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2023-11: Warosu is now out of extended maintenance.

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27738147 No.27738147 [Reply] [Original]

How is Chainlink not #3 on market cap when literally everything depends on Link to function. Either everything is crazy overvalued and we are headed towards a crash or the market is delusional in not seeing the value of Link. Yes I am coping

>> No.27738412

>>27738147
CUT MY LIFE INTO PIECES THIS IS MY LAST RESORT DUMPICATION NO PUMPING

>> No.27738533

>>27738147
Token not needed mate

>> No.27738655
File: 10 KB, 235x215, 1582497552265.jpg [View same] [iqdb] [saucenao] [google]
27738655

>>27738147
They are suppressing LINK to make us sell,

No one knows when it will end, but it will end

>> No.27739776

>>27738533
I am starting to believe this. The token really isn't needed

>> No.27739860

>>27739776
dude, supercomputes on each city will make link obsolete, haven't you heard?
We're just talking about this dead shitcoin for the lulz now

>> No.27739978

>>27738655

>> No.27740181

>>27738655
the people suppressing link have an investment horizon on the order of decades and $billions in income from other crypto bullshit. it will be a while anon

>> No.27740182

>>27738655
checked

but no I think it's just being supressed so more people buy in
or the whales are shitting, who knows

>> No.27740427

>it's being suppressed
How does this even work? How can you suppress the price other than by selling? And if you're suppressing because you want to buy more, then you shouldn't be selling. If you're suppressing and actually at the same time buying more, then you're not really selling but netto just buying, so how does that suppress anything? I just don't get it desu

>> No.27740432

>>27740181
oy vey I better sell then

>> No.27740617

>>27740427
Whales try to cause a panic and make others sell as well, then buy back both what they sold and also what the retards sold.

>> No.27740865

>>27740617
baka if stupid niggers are falling for that

>> No.27741220

>>27740865
some stupid, some just very very tired...

>> No.27741229

>>27738147
>literally everything depends on Link to function.

Yes, smart contract API token
No, everything doesn't depend on link

>> No.27741336

>>27738655
the people suppressing link have an investment horizon on the order of decades and $billions in income from other crypto bullshit. it will be a while anon

>> No.27741542

>>27741229
hey semantics, awesome. sorry sweaty but the majority of smart contracts and of course defi uses link oragles.

>> No.27741717

>>27738147
OG linkies does someone have a link to the old meme video of link that looks like a movie trailer, with rajesh as pajeet playing pool, then the bogs talking about quantum stuff and a pajeet robot running through a city?
Been searching warozu for an hour now and nothing.

>> No.27741845

>>27738412
SUFFOCATION
NO LINKING
DONT GIVE A FUCK
IF THESE BAGS STOP MY BREATHING

I WILL NOT SELLLLLLLLLLLLLLLLLLLL

>> No.27741913

>>27738147
This is how you make money retard. You find inefficiencies in the market and go all in. Now go all in on link. But you won't because your a loser pussy. You can't take the risk because you have no balls. This is the truth. Golden bull run link 500 eoy minimum. Now go cry to your mommy eoy when you could have made fuck you money. But instead you didn't go all in because your a basedboi.

>> No.27742059

>>27740617
>>27740427
no retards, you buy OTC then sell on market, then rebuy OTC

>> No.27742626

>>27738147
Do you need to spend LINK on anything? No, it is not the reserve coin of anything people speculate on.

There is literally nothing more to it. ETH was needed for ICOs. DOT will be needed by speculators to flip into parachains. ADA will probably be the reserve of whatever shit ICOs launch on that. LINK has nothing until pools start launching that sell their staking shares in denominations of LINK. Actually there will be a rise half a year before that to start pricing people out of accumulating it so that the whales can get their returns.

For now it's just being reliably mediocre as a store of value against the rest of the crypto market.

>> No.27742776

>>27738533
checked

>> No.27742936

>>27740427
It's an unregulated space. You do it by wash trading, arbitrage, disclosing order books, the exchange itself trading against customers, and various raids and attacks that are well documented and perfectly fine here. You will not get it until you study it.

All of this is supported by paid and unpaid shills who try to farm sentiment.

