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/biz/ - Business & Finance


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56022417 No.56022417 [Reply] [Original]

So after getting called out on twitter for misreporting daily revenue, the advocates conceded that total cumulative revenue is about $67k all time.

This means daily CCIP revenue is about $800 a day give or take. So $800 x 365 = annual revs of $292,000. If we use a tech multiplier of 20x, we get w current valuation of $5.8M

How the hell can it justify a current value in the billions

>> No.56022437

>>56022417
hi, I'm also gay

>> No.56022441

>>56022417
But we have to do the same math for projects at similar valuations to get a sense or relative value. Can you show the revenue figures for Tron, Shiba Inu, ogecoin and XRP please?

>> No.56022453
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56022453

Eric Wallach posts the dune chart source for anyone wanting the source. It’s important to verify the numbers for yourself these days

>> No.56022463

>>56022441
I agree with you there. None of those make sense, especially the fucking dog coins. Clown world…

>> No.56022472

>>56022463
The question of crypto valuations is actually a good one to ask. What is really keeping them afloat?

>> No.56022484

>>56022472
Tesla has never turned a profit.

>> No.56022483

I guess my question is - when people say Link is undervalued, Im curious how do you get to higher valuation numbers wise? Id like to see the math. Or are they just saying there should be more speculative buyers based on partnerships, announcements, etc

>> No.56022491

>>56022453
Who is Eric Wallach

>> No.56022504

>>56022484
Its chart also looks like a shitcoin in the middle of bursting.

>> No.56022507
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56022507

uhmmm I'm just not gonna sell you know HAHAHAHAHAHAAHHAHAHAAHA

>> No.56022509

>>56022417
>>56022453
>>56022483
So $67k just from CCIP on just 4 chains when it isn't even available to the public yet?
Boolish

>> No.56022519

>>56022417
>>56022453
why are you cropping out the dates you stupid faggot?

>> No.56022562

>>56022484
Lol where are you getting that? They also did like $20B in revenue last quarter. Not really an apt comparison

>>56022491
He posts the analytics on twitter. Not a fudder. People confuse him w Eric Wall who hates Link

>>56022519
Those posts are from the last 24 hours, which you could verify for yourself in ten seconds. Not sure what point youre making there

>> No.56022581

>>56022484
Not to derail the topic but fyi: https://www.wsj.com/market-data/quotes/TSLA/financials/annual/income-statement

>> No.56022592

>>56022509
Zoomers have unrealistic timeframe expectations, they think 100% annual returns averaged over many years is "boring" bc they have like a few thousand dollars at play. It is staggering to see how stupid most people have become

>> No.56022610

>>56022417
>How the hell can it justify a current value in the billions
The tokeneconomics is incomparable to the stockmarket/company marketcap. Publicly traded companies have their marketcap based on earnings and anticipated future earnings (roughly speaking), coins like Monero has no earnings and no future earnings, they derive their value from being a medium of exchange which mean supply and demand of that particular medium of exchange drives the price.
Most cryptocurrencies (if not all) function similarly, it's supply and demand that dictate the price - not earnings or anticipated earnings.
In the case of Chainlink the revenue earnings are not irrelevant, they (in theory) should boost demand for the token - people staking, becoming node operator, competing with one another for these earnings. But the value of Chainlink is not linked to the earnings, it's linked to it's usage as a medium of particular exchange - like all other cryptocurrencies.

>> No.56022654

>>56022610
So how can we fairly value cryptocurrencies? Can you even compare a coin like Monero to Chainlink in terms of usage derived value?

>> No.56022657

>>56022610
I think we can stop calling it cryptocurrency.

>> No.56022679

>>56022417
That's only CCIP, which has only been out a month or so.

You complete and utter retard.

>> No.56022707

>>56022610
>Publicly traded companies have their marketcap based on earnings and anticipated future earnings
Even here there's no real correlation, and 99% of stock value is speculative.

Tesla stock for instance does not pay a divident, and its only "use case" is as a governance token; which is arguably the scammiest use case for cryptos, and completely irrelevant for 99.99999% of Tesla stock holders.
And yet Tesla stock market cap far exceeds the top 10 car makers in the world.
Based virtually entirely on speculation.

