You fools don't get it, do you?

Crypto is now completely determined by macro factors and market microstructure concerns.

First, microstructure.

>Futures markets.

The week of Dec 19 2017 (ATH/subsequent crash), CME & CBOE started BTC futures trading.

This creates artificial supply as you can speculate w/o buying up limited BTC. Moreover, you can go short easily.

CBOE abandoned BTC futures in March, allowing BTC to go parabolic.

>Custodial services = biggest whales can now enter.

Big asset managers wouldn't trade in BTC until they had adequate services to hold the stuff. Why? There's a lot of operational risk when transactions can't be reversed. Your fuckstick trader can steal your whole position and you're SOL.

Big asset managers now have access to the BTC markets, creating an environment where macro concerns are the biggest drivers of BTC value.

Second, macro. Main concerns:

>Major currency/BTC pairs (CNYBTC, USDBTC, EURBTC, JPYBTC, KRWBTC).

Several of the major crosses [Korean won, Chinese yuan (CNY, the onshore variant)] are in countries with high capital controls.

It is hard to move money out of these currencies. Crypto is a way to launder it into a stronger currency. Hence China deval -> yesterday's pop.

There is a MAJOR arbitrage opportunity here as big moves often occur in one currency pair before they occur in another.

>Volatility and rates

Foreign exchange volatility is bullish for crypto, as I explained above.

Crypto has also thrived in extremely low vol market environments. 2017 was one of the least volatile years in history. Since March, market volatility has been near record lows. Watch the VIX term structure.

Why? Low vol = low yield (need big moves to make money). Thus, people crowd into more volatile markets e.g. crypto to take risk.

Low rate environment is good b.c. there is more money out there in search of yield to take risks. Big rate cuts = good for crypto.

Attached: screeeen.png (2940x1696, 910K)

Other urls found in this thread:

decrypt.co/5313/complete-ripple-partnerships-xrapid-xrp
rppl.info/
cnbc.com/2019/07/29/facebook-warns-investors-that-libra-may-never-see-the-light-of-day.html
twitter.com/AnonBabble

Continued..

>Global macro long-term trends

People managing billion dollar portfolios see a new type of systemic risk - the international financial system becoming destabilized due to trump/brexit/china/euro banks/etc. A lot of catalysts for a fundamental shift.

See: Gold breaking key resistance, hype around Libra.

>Concerns leading consolidation to BTC.

No major asset manager has much faith in anything other than BTC (and maybe Libra, once Libra is a thing).

Why? A few reasons.

A) Crypto is a historical anomaly in the amount of brain power that has gone into the space. Despite this massive inflow of intellectual horsepower, there isn't much to show for it. There are a few narratives that explains this, but generally

1) 'Blockchain' versus cryptocurrencies
2) Just use a fuckin database

B) BTC is 'millennial gold'. Ultimately, its a place on independence from the global financial structure. That is how the big boys are playing it.
If you all have any questions, I can answer them. I work on a trading desk for one of the world's largest broker/dealers (I'm not a trader, however).

Attached: EBOgLgrWkAI4Vbe.jpg (1082x799, 121K)

anyone who is not a brainlet already knows this
since you work for a broker do you have any inside info on how tutes are buying btc?

The lack of responses is pathetic.

Are the global financial markets collapsing a good thing for BTC?

alts have no hope?

>completely
This is the only place you're wrong.

Tldr:

When everything collapses together at once (which it will), crypto will be the Haven of choice.

Not to mention the age effect. As boomers die off and new generation comes in, crypto popularity will only increase.

Time is on our side ladies and gents, and greed is infinite. Just hold.

Narrow minded fucks with no vision or imagination are the losers who buy at the end of a bull cycle.

Attached: Screen-Shot-2017-12-10-at-10.54.46-AM.png (719x404, 24K)

>Anyone who doesn't know this is a brainlet

Agreed. I don't spend much time thinking about crypto markets but this is all self evident after a 30 minute dive into the data/charts.

However, 99% of people in this space are brainlets (more on this below).

>Inside info on how tutes are buying btc?

