/biz/ - Business & Finance

it will be ready when it's ready. i don't care what happens in the interim. dump it and I'll buy the liquidity if I happen to have cash lying around

>>53053611
>you know link is going to 2 dollars right
You state this like it's a bad thing, link under 10 is already a no-risk investment, but link at 2 or even under is stealing.

>>53053611
The sentiment is absolutely horrible and everyone is bearish even at $5. Really seems like it would be the bottom in any other economic environment but there is just so much fear in markets in general. I just can't bear to buy anymore, every time I do I just lose more money. I will not ever sell though. A drop to $2 would be fucking unbelievable, I want to say I would go all in but I probably wouldn't.

>>53053649
I mean yeah I get that it's a buying opportunity and I've started buying in this gay range links been in but ffs this bear market is taking forever, every single indicator save a couple I have for cycles has hit and it seems like we're going to be bearish way longer. I guess my cycle TA was done in the context of a 50 year trad market bull run so it may be pointless but Jesus h Christ I just have a bad feeling like we're going into a global depression or something. Or I'm wrong and this IS the bottom. I just don't know anymore

>>53053668
>I want to say I would go all in but I probably wouldn't.
Dude same, I'll have to force myself to hit the buy button at that point. How fucked is it that I'm more comfortable buying at 6 than at 2 or whatever. Fuck this gay earth

>>53053679
How long do you think the bear will last? Link's best performance came during a bear/crab market.

I'll give you a couple of answers I've filtered over the years to be true, from the few times I've gotten a fudder in a rare moment of clarity:

1) Turbo autists who figured out the need for externally connected smart contracts very quickly, and who now seethe at the entire world for failing to understand it like they do. Chainlink is sort of like a metaphor for their general inability to integrate with society, where they are rational and right and it's the world's fault it's so irrational and dumb..
These people fud because in their mind the world should have figured out LINK in 2019 at the absolute latest, but failed to, and so they'll seethe and rage at everyone and everything as a way to express this frustration.

2) People who had LINK stacks but lost them swinging, or gambling, or in a CeFi collapse, or who simply got fudded out of LINK back in 2018 and have been furious ever since. They will never buy LINK because they can't buy it at $0.30 like they had the chance to back then, and then basically rage at people continuing to hold because "if I can't make it then neither can you"

3) People who try to profit off taking an oppositional position to LINK. Usually grifters like the CLCG/Honeycomb/API3 guys, or NEXO, who are charlatan fraudsters and basically parasitic animals to Chainlink just like there are many fraudster teams that are parasitic animals to ETH. They fud because muddying the waters about Chainlink lets them shill themselves, it doesn't go much deeper than that.

4) The seriously mentally ill, like Michael, who also fits in category 2) but has now made a large part of his online identity "being a link fudder" and can't really distance themselves from that because it's the only way they can consistently get attention online, which they crave

>>53053702
Honestly I thought it would have ended in the last two months based on a few things, length to halving being one of them that's been Uber reliable in the past. I couldn't even guess at this point since to me, were in uncharted waters now that we're past where we historically bottom on a time based capitulation thesis and that the macro is so fucking awful.

>>53053611
dr
ns

>>53053723
>have ended in the last two months
It would have if it wasn't for the FTX collapse. Link broke both btc and eth downtrends and was outperforming the market until the FTX fiasco.

>>53053611
>link fud thread #11632
oh no, what ever will we do

>>53053723
Like look at this shit. That's the 200ma for spx. If it doesn't bounce here or just scam wick on some black swan like covid then what? Either we get an insanely long crab market or the 50 year bull turns bear. Either way spells fucking death for risk assets and crypto IS risk whether you want to believe it or not. Housing is ridiculously unaffordable, stocks are fucking obviously inflated to hell and back, what's going to save us? The hope that the government can kick the can down the road by printing more helicopter money? Fat chance, rates are fucked, yields are showing reversal signs after a 50 year bear run and inflations at what like 8 percent or some shit? (((Jesus Christ)))

>>53053768
You're probably right, that last range for btc before ftx looked great, the link pairs looked great but see >>53053798 I think crypto before ftx was primed at that point for a decently large dead cat bounce at the least.

>>53053798
>government can kick the can down the road by printing more helicopter money
Correct, as long as the USD is the world reserve currency, money printing will be the norm.

>>53053827
So I've been thinking about this a lot lately. Seems to me that the Saudis are primed to turn their back on the US and that the Petro dollar as a result is threatened. The Saudis are also showing interest in BRICS. Could it be that theyll strike a similar deal with BRICS as they did with the US? Namely, military aid and defense in exchange for only taking BRICS currency for their oil? The BRICS reserve currency proposal looks like it'll be backed by gold, commodities and a basket of member states local currency. Could be that they do that, the Saudis are also known to have an affinity for gold and if you check lyn Alden's twitter she has a graph showing that central banks across the globe have accumulated gold back to the same levels as when the world got off the gold standard. So it seems to me like central banks are preparing for something and that something could very well be a massive shift in global monetary policy. So what does this mean? Can the fed kick the can down the road? If it's what it seems like then maybe one more print job is in the cards but idk

I keep buying all the way down.

>>53053938
>So what does this mean?
Jews are preparing to use USA investors as exit liquidity and sit on the sidelines until the new reserve currency takes its place, then buy in with gold. This will be roughly the 3rd time its happened in several hundred years. We are about to witness history.
Let the demise of this nigger-faggot nation be a lesson to history: do not trust jews with anything.

>>53053798
>the government can kick the can down the road
it will

>>53056010
That's what I suspect. I've started buying physical metals to hedge against this scenario. How do I profit from this (not die from domestic turmoil) food guns ammo gold are the obvious choice but am I overlooking anything? What kind of time horizon do you think this will take place over

>>53053611
PEPL to $2