/biz/ - Business & Finance

21.6.2020 = 216

We have astrology on our side, we will make it

This marks the turning point:

>>19653366

216

216

216

>>19656515
>should be the ''saviour'
should be the wisers*
sorry I am belgian

>>19656515
A lot of Link keeps leaving exchanges, probably in anticipation of staking.
There is less Link to be traded and price predictions are high, some say 8 dollars some say 200 some say 1000+ so people dont want to sell but keep buying every dip.
Basically People are now starting to figure out what we knew almost 3 years ago.

up

>>19656515
It was announced last week that Chainlink is a founding member of a token standards alliance with Microsoft, IBM, Nasdaq, etc.

So everyone ran for the hills, obviously.

>>19656515

>no one wants to buy at these prices
correct

smart people wouldn't touch this scam with a 100 feet pole

bagholding idiots are in denial and hodl

>>19656515
Nobody is selling. Look at the exchange outflow and if you’re Autistic enough go through the Top 1000 wallets one by one and see for yourself. Like the other anon said, probably the market as a whole starting to recognize what we recognized 3 years ago. Pays to be early.

>>19657036
How much money did you miss out on by not investing?

>>19657060
>Nobody is selling
eh but there is no buy pressure why?

>>19657104

How about no one wants to buy a peaked scam at the absolute top?

>>19657104
See >>19657007

>>19656926
Thanks
what if covid 2th wave and economy collapse?
wouldn't Link go down with economy like it did in March?
Basically this economy bump is fake and can't last long.. at the first signs of a bear event it gonna dump hard

>>19657036
>>19657129
>it's another "Pajeet getting paid 2 rupees per use of the word scam" episode

>>19657129
>How about no one wants to buy a peaked scam at the absolute top?
This doesn't make sense anon because if it was a scam whales would have dumped it especially after thi last pump.. but if whales don't sell it means it found a floor here......

>>19657203

lol, nigger, I am well-educated chad who t know the meaning of words and tend to call things by its proper names lmao

>link is tied to btc, which is tied to artificially pumped stonks
>no one wants to buy link because they know the price will fall once stonks go down
>no one wants to sell because people who hold link have always been aiming for a higher price

>>19657255
Try typing that again without the vindaloo slick on your keyboard.

>>19656515
I'm still buying a little bit of it regularly, I think I'm addicted

>>19656515
In an economy where so much money is printed, nobody wants to hold on to cash.
Stonks will rise further, about 30% at least, over the coming 2 months.

>>19656515
>Also no one wants to buy at these prices
Then why is the price going down you dipshit

>>19657319
>>link is tied to btc, which is tied to artificially pumped stonks
yes this is true
>>19657319
>>no one wants to buy link because they know the price will fall once stonks go down
will they go down in the near future? When and why?
>>19657319
>>no one wants to sell because people who hold link have always been aiming for a higher price
plausible

>>19657319
>>link is tied to btc, which is tied to artificially pumped stonks
btc pumped before stocks by the way

>>19657404
>Stonks will rise further, about 30% at least, over the coming 2 months
why? rising based on what?

>>19656515
>Strathvale House, 90 North Church Street, George Town, KY1-1102, Grand Cayman, Cayman Islands

>>19657635
SATS value retard.

>>19657635
>>Also no one wants to buy at these prices
>Then why is the price going down you dipshit

Maybe because there is NO new money to buy it and only oldfags are left at the top aiming for higher prices

I am scared of another dump down by the way and of the fact that I didn't sold.
Is there any chainLin event in the next months?

>>19656515
because shitcoins are always low volume scams made worse by broken economics that encourage liquidity crises.

Staking will make it even worse.

>>19658824

>>19656515
Bots turned off

I am getting Req vibes, bros

>>19659422
thank you bra
you saved me
I was going to sell scared about economy downturn

>>19659614
>Bots turned off
does it mean accoomulation finished?

Why would I want to buy an ERC20 token that is priced like one with its own blockchain?

