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/biz/ - Business & Finance

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8052143 No.8052143 [Reply] [Original]

Did I get memed on? All in at 6.5k, already down 6%, do I cut my losses?

>> No.8052165

>>8052143
Bought 20k at 7700 sats. Suck it up pussy

>> No.8052194

Close your eyes, try to clear any thoughts you are having
Take long, slow, deep breathes and put all your focus and attention onto your breathing
iiiiiiiinnnn.................... ooooooooooooouuuut

good. Do this for a few minutes, then -
VISUALIZE yourself becoming rich through your LINK investment
ANTICIPATE the things you will buy with your new found abundance of wealth
IMAGINE as though it is all happening now in the present moment, for the present moment is all that truly exists
MOST IMPORTANTLY
FEEL the way you will FEEL when that moment comes and you make it!
FEELING THE EMOTION IS MORE IMPORTANT THAN JUST VISUALIZING THE IMAGES!

Now open your eyes, look in a mirror, and recite these affirmations (use/add your own that is relevant to the reality you want to create once you make it)
I AM RICH
I AM WEALTHY
I AM A MILLIONAIRE
LINK HAS GIVEN ME INFINITE ABUNDANCE
It's important to do this when you wake up and before you go to bed, but do it as often as possible. Also hold the image and idea of us making it and LINK being worth $1,000 or more in your mind as you fall to sleep.

WHEN WE DO THIS COLLECTIVELY MY LINK BROTHERS, THE UNIVERSE WILL SEE TO IT THAT CERTAIN EVENTS, PEOPLE AND CIRCUMSTANCES WILL ALIGN AND BE ATTRACTED TO US - THAT WILL ALLOW OUR DESIRE TO MANIFEST INTO REALITY!
I love you all

>> No.8052281

We bottomed out. Don't ever sell your link, we're gonna make it.

>> No.8052314
File: 86 KB, 750x714, IMG_1426.jpg [View same] [iqdb] [saucenao] [google]
8052314

I bought another 650 today to get my stack to a nice round number. Going to concentrate on building omg up to 500 now. If Link dumps I'm buying another 15000.

>> No.8052344
File: 104 KB, 1114x753, 1517892284147.png [View same] [iqdb] [saucenao] [google]
8052344

>>8052143
I'm in the same situation. Idk what to do.

>> No.8052367

yep that would be the /biz thing to do

>> No.8052376

I bought 70k at 24 cents and felt like shit when it went down to 13. Just hold friend the light at the end of the tunnel is magnificent

>> No.8052405

>>8052194
NO CAPITALS, NO FUN!

>> No.8052407

there is 1 billion total supply and 350 million circulating supply.
Why do all you biztards think this is a good INVESTMENT.
yes, it's cool technology, but there is a lot of 'cool technology' out there in the cryptospace. That doesn't mean it's a good investment.

>> No.8052435

>>8052407
I thought eth was pretty cool technology at $7. Just saying.

>> No.8052593

>>8052407
since when did amount of coins/tokens matter?

>> No.8052627

>>8052593
the more of something there is, the less valuable it is. The less of something there is, the more valuable it is.
SIMPLE ECONOMICS

>> No.8052661

>>8052627
Which is priced in the token, you retarded brainlet nigger.

>> No.8052672

>>8052435
this

>> No.8052694

>>8052627
maybe relative to other tokens and coins, but it doesn't mean the fundamentals can make it moon harder than low circulating supply trash.
It's fucking 6x the all time low in USD.

>> No.8052725
File: 37 KB, 438x438, 1518199367568.jpg [View same] [iqdb] [saucenao] [google]
8052725

>>8052694
>can't
Also fuck marketcaps. Looking forward to the organic price discovery of LINK one day

>> No.8052789

I can't believe there are people who would sell this (or any similar product) before there is a working product launch. You'd have to be completely insane. And at a loss, no less. Amazing.

Like what series of events led you to investing in LINK? And a measly six percent drop is going to make you change your mind? Just kys.

>> No.8052808

it's a long term hold not a pump and dump shitcoin you moron
if you cant handle mild fluctuations buy ... actually I dont know what to buy then, tether?

>> No.8052849

>>8052627
Scarcity doesn't equate to value you fucking idiot.

