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/biz/ - Business & Finance


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17532638 No.17532638 [Reply] [Original]

how big was a make it stack of eth back in the day? what was the average stack size that anons who were early held?

>> No.17533068

>>17532638
I would also like to know how big this got.
I wonder if nulink will do the same

>> No.17534221
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17534221

>>17532638
Hundred to thousands. I had about 500 and was on the lower end by far.
Unironically chainlink is by far to the closest sentiment to how eth was but on a 10x difference, i.e. 5000 link vs 500 eth back then. There are def people that have 10k-100k link here. But they'll be gone when they make it.

>> No.17534800

>>17534221
I set a small goal of 500 but my make it isn't the same as most. I'm barely over 1k which back then would be considered a suicide stack. This anon is right, most of the OG's will sell before we do

>> No.17535334

1k was suicide 10k was make it
t. 8k

>> No.17535499

>>17534221
what do you mean gone, you mean they'll sell too early?

>> No.17535538

>sold about 3k link 2 years ago and left /biz/
>come back and it hit 5 dollars like the memes predicted
is it too late to rebuild my stack? I have about 100 now. slowly buying whenever I get paid.

>> No.17535560

>>17532638
250k is a make it stack

>> No.17535607

Make it stack with ETH was 5000 if i remember correctly. That was worth about 7M ATH

>> No.17535646

>>17535538
I think any purchases below $10 is in the money and still part of smart money.

>> No.17535696
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17535696

>>17534800
>>17535499
Not true at all that OGs will sell. Yes, it’s true that those with 10k+ LINK will make it much sooner than sub 5k linklets, but if you accumulated LINK in 2017/2018 and participated in the breadcrumb hunting, it means you’re an early adopter/smart money, basically someone who understands the potential of LINK, and if they haven’t sold by now, they won’t be selling “too early” if at all. I just posted this chart in another thread but basically it shows that there are roughly 20,000 link wallets that haven’t touched their link in over 12 months. The original link marines from 2017/18.

Linklets with sub 5k can still make it if they manage to get iron hands like the OGs. Frankly I doubt it. They won’t have done the research. They probably only bought link recently because they saw the price go up. If you don’t understand the project thoroughly and it’s potential you will sell too early and pat yourself on the back for making a x10 profit while the DR;NSfags will hold to triple figures and beyond, while staking for passive income.

>> No.17535802

>>17535646
>>17535538
This is exactly my point. Linklets could still make it if they hold, but they won’t. If you already sold and are only buying back because price went up, chances are you will panic sell next big dip, or sell for a measly x2-x10 profit. If you had done your research into everything we discussed over the last 2-3 years you would never have sold and would have accumulated 10k or more links.

Frankly the only linklets who are gonna make it are the ones who browse the archives and read old link threads.

Here’s a tip: when I was accumulating my 20k stack in 2018, I read a lot of archived threads from when ETH was under $10, and a lot of archived threads from when NEO was ANS and mere dollars. I used these threads as motivation, inspiration or whatever you wanna call it. Reading about people with 20,000 Neo, a few hundred or thousand ETH, then calculating their riches if they didn’t sell before the bullrun, made me see exactly how valuable a 5 figure stack of Link could be next bullrun.

If any newfags wanna ask me for advice or have any questions about link I’ll answer them here for a bit and won’t meme on you.

>> No.17535803

>>17535560
the question was what was an ETH make it stack

>> No.17535864

>>17535696
LINK is my ticket as a poorfag I'm never planning to sell. I agree that most wont view it like that. I went down the rabbit hole my first day coming to biz from lit and my whole first week I did nothing but read about link. It's too important to sell

>> No.17535891

>>17532638
The weird thing is, we have no idea how much a make it stack is these days. I consider a make it stack 1m in 2 years. could be 5k could be 250k, who knows.

>> No.17535962

>>17535802
When do you think staking will be fully implemented? It seems to me like we're getting close, like within the next year or two

>> No.17535988
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17535988

>>17534221
I don’t think I’ll ever leave, even if I make it. I haven’t come around much since this last run up in February, but 4chan has conditioned me and I’ll likely still lurk and shitpost occasionally til the end of time. That being said, we’ll all make it, 1k eoy

t. 230k Link holder

>> No.17535994

>>17535891
I think people get confused that LINK is a share of a company or something. In reality it something entirely different and extremely lucrative.

>> No.17536013

>>17535864
You will make it.
If you can, try to accumulate as much link as you can before $5. If you’re a poorfag look in the archive for oatmeal anon for inspiration

>>17535891
>1m in 2 years
Yeah, if you make 1m in 5 years I guess you didn’t make it!!!

