/biz/ - Business & Finance

[Anonymous No.3967969]

>Read about ChainLink
>Seems promising
>Go on /biz/
>Even more promising
>Even the guy from DataDash says its promising
>Even REddit says its promissing
>Even my gf ssays its promissing after explaining what it is about
>Invest all 4/10 my dosh into it
>Now its tanking

You know what fuck it i'm selling everything else on Binnce i have to buy the dip

[Anonymous No.3967980]

This drop is scaring me.. do SOMETHING SERGEYYYYY

[Anonymous No.3967989]

Lol fucking anon retard listens to other pajeets instead of doing his own research.

You do not understand life brah.

[Anonymous No.3967992]

Wait 6 months. Don't panic sell like a dumb faget.

[Anonymous No.3968004]

LINK was the only external crypto to be showcased by SWIFT at SIBOS, after a year of development for SWIFT.

And right before the demo, we got news that a list of massive entities were directly involved in the demo, including Sony, AXA, BNP Paribas, ...

The current price development is 100% detached from reality, thanks to obvious manipulation on Binance.

[Anonymous No.3968015]

HAHAHAHAHA MOTHERFUCKING LINKTARDS. this actually feels so good after you shit on this board every fucking day holy fuck GIMME THEM PINK WOJAKS BOYS

[Anonymous No.3968028]

>>3968015
"My ego is invested in this because I have nothing else going on in my life", the post

[Anonymous No.3968045]

Didn't you know about buying the rumour and selling the news? Everyone and their dog knew to dump after SIBOS. Why did you buy OP?

[Anonymous No.3968055]

>>3968045
What was the rumor leading up to SIBOS?

[Anonymous No.3968061]

>>3968045

It sounded promissing.
But i still believe in it.
I believe it will be 5 bucks next year.
This market is all about believing

[Anonymous No.3968090]

>>3968045
Answer me, what was the rumor?

[Anonymous No.3968127]

>>3967969
HAHAHAHAHA, FUCKING DELICIOUS, YOU DELUDED FUCKS ACTUALLY THOUGHT YOU WERE GOING TO BE RICH CUZ OF YOUR SUPER SECRET PRESALE BULLSHIT. WHAT A FUCKING JOKE, HOLY SHIT.
STRAIGHT TO ONE SATSSSS.

[Anonymous No.3968156]

>>3968055
That they were having the conference and might announce something. Jesus Christ do you need someone to hold your dick while you pee too?

[Anonymous No.3968193]

>>3968156
Why would they announce something after doing a demo?
What possible news could come right after a demo?

There was no rumor. LINK did the demo as announced months ago.

The only news we got came completely out of the blue a few hours before the demo; i.e. that a list of massive entities were directly involved in LINK's demo, including AXA, BNP Paribas, Sony, Barclays, ...

[Anonymous No.3968194]

>>3968127
>CUZ OF YOUR SUPER SECRET PRESALE BULLSHIT
And the truth comes out, the fudders are salty nolinkies who missed out on the presale and ICO.

[Anonymous No.3968205]

>>3968194

Haha faggot, horrible ROI even if you were on presale. KARMA BITCH. SLAVEWAGING AT MACDONALDS IS YOUR FATE

[Anonymous No.3968223]

>>3968194
soon everyone will be able to buy under ico price, but nobody will.

[Anonymous No.3968225]

>>3968205
>horrible ROI even if you were on presale
3x is horrible ROI?

[Anonymous No.3968238]

Yesterday I could sell everything, and I would break even. But now it has gone significantly lower than I have thought it would go. What the fuck do I do now? Keep fighting the losing war with whales? Or sell at massive loss, even though it's too late? I can't "buy the dip", my hands are already in by the elbows.

[Anonymous No.3968258]

>>3968238
If no new exchanges come, the bots can and will run it to literally 0.

But when a new exchange does come, the change will be rapid and you risk missing out.

[Anonymous No.3968259]

I warned you linkies. There's still time to get out. Sell NOW

[Anonymous No.3968260]

>>3968225
kek...everyday the number gets lower. soon it'll be: "b-but it's still at 50% ico price, it'll recover soon enough!!! REEEEEE".

[Anonymous No.3968267]

>>3968225

Could have gotten that last week on.a meme coin like mona.. come on dude.

