/biz/ - Business & Finance

[Anonymous No.28434589]

Can someone tell me why is Chainlink underperforming so much?

I dont know the project much (I am overdiversified in top crypto) but I am seeing this is one of the few coins not pumping.

Were there some bad news I was not aware of?

[Anonymous No.28434688]

>>28434589
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team.

[Anonymous No.28434691]

>>28434589
>Were there some bad news I was not aware of?

Yeah, one of the devs is a tranny

[Anonymous No.28434846]

>>28434589
manipulation coupled with Sergey dumping millions/week.

Reminder once Sergey runs out he will just create more tokens for himself. Then he will dump. Rinse and repeat

[Anonymous No.28435009]

>>28434688
Wasnt this like long time ago? It wouldnt have pumped to $20 in August 2020

>>28434846
Is there some news or proof of this?

[Anonymous No.28435836]

All's you need to know that it is being manipulated for reasons your average Chainlink investor has no clue as to why

Somone who's in the know but has a strict NDA

[Anonymous No.28435947]

>>28435009
Well it was 350,000,000 circulating a year ago then about a week ago was 400,000,000 and now its 405,500,000 today so yeah that fat fucking scammer has a fetish for dumping on everyone's head...supposed to be for development but what on earth did he need another 150,000,000 dollars for this week the cunt

[Anonymous No.28435980]

>>28435836
can u give us a timeline or something at least?

[Anonymous No.28436042]

>>28434589
IOTA

[Anonymous No.28436154]

>>28434846
The person who pasted >>28434688 cannot respond to questions asked in English.

>>28434589
The current token price has the Chainlink network running close to a 50% loss against GAS fees. The subsidy required to offset this is substantial and creates a situation not unlike the Sword of Damocles that hung over the ICO bubble when people realized the devs would have to cash out their ETH to get fiat to keep the lights on. It's like that but on a much smaller scale and there are China whales that are suppressing the token price because it causes negative feedback that allows them to exchange ETH for LINK at an ever more favorable rate.

It's far from ideal and a bit toxic until layer 2 comes out and Sergey can either continue drowning us unnecessarily or force a liquidity shock that BTFOs the China whales. That is when we find out if he is with them or against them.

[Anonymous No.28436182]

>>28435980

Sooner than you think and that's all I'm at the liberty of saying right now.

If you only knew...

[Anonymous No.28436196]

>>28434688
>Bunch of 4channers tried to force it as /ourcoin/
Yeah they were totally 4channers mate

[Anonymous No.28436198]

>>28435947
How many big macs does one man even need?

[Anonymous No.28436392]

>>28436182
up or down?

[Anonymous No.28436401]

>>28436196

[Anonymous No.28436622]

>>28436182
>any day now marines!

[Anonymous No.28436651]

>>28435836
>>28436154
Stupid question but.. Why would they manipulate the price? Also, should I be worried about something?

>>28435947
Do you think this affects the price pump? Also, I think this would be good on the long term isnt it?

[Anonymous No.28436773]

>>28436042

[Anonymous No.28436787]

>>28436622
HODL MARINES

[Anonymous No.28436848]

>>28436182
Every one of you slippery nerds says "soon".

[Anonymous No.28436917]

There are a bunch of misguided bagholders from 2017 who are so deep into their sunken cost fallacy they don't realise they could've halved their stack at $20 and made it on moons like ETH and GRT. The project itself is headed by two inconsistent no-name devs(apart from LINK obviously) who go months without providing any updates except editing documents on github.

[Anonymous No.28436940]

>>28436182
stop larping, v 0.0.0.0.1 or v.0.0.0.0.1.0.1 is coming out, this will not be a game changer for anything.
>>28436622
image chainlink team was developing ethereum. omg what a failure it would be, 12 years of development. ethereum would be useable in 2025

[Anonymous No.28437024]

Apparently the LINK team custom-wrote an oracle for APY
Could be why they've been so busy, what with the YEARN hack

[Anonymous No.28437158]

>>28434589
Arbitrum will be released in the next 24 hours

[Anonymous No.28437275]

>>28437158
>Arbitrum will be released before eoy2020
Sound famililar?

