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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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17753829 No.17753829 [Reply] [Original]

Bros what's the reason for this giga crash? The fundamentals are still in tact right? I wasn't going to cash out at these levels anyways so what's gonna happen the next week, the next month? I have to be honest I feel kinda sick to my stomach right now and I've held this thing since early 2018 and bought til 2019. But this is the hardest hit ever.

>> No.17753880

>>17753829
I put in 17k that 17k is now 8k. I am holding on.

>> No.17753881

>what's the reason for this giga crash
uh the whole global pandemic and stock market collapse thing has people pulling out of speculative investments that are seen as a risky luxury in a time of general fear.

>> No.17753884

not enough buyers for thousands of sellers

>> No.17753911
File: 225 KB, 1800x1000, 463F64E4-8B52-4D03-8DC8-3890F39B62DC.jpg [View same] [iqdb] [saucenao] [google]
17753911

>fundamentals

>> No.17753919
File: 68 KB, 700x700, C23F0E13-844A-4D7D-959A-D6B549840751.jpg [View same] [iqdb] [saucenao] [google]
17753919

It’s going to be ok friends. We’re going to be okay. Everything is going to be fine. Just buy the dip bros. $1000 eoy frens

>> No.17753927

Been buying up more today, not selling. This is an opportunity for cheaper Link.

>> No.17753949

>>17753829
Controlled demolition of the economy to re-impoverish the middle class and buy out bankrupt competitors. When everyone notices that hardly anyone is dying 3-6 months from now, everything will go bank to normal, but alot of people will be pissed that they panic sold.

>> No.17753956 [DELETED] 

>>17753829
honestly just chill the fuck out, we'll be back to making fun of bobos in 6 months, anyone who said they fully predicted this black swan event is a bullshiter. wish I didn't fomo in at a high price but with DAC I could make my buy average lower.

Only time will tell if this is a foolish decision or not.

>> No.17753996

>>17753911
Is this legit?

>> No.17754016 [DELETED] 

>>17753949
how exactly will this re-impoverish the middle class?

My only idea is it going to teach corporations to not offload all of their supply chain overseas and they'll hedge it 50/50 which will bring back a significant number of jobs.

>> No.17754329

Everyone in full panic mode, unless you're old why give a shit lol. Perfect opportunity to scoop up more linkies. Gonna take a couple of months to recover though.

>> No.17754387

people are pathetic morons and will believe anything an authority figure or celebrity says

>> No.17754466

>>17753927
>loses half of his money by days end.

>> No.17754549

>>17754016
The middle class has alot of stocks.

>> No.17754569

I don't know bros... I guess I'm fine with my 12k stack because I already was euphoric as fuck at even 1$ and 2$ but this shit doesn't seem to have any support left. I just hope we don't go back to the low 1$ level because that one is fucking boring.

>> No.17754639

>>17753996
>3 years
>$4billion marketcap
>0 users
>0 decentralized oracles
>Linkers: This is bullish!

>> No.17754672

>>17754569
>support
It was literally just Sergey keeping the price afloat. He cant do it anymore and thus you have the incredible swan dive that is LINK into the pavement.

>> No.17754724
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17754724

All the cope in this thread is great. Nothing better than delusional shitcoiners losing half their stack in a single day.

>> No.17754796

>>17753829
IN
TACT,
MOTHERFUCKER!

>> No.17754826

just set up an oracle that keeps track of le corona

>> No.17754906

>>17754569
This is going sub .50

>> No.17754947

>>17754826
You can't, need to be KYCed by Sergey first.

>> No.17754981

>>17753911
When was this?
also
When steaking goes live, is this even an issue? Because nodes would have to comply or risk losing their steak...
also
Doesn't gas get cheaper on ETH2.0?

>> No.17755046
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17755046

Your last two digits is now how much link you must buy.

Rolling

>> No.17755082

>>17754639
i keep trying to tell people that LINK hasnt even solved the oracle problem b/c the oracle cant be solved. it's intractable.

so you have a product built entirely on the basis of having solved a problem whic is impossible to solve. they might as well be selling shares in a factory that produces infinite energy machines. it's a scam from top to bottom.