[Anonymous No.3968282]

>>3968260
>everyday the number gets lower.
I know. See >>3968258

>>3968267
Does mona have the same potential as LINK?

[Anonymous No.3968295]

>>3968258
>daily volume of ~15 millions links
>bots doing swing trading with 1k to 5k are responsible for the crash
>not the team lack of any communication and marketing
>not the sibos delusion going from 11k banks to maybe 5

>>3968238
sorry for the meme, but anyone going to the slack regularly knows for a fact that at least 2 whales are still going to dump today, in around 12 hours

>>3968260
also it's more like 2x already

[Anonymous No.3968316]

>>3968295
All it takes is one 100k sell wall to stall the price.
LINK's volume was always at that level, and the price was always manipulated.

Been seeing it for three weeks now.

>lack of marketing
You have no idea what SIBOS is, do you?

>sibos delusion going from 11k banks to maybe 5
What made you think 11k banks were going to be involved in the demo?

The voices in your head?

[Anonymous No.3968341]

>>3968316
there have been 200k to 800k buy and sell walls that got bought or sold regularly

sergei didn't even mention chainlink at sibos, he's just doing a smart contracts demo because he got paid 100k$ to do so

everyone hyped and shilled link from here to reddit to twitter with the 11k banks

[Anonymous No.3968381]

>>3968341
>there have been 200k to 800k buy and sell walls that got bought or sold regularly
Sure, at certain points in time, like when the news came hours before the demo that companies like AXA, Sony, BNP Paribas, ... were involved in the demo.

At quieter times, there were constantly ~100k sell walls appearing, moving, and disappearing. Keeping the price down.

>sergei didn't even mention chainlink at sibos
Except pic related was one of the main slides of his presentation.
Stop lying.

Also, we don't have any footage of the entire presentation.
Stop lying.

>with the 11k banks
11k banks were never going to be involved in the demo, and nobody thought this.
Stop lying.

[Anonymous No.3968438]

>>3968238
That's something I'm trying to work out. Yesterday I would have eaten a small loss, today it's really pretty bad. I just don't understand how it could drop so hard and fast, never seen anything like it. Really don't know what to do.

[Anonymous No.3968476]

>>3967969
>telling your gf about crypto
You fucked up bro. Enjoy being single while she bangs chad who owns WTC

[Anonymous No.3968497]

>>3968438
Keep in mind that the current price has nothing to do with reality as long as LINK is only on Binance.

If LINK had been on more than one major exchange, it would have mooned and stay mooned after this news came out: https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/?utm_content=buffer4ffb0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

SIBOS was even more amazing for LINK than we anticipated, yet the price is going down. Completely unnatural.

In the very short term, only another exchange will rectify the situation. Because no matter how good the news gets, the price of LINK is completely controlled by Binance bots.

[Anonymous No.3968536]

>>3968497

At this moment, that's completely irrelevant.

Yeah sure IF Link was on few big exchanges, it would probably spike up after or even during Sibos.

IF - that's the crucial word.

Sibos is old news, Link is still in gook-exchange prison, so even if some miracle happens (Polo, Trex) in following weeks - it won't "moon".

Gooks dun goofed us.

[Anonymous No.3968546]

Ok, I just wanna say. Vb has fudded this. Oracles are great but worth 30 mill or whatever. Question mark. Im going to call him out right now for being a dumb fuck. His entire network of smart contracts isnt worth shit without provable, reliable, extermal data. If that exists, without counterparty risk etc, say the notional of a swap is captured on the block chain and released when the smart contract says so. The prime brokers of derivatives will be btfo so hard, nobody will know what hit them. Cfds will be available the fucking exchanges will dry up. I dunno. Whatever, only those who see a meta change will be there bag holding thru a single year or two. Just sayin’

[Anonymous No.3968555]

>>3968536
Well that's what I'm saying though.

[Anonymous No.3968568]

>>3968497
THIS

we need off binance ASAP or its game over

[Anonymous No.3968576]

>>3968497
The price is going down because it will be a nobody coin for at least another year.

Banks haven't even adopted smart contracts yet, why would they be rushing for a middleware oracle for their trusted data feeds?

