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/biz/ - Business & Finance

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7996235 No.7996235 [Reply] [Original]

Please elaborate. And no, meme magic is not enough of a reason

>> No.7996251

meme magic is enough

>> No.7996260

>>7996235
only stupid amerimutts say that LINK gonna reach 1000$ EoY
we are lucky if we see 100$...

>> No.7996283

not happening eoy. maybe 20 bucks. 1000 maybe in 2025.

>> No.7996291

>>7996251
No
>>7996260
I'm trying to understand the delusions of Linkys that think this will happen.

>> No.7996354

>>7996235
Basically, WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>> No.7996463

An endorsement from President Trump

>> No.7997412

>>7996235
bitcoin at 10 million

>> No.7997565

>>7996235
1. Mainnet adoption. It will drive the price to 0.01 BTC
2. BTC at $100,000

>> No.7998005
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7998005

>>7996235
Here are my best arguments.
First, you need accept the premise that the total market cap is very thin. That is, it takes a relatively small amount of fiat to push up the total marketcap. I'd guess there's no more than $50bn in actual fiat in the market right now.
Pic related and see this thread for more discussion:
https://archived.moe/biz/thread/7228543

So, let's say we could realistically reach $2 to $5 Trillion marketcap by 2019, assuming some promising upcoming exchanges encourage more regulated capital to come into the market (ETFs, proactively regulatory-compliant etc.)

So, can LINK reach top 8 with $350bn market cap?

It would require enough node-operators and users to use ChainLink as the dominant decentralized oracle solution, and a top oracle solution for smart-contract platforms. It has the most momentum as it is. It would really need to capture a decent portion of data-driven derivative contracts, which would establish its network effect (eventually expanding into insurance and trade finance, but that may take a few more years as there are more legacy systems and complexities they still need to overcome before using purely data-driven automated agreements)
But there are perhaps many other data-driven use cases due to opening banking APIs, and in the stock and bond market, to go after this year. And it could probably capitalize and dominate a handful of other smaller markets because of its economies of scale (e-betting or something)

So a lot of things need to come into play for $1,000 EOY, but it's not completely insane. I'd say though, that it's more likely we'd see $5,000 LINK by say 2021, than $1,000 2020, because of how powerful the network effect will become, and by then insurance and trade finance will be more likely to being open to adopting smart-contract tech