/biz/ - Business & Finance

[Anonymous No.16140417]

Anyone here in constant disbelief at how underpriced LINK is? It's like sitting on a gold mine where you haven't gotten a permit to shovel just yet. The only thing you can do for the moment is buy more equipment until the green light.

[Anonymous No.16140454]

>>16140417
The thing about that green light? It's tomorrow. Well done for getting your ducks in a row because tomorrow your life starts. You won't be asking what you'll do with all your money, you'll be wondering WHO will be your fund manager.

[Anonymous No.16140476]

Why not take some link gains and throw it into acrl , you an actual gold company that is run by David berry the world’s greatest gold trader

[Anonymous No.16140490]

>>16140454
Fund manager? I’ll be my own fund manager once link oracles power defi lending and make them trust worthy

[Anonymous No.16140491]

>>16140417
explain deribatibs? and how chainlink make deribabits

[Anonymous No.16140510]

>>16140490
>Trustworthy
He doesn't know

[Anonymous No.16140520]

>>16140490
Why? What a waste of time for you. You're going to be on a beach sipping a cocktail

[Anonymous No.16140522]

>>16140510
It's still trust worthy even if it's trust less

[Anonymous No.16140523]

>>16140417
You guys really think Chainlink will capture a significant percentage of the Derivatives market?

[Anonymous No.16140541]

I'm sitting comfy with my 1k make it stack. 10k+ larpers not welcome

[Anonymous No.16140589]

>>16140454
>The thing about that green light? It's tomorrow. Well done for getting your ducks in a row because tomorrow your life starts. You won't be asking what you'll do with all your money, you'll be wondering WHO will be your fund manager.

i dont know how many times ive read this. this is all so tiresome and it's making me depressed.

[Anonymous No.16140664]

how does stinkers counter this fud?
>run node(s)
>push real data for year(s)
>build a good reputation
>one day push tons of fake data
>countertrade it in derivatives market
>escape with millions or more of $

[Anonymous No.16140677]

>>16140523
Yes. My argument: if you watch old Sergey videos, he has explicitly stated he wants to get involved with derivatives, he said it a million times in every interview.

Sergey isn't trying to make the next Paypal, he's trying to bring time to settlement down from 1 week to 1 day (derivatives, but other securities also, etc)

[Anonymous No.16140705]

>>16140664
The link traded will have to be worth more than the trade itself

Collateral has to be worth more

[Anonymous No.16140936]

>>16140541
50k stack here, cope more

[Anonymous No.16141042]

>>16140417
Delusion

[Anonymous No.16141049]

>>16140454
based aussie wagecuck

[Anonymous No.16141067]

>>16140664
https://aws.amazon.com/marketplace/pp/ConsenSys-Kaleido-Enterprise-Blockchain-SaaS/B07CSLDS7R
they have every piece of the puzzle.

[Anonymous No.16141083]

>>16140664
the whole point of a decentralized oracle network is that it isnt reliant on one source of data, but many. Youre literally proving why chainlink is necessary with your own fud

[Anonymous No.16141111]

>>16140454
what's happening tomorrow?

[Anonymous No.16141122]

>>16141111
Another larp just like this one.

[Anonymous No.16141137]

>>16141083
this lol

[Anonymous No.16141144]

>>16140523
"capture" no--service, yes. chainlink oracles will be used for derivatives

[Anonymous No.16141146]

>>16140664
You’ll immediatey be outed as a shitty node by all the other nodes in the contract and lose your stake and reputation.

[Anonymous No.16141150]

>>16140417
I think we need tangible adoption to break 5-10 dollars, we will get there soon but the next few months may not be as bullish as the last ones

[Anonymous No.16141191]

>>16141150
I kind of agree but tangible adoption in this shit doesn't mean much. I think it would just take some very bullish news of potential adoption.

[Anonymous No.16141192]

>>16140417
> no usage
> under-priced
pick one, sanjay

[Anonymous No.16141196]

>>16141111
Absolutely nothing. We will continue to crab between 2.40 and 3.10 for the next 6-12 months until substantial news of staking is released, then you will see a pump to around $9 and then a bleed back to the $5-7 mark. Once there is news of actual integration and adoption you will see a pump to $15-20. It'll move in this range until major companies release news of integration and mainstream exposure begins. This is when things start to go parabolic and is still at least 2 years away.

