/biz/ - Business & Finance

Say it with me faggot.

1000 EOY

>>14312179
i've calculated this on my supercomputer and chances are about 0.00000001% with an error margin of 5%.

>>14312179

1000$ is realistic, even probable. Get the hell out with your 10 bucks.

>>14312225
What's the point of link having such a high value if its purpose is utility? It's not meant to be money. Who is going to stake nodes when they can just sell for 1000$ a pop instead?

I have 5k link would I rather get 5 million dollars and live off interest never working a day in my life or run some node that will require me to work and probably give me less money?

>>14312179
$10 is a shoe in to be frank.
Prices upwards of $50 seems very probable. $100-$200 seems somewhat likely but nearing the point of improbable. Anything above $300 feels like deluded hopium but you never truly know in these markets.

>>14312436
25 is the absolute top

>>14312254
>what are decimals.

>>14312179
if smart contracts take off and go mainstream sky's the limit for link.

>>14312468
Decimals aren't the point. Why would I stake when I can earn millions by selling? If the value is too high, there's no reason to stake only reason to sell. But for the price to be that high, people must be willing to buy it. Who is going to buy it at 1000 USD per link? And if it is 1000 USD per link, who is going to stake when they could sell?

I'm not fudding, I literally do not understand how it could get that high when you consider those two factors. I have 5k link and I'm holding, I'm genuinely asking a question.

This is what they want you to do. Remember you aren’t supposed to own link but Sergey had to make it decentralized. Fortune 500s and the elite will be glad to get your Link at $1000

>>14312581
>Fortune 500s and the elite will be glad to get your Link at $1000
Why aren't they buying it now for 2$ instead?

It is a real fucking scam. I can't believe how many anons ignored this for so long and only now are going to confuse themselves to learn its a scam. you should be in on this meme and know the purpose of this meme by now anon.

>>14312524

why do people buy dividend stocks that yield %5?
think man

>>14312592
they dont even know its coming, with the exception of the first movers (google salesforce oracle etc) the companies that move first and with the most velocity are the ones who will make the most gains. like anything else, early mover advantage

of course lets not forget the late mover advantage but good luck disrupting the most useful technological innovation in human history.

T. Economist, employed by the worlds most profitable software company.

T.(pss). 100k Link Holder

>>14312592
They don't want to be associated with nazi incels. Soon, however, they will not be able to ignore the profit-increasing potential of blockchain agnostic smart contract middleware.

>>14312524
>Decimals aren't the point.
Yes they are.
Very few people will become rich off Chainlink mooning to $1,000; everyone else who simply needs oracles/smart contracts will pay nodes $0.00001 or whatever for an oracle computation.

>>14312662
>they dont even know its coming, with the exception of the first movers (google salesforce oracle etc)
Why aren't the first movers buying it up en masse then to deny it to everyone else? They can easily afford to buy the shit out of link right now.

>>14312179
Where can I buy Link I only use eToro

>>14312670

It's basically a scam by 4chan to dump on unknowing redditors. They have no shame shilling their shitcoin scam to everyone they meet or see. Not to mention the one guy running the shitcoin is a fat scammer based in cayman islands with racist views so no wonder 4chan likes it so much.

>>14312718
>will pay nodes $0.00001
Meant 0.00001 Link

i can't trust any of you. i'm leaving it up to fate. if digits or green id, i buy link

>>14312797
Wellllllll

>>14312179
No and not at all.

No one knows for sure what will happen but here’s why I think chainlink has a good chance to turn out to be huge.

Think about where you work and how much of your company’s time and energy is spent on dopey paperwork. Supplier was supposed to send so many widgets and someone needs to check. Where is that fucking package we were expecting? Someone check the contract because we thought the customer ordered X and now they are saying they want Y. Lots of this happens because companies don’t completely trust each other. So they each keep their own records. Sounds obvious, right. Of course you keep all those records.

But what if there were a system that you both trusted that would keep track of everything. Think of all the paperwork that gets eliminated and how much more smoothly things run.

That thing is called a smart contract. But up to now, they have been very limited because there is no way to VERIFY anything on a blockchain. We can’t tell if the shipment actually arrived, or that the temperature stayed below freezing for the whole cross-country trip, or whether the payment went through.

