/biz/ - Business & Finance

link is shit

because it's literally dumping right now. target: 6800 sats

>>11708123
logic

>>11708123
too intelligent to buy the top
waiting for sub 1k sats

>>11708123
7900 is the new bottom and I refuse to buy in that high

>>11708549
Lmao

Smart contracts is kill. No use for kitties in bizness.

The shills can stop for now. Vol is drying up.

>>11708596
price going up on low volume = bearish

>>11708549
>it is only going up from here and I refuse to capitalise on those guaranteed gains
Kek

>>11708123
because i'm still learning about stocks and crypto and don't want to waste all my savings because some idiot on an image board told me to buy currency with no practical value

>>11708638
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>11708638
>currency
lol

Guys, help a crypto noob. I have 20k USD to invest

I already have 10 ETH, 20 XMR, 0,35 BTC, 10000 XRP.. now looking something which will be TOP 10 in the future like those.

10000 LINK and 2 million HOT a good plan?

>>11708866
that's actually all 100% solid choices anon, may the bulls run in your favour. I wish I had that much to put into it right now and leave for a year or two

>>11708123
Well, the answer is quite obvious:

This is going to be one of the hardest dumps on main-net and the project will basically fail because people will never use it for anything other than to PnD, which will completely fuck the tokenomics and make the whole thing useless. Sergey will realize this and just disappear along with the rest of the team. SWIFT and co will realize this, and begin to quietly remove any references they have to this embarrassing experiment which - who knows, might have succeeded if it wasn't for the retards who infest this place and run painfully obvious shill and fud campaigns. Many of you will experience the kind of hopium crash which actually kills people, and I suppose suicide is a fitting reward for some of the more smug retards who clutter up this board, but I hope it isn't all of you.

There will be no more memes, no more dreams of lambos or whatever NPC tier 'rich person's car' you've picked out in your imagination as you're left in the dirt holding a bunch of link bags. Even a fraction of the money some of you invested in link could have helped you make it during the next bull-run in a legitimate project. Imagine that. THAT is what you should be visualizing. Not your stupid fucking holiday home, not your imaginary future "faithful" gf / wife, nor an early retirement where you don't need to toil away at menial tasks for your betters from inside your 9-5 existential prison cell - you should instead be visualizing yourself scraping together what little money you have left in the wake of your devastation to try and ride something like BAT or Holo up, and your dream of MILLIONS OF DOLLARS suddenly becomes a much more realistic 100k-200k at most. I mean it's not bad - more than you intellectual runts probably deserve. You'll all see I was right. I always am.

>>11708516
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison

>>11708899
Thanks!

>>11709156
No problem, I too hold XRP, XMR, ETH and some HOT. We're gonna make it anon

>>11708638
>currency

>>11708638
you will never make it

>>11708123
to poor to get enough

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 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? 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 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.