>> No.17755086

What would happen if everyone just shorted?

>> No.17755093

>>17755046
roll

>> No.17755132

>>17755046
Waiting for my check to come through. I'll save up in the hopes markets dump more tbqdesu

>> No.17755138

>>17755046
I'm going last four digits because I'm not a brokefag.

>> No.17755207

>>17755082
>shares in a factory that produces infinite energy machines
Fuck yeah now you're talkin!
Where can I get in on that action?

>> No.17755222

>>17755138
gotta let nulinkers have their fun too. if they dont panic sell they've earned their chainlink

>> No.17755285

>>17753996
This morning into early afternoon. It’s legit.

>>17754981

>> No.17755343
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17755343

Did you guys miss this too?

>> No.17755413

>>17753911
thats a problem with eth. and threshold signatures will resolve this..... i hope. i cant even sell my UBT cuz the gas is .12 ETH right now

>> No.17755499

WHERE IS THE FUCKING BOUNCE HOLY SHIT IT HAS JUST BEEN DROPING LIKE A FUCKING ROCK!!

>> No.17755512

about to break under 2 dollars lol

>> No.17755533

>>17755046
cmon big money big money

>> No.17755544
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17755544

>>17755222
Pretty digits you got there. Crypto.com gives me this shit and can't buy shit atm. Also
>Sub 1k 2019 nulinklet
>Not sold a single stinker so far

>> No.17755549

>>17755512
it's been under $2 for a while

>> No.17755619

>>17755544
>Not sold a single stinker so far
we're going back to Oct 2018 prices of 70 cents. honest advice from someone who cares: fucking sell ffs

>> No.17755750

The big silver lining is that in terms of sats we only lost something like 15-20% after a huge runup and ATH in sats. So it's basically just btc giving in, maybe it's le final decoupling.

>> No.17755832
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17755832

>>17755544
would you say that crypto.com is safe and reliable? i've always wanted to put my chainlink their for the staking interest. how do you find it

>> No.17755904
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17755904

>>17753829
Exchange your LINK for these bad boys
https://www.saturn.network/exchange/ETH/order-book/NCOV

>> No.17756103
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17756103

>>17753919

>> No.17756166

>>17755832
Not the best person to ask bc I've got a pretty small stack. I have seen anons here who have staked a few thousand LINK there. It works so far but keeping your stack on exchanges is a pretty known risk. I use it primarily bc it's the fastest way for me to buy and hold. DYOR

>> No.17756377

>>17753829
I'm completely out of fiat to dump into LINK and ETH at this point. I'm just hodling on.

>> No.17756416
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17756416

>>17755619
What makes you believe this? If that happens I can save up as much as I can and buy more with my minimum wage job and hope to get to 1k LINK at least. I'll have saved up more by the end of month instead of selling my microstack. Also
>honest advice from someone who cares: fucking sell ffs
people not only don't give a shit about others here, they are going out of their way to cause more pain. Fuck you. I'm sorry, I'm just butthurt my thread got ignored earlier

>> No.17756427
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17756427

>>17755046

>> No.17756627

>>17756416
there wont be any money flowing into the crypto markets now until the coronavirus panic is over. if no money comes in, the price keeps going down.

if you dont believe me, then fair enough. do what you think best. but i've been around for the two big crashes - jan 2018 and dec 2018 - and they all follow the same pattern. holding through a down turn is just burning money. but like i said, do what you think is wisest. people telling you to hodl are morons out to harm you.

and yes, i holded thru 2018, like an idiot. i wont make the same mistake again.

>> No.17756768

>>17756627
DR;NS

>> No.17756875

>>17756627
I’m holding only because I don’t trust myself to buy back in

>> No.17756888

>>17756768
>>17756875
congrats on getting scammed
>3 years
>$4billion marketcap
>0 users
>0 decentralized oracles
>Linkers: This is bullish!

