Why do people assume LINK tokens must be expensive just because the technology is good?
Is it not possible that LINK could cost, say, $5, while being fully adopted and utilized as planned?
Actual arguments or proof are more than welcome.
Warning: "the derivatives market is worth a lot" is not proof that Chainlink tokens should be worth a lot.
Supply and demand exist. The price will go up if the product is good. It’s a simple rule
Cringe token not needed fud
>Asking questions is FUD!
Crazy. Is LINK unironically a scam?
Fuck off newfag, not going to spoonfeed you. Read up on collateral and token price and fuck off
N
E
W
>Warning: "the derivatives market is worth a lot" is not proof that Chainlink tokens should be worth a lot.
Hmmm, how much collateral (in LINK) would be needed for that I wonder?
Fucking newfags should be executed.
that's the best you're going to get in terms of guidance at this point, OP...your elementary questions have been beaten to death so many times, you should legitimately be ashamed by your lack of ambition (and volition, to an extent).
may god have mercy on your soul, OP.
Haven't you been watching Smart Con? Sergey literally said that "the tokens represent more of an ideological commitment to the ideals of smart contracts than they do a financial function. Think of Chainlink tokens as a more of a club membership than an investment".
They're literally not designed to have monetary value. Personally I'm all in.
top kek
lol so it's as simple as "people will need billions of dollars worth of LINK tokens as collateral"? Seems dead obvious LINK is going to $500 billion+ marketcap in that case, why isn't everyone all in LINK right now?
Because "everyone" is fucking retarded and mindless sheep.
Your question should have been: "why aren't all of you all in on Chainlink?" and even then, the answer is "we are, you stupid fuck"
cause its a completely retarded assumption that two parties setting up a derivatives contract would need to go and buy some erc20 shitcoin in huge quantities.
As more tokens are locked up in staking, there are fewer in circulation. Links are needed for contracts. But there is now a shortage of link on the market -> number go up
> what is supply and demand
I've thought this as well but presumably it's going to be streamlined in some way such that they don't actually directly interact with LINK tokens at all
Yes, please don't buy.
Yes, you're right, that IS a completely retarded assumption.
derivatives markets are worth a lot, and chainlink node operators need to stake a large amount of money in order to be able to provide data to derivatives smart contracts.
locked up somehow in someway, don't worry about it duuude. Quadrillons, man, quadrillions, did you see it ? buy now goy!
>Seems dead obvious LINK is going to $500 billion+ marketcap in that case, why isn't everyone all in LINK right now?
Congrats. You got it. Plenty of detail on this topic in the archives.
It’s a new technology, and we are early adopters. Some people are just ahead of the curve. Laggards like yourself have failed to understand the potential of link, so you Better answer your own question
too bad I already did in March. I'm still not completely convinced I'm not profiting off of some bitconnect-tier shit with a cult attached to it
Right now it is a prisoner of Fibonacci numbers and Elliott Waves that are followed by bots that are run by whales. There are no fundamentals until a new player buys in OTC and causes a liquidity squeeze.
>Some people are just ahead of the curve.
You are so smart bro, so intelligent. You are a genius.
Could you actually livestream yourself sucking your own dick? I'll donate a LINK token, maybe even two.
I mean, I’m the one who realised the answer to your retarded question three years ago and consequently am now rich AF while you seethe about it. So yeah i would say OG linkies are smarter than latefags
seething nolinker, fucking beautiful
I'm sure you are user, you are so rich. Imagine how rich you'll be when LINK is $1k. You'll probably be a billionaire, maybe even a trillionaire? If your'e already rich when it's only $16... damn
If only we had more smart people in the world like you. The world really missed out on your great potential.
I bet someone who posts things on Zig Forums like "I'm rich AF" and "seething nolinker" is indeed very rich. You sound extremely intelligent to me for sure. Definitely ahead of the curve.
>If only we had more smart people in the world like you.
Have you failed to notice that biz is now full of smug linkies with 5 figure stacks? There are plenty of early adopters here. Laggards like yourself are seething.
Holy fuck delicious seethe
>why isn't everyone all in LINK right now?
Do you even realize the barriers for "everyone" to invest in link?
0) You need to have money to invest.
1) You need to understand what crypto is.
2) You need to be ok with investing in crypto.
3) You need to understand what altcoins are.
4) You need to be ok with investing in alts.
5) You need to find out about chainlink.
6) You need to understand what chainlink does (>> you are here)
7) You need to believe that the the token is undervalued (probability of success * size of success = not properly priced in).
Apparently you missed a couple steps on my list... but congrats. You'll make it if you don't sell too soon.
> (You) #
>I bet someone who posts things on Zig Forums like "I'm rich AF" and "seething nolinker" is indeed very rich
You had 3 years... Could’ve been one of us
Enjoy your riches, user, you are very rich, and intelligent.
How is even Supply and demand related to Chainlink?
Your posts in this thread have been very pathetic lol
it will when staking is live because you hedge link
Should I larp as a wealthy genius on Zig Forums, would that make me cool?
Guys, I bought LINK at $2. I am SO fucking SMART, dude I can't even believe how much fucking smarter I am than everyone else. Everyone is so stupid, and below me. And to top it all off, I'm rich as hell now, because I bought Chainlink token when it was only $2.
You may now suck my cock.
Yeah what the other guy said. On the front-end most users will likely have no idea they’re interacting with link. They’ll just know they put usd or whatever currency they use in their country into a smart contract portal, purchase a pre-coded smart contract, adjust whatever parameters are required, and be on their way. It really wouldn’t be anymore complicated than downloading and playing whatever retarded steam game is popular right now.
We aren't larping. You just need to accept that you missed out on an incredible opportunity and move on with your life instead of making depressing cope threads like this and replying to every single person that calls you pathetic.
I mean most of us are already up 30x, maybe some really are ahead of the curve?
>larp
I didn’t expect that my babby 5 figure link stack would be considered a larp so fucking soon but here we are boys and it’s fucking hilarious, seething nolinkers give me life.
And what makes it begger? They still won’t buy in... not until I dump on them at $100. Kek
Ooof, I’m Satan now?
i would also throw in one, perhaps two link to see this.
>$2
Try $0.20
That was more than he deserved.
Chainlink is nothing but vapourware that's been pumped up and memed to create a huge hype bubble. The company has ZERO revenue and ZERO paying customers. There are one BILLION tokens and they're not even needed for anything. It is the definition of a speculative bubble and ponzi scheme. Linkies are going to lose all their money and I can't wait to see the suicide threads when that happens.
I’ll send you 50 link to post sharpie in pooper with time stamp.
>12 posts by ID
Spoonfeeding uppity latefags should be punishable by death