/biz/ - Business & Finance

>>56610120
but why

>>56610120
Lmao institutions buying at a 3x premium while they can just buy it spot lol

>>56610120
Can anyone with a brain explain what this means based off the GLNK Trust metrics? How much Link does Grayscale have to buy to honor their Trust? Where are they buying it? How is no one tracking their wallets?

>>56610120
that is gaylink, oh wait, every link is gay :O

>>56610162
That’s good link.

>>56610161
Shhhhh go back to sleep anon. Don't ask logical questions of the Stinky Linkies.

>>56610195
I have 10k link and you will die poor, nigger

>>56610161
shhh anon, lfg leddit 500$ eod all the banks are buying gaylink for 37500$!

>>56610161
stop being antisemitic

>>56610120
can someone explain to me how the price of the actual token will react to this?
pretend i'm a girl when explaining

Wtf is even GLNK

>>56610259
They will come to a 1:1 ratio rather quickly.

>>56610240
>he thinks having a suicide stack is something to be proud of

>>56610240
I only have 2600K LINK so you aren't wrong, rajeesh

>>56610266
Giga Link. It’s Links final form.

>>56610288
lmao

>>56610269
so i should sell at 15 + 0.5*(54-15) ?

>>56610120
Explain to me who's buying this.
>instatutoons
But the volume is tiny..

>>56610310
That’s the real price of link. 54 dollars. Let that sink in. That’s what boomers are paying for it.

>>56610310
its just boomers and normies that can't into coinbase so they have to buy glnk on fidelity or vanguard. institutions aren't speculators, if they buy the token they want the actual token so they can use it.

>>56610141
They'd rather pay three times more than buying your bags spot lol

>>56610495
This isn't even half the story, it isn't even 1/3rd of the story. It's a mystery to everyone!

>>56610596
this

they don't have to back links 1:1, they can buy 1 link and issue 10000 shares per $50.

i think same thing will happen to bitcoin as well. EFT is a psyop. basically wall street's way of telling you bagholders a really big fuck you. they'll pump each others pockets but not yours.

>>56610161
dont worry about it

>>56610120


>>56611490
>>56611490

>>56610259
hello butiful link $1000eoy i take you to my village in lambo and we do the needful

>>56610120
please sirs how to convert link token for glink token to redeem on grayscale chain

>>56610161
this
how is this shit linked to link at all

>>56610141
>$4m aum
>fuck all volume
>institutions
Stinkmarines are gme-tier cultists

>tfw the boomers have made it from LINK before us
It's not fair.

>>56610161
They aren't buying it, it's a closed fund, it's only traded OTC, it's tiny ($4m aum), tracking errors are the name of the game. GTBC (4000x the aum) was trading at a 50% discount last year, just the nature of illiquid OTC funds

tellor has died. check out the vastly increased volume on the dump. flawless exit

>>56610195
>>56610242
>ask reasonable, interesting question
>leddit sshhh posters immediately come out of the woodwork thinking they have found a juicy fud angle
You are sub 100 iq brainlets and you will not make it.

>>56610495
they can't though due to regulation. they can however buy a crypto trust for their fund, which is what we're seeing happen.

>>56610161
israeli lives matter

>>56611921
seethe harder faggot

>>56610161
I work with a major US financial institution. We are not currently allowed to put "cryptocurrencies" on our marketable securities. Buying at these prices on Grayscale now is essentially a bet that retail will overtake these prices at some point in the future. Will be interesting to see how high they push this, it will be a good indicator of where to start laddering sells for you guys at the peak of the bull market.

>>56614363
What kind of returns are they looking for
I mean if you’re them, and just want a pat on your back from the boss, you just take the easy 5-20% or whatever, but how does that work post tax

>>56610433
This is ignorance or deception. I dont know which

This is unironically happening becus a certain group is trying to apply crypto shorting mechanics on the boomer market and their getting rekt for manipulation and their liquidations are whats pumping GLINK lol

>>56614528
funny if true

>>56614444
If they're paying 3x now then there is a good chance that is this is just a pump before going back to fundamentals. It's exposure to a broad new market that the average ETF holder has a higher amount to invest than your average 4chan LINK holder. I'm talking about having a GreyScale Chainlink Trust or a Vanguard
Information Technology Fund as an option to invest right out of the gate. This will hit people's 401k and IRAs within a few years and that is genuinely your floor that you wont see prices at 10 20 30 per token anymore.

If anytime is right to buy why wait and risk a 50% flash. If theyre charging a 3x premium at these prices then the holder is going to expect to make much more in returns.

>>56610495
Crypto is like weed.
Even though no argument against it since it's legal now, they don't want to hear about it or see it or tolerate it in their household. Coz hippies.

>>56610161
What about Hamas? Why aren't you asking about THEIR wallets, huh? Piece of shit, I bet you defend "river to the sea" too.

