I bought $20,000 of Chainlink at $ 3 because a good friend found it in Jow Forums and read that below $10 was a steal.
I do not understand why the price and volume are dumping. Could you give me some explanation?
I bought $20,000 of Chainlink at $ 3 because a good friend found it in Jow Forums and read that below $10 was a steal.
I do not understand why the price and volume are dumping. Could you give me some explanation?
It will dump to $.80
Kek enjoy getting rekt, that shit is going to 0
Just waiting for major news now fren. I also have twenty k but I've had it for awhile. Richer marines are most welcome. Oracle one should be exciting.
It's basic supply and demand. There is a demand for Chainlink tokens so the team has to increase circulating supply by selling their tokens. Now with supply going up demand continues to go up and the team is forced to sell more. Eventually all 100 billion tokens will be circulating and the demand will be off the charts leading to a price of ~$200 end of year.
>Team kept 35 million link to themselves
>Pretty standard as crypto goes
>They then begin to sell to raise funds for development
>Pretty standard as crypto goes
>They continue to sell even after raising several million dollars
>A little sus but they will stop soon
>They keep fucking selling
>And selling
>And selling
>And selling
Absolute reckless disregard for the value-growth of their coin, or towards attracting new investors. No one wants to by into a coin that is going to continue dumping until the team empty their cache, aka 3 years from now when link is at 30c
Look kid, here we buy high and sell low. You did right, but now you have to sell asap before it goes up again.
Why I do not find any real investor in this thread?
>They claimed their product is decentralized, it's not
>No one using it cause it's centralized
>Team own 65% of the supply
>Team aggressively dumping
>People starting to realize Swift/Google/Oracle were fake partnerships, also starting to sell
Sell now, cut your losses. The team barely dumped 1% of their tokens and it dropped 60%. They still have 99% left to dump. Oh, and it's been months since mainnet, 0 adoption so far.
>35 million
More like 650 million, you fucking shill
yep Linkers are constantly lying to pump their bags.
$0.16 LINK investor here. it will unironically be over $100 by the end of 2021
no, it will be back to 0.16. No one is using LINK KYCed oracles. The more time passes, the more obvious that fact is.
Under ten dollars will be a steal if you're in for a long timeframe--2-5years from now
>he thinks businesses will use non KYC’d oracles.
True decentralization is a meme user. Chainlink was never about a libertarian fantasy. It’s about harnessing the power of a global computer for corporate elites. If you don’t see why that’s valuable you won’t make it.
You can make a KYC oracle yourself in like 100 lines of code. It has no value. That's why no one is using LINK now.
The value would be decentralized oracles, which are incredibly difficult to make (pretty much an unsolved CS problem), and Chainlink has proven they are too incompetent to do that.
Learn some programming before investing in software projects you don't understand brainlet.
This has nothing to do with how good the software is and everything to do with corporate influence. People don’t give a shit how good the code is or whatever technical shit you come up with. All that matters is that Link is the protocol for all future oracles whether you like it or not.
It's taking because a certain fat bastard keeps unloading 700k LINK every week like clockwork.
>”True decentralization is a meme user. Chainlink was never about a libertarian fantasy”
>NOOOOO the decentralised oracles arent REALLY decentralized that’s just a meme user they’re just oracles which are centralized
AHAHAHAHAHAHAHAHAHAHAHAHAHA
HOW DO LINKIES KEEP REKKING THEMSELVES LIKE THIS?
>Could you give me some explanation?
700k
>People don’t give a shit how good the code is or whatever technical shit you come up with
This has to be a false flag, I know linkies are deluded dumbfucks but this has just gone beyond.
Because is scam op. He fooled even the Google and SWIFT. Please doing the needful and sell
Explain how you would make a decentralized oracle system without kyc. You would get fucked over by an unknown party eventually. You’re not very business savvy.
>Learn some programming before investing in a project.
Do any oldfags ever come back just to look at how cringey all these poor newfags are? Hey Mr. Programmer, why don’t you tell us about some of the experience you have in how purchase orders are processed? Oh, you’ve never even had a job? Oh, interesting! Please tell us more about your superior perspective that you garnered studying Computer Science and watching YouTube videos! Very interesting!
>Why I do not find any real investor in this thread?
Because we are not your run of he mill plebian investors here who want to earn a (((compound interest))) on a (((fixed rate))) boomer (((stocks))) and (((options))) markets. We are the FUTURE. We have been able to realize the future and all that is needed is patience. If you do perceive this future then back to the archives with you.
