[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 439 KB, 1253x3436, oracle bubble.png [View same] [iqdb] [saucenao] [google]
11934011 No.11934011 [Reply] [Original]

I see a lot of whales and general fudders saying LINK will never top $10. But you have to consider that LINK is obviously deserving of a top 10 place at the absolute minimum, if LINK will see adoption at the level we have reason to believe it will. You also have to consider that BTC can be in a bear market or a bull market, which inflates or deflates price accordingly.

Here are the facts:

HIGH LEVEL PREDICTIONS: If LINK sees the adoption we have reason to believe it will, adopted by literally hundreds of teams, projects from the crypto world and with real players like SWIFT, we can expect LINK to be top 10 minimum.

BEAR:
If LINK had the same mcap as XRP right now, 1 LINK = $44.

BULL:
If LINK had the same mcap as XRP/ETH during BTC peak bull, 1 LINK = $300-$400
Consider that the mcap of XRP/ETH during the bull market was bigger than BTC RIGHT NOW at peak bull market.

LOW LEVEL PREDICTIONS: If everything that weaponized autism has uncovered somehow turns out to be all fairytales and wishful thinking....
If you seriously believe LINK will only reach $1-$10...

If LINK's mcap reached the mcap of Aeternity, another competing oracle type crypto, at its peak, 1 LINK = $3.14.

Aeternity actually has a working mainnet but will never see the levels of adoption that Chainlink will (remember: literally hundreds of teams).

If LINK reaches #10, same mcap as XLM, right now in peak bear market, 1 LINK = $8.75.
During BTC's bullrun, the mcap of XLM peaked at an amount that would make the equivalent 1 LINK = $43.

Consider all this and see that $10 is a very low end conservative estimate of the maximum potential of LINK.

>> No.11934023

it all depends on when sergey decides to unload his sack

>> No.11934044
File: 302 KB, 521x509, 687543.png [View same] [iqdb] [saucenao] [google]
11934044

>>11934011

>> No.11934045

>>11934023
The tokens Sergey has reserved for incentivising the network will never hit the open market. They will stay within mainnet circulation. 1 billion token circulating supply is ill thought out FUD.

Smart contract creators won't care about trading meme tokens on Binance. The profits they will be able to extract by switching to smart contract based systems will be enormous. Accordingly, LINK tokens will be valuable just as access to this network of oracles. Just like everything Assblaster said.

>> No.11934048

>>11934011
>I see a lot of whales and general fudders saying LINK will never top $10
$10? Nigger, this shitcoin will never see $1. So go fuck yourself you pathetic shill.

>> No.11934052

so 500k Link to make it?

>> No.11934058

>>11934011
literally the first time ive heard Aeternity. how do stinky linkies justify a competitor with an already working mainnet, lower circ. supply and higher position on CMC as not a threat?

>> No.11934060
File: 18 KB, 408x408, 1532138142070.jpg [View same] [iqdb] [saucenao] [google]
11934060

time traveller here, 1 link token will be worth 7800$ in 2019

>> No.11934091

>>11934048
It already did

>>11934058
Dyor but all competing oracle solutions are inferior tech to Chainlink and will never be adopted by actual financial markets due to inferior security. Aeternity in particular is just a shitty mobile dApp store.

>> No.11934104

>>11934058
Also if you never heard of Aeternity before you are a newlinker/newfag and need to go back. Mobius tier fud.

>> No.11934111
File: 245 KB, 763x405, clkkk.jpg [View same] [iqdb] [saucenao] [google]
11934111

>>11934011

>> No.11934124

>>11934058
Not blockchain agnostic.

>> No.11934393

>>11934011
>if LINK will see adoption at the level we have reason to believe it will
and that's why you're a retard. why would it EVER have adoption?

You take any given app with 0 users, it has 0.000001% of ever getting any adoption. That's just the way software goes.

>> No.11934431

>>11934124
>Not blockchain agnostic.
I think you're fantasizing about what LINK is without actually knowing.