[Anonymous No.16141207]

>>16141111
Also checked

[Anonymous No.16141222]

>>16141150
remember that we were saying the same shit right before the google blog post and the coinbase listing. Anything can be announced at any time and it consistently happens right under the nose of this army of breadcrumb autists

[Anonymous No.16141245]

>>16140454
Shhh let them sell.

[Anonymous No.16141273]

>>16141222
The problem is that until there is some sort of adoption, or at the very least news of confirmed adoption, link is overvalued. I'll get a bunch of faggots telling me I'm a retard but I dont give a fuck how good an idea or concept is, it's not worth shit I'd nobody uses it. Its hit a major resistance at $3 that's not going to be broken until something substantial happens.

[Anonymous No.16141296]

>stinklets actually thinking that the price of Link (or any other crypto) has anything to do with fundamentals

[Anonymous No.16141298]

i got the impression from the last sergey presentation thing where he was sitting on the couch with the 0x guy that they're basically forced to wait for the DeFi space to grow before they can run the numbers sky high with chainlink. so sergey is just boredly waiting for the rest of crypto to get their shit together. he's probably rolling his eyes at ethereum's retardation the last couple years.

[Anonymous No.16141326]

>>16141273
only its the fact that there has been news of adoption keeping us in the current price range/pumping during a btc bear market. you just haven't been paying attention or you're deliberately fudding. no more spoon feeding.

[Anonymous No.16141327]

>>16140523
It doesn’t even need to be a significant amount of the derivatives market kek.

[Anonymous No.16141333]

>>16141298
Ethereum killed chainlink

[Anonymous No.16141346]

>>16140705
You can use leveraged futures to bypass that
LINK collateral is determined by the underlying, not the future

[Anonymous No.16141347]

>>16141273
>overvalued
Now do the rest of the CMC top 20

[Anonymous No.16141373]

>>16140664
Have you guys even read the whitepaper? Wtf

[Anonymous No.16141411]

>>16141326
News of adoption =/= adoption. Actual adoption and staking will be needed to break out of $3-5

[Anonymous No.16141424]

>>16141411
this is just speculation the price might not change one bit

[Anonymous No.16141436]

>>16141327
but the idea that link will 'capture' some percentage of the derivatives market is incorrect, I think.

If you look at synthetix (currently the leading blockchain derivative exchange), it seems really unlikely to me that node operators will need an equivalent amount of collateral to the underlying contract. The smart contract only calls the oracle when the offsetting trades settled, IIRC. So the trader would be paying LINK once when the contract closes, and I can't imagine I'd care that much about having 100 nodes with $100k in collateral, as I'd just want the cheapest 'gas' for the transaction.

Right now, trading decentralized derivatives isn't super exciting, nor does it hold that many advantages over centralized trading. But it is an interesting part of the smart contract stack and we'll see where it goes in the future. But people who thinks this means a ton in the short term don't actually use this shit.

[Anonymous No.16141442]

>>16141333
chainlink will run on any chain, so no, this makes no sense. ethereum killed itself. im a large holder of ETH and even i sort of spitefully want them to fail at this point.

[Anonymous No.16141445]

>>16140454
We've gone from tonightposting to tomorrowposting

[Anonymous No.16141446]

>>16141347
No shit. The entire crypto space is full of overvalued shitcoins that are propped up by pajeets and p&d groups. Doesn't change the fact that fudders who claim that link has zero users are currently correct. It's going to require actual use to go much higher. Speculation will only take us so far.

[Anonymous No.16141465]

>>16141424
True. Its entirely possible that 4.50 was the ath and that nothing will take us higher. Its HIGHLY unlikely that is the case but for all I know the company is being mismanaged and run into the ground.

[Anonymous No.16141472]

>>16141436
i genuinely expect that it will quickly catch on. this isn't some retarded ethereum furry commie dream. it will simply reduce risk and save money for big banks to use decentralized contracts for certain financial tools. they wish this existed back in 2008 when they could have used it for default credit swaps.

[Anonymous No.16141487]

credit default swaps i mean

[Anonymous No.16141495]

>>16140417
shitcoin that's never been attacked, undervalued...

[Anonymous No.16141535]

I want to believe in 100k per Chainlink.

[Anonymous No.16141579]

>>16141446
So it will just go sideways until staking or some other thing in 1-2 years and then finally dump?

[Anonymous No.16141583]

>>16141424
You haven't tried out any dapp that uses Chainlink oracles. The amount of gas you need and the amount of Link you need to get anything done. Anything. it's gonna pump the price.

