/biz/ - Business & Finance

>>6691870
>has this just devolved into a swing trade coin for day traders
yeah, just like ANS did.

This is a very mature thread, please post in it.

>>6691870
>Too many HODLers.
Its hard to expect anything because most other coins are in a sideways market right now. If you see the distribution of people who hold the currency, you will notice that the top few hold more than 90%. There is clearly serious concentration. Also a lot of manipulation by whales.I think it is price suppression and accumulation but i feel like we will see real swings in price only when major events take place. Also, the overall crypto activity has dropped since the crash. I guess HODling/accumulating is the best option for now . I feel the max return we could expect would be a 40x. That would technically put it on par with a Mcap equal to NEO which is something similar. So that would imply a price of $25. This is probably my least conservative estimate. my Most conservative estimate would be less than $10. The idiots screaming 1k USD have no clue about shit. As you said, the volume just isnt there atm.

>>6692085
>ANS
... you mean NEO?

Hope you like sharing your links with this roastie.

>>6692135
This a very optimistic post.

Just to get some perspective, how are you viewing the future of BTC then?

The global derivative market is somewhere between $0.6 quadrillion to $1.4 quardrillion big for which the LINK tken will serve as an exchange medium.

Assuming no LINKs are used for nodes or anything and all supply is in circulation but there is no compeditor then the market cap of LINK and the derivativemarket should be equal.

thus 1 LINK will be worth around $3 to $3.5 million

>>6692284
Remember when ZOG assassinated Paul Walker to cover up selling guns to beaners?

>>6692284
Very expert analysis

>>6692188
I personally see BTC and cryptos in general as a whole new asset class and not merely a currency.
My reasons include:
>People "value" it like equity
>Trades like a currency
>Returns blow hedge funds out of the water
>Volatility is beyond anything any other asset class has seen

If this is true then most large funds are going to want a piece of the action and they would definitely use it mainly because of its diversification benefits and relatively low correlation with other asset classes.

As for the future, I think it is going to grow. For perspective the global swaps market is 400 Trillion USD as opposed to Cryptos in general which is sub 600B USD.
There is major potential for growth and I still feel like we are in the infant stages of this. I would like to be a value investor in this world of cryptos where everyone is speculating and day trading. I think the best course of action would be to DYOR intelligently and bravely.

>>6691870
The handle for the cup is forming as we speak, volume is supposed to go down.

>>6692402
What are the implications of this?

>>6692427
MOON!!

>>6692427
Google "cup and handle".

>>6692484
2EZ4RTZ

>>6692377
Good post.

>>6692402

bouta start calling it a milk and oreo formation. finna stash my oreo on that handle and i be dunkin.

>>6692597
Word.

CHAINLINK MOON MISSION NOT LOOKING GOOD
>>6691252

>>6692284
>somewhere between $0.6 quadrillion to $1.4 quardrillion big

>>6692427
$2.00 LINK

>>6692677
That is not weird because Derivatives have 2 counterparties so at any point, the value of the contract is going to swing between the long or the short party. By saying 1.4 to 0.6 he implies that there is a +/- 400 Quad value. Not sure about the accuracy of the numbers though.

>>6692597
>welcome to gamestop

Isn't this getting listed on a Korean exchange tonight?

What will happen to the price

>>6692844
A Chinese one, Huobi.
It's among the biggest by daily volume.

>What will happen to the price
It's been dumping for a few hours now.

>>6692629
lmao @ the number of times this and worse has happened to me with crazy ship designs god damn that game owns

link will die soon

>>6692284
>This is your brain on too much FOMO

>>6691870
This is, indeed, a swing trade coin while there are no milestones in a near time frame. After every little milestone reached there will be a pump, which will stablish a new volume standard and a higher floor.

You can profit in the short term but also in the long term with Chainlink. There is more profitable coins in the short term though, but you risk missing the price singularity.

>>6692844
Need more answers

>>6692810
I died, thank you anon

>>6693244
More volume more Pump. But wont be a moon mission for sure.

>>6692284
Kek

>>6693244
Look at the chart, it's been dumping for about five hours straight.
Apparently getting listed on big exchanges is very bad now.

