What does the upcoming “recession” mean for chainlink?

[Anonymous No.16482261]

If there is going to be any recession at all

[Anonymous No.16482267]

increases demand

[Anonymous No.16482283]

>>16482261
It is literally dumping right now

[Anonymous No.16482287]

>>16482267
>increases demand
Why? Sorry I’m financially retarded

[Anonymous No.16482301]

>>16482287
LINK will be used to facilitate the trasnfer of contracts between all these banks and other financial institutions, when the next crash actually happens there will be hundreds of billions of dollars being moved around every hour, in the form of derivatives.

[Anonymous No.16482325]

it's easier to build the new system on top of the ruins of the old system, so it's a very positive thing for link

[Anonymous No.16482331]

>>16482287
It will save money for large companies and banks

[Anonymous No.16482338]

as long as its not complete collapse (it probably won't be) it'll be good for link

[Anonymous No.16482344]

>>16482338
It will not just be good, it will be great, it will be the thing that literally makes it go up hundreds of dollars a day per token.

[Anonymous No.16482383]

>>16482261
Honestly, real Pajeet Marines don't worry about these sort of Jewish threats.

[Anonymous No.16482387]

>>16482287
The amount of money a solid smartcontracts network can save for these big guys is absurd, you cant even fully quantify it

As soon as the first one start using it, every one is gonna have to make the jump, or die

[Anonymous No.16482464]

>>16482387
>>16482344
>>16482338
>>16482325
>>16482301
Interesting. Thanks for actual insight instead of Punjabi tier he-she posting

[Anonymous No.16482467]

There is no upcoming recession. Don't be fooled by people trying to manipulate you

[Anonymous No.16482536]

>>16482261
>Companies gaining a huge incentive to cut costs.
>Chainlink
I wonder

[Anonymous No.16482699]

>>16482467
That’s why I put parentheses around the word “recession”

Should be more like (((recession))) actually

[Anonymous No.16482973]

>>16482467
And you are?

[Anonymous No.16483007]

>>16482267
This

>>16482287
Because the dollar, bonds, stocks, and all crypto except link will be discredited

>>16482325
Based

>>16482467
Tru, the jews simply can't afford a recession right now, since they know the decent economy is the only thing preventing a revolution at this point

[Anonymous No.16483037]

>>16482536
lmao people getting put out of jobs due to recession/automation
>linkies dont care
>pumps linkies bags

thats sweet justice for neets treated unfairly most of their life to leap ahead of all business chads KEK

[Anonymous No.16483130]

>>16482344
Wouldn't it be hard to cash out for burgers at that point, though? Like, if you're saying what I think you're saying we'd be looking at an end point far beyond the oft quoted $1000 EOY, and I can't imagine a large group of NEETs cashing out millions of dollars all at the same time would be feasible during an economic hard time.

I am operating off extremely poor information about how recessions work, however.

[Anonymous No.16483159]

>>16482301
The banks love this but are still working on how to rid of neets that hoarded link at $0.20-0.40

[Anonymous No.16483198]

>>16483130
Who is cashing out?

[Anonymous No.16483299]

>>16483198
...anyone looking to make a profit off LINK? I dont understand your question.

[Anonymous No.16483365]

>>16483299
>selling link
Good 1

[Anonymous No.16483433]

>recession
>upcoming
>implying 25 years is coming

Not even halfway through the golden bull in equities despite what (((pic related))) may try to convince you of

[Anonymous No.16483447]

>>16483130
you dont sell link

[Anonymous No.16483458]

>>16482261
Chainlink is the ultimate hedge against any sector of the economy and yet it is poised to represent the GDP of the fuckin planet.

[Anonymous No.16483477]

>>16483130
Neets wont be cashing out. And even if they did it would barely have an impact in the overall value.

[Anonymous No.16483479]

>highly speculative asset ran by a small start-up with no fundamental value
what do you think

[Anonymous No.16483553]

>>16482301
Agreed. They’ll need to cut overhead immediately to stay afloat. The only question is, will they have enough time to implement smart contracts

Also only idiots will cash out of link. The smart move would be to diversify into BTC and ETH, but only after link hits 1000, unironically speaking

[Anonymous No.16483665]

>>16482467
yeah for sure, and the ECB is dumping billions of euros weekly to the market to keep it afloat, while also selling out all of its 30-year long NEGATIVE yield bonds to banks.

