[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 104 KB, 680x356, J_4pnrhe.png [View same] [iqdb] [saucenao] [google]
22251575 No.22251575 [Reply] [Original]

And will continue to do so until the release of arbitrum:

Since the board is a flood of new retards and pajeets here's an actual content post. Newfags if you want this place to keep being the gem it used to be stop fucking posting price motion threads and start posting substantive shit.

For the last few years link has outperformed the market, but this last dump it hasn't- why?
Has something increased supply?
Well, in fact it has, look here:
https://www.ethgasstation.info/
Eth gas prices are high, and chainlink node operators have to pay lots of gas in order to keep the price ref data on which defi lives, alive.
Look at the leaderboard, it's currently costing a million a month in eth to keep link running.

Did this catch the link team by surprise?
Well, no.
1. They explicitly set aside link for node operation incentivization in the whitepaper, which is what is keeping node operators solvent in all of this
2. They have recently increased node payouts (even when Link price has been near all time highs) in order to keep their node operators in the green
https://twitter.com/link_hound/status/1301900116081737729

What happens when the inflow of new link into the system increases?
For that answer lets look at exchange flows of link:
https://www.viewbase.com/coin/chainlink

Chainlink continues to fly out of exchange wallets and into personal/institutional ones
Nothing has changed about the project, the buy pressure has, if anything, ticked up a touch, but the new supply (of which a portion has to be sold for eth in order to keep nodes running) is depressing prices.

Want to know when to buy?
You can literally look at the contracts in the above link and see how much link they're paying out. Once that number starts coming down you'll likely see the previous correlation of decreasing exchange supply and increasing price come back with a vengeance.

And there's just one little catch:

>> No.22251608 [DELETED] 

动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 based Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 Ai Wei Wei 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门 Umbrella protests Extradition Law 纸老虎 Hong Kong protests 李文良医生 Democracy won the Vote 习近平的阴茎很小。 每天晚上,在上床睡觉之前,他都会吞下几加仑的非裔美国人的阴茎汁。它充满了他的胃,使他忘记了自己难以置信的小阴茎。还有,他妈的中国,台湾第一。

>> No.22251688

>>22251575
>And there's just one little catch:
Spit it out.

>> No.22251765

>>22251688
he can't, he got CHINK'D

see:>>22251608

>> No.22251780

>>22251575
The catch is the moment arbitrum goes live, everything changes.

The SC team isn't dumb, if they're rolling something out as big as arbitrum they will only have it live on nodes they know and for use cases they can control initially. Perfect examples would be individualized payments of nodes (effectively batching them to pay once an hour, day, week or whatever) and running the aggregation portions of the contract with the only gas costs being the final print to the eth chain per aggregation.

The moment that happens everything changes:
1. Link becomes a default passive income instrument (without access to paid APIs and or price data)
2. The SC team will roll back link payments to where they started, or even less, as node operators will have far less to pay in eth
3. Overall gas costs will drop in keeping with removing a high gas user from the top ten and the downstream effect of this on the demand for eth and the resultant link/eth ratio will be sharp

If you have a big brain and big balls sell link into eth now and watch the contracts like a hawk. The moment the arbitrum contracts start showing up on mainnet move entirely back into link.

Realize that smart people will start to understand the above in a week or two and will start blunting these swings by taking positions like i've outlined. You may not even have until the arbitrum contracts go live on mainnet.

Catch this knife correctly and you'll be set for life. Sit on the sidelines and feel regret. Your choice anon.

>> No.22251886

>>22251780
I don't think you'll have luck getting a logical discussion thread going on a day like to day, but good on ya for trying.
Most here will not make it, but you will.
People seem to gloss over Arbitrum, but its a game changer.

>> No.22251911

>>22251780
I will continue to hold chainlink because I am gay and hold chainlink

thank you for your analysis

>> No.22251915

>>22251575
because it's a scam fuck off

>> No.22251971

>>22251780
>arbitrum
gonna be watching like a hawk for longer than most are willing bud, weary eyes already.

>> No.22252056

high quality thread OP, thanks, how will we know when Arbitrum contracts start showing up on mainnet?