[Anonymous No.28437356]

>>28435009
Because market conditions and volume traded is against the favors for rising price in big jumps.
ChainLink is a baby, nursed baby with diapers, stability is the key.
>oh but you talk this big shit, but say completely nothing anyway
Yes, because if you want true answer, I need to make you 24th podcast about everything. It's information overload, it's just to much information to talk about and connect everything together, that's the reason nobody is talking about ChainLink in depth anymore on /biz/, it's just to much information to shrink into posts. Memes are easier.
>>28436917
>muh day trading, I'm ages ahead of you, uh, i'm not scared of risk, i'm alpha, look at me, I can connect past events and give an advice on it for you

[Anonymous No.28437391]

>>28437158
it's all so tiresome. I'm not coming back til we breach 40

[Anonymous No.28437398]

>>28437275
Nope. Source confirm to me

[Anonymous No.28437474]

>>28436622
It is done, but not released yet

[Anonymous No.28437477]

>>28436182
Be careful super secret agent anon, they literally sit here waiting to catch leaders here who might encourage some neckbeard here to throw his lunch money about...fuck off and give up the larp and go back to your circle jerking on Twitter.. link is dead and I say that as a holder since 2017..I'm dumping...thanks but fuck off im not missing the bull run hol ding this for schizo breadcrumb bollocks anymore

[Anonymous No.28437493]

>>28437356
nice projection mate

[Anonymous No.28437549]

>>28437158
If only we could bet on that in some kind of smartcontract.

[Anonymous No.28437556]

[Anonymous No.28437587]

>>28434589
Found your problem OP

>>28436196

[Anonymous No.28437627]

Iota killed the momentum Link had when they released their new oracles. Sorry but I sold all my Link for Iota because clearly Iota is the superior project

[Anonymous No.28437712]

ITT: newfags replying to stale copypasta

[Anonymous No.28437865]

https://venturebeat.com/2021/02/11/r3-launches-confidential-computing-platform-conclave-for-enterprises/
>In the first case, a bank sending data to a cloud provider can be sure the cloud provider can’t access the underlying data. In the Conclave example, a customer sending sensitive data to a bank to be analyzed can be sure employees of the bank can’t see or access the data.

>a customer sending sensitive data to a bank to be analyzed can be sure employees of the bank can’t see or access the data.

[Anonymous No.28437905]

>>28436651
because stinks are one of three things to be holding in the 4th industrial revolution. the other two are bitcoin and eth. make sure to have your bags packed because link is the last ride to lambo land.

[Anonymous No.28437978]

>>28437556
LOL

[Anonymous No.28437993]

>>28437905

And what does this have to do with underperforming?

[Anonymous No.28438064]

>>28437556
>kleros court
kek

[Anonymous No.28438094]

>>28435836
>muh google will invest in my cayman islands shitcoin soon!!!
desperation

[Anonymous No.28438122]

>>28437391
I feel that once we hit 30 we will see faster growth and then stall again. Unless a bunch of normies start buying more link.

[Anonymous No.28438159]

>>28437993
you being a faggot

[Anonymous No.28438166]

>>28434589
Sergey dumps to make payroll

[Anonymous No.28438206]

But it’s literally pumping right now

[Anonymous No.28438261]

>>28438122
We wont hit 30 until another month. By the time we get to 40 the bull run will be over.

[Anonymous No.28438271]

>>28434589
Linkers on the LTO generals have been diversifying as they did the LTO math.

[Anonymous No.28438285]

>>28437905
Sorry but IOTA will rule them all

[Anonymous No.28438288]

>>28437556
the pajeets always were the architects of chainlink's rise to glory, and just as well india has the power to crush it mercilessly. sirs

[Anonymous No.28438388]

>>28438206
Yeah pumping toward 0. What a waste of an “investment.”

[Anonymous No.28438449]

>>28438206
Have you compared against other coins?

I dont feel pressured or anything since I am diversified but its rare to see A LOT OF COINS, even shitcoins pumping and then you have Chainlink with very few gains...

I thought there were some bad news like Ripple SEC or something but I cannot find anything,.

