Chainlink spoonfeed thread

[Anonymous No.50610112]

I'll answer any questions honestly and meme free

[Anonymous No.50610134]

why should I buy chainlank?
do I need the token?

[Anonymous No.50610148]

>>50610112
Based spoonfeeder
I’m going to bump as I need some remoralisation

[Anonymous No.50610151]

>>50610112
Whats your opinion on SN = SN "theory"

Whats the meaning behind cube

[Anonymous No.50610163]

Will steak be rare or well done?

[Anonymous No.50610170]

>>50610112
What are the ratio of mangerial positions to technical positions at chainlink
How much Link is going to be distributed to nodes until q1 2024

[Anonymous No.50610173]

>>50610112
when 100-200$

[Anonymous No.50610181]

Will chainlink move against the market or does it have to wait for the next halving to get a limp dicked pump?

[Anonymous No.50610188]

>>50610134
If you like high upside asymmetric bets, yes
You only need it if you want proportional capture of the internet of trust

[Anonymous No.50610227]

>>50610112
What might it mean that SBF is speaking at smartcon? Thanks.

[Anonymous No.50610230]

>>50610112
Please spoonfeedvme on Dahlia Malkhi

[Anonymous No.50610256]

>>50610112
What's happening to the LINK/ETH and LINK/BTC valuations?
Why is this looking like a failed breakout?

Will we get a second season of is it bleeding against ETH?
Is it time to abandon this sinking ship and go all in on ETH?

[Anonymous No.50610285]

>>50610148
Always glad to be here
>>50610151
Satoshi is likely a small group with the main contributor being hal finney
It wouldn't surprise me at all if Sergey had been part of that group
>>50610163
Rare and done perfectely
Just like CL always does
>>50610170
Depends on how you define each class
Is a b2b facing employee who makes bespoke adapters technical to you?
Not sure what you're asking for #2
>>50610173
No idea
>>50610181
The era of speculation in crypto is over
The moment Chainlink starts showing passive, non-diluting income to stakers it starts getting attention
When people realize that fee stream is going to continue to grow for the foreseeable future, Chainlink becomes the market

[Anonymous No.50610292]

>>50610256
Arent you supposed to spam twitter?

[Anonymous No.50610331]

Sap Buddies, do not let those shillers fool u. Invest only the trusted ecosystems! Like Yopi Network.

>Fastest and cheapest payment option in the world
>Highly scalable, community driven
>Full-stack system with all crypto possibilities and techs
>33%-49%-66% APY / 30-60-90 days lock

[Anonymous No.50610372]

>>50610285
Do you think Sergey and the team are desperate for people to show up for smartcon?

[Anonymous No.50610378]

>>50610285
sales is technical in a way, but if its the quality of the twitter ambassadors I would call it leeches.
So lets rephrase. How many of the 400 positions are actually coding and designing code
second, 50 Million until January 2023 according to the fat man, How much more Link from the node operator and team wallets is going to be released in circualtion until q1 2024

[Anonymous No.50610389]

>>50610285
I think Ari Juels was the main contributor, dude is a genius and was behind Proof of Work term.

SN glows very hard and was always their designated front man

[Anonymous No.50610405]

>>50610112
When will the price of a token be likely to reach 200 dollars?

[Anonymous No.50610429]

>>50610227
Chainlink wants to show the project alongside industry leading defi, tradfi and cefi projects
FTX is one of those
>>50610230
I asked around facebook and msft connections when she joined on...if you look at her career shes a relentless networker but hasn't done anything uniquely impressive on her own
That said she is well liked in the space and will show up on time, ticks the diversity box in being a female and the team already has plenty of truly high IQ gigabrains
>>50610256
Eth is currently the most valuable network in crypto by fees and usage
Those fees are about to be directed to token holders, in a time when everyone is looking for yield. If the eth merge goes as planned in sept, eth will be the darling of the entire investing space as it's western, "green" and surviving the global bear
The same thing is present for chainlink, albeit with less current market exposure and a potentially higher upside

[Anonymous No.50610432]

>>50610112
Are we insane? pic related

[Anonymous No.50610437]

>>50610112
It’s common knowledge that 90% of LINK OG’s came from /pol/, and are thus unironic Nazis and extremely racist. This is evident when you look at the chats whenever Chainlink presents at conferences such as consensus or smartcon. It’s always N word this, N word that.

I personally don’t want to put my money into a project like that and keep that sort of company. Moreover, I question the intelligence of people who shill LINK given their backwards and racist political views.

[Anonymous No.50610445]

>>50610429
Dont mind answering my question twitter nigger discord pedo

[Anonymous No.50610460]

>>50610112
Lambo no sooner than 2024 or?

[Anonymous No.50610490]

>>50610437
Alright fine you convinced me to buy link

[Anonymous No.50610492]

>>50610285
>The moment Chainlink starts showing passive, non-diluting income to stakers
When is it supposed to happen?

[Anonymous No.50610508]

>>50610112
This is more of a question about ETH, but I think it relates to Chainlink. I and many others think that ETH scaling is one of the main things holding back smart contract adoption. L2 roll ups such as arbitrum have changed that, but I'm still confused about ETH sharding which probably won't be released for several years. How important is ETH sharding given that we have L2 roll ups? Is arbitrum really sufficient for smart contract adoption? This is the biggest fud point I've fallen for so far.

[Anonymous No.50610520]

>>50610292
How do I do that and for what purpose?
I will wait either until the release of staking or until the event in September and if there is another breakdown in LINK/ETH valuation I will abandon ship with the remaining exit liquidity.

The bullish hidden divergence started more than 2 month ago and is making us wait to go back to double digits.
The charts are so shit that no trader would want to trade it.
We are close to the final moment of truth for this project.
It doesn't matter how bullish it is and how many devs they hired, if the token price does not recover enough to support the next group of integrations.
We are facing the possibility of real bankruptcy.

[Anonymous No.50610525]

>>50610492
Forget this thread
short link, just the pedo discord trying to generate a few cheap sales before they get paid and dump

[Anonymous No.50610526]

>>50610331
Shoo shoo
>>50610372
From a business perspective I don't think they care, but from an interpersonal perspective I think they'd love it if the place was packed
They've been working on staking (which finally starts to reward their long term backers) and ccip (which is maybe the most badly needed functionality in all of crypto). Now that the heavy lifting for those is nearly done, they likely want to take a victory lap, have a bigmac with some fans and enjoy the fruits of their labors
>>50610378
Do you consider someone who simply reviews code like Ellis technical?
>>50610389
He would be the kind of mind but I don't think the pragmatics fit for him
But then again what do i know
>>50610405
No idea

[Anonymous No.50610564]

>>50610526
Nigger piss back of to your twitter spam fud and sharing cp on discord
This thread is with "ambassadors" like you a clear sell signal.
Thank you for always showing up on YOUR payday

[Anonymous No.50610614]

>>50610112
I hold 1000 link, do you think I have time to add to this position at this level in October?

[Anonymous No.50610617]

>>50610112
Hi Spoonfeedy - do you think it's likely Smartcon will herald the arrival of a seachange moment for Chainlink, where things begin to come together and the world takes notice? I'm struggling to imagine (presumably) bullish talk from Schmidt, SBF, Solé etc resulting in yet more stagnation and despondent waiting. At this point nothing can shock me though. Thoughts?

[Anonymous No.50610684]

>>50610432
Go back and look at the charts of almost every great investment of the last 30 years
btc
eth
amazon
google
They all have periods of extreme volatility and crashes for the first 5-10 years
Revolutionary stuff only starts going up linearly when the idiots on wallst can see easily measurable, predictable profit growth
>>50610445
You seem cranky
Do you need a nappie?
>>50610460
No idea
>>50610492
Staking is slated for this year
Some, like me, think q3
But nobody knows until it's live
>>50610508
At current arbitrum nitro/anytrust is more than enough
If eth goes POS, adding calldata space is a minimal overhead for POS ndoes, so in the unlikely event that suddenly executions volumes 100x overnight, they can still be supported with just eth POS plus arbitrum

The big hurdle is getting people to interact with arbitrum rather than eth l1. The teams have been smart to get exchanges onboard first (and bank to customer things like fluid etc) so that when you buy non-whale amounts of eth or whatever it just goes to your wallet over arbitrum (or you pay a large withdrawal fee to use eth L1)

[Anonymous No.50610707]

advertising and begging. Try selling your bags on somewhere else

[Anonymous No.50610736]

>>50610429
The problem with Chainlink is its attach rate to users.
Everyone knows ETH and uses the network, but nobody knows what Chainlink does as a middle man, and they don't care.
If all the green institutional money goes into ETH then it's game over for Chainlink.
ETH is switching to a 0 printing model which is even better than BTC's halving while switching to proof of stake.
Opposing this Chainlink has more than half of the supply left to dump and nothing to generate enough interest.

