/biz/ - Business & Finance

>>58637272
is it really that strange? what would make you believe it should act any differently than any other of the midcap coins that hover in the same top 20ish range

>>58637281
you'll find out after being here for a few years

The only “higher meaning” is the dumps from above

>>58637302
This. It'll run out, one day. This is the faucet period everyone and their dog will rope for having missed. MOST anons have told family and extended family and all their friends at this point. I bet more people have heard of CL than any other crypto project save Bitcoin. Yet still most people I meet in the tech space have barely a passing interest in crypto at all, let alone investments.

>>58637281
Anytime there is even somewhat relevant bullish news around LINK, btc will drop a pretty noticeable amount. Who is doing it I have no idea but theres gonna be a retard that calls me an idiot and some other anon is gonna come in and reply to him with like 15 different screenshots of the charts tanking the exact minute link news releases and then the fudder won't respond or just calls us xrp schizos in a cult. It's a recycling thread that happens a couple times a month I truly have no idea how the bit lasted this long.

>>58637272
I hear you, bro. The price graph does make it look like just another ordinary cryptocurrency coin but when you type 'swift chainlink' into bing it tells you that the two companies are pretty much the same thing. i'm no expert but that makes me want to buy bank stocks so i scooped up a barrowload of this while it's cheap.
It'll probably tank now as i have no luck lol fingers crossed

>>58637272
>It's an outlier in this market
Yes.
Bitcoin behaves very differently for Chainlink compared to any other coin.

>>58637302
Are you saying all those Links are sold for BTC?

Also you forgot to add the period from 2019 to 2020.

>>58637368
Does CLL need the $LINK token to make profit, or just bootstrapping? And if so, why then are they selling all of it? In what different way will they make a profit when they have no $LINK tokens left, and how will they then stay incentivized to appreciate the token in value?

>>58637302
>duuuuuude supply doesn't have an impact on price
>the dumps are actually bullish or whatever my local advocate said xD

>>58637887
They're basically rolling out in a way that favors adoption the most. Yes they need bootstrapping money so its convenient that the price of the token isn't zero. But what you're seeing is a nice long freeze-out. They can largely prevent any landslides by avoiding any large price movements up OR down. This is very helpful to nations and companies that onboard, because they're all getting about the same deal. Not many opportunities to call the CLL team biased in their offerings to one place or another. This goodwill, in turn, makes it easier to onboard the next guy and the next... The trust is there. But since the token supply is limited, the cap will eventually be reached and the price-suppression will stop. Just how "musical chairs" works.

>>58639306
but the actual token doesn't do anything, everything Chainlink has to offer works perfectly fine without it
the only usecase so far for the token is a shoe horned payment scheme which has yet to materialize

>>5863931one
At least the shills are consistent with their FUDs, even when they're retarded gorillas

>>58639311
Lying retard… honestly why even use the “token not needed” angle anymore? Its just lazy fud at this point

>>58637402
Its been happening much longer than that.
>t. Started browsing /biz/ in 2020

>>58639342
but it doesn't do anything, really

>>58639348
supercomputes on each city will make chainlink obsolete

>>58639344
checked. It is known.

>>58637272
>There has to be some higher meaning to all of this
nope that's just schizophrenia

>>58637368
>people I meet in the tech space
The guy at the apple store doesn't count faggot

>>58637402
Because everyone with two working braincells knows the trifecta is btc eth and link. Not necessarily in that order. And early btc and eth whales are accumulating link, that's easily verified on chain. That to be in the top 1000 wallets you need more links with each passing day. I used to be top 1000 with 42k links but last time I checked I was out of the list.
FYI just rechecked and you now need 44.5k links to be top 1000 which means that the average top wallet has now 2k more links compared to last year. If whales were dumping you would think they would unload their link bags to the other 700k link addresses but that's the opposite of what is happening.

>>58637402
Right on cue:
>>58637483

For what it's worth yes you're not the only one that is noticing and it's been happening for fucking years now. I still remember watching the Eric Schmidt dump happen in real time after the news broke, it was surreal. It's happened far too many times for it to be coincidental.

there have also been multiple occasions where a chainlink break out was stuffed by a bitcoin breakout. fudders will say that chainlink just follows bitcoin like every other dead alt but it really looks like bitcoin follows chainlink.

>>58640574

>>58640583

>>58637272
I am going to put my life savings in again on next dip. It is not much.

>>58639123
>>the dumps are actually bullish
This but unironically

>>58637272
FUN hasn't made a move yet, but I'm hopeful they'll go parabolic soon since I went all in!
wagmi nfa

The link fud is unironically starting to work on me guys.....

>>58642693
(<0>)<,..,>(<0>)

>>58642693
Good. Let the FUD flow through you

>>58637272
You know what's weird? All those moonshot rug-pulls we've seen over the year, for which many people are now sitting in prison, awaiting trial, or awaiting extradition for trial.

You know what's not weird? Chainlink. The price makes sense, their company is not opaque, and Sergey has people like Ari literally testifying to congress on this industry.

What's weird is the combination of paid astroturfing FUD + mentally ill faggots who permanently live here and crypto twitter.

BTW, DECO was granted a patent that doesn't expire until the middle of this century. If you are an ADD retard none of this noise effects you.

>>58637272
Peepee poopoo

>>58640519
Based and accumulation pilled

>>58637272
If Sergey’s intentions are pure in that he wants to limit or outright remove corruption at the transaction level, then this project’s destiny can only be fulfilled in the post-elite world

I hope we get a solid run before that so I can endure the transition comfortably

>>58639344
I said it happens a couple times a month, not that its been a couple of months. I know its been years.
>>58640519
based wallet checker. I have no clue where I'd be in the rankings but I do know that I'm in the pool and thats all that matters at the end of the day.
>>58640556
kek i remember that. When the lex fridman interview dropped it dumped that whole week. Price slashed in half by the end of the month

>>58640583
This shows literally nothing you dont even have the same dates lined up. Bitcoin is already trending upward / downward in all those charts. You've already been debunked in the past. Pic related. The problem you have is you only focus on link, there's been so many times I see linkfags celebrating a 5% pump, they always act like link is special and that it's pump is unique, but during these days there's tons of other shitcoins also 10% and more. Links pumps are Mediocre often times weaker than even boomer btc, hence why it's been bleeding sats for years, but when it comes to dumps link usually outperforms the market at dumping.
>pumps the least dumps the most haha

>>58642693
What.. Did you look at the chart or something?
I never understood this fud meme. A lot of people hold chainlink and a lot of people are upset at the poor price performance, there's nothing more to it

>>58643611
>This shows literally nothing
it shows that bitcoin pumps after chainlink pumps

>you dont even have the same dates lined up
because i'm showing the dates they broke out

>Bitcoin is already trending upward / downward in all those charts.
that doesn't dispute the fact that chainlink pumps to new highs before bitcoin does

>You've already been debunked in the past. Pic related.
you're comparing high volatility assets using a linear scale... obviously they're going to look the same

>pumps the least dumps the most haha
out of the 18 non-stablecoins in the top 20 link is outperforming 12 of them on the 1y. that includes btc, eth, and doge