[Anonymous No.28438487]

>>28434589
It’s just CZ being CZ. Not the first time and won’t be the last.

[Anonymous No.28438540]

>>28438261
and link we stay are 40 while everything else shits the bed. thats the difference with link

[Anonymous No.28438838]

>>28438540
Lol no its going to dump hard as fuck when bitcoin does

[Anonymous No.28438936]

>>28438540
Its easy to make gains in bear market when literally no development is happening and when no other coin has hype. Things are different now.

[Anonymous No.28439072]

>>28438936
>Its easy to make gains in bear market
:/

[Anonymous No.28439074]

>>28438936
This. The only coin going high will be Iota since it literally solves all problems that exist

[Anonymous No.28439423]

>>28438936
this just sold

[Anonymous No.28439744]

>>28438936
Lol smol brain

[Anonymous No.28439755]

>>28436154
none of what you said is true

[Anonymous No.28439981]

>>28438540
Absolutely delusional

[Anonymous No.28440026]

>>28437556
top kek

[Anonymous No.28440106]

>>28437474
What are they waiting for? I get that they don't want to release it before it's needed or whatever, but when is that actually going to be?

[You didn't listen to DAGboi di(...) No.28440346]

Because we sold for nano. Why do you think it's doing a 10x this bull run and LINK has done a 15%.

[Anonymous No.28440356]

unironically, I'm with Sergey all the way because he reads Plato

[Anonymous No.28440560]

>>28438285
no one wants your 2017 bags faggot

[Anonymous No.28440648]

>>28439981
link is the top performing coin in that brutal bear markey but you must be a new faggot. go back

[Anonymous No.28440951]

>>28440560
you seem scared of iota. you should be

[Anonymous No.28441145]

>>28436182
kys larping faggot

[Anonymous No.28441378]

>>28435836
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

[Anonymous No.28441500]

>>28434589
(((whales accumulating))) b4 steak

[Anonymous No.28441545]

>>28438540
It will go down to $4 while the majority lose 95% of their peak value. Some may still be ahead and if the LINK-ETH exchange rate is still shit and there is still no layer 2, then it will be a struggle to keep the nodes running.

[Anonymous No.28441706]

>>28439755
The nodes are in profit then? They're being paid enough in LINK tokens to sell that LINK to ETH to pay for GAS and still have LINK leftover to line their pockets? They aren't being incentivized/subsidized by part of the weekly dumps?

[Anonymous No.28442206]

cant stop wont stop holdin this link

[Anonymous No.28442253]

>>28440648
If you measure from the 2018 market top because link didn't moon. If you measure from the start of the 2017 bullmarket link does shit. The state of cope for linkies right now

[Anonymous No.28442311]

>>28441378
>any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency

What the fuck sort of dev has a boss that would

a) Know what they were talking about and
b) Give a shit?

Does the code fucking compile and does every cunt get paid? Yes? Great, get on with it.

[Anonymous No.28442480]

>>28440106
Never because the token is literally not needed

[Anonymous No.28442562]

(((They))) are Davos niggers like Sandro Salsano and institutions in general. Basically jews and crypto jews (proxy jews). You need to understand that the data worth trillions in value that smart contracts will unlock is dependent on decentralized oracles and LINK monetizes that value through collateral. LINK is following Wyckoff Distributions like clockwork. They are doing everything they can to shake people out and then will expand the price so quickly those who left will be priced out. Crypto is 100% unregulated and price action is completely dictated by whales and large players. Only they decide when it moves. There isn't a single other project in all crypto that has even remotely the same value proposition as Chainlink. Its not even close. Once staking is online and matured it becomes a positive feed back loop of network growth directly translating to increased token value growth which then in turn allows for more network growth as less LINK is needed to secure the value already being facilitated in contracts.

Other things also moon alternative to LINK so you sell and chase those. Sometimes you can get lucky and swing back into LINK but eventually people will get burnt so hard and it never retraces even remotely low enough. LINK is eventually going to be number 2 MCAP surpassing ETH. It amazes me that people still have no idea what LINK will do in the coming years.

