Realistically, how is LINK currently sitting at a six billion valuation? Is anyone using the software for business yet?

>Btw where the fuck is my chicken masala I ordered 30 minutes ago you useless shitskins?

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$2.9B based on circulating supply
Don’t fuck with a 216 IQ

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Is this your first day at Calcutta Fudding squad?

>There are no institutions that invest in link
Why? This is one thing I don't understand about crypto in general. If the tech is so amazing why have none of the big players invested in what you'd think would be promising startups? Apple and Google can't afford it? It's been years and years and we're all waiting for this bug moment with crypto yet it's just speculation while big tech sits on the sidelines just dipping their toes now and again. This whole thing feels like a farce

"KIKE NIGGER JEWS AGAIN!" Sergey roared stomping into his office decorated to look suspiciously like the Cayman Islands.
"What's the problem this time?" inquired Adelyn looking up from her wet dictionary with a jaded glance.
Rory and Thomas stood over in the corner by the coffee machine. Rory shrugged his shoulders, Thomas rolled his eyes and mouthed "not again" to Rory. Rory, not wanting to get involved in yet another morning 'incident', thought of his wife's son and all they had built together.
"Well..." Sergey began before staring into space for a solid 42 seconds. The others had grown accustomed to this inevitable delay and waited patiently.
"The media, in all their wisdom, cannot see the value of smart contracts; but flippantly share BLM bullcrap". “It’s like a torrent of shit published minute by minute hour by hour!” Rory and Thomas kept their poker faces while Adelyn blew a big bubble of blue HubbaBubba, seemingly immune to the rhetoric, possibly because she was an Asian woman on loan from the Chinese state department.
"And, what's worst," Sergey continued jumping up and down, his fat violently oozing, his chubby arms flailing wide around, "that Microsoft dude is coming today and I'm just not in the mood to talk about "how much I care about BLM"” Sergey fingered the air overemphasizing the quotes and the problem.
"Aww just focus on your oracles sweetie" said Adelyn cooing, "that's what he's come for. Try and stay focused!"
"yeah focused and 1keoy" thought Sergey. Out loud he said with a wink "You're right my little spelling bee, everyone come over here for a group huddle"
Rory and Thomas looked over at each other and sighed in unison and Adelyn complied with a ‘white people walking past you grimace’ expression on her face.
Each put their hands into the center, "One Two Three, We Just Win" they shouted together smiling the Smart Contract mandated smile.

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... Markets are irrational but remember that the cost of accessing the $LINK ecosystem is low for businesses. It doesn't take much to take advantage of oracles. There's just a ton of tokens to do it. $50-100 for a business is nothing. Literal fart in the wind.

Will the price go down in the future? Probably. Below $3? Maybe.

If development continues then utility will increase. Cost is a function of supply and the Zig Forumsnessmen that bought the LINK ICO understand that enough to know that dumping out cucks the entire market.

We are all here for retirement bro. Let's revisit this convo in 10 years.

yes.

No quant would ever value something by circulation - that's retarded. Chainlink is sitting at a 6 billion valuation.

Quality thread

Most companies are extremely risk adverse and don’t want to waste money on unprofitable ventures. I guarantee once crypto proves itself beyond a shadow of a doubt those big players will swarm in.

Bitcoin was originally designed to be a currency. Without getting into the technical aspects or the hypothetical decentralization blockchain is incredibly cool tech. Cool tech always wins in the end. The investments exploded.

But interestingly it was never used as a cryptocurrency. Instead it became a store of wealth, or more accurately a speculative investment. Because there is a lot of distrust for the banks and the financial system it will always hold a place as this alternate store of wealth, just like gold.

We're now at the point where, because Bitcoin has no owner or master, there is very little future work being done on it, and it's all community driven. It's basically a finished project. ETH set out to be the coin that is continuously driven by technological upgrades (i.e. ETH2.0)

Now we stand with a large number of altcoins (all hugely speculative investments) that all prey on the idea of being the coin of the future. Ironically however, people don't seem to understand that all the investment money is again, household investments. Large corporations/banks can design their own coins bespoke, so tying their corporate money (especially a publicly traded company) into a highly volatile crypto is simply not prudent. And ultimately, they have no reason to buy the coins anyways.