>>6692350
>operation fast and furious

>>6693682
Correct.

>>6692284
LMAOOOOOO

>>6693455
Thank you, should i sell 75% now or hold?

>>6694045
you should light a candle for paul walker.

>>6692962
What game??

>>6694130
get the fuck off my board reddit

>>6691870
>realism
And there is that word again. Fuck off normie

>>6694264
Dealing with reality is hard isnt it kiddo?

>>6694152
Never really used reddit and have sadly been here longer than you most likely. So go fuck yourself newfag

Minimum 100$, that is realism

>>6694312
the siren call of the newfaggot

>>6694130
it's star citizen, ignoramus.

Chainlinks value in order for it to be useful has to be around 1 USD. Sorry linkies, but its true.

>>6691870
Holy shit I love this coin. First everyone ignores that the last commit on their actual code is from November 2017 and now their github is down entirely.

https://github.com/smartcontractkit/chainlink/commits/master

It's an absolute meme by now. Funny thing is that even I hold around 600 of those fuckers just for the lulz.

>>6691870
lol guess what this is a meme coin

>>6692844
Deposits open on Huobi today. Trading will start in 2 days.

Daily volume is about $1.4B. Which is $400M higher than Bittrex.

>>6694152
Fucking manchild. Stop playing video games and read a whitepaper or something

>>6694399
It'll cost millions to run a real node. This is unlikely.

>>6694354
If only I was

>>6694358
Cheers mate

>>6694424
>>6694403
>>6694399
The FUD bots are here guys.

>>6694440
project onto an anonymous series of posts more you dumb bitch

>>6694045
Stupid shit like this dump are exactly why I don't day trade Link.
I just hodl.

>>6694487
Um no sweetie, its called reality.

we'll be on 2 of the top 10 exchanges in volume soon. looking good into the future with conferences, testnet, mainnet and marketing director after mainnet

>>6694433
anyone monitoring wallets to see how much link is being transferred to this gook exchange? currently it's 6th largest exchange by volume.

>>6694686
Are they going to market ChainLink or LINK?

>>6694487
Can you tell me in what way my post is FUD? It's the main chainlink github. There's another one called chainlink-ruby, but also this one has seen no activity at all since November 2017.

https://github.com/smartcontractkit/chainlink-ruby/commits/master

>>6694699
>324x200

>>6694130
Kerbal space program.

Chad O'Fork has just landed on Minmus.

>>6692135
>the top few hold more than 90%
To be fair, this is the case with pretty much every token. Subtract the developers' holdings and the distribution looks better.

>>6694776
Yea i was unaware of this. Like I have seen promoter stake in firms at 50-60% which is a healthy range but 90% is actually seen as a bad thing. Then again, I was comparing this to equity shareholder metrics. I am sure crypto is very different.

how much should i put into this in % realistically ?

>>6694898
As much as you can afford to lose.

>>6694711
If you want an idea of how much LINK will be traded there, look at REQ.

It'll be a nice increase in volume, and will lead to stabilization, but I doubt a moon is coming because of this.

>>6694898
50%

>>6694898
A good amount. It has a decent upside. Finding a reasonable estimate is hard because the implications of it when it takes off are really hard to gauge. If you are brave go 100% because this is not a scamcoin. If you want to be cautious go for something less. But make sure that this is in your top 3 atleast.

>>6694713
> Are they going to market Ethereum or ETH?

>>6692377
>DYOR intelligently and bravely
>bravely
>brave
You heard it guys, acquire BAT!

>>6694898
If you are an impatient cunt with ADHD who needs the devs to shill you on Twitter daily, 0%.

If you understand the importance of patience, 30-60% of your folio.

>>6694686
Where are you getting the exchange volume rankings?
According to this https://coinmarketcap.com/exchanges/volume/24-hour/all/ we're already on #2 binance and #4 OKex. Huobi is $6
Forgive me if I am mistaken

>>6695019
>>6695019
They are 2 different things bruv. LINK is the coin and ChainLink is the name of the project including the crypto. What I meant was whether its going to be like TRX where its all about the coin or they are going to market the project that the coin backs.

