Is anyone else starting to become a bit excited?

Danger Fourpence · 06-02-2021 10:57AM

deathbomber wrote: »

To the other folk, whilst the guy(s) above are passionate about Link, be very careful, people shill all kinds of projects. I myself think Dot is the next Eth but don't take it as advice, do your own research, also consider market caps, circulating supply and Max supply etc etc. Also take some profits when you can. For sure, Btc and Eth will remain on their pedestals for a long time. Best of luck.

Do your own research is the best advice on here.

I've been watching the $GME bull run on reddit the last few weeks and some of the stories on there are sobering.

dirk_dangler · 06-02-2021 11:00AM

grindle wrote: »

If Sergey believes forever in his token it makes him [more] absurdly wealthy over a number of years and he can sell slowly over a decade or two, but his 25% holding when coupled with the idea of him leaving the project... if he wants - whenever he wants - he could sell that down to €0.01c and announce retirement and what are LINK buyers banking on if that happened?
Satoshi alone has enough BTC to cause a market collapse for a month at least, if Link got to that stage where it supersedes BTC it's 5 times worse.

Maybe Link has a strong enough dev team to get them through that? BTC would survive more hard forks as it has, Eth would too as it has because there's so much invested in it's ecosystem. Can somebody usurp Chainlink? I like the idea of Link winning here, but don't know why anybody would imagine it sponges up the top ten market value. It's aiming to be an oracle, not a global computer for automation of background tasks, not a global "store of value".
It validates data between blockchains & outside sources so I can see how getting the benefit of every chain benefits it, but soaking up the top ten? BTC and ETH are over 75% of the whole value and most business interaction is over ETH. Link will probably rise over time but the dominant networks where Link is just a cog will probably rise more.

One year ago on 6th Feb there was 350million LINK in circulation, today it is 450million, one year ago link was €2.59 to day it is €21.38.
How many in the top 10 have hit their ATH recently?
How many of the top 10 have increased the number of tokens by circa 30% and still go up in price to a ATH?
Practically weekly the LINK team move millions of LINK to Binance, we know Binance will facilitate large purchases of crypto off the books so to speak, it say so on the website.
The LINK supply on Binance is dropping despite the LINK team sending millions there every month, it is clearly been used are a way to transfer large amounts of LINK to institutions in a way that get obfuscated.
You check out the LINK holder addresses and you will see only accumulation in the top 5000 addresses, token are going in and not moving out, they are in it for the long haul.
Some users fail to realise that once LINK is up and running 90%+ will be locked in nodes, those left on the market trading will rise greatly in value.
So when LINK inevitably hits €50 in the coming months dont say you where not aware of it and it came out of the blue, LINK is only going one way long term and that up, up and away

Dohnjoe · 06-02-2021 11:11AM

dirk_dangler wrote: »

One year ago on 6th Feb there was 350million LINK in circulation, today it is 450million, one year ago link was €2.59 to day it is €21.38.
How many in the top 10 have hit their ATH recently?
How many of the top 10 have increased the number of tokens by circa 30% and still go up in price to a ATH?
Practically weekly the LINK team move millions of LINK to Binance, we know Binance will facilitate large purchases of crypto off the books so to speak, it say so on the website.
The LINK supply on Binance is dropping despite the LINK team sending millions there every month, it is clearly been used are a way to transfer large amounts of LINK to institutions in a way that get obfuscated.
You check out the LINK holder addresses and you will see only accumulation in the top 5000 addresses, token are going in and not moving out, they are in it for the long haul.
Some users fail to realise that once LINK is up and running 90%+ will be locked in nodes, those left on the market trading will rise greatly in value.
So when LINK inevitably hits €50 in the coming months dont say you where not aware of it and it came out of the blue, LINK is only going one way long term and that up, up and away

I'm a Link holder for awhile now, it's been a good performer so far (on par with Eth since March), but no one really knows where it's going. We saw a lot of these types of posts in 2017 just before the crash.

dirk_dangler · 06-02-2021 11:15AM

deathbomber wrote: »

Also take some profits when you can. For sure, Btc and Eth will remain on their pedestals for a long time. Best of luck.