Chainlink solves that problem. And it solves it by an approach that is one we’ve already seen that works — decentralization. Bitcoin decentralizes agents, called miners, that verify transaction. Ethereum extends that to more complicated transactions, i.e. programmable smart contracts. But again, the problem is, as of yet, there is no way to VERIFY data inputs to an ethereum smart contract. Chainlink solves that problem with a set of decentralized nodes that verify the data is correct. If it works, it will be huge. Will it work? I don’t know. Hard to predict the future. It was not inevitable that google or amazon would succeed or that ask Jeeves or pets.com would fail. But this one looks like a winner to me.

>>14312662
Lmao no chance. These conglomerates won’t be pumping the bags of these neets. Sergey will be gifting them those tokens for free

>>14312592

Lmao. You’re using too much logic. The brai let pajeets here dine on Sirgay’s cum. Don’t expect too much from them

>>14312662
>T. Economist, employed by the worlds most profitable software company.

Going to assume for the moment that you are not larping. Curious to know what you are hearing about enterprise interest in smart contracts.

I’ve seen multiple reports that certain industries, e.g. derivatives, securities (for settlement) international shipping see the benefits. I’ve also seen reports that lots of companies are fomoing in but lots of this seems pretty vague “we need a blockchain strategy” similar to “we need an internet strategy” was 20 years ago.

But curious what you are hearing about serious interest among Fortune 500 or Wiltshire 5000 or whatever.

>>14312524
>Who is going to buy it at 1000 USD per link?
People who can make more than $1000 using that LINK. If at this point you don't get that LINK is a B2B product, then I don't know what to say. The target audience of LINK could care less if it costs $1000 or $100000, if they can save money over time then it's merely a sunk cost.

>>14312858
So how the hell does the network know if the fucking package stayed frozen the whole time?

>>14312254
>What's the point of link having such a high value if its purpose is utility?
The absolute state of crypto everyone

>>14312254
You'd make more "money" with running a node. Since you have no idea what LINK is about, you should go ahead and market sell instead.

>>14312747
This is perfect pasta to spread on reddit. Thank you anon.

>>14313276
>You'd make more "money" with running a node.
If link is selling for 1000 USD a link you would not make more money from running a node, don't be absurd. Link's price only matters so long as it covers the collateral. Link can work just fine at being valued at 1$ as it can at being valued at 1000$. If you think link will hit 1000$ and then just stay there forever, you're out of your mind. It could be worth 1000$ one month, 4000$ the next month, and then be fore 50$ months later. If I had 5k link why would I gamble on staking when the value could plumet next month? I could just sell and get 5 million dollars.

The people who will stake are the people who came late. People who bought early when link was 30 cents or 2 dollars and held to 1000 USD will not be stakers.

>>14313194
>So how the hell does the network know if the fucking package stayed frozen the whole time?

It’s called cold chain monitoring and it uses IoT sensors.
https://www.ledgerinsights.com/blockchain-pharma-supply-chain-temperature/
https://www.chainbusinessinsights.com/insights-blog/blockchain-and-iot-hot-technologies-in-the-cold-chain

>>14312869
Fortune 500s are notoriously wasteful and are unlikely to give any fucks about tying up $$$ in an asset class that can be cashed out of for profit and which allows them to opt out of paying for human labour. They aren't going to scream "ERMAGERD!!one!!11!! me cunt stand 100s of people make money when I save money - me not gunna save money hurr hurr durr."

Corporations do not have human sensibilities to upset and are accountable to their shareholders for showing any when it comes to improving their bottom lines.

>>14313326
lmao no, you have no idea. but thanks for pretending you do, I chuckled.

>>14313326
>>14313527
I mean he makes a point. If you haven't been around to experience crypto market cycles then maybe you won't realize the insane valuation some of these assets reach under speculation. There is a point in selling off what you think is overbought, and if you plan on running a node (99% of /biz/ autists will not) then buy back in at a lower price.

You should never have a price point in your head where you think, "Ah! Now is the top and I will sell 100% of it!" but instead find price points along the way where you sell of 10-15% of your stack.

>>14313326
You should read more about LINK. It's the only suggestion I will make. No spoonfeeding.

>>14313527
He doesnt get it

>>14313326
Running a node is not something every neet can do on his cum-stained computer. Again: you are not the target audience. You will never run a node, and if you do, where will you get the data? Can you guarantee 100% uptime? What if you internet slows down when you mom livestream her gangbang?
You are not the audience. You're just along for the ride, and at least you are wise enought to understand that you should cash out then live comfortably for the rest of your days.