>> No.8052976

>>8052314
damn boi youre gonn be rich af

>> No.8053050

>>8052849
link is at $0.67 right now....
bitcoin was at $0.67 once too...
You think link will ever be even nearly as high as bitcoin, even if they achieve all their goals?
FUCK NO
why?
Because link has 350 million fucking coins with a total supply of 1 billion.
Bitcoin has 16 million coins.
LESS COINS = MORE VALUE
MORE COINS= LESS VALUE
YOU FUCKING LINK BRAINLETS
Link will be lucky to ever reach $5.
THIS IS NOT A GOOD INVESTMENT AT ALL.
WAKE UP YOU DELUDED LINKTARDS

>> No.8053066

>>8053050
I can't believe people are this retarded and can figure out how to use a computer

>> No.8053090
File: 37 KB, 586x578, 1516560101545.png [View same] [iqdb] [saucenao] [google]
8053090

>>8052627
>capitalizes words
>thinks "simple economics" works in crypto
>is gay

>> No.8053100

>>8052143
wet noodle hands eh?

>> No.8053108

>>8053050
I AM YELLING NOW LISTEN TO WHAT I HAVE TO SAY IM NOT STUPID I SWEAR

>> No.8053150

>>8053050
links get mostly help by institutional customers for link node priority in the system brainlet. 350billionMC is all we need for $1000. if it get 1/1000th of the derivatives and bonds markets alone it could reach 1trillion mc

>> No.8053160

>>8053108
CRUISE CONTROL

>> No.8053199

>>8053150
plus that's just considering one possible use case

>> No.8053226
File: 175 KB, 1048x590, linkies.jpg [View same] [iqdb] [saucenao] [google]
8053226

>>8053066
>>8053090
>>8053108
He uses caps, therefore everything he said must not be true. Instead of coming up with an intelligent rebuttal let's just call him stupid.
gReAt CoUnTeR-ArGuMeNt LiNk TaRdiEs

>> No.8053228

You got memed, OP. Sorry to say. Link is an oldfag joke to get newfags to lose their money. Cut your losses asap and just get back into btc or eth.

>> No.8053279

>>8053226
>gReAt CoUnTeR-ArGuMeNt LiNk TaRdiEs
I don't debate brainlets. Also, dead meme.

>> No.8053280

>>8052143
you are such a fucking little faggot lmfao, down 6% and you're already bitching
yes, sell all your shit and buy a rope instead and use it to hang yourself you fucking massive pussy

>> No.8053304

>>8053199
yup insurance, legal, logistics, trade finance, analytics, government oversight, etc. etc.

>> No.8053314

>>8052143
I got 17k link, and I swing trade with 1k, comfiest hodl ever

>> No.8053317
File: 394 KB, 1432x707, 1215918591824.png [View same] [iqdb] [saucenao] [google]
8053317

>>8053050
>>8053226
Here are your (You)s, excellent bait
That being said, here's some obligatory logic to blow the fuck out of shitty FUD:
>muh marketcap
marketcap is fucking thin, smaller factor of fiat can pump the total marketcap, because BTC has never been subject to organic price discovery. Thus alts like LINK haven't seen the same influx of fiat even when comparing marketcaps in their respective parallel historical prices
pic related
>circulating supply
this is more of a factor for BTC, since its main use case is a fungible store of value
LINK's use-cases are so much broader, thus it could see a big influx of institutional money regardless of its price, as long as it contributes to saving costs, and increasing their bottomline

I can go further, if you're not trolling

>> No.8053344

>>8052314
Swap ICX for XMR/NEO and you're good anon

>> No.8053373

>>8053226
some have the time to reply to brainlets with detailed rebuttals. fortunately, that's not me, I just have enough time to get a good laugh or two. so, thanks for that.

>> No.8053458

>>8052143
yeah you should sell before you lose anymore

>> No.8053739

>>8052143
buy more to cut your cost average

>> No.8053793

>>8052143
You bought at the upper end of the usual swing magnitude of LINK during the last 2 weeks. No one forced you to make a stupid decision. LINK is one of the easiest coins to day trade yet there are always people who manage to buy the top instead of selling it. Its beyond me.

>> No.8053850

>>8053150
>1/1000th of the derivatives and bonds markets alone it could reach 1trillion mc
A better measure would be the transaction costs of derivative contracts, which LINK would be competing against.
As a new technology, as a rule of thumb, it should be at least 5-10x a better solution, in terms of time and cost-savings or security etc. So let's say a tenth of what goes into existing solutions goes into LINK.

https://www.math.nyu.edu/faculty/avellane/global_derivatives_market.pdf
>In Europe, total transaction costs for the exchange segment are €7.0 per €1 million notional amount traded. This is approximately eight times less expensive from the customer’s point of view than the OTC segment, where it costs €55 to trade a similar amount of notional (Exhibit 12).
>pg 31

So let's just say the annual transaction costs are say $5 trillion, if LINK can provide a 5x better solution, and capture 2% of transactions (would be $100 billion, and customers would only have to pay $20billion because LINK saves them 80% of the cost)
So we'd see $20billion annually flowing directly into the LINK network.
Couple that with the points I mentioned in >>8053317 and we could see it grow to $50-100 billlion with those conservative estimates I quoted.