>> No.17536062

>>17536013
Good thing i’m middle class and won’t be priced out of LINK until it hit $20, which won’t happen until prob next year:

>> No.17536104
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17536104

>>17535988
checked

>> No.17536112

>>17535962
Yeah, I guess by the end of 2021 at the very very latest. But the Chainlink team have been working faster and on much more impressive shit than they’ve let on the entire time. It looks like now the focus on marketing and community activities is on attracting developers. For example they just awarded some prizes for a hackathon where teams came up with dApps like insurance and flexible pricing based on performance etc. I’m not a programmer but common sense tells me they wouldn’t even be bothering with this shit if staking was an age away. We do have smartcon to look forward to in May. I doubt staking will be ready by then.

Programmerfags should be able to answer this question better by looking at the Pivotal tracker and github. Is staking being worked on now?

When staking is fully implemented, and it’s possible for normies to stake on coinbase/binance and elsewhere, is when you WILL be 100% priced OUT. So if you want to make it, there is still time to accumulate if you really try.

>> No.17536117

>>17536013
Do you have a screenshot of oatmeal anon

>> No.17536157

>>17536112
>But the Chainlink team have been working faster and on much more impressive shit than they’ve let on the entire time.
I've been getting that feeling too. It's unstoppable at this point

>> No.17536171

>>17535988
checked mr Whale. 1K eo which year?

>> No.17536203
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17536203

>>17535994
This is important. Because LINK is a utility token, it won’t be affected by panic selling like stocks or BTC are. The only thing that will knock price in the future when the system is fully operational is anything that knocks adoption. But because the applications of smartcontracts are so wide and varied I actually think LINK would be pretty immune to something like the current coronavirus panic selling.

>>17536062
Honestly, if BTC goes on a crazy bullrun, we could see $20 sooner than you think.

>>17536117
Yes fren, here you go.

There was also an anon whose private keys were eaten by a squirrel and he lost 50k link
F

>> No.17536234

>>17535802
ok I'll bite. Being a nulinker who can't afford a suicide stack (10k) what's the point of not selling or swinging since 10k is the minimum for staking? I have very limited time to go through the archives but I'm trying my best. Sorry for bad English but it's only 10pm in y village sir

>> No.17536235

>>17532638
Well I highly doubt people were holding 100k ETH back then. Maybe 10k, but of course most of them sold.

>>17535696

>but if you accumulated LINK in 2017/2018 and participated in the breadcrumb hunting, it means you’re an early adopter/smart money, basically someone who understands the potential of LINK.

I bought my first 1k link on etherdelta after hearing about LINK working with SWIFT. People were expecting a huge announcement at the SIBOS event, but it didn't happen. Sadly due to personal reasons I didn't buy enough LINK only 4k (yeah i know). But i'm going to keep buying while it's under $10. If you held on to LINK through all the FUD and dips you deserve every penny you made.

The amount of breadcrumbs coming out almost everyday each LINK thread getting 100+ posts.
Assblaster and drunkanon had some of the best ones.

Anyways even with 1k LINK you probably won't make it, but you're doing better than most normies. Don't pay attention to others with larger stacks (inb4 cope hurr durr) seriously most of those guys/girls probably got in ETH really early then said fuck it and when all in with LINK. Good for them. Buy whatever you can afford at the time. Unfortunately for me all I could afford was 4k LINK since I was a poorfag college student at the time. Regardless I believe in this project and aslong as Sergey and Ari are still involved it won't fail.

>> No.17536252
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17536252

>>17536013
mfw when I remember oatbro but fell for the fud and was still anewfag then. He's the reason I started buying but ita was too late

>> No.17536278

>>17536234
1k has always been the suicide stack and there will be no minimum for staking. It will most likely be offered on Coinbase and Binance, among many other places. All you have to do is buy LINK and hold it. You sound confused so you'll probably even fuck this up.

>> No.17536298

>>17536234
Who said 10k was a limit in staking? Also you need to remember that LINK was never meant to be invested by average joes.

It suppose to be an institutionalized resource, your investing in something bigger.

I’m gonna give you a hint, look at how many decimal places LINK has.

>> No.17536321

>>17536298
Aren't all erc 20 tokens divisible to the 18th digit?

>> No.17536334

>>17536235
Actually 1k link will be a make it stack eventually, you must again see the bigger picture of this thing.

>> No.17536347

>>17536235
>Anyways even with 1k LINK you probably won't make it, but you're doing better than most normies.
What is SWIFT
What is ISDA
You're retarded and it shows

>> No.17536354

>>17536321
But it not an erc-20 token. Link division will work through node operations, as more people stake to keep the network secure link prices will go up and soon there will be value in even .1 Links.

>> No.17536383

>>17536321
>>17536354

Simply put LINK value is not even in a golden bull run, it value is in mainstream adoption. As more data gets funneled the higher value the token will be.

>> No.17536384

>>17536298
10k to stake was the rumor when i started. Link was about $.80 the first time i heard of it, so 10k seemed unobtainable for somebody with no crypto holdings.... putting $8k in fiat into meme tokens is pretty tough for middle class people. Thankfully I bought every week during 2018.

