/biz/ - Business & Finance

Yooo Imagine you had nothing nvm you don't have to.

>>57222381
baggie seething

looks like the pool is still full
gonna be a long day for you again, OP

>>57222365
>I've been trading since 2016
>Still not rich
Off yourself you useless poorfag

>>57222365
This is actually why it'll never go up. Crypto used for wallets, swapping, buying nft's will go up. Crypto like this, used on the backend and turbo dumped for fiat or L1's will never go up.

>>57222365

Yooo. The right thread

>> 57220798

>>57222365
>>57222415
It will pump but it will take so long it’s not worth holding. Assuming the team continues to unlock 7% of total supply every year, it will take another 7 years to have the supply in full circulation. And that’s just the point at which the deflationary pressure will end and organic PA can take over.
>hits pipe
I cannot think of anything more cucked than being all in on chainlink. Think about it logically.

>>57222623
Imagine owning a shitcoin in which the founder is dumping relentlessly on schedule for years, and your only pump lasts 2 days in peak bull euphoria
These fuckwits haven't made any money in years. They know the reason and still won't sell for ICP

>>57222365
>Imagine you had Bitcoin and Satoshi was offloading $10M every week
Satoshi is offloading over 6k Bitcoin per week, or $272 million.

All pure inflation that is sold by miners.

>>57222674
>t.

>>57222702
Is this the man responsible for Bitcoin's weekly inflation?

>>57222735
>t.

>>57222652
The crazy part is that they expect something different. Big Serg and the boys have made it extremely clear that volatile price increases would be bad for the network. There will be no moonshot because they don’t want one. I bought a bag back in 2020 because I liked the memes but then got out in 2021 when it rebounded. Made a tidy 15x, and I could have done way better if I sold the top. I still think it’s had some great OC but that’s not a reason to marry your bags.

>>57222911
>Big Serg and the boys have made it extremely clear that volatile price increases would be bad for the network.
It's bad for any network. All L1s congest and see massive gas price spikes during periods of volatility.
It's a boilerplate disclaimer.

>>57222674
>>57222944
Not gonna question your numbers, but miners dumping 6k per week works out to 312,000 annually, and current supply of Bitcoin is apparently a shade over 19,500,000. Unless I’m unusually retarded today that works out to an inflation rate between 1 and 2 percent annually, and that’s not taking any speculation about the halving into account. Massively different than dumping premined chainlink.

Link is the biggest shitcoin piece of shit. Scamcoins like safemoon are more honest. Link is a scam that masquerades as an honorable honest project hence the insane projection about truth > trust and all their corporate buzzword talking point bullshit

>>57223083
>Unless I’m unusually retarded today that works out to an inflation rate between 1 and 2 percent annually
It's also 98% of current mining rewards.

Also, Bitcoin's annual inflation rate was like 30% in the early years when it made the most gains.

>>57223124
BTC also had exponentially lower circulating supply than what chainlink has now so it could still pump like crazy. LINK has some of the best technology but some of the worst tokenomics for people looking to make a profit. Unless you got in on presale and have multiple fully staked wallets there is no point in getting involved. It’s for institutions, not traders.

ADEM KAYSEEEEEEEEEEEEEEEEEEER

>>57222365
Hold on a second, how much do BTC miners offload to pay for their operations?

>>57223237
>BTC also had exponentially lower circulating supply than what chainlink has now
lol that just means there’s more left to dump.

>>57223237
>BTC also had exponentially lower circulating supply than what chainlink has now
Nope.
In late 2012, Bitcoin was inflating by 30% annually with circulating supply at around 50% of total.

For comparison: Link is inflating by 7% annually with circulating supply at around 50% of total.

PSA - once your altcoin starts claiming “its not fair because btc did x”, youre in the final stage of cult denial. Theres like a million altcoins…you arent the next btc.

>>57223445
This isn't an altcoin. This is LINK.

>>57223379
You’re ignoring the tokenomics again. 50 percent of total BTC is only 10.5m tokens, and there was a halving event in the fall of 2012. There are over 500m link tokens circulating today with 70m being dumped every year (which also puts inflation at 12 around percent annually for the current year). Unless you already have a massive bag you aren’t going to see a meaningful pump without billions of USD coming for Link. And if you do buy a 10k make it stack right now at spot prices you can’t stake because the pool is closed. It’s not a good investment anymore.

>>57223379
Bitcoin is digital gold while chainlink is a useless fork of a fork gofundme token

>>57223475
>50 percent of total BTC is only 10.5m tokens
>There are over 500m link tokens

Anon, don't make me explain fucking percentages to you lmao

>>57222365
>>57222387
>>57222415
>>57222623
>>57222652
>>57222702
>>57222789
>>57222911
>>57223083
>>57223102
>>57223237
>>57223445
>>57223475
>>57223882
>all this work and the pool is still full
damn
looooong day ahead for you boys i'm guessing
that's gotta be rough after spending christmas / new years doing it as well lol

build tokens will make us rich, please don't sell marines

>>57222365
That’s exactly what bitcoin does you clueless retard newfags

>>57222365
you probably didnt know you used it lmao