I think that's a better way to look at it. But yea, that's just the one use case, like >>8053304 mentioned

>> No.8053929

Just a fyi, link bagholders are deludded and all price predictions are predicated upon unfounded theories of a best case scenario where chainlink dominates the entire smart contract field which will be FIERCELY competitive.

Have conservative expectations or prepare to be BTFO'd

>> No.8053984

>>8053929
I agree about conservative expectations, but it's not about "dominating the entire smart contract field." It's about dominating the oracle and connectivity problem for smart contract platforms, which is actually realistic.
So if LINK works, it's not that it will "dominate" the smart contract field; it will literally unlock its promise to the legacy world, and literally allow successful smart contract platforms and the entire crypto market to moon harder than it ever could without a solution like LINK.

>> No.8054214

>>8053050
>he fell for the market cap meme

>> No.8054259

>>8052143
I'm in for 7k got 11k links. Trying to get to 25k so I'll have $10,000,000 when link hits $400

>> No.8054308

>>8053984
>shitcoins see mass adoption for smart contracts
>all of them 1000x
>link is still $0.65

>> No.8054331

>>8053929
>dominates the entire smart contract field which will be FIERCELY competitive.
You obviously haven't read white paper. I'd quote it for you to respond to your idiocy but I no time. What you just said is in there you just have to go look and why they'll be 10 steps ahead. Good luck.

>> No.8054555
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8054555

>>8052627
even if you're trolling, you're still retarded

>> No.8054579

>>8053929
ah yes, FIERCE competition from a handful of pajeet vaporware projects like mobius,

>> No.8054587

>>8052143
nope

>> No.8054831

>>8053314
I have 5000 in the bank looking to get 1000 to swing trade with

>> No.8054864

>>8052143

Yes sell now

>> No.8054879
File: 389 KB, 818x944, BC6AA37A-B17D-40DA-B1E4-5A68BF0A4641.jpg [View same] [iqdb] [saucenao] [google]
8054879

>>8052143
LINK 1000 EOY

SAY IT WITH ME BOYS

WE MEME IT GO TO REDDET

SPREAD THE NEWS

IN OUR IMAGINATION

IT WILL COME TRUE

LAMBOS

CASH

MONEY

HOS

LINK

ITS OUR PATH

LINK

ITS OUR DESTINY

LINK

>> No.8054942

>>8052143
No.. why would you sell, especially now? Seems like you need to educate yourself on LINK.

>> No.8055245

>>8052143
>>8052143
OP my goal is 25k link no fap until 1 million. This is bigger than making it, this a movement to better yourself in the process as well. Welcome aboard.

>> No.8055568

you know what they say about link. if you don't like the price now, eoy $1000

>> No.8055898

>>8055245
Hmmm... nofap until 1 million. Das a bretty good idea mang

>> No.8055974

>>8055898
Wait actually that's a bad idea. Working to make a million dollars with the goal in mind that you get to rub one out if reach it is actually really pathetic when I think about it hahaha

>> No.8056005

>>8053793
what are some other easy coins to daytrade with? I've seen some guys here who claimed their strategy is simply picking a volatile coin and achieving a few % daily by swinging from dip to top by a single % a few times

>> No.8056094

>>8052143
you got dumped on
it costs next to nothing to hire a couple pajeets to shill and "get" some magic numbers by spamming
eventually, bagholders will do it for free

>> No.8056144
File: 550 KB, 888x1025, 1519449924613.png [View same] [iqdb] [saucenao] [google]
8056144

Just sold half of my LINK to buy more NANO

What are you fags going to do about it?

>> No.8056176

>>8053228
Give it a rest anon

>> No.8056216

>>8056144
Nothing, enjoy your centralized shitcoin. I'm happy for you :-)

>> No.8056274

>>8052789
This guy is right, it's time to quit trading OP

>> No.8056305

>>8052194
you

are

a

MANIAC

>> No.8056330

This coin and it’s shills are literally /r/the_donald tier.

>> No.8056719

>>8056330
Trump did become president you know

>> No.8056914
File: 1.76 MB, 219x186, 1519832876342.gif [View same] [iqdb] [saucenao] [google]
8056914

>>8056719
literally the reason i hold well over 100k Link.

>> No.8056950

Wish I had some cash right now to buy some more.

>> No.8056963

>>8056950
student loans senpai.

