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21453978 No.21453978 [Reply] [Original]

I've been holding LINK since 2018 and I've never been able to understand why everyone is so bullish on staking. Staking always caused dumps, tokens get locked and whales sell for profits and your staking rewards aren't worth shit anymore.

Not to mention the fact that supply will actually increase since node operators will be getting paid from the 650m. inb4 linkies will be locked in nodes, you can still sell them by paying some fee probably.

Also neet nodes will never happen because big name companies will be running their own nodes so your best bet is to get into a staking pool and kike out 25% or more to the staking kikes (horserimmers).

Honestly LINK as a project is great but I think staking won't have a positive affect on the price like everyone is suggesting.

What do you guys think?

>> No.21454018

staking causes dumps when it's just a shitcoin scam that has no reason for staking to exist

do more research on chainlink and what it does

>> No.21454225

>>21454018
I'm aware of how staking will work for LINK, hypothetically it's perfect. But irl people will want to dump, especially if the price goes high.

Let's say you're staking 10k and the price is $200 and you get 10 linkies a month as staking rewards (probably too high anyway whatever).

So you get 2k a month while putting 2m as collateral. Why wouldn't people just sell the 10k and take the easy money?

Also there's no guarantee that a corona like even won't happen again, what happens when the price dumps 50% and your staking rewards go to shit

>> No.21454275

>>21454018
>DYOR
every node is currently being subsidized by the CL dev wallet. This is hardly sustainable and will be even less so when they have to pay out to every wannabe staker. The fact is that CL as a network generates 0 revenue currently

>> No.21454502

>>21454275
Theoretically, people would have to purchase link from the exchanges to pay for the nodes they want to use but I don't think that's gonna become reality

>> No.21454670

Drns

>> No.21455325
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21455325

bump

>> No.21455448

>>21454225
Because I actually have a brain?
The 10k link is your retirement fund.
The staking rewards are your made it income.

>> No.21455596

>>21455448
I'd rather have the 2m cash then 2k per month anon

>> No.21455614

Bump. Want to know more about this as OP's thoughts are my own.

>> No.21455993

>>21455596
If you can find higher returns, sure.
But most people are okay with earning 5% a year.
The stock market has only average 7% per year and people still invest into that.

>> No.21456022

>>21454225
Staking rewards will be more than 1%pa
Try 3 - 5% so off 2,000,000 you're looking at $8333 a month at 5%.
You keep most of it as link and plow it back into the node so next year will be closer to 10k a month. The holding of link to put into nodes drives the price up very substantially.
So you now get paid 0.1LINK a month which is worth 15k and your initial 2 million worth of link plus 500,000 from staking is now worth 15,000,000.
Rinse repeat retire recreate rambogini

>> No.21456119

>>21454275
But he can sustain this for decades with his current stack valuation.
I am curious to see how long he will have to pay for it.
I hope we won't be asking that question next year.

>> No.21456141

>>21455993
worst case scenario you can buy some property and rent out

>>21456022
like I said all of that sounds great on paper but the price of the LINK token will not be stable and even if the tokens are technically locked, the circulating supply will still increase as people sell their rewards

>> No.21456300

>>21456141
Yeah but its not intended for retail investors - institutional money will be buying

>> No.21456313

>>21456141
But more big business will be buying it to fund api calls.
If a big diFi business doesn't have link and lots of it 10 years from now then they won't be in business at all.
Sure there will be proffit taking but why sell for 2 million when you can get 100k a year which will compound. Not to mention the fact that the inflation from higher circulating supply will be orders of magnitude smaller than the inflation you would be victim to if your 2mil was in fiat

>> No.21456550

>>21456300
do you think they'll be buying OTC from sergey or on exchanges?

>>21456313
yea cashing into fiat is probably the worst thing you can do, you'd be investing that 2m too obviously but in less risky assets

also was the 5% per year confirmed anywhere?

>> No.21456789

This thing is almost now the biggest scam ever perpetrated

>> No.21456901

>>21456550
I guess it depends on what you determine to be more risky.
I see much more growth possible in link vs real estate. The more capital in link, the more stable it will become.
5% is just a reasonable number that anons estimate.

>> No.21457519

>>21456550
No but this is crypto so its all hypothetical. 1% is worse than a savings account though.
Don't forget that at this point in time LINK will be considered as safe an investment as amazon stonks