What you gotta remember is that 1k link was literally $100 during the ico. ETHfags that got in under $10 were basically playing with funny money so a 500k stack was obtainable by poorfags who bought ETH prior to jan '16

>> No.17536387

>>17536203
Stop teasing these nulinkers. Staking is years away. link is pre-revenue right now. All the "partners" and intergrators are using link for FREE. Sergey is paying the nodes using OUR money. If staking is released, sergey can't be paying for everyone to use link. How many actual users will stay on once they realize it will cost fiat to request those data? Some will stay on, most will probably bail.

>> No.17536401

>>17536347
I don't see LINK going to 1k. 1k eoy has always been a meme.

>> No.17536417

>>17536278
>1k has always been the suicide stack
I beg to differ but I won't debate numbers atm
>You sound confused so you'll probably even fuck this up
I just woke up m8. I've only swung 20% of my stack twice so far. Made a few the first time and I'm still justed since I sold at 3.4 a week ago but for a sub 1k stack i can still make up my losses.
>>17536298
>Who said 10k was a limit in staking?
I've been on way too many LINK threads I've messed up my head I guess
>I’m gonna give you a hint, look at how many decimal places LINK has.
I know about the 18 decimal places but I've only recently decided to go through the whitepaper bc I was a degenerate and stopped booze, weed, coke and other vices to increase my stack

>> No.17536431

>>17536401
That because it going to more, it is dependent on adoption (which if you read the archives and who is involved is eventual) if you can’t see it, then you will sell early.

>> No.17536433

>>17536387
Cringe and lame FUD pilled

>> No.17536439

im still in nevative i bought at 4.50 in july of 2019


this shit sucks


never sold or whatever but im really fucked up

i put my enitire 10k savings at 4.50 and i used coinbase with high fees.

i only have 1,422 links and .1 btc.

>> No.17536447

>>17536401
Ok retard

>> No.17536453

>>17536439
Put the BTC into link it will pay off in the long run.

>> No.17536465

>>17536417
I really don't mean to be too rude but you thought there was a minimum for staking. It just doesn't seem like you're up to speed.

>> No.17536532

>>17536465
It's ok be as rude as you want as long as you don't keep regurgiating the same things I've been getting when asking semi-retarded questions. I'm not up to speed bc I'm a retard who got fell for the fud. Also I have somewhat limited time to spend on research bc I was wasting my time being a degenerate hoping to die of overdose but decided to do a 360+moonwalk when i realized you guys were serious about this

>> No.17536547

>>17536234
Suicide stack is 1k and 10k is a make it stack. This is based off a valuation of $100 per token which would only be twice the mcap of XRP, with $1mil before tax being the threshold of “make it” status.

>10k is the minimum for staking
No it isn’t ... you can run a Chainlink node with 0 LINK. You need to do more research because you clearly don’t understand the basics
>what’s the point of not selling or swinging?
Selling at $10 would obviously be retarded and too early since LINK will easily hit $100 in future....
as for swinging, swingtrading is more likely to lose you linkies. Unless you are a confident and experienced trader, you are very unlikely to execute a good swing trade. The vast majority of crypto millionaires who made it from ETH and BTC made it by buying and holding. Not by trading. Trading is difficult and stressful and unpredictable. Buying, accumulating and holding is safe and proven successful. I’m not telling you not to swingtrade if you think you can do it right but the HODL meme is not a meme.

All the current linkmarines with 10k+ link held for TWO YEARS throughout an absolutely brutal bear market. Many (including me) bought the top at $1 pre-SIBOS and watched their investment get destroyed as link dropped to 20 fucking cents. What made them successful? It wasn’t swing trading. It was doubling down and buying MORE LINK when the price dropped. If you don’t understand the project, the 4th industrial revolution and whatnot, you’re not going to have the confidence to double down if link’s price drops by 80%, are you?
.

>> No.17536584

>>17536235

>>17536235
>Well I highly doubt people were holding 100k ETH back then. Maybe 10k, but of course most of them sold
Tbh I think the early ETH buyers are probably the same as early LINK buyers: hardcore believers, programmers and cypherpunks who wouldn’t just cash out and walk away from crypto.
Interestingly, if you compare the top LINK and ETH wallets you can get a good picture on what a “make it” LINK stack would be.
If you have 10,000 LINK you are in the top 3000 wallets.
How many ETH do you have to have to be in the top 3000 holders?
Fucking 3000 ETH.
That’s $690,000 today and $3,000,000 at the peak of the last bullrun.
So yeah if you’re wondering “is x amount of LINK enough to make it?” I think this is a good way to estimate.
Like, if you have 5000 LINK you’re in the top 5000 wallets. The top 5000 ETH wallet holder has 1,683 ETH.
(If any newfags are reading this, you can check this shit in etherscan and ethplorer)

>> No.17536673

>>17536532
do NOT trade without a stop loss, do NOT widen your stop, DO trail your stop to take profits, if you're not american trade on binance, don't risk more than 5% of your stack on a single trade (even that is a high amount), set your stop based on predefined targets, don't just pick an entry and set your stop 5% beyond that, good luck making it to 10k

>> No.17536712

>>17536584
Thing also, as more weak hands exit the market your 1000 LINK will start increasing in value and %holder position.