I think in the future people will become more jaded to these utility coins and invest in coins that are simply designed to be investments, which is what they've always been without exception. All that being said I don't necessarily hate the idea of investing in link because you could consider it investing based on the hype and dreams of others.

Well your later point raises a second concern of mine, wouldn't big tech just design their own coins? Why even bother with highly volatile tokens random neets could buy that dump 20% in one day? It seems utterly delusional what we're hoping on happening here the more you think about it. Look at the top 50 coins, I don't even recognize half of them. What are they doing? Have they achieved even half of their goals? What will happen when their funding runs out? Is anyone using them or ever will?

This is why you read white papers, specifically for link.
And also you both need to learn what decentralization truly entails
If anything, Link is designed as an investment. Sergey comes from a VC background

The conference yesterday revealed to the world the fat Russian that runs this scam. Price has already tanked 10%. Once it breaks through the $5 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $2.5 mark, unabated FEAR will ripe through all LINKies. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing binance. The $0.50 mark will be met, the largest panic in history will ensue. The final stinky Nodes will begin to go offline, and wagecuckers with their engineering salaries loaded up in LINK will be left with it stuck in their wallet, unable to move it to binance to salvage some self respect. The price WILL tank at this point to sub $0.5, and most probably sub ICO levels. From that day forward the stinky Linkie wagecucking engineering nerds who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Stinky Linkies will hold bags FOREVER, with no job, no money, and no crypto. I warned you LINKies. There’s still time to get out. Sell NOW. Don’t be stinky, don’t be a LINKie

All great questions and the questions that are never asked here because this board is the place to fantasize and circle jerk. Human nature.

>volatile tokens random neets could buy that dump 20% in one day?
Exactly, even if no dumps occur, the potential risk makes it absurd.

Let's say Google wanted to work with Link (I'm bashing Link I know) in some sort of meaningful way. They wouldn't buy Link coins themselves and tie their investment to a cryptocurrency. Huge corporations want more control, not less. They would simply invest with the founders themselves.

archetypal midwit

>His palms are sweaty
>Hands weak
>Bags are heavy
>It hit 6$ already
>Sergays spaghetti
>He’s nervos
>But on the surface
>his plaid shirt is ready
>To fomo back in
>But he keeps on forghetti
>The swing link crowd so loud
>He opens his bid
>But the buys won’t come now
>He’s chokin wow
>The clocks run out, times up, over, blaow
>Snap bags at 6.50 and oh
>we below 6 again and oh
>there goes user he choked
> He's so mad, but he won't give up that easy
>No
>He won't have it, he knows his whole back's to these ropes
>It don't matter, he copes, he knows that, but he's broke
> he's so stagnant, he knows
>When he gets back from his wage cage
>that's when it's
>Back to the chan again yo,
>this whole tragedy
>Better go capture this moment and hope it don't pass him, and-
>lose your links in the moment, you own it
>you better never let em go

Market cap doesn't matter when the asset is mostly hoarded instead of traded. Just look at gold. 7 trillion dollars for a metal that doesn't produce anything and is never permanently consumed. But people hoard it so the supply available to buy is always low which keeps up the price.

You figured it out bro. Link is a scam. Wow!

You seem pretty new. Just lurk a bit, read the archives, maybe try using a little common sense now and then. Then it will be obvious.

saved
just go all in link, retards

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You are spot on about bitcoin, and no other coin will touch it as a SoV.
Most other shitcoins invent "use cases" like dotcom boomers invented online shops. But I think chainlink is different (sure, there are a few competitors in the same space). Chainlink builds from the idea that some systems actually need a token that maps to money to work. Defi oracles is (probably) such a system. There is an actual use case for a token there, rather than most shitcoins that when all is said and done is mostly a coin that hopes to have value for no apparent reason and then leverage that value by baking in the latest fad financial vehicle into the source. Here the value is that people put in money for the tokens just so that they will be able to use the tokens as representatives for money so that, in turn, they will be able to use the tokens to put a financial stake as collateral when providing critical data to smart contracts.
I think betting on the big financial institutions being able to pull something like that off is like betting on AOL over the ground-up Internet.