/biz/ - Business & Finance

>>51427298
everything is

why would anyone accumulate a dead 2017 altcoin?

>>51427355
Checked. Unironically bought another hundred today

>>51427355
if you accumulated doge you would have made it already retard
>chainlink is not like doge
i know it's more valuable

>>51427298
>Chainlink is in an accumulation pattern

Zoom out.

>>51427360
bragging about buying a 100
what has biz come too, but i'll admit still better than nothing at all

>>51427298
By which you mean the price is down again?

>>51427298
Yes it is

I fud4fun ever since early 2021 when biz was sick and it was a beat-em-join-em decision. I can't even deny I'm optimistic finally about the next 12mos. Hope we see $100 by end of '23

>>51427298

>>51427745
>zoom out

But if I do that it looks like any other failed shit coin…

>>51430644
>But if I do that it looks like any other failed shit coin…

Steady lads, deploying more redpills to linktards.

>>51429147
I remember when I got called bulgarian for saying $100 was the max we'd see in 2021 lmao. Honestly a fucking emotional community.

>>51429078
You do realize people buy weekly? 400 LINK a month is a decent accumulation rate.

>>51431794
>Bulgarians are an emotional community
I've never met one. What are they emotional about?

>>51430644
checked and true

>>51429147
I'd be happy to even see double digits again at this point. This market has been fucking brutal for what feels like forever with no end in sight.

>>51427298
Just checked and it's not really.

It looks pretty ambivalent and link doesn't tend to hide accumulation zones.

>>51431794
You are saying this like this isn't every other fucking community on the internet lmao. Profound insight anon. Try telling animu fags that waifu#5432 isn't top waifu and see what happens.

>>51432089
>It looks pretty ambivalent and link doesn't tend to hide accumulation zones.
We've been in a pretty tight range for more than 4 months.

>>51427298
Exactly.
Chainlink (team) is in dollar accumulation patter since ICO.

>>51432177
so has the rest of the market
is the entire market in accumulation phase?

I’ve forgotten everything about link

Smart contracts, sure that’s cool but what gives the tokens intrinsic value? Do they have utility?

Just checked the max range chart, wtf happened? I bought and sold link in 2021, what’s fucking decimated its value so much?

>>51432259
its collateral

>>51432245
Possibly. Aren't you accumulating?

>>51430644
Lmao yeah

>>51431841
>>51427360
>>51429078
>tfw 100k lpl don't even need to buy link to accumulate

>>51432259
Okay, so basically LINK tokens have value because you will soon be able to stake them to earn more LINK tokens which are valuable because you can stake them to earn more LINK tokens which you can use to stake more LINK tokens. That is why the LINK token is valuable.

>>51427298
And by that you mean death spiral.

>>51432766
Well said.

The market has decided Chainlink isn't worth anything. Even some of the biggest crypto influencers like Coin Bureau have sold their LINK

>>51432038
Its been especially brutal compared to last cycle, where it took 6 months from top to bottom. This time it was a year, considering link and most alts saw their true top in May '21. That said, if link does continue to run while bitcoin and the rest of the market is stagnant in true bear market coin fashion, expect to see us back to previous ath somewhere between December of this year and May of next, with a parabolic run against the market in 2024. If staking 1.0 and ccip are released and functional by then and tradfi is actually utilizing the network, unironically never sell, otherwise 2024 is time to take profits.

>>51427298
For 5 fucking years. You would think they would own it all already

I’ve been accumulating I finally got to 3k LINK a true linklet

>>51433672
Chico sold his NEO before it rebounded from $3 to over $120. Influencers can be fucking retarded, especially when they aren't bought and paid for and are left to their own devices.

The best use for influencers is in choreographing what their followers will do and thus how whales are going to either cheaply accumulate or take profit against that movement.

>>51433672
i suspect he sold on moral grounds rather than economic. i disagree with his decision because even if he is against the great reset ideologically, game theory would reveal the best decision is to buy because if you cant stop your enemy it would be acceptable that his efforts also enrich yourself

>>51427298

this chainlink token is finna burst rn fr fr no cap

check the 1 min chart!

>>51432177
Which could equally be distribution or obviously even just an undecided market. I think looking at the accumulation indicator there it's the latter.

Of interest would be how it's doing against BTC and ETH. If it's dropped since may i would say we're actually seeing distribution, and vice versa.

>>51434600
*just went and looked - tentatively it's been rising against ETH and BTC since may. Not particularly strongly but it's a slight suggestion of accumulation.

So i think it's a generally unsure market leaning slightly towards buying.

tradfi won't come in 2024, smart contracts tradfi is a 10 years dream. We could see 200$ when the final version of staking arrives and everyone is able to stake, so not in September

tradfi won't come in 2024, smart contracts tradfi is a 10 years dream. We could see 200$ when the final version of staking arrives and everyone is able to stake, so not in September

>>51434792
>>51434879

Today is the beginning of the eluesinian mysteries where ancient Greeks would celebrate Persephones return from the underworld and the annual period of rebirth and growth. The next four months are mythologically significant for the chainlink token.

>>51435024
hory shet. my body is ready

>>51427298
tHe tOken IS NEedED, ok?

>>51432520
Unironically if Linkpool gets 5% of the network emission rewards, that's 15k LINK for free.
1% gets you 3k LINK which is going to be more than most big boy nulinkies will have anyway, wow.

>>51432520
This.

>>51436047
Quiet impressive anon; well done.

>>51433672
that's literally a bottom signal, like an inverse shoeshine boy. if shills and their retarded npc followers have sold, who else is left to sell?

>>51427298
Now i not the time to talk about chainlink anon.
Only coins that should be discussed right now are ETH and MATIC as they are reshaping web3 as we know it.

>>51434643
>>51434600
wow thanks for the brilliant insights Einstein