/biz/ - Business & Finance

>>7899212
Wow the assblaster larp has just gone too far when /biz/tards think that any LINK sell wall is that one guy he talked about. Fucking hell man.

>>7899212
I just finished accumulating. priced in with 5,555 links feels good

>>7899212
Yep I see this as bullish too. It fucking deserves a good bullrun.

>>7899242
Well, it might be. AB said he would be buying more after the conference so if he’s telling the truth then SOMEONE will put up sell walls. Why not this guy?

All it takes it btc to drop below 10 and it will and this shits going down. Wait anons!

>>7899272
I remember when seeing this when I was still new to cryptos 8 months ago would have made me sell my entire stack immediately. Now it makes me want to buy more.

>>7899268
>accumulating
>5,555 links
Jesus christ the word accumulating gets way overused. Not having a go at you, but accumulation is when you're buying for a long time at cheap price to get a shit load, not <6k.

>>7899583
ac·cu·mu·late
əˈkyo͞om(y)əˌlāt/Submit
verb
gather together or acquire an increasing number or quantity of.

I started with 1776 links last month.

>>7899503
holy shit you're literally me

man being a cryptonewfag was so fucking confusing at first

explain me how that is bullish wtf is wrong with you guys.

this is just a whale taking profits, anticipating the crash on monday, nothing more

>>7899583

I suggest you look up what accumulate means in the dictionary anon

>>7899752
it isnt, this thread is made by the same person who is providing the sell wall

>>7899752
LINK is heavily botted. This could either be a fake resistance level or that.

>>7899713
>>7899768
Yes I know the dictionary meaning, but in the context of trading it is generally means what I said.

>>7899752
>whale has to put up a 36 btc sell wall to keep the price down
>not bullish

>>7899212
Does anyone have a copy of the pastebin text? I want you read it again

>>7900001
Sorry I want to read it again, not "You"- phone auto correct

>>7900001
Just felt like you guys could use an update:

The individual I said would be accumulating throughout the week, well either due to my posts or coincidence the price rose faster than anticipated, so they only acquired some of their goal. They are anticipating a post conference dip and intend to wait it out and buy the rest then, after that you should be able to find their wallet on etherscan.

>>7900136
My new job actually is a lot more directly involved with crypto/blockchain so I should be board informed going forward, although still confined to the realm of fintech. Many anons on /biz/ claim to also be insiders to varying degrees, to any of them who are NOT LARPs I have the following to say: I met with a certain Swiss banker of a Dutch background, I can’t narrow it down further without it being too obvious, either way if you’re remotely involved with hedge funds/private equity you know who I’m talking about. Anyways I actually spoke with him this week, I asked about ChainLINK, he said he hadn’t heard of it, which was as expected because he specialises in asset management etc. not in financial governance. What he did say however was somewhat interesting: he had moved his entire position into Ethereum, and that basically most private asset managers were actually ready to move into crypto, however they still do not trust the fact that there is still a lot of financial power in a few unknown individuals. In fact a lot of banks are spending tons doing all kinds of analyses to determine just how many individuals there are with 50k+ BTC. This problem is further compounded because ETH is one of the most promising cryptos however a lot of these bitcoin ‘ground zero’ holders had tons of money by the time ETH came out, and not only did they buy tons of ETH they also had the added experience and foresight to hide their holdings. The nightmare scenario right now is some 22 year old kid who was 1MM+ Ethereum he got because he was mining Bitcoin. Obviously this isn’t directly what’s holding back institutional money, they are buying, and they are doing so slowly, but they are also wary and willing to sell and buy back in if the boat starts rocking. I am just saying we’re entering a sort of twilight zone of financial powerhouses having to deal with autistic bronies. Which is all in keeping with what I’ve said about LINK.

>huge pump today
>increase their link stack

wot?

>>7900152
That is why Sergey has been working so hard and communicating so little, there is a very real race against the clock right now, if LINK successfully deploys a fundamentally useable product, it’s not only going to cement itself and increase in price, it is literally going to suck the life and value out of every vapourware ERC20 out there. It is interesting, and surely no coincidence, that the deployment timeline for LINK is right on schedule for the entrance of legacy corporations.

As usual, do not buy or sell LINK based on any statements made by me, I make these statements for those who have already bought. Will stick around to answer Qs for a bit.