Link is some BS code that 3 devs have been fucking around with for 1 year. Nothing more. It's not "blockchain agonistic". It's nothing. It's not finished. It has no users. It has no release date. It's an unfinished github repo that no on uses. They haven't even started to plan some of the features. Oh and that's after they received 30 mil and 1 year has passed kek.

>> No.11934480

>>11934431

I've watched and researched this project during that 1 year. I check the pivotal tracker daily. I also know the difference between Agnostic and "Agonistic".

>> No.11934494

>>11934393
>>11934431
Fudders are not even trying anymore... sad.

>> No.11934510

>>11934023
I'll make him do it tonight ;-)

>> No.11934542

>>11934480
>I've watched and researched this project during that 1 year. I check the pivotal tracker daily. I also know the difference between Agnostic and "Agonistic".
An unfinished product is not blockchain agnostic. An unfinished product is nothing. That's what LINK is now. Nothing.

>> No.11934579

>>11934011
LINK will easily reach $20+ next year. A stagnant market will prevent $100+ until 2020.

>> No.11934839

Look at all of the shitcoins in top 10 that got there on hype alone. Link has substance and legitimacy.

>> No.11934853

>>11934045
You dumb retard, you probably believe that OTC trading doesn't affect price too...

>> No.11935436

>>11934045
some company gets 5 million link tokens. link at 10$. thats 50$ mill they are sitting on. You think they will not sell?

>> No.11935546
File: 155 KB, 800x600, 307EE230-9990-4060-AA88-1EC2782F8E96.jpg [View same] [iqdb] [saucenao] [google]
11935546

>>11935436
They will lock them in nodes to get passive gains & have access to secure data.

>> No.11935554

>>11935436
No, they won't. They would save more money and therefore make more profit by switching to a smart contract based system. LINK is the only way for them to securely do that. They would make $50 million extra profit per fucking year by having access to the LINK network you brainlet. This is about long-term shit not fucking selling meme tokens on Binance you retard. If Sergey gives 5 million LINK tokens to, say, a bank, which wishes to operate a Chainlink node, or someone from the financial markets world who wants to start switching over to smart contracts, you think he would give it to a literal street shitting pajeet who would sell immediately?

This is about access to a network of decentralized oracles, which are absolutely necessary for the highest level of security, which is necessary for very high value smart contracts.

The amount of money that smart contract creators will be able to save, and therefore profit they will be able to make, will be vastly more important to them than selling meme tokens on binance and opting out of the oracle network.

Fuck, you're retarded. You have the mindset of a retail investor chasing muh moon missions.

Anyone who honestly believes what you are saying does not understand the potential of smart contracts.

>> No.11935579

>>11935546
Stop already with this vague shit. Sergey needs to burn the 350 mill, it's such a risk.

>> No.11935582

Imagine thinking link will only reach $10...wow

>> No.11935592

>>11935436
People always seem to misunderstand the 35% that's reserved to incentivize node operators. It won't be handed out for free. The team will use it to increase the reward rate for node operation.

>> No.11935627

>>11935579
If you don’t trust Sergey, you don’t deserve his gains. Simple as that.

>> No.11935633

>>11935546
Exactly.
Say Sergey gives LINK tokens to a potential node operator. They will understand that they can monetize their data to potentially billion, trillion or even quadrillion sized smart contract markets. The long-term profits from participating in the network would far outweigh simply selling the token. Selling the token would also mean they are abandoning moving forward into smart contract technology.... It would be a very short sighted view indeed, something that only a biztard would have. Businesses actually have long term plans about keeping up with upcoming technology.

The alternative scenario, that Sergey gives LINK tokens to smart contract creators so they can reward nodes, is less likely, since there will probably be instant LINK - FIAT conversion at some point when mainnet is mature. But say that this does happen. This scenario would mean Sergey is giving the tokens to someone from the world of financial markets, or some other smart contract creator.... These are the guys who will be saving incredible amounts of time and money by switching to a system of smart contracts. If they fail to adopt smart contracts, their competitors will be able to beat their overheads, and long term, they will fail, because they couldn't keep up with the new, emerging technology.