>> No.56022712

>>56022679
These faggots think that revenue jumping from 0 to $1 mil a day right off of release is a good thing and not a complete scam manipulation. Zoomers have brain rot from cooming from porn so much

>> No.56022737

>>56022712
Not to mention "revenue" is a retarded yardstick for assessing fair valuation.

Bitcoin miners generate enormous revenue on paper, but 99% of that revenue is inflationary subsidies, and on top of that 99% of that revenue goes to the gargantuan hardware and electricity costs, leaving profit margins so thin even massive conglommerates have to team up to turn a profit.

>> No.56022811
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56022811

You were right once. In 2018. You out performed the market back then. The energy of the biz link research threads and the run against eth/btc all the way up to the top 5 were truly something to behold. Congrats.

However, you've been a loser clinging on to past glory ever since, unable to re-adapt to shifting market realities. You seethed at your token under performing during the great normie bullrun. Adoption did not matter. Instead, you bagheld all the way down, watching your previously amazing pick get flipped by the dumbest scams while normies killed it with monkey jpgs and dog coins. Being right did not matter.

You're now that middle-aged pathetic dude who still bores people with how he was once a promising quarterback in high school. Yeah, you almost made it to the NFL that one time. Almost. But you never actually made it. It's been 6 years already and the existential dread is settling in.

10K was never enough to 'make it'. You needed a few mil to escape the race but barely reached mid 6 figures hell and refused to cash out, because you kept telling yourself it would regain rank 5 and the normies would see the light of how it's the 'essential backbone of the entire smart contracts economy with monopoly adoption'. They never did, and still don't see the light now. Your long-awaited SWIFT confirmation finally came, but no singularity. Instead, a big nothing. You're getting increasingly nervous and losing hope. 'Maybe in the next bullrun', you keep trying to reassure yourself. You thrived off your feeling of superiority against the normie and how you made easy money quickly without ever needing to wage like them. You were so much smarter than the rest, right? Now you realize you're a failure and still don't know how to explain that multi-year resume gap at the next family meeting.

You F5 biz and at last, see a new WTFWT thread. Excited, you open it, hoping for a short-lived dopamine rush. Alas, you got trolled. Again. The suicidal thoughts are back.

>> No.56022823
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56022823

>>56022811
>Adoption did not matter
Chainlink's adoption mattered to Bitcoin for some reason.

>> No.56022874

>>56022417
>If we use a tech multiplier of 20x
Right now it's in a limited access mainnet. Only 2 projects are live on CCIP.
You think when SWIFT goes live and the banks are doing their millions of txs that it's going to be a "x20" ? That's not even counting the multitude of defi dapps that will use CCIP. x20 is understating it a lot.

>> No.56022877

>>56022811
Yea I’m not reading and never selling, sorry!

>> No.56022884
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56022884

>>56022823
You cope, with schizophrenic delusions, imagining patterns where there are none, and conjuring conspiracy theories about how the shadowy elites and every other market participant are somehow targeting you, the NEET failure. You forgot to take your meds, again. 'Let me make ANOTHER mspaint red arrow infographic, surely this time I'll expose THEM'. Meanwhile the only person nuking the token is your beloved guru himself, directly on Binance for the whole world to see. The reality is too painful for your mind to accept. You subconsciously keep creating more and more convoluted scenarios and imaginary enemies while continuing to worship and defend your abuser. It's a vicious cycle of mental illness that you cannot break, enabled by other members of your cult.

>> No.56022900

you all hold chainlink
literally every single poster in this thread
EVERY
SINGLE
ONE

>> No.56022971

>>56022811
Wow dude what a projection good peek into the life of a total loser that is yourself.

I was around for assblaster and saw the magic back in 2018 and it was really fun, really awesome. I was a depressed loser with no money to my name working a 9-5 shoveling all my spare money into LINK and the first lift off gave me enough starting capital to trade around during the bull run. I witnessed DeFi summer and had fun with the easiest staking gains. I made money during the artblocks craze and had a blast waking up to my generative JPEG shooting up $50,000 over night. I leveraged my Link Stack and took out a loan on AAVE to buy the ETH local bottom. I quit my fucking shit 9-5 job working with absolute bottom feeders and attained a VISA to a foreign country and moved with my profits.