>> No.17756966

>>1775688
yes if btc dies it’s over for every alt. if btc starts a new bull cycle all alt gains to flow back into btc. either way link is gonna bleed out

>> No.17756997

>>17756888
even though I got anally devastated, at least I can take comfort knowing I don’t copy paste the same thing over and over again for months on end

>> No.17757019

>>17756627
If I sell my 150 LINK right now I'll get roughly $310, an amount I can get if I cut down my expenses a bit until the end of the month. I was fresh on the board during the first crash but had no idea how to get into crypto. I'm still retarded when it comes to trading but I get it that you don't have to be a complete retard to do a simple trade in this market with the whole virus thing going on. The thing is we don't know when markets are going to stabilize and this goes for all markets atm. Maybe I'll just stick to buying tether for now and wait it out

>> No.17757034

>>17753829
THIS VIRUS IS A SCAPEGOAT FOR SYSTEMIC DISASTER CREATED BY THE FED YOU FUCKING ZOOMER RETARDS THIS IS GONNA BE PAYBACK FOR 2008 AND THE ENTIRE BULL RUN YOU WILL SEE DOW 17,000 YOU WILL FUCKING SEE IT YOU LITTLE STUPID WSB SHITS YOU KNOW NOTHING ABOUT INVESTING YOU WERE JUST BUYING WHATEVER AND MAKING FUCKING MONEY IN A RIGGED GAME OF FILL THE BUBBLE WATCH IT POP BITCH YOU ARE FUCKED FUCKED FUCKED HALF OF YOU DONT EVEN UNDERSTAND HOW THE FEDERAL RESERVE FUCKING WORKS YOU STUPID LITTLE FUCKS EXPLAIN THE YIELD CURVE NOW YOU LITTLE BITCH EXPLAIN THE FEDERAL FUNDS RATE STUPID BITCH EXPLAIN THE REPO MARKET YOU IGNORANT FUCK "JUST A FLU" YEAH JUST A FUCKING FLU THAT'S HOW WEAK THIS HOUSE OF CARDS WAS YOU STUPID FUCK WE'VE BEEN TELLING YOU FOR OVER A YEAR THE FUCKING YIELD CURVE STARTED INVERTING OVER A YEAR AGO HAHAHAHAHA WERE YOU EVEN WATCHING THE DEBT MARKET YOU STUPID LITTLE BITCH HAHAHAHAHAHAHAHA

>> No.17757082

>>17757034
relax peter

>> No.17757098

This shit is going to 20 cents fuck this I'm out.

>> No.17757149

Anyone that tells you the fundamentals of the economy are strong when the very concept of demand is about to disappear for non-essential industries not named "streaming services" is a lying sack of shit or a brainlet.

>> No.17757237

>>17753996
>literal pajeet english
>"is this legit???"
Are you a pajeet yourself or something?

>> No.17757422

Btw. I'm completely out of the loop, can someone give me a short rundown on the CSW trial? Did he produce the keys, what's up with that can't find info on google about it.

>> No.17757486

>>17753911
counter argument: https://twitter.com/sasa11414538/status/1238178280295092226

>> No.17757600

>>17757034
this

>> No.17757614

>>17753829
>so what's gonna happen the next week, the next month?
no one fucking knows nigron

>> No.17757616
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17757616

>>17757422
>Did he produce the keys
no

>> No.17757633

>>17757098
thank god i bought at $.0001

>> No.17757894

>>17755138
>...yet.

>> No.17758031

>>17757894
kek

>> No.17758073

Please explain to me with concrete hopium why this isn't the death of Chainlink and crypto in general.

>> No.17758170

>>17758073
chainlink has always been a very elaborate scam, orchestrated by very cunning actors. see my earlier post: >>17755082

>> No.17758175

>>17753927
Exactly what i thought ill finally get my poorfag 1000 link stack i dont care it will be a cool mil soon. An invention that makes you have to interact less with people is a win remember that anons. This scare is all the more proof.

>> No.17758236

>>17753829
Multiple media reports on closing down the country and starting quarantine.
This is a media planned panic to hide the cause of the end of the central banking induced bubble.

With my 150k+ stack my virtual loses are insane but I don't feel anything.
Seems the previous btc market crash and bear market worked well.