>>56610495
>can't into coinbase
Literally how? Coinbase makes it retardedly easy

>>56610259
Don't worry about it babe

>>56610120
why would anyone buy GLNK if you can buy LINK for less than 1/3 of the price? the fuck? This must be some kind of a meme.

>>56614714
Not allowed to. Or it's compromises their image. How others perceive the boomer is highest priority. Crypto can hurt their image, only landlords and winery owners can boast proudly without fear.

>>56614714
I used my Coinbase card today to pay bills too

>>56614745
why would anyone listen to gusic when they could listen to music? it is a mystery

>>56610266
It’s Chad O’fourks proprietary link.
It was originally known as shadow link but got rebranded to Glink after Chad heard the lyric “real g’s move in silence like lasagna”.

>>56610120
test

>>56610135
No only the chainshit grey scale holds is worth $50 per shit. Your worthless crap is still $8

>>56615160

>>56610141
It’s to do with regulations, it’s easier to purchase link without the SEC breathing down their neck if it’s through grayscale

>>56615229
This whole situation is funny because most retards like you don’t know that 3AC did the same think with GBTC as another party is doing to GLINK haha

GLINK price pumping is not bullish, it shows there’s something manipulating the price though genesis trading loans.

Whatever tho, fuck it linkies, it’s yo lives

>>56610120
boy bye

>>56615268
Only difference is now Grayscale is trying to get every Trust converted. I don't think these prices will last long, BUT if LINK actually runs to $100, well...

>>56610162
based

>>56614285
Are these "institutions" in the room with us right now? GLNK only holds 300k link you retard fucking baggie cultist

>>56614363
can you expand more about possible prices to sell?

>>56615301
And how will they steak without LPL?

Pools closed.

>>56610120
My big mac oracles are going through the roof! Now i can securely know the price of a Big Mac (tm) in the real world... On the blockchain!

What is total # of shares in Grayscale LINK trust? Is it capped at 1B? Is it supposed to be a 1:1 to LINK tokenomics? I understand how premiums would arise in that circumstance given institutions have red tape to get through for exposure

>>56615228
the pipe strip... fuck now I'm going to have to watch that entire video again

Dropped 10% to $40 now

The price of a share in a trust fund is not a one-for-one trade with one token of the underlying asset.
They don't have to have the same number of shares as tokens they own.

For example, the fund may own 2000 tokens, but only sell 100 shares.
Each share would therefore be "worth" twenty tokens, or one percent of the underlying asset.

The price of a share in a fund is not the same as the price of an individual token.

>>56610120
>GLNK
>Goy LINK
>4x premium on the price
>only way to buy without autistic software
Are we the jews now??

>>56610259
No we can not go on our 7th vacation this ye… wait what were you asking about?

lol

>>56616481
It's a closed fund, it holds right around 300k link, it has no volume, the tracking error is just a product of it being an illiquid otc fund

>>56614763
Why? It's pointless now that 4% rewards is kill. You're better off using a rewards credit card and then using the cashback to buy whatever you have your .5% coinbase reward set to

>>56610259
Ok pretend you have.. oh what do you thots like... instagram photos. Yeah thats it. Pretend you have a photo business. Girls pay you to take glamour photos of them to put on insta. You charge $8 per photo. Then you learn someone across town is charging $54 per photo. And customers are gladly lining up to pay it. What do you think your next move is going to be?

>>56616656
how did they pick these random shitcoins to invest in?

>>56610120
I dont have any OTC holdings. Whos even buying it

>>56610120
OOOOOOOOOOOOOOOO

>>56616656
Genuinely embarrassing

>>56610120
I just want to be married :<
i want to find a man who i can support and love unconditionally and be his lovely little wife.
i want to have a fancy wedding where im the prettiest bride ever.

but im a boy...
how do i get rid of these feelings??? i honestly cry like once every month because of this.
i just want these feelings to end... :'<

>>56616656
This pump has nothing to do with Grayscale. But the market is desperate for narration. We will find out soon I guess.

>>56610161
>For as long as the Shares trade at a substantial premium, investors who purchase shares on OTC will pay substantially more for their shares than investors who purchase shares in the private placement.
So I think they count on "private placement" to eventually put more link in, or at least get ppls USD with which they will then buy link at that point. But also private placement is closed atm.

>>56615268
>GLINK price pumping is not bullish, it shows there’s something manipulating the price though genesis trading loans.
Noone needs "genesis trading loans" to manipulate shit when the volume is literally not even 15000. Look at this fucking orderbook I could literally right now bump the price from 40 to 50 by buying 901 shares for 36k dollars.

>>56616924
I think it depends on their agreement, and who knows what's happening inside. There are advantages and disadvantages to both, but I'll stick to what I have right now, diversifying altcoins for a good ROI in the long run. DUA is on my list, embracing account abstraction. Others are ETH, UNI and OP.

>>56618138
buy a water distiller and distill every drop of water you consume. Maybe smoke a cigerette or two per day. drink black coffee. they've put stuff in the chemtrails and thus, the water, that make frogs turn gay.

>>56616481
0.93 Link per share