My life since I've encountered LINK has became way better. I granted me more freedom, it gave me confidence in my decisions, it earned me respect amongst friends who I've helped make money along the way. I now sit in a foreign country with an apartment 5 minute walk from the beach, Still haven't worked a day since i quit my wage slavery.

The truth is, in your example you so easily laid out for all of us to view your own thoughts, money was never going to change it. You were never ready to make it. You never had the courage to grab life by the balls, and no amount of money will change you in this way.

And I'm still stacking LINK. I'm Still bullish. I never once blamed another man for my own short comings. I never once looked back and thought where did I go wrong. I do not dwell on the past. I love God, and I love my life.

Have fun with yours.

>> No.56022991

>>56022417
and sadly thats better than 99% of crypto projects....


i said this in the beggigin

you guyus will be dissapointed in the revenue in the beggining.

this is the beggingin.

>> No.56023009

>>56022417
I’m fucking done with this Link shitcoin. Coinbase just released their one L2, this is the closest thing to a sure thing that I’ve ever seen. Fuck Link I’m going 100% all in to Base. Fuck jannys tongue my anus.

>> No.56023036

>>56022971
but you do, work. you work at that.
you are so smart that when you work, you are 1000% > productive than the schmuck. .. your time is worth something. productivity is only profit. you can't think of it as 'how many bread rolls i pushed outta the machine today' you're a fucking schmuck.

>> No.56023062

>>56022971
it's just some copy pasta mate
he probably never even bought crypto

>> No.56023074

>>56022654
By valuing them at zero

>> No.56023085

>>56023036
wage earners dont care about anything its a fking easy life cos u just go to sleep
downturn its not gonna work anymore
then they got their hand oot. they did fucking jobs that co. owners considered to be not worthwhile enough to automate. they are actually 'bottom feeders' theres no tech its the scrapings. that is the majority of the economy.
those jobs will be automated fast. in the times of fat it was not a thought, not worthwhile , to invest, to automate such levels. you are gonna be fucking UBI, forced a phase of riots. hordes of UNSKILLED sales / admin shit. what did you do with ur life homie. now its finished. u bouncing around looking for a job and your skill level is a machine. you are going to be state supported you are the problem. its the MAJORITY. all sales. admin. law, accountancy.

>> No.56023087

>>56022441
XRP is a not a company.

>> No.56023096

>>56023085
>its the MAJORITY. all sales. admin. law, accountancy.
you are UNSKILLED.

>> No.56023107

>>56022509
I'm a fucking retard in southern IL and have made 25k in a single day before in my actual brick and mortar business pf physical things
Kek

>> No.56023110
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56023110

That's just the current limited release CCIP numbers, not including all other services that are paid for. I don't necessarily disagree that it's over valued but if it is, then so are many many other projects (and some undervalued). It's propped up by speculation and you could argue it could be higher based on future revenue (Sergey has provided estimates for future revenue $50B-$100B). If that is a 7-10 years off, doesn't buy Link for $6 still make sense? I mean that would be $50 to $100 of revenue per link fully diluted. Even if he was off by a factor of 50, and it had revenue of $1-$2 per link in 7-10 years, you could still make a case that throwing some extra money at it is as justified as throwing it at an over inflated stock market. does real estate look enticing right now? There really is no "right" answer, the market is what it is - too high, too low, whatever. I just don't think link will be $6 forever (although it has felt that way at times). I think it's likely to increase in price as the services expand, which they almost certainly will.

>> No.56023114

>>56023062
suspected it was. even so.
even so. 5 years ago existed on irc. and one of these ppl was going thru the boom. they do exist. he checked out. lots of people made lots of money outta the crypto boom.
now it is over. it was 'tulips' what drives the price a committee. the socialised, were getting on. ppl like my irc friend. plugged into every forum. when does the price move. well being a pump and dump 'they need money for xmas'. the fking dumps gonna be november. that was the biggie. 5 years ago was it. every sucker was on board. they wrecked a huge amount of idiots. it is a racket "what determines the price" . lunatics having fucking candlestick charts on btc. on coins. the prices are determined by committees. The prices are not relevant to the real markets

>> No.56023120

>>56023087
Neither is the link token

>> No.56023135
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56023135

>>56022971
Comfy post right here.