Good question. I'm in fixed income, like all the big dicks, so obviously the cross-over isn't huge. My firm abandoned BTC platform plans b.c. its not that popular with institutional clients. Why?

A) Its against fund mandates. Asset class limitations + operational concerns.
B) Those funds that are at liberty to invest are mostly buy-and-hold.
C) Futures are a much better way for a real firm to speculate in these markets.

However, a few desks at bulge brackets are providing BTC services. It's not a great business to be in.

In general, a lot of my buddies on Wall Street trade crypto b.c. the typical crypto traders are:

>Idiots on Reddit/Jow Forums posting dumb charts and pumping bullshit
>Silicon valley fucksticks who have no knowledge of financial markets whatsoever but code very predictable, dumb algos.

Thus, on the weekends after getting shitfaced at 1Oak, you can pull up and trade to pass the time.

should I hedge using BTC right now? what are some likely long term targets?

also will alts die with BTC surging continuously? and what are your thoughts on Chainlink?

you prob work for Barclays....they abandoned their crypto desk I believe.

Attached: 1511295540939.png (218x231, 12K)

You fucking reading what you are writing? By the time the boomers die out you be an old man faggots.

>Completely
You're right, I was too definite. Especially short-term, there are some trading strategies that don't need macro data. However, if you aren't watching forex pairs and BTC flows in different currencies, you're a brainlet.

Foreign exchange volatility is a good thing for BTC.

A total collapse? Try and imagine a world where the traditional banking doesn't work. Countries like Venezuela use BTC in real transactions for this reason. However, the financialization of BTC may expose it to systemic risks.

Alts, in general, are a failed investment thesis. They're either scams or they're worthless because the value is gone the second a better alt takes away the niche.

More generally, most of them actually do lack a use case, b.c. of the huge issues I have mentioned with operational risks in cryptocurrencies. Disadvantages outweigh advantages.

General consensus on the street is cryptos will consolidate to BTC and corporate-backed tethered products like Libra.

STINKIES BTFO'd again. Ty based forex trader.

Link > BTC

this is a stupid question because it also holds no merit whatsofuckingever. but how big of a market cap do u see bitcoin reaching?

Generational impact:

This is part of a lot of macro investors (dudes managing billions, not dudes managing their lunch money) thesis. Bitcoin = millennial gold. It has some big advantages over gold - ease of moving to other currencies and such - so it may outperform. Hard to say.

Hedge using bitcoin? A small allocation of a large portfolio may make sense. Depends on your exposure.

Will alts die? Most likely, there may be some long-term use cases but new iterations of the same concept threaten the value of individual alts.

Chainlink? The mere proliferation of smart contract coins proves the consolidation thesis. I wouldn't bet on the long-term success of any altcoins.

Barclays? No, I don't work for a euro shitbank.

It is a good question. Pic related is a stock-flow model that a lot of macro whales have been throwing around that 'justifies' a very very long-term 100 trillion dollar market cap.

Scarcity is assumed to be a good thing, not a thing that will break the transaction protocol.

Gold's market cap is ~7.7 trillion. I don't think bitcoin will exceed gold in the near future.

Literally no one that is reputable at all invests in shitcoins. The only people with 'money' are shitty crypto 'hedge funds' in silicon valley. Or as we call it on the street, Sillycon Valley. Tech bros are idiots.

Attached: Screen Shot 2019-08-06 at 10.28.49 AM.png (1516x1150, 472K)

reddit spacing. didn't read

1. BTC = $100k+ in few years. Y or N?
2. XRP, opinion? Use case is clearly defined and the level of adoption occurring as we speak is excellent
3. How are you going to play this market?
4. Why are you posting here?

Thanks for your time.

I've never even made a reddit account, you fucking imbecile.

You always space out blocks of text because people like you have no attention span. Even research notes on the street are published this way.
1. Low double-digit probability. Enough to allocate some money. Should perform well when everything else is shitting the bed. If everything else is shitting the bed, greater than 30% probability.

2. I liked XRP in Spring 2017, mostly because of easy arb trades. The use case is gone now - big banks are making currencies that will replace any use case of XRP, Libra replaces XRP. I know some notable fund managers liked XRP but are now bearish (they think it is worthless) with Libra coming.

