/biz/ - Business & Finance

[Anonymous No.15434051]

The only FUD that gets me is the fact that Sergey doesn't sell when the price is tanking, only when were recovering

Does anyone have a good explanation for this?

[Anonymous No.15434086]

>>15434051
Because he's not a dumbass. If you were to dump a tenth of the daily volume of anything, would you rather sell when everyone is buying or when everyone is selling?

[Anonymous No.15434104]

Because demand for LINK tokens on Binance only increases when people are buying. When people are buying, the price increases.

[Anonymous No.15434115]

>>15434051
cause he's a scammer

[Anonymous No.15434391]

>>15434086
>>15434104
Does that mean he doesn't have a predetermined amount of LINK to sell? I feel like if he had an actual target he'd move them at regular intervals until the goal is reached

[Anonymous No.15434458]

>>15434051
Because it would sell for less obviously. The sells are spaced so as not to tank the market but he'll still try and sell at local highs.

It's still not some terrible thing though, we knew from the start there was a development fund. He's hardly selling it all.

[Anonymous No.15434593]

>>15434391
He plans on selling all 650 million link he owns, why wouldn't he?

[Anonymous No.15434757]

>>15434458
>Team owns 65%
>Team aggressively dmping
>Linkers: he planned on dumping since the start! This is bullish!

[Anonymous No.15434778]

>>15434051
>Only dumps into price increases
>This is how exit scams maximize on returns
I-it's n-not a s-scam right guise????

[Anonymous No.15434794]

>>15434115
its right in front of their face

[Anonymous No.15434800]

>>15434757
It's not remotely aggressive though.

[Anonymous No.15434816]

i fucking love these fud threads
the amount of funny bullshit you guys come up with

[Anonymous No.15434821]

>>15434051
I am so fucking mad right now !!!
These two fuckers rek'd my money.
Fuck them both !!!!
Pic related

[Anonymous No.15434824]

>>15434800
>1.4 million every 2-3 days
>not remotely aggressive

[Anonymous No.15434827]

>>15434458
>He's hardly selling it all.

You don’t know that. The chainlink team has only ever released the vaguest details of their exit scam and anything else is conjecture. They may dump all their holdings and leave the project at the same time. Why wouldn’t they? We’ve already made them rich. What incentive do they have?

This is a scam that even makes Ripple look good.

[Anonymous No.15434859]

>>15434824
But it's not that.

[Anonymous No.15434893]

>>15434816
>t. seething linker pretending everything is fine

[Anonymous No.15436316]

link shills will do all kinds of mental gymnastics to convince themselves this is somehow bullish and not a clear sign he's just simply dumping

[Anonymous No.15436337]

https://www.reuters.com/article/us-amazon-bezos-stake/jeff-bezos-sells-amazon-stock-worth-28-billion-last-week-idUSKCN1UW07H

You fudfags are trying too hard.

[Anonymous No.15436356]

>>15434051
Selling into a pump is the only way whales can sell without losing a ton to slippage.

This is how I know most people on biz have never traded a significant amount.

The order books on crypto are so thin, market buying/selling for even just a 2 digit amount of BTC (like 10 BTC) would cause you slippage of 5-10%, sometimes much more.

[Anonymous No.15436371]

Also, if Sergey had been selling into dumps as well you'd all be losing your minds even more.

[Anonymous No.15436422]

>>15436371
why is he fucking sell so often? no startup needs $32 million + ~$2 million/week for months

[Anonymous No.15436483]

>>15436422
>no startup needs $32 million + ~$2 million/week for months
Says you.

32 million is chump change in fintech.

[Anonymous No.15436531]

>>15436483
For a 10 employee startup, gimme a fucking break dude. Why do they need $2 million a week for 2 months now? They already blow their $32 million ICO?

[Anonymous No.15436534]

lol

[Anonymous No.15436541]

>>15436531
There were about 20 before they started hiring about a dozen high-level positions.

[Anonymous No.15436560]

>>15434051
There is only one true answer to this.
ULTRAAAA

[Anonymous No.15436634]

Selling off 700k stacks is hard to make look good to begin with. It looks like these stacks are moving as we were told to help set up nodes. I think we just have massive amounts of fud and panic due to the market being incredibly volatile combined with nulinkers who thought this was a get rich quick scheme now freaking out that their investment at 4.00 is down after corrections anyone could see coming. I got greedy, I should have sold the top months ago when others were talking about it being the top for a while. Now we hodl.

[Anonymous No.15437327]

>>15436541
20 my ass. Just go look at the team page for fucks sakes

[Anonymous No.15437345]

>>15437327
This was confirmed by Rory, go ask him.
Also, check the contributors to Pivotal or Github; there's nothing "my ass" about it.
And don't forget that former external parties like TownCrier and Linkpool have been incorporated into Chainlink.

But by all means do keep crying like a bitch about it.

[Anonymous No.15437413]

>>15437327
>>15437345
And it was 20 BEFORE the 15 or so high-level positions they opened up.

[Anonymous No.15437724]

>>15437345
Contributors don't mean employees you dumb fuck, it's an open source project, anyone can contribute

[Anonymous No.15437823]

>>15437724
>Contributors can't be employees!!
Don't be a retard.

[Anonymous No.15437973]

>>15437823
Not all contributors of an open source project are employees you absolutely brainlet. $2 million a week straight into Sergey's pockets

[Anonymous No.15437995]

>>15437973
>Not all contributors of an open source project are employees you absolutely brainlet.
Good thing I never said this.

Protip: a bunch of them are though.

[Anonymous No.15438285]

>>15434051
If he sold when we tank then we'd tank even fucking further.

[Anonymous No.15438292]

>>15434051
He is exit-scamming. That's why.

[Anonymous No.15438345]

>>15434816
Nice mental gymnastics there