Not fast enough
Maybe because 70% of this shitshow of a market is btc and its been shitting the bed repeteadly since july. Maybe that has something to do with almost everything being in the shitter, again.
Just hold and stop being a bitch ignore fud and enjoy life when itbhits 1k
What's your point? It's literally provable on the blockchain that no one is using Chainlink. Not my fault if you're too uneducated about programming to know that.
Are you kidding ? Go to twitter if you want to find some hopium. There is only shit fud here you dont want to hear
Does anyone have that YouTube vid of 1990s Steve Jobs answering a heckler saying “so and so makes better software than apple though” and he explains how it takes more than just good software to run a successful business? Literally the same thing going on here
>I do not understand why the price and volume are dumping. Could you give me some explanation?
It did this for two years. Volume to nothing. Price sideways after tanking. It's fine
Completed difference me nig. Stevo Job(s) were just a market guy sell stuffed for Apples. Everyones knew Wobberjack are a brains beside the Job(s)
I remember there are 2 young boy became millionaires with only few lines of code
What if I told you there are lots of companies working on developing Oracles for specific purposes? And that they’re not using them yet because the infrastructure isn’t quite ready? You might know something about these use cases if you ever had a job contributing to anything that has accomplished something...
Knowing how to program is a low level skill. Any low IQ moron who can do algebra can “program.” Just because you took some classes where you learned to make a C++ tank game and a clock in Java doesn’t make you smart or allow you to understand complex industries better.
I mean this sincerely: you should get a job with a company that is developing DLT products. If you do, let me know how long it takes for them to run into an oracle issue. Then see if your boss wants you to make your own oracle or use one that, by that time, may be experiencing more and more adoption. If he chooses the former, then by all means, write your own 100 line oracle and see how well it works. Make sure it is secure though, because you’re gonna get fucked in the ass the second that oracle sends the wrong amount to the wrong person, and your boss’s company may go bankrupt.
But hey, it’s just 100 lines of code right? Why are there thousands of people around the world discussing something so simple?
Looked I justed write the shitposted from mom's basement. I are based because I am living in the basement.
>$3 LINK INVESTOR HERE
so you're nu and should be lurking.
They have raised about $30mm from these dumps/OTC sales, which is approximately the amount they made from the ICO. This means they theoretically have the cash to operate for a year or two without dumping.
Yeah holy fuck ur dumb
700k getting dumped every pump. enough said.
next pump. GET the hell OUT
>No one using it cause it's centralized
Cause the oracle problem isnt a real problem
t. schitzo paranoid of KYC
just sell your LINK then faggot. put your money where your reckless retarded mouth is.
poor kitty
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team
650 million.
They only dumped 10 million so far, like a pack of wild, scheming Chinks, and crashed the price down 50% from ATH.
Without any obligations to investors, this is an absolute shitshow, and no sane person should fucking buy until there is clarity from the team about premined tokens.
The silence from the STINKlets is deafening.
I guess hiding their heads into the sand is all that is left in the face of these facts...
Staking and most services aren’t even out yet obviously duh. How can the network have real volume if it doesn’t do anything. Keep buying to lower your average cost.
Nobody is paying for crypto services, so any profit is literally a decade out.
>crashed the price down 50% from ATH.
if only they hadn't "dumped", the price would have continued it's parabolic path forever to $100 million dollars per LINK, just like Bitcoin did
Read no further.
people are discussing DECENTRALIZED oracles. No one is discussing centralized oracles. That's 100 lines of codes.
Chainlink is not decentralized and has proven they are not competent enough to make decentralized oracles.
You would know that, if you learned some programming before investing in software projects, brainlet.
This.
Link is still a good buy.. just because Sergey and co. is bad with money, doesn't mean that Link will be a failure in the long run.
I sold 60% of my link stack a month ago, will hodl the rest to eternity, probably gonna buy back in, in a couple of months.
Chainlink is centralized private code that will be PoS
the market has already proven many times that open source, decentralized PoW cryptos are the way to go.
Sergey also has a history of exit scamming as the main developer of NXT before starting Link, sounds a lot like the same project.
>hurrr it's centralized!!
Read Sergey's blogpost.
its absolutely centralized you dope, read the whitepaper.
KYC has nothing to do with (de)centralization.
>Chainlink is centralized
Read Sergey's blogpost.
Literally the first words of the whitepaper are
>"ChainLink
>A Decentralized Oracle Network"
>Chainlink is not decentralized
Read Sergey's mainnet blogpost.
you can't have decentralization without open source. you are dependent on sergey and the other dev, they control the code.
