/biz/ - Business & Finance

[Anonymous No.20125848]

Is anyone worried about a chainlink dump when staking is announced?

A lot of people seem to be under the deluded impression they'll be able to quickly stake with coinbase and earn a solid return. This is highly unrealistic and I'm thinking people who bought on the assumption they could stake on coinbase and receive 3%+ a year will be disappointed and sell.

I'll be happy to pick up bags if this happens but what do others think?

[Anonymous No.20125883]

>>20125848
I was worried about a chainlink dump when mainnet was announced. I paid dearly for that.

[Anonymous No.20125889]

I’m not worried about anything regarding this. Numb after almost 3 years of holding this shit. More manipulated than BTC. Doubt they will ever let it moon properly

[Anonymous No.20125906]

can/t wait to dump this steaming pile of shit

[Anonymous No.20125944]

i'm more worried about the price of link being completely manipulated

[Anonymous No.20125959]

>muh staking
why do linkies act like LINK is going to magically turn to a $100 when this happens? Realistically, when staking is announce, LINK will briefly go up 10% then crash 7% the next day, then a bunch of linkers will spam the board saying shit like
>our god protocol thats used in every financial institution in the world (i swear) just announced the greatest most advance thing ever in the world
>And you faggots arnt buying STILL?
>Why God Whyyyyyyyy, it must be the gubermint surpressing the price!

[Anonymous No.20125980]

>>20125848
What the fuck is the deal with this shithole coin? It makes up about 60% of my portfolio. Is staking even going to be a thing? I could be making money on other tokens but my funds are sitting there in Chainlink doing jack shit fluctuating between 4-4.80 indefinitely. What’s the point of holding this again? I’m about to just fucking sell the shit and go all in on a token with staking.

[Anonymous No.20125983]

>>20125906
This
>>20125944
This

[Anonymous No.20125986]

>>20125848
It'll be interesting for sure. To make money on Coinbase you would need them to run nodes turning in a profit AND be among the people that get to actually stake Link in these nodes. Doesn't really seem like a plan at all.

That said, you have to keep in mind there's 350 million Link set aside as incentive for node operators. That's a shitload of Link. It may mean that the nodes that do get a lot of clients will turn in a great profit for people running them as well as staking in them.

It's no secret where the most profitable nodes will be found. makes me bullish as fuck for Linkpool to be honest.

[Anonymous No.20125987]

People said they same thing about mainnet, got announced and led to a massive pump. Same thing will happen with staking, but larger.

[Anonymous No.20125994]

>>20125959
Most Linkies don't think this. $100 will happen but it will happen gradually as the smart contract economy grows. It won't happen overnight on staking.

[Anonymous No.20126001]

>>20125959
cope faggot

[Anonymous No.20126014]

>>20125848
Buy the rumor, sell the news. This is ancient knowledge anon.

[Anonymous No.20126046]

>>20126014
True except I'm not selling a single LINK below $100. If it does dump i'll be ready to buy.

[Anonymous No.20126052]

>>20125959
It will almost double on staking. It will do this because the narrative around crypto demands it.

Then there will be a fuck ton of buzz around "uberization of data" and it will slowly build like ETH did from Q4 2016 to Q1 2017 over ICOs and crowdfunding businesses without being an institutional investor. This will be similar to the idea of crowdfunding a business except that you join a trustless gig economy build in data which is "the new oil".

Then there will be an easy 10-15X from that doubling because of the greater fools pouring in.
Then people in the know cash out at year end (because they've been here long enough to know that you take profits and maybe even pay taxes). Then the people left go through 2018 again.

In 5-10 years, LINK actually ends up doing what it says and the price recovers and starts a second surge if there is monopolization of decentralized protocols.

In conclusion, you're a fucking faggot who doesn't understand how this ponzi scheme works.

[Anonymous No.20126059]

>>20126046
>selling LINK at $100
Ngmi

[Anonymous No.20126074]

>>20126046
I'm all in on Link and I'm 100% sure it will never reach $100. I'm dumping it all at $7, which is the highest it can go.

