Liq. Price $13.57

[Anonymous No.21168785]

Let's go boys

https://debank.com/portfolio/0x108e4bfd9cda6243e1de53b71d08a0111974efc1

[Anonymous No.21168845]

That is a crazy bet

[Anonymous No.21168866]

>>21168785
Incoming

[Anonymous No.21168885]

>>21168785
rekt incoming

[Anonymous No.21168894]

third time is the charm

[Anonymous No.21168912]

>>21168785
theres less than 100k link in the order book on the sell side of binance, you could probably get some whale to eat it

[Anonymous No.21168929]

This time it actually will work out link is going back to 7 soon

[Anonymous No.21168935]

>>21168912
Doesn’t really work that way. It’s a reflection of the global sells

[Anonymous No.21168937]

>>21168894
this guy gonna rope in couple of mins

[Anonymous No.21168941]

btw does anyone know the price this guy decided to short at?

[Anonymous No.21168970]

>>21168929
7 is a far drop esp before conference. Might go there after if sergay disappoints

[Anonymous No.21168979]

>>21168935
if one large exchange like binance started pumping real hard wouldnt the bots on other exchanges start doing the same thing?

[Anonymous No.21169000]

Can somebody explain to a brainlet why they didn't get liquidated last night when we shot up $13.99?

[Anonymous No.21169015]

>>21168894
degenerate gambler

[Anonymous No.21169137]

I hope you make it OP, link is a piece of shit that deserves to die already, stupid scam.

[Anonymous No.21169322]

>>21169000

I guess he opened this since then?

[Anonymous No.21169390]

i wish people would learn not to short shit that is considered to have cult status. tesla, amazon, link. stop it, it only ends in tears and im not even a linkmarine

[Anonymous No.21170086]

bump

[Anonymous No.21170172]

>>21168785
Are you feeling it now mr krabs?

[Anonymous No.21170190]

>>21170086
>13.25
Oooouuuuhhhouuuuuhhhhh poooppooopppiipiieeepeeepopidupiieeeee bye-bye bye-bye byebyeeeeeee

[Anonymous No.21170213]

>>21168785
coming in hot

[Anonymous No.21170270]

he is going to get rekt.

[Anonymous No.21170291]

>>21170190
https://www.youtube.com/watch?v=QaG2Acg8n60

[Anonymous No.21170336]

>>21169000
probably the chainlink price oracle didn't update fast enough, or the price increase was only concentrated on one exchange etc.

[Anonymous No.21170340]

>>21168785
This makes no sense. They keep getting wrecked and still come back for more. Is this the ultimate testament to man’s greed and stubbornness?

[Anonymous No.21170399]

>>21170291
Nice

>13.26
Ouuuouuuuuh commmming cloooosaaaa aaahhgggggaaaaaaa gguuguugaggaggggaaaaaa moooommyymkoooommmmyyyyyyyymoooooommmmmmm bbbyyyeeeebyyeeeeeeee babababababyyeeeee

[Anonymous No.21170439]

>>21168785
This man's liquidation will be like the assassination of Archduke Franz Ferdinand that leads to the GBR. Screen cap this.

[Anonymous No.21170444]

>>21170399
Bimance 13.40 ghheeehehehehhegeheheeeeeee ooooiuuupppssiiiiduuuuuppsyyyyyy ghhhhggggggoooooooooojjjjjmooooooommyyyyy byyyeeee

[Anonymous No.21170459]

>>21168894
are you still alive?

[Anonymous No.21170468]

>>21170399
>>21170444
Checked and based toddler posting?

[Anonymous No.21170499]

13.50

[Anonymous No.21170503]

>>21170444
Bimamnmce 13.50$ ggggaaaaaaaaaahhhhhhggghhhaaaaaaaaaa iiiihhhhooopjjppoooooooomooooommmyyyyyyyy bbyyyyyeeeee aaayyyybyyeeeeeeeeeeee hhhhuuuhuuhuhuuggggbbbyeee

[Anonymous No.21170531]

>>21168785
thanks for the fuel GOY

[Anonymous No.21170570]

>>21168785
Just deposit some of the LINK back dude, make Liquidations price 14 at least

[Anonymous No.21170604]

>>21168785
holy shit op is going to make it

[Anonymous No.21170617]

I CANT BREAAAVE

[Anonymous No.21170636]

>>21168785
>13.50

Holy fuck imagine being him right now

[Anonymous No.21170664]

>>21169390
yeah watched my dad bet against telsa. i told him to knock it off. he didnt listen.