Plus Sergey and the other dev own the vast majority of the tokens, they can dump whenever.
Open source has nothing to do with (de)centralization either.
And Chainlink is open source.
It literally says so in Sergey's mainnet blogpost. You should read it.
>You can make a KYC oracle yourself in like 100 lines of code
Some people are just so stupid. SOO STUPID. I mean, no wonder why they come here and type this because they would get laughed at in public.
Yeah sure copy software. Why not just clone Ethereum or Bitcoin? Becuase people have done so already and guess what? No one useses it.
NO ONE WILL USE YOUR ETH,BTC, or LINK clone.
dude, some devs are just stupid (if your even a dev). They have no idea of how the real world works.
"but muh 100 lines of code is just like Chainlink..."
Let me spell it out for you idiots. Its not about the tech. Sure the tech needs to be secure, it needs to functional but anyone can copy software. ANYONE. So what is it about Chainlink that seperates itself from the rest.
1. First mover advantage. Like 10 years in advance. When did Sergey start the Smartcontract.com project? Check and let me know how many years your 100 lines of code needs to catch up with LINKs.
2. The most important thing of them all. A client base. Sergey spent 10 years of his life networking with businesses building the Chainlink to meet customers needs. Not the other way around - a dev creating something and begging customers to use it when they don't need it.
10 YEARS of networking. Swift, Google, Oracle, Hadera, Web3, SAF, Zepplen, Oracalize, Accord, 100s of teams (almost every crypto project in this space announcing a partnership daily) The purchase of Towncrier, and more to come and all of it. ALL OF IT.
think! you stupid person. Do you really think if you copied ETH, copied BTC and in this case copied LINK that magically all of Chainlinks clients would flow to your network????
Your basically saying you can copy OS with some tweaks and everyone will use your software. Jeezus. the state of some "devs".
Read the above over and over again so that you will get some business sense of the world we live in.
why haven't they started code stacking
dude your cope is impressive. corporations don't give a shit about decentralization. They're not gonna pay shit for something when they can just copy it and PATENT it. Chainlink has no patent, no fucking killer application. It's not blockchain agnostic. It's testnet is just bots doing perfectly timed transactions and it's github looks like a ghost town with hardly any activity. Partnerships don't mean shit even if they're real, which they're not. Sell now and thank me when it all implodes due to whatever bullshit excuse they can come up with.
good software has at least 300 lines of code, every elite dev (such as myself) knows this.
Okay when you guys ramble on about warosu, what the hell are you even pointing people toward? Do you guys just match predictions and volume of predictions to causal events?
I've been here for a while now and I'm still not even sure what the hell any of you mean.
>cloning myspace will never work
>"no point in making a new kind of computer," thought Steve Jobs, "copying what Bill Gates did will never work"
Corporations will learn the value of decentralization when their centralized systems are hacked by elite hacker commandos and when they try and report it to the cyber police they will find out there is no such thing.
Apple computers always lagged far behind PCs in terms of adoption.
Literally all you have to do is observe good tech, a strong team, and a propensity for networking and competent social dynamic from a team.
You faggots falling for the FUD in this thread are hilarious. Is anyone still here, or is this just bots, NPCs from ribbit and FEDs?
Well, you gotta figure that the next few years are most likely going to involve significantly higher operating costs as they expand the team and start ramping up their marketing to big players, plus any more acquisitions
I see we got another smart guy here.
I love how you guys completely look over the other tech that makes up the Oracle network.
Do you guys plan to clone towncrier and threshold signature tech? How many lines of code is that do you plan to copy.
Full blow retards that consider themselves devs. No wonder why this space has so many crapcoins.
>so any profit is literally a decade out
more likely 2-3 years
I just sold 200 LINK to my mom to play WoW this month instead of working.
And you know what? At least when I sell I keep it in the family, fucking sergey can't even convince his family/friends to buy and has to send to binance.
I bought this shit before the coinbase pump now I'm going to start losing money
Easy user. We'll spend 3 afternoons. Maybe add in an evening to tie it all together.
Town crier is not open. Try harder.
Great let me know which of you graduated MIT to understand and decode the mathematics of the Oracle network. This a start
google.com
You are stupid. It would have retraced a max of 60% and had a couple more pumps & contractions before settling. Like every other promising project. Hell, it might have even started upward again if the team did a several million OTC because that would be seen as bullish interest, however their execution has been reckless as fuck. This is the kind of slash and burn you see in the pink sheets. There is no excuse for it. Even if the goal ends up being excusable, the trickle is far worse on longs than a single, massive dilution l, which is worse than a massive OTC transaction.