>> No.27742965
File: 36 KB, 1221x597, 184724.png [View same] [iqdb] [saucenao] [google]
27742965

>>27741913
>go all in into one the worst performing crypto of 2020

>> No.27743018

>>27741913
based except no way link hits 500 EOY I'm thinking $60-100, probably $300 EOY 2022

>> No.27743482

>>27740427

Nearly all of the volume of crypto is wash trading between whales who are accumulating. That is the real truth as crypto is completely unregulated. Retail in the space is too small and doesn't have the liquidity to actually move the price in any meaningful manner. So when the price expands exponentially its because the whales look at their data and realize they aren't accumulating anymore in the given price channel its nearly all just wash trading. They pump the price to create new sellers and then depress it to create new bagholders. Overall the long term trend is up though because LINK has actual real world value. This is the reason so many 2017 projects died and never came back. There are no whales or institutions accumulating many of those projects because they didn't provide any long term value.

>> No.27743731

>>27738147
In my years lurking this board I have seen Link being shilled so much that it actually went from 0.022 to whatever it is now. Good for you. However, I cannot fathom that you still did not understand that this coin's only purpose is making Sergey rich.
>Hurr durr we need those extra Link that are not in the pool for nodes and as an incentive for cooperations with companies
>Oh the price went up significantly? Let me drop my 1.5m Link bags on you guys, nothing personal bro. You don't mind right?

>> No.27743734

>>27738533
Checked and Based

>> No.27743764

>>27742965
>2020 started in august

>> No.27743849

>>27743018

You'd be surprised. These bull cycles top of with prices that extend beyond all rationality. I've seen many legitimate forecasters suggesting $400+ isn't outside the realm of possibility. So much fucking money is going to flood in this cycle. If you understand how MCAP works it only takes 100Billion+ of liquidity to pump the MCAP to multiples of trillions. I bet we will see over 5 Trillion total MCAP this peak. We are already over 1T and just getting started.

>> No.27744017

>>27743764
>go all in into one the worst performing crypto of the last semester
Is it what is called cultist delusion?

>> No.27744032

>>27739860
supercomputers running chainlink nodes

>> No.27744049

>>27742936
High IQ

>> No.27744056

>>27738147
>literally everything depends on Link to function
how? I've seen a few places using link, but you're telling me 90% of the defi market is using link? show me

>> No.27744123

>>27744017
Zoom out

>> No.27744309

>>27738147
I am all in on LINK and never selling but the one FUD I genuinely have concern for is LINK being tied to ETH. ETH fucking sucks and is getting worse every day. I hate that LINK is tied to it.

>> No.27744679

>>27744017
>the best performing asset of the semester before that
>the best performing asset of the last 3 years
>oh shit i have to find an arbitrary period that preformed badly for my nolink fud
>oh shit i accidentally picked one it performed well in, better find an even more arbitrary and specific range to look at

>> No.27744902

>>27743849
>>27743018
LINK is going to bounce between #11 and #7. It will only go up enough to keep it in that band. This is what it is until staking comes along and a pool/uberization bubble can happen but this is impossible until layer 2 is vetted and the team figures out their economic incentives. Until then you're better off in things with more volatility or hype.

I'd mistakenly thought this cycle would be about LINK. Turns out it's just a replay of 2017 with DOT, ADA, and probably a guest appearance by NEO. This cycle can only go until the CEXes play out something similar to last year's YF ponzi cycles, but with staking and loan pools.

>> No.27745026

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's $20/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.

>> No.27745145

>>27744309
AVAX, you should know this if you’re a stinker

>> No.27745861

>>27744902
>LINK is going to bounce between #11 and #7. It will only go up enough to keep it in that band. This is what it is until staking comes along and a pool/uberization bubble can happen but this is impossible until layer 2 is vetted and the team figures out their economic incentives. Until then you're better off in things with more volatility or hype.

No proof of that whatsoever and LINK is by far the best risk return ratio in crypto. Scalability is already solved with Arbitrum/Optimism and even Avalanche. Its just a waiting game. Sure you can fuck with low cap gambles if you want and you might make some money too but there is still trillions of value that will be entering smart contracts over the next decade solely because of Chainlink. This year is going to be about Chainlink and DEFI. Once its simplified the returns will be to desirable. When even retard retail realizes they can get 10% APR on a stablecoin and that process is streamlined its all going to blow up fast.

>> No.27746260

>>27738147
the market is obviously headed for a crash anon

>> No.27746424

>>27745026
This is one of the all time great link fuds. It’s not my personal favorite, but it is a good one.

