/biz/ - Business & Finance

that retail drives price action in crypto is an enduring myth

>yet
>later

OP has the inability to think or plan ahead. Absolutely fucking pathetic. Buy my bags at the top, bitch.

>>29093750
>retail
So who was buying ETH in 2017

>>29093851
>LINK is going to $1200 this year bros
>n-no I meant eventually it is but not this year haha, you can’t think or plan ahead bitch
fucking retard

i'm too lazy to type it out with my thumbs but think of it like the BAT advertiser > user > content creator triangle but it's a square where smart contract users pay fees to smart contracts that pay link to node operators who people that have monetizable data

>>29094156
But is that gonna happen this year to the tune of $1200 per LINk? I’m bullish longterm but that seems like way too much for this cycle

>>29093617
>Link doesn’t do enough yet for industry adoption
2017 ETH wasn't being industry adopted, 99.99999% of 2017 shitcoins had less value than the dirt underneath our feet and that doesn't count as industry

>>29094967
the mere fact that AAVE exists and that LINK is needed to secure their price feeds makes LINK more useful than 2017 ETH

>>29094560
who cares about definitive price projections? mainnet thus far has shown that increased use has led to increased price and that there is geometrically increasing demand for data to be put on chain. don't be a gainscel telling yourself that a guaranteed multiplier isn't enough because you expecting a bigger guaranteed multiplier. baka

>>29094967
Eth had a bunch of retards buying it to get into icos. Link doesn’t

>>29095317
This post is reddit tier. You’re delusional if you think Link isn’t going to lose 80% of its highest value within the next 365 days. The rational man would look at the data from the last cycle and plan accordingly, not get left holding bags for 3 years.

>>29094085
I bought 50 ETH for $200 around then

>>29093617
not no more thats the narrative in 2018 bear market.....not 2021 bull market.

>>29093617
Eth was driven by usage related to ICO frenzy. Link will see similar usage powering the decentralized exchanges’ price feeds and through layer2 scaling assuming arbitrum actually gets released. The only difference is the retail trading demand will drive link demand indirectly rather than the retail traders directly buying eth

>>29097561
>The only difference is the retail trading demand will drive link demand indirectly rather than the retail traders directly buying eth
Good point anon

>>29096011
>You’re delusional if you think Link isn’t going to lose 80% of its highest value within the next 365 days
>The rational man would look at the data from the last cycle and plan accordingly
ignoring the fact that link has never lost that much value
ignoring the fact that whenever it has dumped it then pumps to ath

>>29098054
Link got rekt last spring during the rona scare and after the pump to $20.

>>29098203
and then after the dump to 11 it pumped to 25 then 28 then to 35

>>29098403
That’s because we entered a bullrun. Don’t expect that to happen when btc crashes hard. Link is still very much tethered to it and we’ve seen that a zillion times over the past several months of price action

>>29098671
Decoupling is going to be glorious boys

>>29098671
>when
that is the question
with whats going on with governments and the dollar that question gets harder to answer
will it happen for sure this time? its clown world and anything can happen
btc crashing is one course but there are many others where more money can be made and those with large enough resources wont let btc crash

>>29093617
There is 100000000% no connection so not be fooled by these losers. Chainlink right now is just a price feed. In the future it wil be more but right now a price fees isn’t good enough for the top 10 hence why you’re seeing such a fall from grace while other projects with superior solutions are mooning. Link has missed its chance don’t be fooled

>>29095020
As if that’s enough for link to just go to 1200 which was way way above eths worth at the time. Fucking idiot seriiuslly. It’s at $30 and that’s it.

>>29099007
It’s not just a price feed, VRF is live

>>29095020
Yeahhhhhhh I tried to found a way around this, but this argument is unironically true if one makes the distinction between current /future utility. And this isn’t even accounting for LINK use cases beyond an AAVE price feed fucking kek

>>29099121
Wtf is VRF?

