/biz/ - Business & Finance

Give it some time anon

>>28150625
That's just human nature, anon. Holders in other threads are holding onto conspiracy theories that it's being suppressed. Like, it's not three years ago. Move on

>>28150625
>not simply comfortably holding 5% of your net worth in LINK
How is this so complicated

>>28150806
My portfolio is 90% LINK, sweety. I'm so fucking jaded by crypto these days that I no longer care about anything.

DOGE is driven by dumbass retail normies and will be a hyperwave just like GME. virtually none of them will come out of it in the green. regardless of what happens in the short term during this deluge of dumb money the underlying fundamentals of cryptos like LINK, BTC, ETH, and bluechip defi tokens will remain. if you own any substantial amount of these you will outperform the market by orders of magnitude long term. maybe give yourself a break from the relentless fud and manipulation on biz.

>>28150625

I can explain why Link is a bad investment if you'd like. If you're genuinely interested let me know. Even reply with lashing out (a meme or snarky reply). Just lemme know.

>>28151729
I would like to know

>>28151500
Nobody has any clue when the rug gets pulled out, middle of the night 4AM and you're stuck holding bags with WSBtards

>>28150625
Only investing in coins listed on robin hood is my new strategy. Fundamentals don't matter in Clown World.

>>28152223
Okay so
First off, I created a bunch of threads back when Bitcoin was at 12k, this was when PTJ and institutions were starting to dip their toes - at this point it was a no brainer - but not everyone was pricing this.

Along with the fact that the "store of value" play made a whole lot of sense back then. I know how much this sounds like I'm tooting my own horn, but I didn't expect (not even remotely) the parabolic growth Bitcoin would see.

So Bitcoin is the play right now and will be for the foreseeable future. I can go on and on about Bitcoin if you want, but you should have a 100% position. I'm saying this because I know you're young, so you can afford the risk/reward profile.

LINK is a cool idea. However it's many years and an immense amount of infrastructure away from being profitable. Having a LINK position now is pure speculation on the grounds that it will pull something out of its ass very soon. It's had 5 years or so with next to no profitability/utility. Therefore, you shouldn't necessarily have a zero position, but logically it makes no sense to be heavily invested.

There are chinks to LINK's armor. Oracles are only as truthful as the SOURCE of the data (even aggregated). The implications of this are astounding. In a sense, it defeats a purpose. If code is law, then code (software) can (and does - astonishingly well) provide solutions to data flow.

I understand the LINK prophecy and what people understand and expect from it, but it's a boutique product mostly regulated to the crypto-sphere.

>>28151729
shoot

>>28150625
Incorrect. At present link is just a price feed. An important one yes. But that’s all it is. Future is interesting but a far far from proven one. It’s about to get hammered Bc after 3 years that’s all it is.

>>28153102
I know how I sound. But I've been astonishingly right not only in crypto but stocks lately so I can't help it. If you want to fight me let me know as I'd love to be proven wrong.

>>28153067
Idiot it’s only been around for 3.5 years but yes I agree w everything else. Link is well over valued for what it is right now, just a price feed.

>>28153067
>the year of Our Lord 2021
>LINK is $25
>i’m still on /biz/ reading “muh data source” fud
honestly what the fuck am I doing with my life lmao I have a million dollars why the fuck am I still here

>>28153067

>>Having a LINK position now is pure speculation

BTC is also pure speculation. Tell me how is BTC better than LINK right now.

Anybody who has held more than 10% LINK thru the bullrun is fucking retarded

>>28153312
Sorry thought it was 5. But yeah.
It's not that philosophically/theoretically LINK can't work in this astounding way.

The problem is there's no market for it. It just doesn't make enough sense.

>>28151064
My networth is like 95% link.

>>28153475
seethe more, poorfag

>>28151500
sooner the better. Doge rugpulling would result in all that liquidity flowing out into the rest of the crypto market. But knowing the faggots who chase after dogecoin pumps, hwo the fuck knows what they'd even put their money into. They'd probably just look down the list on binance and pick the first coin they see with a cute logo

>>28150625
does anyone else fucking love these threads? there is so much passion behind them, i love the energy. i totally fucking agree, this goddamn snail needs to moooooooooveeee.