[Anonymous No.20126085]

>>20125980
Link is not, nor has ever been, an overnight moon mission. If that's something you want, you need to move to other coins. Just be sure to sell before the imminent dump.

Link is the coin you hold and never sell.

[Anonymous No.20126123]

>>20126085
Ive been holding for two years. I’ve been holding BTC for three. I’m fine holding it, but don’t you think there should be some incentive to keep fucking holding this shit? I WANT long term holds. But with something like Tezos I get passive income. Link does literally fucking nothing except line Sirgay’s pockets.

[Anonymous No.20126132]

Their will be no announcement from Chainlink. Some nodes will start using aggregation contracts and stake collateral, they'll announce it. Maybe they'll be link pool nodes and link pool holders will be able to benefit from it. Maybe not.

[Anonymous No.20126139]

Thoughts of LINK dumping keep me up at night. One of these nights I will have to dump my stack onto the market just so I can get a peaceful night of sleep for once in my life.

[Anonymous No.20126140]

>>20126123
>DPoS
>CENTRALIZED PoS
I shiggy.

[Anonymous No.20126215]

>>20126132
I don't think so. Reputation is a huge deal for nodes providing info for high-value contracts and collateral (staking) is a huge deal for reputation.

Staking, when implemented, will be a big milestone and the Chainlink team will announce it as such.

[Anonymous No.20126223]

>>20125848

it iwll. too many retards think it'll just be sticking it on binance and pressing "claim reward" once per month

It's not Proof of Stake shitcoin. staking on Link is not automatic and actually depends on completing jobs. if there are not enough jobs, then you wont earn a penny. The network wont even be able to accomedate every single person at first. if only around 1000 jobs happened a day for example, and those jobs only wanted a node risking say $10,000, then anything more wont earn extra rewards as the contract doesnt want more collateral.

so if everyone is staking, and onyl 1000 jobs happen, wanting colecively around $1,000,000 in collateral, there obviously wont be enough to pay out everyone. thats how LINK staking works.

It'll take some time for network growth. besides that, most neets wont be able to set up their own node due to technical difficulty.

LAstly, staking pools like "coinbase" wont be able to dish out the standard ROI to everyone. If everyone pooled say 50 million Link on there, yet coinbase only completed around 10000 jobs a day, and only needed 5 million Link in collateral for this, that means they have to evenly distribute the rewards to even the unproductive unused LINK, which would turn a potential 5% ROI for the jobs into a blanket 0.5% for everyone.

Basically too many retards still dont get this. One day it will be amazing and extremely easy and profitable, but initially it wont be, and thas why it will dump. it wont rival shitcoin POS claim rewards button staking in both ROI or ease of use initially.

[Anonymous No.20126238]

>>20125994
>it will happen gradually as the smart contract economy grows
no it wont. and also
>link ever being apart of the smart contract economy outside vaporware shit like synthetix

[Anonymous No.20126254]

>>20125848
Nope

[Anonymous No.20126335]

>>20126223
>Basically too many retards still dont get this. One day it will be amazing and extremely easy and profitable
LINK will be outdated shitware by 2023

[Anonymous No.20126342]

>>20126123
I literally don't believe that you have been holding for 2 years when you cram this much dumb shit in one post

[Anonymous No.20126377]

>>20126223
But that is exactly how coinbase, and other staking platforms will do it. It will not give high returns in the beginning

[Anonymous No.20126389]

>>20125848
Staking rates are going to be competitive with similar risk investments. That’s the natural flow of a market, anon. Stable coins have low rates because they are competing with banks and savings accounts. Staking is more in the competitive realm of dividend stocks. 3% isn’t actually that bad, but given the higher risk you’ll probably see more like 5-7%. Keep in mind the asset continues to appreciate, so you’re making 3%+ asset appreciation.

[Anonymous No.20126404]

>>20126335

yeah fuck off. your so poor and desperate to accumulate fucking zoomer.

But yes, a lot of retards holding LINK are clueless about how it works and will be very disappointment when staking comes initially. Long term It's a very good hold, but staking wont initially cause a moon. it'll likely dump after a hype pump, then slowly go up with network growth again like it is at the moment.