Maybe this is just cope, but history proved us wrong in the last 2 years.
It doesn't matter how high the gain potentials are, if nothing can cause it to be realized.
On every topic which matters to the valuation Chainlink is inferior to L1 projects.
Their advertising is the worst in the complete space.
Opposing this we are likely going to see a ETH driven bull run in the next 12 months.

Even if Chainlink succeeds it could take another 10 years until the price finally start going up to its real valuation.
The question I am asking today is do I give up on Chainlink for a few more years and ride the ETH bull run until Chainlink finally starts to do something meaningful for the markets or is there a slight chance Chainlink will at least stop bleeding anymore for the coming bull run?

Staking may be released soon in the v0.1 but CCIP cannot work without the v1.0 of staking and won't be released in more than an alpha state on the last day of December at this rate.
They are setting up themselves to miss out on the next bull run again.
The time for blind hope is long past.

[Anonymous No.50610763]

Short eth/ short Link
If you needed any more evidence the samefagging OP should have delivered it

[Anonymous No.50610795]

Why doesn’t link pump on speculation anymore? Is the price actually being suppressed by malicious groups, or are retail and institutions selling?

[Anonymous No.50610816]

>>50610564
You seem like a fun person who must have many real life friends
>>50610614
Anybody's guess, but DCA'ing weekly through the end of the year would give you exposure to these prices now and, in the event of price motion in either direction, you'll get either more link or rich and you won't care
>>50610617
We're in the down part of an emerging market and no speech, partnership or announcement is going to "pump" things to a reasonable degree
Rewarding stakers and increasing node fees via CCIP, however, would make link stand out from every other fly by night crypto project

[Anonymous No.50610857]

The only project I'm checking now is Life Beyond. cuz:

>AAA Blockchain powered MMORPG
>Open Alpha is live
>Plenty of the upcoming NFT drops
>True Ownership of in-game items

[Anonymous No.50610883]

>>50610795
The reason is in the thread
300+ Marketing fags with no other income dumping their link on pay day

[Anonymous No.50610888]

>>50610816
>You seem like a fun person who must have many real life friends
kek

[Anonymous No.50610901]

>>50610112
>>50610112
SEETHE DILATE COPE linkie

[Anonymous No.50610927]

>>50610736
If you know that eth will moon while chainlink stagnates for the next 10 years, why not just get into eth you stupid retard? Lmao

[Anonymous No.50610944]

>>50610707
>>50610763
Are you talking to anyone in particular or just kinda being you?
>>50610736
Your viewpoint is completely dependent on crypto being priced by hype
Remember the eth POs merge will still have staking rewards locked up until a later date when an update unlocks them
If link staking can offer a superior apy with an also more-rapidly growing feebase (remember th POS transition doesn't increase network capacity) then your argument would be in favor of link
>>50610795
Speculation is driven by retail investors with high disposable incomes
Think people on reddit buying funkopops
The users of 4chan did everthing in their power to alienate those people, so link had little speculative pressure during bull times
All that's left now is real world performance/returns via staking and continued network fee growth through more price feeds, more vrf, more por, more keepers, new ccip fees etc

[Anonymous No.50610954]

>>50610883
Fuck off no one asked you

[Anonymous No.50610979]

>>50610954
Go back to twitter fag
And thanks again for the short signal, wasnt ure, but now confirmed

[Anonymous No.50611063]

>>50610112
Is there any sybil resistant solution, that provides a de-duplicatable, verifiable identity and is also regulatory compliant working with Chainlink?

[Anonymous No.50611097]

>>50610954
>>50610979
Could you two kiss while I watched? I don't mind if you use a little bit of tongue

[Anonymous No.50611125]

>>50611097
Nigger, its obvious you faggots only show up here on payday, for the rest of the week you spam twitter. So forget about being able to generate any more sales on here. Get fucked multi level marketing faggots.

[Anonymous No.50611127]

>>50610112
Why has the planning for SmartCon 2022 been such a colossal fuck up? I can't fathom how they thought $1477 was ever a good idea. Do you seriously think they're trying to sincerely celebrate with long term holders? This doesn't hold up to how they've pretty much ignored us for the last 5 years. Stop being fucking delusional and open your eyes. They're bending over backwards and pandering to us because we're the only fucking retards who still care about LINK. It's pathetic and they have seriously fucked this up. Even if they release their stupid v0.1 staking it's still going to dump. No one gives a fuck about that stupid release, it's nothing like the staking people actually expected after FIVE years.

[Anonymous No.50611177]

>>50611063
https://www.candid.id/
>>50611127
You may need a nappie too?

[Anonymous No.50611204]

>>50611177
>no response

[Anonymous No.50611210]

>>50610112
Where in the UK are you?

[Anonymous No.50611231]

>>50611210
Not in UK at current, where are you?

[Anonymous No.50611235]

>>50611177
Checked, can you tell us what does your portfolio looks like?
What do you own apart from link, and I which proportion?

[Anonymous No.50611262]

>>50610927
Because I missed the timing to do it and am coping while trying to follow my initial investment plan.
My initial plan was to wait until the release of staking before making a decision and they almost on purpose cucked me out of exiting at the top because of their delay.
My choice was either to give up on my investment plan or follow it until the end.
I made the mistake of choosing the second option, but after they release staking this ends and I will make a new investment plan which better follows market dynamics and accounts for unplanned development like a short time trader.

>>50610944
Do you have en example of this not being the case for an investment? When I see Tesla and Doge I lose hope.
Doesn't the Chainlink initial staking also have locked up tokens?
Because of this I don't event want to be a part of it and prefer to keep complete control of my tokens to be able to dump them if I have to.
Shouldn't Arbitrum and other L2 increase the network capacity somehow and this depend on the ETH merge for increased efficiency?
I just don't see what would drive up Chainlink adoption in the real world.
If the ETH network can't scale then Chainlink won't scale either.
This would suggest Chainlink is condemned to lag behind ETH's adoption rate until this reaches maximum adoption and only then would it give Chainlink an advantage because it would have a few years of growth left to catch up. This could take decades to play out.

I don't even understand anymore why CCIP is needed.
Chainlink was supposed to be a bridge between crypto and the real world, but their current nodes are enough for that use case and every company could develop their own "app" to manage things on the blockchain.
Bridging between chains only brings immense risks for no meaningful profit. The easy solution would be to keep every token native on a chain and just use a basic accounting tool with some proof of reserve.

Where is the future Chainlink adoption and increase in fees coming from?

[Anonymous No.50611279]

>>50611231
UK, SE. Because you say nappy instead of diaper

[Anonymous No.50611287]

>>50611177
>https://www.candid.id/
Sorry, I don't believe candid provides a de-duplicatable identity. You should check out this video: https://www.youtube.com/watch?v=Q11BuI33qXo

(Candid isn't regulatory compliant either)

[Anonymous No.50611289]

>>50611262
stop same fagging

[Anonymous No.50611498]

>>50611235
I never shill anything but link in these threads
>>50611262
I think you may be a bit behind the conversation if you don't understand the relationship between arbitrum, link and eth
Chainlink nodes are arbitrum (and soon FSS) validators
Re investments, look at google's or amazon's price history
In early stages where novel case companies are not making money, their speculative price varies widely
Once real money starts coming in from those novel cases growth becomes more linear and less volatile to both the upside and downside
>>50611279
Ah, I was referring to an actual nap you would give a cranky child
Hence nappie not nappy
>>50611287
It looks like you're shilling a stupid idea tacked to a failing token backed up by people much stupider than those on canDID
You should feel bad about who you are

[Anonymous No.50611541]

>>50611498
nope, just trying to help you

[Anonymous No.50611544]

>>50611262
Wtf are you talking about you can always sell link and buy eth anytime you fucking want

[Anonymous No.50611627]

>>50611498
>shills eth while fuddig link
>with ccip in the pipeline
disengenious, as expected from a meth head

[Anonymous No.50611769]

>>50611289
Did you discover ids today?

>>50610944
I am checking the Linkpool income for the last 2 months and get $700k earned in the last 2 months.
That's $1050 per 25k LPL per year for a 1.4% return with a $3 LPL token price.
Something stalled the Chainlink adoption rate and stopped its growth.
I suspect it's the result of relying on DeFi ponzis to generate most of their usage.
It wasn't supposed to be like this.
Chainlink was supposed to be the Swift project and support the derivatives market.
What happened? Why is Chainlink running after DeFi scams to generate adoption?
When is the network going to increase in profitability and grow from real world use?
Maybe this is just despair, but I don't see a way out of this hole.
Chainlink can succeed while making us all poor.
A high token price is not needed for the network usage and staking is not needed to deliver high security which they proved with their perfect track record of delivering good data without it in these past years. If you need collateral for a high stakes contract you can just use USDC as collateral in your contract and not an unstable volatile token like LINK.

