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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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Stormington

Both my sons invested in Link a few months ago and have seen 140% growth in that period. its on a roll but cautious, people are now getting a bit carried away with it and its at times like this you could see a bit of a sell off

Nice one. Always good to see people making money.

Not carried away yet.

https://twitter.com/lawmaster/status/1283379914612314115

As of this post Link remains under 1% of Total market cap. Plenty of room.

SkySter

Addison Fancy Macrame wrote: »

Link has just overtaken BSV.

The lack of volatility in Bitcoin is terrifying.

9220 every time I look

I agree. I can't help but feel maybe I'm over emphasising building BTC with my recent Alt season trades in the hope a BTC pump is coming. It seems like a big break up or down is well overdue.

Perhaps its better to cash out Alt season profits to FIAT and sit tight until there is confirmation which way its going.

Whats everyone else doing?

SteelyDanJalapeno

Anyone hear of TrustSwap?

Lex Luthor

SkySter wrote: »

I agree. I can't help but feel maybe I'm over emphasising building BTC with my recent Alt season trades in the hope a BTC pump is coming. It seems like a big break up or down is well overdue.

Perhaps its better to cash out Alt season profits to FIAT and sit tight until there is confirmation which way its going.

Whats everyone else doing?

Alt season still had a bit to go it seems

BTC dominance is dropping still

This Ripple/VeChain potential partnership could possibly get xrp going

q85dw7osi4lebg

All publicity is good publicity etc

https://www.thejournal.ie/twitter-bitcoin-hack-obama-west-gates-bezos-5151488-Jul2020/

maninasia

SkySter wrote: »

I agree. I can't help but feel maybe I'm over emphasising building BTC with my recent Alt season trades in the hope a BTC pump is coming. It seems like a big break up or down is well overdue.

Perhaps its better to cash out Alt season profits to FIAT and sit tight until there is confirmation which way its going.

Whats everyone else doing?

Personally I'm not moving anything to BTC or Fiat, just other alts or ETH. Some alts are being used and growing fast now (defi), different from previous runs.

https://defipulse.com/

makeorbrake

maninasia wrote: »

Personally I'm not moving anything to BTC or Fiat, just other alts or ETH. Some alts are being used and growing fast now (defi), different from previous runs

There's no doubt that there will be something lasting to come out of DeFi. However, its too delicate for me. The compound pump was an interesting liquidity bootstrap but its not sustainable.

I see tangible innovation coming out of DeFi but im going to watch from the sidelines. There will be successes thst come out of it but i see that being detached and separate to bitcoin.

el diablo

Addison Fancy Macrame wrote: »

Breakout before the 23rd, don't care either which way, just want some movement.

Bitcoin is so massively manipulated and is increasingly under more and more institutional control (Grayscale, BAKKT etc) that it may be quite some time before it goes above (and sustains) $10k. Grayscale are apparently purchasing all the newly mined BTC so you've got to wonder why the price is remaining so static.

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

Anyone hear of TrustSwap?

Hmmm +20% since this post

jimmii

Addison Fancy Macrame wrote: »

All publicity is good publicity etc

https://www.thejournal.ie/twitter-bitcoin-hack-obama-west-gates-bezos-5151488-Jul2020/

Incredible how many people seem to have fallen for this.

Stormington

jimmii wrote: »

Incredible how many people seem to have fallen for this.

Bullish

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

Hmmm +20% since this post

+30% now, supposedly a big exchange announcement coming today

Donegal1234

the twitter scams managed to get 12.8 bitcoin.

https://www.blockchain.com/btc/address/bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Gooey Looey

Donegal1234 wrote: »

the twitter scams managed to get 12.8 bitcoin.

https://www.blockchain.com/btc/address/bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Idiots

Donegal1234

Gooey Looey wrote: »

Idiots

Yea imagine sending your bitcoin to some stranger and thinking its a good idea.

