Is anyone else starting to become a bit excited?

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.

Anyone hear of TrustSwap?

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.

SteelyDanJalapeno wrote: »

Anyone hear of TrustSwap?

Hmmm +20% since this post

jimmii wrote: »

Incredible how many people seem to have fallen for this.

Bullish

the twitter scams managed to get 12.8 bitcoin.

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

Gooey Looey wrote: »

Idiots

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

Donegal1234 wrote: »

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

But they had blue ticks.

BLUE. TICKS.

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.

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 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.

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 wrote: »

+130% this morning

190% now, these DeFi coins are explosive