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/biz/ - Business & Finance

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9473677 No.9473677 [Reply] [Original]

I have a question regarding chainlink's volume.
Why the volume decreased from about 10 million to only 2 million in less than a week?
If the boys were turned off then why? Any other explanation?
As always please ignore tripfags and don't let them derail the thread.

>> No.9473686

>>9473677
Bots* kek

>> No.9473708

>caring about volume in crypto

90% of the whole crypto volume are bots doing the same trades back and foward

>> No.9473779

>>9473708
I'll keep holding but it's interesting.
What would be the reason of the 80% volume drop on less than a week?
I know bots probably are the reason, but why turn them off?

>> No.9473844

>>9473677
it's a simple but relevant observation.

shows how much of a fledgling market this still is. like has been said, bots would be the likely explanation.

hard to say why they stopped. could be as simple as market makers taking a break.

>> No.9473879

>>9473844
Ok, let's abide by Occam's Razor and assume that market makers took a break. But I don't think everything is that simple, there could be an ulterior reason.

>> No.9473900

>>9473677
Its because they are slowly running out of LINK to trade

>> No.9474096

>>9473900
You think it's holders that don't want to sell their stack?
That would make sense but it would drop the volume over the course of a long time, not only a week.

>> No.9474107
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9474107

clearly the answer is some kind of sophisticated whale game in order to accumulate more of this God token that is destined for $1000 EoY minimum.

>> No.9474163

>>9474096
Not quite. Link was a good coin for bots to trade back and forth but as time goes on more and more real buyers are just hodling and not letting it go. More profitable to have them farming others at the moment.

>> No.9474180

>>9474163
So what I'm trying to say is that bots aren't having their parameters met for sell volume, so the owners see this and will switch it to others for the moment. Been happening with link and about a dozen other coins for a while now.

>> No.9474269

>>9474180
Lots of hodling. Those accumulating are about done, I know I am.

>> No.9474305
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9474305

>>9474269

roughly 60% of /biz/ isn't finished accumulating

>> No.9474345

>>9474269
How much do you accumulate? I have 2k but with all the fud around not sure if I want to accumulate more.

>> No.9474400
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9474400

>>9474345
I have 127k no joke. And that’s half my portfolio. I figure it’s go big or go home and even if it only lives up to a fraction of the hype I’ll still make bank. Though I’m holding out for the 1k EOY meme

>> No.9474407

>>9474345
Do the math yourself based on what you think the price of Link could possibly be, what “making it” means to you, and what sort of financial risk you’re willing/able to take. It’s totally subjective.

>> No.9474473

>>9474345
I truly believe that decentralized oracles are the missing link for mainstream adoption for smart contracts. If you don't have trustlees integration end-to-end there's no reason to use smart contracts.
I'm trying to accumulate as much as I can because I believe in the project and in smart contracts in general.
The reason why I believe in the project is because it open a whole lot of general use cases instead of tokens that have a single use case (decentralized supply chain, decentralized internet browsing, etc.), chainlink can generalize all of those uses and more by the use of API's which are the backbone of the internet.

>> No.9474606

>>9474345

i've got 62k, done accumulating

you really need to understand that the fud is put out there by bag holders who are themselves trying to accumulate at cheap prices. dig deeper because most of the more outlandish speculation about chainlink is actually true but dressed up as a memes

>> No.9474708

>>9473779
you turn them off if your'e finished accumulating or expect the price to go up significantly and don't want to miss it

>> No.9474791
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9474791

>>9474400
You're the based anon who donated to squirrelbro when he unfortunately lost his 50k stack or whatever it was. Amirite?.

>> No.9474825
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9474825

>>9474791
Well hello sir

>> No.9474842

>>9474791
If link $1000 ever I will send squirrelbro 1000 linkies. Saved his address.

>> No.9474865

>>9474842
LINK will literally never be $1,000. Screencap this. $100 even would be a fucking miracle. $1,000 LINK makes every intolerable piece of shit on 4chan a multi millionaire. Think about that as a reality.

>> No.9474897

crypto market dying bro. sad

>> No.9474926

>>9474865
that would be a perfect world

>> No.9474983

>>9474926
this

>> No.9474993

>>9474865
>people i dont like cant get rich
oh boy what a ride you are in for

>> No.9474994

>>9474926
remember you cohabit a website with pedophiles

>> No.9475001
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9475001

>>9474825
Man my 6th sense is on form today kek. I was the other 200 donation. Good to see you. I'm sure squirrelbro would fall off his seat. Deal, I will also send him 1000 if and when it happens, I just hope he's not sipping a cuppa joe when he sees it.

>> No.9475048
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9475048

>>9475001
>>9474825
>>9474842
Sorry on small screen, just realised it was a 3rd generous anon who speaks of helping squirrelbro. Good on you. And good to see you all. Karma will repay you all with link prosperity.

Tl:Dr squirrelbro accidently took 50k link out of circulation when a squirrel ate his paper keys. A couple of anons helped him find his link feet again.