3. Short term trades based off of analyzing flows in foreign currency markets.

4. I'm between firms right now, upgrading to an illuminati-tier one, and you have to wait a month or so before you're allowed to start (garden period).

Why are you instructed to stay away from work during the notice period, while still remaining on the payroll? How does this happen?

I'm not on the payroll, aside from the signing bonus.

Its to 1) pass background checks and 2) so you don't take market strategies from your old firm.

Standard at all reputable firms. I'm effectively a neet right now, except all the gold diggers from college keep hitting up my linkedin (no joke, shit is weird).

I have to go AFK for a few but I will answer anything to the best of my ability when I'm back.

Hey dude, mind giving some advice to someone who's trying to enter the market ?

As of right now, I see the stock market as only something for the mid to long term investing. Otherwise, I was seriously interested into scalping and day trading forex, since I truly believe that there's some money to be won there.
However, since crypto has come to my mind, they sure seem intriguing. Just seeing so many of those charts going sideways, and kinda stabilizing themselves, I don't know man, it's kind of tempting.
I'll most probably take a look into them anyhow, question is for how long should I hold them.

Thanks a bunch dude.

>Illuminati tier one

You have my attention. So you aren't talking about a well known fund like say PIMCO, Dimensional, etc?

Do you accept the possibility you may be wrong? Just curious to see how firm you are on your opinion.

Seems to me like XRP is the only crypto actually being used today, and is steadily on its way towards adoption (BofA patent, ADP patent, SBI bank consortium using the network, MoneyTap, R3 Corda, Swift, ect ect).

I only bring up XRP as it is the only alt coin I see with a clearly defined use case, and actual ongoing adoption, essentially disruptive. Seems like an easy play to multiply more BTC.

Attached: MoneyTap.png (969x731, 254K)

It’s gotta be BlackRock.

Nice larp
no trade desk slave wagie has time to trade, not to mention it is probably forbidden in your gay code of conduct

DRNS

He said hes not a trader

>XRP

XRP is not used by any bank for settlement. For their commercial customers they spin up standalone nodes.

The only real-world BC out there is ETH. DeFi is a meme, but there are actual real world application being written using Solidity; most of that stuff is in-house though and will be executed on private/permissioned blockchains. I can't imagine any half-serious company out there that is going to tie their operations to a massively fluctuating currency and an autistic/pedo project lead.

In terms of short time price movement, I'm still betting on a massive ETH PoS pump once normies realise there's dividends for crypto. 99% of all tokens will go to 0 over the next 5-10 years; maybe BTC will survive, maybe not. Depends on the publics perception of BTCs ability to project store of wealth.

Advice on entering market?

It is a tricky time to enter the market. A lot of macro headwinds.

>World outside of US in a recession

Pretty much, GDP prints have been at or near recession throughout most of Europe.

>Emerging markets haven't panned out

Most crowded trade but strong USD has made this tough.

>No corporate earnings growth since 2014.

Recent GDP data revision from the Fed shows corporate earnings haven't gone up at all. Pretty much they admitted their data was shit. Aside from tax revenues, all other earnings growth has just been zero-sum between corporations.

>Buybacks and leveraged loans.

Highest amount of corporate leverage in history. Corporations are marginal buyers of their own stock. If leveraged loan market dries up, say goodbye to current prices.

>Fed probably didn't cut enough

Powell has increased the cost of funding a significant amount, from near-0 to 2.5%. Its all relative - because borrowers borrowed as if near 0% rates would continue forever.

All in all, equity markets look extremely frothy. Compound that with the demographic headwinds from babyboomers cashing out + underfunded pension funds and a downturn could get ugly.

In equities, I like long-convexity strategies (e.g. a basket of OTM LT puts/options w/an index) but gamma is very expensive right now.

In FI, rate moves trend. The fed fucked up by not cutting enough. They'll probably cut more in September, no matter what Powell says.

All-in-all, it is a tricky time for long-term allocations. Long duration treasuries (stay the FUCK away from corporates, we'll see BBs get downgraded in a downturn) could be a 'move' although it isn't one you'll bank on without derivatives.