Your not going to make it with that outlook.
You know about the poor bastard that traded 10,000 BTC for a Pizza!
He was just taking some profit, i bet he was loving that pizza at the time, now not so much.
Taking profit of a few hundred here a thousand there and then you go spend it on some crap you dont really need but just want, that the road to deep dark depression in a few years when the coin you sold goes vertical. and could have changed your life.
You see so many stories of people who sold crypto to buy a iPhone, if they only waited a couple of years they could have bought the iPhone and a BMW to go along with it.
If you "invested" in crypto you are clearly a gambler, so why not let it ride to a possible life changing amount of money instead of cashing out a poxy few bob here and there, i really dont understand, this is a once in a life time opportunity to make serious money and all you have to do is curb your desire for instant gratification with purchases that you are being brainwashed into making by advertising.
Just HODL, forget about your initial investment , consider it gone and with a bit of luck it will grow into a fortune in a few years, enough to make a difference in your life.

olestoepoke · 06-02-2021 12:06PM

Danger Fourpence wrote: »

Can't speak for Binance but during times of high usage Coinbase becomes basically inoperable. During the recent Ethereum blowup I had periods where I couldn't retrieve a balance. If there's a lot of people attempting to sell at once then this can be a problem.

Coinbase is also missing a lot of coins that Binance has which is annoying, thats why I switched.

Dante7 · 06-02-2021 12:26PM

deathbomber wrote: »

To the other folk, whilst the guy(s) above are passionate about Link, be very careful, people shill all kinds of projects. I myself think Dot is the next Eth but don't take it as advice, do your own research, also consider market caps, circulating supply and Max supply etc etc. Also take some profits when you can. For sure, Btc and Eth will remain on their pedestals for a long time. Best of luck.

Shilling Link! FFS. I think you overestimate the ability of boardsies to affect the price of top cryptos. Everyone on this thread could put their life's savings into it and it would only nudge it up a couple of cent.

I went to the trouble of posting a refutation of the comparison with Ripple, and provided references to back up that information, because I do not like people posting misleading information, and facts matter. I am more than happy to have a debate with anyone about why they think that $LINK isn't the best bet. There are legitimate conversations to be had around how the valuation of the token will translate into hard currency, as it will be a different valuation process than $BTC, or is the potential of oracle's completely overstated. But so far all I've heard here is "it stinks of XRP" and "just like 2017 again". I have already refuted the XRP comparison, and as for the 2017 comparison, if you believe that this is just a cycle, and that there are no differences between 2017 and now, you need your head examining. Crypto is volatile, and there will be dips and retraces, but we now have clear roadmaps for use case scenarios that didn't exist in 2017, and the blindingly obvious huge institutional money pouring in that has already acted as strong support following retraces (look at how $BTC has easily and quickly recovered from 25% retrace). I suspect that a lot of posters on this thread post the way they do due to some sort of Irish begrudgery.

Mellor · 06-02-2021 12:26PM

dirk_dangler wrote: »

Your not going to make it with that outlook.
You know about the poor bastard that traded 10,000 BTC for a Pizza!
He was just taking some profit, i bet he was loving that pizza at the time, now not so much.

That’s not what happened.
He used BTC to make a purchase. That’s all. He bought $40 of pizza with $40 of BTC. He had mined it, so was basically free pizza at the time.

Crypto was a very different market in 2010. It wasn’t a sound investment market. The market cap was $10k. Presenting this as cashing out profit early is just silly.
The early miners were not financial wizards. Just technophiles who found gold.

cnocbui · 06-02-2021 12:59PM

One shouldn't be sloppy with money. Running around referring to Chainlink as Link is sloppy, particularly when there is another coin that is called Link.