>> No.8056969

>>8056914
This

>> No.8056992

>>8056963
The American way

>> No.8057050

>>8056992
Realistically, what can this coin do this year?

I think a buck by the end of march is probably conservative.

>> No.8057127

>>8052194
the maniac actually did it

>> No.8057130

>>8057050
I’ll be cool with $10

>> No.8057207

>>8057130
Right.

Anon, while i would honestly love that to happen, I think that a more serious prediction would be around 1.5 cents.

I still don't see it breaking that by month's end.
Any reason you do?

>> No.8057230

>>8053850
There is no way the total cost of using Link with a Smart Contract can compete with that. Good luck

>> No.8057237

>>8056914
Explain. We'll be able to do business with Kim jung because of smart contracts?

>> No.8057276

>>8057207
It’s over 2 cents?

>> No.8057302

>>8055974
>>8055898
I think his point being that once you get there you wouldn't need to fap anymore because you have overcome it in the process of improving yourself. nicotine addict still quit 837 days

>> No.8057318
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8057318

>>8052143

>Should I cut my losses?

Yes!

>Sell at a loss
>Sell 13 days before SXSW
>Sell 60 days before main-net

You are almost a /biz veteran, the only trading move you are missing is fomoing again when link hits 5 dollars+ at the absolute top of the mainnet bullrun followed by selling at a loss when link stabalizes at 3.2 dollars only to fomoing yet again at the very top of link's second bullrun (of many), and repeating the same pattern until you lose all of your money and your only simple way out of poverty.

NIce!

>> No.8057339

>>8057318
stop helping them!

>> No.8057395

>>8057318
That hurts my feelings because that's how I've been day trading quite a bit of my LINK stack...

I know now to HODL... Or, I try to tell myself I know to hodl, truth is my hands are still shaky and weak, and I have troubles controlling my urge to day trade.

This year alone I've lost 10% of my LINK stack to trying to day trade shitcoins with the hopes of "buying more LINK with my day trading profits".

>> No.8057433

>>8057318
What year will the 5 dollar part be?

>> No.8057448

>>8056005
Huobi Token

>> No.8057452

>>8057433
Like 3 months max

>> No.8057487

>>8057452
Ok. Right. Got it. Thanks bro. Nice to get a straight answer around here for once.

>> No.8057535

can this shit hit $10 so I can be NEET for life

>> No.8057577
File: 726 KB, 1125x2436, 52F96886-0033-4C84-A443-9AA559CFD3F0.png [View same] [iqdb] [saucenao] [google]
8057577

>>8057535
I’m waiting on this with you bro, pic very related (but I’m 43 years old)

>> No.8057591

>tfw only 110 link and can't afford to accumulate more

i hate this i know i'm going to miss out i know it

i could never have to work at all

>> No.8057624

>>8057318

>mainnet 60 days

What

>> No.8057694

>>8057577
you suffer from adult onset down syndrome too huh

>> No.8057708

>>8057694
No. But probably early onset dementia. My dad had that. Was totally checked out by 73.

>> No.8057722

>>8057591
hey man, there will be other opportunities to make money.
At least you will make something from your stack, reinvest and don't stop climbing the ladder of life until you are satisfied with your view

>> No.8057735

>>8057722
That’s a really positive post dude

>> No.8057748

>>8057708
it's nice to have things to look forward to

>> No.8057772

>>8057748
Yup. No shit dude. No shit
:/

>> No.8057964

>>8052593
Since there are two thirds of the total supply waiting to be dumped onto the market
Linkies are so retarded

>> No.8058091
File: 38 KB, 477x600, jason-parser-chainlink.jpg [View same] [iqdb] [saucenao] [google]
8058091

Thanks /biz/ you guys are the reason I bought nano instead of link. You shilled so hard for cucklink and against nano it was an easy choice. It's a parser, that's all.

>> No.8058106

>>8052143
Get out, it's a shitcoin.

>> No.8058127

>>8052314
By build up, are you just day trading these or putting in more fiat?

>> No.8058309

Forced meme coin. The Millhouse of cryptos.

>> No.8058415

>>8052143
I thought I got memed, I bought at 30 cents, it went to 25, I sold. Then it Mooned. I bought back in at 60 cents and I'm never selling again

>> No.8058494

>>8056144

Buy your bags, cheers

>> No.8058623

>>8053226
Holy fuck this ghetto meme would always trigger me so hard when everyone used to post it

>> No.8058634

I'm scared guys, am I gonna wake up to 50 cents tomorrow?