This is a long, long term prospect in current environment and will take years before adoption occurs, and months before banks even need to consider utilizing the middleware.

No, the price isn't being manipulated on Binance. It's opportunity costs, why would people hold LINK for 18 months with no price movement, when they could dip their toes into any shit altcoin for 20% monthly gains.

You guys are fucking deluded, Yes, decentralized and trusted oracles will be needed, but NOT NOW. Even aSpergey says this multiple times in his interviews.

Many of you appear to have not even read the whitepaper, and have little due diligence. This is why LINK holders are some of the rare few autists who have lost money in one of the worlds greatest bull markets. It's astonishing.

[Anonymous No.3968577]

>>3968028
not necessarily. just fed up with the continuous LINK shilling and smugness over the past several weeks

[Anonymous No.3968588]

yellow ID and link goes to 1k sat

[Anonymous No.3968595]

>>3968576
>Banks haven't even adopted smart contracts yet
Yes they have.

Look up AXA Fizzy.

Banks are chomping at the bit for smart contracts.

[Anonymous No.3968608]

>>3968577
Like I said, you felt slighted for some reason and attached your ego to this because you have nothing else going on right now in your life.

[Anonymous No.3968614]

>>3968588
green ID and link goes back to 10k sats by the next two weeks

[Anonymous No.3968615]

>>3968595

It's all in trial at the moment. No banks are utilizing smart contracts and they wont be for many months.

[Anonymous No.3968630]

"The price was manipulated"

What does that even mean? As opposed to prices mandated by heaven?

[Anonymous No.3968634]

>>3967969
>People panicking over Link
>I'm just sitting here being greedy when others are fearful.

Okay m8.

[Anonymous No.3968635]

Saw someone post "LINK has no incentive for institutions to buy up tokens. The market cap of LINK will only reflect the volume of data queries. The reason ETH and OMG surged is because PROOF OF STAKE. Large players wanted cheap tokens for staking down the road. LINK is not the next ETH or even OMG, there is simply no reason for institutions to horde LINK. Now REQ, on the other hand, will be using Plasma staking, already has backing from YC and ING, and can be seen as the American OMG. With this support they will get recognition and whales will start stacking REQ for future staking, driving the price up. LINK has a proper use case, but will never moon as hard as PoS coins. Reality is hard to swallow, but LINK is a failed mission. REQ is /ourcoin/ now. Get it before it hits exchanges or get pink wojack'd".

Im not saying i believe in req but is he right about link only reqresenting a vloume of data queries?

[Anonymous No.3968638]

>>3968615
And?
If you wait until smart contracts gain mainstream traction, it's too late.

True growth occurs right before mainstream adoption.

>>3968630
It means fake sell walls.
When a coin is only on one exchange, all it takes is one sell wall on one exchange to suppress the price.

[Anonymous No.3968640]

>>3968615
I like this new FUD narrative where banks won't be using smart contracts for years.

Why is it always the people fudding who make the largest and most baseless accusations.

[Anonymous No.3968653]

>>3968595

It's like investing in a company that produces electric car charging stations for self-driving cars. Yes the demand for the product will be there eventually, but we need to test and develop electric smart-cars before we event think about the need for that infrastructure, let alone widely adopt it.

Seems like 80% of LINK holders have realized this and have jumped ship, but you guys left holding bags are too naive to appreciate the true lost opportunity cost.

[Anonymous No.3968654]

>>3968635
Nodes stake LINK to boost prominence. Read the WP.

[Anonymous No.3968658]

>>3968630
A whale is using a bot to constantly sell hus shares slowely so he can get a good roi instead of sinking tgw price immediately by selling at once.

[Anonymous No.3968670]

>>3968653
If you wait until smart contracts gain mainstream traction, it's too late.

True growth occurs right before mainstream adoption.

And banks are implementing smart contracts AS WE SPEAK.

Stop lying.

[Anonymous No.3968674]

>>3968282
Comparing a moe anime coin to Link... Hmm

[Anonymous No.3968677]

>>3968608
no, I wanted a variety of interesting content on /biz/ not blatant shilling and delusional bragging about something that hadn't happened yet.

[Anonymous No.3968682]

Just get off biz, wait and see. If you believe, buy more especially at lower prices and wait 3 months.