BTC created a group of wealthy investors because it needed advocates without an official group to encourage its adoption.
ETH was a hybrid of BTC trying to make it useful.
Chainlink always ignored us. We are not needed and parasites feeding off from its development and adoption.
Parasites don't deserve to be rewarded for bag holding and the adoption machine stalled.
I have no hope left in this project. Do you have something to give me hope?

[Anonymous No.50611792]

>>50610112
what happens when chainlink starts reporting and verifying data that goes against media+state propaganda? for example that gays were molested as kids and in turn molest kids themselves much of the time?

[Anonymous No.50611831]

>>50611769
>Chainlink always ignored us.
anon, you can literally eat a big mac with Sergey

yes they have mostly ignored the community, but that has largely changed recently and the "Chainlink community" is mentioned often since staking is officially announced

[Anonymous No.50612034]

>>50611792
I'm more concerned that the truth would not be an option in the first place. Seems likely to me that these DONs will offer as 'truth' whatever the technocrats wish, since the inputs will be controlled as tightly as media inputs were during the scamdemic
>masks work and vaccines are safe and effective - Verified 100% true by Chainlink Truth™
type thing

[Anonymous No.50612065]

>>50611498
I stopped following as much the news when I realized all I needed was to look at the charts to get an honest opinion from the markets.

Amazon has been my base case for Chainlink's adoption, however it took 7 years to go back to its previous ATH and it started its 10 year run 8 years after the previous ATH.
I can't wait 20 years.
I need a new asset which can reproduce Chainlink's initial growth phase, and ETH seems to be in a better adoption phase for more short term growth than Chainlink which is set up to to have a very painful growth in the next 1-3 years just to recover its previous ATH.
The worst in this is that I don't see any real world usage and adoption for Chainlink.
Amazon was growing quickly in their worst period.

When looking at Google we see something similar but a faster recovery which took 5 years "only".
Maybe my capitulation will mark the bottom...
I don't have the strength to endure 5 more years like this.
I will do a final review on Chainlink on the final day of the next event and if I see the same situation from January repeating with an empty pump getting sold off I will exit completely and never look back.

[Anonymous No.50612113]

>>50612065
>eth is going to be the internet computer and go to the moon
eth lost market share like no other, and all it does is bleeding

[Anonymous No.50612132]

>>50611831
Yes, now that they are failing and we reached the lowest point they need us.
If I wasn't heavily invested in this project I would see this as a capitulation event and sign of weakness.
When your last supporter runs out of motivation and you need to go ask them for more help you know things are looking bad.

[Anonymous No.50612145]

>>50612132
eating big macs is asking for help? lmao

[Anonymous No.50612176]

>7+ posts by this ID

[Anonymous No.50612256]

>>50612113
Layer 2 solutions increase the indirect use of ETH and look at that fake Luna activity generated by scam economics and fake interest.
The problem with Chainlink is that you don't need it to interact with the network if you are not a developer building something.

People buy Tesla shares because it sells them dreams of going to Mars, and building ecological cars.
They will soon also buy ETH because it is a green alternative to BTC and the future world computer ensuring a new level of development based on smart contracts.
They can't buy Chainlink because it can't sell them dreams.

[Anonymous No.50612259]

>>50612145
Fucking retard.

[Anonymous No.50612260]

>>50612132
I think you're projecting your own mental state onto the project in order to insulate yourself from the feeling that you are that person who succumbed to the market psychology, you're in despair and actually selling the bottom. Nothing you've said has any real basis in reality, you haven't gone over fundamentals, you're treating the chart as its own thing when FA and TA need to be used together for the full picture. That's not to say TA should be entirely ignored and obviously its important if you want to pick profit targets or where to DCA in, but beyond that, ask yourself has anything really changed in the last few years fundamentally with link? If anything the project appears more certain now that at any point previously.

Whats interesting is a lot of anons have forgotten about Arbitrum and consider it a failed nothingburger because it didn't pump the price immediately, but its actually a key component for allowing link to permanently drink eth's milkshake, and its going to be required for eth to scale for enterprise adoption. Which wasn't something we were seeing last year, during a retard driven speculative mania phase with anons even attempting to shill scam ponzi's on arbitrum itself as if that was the purpose.

[Anonymous No.50612268]

>>50612034
exactly

i suspect the "truth" chainlink reports could be doctored via inputs to be in alignment with globohomo, otherwise chainlink would destroy their control apparatus, which is built on lies

[Anonymous No.50612302]

>>50610112
Wait or buy now?

[Anonymous No.50612387]

>>50612256
so you are saying eth is a cult. judging by the attendence of ethcc and consenus, a small one that is losing relevancy since 2020. Its weord eth freaks hold Link outside of node operators on eth

[Anonymous No.50612450]

>>50612260
To put it another way, if you truly believe the market will remain nothing but a speculative shitcoin ponzi casino for the next 5 to 10 years, then yes link will continue to lag behind in gains, but even with that thesis now is probably an awful time to enter eth, because merge or not, its very likely going to see at minimum a 90% capitulation to the bottom (95% last cycle). In that scenario I wouldn't enter eth until at least $600, maybe being dcaing if it gets down to $800. Even if it sees a short term speculative spike from the merge, its got a lot further to crash in the next year or two because retail has zero interest in crypto right now.

[Anonymous No.50612471]

What even is chainlink? My iq is 86 so explain like I'm 8 years old

[Anonymous No.50612508]

>>50612260
I succumbed to my own ignorance and stupidity thinking I could live from Chainlink staking returns without having to understand the markets and how to manage investments.
I still have no clue if Arbitrum will be useful one day and remove their training wheels, but what I learned from it is that a beta phase can last years and that I should expect the same thing for every new feature Chainlink plans to release like staking, CCIP, DECO and everything else.
Arbitrum by itself is only a tool to allow lower gas fees and we already have cheaper solutions like Matic and SOL.
Why is there no adoption with these cheaper options for real world products which are not NFT scams?
Where are the innovative companies experimenting with the blockchain using existing solutions?

When I look at LINK/BTC I see a bearish weekly RSI which failed to at least reclaim the 50 level.
When I look at LINK/ETH I see a failed breakout from a 2 years old rsi trend line which looks like a promise for new lows on the LINK/ETH valuation. The monthly rsi on every comparison chart including against the $ is bearish.
This means Chainlink will under perform both BTC and ETH in the near future and 4 weeks ago was the best moment to exit Chainlink for ETH.

[Anonymous No.50612533]

>>50612471
it uses the token as collateral to incentivize accurate reporting of data so that smart contracts can work automatically

[Anonymous No.50612588]

>>50612471
A centralized bridge for data between the blockchain and different blockchains and the outside.
pic related is the dai price feed of nfts of a decentralized synthetic margin trade exchange on matic.

[Anonymous No.50612624]

>>50612588
*decentralized
autocorrect doesnt seem to consider 300 nodes decentralized enough

[Anonymous No.50612638]

>>50612387
Every crypto has its own cult.
The difference is that some cults are bigger and more powerful than others and Chainlink is unfortunately one of the weakest ones unable to copy the strength of shitcoins like Doge.

>>50612450
There may be a final dump incoming for ETH and BTC, but you may get a surprise next year when it doesn't go to 0.
Also if that dump happens you will get LINK at $4 and see it finally break its last support which could increase the amount of future pain for the recovery.
This would be the optimal opportunity to reorganize your investments.
If you buy BTC at 14k you can still get a x4 return on it, and if you buy ETH at $600 you could get a x6 easily.
I don't know what you can get from Chainlink if it dumps to $4 while being in a bear market against both ETH and BTC.

[Anonymous No.50612685]

>>50612508
If you're confident enough to trade charts and make it, more power to you and you should do that. What I'll say is that crypto is a heavily manipulated market, worse than the stock market due to lack of regulations, rampant with insider trading and lightning quick bots that will always be working against you. But again if you think you have enough of an edge that you can beat that with some chart reading, I'd say go ahead and do it.

One other point though, link/eth while useful for determining whether its worth it to be in link over eth, is kind of a useless chart, since they aren't really traded with each other. I would never trust TA on the link/eth chart, simply use it as a gauge to determine how well one is doing against the other. link/btc is useful however, although likely heavily manipulated though this is of course speculation.

[Anonymous No.50612704]

>>50612638
>while being in a bear market against both ETH and BTC.
Chainlink has been in a bearmarket against both ETH and BTC since august 2020. It is not going to last forever, you know.

[Anonymous No.50612713]

>>50611831
Are you kinding me?

Frens do not bielive this line of bullshit, Chainlink does not and will not ever consider us (regular anons) as "community members".

Only global elite's are community members; if you haven't caught on to this by now then you are ngmi.

Eat a fucking Big Mac with fat ass, that's what we get for being on board with LINK. Good luck paying you rent with that fuck shit.

