/biz/ - Business & Finance

>>27757952
unironically everything is correlated to bitcoin, and also the market does the exact opposite of what i do at all given moments

>>27757952
These fucking jews will keep us down forever, I don't know how much linkies they're fucking accumulating.

>>27757952

>>27757952
it might seem like cope anon but no this has happened at least a dozen times now since I've bought LINK a couple years back

>>27758153
i realize that now, why are ((they)) doing that??

>>27758089

>>27758089
Pic related period was the most obvious, and when I became a believer. $5 was a year long major resistance and everytime LINK was headbutting it, BTC dumped. Fucking crazy.

inb4 the millionth brainlet comes in to say: "duh, of course chainlink drops when the whole market drops"
THATS NOT THE POINT NIGGER. ITS ABOUT THE TIMING

>>27758153
It happened at least a dozen time the past 2 weeks, it happened at least 300 times since 2017.

>>27758292

>>27758297
Thoroughly based

>>27758376

>>27758478

This pattern has become more obvious in recent months. It's almost as if something huge is brewing behind the scenes because when the suppression stops link explodes (like the 5$-20$ run).

>>27758478
> not included: all the times link has pumped and btc hasn't dumped or all the times btc has dumped when link isn't pumping

>>27757952
imagine being this delusional to think btc a coin worth $700B+ and the driver of the crypto market dumps to stop your shitcoin of $9B kek holy schizo fucks

of course they manipulate the price of link by dumping btc
who would want to risk dumping their link?

>>27758354
I only notice the really obvious ones, i've had the link tab open every day for the last 2 years like any other anon but only glance at it once in a while

>>27758763
>BTC/ETH whales who can recognize value before others manipulate the market to buy more of the next big thing
How is this unbelievable to you faggot? It makes sense, when link was 30c I used to manipulate low cap shitcoins on idex to buy more linkies, if I had hundreds of millions of usd worth of btc I'd do the same thing to higher mc coins/tokens.

>>27757952
I'm surprised Binance hasn't tried flash crashing Link again.

How do you anons know this suppression is exclusive to link?

>>27759567
because link is one of the only other significant projects in the entire crypto space. If you were here for years you'd realize this. No one is going to manipulate fucking r*bic by dumping BTC to get in lower. ETH had ethkillers out the ass in 2017, now there are a fuck load of "linkkillers" trying to ride coattails from hype, while LINK and ETH go up because of their fundamental value. LINK without suppression would already be at $81,000

>>27759567
It’s probably not. But it’s conspicuous and we are watching for it.

>>27759222
>trips of truth
>2
setting buy orders for $2.22

>>27760271
Knowing CZ, set them to $.0222

>>27757952
Second time today alone.

>>27758297
The resistance at $4 was legendary.
For weeks on end, every single time Link hit $4, BTC dumped.

>>27758718
Back around May 2020, BTC dumped every single time Link broke $4.

Every
Single
Time

>>27760767
How do you know it's exclusive to link though? If you only look at link, it may seem like suppressing link is the goal, but correlation doesn't equal causation.

>>27760921
See >>27760887

There was just no denying what was happening.
During certain periods, BTC is definitely used to suppress Link.

>>27760767
>>27760887
Why do you think it is happening?

I don’t normally agree but this time it was obvious and it was obvious when link topped $26

>>27759567
nobody knows for sure but it's one of those strange COINCIDENCES that seems to happen almost exactly on time and dozens of times now

>>27761080
Accumulation by large holders.

>>27761080
Maybe it's whales trying to keep Link down while freeing up BTC holdings to eventually transfer to Link.

Who knows. It was extremely predictable though. And it seems to be happening again.
What I do know is that as soon as the suppression stopped last summer, Link boomed to $20.

Why would they suppress price?

Whales would just buy OTC or even from Sergey who is dumping 500k each week.

Reading this thread it looks like I was lucky to get 1300 LINK (average net cost £10.50) from the start of my accumulation in only November 2020.

>>27761709
hold on to them for dear life
wagmi

>>27760921
lurk more and get the reddit dick out of your mouth

>>27761676
they suppress so they can move it 3% and earn 30k a day.