>> No.22252133

>>22251575
>it's currently costing a million a month in eth to keep link running.
imagine thinking a PnD that's underperforming because of a mere $1M per month is a good investment.
That's your entire thesis. The demand is so weak one million a month is enough.
Good luck cashing out any significant sums.

>> No.22252173

When does arbitrum go live?

>> No.22252201

>>22252133
err he’s talking about gas costs bro

>> No.22252226 [DELETED] 

>>22251780
动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 based Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 Ai Wei Wei 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门 Umbrella protests Extradition Law 纸老虎 Hong Kong protests 李文良医生 Democracy won the Vote 习近平的阴茎很小。 每天晚上,在上床睡觉之前,他都会吞下几加仑的非裔美国人的阴茎汁。它充满了他的胃,使他忘记了自己难以置信的小阴茎。还有,他妈的中国,台湾第一。

>> No.22252261

>>22252201
yes, he's entire thesis is that link sold for gas costs is enough to overwhelm demand.
Essentially, his own reasoning led him to a conclusion that link is a PnD with next to zero market support, but in his absolute delusion he ignored that.

>> No.22252287

>>22251780
Wait, so you're saying Arbitrum will replace Ethereum and make it cheaper to run Chainlink nodes?

>> No.22252377 [DELETED] 

>>22252261
I'm pretty sure he's saying that the gas costs related to running nodes is what is overwhelming demand not people buying and selling on exchanges.

>> No.22252384

>>22252287
Yes.

>> No.22252520

>>22252287
>>22252384
cope
this would mean arbitrum would replace eth as node operators are providing their services to eth based smart contracts ( thus paid in link )

if defacto smart contract platform is arbitrum then node operators would be paid in wrapped link

arbitrum is just a dime in a dozen "eth-killer"

>> No.22252554

>>22251575
everything is underperforming faggot

>> No.22252586
File: 276 KB, 632x395, 1535834331111.jpg [View same] [iqdb] [saucenao] [google]
22252586

>>22251575
Thank you for this thread based OP, viewbase is a new website for me

>> No.22252635

I’ll take Threshold Signatures for 800, Alex

>> No.22252688

>>22251780
>Catch this knife correctly and you'll be set for life. Sit on the sidelines and feel regret. Your choice anon.
WTF are you trying to say ? I will only make it when i flip LINK-ETH-LINK ? Like why ? Is link gonna crash below 1 dollar or what ? What would be regret of just holding link, i didnt bought at 15 dollars ... i bought at 15 cents...

>> No.22252717

>>22252261
err no arbitrum will correct that problem

>> No.22252770

>>22251765
>>22251915
>>22252133
>>22252173
>>22252261
>>22252287
>>22252520
>>22252554
>>22252688
Biz does fucking deserve to die

>> No.22252915

>>22252688
He's saying if you want to maximize your gains, if you hold a shit ton of link of course you'll be fine already. He's extending an olive branch to nulinkers, the whole purpose of this thread.

>> No.22253018

>>22252770
(you) let it happen

>> No.22253020

>>22252915
I hold 4k LINK and will not sell neither you nigger
OP suck my dick you Jew

>> No.22253053

So basically, buy DMG?

>> No.22253072

>>22252770
I agree with you, /biz/ is getting overwhelmed by seething fudders but this >>22252688 was a reasonable question. If you have a stack you're content with, is there really a reason other than trying to increase your stack to flip/swing and risk missing the rocket?

>> No.22253154

>>22253072
I'm pretty sure his whole purpose is to help nulinkers, who aren't going to be content with the double or triple digit stacks they can likely only afford right now. Obviously anyone with at least 1k is probably going to just sit comfortably, though you also have the option to try to act on his advice as well.

>> No.22253239

>>22253072
I am a suicide Stinker happily swinging around, the goal is always to get back to a suicide stack and use the winnings for leverage trading, or buying back if a swing went bad

>> No.22253332

>>22251780
I didn’t understand anything you said, but it feels bullish

>> No.22253534

>>22251780
Absolutely based and redpilled. I'm too lazy and small balled to move link to eth though, so DIDNT READ. NOT SELLING.

>> No.22253546

>>22253332
Its insanely bullish. 1k eoy isn't happening, but triple digits within the next 6 months is definitely a possibility. Next year though...