I think people lack the fundamentals of this project, there is so much red herrings in this project that one needs alot of faith and belief.

Take a look at the 650 million held off the market right now, the public will never see that but it such a huge lynchpin that it prevents people thinking rationally.

>> No.17536725

>>17536252
It’s not too late. See my most recent post. If you have 3000 LINK you’re still in the top 7000 holders.... the 7000th ETH holder has 1070 ETH. And believe me, LINK is just starting it’s ETH-like run.

>>17536278
Kek yes

>>17536401
Never gonna make it.
If the Chainlink network even captures a fraction of a percent of the global derivatives market, the price of one token will be astronomical, this is because of the tokenomics of Chainlink: the total amount of collateral, secured in LINK tokens, needed to secure high value smart contracts, have to be met by a rise in token price. If you think the $1k thing is a meme and not based on tokenomics then you’re showing your newfaggotry and you need to go back and/or Kys.

>>17536417
KEK, a prime example of why swing trading doesn’t work. Accumulating and holding > swinging

If you thought there was a 10k minimum for staking you clearly can’t differentiate FUD from quality posts...

>> No.17536747

>>17536439
Friend, I put 10k in at $1. I then bought more on the way down. If you just double down and keep buying more when the price drops you will make it.

>>17536447
Kek

>>17536465
Dude this is 4chan you don’t have to be polite here. Just call a retard a reward when you see one.

>> No.17536762
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17536762

>>17536171
I’d love to say 2020 but I’m thinking 21-22 more realistically. Though I wouldn’t be surprised to see triple digits this year.

>> No.17536793

>>17536712
>as more weak hands exit the market your 1000 LINK will start increasing in value and %holder position.

Exactly. Your average retard from rebbit or Twitter will buy and sell pretty quickly, within months. The stinky linkies who will make it, even the linklets, won’t sell. They’ll keep accumulating.

>> No.17536803

>>17536547
>Suicide stack is 1k and 10k is a make it stack
It's been a while since the AB posts but I was fresh here from /fit/ and had no idea what I was getting into. BUT My mind keeps telling me that it was 10k and 50 or 100k but I could be wrong. Again, I just had my breakfast and my brain is still barely functional
>swingtrading is more likely to lose you linkies. Unless you are a confident and experienced trader, you are very unlikely to execute a good swing trade. The vast majority of crypto millionaires who made it from ETH and BTC made it by buying and holding. Not by trading. Trading is difficult and stressful and unpredictable. Buying, accumulating and holding is safe and proven successful. I’m not telling you not to swingtrade if you think you can do it right but the HODL meme is not a meme.
I agree, it is stressful and a guaranteed way of losing more than just linkies. I gave it a try twice so far using /biz/ as an indicator. Price spiked without any announcements and people were needlessly euphoric. Then a dump followed. I've only tried it twice as I said in an earlier post and I'm pretty even so far but I don;t plan on doing it again. It was enticing bc I was buying tops and let my emotions get the best of me. It looked like swinging was a fast way of reaching the 10k mark. Lesson learned I guess
>If you don’t understand the project, the 4th industrial revolution and whatnot, you’re not going to have the confidence to double down if link’s price drops by 80%, are you?
Obviously I don't bc I still need to do a fuckton of research. I'm still buying

>> No.17536826

>>17536793
>They’ll keep accumulating.
stopped buying when my dca hit 50 cents, it's just a beautiful number i can't buy anymore, also it would be very irresponsible of me to put in more fiat at this precise moment, i have no debt and i want to keep it that way

>> No.17536887

>>17536725
I am what most OGs shit on: Poorfag, nulinklet, (>1k), wagie and a eurofag
>If you thought there was a 10k minimum for staking you clearly can’t differentiate FUD from quality posts...
I don;t claim to be a genius and obviously I'm far from it. It was a bit hard when differentiating these when both nolinkers and linkies were fudding for the past 8 months. Thanks for taking the time to not meme on me buddy

>> No.17536915

>>17536826
I was referring to nulinkers, I agree it’s fairly pointless to buy now if you already accumulated under $1. Adding a couple hundred link at most to a 5 figure stack is fairly pointless.

>> No.17536948

>>17536747
I've been in a real low place these last few years, basically just watching link and waiting. Idk I just want these fags to make it. I also have about 4 other link threads open at this very moment calling people retards. You're probably reading them.