>> No.9475058

>>9474994
Your point being

>> No.9475072

>>9475058
that rich people cant be pedos or that pedos cant be rich.
ignore him, he sounds very VERY new to this website.

>> No.9475079

>>9475048
Tfw there's a squirrel shit worth 50 million dollars in someone's backyard

>> No.9475081

>>9475072
Figures lol. I can’t wait to hear in a few years from the victims of Jared from subway. I bet he fucked up some boys for life

>> No.9475085

Exchanges make fake volume to try and increase their popularity. Check out this research on it:
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e

>> No.9475086
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9475086

>>9475058
I knew I would get this response, my point being, not all of us gonna make it

>> No.9475090

>>9474994

>implying reddit and youtube aren't chock full of pedophiles

>> No.9475107

>>9475079
Kek. I'd have been out with the air rifle pinging squirrels all week long to try recover those keys...

>> No.9475151

>>9473677
Pump and dump probably. Can't wait for the SEC to fuck up the faggots who keep cocking up cryptomarkets

>> No.9475161

>>9475086
there arent that many LINK wallets, and many will be owned by one person etc. /biz isnt as popular as you think. if it does hit a big number i.e. over $100, it'll be a select few of us going to the thailand meetup in jan 2019.

>> No.9475190

>>9475086
duh, you fat retard
half this board hates link, the other half hold it
odds are 50/50 at this point, make it or seppuku, asshole.

>> No.9475192

>>9475161
also think about how many will take i.e. 50k $ in profits and dash or fomo back in later.

>> No.9475214

>>9473677
Because the volume decreased from about 10 million to only 2 million in less than a week.There may have been some market making involved, it may be bot shanenigans, it happened, do with that what you will.

>> No.9475216

>>9475161
I'm down for that

>> No.9475223

>>9475090
Don't worry, he'll find the elsagate videos oneday.

>> No.9475239

>>9473677
It's because ChainLink is a scam. It's copying a similar project which was created years ago that no one ever used because decentralized oracles are useless in practice:
https://github.com/orisi/orisi

>> No.9475287

>>9475192
>also think about how many will take i.e. 50k $ in profits and dash or fomo back in later.
exactly. and it's precisely this that drives the price to astronomical levels. the rest of 2018 is gonna be fun.

>> No.9475314

>>9475086
You must be an oracle

>> No.9475322
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9475322

>>9475001
Man that’s a real combo of impressive and small world. At first I thought you may have been the only other person I know from real life that posts here (who also knows this story). I love that Sergey in the car meme so if you see that it’s a high probability it’s me. Good to be Linked up with you fellas again

>> No.9475330

>>9473879
Market makers tethered up or are in bitcoin, we gonna move

>> No.9475345

>>9475161
Only 20k link wallets fren.
Considering only 10% or so are true believers and have iron hands, there are only 2k people that will reap the dividends of patience.
Not even hard to believe 2k iron hand holders all can become millionaires because it's not easy to hold when there's that much fud and most people don't have the patience and guts to do it.

>> No.9475358

>>9475345
So you think the fud is real or just people saying it to keep the price down?

>> No.9475359

>>9475345
I will be one of the 2k. My tenacity and willpower are how I have succeeded in most of my goals and this will be no different.

>> No.9475410

>>9475359
Well said. This will separate the men from the boys.

>> No.9475497

>>9475345
i'm not even sure i've got the hands to hold, but i'm definitely a "true believer" in LINK so fingers crossed.

if the price does rise as a singularity though i.e.10% increase per day for 2 months or so, that should make it a lot easier.

>> No.9475524

>>9475358
I have only seen a few legit fud posts which depend on crypto falling as a whole instead of just chainlink.
I think people are just fudding to get cheaper prices.
I'm gonna make some calculations to show you that fud in biz really affects the price.
The market cap of Link is:
350 million link x 0.5 dollars = $175 million
Real money invested in crypto is inflated by around a factor of 30x.
Top 500 holders (true believers) own 90% of all supply which means there are only around 100 million link tokens.
The rest of the 19,500 wallets hold in average 111.11 dollars in link.
If you fud link on biz, which is where the majority of holders of link are, chances are that some people are gonna sell and given that most tokens are already out of circulation you'll be able to suppress the price if only a bit.

>> No.9475630

>>9474926
>>9474983
we'll all meet up in our lambos as I'm sure most of us don't have many friends

>> No.9476122

>>9475322
On the move again pal. Wall of death Sergey is incredible. I saved it last time you posted it. I will keep an eye out. Also liking the Arnie Nazarov: saved. Keep an eye out for this sergey and it'll likely be me. >>9475001

>> No.9476197
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9476197

>>9475358
every link holder fud's the project to accumulate
if you believe otherwise you are either a newfag or a total brainlet
we all know what is comming

>> No.9476232

>>9474400
Well 00 doesn't seem like makeing it™ dubs.

>> No.9476242
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9476242

>>9475410
heh