Wish I was big brain 300 iq finance guru like you OP

Thoughts on the biggest shitcoin ETH?

XRP isn't decentralized enough to keep its advantage over libra or whatever clones get created by big banks.

My new job is on a trading desk for one of the biggest players. I'm not a trader. Sort of like a quant but I'm not weird.

I'm waiting to start at a new position, as I explained. I'll probably never get to do this again.

I think is right about XRP. I MAY be wrong.

I don't spend a ton of time on cryptos. I'm more relaying the 'market consensus' of big fund managers than coming up with my own thesis here. Most of the real world whales think XRP is a bust now.

I'm not as confident about even ETH as is but ETH has more support/more real bulls than XRP, for sure.

As I explained, all shitcoins are most likely going to get smashed, and ETH is no different.

I'm not even that experienced. I'm just obsessed with the financial markets. Still a lot of people in the business that I can learn from who do circles around me intellectually.

>CBOE abandoned BTC futures in March, allowing BTC to go parabolic.

CBOE had a fraction of the trading volume of CME, so I don't think this is a good assumption of causality

Yeah, you're absolutely right. However, the timing really does get the noggin joggin.

Also CME BTC volume isn't great.

Why do you think Libra target launch in the first half of 2020 ( as they mention in their whitepaper), will SHTF and they want to take advantage of it to appeal to the masses? Also they mention that LIBRA will be backed by low-volatility assets such as short-term government securities and bank deposits, what exactly will those securities might be?

Surprisingly, I've managed to figure it out my myself that the market is slowing down, but not significantly.
However what I find troubling is where exactly should I start. I'm being drowned by forex, for short term profits, but should I look elsewhere, or just go safer with indexes or bonds ?

Thanks a bunch dude, you're really helping me out.

>I'm waiting to start at a new position, as I explained. I'll probably never get to do this again.
Yeah my mistake, attention span etc like you mentioned

>My new job is on a trading desk for one of the biggest players. I'm not a trader. Sort of like a quant but I'm not weird.
What is the position called? What background is needed to get in?

Completely wrong. Ripple is being used (xRapid) solution by a few entities. xCurrent (doesnt use XRP) has much more entities using it currently. Nobody is using ETH right now for anything. Just saying, dont mean to offend.

decrypt.co/5313/complete-ripple-partnerships-xrapid-xrp

rppl.info/

False

I agree that ETH has incredible hype, but as of now, no product. People can argue PoS ETH 2.0 is right around the corner, but until I see it, eth is just another Dapp platform that can't run anything serious. Dont get me wrong though, major alts are going to pump hard again, against BTC (ETH XRP LTC ect).

>I'm not even that experienced. I'm just obsessed with the financial markets
In your opinion, do you think it is even possible to learn as much about financial markets on your own, as you could working on a trading desk?

>I work on a trading desk

Could you please tell these morons on biz that TA actually works and they've been ignorant to be so dismissive of it?

Unemployed larper.

>Completely wrong. Ripple is being used (xRapid) solution by a few entities. xCurrent (doesnt use XRP) has much more entities using it currently. Nobody is using ETH right now for anything. Just saying, dont mean to offend.
Let me rephrase. I haven't heard of a single bank holding XRP. All I've seen is standalone ripple nodes doing settlement.

>just now realizing this

I think your take is a good middle point. In general, street is very bearish on Ripple.

I don't think it is because they think SHTF in H1 2020. I think it is because the rollout will take some time to prepare for.

Libra is backed by a basket of securities denominated in multiple currencies so it isn't overly exposed to one currency. Probably treasuries of G20 countries and such. I'm not a Libra expert, again, I'm more relaying what those who have dug into it (and are actually in notable positions in high finance) have said.

I don't know how well you're doing short-term. In general, my advice is to get a job in finance and make some millions before you worry about running your own account. For your retirement savings or whatever, lets just say I wouldn't be overweight equities.

I think the next downturn will cause the fed to act like the BOJ, QE will be massively extended, may be 'we are MMT now' to get some inflation targeting.