[Anonymous No.16141594]

>>16141436
You are so fucking wrong. Synthetix already announced they are switching to chainlink. In fact they are reorganizing the way their platform processes orders just to do exactly that. And price updates depend on price movement itself, so lots of calls.
Where the fuck do you guys even get your info. Read the githubs.

[Anonymous No.16141602]

>>16140454
TONIGHT

[Anonymous No.16141640]

>>16141472
>>16141487
This anon gets it

[Anonymous No.16141648]

>>16141594
did you even read my comment you retard? I understand everything you wrote.

That does not mean the value of the underlying contracts will somehow be reflected in links price.

[Anonymous No.16141677]

>>16141640
are you personaly interested in using crypto derivatives or are you banking on other people wanting to use them? For p2p applications I think they're pretty intriguing but I'm not totally sold on the idea of institutions being interest in them. Settlement for OTC contracts will be a big deal but I think traders will prefer current centralized exchanges.

[Anonymous No.16141702]

>>16141579
It'll crab until there is actual value created. There will likely be small pumps related to news but it wont break $5-7 unt something substantial happens. If no value is ever produced then the project has failed and it will dump as people exit.

[Anonymous No.16141747]

>>16141702
So $3-4 is almost guaranteed? Why aren't people buying? Its literally free money

[Anonymous No.16141828]

>>16141747
> Rent free

[Anonymous No.16141829]

>>16141747
Nothing is guaranteed, that's the nature of investing. However, I think that $4-5 is highly likely in the next 4-6 months and that it will eventually be a large success. I don't actually see it hitting $1000 but $150-$400 is entirely reasonable, maybe more, if it sees the massive industry adoption that is shilled here.

[Anonymous No.16141848]

>too expensive to buy more considering what i initially paid
>too cheap to make it off of

End my suffering. Im just ganna buy more tho. Im at 14k is the $2700 worth it to get to 15k links?

[Anonymous No.16142005]

>>16141848
Honestly I'd kill to have 14k. I only came here a few times in the past 2 years and never once saw anything about link until I stopped by a month ago. I emptied my bank account and dumped it all in link. I've only got 1.2k and am trying to find ways to buy more. You should be feeling pretty comfy anon

[Anonymous No.16142031]

>>16141829
4-5$ is highly likely in the next month you mean, if staking is out by then 10$ is more likely even

[Anonymous No.16142064]

>>16141848
is there much difference between 14 and 15 million USD?

[Anonymous No.16142067]

>>16142031
No if all we keep getting is conferences and events with no real news the price will continue to do what it's done for the last month. Itll pump in anticipation and bleed off and dump once the hype dies down. Theres nothing to indicate that staking is coming this month and I dont think that staking will pump the price more than $2-3. Real pumps wont come until people are actually using chainlink.

[Anonymous No.16142092]

>>16140589
That’s the whole point of these posts. It’s subtle fud. Stay strong marine

[Anonymous No.16142141]

>>16142005
Step 1: buy kneepads
Step 2:???
Step 3: profit

[Anonymous No.16142153]

>>16141111

[Anonymous No.16142165]

>>16142067
No nufag, we dont rely on people pumping our bags, institutions will pump our bags. It's been decided since decades

[Anonymous No.16142262]

>>16142165
Which will take actual use and adoption faggot. Institutions aren't pumping shit on rumors.

[Anonymous No.16142321]

>>16141436
>I'd just want the cheapest 'gas' for the transaction.

Yeah bc you’re just playing with your lunch money. What if you were designing derivatives contracts where millions of dollars change hands? Think you might give a shit then?

[Anonymous No.16142327]

>>16142262
sounds like youve got it all figured out. swing and see what happens.

[Anonymous No.16142354]

>>16141848

Same dude, 14k linklet. My cost basis is 45 cents though, I can’t stomach paying these high prices to grow my stack.

[Anonymous No.16142358]

>>16140664
>Your nodes' data gets rejected as outlier and anomalous
>you get penalised
>derivatives priced accurately
>you lose money from both your staking node and on your derivative position

Good plan, brainlet.

[Anonymous No.16142390]

>>16142327
Have been this last month with pretty good success considering it's been following the exact same pump to $3 before a conference or announcement followed by a dump to at least 2.60. Thanks for providing an actual counterargument though.