>> No.56023230

>>56022679
>>56022712
I am in my late 30s

>>56022610
Im not sure there is currently any evidence to support increased usage boosts valuation. Arent there more users now versus 2 years ago?

>> No.56023242

>>56023230
>I am in my late 30s
so what?

>> No.56023255

>>56022707
Agreed Tesla valuation doesnt make sense. I had seen a writeup about how they’ll control the battery market or something but still its too much speculation for my liking. Same with crypto. Its hard to find value in todays markets

>> No.56023267

>>56023255
there is no value in the crypto market
except chainlink. that's the whole point

>> No.56023275

>>56022971
You bagheld down from $55
that's sad bro

>> No.56023288

So chainlink is a shitcoin? Oh thanks I didn’t know that

>> No.56023291

>>56022441
This is a false equivalency because those are all scams known only for being scams. In the case of doge and Shiba they're just "number go up" scams and in the case of tron it's a network for Asians and Nigerians to send pocket change amounts of usdt to each other to pay their $10/month rent while Justin Sun helps tether launder money. Scams pump the hardest. Xrp and cardano are good equivalents though and shockingly they're both worth ZERO!

>> No.56023293

>>56022737
W bitcoin vs altcoins, I dont think its an appropriate comparison for a variety of reasons, but it does bring it back to the question of how the hell do we value any crypto? Are there any quantifiable metrics or is it all just blind faith

>> No.56023300

Just accept that you provide for hundreds of HR roasties and event managers so they can travel the world while earning 6 figs

>> No.56023321

>>56022874
Ok but I am talking about the current valuation. How do we even get to current value of $3.5Billion? Is Swifts integration already priced in?

>> No.56023330

>>56022737
>massive conglomerates have to team up to profit

Lol. What are you talking about? Go to a conference, meet some people, buy the best ASICS you can, find cheap electricity. That’s it.

t. Profitably mining BTC since 2015 thanks to Duke electricity in North Carolina. Average of 5 cents per kwh

>> No.56023349

Why are revenues so important for chainlink but no one ever questions cardano xrp shiba inu or bitfuck revenues?

>> No.56023362

>>56023330
we're not talking about your lil rinky dink mining setup

>> No.56023385

>>56023321
Market cap isn’t “valuation.” It is literally just multiplying the current market price by the current supply. It is a meaningless metric in crypto. You get at a current token price of $6 because some entities are willing to buy the Link tokens at that price and some are willing to sell. Simple as. The only way to discover why that value is to do an impossible evaluation of many unknown factors.

>> No.56023407
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56023407

>>56023362
Cope

>> No.56023424

>>56023242
The guy I replied to said zoomers. I was correcting that.

>> No.56023426

>>56023362
Regardless, you contradicted your own retarded original point. If “rinky dink” miners can turn profit, it negates your retarded premise that it is some complex endeavor. I have a friend profitably mining with 5 ASICs

>> No.56023474

>>56023110
I think we’re basically arriving at the same conclusion.

Real estate imo is still fine if you can afford it and arent relying on a quick flip. The supply and demand is still way out of wack so Im not expecting a major crash.

>> No.56023491

>>56023110
>20% of global GDP will be web3 boondoggles by 2030
This is what stinkmarines actually believe.

>> No.56023499

>>56023385
So then theres no way to know if Link is undervalued because no one knows the current value

>> No.56023535

bwhahahaha I have co workers who make more a day than what ccip generates bwhwhahahahahaha

>> No.56023590

>>56022991
This post is legitimately making me want to sell. Are you retardesreded?

>> No.56023611

>>56022417
So we just need a 100,000x increase of Ccip usage and Ccip will be making 80 million a day Or 29 billion a year so if we give a valuation based on 10 years of revenue then Chainlink valuation should be 290 billion and each link would be worth $290.

How realistic is this, considering Ccip is still not fully adopted yet? Can we expect a 100,000x increase in CCIP usage?

>> No.56023619

This is called a zombie corporation when it cant sustain itself and relies on borrowing money.
Eventually the debt interest payments will become too high (chainlink will run out of tokens to dump). The goal is to increase the valuation as high as possible and selling the company before it blows up.

>> No.56023683

>>56022900
Yes.

