seriously

[Anonymous No.50142433]

what's the deal with LINK price action? it has only ever pumped seriously once in 5 years

aside from the team token dumps to fund development, what other reasons are behind the price being throttled? is it whales shorting LINK to suppress price action?

[Anonymous No.50142478]

>>50142433
>>50142433
What is link used for?

[Anonymous No.50142480]

>>50142433
The business case for smart contracts simply isn’t as strong as previously believed. It’s a very simple answer, it’s not likely to involve some complicated scheme with Jews, Bulgarians, whales, and trannies.

[Anonymous No.50142497]

dedicated oracles are no longer needed.

[Anonymous No.50142517]

>>50142480
This.
>>50142478
It’s used for oracle functionality to transfer messages and a payment amount for the oracle call. It’s really an ingenious system, I’d highly recommend anyone to read the whitepaper. But from an investment standpoint, it simply isn’t designed to incentivize people to buy it, become rich, and then dump it like every other crypto including Bitcoin.

[Anonymous No.50142529]

>>50142517
Can you dumb that down that made no sense
Is it like a time share?

[Anonymous No.50142534]

>>50142433
presumably lack of interest, as much as people get asshurt about it. David Portnoy was shilling this shit from $12-18 and there was some interest but at that point it was several years after ICO and many OGs probably took profits by selling into the hype. I appreciated the significance of oracles back when I first started developing in solidity, but I stack a relatively small amount because there's better upside elsewhere. It has a very promising future in my opinion, but who knows when that will come to fruition.

>inb4 no better upside than the great reset etc

[Anonymous No.50142549]

>>50142433
>>50142534
>>50142478
>>50142480

People are excited for Staking but CCIP is going to be the real gamechanger. If they pull this shit off it's going to #1 spot.

[Anonymous No.50142554]

>>50142549
What the fuck are you talking about? Use lay men terms

[Anonymous No.50142581]

Chainlink is old and useless nowadays. Being replaced by Kenshi right now for causing so many exploits. No fud, just reality

[Anonymous No.50142604]

>>50142433
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.50142650]

>>50142554
Today there's a large variety of blockchains using fundamentally different tech. They can't easily "talk" to eachother. You might have read about "bridges" being hacked or exploited, and bridges seek to facilitate transactions between different chains (Solana is a chain, Ethereum is a chain, etc). CCIP allows interoperability between different chains. That's basically as simple as one could make it without writing a novel.

[Anonymous No.50142664]

>>50142433
they are called liquidity marines for a reason
the link token is NOTHING but sergey's personal piggy bank

[Anonymous No.50142674]

>>50142534

i really think that it's just the nature of the crypto market letting it down

people don't care about fundamentals, they only chase whatever is hype in the moment, like nft's and metaverse stuff last year

i feel like link holders are just hoping for a miracle

[Anonymous No.50142718]

>>50142478
they dump it on linkies to keep sergey fed

[Anonymous No.50142762]

>>50142650
Thank you that was actually a clear and concise answer

[Anonymous No.50142821]

>>50142674
yeah unfortunately I'm inclined to agree. I used to think that everything on BSC was aids but utility existed elsewhere. I've gradually come to accept that crypto in general might just become a new retard market for retail that doesn't close on the weekends. For every jeet scam that gets posted I start debating the value in governmental bodies nuking everything that isn't bitcoin.

[Anonymous No.50142822]

>>50142433
That’s because the token isn’t needed, yet. Everything changes with staking

[Anonymous No.50142839]

>>50142821
>>50142674
Newfags

[Anonymous No.50142859]

>>50142821

i just think that link holders are a bit deluded, some of these guys on here have been holding 5 years straight and have their entire lives on hold waiting for the big pump that might never happen

like you need to understand that crypto works in cycles, and there's always a gimmick that pushstarts the cycle, 2017 it was privacy/forks/btc coming to mainstream

2020-2021 was nft's/defi/metaverse shit

who knows what's next, but all i'm saying is that crypto goes fast and you should never just rely on one single coin

[Anonymous No.50142872]

>>50142822

dude people have been saying this shit since it launched

just wait for mainnet then it will pump to 1k

just wait for the bank partnership ann and it will pump to 1k

what else

now it's just wait for staking and it will shoot up

but historically speaking none of these big 'announcements' did anything for price

i get it you believe in link but keep it real man, shit just isn't recognized by the wider market no matter how much hidden gem potential there is in it

[Anonymous No.50142882]

>>50142872
>>50142859
Why do you type like an absolute faggot?

[Anonymous No.50142915]

>>50142604
Newer companies will adopt this. Once they start seeing success, it will put pressure on the established companies to keep up.

[Anonymous No.50142927]

>>50142882

cool, call me out on the way i type and don't respond to anything i said

good luck out there

[Anonymous No.50142935]

Fuck off despo fagbaggie. Nobody cares about crypto anymore and your shilling is boring.

Fuck off to /mlp/

[Anonymous No.50142950]

>>50142718
Lol is he still doing his weeklies?

[Anonymous No.50142956]

I think chainlink is bad because it is le bad

[Anonymous No.50142965]

>>50142517
Sad how LINK will be totally replaced and violently raped by BAND

[Anonymous No.50143023]

We are actually too early, not only is the token still useless but blockchains unique purpose is gambling

[Anonymous No.50143145]

>>50142882
he's right

[Anonymous No.50143164]

>>50142433
token not needed.

[Anonymous No.50143180]

>>50143145
He's wrong

[Anonymous No.50143700]

Crypto is a fucking scam. Chainlink is no exception. Who needs the price of a goddamn monkey jpeg? There's no value in it ANYWHERE.

[Anonymous No.50144955]

Sell

[Anonymous No.50145429]

>>50142604
That's like a company saying they are happy with their horse and carts and don't see the need for these new fangled cars with all the complex moving parts that can go wrong, and the need for gasoline. Eventually if something is a technological improvement it will be adopted by everyone. First by more dynamic, visionary companies and then eventually even by antiquated 'cyber techno" Boomer companies like yours because they will be completely left behind otherwise.

[Anonymous No.50145436]

>>50145429
cope

[Anonymous No.50145459]

>>50142529
>>50142554

[Anonymous No.50145478]

>>50142433
Spot all the reddit spacers and paid fudders in this topic.

[Anonymous No.50145790]

>>50142433

[Anonymous No.50146198]

>>50142604
> cyber-techno machinations company
> security analyst programming type work

Lovely. Gave me a hearty laugh.

[Anonymous No.50146214]

>>50142480
>t. jewish bulgarian whale tranny

[Anonymous No.50146236]

>>50142872
>>50142927
Get off my board normie

[Anonymous No.50146243]

>>50146198
the old fud pasta was funny because it was obviously tongue in cheek for anyone but the most credulous retards.
Chainlink fud was hilarious before it got outsourced to the third world.

[Anonymous No.50147898]

>>50146243
This. The funniest part is, it seems like most people ITT bought the third worlders fud. It took a real retard to fall for old link fud pasta, but these people are actual NPCs.

[SAGE No.50147955]

>>50147898
Exactly. And do you think NPCs deserve to make it? Do they perhaps deserve to be fudded out of their bags? Who is the type of “person” to frequent this board these days? You’re so close to understanding.