>> No.17536974
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17536974

>>17536948
>10 /biz/ threads open on auto refresh for a year now
how to i profit from this

>> No.17537493
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17537493

>>17532638

>> No.17537666

>>17537493
22 fucking million, this is why I bet in myself. To bet on CL you must bet in yourself.

>> No.17537695

>>17536387
Are you clinically retarded? Are you suggesting institutions and other interested parties aren't aware they will have to pay to use these services? Honestly, thank you for this I needed a hearty laugh

>> No.17537700

>>17535803
This is a link thread now

>> No.17537735

>>17537695
It a FUD copy pasta.

>> No.17537761

>>17535696
Very interesting chart that makes me feel bretty cool about the strength of my hands thanks anon. The test has been since June, I could sell my stack and eliminate my student loans completely and be debt free, but it's been easier than I thought it would be. Never selling, running node instead.

>> No.17537923

>>17537735
Really thank God. I'm basically OG and pretty disappointed I replied to pasta, never seen it. Ideally the first and the last.

>> No.17538417

Will 1100 LINK be enough to stop waging and a modest retirement where I can just read, garden, play vidya, raise my kids, spend time with my wife, and do a little traveling?

>> No.17538550

>>17538417
not in the next 12 months

>> No.17538569

>>17538417
>>17538550
but who knows mang, shit is accelerating faster than i thought it would

>> No.17538592

>>17538550
My horizon is 5-10 years. Also have 0.8 BTC 8 ETH 12 LTC.

>> No.17538627

>>17538592
then definitely, if chainlink delivers on its goals, also dump all that LTC for LINK

>> No.17538684

>>17537695
would you use google search engine if it wasn't free? once people have to pay to get the data they want, that's when staking can start. rn why wouldn't you want to use chainlink... it's fcking free. Sergery is using YOUR money to pay the nodes. Pre revenue project.

>> No.17538720

>>17537735
Tell me u chad OG which one of the following is incorrect?
>Pre-revenue project
>Sergey paying node with ico & 700k dump money
>Free to use network rn

>> No.17538783

>>17532638
I was in college and told my dad it was a sure thing. He didn't believe me but gave me $1k out of curiosity @ .20

I remind him everyday of his failure.

>> No.17538799

>>17538417
Maybe one day but probably not any time soon.

>> No.17538922

>>17538627
Yeah LTC is a shitcoin. I am thinking about trying to DCA to a point where I can get out of it. My average is like $102 but I just wanna get out of it

>> No.17538931
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17538931

>>17536584
>>17536547
>>17536203
>>17536112

fren, I'm going to ask you to stop spoonfeeding the newfags

>> No.17539081

>>17535696
>sub 5k linklets
5k link here, go kys you linklets

>> No.17539104

>>17538684
There already is a cost to retrieve data. The whole point of LINK is to decentralize and automate the process.

>> No.17539187

>>17537493
>>17537666
>>17536584
read this though, anyone who had a big stack of eth & didn't sell during the bull run would have gone from 3m to 600k - that is massive. it doesn't make sense to hold everything for ever. x% at 100 is probably necessary to secure done kind of wealth

>> No.17539210

All OG's join my Discord - HMy2tT

>> No.17539215

>>17535696

Is 2000 LINK enough to make it? How long do you think a linklet like me should hold for? How would you go about taking profits? Predetermined price points and fixed percentages or never selling and staking, or sell half and stake half (will that even be worth it with such a small stack?).

God bless you OG anon.

>> No.17539263

>>17539187
Not if you believe in value investing (meme) i know. $3M for my circumstances is not make it money it alot of fucking money but it won’t let me do with I want plus gov taking 25% of it.

>> No.17539276

>>17539215
You need to research keep buying, buying LINK is literally buying a winning lottery every fucking time.

>> No.17539320

I have 50 :(

>> No.17539330

>>17535696
i bought 14000 through 2018 between 37c and 42c, sold half at $4 last year, huge for a poorfag wagie like me who hasnt had a fucking dime his whole life.
planning to sell another 2000 at $10 and then the rest $50-100 somewhere.

still think all of this is the real poorfag move though, back then aswell as now.
ive had 2 years to learn how to stake link or to even find ways to monetize data in some way that utilizes the link network and still havent done shit towards that end.

>> No.17539348

>>17539104
>There already is a cost to retrieve data.
And who is paying for that cost right now? Sergey. Using our money.

>> No.17539365

>>17539276

I have already researched what there is to research but
>t. poorfag student 2k stack
>can only afford maybe like 30-50 new LINK every month.
Can you help me with the question that I asked?
>>17539215

>> No.17539393

>>17539365
No one knows the values of these token, you only need to know the value of the tech. Market price does not mean intrinsic price.