Can't say too much or it'll expose me. But just a general finance background.

It is very possible but you need to network.

The first time I visited a Wall Street trading desk at a major bank, I was 18 years old.

You need some people to guide you to the knowledge you need.

Yeah, most of the forex/macro traders use a lot of TA. In some markets, the price action actually means something because of fixings etc.

TA alone doesn't work. TA is a tool to analyze how things are priced in, how things may move, not to independently form a thesis.

That's until tech progresses to a point where a sc/dapp protocol becomes good enough (scalable and secure enough) to be widely adopted. Right now none of the leading platforms can scale to meet enterprise needs (cosmos being an exception).

The exciting thing to look out for is stuff like fantom with their insanely fast lachesis consensus which allows any wxiating blockchain to plug in and take advantage of the instant finality and hight tx throughput.

Basically, fantom becomes an ultra fast distributed computing protocol which will scale the entire blockchcain ecosystem making the useful once again. Think of it in terms of creating the internet of blockchain instead of the current set up where each blockchain is trying to tackle a different problem in a silo, kinda like intranets before the internet was created.

With fantom, all of a sudden, an eth dapp could scale to meet consumer demand, that same app could pull data from another platform (let's say, an accounting database on Factom blokchchain) and make it all work seamlessly together.

I accept you are not a larp, so Im gonna ask a question for educational purposes.

Where so you get your info from? How do you learn all this stuff? What people are you talking to? What kinda circles does one have to be in to get into big boys club?

>only BTC matters

See, that's the kind of talk I fully expect from East Coast finance types that think crypto's only use case is as a store of value

What the fuck do Wall Street faggots know about dapps and smart contracts?

You're wasting your time with FTM. ONE is where your attention should be right now

Honestly dude, luck and drive.

I didn't go to the right school and I didn't get the best grades. I had a friend who was several years older who got me started out of highschool.

Reading a fuck ton. Reading the perspectives/insights pages from major investment banks.

Use resources like RealVision. Anything that allows you to learn from actual financial greats.

Don't read meme bullshit.

Know the math. if you cant calculate the NPV of a bond in your head, you should read a book.

For new sources, WSJ and FT are the only reputable mainstream sources that are also cheap enough for anyone to get a subscription to. People on the street do actually read Zerohedge, its run by some old sellside guys.

I agree that smart contracts have applications. That's why I'm bearish, if you read what I have to say.

West Coast tech bros are the type that baghold Tesla and buy BYND at 240.

Please don’t cast aspersions on my LINK dreams, I don’t have much else going for me :(

>General consensus on the street is cryptos will consolidate to BTC and corporate-backed tethered products like Libra.

Libra isn't going to make it. Facebook is already walking back some of the hype to it's investors.

cnbc.com/2019/07/29/facebook-warns-investors-that-libra-may-never-see-the-light-of-day.html

RSR/RSV will take its place.

Appriciate your effort.

I disagree with BTC being the sole consolidated investment.

What about corporate backed projects like Chainlink and Ethereum? It seems the network is being supported by the biggest players. And Chainlink especially has been net positive against BTC the last year.

Thanks for the replies, and sorry for calling you a larper. It is clear that you know what you are talking about.

How big a drop do you think we will see in US equities when the crash actually happens? When would be the right time to take a position in a long term treasury product? Seems like it might be late already...

So bitcoin will die because there are too many bitcoin competitors and it is a failed investment thesis?

A corporate-coalition backed crypto, whether its WMT or FB or JPM, is inevitable at this point. Due to the hype.

FB just has no political capital.
No problem. If you have any other questions, let me know.

Try and work in finance. Otherwise, you're just a baggy.
You may be right. My point in posting this view is more that it is the consensus view by big dicks in finance, not that it is necessarily correct.

I don't think LINK will have the staying power because
A) corporate coalitions a la Libra are more powerful
B) next iteration of smart contract tech inevitable
C) no catalyst for widespread adoption in a world with Libra-link platforms

No clue. I think we could be in for a big crisis b.c. of underfunded pensions + boomers start retiring this year + overlevered corporates + international supply chains collapsing + japanified Europe + populism.

could be big.

