/biz/ - Business & Finance

[Anonymous No.17436846]

this isnt financial advice, but here's my theory of a timeline for coronaviruses impact on crypto.

Current crypto holders may panic sell initially dropping the price... however, after that panic sell and initial drop new investors will fill the vacuum of cheap crypto causing the price to recover. And then the normies will panic buy as a hedge against the coronadepression causing a second bull run to 20k and beyond as crypto will form the backbone for interactionless transactions that are necessary for a post corona apocolypse. (physical gold payment would require risking infection in the coronawastes)

[Anonymous No.17436903]

This is actually what i was thinking too. Coronavirus will cause borders to close which will require a borderless currency.

[Anonymous No.17436935]

But in the past volatile stock markets have always had a multiplied effect on crypto

[Anonymous No.17436945]

[Anonymous No.17436972]

>>17436846
I’m guessing you’re new here
>>17436903
>corona will close borders
Lmao when did being hysterical become so normal. You must be American

[Anonymous No.17436973]

>>17436846
retard. go check out top 100 wallet holdr on etherscan. Whales are selling... not your everyday linklets

[Anonymous No.17436975]

>>17436846
>>17436903
>Countries and people are constantly exchanging physical gold with each other

Yeah, this is definitely a new low for the average IQ of this place, holy shit

[Anonymous No.17437001]

>>17436973
Shhhh you think these newfags know about etherscan

[Anonymous No.17437017]

>>17436846
Central banks will print money to prop up the nominal values of the stock, bond and real estate markets. People will use crypto to protect against inflation and to move assets internationally.

[Anonymous No.17437073]

>>17436846
>>17436903

I've been thinking along the same lines. Just liquidated most of my stocks. Waiting for the right time to re-enter the stock market or to get back in crypto. I could foresee people getting freaked out and dumping money into crypto as a hedge since even stuff like precious metals is falling

When national currencies start to depreciate because the economy grinds to a standstill, people will invest in crypto.

Also...as much as I don't want this to happen, a Bernie presidency would be incredible for cryptocurrencies. Imagine Bernie gets elected, announces sweeping economic proposals. Dems in Congress led by AOC and the squad pass all of Bernie's plans.

Dow dips 10,000 in a week. Global economy in freefall due to Bernie. He sits back and laughs as capitalists lose money. So what will they do? They will dump their funds into crypto. Why? Because Bernie wants to tax billionaires at exorbitant rates. You can't tax what isn't there. If Bernie gets the DNC nomination and does well in the polls, get ready for crypto to steadily rise again. If he gets elected, it's going to skyrocket faster than it did after Trump got elected, but for completely different reasons.

my post is pure speculation, curious as to what others think of this scenario

[Anonymous No.17437146]

>>17437073
I like the cut of your jib.

[Anonymous No.17437160]

>>17436846
Why would you buy an erc20 token because of the virus? You're buying monero, litecoin, bitcoin, and xrp.

[Anonymous No.17437203]

>>17437160
you've heard about a chainlink fence, right? well how about a chainlink hedge?

[Anonymous No.17437213]

>>17437160
Those are still platform it doesn’t solve the solution that LINK is trying to do.

[Anonymous No.17437227]

>>17437160
>>17437203
in other words, im not going to panic sell from what ive already bought in to.

if i have chainlink, i'm going to stay in chainlink instead of wasting portions of my reserves on transaction fees converting everything into the coins you mentioned. at the end of the day, the prices will recover so there's no sense in drawing my wallet from its holster.

[Anonymous No.17437237]

>>17436973
>>17437001
This is bullshit. My rank has stayed about the same this year. And let’s not forget that dumbass whale with 1m+ links that panic sold and bought back $.30 higher. What the fuck do they know...

[Anonymous No.17437261]

>>17436973
Can confirm, I hover around the end of the top 200, I sold a few thousand link earlier and moved down the rankings about 4 places. I just checked now & I've already gone up by 1, meaning someone above be has sold within the last few hours. It's happening whether you want to see it or not. Corona is real, & it might take 6 months minimum for things to stabilise. Oh & anyone who thinks smart con will actually take place in may is retarded

[Anonymous No.17437321]

>>17437261
corona is going to be bad initially for crypto due to the panic selling that would come from any emergency, however for the long term its great for crypto as it adds real utility to it.

during a period of depression or financial instability, its vital that you have a secure means of storing, withdrawing, and using the currency you own... and when you throw a highly infectious virus into the mix you also need a way to spend money in a way that is interactionless.

this is the catalyst for the next bullrun i have no doubt, but again this is not financial advise.