[Anonymous No.21170673]

>>21170636
Imagine being so rich you can gamble like this

[Anonymous No.21170702]

>>21168785
these retards know something

[Anonymous No.21170736]

>>21170702
He probably longed LINK on a different site

[Anonymous No.21170813]

>>21170736
He should only be longing and shorting to hedge if he has any brains. That means he either has a metric fuckton of link that he is hodling or this is part of a hedge fund or something.

[Anonymous No.21170817]

The problem with this kind of public bet is that there are other rich whales who would like to see a Chad like you to get liquidated.

This game on that level is not about money anymore but only about amusement to kick the other of.

[Anonymous No.21170846]

>>21170336
I’m all in link and have been for three years but kek

[Anonymous No.21171026]

>>21168785
You are fucking mental

[Anonymous No.21171065]

>>21171026
Are you suggesting... he is a maniac?

[Anonymous No.21171115]

>>21168785
>Implying he doesn't want to get liquidated
AAVE is the new way for whales to accumulate Link with little slippage. They can't get this amount of Li I in the open market. The sooner they get liquidated the better as they pay less interest

[Anonymous No.21171132]

>>21168785
imagine holding link 2 years and band protocol does the same in under 1 month. kek

[Anonymous No.21171177]

>>21168785
Image posting your liquidation price. Good luck with that op
>>21168866
Look at that bull flag.

[Anonymous No.21171222]

>>21168785
the absolute madman. Include me in the screencap once he is liquidated

[Anonymous No.21171251]

>>21171222
he got liquidated twice already last night, pic related

[Anonymous No.21171278]

>>21171115
200IQ move right here

[Anonymous No.21171306]

>>21168785
could you explain to me why it seems that Link is mooning just to liquidiate all these JEWS?

PLEASE

JEWS SHORTS = BULLISH?

[Anonymous No.21171336]

>>21171115
can you elaborate on this? how does it work?

[Anonymous No.21171350]

>>21171278
The wallets ask for the links and let them sit there waiting for liquidation.
AAVE Link lenders are the ones getting fucked if they want to recover their Links. That's why after every AAVE liquidation there is a high pump: lenders of Link want to recover them and have to pay a higher market price. Only liquidators and whales win

[Anonymous No.21171363]

>>21168912
>theres less than 100k link in the order book on the sell side
so why the fuck do these jews open short positions?

[Anonymous No.21171393]

>thread theme
https://www.youtube.com/watch?v=mIbyUVLKwYY

[Anonymous No.21171444]

>>21171336
>Be whale
>Get $6M worth of Link from AAVE
>Put $8M worth of collateral
>Let the links sit in a wallet
>Wait for liquidation or provoque It
>Liquidation happens
>Disregard worthless collateral, get huge amount of Links with little slippage

[Anonymous No.21171458]

>>21171115
Why would they pay interest if they’re getting liquidated?

[Anonymous No.21171494]

>>21171458
They pay interests for the duration of the loan. The sooner they get liquidated the less interest they pay

[Anonymous No.21171504]

>>21171444
Maybe im a brainlet but what happens then when all the link on aave has been taken out that way, how can aave give it back to the lenders?

[Anonymous No.21171506]

did you get liquidated?

[Anonymous No.21171513]

>>21171350
Wait so I am gonna get fucked if I have deposited LINK on AAVE?

[Anonymous No.21171517]

>>21171115
I actually think this is the most logical too. It seems unlikely these huge whales are all betting against the best performing coin. Either way, incredibly bullish.

[Anonymous No.21171537]

>>21171444
based

>>21171504
the collateral is used to market buy the link back. if the collateral isnt sufficient, then the people deposting their link on aave doesnt get them back. correct me if im wrong

[Anonymous No.21171555]

>>21171494
Okay let’s say he deposited USDC and withdrew LINK. On AAVE he owes interest on the USDC but he could just not interact with AAVE anymore from that address and interest becomes irrelevant does it not?