[Anonymous No.50612741]

>>50612638
Again while link/eth is kind of pointless for TA, link/btc has been in a bear market for 2 years already (began August 2020), so at this point you're attempting to time the bottom, which is not smart trading, its like attempting to time the top, both cases of extreme greed. Unless you've lost faith in link as a project, this is the time to begin building your link position if going by charts even ignoring fundamentals.

[Anonymous No.50612752]

>>50612034
bingo same shit different tech

[Anonymous No.50612824]

>>50612508
>I succumbed to my own ignorance and stupidity thinking I could live from Chainlink staking returns without having to understand the markets and how to manage investments.
This one hits hard.

[Anonymous No.50612849]

>>50612638
entropy cant be stopped. eth is positioned worse than link for the atomization around the scarcity of blockspace.
Also regarding the rationalization with religiosity of the fleecing of retards with extreme short term pump and dumps outside every rational, pic related.

[Anonymous No.50612970]

>>50612132
>If I wasn't heavily invested in this project I would see this as a capitulation event and sign of weakness.
It's not weakness its pity. They are playing the demigod role here, pandering to the "common man" which they consider all of us as low iq link followers.
ya know let's show these anons how hip we are by spending $8 on a Big Mac and letting one of the peons shove it down thier throat while fat ass sits across from them doing the same.

Basically a sick form of elitist entertainment.

[Anonymous No.50613035]

>>50612685
The most difficult part is not letting your ego blind you to what the charts are showing.
This can happen when you are invested in something and want it to go up as it makes you ignore reality.
Trading the charts honestly using weekly metrics would have been the best option for everyone because you have easy ways of identifying when you are wrong to change course.

The past reference for shitcoins has been to compare them to BTC because the only reason to buy them was to get higher returns from a more risky bet.
This still applies to Chainlink, but the market will now switch to an ETH driven comparison because ETH is the main driver for this new smart contract led innovation and the least risky bet.
If it's more risky than ETH and delivers less returns then you are taking on too much risks for no profits.
The best approach is to follow the market dynamics until they change using trend following.
The current trend works against Chainlink, but there is an event which can cause a pump that can be used as exit liquidity.
If the trend is not reversed by that time then it won't be reversed for another year.


>>50612704
The market can remain irrational longer than you can stay solvent.
The bear market lasted longer than most of us would have thought possible and can last longer than we can imagine.
The next SmartCon will be what saves or breaks Chainlink.
It if breaks them they will have to start down sizing their team in 2023 and you will see a concurrent eat up their L0 market share.

[Anonymous No.50613076]

>>50612849
It makes me sad to see there are still people like you remaining.
It means we haven't reached capitulation yet.
I may change my views on Chainlink after you reach complete despair.

[Anonymous No.50613209]

>>50610112
Are the cast challenge winners going to use chainlink? if so, will it have a significant effect?

[Anonymous No.50613213]

>>50613076
Just sell. It makes no sense for an eth believer to have chainlink, for a true believer its either like holding a token that is going to ursurp your god over time through entropy or being aware of that without the oracles eth is pretty much worthless

[Anonymous No.50613264]

>>50613209

[Anonymous No.50613376]

How much of the supply do you guesstimate will be locked up due to staking? Keep in mind the efficiency of Super-Linear Staking which might reduce the need for node operators to lock up as much as possible.

[Anonymous No.50613500]

>>50613076
Now I'm convinced you're just shitposting, nobody sane and rational would judge market sentiment on a single individual, there are still people who believe in safemoon, there is always going to be someone at the bottom, that's why its the bottom. Reading your posts its literally all projection, you are the bottom signal and you don't want to admit it so you're seeking any sort of hopium to walk you off the ledge.

[Anonymous No.50613673]

>>50612741
I made the mistake of not cutting my losses early and am stuck in it now, but will not repeat that mistake a second time if it doesn't manage to recover from this.
Now is a bad time for a move which is why I will wait until September to follow my initial failed plan.
Even if it's a complete failure, I can at least say I followed it to the end.

It looks like we may get a double bottom on LINK/ETH after another 15% loss in valuation and there is still a hidden bullish divergence to the 0.005 level, but it doesn't look like the current dynamics will change before November.
In the worst case we could even go lower to the 0.003 level or make a new low on LINK/ETH before the recovery.

It's true that I don't believe in the project currently and plan to make my final decision after the SmartCon.
But I hope I don't have to take another -30% or -50% against ETH until that time.
When dealing with psychopaths you can only trust their actions and incentives, but this can be applied to every company to get a clearer picture of their future plans.

What I got from Chainlink is something similar to the community they have.
Ignorance for real world dynamics blinded by dreams.
Both the Link marines and Sergey woke up from that dream and woke up in a hole they walked into while daydreaming.
Will they die in this hole thinking of their own stupidity and naivete, or will they claw their way back in blood?

We will learn soon.

[Anonymous No.50613681]

>>50610112
Likelihood of staking and ccip being announced at smartcon? Scale of 1-10

I will say 6 personally

[Anonymous No.50613714]

>>50612970
It's just plain ignorance with a desire to make some of their followers happy.
Maybe next year we will all regret not taking this opportunity when it was easier to do so.
At least in that case we can cope with more wealth.

I don't want these years of waiting to end like this.

[Anonymous No.50613846]

>>50613213
Unfortunately the only ETH I can hold is a promise to buy it back after shorting it.
It's time to search for new investment alternatives.
Instead of coping with Chainlink it would be more productive to look for something which can deliver more hype pumps until it decides to do something.

[Anonymous No.50613964]

>>50613846
Why did you stopped same fagging and retired the OP character tranny?

[Anonymous No.50614064]

>>50613964
If you can't tell that dude is not OP you might be autistic

[Anonymous No.50614101]

>>50613500
Thank you for delivering the hopium by the way...
The issue is that person reminds me of the answers I saw last year before the Aave liquidation event.
People who are ultra bullish close to the bottom are potential sellers in the event of a final capitulation.

As for a bottom signal it would make me happy to become one if it meant Chainlink would start doing something, but things really don't look good and I suspect that's why they have been trying to get more e-celebs to come to their event to generate some hype.
They finally have their backs to the wall and want to change their situation...

We may get another fud attempt by CeFis before the event too so maybe this time they will release staking before instead of an announcement.

[Anonymous No.50614159]

>>50613673
At least you can say you've learned something, anon. Judging by most of the replies, everyone is doomed to repeat the insane mistake spanning from August 2020 to May 2021 not to sell LINK for anything else. I feel sick when I think about the money I lost and for exactly the reason you stated - disbelief in the underperformance, an emotional interpretation of objective fact.

You can't objectively experience the past years, to go from 2017/18 hardcore LINK maxi obsessively reading everything etc, to today and not have lost faith, for the better. Unplug. It's hilarious really in a way because the path LINK has taken is sadly like every other run of the mill shitcoin from past cycles. It has underperformed for as long as it outperformed in the early years. It plummeted from 5 to now 26. The kind of recovery required is monstrous, which is why every cope response itt and others is just "it's Amazon". There's nothing else now, no middle ground, just "it's going to take over the world". It stinks of denial because it just does not bear out to objective reality. Maybe that's what they mean by stinky. I'll be with you in taking lessons and moving forward. Everyone else can have their resilient fantasies, idgaf. I'm way too old for all that complete bullshit now.

[Anonymous No.50614223]

>>50610256
>>50610520
>>50610736
>>50611262
>>50611769
>>50612065
>>50612132
>>50612256
>>50612508
>>50612638
>>50613035
>>50613076
>>50613673
>>50613714
>>50613846
please ignore the pbtid farming soliloquy fudfag. there's always one in these spoonfeed threads trying to derail.

[Anonymous No.50614310]

>>50614223
pic related

[Anonymous No.50614378]

>>50614310
must be. Only libtards express this weird focus on religiosity and cultish behavior

[Anonymous No.50614403]

>>50614159
Thank you
I am still not sure how this will help me in the future after having missed out on the easiest bull run in history.
All I can say is that I will not repeat the same mistake a second time, but the probability of the exact same situation happening a second time is 0.

There is still a possibility of Chainlink reaching 3 figures in the next 2 years, but that's a sad consolation prize when feeling extremely stupid after making it.
I wonder how the BTC maxis manage to feel so successful after going through multiple bear markets experiencing failure.

[Anonymous No.50614491]

>>50614310
>less interesting for their users
I always wondered if they were stupid enough to think their shitposts could change anyone’s mind. The real goal was always to destroy discussions. Go figure

[Anonymous No.50614545]

[Anonymous No.50614634]

>>50614223
ironically this fudfag is much more logical and coherent than any other poster itt

[Anonymous No.50614767]

>>50614634
Couldn't agree less. That anon is mentally challenged to say the least

[Anonymous No.50614811]

>>50614634
That fudfag is a basedboy faggot you can tell by the way he types in such a feminine matter. He should pick up some metal and quit his bitching.

