/biz/ - Business & Finance

You sipped the koolaid a bit too much

Chainlink bull run price prediction thread. I will start with a conservative

>$150

Hyperbull

>$400

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Sadness

I just capitulated and sold my 15000 stack. been holding since 2017, not going to watch this bleed to $4.

Fellow stinkies, are any of you in any way nervous about staking?
When I moved my links to my cold wallet, my heart was pounding the whole time, and I was terrified I'd lose them.
While the prospect of staking is extremely tempting, I'd be so afraid of the node failing, or my links being lost or transferred incorrectly.
Am I just being overdramatic?

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: Companies won't actually go through the hassle of trusting their data API's 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? 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 high 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 ETH hit. Happy gambling though anons

why did we stop going up? i scooped up 200 of these thanks to Reddit when it was 9.25 but it seems like its out of gas

https://chain.link/
https://github.com/smartcontractkit/chainlink

Is this garbage or is this the future ?

>multiple anons tried to warn you against buying
>they told you that investing in a coin because of memes and circlejerking would have landed you in DBC hell
>but you fell for it, and now your money is going to spend the rest of its life in .50c limbo
I'm sorry lads. You tried to tell me it was a scam but I didn't listen.

made 2.5k here

anybody else sell Link and take profit?

So, I'm sure we'll all make it eventually, but when?
When are our linkies going to actually be super stinky, at least $5-10$ a piece?

>scrapes 10k
>massive sell walls
>falls to 9.5k
>sell walls disappear
>goes back to 9.8k
>massive sell walls

SwingLinkers will burn for this.

There are 2000 coins out there, all with their own quirks and purposes.

What makes this coin so special? /biz/ has shilled other coins before, like NEO, VeChain, DGB, DBC, Stellar etc. and none of them turned out to be 'financial revolutions'

OH NO NO NO HAHAHAHAHAHAAHAHAHA

YOU GUYS ACTUALLY BELIEVED THIS WOULD MAKE YOU RICH AHAHAHAAHAAHA

IT WAS A MEME? THIS WHOLE TIME?!

GIVE ME BACK MY MONEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEYYYYYYYYYYYYYYYYYYYYYYYYYYY

What's the most realistic scenario where we are wrong?