/biz/ - Business & Finance

60k link staked. ama

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Yeah I made it all up, I'm just bored and it's fun making all of you angry kek.

>What is the Chainlink Problem?
Quite simply an incredible painful bag holding experience. Most chainlink holders are stuck in 6-7 figure hell with LINK being their biggest holding.
Most stinkers are well aware that link is heavily suppressed
>While BTC pumps ALTS dump but LINK will dump the hardest.
>While BTC dumps ALTS will either dump or dramatically pump as money flees BTC, LINK on the other hand will dump.
>Crab market moves in Chainlink MAY pump but will generally dump.
The short answer to all these questions is Whale / bot games. Exchanges that hold the highest amount of link will be arb'd to hell and back to scrape as much link from private dolphin sized wallets.
A common occurrence over the last 3 years has been whenever Link gets ready to make a big play or break out of critical support lines BTC will instantly be dumped or major CEXs (Binance/Coinbase Pro) will cease trading for maintenance periods.
>But why does this happen? Sounds like COPE.
Great question I'm not sure but I know that chain-link is criminally undervalued and it should have been a 3 figure coin prior to the release of OCR.

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