[Anonymous No.17437323]

>>17437213
Trying is all they have been doing. No proof they solved the oracle problem. NuLink and these new forks are some 18 year olds in high school who created fake tokens. They said they solved the problem. How? Show proof.

Decentralized p2p money you can send around the world without a middleman. You can still do business in real time with other countries that way. The oracle system I am thinking of gets all kinds of data like current news about how many people are infected with corona and transmits that data in real time, incredibly fast. That would legitimize real news and help get rid of fake news.

BTW, a bearish bat pattern formed. Sell now and buy back when it bottoms out.

[Anonymous No.17437560]

A reputation + a voting protocol rolled into a staking system where nodes vote either yes or no on whether or not information is telling the truth or is not. Say you want news about the coronavirus in Wuhan. Nodes located in Wuhan that only go by location and no other personal information is given, vote yes on (x) amount of people have the virus. Nodes in the same location are connected and they too, vote (x) amount of people they have been told have it. The nodes with the most similar amounts reported are in this case, chosen as the most accurate data to accept and send in a smart contract that is tamper proof and trusted.

What Chainlink is trying to do makes a lot of sense to create. It would create a more factual and truth gathering identification system where what's really happening is reported with accuracy and what are lies, are detected and thrown out as fake news.

[Anonymous No.17437628]

>>17437237
This.

[Anonymous No.17437837]

>>17436973
how do you look up something like that? How do you see if they are selling or not?

[Anonymous No.17437970]

But what if there will be no people left to buy crypto?

[Anonymous No.17438044]

>>17437237
>>17437628
>citing one example of a whale fucking up and thinking that refutes what was said
Nice diversion and also cope

[Anonymous No.17438060]

>>17438044
>Providing no evidence to support your claim.

[Anonymous No.17438069]

honestly where do we see LINK ending at? It has already mooned, what is the projected $ three years from now? Memeing aside

[Anonymous No.17438266]

>>17436846
Yep, I think a lot of people are holding predictions along these lines.

Certainly my opinion.

[Anonymous No.17438287]

>>17438069
No one knows it purely speculative. I do think $1k isn’t even that bad of a number. It all about how it will be accepted in industries.

Remember that certain stocks have mooned far more than BTC, through stock splits.

[Anonymous No.17438293]

>>17436975
>>17436972

Uh oh, retard alert. Try some critical thinking there buds.

[Anonymous No.17438302]

>>17437203
Sure buddy. I'm gonna buy into a 4 year running ponzi where some burger addicted nerd can control the price whenever he wants

[Anonymous No.17438304]

>>17436975
You ultimately need access to physical gold. Centralised bodies oversell shares in their gold supply, etc. Similar to issues to fiat.

If you don't have the gold with you, there is a chance you are getting fucked.

Especially since in times of chaos institutions may choose not to pay out.

[Anonymous No.17438334]

>>17438060
>he doesn’t know how to access etherscan by himself. Source was already provided retard, you want me to chew up your food and spit it in your mouth as well?

[Anonymous No.17438346]

>>17437837
You cannot see if they are selling

[Anonymous No.17438445]

>>17438302
in other words, the majority of tokens lie solely in the hands of someone who firmly believes in the technology and concept rather than merely speculators who would sell out the moment it reached a certain price?

[Anonymous No.17438469]

>>17438302
The 650,000,000 LINK's are for enterprise investors. That chart you posted is the same for all the tokens that had an ICO. How can you trust them not to sell if the price pumps? What are they selling the tokens for? What this whole thing in crypto where normies fund the projects is you're basically paying these rando's to create some kind of blockchain product. Too much money is given to them without anything in return. The price pumps because that's speculation. That's why I don't buy any tokens. You're only making Sergey richer and they are not delivering a product.

[Anonymous No.17438486]

Anything that disrupts the current economy will benefit crypto

[Anonymous No.17438487]

>>17438445
Fudders are fucking dumb. We know the team is currently working on the project and there isn’t lavish spending like other projects.

I’ve seen companies going through series A/B funding and it fucking horrible ownership gets diluted and the banks impede management vision.

[Anonymous No.17438512]

>>17438445
Yeah there’s absolutely no conflict of interest there, absolutely no risks associated with someone holding something like 60% of tokens, crypto has never seen any whales dumping on everyone and tanking a market.