[Anonymous No.20126412]

>>20126342
I first bought link in December 2018. So actually closer to a year and a half.

[Anonymous No.20126425]

>>20126223
go to chain.link and see how many jobs are already being done by the network.

[Anonymous No.20126465]

>>20126377

Yeah. It's good that you understand this, but the average Linkie doesn't at all. and the Hype surrounding staking will cause quite the dump after the average braindead XRP/ETH POS normie realises they can't just press "claim rewards" each month.

I imagine initially in these pool services it will be around 0.5%-1% ROI if they do blanket returns to everyone who pools. One day when the network is mature enough for these services to dynamically make full use of all pooled LINK then they may see returns which are more equal to a standard self operated node running at full capacity with jobs.

It's like making a trade with a friend. You both want a bodyguard to exchange something valuable. He charges $100 for 10 minutes and its good enough for you both.
However, if he comes with tanks, nukes, an army, and an armory for it, and wants to charge you $600,0000,000 for it, you'd say fuck off because it's so superfluous to needs. that is the issue staking pols face initially and it'll take some years for network growth to eliminate that.

[Anonymous No.20126492]

>>20126404
Oh link it's @LinkFinland

[Anonymous No.20126542]

>>20126492

idk who that is. I'm jsut a standard person who bought LINK in 2018 after reading the whitepaper, and have had to watch so many newfags come and buy without understanding shit just because they saw it pump on twitter.

It's tiring. Never had to explain this shit to people back then because almost everyone understood this. Now we literally have normies thinking Staking on Link works like their next favorite useless shitcoin giving free returns just for holding it and existing. NOPE. Link pays base don work done, and by work, not meme validating of useless blocks with no real value in them, it means doing actual jobs with real data and smart contracts.

[Anonymous No.20126559]

>>20125848
For the last time, Chainlink isn't for normie retailers you retard.

[Anonymous No.20126571]

>>20126074
I used to think this. I don’t anymore.

[Anonymous No.20126595]

>>20126571
The biggest red flag is the fake google partnership.

[Anonymous No.20126600]

>>20126542
>It's tiring. Never had to explain this shit to people back then because almost everyone understood this.
Bullshit we were mostly retards from the start, 90% of 2017 linkies bought for the memes and had no understanding of the tech
t. 2017 linky

[Anonymous No.20126647]

>>20126595
That is pretty bad and hard to explain away.

[Anonymous No.20126653]

>>20126600

I guess im overestimating it. but since mainnet there has been a lot more of clueless retards. very rarely see anyone who a clue posting about LINK anymore. maybe once per month at best.

Still have a softspot for the tards who bought back then even if just for memes. they have big dick stacks now, and aren't the same as the whining new fags who were too scared to buy back then and now post crying about if 500 LINK is enough

[Anonymous No.20126666]

>>20125848
u retard LINK finna moon

[Anonymous No.20126718]

>>20126653
Nah I bought back then and my stack isn't big by any mean, only geniuses and true retards would have put big money into link back then, when link was just some shillcoin among the req and the ark and the fun.
Most of us just bought about 1k, that's called a suicide stack for a reason that mean you don't hate yourself in the future for not putting a at least a few bucks into it IF it moons.

[Anonymous No.20126740]

>>20126595
>>20126647
> ..... Partnership

[Anonymous No.20126757]

>>20126718
It wasn’t just shilling along with req and ark. You couldn’t see the difference that’s your own retardation.

[Anonymous No.20126758]

>>20125848
I'm worried that Link will never dump again so I can't get 'em cheap anymore

[Anonymous No.20126763]

>>20126666

[Anonymous No.20126765]

>>20126653
Yeah everyones desperately kicking themselves for not buying around 25 cents and waiting 3 years for a 20x in crypto. Speaking of, LEND did a 50x over the last 8 months.

[Anonymous No.20126771]

>>20126666
ayy woah

[Anonymous No.20126781]

>>20126757

This.
Dont know how people can say this. It was just as obvious back then that LINK was a winner.