>> No.56023701

>>56022417
Hmmm, I never thought about it in this way. Thank you, op, for sharing this.
I was considering investing the the link token, but after researching, I think my money is better placed elsewhere
Again, op, thank you for sharing this.

>> No.56024059

>>56023619
what if no one wants to buy the company? what happens to the tokens

>> No.56024262

>>56022441
wow it's almost like having "real" revenue is actually a negative for crypto meme companies because they then get rightfully judged/valued on those miniscule revenues instead of pie in the sky hopes and dreams

>> No.56024283

>>56022971
holy fucking COPE lmao

>> No.56024311

>>56023619
They have a huge warchest from the tokens they sold. That’s their runway. They are building out the infra to earn more. The metrics in this thread do not show all their revenue. Payments for their primary business so far, price feeds, do not happen on chain.

>> No.56024354

>>56022484
It actually has at this point but its revenues in no way justify its valuation. Its value is mostly based on speculation around FSD which has been next year for a decade, and the company has actually become a laggard in that particular field.

Crypto is just like any other speculative tech company. There is, at the core, a product with some niche uses (dodging taxes and buying drugs online). There is not a multi-trillion dollar asset. All of that is speculation and greed that will end badly for 99% of the people who invest in it. But it will make enough people rich to get pigs into the slaughterhouse.

>> No.56024417

Chainlink is basically like a company that runs sewers. Those companies are never big, they don't accrue value. They just do a very necessary service but they just lay the pipes for the actual industry and creative economies to work. Without sewers, nothing works, but sewer companies are not profitable and also tiny compared to others, they're public utilities (like Chainlink is literally trying to be). They just work and they can work at a valuation of basically 0 compared to actual financial institutions like banks, or tech companies like Google and Apple. Those companies make billions and are worth trillions and they all need sewers. But the sewers just run and cover their costs, nobody gets rich from doing the dirty work though.

>> No.56024535

>>56022884
pro tips for new anons reading shit like this.
once you see its an angry fudder you can just read the words around punctuation
itll give you a good enough gauge to see if they say anything worth responding too
on and youre welcome for the (you)

>> No.56024760
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56024760

>link value is based on usage

Ohhhhhhhhhh linnnnnnkie

>> No.56024921
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56024921

>>56022437
hahahahahaha
hell yeah, dude.

>> No.56024973
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56024973

>>56022417
>tfw you realize you've made 5x as much revenue as bizraelis favorite shitcoin on your side hustle during the past 4 years

>> No.56025036

LINK unironically has better tokenomics than basically any other crypto out there. The value proposition is very straightforward:

>Chainlink has a network effect monopoly on Web3.0 services
>These services create real value for finance, insurance, gaming, etc.
>These services must be purchased with LINK
>The pricing is fair and calculated in USD, so it doesn't cost an arm and a leg to use Chainlink
>The more demand there is for the services, the more demand there is for the LINK token, so the price of the token is a function of available supply and demand
>The token is also locked up as collateral to provide insurance for Chainlink services, so most of the supply isn't being traded all the time

DESU I couldn't think of a better use case for a crypto token if I tried. There is actual value there.

>token not needed

STFU nigger

>> No.56025083
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56025083

>>56024417
Bros we bought a stinky Sewer coin. What were we thinking?

>> No.56025091
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56025091

>> No.56025175

>>56023491
link can be adopted and in doing so, woould make certain workers redundant. The much larger reduction in payroll dwarves the smaller "fees" needed to use link. This is value that is waiting to be captured. Any institution that deals with guarantees, assurances, collateral and anything can capitalize on this.

.t fud link all you want but at least own a small bag you dumb shit idiots.

>> No.56025218

>>56022417
Despite CCIP making 0.29% of BTC tx fees per day, 1 Chainlink is worth only 0.02% of 1 BTC. Really makes you think

>> No.56026137

>>56023267
XRP/XLM solves everyone paying 3%+ on every tx they make for everything all the time.

>> No.56026171

Oh look it's light mode twitter phoneposter. I think this is the first post he's ever made on /biz/.

>> No.56026286

>>56022509
You'd think eth would be pushing it up more though. Hopefully that's what happens when it opens to the public.

