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/biz/ - Business & Finance


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13255850 No.13255850 [Reply] [Original]

Why has LINK been frozen at $0.57 for several days now, after being erratic as hell for weeks beforehand?

>> No.13255868
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13255868

>>13255850
Because

>> No.13255899

>>13255850
My guess is that they are stress testing mainnet price oracles across different exchanges. Not sure how this would relate to the price disparity on the korean exchange however, but thorough QA requires attempts to break functionality.

>> No.13255905

>>13255850
The price is being artificially suppressed.

>> No.13255930

>>13255905
for what purpose

>> No.13255945

>>13255930
so it doesn't dump to hell

>> No.13255957

>>13255930
to not attract attention....they are still accumulating

>> No.13255962

>>13255905
The volume is artificially suppressed as well amirite

>> No.13255975

>>13255930
Price action attracts traders and attention. No price action = no interest from undesirable elements.

>> No.13255977

didn't you all read the whitepaper? price is tied to a cup of coffee

>> No.13256048

>>13255850
don't worry, it'll flashpump to $1.50 when bithumb opens deposits

>> No.13256086

>>13255850
Koreans are slowly bleeding all of the tokens off of binance. LINK has reached the point where the entirety of it is owned by people holding and bots. The bots are happy to allow their stacks to slowly bleed because they don’t realize it’s happening if it’s at a certain pace. Binance volume is getting lower and lower and bithumb has now become the largest LINK marketplace by a multiple of 5. Almost half of all LINK trading is taking place there. The Koreans have also accumulated over $50MM of LINK since trading began. They’ll dry out all the binance tokens and other exchanges and you’ll see what happens next. Price goes up because liquidity disappears, then they either dump like crazy or they know something we don’t and they hold and shit goes parabolic.

>> No.13256100
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13256100

>>13255868

>> No.13256106

>>13255850
Because 55 percent of the trading is being done on an exchange where the price is quarantined.

>> No.13256117

>>13256100
Big if true

>> No.13256124
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13256124

>>13256100
Sergey is the only MVP I need

>> No.13256132

>>13256100

Exit scam within 2 months from Klerosfags

>> No.13256149
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13256149

>>13256100
>we will solve the oracle problem before chainlink

>> No.13256163
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13256163

>>13256149
>*the oracle question

>> No.13256167

>>13255850
link is a stinkcoin, you fags are delusional with this shit

>> No.13256249

>>13255905
if i didnt know you were larping, id sell because this delusion made retards hold req to 2 cents (muh whale price supression)

>> No.13256259
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13256259

>>13256132
>>13256149
>>13256124


LINK
>Already in top 50
>No working product
>Use case reduced to automatic retrieval of JSON data

KLEROS
>Barely top 600
>Working product used by Ethfinex and Reuters
>Can be used for anything you can imagine

Which one is a better investment? Which one would have a more probable exist scam? Be honest. What if you look into the repo for both projects and find out you are wrong?

https://github.com/kleros
https://github.com/smartcontractkit

>> No.13256384
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13256384

>>13256259

>> No.13256426

>>13256384
Thanks for your intelligent counter arguments, honkposter.
https://www.youtube.com/watch?v=Z4OhbzSFpnk

>> No.13256436 [DELETED] 

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>> No.13256637
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13256637

>>13256426
my pleasure glad I could help
HONK HONK

>> No.13256703

>>13256436
>a literal faggot

>> No.13256940

>>13256100
it's honestly very sad some people are so far up their own ass. they will bend the knee, literally kleros who?

>> No.13256980

I don't know why other tokens are behaving weirdly on bithumb but for link... Could it be that some people with leaked inside info are buying on bithumb instead of binance because they can't withdraw their funds from bithumb to buy on binance instead?

I had $10,000 stuck on bithumb then maybe I'd fomo it all into link, too. And maybe also buy on binance with any money I have that isn't stuck on bithumb.

>> No.13256993
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13256993

>>13256100
WTF BROS

>> No.13257091

>>13256259
>>13255962
>shilling your shitcoin with sub $4k daily volume

HAHAHAHAHAHAHAHAHAHAHA

>> No.13257159

>>13257091
Buy high sell low?

>>13256940
>literally who
One of the three crypto projects backed by Reuters. Do you know Reuters?
Also the project responsible for accepting tokens on Ethfinex. Do you know Bitfinex?

>> No.13257172

>>13255850
it's a shitcoin

>> No.13257263

team is suppressing the price to give as many people as possible to buy in before the big announcement in a few weeks and have a low entry point. they don't have accounts on bithumb so that's the real price.

>> No.13257355

>>13257263
Or they want hodlers to grow tired of not making money so they sell... They want as much supply bought back up as possible.

>> No.13257383

>>13257355
>Or they want hodlers to grow tired of not making money so they sell
fucking kek. who thinks like that? certainly not linkchads

>> No.13257403

>>13257355
Or they could just... fork it, you know. There is no network effect behind.

>> No.13257474

tfw you realize a billion tokens might not be enough to meet the demand

>> No.13257994
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13257994

>>13256100
>>13255868
When there is a dispute in the contract it goes to outside "jurors" to settle the claim. Imagine being this fucking retarded.

>> No.13258004
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13258004

>>13256100
The weak must fear the strong

>> No.13258038

>>13257994
Nope, a smart contract could ask, by default, the usage of a jurors dapp that apply game's theory and cryptocurrency to solve disputes. If you think you can solve all world's problems with a JSON parser, you are a brainlet. Are you smarter than Bitfinex and Reuters, already using Kleros?