/biz/ - Business & Finance

[Anonymous No.13771386]

All the new people who have bought LINK from +60 cents have weak hands, don't understand the project's potential and care about its fundamentals, they only joined in on the mainnet pump and will sell after mainnet release.

First few months of mainnet are gonna be rough on true linkies. Centralized trusted nodes, no SWIFT outputs, no SGX, no staking, no linkpool, no reputation, no marketplace, few big clients ready for adoption beyond small scale PoCs. It's gonna take a while for the whole product to take shape, it'll be difficult to witness link dump back down below one dollar and falling in ranks while random shitcoins keep mooning.

Witnet, ironically, will (artificially) pump harder than LINK once their tokens become public. More decentralized oracles shitcoins will appear and the crypto community will slowly realize what's at stake.

Link will retain its first mover advantage and network effect and slowly but surely big players will join, now you have SGX and LINK recognized as the standard oracle of BaaS and private chains, price will rise again. Once staking kicks in and the community realizes it's even more lucrative than mining due to nodes being the middlemen between the API economy and the blockchain. It won't be a whitepaper concept anymore, it'll be reality, and the tokenomics will take link to the next level. There will be serious FUD along the way with the first attempts at breaking SGX and sybil attacks, some opportunistic low quality pools will appear. The juicy big derivatives contracts combined with the marketplace with hundreds of pre-made chainlinks allowing smart contract devs to quickly and easily produce real world connected, easily monetizable dapps for normie adoption will induce massive FOMO and take us to the moon.

[Anonymous No.13771406]

>>13771386
Nice fud.

[Anonymous No.13771484]

>>13771386
tldr
I guess you are trying to say that Link potential isn't next month.
But how you didn't know that before even buying it?
It will take few years. Everyone knows that. How come you just wake up?
Dollar or two dollar in June, it doesn't matter, full potential and price we will see maybe 2021+
You knew that before buying.
You knew that you will never get 40 cent link again, that's why you bought.
Why did you came back complaining?
This wasn't part of the plan, you all signed contracts to knowing full timetable.
Complaining wasn't in the contract and specific line states what we will do to you if this will continue.
Please, keep yourself calm and find other activity to do, turn of your internet and feed the chickens.
I repeat, keep yourself calm!

[Anonymous No.13771577]

>>13771386
I dump before the release

[Anonymous No.13771586]

>>13771484
>It will take few years. Everyone knows that. How come you just wake up?
I'm letting the newfags know and reminding the over enthusiastic short sighted linkies sniffing too much hopium
Hold that shit

[Anonymous No.13771616]

>>13771577
You're going to get rekt screencap this

[Anonymous No.13771634]

>>13771386
>no linkpool
false. You weak, pathetic homosexual.

[Anonymous No.13771640]

>>13771586
>short sighted linkies
kek

[Anonymous No.13771660]

I can only pray this is the reality. I sold my 10k stack, April of last year because of financial difficulties, but I'm slowly buying back in. I'm one of the OG skillets, I was on BIZ when the ICO finished and it was available on ETHDELTA. I was one of the people robbed by the malicious tumblr link..

I've done so much research, I know I'm still in early, I feel like I need to find shitcoins to swing a bit of money around in to try to increase my link stacks but so far I'm just buying right back straight into link.

Please pray for me brothers, I will not lose faith

[Anonymous No.13771709]

>>13771660
Same lad, I had 338k. Held it all from Jan 2018 without swinging or touching. Then sold 288k to short btc at 4.2k on leverage since that massive wallet moved and everything was pointing to a dump. Well I got absolutely rekt.

Every cent of price increase makes me feel nauseous. But realistically it’s likely to dump back down after mainnet + tether has still yet to collapse. Just need to be patient, the reality is we will go back down to below .5 in all likelihood

[Anonymous No.13771728]

>>13771709
>the reality is we will go back down to below .5 in all likelihood

You wish. This rocket is leaving the pad.

[Anonymous No.13771800]

>>13771709
>Shorting the bottom AND selling LINK for it
Jesus christ anon I feel bad for you but come on

[Anonymous No.13771875]

>>13771386

Then explain why oraclize bended the knee, your arguments falls apart

[Anonymous No.13771894]

>>13771709

> But realistically it’s likely to dump back down after mainnet + tether has still yet to collapse.

you are either retarded or a newfag, tether won't collapse because they will just cover their tracks printing even more tether and driving btc even higher, tether will collapse unironically when btc hits 100k

[Anonymous No.13771934]

>>13771728
>>13771800
>>13771894
I will sell the remainder of my 50k link right before mainnet released, enjoy the cash for a year, and then buy your bags at the bottom of the next financial crisis.

Screen cap this because I’m going to repost for you moonboys to sell into my hands when you’re trying to pay rent and crypto liquidity has dried up

>>13771894
>t. Retard

[Anonymous No.13771975]

>>13771934

t. Timo

>thinking Link will follow the same pattern that all the ICO's that were scams
>not realizing Link is the only ICO that has reached again his ATH

[Anonymous No.13772002]

>>13771934
>when you’re trying to pay rent and crypto liquidity has dried up
Tough shit cuz I'm never selling. I will move back in with my parents before I sell my linkies.

[Anonymous No.13772032]

>>13771386
Stopped caring as soon as you mentioned Witnet.