Lex Luthor

el diablo wrote: »

Bitcoin is so massively manipulated and is increasingly under more and more institutional control (Grayscale, BAKKT etc) that it may be quite some time before it goes above (and sustains) $10k. Grayscale are apparently purchasing all the newly mined BTC so you've got to wonder why the price is remaining so static.

ya I tend to agree here, anything they can do to keep price at this level or push it lower is a win win for them

There's also the other side of it where the BTC maxis wouldnt mind getting BTC to dump which could put an end to this alt season

BTC has been really quiet the last few weeks and feel like a big candle is imminent

Stormington

Donegal1234 wrote: »

Yea imagine sending your bitcoin to some stranger and thinking its a good idea.

But they had blue ticks.

BLUE. TICKS.

Bob24

Having said that, given how many prominent accounts were hacked and how many people saw the tweets, doesn't 12.8 bitcoins seem like a pretty low number?

Stormington

Bob24 wrote: »

Having said that, given how many prominent accounts were hacked and how many people saw the tweets, doesn't 12.8 bitcoins seem like a pretty low number?

Enough high-profile. Not necessarily hacked - it could be an unhappy ex-employee. Definitely amateur hour though. They could have shorted Tesla, tweeted that they're going private and collected massively.

12.8 is 100k-ish now. It will be worth more in a few months when it moves.

Bob24

Stormington wrote: »

Enough high-profile. Not necessarily hacked - it could be an unhappy ex-employee. Definitely amateur hour though. They could have shorted Tesla, tweeted that they're going private and collected massively.

12.8 is 100k-ish now. It will be worth more in a few months when it moves.

It does look like a hack - the initial reports from Twitter seem to indicate that social engineering was used to convince some of their staff to change the email addresses associated to the accounts (and then get access to the accounts): https://www.theverge.com/2020/7/15/21326656/twitter-hack-explanation-bitcoin-accounts-employee-tools

stockshares

I received an email from Zeus capital warning that Chainlink is a scam. I dont think I ever signed up to newsletters from them but they may be partners of another Newsletter I signed up to. Regardless, there might be something to what they say about Chainlink so I thought I'd post it here seeing as some posters have invested in Link.

The email reads:
Dear Valued Investor,

Zeus Capital, the asset management firm and activist investor, has published an extensive report on LINK, Chainlink’s proprietary token, making a clear case why investors should exit long positions in this cryptocurrency, as the inflated price is enormously out of sync with the company’s dressed-up appearance and shaky fundamentals.

The report unveils severe discrepancies between the token’s intrinsic value of USD 0.07 and its current market price of USD 8.50, revealing downside risk in excess of 99%.

After having performed an in-depth research of Chainlink, Zeus Capital has built a very strong conviction that the company, its product, and the LINK token are a near-complete fraud.

Here are the key takeaways of the short sale thesis:

There is abundant evidence of market manipulation with traits of classic “pump and dump” techniques, such as trading on inside information, front-running the general public, unsubstantiated claims of progress, artificial transactions to imitate adoption, bogus partnerships announcements, and any other trick in the book to drive up the price prior to dumping LINK onto innocent investors.

The two founders behind Chainlink, are constantly selling LINK from their vast reserves into the market, as well as at a substantial discount from the current price to selected institutions over-the-counter (OTC), thus incentivizing purchasers to lock in profits by quickly selling it further, creating an inevitable downward spiral.

LINK’s characteristics, such as the lack of a functional decentralized ecosystem, combined with recent decisions by the Securities and Exchange Commission (SEC), leave no doubt that LINK will be classified as a security token, thereby putting the whole enterprise and the investors at substantial risk of anything from dealing in unregistered securities to court orders for the disgorgement of proceeds.

LINK’s tokenomics model is broken with an inherent conflict of interest between holders, clients, and the founding team with regards to the pricing of LINK - we have no doubt that a clash and a crash are imminent.
The people behind the project are a handful, mostly remote, part-time consultants, focused on marketing and community building with very little professional and/or leadership experience. It begs the question of how an overdressed oracle-development project could justify a market cap in excess of $2.75 billion while purporting made-up progress with almost no IT software developers on its staff and fronting business operations out of a co-working space.

