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

/biz/ - Business & Finance

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File: 30 KB, 697x650, 44.png [View same] [iqdb] [saucenao] [google]
56600298 No.56600298 [Reply] [Original]

The fair value for LINK is 44 dollars currently, according to institutions.

>> No.56600344

Yes

>> No.56600348
File: 121 KB, 991x695, linkgoup.jpg [View same] [iqdb] [saucenao] [google]
56600348

>>56600344
FUCKING CHECKED

>> No.56600362

>>56600344
Doesn't count. GLNK reached a high of $51 today. Stinkie linkies getting uppity.

>> No.56600375

>>56600362
We already beat that last run, kiddo.

>> No.56600386

>>56600362
Oh it counts alright. All you can do is rope. Link is worth 50 bucks right now.

>> No.56600393

>>56600298
>>56600344
>>56600348
>STILL worth less than it was 2 years ago
KEK

>> No.56600398

>>56600298
> institutions would rather pay a premium with an annual fee to be regulatory compliant over downloading metamask and buying the thing outright

ngmi

>> No.56600407

Based LPL kiddos how you doing kiddo?

>> No.56600409

>>56600398
They don’t mind paying $50 per cause they’re investing millions so a measily 10-20x for them is huge

>> No.56600426

>>56600298
>>56600344
>Meme magic and digits
Yeah, I'm thinking we're back.

>> No.56600442
File: 2.68 MB, 1597x1593, cubes.png [View same] [iqdb] [saucenao] [google]
56600442

>>56600344
>44
Look at me. I am the institution now.

>> No.56600445

Look I'm all for link making us fucking rich, but GLINK has like 3mm AUM lol

>> No.56600457

>>56600445
Wrong. Those are last years numbers

>> No.56600973

>>56600457
Their website says $4m. And todays volume was only $600k and change.

>> No.56601017

>>56600393
Same can be said for a lot of assets

>> No.56601051

How many LINK are they going to have to buy?

>> No.56601083

>>56600344
WOW

>> No.56601092
File: 326 KB, 900x900, 1699451819072914.jpg [View same] [iqdb] [saucenao] [google]
56601092

>>56600344

>> No.56601104

>>56600344
nani?

>> No.56601128

>>56600973
It’s honestly a nothing burger. Who the fuk would buy this for $44 when it can hardly break $15. Thats why the glink volume is so damn low bc nobody wants it at that price how dumb is biz

>> No.56601140

>tfw only 4k link
I'm ngmi

>> No.56601149

https://www.coindesk.com/markets/2023/11/08/grayscale-chainlink-trust-zooms-to-200-premium-indicating-institutional-demand-for-link/

Wtf institutions buying this rn are unironically paying $50 per share that each represent .93 linkies

>> No.56601178

>>56601140
That's a pretty decent stack. Don't let anyone tell you otherwise. t. 23k holder

>> No.56601245

>>56600344
Holy fuck

>> No.56601332

>>56600398
They can't use their institutional funds with Metamask, anon. Paying a premium to score triple digit percent gains off multimillions is way better than poorfags like us getting the same gains off 5 or 6 figure investments without a premium.

>> No.56601357

its hard to say what this really means. volume is low. very low for that price. but at the same time...someone is buying it. what do they know or think they know?

>> No.56601394
File: 3.55 MB, 472x588, ppt.webm [View same] [iqdb] [saucenao] [google]
56601394

>>56601149
This.

>> No.56601414

>>56600344
AAAAAAAA
$44 in two weeks!

>> No.56601673

>>56601394
>Average american family

>> No.56601758
File: 151 KB, 1080x947, Screenshot_20231109_124420_Brave~2.jpg [View same] [iqdb] [saucenao] [google]
56601758

>>56600344
Lol? Checked and 44 Capcha
Mememagick is back

>> No.56601785

>>56601394
watching this, I understand why dwarfism will continue to persist in the gene pool.

>> No.56601786

>>56601149
“Institutions”…see above post on actual volume. Yesterday it was like $200k

>> No.56602642

>>56600344
I love God.

>> No.56602661
File: 110 KB, 679x696, savindu steel perlot.png [View same] [iqdb] [saucenao] [google]
56602661

What do you think 'pretty nice' incentives means?

