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/biz/ - Business & Finance

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11955534 No.11955534 [Reply] [Original]

Why is LINK blowing up on increasing volume rn??

>> No.11955547

>>11955534
b-b-b-but some anon in another thread said it's just doing exactly what BTC is doing...

>> No.11955565

Because it’s a PnD scam run by a autists that tricked you into thinking this is a real project

>> No.11955578

They crazy thing is people are actually selling. I mean WTF who the fuck is selling when LINK is getting partnerships with actual companies not other shitcoins?

>> No.11955644

Man it's a pump and dump.

Dump on the news

>> No.11955672

>>11955534
>discord group circulates retarded private chain fud
>reddit and newfags dump
>discord increases their stack 10%
like taking curry from a pajeet

>> No.11955677

just made 10 extra linkies on the little dip to 87

>> No.11955695

You said it was a meme?!? WTF

>> No.11955696

>>11955534
Because it's recovering from the crash and going back up to its previous price and continuing its ascent to the top 1 of crypto shitcoins.

>> No.11955713
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11955713

>>11955534

>> No.11955756

>>11955534
The fud had increased slightly over the last day or so so its probably a pathetic pump and dump. Either way, imagine swinging link

>> No.11955817

Except that it’s literally dumping right now. Target 3100 sats

>> No.11955856

>>11955817

no

>> No.11955871

someone propped up the price with some moving buy walls.

>> No.11955876

>>11955817
Fool, keep kidding yourself swingtrader

>> No.11956008

>>11955871

How do moving buy walls work?

>> No.11956036

Wash trade

>> No.11956046

IT'S DUMPING UPWARDS, CHAINLINK IS FINISHED LMAO!!!

>> No.11956049
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11956049

pee pee poo pok

>> No.11956058

>>11956008

Well, in this case some faggots put up 100k+ buy walls at 8000, removed it and put it at 8400, then 8600, so on and so forth.

This pump is inorganic as fuck. Typically that's a whale or whales moving buy orders into their sells.

>> No.11956077
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11956077

fudders btfo

>> No.11956109

>>11956058

Do you typically expect a big dump after such a big upwards manipulation or are they progressively trying to drive up the value more long term for larger dump?

>> No.11956121

>>11956058

Also, how do you review public orders on binance?

>> No.11956145

>>11955534
say finn and any scam is instant hit

>> No.11956170

>>11956109

Those kind of moves are short term. I mean, they're moving their buy orders up with the intent to sell their higher sell orders. They aren't going to leave their buy orders up for longer than they have to, cause if they buy too much, it defeats the purpose of the action, which is to sell their higher priced orders. The more they buy at the higher prices, the less profits they rake in.

I'll tell you this right now, if someone significant walked over and dumped a significant amount on one of those fuckers orders, the guy would pull their cash real quick. Once again, the goal is to sell the asset, not acquire more.

Of course this is chainlink we're talking about, so when a pump happens it just fucking sits there and lingers.

>> No.11956207

>>11956109

What I was trying to say was, normally after the buy wall gets pulled, the price tumbles. But chainlink is a special snowflake that floats after a pump.

>> No.11956242

>>11956207
based as well as redpilled

>> No.11956243

>>11955565
>Even though it's been consistently moving up, just a scam. Doesn't matter if you're gaining real money.
The absolute state, folks

>> No.11956292

Should i buy now or wait for little dump?

>> No.11956308

>>11956292
Think it over during a relaxing street shit my dude.

>> No.11956324
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11956324

Why can't we just pump. I wanna break 9k then 10k then just keep going up and up and up, moneymoneymoneymoneymoney.

>> No.11956378

Lol fudders must be so ass mad right now, they put so much effort making all these threads on biz yet chain link just keeps going up no stop, lol. Fucking destroyed

>> No.11956395

its literally dumping

>> No.11956403

>>11956378
It's honestly normal. They've never had any effect on the price.

>> No.11956410

They took a huge chump off the market dud expect a dump

>> No.11956445

>>11956207
2018 /biz/ post of the year, kek

>> No.11956530

>>11955534
People realized that Chainlink cornered the market. They will be the standard protocol for permissioned private blockchains and public blockchains.

They all of the sudden realized the FUD they were pushing is actually bullish. It just took longer to realize for these brainlets.

>> No.11957678

>>11956530
>Chainlink cornered the market.
>They will be the standard protocol for permissioned private blockchains and public blockchains.
This.

There will always be permissioned, private shit, even in crypto. Not everyone trusts actual decentralization (yet).
But when even the permissioned, private shit is turning to fucking Chainlink, that speaks volumes.

Chainlink is top dog in decentralized AND centralized; permissioned AND permissionless; public AND enclaved, ...

>> No.11957957

>>11955856
>>11955876
Its a fucking meimei ya dinguses

>> No.11958098

>>11956324
B/c of swinglinkers !!!
God I hate them !!!
Link $1k eoy

>> No.11958161

>>11955578
Link is still tied to BTC, if you believe that BTC will continue to fall in price - perhaps down to 3K$. Then it makes sense to go into tether, and buying Link up again when BTC tank.

>> No.11958164

>>11958161
>Dammn buying opp

>> No.11958498

1D chart, 23/12 - 26/12