>>7900136
>>7900152
>>7900174
Do you have the whole thing? I've been wanting to read the bit where he talks about tokens & seeing them as fungible permissions to use a network etc

>>7900192
that is the whole thing, perhaps he talks about that in the thread?
>>7736231

>>7900192
>>7900226
never mind I'm retarded, here you go

The next part of my update regards the LINK conference and just what Sergey is hinting at when he says ‘beyond tokenisation’, see one of the many advantages of my new job is dealing with a lot of people who have a broad knowledge both of legacy systems of finance, and blockchain/cryptocurrencies. Many people with a deep technical knowledge experience ‘tunnel vision’, this is why often times idiots can outperform experts at investing, and also why every trader has the concept of ‘gut instinct’, it’s because sometimes you look too closely. These people have helped my articulate my own understanding even further, pay attention carefully because what I’m about to tell you is very obvious but also extremely neglected:

>>7900258
Ethereum is currently positioning itself as the trustless ‘legislative’ branch of crypto, one of the reasons it is so popular right now with legacy money transitioning is because they can wrap their head around it a lot better. What I mean by that is essentially Ethereum is increasingly becoming the ‘courtroom’ of cryptocurrency, this may seem obvious by the term ‘smart contract’ but people still seem to apply analyses to Ethereum as if it is a currency. It incorporates a currency because just like the legislative branch of America, lawyers need money. Think about it this way: America prints money, the money is invested in securities, those securities are guaranteed by the legislative system, the legislative system is paid in money. The problem is legislative systems cannot be self contained systems, if Ethereum does not begin to interact with actual external systems/goods/rights then it will become entirely speculative. This is also why you need to recalibrate how you view ERC-20 tokens, think of them as fungible contracts, bearer bonds. They are not items in themselves, they are deeds of entitlement. The whole point of ChainLINK is that the tokens themselves are a mere deed to a share of the network, the network is and will always be the only thing of value. The point of Sergey’s speech will likely revolve around how value through token issuance can no longer be sustained, that essentially we’ve all been giving away deeds to ideas, but that those deeds are going to have zero value the second real items are deployed through smart contracts. So think of it like a barrier: on the one side you have these smart contracts, on the other you have real world ‘things’, currently people have been creating smart contracts for things that will eventually exist, but the minute pre-existing companies and services deploy ERC20 tokens, they are going to wipe out the tokens that are unbacked.

>>7900274
Yes that's it thank you anon! I've been asking if anyone has this all week!

>>7900136
>>7900152
>>7900258
>>7900274
>>7900174
correct order

>>7900301
no problem anon, I thought he might delete it so I saved a copy just in case

>>7899713
Here have a better version

>>7900174
>That is why Sergey has been working so hard and communicating so little, there is a very real race against the clock right now
yeah, mcdaonalds closes in 13 hours

>>7899713

>>7900360
THANK YOU ANON, saved and will be using this a lot in the future.

Also, I started the cool hand link meme. what a glorious day/thread!

>>7900360
Yes I was annoyed I didn't save it when I went back to read it again & it was gone. That bit about ethereum as the courtroom of crypto & seeing tokens as permissions to use a network is very insightful. It doesn't matter if he's larping, that passage is without from someone who has thought about & understands crypto pretty deeply. Looking at tokens in this way has really made me understand various coins much better

>>7900409
yeet

Can’t wait for 2019 when LINK is still 0.65

>>7900428
You mean $650?

>>7900416
>>7900423
>>7900427
I'm so autistic I couldn't stand that there was a spelling error in the file name. Someone pls kill me.

>>7900416
Good meme

>>7899212
>another huge pump
> good opportunity for anons to increase their LINK stack
lol
Anyway, if you didn't buy yesterday during the futures dip then you might as well FOMO in whenever, probably won't be sub $0.60 before the conference again

>>7900448
If you hold 1000 of them, yes

>>7899583
There are less than 6k people in the world with more than $1k worth of chainlink.

>>7900454
It's all good :)

>>7899212
>think we might see another huge pump today
you know what a sell wall is, right?

>>7899743
It truly is trial by fire

>>7900274
what I'm wondering is, if you connect blockchain technology with input from sensors, RFID-chips and so on you have a real product bridging the gap between the token and the real world. so chainlink would be in a simple way something connecting smartcontract products with the real world like VET or WTC is for connecting real products and the data they produce with the blockchain?

>>7900576
No. Chainlink is not the bridge between smart contracts and the physical world. It's the bridge between smart contracts and reliable real-world data sources. There is a difference.

>>7900525
I dont know what you mean

>>7900569
Really is, I made so many fuck ups but still have done well. LINK is my /making it/ ticket though

>>7900535
Is that right? Wew

>>7900630
1000 LINK times $0.65 = $650

>>7900643
Luckily I got in November bought a shit tom of req and link because they made sense. Bought a plethora of shit pins though. Lost my ass but good for tax write offs.

>>7900688
This is why I think that link might actually make a bunch of neets big money

>>7900576
I don’t think you understand what chainlink does

>>7900535
Me, my nan, mother and two of my brother's are among them. Kek

>>7900535

What?

For real?

I have 2,6 LINK, so this makes me a what?

0,00001%er?

I can own my own shitting street in the future?