[Anonymous No.16142407]

>>16141111
Checked, this tonight (now tomorrow) posting is subtle fud.
Service agreements are pushed back to early 2020, there cannot be derivatives til then.
>>16140454
Again, stop this stuff, nothing is happening until service agreements, and then we need staking, and then there needs to be a period of actual testing on the public chain before anyone officially rolls out their inclusion of link. Smart businesses will use it, others will bend the knee, but it is not happening tomorrow or this month. Linklets should be worried when service agreements are done, until then everyday will be a nothing burger.
If derivatives actually happen without service agreements then they really should just use a json parser, staking is what makes link superior.

[Anonymous No.16142444]

>>16142031
Staking needs service agreements, service agreements are delayed to early 2020, my bet is end of quarter 1 since CL likes to make announcements near the end of quarters, we can all wait a but, we’ve waited for years what’s another 4-5 months

[Anonymous No.16142570]

>>16141083
so based

[Anonymous No.16142595]

>>16142444
true, i can wait a bit more

t block 74 checking in for people who know what that means

[Anonymous No.16142724]

>>16141472
How would this reduce risk for credit default swaps? 2008 happened because banks fundementally misunderstood the risk surrounding the real estate market and all of the securities dependent on the real estate market. Not because credit fault swaps were not executed via smart contracts.

[Anonymous No.16142753]

>>16142724
> They didn't know
They forgot to check or are lazy?

[Anonymous No.16142758]

>>16140454
LARP one more fucking time biz, I dare you

[Anonymous No.16142777]

>>16141677
>Settlement for OTC contracts will be a big deal but I think traders will prefer current centralized exchanges.

Did you read this?

https://blog.chain.link/solving-deep-seeded-trust-problems-in-derivatives-using-chainlink-enabled-smart-contracts/

The majority of trades happens OTC according to this blog post.

[Anonymous No.16142782]

RLC is a scam I would not buy into it.

[Anonymous No.16142785]

>>16140454
its in 3 days you retard

[Anonymous No.16142789]

>tfw I could have been a whale
>Now I'm just a 3.7k linklet

[Anonymous No.16142820]

>>16142753
The main reason for the recession was that EVERYONE thought that different real estate regions were uncorrelated to each other. So you could reduce risk by holding securities that had mortgages from California, Texas, Montana, New York, etc.

This assumption was wrong. Housing prices were correlated. Bankers were not lazy or evil (as a whole). They and our federal government were just wrong.

So Chainlink would not have prevented this.

[Anonymous No.16142824]

>>16142777
Fucking checked. Yeah these industries are in dire need of upgrade. Link is probably the best solution Assblaster said so.

[Anonymous No.16142864]

>>16142785
Nov 6 London time around lunch
>>16142820
Well if the big short is realistic people would have been able to see what transactions were happening and argue about it with evidence. I think at the very least it would have promoted discussion.

[Anonymous No.16142923]

Dont worry bros. Bune is pumping for me. LINK, DAI, BTC

[Anonymous No.16142945]

>>16140454
shut the fuck up

[Anonymous No.16142975]

>>16142923
Nice bune is my guardian, She's not disgusting looking at all as the jews would let you believe, In my dreams she's beautiful 1950's cleopatra. She got me 10,000$ USD after I did some free advertising and some shitposting dissing the jews online. I usually take 1$ bills and leave her sigil on them and leave them in a parking lot.

[Anonymous No.16143037]

>>16142031
Staking isn't until 2021

[Anonymous No.16143696]

>>16140491
Someone correct me if im a retard but i think they are just trying to simply use smart contracts for derivatives to further decentralize things in the financial world.

[Anonymous No.16143717]

>>16140454
kek this is the ultimate fud. get stinkies riled up every night to think they can retire tomorrow, only for them to find out nothing happened. Rinse and repeat and watch the despair compound on itself.

[Anonymous No.16143781]

>>16142864
Lunch time is best time.

[Anonymous No.16143897]

>>16143696
No. It's the automation, trustless execution, and significant reduction in processing time.

Otc trades take tens of people, hands on/eyes on, going back and forth: calling, emailing, faxing. This puts derivatives in a space that a low level algorithm can automate all that with minor approval oversite at the very end.

With no backing out, or dragging feet...and the legal fees that come with that.

In a time-frame for payments/settlements that will take seconds to a minute. The normal turnaround time now is 15 business days, with about army of accountants on both ends to rubber stamp it through.

Openlaw estimates even the most basic of trade contracts to cost 5k+ with salaries and legal costs. Anything with some slight complexity is 20k and up. Smart contracts cost a couple gwei and 5 bucks in link per contract. A 99.5% decrease in operating expenses, in 1/27000th the time.

