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/biz/ - Business & Finance


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11762838 No.11762838 [Reply] [Original]

I'm a fucking brainlet but can you explain to me why chainlink is so cheap?
Also what are the reasons people are willing to spend money on this compared to other investments?

>> No.11762845

They spend money to donate to Sergey’s shirt collection

>> No.11762848

>>11762838
Why buy something that's not mooning?

>> No.11762849

>>11762838
Why would we explain it to you if you’re a brainlet? You wouldn’t understand. Just get. Suicide insurance stack of 1000 tokens and fuck off.

>> No.11762858

>>11762838
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>> No.11762869

It's not cheap. It might be undervalued. People spend money here because they think it's undervalued. The fud helps it keep a relatively low profile, the team does little to cause hype. Either you see it or you don't. Put $5k in just for peace of mind and move on to whatever catches your eye.

>> No.11762906
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11762906

>>11762858
the best one of all of them imo
that one pasta about being in this together is good too tho

>> No.11762925
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11762925

>>11762848
>why buy something when it's cheap instead of buying high and selling low