I may be insane but I will try to buy more at these prices with my remaining cash tomorrow.
You may feel helpless today but in 2 days you will forget about the emotional choc of these news.

>> No.17758240

>>17758073
Defi is here to stay bro

>> No.17758252

>>17753829
I'm more of a stonks guy, but you retards convinced me to by at $.35 two years ago, and I added around $.20. So, here is my explination:

Dead people don't need stocks. Dead people don't need a virtual computer. Dead people don't need reliable oracles for that virtual computer. This is a black swan externality that transcends your 'fundamentals,' your 'announcements,' your use case. We could be entering a multi-year bear that involves extreme social unrest -- 1929 shit.

Sub $.10 should be on the table -- if not within the next 3 months, then within the next 2 years. Consider the real possibility that this bear will be worse for longer than you can imagine, and consider your hold in that context.

To be clear: I'll be holding. But here's the TL;DR: DEAD PEOPLE DON'T NEED CHAINLINK, and there's about to be a lot of dead people

>> No.17758276

Do linkies not care about the actual technology behind link being useless? They only hodl it because of memes, right?

>> No.17758326

pls buy my bags at 1.9$

>> No.17758341

>>17758073
Do you think this is the ultimate death of the entire global economy too?

>> No.17758401

>>17755132
I'm a man of my word. If it dumps more I'll buy more. I also hope someone will buy my shit off eBay during this market so I can buy even more

>> No.17758436

>>17758276
They hodl it because they believe too deeply in tech that isn't going to work without problems. It is not sybil resistant and they are still kyc'ed terminals. Buy high sell low is not a meme. It's what link marines do. When you feel euphoria, you fucking sell. This is an unregulated market that is defenseless against a recession. You idiots never learn. No matter how grandiose or innovative the tech is, your token is fucking worthless.

>> No.17758469
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17758469

>>17755132
>>17758401
Fuck me I forgot pic

>> No.17758484

>>17758252
Shut the fuck up you weak handed boomer faggot.

>> No.17758493

>>17758252
at last, someone who gets it

>> No.17758586

I'm not falling for the FUD. In 2-3 days people will be kicking themselves for not getting in at these insane prices.

>> No.17758598

>>17758236
This. They crashed it all at once so only the insiders would have time to position their shorts. If it was a slow, organic crash, plebs would have had time to adjust and possibly open short positions of their own. This is a staged, temporary crisis.

>> No.17758666

>>17758252
But old boomers who will be killed by Corona-chan don't have Link and hate crypto.
Those who sold are younger weak handed people who got into a panic while looking at the stock market and just sold everything.
The recovery could also be faster if the crash is faster.
With the current speed we may not need 3 years the reach the lowest point.

>> No.17758714

>>17758586

Anon I'm a 30k bag holder too, but in 2-3 days all US cities and travel will be on lockdown. The DOW will be in freefall, Bitcoin will be approaching $1k and Link will be 50 cents.

I hope I'm wrong, but the above has a 90% chance of happening.

And just so ya know, I'm not selling...

>> No.17758742
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17758742

>>17753880
don't think like that anon. it can be going -50% for days. one thing to remember is that if you like your coins so much, you can sell now and buy back later at a cheaper price (or better just don't buy it back, wait a few years)

>> No.17758878

who /still up/ here

>> No.17758899

>>17758714
i've made some good money mainly from LINK and a few other cryptos a little bit, but fuck, crypto is such a fucking joke. when shtf like now you really do get a perspective on things that is easy to forget when times are much softer.

>> No.17758946

>>17753880
>he bought stink over $1
lmao what a fucking retard $0.2 EOY

>> No.17758979

>>17758878
>who /still up/ here
no-one. and the real black swan, which will be when tether collapses - or the opposite, it starts to rise in price from $1 - hasn't even happened yet

>> No.17759003

>>17758878
I bought for around $1 in 2018 and sold for $4.5
just trying to figure out a good time to buy back in now

>> No.17759095

lol, since i joined this thread LINK has dropped 50c from an already maciated position. and people actually held thru it!!!!! haha

>> No.17759171
File: 383 KB, 1920x1080, MarsStarsLink.jpg [View same] [iqdb] [saucenao] [google]
17759171

>>17758899

Yeah, fucking sucks, herd mentality people panic. It's going to take a long time for Link to recover, but it is guaranteed to climb back out of this crater eventually.