Holy shit I hate this board. All of you kys please
>google.com
They literally admit that they are using kyber network's model here. Nothing proprietary at all
>google.com
Wow, I was being facetious when I alluded to how you guys suck at math but i can see now your reading comprehension is that of a 6th grader as well.
"The excellent cryptography library kyber (which is a project of the academic EPFL DEDIS group, and to the best of my knowledge has no connection to the Kyber Network"
Let me cap this for you
NO CONNECTION TO THE KYBER NETWORK
and let me end this again by saying, your an idiot.
>Linkies talking about fundamentals
All crypto is clown world.
Don't think, just act.
Chainlink could cure cancer and the price will still dump to $0.
>dude your cope is impressive. corporations don't give a shit about decentralization.
You IDIOT, Corporations care about security. That is the number one concern here and chainlink offers the best solution to end to end security.
Think you moron, just for one second. I am trying to change your life so you can stop being poor.
1. The initial vulnerabilty of blockchains was from a 51% attack. Now the biggest networks in the world, BTC or ETH have more power then Amazon and Google combined. Its almost impossible to attach the blockchain in this way.
2. The next vulnerability is in Code. They can't attack the blockchain anymore so they try and find holes in the Eth contracts. Now there are auditors all over the world making sure contracts are secure. Thousands of man hours and people looking over and tweaking code making it invulnerable. Eventually people will try and stop attacking smartcontracts this way.
3. The next level of vulnerability is guess what. Inputs, Centralized data. Why is it that all of a sudden we are talking about Oracles, the Oracle problem, and seeing so many copycats come out now? Because businesses intending to use Smartcontracts look at Security first. This is something devs don't understand. Business minds look from begining to end security, functionality, affordability. chainlink with Towncrier and Threshold signatures has it all. And business along with public AND private blockchains are gushing at the opertunity to use the Chainlink network.
So if "corporations don't give a shit about decentralization" that is fine. Because Chainlink has partnered with the biggest private chains today already.
Chainlink is the standard. Cope.
That's pretty cool how you keep changing usernames. Town Crier is product built to use TEE's via SGX w/intel hardware...
"Intel has warned, and researchers have shown from the outset, that SGX is vulnerable to side-channel attacks. The SGX architecture inherently leaks some information about application execution (such as page faults, which the OS itself can induce). More recent attacks, most notably Foreshadow, have badly broken SGX security---both its integrity and confidentiality."
Town Crier is based on a concept that doesn't have secure hardware to operate on. The more I dig the more bs I find! So please let's keep going before user loses anymore of his sizable investment.
Yes, sorry, your gonna have to trust Intel and maybe businesses will be so scared to use intel tech. lol.
Your an idiot. stay poor user.
The oracles startups are coming in the next month
Just hold it.
I've been in crypto for 6 years. I've lost more than you will ever own to stupid scam bullshit like chainlink. This I've seen how companies act, how they keep it going, and when they are getting desperate. This is the desperation part. The house of cards is about to fall. I feel it is my duty to warn those out there who are reading this that they must demand simple, clear explanations of what is being built, and how it is progressing, because it really doesn't look good right now.
your talking to the wrong person if you think somehow you can out-trade me in any market, crypto, equities, commodities, derivatives, all of it.
>I feel it is my duty to warn
This is the lowest level of fud and you just exposed yourself to be low level life form. Sorry your poor but you can change things for the better.
Take my advice now. Buy some Chainlink, as much as you can. Don't look for 1 year. Youd feel like you never missed the BTC or ETH run.
om
its a scam and you have been scammed
I'm not poor, losing money in crypto is all part of the education process. In fact I have done very well. I'm simply stating that there are many warning signs here. Most who shill for Link have little to no understanding of how it works, the flaws of the only platform it can currently operate on, and what has happened in the past with so many other "sure bets" in this space. Not only is the technical reference provided completely devoid of a revenue generation model, It is also cognizant of the fact that it's main obstacle to "world domination" will be gas fee's. No one from the team explains anything to anyone besides fucking platitudes about "what's coming". Good luck. I sincerely hope it works out regardless of the fact that you are all a bunch of dumb faggots.
Bump
>You IDIOT, Corporations care about security
We are living in the age of data breaches. Corps dont care about it.
Crypto is about making a secure by default base layer. Corps will pay for it because they lose a lot of money on data breaches.
You use a lot of fancy college lady words I reckon you reckon makes you sound smart. They don't.