/biz/ - Business & Finance

[Anonymous No.25868531]

>today, chainlink holders paid Linkpool $100,000 in market dumped tokens
>this is just one single day
>one single node out of hundreds
>holders of linkpool are celebrating the fact that they were given 5 LINK each
>in reality this amount doesn't even cover the value lost from the dilution of their 10k stacks
sergey is going to have to start dumping far more to subsidize this piece of shit network. When ETH was $400, $15,000,000 per week was enough. Now that it's $1200, he'll need $45,000,000 per week. Either LINK goes to $45, or he dumps 3,000,000 tokens every single week.

[Anonymous No.25868644]

>>25868531

Nobody cares anymore, Link is going to $1000 and there’s nothing you can do about it. Nobody on here is selling, you can get my linkies for 1000$ a piece.

[Anonymous No.25868685]

>>25868531
linkpool profit goes to linkpool holders, who as you already know are never fucking selling

[Anonymous No.25868841]

>>25868685
>in order to finance the nodes, sergey has to increase the circulating supply by .25% every week
>1 linkpool makes you 5 link
>this link is paid for by the dumps
>for every linkpool + 10k link, you need to be given 250 LINK every week to break even
you're losing 245 LINK of purchasing power every single week, and celebrating for some reason. Congrats on your big win, anon.

[Anonymous No.25868878]

>>25868685
The absolute state of Linkies. The network would collapse without subsidization, Link is literally dead

[Anonymous No.25868931]

>>25868531
>Either LINK goes to $45
you're catching on

[Anonymous No.25868979]

have a listen to you lot, complain about the distribution, say Sergey won't use his tokens to jump start the network as promised, now hes jump starting the network and shifting more token out of his wallets you still complain. useless brainlet no link/linkpoolers

also, tsigs will fix the eth costs for node operators, so get fucked

[Anonymous No.25869007]

>>25868931
The more he inflates the circulating supply, the more money required to pump LINK back up to the previous week's price levels.

>>25868979
>the dumps are bullish because it's more decentralized now
is this 2019 ironic shitposting?

[Anonymous No.25869015]

Low quality fud again

[Anonymous No.25869039]

>>25869007
That’s not how it is works lmao

[Anonymous No.25869096]

>>25869015
>anything I don't want to hear is fud
https://market.link/metrics
Today, the incentive wallet needed to pay 900 ETH to subsidize the gas prices. That's just over a million usd. In a single day. Just because it's bad for your investment doesn't mean it's fud.

>>25869039
>increasing the circulating supply doesn't decrease the price
the absolute state

[Anonymous No.25869133]

>>25869007
i bought LINK cause its magic you fat mother fucking piss horse bitch faggot nigger

[Anonymous No.25869192]

>>25868531
>>25868841
>>25869007
>>25869096
youre digitless no magic
>>25869133
i get the digiy cause i rep LINK NIGGA

[Anonymous No.25869205]

>>25868841
>>25869007
>>25869096
>I will post brainlet wojaks, that will surely make them feel stupid and convince them of my superiority when it comes to judging the LINK ecosystem

[Anonymous No.25869257]

>>25869096
>increasing supply doesn’t increase price

You know bitcoin increases supply at a steady rate also?

This is normal cryptonomics

[Anonymous No.25869357]

>>25869257
Bitcoin is increasing 2% per year.
Chainlink at this rate is increasing 12% per year

[Anonymous No.25869417]

>>25869257
>a % increase of .00075% per week is the same thing is a .025% increase per day
>bitcoin and chainlink are anything alike

>>25869192
>>25869133
>number will go up regardless of fundamentals because DIGITS
checkem

>>25869205
>I'll post basedjaks, that'll mean I don't have to engage with the fact that my shitcoin is worthless and I'm being dumped on!

[Anonymous No.25869422]

>>25868531
aww did you miss out on linkpool? many such cases. sad.

[Anonymous No.25869431]

>>25868685
Dear god

[Anonymous No.25869703]

>>25869357
So the price will go up even faster

[Anonymous No.25870105]

>>25869417
>>I'll post basedjaks, that'll mean I don't have to engage with the fact that my shitcoin is worthless and I'm being dumped on!
Let's be real, engaging is just a waste of time. You obviously made up your mind, Linkies obviously made up theirs. At this point whether you think LINK is a scam or not is based on trust in the team, which is the case with many if not all startups. They outlined their plans for the tokens in the ICO, and are now sticking to that plan while not responding to any inquiries into the matter, which I understand. I also understand why noLinkers would think that is shady.

What I don't get is why detractors of the project feel the need to shit on it constantly and follow it closely. We all know you're not shorting, so the only possible "reward" in that sense is the ability to say "I told you so!" if the project does fail in the end. Which is funny, because ever since early 2019 Chainlink and Linkies have done nothing but winning both in terms of development and price action. Seethers gonna seethe I guess.

[Anonymous No.25870179]

>>25869357
12% is good because the new retail investors will absorb it when the altseason starts.

Also when ETH 2.0 is active, these gas fee problems and others will be a thing of the past and the most important thing is that staking will put everything in its place.