[Anonymous No.50614841]

>>50614811
>basedboy
I know for a fact I didn’t type that what the fuck.
*Soiboi

[Anonymous No.50614846]

>>50614491
there's an industrial grade, highly organized fud campaign that's run on this board to try and demoralize linkies. this fact alone should be enough to convince any logical mind that a) LINK is an extremely important component of the crypto economy and soon to be an extremely important component of the economy at large and b) you should continue accumulating and never sell.

[Anonymous No.50614920]

>>50614101
Market sentiment is only one indicator and using it on here is extremely irrational since this place is full of intj/intp autists who don't even understand emotion. If you've been here for any length of time (I'm talking decade plus), then you understand there are people here who understand the value prop of chainlink well enough that they will literally shitpost day in and day out to fud their own bags for no other reason than they understand retail isn't needed.

[Anonymous No.50614940]

>>50614920
Stop replying to that faggot

[Anonymous No.50614963]

>>50614920
ENTP is master race

[Anonymous No.50615010]

>>50610508
>L2 roll ups such as arbitrum have changed that, but I'm still confused about ETH sharding which probably won't be released for several years.
regular sharding likely is going to be dropped for numerous years, in favor of proto-danksharding
adds essentially a sidecar to ETH of data blobs with an entirely separate fee market that rollups specifically can use
that should drop L2 rollup prices by an order of magnitude, and would give more freeway to more tps that'd be needed for multiple years until it saturates

[Anonymous No.50615067]

>>50610112
pls explain the absolutely awful price action?
i mean, with so much apparent good news on the horizon, why does it never pump?
ETH--with a significantly bigger market cap--has pumped 70% in the past month, while LINK's gone up 25% or so, the same as BTC
i just don't get it

[Anonymous No.50615081]

>>50615010
Etheruem sucks because Vitalik won’t take a break from fucking kids to finish the project. Link is infinitely better
ETH not needed.

[Anonymous No.50615180]

>>50610112
Is your first name Marc?
>follow up question
Is your last name Andreessen?

[Anonymous No.50615373]

>>50610112
Why are you so evil? Why do you want to enslave humanity? Why do you challenge God?
Answer honestly and meme free

[Anonymous No.50615411]

>>50615373
>Why are you so evil?
That's subjective. Do you consider Hitler "evil"?
Why do you want to enslave humanity?
I don't. I just don't want to be enslaved myself
>Why do you challenge God?
God is a faggot and he can suck my dick. I'm above god.
>Answer honestly and meme free
I'm not memeing I'm serious

[Anonymous No.50615487]

>>50615411
I think the question were intended for OP, anon

[Anonymous No.50615536]

>>50610112
How come Bitcoin would frequently dump whenever Link would start to rally in the past?

[Anonymous No.50615741]

>>50614841
Go back, tourist nigger faggot

[Anonymous No.50615889]

>>50610707
Watch the fudding discord trannies cry out in pain as they strike you

[Anonymous No.50615908]

>>50615373
Does you using a Microsoft product or holding Microsoft stock indicate your will to enslave humanity?

[Anonymous No.50616148]

>>50611498
Nice work spoonfeedy, yeah there's the usual mentally deranged fudfag here posting from a million IPs. Could be that Asian Canadian Michael (uncleoldfag) still around, but also chainlink tonight seems to have gone off the rails recently and has been shilling everest. Likely destroyed him which is hard to see. Looks like many will fall during this bear.

[Anonymous No.50616269]

>>50612260
ehhh pretty much everything he said w respect to market dynamics was spot on. Simply put, the market doesn't care about Link and there's a risk it won't for many years to come. Therefore, it's probably not the optimal cypto investment right now. I have come to that same conclusion this past year.

I was blinded by all the shilling in the last few years and couldn't fathom link missing the entire '21 bullrun. It wasn't until late '21 that I left the denial phase about what had just happened. You can spin it however you want but it set us all back FOR YEARS financially.

[Anonymous No.50616348]

>>50614846
Nah there really isn't. And for the 10,000th time, this board doesn't move a billion dollar market. Said in other words, a few hundred neet faggots making $300 trades from the basement isn't going to alter the price one way or another.

[Anonymous No.50616460]

>>50614920
INFJ chads understand both logic and emotions

[Anonymous No.50616573]

Are we going lower or is it a good buy right now?

[Anonymous No.50616951]

>>50616573
We may go lower and there is a not 0 % probability of dumping to $4 if BTC dumps and the NASDAQ goes lower.
You may also be able to exit during the SmartCon with a nice x2 if you buy now.
CCIP is going to be a deception after people find out it's another beta test which is going to last years, and a competitor may finally catch up and take this market from them before it's released officially.

As for lessons to be learned Chainlink should not be considered as a crypto investment, and more like a boomer investment in a slow growth tech stock with no dividend.
If you want real returns you need to find a project with a charismatic CEO who can reproduce the ADA pump.
Look for the opposite of Chainlink and something which can create real hype at the level of Elon or Charles.

[Anonymous No.50616956]

>>50616269
Again I can't tell which of these are shitposts and which are genuine. The only thing he did was analyze what already happened, if that could tell you exactly what to do going forward we'd all be billionaires, but that isn't how markets work, hindsight bias to the max. And on top of that,
>set us all back FOR YEARS financially.
who is >us? You mean the people on this board who identified link early and saw it outperform btc/eth over the last 4 years? You seem to either be referring to bullrun laggards, who are simply going to have to wait their turn as link has always been a bet against the useless ponzi casino nature of crypto, or fomo opportunity cost faggots who look at everything in terms of "if I just traded this then and did this then I'd be a millionaire", in which case you should leave, because if its so easy to time tops and bottoms you'd already be doing it.

[Anonymous No.50617047]

>>50616951
Perfect example right here, oh the bullrun happened so now you know exactly what the market is going to do right? Go do it then. But you won't. I'm serious don't you ever wonder why nobody ever posts showing those brilliant top/bottom trades that made them millionaires? And yet somehow AFTER the market has moved, everybody KNEW that was the right play to do, and its the evil bad people here talking about what chainlink actually does that tricked them into holding.

[Anonymous No.50617148]

>>50616956
The dynamics changed.
You will never see Chainlink pump in a bear market the way it did before the bull run.
Chainlink has never been so bearish in all of its history and every pump will get sold off by the late buyers looking for an exit after taking a -80% loss.
Those "idiots" who got in late are going to teach you a lesson about the difference between an up only market and fighting for a recovery through a -90%.

If you want real gains find a new project which didn't go through a bear cycle and has a lot of upside potential.

Link's current performance since last month against BTC is -7% and -30% against ETH.

[Anonymous No.50617192]

>>50617148
Chainlink literally went down more than 90% in 2018 before mooning over the next 2.5 years to repeated ATHs. If you're going to FUD at least try to make sense.

[Anonymous No.50617215]

>>50617148
Again, who are you talking to? Nobody on /biz/ who bought 4 years ago did so because link was a pump and dump shitcoin trying to profit off of a hype cycle. Did you even see the hyperledger integration threads a couple of weeks ago? If your assumption is that crypto is going to be a ponzi casino for at least another 5 years with zero new usecases or adoption then you might be right, but even in that scenario you probably shouldn't be bothering with crypto at all, in which case why are you even wasting time in a chainlink spoonfeed thread? I sincerely question the motive of a lot of the posters on here.

[Anonymous No.50617280]

>>50612471
Btc Is electricity.
Eth Is a computer. THE only working computer rn. And it's still clunky and buggy as hell.
Link gives you access to the internet. Nowadays only 54kbs speed and there's hardly any worthwhile content in this new internet. Still, if You want to browse it you need an internet connection. Link Is the only working ISP rn. The others promise a service that's better but can't deliver.
The Big question Is if this situation Will remain static or evolve with Time.
Will internet be a passing fad or the foundation for social and económic interactions never seen before in the history of Mankind?
Choose your side and wait.

You just Win

[Anonymous No.50617304]

>>50617280
>Eth Is a computer.
>Internet computer
yeah eth is a drop of pee in an ocean of piss, worthless

[Anonymous No.50617321]

>>50617148
>If you want real gains find a new project which didn't go through a bear cycle and has a lot of upside potential
utterly meaningless bot-tier drivel

[Anonymous No.50617417]

>>50617047
The current me has been created by the world and in that case my role will be to fud shitcoins when I see them so that others don't make the same mistake I did and take some profits when it pumps and don't bag hold when it later fails to deliver.
Past market is not a proof for future performance but this applies to Chainlink too.
Don't think that because it pumped once it can pump the same way again just because it dumped for 2 years.

The future pump you will see won't have the same strength.

And by the way there were people here who advertised selling LINK for ETH two years ago, but I suspect they stopped caring after making money and leaving this shithole. Those who are left here ignored that advice and are left in regret over their indoctrination into this cult.