[Anonymous No.13772194]

>>13771709
hard to believe a retard like you actually had 338k link. Your wishful thinking of sub $0.5 only validates how fucked up you are. A guy who made such tremendous mistakes such as shorting the bottom with the profits from his LINK and getting, rightly so, devasted has no place to voice his opinion here. You suck. Accept it and shut the fuck up.

[Anonymous No.13772294]

>>13771386
You are right.
I learnt it the hard way: ALWAYS SELL THE MAINNET
Because that's when the project stop to be speculation and collides with the slow and harsh reality.

[Anonymous No.13772344]

>>13771386
This is the probably with /biz/ thinking - it can be too analytical at times. What will drive short-term FOMO are big names indicating that they will interact with Chainlink. That could well be coming by the 30th. Remember that ETH still isn't *really* used - well certainly not to anywhere approaching its potential. EEA annoucements from Microsoft were what did it.

Marley Grey
Yorke E. Rhodes

[Anonymous No.13772352]

>>13772344
Problem*

[Anonymous No.13772380]

>>13771709
Oh my goodness. I'm stupid but YOU are another level of dumb.

[Anonymous No.13772683]

>>13772194
I’m going to end up with more link than Sergey or Steve. I will come back as your overlord within two years time. I’m screencapping your post and my reply. You and everyone on this board is going to be my bitch faggot

[Anonymous No.13772870]

Im at the point that i dont even care about the fud. Even if some legit FUD came up that legitmately could fuck chainlink for good I wouldnt even care. Ive been too brain damaged by this board to care even if it fails and will go down with the ship regardless. I actually wont even be really actually excited until it hits probably 500$. If Link goes to 300$ and then slams back down to 50$ I literally wont give a fuck. Because I know it will go to $1,000

And if it truly does fail fail I'll be just as happy as if it goes to $1,000 because it will be hilarious to see you guys kill yourselves.

[Anonymous No.13773033]

Nolinkers are faggots and will get the rope

[Anonymous No.13773307]

Imagine the price of LINK exploding from sub $2 to thousands of dollars.

Fap to the sigil and watch the rise continue
>>13773262

[Anonymous No.13773457]

>>13771386
>First few months of mainnet are gonna be rough on true linkies. Centralized trusted nodes, no SWIFT outputs, no SGX, no staking, no linkpool, no reputation, no marketplace, few big clients ready for adoption beyond small scale PoCs. It's gonna take a while for the whole product to take shape, it'll be difficult to witness link dump back down below one dollar and falling in ranks while random shitcoins keep mooning.
unironically this

[Anonymous No.13773631]

>>13772870
This. I will hold my bags to 0 or 1k.

[Anonymous No.13773675]

>>13772870
>tfw too retarded to not make it

[Anonymous No.13774024]

>>13773631
A binary trading strategy

[Anonymous No.13774094]

>>13771709
I hope you've got someone who checks up on you regularly

[Anonymous No.13774270]

Heres my rough estimate on what I think future price action will look like for chainlink. Theres nothing really technical about this graph other then my gut feeling and experience in witnessing crypto market cycles. Of course, exact price point and exact dates will always be difficult to nail, but this is my prediction.

First off, I don't think LINK will dump immediately on mainnet like everyone here thinks. I believe there will be immediate network usage for price feeds, and you will be able to witness a (small) level of ROI for staking your tokens. This will excite investors because most mainnets (like REQ or Vechain) had little to no use, so there was no incentive to hold the token. I think speculation will drive price a bit higher to $3 a token sometime shortly after mainnet release.

From there, price will slowly bleed out and correct to $1.50, noted by the yellow circle. Most investors who are buying now will get tired of waiting and sell off, chasing other shitcoin pumps looking for the next LINK 100% gain they made. This will be the most difficult times. But those that hold will be rewarded massively in 2020.

Link will never be below $1 again. Cap this, save it, do whatever you want with it. accumulation is done. We just wait and wither it out until the real movement arrives. My only worry is needing to liquidate as emergency money, I have $4k set aside as an emergency fund just so I don't have to liquidate a single link until then.

[Anonymous No.13774310]

>>13774270
If tether blows up and btc drops below 1k, you honestly believe link won’t retrace to ico prices? How delusional are you? Most alts will go straight to 0

[Anonymous No.13774339]

>>13774270
Yea, if. Ive heard this same tether shit for the past 3 years. BTC could also go to $0 tomorrow and we all lose out. You could be hit by a bus when you walk outside your house tomorrow.

No point in banking on these IF's

[Anonymous No.13774348]

>>13771386
based. 60 cents is really the newfag cutoff

[Anonymous No.13774349]

>>13774339
>>13774310
wrong reply

[Anonymous No.13774350]

>>13774339
Except now the AG lawsuit is in motion. Do you think banks are just going to let btc moon?

[Anonymous No.13774375]

>>13774350
If I get blindsided like that then fuck it, take my money. I'm not going to factor every single possible "what if" doomsday scenario into my investment decisions.

[Anonymous No.13774419]

>>13771709
>Someone retarded enough to sell LINK to SHORT BTC at 4.2k
>Giving advice on "likelihoods"

Is this where the 'just bought 100k' meme comes from?

[Anonymous No.13774822]

>>13771386
>Witnet, ironica
Why anon. This nullifies all the hard work you put into the fud.