[Anonymous No.3968689]

When it dips below 1 cent I will buy some for the lulz

[Anonymous No.3968692]

>>3968677
Maybe you should've called the "variety of interesting content" police, you pansy.

I bet your mom has to make your sandwiches just so too.

[Anonymous No.3968693]

>>3968654
Thanks. Know where i can find the wp?

[Anonymous No.3968708]

>>3968640

Harvard technology experts estimate that we are 'decades' away before smart contracts will be commonplace.

I've been in crypto for a while now, and smart contracts have been spoken about since 2014 with many people expecting adoption by 2016, but look where we are now.

FinTech moves slowly. It has to. There are consequences to replacing current infrastructure with poorly designed smart contracts. This is a long road, we won't be seeing applicable smart contracts for at least 24 months.

Half the people at SIBOS don't know what a smart contract is lmao. Stop being so defensive and start looking at the bigger picture and making better use of your capital - don't let it be tied up in LINK for 6 months without any return. You're missing out on the greatest bull market in history, and you're a fool if you don't walk away from this wealthy.

https://hbr.org/2017/01/the-truth-about-blockchain

[Anonymous No.3968716]

>>3968708
>Harvard technology experts estimate that we are 'decades' away before smart contracts will be commonplace.
So?
It's not going to happen overnight.

[Anonymous No.3968717]

>>3968708
so what are the best current opportunities

[Anonymous No.3968734]

>>3968692
>t.butthurt linkie

loving every laugh

[Anonymous No.3968740]

MAKE IT STOP

[Anonymous No.3968747]

>>3968716

That's my whole point...

It wont be overnight, so the demand for LINK/decentralized oracle won't be overnight.

Does it now make sense why many people are making use of their capital elsewhere, and will return to link when it's $0.10 or when announcements are confirmed.

If you stay up to date with news, you don't have to baghold LINK hoping that updates come while you're in possession. Sell your LINK and wait for more promising announcements before you buy back in. I'm just trying to help you out.

This is a common mistake by novice investors, they don't set goals and stop losses.

[Anonymous No.3968748]

>>3968734
>"you're butthurt"
>says the faggot who invested his ego in a feud that exists only in his head

[Anonymous No.3968761]

>>3968747
It will be gradual, and with every bit of news the price of LINK will rise.
If it gets on more than Binance at least.

But you go ahead and wait until it actually is mainstream. That's where the smart money comes in :^)

[Quasimodo No.3968762]

>>3968747
Meh. This is crypto, some shit like a Polo/Bittrex announcement would probably send it up to $0.6. I don't wanna be sleeping when that happens

[Anonymous No.3968777]

https://www.gtreview.com/news/global/swift-finds-blockchain-has-potential-but-will-not-commit-yet/

[Anonymous No.3968782]

>>3968717

Alts will bleed for the next week due to the BTC fork and Devcon 3.

After Segwit2x, promising coins include NEO, WTC, XLM.

But DYOR.

[Anonymous No.3968785]

>>3968748
yes, an enlightened individual such as yourself is immune to pointless feuds. evidenced by your comments in this thread

[Anonymous No.3968794]

>>3968785
I work from home, I have all day.

[Anonymous No.3968799]

>>3967969
why are you expecting massive profits in the span of a month?

just check back in a year or two

[Anonymous No.3968804]

>>3968777
Lol.
>Chainlink

[Anonymous No.3968806]

>>3968777
Bad news for link

[Anonymous No.3968813]

>>3968693
https://link.smartcontract.com/whitepaper

[Anonymous No.3968814]

>>3968762

This is the attitude that will lose you money.

Be updated with the news and you can get in at the start of the trend reversal. Why baghold something on the chance that it may moon while you're asleep.

If you are asleep and you miss it, you've saved yourself -50% of your investment because you didn't baghold a downtrending coin. If you're awake when it moons, you've made yourself +200%.

Even if it moons now for +200%, you're still at a loss because you held for 3 weeks down to 0.2 without any indication of positive news.

Stop being emotionally attached to your investments, cut losses. You are not obligated to hold.

[Anonymous No.3968816]

>>3968806
>>3968777
You haven't read the article if you think that's bad news for LINK.

