/biz/ - Business & Finance

>>20312889
great question

>There are only about 2k people holding over 1k LINK
This is wrong. There are like 15k wallets with over 1k link. But then again there are 18 millionaires in the united states alone. There simply arent enough links for everybody, and 1k will be extremely expensive very soon.

>>20312889
But I have bought in at $8
All my 31 linkies were bought today
Too bad I'm rubbish poor but $1000 EOY2018 the get said

Got on the train late but secured my 1000 suicide stack feeling nice and comfy relaxing to some Aretha Franklin while sippin' some scotch. Gonna have arm candy on both arms when I step on the Yacht to celebrate our new found riches. It will be glorious beyond anything I could possibly imagine.

Bought in at $2 but didn't buy enough
Should I just buy $300 worth every check or am i too late?

I have £200 to put in but for the last 24 hours i've been waiting for the price to drop but it's getting out of control. Still worth waiting right?

>>20313043
Its game over for you
Im just kidding fren its not too late yet

>>20312889
It's litteraly just a fucking jasper parson, institution will just copy it

>>20313061
Price won't drop until you buy in

>>20312889
Because the supply is extremely centralised, and that's a red flag for me.
Because having a token is a friction, and frictions are eventually removed in engineering.
Because "it is chain agnostic" but that is like TODO, nothing exists yet.
Because a literal confirmed whore is in the team.
Because it has pumped like crazy and it is extremely overvalued considering no one actually uses and there is no staking and is a shit token.

1. I’ve only been in crypto since summer of 2018.
2. I’ve only been on 4chan for two months... therefore I did not really know a lot about link.
3. Got burned on shitcoins so I consolidated into mostly BTC and ETH.

>>20313008
You're gonna die on the bomb yacht, newfag

I have dozens of wallets holding links. Each of them has less than 1k link.

I just do not like put all the money in one account.

>>20313125
Token is the main reason it will work

>>20312971
never said a year, newfag

>>20313061
welcome to /biz/ newfriend
our motto is:
BUY HIGH
SELL LOW
THAT'S A MAN

>>20312953
No, there are 18 MILLION millionaires in the US. Holy shit this board is dumb.

Because I have to much pride

I'm not in because it's a centralized Oracle network requiring KYC to setup nodes, and with most of the supply held by the founders. 2 people..

This is the most overvalued project right now, unlike Blocknet which does everything LINK does, but better.

Not gonna shill it, because no one here gives a shit.

>>20312889
> this is an extremely undervalued asset
How is it an asset? What is a smart contract and what does chainlink do that some other crypto can’t copy or even do better with some time ?

>>20312889
Because you get TA Swingy dumb cunts that only look %, charts, Twitter hype instead of underlying use case value.

Roulette players that won a few times that think they can beat the house for non-life changing profits

Ypu also have scared financially conservative cunys that only have BTC and ETH because they're established but missed out on bull runs and are happy with 2-3x's

Also Reddit midwits who think it's a Nazi frog scam

>>20313522
He obviously didnt really mean to say only 18 if you can read context midwit

Because devs own 2/3rd of the coins with someone whose known for pumping and leaving projects, exit scam waiting to happen

>>20312889
I will buy back into link once I've pulled out my x50 with ampl

>>20313061
Just get some, fellow UK-anon.

>>20312889
because it will drop 50% - it always does.

>>20313125
who is the whore and why anon?

>>20313780
does it always moon to 8 dollars in a week? We're in uncharted territory

>>20313780
Until it doesn't.

Im not in yet cause its at the highest price its ever been. You dont buy high, that's the rule.

>>20313043
You should follow the ABC strategy: Always Buy Link.

It goes like this:
Link at 0.3 dollars? Buy.
Link at 1 dollar? Buy.
Link at 3 dollars? Buy.
Link at 4 dollars? Buy.
Link at 8 dollars? Buy.
Link at 10 dollars? Buy.
Link at 15 dollars? Buy.
Link at 20 dollars? Buy.
Link at 30 dollars? Buy.
Link at 50 dollars? Buy.
Link at 100 dollars? Buy.
Link at 150 dollars? Buy.
Link at 200 dollars? Buy.
Link at 300 dollars? Buy.
Link at 500 dollars? Buy.
Link at 800 dollars? Buy.
Link at 1,000 dollars? Buy.
Link at 2,000 dollars? Buy.

I guarantee it cannot possibly fail, ever. You will make money if you hold.

>>20313849
I got called retarded by /biz/ for buying ATH at $4.50. Now I'll be lucky if I ever see $4.50 again so I can buy more, because there are so many people like you in cash or shitcoins waiting for a drop to buy into LINK. Just buy. You'll probably lose money over 2-3 days but after a week you'll be in profit and won't have to stress that it might keep mooning.

because link is a shitcoin and i buy real project

Anyone here use Twitter? Because there's suddenly been a massive surge in seethe and sour grapes over the past few days. Big accounts that had previously been posting TA on link and swinging to increase stacks were all short after the run up to $6.50 and although they won't admit it I'm assuming they got rekt. As it turns out we were right all along: buy and hold link was the best play all along. I imagine the butthurt is only going to get worse over the next few weeks/months.

