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/biz/ - Business & Finance

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17411345 No.17411345 [Reply] [Original]

I refuse to believe it will ever get over $250.

>> No.17411374

you are correct

>> No.17411376

>>17411345
You brainlets have no idea what you're even speculating on, just stop worrying your little heads off about the price, it will be worth the demand created by smart contract industry to unload the risk of bad data off of them onto Oracles. As smart contract adoption takes off it will go up. Nobody knows how big of a market smart contracts will be. Shut up brainlets.

>> No.17411389

It states in the whitepaper that going over $10 defeats the purpose of LINK

>> No.17411397

>>17411345
Cool, I'll take $249.

>> No.17411420

>>17411389
No it doesn't. You think coffee will EVER be that much?

>> No.17411422
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17411422

>>17411345
what did sergey mean by this?

>> No.17411428

>>17411389
Kek. You have no idea what the $LINK token is even used for in the network do you.

>> No.17411436

>>17411428
>>17411420
>>17411389
Can someone explain why people say this shit? I've heard it before on here.

>> No.17411445

>>17411420
You think coffee isn't that much now?

>> No.17411455

>>17411345
Jason Parser told me in slack that coffee is the best price for the links. Sergey has spent a lot of money sending adelyn to ninja academy to learn how to sneak cups of coffee into meetings with high level execs. This happens do much now that meeting locations are sprung on Seeger at the very last minute. Serger emphasizes the coffee standard constantly during high level talks by repeating tethered to coffee and coffee standard over and over again until execs have no choice but to agree. Notice the smart con line up has only coffee drinkers and no tea drinkers? You should be thanking tiger mommy

>> No.17411469

>>17411436
If you think too hard about obvious FUD, then it serves its purpose. I'm sure Sirgay would arbitrarily limit the market cap of his company for some reason

>> No.17411473

>>17411345
How will the price be determined anyway?
How will it gain value?
And why so much in the first place?
Obviously people buy it to operate a node. But at one point the supply is taken off the market and nodes are running. So there won't be enough supply left and no incentive to buy

>> No.17411489

>>17411473
Kek it's like an angry child is mad he doesn't understand math so he asks 100 questions that he would know the answers to if he read the white paper

Oracle node operators compete for bigger and more contracts, making them need more $link inbred

>> No.17411495

>>17411389
>he doesn't buy triple s 0 y mocha choca loca lattes with extra bbc semen and sprinkles
ngmi

>> No.17411503

>>17411473
You dumb bastard the links get their value from coffee. It was written thus by serger of nagarov "furnish the value of the link wtih the value of coffee and all the marines will rejoice" amen.

>> No.17411526

>>17411376
>it will be worth the demand created by smart contract industry to unload the risk of bad data off of them onto Oracles. As smart contract adoption takes off it will go up. Nobody knows how big of a market smart contracts will be.
This. We don't know. Nobody does. The only thing that worries me is that Sergey has 650 MILLION of these tokens, unless he has been secretly selling or giving them away to future users of the network which is likely.

Still, there's no guarantee these tokens aren't going to be mass dumped into the market at some point by some institution holding them, even if the project goes forward and there's actual use and demand for them.

>> No.17411534

>>17411389
this

it was all detailed in the shadowfork

>> No.17411540

>>17411526
It shouldn't worry you, the fact he has 650m is the only reason I have to believe he's working hard at getting the project off the ground.

Why should he not be majority share holder of his own company?

>> No.17411571

>>17411540
True. Every cent it goes up his stack is worth about 6.5 million more. It makes sense he has an incentive to make it work.

>> No.17411591

>>17411345
>even the fud is bullish

>> No.17411611

>>17411540
Do not be fearful of the excess frens. The new lawyer has in good faith outlined the associated risks. One of these risks is rapid adoption which is the Reason that He has not burned these additional tokens. To burn them would only enrage kek for he is the embodiment of chaos. Amen

>> No.17411627

>>17411473

Node operators are paid in link.

For consumer price of link dosnt really matter since they can buy it with what ever currency they like - which is then converted to link and paid to nodeoperators. This makes a lot of buy pressure. More usage more pressure. Price of link will skyrocket since most of that link is stocked up in nodes. However for a consumer the price of the service can remain low. Imagine buying a cup of coffee, the shop only accepts bitcoin buy you have dollars. Push a button and ur 4.20$ dollars are exchanged to bitcoin and paid to the coffee shop, as you can see that price of bitcoin dosnt really matter here - atleast for the consumer. Same thing goes with link.

>> No.17411644

>>17411627
Please nobody read this. He has no idea what he's talking about

>> No.17411715

>>17411627
So the LINK needed may decrease for the service, but the price stays the same in Dollar for the end consumer. I.e. LINK value increases, but you need less

>> No.17411754

>>17411644
>>17411715
Both of you are correct. Have a nice day lads

>> No.17411810

>>17411715


>>17411644


>>17411754
What's a quick way to learn basic economics

>> No.17411860

the 1000$ meme was always true. People just failed to realize usd value would be in the shiter

>> No.17411965

>mfw I bought the LITERAL top

I got FOMO'd hard. I can only hope that all the link shillers are right and it moons in 12 months

>> No.17412160

>>17411965
I bought at 4.40

>> No.17412174

>>17411345
me too, that's why I converted to nulink

>> No.17412186

>>17411965
>>17412160
Hang in there anons, I too was once a fellow top buyer.

>> No.17412208

>>17411376
/thread

>> No.17412604

>>17411965
I bought the top at $1 back in 2018, watched in bleed out to 20c. Thankfully I was strong enough to buy all the way down, bringing my average buy price to 40c. If you and other top buyers can do the same (buying dips) you’ll profit sooner.