>>27761676
Weak FUD. Sergey dumps 1.5M per week.

>>27759173
So are we just boned at the hands of these whales? They can basically manipulate the price forever, who is to say that one day they'll just stop and let the price rise at all?

>>27764665
Seriously ? Let's say you had 1 million linkies. What would a price increase do to your net worth ?

>>27758376
I hate this chink with every fibre of my being so much.

>>27764665
Because they're doing it to accumulate.
They don't want the price to stay here forever. When they feel like they have shaken out enough weak hands, it will explode in price and they will start the cycle again.
We will also be inundated with another round of swinglinkers posting how sad they are and they wish they could get back in.
It happens every 6 months lol.

>>27765123
it's really devious. imagine how many millions have changed hands just because it "took too" long to move

>>27764665
>are we just whale food?
Make your bet and ride the Kali Yuga, anon.

should I just sell my stack? I feel like im missing out on a bunch of coins right now and I don't know how long this bull run is going to last.

>>27765123
this lol. Imagine not realizing the market is manipulated to bait you into bad positions.

>>27759894
>$81,000
lets get to $50 first goy

>>27758376
don't forget the infamous "totally legit bro" scamwick last march down to like $0.01

>>27765123
This is one of the only things that keeps me going. Once they shake the tree enough, it's gonna be full nuke and all those weakhands are gonna FOMO back in and turn the pump to $100 into a pump to the high $300's mid-year

The whales need to dump. I want to add some to my portfolio but I'm not going to buy high.

>>27758089
>>27758376
>>27758478
biz is this weird middle ground where we benefit from the suppression for the same reason that the whales/whoever are doing it (accumulation), but because we don't have millions/billions of dollars at our disposal to accumulate significant amounts at any price we're almost unanimously ready for the price singularity. we can still technically continue to accumulate, and long term it's still in our interest, but now that we're past $1 it just doesn't really feel like we're accumulating that much any more. that's why the past half year has been so tortuous despite OGs having made anywhere from 50-150x on our initial investments - the biggest players are still accumulating and we're left mostly on the sidelines with our dicks in our hands watching everyone else moon. but that's part of their plan, they want our bags too. really the whales are waging a war of attrition against us.

>>27765985
I didn't mind price suppression buring the bear market , because that was the time to buy anyway. But 2021 is the golden bull run, a once-every-four-years thing. I'm going to be pissed if link underperforms by EOY 2021 when the top is in, because then we'll have to wait a minimum of another 4 years

>>27766298
if? lol its already underpreforming and will continue to do so until staking is announced which in all likelyhood, will be after the bullrun is over.

>>27765985
what if they're not accumulating. What if they're cult like bitcoin maxis that want to suppress the price of everything else so that bitcoin maintains a certain level of dominance.

>>27765409
I lost all my link to it once. I learned. I bought back in at 14 dollars. I regret it. But I learned. My now much depleted 300 link stack is not leaving my hands till 81k...

>>27765985
As an old boomer once said;
"the market is a device for transferring money from the impatient to the patient.”

>>27766298
crypto has changed.
once chainlink is ready for enterprise adoption you're not going to see the same cycle patterns we've seen in the past, at least not for link. if you think back, even since link's birth it hasn't really played by the rules (bull run during a bear market). as time progresses chainlink's value will be determined increasingly by the value it is providing to enterprises and not the whims of the crypto market as a whole.

>>27767336
we've got a hell of a lot more evidence that chainlink is the god protocol but you do you i guess

>>27767440
very true, and bizlets habitually underestimate the amount of risk they rack up jumping from coin to coin chasing the dragon.

>>27765749
I will never, ever get over this. Binance should have been finished after that. Shows how truly retarded crypto is at large that something so blatant could happen with no consequence.
>Hey CZ that’s weird, what happened here?
>Ah it was bug hehe don’t worry about it... funds are safu haha
>Ok thanks, based CZ!

>>27768196
Based Lindy effect.
Here's a rare sergey for all the newfags lurking.

>>27764869
the thought of having 1 million linkies makes me want to cry. I only have 3k.

>>27768196
wagmi

>>27768861