[Anonymous No.17438549]

>>17438512
The point retard is that there has to be risk to make fucking money. We don’t know sergay and his team can pull a fast one and cash out on us. all we can do is control our own risk and not be to heavy in CL.

T. Someone who has about 5% of my NW in CL.

[Anonymous No.17438551]

>>17438512
theres going to be whales regardless... it's better that the largest whale is someone directly involved with the project at the very least, as long as he's holding them the tokens may as well be burned.

[Anonymous No.17438656]

>>17438551
>as long as he's holding them the tokens may as well be burned
This. If Sergey's tokens moved without a prior detailed announcement, the price of LINK would drop like a rock.

[Anonymous No.17438680]

>>17438549
No shit dumbass. That’s my whole point.
>>17438551
You’re really placing a lot of faith in one man huh, I’m not telling you to dump all your link (that would be hypocritical) I’m just advising you not to hold all your eggs in one basket if that’s what you’re doing

[Anonymous No.17438708]

>>17438680
Dude you offer me a low risk investment with potentially astronomical returns. They don’t exist.

[Anonymous No.17438721]

>>17436846
>coronavirus will save my memecoin
You fucking idiots will cling to anything. Stop shitting up the board with your diarrhea spout 3 years of this crap is more than enough. Stay poor and stfu

[Anonymous No.17438762]

>>17436973
Those are regular sized ico linker wallets ,weak handed old fags are panicking because they invested without understanding the product and want to take short term profit risking pricing themselves out of the long term.

[Anonymous No.17438785]

>>17438708
I don’t know what your point is? Do you think I don’t hold any crypto or something. My whole point is that it’s important to diversify risk, especially when operating in a highly risky and mostly speculative market. Most of my holdings are crypto but I don’t buy into cults of personality like the other anon and I don’t put everything in one corner

[Anonymous No.17438840]

Chainlink is already too old, OGN is the future, and future is now

[Anonymous No.17438851]

>>17436846
Crypto holders who die from the virus are long term bullish.

[Anonymous No.17438859]

>>17438785
No your trying to FUD. So please gtfo and stop making these neets lose money with your fear mongering.

[Anonymous No.17438915]

>>17438859
Pee pee poo poo

[Anonymous No.17438919]

>>17438656
700k

700k

700k

ROFLMAO!

[Anonymous No.17438935]

>>17437073
>You can't tax what isn't there

you're banking on billionaires pulling out of stocks to pump your even more risky asset class. billionaires will do what they always do in crashes, wait and buy when everything is low. jeff bezos isn't gonna pump your heavy ass monero bags.

[Anonymous No.17438976]

>>17438859
>recommending diversifying risk when investing in inherently risky assets
>FUD
Lmao did you just start investing in crypto or something? If you really only hold 5% in link why is what I’m saying bothering you so much, is it all you’ve invested in newfag?

[Anonymous No.17438981]

Hmmm... should I buy:

>LINK top

>OGN bottom

[Anonymous No.17439031]

>>17438976
You don’t know my net worth retard. So stop trying to gaslight. Why don’t you post your actual folio and put your money where your mouth is.

[Anonymous No.17439210]

>>17438981
It's a simple Buy high sell low or buy low sell high question desu. Everybody who can use his brain gonna buy OGN very soon

[Anonymous No.17439216]

>>17439031
Why are you so bothered by his opinion of you? Are you really that insecure?

Wait. Did you put all your monies into link? Tell me you're not betting on a single horse that still hasn't produced anything other than a pump for 4 years now.

[Anonymous No.17439232]

bros, this link crash is making me lose faith

do i just buy more and hodl? I bought 600 usd worth at 4.40 and now my portfolio is down to 450.

im scurd :(

[Anonymous No.17439294]

>>17439216
No i just hate fuders. The majority of my money is in othe assets. Property and stocks.

[Anonymous No.17439344]

>>17439294
Sure thing kid, that’s why basic investing advice, literally one of the first things you learn when studying finance and risk management bothers you so much and to you can only be fud. Kek imagine being this much of an emotional “investor”

[Anonymous No.17439405]

>>17437237
Sauce on a whale panic selling and buying back in?

[Anonymous No.17439501]

>>17439344
Still hasn’t posted his folio *yawn*

[Anonymous No.17439536]

>>17437073
>try to cash out
>40% tax on capital gains
no thanks

[Anonymous No.17440221]

>>17439501
>larper thinks he’s worth taking the time to screenshot and post when he hasn’t posted his
I’ll show you mine if you show me yours kida