[Anonymous No.21171560]

>>21171537
Okay but then if the whales buy link over price but not as bad as it would be if they market bought the full amount, how does the collateral manage to buy it back without being priced out of the full amount?

[Anonymous No.21171590]

>>21171560
thats the problem, the collateral % must be high enough to handle this

if you require 150% collateral then you can only handle a +50% increase in the price of link when you try to market buy them back

[Anonymous No.21171603]

>>21171504
Liquidations happen in the liquidation market. New link has to be deposited so the debt can be liquidated. Liquidators deposit Link and get part of the collateral. Once they debt is liquidated, liquidators and lenders go to the open market to get their Links back (competing for them and pumping the price). There will always be Links, the problem is the price

[Anonymous No.21171652]

>>21171603
are similar strategies used to accumulate btc or eth? whats the attraction of link here?

[Anonymous No.21171710]

>>21168785
>13.40
Oh shit here we go
Waiting for a fat pump when we touch 13.57
Lmao

[Anonymous No.21171743]

>>21168785
coming in HAWT

[Anonymous No.21171764]

Just bought 1000 more link just to shit on this guy

[Anonymous No.21171774]

>>21169000
Avae Price Oracle was too slow, and he managed to add more collateral

[Anonymous No.21171794]

>>21171774
Rly?
What’s his new liq price?

[Anonymous No.21171804]

>>21171513
Yes, if the Link price goes up. You are hedging against Link run, basically
>>21171555
He doesn't need to interact to get charged by interests. Liquidation price goes down with accumulating interest, meaning liquidators will get more collateral with less Links. Accumulated interest rates degrades collateral

[Anonymous No.21171810]

>>21171590
>>21171560
wouldn't this just create a massive positive feedback loop? If its true that this is a new way for whales to buy they effectively paid $17.17 per link

[Anonymous No.21171831]

>>21171774
They're using Chainlink..

[Anonymous No.21171836]

>>21168785
You LINK marines have mutated from a protective force to a bunch of pillaging barbarians mutiny against your Generals. I like it

[Anonymous No.21171898]

The funny thing is these people who think it’s a scam are the ones that short it. Who wouldn’t right it’s gone up too much too fast. We know what the project is so we get it. It’s easy to laugh at people like that. It’s like shorting tesla

[Anonymous No.21171900]

>>21168785
Why didn't you open it at 7.40$ or 9.22$ like a normal person? like a normal 10/10 student who did his homework.

Getting jealous, I should have longed since 5 dollars, I would have had 5million dollars now.

[Anonymous No.21171914]

hahahahaha

[Anonymous No.21171930]

fucking owned

[Anonymous No.21171934]

>>21168785
REKT

[Anonymous No.21171937]

RIP OP

[Anonymous No.21171938]

uh oh

[Anonymous No.21171939]

Liduidated.

[Anonymous No.21171940]

>>21171603
So the liquidator must deposit link to get the collateral ? What if there are value discrepancies? Is it possible for link to suddenly cost more than the collateral?

[Anonymous No.21171957]

That’s what I said

[Anonymous No.21171968]

Hahahahahahahahahah

[Anonymous No.21171974]

HAHAHAHAHAHAHA

[Anonymous No.21171975]

There she is boys

[Anonymous No.21171983]

i shidded

[Anonymous No.21171986]

>>21171940
Normally liquidators are fast enough as they get way more collateral than market selling Link. You will see it now. This debt will be liquidated in less than a minute

[Anonymous No.21171987]

>>21171804
But he doesnt care if he gets liquidated, he just wanted the LINK

[Anonymous No.21171990]

I said it above in my post

[Anonymous No.21172005]

liq'd

[Anonymous No.21172027]

We went to 13.8 yesterday why the hell would anyone Short. Just people that don’t understand the project basically. A lot of idiots just trade charts don’t forget

[Anonymous No.21172034]

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.21172091]

LOOK AT THIS DUUUUUUUUUUDE...OH NONONO

[Anonymous No.21172103]

That’s the problem I mentioned above. There are plenty of others who just want guys like him get liquidated to just amuse themselves over it.

How can you even post public such a tread *shaking head*

[Anonymous No.21172116]

>>21172103
Go back.

