/biz/ - Business & Finance

can you guys do us all a favor? Stop posting speculations on what's being transferred around the blockchain. We just don't have the whole picture, and all you're doing is spreading rumors and causing anxiety among holders. I beg you to stop.

>>50161229
nexo is insolvent :v

>>50161229

go home nexo

>>50161229

>>50161229
Bancor is insolvent

shorting the ponzi before all their assets go into liquidation is their last chance

>>50161229
You again, do you post this on every thread that people are asking questions on?
Who do you work for?

>>50161229
How effective an indicator are replies to obvious trollposts like this at showing how retarded and deluded LINK holders have become? The fact they are literally larping with each other is up there with the most brainlet loser shit I've ever seen on any board. It's gotten so bad it's funny.

>>50161229
Reminder it's been proven in another thread (no I won't link it to check archives for Nexo + marketing + fud) that Nexo is renting out a bulgarian netcafe for the sole purpose of fudding. There is a netcafe somewhere in sofia filled with bulgarian organised crime types trying there best to make you sell LINK. Bulgarians are truly repulsive subhumans who have no sense of honour.

>>50161898
I can’t even cause market sentiment anymore from posts. I assume everyone is a bot and ignore

>>50161950
It fucks with my head because I think 'surely people are not this fucking retarded' but nothing surprises me anymore with the amount of pure shit in these threads. Surely it's more likely the replies are fucking around one way or another than that they actually believe that fp was earnest, but the desperation makes it seem they really do believe it. If the past 2 years as a baggie have been good for anything it's exposing how many fucking pseuds and retards hold LINK. Or something like that, idk, I just need to gtfo biz for good. It's beyond a shithole.

if anyone here ever questions if they are talking to bots on this site, let this threads reply’s above mine confirm your suspicions

>>50161229
i was born to speculate

They are shorting LINK. They also are shorting SNX. SNX has a lot less liquidity and some good fundamental reasons for mooning in terms of fees returned to holders. We can squeeze Mashinsky.

>>50161166
It's all Chainlink's fault. Think about it.

Chainlink was the single best performing global asset in 2019 and 2020, where it went from a ~150 rank to climbing up in the top 5 across a brutal bear market. And it did so by being carried by an organic community of retail investors and speculators, with a fairly distributed supply. In those couple of years, /biz/ was unironically the best performing hedge fund on planet earth, beating even the biggest Wall Street firms, all while being at the forefront of the nascent defi and smart contracts economy. And that left VC firms absolutely fuming with seething rage.

The VCs *MISSED* Chainlink, the core infrastructure of this financial revolution, while a bunch of anon nazi neets went all in. They plotted to get VC allocations for newer projects, artificially promoted and propped them up via heavy marketing and their corrupt networks of cefi players, all while using their powers to short Chainlink into oblivion. The psychological trauma and ego bruising they received from missing Chainlink made them so furious at retail, they became reckless and began over-leveraging to the tits and gambling funds in unproven ponzi farms, to recoup 2019-2020 losses and dominance, to ensure they could grow so big as whales that retail fishes could never succeed without them having their little VC premium.

The recklessness and greed caused by the seething led to 3AC backing a charlatan like Kwon and his unsafe scams, starting petty L1 wars for short-term narratives, over swallowing their pride and using their funds and connections to back Chainlink as the neutral middleware for long-term security and interoperability across the entire sector. Well now we're seeing the consequences of it, those greedy VCs have imploded spectacularly, and while LINK marines are battered and bruise from the fallout of their reckless actions, they are still alive, fighting the good fight. Enduring.

>>50161950
that is the correct way to use this board

>>50163821
Based and extremely accurate summary. It's very telling about the absolute state of VCs that most of them would still rather chase charlatan L1 dragons than just swallow their ego and go all in on LINK.

>>50161229
if you clarified exactly what you were doing there would be no need to speculate

>>50161166
HOLY SHIT 850K DUDE THAT'S LIKE HALF A DAY WORTH OF VOLUME IMAGINE THE SHORT SQUEEZE WAGMI BROS

>>50163821
Good post

>>50161166
link is low because it's a dead erc20 shitcoin that doesn't do anything well
whether some bankrupt guy is shorting or not it is irrelevant

>>50163777
With link, yes.

>>50161166
Celsius and Nexo, but yes.

>>50161898
>It's gotten so bad it's funny
Congratulations! Did the penny just drop?

>>50161166
And they are doing this with every altcoin they own from users too: ETH, MATIC, SNX, SUshi, BNT...
https://etherscan.io/tokentxns?a=0x76a05277b81b9ca6c06c9ab4136116fc53e9c9e1

Celsius is shorting the altcoin market to reduce their liquidation on their BTC vault.
https://oasis.app/25977#Overview

They are trading their user's asset to save their BTC hoping that altcoins will go down even more as BTC and will soon only own BTC.
This is why they dump on positive LINK news as they don't want the price to go up after shorting it.

They are hoping for a price dump, but they are the main selling pressure...
Hope is a bad trading strategy.
After their selling pressure disappears who would continue to keep selling?
That would be the best moment for a price markup after they have nothing left to sell.
They will just keep adding more losses by revenge trading their initial loss from 3AC.