Just know that this thing is being funneled $$$ by very powerful entities, you may not afford to retire earlier than some people but you are leaps and hops abound normies. Take fucking pride in that and keep buying.

>> No.17539456

>>17535696
4K OG Linklet here. Average buy-in was 40c. Sad I couldn't scrape together more, but having an order of magnitude more money than I did two years ago really heartens me.

>> No.17539490

>>17539393
You think you're trying to help this nulinker, but you're not. Everybody and there mother is speculating right now. Staking is year(s) away.

>> No.17539524

>>17539490
Sorry poorfag who got priced out but I did my research, never selling go eat fucking shit.

>> No.17539560

>>17532638
Naturally this thread got immediately derailed by Linkies into a circle jerk "we're all gonna make it bros!" koombaya session. 2020 is NOT 2016. Holding 10k Link is NOT the same as holding 1000 ETH back in the day.

YOU WILL NOT MAKE IT UNLESS YOU ADAPT TO THE TIMES AND EVOLVE OUT OF YOUR CARGO CULT MINDSET.

>> No.17539589

>>17539524
nigga please.
Refute me then.
which is incorrect
>incomplete project v0.8
>pre revenue zero income
>paying KYC nodes with our money to get partner onboard
>32 mil in ico, 700k dumps to continue funding
Then me which statement is incorrect.

Priced out my ass. t. top500 wallet

>> No.17539596

>>17539560
t. former 100k Linkie.

>> No.17539611

>>17539560
> Holding 10k Link is NOT the same as holding 1000 ETH back in the day.
No, it's far better. Chainlink's market cap will go far higher than 10x ETH's current ATH and it will stay there/continue growing.

>> No.17539623
File: 18 KB, 364x404, 1513409477114.jpg [View same] [iqdb] [saucenao] [google]
17539623

Is LINK's staking the scaling of ETH?

>> No.17539673

>>17539589
Post wallet nigga, i know you’re trying to fud.

>implying pre-revenue isn’t the best time to invest. I have biotech experience i know how much money is to be made in pre-rev level entities.

>> No.17539736

>>17532638

So i was around since march 2017. Bought ETH at 7 bucks and sold at 35 because back then didn't even know such reckless moon missions existed (BTC mooned, but it was a once in a lifetime fluke right?? wrong)

One thing you guys need to take into account is the amount of research done on Chainlink as a result of the ETH moon - ETH sort of proved that these events happen, and more importantly, CAN be predicted. A lot of people knew ETH was gonna be a moon mission, but had no idea how moony it could get.

Now that we know these things can go so insanely fucking high, and we've basically confirmed all breadcrumbs with LINK (remember, enterprise ethereum association didn't exist, "corporate partnerships" didn't exist back then etc.), it's going to allow those of us who DID buy LINK to hold a lot harder and longer no homo than most people

>> No.17539790

>>17535696
Came to /biz/ around June 2017. Made a decent amount holding onto btc and ltc. I bought my first stack around 8K on November after reading the threads and the memes. Decided to go all in in January of 18, putting my just over 30k. This shit has been the easiest HODL and never once considered selling. This is my ticket out of wage cucking and make more money off one investment than my boomer parents have in their entire life.

>> No.17539826

>>17539790
Kek my boomer dad thinks you make money through hard back breaking work...

>> No.17539871
File: 752 KB, 726x1448, 26b.png [View same] [iqdb] [saucenao] [google]
17539871

>>17539826
>tfw i was fell for that meme until I was 26. This site was an eye opener.
I'm still waging but now have a different purpose. Thanks 4chan(nel)

>> No.17539886

>>17539673
such a hard working shill. so tell me if I'm FUDing which of my statement is wrong?

>> No.17539898

>>17535802
What is staking?

>> No.17539910

>>17539871
Same bruddah, were in this together!

>> No.17539937

>>17535696
>>The few and the proud

T. 50 k link holder

>> No.17539947

>>17539393

Thanks anon, but again. What's your plan on cashing out? How much at what prices, how much will you leave for staking? I want to know details like those from smarter people so I don't fuck up here (if I don't have enough LINK already better not fuck up anywhere else):

>> No.17539989

>>17539947
I will cash out at $15k a token but I will leave 1k token left. Remember those hodling will not hold forever. As old money exit new money comes in and your bags become more and more valuable. There are only 123k wallet holders for this token, guess how many are in BTC. 41 million you are early don’t sweat enjoy the ride.

>> No.17539995

I'm always fucking late to everything. 1k LINK, want to neck myself

>> No.17540002
File: 263 KB, 1280x868, c5c.jpg [View same] [iqdb] [saucenao] [google]
17540002

>>17536974
We're in this together bros. the payoff will be that sweet 1k EOY

>> No.17540057

>>17536298
>LINK was never meant to be invested by average joes
Why is it on coinbase then? Coinbase is normie central.