It's like saying, before the widespread adoption of PCs, what if Bill Gates gave every Fortune 500 company 100 computers with Windows? Why wouldn't they just sell it on eBay lol? How can anyone seriously think like this?

>> No.11935653

>>11935592
>The team will use it to increase the reward rate for node operation.
We don't know what it means anon. Yes it could mean what you are saying. It could also mean Sergey wants to allow node operators to set up with zero overheads, so they don't have to buy LINK tokens to set up the node, speeding up adoption, and snowballing the effect. Personally I think this is the most likely scenario.
He could also give the tokens to smart contract creators so they don't have any overheads to start rewarding node operators.

>> No.11935661
File: 190 KB, 1080x1176, Screenshot_20171121-120328.jpg [View same] [iqdb] [saucenao] [google]
11935661

Your 350 million particles of fecal matter belong in the slums of Dharavi Trideep

>> No.11935675
File: 581 KB, 734x737, 1543284186505.png [View same] [iqdb] [saucenao] [google]
11935675

>>11935554
>>11935633
you will have to excuse the nolinker as they truly are the brainlets of biz. hey thank you for telling us what is already publically available to read in the white paper.

>> No.11935689
File: 140 KB, 1280x961, 1517014689634.jpg [View same] [iqdb] [saucenao] [google]
11935689

>>11934104
Mobius Tier, Best Tier

>> No.11935707

>>11935653
True that we don't know for sure what the mechanism will be. But a general reward increase would be the most practical method. Its not practical to review each individual case to reach an evaluation of "ok, you get x amount". It could also be a combination of both. A flat rate increase and handouts for the bigger more trustworthy clients

>> No.11935757

>>11934510
LARP

>> No.11935833

By the time LINK reaches $5, if it ever does, 50% of my stack will be sold by that time.
I know I will hold for life at least 100 LINK, just in case the memes are true. Will be interesting to look at in 2025 or something.

>> No.11936474

I’m really not sure. I just hope they can pull it off. The acquisition of TC is comfy but I’m still to much of a brainlet to say with 100% certainty it will succeed. My range is $0-100

>> No.11936493

>>11935582
That would be a dream

>> No.11936494

>>11934058
aeternity isn't a competitor. it's a seperate blockchain that has a native oracle like oraclize built in. aeternity has said they could use chainlink in the future, and that's entirely plausible since they have their own blockchain to work on rather than spending their own time recreating a decentralized oracle network (which has a different and important value proposition that a centralize oracle does not).

>> No.11936544
File: 142 KB, 750x1189, 1543417053770.png [View same] [iqdb] [saucenao] [google]
11936544

>wearing pants

>> No.11936594

>>11935833
lol, stay poor for selling this fast

>> No.11936610

>>11934058
Because I’ve looked into it and they’re completely different.

>> No.11936641

>>11934011
That's a lot of "if"'s.
I'll never understand comparing a coin/ token to another's MC; doesn't take into consideration total circulating, total supply, deflation or inflationary measures, et al. Absolutely nonsensical

>> No.11936650

>>11936641
It by definition takes supply into account you brainlet

>> No.11936691

>>11934023
you all still don't understand sergey has a huge on for decentralization. that shit hitting the market would be a fucking fatality for a lot of small time buyers who can ensure the network decentralization.

>> No.11936712

>>11935436
They will get Link through a fucking Smart Contract. It's not they wont, its that they fucking can't.
You all still don't understand how sergey thought about everything.

>> No.11936792

>>11934011
>If LINK reaches #10, same mcap as XLM, right now in peak bear market, 1 LINK = $8.75
This is about right. Bull market won't be back for years. If you plan on making it with LINK before 2021 you need at least 100k. Which is what us "fudders" have been saying all along.

>> No.11937335

>>11935579
if you dont trust him, dont invest in his company, simple as that