>>50165424
>main selling pressure
>85mil LINK
Why don't you do the needful and check the daily CEX volume

>>50165438
fake bot trading is not the same thing as adding 10+ millions of token liquidity.
What Nexo and Celsius are doing is virtually adding 12 million tokens to the supply by selling what their users deposited on the platform.
They are virtually increasing the supply at more than x2 the rate at which Sergey was dumping last year.
Of course it would have an effect on the price, even more during a phase with low buying pressure and retail interest.

>>50161166
Doesn't shorting Link mean BUYING Link from others first?

>>50165438
And I almost forgot.
Nexo is not solvent.

>>50165478
they are now, each dump like this nets them 10 million

>>50165374
Are you trying to say something? Strike me like the average pleb pretending he has answers. Speak your point or shut the fuck up

>>50165473
they are playing both sides.
>dump btc by 1k
>short link
>collect
>buy bitcoin
>link pumps
>short link

over and over. white hats arent touching it since theyre all coordinating together

>>50163821
god take.

>>50163821
>>50164080
>>50165150
>>50166006
So how do the Bitcoin dumps on Chainlink news fit into this narrative?

>>50161898
>thinks everyone is posting sincerely and not 2-3 layers deep in irony
haha what? how new are you?

>>50165550
They didn't sell 100 million tokens at a high price as they never owned them.
However they had to buy back 400k Chainlink at a loss a few days ago because they were running low.
They are also trying to collect all the Chainlink dust they can find with things like this:
https://etherscan.io/tx/0x17acadd1c9cbfdee52c807208ecdc7030d0efb8ec4760455951cc67e3d747cb9
$2.43 ETH gas fees to recover 2.45 LINK.

Nexo is insolvent and their desperation shows.

>>50161166
It's possible to check here what they have left to dump:
https://etherscan.io/address/0x8aceab8167c80cb8b3de7fa6228b889bb1130ee8#tokentxns
They have 4.2 million LINK, 2.3 million SNX and 7-8k ETH on Aave for example

>>50161781
its not really, bancor will likely survive thanks to it being a DAO

>>50165473
They are selling the LINK of their users that they deposited on their platform.
They are shorting their users and displaying an incorrect token ownership on their platform.
For example the Matic token ownership should be displayed as 0 so that their customers can really understand the fuckery.
The Chainlink token ownership is 40% of the initial deposits.

If they know to be already bankrupt trading their customer's asset is illegal.
Even if they hide it it doesn't remove the criminal aspect of it.
That's why the CEO was trying to flee to Israel.

I'm sure it had nothing to do with hundreds of thousands of tokens dumped on the open market every weekend for a straight year

>>50161166
No! You Fucking company men will never get it will you? Link is Fucking SHIT! Pure. Shit. It's not the best in class in anything when compared to other coins.

>>50165424

Its especially bad for LINK as all the ither Cefi platforms have over exposed shorts on it along with some individual whakes we have on chain evidence of. Link will be an especially easy squeeze on them compared to the other alts which likely arent so over shorted by many parties, which is why they desperately dumped link on the robinhood pump a few days ago. They are likely extra terrified of a LINK pump as its probably one of their largest debts and over shorted assets. Considering the ceo of celsius worked so close with Sergey(stabbing him in the back) just to get inside information to protect his short positions and debts of link all last year definitely adds weight to this.

Why some whale hasnt counter traded them all yet is beyond me. If a bunch of autists on here have figured this out some big dicks with funds surely must have access to even better information and be able to make free cash squeezing them.

I mean look how desperate even NEXO are who are DEFINITELY exposed on Link right now with plenty of proof.

>>50166056
salty bitcoin whales

>>50167754
what would happen to the market if link pumped and rekt all these greedy retards?

>>50165467

The thing is as they blow their loads someone else is taking them off market and away from finicky retail too(who are the origin if those tokens). Celsius and nexo along with the okex fag and whoever else amassed link debt over the past year needs to buy them back eventually and if you already dumped the most retarded of retail lefts tokens(other retail holders got liquidated or sold long ago, leaving just cold wallet ogs) who were giving them out on cefi there isnt anyone left. Other whales or of retail are buying them. How are these shorters gonna get the liquidity to buy back?

>>50163821

>>50167804

Well we’re looking at over a year of debt being liquidated if that happens. They definitely got cocky and have amassed a lot of link debt over an entire year. We could see a collective liquidation for about 35-75 MILLION LINK tokens having to be purchased as they cascade liquidate. Plenty of this is naked shorts with Defi which means it will liquidate no matter what, and plenty more is naked on CEX which is also auto liquidated like anyone else.

Only a few agreement type loans wont be force liquidated immediately but will still mean either bankruptcy or buying to cover obligations.

>>50167917
Ok, how do we make this happen. Our fucking future could be decided by this. Enough is enough and they rat Mashinsky needs to suffer.

>>50167970

Keep spreading it and tell people to fucking withdraw from NEXO in particular. When Nexo who are already insolvent have to lock withdrawals it will definitely cause something to break and once one breaks the cascade cant be stopped.