>> No.17540075

>>17538417
Lets say if link reaches 1k that's 1.1m, 25%ish taxes you get 825k, spread that out over 35 years (Just a guess) you only get 23k a year, sorry you can't support a family on that. I would say, keep buying and when you can start steaking your link and use that money to invest in yourself so you can work in a way you aren't wage slaving. That's my goal. I just want enough so I can take some time out of my wage slaving to focus on being an artist so i can live off that with my steaking gains + possibly other business ventures.

>> No.17540087

>>17540057
Your right sell flag, just sold 100k tokens enjoy my bags.

>> No.17540106

>>17535499
They won't sell, they just aren't going to post on this piece of shit board.

>> No.17540118

>>17539348
No if companies want to retrieve and analyze data currently, they still paying for it in some manner or another. This reduces costs and then monetizes the retrieval. Corporations will be hosting nodes. Is this even FUD or do you not understand LINK at all?

>> No.17540121

>>17536747
reward

>> No.17540179

>>17540075
Why would anybody just keep it as a lump sum instead of parking it somewhere to generate some interest?

>> No.17540215

>>17540075
How many should people aim to get?

>> No.17540263

>>17540118
Then please tell me 1 legacy company that is currently confirmed to be using CL's 21/25 KYC centralized node?

Rumored to be? Plenty of them.... we're all just speculators. Y'all shilling it like its a sure thing.

smartcontract is the company, chainlink is one product under the company. Why do you think they (re)moved the Swift logo over the smartcontract?

>> No.17540308
File: 576 KB, 810x793, 1569368351987.png [View same] [iqdb] [saucenao] [google]
17540308

>>17540179
I agree, but the way this guy framed the question was kind of implying he wanted to get rich and forget about it

>>17540215
literally any unironically. Get as many as you can. We have no idea how far this coin will go. It's going places though. I'd say make your goal at least 1.5k-2k to offset taxes and have a million bucks to invest and have a little fun with. Should keep most of it in staking though since that seems like the most promising way to profit from link. No matter how much you have just remember... IRON FUCKING HANDS. I wouldn't even touch it until 1k, even if I had goddamn 100k link.

>> No.17540322

I bought in 2017

>> No.17540342

>>17540308
I'd like to believe that none of our frens here are so financially retarded that they'd take a pile of cash and then just let it sit, drawing only from that to survive.

But, we are on an Italian Pasta forum so...

>> No.17540382

>>17540263
What are you even talking about? I'm on the Smartcontract.com page as we speak and the logo is there? Billion dollar institutions have already confirmed integration. Nothing is certain but how much more can someone ask for? Sure an insane Black Swan event could happen directly related to LINK, but that is true for anything.

>> No.17540394

Lads

What is the tax situation with Link profits?

>> No.17540427

>>17540394
If you sell within the year you bought it counts as income tax, if after a year it's capital gains. Literally DYOR

>> No.17540441

>>17540394
Im a cpa you want me to give you free advice, ill do it cause i like you.

>> No.17540450

>>17532638
I bought a double suicide stack (2037 stinkers to be exact) for $777.77 kek
Should have bought more. I did it for the memes

>> No.17540489

>>17540382
>I'm on the Smartcontract.com page
Yes you dumb ass, they moved it from the chain.link site over to smartcontract.com, and you don't think to ask why

>> No.17540531

Have any of you retards prepared for the massive hassle that will come with cashing out 1 mill+? Has anyone in here ever cashed out amounts like that? I’m curious what the bank and IRS’s process would be once a few 30-50k+ deposits start landing in an account biweekly for a few months from coinbase.

>> No.17540650

>>17540427
>>17540441
OK, so then regular income tax rate for people making 40 to 85K per year is 22%

and long term capital gains tax is
0% from 0 to 40k
and 15% for 40k to 400k

So for the long term capital gains, your tax bracket is based off of your capital gains + your salary right?
(i make 70k a year, i wont be paying 0% on 20k of long term capital gains)

>> No.17540689

Old eth fag and addicted to /biz/
Make it stack was never discussed because we never witnessed the bull prior to 17. However 1k + was pretty normal eth stack for us biz regulars.

Also the suicide stack for LINK IS 10k. The price was about $0.11 at the time when the meme came into existence . Every fucking shitcoin was mooning or had mooned while LINK was shitting the bed , although the post was still 5 LINK post to every 1 other coin post . So basically it wasn’t going away even though the performance was shit. So , basically a few of us Anons said dump $1000 for a 10k stack just in case the /biz/ was right.
So the confusion is , was it 1k or 10k.
Well it cost $1k to get 10k LINK.
This is all available information from archives early-mid 2018

>> No.17540713

>>17540689
Great, so I'm fucked with my 1k stack of LINK. Gonna kms

>> No.17540736

>>17540650
Plus 3.8% Net Investment Income Tax (obamacare tax) on your long term cap gain.
Plus your state income tax.

