I have recently started to get really unconventionally bullish towards link after doing some research and am pondering whether to drop the majority of my stack in link at these prices.
However, I'm a bit confused as far as the price is concerned. Why you ask?
ChainLink seems to be (as far as I've read and gathered info) really, the most potential coin there is. They solve such a huge problem and are one of the few coins that actually do so. Without Link - crypto can't succeed. Thus, it seems odd that the price hasn't been steadily rising since inception (as with Eth for instance) and that it's still close to ICO prices.
Why is this? I'm already convinced link is THE next big thing in crypto (without even being a not so subtle shill, just honest).. why isn't the price acting accordingly? Or is there some dark side of link that I'm still unaware of? Enlighten me.
>why isn't the price acting accordingly? You haven't done any research you LARPing faggot. This is the first question that unironically less than 2 minutes of research would answer.
Luis Rodriguez
Fucking new fag we’ve discussed this every week since ICO
Aiden Phillips
go away fag
Benjamin Miller
You probably don't have any good explanations for this.. just some shill line like "whales suppressing price xD since you seem to have no clue
Mason Allen
1) Because the team is very low profile and doesn't spend even 1% of their time shilling their coin on twitter or speculating future price points. Most of the money circulating through the crypto space right now is just speculators responding to that type of noise. It's an ADHD market, and a project that goes months without any updates is not exciting enough.
2) Because the project is not live yet.
Liam Peterson
1) Sure enough, but isn't the market still mostly moved by institutional investors who know their shit and not some idiots on Jow Forums looking for the next moon?
2) Fair enough, although you see a lot of top 100 with fuck all and way more market cap. Must be the marketing then..
Nathaniel Wood
Go fuck yourself OP
Jeremiah King
Yeah it's the marketing and they just hired a gook to market it. So we are fucked.
Colton Garcia
Even though people on Jow Forums like to suck their dicks, most "institutional investors" don't really have that much more information to work with than your average neet trying to make it big on crypto. They just have more money to mitigate risk with.
What is there to know about crypto, really? Nobody can see the future, there's no real roadmap for where this market will go in the long term. You and me and even the big boys in suits snorting cocaine in their hedge fund offices are basically just throwing shit against the wall and hoping something sticks.
Ryan Moore
Isn't the accumulated info just a self fulfilling prophecy? More bizfags are digging, but no one is digging in the other coins
Caleb Adams
why dont girls go for nice guys? people dont gravitate toward substance. they are stupid and want thrills. that said after they get fucked, used up, and are past their prime they might settle with you.
Liam Hernandez
fuck this is a hostile place returning after 6 months.. well at least I tried to get a decent answer
Jaxon King
bag holders suppress the price so that they can accumulate at rock bottom prices
Ryan Lopez
Yeah I wonder about this too. If they obsessed over another coin I'm sure they'd turn up plenty of dots
Eli Collins
"returning after six months" lol that was when the Sergey quote explaining the price came out you liar.
Juan Wood
Wrong, Gooks are kings of hyping the price of their own shitcoins, this hire was strategic.
John Martin
Do you realize that these guys haven't even figured out the Oracle problem yet? If they do it will be a huge deal but currently, they haven't even done any of the heavy lifting yet...
John White
Yes they have, dumb gook
Nathan Bell
they are releasing mainnet soonj though? that must mean somthing?
Cameron Harris
Look at their ‘solution’ to onchain identity. It’s basically nonexistent and is an essential component of their network. There needs to be a way to prevent Sybil attacks without entrusting a central third party to identity verification. This is a huge flaw that linkies like to gloss over
Evan Price
A lot of reasons,
1. like someone else said, people here imagine that these people have a lot more knowledge and info than they actually, especially with regards to new technology like this, which isn't even on the radar of most "institutional" investors.
2. The chainlink team has done almost nothing to promote it or get the word out since the ICO and what they have hasn't specifically talked about the token, see Sergey's talks
3. Maybe some (emphasis on some) of the big money is already in. Note how large of a market cap chainlink already has, having stayed pretty close to the top 100, with virtually zero marketing and mainstream hype. Other coins that get the fuck shilled out of them by the teams and have huge plebbit communities behind them like req have similar market caps. Someone is holding link to keep the market cap so high, and I doubt Jow Forums alone is doing it. Go through the slack channel and look up everyone in it. There are some very interesting names.
4. maybe Jow Forums is just irrationally optimistic and it's really not as promising as people here think so people with real money aren't interested.
5. It doesn't actually have a product yet. The tokens are essentially worthless at this point so the price is basically arbitrary and just getting pushed around by bcore.
Brandon James
What makes you think mainnet is coming soon? The only source you have for that info is nervous bagholders trying to build moral and pump their bags
Juan Robinson
it's not coming soon, but it doesn't matter. Zeppelin and Accord are already planning on using it and are well aware of the timeline, even if we aren't. These things take time. Jow Forums is just made up of impatient children.
Easton King
If I was to buy a coin for 10k today and forget about it for a year - should it be link?
Gavin Moore
Oh so you mean like how Request Network announced how great fiat integration would be using this silver bullet called Chainlink? How’s REQ been doing lately?
Matthew Fisher
REQ is shit. dont ever compare that to something like LINK.
Cameron Howard
You could either buy 200k link for 10k usd now or 1 link for 10k usd in a year.
