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/biz/ - Business & Finance

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20372977 No.20372977 [Reply] [Original]

Why is it unable to stay above $8.00?

>> No.20372985
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20372985

>>20372977
Chinese pnd

>> No.20373002

>>20372977
psychological barrier, it will break through tomorrow and make $8 the new support

>> No.20373016

im thinking of buying more

somebody stop me

>> No.20373023

>>20373016
you want to buy more? buy more. LINK is going to be changing hands at a higher level than it is now regardless.

>> No.20373035

Because it doesn't solve the oracle problem. The only purpose of the token is so Sergey can dump on you and expand his empire of McDonald's franchises. this latest pump was orchestrated by the Russian mafia. Sergey is a ruthless capitalist and he wants to seize on opportunities in the fast food market during the coronavirus. I suggest you sell now.

>> No.20373078

>>20373023
buying at 8 sure feels fucking bad tho

>> No.20373086

>>20373035
Rock n roll mcdonalds

>> No.20373146

>>20372977
Because it's due to drop shortly

>> No.20373168

>>20373146
Ohnonono. How much?

>> No.20373180

>>20373078
are you fucking serious? it is going to be trading at $10 by the end of the week.

>> No.20373189

>>20373035
DR;NS

>> No.20373358

>>20373168
0.03 region

>> No.20373373

>>20373078
>>20373168
If you want an honest answer, it will not drop. The TA fags are seeing a cup and handle pattern and double tops. So it will pump and remove those take profit limit orders and blast through it. It won’t be the poorfags on 4chan who would do it though, it will be the market makers who chase liquidity and liquidity is sitting at $8.50-10. So a wick will touch $10 most definitely and then they will dump to mitigate the buy orders.

>> No.20373668

>>20373373
THIS!!! SO MUCH THIS. It will unironically break ATH one more time where you can sell your stack and then buy back in after a 20% pullback.

>> No.20374024

>>20372977
a month ago everyone was frustrated about the inability to stay over 4. Patience, grasshopper

>> No.20374424

>>20373086
based.

>> No.20374435
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20374435

>>20374024
Unironically we about to skyrocket boys

>> No.20374537
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20374537

>>20372977
SERGEY BETRAY

>> No.20374540

>>20373373
>TA on the hourly chart

>> No.20374549

>>20372977
Cup and handle forming

>> No.20374561

>>20373078
You won't say that when it hangs around $10.

>> No.20374605

Because its overpriced. Think about its real world application, its needed by certain obscure technology sure but right now the price is pure speculation.

>> No.20374656

>>20372977
Wick to $8.50 last night.
Going through it $10 in the next couple days then $20, $25, $1032.12, and $81,000

>> No.20374755

>>20374656
Take your meds

>> No.20374764

>>20373078
The way I deal with this is with any reasonable project/coin. It will quite often nearly always dump on you to some extent at least temporarily, before moving here higher in the medium to long term. Very rarely do I buy in and only make big profit

>> No.20374816

>>20372977
>"Hey guys, this is a secure network of decentralised oracles, powered by the token LINK (tm). It cannot fail"*
>*owns +60% of the siupply, and the stability of the tokenomics is at the hand of 2 dudes
Somehow the above is compatible with corporation trusting the whole thing, because the thing is "trustless". What a clown world.

>> No.20375009

Bump