Something sounds wrong with the insider/larper but I can't really wrap my head around it yet..

>>7900689
I still dont know what you mean

I said $650

>>7900900
>2,6 LINK
you sure you didn't miss an M or two there big boy?
Nice double 900s btw. LINK 900$ EOY confirmed, shitcoin's never going to 1k, linkies on suicide watch.

can someone explain to me why a sell wall is a bullish indicator? Doesnt it mean that some guys is trying to dump his bags, but can't because theres not enough volume?

>>7901168

kek

meant 2,6k of course.
I am bad with numbers

>>7901221
>Doesnt it mean that some guys is trying to dump his bags
no. if you hold a huge amount of a coin you will dump gradually over time so as not to crash the market and kill your gains

the purpose of a sell wall:
>set up huge sell wall at a price slightly above what you want to pay
>people who want to sell their link but are impatient will set sell orders under your wall so you can buy them relatively cheap
>people who are dumb will see sell wall and think what you thought, and panic sell into the sell waller's wallet
>when you're done, take the wall down and the price will naturally increase due to your increased buy volume and the absence of the sell wall

babyshit level market manipulation but it works in crypto

>>7901297
so just limit buy under his wall then?

>giant buy wall appears
LOL this isn't bullish, you noobs!
>giant sell wall appears
LOL this isn't bullish, you noobs!

so which is it, TA "experts"

>>7901320
i dunno i don't play the market. i just buy coins that i think will increase over time because i'm going long-term investing. i don't play the market games

>>7901221
Dumping of large amounts is done on the way up - you start buying and you put sell orders for small amounts above the amounts and prices you are buying. FOMO kicks in and people start buying your shit. Then you buy a bit more to keep it going and start looking for big buy orders at prices you like - you want to sell into them but not obliterate them.
Whales don't need a x10 to make money.

>>7901320
usually whales will put up a buy wall on the ETH pairing at the same time so the order will get filled from people selling, at least that's what I've noticed with link. It's not enough to counteract the sell wall because the BTC pairing has more volume. Just put a buy order in slightly above the whales buy wall and it should get filled

>>7901332

>brainlet alert

Both are actually bullish dumb fuck, the only thing that’s truly bearish in crypto is a lack of activity. When you see a market depth book that’s just a complete flatline.

>>7900525
2+2 is 7 QWIK MAF

>>7901369
so he's making a few cents per trade? How is that even worth his time?

>>7900136
>post conference dip

I dont know how to say this anon, but the train is leaving the station after sxsw

That will be our equivalent of 6/17/17 for AntShares (NEO)

>>7901929
>That will be our equivalent of 6/17/17 for AntShares (NEO)
What happened then? Newfag here

>>7901853

Whats 1% of 100K ?

>>7902004
a little fucking blue googly eye ant chink shit rebranded into the NEO we see today and went from like $5 to $60 in one day

>>7901929
this is an assblaster pasta from just before the last conference, I was just sharing it again because he deleted it. I agree after sxsw we will moon hard

I really wanna stick it to the nolinkies you guys

When is sxsw

>>7900535
>There are less than 6k people in the world with more than $1k worth of chainlink
Wait, really? How do you know this?

>>7902064
https://schedule.sxsw.com/2018/events/PP80326

>>7902068
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca#balances

>>7902064
The thing about SXSW that people should understand is that, BTC superconference was small time, but SXSW has SERIOUS backing. just look at the sponsors.
>>7902087
It is a panel event too with the founder of docusign

>>7902068
three of those 6k wallets containg more than $1000 worth of chainlink are mine. Most people with a lot of money in one coin will use at least two wallets. I have 30k ChainLink and am paranoid as hell for reference.

>>7902155
this
and after the last conference, with Sergey finally starting to talk about chainlink, I expect big news to come at sxsw that will make the normies FOMO. they're finally ready to begin marketing and it's the perfect opportunity to shill to normies

>>7902068
if you're in the top 1000 wallets you are set for life, friends. just keep holding.

>>7902108
doesn't count people who have their links on exchanges, right?

>>7902290
nobody keeps a significant amount of precious LINKs on exchanges.

>>7902155
one is one of the founders of docusign and another is former general consel of docusign

>>7902307
should I cash out?
how do i make a paper wallet for my linkies?

>>7902362
a hardware wallet is the best option

>>7902362
Use MyEtherWallet and make sure you have about a dollar worth of ETH to the same wallet so you can pay withdrawal fees.

