/biz/ - Business & Finance

There's a reason people often cite chainlink when talking about RBC - and it has nothing to do with similarities in the projects themselves (they are completely different), but more to do with price action and coordinated FUD. Back in 2017 I had over 4000 link, and i sold at 30 cents due to 4chan, telegram and reddit FUD. I'm never making that mistake again.

The last 3-4 weeks, RBC has had fake discord pics posted around 4chan and reddit. Fake Fiver ads doctoring pictures of the devs. The amount of FUD has been endless. Why? Because people want the price to drop, to buy in.

We also have a daily issue while crabbing between updates or announcements where the price is manipulated by whales and swingers. You can watch the same wallets dump when it's about to pass a threshold (today it's 40 cents). They bring it back to 34ish cents (along the uptrend support line), then let people buy back up to 39 cents, rinse and repeat. This serves two annoying functions: It causes weak hands to sell, and the whales accumulate more. It's annoying, but this will just continue to happen for another couple of weeks until we get in more exchanges, unfortunately.

During the panic sell of from 70 back to 40 cents last week, none of the top whale wallets sold a dime. In fact they have continued to accumulate. This is good.

Everyday we continue to grow in holders.