>>28151064
oh sweaty, why isnt it 100%?

>>28153429
Elon fucking musk just bought 1.5B of btc what do you mean. It’s literally a no lose proposition now. Next week Apple then msft then etc etc. get it

>>28153475
i dont think i like your tone

>>28153294
If no one can solve the oracle problem crypto can't have any value besides currencies such as BTC,XMR or moving tokens like on ETH. A lot of the speculated value comes from utilizing smart contracts in streamlining automation etc.

Solving the oracle problem isn't something binary since you can't really quantify what it means to be decentralized or secure. Link today is sufficient enough in providing price feeds to DeFi and one would have to assume that they will become more sufficient in providing value to other means of smart contract applications.

If no one manages to solve the oracle problem as defined above then why should you ever ANYTHING other than Bitcoin and if that is what you are saying then I agree with you if we follow that train of logic.

Why do people doom Link so fucking hard, its obnoxious
t. Held from sub $2 and have always seen this attitude

>>28153746
Doge is way more special than link. Easy to laugh it go ahead but elon chose doge not link

>>28153759
Neat.

It went from $4 to $25 over a year, that's not bad for a JSON parser.

>>28153429
That's too easy anon.

It's all about how you price inflation. The Fed feeds you 1-2% metrics (CPI). Leh'l. Okay. Well what about the price of everything that actually matters in the world (real estate, bonds {i.e. retirement}, education, food). Check the Burrito Index.

"True" inflation is ~7%/yr. By keeping money in fiat, you're getting bled out by that number. Even though the money you have in the bank stays the same, your *purchasing power* dwindles - this is a really hard concept for people to grasp. But the aforementioned assets continue to rise in value whether you understand it or not. This is also extremely relevant to the wealth inequality in the US, which is unprecedented.

In any case, the recent monetary shenanigans (QE), as well as bonds (which people on 4chan don't understand the importance of, as in it's in the hundreds of trillions, can easily price in the current value of BTC.

Bonds are negative yielding in Europe and close to zero in the US, with many experts saying will see zero this year in the US. If you understand bonds, you'll understand Bitcoin. Negative yielding bonds means you're investing in something that will lose value.

hey anon, thanks for the inspiration for my poorly made OC.

>>28153904
because they want you to sell and miss the moon mission. People fucking suck.

>>28153902
The "Oracle problem" is a buzzword.

If you can articulate the problem, and who is having that problem right now, let me know.

I go all in nft on playcent
After I make it people will ask me how I got a billionaire…
I will tell you to get your brains off and show some respect for my portfolio

>>28153904
>>28154241
oops this pic was for you, anon.

>>28154241

>>28153655
checked.

>>28154394
oh hes so goddamn cute, thanks anon

>>28154504
no problem bro

fuck LINK tho. it's going to 0 shortly.

>>28153919
Elon just chose doge because of the rediculous price increase to $.07. He did it after the fact. Probably what made him decide to take Tesla into Bitcoin.
Imagine if Elon were to simply mention LINK

>>28154566
checked nooooo whyyyy not my linkerinossss

>>28150625
I only have 13,500 link. Will this buy me enough niggers to run my plantation?

>>28154272
There is no reason to use a decentralized system as long as you can't ensure that the data on the decentralized system always is true. If you can't guarantee that, then a centralized system is always better ( like the ones that exist today ). This would mean that crypto has nothing to disrupt and that its future is useless. If the oracle problem , connectivity problem, w/e how you wanna call it can be solved to guarantee the truthfulness of data then maybe decentralized applications maybe can be disruptive

>>28154272
Agree I bought into the hype and made 7 figs. But now I get it, it’s just a price feed after 3 years nothing else has materialized. We’re like years away from anything interesting.

>>28154179
no one under the age of 10 has trouble grasping the concept of inflation you pseud

>>28154832
The market simply can’t price link higher than it is now, it literally isn’t possible. This is the top for a while at least in sats.

