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/biz/ - Business & Finance


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49821356 No.49821356 [Reply] [Original]

You guys remember the the chainlink NEXO/zeus capital/bulgarians situation?
People at the time called them schizos.. Well.... In this video dropped yesterday,

https://youtu.be/B2mVaPFFdoE
52:00
Guy from bancor clearly states that "Cefi platforms use user deposits to short chainlink"
>mfw all of it was true all along
Link price suppression is now 100% confirmed and fact checked.
Now we know why links price action has been so fucked, the question is what will we do about it?
Enter: the link short squeeze
Basically if the chain link price reaches .008 - .009 then all of these people whove been shorting link will get liquidated and got bankrupt, the cefi platforms are all extremely overleveraged and celsius was just the tip of the iceberg

>> No.49821431

>>49821356
Based, I bought some more linkies! I'm doing my part

>> No.49821503

>>49821356
>People at the time called them schizos
How don't you get it yet? No one called you a schizo for saying the blatant truth but a paid Nexo/BlockFi/Celsius bot.

Notice how all the relentless FUD stopped abruptly at the same exact time all these scammy CeFi platforms got fucked? No more 24/7 google image chainlink logo FUD threads at all times in the catalog, I wonder why

>> No.49821577

>>49821503
Now that i think about it I havent even seen schwab anon posting as much now... Was he working for them?

>> No.49821673
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49821673

>>49821577
Been busy making bulgarian moonshine.

>> No.49821813

>>49821356
is LINK going to be the catalyst that destroys traditional finance?

>> No.49821843
File: 161 KB, 1240x1234, EsM28QbW8AIAEw5.jpg [View same] [iqdb] [saucenao] [google]
49821843

>>49821356
>Linkbros were completely right

>> No.49821845

>>49821813
link is an entirely new class of financial product

>> No.49821915

>>49821673
Keep the fud coming.
I was actually here when eth was 5$, and i can say that it had very similar amounts of fud.
Nobody even bothers to waste their time fudding shitcoins

>> No.49822218

>>49821843
I guess the Bancor head of research is a conspiracy theorist then lmao

>> No.49822292

>>49821915
Unironically yes. Target for October 2023 is $40, what’s yours my nigger banchod?

>> No.49822324

>>49821356
What’s stopping (((them))) from closing their shorts to avoid getting fucked?

>> No.49822416

>>49822292
That is pointless, nobody knows
Somewhere between 1$-1000$

>> No.49822433

>everyone who hurt me will suffer + i will be rich
i like this narrative it really makes the dopamine flow

>> No.49822444

>>49822324
their egos

>> No.49822460

>>49822324
I think theyre already at a loss since link pumped in eth,
They are trying to get their money back because they have to keep paying out apy to their customers and are at extreme risk of insolvency.

In the original thread this was discovered, one of the wallets which was doing this closed his position a few hours after anons found out. They are at varying levels of loss.

>> No.49822468

>>49821813
Someone find that ss of the claimed time traveler bag... wasn't link one of those?

>> No.49822489

>>49822468
81000
1
0
0
0

>> No.49822761

>>49821356
>if the chain link price reaches .008 - .009
if...

>> No.49822898
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49822898

>>49821356
It's true. All of it.

>> No.49822902

>>49822761
Link is about to release its most important update, meanwhile eth is falling apart and their merge keeps being postponed.

Basically what a lot of the cefis were doing was taking customers eth and locking it up for the stETH yield, but they didnt count on eth being delayed, it was already supposed to be upgraded by now. The stEth depeg fucked them over even more,
Since eth was the most popular hold of all these cefis and ponzi coins that are now all going bankrupt, there is big sell pressure on ETH, thats why its dumped so much.
Link seems to be pretty bottomed out, everyone who was gonna sell has sold by now, and everyone else is holding

>> No.49823065

>>49822902
Do you think it can reach ATH in USD this year? Would you sell going up to diversify if your overexposed to Link or hold Link no matter what and just do staking?

>> No.49823519

>>49823065
Not him but I'm based so listen to me Yes new ATH this year is possible. Diversification makes no sense when you already have the winning horse.

>> No.49823641

>>49821813
The alpha and the omega

>> No.49823901

>>49823519
based.
What if you want to retire at some point, sell or just stake? 90% fall if its life changing money is hard.

>> No.49824029

>>49823519
>ATH this year is possible
with a recession? lol

>> No.49824094

>>49823901
I'm down 2 million from my ATH brah it's fine. If you don't have a job then gradually cash out enough to live until you can earn a decent living from staking. Once staking is out the hype bull bear cycle bullshit will be largely tempered because Link is now an asset that generates profit. The rest of the market can do what it wants.

>> No.49824100

i knew it was those smelly parsiq fartshitters

>> No.49824227

>>49824094
based, hope to retire sooner than later with this bs.

>> No.49824233

>>49824029
bear market coin, sweetie

>> No.49824252
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49824252

>>49821356

>> No.49824331
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49824331

>>49824227
We're all gonna make it brah

>> No.49824359

>>49822292
>target for october 2040 is $23
ftfy

>> No.49824483

>>49824233
retard

>> No.49825270

>>49823065
It really doesnt matter what I think anon, any number quoted by anyone is just pulled out of their ass. Literally nobody knows about the future price.
Just look at a long term chart of any successful crypto, theres a specific cycle of parabolic rise and then long correction, this keeps happening over and over, and the successful coins have higher prices each cycle.
Happens with stocks and everything.

As for diversifying, during the bullrun in diversified some link but most of the alts fucked themselves more so it would of been better to just stay in link.
In the future I will only diversify into btc, cash and gold, only small amounts into new alts to gamble, because by this point theres almost 20k different alts and its getting saturated, new shitcoins are made daily and its hard to keep track of them all so its basically just gambling to me rather then investing