Chainlink suppression by binance

I hate to say it, but twitter is right. There is active price suppression on chainlink. Probably done by binance.
I can only see 2 reasons this would be happening: shirts placed on chainlink to buy more in the short term at the expense of all other holders, or they are integrating band to later announce a hack to further manipulate prices.
If you have your link on an exchange, I’d put it in a wallet. It’s the only safe place to have them right now.

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Pic related

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>Hold mong...marines
>just price surpression
Fuck Am I glad I sold the B top. That is capital that will never re-enter the crypto space

This is what you nulinkers were saying yet when it was still >$16 and now it's hovering around $15. When will you realise this needs to go lower before the leg-up past $20.

I've been saying this for days. just look at yesterday's crab between 16 and 16.4

and all the market dumps on binance with 20 secs to 1/4h or daily candles close

Band is trash

Retardo here
What the fuck does withdrawing do to negatively impact Chinance?

All coins you have on an exchange aren't really yours. it's just a number they can sell if they want and eventually give you when you decide to withdraw.

So which wallet should I use to store my linkies?

Use a hardware wallet.
Or if you trust yourself not to lose your keys, use myetherwallet

If you've got heaps, get a hardware wallet
Otherwise metamask is fine

fucking phoneposting

It's kinda like banks. You put your money in, and they do whatever with it. So if binance has 100M link between all addresses they can do as they please with it. Maybe even open up a huge leveraged short and market sell all your coins to profit in USDT, then buy them back for cheaper.

Not saying that you won't be able to withdraw, but the UI displays just a number.

?
Yes band is trash but the point stands that you should move your link off exchanges.

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The exchange can naked short and sell so long as the coins aren't being withdrawn. Unless Binance is veritably audited by a large enough and trustworthy firm.

>third party audits are trustworthy
>just believe and trust
*facepalm*

Another poster said this: there are places like yearn that will literally pay you 50% apr+ for holding your linkies. If your link is on a cex you are just dumb and also helping suppress the price of your asset

If binance pays fee on chainlink oracle, it makes sense that they would profit from a lower price

Question since this seems like one of the few non fag threads lately, sitting on a bit over half a make it stack, and have decent amount of disposable income to continue to invest. Would you just dca now, or try to accumulate fiat and anticipate another covid crash and/or the election fucking things up?

Lmao that's not how it works.

DCA is statistically always the best way. Just never chase a pump as you almost always have a chance to buy into a later dip.

If i really wanted to make a call i'd think we might slump further for a week or two until we see the new whitepaper/oracle news.

I dont think this has anything to do with band, I think the once the big players in china found out link was going to be such an important piece of infrastructure within the chinese BSN, they've been trying to accumulate as much as possible, CZ is probably just helping. This would also explain the massive BTC dumps since most miners are chinese, and they could coordinate dumps to manipulate price.

Are hardware wallets truly safe? I'm scared of strange exploits like the one that caused someone to update his wallet and get robbed of 1600 btc

Nice trips
Makes sense, if covid doesn't fuck things up and Trump wins I almost expect triple digits by eoy (assuming arbitrum plus staking are in play by then), but you never know. I missed out on accumulating more during the March crash, could easily have 10k+ now, but what can you do.

if this isn't bait, those sorts of things are usually people lying to avoid paying taxes.

Yes. They’re super safe. Always start with a test txn and when you see it approved send the rest through.
I have a separate laptop that I only use for my ledger and metamask to be super safe. Cheap laptops work for this

>shirts

??

Shorts*

Yeah we all missed out getting perfectly in on the dips, i had no spare money after buying a whole home office at the start of lockdown. In fact i had to sell some link.

I know some bank analysts who are predicting an October crash but i think we'll see higher link before then and last time it crashed crypto did so on a lag. If you really wanted to play it you could make that bet but i won't. 5k+ link is already good, just DCA some more.

Zeus FUD, $BAND FUD, it’s all needed and part of the plan.

No one can stop Sergey at this point. But everyone will try to stop you from getting rich thanks to Sergey.

If you have a laptop you solely use for crypto then isn't the hardware wallet redundant?

What if I locked my prices in on my Trezor?

Yeah that's the thing, I think the rise in link's price just from the things coming up is going to offset any crash. It kinda worked out the same with March anyways, link only dropped to the prices it was at in December. And I wasn't dca-ing properly back then anyways, if I had been I'd be at 10-20k now, but lesson learned. I'm not too worried either way, I really do believe 1k is fud, but that's kinda why I'd like to grab what I can now, far as I'm concerned every dollar I put in now is a guaranteed 50x in 2-3 years minimum.

Will you not enlighten me ?

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Why doesn’t Sergey shut it down? The tech is patented by Town Crier. Patent infringement lawsuit and they will get cease and desist order in US and EU.