>>28153181

Take away that “price feed” and shit like AAVE doesnt exist. All that utility AAVE provides, literally gone. All the money flowing through it, the ability to lend and borrow. Gone.
Why is it logical that LINK under performs this much. Look at ETH. No app on eth has come close to passing eth itself yet. One day plenty will, like the internet has companies worth more than ISPs themselves. But if it hasnt even happened to ETH yet, why LINK?

Possibly because normies are dumb. Link pumped without any of them, and they are too poor to buy link and still don’t understand it, which, woulds technically make it undervalued still.

>>28154769
link doesn't guarantee truth you tard. it literally just brings data into a blockchain environment

>>28150625
Hahaha what a dramatic faggot.

Yeah I've held this for the past year and seeing all these pajeet shitcoins mooning is just depressing. Thinking about converting my Link stack to ETH so at least I can get something out of it.

>>28151064
80%link 20%linkpool chad reporting in

>>28150625
I would FUD but no one is interested in your 10 LINK bags
faggot

>>28150625
Have you ever heard of something called communism? I’m not saying it works but if you hate everyone here and anyone like them it’s the best way to get revenge. People here contribute to manufactured demand because they know they can profit off the less fortunate.

>>28154599
DOGE has the advantage of being meta. This fuels his love for irony.

DOGE is in a way an ingenious way of investing in crypto. Besides Bitcoin (and very arguably ETH per borrowing/lending), "cryptocurrencies" have no utility or adoption - it's purely speculative. What earnings reports are there exactly? It's a roulette wheel, and has been for 10 years. How long have you been on this forum? A year? It's been constantly burying unsophisticated investors in altcoins for 10 years. There is a crypto graveyard that is astounding, check historical market cap metrics - it will blow your mind.

DOGE (and DeFi) are in a way, an acceptance of this fact, that you mustn't rely on partnerships and roadmaps (which have NEVER done ANYTHING for ANY crypto), that investing in crypto means you're investing in and of the crypto itself, not reliant on externalities. In that sense, DeFi is all about the "decentralized" borrowing and lending network, where price is determined by the crypto product and nothing else, and DOGE is determined by the crypto product (irony, meta) and nothing else.

>>28154265
What moon mission negro its done fuck all while everything else is popping off. It did its 100x if you havent made it then you werent going to make it anyway

>>28153409

I think this everyday I come here. Its hard to quit. Price feeds are FUD now when they are clearly the most profitable and valuable data as they allow derivative smart contracts a literal quadrillion dollar value market.

>>28154970
Thank you for pointing out the obvious. Do you want me to caveat everything?

>>28153409
You have a million dollars unrealized value in assets, not a million dollars. You stay here hoping to read something that will make you feel in control while you greedily let it ride in the hope that you will have 5 million when you finally take some profit. You realize there is a risk that the entire market will shit itself 2018 style before you've seen a dollar, or you'd be doing other things instead of stressing. Welcome to LINKer hell.

>>28155431
>There is no reason to use a decentralized system as long as you can't ensure that the data on the decentralized system always is true
you said it not me

>>28154873
The overwhelming majority of people don't understand it at all.

That's not to say smart money doesn't understand it, and profits from it (obviously, the rich get richer).

However, there is a paradigm shift occurring, right now, where people are starting to grasp this idea, GameStop is a symptom.

Millennials only hold 5% of the wealth today. Grasp that. The future isn't even investing in Bitcoin yet. We are going to see real parabolic growth from here, and ironically, the further the price goes up, the more institutions feel comfortable coming in - this exists with no other investment.

>>28154318
kill thy self

>>28153409
actually never seen any data source fud, i thought i was being original

no offense, but tone vays is proof you can be a retard and make a lot of money

>>28156319
no, you aren't original. It's the same mantra we've heard repeated since 2017.
Chainlink isn't a god oracle
your idea of a god oracle is a pipe dream
Now please leave my board

imagine thinking the markets are going to be rational in a bull cycle. you guys are ungrateful for the returns we have had so far on link just because investors are investing in hype assets like they ALWAYS DO. how new are you fucking retards?

