/biz/ - Business & Finance

>>52868779
I have a similar mindset.
I won't bag hold this anymore, and will focus on trading it instead without bag holding once we finally get a recovery.
In a way this bear market gave us what we really wanted: freedom

We have been freed from the curse of believing in an utopia and can now see things for how they really are and act on it.
Compared to how I was years ago when I was afraid of selling my stack I am in a much better place.

However you should also keep in mind that what we experienced with Chainlink will never happen this way again with this asset.
The exponential pump phase called hype cycle happens only once at the start of a new project when people have too much positive expectations.

This is the cycle delivering the best and quickest returns.
It is then followed by a facing reality phase which last approximately 20 months when investors have to face reality and realize they overvalued the company which didn't deliver the final product yet.

We are now entering the final liftoff phase which could last a decade and deliver lower boomer stock like returns.
There will still be crypto cycles in this which will cause the token to pump and then dump, but the movement will become less volatile with time and deliver less returns as time goes on and the network grows in an organic lower paced manner.

Linkpool will have big issues once staking v1.0 is released because it will have an infinite competition of node operators without a corruption scandal and it will be ignored more as time goes because of their destroyed reputation.

>>52243800
That's where we are on the tech adoption cycle.
We are exiting the facing reality phase after the initial hype phase.

>>50892061
>>50890889
What's the logic behind your chart?
I see a final pump with a multi year bear market after that.
Don't know yet how it will affect LINK.
Will have to wait until the SmartCon to get a better picture of it.
It could reach $80 in the next 12 months but I don't know after that.
Also that graph makes the mistake of thinking we can experience the same initial hype cycle every project has after its launch.

We are finally entering into the lift off phase, but this will be a slower growth over a decade than the initial phase with bull runs and bear markets in it.

>>50839293
It seems the price suppression and bull run was planned years ago.
The bull run started earlier than planned because they wanted to pump scams without Chainlink and realize a full cycle before the release of the real Chainlink product.
That's why this time it had less power behind it and crashed very quickly.

It seems like the stars are aligning and maybe we get what we were waiting for in September.
I don't know how it will run unfortunately.
The price dynamics behind ETH are caused by users interacting with ETH understanding its value.
LINK is hidden from most users, but institutions probably finished accumulating in the current range LINK seems to be exiting.

Price suppression with accumulation by big whales for 2 years means they plan to dump next at a much higher price and they want to make a lot of money after spending over 9 figures in their price suppression scheme.

We should revisit the previous ATH easily once the dynamic changes, and could go to 3 digit territory depending on the state of the market.

It seems I can finally redo this chart and we are entering the liftoff phase after a 20 month period of facing reality.
This is a recurrent model in tech companies and happened for ETH and BTC.
The 2021 ETH pump was ETH entering the liftoff 3rd phase Chainlink is currently entering.