>>19657129
I agree

>>19660666
No, this is more impacted by the stock market. Stonks go down, people need to sell their crypto to cover their margin positions in the stock market.

>>19657104
I would guess that we are talking about traditional investors. Those people see more opportunities to buy discounted traditional stocks right now during a time when the economy will likely surge. It’s also an election year. Once the elections are over, the market stabilizes, and traditional stocks no longer seem “discounted” this will be a better opportunity for normies.

>>19657129
this

>>19660666
Yes, they could only suppress price up until staking, at which point demand would overwhelm the bots resulting in them being left on the outside with no pinkies as the rocket ship takes off. The Bots being turned off is the best indication yet that staking is right around the corner

>>19660884
how would staking increase demand? what purpose would an outsider want to get in and rent seeked by retards already holding? and staked coins are basically off the market so who can buy/transact anything to begin with?

>>19656515
Because it's right near the highs it hasn't broke through yet, people are fearful there but still sitting on some gains from buying the rally.

Plus stonk markets hitting new highs based on nobody fucking knows what, a lot of new retail gambling, and just dipped today. could be set up for another crash, could keep going. things are neutral as fuck

>>19660921
Node operators will need to stake sufficient collateral to secure the contracts. If we do in fact end up with trillions of dollars in Derivatives secured by chain link, the operators will have to buy up the link required for the contracts. This will drive up the cost of link

>>19660921
Network usage, can’t use the network without LINK

>>19660998
Yes, you got it, and the fact that most LINK will be staked means supply gets cut, demand should increase with network usage causing price to go up.

>>19661011
ok and? I can create my own instead and not be renk seeked by stinky linkies and serGAY. you really aren't selling me on this shit. It's not like Chainlink is apple and has a mass appeal cult going.

>>19661101
You wanted an answer I gave it to you retard, i don’t care if you buy LINK.

>>19661241
and the answer doesn't address my question. What value am I buying when all I see is rent seeking retarded neets and sergAy's scammer and co?

No one is going to use this but clowns like you.

>>19661269
You had three years retard.

>>19656926
I understand that if price is stagnant and volume is low, that means people do not want to sell; however, it also means people do not want to buy correct?

>>19661351
what does that mean clown? that I wasn't clown enough to evade a likely scam? I had a whole decade or more to also get on bitcoin. same could probably be returned back at you. does it make the investment into bitcoin any more sane now, than it was then? I'd argue no. Maybe you children should learn this very important reality of life.

Hindsight is 20/20.
Not everything is a sure fire bet and many of them fail.
You only get the insane joke ones rubbed into your face.

I will not be FOMO'd by weak fag shit like "You had three years to get on my PnD scam retard, hurr." Either prove value or fuck off.

>>19661269
Stop shitting on the street.

It's dumping you delusional retards

>>19661401
The basic principle is that high volume indicates resistance to the direction. If price is going up and it's high volume it means many are willing to sell. Consider that the price could climb at the same rate with lower volume meaning by the assumption that buyers hesitation at buying for higher prices would be the same in both scenarios making the volume an indication only of how many are willing to sell. The same assumption can be made analogically to say that high volume downtrend indicates people willing so buy.

Low volume price stability? My guess is that at this price there aren't many waiting to sell at an expected higher price but rather more waiting to buy until it's dropped more.

I have 0 confidence in my guess tho.

>>19661501
>prove value
have you thought much about markets and investment?

>crashes
>this is bullish

>>19660718
I mean why chinks turned bots off?

>>19660816
>election year
election year = stonks up?

>>19660963
>lot of new retail gambling
Weren't people broke by coronavirus crisis?
They gamble on stocks?
This pump is fake

>>19661501
Please try to suppress your retardedness.

Because no one gives a shit about crypto let alone chainlink lol. Everything is linked to Bitcoin and even that is pumped and dumped by whales regularly and completely valued off of speculation. Traditional investors follow the money and traditional bankers will never invest in crypto as currency...they'll just create their own blockchains as they are currently doing.

THAT'S WHY to every single question you'll have now and in the future.