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22290600 No.22290600 [Reply] [Original]

Warning: This is why Chainlink (and Defi) is in a bubble and we are going to pop soon in a way that it will never recover

This 20-something guy has "all figured out". It's "free money", it's magic, he has outsmarted everybody. This is the biggest sell signal I have ever seen and this will not continue for long

God has punished people for hubris throughout history, the Chainlink twitter cancerous community is the most proud and filled with hubris "We are special. We have it all figured out"

God will punish for such pride, it is the worst sin

>> No.22290657

>>22290600
lol relax faggot

>> No.22290751

go back
not welcome here twitter fag
moooods show him the exit

>> No.22290814

they didn't astroturf this shit for 3 years to have it dump. It's a ponzi scheme designed to market their shit wef ccp system

>> No.22290965

>>22290600
I was irked that he revealed this but then I realized his followers that didn't already know about this have a cumulative savings of $100,000 that won't do shit to the pool.

>> No.22291054

>>22290600
Thanks for the post. Reported to the SEC.

>> No.22291087

>>22290600
if god wants to punish hubris there are a thousand other groups in the world that are above us on that list

>> No.22291178
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22291178

>>22290600

>> No.22291206

>>22290600
There is no god

>> No.22291208
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22291208

>>22290600
Top kek can someone explain where the profit comes from in above picture. Like someone must be losing money or paying for some kind of service.

-t brainlet

>> No.22291220

>>22291208
it's called a pyramid scheme

>> No.22291221

>>22291208
The pools use the liquidity to arbitrage mostly.

>> No.22291232

>>22291208
Have you been paying any attention to Andre Cronje?

>> No.22291301

The problem with all this stuff is gas fees are so high it's not cost effective unless you're throwing at least $10k around, which for me is too much to risk on something like this. So fair play to those doing it but it's not for everyone.

>> No.22291347

>>22291301
This whole yield farming thing has mostly just made the rich even richer.

>> No.22291372

How fucked would this pool be if Tether collapsed?

Then again, most of crypto would crash down 80% to their real levels.

>> No.22291375

>>22291347
In fairness it takes a good amount of research into the sphere and then risk, so i don't begrudge them. Barely anyone is actually yield farming.

However yeah unless you have 10k+ you don't mind putting in risky investments and at least $200 all in all for fees it's not going to be worth it.

>> No.22291540
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22291540

>>22290600
It would be a shame if someone short squeezed the market and got their positions liquidated.

>> No.22291673
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22291673

>>22290600
yield farming is a meme

>> No.22291823
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22291823

>>22290814
you linkies are absolute deluded cringe, they are dumping at an absolute premium right now and probably doubling down with margin as well
wake up

>> No.22291954

Why not just deposit LINK on AAVE and use the aLINK to deposit into the yearn aLINK vault? Still receiving 40% APY and way less risk.

>> No.22291975

>>22291823
Have you seen the early volume signatures for btc?

>> No.22292019

>>22291954
those super smart contracts really all do the same thing, farming and instadumping curve tokens.
So the real question is, who the fuck is buying a shitload of curve tokens every day?

>> No.22292047

>>22290600
how are you faggots not understanding that links scope is way beyond defi?

>> No.22292149

>>22290600
does this actually work
what if one contract gets fucked wont you lose all your linkies

>> No.22292164

>>22290600
3 years fag

>> No.22292172

>>22292149
no one's been fucked yet. the contracts are safu

>> No.22292183
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22292183

>>22290600
AHHHHHHGHHH I'M POOOOOPPPPINGHHH AHHHHH

>> No.22292194
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22292194

>>22292149
Biggest risk imo, is managing your Health Factor on AAVE. With the yaLINK vault the pool automatically rebalances so I don't have to worry about it. If there was a flash crash though, you might end up personally having to spend 1000+ gwei on transactions to unwind your leverage.

>> No.22292458

>>22291372
It says USDC dumbfuck

>> No.22292497

>>22290600
T. Left behind and can not understand how basic things work

>> No.22292629
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22292629

>>22290600
> Defi is a bubble
> Stocks are in a bubble
> Money printer go brrr
Inbetween stupid boomers and chink scammers I hope and pray some of us make it just to sit back and laugh

>> No.22292739

>>22292194
Just don’t use leverage on aave. Sure profit is not as high but the risk is only on the yearn smart contract

>> No.22292773

>>22290600
yes it's all a bubble, yes all those tokens are going to zero.
Smarter people are going to sell and eth (and maybe to other assets), the rest is going to lose everything - the money has to come from somewhere

>> No.22292850

>>22291208
I made that meme! Woo!

>> No.22292883

>>22291208
>Like someone must be losing money or paying for some kind of service.
people who buy these tokens
whole crypto is a ponzi scheme so far, the onus is on ethereum to start generating real staking income on something else than ponzi schemes. Nothing else has a chance.
Visualize wealth flows and you will realize how obvious it all is. Miners waste energy and hardware, dump on buyers to get that back + profit. Early buyers dump on later buyers. Founders dump on everyone. Yield farmers dump on everyone.
There's no added value anywhere in the system so far.