[Anonymous No.28442605]

It's an overhyped shitcoin that solves a problem that only exists in it's bagholders brains.
The only person endorsing this trash is Klaus Schwaab some completely insane globalist that wants you to eat bugs and be poor.

[Anonymous No.28442666]

>>28434589
All the FUD and overall shitting on LINK is a strong buy sign to me, anons. Gonna go put some money in this paycheck. See you at 400 EO conservatively
Oh and check 'em.

[Anonymous No.28442743]

>>28442666
EOY*
Also checking myself because I am a lil' devil.

[Anonymous No.28442780]

>>28437158
You're telling me in the next 24 hours Arbitrum is going to solve the gas problem and continue the bullrun? What is this, Christmas morning?

[Anonymous No.28442821]

>>28442666
Hi Satan. Checked.

[Anonymous No.28443029]

>>28434589
Sergey was caught on camera beating up random niggers in the street.

[Anonymous No.28443193]

China is trying to kill off the main cryptos like Bitcoin, Ethereum, XRP, and LINK. Whether it’s to pump the alts or whether it’s to drive out current investors is a question. ETH has also been underperforming dramatically as well. Look at LINK or ETH’s 1min chart. Every time they start to get a little wind in their sail, some asshole swoops in and sells a bunch to create the illusion of weakness. Last week when Tesla announced it purchased BTC, over 80% of the money flowing into the markets was to Ethereum... yet when you look at the charts, you can see ETH WANTING to go up but outside forces are preventing any sort of rally. There’s no doubt that Ethereum, ChainLink and others are being manipulated and their prices suppressed. China appears to be the main culprit, with F2Pool selling off shit loads of Bitcoin at the most suspect of times, like when Bitcoin is getting ready to break resistances or Fibonacci levels. This is classic market manipulation but since it’s China, they can evade US law. This is what Hollywood movies are made about.

[Anonymous No.28443241]

>>28434589

[Anonymous No.28443298]

>>28442562
The singularity, when it hits, will be so sudden and so extreme that the ramifications will be felt significantly outside of the crypto world. There is no 4IR without LINK. I've said it before but Assblaster's posts should be mandatory reading for all the newfags who pollute this board during each bull market.

[Anonymous No.28443349]

>>28434589
it truly is a mystery

[Anonymous No.28443443]

>>28434589
It's a JSON parser and it really does nothing special that anything else couldn't do.

[Anonymous No.28443684]

>>28443193
China doesnt like what it cannot control or manipulate easily. So Crypto was a huge issue for them when trying to take on the USD. Basically they are losing on both fronts.

[Anonymous No.28443795]

>>28437865

>ctrl + f chainlink
>0 results

[Anonymous No.28443851]

Test your might

[Anonymous No.28443881]

>>28438936
>Its easy to make gains in bear market
t. rajesh sundaresh

[Anonymous No.28444074]

>>28443193
>I can't rationally explain what is going on so I will blame China
Ok boomer. The coin obviously isn't what the public perceives to be valuable. You can either sit on the side and blame China while you hold your shitcoins or you can sell for coins that will go up. Your choice.

[Anonymous No.28444322]

>>28443684
Its better for China if more people ditch dollars for crypto because it just causes more dollars to stay in circulation which will bring on the crash even faster

[Anonymous No.28444432]

Wow, this entire thread almost is composed of fud posts. That's amazing! I'm beginning to get quite excited by all this, as massive coordinated fud can only mean they're getting desperate.. guess what guys? I have an absolute TON of Link and none of you are getting hold of any of it! How about those apples? KEK, I love this!

[Anonymous No.28444507]

>>28444432
Take your meds. I bet you believe in Q too.

[Anonymous No.28444571]

>>28444432
>I have an absolute TON of Link
Sounds like a nufag. How many is a ton?

[Anonymous No.28444679]

>>28444507
Nope, I believe in solid investments and spotted Link a long time ago as being one. Odd that you should be hanging around a thread about a coin you're not interested in, huh? Kek, you lose!