>> No.22253568

>>22253332
It basically means there will never be neet nodes and that the future will be permissioned specific blockchains. Crypto is maturing from its lolbertarian phase into its true capitalist phase. So yes extremely bullish as LINK might be the only dlt related protocol that exists today that survives the cleansing

>> No.22253609

>>22251780
>Catch this knife correctly and you'll be set for life. Sit on the sidelines and feel regret. Your choice anon.
What do I do if I already have 10k LINK? I don't want to buy anymore but I am not selling either.

>> No.22253668

>a few million in gas is bearish enough that paid "node ooerators" have to market sell to cover costs

So that 700 ETH "fud" was truly damaging then huh? Funny how much vapor is in your multinillion dollar mcap if a bunch of retards paying for gas nuke your value in half from ATH.

>> No.22253745

>>22253668
no, it was not even really registered

>> No.22253819

>>22253745
T. Coping

No one wants to take part in some api layer that costs 700 ETH to run. It's a fucking scam. Also the OP disagreed with you which was the point of my post.

>> No.22253851

>>22253609
If you already have 10k you should know by now that you're set. This is for anyone still hoping to catch the shuttle before it leaves the atmosphere.

>> No.22253912

>>22251575
>>22251780
>>22252770
Based 145 IQ anon, thanks for posting. Some of us are grateful for dudes like you.

>> No.22253966

>>22253819
It wasn't registered as fud, or as an explanation for the "dump". The narrative was ineffective, and the actual impact minimal

>> No.22254068

>>22252770
>this is your brain when you cannot refute and it short circuits

>> No.22254081

>>22253609
He saying swing to eth while linky contract numbers remain high.
Then swing back once the 6digit numbers start to disappear.
The number of links you hold is irrelevant. The regret will come from having this information and doing nothing regardless of quantity.
If you believe op do it, if you dont dont.
Seems sound based on the hyperlinks in op

>> No.22254095

>>22253546
>>22253851
This shit dropped 50% on a 10% Bitcoin wick and look at those retards... BTC is aiming at $7K and LINK will end up at around $1-2

Never learn biz...

>> No.22254202

>>22251911
checked and gaylinkpilled

>> No.22254208

posting in an actual good thread for once

>> No.22254209

>>22254095
Yeah after it mooned 150% on hype alone, still way up on sats from June to now, but I'm assuming you know that and are just low effort fudposting.

>> No.22254782

fucking ridiculous that this thread doesn't have more replies

>> No.22254825
File: 1.45 MB, 2475x3300, 1598794924548.png [View same] [iqdb] [saucenao] [google]
22254825

>>22254782
True, bump

To add substantiveness instead of shitposts (outside of based OP)

1. When is Arbitrum/DECO slated for release? I think this might be like early 2021

>> No.22255413

>>22254081
Total moronic move. Link has over dumped and eth has been a slow riser.

>> No.22255414

>>22254825
I know arbitrum beta 2 (4000 tps) is projected for Q4, arbitrum sidechains (40000 tps) are projected for Q1

>> No.22255653
File: 27 KB, 500x509, 1556560402956.jpg [View same] [iqdb] [saucenao] [google]
22255653

>>22251780
>he thinks he can time the arbitrum moon
this is why 130iqlets will not make it. >160iq or <100 iq required, sorry bro

>> No.22255795

>>22255653
I agree that arbitrum isn't soon and eth gas is absolutely choking any mature use of blockchain. So you could bank on not much changing for months, for example staking won't happen for several months.

However nonetheless shifting to eth would be a crazily bad bet.

>> No.22255800

if it moved up 15 spots in market cap this year it's demonstrably not underperforming the market

>> No.22256106

>>22253912
Seconded
Thanks OP, trying this with half of my stack(more like basket)

>> No.22256171
File: 407 KB, 672x960, GymChloe.jpg [View same] [iqdb] [saucenao] [google]
22256171

>> No.22256207

>>22251780
Getting Arbitrum up and running will move most action off of the ETH blockchain. Catching this knife correctly would set anyone for life. However, I want to remind stacklets not to go ALL IN. You MIGHT time it correctly, or not, do not miss the boat when it sails. Good luck newfags.