[Anonymous No.20126784]

>>20125848
Staking wont be announced until they have appropriate way of making it possible for people to stake.

[Anonymous No.20126807]

>>20126404
I have $270,000 in crypto. LINK is a shitcoin and none of you will make it

[Anonymous No.20126821]

>>20126765
19x* and dropping. And that's if you bought near the bottom literally years ago

[Anonymous No.20126836]

>>20126807
>I have $270,000 in crypto. LINK is a shitcoin and none of you will make it

[Anonymous No.20126840]

dont even bother with swinging if you try to be oriented toward fundamentals

all that matters is how much money MMs are willing to spend to inflate/suppress the price

staking could be the catalyst that send us into a new macro accumulation range similar to how we pumped hard and proceeded to pump and dump between 17 cents to $1 before mainnet pump sent us to 4.5 before dumping to 1.5 thereby creating a new pnd range

if history rhymes once staking is announced we could see $15 before dumping to $5

[Anonymous No.20126853]

>>20126647
I really don't know if Link marines realize that the project is an actual pump and dump. If you go to crypto Twitter you'll realize a cult of Link holders (most likely nuLinkers who bought at like $3) who have no idea WTF they're talking about.
>>20126740
Are you blind?
>>20126757
>ark
I had a small Ark bag and was pretty active on the biz_classic Discord. I'm one of the dudes who paid for the Tyrone video. Ark was always a scam and so is Link.

[Anonymous No.20126879]

>>20126853
>>>20126647
>I really don't know if Link marines realize that the project is an actual pump and dump. If you go to crypto Twitter you'll realize a cult of Link holders (most likely nuLinkers who bought at like $3) who have no idea WTF they're talking about.
>>>20126740
>Are you blind?
>>>20126757
>>ark
>I had a small Ark bag and was pretty active on the biz_classic Discord. I'm one of the dudes who paid for the Tyrone video. Ark was always a scam and so is Link.

[Anonymous No.20126905]

>>20126853
you are not wrong, these pump and dumps are the ONLY way bigger fishes can accumulate

the book is too thin for them to buy like we do, for them to be filled many would need to capitulate

for capitulation to happen there needs to be delusion/euphoria first

[Anonymous No.20126940]

>>20125848
That’s dumb? People will be buying more when we have a concrete date

[Anonymous No.20126948]

>>20126666
checked

[Anonymous No.20126950]

>>20126879
Oh look it's a zoomer who discovered cryptocurrency in 2019.
>>20126905
Link WILL pump and I have a decent bag, but it won't reach the levels of BTC or ETH like the deluded faggots who have taken over this board.

[Anonymous No.20126955]

>>20125944
The fud packers are out in full force this week, something big must be coming I can feel it

[Anonymous No.20126960]

>>20126950
>>>20126879 (You)
>Oh look it's a zoomer who discovered cryptocurrency in 2019.
>>>20126905
>Link WILL pump and I have a decent bag, but it won't reach the levels of BTC or ETH like the deluded faggots who have taken over this board

[Anonymous No.20127005]

>>20126960
Don't marry your shitcoin, you'll get rekt hard, newfag.

[Anonymous No.20127030]

>>20126950
It will reach further than eth or btc have ever gone because oracles are winner takes all and chainlink is the industry standard by nessecity u stupid whore. Btc won because first mover eth win because it’s the best and firt smart contract platform, chainlink is going to win because it’s the only competently driven network and it’s the first mover. Fuck off with your demoralization back to plebbit

[Anonymous No.20127036]

>>20127005
>Don't marry your shitcoin, you'll get rekt hard, newfag.

[Anonymous No.20127062]

>>20127030
Of course it will, especially with the pinned tweet of its fake Google partnership.

[Anonymous No.20127069]

>>20127005
Have sex

[Anonymous No.20127101]

>>20127062
>Of course it will, especially with the pinned tweet of its fake Google partnership.

[Anonymous No.20127115]

>>20127036
>>20127069
You faggs are stating hard facts and convincing evidence that your useless token isn't a scam.

