/biz/ - Business & Finance

[Anonymous No.16345315]

If the recent price action made you doubt the long term target of Link and BTC you are a cuck.

[Anonymous No.16345445]

why do you guys are so much about the usd price instead of satoshis? are you guys that new?

[Anonymous No.16345465]

>>16345445
Your mom

[Anonymous No.16345473]

>>16345315
what is the long term target for LINK? I can't imagine it will be worth more than 30$ in a 3 year time-frame. Consider how badly it's struggling to get even over 3$. A x10 is probably the most it can do in a general bullrun conditions, but unless they start delivering on usage that's probably the best case scenario. Convince me otherwise.

[Anonymous No.16345483]

>>16345315
I bought a considerable amount over the last few days of both LINK and BTC. I picked up some XTZ as well. Been a fun week.

[Anonymous No.16345492]

>>16345445
correlation is down to .85
in the crypto sphere that's decoupled

[Anonymous No.16345501]

>>16345473
>Convince me otherwise.
Do your own convincing faggot. If you are unsure about it just sell and fuck off

[Anonymous No.16345517]

>>16345473
lmfao link was 20 something cents at the start of this year. zoom out.
even now, normies already in crypto hardly know about smart contracts, let alone the oracles needed for them to function. link is hardly talked about in most circles.
read pic related to understand how early we are. the next crypto mania phase will not be about currencies, but smart contracts.

development is speeding up. mainnet will be finished sometime in 2020 and ready for enterprise usage. link will easily reach at least 3 digits at its blowoff top somewhere in 2021.

[Anonymous No.16345565]

>>16345517
Can we get an update on this graphic?

[Anonymous No.16345589]

>>16345565
it would be nice. it's not my graphic.
i would assume much hasn't changed. even the vast majority of articles written about chainlink this year have been because of its meteoric price action, while largely ignoring the underlying fundamentals which will send it to 3 digits and beyond in the next bullrun.

[Anonymous No.16345613]

>>16345445
Bitshit is a dinosaur donothing coin.

>>16345473
Do you really think it will take 3 years for a finished product? Openlaw is already demoing working product to banking/trading elites on private chains. In less than a month there's a full demo using Google cloud. Random devs are building insane proof of concepts over a weekend for a couple bucks in prizes, even in CL's "unfinished" form.

It's intellectually dishonest to say dumb shit like that. It's probably already done on the private pivotal, just doing the required security testing.

[Anonymous No.16345619]

>>16345517
there is a key distinction. normies care about currency and payments, smart contracts are completely irrelevant to most of population or above their heads even if made useful, it would take more than a decade for a normie to seriously consider using a smart contract whereas with online payments and online currency the interest is instantaneous. you'd need institutional interest for smart contracts to matter. and institutions are not going to FOMO like normies upon hearing online payments or online currency.

smart contracts don't map 1 to 1 with cryptocurrency, it's not a new thing out there for normies to consume. it's an elaboration upon a thing.

it's not as presentable as bitcoin or cryptocurrency. imagine a media piece about the former and then about smart contracts. it's not easily presentable, not easy to understand and not short and to the point so it has a limited appeal hype-wise to normies until it is already ready to use, easy to use and common to use. Which is decades away if not further if ever. I don't see that smart contracts can generate normie hype, it can generate hype among the money that is already invested and interested in crypto but the real make it or break it is institutions. It will take institutional interest (beyond just tip-toeing around the concept) to trigger normie hype. Institutional interest was not necessary to trigger normie hype around online currency or virtual coins or online payments etc.

[Anonymous No.16345661]

>>16345619
Except unless you're mentally retarded there already is institutional interest. Google, Oracle, Swift, Intel, and more. There are so many players waiting to step into this space once Link is fully functioning, which if you check the pivotal, will be within the next year.

And you could've said the same thing for cryptocurrencies in 2012. That's really how early we are. I wasn't around crypto then obviously, but ask anyone who was. Buying and storing BTC was a big hassle, sites were sketchy, and it was really discouraging.
All of this will happen quicker than you think.

[Anonymous No.16345712]

>>16345315
>I am so afraid look at this chart nonononono

The absolute state of nulinkers. I hope you all sold today. Please never buy link again

[Anonymous No.16345750]

>>16345619
That's a lot of words to type when you could just reply with the simple statement "I'm retarded".

CL isn't for public consumption, the fees are too high to use it as an everyday oracle for your knockoff grinder dapp.

Businesses don't get a choice for adoption, as soon as one 100mm+ revenue company tries SCs...every single company that can utilize trustless automatic executing contracts/agreements will be forced to use them...or go out of business in 6-24 months. Simple as that, this is like comparing the pony express to railroads. Haha people will never use railroads, they have to stop to let off passengers and goods at each station, it's inefficient compared to dedicated horse riders!

[Anonymous No.16345849]

>>16345712
What app is this?

[Anonymous No.16345870]

>>16345661
that institutional interest is moreso a "do your due dilligence" type of thing, a conceptual interest. if you had institutions asking Chainlink to "make this work for us right now" the price would already reflect it. We are not in that phase. Some blog posts, some announcements, some "yeah we have interest in that"...without anything concrete is not anything close. If you're a major player, you'd be an idiot not to look into the concept in order not to be left behind or to miss a good opportunity but that's far away from being really interested in using it. Normie hype won't begin until institutions openly declare that Chainlink figures SIGNIFICANTLY in their immediate plans, then it would snowball rather quickly and you might hit triple or even four digits. Who knows maybe even five digits down the road because there is no real ceiling if institutional usage begins.

But. Again I don't see the notion that elaborations of a concept like smart contracts (or an elaboration upon an elaboration like oracles) can trigger the same mania with normies as the baseline concept of a cryptocurrency. Best case scenario is another cryptocurrency mania with LINK doing well in that market...but I don't see a smart contract mania happening anytime soon or that being a trigger for general crypto mania unless institutions are the ones to trigger it.

[Anonymous No.16345886]

two words sunshine, ECHO. BUBBLE.

[Anonymous No.16345912]

>>16345849
Delta

[Anonymous No.16345930]

>>16345870
again you're retarded. you could've said the same thing for the internet in the early 90s or like i said before cryptocurrencies in 2012 or so.
that it's too complicated, normies won't understand it etc etc. you really have no clue how important smart contracts are.

as for actual enterprise usage, it's not just conceptual see >>16345613
all it will take is for 1 major company to get ahead by using smart contracts and the rest will FOMO in.

[Anonymous No.16345945]

>>16345315
This is the most bullish candle i've seen since the last capitulation candle.

We're gonna make it boys, just hodl and wait for Christmas. Buy these delicious sales as well