/biz/ - Business & Finance

It's very likely that the price of link is manipulated by institutions, as well as any discussion of link on boards like this. Many anons have commented on the inorganic nature of the fud here, how these people who 'claim' to have sold their link at $20 in 2018 still spend their time caring about the financial wellbeing of other anonymous users. These users cannot post screencaps of sell orders funnily enough.

Link was never meant for retail. The fud campaigns and the coincidental bitcoin dumps make that abundantly clear. Link was an industry token to be used as the backbone for the smartcontract industry i.e. for the 700 trillion dollar derivatives market. In financial contracts where enormous sums are at stake trust assurances and trust minimising technology is highly valuable. And it's LEGACY BANKS which need this, not the retail investor who in all likelihood will never interact with or even hear of derivatives in his life. The last thing banks or institutions want is retail buying up the tokens for themselves, increasing the price at which the banks can buy it. So of course they are gonna pay jeets to fud the token. They already manipulated public sentiment when it came to the occupy wall street movement by substituting it with CRT and lgbtq among the proles. The banks and corporations own the media, manipulating public sentiment is their bread and butter.