>> No.17759182

>>17758979
Should I stay in dai?

>> No.17759241
File: 579 KB, 1411x2030, SmartSelect_20200313-022310_Twitter.jpg [View same] [iqdb] [saucenao] [google]
17759241

>>17753911

>> No.17759260

>>17759182
no, tether is by far the safest stablecoin. probably safer than actual physical dollars at the moment

>> No.17759284

>>17755046
Lets fucking go faggots

>> No.17759321

>>17759260
>not USDC

>> No.17759386

>>17755082
Could you explain? I'd like to know where the logic actually breaks down and where the specific holes in the whitepaper are if you don't mind.

>> No.17759402
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17759402

>>17759284
ballin

>> No.17759409

>>17758240
he says unironically as the biggest defi project faces an existential crisis on the first day of the crash

>> No.17759437

>>17759321
coinbase are the most disreputable shits in the cryptosphere. wouldnt trust them to post a letter, let alone hold billions of other people's money in a stablecoin

>> No.17759473

>>17759386
dyor, while you're still hodling lel

>> No.17759519

looks like we might breach $1 in the next few hours. fuck, this is crazy. never seen it like this before.

>> No.17759552

>>17753829
How do you take anyone seriously who says "giga crash" What does that even mean. The stupidity is so cringe

>> No.17759644

>>17755046
Roll nigga

>> No.17759646

>>17759241
Who?

>> No.17759676

>>17759646
Dyor

>> No.17759984

xd

>> No.17760014

>>17759676
Another day, another scam shitcoin partnership that’s never heard of again.

>> No.17760402

>>17755343
I picked up another suicide stack for $1, shit was cash.

>> No.17760487

I'll hold my stack to $0 if that's what it takes kikes

>> No.17760546

How are you niggers hitting the sell button when we were $4+ a week ago?... big ooffffffff

>> No.17760556

>>17760487
BASED AS FUCK YOU ARE A GOD AMONGST MEN SAME HERE BRO ITS ALL POSITIVE THOUGHT HAHAHAHAH

>> No.17760685
File: 135 KB, 1440x1412, Screenshot_20200312-192801~2.png [View same] [iqdb] [saucenao] [google]
17760685

What the fuck

>> No.17760688

>>17760487
this is exactly what we're on fellas

>> No.17760787

>>17760685
the buyers are higher bc they include people who bought back in somewhere along the line, thinkng it was going up again. it's a misleading stat.

>> No.17760811

>>17757034
DN NS
BIG BAGS SOON BROTHERS

>> No.17761043

>>17756627
My dearest friend, 'tis with immense pleasure that I inform you that your letter has found safe travel to my destination and landed in my hands. However, this pleasure was fated to remain short lived and bittersweet, for I must also admit to you, regardless of what distress it may cause to you, knowing you went to great trouble to pen it and deliver it to me, that I in fact declined to open it and refused to read the message contained within. Surmising your intentions, there exists no doubt in my heart regarding your sincere worries for my financial well being, but alas your attempts to convince me to modify my investment strategies shall regretfully remain futile, as my stubbornness in this matter has indeed been sealed irrevocably and no other voice shall rock its imperturbable foundations. Allow me then to reiterate my will once more, and do your best to forever remember it for no change will follow: I shan't part ways with my beloved asset for it is my utmost belief that I have invested wisely and foresee infinite potential in its future, and therefore no other possession in this world shall change my decision, not even a mountain of gold! For my possessed asset is indeed fated to be worth more than any other riches in the world. We shan't speak of this no more. Sincerely yours, your beloved friend.

>> No.17761074

>>17753996
it's the same pajeet posting this in every single chainlink thread.

>> No.17761100
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17761100

hands got shaky at $1.6 not gonna lie but i held

>> No.17761372

>>17760487
+1 literally count me out of circulation aswell,not trading ,swinging and selling.