/biz/ - Business & Finance

[Anonymous No.14511692]

>muh $1,000 LINK would require a 4934 quadrillion marketcap

Pic related is why LINK will make you rich.

[Anonymous No.14511716]

>>14511692
At some point selling link becomes more valuable than staking it and the price reaches equilibrium.

[Anonymous No.14511740]

>>14511716
And that point is not $4.

[Anonymous No.14511799]

>>14511716
Correct. We're still in speculative territory, but the real fun will be when we see where staking takes us.

>>14511740
Likely very true. It really depends on usage rates/adoption. Based on what we've seen so far a triple or quad digit LINK token doesn't even seem remotely far fetched as an eventuality. I could even realistically see $100+ by EOY if staking hits any time before October.

[Anonymous No.14511804]

>>14511716
This is extremely obvious but I swear some linktards don't get it. If you are only earning .05% on your $1k link guess what's going to happen...

[Anonymous No.14511846]

>>14511799
Staking before October? What is this hopium? They haven't even started working on it

[Anonymous No.14511857]

>>14511804
Very fair point. However, one would have to consider that while they may be able to sell their LINK for more profit than staking at that given moment, they are also risking the price going up and being unable to buy back their LINK to stake. Or am I missing something?

[Anonymous No.14511864]

>>14511846
What is your educated guess for an ETA on staking?

[Anonymous No.14511889]

>>14511846
>What is this hopium?
This is called investing. See, you invest in projects while they have a bit of risk associated with them. For example, while staking is not live. You do this so when (in this particular example) staking does go live and the price rises, you can sell the asset for a higher price. In other words, buy low, sell high you fucking degenerate.

[Anonymous No.14511895]

>>14511692

Imagine seriously thinking that every single person staking 50k LINK would resist cashing out 25 million dollars, or even a 10th of that.

[Anonymous No.14511922]

>>14511895
>every single person staking
That's the thing. To a lot of "people" who will be staking, 25 million dollars is nothing.

[Anonymous No.14511977]

>>14511889
I'm 80% in LINK but I'm not deluded enough to think that they will solve staking in 3 months from scratch, when projects with 10x larger dev teams have been struggling to do so for over 2 years

[Anonymous No.14512098]

>>14511977
I'm literally agreeing with you, you dumb faggot. I'm saying that it's smarter to buy LINK now before staking is live than it is to buy afterwards.

[Anonymous No.14512169]

>>14511977
You saw that write up Alex did on threshold signatures right? He's probably got the staking solution written on a Mcdonald's napkin somewhere.

[Anonymous No.14512173]

>>14511922

All depends on the returns anon. Even wealthy people are going to be cautious for all sorts of reasons. BTC could crash, Link value could crash/fluctuate heavily, laws could change, something could go wrong with the system etc or whatever else.

Now if they're earning 10% returns on that $25m, then it'll be well worth the risk for a lot of people. But if the returns are much lower, and particularly if the returns aren't that much better than more traditional investments, then may will prefer to take the safety of the lump sum.

As one anon said above, a price equilibrium will occur. But one thing for certain is that every time the value of link goes up, one more person will consider cashing out.

[Anonymous No.14512200]

[Anonymous No.14512651]

>>14511889
Staking will happen late 2020. Current development priorities are SGX integration, reputation and allowing the network to grow bigger. Check recent Pivotal activity.

[Anonymous No.14512881]

>>14512651
>Current development priorities are SGX integration
Not true, TEE are nice to have, and be layered on. Without staking, please tell me how are node operators going to be paid? Who's going to want to run a node, besides the hardcore early speculators?

[Anonymous No.14512974]

>>14512200
Explain how LINK would run the derivatives market. Bc that doesn’t even make sense

[Anonymous No.14512981]

>>14512173
This is true BUT you have to consider network effects as well. The network would continue to grow, regardless of people dumping and those links would get ripped from retail investors into the hands of corps, banks, etc who actually need more link (say for derivatives) and thus the supply drops again, and we see a rise in price again.

[Anonymous No.14513009]

>hey guise what if ALL LINK except a single token gets staked?
>then if the price of LINK hits 1 billion, that would be a pseudo-marketcap of just 1 billion right?
>seems feasible!
this is your brain on STINK

[Anonymous No.14513146]

Also its comfy to see a bullish thread after all the boring FUD, even if it's stuff we've mostly discussed.
Keep your heads up and your hands strong marines.