>>28154947
There is justlend on TRON and Venus on Binance smart chain. Over 1bil value locked.

How do these even work without chainlink? maybe the oracle problem is not as difficult to solve as we thought three years ago

>>28156702
Not a god oracle, the god oracle

>>28156767
you can make in house oracles but they aren't as secure as decentralized ones.
They're cheaper to maintain, but your protocol is less secure and at higher risk of a malicious actor gaming your oracle.

>>28150625
wow what an organic concern trolling / demoralization thread
i just sold 100k

>>28156767

Would YOU trust lending and borrowing 6 figures or even 5 figures on them?

Because in wouldnt. I barely have courage to trust systems that use LINK(not bc of links solution, but because the platform may have bugs).

Link is the only real answer

>>28150625
Have faith fren

>>28154272
ok buddy it isn't a buzzword.
when you have a price oracle right, and this price oracle is leveraging an asset on a DeFi protocol, and if this DeFi protocol has $1MIL locked up, but it only costs $100K for someone to game your contract, then you have a fatal flaw on your DeFi protcol as its more profitable to game your network then it is to act honestly in it.

This is happening now. This is a problem. Decentralized Oracles mitigate this risk. It isn't a "buzzword" because you don't have an understanding of it.

Decentralized oracles need to progress in order for this entire space to progress.

https://www.coindesk.com/yearn-finance-dai-vault-exploit

https://www.coindesk.com/value-defi-suffers-6m-flash-loan-attack

https://www.coindesk.com/defi-project-bzx-exploited-for-second-time-in-a-week-loses-630k-in-ether

https://decrypt.co/33937/hacker-steals-500k-crypto-balancer-pool

https://www.coindesk.com/defi-exploits-flash-loans-industry-leaders

>>28150625
Could be. I think the most obvious thing is that it’s clear that the problem is too difficult for the team to apply beyond price feeds hence why they keep running these shitty ass competitions. Nothing is sticking. Arbol isn’t shit. That tsla idea is cool but way off. So what’s left just price feeds.

>>28151500
dumbfuck, DOGE is worth having because this bullshit happens every couple years. buy a fuckton when its literally dirt and dump it during these dumbshit normie awareness waves. its free money if you can get your head out of your ass and stop giving a fuck about "the integrity of muh crypto systems"

>>28150625
Long term the market will self correct; but I'm starting to get older, and by the time it happens, will my dick still get hard? My youth is being wasted waiting for Sergey to deliver.

>>28150625
Chainlink's only hope is being added to the Flare Network to be passed around as a joke.

>>28154125
>https://www.youtube.com/watch?v=xYG89rB6c5k

I agree I trust links decentralized price feed. But come on is that worth 40 billion ($100 link). It’s hard to see desu. Link isn’t a bear market coin that doesn’t mean shit. It’s just a coin that will plod along now. The 100x is done. If it can make in roads beyond price feeds ok then maybe but they have proven nothing of the sort.

>>28158886

>2021
>people still think link is only meant to be a price feed

>>28158227
If you wanted to live in a hip hop video, your making it would have been temporary anyway. You may as well YOLO on another opportunity.

>>28155326
>price feeds are FUD now
Funny huh

>>28160141
Having to wait until 2025 to make it

Fuck that

Just because you are smart OP and you realize somethings true worth doesnt mean the average fuck does. I like cameras I see retards spend thousands on dog shit gear. Why? Because of marketing. Elon made DOGE 8 cents. A coin for retards.

>>28158068
the integrity of the system is what gives it value, also buying worthless assets is always a bad idea

>>28158068
yeah but after this doge just might be ruined forever.

>>28160973
I bought 31k doge for $100 last year as a joke. I gave my friend 1000 of it to show him how to use his hardware wallet.
I forgot I had it and now I have over $2000 for no fucking reason.

>>28161340
Cry more, nigger breath.

>>28150625
Bruh we went 100x in a "bear market".
Now that dumb money is here, get ready for them to fawn over a few stupid trees. We own the forest.

>>28161569
Why would I be crying? I sold it at around 0.078.