>> No.22292979

>>22291301
even 10k will barely be worth it

>> No.22293004

why is snx paying 63% on aave

>> No.22293039

>>22292019
>So the real question is, who the fuck is buying a shitload of curve tokens every day?
this is indeed the question
i think its the fed

>> No.22293141

This scares me and it absolutely is a bubble. The thing is this only involves LINK because it is used as collateral. If it wasnt it wouldnt cause a link bubble.
This could harm links potential as LINK is much more than a DeFi token. Its a tiny part of Link. If brainlets create a premature bubble thanks to this though it may peak much earlier than and lower than it should like say 100$ at most before huge bubble pop thanks to shitty yield farm bubble which is nothing to do with link

>> No.22293330

its a bubble with no solid foundations. Where is the money coming from? It has to be going from one person to another, they cany create money out of thin air like tether and the fed

>> No.22293426

>>22293039
I think binance, coinbase... more likely

>> No.22293464

>>22291540
Sauce?

>> No.22293496

>>22293426
why does coinbase want it

>> No.22293497

Can someone explain to me in basic terms how this shit works?

>> No.22293519

>>22293497
Yes you stop taking your meds then go on 4chin and spill autism all over the new post box.

>> No.22293546

dont forget the new crypto regulations coming soon. Will make this shit a lot harder. New global regulations coming in the next 6 months.

>> No.22293665

>>22290600
Nobody cares but at the first sight of this type of transaction I've been ready to pull the plug even after making some serious YFI returns. I sold the YFI top. DeFi as a whole was made for this and lending in the crypto space to me can only be a scam as of now and the foreseeable future.
I sold everything last Monday.

For those who care:
Eth based tokens will be the slowest to recover from impending crash, and of those on Eth and L2 solutions will be back. Everything else is likely going under. Yield farming is over.
BTC (Tentatively BSV) and Privacy coins with their own blockchain I think will be next as crypto returns to it's "roots." Zcash just had a successful hardfork (extremely bullish) with private mining, XMR has just always been solid. Returns will be lower but will be a better return than most everything people are in right now.

Wait for a better L2 solution before you begin getting back into Eth blockchain and "DeFi" projects backed by Eth.

>> No.22293709

>>22290600
Crypto was literally built for these financial applications, traditional finance has way more interconnect and complicated derivatives. This is a sign of the space maturing and becoming something useful, not a bearish sign.

>> No.22293919

>>22293709
lol, no. Overvalued scams are not healthy. And there will be a big crackdown on these projects soon, I promise you that.

>> No.22293929

>>22293496
exchanges are in comp already, coinbase provided usdc to uniswap...
they want to have their share in the daos, it is a long term play but most tokens for curve will be distributed over the next year so...
I mean collecting fees is their business, no? some of those daos already do more volume than the smaller centralized exchanges. and no one wanzs to oay listing fees in 2020 anymore.

>> No.22293993
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22293993

>>22290600
Defi will move into CZs yard.
Lucky for us that swipe an Binance chain allready uses link in a partnership.

>> No.22294083

>>22291954
40% APY is a lot, what's the catch senpai? are AAVE and yEarn smart contracts audited? are there financial risks like being liquidated or some shit? has there been an instance of an audited smart contract that got hacked?
Got a 50k link stack I could live like a king with 40% APY kek but I don't know shit about defi I'm still stuck in that we need eth 2.0 and a instant feeless dex to be able to go to the next stage where oracles and defi are usable

>> No.22294084

>>22293993
lol desperate cz, he realizes that he has to built something with incentives if he wants to get his scam going? its like pearl on tron otherwise...

>> No.22294107

>>22293993
this will be farming that the average joe can handle, without the risk of smart contract bugs, and with safu insurence up to 10mill.
the bubble just begins.

>> No.22294131

>>22290600
it's a playground for idiotic financial derivatives, except the participants are mentally retarded NEETs and not ivy league educated jew financiers.

>> No.22294133

>>22294083
the shares of the future financial monopolies are being distributed right now and everyone leverages himself to death to farm as many as possible. thats what I think.

>> No.22294162

>>22294131
that was my mindset when I first heard about bitcoin in 2010

>> No.22294204

>>22294162
in retrospect bitcoin was interesting. these ERC20 tokens and yield farming schemes are nothing but uninteresting scams.

>> No.22294235

>>22291301
get in on tron defi

>> No.22294272

>>22294204
maybe but defi isnt only about yield farming.
i think major players like cz know what they do.
providing liquidity for gains sounds based.
1000x farming is not sustainable. nobody belives that.

>> No.22294350
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22294350

>>22290600
>NOOOOOOO YOU LITERAL ZOOMIES CAN'T MAKE SIX FIGURES WITH RUNESCAPE FARMING YOU NEED TO LEAVE YOUR LINK IN COLD STORAGE UNTIL IT'S 6 GORILLION USD

>> No.22294437

>This 20-something guy has "all figured out". It's "free money", it's magic, he has outsmarted everybody. This is the biggest sell signal I have ever seen and this will not continue for long>God has punished people for hubris throughout history, the Chainlink twitter cancerous community is the most proud and filled with hubris "We are special. We have it all figured out"
They figured out enough to invest in LINK within the past 2-3 years which is apparently more than you could do.