[Anonymous No.20127124]

>>20127115
WEF

[Anonymous No.20127143]

>>20127115
>You faggs are stating hard facts and convincing evidence that your useless token isn't a scam.

[Anonymous No.20127160]

>>20126950
What will reach BTC/ETH levels?

[Anonymous No.20127163]

Clearly no one understands that when service agreements go live, the true tokenomics of Link begin. The price per token is equivalent to the ecosystem. If its hundreds of millions like Eid says just off of Defi than you can assume that as soon it Is live the price will skyrocket. Not including supply/demand or the crypto market. It decouples into singularity.

[Anonymous No.20127164]

>>20125848
>people who bought on the assumption they could stake on coinbase and receive 3%+ a year will be disappointed
Even 3% is absolutely pathetic. No one should be buying this coin for the purpose of 3% a year.

[Anonymous No.20127173]

>>20127115
You should ask the World Economic Forum if Chainlink is a scam or not

[Anonymous No.20127286]

>>20127164
Assuming it's 3% LINKs a year not $, which is great if Chainlink keeps growing since the price of LINK will grow as well so even if you make 3% LINKs a year, you might make a lot more in $ value.

[Anonymous No.20127298]

>>20127164
Chainlink will never yield above 3% a year for normies.

You know why? because if it did it would be insanely undervalued.

lets say link was 10$ and was earning $0.3 per year for minimal effort. in that case link would appreciate to 20-30$ a year and yield a more reasonable 1%

[Anonymous No.20127340]

>>20127160
Nothing, for now.
>>20127173
You can literally apply as a tech pioneer via the WEF website. Let's wait for July 8th and see if Oracle actually integrates Chainlink. Will be a decent pump to finally dump this shitcoin.

[Anonymous No.20127377]

If you are waiting for a run like ADA, just buy good shit.

Never forget--> https://www.trustnodes.com/2019/08/11/half-a-billion-wiped-out-as-chainlink-devs-dump

[Anonymous No.20127417]

>>20125883
This I swung a portion of my stack at mainnet expecting a dump. It dumped like a flicker, maybe a few days and it was shooting up after. I missed my chance thinking it would go down. Not doing that again.

[Anonymous No.20127427]

>>20127298
https://twitter.com/CryptoDavid_

[Anonymous No.20127573]

Who cares if it dumps based on NEWS. You buy Link for the FUNDAMENTALS. Even if it dumps, you'll still be holding because you believe the FUNDAMENTALS will take it to the moon, RIGHT?

[Anonymous No.20127723]

>>20127340
>>>20127160
>Nothing, for now.
>>>20127173
>You can literally apply as a tech pioneer via the WEF website. Let's wait for July 8th and see if Oracle actually integrates Chainlink. Will be a decent pump to finally dump this shitcoin.

[Anonymous No.20127761]

>>20127723
I'm willing to bet 100 Link that I have a bigger bag than you do. ;)

[Anonymous No.20127784]

>>20127761
>I'm willing to bet 100 Link that I have a bigger bag than you do. ;)

[Anonymous No.20127840]

>>20127784

[Anonymous No.20127844]

>>20127840

[Anonymous No.20127865]

>>20126836
>>20126879
>>20126960
>>20127036
>>20127101
>>20127143
>>20127723
>>20127784
>>20127844
Take your meds

[Anonymous No.20127883]

>>20127844

[Anonymous No.20127896]

>>20127340
The favelanigger already confirmed (as if it wasn't obvious) the Oracle conference wont mention link. This isnt a pajeet project, it literally only goes down for announcements.

[Anonymous No.20127910]

>>20127883
>gets btfod
>brings up irrelevant chart

[Anonymous No.20127966]

>>20127910
>completely misses the point
See
>>20127865

[Anonymous No.20127974]

>>20126074
>$7, which is the highest it can go
Why? Just because you say so?
>It can go from $.12 to $5 but it will never reach 7
That makes no sense. Speculation alone could carry us to $10-20

[Anonymous No.20127975]

>>20127966
>>>20127910 (You)
>>completely misses the point
>See
>>>20127865

[Anonymous No.20127996]

>>20125848
$4.65 best I can do

[Anonymous No.20128000]

>>20126123
>Ive been holding for two years
>but don’t you think there should be some incentive to keep fucking holding this shit?

