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/biz/ - Business & Finance

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17311839 No.17311839 [Reply] [Original]

LINK is unironically shit. It is fundamentally worth 0 or very close to it. Eventually it will crash down to its real valued price. But for now temporarily (and who knows how long, it could take a short time or a long time to play out, no one knows) it is bullshit overvalued simply because it became the unofficial/official meme coin of biz NEETs. Because of this it was pumped higher because some NEETs on biz bought it ironically as a joke while other idiots bought it unironically because they believed the biz bullshit hype around LINK and fell for a scam essentially. Because of this LINK maintained a greater proportion of held supply than most other coins which didn't have some random cult following like this. And this in effect led to very low float so LINK price could more easily pump. This in turn has led to second order effects of other morons around the internet not familiar with biz who bought LINK simply because the price pumped and then they heard of it that way. So in a way it became a self fulfilling prophecy aided by second order effects. This is fucking absurd. The whole thing is a house of cards.

>> No.17311871

Nice fud, i am impressed

>> No.17311911

>>17311839
>it will crash down to its real valued price

are you new to crypto?

>> No.17311922

Link was .20 at one point

>> No.17311926

>>17311839
It's real valued price requires a crash up to $362.

>> No.17311934

>>17311839
Nice try, biz maybe owns 0.001% of LINKs total market cap

>> No.17311944

>>17311839
didn't read not selling

>> No.17311954

>>17311839
How many people do you think browse /biz/?
Not nearly enough or rich enough to move markets.

>> No.17312020

I sold LINK at 30 cents precisely for this very reason. Don't touch this absurd scam. It's actually called 'a pump and dump' scheme in the investment jargon, an infamous technique used by conmen to manipulate and exploit the gullible. Glad you recognized it as well op.

>> No.17312067

He built a decentralized Oracle network from the ground up in less than 2 years and hired a team that's loved by the community and put those nice offices in that nice skyscraper in the financial district of San Francisco literally some of the most expensive real estate on earth and bought town crier securing Facebook and docusign engineers for advisor roles all for only 32m that he received from the ico. Please Sergey. Please take all the money you need to continue your work.