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/biz/ - Business & Finance


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9942115 No.9942115 [Reply] [Original]

Serious question, memes aside, why is link tanking? I don't have any link but of course I follow it because of you guys and now I just noticed that BAT is almost 1000 sats above the link price. Even XLM is about 400 sats higher than link. What's going on? Link used to always be way higher than these two and many other coins.

Did some news come out or something? I really hope link does well just so you guys make it.

>> No.9942125

No volume. The only people selling are desperate for money. The number of link tokens that have been bought and then held, without moving, is enormous.

>> No.9942135

>>9942125
Exactly, falling volume and falling price is bullish but this has been the same for other assets like BAT and XLM but for some reason link has missed out on this last rally and they are now being leapfrogged. Why?

>> No.9942212

because it's trash that only biz got shilled into. literally no-one else gives a fuck about it.

>> No.9942408

>>9942135
>falling volume and falling price is bullish
KYS retard. If most people were really buying and holding, then the buy volume would be so much higher than the sell volume that the price would go way up until it reached an equilibrium. The price is as low as it is because more people are dumping their bags than people are buying because they need to get this scam off their hands.

>> No.9942414

>>9942115
its supply model is broken
the 2-men team collected 35 million during the ICO while they are still holding 30% of the total supply

>> No.9942445

>>9942414
>russian philosophy major

>> No.9942510
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9942510

>>9942408
Scam? You think this guy just moved his company into the union bank building in the financial district of san Francisco, literally some of the most expensive real estate on the planet, to scam /biz/ ? Are you seriously this fucking stupid?

>> No.9942530

>>9942510
theyre using that ICO money for the lease, they are set for life

>> No.9942597

>>9942408
dude "falling price and falling volume" is bullish. ask any technical trader or look at any textbook.

>> No.9942605

>>9942510
I mean, that would be the perfect scam move

>> No.9942762

>>9942605
But to what ends?