>> No.56026687

>>56026171
Good to see you too buddy! Same time tmrw?? Ill try to pop in around lunch time but its gonna be a busy day after the long weekend

>> No.56027651

>>56023330
>>56023407
>>56023426
>you can still turn a profit if you have huge rack and 3rd world-tier electricity cost!

wow such rebuttal.
Now look at the current mining pool makeup, it's gotten so conglommerated that the 2 biggest mining nodes control over 53% of the hashrate.
This is in large part due to the ever-shrinking profit margins.

>> No.56027662

>>56024760
>conflating Link value with Chainlink Labs revenue
lol

And what are you even suggesting, that Chainlink implement an MEV-style backdoor system where they skim a percentage off all transactions?
That's not how decentralized protocols are supposed to work.

>> No.56027715

>>56022610
CCIP is a utility though.

>> No.56027817

>>56025218
Zamn...

And already making 6 dolla daily from LANK.

>> No.56027847

>>56022592
>bc they have like a few thousand dollars at play
Mebe you've answered your own question there

>> No.56027850

>>56022811
This

>> No.56027944

>>56024417
By that logic, Google is a sewer company because all they really do is run ad infrastructure. All the other shit they get up to provides negative profit.
Data brokerage is a ridiculously fucking massive industry. There's a reason why data is called digital oil.

>> No.56028026

>>56022811
Problem is, you can be right once, but the market can also be wrong twice

>> No.56028627

>>56027944
>There's a reason why data is called digital oil
Except it's not

>By that logic, Google is a sewer company
It is.

If you fully explore the
>Google app ecosystem
You'll discover they have absolutely tons no one has even heard of and that are largely defunct. Then they rename them when the next
>dev ops
Team takes over and messes it up again

Even basic stuff. For instance, Google drive will sieze up trying to upload a few tens of photos and go into a perpetual resync / network error cycle. It's been doing for yeeeeeeeears and other POWA users, like myself, have already reported it, yeeeears ago. And the "dev ops" have still yet to fix it. As someone else pointed out in the error report
>it renders the service effectively useless
Indeed. Indeed.

I would not be at all surprised if 90% of the "dev ops" team at Google actually does next to zero "devving", or even just fixing, of things on a day to day basis (been using it since it was dialup and invite only).

What Google has is a massive monopoly over searches and video streaming thanks at least part to being able to harvest up vast amounts of capital to buy vast amounts of server space. Just like cuckbook (now, the boomerzone[tm]).

>> No.56029256

>>56023107
And this is relevant why?

>> No.56029368

>>56027662
>where they skim a percentage off all transactions?

you mean exactly what CCIP is attempting to do? (but won't bc banks will never need a russian scammer's altcoin to transact business)

>> No.56029378

>>56029256
He's saying in one day, he has made almost half of the revenue Chainlink has made after 7 years and multibillion dollars in funding

>> No.56029395

>>56028627
the post that absolutely annihilated the paid advocates

>> No.56029399

>>56029368
>you mean exactly what CCIP is attempting to do?
What the are you talking about, how does Chainlink Labs skim a percentage off CCIP transactions?

>> No.56029408

>>56029378
No, he's saying we should sell our Link. All the fud posts are saying we should sell our Link. We never sell our Link, so they keep trying.

>> No.56029907

>>56029408
actually the fundamental message is hey newfags: don't buy link. they have largely given up on trying to get us to sell

>> No.56030104
File: 560 KB, 1474x1061, snb.jpg [View same] [iqdb] [saucenao] [google]
56030104

>>56024417
Now imagine if people had to pay every time they took a dump and the sewer company was getting a cut of that. Retard take right here

To the other anons:
Most growth companies trade at inflated valuations based on speculated future growth and earnings. A company that grows at 100% a year that trades at 100x P/E would be trading at 50x Forward Earnings (1 year out)
25 P/E 2 years out
12.5 P/E 3 years out
6.25 P/E 4 years out
3.125 P/E 5 years out
1.5ish P/E 6 years out
.75ish P/E 7 years out
etc...
The idea is that they'll grow into the high multiples and if they sustain that growth for a long period of time, then the high p/e now might actually be "cheap".