>> No.22256291

>>22251575
holy shit another link thread, you could've sold and made a lot of money cope you silly fgt

>> No.22256363

>>22252770
Thanks op. Good big brain post.
I'll not gonna try to do this, as I already have a good '17 stack. But I will watch

>> No.22256448

>>22256207
I've got 6500 omw to potentially 8k if we can stay 10 dollarsish until Nov/Dec, and I'm not touching it. I'd probably only gamble if I had under 1k.

>> No.22256536
File: 263 KB, 615x1012, BeachChloe.jpg [View same] [iqdb] [saucenao] [google]
22256536

>> No.22256582

bumping blessed thread

>> No.22256718

>>22253053
HAHAHAHAHAHAHA

>> No.22256932
File: 3.99 MB, 3528x5004, prebulkChloe.jpg [View same] [iqdb] [saucenao] [google]
22256932

>> No.22257437

nowaday biz is full of scams, but I still lurk around because of the threads like this one.

>> No.22258161

>>22251575
thanks just sold 100k

>> No.22258195
File: 86 KB, 634x858, ShortChloe.jpg [View same] [iqdb] [saucenao] [google]
22258195

>> No.22258377

>>22252915
>>22253154
>>22253546
Why are you giving price predictions or any advice at all when you are a dumb nulinker with not even a make it stack?>>22256448 Keep your mouth shut faggot no one wants your advice

>> No.22258469

>>22251780
Help a brainlet out
i understood i have to watch for arbitrum and watch for contracts that lower gas price on ethgasstation,info
can find out how to look at contract numbers

>> No.22258483
File: 127 KB, 2174x452, Screen Shot 2020-09-05 at 7.48.34 PM.png [View same] [iqdb] [saucenao] [google]
22258483

i tried to be a detective but i just found a bunch of transactions that lead to binance kek

>> No.22258513

>>22258469
cant*
also should i look at link contract arbitrum or those above link

>> No.22258526

>>22252770
Thanks for sharing your insight for the handful of good anons left here.

>> No.22258638
File: 862 KB, 1651x1100, CarChloe.jpg [View same] [iqdb] [saucenao] [google]
22258638

>> No.22258656
File: 1.68 MB, 366x275, 1598400752035.gif [View same] [iqdb] [saucenao] [google]
22258656

>>22251575
good thread. bump

>> No.22258915

>>22258483
this turns out to be node operators selling link on the market

>> No.22258957

OP is full of fucking shit. Here's why, Arb doesn't mean shit if a certain glasses wearing chink sets wash trading bots to watch those same wallets for specified contracts. In crypto it's the wild west. He can literally time it to the millisecond that those contracts go live to game the order book.

What needed to happen was a run up before said chink got control of the supply.

>> No.22259006

>>22251575
Chainlink and DECO will allow every company to move their entire computer network to a decentralized cloud.
Screencap this.

It might be a few years from now, but someone will realize that it's possible and the amount of money they can make.

>> No.22259082

>>22258957
you're more full of shit. at least OP has shown data to back his claim. do you have any of that? or just hypotheticals

>> No.22259135

>>22259082
You're a newfag if you don't know who I'm talking about, and what I'm talking about. I don't have time to explain market manipulation to a newfag

>> No.22259241

>>22259135
been here since 2017, know who you're talking about, cz can only do so much in market manipulation if link continues to flow off binance wallets

>> No.22259638
File: 17 KB, 343x252, itstime.jpg [View same] [iqdb] [saucenao] [google]
22259638

>>22251575
>>22251780
Never selling but op isn't a faggot

>> No.22259771

Op is not wrong.... but still selling.... too risky

>> No.22259797
File: 6 KB, 320x180, ConeDan.jpg [View same] [iqdb] [saucenao] [google]
22259797

>>22259771

>> No.22260008

What does OP mean by watching the contracts? Does he mean watching the ETH25 leaderboard for gas spent, and check if link starts dropping lower in said leaderboard, meaning that arbitrum will be starting?

>> No.22260218

>>22260008
he means watching the payment amount in LINK from the aggregator contracts

>> No.22260622

>>22256207
This implies that LINK is going to go extremely low and ETH will moon in the interim. If the only move is to buy into ETH, hold, and then time the bottom of LINK and switch back over, LINK will have to go way down and ETH way up.