The article mainly talks about Hyperledger Fabric, the actual blockchain which is only two months old.

The rest speaks glowingly about blockchain tech, and it even says SWIFT might simply use another blockchain instead of Fabric.

Whichever blockchain they use, Chainlink remains the key to entering external data into it.

And then there's these little gems:
>Swift has concluded that it’s “crucial” that integration with legacy back-office applications and co-existence with existing processes are taken into account.
and
>“Swift needs to bring a solution which minimises investment costs and allows co-existence with existing infrastructure and solutions.”

This screams Chainlink (which is low threshold, plug&play).

[Anonymous No.3968822]

>>3968814
"Buy high, sell low", the post.

[Anonymous No.3968887]

where is that incessant copypasta asshole now? "Oh you thought link crashed didn't you" lol

[Anonymous No.3969100]

>>3968814
>PWEDPERa

PWEEEDEEPIIEEEE

also it sucks Link is going down but I bought at like 10 and daytraded like half my stack so not even upset. Feel bad for people who bought higher especially since this has a literal working product that you can try out literally right now on their site along with massive institutional backing and poses a solution to a pretty common problem. But the manipulation that led to panic selling fucked everyone over. I have a hunch that some decent news will come out later today tho

[Anonymous No.3969130]

>>3969100
awesome gif

[Anonymous No.3969176]

>>3969100
>>3969130
SEIZURE GIF DO NOT OPEN

[Anonymous No.3969578]

>>3968794
That explained Link being shitposted all over the catalog

[Anonymous No.3970079]

Its gonna recover right guys?

[Anonymous No.3970125]

>>3968813
>https://link.smartcontract.com/whitepaper
>38 pages
Nice. That reaffirmed my trust in LINK. It's full of technical details as well unlike many other WPs.

[Anonymous No.3970137]

>>3969176
But it looks quite nice!

[Anonymous No.3970643]

>>3968708
"I think there is a world market for maybe five computers." --Thomas Watson, chairman of IBM, 1943.

"Where a calculator on the ENIAC is equipped with 18,000 vacuum tubes and weighs 30 tons, computers in the future may have only 1,000 vacuum tubes and weigh only 1.5 tons." --Popular Mechanics, 1949

"I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." --The editor in charge of business books for Prentice Hall, 1957.

"But what...is it good for?" --Engineer at the Advanced Computing Systems Division of IBM, 1968, commenting on the microchip.

"There is no reason anyone would want a computer in their home." --Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977.

[Anonymous No.3970760]

>>3968814
This

[Anonymous No.3970779]

Question to all you crypto experts:
Could we continusly buy and sell multiple crypto pairs at market price on one exchange and make money?

Exchange: Bitfinex..

BTC_BCU is down -24.22%
BTC_AVT is up +14.41%

[Anonymous No.3970843]

>>3968708
> hurr durr you idiot why invest in LINK, invest in the BULL coins
> ignoring LINK was a bull coin

you inbreds forget that the crypto market is completely random, you cannot predict what goes up or down, it's like playing slot machines in Vegas. How can you predict a coin tanking this bad due to chinabot manipulations? How can you predict ZEN jumping up randomly by 180%? You cannot. You are either lucky or not.

[Anonymous No.3970883]

>>3968045
and what news did you sell? That RORY has no news? WEW

[Anonymous No.3970905]

>>3968635
>backed by ING

They were literally just working for a while in ING accelerator, there is no formal connection

>backed by YC
Yeah, same as 1500 other noname start-ups and request is not even listed on the webpage

[Anonymous No.3970963]

hahah i saw plenty of posters calling other people absolute idiots and retards for not buying Link. Who is laughing now faggot retards?

[Anonymous No.3970991]

>>3968223
What was it again? I can see that happen this weekend.

[Anonymous No.3971044]

>>3968295
Pretty sure whales don’t become whales by dumping at a loss. You’re falling for their dumb shit, dumb shit.

[Anonymous No.3971267]

>>3967969
just bought 55k more link because i fcking felt the same way xD 255k link now

[Anonymous No.3971926]

>>3971267

>xD

Proof anybody can become rich.

[Anonymous No.3971939]

>>3970125
It's also peer reviewed.

Probably the only wp in all of crypto to be peer reviewed.