>>6694699
good image but needs to be bigger

Till what point are you guys going to accumulate? Will you stop accumulating once it crosses 1$?

>>6695147
They will market ChainLink, whats the point of marketing a token?
By marketing CL you're marketing LINK
By marketing LINK (without the product itself) you're a money grabber

>>6695147
retard

>>6691870
>>6692096
>>6692135
>>6692188

mmm yes very erudite and sober analysis sir

>>6695185
I'm done accumulating. 100k LINK was my goal.

Feels sort of weird not having to spend 8 hours a day talking about backpacking in Polynesia, nail salons, meth heads and Json Parsers.

>>6695269
What if I am actually a pajeet? Would you still believe me?

>>6694986
that's reasonable. i imagine huobi and binance have the same customer base, more or less. i think the timing of their listing is curious though; probably in preparation of initial implementation. i think huobi and buyers there will want to accumulate as much as they can before the super conference so i don't expect it to make the price increase much.

>>6692135

>I feel the max return we could expect would be a 40x. That would technically put it on par with a Mcap equal to NEO which is something similar

That alone is proof that /nubiz/ is actually retarded. The fact that nobody has called you out for that is proof.

>>6695185
yes. i'm just praying to satan it stays down for a few more weeks so i can dump all this icx and double my stinky stack

>>6695327
It may take more time till people get a hold of this coin and over that some more time for research and major whales to accumulate. We may have a decent runway boiis.

>>6695361
>praying to satan

>>6695352
And what is your argument exactly big boii?

>>6695352
no. the old way is to ignore stupid shit. responding to every shitpost is new behavior and always has been. comparing chainlink to neo is obvious bait.

>>6691870
Yeah I'm sure it will never ever go up again not even when the mainnet is released and people are staking nodes and it definitely won't go up during the bitcoin superconfrence. Why even buy anymore?

>>6695323

i wouldn't believe you either way

what happens to link's price when the crypto market cap increases from ~600 billion to 1 trillion? 3 trillion? 10 trillion?

>>6695352
this is the preferred method of financial analysis for crypto brainlets. "well tron is worth X so this could easily go to Y" even when the 2 are completely unrelated

>>6695562
>what happens to link's price when the crypto market cap increases from ~600 billion to 1 trillion?

Depends on about a hundred factors. Could be $10, could be $50, could be $100. Anyone who tries to predict the price at this point in time needs a neckshot.

All we know is that the project has extreme potential. Patience is a virtue.

>>6695562
>t. Brainlet
the number of factors that will influence that are more than the number of dads you have.

>>6692402
>meme lines
you do realize TA is basically astrology right?

>>6695931
Sometimes yes, sometimes no.
Wanna fight about it faggot?

>>6695789

lol eat a dick ya fuckin weenie

> I feel the max return we could expect would be a 40x. That would technically put it on par with a Mcap equal to NEO which is something similar. So that would imply a price of $25. This is probably my least conservative estimate.

putting a ceiling figure like this on link with static figures where nothing changes is dog shit stupid

Did you not see the fuckin Jason Parser rumours

>>6696145

>what is an estimate?
Amirite?

Has anyone know Huobois wallets? I don't have an account there so I've never cared to look.

>>6696281

Wow I apologize for that awful pajeet grammar.

People are stocking up on “blue chips” right now. The shitcoin market is dead until big gains happen again.

>>6695449

>responding to every shitpost is new behavior and always has been
>new behavior and always has been
>new behavior
>and always has been

poorfag here
bought my first ever 200 linkies, hope you're proud of me biz.

>>6696316
Now, apologize for shitting on the street.

>>6696255

>what is an estimate arrived at via a retarded methodology that makes all the wrong assumptions

ok

>>6696667
Lets hear your wisdom big guy

last 2 digits is how many times the current value link will be by summer
dubs and it crashes to $0.2 never to rise again

>>6696667
>Retarded methodology
Google relative valuation you delusional brainlet.