BrandonBay86 · 06-02-2021 01:14PM

antgal23 wrote: »

I'm getting excited hahaha

The bottom will be the 25 K zone

Still $15k off that point, still waiting ?

Lex Luthor · 06-02-2021 02:58PM

this small alt dip is temporary
Generally happens when BTC goes on a small run

The alts still have a bit to go in this alt season so dont fret

deathbomber · 06-02-2021 03:15PM

dirk_dangler wrote: »

Your not going to make it with that outlook.
You know about the poor bastard that traded 10,000 BTC for a Pizza!
He was just taking some profit, i bet he was loving that pizza at the time, now not so much.
Taking profit of a few hundred here a thousand there and then you go spend it on some crap you dont really need but just want, that the road to deep dark depression in a few years when the coin you sold goes vertical. and could have changed your life.
You see so many stories of people who sold crypto to buy a iPhone, if they only waited a couple of years they could have bought the iPhone and a BMW to go along with it.
If you "invested" in crypto you are clearly a gambler, so why not let it ride to a possible life changing amount of money instead of cashing out a poxy few bob here and there, i really dont understand, this is a once in a life time opportunity to make serious money and all you have to do is curb your desire for instant gratification with purchases that you are being brainwashed into making by advertising.
Just HODL, forget about your initial investment , consider it gone and with a bit of luck it will grow into a fortune in a few years, enough to make a difference in your life.

Rubbish! I already "made it" and retired (i assume this is what you refer to when using "make it" )earlier last year, in the sector since 2014. What you state about link could be said for many projects. Feel free to recommend a project but don't shill it and mislead new investors. Fortunately many here have been around for at least 5 years and know what to expect. This time could well be different due to Covid and institutional money involved but always be prepared, however nobody knows the story, anything could happen tomorrow and the market could crash etc etc
You should take profits, your initial investment first then sit on the fiat and reinvest in significant dips or cash out! Your portfolio should have at least 50% btc and eth, mine was 80% of the two. Don't put your eggs in 1 basket outside these projects. Of course, btc and eth returns now are not as good unless they really rocket to Mars but that's a decision you have to make !!

deathbomber · 06-02-2021 03:22PM

Lex Luthor wrote: »

this small alt dip is temporary
Generally happens when BTC goes on a small run

The alts still have a bit to go in this alt season so dont fret

Interesting how Eth futures will impact next week, Chinese new year is obviously low key due to Covid, i think they have restricted travel again so curious to see how it pans out - watching from the sidelines:pac:

BrandonBay86 · 06-02-2021 03:22PM

Salary a bit late this week so the DCA was today at $40k. Don’t mind though because $100k is inevitable.

Mellor · 06-02-2021 03:28PM

cnocbui wrote: »

One shouldn't be sloppy with money. Running around referring to Chainlink as Link is sloppy, particularly when there is another coin that is called Link.

What’s the other coin called link?

deathbomber · 06-02-2021 03:35PM

Mellor wrote: »

What’s the other coin called link?

Chainlink = Link

Danger Fourpence · 06-02-2021 03:55PM

olestoepoke wrote: »

Coinbase is also missing a lot of coins that Binance has which is annoying, thats why I switched.

Yeah Im awaiting a hard wallet and also joining another exchange to pick up the coins Coinbase doesn't offer.

cnocbui · 06-02-2021 04:28PM

Mellor wrote: »

What’s the other coin called link?

deathbomber wrote: »

Chainlink = Link

No it isn't.

https://blockchain.line.me/linkrewards/

Chainlink is LINK. Link is LN not to be confused with Link Token, of course.

cnocbui · 06-02-2021 04:47PM

deathbomber wrote: »