[Anonymous No.21172122]

>>21171986
So the liquidators get 8 million in collateral for 6 mil in links? Seems like a sweet deal. How do linkies lending link get their cut? I assume out of the collateral?

[Anonymous No.21172166]

>>21168785
3 cents to go

[Anonymous No.21172170]

Are you angry now that you got liquidated? I mean I told you about it...

[Anonymous No.21172203]

>>21172122
Ya that’s a pretty crazy return. I mean the lenders always win right, obviously if the price drops it sucks but it was going to drop anyway right and you’d just be holding your dick.

[Anonymous No.21172207]

>>21172170
Retard it's not him it's probably Simeon from nexo. Whee have you been?

[Anonymous No.21172218]

https://m.youtube.com/watch?v=p9_BsjMi4bM

[Anonymous No.21172224]

>>21172170
>Can't even reply properly
phonefag redditor

[Anonymous No.21172241]

Dont do it anon
file for bankruptcy

or move to south america

[Anonymous No.21172260]

So does aave need to buy 500k LINK relatively shortly?

[Anonymous No.21172270]

You literally never swing a link

[Anonymous No.21172271]

>>21171983
Based and comfy sleep pilled

[Anonymous No.21172281]

Is anon gonna be okay? I have no idea how this gambling or shorting with leverage or whatever works. I just own nearly 2k link for the memes

[Anonymous No.21172294]

I’m a link marine *shaking head*

[Anonymous No.21172322]

>>21172294
Smh my head

[Anonymous No.21172331]

>>21171898
What I think is stupid is they think it's a scam but why does that even matter in such a short timeframe, fucking bitbean was 300 sats it doesn't matter if something IS a scam in crypto it can still liquidate you before people realise it's a scam

[Anonymous No.21172361]

Why short LINK? Why not just buy DIA? Better ROI and you get a moon-bag out of it after you sell your 10x.

[Anonymous No.21172376]

>>21172294
This is some artisanal bait

[Anonymous No.21172409]

>>21171810
It is, as long as the feedback loop is positive it can continue.

[Anonymous No.21172415]

>>21172122
I just did part of the liquidation to see how it works and lost $14 due to high gas fees.

[Anonymous No.21172423]

Why has he not been liquidated yet?

[Anonymous No.21172444]

I’m real

[Anonymous No.21172456]

>>21171590
I would have assumed being defi all this would have been calculated and built into the collateral ratio.

[Anonymous No.21172472]

>>21172331
People are dumb they think they’re smart. They won’t even do research just think hey it can’t go up like this short it. Know literally nothing about the project either

[Anonymous No.21172494]

>>21172444
What is this some Spielberg AI shit?
>I was here!

[Anonymous No.21172509]

>>21172472
>i'm in it for the tech

[Anonymous No.21172521]

>>21172444
Doubt it

[Anonymous No.21172535]

>>21172509
Midwit detected.

[Anonymous No.21172574]

Well think what you want. If you are OP I’m sorry that you got liquidated but I warned you in my posts...

[Anonymous No.21172614]

>>21168785
We really deserve some congrats for withstanding even vitaliks fud or oracles not worth 30M. Hahaha vitalik we coming for you bro!

[Anonymous No.21172620]

What pairs does Aave allow for borrowing? Can I borrow STA?

How about other platforms like COMP and Maker?

[Anonymous No.21172668]

>>21172415
Kek I guess it only makes sense to do large chunks. Did you only liquidate a tiny bit? 14 bucks loss seems like it wouldn't make sense to liquidate

[Anonymous No.21172702]

>>21171898
link is a scam which is precisely why it's dumb to short it. when valuation isn't driven by fundamentals any point you pick to short is arbitrary

[Anonymous No.21172721]

>>21172614
>it's not about the money, I just want people to accept my superior intellect
>please notice me Vitalik

[Anonymous No.21172752]

Are we just going to moon to $100 based off liquidations alone?

You're meaning to tell me the no linkers and swingies are directly responsible for our success?

[Anonymous No.21172816]

>>21172752
Read the thread.
These "epic liquidations" are just the only way for these guys to buy millions' worth of LINK at a time without destabilizing the market.