Nexo could theoretically countery trade the others but it’s unlikely because they have a lot of link debt themselves and constantly increasing pressure from users withdrawals. It’s unlikely to be possible for them to unwind their shorts and link debt let alone build a position to squeeze the ones they have been colluding with for over a year

>>50167917
what happens in the case of bankruptcy? Crash?
Its a shame people cant all remove link from exchanges at once like in.. early 2018? I vaguely remember everyone doing it to binance when they expected foul play

>>50161166
two more weeks!!!!!

>>50167812
Some of them don't need to get it back after declaring bankruptcy.
Nexo and Celsius don't have to buy it back and will just leave their customers with nothing as they rot in a prison cell for shorting their customer's asset after hiding a bankruptcy and revenge trading.
Their customers will have to buy it back with fomo instead and will go full leverage with loans and everything to prevent a suicide from missing out.
This could create a strong fomo buying spree from people getting scammed by CeFi as they try to recover their tokens on the market.

The Aave user will be forced to buy back those tokens, and the hidden leveraged shorts since last year will cause exchange bankruptcies and big holes in the surviving exchanges taking a part in this who will be forced to buy back after liquidating the debt.

>>50167754
I think Robinhood is playing the long game with FTX as its CEO seems to be connected to the WEF.
Sam profits from platforms going bankrupt as he can buy some back for nothing.

The best strategy for whales is to keep prices low to accumulate for a cheap price and keep the short sellers confident enough to keep selling because they think it can still work out.
Even if the price went lower it would not invalidate this strategy for the whales as only liquidity matters to them and not the price this month.
The markup will only start after CeFi platforms have sold everything they have and there is no liquidity left.

“Never interrupt your enemy when he is making a mistake.”
― Napoleon Bonaparte

>>50167804
What a stupid! What a stupid Fucking question!

What would happen if Ukraine unleashed Pegasus Calvary against Russian troops? You might as well ask that, that's how stupid your question is.

>>50170177
What would happen if Ukraine unleashed Pegasus Calvary against Russian troops?

https://twitter.com/chainlink/status/1544305093100675074
This could be fun.

>>50161229
youre gonna lose everything

>>50161229
https://twitter.com/CumberlandSays/status/1544266472268173314
Off-chain accounting is the poison that has been holding crypto back and keeps poisoning it.
The sooner they all go bankrupt and the sooner things can recover.

Everyone can help by removing liquidity from everywhere and most specifically from every CeFi, and then exchanges.

Wait are you still heavy on that cope juice?
Kys cultist, this is now an API3 thread lanky

>>50161166
no. link being a shitcoin is the reason anon.

>>50172406
API3 token not needed

>>50161898
I knew LINK was dead shit for the foreseeable future when the baggies got desperate enough to try to turn it into le epic short-squeeze. Sad sight, its dropped significantly since then.

>>50163821
>In those couple of years, /biz/ was unironically the best performing hedge fund on planet earth, beating even the biggest Wall Street firms
Which was a good indicator to sell, as /biz/ is not even remotely as intelligent as those groups, and far outperformed its capabilities. Also, hedge funds aren't judged by 2-year timeframes.

I'm trying to figure out the type of person that would still hold any Link at this point. Like not only are you trying to catch a falling anchor, but you are trying to air swim faster down with it.

>>50167754
>Why some whale hasnt counter traded them all yet is beyond me.
Because there is zero proof anyone is shorting LINK beyond seeing the tokens move from a platform to another platform. Beyond that, its pure midwit speculation and theorycrafting, without objective proof. 4chan, about 4-5 years ago, turned away from objective certainties to a dot-connecting schizo approach which is why the boards have went from always right, to always wrong. Inb4 cope

>>50163821
well they fucked up on that too, this current price action only made more nazi frog posters accumulated more link at their expense
so that makes them doubly fucked

>>50161166
>is this thing, not the actual long term potential of the token why my token is so low?
No.

>>50161166
link is the reason link is so fucking low

>>50161166
Celsius gotta make their money back.

>>50161229
No.

Attention all Nexus, Celsius and Bancor whales:

The Great Reset has come at a crossroads with humanity. We can not allow the WEF & the young globohomo leaders to manipulate the markets any longer with their fake wars and gay market crashes. In order for the Golden Bullrun to resume, Chainlink(ticker: LINK) needs to be destroyed.
/biz will declare WAR on Chainlink next week and send globohomo a message.
You heard it here first. Linkies will be financially exterminated. Participation is mandatory btw, proof of short will be required to post on /biz. I repeat everybody will have to participate.

Spread the word and prepare your shorts. It's finally happening... The Great Short is upon us lads.

>>50173640
You are just bad at filtering information

>>50161229
absolutely not, seethe

>>50173630
This axiom probably sounds better in Bulgarian

>>50174150
>t. Unable to provide objective proof
bleed nigger

>>50161898
it's so easy to spot the nexo employees, how's Bulgaria this time of year?

>>50174345
Maйкa ти плyвa дa пocpeщнe pycкитe вoeнни кopaби