Rubbish! I already "made it" and retired (i assume this is what you refer to when using "make it" )earlier last year, in the sector since 2014. What you state about link could be said for many projects. Feel free to recommend a project but don't shill it and mislead new investors. Fortunately many here have been around for at least 5 years and know what to expect. This time could well be different due to Covid and institutional money involved but always be prepared, however nobody knows the story, anything could happen tomorrow and the market could crash etc etc
You should take profits, your initial investment first then sit on the fiat and reinvest in significant dips or cash out! Your portfolio should have at least 50% btc and eth, mine was 80% of the two. Don't put your eggs in 1 basket outside these projects. Of course, btc and eth returns now are not as good unless they really rocket to Mars but that's a decision you have to make !!

I'm not sure you should take profits. I could easily have nightmares at just the thought of having taken back my initial capital in profit. If you don't 'need' the money, because you only invested what you could afford to lose, then taking profit is unnecessary and could severely negatively impact your potential future gains

deathbomber · 06-02-2021 05:08PM

cnocbui wrote: »

I'm not sure you should take profits. I could easily have nightmares at just the thought of having taken back my initial capital in profit. If you don't 'need' the money, because you only invested what you could afford to lose, then taking profit is unnecessary and could severely negatively impact your potential future gains

Profit is profit, have no regrets, it is wise to cover your initial investment.

FFVII · 06-02-2021 05:30PM

That chainlink ownership is rotten.

cnocbui · 06-02-2021 05:42PM

deathbomber wrote: »

Profit is profit, have no regrets, it is wise to cover your initial investment.

I understand that viewpoint and respect those who hold it, but I have chosen a different path for myself, also with no regrets, but vastly more potential profit.

I thik I'll paraphrase Buffet and state it as: "Be greedy, while others are taking profit."

LawBoy2018 · 06-02-2021 05:50PM

cnocbui wrote: »

I understand that viewpoint and respect those who hold it, but I have chosen a different path for myself, also with no regrets, but vastly more potential profit.

I thik I'll paraphrase Buffet and state it as: "Be greedy, while others are taking profit."

I don't think you understand WB's original quote lol. Not setting realistic profit targets is a recipe for disaster imo.

Irish_rat · 06-02-2021 06:00PM

It's hard to dca anything right now as I fear a dip is incoming

FFVII · 06-02-2021 06:07PM

Irish_rat wrote: »

It's hard to dca anything right now as I fear a dip is incoming

Its always coming

cnocbui · 06-02-2021 06:14PM

LawBoy2018 wrote: »

I don't think you understand WB's original quote lol. Not setting realistic profit targets is a recipe for disaster imo.

I don't think you understood mine.

If you are only investing what you can afford to lose, a disaster is not possible.

If you are investing more than you can afford to lose, well then you might want to think differently and hope you even get a profit taking opportunity.

cnocbui · 06-02-2021 06:20PM

Bitcoin up 6.6% today and Chainlink down 3.54%. Make of that, what you will.

The natural order of the cyptoverse is being preserved, being what I make of it.

BrandonBay86 · 06-02-2021 06:38PM

cnocbui wrote: »

Bitcoin up 6.6% today and Chainlink down 3.54%. Make of that, what you will.

The natural order of the cyptoverse is being preserved, being what I make of it.

Since 14th August, Chainlink is down 72% against Bitcoin.

Put that in your pipe.

Jin luk · 06-02-2021 09:06PM

Dante7 wrote: »

Your Suterusu is up 116% today to $0.0065. Nice one. I picked up a bit at $0.003

Where does 1 go to to buy some suterusu up?

BrandonBay86 · 06-02-2021 09:32PM

Jin luk wrote: »

Where does 1 go to to buy some suterusu up?

Down over 60% since it was mentioned last, thread carefully.

Jin luk · 06-02-2021 09:46PM

BrandonBay86 wrote: »

Down over 60% since it was mentioned last, thread carefully.

Oh F€#k, what app is best for the smaller alts?

Is anyone else starting to become a bit excited?

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