Assblaster also said that NANO was a shitcoin with no value that would continue to bleed out into single figures... it's up 34.48% today LOL

So far he's provided absolutely ZERO evidence that he's an insider

>>7902362
>>7902408
>>7902411
kind anons.
Also, since you're probably not going to wait a while before getting your hardware wallet, use the JSON file, and save it on an encrypted folder using Veracrypt.
I'm a infosec brainlet, but that's probably better than leaving it on an exchange.
Or paper wallet, your choice

>>7902408
>>7902411
>>7902498
thanks friends

>>7902457
He actually said that about XRB, the rebrand wasn't foreseen. It's a textbook DCB

>>7902457
He did called nano going sub 10 and called the crash, while i tend to agree its LARP, he has been right a allot of times.

>>7902457
Hope you had fun picking up my bags

>>7902602
He didn't call shit, he said to move out of shitcoins even though every coin took a huge hit and everybody's grandmothers were calling a crash

>>7902612
I'm a HODLER

>>7902646
HODL Urself to death please and kys while doing it.

>>7902173
I got 60k in one wallet because I am a MANIAC

>>7902457
a pump and dump shitcoin getting randomly pumped does not suddenly make it valuable anon.

>>7902891
this. assblaster makes no claims about short term value increases or decreases. but he knows whats gonna happen long term to stupid coins like nano: zero.

>>7902910
>first moving DAG coin
>will be used as the arbitrage coin between all exchanges
>has survived a GOX tier event and comes out stronger for it

It's basically bitcoin 2.0 and you WILL fomo in near $100 :')

>>7902173
What are you paranoid about, losing your private keys?

>>7902845
you are a MANIAC

>>7902957
Wih mass adoption it will be Litecoin 2.0. There is room for BTC, a privacy coin and a transfer coin in the top ten. XRB could become that transfer coin. I doubt it personally.
Claiming it will replace BTC is idiotic

>>7902173
Yup I have 4 wallets

>>7899212
see here oracles are feature

https://twitter.com/AriDavidPaul/status/967069600910397446

>>7903142
Not really. Two hardware wallets and a paper wallet. I keep one of the hardware wallets in my parents house in case my house burns down.
One hardware wallet is more than secure enough for any rational person.

>>7903193
I'm not saying it will replace BTC but it will completely replace LTC as the transfer coin. LTC no longer has a use-case and will most likely tend to zero over the next few years

>>7903244
I have 100 XRB I picked up cheap just in case. I just know from experience how irrational this market is and doubt it will take Litecoins place because "Digital silver to Bitcoins digital gold".

>>7902155
>The thing about SXSW that people should understand is that, BTC superconference was small time, but SXSW has SERIOUS backing
This. superconference was a room with like 25 chairs in it, now look at this room. And Sergey will be one of the 4 speakers in it together with 3 other big fish

>>7902281
>tfw 2200th wallet

>>7903237
>https://twitter.com/AriDavidPaul/status/967069600910397446
Do you think MEW is safe?
I left all my LINK on binance because the withdrawal fee is too high...

>>7903193
See >>7901904, your currency coins are worthless. The most a currency coin can ever do is save money in transfer fees and/or make transfers slightly faster. It will never replace fiat and it will never *create value* or *spur business*. Smartcontracts will.

>>7899212
So what happened with the wall?

>>7903519
A bet on NANO is a bet on the health of crypto, similar to holding BNB but with more upside. Yes I also hold LINK you dolt

>>7903489
Is it safe? Yes. Going to have to bite the bullet sooner or later

>>7903489
buy a hardware wallet

>>7903519
I'm 2% in nano and bought near the bottom. I will sell soon. Buying shitcoins you believe have one pump left in them is fun.

>>7903375
That's like right where I am :(

13k linklet never gonna make it. My fucking computer broke and now I have to spend my next couple paychecks on a new build in these last few weeks of accumulation. I really wanted to hit 15k, oh well maybe we'll break into the top 1k after the price rises and others jump ship and cash out.

>>7899212
15 million would level this coin dude lmao seriously

>>7902307
>https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca#balances

I find it hard to believe there are less than 20k people holding LINK...

>>7904823
There's probably more on exchanges, but I bet not much.

>>7904823
its the truth tho.

>>7903237
When you say more than 1000, how bits your stack? I have over 100k at a single address with a trezor & I'm comfy as fuck. Splitting it up would just be more stress

>>7905281
30k Link. about half my total portfolio.

IF YOU SERIOUSLY BELIEVE IN THIS SIT DOWN AND RECORD YOURSELF SAYING WHY YOU BELIEVE IN CHAINLINK. THEN SEND IT TO A FAMILY MEMBER AND THEY WILL TELL YOU JUST HOW FUCKING DELUSIONAL YOU ALL ARE.

>>7905303
Not bad, don't see why you'd split it though. That's just double the chance that one of your keys will get lost.

>>7905336
I encourage people to buy LINK co-workers, family, friends even random people in the street. I live and breath chainlink. It's made me much more social and I've made 1 new friend so far. Will keep you updated.

>>7905424
you shouldn't tell anyone except people really close