Without institutional adoption and something at the level of Swift testing derivatives, Chainlink has no source of growth outside of DeFi ponzis and NFTs.
This is the difficult truth which has caused Chainlink to be priced at $6 for the past 2 months.
Unfortunately Sam going to the event is only good to generate hype for a pump, but is not a good sign for real future growth of the network.
In the end it doesn't matter if Eric Schmidt hypes the project if it fails to counter the fud with real use and proof that it can be used for something else than generating random numbers for NFTs.

Most of those NFTs are worthless garbage and nobody cares if they used Chainlink nodes to generate random numbers.
You could just make up a random NFT using failed spyware and almost nobody would see the difference outside of a few Chainlink community advocates getting paid to defend the project.

[Anonymous No.50617450]

>>50617321
you're just exposing your lack of experience

old alts NEVER pump to new bitcoin highs, it's just that simple.
there's been less than 5 examples of non zero liquidity alts that have made multiple btc highs, and link is not one of them.

[Anonymous No.50617480]

>>50617417
drns

[Anonymous No.50617495]

>>50617450
cultist. xmr did it twice, doge did it trice, ltc did it twice...only eth only did it once :(

[Anonymous No.50617536]

>>50614846
This.
Despite my genuine reservations on the use of this tech in hands of the state (see my other posts) I do still feel bullish on the project and have no intention of ever selling any of my stack. I recommend others do the same and ignore the relentless fud. We've all come this far and the ones who still have their stacks have real diamond hands and will not be separated from them. This still annoys the hell out of the fudders but there's literally nothing they can do about it. We have the power.

[Anonymous No.50617578]

>>50617450
Everyone in crypto is inexperienced, it is a brand new asset class that was invented less than 15 years ago. And while there's literally thousands of cryptocurrencies, the overwhelming majority have zero novel usecases, 90+% are just copy paste shitcoins with absolutely no usecase but for number to go up and copy bitcoin in some way. The majority of the remaining 10% are just copy paste L1 solutions attempting to compete with Ethereum's marketshare, of which the current usecase is trading shitcoins and minting NFT's. Chainlink has a virtual monopoly on oracles, so to convince anyone of the limited upside of link, you'd have to thoroughly explain why crypto has a future without decentralized oracles.

If you're just in crypto to attempt to successfully trade the market, and think the technology is vaporware that will never materialize, then why the fuck are you wasting time in a chainlink spoonfeed thread?

[Anonymous No.50617715]

>>50617417
Again, nobody bought chainlink with the intention that retail would pump their bags. Why do you think this board fudded it relentlessly for years? And yes of course there are people who advocated trading link for eth two years ago. There's also many who advocated not to buy link or argued oracles weren't needed, they are currently down vs link on a macro scale. Your posts literally encapsulate exactly what I'd expect someone going through despair would say, right down to the "this rally will fail like all the rest" declaration
>Unfortunately Sam going to the event is only good to generate hype for a pump, but is not a good sign for real future growth of the network.
In the end it doesn't matter if Eric Schmidt hypes the project if it fails to counter the fud with real use and proof that it can be used for something else than generating random numbers for NFTs.
Nobody bought chainlink for a speculative retail pump, and when enterprise usecases begin and the price starts moving from that and not typical shitcoin shuffling, nobody's going to tell you and give you warning so you can safely trade back into link.

[Anonymous No.50617759]

bought 500 linkies at 6.3$. thats half my portfolio now
aigmi?

[Anonymous No.50617866]

>>50617759
lol, lmao

[Anonymous No.50617902]

>>50610112
Why is having a separate link token needed instead of just paying oracles in ETH/L1 coin?

[Anonymous No.50617917]

>>50617192
Thank you for reminding me that LINK/BTC can still go lower.
There is some space left for another -94% to 0.00002

By the way it took 6 months in 2018 for Chainlink to hit its lowest price from the previous ATH after which it took 5 months to go 150% up.
Now let's look at 2021.
It took 1 year and 1 week to reach its current lowest price from its previous ATH.
Comparison would suggest the recovery time will double the same way as the slow decrease took more time.
Maybe you can get a 150% increase from the $5.2 low in May of 2022 then?
That would put Chainlink at $13, which is still a lot compared to its current network income.
The network may generate a 50 million income but this goes to node providers which means the income of the Chainlink team only comes from dumping tokens and is 0 without it.
A 6 billion market cap with a 50 million income if we include node income is a P/E of 120 when the average for the Nasdaq is 25 currently.
This means that for Chainlink to deserve that $13 token price its network needs to generate a $240 million income and for this income to flow exclusively to token owners while ignoring node owners.

As a side note the easiest explanation for a slowed down growth would be the higher market cap.
It's a lot easier to pump a shitcoin with a 125 market cap ranking than a big project in the top 30 ranking.
It takes more money to generate gains.

If Chainlink can't generate hype then its price can only be driven by market valuation of the network and projected income.
That price range using Nasdaq valuations would put it between $0 because it generates no income for token owners or at a maximum of 1.25 billion market cap for $2.66.

There is no middle ground left and no more space for fake promises.
If Chainlink doesn't want to use hype to sell its project then it will have to prove that it can be profitable for the token owners.
Chainlinks needs to x5 its network income quickly or prepare to fire their employees.

[Anonymous No.50617935]

Am I in a terrible position with 1,500 LINK and close to no savings? I'm 28 and make 45k

[Anonymous No.50617947]

>>50617536
bingo. prior to crypto, valuable assets could be seize by antagonistic actors via force. crypto flips the script and now the only way your assets can be seized (assuming they're secured properly) is if you willingly hand them over. the goal of the fud is to convince you to do just that. it's a war on your mind. never sell

[Anonymous No.50618068]

>>50610112

[Anonymous No.50618081]

>>50617917
This analysis is garbage because the assumption is link will receive zero speculative investment and can only produce profit from network activity. This is already invalid as the link token can be bought and sold on virtually any major crypto exchange. You're really reaching at this point and almost just explicitly fudding, and I'm usually receptive to constructive criticism, but this isn't that, its irrational expectations that hold link to a standard beyond that of anything else in the market.

[Anonymous No.50618314]

>>50617715
Good for you then.
Yes, institutions may pump Chainlink one day, but that doesn't need to happen this decade and Chainlink would still be a success if the integration happened in 1 decade.

Unfortunately I didn't come here with such a long time frame for gambling.
By the way why should institutions pump Chainlink?
For what reason would they buy the token if they don't expect to sell it for a profit to someone else like retail investors?

The current token economics are a failure.
Maybe they can manage to sell staking and DONs, but it's extremely inefficient if you have to use something with a 95% price volatility to use as insurance for a contract.
Why not use USDC for staking collateral?
What happens when DONs are released and Chainlink takes a -70% dump on their staking collateral?

All this time the fud was real.
The token is highly inefficient and the complete Chainlink project could have been funded by banks without an ICO to use USDC or a central bank generated stable coin for payments.
Just look at the node operators getting paid in LINK tokens taking a price cut on their services.

What company could take the same hits of losing 80% of their income through fiat volatility?
Even a 10% difference in fiat currencies can cause bankruptcies.
The Chainlink economic model is not healthy and too risky.

When staking is released I can finally exit this.

[Anonymous No.50618359]

>>50618314
>By the way why should institutions pump Chainlink?
>For what reason would they buy the token if they don't expect to sell it for a profit to someone else like retail investors?
OK so you don't even understand what it does, fuck why did I waste so much time replying to you I am an idiot.

[Anonymous No.50618425]

>>50618081
Didn't you just say it didn't need retail interest?
Why does it need retail to pump the token price if only institutions are needed?

Now that Chainlink stops being a speculative investment after it releases their real network it will be possible to judge its value based on real provable network metrics.
You can't sell hype of an unreleased project and expect speculative interest to drive up the price if you have a working network which has a measurable income.

[Anonymous No.50618477]

>>50618425
No no you're right, there will be zero speculative interest in the link token, and the token is not needed, my mistake. Try to find this on binance instead, here it has a novel usecase.

[Anonymous No.50618501]

>>50618425
Guess what? I have lots of Chainlink and nothing you can say will make me ever sell it. What do you think about that? Does it upset you? Do you feel a little know of rage inside your tummy?
Keep trying to get me to sell, please do. I'm loving watching you do your mental pretzels in front of us all. Carry on..

[Anonymous No.50618529]

>>50618359
Yes you are, but everyone who was invested in Chainlink for the past years is an idiot.
There is no cure for human stupidity and no limit to it.

I wish you good luck.
I will try to make of this bad situation the best I can to recover from it, but I don't wish to be considered a Link marine after this and hope I can find a healthier alternative to this madness.

[Anonymous No.50618540]

>>50610112
Why would anybody hold on to the token after the transaction is complete? Buys and sells are in equilibrium if everybody sells for real money as soon as they receive the token. The effect on the token price: crab near zero.

[Anonymous No.50618553]

>>50618529
See you again tomorrow in another Link thread?

