/biz/ - Business & Finance

>>12313043
I know a lot of you guys are unironically virgins, but please trust me when I say it feels a thousand times better to fuck a soft chubby woman over a skinny boney one. It's like fucking a fleshy pillow, slam as hard as you want and it's still comfy.

fucked someone's gf last night.

FUCK moralfags and FUCK normies, shit felt good.

https://twitter.com/BitmexWhale/status/1050192825726439425

1.) Your main coin.
2.) What you think the coin's real world function will be in two years. What do you see it doing that affects people in the real world in meaningful ways?

There's almost 2,000 coins listed on Coinmarketcap, with more added every day. I don't want you to shill me your shit or tell me what you think speculation will do to it's price. Just give me your short thesis on what makes your coin NOT just another shitcoin in an ocean of shitcoins.

It's just... Chainlink? Worth a lot of money? I don't think so...

>>10624657
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data APIs through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

I don't think Chainlink will be worth very much.

It's been confirmed time and time again by people on the team, that it takes no LINK to run a node, so the idea that 'most LINK will be locked up in nodes' is not true. If anything it'll be the opposite, with LINK constantly hitting the market as node operators get payout.

So it seems safe to say that the total supply will actually be pretty similar to the circulating supply. Even throwing LINKies a bone and saying circulating supply is 750 million, that means to reach just $10 it would need a market cap of 7.5 billion dollars, aka a x75 of value. Generous growth in any market, impossible in a bear market. $100? 75 BILLION DOLLARS. The same currently as ETH, XRP, BCASH, and EOS put together.

As for $1000 EOY? Now that is the saddest story of all. Conjured up by little LINK corporals that want to be multi millionaires, and little Linklets that want to be any kind of millionaire. There's no other reason to dream of such a ludicrous price that only a handful of coins could even reach during the greatest crypto bullrun of our times, let alone one with such a huge supply. The only coin I've named with a similar supply to LINK is EOS, which barely broke $20 at it's peak. Enough for the whales of /biz/ to turn a nice profit (assuming even that happens), but gives just scraps for all the Linklets they've deluded along the way. If you aren't following the math by now, it's a 750 billion marketcap by the way. Just shy of a trillion dollars by itself, not even including the rest of the crypto market. Worth almost as much as Apple... Jesus christ this would be sad if it weren't so FUNNY

>>10524917
It's been confirmed time and time again by people on the team, that it takes no LINK to run a node, so the idea that 'most LINK will be locked up in nodes' is not true. If anything it'll be the opposite, with LINK constantly hitting the market as node operators get payout.

So it seems safe to say that the total supply will actually be pretty similar to the circulating supply. Even throwing LINKies a bone and saying circulating supply is 750 million, that means to reach just $10 it would need a market cap of 7.5 billion dollars, aka a x75 of value. Generous growth in any market, impossible in a bear market. $100? 75 BILLION DOLLARS. The same currently as ETH, XRP, BCASH, and EOS put together.

As for $1000 EOY? Now that is the saddest story of all. Conjured up by little LINK corporals that want to be multi millionaires, and little Linklets that want to be any kind of millionaire. There's no other reason to dream of such a ludicrous price that only a handful of coins could even reach during the greatest crypto bullrun of our times, let alone one with such a huge supply. The only coin I've named with a similar supply to LINK is EOS, which barely broke $20 at it's peak. Enough for the whales of /biz/ to turn a nice profit (assuming even that happens), but gives just scraps for all the Linklets they've deluded along the way. If you aren't following the math by now, it's a 750 billion marketcap by the way. Just shy of a trillion dollars by itself, not even including the rest of the crypto market. Worth almost as much as Apple... Jesus christ this would be sad if it weren't so FUNNY

>>9360785
this. they have the typical engineer mentality and vision which doesn't allow them to see beyond their own nose. but you're listening to them so you probably can't understand what I mean anyway.

aw it's ok op, OMG sucks anyway. you should just sell. there's much better gains elsewhere.

kinda late there bro

>>9321392

you idiots need to calm down. BTC needs to do this and go sideways for some time to reset rsi for the actual bull run

>>9311842
correct

I don't think Chainlink will be worth very much.

Disbelief. This was a sucker’s rally.

>>9086071
>1 million invested
>7% average etf return, compound interest
>4% safe withdrawal rate = 40k a year, 15% tax rate
Now 1 million isn't my make it goal, I'd feel more comfortable with 3, but as long as you don't think "im rich i can buy a mansion and a lambo now" you can have a comfortable work-free life. That's not even talking about being a third world or rural anon where that 40k would go way further.

Furthermore I think Chainlink will be worth very little in the years to come.

>Q3 2018
>Sergey waddles out onto a stage
>thousands of sweaty, eager stinkies watch on their shoddy livestreams
>"So as you've probably guessed, I'm here to announce the launch of the mainnet"
>audible gasps from mother's basements across the globe, mainly in india
>LINK shoots up 100% in a stunning moon, reaches $1
>"There's been a LOT of speculation about partnerships we've been working on behind the scenes, ever since the ico"
>Stinky linkies lean in closely to their monitors, the moment they've been waiting for
>20 threads a minute are created on /biz/. swift? bank of america? equifax? apple? tesla? the entire dow jones? nobody is sure
>"And today, I'm just here to confirm: We do have strong relationships with our partners, Request Network, Jibrel Network, and TRON. It's amazing working with these guys. Oh all those businesses on our slide cards were hypothetical, obviously"
>deluded Linkers sit in a stunned, betrayed silence
>their hands are frozen, unable to sell as all the redditors who listened to /biz/ memes furiously sell all their LINK as rapidly as possible
>the value of link nosedives on all exchanges too rapidly for even the bots to keep up with
>as the price approaches zero, the weight of the linkies bags reach cosmic densities
>they are dragged down into the inner molten rock of the earth, to suffer and burn for their delusions and blasphemies

Imagine being one of the scared anons at this moment. They actually believe this dip is real and are dumping alts.

They will fuel our meteoric rise over the next couple of months by fomoing in high.
Remember to take profits in fiat/btc when the euphoria comes back.

https://theicojournal.com/source-barclays-commissions-cryptocurrency-trading-desk-reaching-out-to-hedge-funds-institutional-investors/

http://goldman.qz.com

>>8824648
The beauty of LINK is that everyone who holds it with patience is going to make it, just on a different timescale. Let's just say 5m is everyone's goal.

Those with 100ks of LINK, obviously, they'll be beyond set for life when it hits a measly $50. But if you are a 10ker, you just need to wait for $500. 1ker, $5,000 dollars. Can it go that high? Yes, just not all at once. Think of what coins like BTC have been able to achieve without being a cornerstone of an emerging market as game changing as smart contracts. It's always better to have to more LINK which is why we are always fudding and accumulating. Some people want more value when they do cash out, others just want to hit their goal sooner without having to wait several years.

The information is out there. The price is low. The time is now. We're all going to make it. The sun is rising.

>7k holding

GIVE ME YOUR OOOO'S ANONS