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/biz/ - Business & Finance


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54780363 No.54780363 [Reply] [Original]

Not one fucking word that was said about this project by the OGs of this board has come true. Meanwhile Twitter is a literal hellscape of mentally ill up only bagholders, chartfags, and some weird crew of CLG autists ready to pounce on anyone sane and socially adjusted enough to criticize Chainlink for its dogshit price performance. There’s even this fad of copying random delusional copium responses on this board and pasting it on Twitter with zero context while intentionally ignoring the /biz/ responses that quickly btfo whatever is being screencapped.

I cannot take this entire fucking space anymore. It’s the most immature, pathetic attempt at legitimacy I have ever encountered. Traditional finance takes one look at FTX and crypto loses a decade of progress. It’s unironically a fucking casino, a bunch of depressed and desperate young men losing their money to a handful of VCs and early adopters. This space will get regulated and taxed beyond recognition, and anything of interest will be gobbled up by tradfi like a Hollywood kike taking your screenplay, changing the title, and making bank while you sit in echo park traffic waiting for a callback.

The beauty of it all is I can just fade this entire space for 2 years without worry at this point. If you were too retarded to glean the gist of Sergey’s talk the other day, it’s exceedingly obvious that defi is too risky for major tradfi players even if the tech is technically better and the approach more financially advantageous. No one is biting. There’s nothing happening behind the scenes, he even mentioned he’s optimistic that some pilots will “eventually” progress beyond pilots kek.

See you faggots in 2 years. All I have left is the fading hope that we might get another scam bullrun back to ATH in 2025. If not oh well, it’s not like any of this shit matters with the forthcoming AI tech singularity, but that’s a topic for another thread…

>> No.54780371

>>54780363
>I’ve never been more demoralized than now
Thats bullish
>Not one fucking word that was said about this project by the OGs
Thats retarded.

Didn't read beyond. Enjoy your baklavak or what ever you weirdos eat over there.

>> No.54780373

>>54780363
based and truthpilled

>> No.54780381

>>54780363
Daily reminder to thank chainlinkgod based king

>> No.54780398

>>54780363
dr;ns

>> No.54780413

>>54780363
See you tomorrow

>> No.54780462

>>54780363
>I can just fade
>fade
yeah deadass you can just fade crypto bro ong no cap

>> No.54780750

>>54780462
This. Saw the word fade and I thought about asking him what the fuck it meant

>> No.54780835

>>54780363
the exact same thing you posted was said back in the today only swap it out to btc and mtgox
do you care to find out what happened after that?
also link to this twatter accounts that copy posts here

>> No.54780850

>>54780363
Sergey failed and refused to play politics because he rejects his own darkness.
Only political power can counter price manipulation.
No amount of fundamentals can counter such a powerful price suppression.

>> No.54780857

>>54780363
>Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results

>> No.54780859

>>54780835
Your coping if you think mtgox came even close to the amount of damage FTX, Celsius, 3 Arrows, Luna etc. did to cryptos reputation. That’s not even mentioning all the just outright rugs and scams that made headlines during the last bullrun.

>> No.54780873

I am beyond comfy.

>> No.54780888

>>54780363
Imagine coming on 4channel to complain about Twitter.
Kindly go back and stay back.

>> No.54780930

>>54780859
Human greed is enduring. Desire for riches and independence too. The FTX scandal was damaging but pretending like it will change the brain wiring of the human species is just dumb bearmarket talk.

>> No.54780950

>>54780859
lol newfag, your stupidity shows you dont know anything
mtgox was beyond catastrophic, they were 90% of exchange volume back then
people really thought that was the real end
ftx didnt even come close to wiping out the level mtgox did and most of ftx were dumbfag normies and vc not true believers
celsius also only fucked retards and 3 arrows didnt even touch retail only vcs

>> No.54780964
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54780964

>>54780363
I relate, anon.

Yes. My sell target has plummeted. I'm at an age where I can't wait much longer. I need to buy a home to escape the wagecage, which is all I've ever wanted. $50 was an awkward price though. I hoped for the kind of sum that would given me passive income in perpetuity to go with the home, but that never came, so the home went with it. I went from way out ahead of my peers, finally flirting with the actual reality of financial independence, with all the hope and confidence that came with all that, to subpar even on paper, watching my friends buy homes and marry. Kek.

All that matters to me is making the right moves now. And at the end of the day, regardless of all my own hope and speculation, LINK fell from the top 5 to outside the top 20, nearly out of the top 30 for a time. It followed a standard altcoin bubble and pop. It did not show any special resilience during the crash, correcting 90% like everything else. It has been eaten alive by BTC and ETH for 2.5 years. Almost all of the two-cycle alts never reached their 2017 highs again. How and why would I ignore these things? Or how should that not test your conviction? Sergey's own frustrations about the horizon is a sign the kind of money needed for a 6x in the medium term probably won't come from fundamentals, so a move to $50 would rely on a marketwide movement. Every day I try to justify holding onto this thing, but I don't know if I really have one beyond the long-term cap gains discount and my own inability to let go. At least I'll make off with a decent stack of money but the dream seems dead. Ty for reading my blogpost.

>> No.54781013

>>54780950
Can you read? Are you retarded? IDGAF about liquidity or the macroeconomics back then, I was speaking on cryptos reputation. Maybe mtgox did hurt the 50000 nerds using crypto back then more, but that failure was largely contained to said nerds and their circles. This time crypto was everywhere. Celebrity endorsements, stadium naming rights, etc. it had a fucking Super Bowl ad ffs. The impact on reputation with the general normie public (the ones needed for mass adoption to take hold) can not even be compared. Do me a favor and read this twice slowly before responding again faggot.

>> No.54781109

>>54780930
I agree but how do you know that greed will flow back into crypto and not into an unknown future asset? I'm not saying crypto is dead, but another bull run like the last in not a certainty.

>> No.54782079

>>54781109
Probably new id but same anon.
I hear the point. I will say though I was already surprised by the last cycle's performance, mostly a product of the QE insanity, but things like NFTs made it obvious people are entertaining new avenues for degeneracy. I expect diminishing returns. But crypto will collect its share during "risk on" environments. It's the higher risk belief to think that won't happen.

>> No.54782782
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54782782

>>54780363
I hear you and you’re probably right, but what’s the alternative? Wageslaving, stocks or property? We are beyond fucked and I think you’re right in that Link won’t move for 5+ years but there is no alternative.

>> No.54782805

>>54780363
actually wrong, Tradfi is getting into DeFi but only after they started marketing to them and calling it "openFi" instead of DeFi. kek

>> No.54782832

>>54780371
fpbp

>> No.54783114

>>54780363
>defi is too risky for major tradfi players even if the tech is technically better and the approach more financially advantageous
The lack of adequate privacy is what is holding the big players back. more seamless crypto privacy solutions are needes.