>>20313987
Please post a link or something.

>>20313994
https://twitter.com/SmugAndFree28/status/1282610407396511745?s=19
https://twitter.com/craigbenjamin22/status/1282397853512617986?s=19
Don't get me wrong, I've got nothing against these guys, but there's been a shift in sentiment. Also see things like this:
https://twitter.com/CryptoCharles__/status/1282567230291492865?s=19

>>20313333
Checked.

>>20313125
you're mistaken, the LINK token is needed as the performance of nodes and the network needs to be directly correlated with it's value. If it was priced in ETH, if the network shat its pants, ETH wouldn't tank - this creates perverse incetives.

A stablecoin would not encourage running a node and again, there would be no network loss for bad actors.

All the conversion from fiat to LINK for payments will be done on the back end and obfuscated away.

You have sound arguments but you didn't research your own FUD very well and you're missing out on a huge opportunity every minute

t. 171k bag holder and millionaire thanks to LINK,

>>20312889
my portfolio is 50% link and 50% link3d to earn even more link through link3d.io honestly never been more comfy

The top 100 holders collectively own 83.05% tokens of ChainLink
Tokens total supply: 1,000,409,187 | Holders: 162,570

>>20314351
>t. 171k bag holder and millionaire thanks to LINK,
You're not millionaire until you sell fren

https://coinpost.jp/?p=129521

Lol they japanese are buying link thinking its related to the popular messaging app line. That explains the insane pump on no news.

>>20312889
I honestly don't know where to put in 10k... coinbase only allows 1k and is crazy fees...

What's best site/app to buy them?

>>20314554
Not related

I'm only holding 250 and didn't buy more out of spite and refused to look into the project until 4 dollars or so because linkies were and still continue to be the most obnoxious shit posters. But I was gonna finish getting to a suicide stack and now I don't know when to buy more so fuck. My hubris.

Bought before the pump, sold at peak, waiting for it to drop
There is no way it's going to increase a lot soon. For now it can only decrease slowly or crash

Is this the link anthem?

https://youtu.be/yHLtE1wFeRQ

>>20313134
you can't post yet

>>20312889
Am I am brainlet for still waiting for a huge financial downturn? The biggest economy in the world is still getting wrecked by COVID 19 and the fed just keeps pumping money to cover it up. I don't know as much about about markets as I would like, but a correction has to happen soon, right?

>>20312889
A few reasons:

-65% of tokens non circulating
-it has been pumped to the moon already. I would buy sub-$2 I’m not buying a fucking top

And most importantly
-Smart contract oracles are too advanced of a use case for crypto right now at a production level. It’s a nice idea but many years off. We can’t even scale transfers yet. So this pump is the same as all the former ones: way too early and based upon very little. The oracle tech market could change enormously in the years leading up to it being important.

I missed LINK, should have bought at $0.25, but I’m not being baited into buying a top.

Had to sell it all to pay off debt. Feel like it's too late now, would only be able to buy 75 now, used to have 900. Better odds trying to 2x or 5x another coin

>>20313675
No, he probably did.

>>20312889
>2k people holding over 1k link
wallet 1000 has 33k in it. they're already a quarter millionaire. no way those people are holding last $20, it's going to be life changing money for most of them.

>>20314766
binance

>>20315352
Buy rope.

>>20313119
Exactamundo. Instigations will just copy it

>>20317183
We don’t sell at life changin money. Link marines sell at wife changing sum.
See you all on 1000 eoy yacht party

>>20312889
I'm all in on XSN, masternodes and staking. This is why I own 0 LINK.

>>20312889
I’ve been telling my work friend to buy since 30 cents, I finally convinced him at like 3.00, but he couldn’t get his wife’s permission to invest, true story.

>>20317911
>Link marines sell at wife changing sum.
Deep

It would be a be a brainlet move to buy right now because the price will probably retrace. I'm gonna buy back in when it reaches $5 again

>>20317978
Damn hes going to miss out on a lot. Women should never be consulted for finances.

>>20313125
>hi I I’m a basedboy that just got here from r/cryptocurrency

>>20313559
>no one anywhere gives a shit
ftfy

>>20312889
OK I GET IT , I WILL BUY LINK. HAPPY NOW? JUST STOP SPAMMING.

