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

/biz/ - Business & Finance

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30395236 No.30395236[DELETED]  [Reply] [Original]

Listen up faggots, biz has gone to shit, but I know a lot of OG’s still lurk around here since a lot of people still remember Oatmeal bro last time he made a thread. So I will give you some spoonfeed on what is going on.

All the crying and demoralization threads on LINK are from newfags expecting to get rich overnight, and to be fair LINK has done absolutely terrible in terms of price action this bullrun, but that doesn’t matter.

The truth however is , that holding LINK now is much easier than back in 2017. You can deposit some link as collateral on aave, borrow stablecoin and farm 80% apy on bancor with it. And there are a lot of other strategies. I can guarantee you most OG link marines are easily farming 1.5 k USD daily with their Link stack, if not you need to crawl out of your shithole. We have already made it, and we are staying in LINK because its undervalued as fuck. We have used 10% of our stack back then to diversify in lend, bancor, rsr, grt, snx because they are OG link partners and those have each went at least 100x as well, to be fair we are comfy as fuck and we dont need to be around here anymore.

Believe me I get 15 k usd a day in passive income and I can’t even spend 1 k a day even if I tried my hardest, so at a certain point there’s no use in the coin even mooning further except for even more power and freedom and potential to be part of the future elite.

>> No.30395291

Now on to what LINK is doing. You know they have open source code and copy cats plagiarizing oracle projects like band ,dia, trb etc are all just chilling waiting to copy paste and fork the code. Yes that can be done easily. That is why chainlink is building like a mofo. They are setting up foundational pillars globally. They have now at least 13 headquarters spread around the globe. They are hiring the best researchers. They are positioning themselves for hypergrowth and for that goal they have been dumping LINK to use as grants and to subsidize this shit. They have been spending BILLIONS on both virtual infrastructure as well as real life infrastructure. Yeah sorry , copycats protocols can fork code but they cannot fork market cap, how they wish they can spend like chainlink is doing without price dumping to oblivion. LINK is getting a free pass to set themselves up for world domination for spreading their claws everywhere with their massive budget, they know other projects can fork their code but they cannot fork their network. And that is why they are spending so much and setting up so much.

Be patient and enjoy what they are doing.

1000 eoy is fud.

>> No.30395297
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30395297

>>30395236
DNR a single word. Faggot

>> No.30395323
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30395323

Financial obliteration

>> No.30395348

>>30395236
>>30395291


Thanks for the hopium ..

>> No.30395429

>>30395236
Thanks bro, needed that

>> No.30395445

>>30395236
Bullshit

>> No.30395563

>>30395236
Extremely quality thread. Godspeed anon.
Still sage to keep link safe from pajeet pnd

>> No.30395590

>>30395236
I’m all in on link with a 8k stack I managed to get in March last year. Thing is, I have zero money to pay for gas fees to move it to lending protocols.

I wish optimism or something would come to aave or whatever. The matic thing doesn’t seem a viable option to me. People don’t want to bridge and do other shit. We just wanna connect metamask and deposit onto the platform

If I could, I’d be lending in a heartbeat. But I’m a poor fag so can’t do fuck all

>> No.30395628

>>30395291
I'm a 2017 OG but have neglected bancor and all that. I have a 200k+ stack and right now just have a little on crypto.com and now blockfi earning me enough passive to not need more but I am curious how to earn at least $1k a day just for the sake of it.
I know its best not to give away exactly how you do it to keep rates higher but is it mostly through USDC loan on aave?
What Loan to value ratio feels pretty safe for you? like 25?

>> No.30395699

>>30395236
Not going to lie. Im not an OG linkstain but its one of the only tokens I gladly hold and accumulate. I dont expect to get-rich-quick but in crypto there is so much trash, this is one of the few tokens I will comfortably hold despite any size of dip.
>t. 50 Link limp-dick, but believer

>> No.30395713

>>30395236
What could someone do with a 25k Link stack OP? Anything decent, estimated profit per day doing what you mentioned?

>> No.30395785
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30395785

>>30395236
>>30395323
Iam financially obliterated and decimated. Maybe even obliteratedly decimated.

>> No.30395869
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30395869

>>30395291

>> No.30396029

>>30395291
Is 81k a meme? I don’t know what to believe anymore

>> No.30396130

governance is the best thing for defi. a week ago was suggested to add DSD as colaterad and today its released! many thanks 4 mantra.

>> No.30396433
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30396433

>>30395236
>15k usd a day in passive income

I only have 10k despite being a late 2017 marine, how much will I get using your method? Don't quite understand it

>> No.30396643

>>30396029
No, its going to overtake btc in market cap in 10 to 20 years. Not gonna happen overnight nor within the next 5 though, gotta be realistic.

>> No.30396673

>>30396643
Read the citi group report.

>> No.30396676

>>30395236
>>30395291
tl dr
you reek of reddit

>> No.30396681

>>30395236
Got a guide for that aave/bnt method?