>>29099116
>It’s at $30 and that’s it.
>its at $###
thats been said many times
either bad fud or retard

>>29099234
Oh verifiable random numbers. I mean it guess that’s ok but who is going to want to stake just to provide data for something stupid like that.

>ETH erc-20 token
>Link is more important to crypto than Eth
Teach me how to achieve this level of delusion, maybe it will help me hold my coins better.

>>29099408
VRF = Verifiable Random Numbers?
huh?

>>29098979
The guys with large resources are the ones crashing btc anon. Have faith in the cycles. Don’t end up like the 2018 bagholders who lost millions

>>29099468
Link was upgraded to erc677. It’s 33.85 times better than erc20

>>29099529
Yes, see: https://docs.chain.link/docs/chainlink-vrf

Dig through the archive and you can find posts outlining just how valuable true randomness is

>>29094560
Divide mcap by 3 and you get ~$450 as the top

>>29098671
Want to look up how Chainlink performed during the bear market before the current bull market?

>>29099773
They were saying $1200 is the LINK top not ETH

>>29099725
thanks

The higher the price gets the more of these threads I see.

>>29099868
That seemed cool until the start of this bullrun and now look at it. And look at the SAT value

>>29099943
I’m just going on the 2017 ATH of ETH and dividing it by 3. There’s about 3-4x the amount of link tokens in circulation

>>29099999
>>29099555
>>29096011
>>29095777
How about some of you insufferable newfaggots check my gets goddamit

Amateur hour bullshit

>>29095020
This. Same reason I'm bullish on GRT

AVAX is more similar to 2017 ETH. LINK will do great regardless, It's underpriced rightnow and will outperform the rest of the market soon.

>>29099999
Checked

>>29099999
Ch

How do you move Link into a Trezor

>>29099468
I don't know if you know this, but LINK is also on BNC.

More tranny shorter threads.
How far away are you from liquidation. Did you do the lend borrow cycle to 98% you degen?

STALK DISCORD TRANNY WALLETS
TRADE AGAINST THEM

>>29101134
back to xrp schizo

>>29101488
KEK IS FUCKING HERE WITH ME MEIN NIGGERS
OOOOOOOOOOOOOH

>>29095777
Checked, but retards buying ETH to get into ICOs is not the same as industry kek.

>>29100223
Tell me more about GRT, what's it doing now and what's it gonna do

>>29099116
go back to sleep

>>29100101

>teaching newfag fudders
>101 get

High power level

>>29101488
Xrp trannies do the same, also eos and a few other token. Imagine when a twitter spam campaign tells the xrp niggers how they liquidate whales...

>>29100101
Agree with anon. Newfags are not checking digits.

>>29093617
Here you go, here's a realistic price chart. Chainlink SHOULD be around 35-42 right now, it's underperforming.

>>29099643
Is this priced in? at $31.67 currently, multiply that by 33.85 and you get $1071 which seems like the correct LINK price. I think once more people realize it's erc677 we should see some nice price discovery.

>>29100101
these amount of gets fortell great happenings for link

>>29101960
Wait, is this serious? ChainLINK could go $1,000+ lmfao.. I doubt. Maybe in 10 years.

>>29099999
checked, just sold all my link

>>29101960
why did xrp go up so much in 2017 i thought it turned out to be a scam? what did it even do

>>29101960
Could ChainLINK really hit $1,000? I just like seeing my hopes get dashed.I have lost everything in life except my links....
when will we see this? When?...

>>29102167
Same play. Fud normies, borrow xrp, pay back xrp loan, close position, stop shorting, spam twitter. Just this time, there will be an aditional twitter campaign, with doxes and low IQ faq on how to liquidate whales. You thought gme wsb paid social media campaign was bad, wait for an organic attack

>>29102290
I don’t like seeing my hopes dashed.* Give $5,000 a link please

>>29102167
it did nothing redditors loved (and still love) it because it was centralized and backed by a major corporation

>>29093851
every time someone says "bitch" their IQ drops by one point you have been warned

>>29102374
How far from liquidation are you? Stalking whales .15% away from going bust