>> No.56030344

>>56022811
good enough to deserve a (you), the one jeet in the whole mess who actually cares about his job deserves a couple more grains of rice today

anyway one point of criticism: a resume gap isnt exactly something discussed at family meetings even for those that still care about such contrivances

>> No.56030375

>>56022971
>attained a VISA to a foreign country and moved with my profits
can you provide us with some advise on this part, seems increasingly necessary to relocate come 2025 with the way things are going

>> No.56030387

>>56030375
every country is gonna go to shit
what's important is getting into a gated community

>> No.56030389

>>56030104
What is Chainlink's current PE ratio?

>> No.56030796

>>56024417
>Chainlink is basically like a company that runs sewers
A DECENTRALIZED NETWORK of sewers that EVERYONE USES and has NO OTHER VIABLE ALTERNATIVE and YOU HAVE TO PAY them in their NATIVE sewer TOKEN EVERYTIME YOU USE THEM.
All the banks toilets? Connected to the sewer system. Imagine TRILLIONS OF FLUSHES FLOWING THROUGH THE SEWER SYSTEM every year, each time paying the sewer network a little bit more sewer token.

>> No.56030813

>>56030796
Kek

>> No.56030845
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56030845

>>56030796
Yes sir the flushchain seems like a needful to me sirs, I'll give you 60 percent but in exchange I want 3% of all the doo doo circulating through the sewer on my desk every Monday.

>> No.56030858
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56030858

>>56022483
Chainlink Labs previously charged $1500 a month to prevent million dollar hacks.

Bridge hacks have amounted to over $500M, if CCIP meets the level of security it claims to have, it would be capturing fees from every transaction in a cross chain world.

>> No.56030862

>>56022417
This is significantly more than chainlink

>> No.56030889

>>56022472
marketing and relentless dumping on retail to fund the party

>> No.56030907

>>56030389
Based on the numbers above, it currently trades around a 58,000x valuation (3.5B / $60k annual rev)

Pretty wild especially considering the massive annual operating loss. Id guess somewhere between $20-$100M annual losses

>> No.56030921

>>56029399
I said attempted. But they dont because no one uses CCIP so prob no need to worry about it

>> No.56030940

>>56030907
It's 60k per month though. And that's only including CCIP.

>> No.56031187

>>56030907
are you aware that very few highly valued companies turn a profit

>> No.56031383
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56031383

>>56030389
>>56030907
Doesn't matter, the only thing that matters is growth. As long as it has astronomical growth, it will also have ridiculously high multiples whether its price to earnings, price to sales, or otherwise. This is how retards get suckered into buying companies that trade at 2 times earnings with no growth thinking they're getting a steal, and avoid companies like google, tesla, apple, amd, because "muhh ridiculously high multiples" the only thing that matters is the rate of GROWTH. Go look up the history of the highest performing names in the market, you'll see the same trend.

>> No.56031430

Daily reminder Eric Wallach is a cumsock puppet account of none other Eric Wall, taproot wizard and longtime link fudder. Do not trust his data.

>> No.56031433

>>56031187
Those companies do not turn a profit in initial years but they do once established. They also have revenues in the hundreds of millions/billions when running the initial losses. Their operating loss is typically due to capex from scaling an already working business model. If we're using the Amazon comparison, they were over $1B sales by like their 4th year, which with inflation is at least like $3-5B now lol.

Chainlink does it backwards, where they have hired out every single possible position the company may need 10 years from now and waste money on lavish company get togethers, random diversity events, etc. Most startups fail doing this. You should run as lean as possible until you have paying customers.

>> No.56031523

>>56031433
Sounds like you should sell, but you won't.
Because you're a cultist cuck.

>>56030921
fucking lmao

>> No.56033209

>>56030104
thank god someone in here actually has a brain. Unironic fuddies perpetually suffer from severe nearsightedness. No understanding that in order to buy low, step 1 of "buy low, sell high", you must buy an asset when it is hated, beaten down, and not an obvious win. I bought LINK in 2018 when it was sitting at more than an 85% loss ( 2017 cycle peak -> $0.20). All I was thinking about was the future, and I have only been validated since. Fuddies will always be left behind, and deserve to be as the incestuous, perma-cynical, degenerate faggots .

>> No.56033495

>>56027817
Fuck yeah m8

>> No.56033568

>>56031430
Cool story. It’s cute how many marines like to play make believe.

>> No.56033569

GM based king chads