>>14313753

Tell me your target prize sirs

>>14313753
>You are not the audience.
Then why is link even on an exchange then to begin with? If random people buying link on exchanges aren't the target audience, then why put it in an exchange at all?

>>14313593
>>14313527
Ahh, so you think link will hit 1000 USD and then the price will only ever go up and never go down. It's not like Sergey is sitting on 3 billion extra links that aren't on an exchange right now and could potentially fuck the price of link at any time he wants.

You are the one who doesn't get it. The price of link is irrelevant. The only thing relevant is that the current price of link meets the collateral for the smart contract. Link can do its job at 1$ just as well as it can do it at 1000$, or 3000$. If you think someone sitting on a stack of 10k link is going to stake rather than sell when the price hits at 10,000 you are delusional.

>>14312254

Link has to be valuable enough to guarantee the contracts it will power. If its not valuable enough, what will happen is huge amounts of that low-value LINK will be required as collateral for big contracts (think derivatives). When all that link gets locked up it will become quite scarce and the value will go up. As more of the derivatives market uses LINK, it will become very scarce. More use= more staking = less LINK in circulation = high demand and high price

>>14313952
I have no idea desu. Why indeed? Who knows. The fact of the matter is, if - IF - link actually works, it will complete the holy trinity of decentralisation. Decentralized storage (BTC), decentralized software (ETH), decentralized data feeds (LINK).

>It's not like Sergey is sitting on 3 billion extra links
two possibilities: he could exit scam like a fat russian fuck, or he could give those linkies to the first nodes - which, again, won't be your average neet, but data providers. One thing is for sure: if any big company decide to use LINK, they sure as hell won't buy them from binance.

>>14314055
It sounds like that could cause the price to wildly swing. How does LINK work if at the start of the contract link's value meets the collateral but then the value of link goes down making it no longer cover, or goes up?

>>14314107
>One thing is for sure: if any big company decide to use LINK, they sure as hell won't buy them from binance.
Yes I agree with that, which is why I don't understand why link is on exchanges at all to begin with. Everything about link makes sense and seems like an amazing idea except for the part where its on exchanges. That part seems fishy given link's purpose.

>>14312452
$25 is the absolute top at the height of the season. The actual top value of LINK is probably $15.

Be realistics guys, it will never reach $30.
Google implementation and it reachs $2 for few hours.
How can it go to $5 or 20 or 30.

>>14314107

Oh anon, you are so fresh.
you forgot to mention the most important decentralization of all, has yet to happen.

can you guess what it is?
can you figure it out?

>>14312452
>>14314156
>>14314158
you guys have no idea how crazy is bull season.
link being in the top 13 is almost a x4 from here, so almost 7. And this is a bear prediction.

>>14314237
link only did a 5x during the last bull run it's basically topped out right now

>>14314139
It doesnt matter

The higher the price of link the more secure the network becomes. If the validators risk exponentially more by giving false data they have more insentive to not fuck up.
This doesnt mean it becomes ridiculously expensive to validate everything though; through oracles they can just adjust the cost of a validation to 0.0001 link or whatever to match the current outside price of 1$, 1€, 1£, whatever it is that it costs. So using oracles to determine the current $ equivalent of link you can make the cost in link using a validator pretty much stable to whatever amount you want it to be.

So even if link goes to lets say a trillion usd this would only ensure the node owners are VERY motivated to not fuck up their shit and with that making the network more secure without increasing the costs of actually using the network and making it possible to conduct extremely valuable transfers through it.

The entire concept is fucking genious much like ethereum and smart contracts in and of itself.

Also check the amazon news.

>>14313952
You must be new. Otherwise you would know how LINK made it to binance.
Good luck to you, whatever decision you 'll make in the end.

>>14314158
LINK currently only fetches Eth price data. Anything else is speculation. I know fuck all about the top 100 crypto projects. Imagine how a lot of people think about LINK with all the fuding on /cc

>>14314229
No idea, but lots of guesses. Give breadcrumbs fren. What should I look into?

>>14312179
So the plan is to ride the bull season and create as much FOMO under newbies and try to time the top before another 2 year bear market in which we accumulate for the final singularity?