>>6696732

my wisdom is that putting a ceiling figure on link is misguided. just focus on the fundamentals and how big of a lead it has over its competitors and it becomes clear it's a long term winner in a way we cannot quantify in a meaningful way. owning link is like owning petroleum fields as the industrial revolution is kicking off

a good heuristic: anyone putting a ceiling figure on link rather than a floor figure should be ignored

>>6696003
>you do realize TA is basically astrology right?
>Sometimes yes, sometimes no.

>>6697439
>Refutes ceiling figures
>talks about using heuristics
Hahahaha

>>6696531
jesus christ i seriously cant take any more of these fucking brainlet memes, i cant stop laughing whenever i see somebody post these fucking things in a thread with some funny ass comment to go with

>>6697615

>a good heuristic is the same thing as a bad heuristic

time to stop posting

>>6691870
Don't expect much change till mainnet, the normies are still investing in TRON or whatever
You will have a lot of time to accumulate

>>6695352
This. Pseudo-Marketcap is not a meme

>>6697765

Welcome to Paradise, faggot.

>>6695317
Don't talk about Jacer Parson like that

>>6698209
me on the left

>>6692135

>>6697609
>TA doesn't influence people or ever come true

>>6692484
lol win a TI before u speak

>>6695317
I've stopped accumulating 6 weeks ago.
Still post shit about chainlink because I think it's hillarious and I got addicted to it.

>>6693455
No one is dumping. There are fake sell walls, that drive the price down.
Some retarded whales are trying to suppress it.

>>6699603
Yeah well, by now it's been dumping for 8 hours straight.

>>6699633
Not much coins are being actually sold. Look at the trade volume. It's not a dump, it's price suppression with fake sell orders.

>>6699633
Price fluctuates retard

>>6695931
you're retarded

>>6699633
Everything is down because of Bitcorn, you fucking idiot. LINK is one of the few of CMCs top 100 that is still in the green.

>>6700211
Except over those eight hours, Link dropped about 7 or 8 ranks.

>>6700225
oh noooooo, everyone sell their linkies!! Women and children first!!

>>6692171
jesus that pathetic beta trying to have anything in common

>>6700225
why don't you just sell then
fucking absolute retard please kill yourself

>>6692284
>1 LINK will be worth around $3 to $3.5 million
I wish. My fucking sides though.

An argument could be made for maybe 1,000 or 10 k at an absolute massive push but 3 million lmfao

>>6700531
>an absolute massive push
it's called hyper-inflation

>>6700356
she replied to him

>>6700644
hes getting it in tonight bois!

>>6700531
When you FOMO at 0.5c so you compensate by telling yourself that it will go to 3.5m.
This nigga has to be one of ((((them))))

>>6700462
I'm not selling for at least a year, likely two or more.
It's just very entertaining watching the charts now and then.
It's like a battle royale for retards.

I kind of want to get link, but the Telegram is a huge red flag. It's completely filled with memespamming biztards. This is not what the community of a succesful, promising venture looks like. It could also scare away potential normie & instutional money.

>>6700758
Yeah literally nobody would want to see the community of a promising project is simply the worst of 4chan.

>>6700531
It's real, because LINK doesn't tap into the crypto market cap. Because it's not a cryptocurrency. LINK is the middleman between the Wall Street and the crypto, it's an utility. It will tap into the Wall Street market cap.
We are talking trillions here.

>>6700758
Like contracts haven't already been finalized behind closed doors.

This is a done deal. Comfiest coin available.

>>6700828
Why would people sign contracts for an unfinished project? You think contracts are signed for deals when they don't even have a marketing, accounts, or sales on board? Yeah... Ok friendo

>>6700983
It's not aimed at the normies. It's a banking only software. They literally don't give a fuck about people buying LINK. If you don't know what LINK is, you won't ever be hearing about it, because the token itself is only used for the oracle nodes.

They are doing a testrun of Chainlink with 35 banks in April.

>>6701056
you are the second person i have heard say this, do you have a source?

>>6701056
>you won't ever be hearing about it
I just read about Link and ari yules in a magazine today that was laying around in the comfy room at the university. Should I sell?