[Anonymous No.21172852]

>>21172816
Okay I'm on the low IQ end, please explain this so that a monkey can understand it. Thank you advance anon. Here's your waifu who doesn't cheat and cooks all your meals once you make it.

[Anonymous No.21172854]

>>21172816

This makes no sense because the market is anything but stable right now

[Anonymous No.21172914]

>>21172816
That is the dumbest idea ever and it depends on the market bring extremely volatile.

[Anonymous No.21172941]

>>21172852
When you get liquidated, you are forced to buy the amount of link you had betted against, for the market price LINK is at when you get liquidated.
That means that they end up "having" to buy whatever amount of LINK their bet was for, with LINK supplied by private wallets that decide to supply LINK for the liquidation.

This way, they can get multiple millions worth of LINK at once, without having to market-buy and accidentally causing a pump in the process, on top of getting to buy all of that LINK for a single pre-selected price, instead of the price going up the more they try to buy it.

>>21172854
>>21172914
It's still more stable than it'd be if someone tried to buy 10 million of LINK in one go.
A buy order would create a gigantic wall, hindering the coin's price growth, and market buying would mean overpaying for pretty much half the coins in your order.
Through the liquidation, you get to buy the amount of LINK you wanted, while also leaving the market price untouched the whole time you're waiting.

[Anonymous No.21172963]

Bend the knee or eat the dust. No middle ground. Rip OP

[Anonymous No.21173009]

>>21171115
This anon gets it.
This anon will make it.

[Anonymous No.21173018]

>>21172941
Sounds retarded. You could get more LINK for cheaper buying on the market.

[Anonymous No.21173019]

>>21172941
So why are they fudding it to death? It's just a larp and there's some rich people buying up the supply this way?

[Anonymous No.21173020]

>>21172941
Okay that makes sense. So you're suggesting these people are purposefully making shitty bets so that can get more LINK?

Who is offering their LINK as collateral?
Do the people making these bets have to pay anything back? Surely this can't be daylight robbery, not in crypto, certainly not

[Anonymous No.21173042]

>>21172423
because it's a bunch of bullshit to get people to buy link.

[Anonymous No.21173176]

>>21173018
There is literally no market on the internet where you could buy 10 million dollars of LINK without severely destabilizing the price.
Name A SINGLE market with a volume high enough not to get fucked if someone was to put up a wall of 10 million dollars on any price point.

>>21173019
How are they fudding it?
The average cryptobuyer doesn't even know how to check for existing bets, and most of those that do don't even know how this stuff works.

These hype "We're gonna liquidate this whale!!" threads are just made by randos that think this stuff works like their private long/shorts, where liquidation means losing everything

>>21173020
>Who is offering their LINK as collateral?
You can stake your LINK on the site for payouts, it's a way of selling great quantities of coins you wouldn't be able to sell in huge quantities without tanking the price.
>Do the people making these bets have to pay anything back?
"Buying" through a failed bet costs quite a bit more than it'd cost on an exchange, but since no exchange has the volume needed to support buys of this size, this is the only way a whale has of buying ginormous stacks.

[Anonymous No.21173242]

Braindead, retarded smooth brain here... can someone please explain how the fuck any of this works? I kind of understand conceptually how shorting works, but the whole ‘liquidation’ part goes over my head. What exactly is AAVE and what problem is it solving? Reading their website didn’t help because I’m a smooth brain retard. Thanks.

[Anonymous No.21173316]

>>21172941
>This way, they can get multiple millions worth of LINK at once, without having to market-buy and accidentally causing a pump in the process, on

So basically you have all this short pressure on the market.

But now you no longer have whales driving price action higher because they dont need to anymore.


Uhhhhh

[Anonymous No.21173433]

>>21173316
It's not like artificial pressure is the only thing dictating a token price, anon.
If someone thinks it's going to go up for other reasons, "spending" some market pressure to acquire a huge stake in the coin isn't a bad deal.

[Anonymous No.21173491]

>>21173433
>It's not like artificial pressure is the only thing dictating a token price, anon.
No but from my understanding alot of short sellers strongly encourages downwards momentum and outright dumps.
If what youre saying is true this isnt that bullish for Link in the medium term because alot of bullish volume is now being directed to off-market sales which wont pump the price.
Kinda hoping you prove me wrong here though

[Anonymous No.21173510]

>>21173491
>If what youre saying is true this isnt that bullish for Link in the medium term
I don't think anyone buying 10M+ of a coin is looking for a quick buck, it's more of a long term gain signal.