>>14314139
>binance is only major exchange to list chainlink
>binance never asked for chainlink team's permission to list it, they have confirmed this
>most coins pay ~$100k to get listed
idk anon, why do you think Binance would list it for FREE when they knew LINK team wouldn't allow it? why wouldn't LINK team want it listed? use your brain fren. or don't and you'll somehow be rich anyway

>>14314445
How can binance list it without sergey giving it to them? You make it sound like the mere act of listing the coin suddenly gave binance a supply to sell.

>>14314483
Tf you mean supply to sell? They bought it MAYBE to provide liquidity.
Or people just deposited there and traded because its the biggest fucking exchange. They dont need a teams permission to list anything

>>14314514
>. They dont need a teams permission to list anything
No but in most cases (every case but CL?) the team PAID a listing fee to Binance (same with Bittrex, and, ugh, Cryptopia).

Seems like CL did not do that.

I wish I knew more about the story behind that. Have been following this story since the early 2000s (or since December 2017) and still haven’t been able to get a straight answer on this.

>>14312179

It's more realistic to hit $1000 then it is to go back to $1

>>14314646
Correction incoming. Take heed.

>>14312592
Cuz we're not selling bitch

>>14314646
>It's more realistic to hit $1000 then it is to go back to $1

I’m surprised to say it but I actually, unironically believe this to be true.

We’ve now had Google, Oracle and Amazon devs all write/present about how they are interested in Chainlink. That is a pretty big deal.

>>14314707
Chainlink isnt even anywhere near the media attention phase. It just barely got mentioned in a few articles here and there.

>>14314584
You are 100% right thats exactly what happened, and used to happen before any exchange got "big". You don't charge projects listing fees if you are a literally who exchange. Logically speaking you just list shit and hope people come trade on your platform. Some base liquidity is required when you are just starting out though.

For some reason binance decided to list CL without asking the team. Does it mean anything? Meh. They probably saw it had potential/the ico was hyped here and there and just decided to list it. Just like the link/usd pairings: link has seen major activity on biz during the past two years so it makes sense to list usd pairs as volume=profit. >>14314768
Now 1k I dont know about that but like I said >>14314280
The higher the price of link the better from a security pov. High price of link doesn't mean it becomes ridiculously expensive to use, which is part of the genius of this way to solve the oracle problem. The more you read about link and think about it the more it makes sense, unlike very many other projects. Smart contracts in and of themselves are a revolutionary technology. The problem was always how the fuck do you let them interact with real world things and changes? The solution chainlink provides is one of a kind and they have a gigantic first mover advantage even if other projects decide to copycat them.

The only realistic fud would be if you could somehow code something to pick up on these changes and interact with the blockchain/smartcontract directly without the need of oracles but this would require something like fusing quantum entanglement within a blockchain. If it is even possible the technology required is decades+++away. Until then this is the best solution by far.

>>14312179
Google, Amazon and SWIFT confirmed!!!! Microsoft very likely, Facebook probably nah but let's see.

>>14312179
Guess what fucker, were long past suckers rally.. bear trap coming up

>>14313194
There literally wasnt a way for blockchain to reliably pull that data in...until LINK aka The Final Solution.

If you mean practically "how", every temperature sensitive truck shipment in the US has a digital recorder already, that can get uploaded and emailed or just viewed on an lcd screen. Doesnt take that much to throw in a wifi chip and have it upload live data/upload at reciever's warehouse. Then LINK brings that information from the outside world into a format that smart contracts can use on a blockchain network.

>>14314898
>Chainlink isnt even anywhere near the media attention phase.
* every other link thread *
> Spamming screenshots of google and aws employees tweeting about it. Complaining about normies and reddit fags jumping on board.

Linktards are the most split of any coin holders.

>>14314963
>Amazon
When was amazon on board? I thought this was still speculation?

>>14315270
Media attention is named on what boomers call mainstream media. Having threads on some obscure mongolian basketweaving forum doesn't constitute to media attention.

if reddit fags were jumping on boards en masse you'd see it reflected in the spam on their cuckreddits. I've just let that cancerous site search for the keyword "chainlink" and if you were to do the same you'd see every thread made there is downvoted and fudded to the max to keep them away for as long as possible. I understand why neets do it beacuse they believe that link is honestly a cornerpiece of the fourth industrial evolution. Obviously if they fud it too long and too hard the project might fail just because of that. We've seen the effects of fakenews in the real world; its ridiculously effective due to the average person just accepting shit being spoonfed to them.

>>14312187
Im about to fomo in so hard. Im making a mistake ain't i anons....