Not selling though, never will

>> No.8058671

>>8053050
What supply and demand, what is metcalfe's law

>> No.8059027

>>8054879
$1000 is pure fucking retardation that I cannot even pretend to support even though I have 300k LINK

If only this meme was so damned delusional at set the price target at $100 I imagine myself and other anons would actually do this

demanding $1000 LINK is spitting in the in eye of the universe

although kek would be truly a chaos god to deliver

>> No.8059290
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8059290

>>8052143
https://www.youtube.com/watch?v=4hR4rDbJPM4

>> No.8059327
File: 36 KB, 690x450, Donald-Trump-Catholic-problem-690x450.jpg [View same] [iqdb] [saucenao] [google]
8059327

>>8059027
Spitting in the eye of the universe, you say?

>> No.8059356

>>8052143
WAAAAAA I BOUGHT AT ATH AND IT DIDNT GO UP TO 100000000 IN 1 DAY AAAAAAA
kys

>> No.8059389

>>8059027
$1000 would be a pathetic 350 billion mcap
SEC said crypto will reach 20 trillion total in 2020, what would 350 bilion of that be for a project like LINK?

>> No.8059783

>>8052143
it's a pajeet shilling scheme.

>> No.8060173

>>8053228
I was one of the oldfags who pooled for the ICO.

1. We don't own enough of the token to profit from shilling it on /biz/.
2. /biz/ isn't wealthy enough to even bother shilling to for quick pump and dump gains in the first place.

You're all trisomy 21 victims that overplay net worth of this place.

>> No.8060204
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8060204

https://www.youtube.com/watch?v=4hR4rDbJPM4

>> No.8060205

>>8060173
>pooled for the ICO
any information you'd like to share that we might not know?

>> No.8060227

>>8060204
sold

>> No.8060230

>>8058415
Nah you're gonna sell when it hits .30 again. Weak handed shit stain

>> No.8060251

>>8060205
How new are you. Genuinely asking

>> No.8060302

>>8060251
got into link after reading the whitepaper in october. even then, there was at least content and ideas in the link threads. now it's 1000 EOY and gets.

>> No.8060307

>>8059389

Stop I can only get so erect

>> No.8060322

>>8059389
20 trillion mcap is insanity...I think 5 trillion is more likely but I hope I am wrong.

>> No.8060502

>>8052143
OP have you seen the video of the screeching kid? yeah id say you got memed. also take note that these are the type of people you are posting all day with and asking for opinions. this place is full of darkness and people with major issues. people here are not smart people. highly dysfunctional human beings. sell you link for xmr and just leave crypto for good. best advice i can give you. take care.

>> No.8060615

>>8060302
True but I’m sure you’re up to speed on everything

>> No.8060651
File: 734 KB, 1082x695, 1518032170163.png [View same] [iqdb] [saucenao] [google]
8060651

>>8060615
I guess there's nothing to do but wait

>> No.8060652

Wait, you pajeet faggots are still shilling LINK???

HAHAHAHAHAHAHAHAHAHAHAHAHA

I haven't been to biz since September 2017 (been on /pol/), and everyone back thsn knew it was clearly just a Rajeet shitcoin. I cant believe there are newfags here who unironically think this is a real coin. Laughing so hard right now. Thanks for the keks biz.

Lurkers, don't let the Autists fool you.

>> No.8060783

>>8060230
Never selling again, I'm riding this fucker to the moon or to the grave

>> No.8060858

>>8060652
Etherscan ;)

>> No.8060937
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8060937

>>8060652

Go back to pol you fucking pathetic loser

>> No.8060957

>>8060652

shut the fuck up i'm sending you a keylogger

>> No.8060963

>>8060937
its new fud pasta

>> No.8061479

I am a normal and well acclimated person without autism who has a good life, has fucked about 50 girls, and has had a wonder girlfriend for the past year who I plan on staying with until I die...and I hold a lot of link. Dont lose hope or buy into the fud. Or fuck it, buy into the fud, I don't care. Don't panic

>> No.8061556

>>8061479
Thank you. good to know. At least there's 1 normal person here. I bet most people here are like the kid in the video.

>> No.8062185
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8062185

>>8060937

>> No.8062509

>>8054879
i unironically believe

>> No.8062527

>>8056144
That's funny, I just did the opposite

also

>buying nano high

>> No.8062546

$0.66. Same price as January 2nd. You idiots fill this board with a coin that never moons

>> No.8062703

>>8061479
unprecedented.

>> No.8062903

>>8052344
Getting rich from zero in just a second is called gambling. You should rather take this like a investment. Just look at the anons who bought bitcoin five years ago. This is your future. The money will come, just hold.