[Anonymous No.50618566]

[Anonymous No.50618676]

>>50617917
one of the biggest brainlets i've seen
the worst thing about all of this is that you will still get rich from chainlink and will be here in a couple of years telling everyone how smart you were after you and "the marines" went through a really tough period after 2020 link/eth high but you remained strong and got the rewards! you will admit that you doubted a bit but you stuck to your initial investment thesis and it made paid off!
people liek you do not deserve it
just shut up and do actually something with your life for a bit longer that doesn't involve crypto

[Anonymous No.50618724]

>>50618477
Thank you for the suggestion but I can't find it.

As for the token not needed I think this applies to everything else than Bitcoin selling itself as a fiat alternative.
If I had to create an oracle network for blockchains and had unlimited funding from banks I would not use a volatile token to run it and avoid any contact with retail investors.
Why make my life more complicated by having to care for a token price and investors?
Investors are going to be angry when the price dumps and will be asking for results putting pressure.
When the token price moves it messes up the complete network because nodes are getting paid in tokens and a change in the price creates a massive accounting headache for them.
The same applies for staking insurance.

Do you triple the amount of staking collateral hoping that it would cushion volatility?
Do you buy futures contract insurance against price movements life for crops?
If you could just price everything in $ life would be a lot more easier.

The Chainlink token is both a blessing and a nightmare for the network, because it gives the ability to print money but gives the responsibility of managing the price volatility.

[Anonymous No.50618782]

>>50618314
>>50618425
>>50618529

24 pbtid and 50,000,000 words of retarded fud.
Thanks for your concern over my investments, but you should probably just kill yourself. I'm never selling.

[Anonymous No.50618860]

another chainlink thread successfully derailed by gigantic FUD faggots.

[Anonymous No.50618915]

>>50618676
I won't do something so tasteless.
I gave up on that right the moment I stopped recognizing myself as a Link marine and decided to be a gambler.
However if I see Chainlink having a new bull run full of hype you will find me here fuding everyone and telling them to fucking take some profits.

Next time you think you were smart for holding Chainlink? SELL EVERYTHING and keep 10% of your stack to remind yourself what it could have cost you.

[Anonymous No.50618975]

>>50618314
>Why not use USDC for staking collateral?
nice bait. yes, let’s have the collateral be funny money kikes can print at will

[Anonymous No.50618992]

>>50610112
do you know of any github code where I can put in money, then I need another persons wallet to say yes or no, then I need to say yes or no, and send money to either mine or their wallets based on the yes or no matching

[Anonymous No.50619037]

Peepeepoopoo

Never selling

Fuck jannies

Fuck Bancor

Fuck niggers

[Anonymous No.50619134]

>>50618915
you have over 20 posts in this thread. go and seek some mental health services to talk things through
the really sad thing is that you've made massive returns compared to any traditional investors already but your greed and immaturity has wreaked your mental health. it may well be that selling into usd and just leaving this all behind is the best for you
early stage investing in such markets (biomedical research is similar) is not for everyone and clearly isn't for you.

[Anonymous No.50619168]

>>50610285
Do you think Truebit will have any part on solving the oracle problem, which seems to be having a trustless state that can engage in intense computational tasks. Not just defi shit, but real world use cases like healthcare, etc

[Anonymous No.50619222]

tldr
>another (((spoon))) thread with references to arbitrum the eth merge and whatever other meta crypto news chainshitters can latch on to
>no chainlink tech to speak of
>BUT ANON BIG MACS WITH SERGEY AND ERIC SHIT
>oh you dont care about BIG MACS WITH SERGEY AND ERIC SHIT WITH THOUSANDS OF LITERAL WHOS???
>YOUR NOT IN IT FOR TEH TECH FEGGIT
>you sound like a child for not believing paid posting
>real link marines know that adoption is coming soon™ two more weeks®
>cast challenge??? HAHAHA they made their own oracles nevermind that several of the winners are chainlink users!!! HAHAHA JUST IGNORE CHAINLINK!
>NO ITS NOT A WASTED MARKETING OPPORTUNITY
>BIG MACS WITH SERGEY
the only good thing was the twitter discord fudders losing their discord and getting the bancor 50% haircut

[Anonymous No.50619390]

Imagine still being bullish on this unpumpable pos, literally just buy ETH and you will outperform, you already missed one bull run, you want to miss another one?

[Anonymous No.50619433]

>wearing pants

[Anonymous No.50619540]

PANTS CAN BE COMFY

[Anonymous No.50620253]

>>50619134
Thanks for the advice, but that's the one thing I will never do after escaping death multiple times from medical "experts"
If I had trusted any of them even once over my own instinct I would not be alive here today.

[Anonymous No.50620552]

>>50619222

What happened to the discord?

[Anonymous No.50620589]

>>50619222
checked and yes. $link is such a great sight of desperate bag shillers and doom posters

[Anonymous No.50620616]

serious question, hope you can reply anon - does ICP really make LINK obsolete? the arguments that it can simply run its own oracle nodes on chain is pretty convincing. I’m stuck as to what to DCA in, which of these projects is a meme? are they both a meme?

[Anonymous No.50620803]

Daily reminder that Link “fud” is now literally just saying what has happened in the last two years. And apparently we are part of some conspiracy group to hold down neet investors.

>”nooooo you cant complain about getting wrecked on your investment. We have BIG MACS”

[Anonymous No.50620908]

>>50620803
You missed out the part about you devoting every waking minute to trying to get token holders to sell. Call me biased but I think that's relevant.

[Anonymous No.50621702]

>>50617759
give it a couple years, and the "10k make it 1k sui stack" was a beneficial psyop, where the true numbers were actually "1k make it 100 sui stack" all along

[Anonymous No.50621838]

If we ever get around to actually having a yacht party I’m going to one by one take you all into the water and drown all of you. My head is getting dizzy listening to all of you faggots for so long now.

[Anonymous No.50621966]

>>50617902
Yes, I’d be interested in hearing this too. I’m trying to decide where to put 5K.

[Anonymous No.50622855]

>>50617902
Why would you create a country and use someone elses currency?

How do you have control over your network?

[Anonymous No.50622888]

>>50620552
some pedo tranny didnt get mod status so they deleted it. read about it on here dont use discord
>>50620589
everything is a broken promise until they launch many things as promised like steaking deco ccip and so on

[Anonymous No.50623004]

Always enjoy your threads.

Thanks much spoony! TMS!

;)

[Anonymous No.50623156]

>>50621838
>He thinks he will have time to drown people before the CIA blows up the yacht

[:^) No.50623281]

>>50610112
Look at this cunts face. Smug prick.

[Anonymous No.50623911]

>>50610112
Why are you such a nigger.

[Anonymous No.50624104]

>>50619222
>discord gone
>checked and he's right
good riddance I lurked in that discord and checked it every couple of months and it got more and more useless

[Anonymous No.50624331]

Why would you buy it instead of something good?

[Anonymous No.50624811]

>>50610112
realistic price predictions within the next 1-5 years? is 1000 usd possible assuming milk isnt 1k a galloon

[Anonymous No.50625054]

>>50610112
Would a token price appreciation drive down apy? Could 1k link eoy mean 1% apy? Could 10k link mean .1%?

Is there any way to calculate a shift in apy based on token price if there is indeed a correlation?

[Anonymous No.50625210]

>>50625054
do u really think we could see 1k a link?

[Anonymous No.50625304]

>>50624811
Due to superlinear staking, much less collateral is needed to secure the network. So realistically the price could stay at $5 even with increased adoption. Not to mention the 50 million (and probably more) which will get dumped on the market pretty soon.

[Anonymous No.50625368]

>>50625304
This. Bunch of 4channers tried to force it as /ourcoin/ back during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibos event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.50625949]

>>50617280
Why do you randomly caps letters

[Anonymous No.50626062]

>>50610944
>The users of 4chan did everthing in their power to alienate those people, so link had little speculative pressure during bull times
Ffs, looks like chainlink spoonfeeder is in fact the same low iq schizo who thinks 4chan unironically killed link’s PA during the bullrun. opinion entirely disregarded, you fucking retard

[Anonymous No.50626115]

>>50626062
he's not lying, I remember the threads where they would coordinate FUD on reddit anytime they could. And it worked effectively.

[Anonymous No.50626178]

>>50626062
newfag

[Anonymous No.50626289]

>>50617902
>2022
>asking this question
5 years have gone so fast

[Anonymous No.50626446]

>>50626062
You're a seething fudfag linkie starting to realize his own actions might have had consequences and lashing out against the unpleasant feelings creeping in.
Everyone knows you killed link's PA during the bullrun. You set the snowball rolling downhill, whales and CeFi took it from there and the momentum kept growing, but they couldn't have done it without you. You made your bed, now take a nap.

[Anonymous No.50626572]

>>50626446
TOKEN NOT NEEDED LMAO

[Anonymous No.50626626]

>>50625304
you are an idiot. Superlinear staking makes the network more secure hence more valuable and attractive.

