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/biz/ - Business & Finance

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30361311 No.30361311 [Reply] [Original]

>finally gave in and put my six-figure hell link stack on an exchange to earn staking
Sorry fellow marines. I know it will be used to suppress the price, but I just can't take missing out on free money.

>> No.30361367
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30361367

>>30361311
>suppressing the price

>> No.30361432

>>30361367
I love LINK so much

>> No.30361473

>>30361367
lending link causing price suppression is the biggest schizo cope, not a single proof to back up that

>> No.30361502

>>30361311
your link is as good as gone.

>> No.30361542

>>30361502
>your link is as good as gone.
>>30361311

>> No.30361649

>>30361502
Is this true? What's the risk? I'm using Celsius which is Sergey-approved.

>> No.30361751

>>30361649
In the event the lending market crashes 2008 style and Celsius goes under you are left with nothing.

>> No.30361809

>>30361649
about 100% less than a risk of losing your wallet. exchanges today are safer than storing a piece of paper of a usb stick you can easily lose or have a break in

>> No.30361839

>>30361473
they're getting more and more similar to xrp schizos

>> No.30361842
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30361842

>>30361311
why would you post this thread twice, anon

>> No.30361877

>>30361649
Just don't store everything on one cex and you'll be fine.

>> No.30361887

>>30361311
What exchange allows you to do this?

>> No.30361905

>>30361473
What do you think people borrow tokens for? Currently the only use for them is to sell them on the exchange in the expectation the price will go down aka shorting link. Do you know of another method of earning from link that doesn’t in some way contribute to short sellers?

>> No.30362031

>>30361905
show me on chain analysis to back up your schizo claims

>> No.30362143

>>30362031
either a retard or celsius shill

>> No.30362250

>>30361905
Using it as collateral to get more $ to buy more BTC.

>> No.30362293
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30362293

>>30362143
no proof schizo nigger? does picrelated look like your whale boogeymen have vested interest in shorting link?

>> No.30362391
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30362391

>>30362143
omg look all these whales shorting link holy shit!!!!

>> No.30362488

>>30362391
Why do you think those 400k LINK were borrowed retard?

>> No.30362598
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30362598

>>30361311
Welcome to the club

>> No.30362682

>>30362250
what? why stake collateral to borrow an asset just to use that asset as collateral for another asset?

>> No.30362722

>>30362031
>>30362250
I don’t know if you’re low iq or actual shills, but it should be obvious that if you’re lending link out people are using it to short with. Even if there’s an intermediate step where you use it as collateral, do you think the lender is just letting your collateral sit there doing nothing? No, they are either lending it out to short sellers or leveraging it in some new intermediate step which eventually leads to a short seller.

>> No.30362721

>>30362488
link is being eternally suppressed with 12 million dollars fucking kek retarded nigger

>> No.30362737

Low gas fee today, time get more $ENQ
Look at it mates, you will see that this ecosystem is new stage in crypto
mobile dapps and mining
I am safe now with this system, tards wouldn’t get how it is working

>> No.30362786

>>30361649
>Is this true? What's the risk?
he asks *after* parting with his linkies
ngmi

>> No.30362839

>>30362721
Why were those 400k LINK borrowed, cuck?

>> No.30362885

>>30362722
>>30362839
4% of the total link lent on aave is being used to suppress the price completely yes

>> No.30362899

>>30361905
i borrow hoping the price goes up, always right

>> No.30362904

>>30362721
really good job btfo a schizo nigger, i am a 2018 link holder and i hate the fucking price suppression narrative. it never made any sense, LINK was low because we autists were the fucking only ones who saw the rise coming. and now it's getting fucked because Sergey is dumping millions of LINK weekly to support node operators and to hire staceys. that's the only thing that you can call price suppression, basically the opposite of a stock buyback

>> No.30362917

>putting LINK into some centralized garbage
lmao enjoy your sleep anon

>> No.30362947

>>30361473
you know that you borrow an asset to sell it right?

>> No.30363039

>>30361839
you newfags make me laugh

>> No.30363074

>>30362899
but at the end of the day you still owe tokens independent of the usd value. people borrow stablecoins and then buy tokens. they dont borrow tokens hoping they appreciate.

>> No.30363134

>>30362682
That's how you leverage your assets.
If you think Link is going up and you have a Link stack you can get some USDC on it on AAVE to buy more Link with your stack as a collateral.
It's a lot cheaper than margin trading on Binance, but the leverage is also smaller.

For an institution they don't need to use AAVE to get more $, they can act as a bank and print more $ just by having Link or any other crypto in their wallet. this explains why some CeFi only seem to keep Link in their wallets withotu moving it because they only use it as a collateral.
Obviously this works mainly in a bull market but that's what we currently have.

>> No.30363135

>>30362598
We knew about the JWO using link to complete the enslavement of the goyim back in 2018. We're the swabmarines and we're going to escape the bug-eating pod life by owning link. Yeah it sucks, but the only people who were trying to prevent this lost in 1945.

>> No.30363200

>>30363039
It’s not newfags. You can tell by how aggressively they react to the obvious refutation that borrowers borrow in order to sell that they have skin in the game. They’re probably short and need more liquidity to keep the price down.

>> No.30363406

>>30363134
the original scenario you presented was that someone puts up collateral, borrows link, and uses that link as collateral for more link. there's no point in borrowing link other than to short it. yes, i completely understand the concept of throwing up a stack of link as collateral for stablecoins to buy more link.