It isn't too late. I think the fed cuts again this year, maybe 50bps in September.

US raes WILL BE negative this cycle. Remember, rates trend in a direction. One-and-done cuts aren't a thing.

How you want to play this depends. Do you think the cuts won't be enough to re-steepen the curve? Then long-term treasuries won't be a good play.

Europe has 13 trillion in negative yielding debt. The US will join this club.
No, I think there is a very high probability that bitcoin will outperform longterm. Bitcoin has the staying power - there will just be consolidation.

>Chainlink? The mere proliferation of smart contract coins proves the consolidation thesis. I wouldn't bet on the long-term success of any altcoins.

Well clearly there is a miscalculation in your thesis. There is only 1 oracle network and that is Chainlink.

The "proliferation of smart contract coins" or platforms only strengthen the case for Chainlink since it is the standard in the way TCP/IP is and every platform will be using it. Any competing project that tries to enter this space only complicates and creates an inefficient smart contract adopted scenario. much the same way a competing internet protocol would create confusion and inefficiencies if they would try and break into the market today.

Sure, the truth is, as you stated, No one uses smart contracts... yet. But that is because Chainlink just launched its mainnet two months ago. making Smart contracts available, finally.

Much like the dotcom boom of the 2000s, B2B will be the first to implement these applications. We are already seeing happen now.

When is the best time to buy btc?

>Bitcoin has the staying power - there will just be consolidation.

Why though? By your own logic this is not the case.

*then long term treasuries would be a good play

We will see. I think, for the most part, the 'crypto backed by Oracle wooo' is akin to pennystocks announcing big contracts.

It doesn't really matter if it's inferior tech or whatever, same as gold.

You may be right but money isn't going into bitcoin because its the most innovative because that doesn't really matter.

2011

>I don't think LINK will have the staying power because
>A) corporate coalitions a la Libra are more powerful
>B) next iteration of smart contract tech inevitable
>C) no catalyst for widespread adoption in a world with Libra-link platforms

Well, lets discuss this.

Chainlink, LINK is the key to making Libra work. Much in the same way Reserve (backed buy coinbase) uses Chainlink.

In order for Libra to be a "decentrlized token" option LINK is needed.

Good thread OP. Restore my faith in Jow Forums

Attached: 1506534670978.jpg (700x719, 94K)

I should rephrase this

Smart contract platforms (LINK, ETH, etc) catch a bid because of their technology and future adoption of their tech.

I think this is a bad play because in all likelihood they will be outcompeted by better tech.

Bitcoin is akin to gold, store of value. Tech innovation won't impact it because it is what we use to get exposure to digital assets.

Nah, ONE is pretty cool. Is basically a bunch of eth code with a sharding implementation. It doesnt have the same scope as what Fantom is meant to achieve. ONE can thrive along the other scalable smart contract platforms.

Fantom aims to allow them to all operate seamlessly together. Build a dapp on harmony which interacts with smart contracts on Etherem and stores data on Bitcoin as a basic example.

>mfw i realize the only important thing to get from this thread is that institutions are going to buy my bags at a ridiculous premium

Lmao

Attached: 1E087744-079F-4083-AC2B-51DA181A91D5.jpg (471x388, 37K)

I do agree though that Chainlink is an unkown and missunderstood project to the bigs in finance. Its logical that they see Bitcoin only. It is the oldest and most proven secure investment. However, I do believe that once the smart contract economy kicks in Chainlink will be undeniably the chosen protocol and necessary investment in future portfolios.

We shall see.

FB hasn't confirmed this. i don't think the 'oracle problem' is too great for FB.

>may be very wrong. Don't take this as trading advice.

Everything Sergey has said = sounds like some pennystock pumper.

This is the most important takeaway from what I'm saying. I am much less laying out a thesis and much more laying out the consensus view by those with money.

Just for clarifications.

Eth = smart contract platform
LINK = Oracle network.

The two are completely different and can't exist without the other in real world B2B and B2I applications.

This this and this. BTC being dinosaur tech is ideal for its purpose. It is unbreakable, and there will be competition for hash power soon enough between countries.

