/biz/ - Business & Finance

i finally convinced my dad to let me spend a portion of the money my grandpa left for me on LINK
i have $24k
ive been begging him to let me do this for a long time.
How should I do it, just today before smartcon?
half before half after?
should i wait for it to hit $6 again?
Im kindof scared this time its not going to go back down.
I went in big with all my own money at $5.55
but I'm thinking I just bite the bullet.
I would rather have it and ride it down then see it moon to $10

https://www.youtube.com/watch?v=o7_23JMVjcg&t=2830s

https://twitter.com/_Synthquest/status/1683203413603938304
ccip is at the very, very beginning

after the last bull there was severe negativity in eth community as it dropped 90% in btc and 95% in usd. even today, eth is down 50% against btc. clearly people are hurting with pa. link/eth is pretty rough - 1500 link would have bought a validator (32 eth) back in aug 2020.
the main similarity is around fee implementation. eth has now successfully implemented it. chainlink is in the process of doing so. if it can show sustainable fee revenue then the price respond.
fees are tied to staking so that's where a lot of attention should be. the team is very slow moving but a link price rise (staking is 4.75% in link) or the release of build rewards should get eyes on it.
withdrawals will come between sept-dec (knowing the team it will probably be late december) and successful implementation of that will bring positivity
and imagine the staking reward from 7000 link staked when you have a higher price
332.5 link rewards per year * $25 = $8,312.50
that more than what you currently get as a validator (32 eth)
then you can add build airdrops on top
1/2

>>53400600
>guys look at how many cuckbux it says i have on the screen!
kek enjoy your cage faggot

reminder that BOTH your tokens and rewards are locked for v0.1. the team is saying 1-2 years and knowing them, they will use every second of those two years
>>Due to the security parameters of the Staking system, both Node Operators and Community Stakers will initially have their staked LINK and accumulated rewards locked up in a smart contract until a future release of Staking.
linkpool has developed liquid staking. to understand this, just replace ethereum/ether with chainlink/link in lido's faq:
https://stake.lido.fi/
eg.
>What is stETH?
>stETH is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are issued 1:1 to the ethers that are staked by Lido. stETH token’s balances are updated when the oracle reports change in total stake every day.

>stETH tokens can be used as one would use ether, allowing you to earn Beacon chain staking rewards whilst benefiting from e.g. rewards across decentralized finance products.

where will the link deposited being going?
initially all nodes get a 50k allotment to fill.
however, in time as it goes from 25m to 75m the nodes are going to get more allocated to them
>When v0.1 launches, 22.25M LINK will be allotted for Community Stakers on a first-come-first-serve entry, while 2.75M LINK will be allotted and reserved for Node Operator Stakers. Over time, as the space-limited pool expands, the proportional difference between different staking allotments may be adjusted to further enhance the security of the pool.
how much? who knows? but even if it's 200k per node then that's 200k*12= 2.4m LINK of capacity

>>52329624
i just realized, when it says link pump from its new low between august and april, its not saying it will start pumping in august and stop pumping in april, its just saying its bottom will be somewhere between those dates. So we are still in the midst of the crash right now, and link has either found its low already or will between now and april. Or this is pure hopium on top of a meaningless larp, guess we will see.

big twitter accounts shilling it again
haven't seen that for a long time

Where the fuck are the CHAINLINK threads mfers smartcon is TOMORROW we've been waiting for this since Jan 1st. Time to get hyyype. Sergey organised us to get rich right when the world descends into chaos. Beautiful really.