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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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14819491 No.14819491 [Reply] [Original]

We have pretty much a 100% retracement of this recent rally. So fucking mad at the team right now for selling off such a huge amount into this opportunity for price discovery. I want some fucking transparency about how a tiny team can go through 32 million in two years. How much did the town crier acquisition cost? How much salary are the team members taking?

Assuming they have used their ICO money wisely and not like fucking assholes--- and that they continue to be fiscally responsible--- this selloff better add some huge fucking value to the project. It better be an acquisition that adds immense fundamental value and more than recovers the damage they did to the price by this move. The markets are slow to respond; the selloffs are not priced in yet. We have not seen the worst yet. Fucking assholes better deliver with this money.

>> No.14819513

>>14819491
24k support has been just broken, We're going straight to $1, no joke this time.

>> No.14819514

But isn't that mostly cuz btc is dumping and link is still a great project fundamentals haven't changed etc.

>> No.14819549

>>14819514
lol

>> No.14819563

They literally dumped at the worst possible time, it's like they were intentionally trying to break the $3.25 and $2.60 supports. Makes no sense whatsoever unless they have massive news tomorrow.

>> No.14819568

>>14819513
>24K support
Kek, was never support. Next support is 18K, and it was that since early July. Previous support was 26K btw

>> No.14819589

>>14819563
>using fiat for support
Not sure if ironic or just a brainlet

>> No.14819610

>>14819563
you're not factoring btc dumping
link is losing sats but not that many, the real thing fucking us is btc going from almost 14k to under 10k

>> No.14819634

>>14819563
Don't worry so much about FIAT right now. The entire market is shitting the bed thanks to Zuck the Cuck triggering fears.

>> No.14819636

Keep calm and let Sergey exit scam

>> No.14819648
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14819648

>>14819491
>using their ICO money wisely
>Fiscally responsible

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>> No.14819682

>>14819634
This is coordinated by the government. It's all a retarded show to get rid of the losers. Fuck them but also just fucking hold for fucks sake.

>> No.14819691

>>14819610
It's also shitting the bed sats-wise.
Pajeets exiting all markets in terror

>> No.14819699

>>14819634
Thanks, your low IQ take made the decision easier. Bye /biz/ have fun with literally 9gag and kikebookers posting on here.

Reddit out

>> No.14819721

I sold a qtr of my stack. Buyback orders from 1.2 - 1.7

>> No.14819737

>>14819648
Think about it for a minute, what would 99.9% of the world do if hundreds of millions of dollars were given to them. Theyd sell out hard

>> No.14819739
File: 422 KB, 1179x794, D3A3DD49-9730-440B-B307-46DF3FE68E56.jpg [View same] [iqdb] [saucenao] [google]
14819739

Haha links fall is just starting

>> No.14819744

>>14819699
You really don't believe boomers are pulling out right now?

>> No.14819749
File: 557 KB, 2048x2048, 1562887447488.png [View same] [iqdb] [saucenao] [google]
14819749

>he thinks partnerships are free
yikes

>> No.14819759

>>14819491
That's really sucks. 100% correction looks like PnD, but let's assume it's all because of BTC, and LINK real price is 3.3-3.5, what would happen if BTC goes 8k-7k, sub 2? Really?????

>> No.14819771

>>14819759
Yes? Don't be surprised when it happens.

>> No.14819827

>>14819491
>I want
Well you aren't gonna get it you baby bitch. They owe you nothing.

>> No.14819835

>>14819771
Why is it possible? Where do the money go?

>> No.14819854

>>14819491
>Mad at the team
You have absolutely no brain

>> No.14819866

>>14819568
24k was the strong resistance LINK tested 3 times.

>> No.14819878

This is perfect, I want to buy more.

>> No.14819952

Fucking Christ, you people talking about sub-$2, just shut the fuck up.

>> No.14819994

>>14819952
It can happen. If we break 2.2 support just by 1 cent - we go sub2 guaranteed

>> No.14820013

>>14819491
The team doesn’t give a shit. Think on longer timeframes than weeks

>> No.14820069

>>14819952
Check daily chart in LINK/USDT pair.

$1.5 is the target

>> No.14820089

>>14819491
Them selling didn't help but pretty much every other alt got slaughtered as well. This little BTC bull run was smoke and mirrors and now it's over. We're in a bear market til next year at least.

>> No.14820133

>>14819691
All alts are. BTC dominance is 67%. LINK is still #15 on CMC.

>> No.14820135

Test

>> No.14820164

>>14819835
Into the pockets of smarter men

>> No.14820199

>>14819491
its hard to question a team that consistently provides exactly what they say they will, everytime, on time. if you dont trust sergey by now, there is never going to be a company you can trust

>> No.14820300

>>14819854

Cool, thanks. Must be wonderful to live in your personal world of having zero normal human emotion.

>>14820013

I am. Haven't sold, and again am hoping that some big acquisition is being pushed through with this money. It will definitely not be announced tomorrow and probably not for a few months with associated legal considerations that have to be addressed.

>>14819749

You're correct, partnerships do cost money. There are probably huge expenses to courting companies and possibly payments for the actual partnership. That isn't even factoring in all the costs of participating in conventions with all the accompanying costs of team travel, marketing, merchandise, etc. I doubt they have in-house graphic designers or people working on their branding so there are additional large costs for that.

>> No.14820355

>>14819749

additionally, imagine how much legal counsel they've had to engage for everything they want to do as a company. That probably costs a huge amount. My point is that I'm willing to accept that it's easy to burn through 32mm in two years. But this money they're getting now better be put to further good use.

>> No.14820396

it's almost like sergey and co knew the market was about to shit the bed and decided to cash out

>> No.14820404

>>14819952
see you soon

>> No.14820414

Lol. Wait for sub $1 cuck OP. You ain’t seen nothing yet

>> No.14820442
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14820442

>>14820133
No worries here mate. Just can't figure out how "BTC dominance" is still a thing for crypto projects that in no way derive their value from BTC

>> No.14820591

>>14819491
>i want transparency
Then invest in stocks
Crypto is all chink scams and con artists

>> No.14820739

>>14820396
They held at some point 3 FUCKING BILLION DOLLARS.
They cashed out a measly $15 million.
Bearish af though.

>> No.14821171

>>14820164
Very smart answer, take a candy.