>> No.56602677

>>56600298
The tokens held by grayscale are more valuable because they aren't subject to market manipulation.

This does not change the value of public link. It is only a signal to suggest it is a wanted product.

The price may go up as grayscale needs to purchase more but whales will continue to manipulate the price in public so they likely won't purchase above $18, hence the price target.

This means we aren't guaranteed the $18 price.

>> No.56602750
File: 2.48 MB, 4096x2730, 1695328952499798.jpg [View same] [iqdb] [saucenao] [google]
56602750

>>56602661
wtf, did mods shoah the liquidation thread?

>> No.56602934

>>56600344
WAGMI

>> No.56602997

*.934 link are valued at $44 actually
https://www.grayscale.com/crypto-products/grayscale-chainlink-trust

>> No.56603018

>>56600344
BRUH

>> No.56603031

>when GBTC was trading at a 50% discount to NAV, not a single person here said that means BTC is worth -50%
>when GLNK trades at a premium, link baggies come out of the woodwork claiming it's secretly worth 44 per token now
lmfao incredible work baggies

>> No.56604309

>>56600344
You can't make this shit up, we're living in a simulation

>> No.56604314

>>56601758
Dude

>> No.56604352

>>56600298
>>56600344
>>56600348
>>56600442
>>56601083
>>56601092
>>56603018
everyone here is new as fuck, you all post like you just came to 4chan now that the crypto market has perked up and acting like we're in a bull. you all are about to get humbled. hard.

but please in the mean time cash out your 401ks and ape into all of these coins. dumb fucks.

3k link is the suicide stack, 20k+ is make it tier

>> No.56604376

>institutions
>assets under management $4.3M
>volume 20372 link
>instituations

>> No.56604389

>>56602750
What thread? Can you link the archive?

>> No.56604400

>>56604376
link holders really are the nigger iqs of crypto

>> No.56604426
File: 267 KB, 494x511, 1697002128200002.png [View same] [iqdb] [saucenao] [google]
56604426

>>56600409
>They don’t mind paying $50 per cause they’re investing millions so a measily 10-20x for them is huge

Holy shit I just realized this. Why the fuck would they buy if they wouldn't think link will be higher than the price they're currently paying? It makes so much fucking sense, they kept the price low so regulated funds can accumulate and have a high margin selling to institutional investors who need the high sec and insurance.

I was really skeptical we would ever see anything north of $200 for link but this actually convinces me it will reach $500-$1000

>> No.56604452

>>56604389
>>56602750
Nevermind, I saw it

>> No.56604458

>>56604400
ppl posting this glnk shit and then completely ignore it when anyone calls out the volume/aum are at most nulinkers if they hold any link at all

>> No.56604484

>>56600409
>they're investing millions into GLNK (aum:$4m, volume: fuck all)
Stinkmarines have devolved to gme-tier cultists

>> No.56604569

>>56604426
So I’ll be having sex relatively soon? Or do I gotta wait till 2030?

>> No.56604647

>>56604569
banks work on long timescales, so could very well be.

>> No.56604804

>>56604426
Nigger IQ from fags who are either fudding or hold 100 link

>> No.56604959

>>56600298
1 GLNK = 0.93 LINK tokens notionally
Except you cant cash them out so they're worth less than 0.93.

>> No.56605118

>>56604959
But they are regulatorily compliant. Which is what institutions want.

>> No.56605137

>>56605118
nobody wants linkies

>> No.56606194

>>56605137
How can the token price increase sir? How can it be? I cannot buy more sir when will I be able to get tokens? This is a mistake

>> No.56606245

>>56600298
It will certainly get there. I have gotten some bags of LINK as well as CYMI that offers simplicity in payment options.

>> No.56606258
File: 224 KB, 1080x1150, 60D9EBD1-F215-492E-82E9-18FE8A498346.jpg [View same] [iqdb] [saucenao] [google]
56606258

>>56600344
Checked

>> No.56606664

>>56604426

Let's just see if we can hit $50 again first, wtf....

>> No.56607021

Who would buy this fund? Inbefore institutional investors who can't buy from a dex... The volume or the size of the fund doesn't indicate institutions buying.

>> No.56607031

>>56600344
WAGMI

>> No.56607038

>>56600298
why