If LINK does not depend on ETH and can function regardless of blockchain type, it will go far. Otherwise, if the big ship sinks, so will it

Good thread OP. Surprised we have good posters still here.

Edit

I should say that LINK and any Smart contract platform like ETH (since LINK is blockchain agnostic) cant esist without the other in real worl B2B and.... etc.

What your price target and time horizon (doesn't have to be too specific, I know theres no good way to model this)? What will spur wide-spread adoption? Good tech doesn't mean its a good asset.

I rarely post or even visit here anymore. It's a shit show. Cures the boredom, though.

Alltho you said you dont work on a trade desk, what indicators/ta do big guys use?

Because I fucking know it aint no fucking eliot waves crap.

>There is only 1 oracle network and that is Chainlink
>'crypto backed by Oracle wooo'
he doesn't know

Attached: 32-320053_pepe-faces-transparent-pepe-the-frog-face-transparent.jpg (920x429, 70K)

Good thread op

Attached: bubble.jpg (567x548, 83K)

10x your crypto with moon3d. bonus schemes awaits

Can you link bag holders move on already, this guy is wasting his brain cells on your token which we have already dedicated half this thread to.

Lets talk more about the macro factors that will start to effect BTC in the next few years

Can you expound more on what it is other than its current name recognition, the fact that millenials like it, the fact that it is "what you use" to get connected to digital currency markets that you think gives it value primarily over some other coin?

>RealVision
Any book recs op? Currently in school for finance. Gunning for a trading desk somewhere after college.

>crypto backed by Oracle wooo

you mean backed by Oracle, Microsoft, Salesforce, SWIFT, Google and Facebook

will there be mass suicide by /biz stinky LINKies?

you just said it

Allow me to redpill you on Hedera Hashgraph. The hashgraph consensus algorithm is objectively better than everything else, achieveing asynchronous byzantine fault tolerance. It reaches the theoretical limit of security on the internet, and does so with virtually zero bandwidth overhead and extremely high throughput; latency to consensus is about 3 seconds on average. Everyone will call Hedera "closed source" and "centralized", but this is knee-jerk reddit-tier FUD; Hedera has a clear path towards decentralization, with open code review and open participation in consensus, they are simply taking every precaution possible while bootstrapping their network. Hedera has a legal team and full regulatory compliance; this is not a negative. Bitcoin=China and Hedera=US, old money will never truly pump btc; Hedera will be the first crypto with an ETF, they are delivering everything ethereum promised the world. Hedera Hashgraph is engineering a new asset type: a scarce digital bearer instrument with zero counterparty risk, but with an associated and intrinsic return from staking. An asset like this has never existed in history and it will pull trillions, not billions. Anyway I hope you read this I hardly ever post

Attached: 2357654.jpg (526x354, 163K)

Essentially you are saying Link is not a good long term play because there will be better ways to do oracles in the future. That is debatable but let's just assume that is correct.

Now let's look at the medium term. There are no other oracle providers that are as technically complete and as populat as Link. Nearly all smart contract platforms currently in development are using link as their oracle provider. It is the standard.

Combine that with the fact that oracles are the final piece of the puzzle to enable truly working smart contracts, and you see why we think it's a big deal. The next iteration of smart contracts will be external data aware programs powered by link.

Maybe that will make it a bit more clear why there are so many linkers.

>Price and time horizon?

LINK = $10 by end of September. Possibly $20 - $30 end of year.

>What will spur wide-spread adoption?"

I believe we will see the reasons surface by September. the implications of PSD2 being one. Corporations and banking that will announce moving towards a smart contract/blockchain future being another.

>Good tech doesn't mean its a good asset.

This is true. Chainlink is specifically an investment with the idea that smart contracts is/and will be a big part of our future. Starting 2019 and a heavy move towards SCs in 2020.

As a founder/CEO of a tech company from Silicon Valley, fuck you wallstreet parasites. Your only validation is to provide us liquidity and make money off the arbitrage.

We are already coming after you and redesigning your finance infrastructure. With algorithms and DNN’s doing the transactional side and analysis, you human tokens will soon not be required.