[Anonymous No.50626812]

>>50620253
>27 posts by a serbian rape-baby imploring that i sell my linkies
you're that retarded fag that sometimes ends up making 50+ replies over 12 hours straight telling people not to buy link, aren't you?
how does it feel, knowing that you spend so much time on this but only ever manage to come off as a deranged retard at best?

[Anonymous No.50626865]

>>50626572
Only token needed lmao

[Anonymous No.50626878]

>>50626062
He's right, you stupid retarded fuck. I suppose you think fundamentals pumped last year? DOGE, ADA, SHIB, the titans of innovation. Ask yourself what could have gone differently if biz had acted in the other direction, if their social skills matched their LINK obsession. This all might've been irrelevant if CL had their shit in order with staking and CCIP, which is ironic because supposedly they're "too busy working" to play pumpamentals or consider price, yet here we are with the major fundamentals still undelivered and a legion of self-defeating losers fudding their own bags everywhere. Even if you say it was manipulated by deep pockets, you'd be in cahoots. After all, what shorter wouldn't see an opportunity in an asset whose own holders act as an unpaid legion of fudders? Fud4fun anons should be lapping up the Nexo short effort and praising Simeon. This is what they wanted, no? Because you didn't need retail or hype at all, right? Cuz crypto is a perfect market for valuing fundamentals and LINK's fundies will take care of everything? How'd that turn out? Biz is just beyond retarded. Is it stupider than pol? I think so.

[Anonymous No.50626922]

>>50618068
>If Jesus Christ is playing quake3 during the 1000 year reign is it wrong to frag him?
> would you even stand a chance

[Anonymous No.50626958]

>>50617759
Push hard in other areas of life, buy frequently in small amounts when the price is low(now) and never sell until you make it

[Anonymous No.50627034]

>>50617280
what is keming?

[Anonymous No.50627138]

>>50617280
ding ding ding we have a winner

[Anonymous No.50627147]

>>50617417
>The current me has been created by the world and in that case my role will be to fud shitcoins when I see them so that others don't make the same mistake I did and take some profits when it pumps and don't bag hold when it later fails to deliver.
Thanks for caring so much about our financial well-being anon <3

[Anonymous No.50627268]

>>50625054
>Could 1k link eoy mean 1% apy? Could 10k link mean .1%?
Basically yes, link revenues from stacking will be in dollars, and to get the apy in % you compare the yearly revenue in dollar to the price of the token.

If the token appreciate in price that makes the % of apy comparatively lower. So basically what we can expect is the % to be very small for a good while as the token price is driven by speculation. Without speculation the token price can in my opinion be expected to stabilize at whatever it needs to be for 5% apy

[Anonymous No.50627449]

>>50610112
what do you make of Sergey's endorsement of Celcius?

[Anonymous No.50627689]

>>50610112
Why aren't you buying QOM? honest to god

[Anonymous No.50628547]

>>50610883
CL Marketing fag here, I unironically buy LINK monthly with my sallary, so it's technically a buyback of the company

[Anonymous No.50628698]

>>50628547
But you'd already be paid in Link, so I know you're lying.

[Anonymous No.50628843]

>>50611177
Release not present

[Anonymous No.50628857]

>>50610112
>I'll answer any questions honestly and meme free
how does the chainlink token fit into this? it seems rather pointless and unnecessary to me

[Anonymous No.50628982]

>>50628857
tnn lol

[Anonymous No.50629093]

>>50610112
So Chainlink is profitable right
And with staking holders benefit
But who benefits now then?
Node runners?
Is it possible they bribed sergey to delay staking

[Anonymous No.50629098]

>>50610112

[Anonymous No.50629152]

>>50629093
very likely. They were able to amass 250M Link among 300 nodes in "sergey" dumps. I vow here and now, to never use any of the OG Nodes

[Anonymous No.50629316]

>>50627268
This isn't true. 5% APY is the target REGARDLESS of the token price, for this first phase. That has been clearly stated. Therefore, if the token price rises, we benefit, despite (probably) not having our entire stacks staked.
It wasn't "5% APY based on a token price of x"

[Anonymous No.50629438]

>>50629098
:D

[Anonymous No.50630034]

>>50610163
Steak reminds me, kek, when will the LINK staking go live and how are they utilizing their partnership with ALBT.

[Anonymous No.50630375]

>>50610437
>complaining about racism on 4chan

[Anonymous No.50630509]

>>50610437
suck my tits nigger.

[Anonymous No.50630544]

>>50629316
yes, but that's only for this first subsidized phase. when staking rewards are solely based on fees, there will be some kind of equilibrium sought between apy and price. slightly disingenuous to tell the guy he's wrong when you're the one who specified the first stage only when you corrected him, while he was talking about staking as a whole.

[Anonymous No.50630593]

>>50629152
>>50629093

[Anonymous No.50630685]

>>50630593
node operators dont have an interest in decentralizing the free money showers more while dumping on the market and paying pajeets to scream sergey dump on all channels

[Anonymous No.50630950]

>>50629316
It's impossible for the APY to be fixed regardless of token price.
APY is basically network rewards (which is independent of LINK price) as a % of the total value staked (which depends on LINK price).
For example if link price doubles but everything else remains constant, network rewards should remain constant (18 decimals), therefore APY is halved.

APY is not a parameter, it's the result of network rewards, supply/demand for staking, and token price.
Just like link price it's not a parameter, it's the result of supply/demand for the token.

Many anons think staking is bullish because they'll be able to get a certain apy they made up in their mind.
The true reason why staking is bullish is because as node profits grow through adoption (more node income = more node profit = more APY assuming constant LINK price), more and more tokens will be locked up in staking, which will increase the token price (and inevitably decrease the APY back to equilibrium).

[Anonymous No.50631436]

>>50629316
You're talking about the v0.1 phase that will be paid from Sergey's pockets, that's not how actual stacking is supposed to work.

Tho it indeed likely that on the long run, when speculation dries up and the full potential is achieved, the apy will naturally adjust around 5% as it seems to be the fair price for the kind of passive investment that is chainlink. That's just an estimation of course, it can be more or less depending on how risky lending linkies turn out to be

[Anonymous No.50632225]

Chainlink king of all coins will be number 1.

[Anonymous No.50632976]

>>50617759
looks like igmi

[Anonymous No.50633071]

>>50610112
why is chainlink supporting exchanges that actively manipulate the price of chainlink?

[Anonymous No.50634457]

>>50630544
>>50630950
The guy I answered in my last post was talking about $1k eoy. By the end of this year we will still be in v0.1, so his hypothesis that the return could vary depending on token price is false, assuming what we've been told is true (that we'd receive 5% regardless).
I wasn't talking about subsequent staking versions.

[Anonymous No.50634562]

>>50633071
Dont expect him or any other shill to answer that question. Ive asked a hundred times and they all dance around saying shit like “Link cant control who integrates w them” or some shit. Oh so sergey has no control over shilling Celsius in his powerpoints? Interesting

[Anonymous No.50634596]

[Anonymous No.50634634]

>>50633071
why is bitcoin supporting exchanges that actively manipulate the price of bitcoin?

[Anonymous No.50634704]

>>50633071
I'm certain due diligence was done by Chainlink on Celsius, and that Celsius passed this stage. Chainlink aren't the web 3 police, and if a company has bad actors or a flawed model, it isn't the responsibility of Chainlink to vet them. Not only that, but if Chainlink DID begin making allegations about Celsius at t he beginning, they'd be up to their neck in lawsuits. Fud boy here >>50634562
knows this, but likes to pretend otherwise.

[Anonymous No.50634709]

>>50629316
Nah retard it said up to 5%, more likely it'll be below 3%, if it magically pumps it'll only go lower

[Anonymous No.50634786]

>>50634709
You're the retard. Chainlink will make it up to 5% if the rewards come in lower. This has been discussed extensively here. You need to pay more attention and/or stop fudding (we both know which)

[Anonymous No.50635041]

>>50634457
i see that now, though it seems odd to take 1k eoy as literal in this instance since i think in general most people don't take it literally. (note that i do think link is going to 1k, i just don't think 1keoy is generally used in the LITERAL sense of always referring to this specific year). it's equivalent to rebbit saying "to the moon". the phrase has taken on meaning of its own beyond its original literal meaning. so i think the guy was just referring to expected massive price appreciation in general, not the hypothetical of link going to exactly 1k by the end of exactly this calendar year.

[Anonymous No.50635278]

>>50635041
I understand what you're saying, though i inferred by the $1k eoy that he was discussing short term price action which would be more likely to fall under v0.1, and that is why I went with this. Had he implied (which he did not) that he was referring to the token price in 5 years time or some other far-off date, I would have considered this in my answer.
Also, we don't know how long v0.1 will last, it hasn't been announced yet, so I think in these discussions we should be assuming v0.1 for quite some time. This is the time frame I am focussing on, and I'm sure others are, too.