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12487555 No.12487555 [Reply] [Original]

Even if LINK corrects in coming days (it hasn't yet and just broke what many anons were calling a sure downtrend line), here is your reminder that since August, LINK has been on a steady uptrend. Not only that, it's with significantly increasing volume. Some anon also posted the other day showing how On-Balance Volume has also only been going up, indicating that accumulation has been nearly constant.

Whatever happens in the short term via manipulation and volatility, long term trends and indicators like this have the final say.

>> No.12487575
File: 169 KB, 500x593, 1547436616349.png [View same] [iqdb] [saucenao] [google]
12487575

Thanks bro.. haven't got enough LINK reminders today.. gotta only be like my 300th reminder this hour.

>> No.12487579

>>12487555

Even if LINK corrects *further. Meant to say we may have seen the furthest it will correct before the fireside chat.

>> No.12487727

>>12487555
Checked

>> No.12487739

>>12487575
lmao

>> No.12488680

>What is Chainlink?
Chainlink is a decentralized network of oracles reliably inputting data to smart contracts.

>What is the LINK token and why do I want to buy it?
The LINK token is what Oracle operators require to operate. Operators lock away huge stacks of LINK in their Oracles because the more they lock away, the pricier the contract they can submit info to.

>Why don't Oracle operators just get paid in USD?
Because the network runs on LINK tokens. The more usage the network gets, the pricier each token becomes.

>How do I buy LINK tokens?
Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.

>What are oracles and why do we need them?
Oracles and their operators are what and how the flow of constant information is submitted to the Chainlink network.

>What information do I submit?
Information you are tasked to submit.

>How are oracles decentralized?
Decentralized means anyone, not a select few, can run an Oracle and upload information. A reputation system is built in that punishes niggers who submit bad information, and rewards people who submit true information.

>What decides the information I submitted is true?
The network decides, based on majority rule, which is effectively the only way to decide. Based on the reward/punishment system in the previous question, operators who take their job seriously won't risk losing it over being persuaded to upload wrong information.

>What are smart contracts?
Automatically executing digital contracts, which will replace future legal agreements, where a contract executes on its own instead being executed by either party in the contract.

>How does the contract know when to execute?
When conditions in the contract are fulfilled, the contract executes.

>Who does Chainlink benefit?
You buy now, and get rich when the network takes off, and every mega corporation will save billions of dollars in payments, claims processes, etc

>> No.12489668

>>12487555
You have that trend line wrong, its supposed to be touching the two shoulders of the inverse HnS. Validation of this is the sharp bounce on the left shoulder.

>> No.12489679

Remember to take off your Links from Binance. Don't trust the Chinese

>> No.12490085

>>12489679
I unironically just did this. 40698 on trezor and just about 12k on binance.

>> No.12490123
File: 2.69 MB, 512x384, 1547867309378.webm [View same] [iqdb] [saucenao] [google]
12490123

>>12488680

>> No.12490652

>>12490085
Still 12k of did it short

>> No.12490800

>>12487555
Nice digits fren thanks for the reminder

>> No.12491007
File: 154 KB, 1919x1044, Screenshot_21.png [View same] [iqdb] [saucenao] [google]
12491007

Only TA that matters on LINK, pic related

>> No.12491042

>>12488680
>Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.
Sauce pls

>> No.12491113

>>12491042
Coinbase mentioned here https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f465 and Binance just added stablecoin pairs, which will probably lead to GBP/EUR pairs at some point through their fiat exchange

>> No.12491174

>>12489668

Oh yeah. I guess you're right.

>> No.12491213
File: 707 KB, 602x800, 1529700341877.png [View same] [iqdb] [saucenao] [google]
12491213

the tl;dr on op's short story is pic related

>> No.12491239

>>12491007
HOLY SHIT

>> No.12491241

>>12491007
I'm no professional and I'm a LINK holder, but I don't think this is how it works anon.

>> No.12491243

>>12487555
Please remind me again in 2 minutes thanks linkreminderbro

>> No.12491248

>>12491241
That is a classic (((down flag)))
Get out while you still have some dignity left

>> No.12491302

>>12491113
That is over a month old bro. Not new.

>> No.12491338

>>12491302
Nobody said it was new though? Other anon asked for source

>> No.12492574

>>12491241
He’s right on the first one, pic related was my swinging for that flag. Although in mine I show a channel that formed, which was more accurate than his falling wedges.

>> No.12492583
File: 187 KB, 1242x729, D805942A-0E37-42A1-B6F8-375C29B43C0B.jpg [View same] [iqdb] [saucenao] [google]
12492583

>>12492574
Forgot pic

>> No.12493354

>>12491007
007 to the fucking rescue! $100 EOY

>> No.12493397

ugh

>> No.12493423

>>12491338
My apologies marine, i.misread what was previously stated by other Anon. Hopefully Coinbase soon.