>> No.27746514

>>27745026
>link holders are rich
yeah i fixed that for you, other than that i think i agree that 20 bucks is a great buy in point for normies. go to the internet and share your knowledge.

>> No.27746616
File: 2.84 MB, 640x480, chainlink.webm [View same] [iqdb] [saucenao] [google]
27746616

>>27745026
>>27746424
>>27738147

>> No.27746736

>>27742626
This
90% LINK for the next 10 years
10% gambling stack for more Link is the boomer risk avoiding folio

>> No.27746745

>>27744056
https://chainlinkecosystem.com/ecosystem/

>> No.27746785

>>27744309
eth 2.0 is approaching though.

>> No.27746844

>>27741913
I have been all in Link since 2017.
t. 25k linkmarine

>> No.27747074

>>27738147
dyor the token isnt needed

>> No.27747084
File: 96 KB, 250x268, 1612286192224.png [View same] [iqdb] [saucenao] [google]
27747084

>>27738533
checked and RLChad pilled

you know what you have to do, anon.

>> No.27747092

>>27743482

This

>> No.27747541

>>27744902
you can apply this logic to all cryptos at their current value. Everything is based on future performance but somehow Link should be priced on current value.

>> No.27748360

>>27746616
Supremely based.

>> No.27748389

>>27744056
Everything needs an oracle to function or you might as well use a centralized system

>> No.27748596

>>27748389
tf is an oracle? we playin halo now? bungie ass nigga

>> No.27748618

>>27738655
test

>> No.27748934
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27748934

>>27748618
What are you testing

>> No.27749153

>>27738655
checked

It's true. The ones suppressing can wait another 5 years. They don't give a damn. They already have lots of money. It's not like us poorfags who want to make it fast and live off our passive staking gainz. These whales are already doing it so they have no rush.

>> No.27749670

>>27749153
The whales can manipulate prices but they cannot stop what is coming, and they cannot manipulate the rate of development. We are closer to making it than we realize.
>>27748596
Sergei nazarov AKA satoshi nakamoto will sodomize you with an energy sword and tea bag your corpse. Gg, noob.

>> No.27750126

>>27749670
I have accepted that LINK will be $50 EOY. Anything greater and I'll be really surprised.

>> No.27750689

>>27749670
Y'ALL CAN'T FUCK WITH THE SPLIT YO-YO MAFIA

>> No.27750769

Its simple; if you break the shorts sergey funds his company on you

>> No.27750839
File: 1.67 MB, 2048x1536, 1534942970519.jpg [View same] [iqdb] [saucenao] [google]
27750839

>>27738147
Because N

>> No.27750848

>>27738147
what would change in the real world if link suddenly stopped existing

>> No.27750892

>>27750126
link could be $50 by the time this post archives, or in 5 years. either way we win by holding. remember, holding $1 in your bank account will give you the ability to purchase a tootsie roll in 5 years

>> No.27750932

>>27745861
>When even retard retail realizes they can get 10% APR on a stablecoin

Teach me. I assume I have to stake, but have no clue how to do that. Is there a minimum?

>> No.27751004

>>27750932
DYOR

>> No.27751458

>>27750932
lets all welcome our new fren to fourchan

>> No.27751615

>>27750932

Celsius, NEXO, and Blockfi( only 9.3% on Blockfi) all offer 10% APR right now on stablecoins. I believe even Binance and Kucoin offer similar returns. You just deposit and start earning. This is just off the top of my head there are others as well. Even tether based liquidity pools USDC/USDT offered nearly 15-20% during times of high volatility and volume. I'd have to look and see what the average for the year was for some of the LPs but I bet its higher than 10% APR only IF you stayed in it for the entire year though and ensured you were capitalizing on those periods of high volume and volatility.

>> No.27752326

>>27750126
I wouldn’t be surprised desu, though I think we’ll spike above that before then simply because things don’t move linear. I’m not selling any until 2023 at the earliest. Hopefully at least $100 by then. Such is life on mr bones wild ride.

>> No.27752796

>>27749153
This is unironically awesome. Will accumulate for 5 more years as I missed the last 3 as a newfag kek get fucked OGs.

>> No.27753045

>>27752326
Why would you set a date and not just monitor where the market euphoria is? If your grandmother starts asking how to buy ethereum or chainlink later this year, why wouldn't you dump it all? Your gonna end up holding the bag like the gamestop plebbitors. But sure hold till 2023. Disregard what I said