I assume you’ve made very healthy gains during those 2 years holding link. Is this not enough incentive to keep holding? As the network is rolled out, price will continue to make steady gains

[Anonymous No.20128061]

>>20126666

im literally never selling

[Anonymous No.20128065]

>>20127417
yup, i dumped about 25% of my stack on mainnet day expecting a huge dump, but then once i realize it ain't dumping like other shitcoins i bought fomo'ed back in and even buying higher than the prices i dumped at

[Anonymous No.20128538]

>>20126757
Easy to say that 3 years into the future, if you have the education to understand the technobabble in the whitepapers maybe, that's not the case of 99% of /biz/ tho.
Me I did saw the difference but that was just based on Sergey's personality, it was a guy thing not a rational thing

[Anonymous No.20128702]

>>20125848
i'm worried about dumposhi betrayoto

[Anonymous No.20128730]

quantity of chainlink is what matters, not price.

this is why swing trading is important. to accumulate as many chainlink as possible. you can't accumulate chainlink by hodling

[Anonymous No.20128794]

just post about how 2/3 of the currency is controlled by sergey and you can kill any link thread
https://etherscan.io/token/tokenholderchart/0x514910771af9ca656af840dff83e8264ecf986ca

[Anonymous No.20128879]

>>20126223
>LAstly, staking pools like "coinbase" wont be able to dish out the standard ROI to everyone. If everyone pooled say 50 million Link on there, yet coinbase only completed around 10000 jobs a day, and only needed 5 million Link in collateral for this, that means they have to evenly distribute the rewards to even the unproductive unused LINK, which would turn a potential 5% ROI for the jobs into a blanket 0.5% for everyone.
>Basically too many retards still dont get this. One day it will be amazing and extremely easy and profitable


so you think:
>it will be shitty and unprofitable
>yet it will maintain dominance longterm and no other technology will defeat it

[Anonymous No.20128919]

>>20126595
>The biggest red flag is the fake google partnership.
wait what do you mean

[Anonymous No.20128947]

>>20128919
That they're literally not partnered and the pinned tweet is just a way to use GCP with LINK. It never said Google was partnered with or utilizing ChainLink. It's Google advertising their own product in a way you can use it with blockchain products.

[Anonymous No.20129080]

>>20126905
>you are not wrong, these pump and dumps are the ONLY way bigger fishes can accumulate
do the retail people actually get panicky enough to dump when an asset dumps? dont must people have like a few grand invested that they dont really give a shit about?
most of the price changes in crypto seem absurd because of how little liquidity the markets have in general.

im sure sergey is slowly dumping his 666Million to fund his lifestyle and development. not sure how this bodes well for the rest of link investors though.
https://etherscan.io/token/tokenholderchart/0x514910771af9ca656af840dff83e8264ecf986ca

[Anonymous No.20129109]

>>20127062
what does this mean
i see plenty of articles about chainlink+google partnership

[Anonymous No.20129174]

>>20127377
>https://www.trustnodes.com/2019/08/11/half-a-billion-wiped-out-as-chainlink-devs-dump
jesus christ the only chad is the indian and the rest are pears

[Anonymous No.20129327]

>>20126781
I'm eternally grateful for the breadcrumbs. And certainly no genius but not bad at pattern recognition. The schizo string board in my mind's eye led to only one conclusion. Buy as much link as you possibly can.

[Anonymous No.20129410]

>>20126666
Kek has spoken. Adding 1k to my stack

[Anonymous No.20130060]

>>20126425
That's not the problem imo. The problem is we don't know how much collateral will be asked for these jobs, and therefore if they only collectively asked for 1 mill usd, then people won't be able to stake more than a few pennies

[Anonymous No.20130091]

>>20126666
Ayyyy checked

[Anonymous No.20130534]

>>20126074
But my cup of coffee at starbucks costs more than 7 dollars