Because the conference yesterday revealed to the world the fat Russian that runs this scam. Price has already tanked 10%. Once it breaks through the $5 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $2.5 mark, unabated FEAR will ripe through all LINKies. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing binance. The $0.50 mark will be met, the largest panic in history will ensue. The final stinky Nodes will begin to go offline, and wagecuckers with their engineering salaries loaded up in LINK will be left with it stuck in their wallet, unable to move it to binance to salvage some self respect. The price WILL tank at this point to sub $0.5, and most probably sub ICO levels. From that day forward the stinky Linkie wagecucking engineering nerds who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Stinky Linkies will hold bags FOREVER, with no job, no money, and no crypto. I warned you LINKies. There’s still time to get out. Sell NOW. Don’t be stinky, don’t be a LINKie.

>>20318045
The fucked up thing is she spends money on furniture and shit without consulting him, which he bitches about, but he won’t invest in something unless he can “convince” her, SAD.

>>20316982
anons been saying this since LINK was $.50 and they will still be saying it when it’s at $50. oh well I guess not everyone can make it. F

>>20313849
So then buy at $25 after it crashes down from $50 in a month from now.

>>20317183
35k marine here. didn’t read never selling. you’ll have to pry my ledger from my cold dead hands.

>>20317978
A fag like that doesn't deserve to have any link.

Waiting for $1 over here

Getting rich already with BTC/ETH and refuse to get into this ridiculous shill party.

>>20318495
There is no BTC/ETH! There is only ETH/BTC

Invest in Eth for this reason.

I don’t feel like being wagecucked by a CIA operative who started this flame meme.

>>20312889
I hope you don't actually believe this. It won't revolutionize anything, crypto isn't meant to revolutionize anything except for new ways of getting rich quick.
>this is an extremely undervalued asset
Fucking LOL, it serves no purpose. You can't do shit with it.
>b-but muh stocks!
Stocks give you shares of a company. Owning LINK means nothing.

Congrats on making it, but get real.

Can someone just tell me:

If you do not trust the source data and the source data provider, why does feeding it to a middleman make it more secure?

>>20319014
I guess because it’s less likely for a decentralized consortium of people to collectively lie to you than it is for one person to lie to you.

What I don’t get is why LINKers think people specifically WANT pooled data feeds. Parties often specify very clearly the source of their data BECAUSE they trust that source.

Including other data providers actually muddies the water if you want a particular source.

>>20312889
it went to 0 to binance, theres gonna be more chances to buy in under $1

>>20313008
A suicide stack was always 300k

>>20312889

The real "chainlink" is better.

https://www.ergoforum.org/t/oracle-pools-a-new-oracle-model/263

>>20313043
If one day, you'd just went, "meh" and spent $300 on BTC when it was $7.73 would you be ok with that today?
Do it.

>>20317952
Anon, i'm not 100% sure xsn isn't a pnd scheme, i won't put all my bags on one moonshot.
The only big project looking so good as Link rn is ADA. Others are riskier overall.

>inb4 muh (((Goldman Sachs)))

>>20312889
It’s overpriced and doesn’t do anything. There are several oracle projects by real developers.

>>20312889
>only about 2K people holding over 1K
Is this true?

Because linkies say that this will eliminate the middlemen in terms of these smart contract transactions, not acknowledging that link will then be the middleman. Smart contracts are essentially lines of code, as long as coding/software progresses, link will have tough competition.

Because if transactions via these smart contracts are instantaneous, then the price of the coin is agnostic - it doesn't matter if the coin is 10 cents or 1000 dollars. More coins will be leveraged if price is low, less if high.

For over a decade, crypto has never had a use case besides as a store of value/speculative investment. No mass adoption (use as a cryptocurrency is actually decreasing). This could change of course but it's very interesting nonetheless.

>>20318049
>basedboy
im a boomer what does based boy mean

>>20319611
Look at the wallets yourself. Then factor in that multiple people may have multiple bigger wallets and exchange wallets and you get your number. I'm a 30k linklet myself and my wallet is close to being in the top 1000.

>>20319860
go back

lol it’s already tanking. If you have link, and didn’t sell at $8 yesterday, you’re done

>>20319961
>lol it’s already tanking. If you have link, and didn’t sell at X yesterday, you’re done
I've read this so many times at this point that it's laughable.

>>20312889
cause FUD makes it seem like a pump and dump, copy paste json parser, etc . Weak hands ngmi. You have to know it's an undervalued asset, but most can't even read the whitepaper

I have $3k to put in in link. Should I buy now or wait for a dip to like $5

>>20319423
XSN is the future, not memeing

tfw bought at 20 cents but only have 600 link

>>20312889
>To everyone on this board NOT holding LINK: Why?

it's literally a jewish middle man that doesn't need to exist. business reconciliation on bad contracts still need to happen in a court of law as this coin cannot fundamentally fix the trust boundary between computationally expensive math, vs the real world and the data therein.

>>20312889
token not needed. owner printed 350 million for himself. bye

Bought 340k in ICO sold in dec 2017 never bought back in because of the cult here. Yes im kicking myself but hodling for 3 years isnt that easy either

>>20319141
it also adds a delusional level of trust, in numbers, that shouldn't exist since all the oracle providers could effectively be copy-catting others or using the exact same data.