[Anonymous No.25870315]

>>25870105
>reasonable post on /biz/
Rare. I'll respond in the same way.

>What I don't get is why detractors of the project feel the need to shit on it constantly and follow it closely.
It's all over /biz/ every single day. Everyone who visits this board looks into chainlink at some point. You either become convinced that "meme magic is real 1k EOY" or you become extremely jaded that something which appears to be a scam can be so successful when (insert my favorite shitcoins here) don't do nearly as well. People on /biz/ are new to investing and emotional, so they feel the need to attack what they perceive as bubbles, because seeing (apparent) bubbles going up worries them that their investment outlook and understanding of the future development in the space might be wrong.

>ever since early 2019 Chainlink and Linkies have done nothing but winning
If you bought prior to October 2019, then you've made a very slight amount of money against BTC. If you bought in since then, you've lost money. And if BTC goes to 50k or LINK goes to $10, then this is only going to get worse. Eventually I believe even buying LINK at 20c will be a mistake when you could have just bought BTC. Looking at in from another perspective, you could say that ever since the coinbase pump, it was better to swap your linkies to BTC because you'll have made more money. So the "winning" attitude isn't that good. And price go up doesn't always mean product more gooder.

[Anonymous No.25870942]

>>25870315
>so they feel the need to attack what they perceive as bubbles, because seeing (apparent) bubbles going up worries them that their investment outlook and understanding of the future development in the space might be wrong.
Interesting take, might have some truth to it. For most it is probably the self flagellation their egos inflict on themselves for having "known" about an asset before it went exponentially up in value. See /r/buttcoin for a case study on how this spawns very contradictory and odd behaviors.


>If you bought prior to October 2019, then you've made a very slight amount of money against BTC. If you bought in since then, you've lost money.
Although I see the point you are trying to make, cherry picking timeframes to judge the worth of an investment is not a productive exercise. Unless you manage to time the absolute bottom and absolute top of the #1 top performing asset in the world (in an arbitrary timeframe), someone can always draw up the comparison to whatever you invested in and tell you "hah, you actually LOST value versus this asset!". In my eyes that's a moot point to make.

LINK ICO was $0.14 in 2017
LINK peaked at $1.20 in 2018
LINK peaked at $4.50 in 2019
LINK peaked at $20 in 2020

No matter what BTC does, it doesn't change the fact that LINK has been one of the best performing assets of the last few years. That being said I do believe LINK will outperform BTC again in 2021.

>Eventually I believe even buying LINK at 20c will be a mistake when you could have just bought BTC.
Whether LINK does outperform BTC or doesn't, I think you are in the wrong mindset. Making money is making money. Don't kick yourself over missed opportunities. I'm about 40% BTC and 60% LINK. My 2020 has been very good.

>t. 2017 SIBOS linkie

[Anonymous No.25871054]

>>25870315
> Eventually I believe even buying LINK at 20c will be a mistake when you could have just bought BTC
Holy fuck how retarded are you, people who bought link at 20 cents even in 2018 when bitcoin was at around 4K - let’s do the math and I’ll assume bitcoins ath price and links current price just for fun faggot
Bitcoin: 4K -> 42k ~ 10.5x
ChainLink: $0.2 -> $15 ~ 75x
So bitcoin would need to outperform link by 7x to just catch up at today’s prices. The kicker is link hasn’t lost value against bitcoin over the past month if you look at the weekly btc/link pair. Link has more or less held its value against bitcoin over the past month while bitcoin rose. If you are truly this stupid to believe that alts won’t outpace bitcoin this year, then that’s okay. We’ll all get rich off of 15-50x gains while you enjoy your 10x gains this year

[Anonymous No.25871416]

>>25868531
LINK will go back to $5 and then do nothing for a year. You had your 200X ICO prices. It's all but over.

Glitch will moon the hardest in January.

[Anonymous No.25871601]

>>25868531
I've been trying to warn non-LP holders that this would happen for years. "Holding Linkpool is a long leveraged position on the growth of the network" irregardless of LINK price action. Some listened, some didn't.

[Anonymous No.25871618]

>>25868531
i screamed about it like 10 times here, 1M weekly dumps to keep insolvent jobless network running.

plenty of evidence out there

[Anonymous No.25871662]

>>25871416
This. Everyone thinks LINK will moon when in reality if staking is literally ever released it will have its final pump to ATH, then shit the bed

[Anonymous No.25871899]

>>25871662
Introducing small amounts of inflation into the system is a very normal procedure. How do you think PoW chains work anon? Did you drink the "deflationary" cool aid to the point where you think BTC and ETH don't experience an increase of circulating supply? Another 2.5M bitcoin will be added to the supply this century (very low, granted) and ETH doesn't even have a cap. Ethereum's supply almost doubled from 2015.

Chainlink will be fine.

[Anonymous No.25871933]

>>25870179
We don't even have to wait for ETH 2.0. Off chain reporting is coming very soon and will decrease node running costs by magnitudes thus decreasing sell pressure. Once it's out, we moon.