Is anyone worried about a chainlink dump when staking is announced?
A lot of people seem to be under the deluded impression they'll be able to quickly stake with coinbase and earn a solid return. This is highly unrealistic and I'm thinking people who bought on the assumption they could stake on coinbase and receive 3%+ a year will be disappointed and sell.
I'll be happy to pick up bags if this happens but what do others think?
I was worried about a chainlink dump when mainnet was announced. I paid dearly for that.
I’m not worried about anything regarding this. Numb after almost 3 years of holding this shit. More manipulated than BTC. Doubt they will ever let it moon properly
can/t wait to dump this steaming pile of shit
i'm more worried about the price of link being completely manipulated
>muh staking
why do linkies act like LINK is going to magically turn to a $100 when this happens? Realistically, when staking is announce, LINK will briefly go up 10% then crash 7% the next day, then a bunch of linkers will spam the board saying shit like
>our god protocol thats used in every financial institution in the world (i swear) just announced the greatest most advance thing ever in the world
>And you faggots arnt buying STILL?
>Why God Whyyyyyyyy, it must be the gubermint surpressing the price!
What the fuck is the deal with this shithole coin? It makes up about 60% of my portfolio. Is staking even going to be a thing? I could be making money on other tokens but my funds are sitting there in Chainlink doing jack shit fluctuating between 4-4.80 indefinitely. What’s the point of holding this again? I’m about to just fucking sell the shit and go all in on a token with staking.
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It'll be interesting for sure. To make money on Coinbase you would need them to run nodes turning in a profit AND be among the people that get to actually stake Link in these nodes. Doesn't really seem like a plan at all.
That said, you have to keep in mind there's 350 million Link set aside as incentive for node operators. That's a shitload of Link. It may mean that the nodes that do get a lot of clients will turn in a great profit for people running them as well as staking in them.
It's no secret where the most profitable nodes will be found. makes me bullish as fuck for Linkpool to be honest.
People said they same thing about mainnet, got announced and led to a massive pump. Same thing will happen with staking, but larger.
Most Linkies don't think this. $100 will happen but it will happen gradually as the smart contract economy grows. It won't happen overnight on staking.
cope faggot
Buy the rumor, sell the news. This is ancient knowledge user.
True except I'm not selling a single LINK below $100. If it does dump i'll be ready to buy.
It will almost double on staking. It will do this because the narrative around crypto demands it.
Then there will be a fuck ton of buzz around "uberization of data" and it will slowly build like ETH did from Q4 2016 to Q1 2017 over ICOs and crowdfunding businesses without being an institutional investor. This will be similar to the idea of crowdfunding a business except that you join a trustless gig economy build in data which is "the new oil".
Then there will be an easy 10-15X from that doubling because of the greater fools pouring in.
Then people in the know cash out at year end (because they've been here long enough to know that you take profits and maybe even pay taxes). Then the people left go through 2018 again.
In 5-10 years, LINK actually ends up doing what it says and the price recovers and starts a second surge if there is monopolization of decentralized protocols.
In conclusion, you're a fucking faggot who doesn't understand how this ponzi scheme works.
>selling LINK at $100
Ngmi
I'm all in on Link and I'm 100% sure it will never reach $100. I'm dumping it all at $7, which is the highest it can go.
Link is not, nor has ever been, an overnight moon mission. If that's something you want, you need to move to other coins. Just be sure to sell before the imminent dump.
Link is the coin you hold and never sell.
Ive been holding for two years. I’ve been holding BTC for three. I’m fine holding it, but don’t you think there should be some incentive to keep fucking holding this shit? I WANT long term holds. But with something like Tezos I get passive income. Link does literally fucking nothing except line Sirgay’s pockets.
Their will be no announcement from Chainlink. Some nodes will start using aggregation contracts and stake collateral, they'll announce it. Maybe they'll be link pool nodes and link pool holders will be able to benefit from it. Maybe not.
Thoughts of LINK dumping keep me up at night. One of these nights I will have to dump my stack onto the market just so I can get a peaceful night of sleep for once in my life.
>DPoS
>CENTRALIZED PoS
I shiggy.
I don't think so. Reputation is a huge deal for nodes providing info for high-value contracts and collateral (staking) is a huge deal for reputation.
Staking, when implemented, will be a big milestone and the Chainlink team will announce it as such.
it iwll. too many retards think it'll just be sticking it on binance and pressing "claim reward" once per month
It's not Proof of Stake shitcoin. staking on Link is not automatic and actually depends on completing jobs. if there are not enough jobs, then you wont earn a penny. The network wont even be able to accomedate every single person at first. if only around 1000 jobs happened a day for example, and those jobs only wanted a node risking say $10,000, then anything more wont earn extra rewards as the contract doesnt want more collateral.
so if everyone is staking, and onyl 1000 jobs happen, wanting colecively around $1,000,000 in collateral, there obviously wont be enough to pay out everyone. thats how LINK staking works.
It'll take some time for network growth. besides that, most neets wont be able to set up their own node due to technical difficulty.
LAstly, staking pools like "coinbase" wont be able to dish out the standard ROI to everyone. If everyone pooled say 50 million Link on there, yet coinbase only completed around 10000 jobs a day, and only needed 5 million Link in collateral for this, that means they have to evenly distribute the rewards to even the unproductive unused LINK, which would turn a potential 5% ROI for the jobs into a blanket 0.5% for everyone.
Basically too many retards still dont get this. One day it will be amazing and extremely easy and profitable, but initially it wont be, and thas why it will dump. it wont rival shitcoin POS claim rewards button staking in both ROI or ease of use initially.
>it will happen gradually as the smart contract economy grows
no it wont. and also
>link ever being apart of the smart contract economy outside vaporware shit like synthetix
Nope
>Basically too many retards still dont get this. One day it will be amazing and extremely easy and profitable
LINK will be outdated shitware by 2023
I literally don't believe that you have been holding for 2 years when you cram this much dumb shit in one post
But that is exactly how coinbase, and other staking platforms will do it. It will not give high returns in the beginning
Staking rates are going to be competitive with similar risk investments. That’s the natural flow of a market, user. Stable coins have low rates because they are competing with banks and savings accounts. Staking is more in the competitive realm of dividend stocks. 3% isn’t actually that bad, but given the higher risk you’ll probably see more like 5-7%. Keep in mind the asset continues to appreciate, so you’re making 3%+ asset appreciation.
yeah fuck off. your so poor and desperate to accumulate fucking zoomer.
But yes, a lot of retards holding LINK are clueless about how it works and will be very disappointment when staking comes initially. Long term It's a very good hold, but staking wont initially cause a moon. it'll likely dump after a hype pump, then slowly go up with network growth again like it is at the moment.
I first bought link in December 2018. So actually closer to a year and a half.
go to chain.link and see how many jobs are already being done by the network.
Yeah. It's good that you understand this, but the average Linkie doesn't at all. and the Hype surrounding staking will cause quite the dump after the average braindead XRP/ETH POS normie realises they can't just press "claim rewards" each month.
I imagine initially in these pool services it will be around 0.5%-1% ROI if they do blanket returns to everyone who pools. One day when the network is mature enough for these services to dynamically make full use of all pooled LINK then they may see returns which are more equal to a standard self operated node running at full capacity with jobs.
It's like making a trade with a friend. You both want a bodyguard to exchange something valuable. He charges $100 for 10 minutes and its good enough for you both.
However, if he comes with tanks, nukes, an army, and an armory for it, and wants to charge you $600,0000,000 for it, you'd say fuck off because it's so superfluous to needs. that is the issue staking pols face initially and it'll take some years for network growth to eliminate that.