Chainlink’s service offering is prohibitively expensive and it makes no economic sense for companies to adopt its oracle solutions. MakerDAO, UniSwap, Compound, etc. are internally-developing alternatives, which will eventually render the promise of LINK obsolete.

The few software developers associated with the project are making frequent but cosmetic changes to the code in a never-ending product beta, while executives who previously took the bait are either fleeing the project or trying to avoid association with it.

Three independent valuation methods suggest that the token is massively overpriced, as its intrinsic value is estimated to be in the 0.05 to 0.20 USD range at best.

Access the Full Investigative Report on Why Chainlink is the Crypto’s Wirecard.

Warning.
In the email I received I did not click on the Link below which was in my email. In my email the Link title read Chainlink Fraud Exposed but the URL pasted below appears differently.
https://mandrillapp.com/track/click/30337332/chainlink.docsend.com?p=eyJzIjoiZUsyTFFDQVVGMUl3Y1kyLWZTa2RFVE96aTJzIiwidiI6MSwicCI6IntcInVcIjozMDMzNzMzMixcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL2NoYWlubGluay5kb2NzZW5kLmNvbVxcXC92aWV3XFxcL25mcnZueXV1enJmMmQ1dmFcIixcImlkXCI6XCIxODEzNGNmY2E5Y2Y0OGVmOGIwOThjMzU2ZTNlZTE1YlwiLFwidXJsX2lkc1wiOltcImU5MDg4Y2M0NTllZjJmM2FiZmIwZDJlMDJiY2Y3Y2MyYzg3ZDk2ODZcIl19In0

Stormington

I saw that too. I would give it more credence if it did not contain spelling errors, the company being created relatively recently and trying to rip off an existing finance business, and then lie about dates for things (missed deadlines for things that have already occurred).

I received an email from Zeus capital warning that Chainlink is a scam

Did you get an email or was that copypasta? You are not the first person to say that.
I would be interested to see how a mailing list was obtained.

stockshares

Stormington wrote: »

I saw that too. I would give it more credence if it did not contain spelling errors, the company being created relatively recently and trying to rip off an existing finance business, and then lie about dates for things (missed deadlines for things that have already occurred).

Did you get an email or was that copypasta? You are not the first person to say that.
I would be interested to see how a mailing list was obtained.

I received an email and copied and pasted the wording into my previous post.

I would like to know how they got my email address also because I only use it to communicate with one Company.

aido79

Stormington wrote: »

I saw that too. I would give it more credence if it did not contain spelling errors, the company being created relatively recently and trying to rip off an existing finance business, and then lie about dates for things (missed deadlines for things that have already occurred).

Did you get an email or was that copypasta? You are not the first person to say that.
I would be interested to see how a mailing list was obtained.

Seems to be old news. This article is from September last year.

https://www.google.com/amp/s/venturebeat.com/2019/09/10/chainlink-cryptocurrency-trading-shows-signs-of-pump-and-dump-scam/amp/

Stormington

Bob24 wrote: »

It does look like a hack - the initial reports from Twitter seem to indicate that social engineering was used to convince some of their staff to change the email addresses associated to the accounts (and then get access to the accounts): https://www.theverge.com/2020/7/15/21326656/twitter-hack-explanation-bitcoin-accounts-employee-tools

Does anyone know if this holds up?
https://twitter.com/coinbureau/status/1283779437201444864?s=20

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

Anyone hear of TrustSwap?

+130% this morning

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

+130% this morning

190% now, these DeFi coins are explosive

grindle

Stormington wrote: »

Does anyone know if this holds up?
https://twitter.com/coinbureau/status/1283779437201444864?s=20

It doesn't. It's a fan/shill of Monero sending transactions to the hacker address to advertise what they should be using.

Arrival

SteelyDanJalapeno wrote: »

190% now, these DeFi coins are explosive

How/where are DeFi coins bought?

Stormington

Arrival wrote: »

How/where are DeFi coins bought?

They can be bought or farmed.

Farming is probably more profitable than stacking sats but less secure and much tougher.