[Anonymous No.21173586]

>>21173510
Still doesnt change the fact that you now have a market condition where whales dont pump the price or cause any bullish action, and only short the market creation bearish pressure. Almost seems like they are shooting themselves in the foot here and will be left holding there dick wondering why nothing pumped

[Lion of LINK No.21173674]

>>21173586

There isn’t that much LINK on AAVE in the scheme of things. That’s where the difference is, and it won’t last forever either.

The minute LINK asset utilization gets to like 50% people will start pulling their LINK. It’s a short term lull that will lead to another huge pump when it runs its course.

You have to remember the people doing this are extremely far sighted. In the short term they are taking a 10%-30% loss “buying” LINK over its current market price.

[Anonymous No.21173765]

>>21173176
Does this mean that AAVE will have to buy $10m back of link sometime in the not so distant future?

[Anonymous No.21173829]

>>21173765
The liquidity used to liquidate orders is offered by private wallets staking their coins, I have no idea in what part the exchange itself is providing funds for every trade.

[Anonymous No.21173836]

>>21173176
Okay this is very good info. Thanks for the spoon feeding. I unironically bought link because 4chan is never wrong, but I suppose now that I have actual money to invest I should be learning these things. Thanks again man.

Have a brap queen. You've earned it my friend.

[Anonymous No.21173868]

>>21173674
That makes sense to me now, thankyou for the spoonfeed.

[Anonymous No.21173870]

>>21173765
If a bank run on aave happens, yes

[Lion of LINK No.21174119]

>>21173868

You will know the bubble is about to pop when there are threads about outstanding liquidations that no one will buy.

On AAVE you buy with what the other person borrowed it’s all decentralized moving parts.

So for simplicity’s sake say party A borrowed 100 LINK and put up 10,000 USDC as collateral. When it reaches a certain threshold that smart contract will show up for liquidation.

Party B can then liquidate the loan by supplying 100 LINK and will take an extra 5-10% bounty from the collateral.

You will know that this process has reached critical mass when no one is willing to part with their LINK to close outstanding liquidations because even with a 10% bonus they know they will not be able to rebuy them, or the collateral issued is “worthless” by comparison.

[Anonymous No.21174224]

>>21173765
Liquidations are done in the liquidation market

[Anonymous No.21174405]

>>21173176
>There is literally no market on the internet where you could buy 10 million dollars of LINK without severely destabilizing the price
10 mil isn't much. You could buy that on multiple exchanges and pay less than borrowing from aave

[Anonymous No.21174420]

>>21172852
>explain this so that a monkey can understand it
UUUGA BOOGA HU HU AH BOOOOGA UGA U GU UUGA HU A

[Anonymous No.21174544]

>>21174119

What bubble? You mean Aave borrowing will no longer be effective to accumulate Link?
Or do you mean that there is so much europhia that liquidators wont take 10% bonus because they think Link is going to go up so much that they’d rather keep the Link?(which is a sign of mania peak bull market)

[Anonymous No.21174663]

>>21174420
Thanks anon for the chuckle.
You'll be reward with a less valuable 3D model waifu

[Anonymous No.21175289]

>>21174405
I was thinking the same but these whale shorts are in the range of 5-15 mil USD which is 400k-1.2 mil LINKs.
The candle yesterday that pumped price from 11.80 to 13.60 was only 600k LINKs. I think this theory holds its weight. Only way you lose is if LINK crabbed or dumps after hitting liquidation price.

[Anonymous No.21175308]

>>21174119
Can I borrow and margin trade at the same time? all these tiny differences between loaning, margin, futures is annoying to someone who never did it.

[Anonymous No.21175456]

>>21169000
Yes. Id like to know

[Anonymous No.21175887]

>>21173242
Aave is a lending platform.

You can borrow up to X% of what you supply (depending on which coin you put it).

If what you borrowed becomes more then Y% of the collateral, it becomes liquidated, as it's undercollateralized.

People can then pay part of the debt, and recieve part of the collateral back + a fee.