And that the federal reserve is dumping 100s of billions of dollars every other day in loans/bonds to banks or just pure fucking cash to the stock/derivative market to keep it alive.

Yeah no crash, we are totally fine, nothing to worry about, just usual normal spending of imaginary money that has been created from nothing without any collateral yea totally fine

[Anonymous No.16483687]

global market is going to crash and burn, BANKS will fall, EUR AND USD WILL FALL.
buy ANY top 20 crypto by mcap and you will retain value of your money.

[Anonymous No.16483744]

>>16483479
I’m pretty sure by the time (((recession))) comes link will have matured enough to take in profit you peabrain

[Anonymous No.16483753]

>>16483159
They will never be able to. I already sold a decent chunk of LINK, got the rest on a hardware wallet, the only way they see the rest is if they pump it to insane levels.

[Anonymous No.16483764]

>>16483553
Precious metals as well.

[Anonymous No.16483837]

>>16483665
This is a good point. The stock market is a sham. So what’s the point of SNX if it’s based on nothing. If the stock market fails so will SNX and all other blockchain around it. Why are people so bullish on blockchain being adopted by the financial world ?

>>16483764
Society could start trading in gold dust.

[Anonymous No.16483952]

>>16483837
>>16483764
yeah and who the fuck carries around a mg weighing scale?

[Anonymous No.16483988]

>>16483198
>>16483447
>>16483477
How would anons that don't cash out realize gains then? Everyone invested money into link expecting an ROI.

[Anonymous No.16484023]

>>16483952
Drug dealer

[Anonymous No.16484102]

>>16483952
That is how previous societies traded.

[Anonymous No.16484141]

>>16484102
well with the technology we have now, no one would be willing to trade and give a 500mg tip when buy shit with gold dust, so no, it wouldnt be convenient and thus it would be just trade things for things

[Anonymous No.16484605]

>>16483988
checked

[Anonymous No.16484851]

>>16484141
If the dollar becomes worthless how will common people trade ?

[Anonymous No.16484920]

>>16483665
>Yeah no crash, we are totally fine, nothing to worry about, just usual normal spending of imaginary money that has been created from nothing without any collateral yea totally fine
This but unironically

[Anonymous No.16485005]

>>16482287
Everyone is being retarded, crypto is a speculative high risk market and will dump hard in a recession.

[Anonymous No.16485010]

>>16482261
link will unironically prevent the next financial collapse

[Anonymous No.16485031]

>>16482261
companies will try to save money, chainlink saves money

[Anonymous No.16485048]

>>16482261
Link will fuck your girlfriend while you videotape it at all the best angles and then do your taxes.
LINK will give you a handjob when your girlfriend isn't home.
LINK will become donald trumps favorite flavor of icecream
LINK will cure cancer, but only of the pancreas.

[Anonymous No.16485087]

>>16483433
ok boomer. buy some boomer rocks at the very least

[Anonymous No.16485467]

>>16484851
by crypto-cards or just item for item on a need-basis

[Anonymous No.16485509]

>>16485005
Everyone else has arguments in favor. What are your arguments for opposition?

[Anonymous No.16485518]

>>16485005
except it will pump harder than ever before, just look at south america, almost every country there got fucked in the last 3 months alone, and all of them are backwards af with technology, and over 4m btc wallets were created, and because they are partly dictatorships they dont have access to international crypto exchanges, and in their closed off exchanges BTC skyrocketed to 15k$ while it was 11k$ in normal exchanges outside of those countries.

Imagine what will happen when FIAT currencies in US and EU fall, where most are more receptive and knowledgeable of crypto, they will fucking run and buy crypto faster than americans on black friday sales to get some crypto just to save at least something of their wealth

in correlation that is 300 million people waiting to buy crypto in US and EU alone(young adults)

[Anonymous No.16485529]

>>16484920
holy fuck you are stupid, like american-stupid.