>> No.17540810

>>17540736
ah hell.

>> No.17540850

>>17540489
How many different products does SmartContract.com have? That was rhetorical. You are just being obtuse. SmartContract.com launches smart contracts. How do they retrieve the data for them?

>> No.17540874

>>17540810
You better hope Bernie don't win then... otherwise it'll be hell a lot more.

>> No.17540894

>>17532638
you need at least 100k link to make it anywhere

>> No.17540906

>>17540874
Eh, im a patriot.
cant vote for trump, so who ever wins the dem nom, wins.
if i have to pay more in cap gains taxes to help poor people, so be it.

>> No.17540936

>>17540689
You are a liar. It was never 10K suicide. 10K was always make it. The uncertainity of LINK's success in those days was extremely high. People gave the project so much shit that people didn't even buy a 1K stack for $200, thus well alright well when you want to kill yourself for not risking $200, you have no one to blame but you!

>> No.17540962

>>17540906
get out of here faggot

>> No.17540982

>>17535696
I have 1200 link from april 2018, I followed the breadcrumbs since december 2017.
I won't fucking sell ever. EVER.

>> No.17541008

>>17540850
So you're an insider that knows for sure that smartcontract.com the company is not building a network of oracle network that doesn't involved link the utility token. If swift asks for a centralized, KYC nodes that doesn't involve chainlink oracle market place, you think Sergey would say no? Sergey always maintained that the customers pay the level of decentralization and amount of security they're comfortable with.

>> No.17541015

>>17535696
2017 marine here. You're right. My LINK is stored as a recovery key in a safe deposit box. Never selling is not a meme.

>> No.17541030

>>17540962
I said im a patriot.
Not a spineless principleless faggot who sold everything they ever pretended to believe in over a cult of personality for a retarded person, and is too much of a coward to look in the mirror and realize he got fooled like a pathetic cuck.
Trump supporting pussy.

>> No.17541039

>>17535802
stop being nice to newfags, faggot.
t. pre sibos semi-newfag

>> No.17541053

>>17540906
If link 1K before the election, you might change your mind

>> No.17541074

>>17540531
I'm unironically going to ask my bank & account for advice

>> No.17541093

>>17541030
>calling me a cuck
>happy to support jobless niggers who sit around with their thumb in their ass all day

>> No.17541128

>>17541053
Yeah, i feel ya. Gonna be some pain.
Put like i said, principles come first. Gotta put your money where your mouth is.

>> No.17541129

>>17541074
*accountant

>> No.17541466

1k Suicide
10k Make It
100k Fuck You Money

>> No.17541508

>>17541466
For next year maybe, in 10 years people might be fighing for 1 stink.

>> No.17541555

>>17540650
>>17540736
Guys, so i can buy and sell 100 times and only pay the 20% on the total profit right?

>> No.17542113
File: 127 KB, 419x370, 1582837581523.png [View same] [iqdb] [saucenao] [google]
17542113

GUYS is it possible for a random anon to make a node yet? I want to start reporting current weather temps or something broad. What do I need to learn? Has anyone been doing this? Everyone talks about staking for income but I never see node discussions. I bought at fifty cents but could only manage 2,700 at the time, so I'm eager to make up for that with an early entry to the mainnet.

>> No.17542120

>>17540736
I thought the ACA tax was repealed?

>> No.17542127

>>17541555
Brainlet trips. Each trade is a taxable event in and of itself, recorded individually. And short-term capital gains do NOT usually get deductions for losses. Daytraders seething.

>> No.17542154
File: 38 KB, 623x371, 1_JJOL4zCCYLww7W7-O2CnEQ.png [View same] [iqdb] [saucenao] [google]
17542154

>>17540906
>so who ever wins the dem nom, wins
>imagine actually believing this

>> No.17542207

you guys on here with 10k or more... how the fuk do you expect to cash out later on with huge amount of money? the banks would be asking all sorts of questions and holding the money

>> No.17542316

>>17542120
https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax

>> No.17542365

>>17542207
Who would cash it out at once? And cashing it out from an exchange isn’t sketchy if you use coinbase. Your bank shouldn’t even care so long as you pay your taxes no one cares.

>> No.17542389

>>17541555
>>17542127
Lads, if youre taxed 20% on every win of 100 trades, its the same thing as being taxed for your over all profit.

>> No.17542479

>>17542120
>https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax
>8. What is included in Net Investment Income?
In general, investment income includes, but is not limited to: interest, dividends, capital gains, rental and royalty income, non-qualified annuities, income from businesses involved in trading of financial instruments or commodities and businesses that are passive activities to the taxpayer (within the meaning of section 469).

>> No.17542501

>>17542389
On every WIN. If you ever sell at a loss then that doesn't work anymore.
>inb4 just don't sell
>Just make 100 consecutive winning trades in a year