Now we adjust that to only 60% savings, the Jews are happy...and link is in the few hundreds overnight, when you can make 50 bucks per node operator per contract X 20mill contracts a day+.

[Anonymous No.16144402]

>>16143897
Bump for this comment

[Anonymous No.16144438]

>>16143897

[Anonymous No.16144472]

>>16143897
Here comes the choo choo! Open wide my little linklets, mmmmm.

[Anonymous No.16144547]

>>16143897
>the Jews are happy
Wrong. The jews are never happy.

[Anonymous No.16144677]

>>16143897
sauce on milk maiden?

[Anonymous No.16144755]

>>16144677

[Anonymous No.16144790]

>>16144677
back off thats my gf

[Anonymous No.16144797]

>>16144677
You zoomerniggers need to learn how to reverse image search

>>16144547
They get to fire/turn 90% of their office drones into welfare dependant goysumers. This setup will placate them long enough for me to make enough money to retire early 30's...I don't give a fuck after that

[Anonymous No.16144817]

>>16143897
STOP SPOONFEEDING THE LINKLETS REEEEEEEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.16144826]

>>16144797
Staking needs to be implemented first right?

[Anonymous No.16144835]

>>16144826
It's spelt "steaking"

[Anonymous No.16144849]

Imagine thinking it’s not happening this week lmao

[Anonymous No.16144857]

>>16140541
50k stack and 1LP share
Feelin like I’m about to make it guise

[Anonymous No.16144859]

>>16144835
Dialate

[Anonymous No.16144861]

>>16144849
> ROUND EYE INTERFACE
bearish for chinks

[Anonymous No.16144865]

>>16144797
That's good man. Retire, get a nice house on the hill, watch the world burn. The view is what's important.

[Anonymous No.16144878]

>>16144859
Kys nufag

[Anonymous No.16144882]

>>16141111
>>16141222
>>16141333
>>16142444
>>16142777
Checking these quads and trips, crazy

[Anonymous No.16144914]

>>16141196
Staking is eoy shithead

[Anonymous No.16145006]

>>16141196
Speculation alone will take link past $50

[Anonymous No.16145028]

I've undergone a paradigm shift since first hearing Sergey speak: whenever I buy something I think about how much LINK I could've bought instead.

[Anonymous No.16145041]

>>16144865
The hill won't be for the view, just as a tactical upper ground. I'm building a bunker. Fuck niggers, trannies, jannies, and "God's chosen"...they can kill each other while I never work again and hang out here all day being comfy as fuck.

[Anonymous No.16145319]

>>16140523
>think
anon where have you been these past 2 years?

[Anonymous No.16145509]

>>16142975
Repent and believe in Jesus you heathens

[Anonymous No.16145525]

>>16144438
Lol thanks for this one

[Anonymous No.16145581]

>>16140454
he got a little tipsy at the open bar nearby he paid for recently at one talk. i told him i was an investor and he kept saying 'good. good. thats great.' Later on he came by and said 'you should buy more' and was kind of laughing and looking around as he walked away.

[Anonymous No.16145601]

I've pretty much given up on this memecoin, but I have 5k linkies that I'm holding. It seems unlikely the value will go below my buy point (or if it seems to actually be dying maybe I'll sell). I think most cryptos are a scam outside of BTC but I hope LINK proves me wrong.

[Anonymous No.16145602]

>>16145041
Who is this fine specimen?

[Anonymous No.16145650]

>>16141196
Liquidity is drying up on exchanges. There isn't much link left on the market to buy. Q4 or Q1 2020 is when staking begins. Will we have a Merry Christmas?

[Anonymous No.16145735]

>>16145602
Type in whore on instagram, it will probably pop up.

[Anonymous No.16145864]

>>16140417
I'ts overpriced. Absolutely no reason this should be worth any more than $.35 a token. When 9/10 threads on here are about link, you have a constant. That constant is pump or dump groups shilling the fuck out of it. They partnered with this. They partnered with that. Staking OMG. Oracles! Woohoo! Sergey has connections to big capital fundraising firms. There's no concrete reason for Chainlink tokens to be worth a damn and increase in value in ratio with Bitcoin or other true cryptocurrencies.

[Anonymous No.16146459]

>>16141333
Ethereum: the chainlink execution network

[Anonymous No.16147018]

>>16140417
>>16146459
>12 months test net
>4 months main net
>nobody can name a single dapp with users using Chainlink oracles in production
>Linkers: this is bullish!

[Anonymous No.16147198]

>>16146459
>Ethereum: the chainlink execution network
Beautiful