>> No.22260851

>>22252688
>i didnt bought at 15 dollars ... i bought at 15 cents...
why the fuck haven't you taken profits yet then, retard?

>> No.22261452
File: 2.73 MB, 1080x1524, 1597257737963.png [View same] [iqdb] [saucenao] [google]
22261452

Bump epic thread. watching

>> No.22262280

$1m per month is peanuts compared to LINK's volume and market cap. LINK is dipping because the whole market is dipping and it's too late to swing now.

>> No.22262337

>>22262280
OP is making the point that there is constant sell pressure on link and no reason for nodes to worry about buying more, all while there is demand for eth due to overall increased network utilization. speculation will drive both up but i wouldnt be surprised if link/eth pair trends down

>> No.22262573

>>22262337
$1m per month is negligible. Sergey hasn't even been dumping as many tokens as he was before with the 700k dumps. It's just to risky to swing imo

>> No.22262626

>>22262573
we will see, its hard to say for sure. im long on both

>> No.22262795

>>22259006
Amount they can save aswell

>> No.22262818
File: 382 KB, 720x928, SHREDDEDchloe.jpg [View same] [iqdb] [saucenao] [google]
22262818

>> No.22263007

>>22251575
Based bumperino

>> No.22263196

>>22252770
Anon you are a true marine thank you for your service. Us old fags have been migrating off slowly, I can tell just by the quality of posts as of lately.

>> No.22263226

>>22252770
It's okay anon desu, its just your yearly influx of 100 iq fags shitting up the board

>> No.22264216

Bump

>> No.22264280

>>22251780
came back to read the post again, still don’t understand it, still feels bullish

LETS GO!!!!

>> No.22264448

>>22264280
It's long term bullish, but short term bearish, anon.
Hold for your life and don't sell the bottom.

>> No.22264582

>>22260622
Yeah it's totally moronic to the point of likely being a shill. Any real anon would have said such a thing at $17 as i did. That the congestion, flagging run and disappointing smartcon are going to hurt.

Nonetheless i also told people it likely will dump but chainlink is very unpredictable and news can come out of the blue so if you aren't intending on selling for months/years just keep holding.

>> No.22264980

>>22251575

Mate you are the new fag. Link has had dumps way worse than this. Literally every fucking time it corrects it dumps way worse than the rest of market. Even in March it dumped harder than anything else.

What the FUCK are you talking about. Its still trading around 4x what it did in January so it is outperforming the market

>> No.22265208

My 10k stack will net me $5mil next year if I believe it I will achieve lets go Sergey

>> No.22265421

>>22251780
good read, ty OP for posting

>> No.22265474
File: 245 KB, 750x750, 1582053167739.png [View same] [iqdb] [saucenao] [google]
22265474

>>22251575
>>22251780
Ty OP. Good analysis.

>> No.22265593

>>22255653
>this is why 130iqlets will not make it. >160iq or <100 iq required, sorry bro
tfw a comfy 95 IQ and a 10k link stack

>> No.22265637

>>22251886
That’s you and most people here won’t survive in this market for not having two active brain cells to think

>> No.22265698

Funny how you guys can admit that the increase in link fees creates inflation but refuse to admit that staking will have exactly the same effect

>> No.22266185

>>22265698
How can a limited supply increase inflation? Are they not completely opposite things?

>> No.22266299

>>22266185
Read the white paper

>> No.22266868

>>22251780
>the moment arbitrum goes live
when is that, approximately?

>> No.22266890

>>22251780
>Catch this knife correctly and you'll be set for life
that knife can go fuck itself. you should all already be set for life. we had three years. not selling

>> No.22267010

>>22263196
Please come back

>> No.22267031

>>22266868
Tonight!

>> No.22267298

>>22251575
>>22251780
Link at 1 dollar eom

>> No.22267314

>>22252770
Nobody is going to buy your bags faggot. You better sell your link before it goes to 0

>> No.22267351

>>22253546
Pure delusion. Can't wait for the panic from link cucks when it goes below 1 dollar

>> No.22267354

ohhhhh