We have pretty much a 100% retracement of this recent rally...

We have pretty much a 100% retracement of this recent rally. So fucking mad at the team right now for selling off such a huge amount into this opportunity for price discovery. I want some fucking transparency about how a tiny team can go through 32 million in two years. How much did the town crier acquisition cost? How much salary are the team members taking?

Assuming they have used their ICO money wisely and not like fucking assholes--- and that they continue to be fiscally responsible--- this selloff better add some huge fucking value to the project. It better be an acquisition that adds immense fundamental value and more than recovers the damage they did to the price by this move. The markets are slow to respond; the selloffs are not priced in yet. We have not seen the worst yet. Fucking assholes better deliver with this money.

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24k support has been just broken, We're going straight to $1, no joke this time.

But isn't that mostly cuz btc is dumping and link is still a great project fundamentals haven't changed etc.

lol

They literally dumped at the worst possible time, it's like they were intentionally trying to break the $3.25 and $2.60 supports. Makes no sense whatsoever unless they have massive news tomorrow.

>24K support
Kek, was never support. Next support is 18K, and it was that since early July. Previous support was 26K btw

>using fiat for support
Not sure if ironic or just a brainlet

you're not factoring btc dumping
link is losing sats but not that many, the real thing fucking us is btc going from almost 14k to under 10k

Don't worry so much about FIAT right now. The entire market is shitting the bed thanks to Zuck the Cuck triggering fears.

Keep calm and let Sergey exit scam

>using their ICO money wisely
>Fiscally responsible

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

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This is coordinated by the government. It's all a retarded show to get rid of the losers. Fuck them but also just fucking hold for fucks sake.

It's also shitting the bed sats-wise.
Pajeets exiting all markets in terror

Thanks, your low IQ take made the decision easier. Bye Jow Forums have fun with literally 9gag and kikebookers posting on here.

Reddit out

I sold a qtr of my stack. Buyback orders from 1.2 - 1.7

Think about it for a minute, what would 99.9% of the world do if hundreds of millions of dollars were given to them. Theyd sell out hard

Haha links fall is just starting

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You really don't believe boomers are pulling out right now?

>he thinks partnerships are free
yikes

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That's really sucks. 100% correction looks like PnD, but let's assume it's all because of BTC, and LINK real price is 3.3-3.5, what would happen if BTC goes 8k-7k, sub 2? Really?????

Yes? Don't be surprised when it happens.

>I want
Well you aren't gonna get it you baby bitch. They owe you nothing.

Why is it possible? Where do the money go?

>Mad at the team
You have absolutely no brain

24k was the strong resistance LINK tested 3 times.

This is perfect, I want to buy more.

Fucking Christ, you people talking about sub-$2, just shut the fuck up.

It can happen. If we break 2.2 support just by 1 cent - we go sub2 guaranteed

The team doesn’t give a shit. Think on longer timeframes than weeks

Check daily chart in LINK/USDT pair.

$1.5 is the target

Them selling didn't help but pretty much every other alt got slaughtered as well. This little BTC bull run was smoke and mirrors and now it's over. We're in a bear market til next year at least.

All alts are. BTC dominance is 67%. LINK is still #15 on CMC.

Test

Into the pockets of smarter men

its hard to question a team that consistently provides exactly what they say they will, everytime, on time. if you dont trust sergey by now, there is never going to be a company you can trust

Cool, thanks. Must be wonderful to live in your personal world of having zero normal human emotion.

I am. Haven't sold, and again am hoping that some big acquisition is being pushed through with this money. It will definitely not be announced tomorrow and probably not for a few months with associated legal considerations that have to be addressed.

You're correct, partnerships do cost money. There are probably huge expenses to courting companies and possibly payments for the actual partnership. That isn't even factoring in all the costs of participating in conventions with all the accompanying costs of team travel, marketing, merchandise, etc. I doubt they have in-house graphic designers or people working on their branding so there are additional large costs for that.

additionally, imagine how much legal counsel they've had to engage for everything they want to do as a company. That probably costs a huge amount. My point is that I'm willing to accept that it's easy to burn through 32mm in two years. But this money they're getting now better be put to further good use.

it's almost like sergey and co knew the market was about to shit the bed and decided to cash out

see you soon

Lol. Wait for sub $1 cuck OP. You ain’t seen nothing yet

No worries here mate. Just can't figure out how "BTC dominance" is still a thing for crypto projects that in no way derive their value from BTC

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>i want transparency
Then invest in stocks
Crypto is all chink scams and con artists

They held at some point 3 FUCKING BILLION DOLLARS.
They cashed out a measly $15 million.
Bearish af though.

Very smart answer, take a candy.