[Anonymous No.28444684]

holy shit, retards are answering three years old pasta, biz truly is done

[Anonymous No.28444819]

>>28444571
I scooped up 50k Link shares and am planning on buying even more at these prices, before Link truly zooms up the hit parade of cryptocurrencies to the number one spot

[Anonymous No.28444960]

>>28434589

I think it's a shitcoin but it will definitely pump hard this year, just hope people know when to cash out.

[Anonymous No.28445050]

>>28444571
How many Links do YOU have in your crypto wallet? Bet it's not much. You probably hold dogcoins too KEK

[Anonymous No.28445116]

>>28434589
One of the factors is definitely suppression.

They used every trick in the book to keep Link below $28 today.
See pic.

[Anonymous No.28445314]

>>28444679
Because you retards spammed the board for years only to get your shit pushed in during the golden bull. Get raped.

[Anonymous No.28445375]

If Chainlink is in such a mess, then what should an ignorant fool invest in if you just want to see some growth to sell at a later time?

[Anonymous No.28445407]

>>28444819
>shares
Q boomer confirmed.

[Anonymous No.28445443]

>>28442311
Go back

[Anonymous No.28445485]

>>28445314
>YOU POSTED ABOUT LINK TOO MUCH SO NOW I'M BUTTHURT

[Anonymous No.28445543]

>>28445375
Iota. They do everything better

[Anonymous No.28445599]

>>28434589
It was a meme from the start.

[Anonymous No.28445784]

>>28443193
>Bitcoin, Ethereum, XRP, and LINK

one of these things is not like the others, one just doesn't belong

[Anonymous No.28445839]

>>28445543
Iota has been around for longer than Chainlink, and has 0.00001% the actual usage Chainlink has in Defi right now.

[Anonymous No.28445857]

30k linkies (ticker: stinkyLINK) reporting in

[Anonymous No.28445892]

>>28434589

You had 3 years.

[Anonymous No.28446493]

>>28445407
You don't believe I have chainlink shares? You should stick to robin hood app on your cellphone and buy gameshop. this board is for cryptoheads, baby, and I'm head honcho

[Anonymous No.28446991]

>>28445050
Top 500 wallet. Shitting with uncleoldfaq since wen it was under a quarter. You've got a nice stack too.

[Anonymous No.28447040]

>>28437865
>>In the first case, a bank sending data to a cloud provider can be sure the cloud provider can’t access the underlying data. In the Conclave example, a customer sending sensitive data to a bank to be analyzed can be sure employees of the bank can’t see or access the data.
>>a customer sending sensitive data to a bank to be analyzed can be sure employees of the bank can’t see or access the data.
Holy shit

[Anonymous No.28447248]

>>28437865
Did they build DECO while Ari was busy theorizing it?

[Anonymous No.28447445]

>>28447040

Is this supposed to be a DECO breadcrumb?

If so, hype, but I feel like DECO is about 50 years out at the rate that the team is moving rn zzzzzzzzzzz

[Anonymous No.28447564]

>>28444074
>Dictator apologists
Just cuz you like licking their balls dont mean they don’t see you any different from everyone else. They hate us and they hate not having control over our currency. With the US dollar they can easily drive the buying power down to make their new digital yen the new global standards...

[Anonymous No.28447726]

>>28437158
7/8 digits match OP. Different values are 9 and 1. 9:1 odds is true. I'm buying more LINK.

[Anonymous No.28448320]

>Another LINK thread with people arguing over the price

None of it matters, my stack is for staking, I don't give a shit if it's $10 or $1000 in still buying every week

[Anonymous No.28448932]

>>28434589
Oh look, it's this thread again! Time to buy more!

[Anonymous No.28449209]

>>28436198
>one man
he a very big fat man
thats many big macs

[Anonymous No.28449672]

I bought at $0.3. I’m happy with the price

[Anonymous No.28450243]

Test your might

[Anonymous No.28450611]

>>28442562
>LINK is following Wyckoff Distributions like clockwork.
How can I profit off this?

[Anonymous No.28450709]

>LINK is underperforming
Oh I see, this is your first bullrun.

[Anonymous No.28451053]

>>28447248
it is deco you fucking retard

[Anonymous No.28451560]

[Anonymous No.28451882]

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's $20/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.