>>6699633
>dumping
>8 hours
Pick one and only one faggot

>>6701056
>They are doing a testrun of Chainlink with 35 banks in April.
Is this true? I saw something someone posted about SWIFT trialing /something/ with 35 banks but it didn’t specifically say chainlink did it?

>>6701233
>>6701216
Chainlink is being developed by SWIFT. Sergey is just a guy they hired to do the work for them. The project stared back in 2015 and just recently went public.
https://www.swiftinstitute.org/wp-content/uploads/2017/07/SIWP-2016-001-Impact-Open-APIs-FINAL.pdf
https://www.swift.com/node/39911

Easy 20% returns, per day, just join the /biz/ group:

discord gg/zz7unwD

add DOT here--> .gg/zz

>>6701410
Here's a screenschot from the SWIFT paper this month.
Look at
>Interim report Sibos
Sergey did a report on Chainlink implementation on Sibos 2017.
https://www.sibos.com/conference/speakers/sergey-nazarov

>>6691870
Do you not understand that the long term holders continue to accumulate at dips and that the weak hands are just passing along discounts to the whales?
Volume is decreasing because more people are holding. Volume decrease in this case is not a bad thing, in fact it's a pretty bullish signal for LINK in particular. At this point we're just waiting for the next big news with LINK, or if the order book dries up then it will explode.

>>6701056
Same thing can be said about XRP which is aimed for the banks and look how that turned out.

>>6702011
The difference is, one is aimed at the banks, the other is developed BY the banks.

>>6701783
So this speculation is based on the assumption that “interim report” = Sergey’s report? Hmmm

Doesn't matter OP.

Right now ChainLink just follows the market. Market goes up LINK goes up and vice versa.

Once the project finished then LINK will explode into a new tier.

>>6692171
If there ever was a red flag.

>>6702093
No one else spoke about that on Sibos. It's not ass assumption, it is clear that it about Sergey.

>>6702317
Ok. Does it refer to April/Nov 2018 or 2017? Report was last year and project comes to an end nov 2018? Gonna be bagholding for a long time

>>6702545
The paper is from the last week. The report was in October 2017.
So it's about 2018.

>>6702168
This is the right answer. Patience is the way with LINK.

>>6702604
I wonder if we have to wait all year to get a good update from chainlink themselves

>>6694399
18 decimals pal.
Link can be a million worth and the fees could still be cents

>>6702927
We are getting one at February 17.

>>6703004
Source?

>>6702168
Yes but the retards that went all in on link are having an insane opportunity cost. Buy other coins that will moon faster than link and flip them when Link dips. Repeat

>>6703659
No one's holding anyone hostage, they can chase moons but they're going to get burned when LINK takes off without them and they have to fomo in.

>>6703261
Sergey is one of the main speakers at the Bitcoin Superconference.

>>6701303
I don't always watch the charts, but when I do I make sure it gets to me and my blood pressure.

>>6691870
Volume has dropped because more and more tokens are going into wallets

>>6701410
>>6701783
Not related to Chainlink.
Whenever you see Swift mention "GPI" or "nostro/vostro", the PoC they're talking about is Hyperledger Fabric, not Chainlink.

If it makes you feel any better, Swift recently listed Chainlink's PoC right alongside GPI (Swift's flagship project right now) as one of the key examples of ISO 20022 implementation; see the red box in pic.

>>6691870
My favorite biz meme is LINK. You can tell there are legitimately a lot of people who bought into this despite it being a total shitcoin. I'm going to buy some on the next dip because you retards will actually manage to keep it pumping in waves.

>>6703659
Your not a good day trader . No one is . If you act like you are you will get burnt

>>6703659
BTC holders have been thumbing their nose all the while, but now LINK holders have an equal return to BTC holders.
kudos if you're a great trader, but holding works for idiots like me.
>>6704247
/biz/ is already in. no where else in the world has hyped this. so when it does get hyped... I may literally get a lambo

>>6704592
Dude I own 30,000 LINK I just like shit posting in LINK threads more than anything else in my life right now. You feel me.

I'm 90% sure we're all getting JUST'd and 95% sure we're all getting RICH'd