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re: Official CryptoTalk Thread
Posted on 12/14/20 at 4:10 pm to tigermike2004
Posted on 12/14/20 at 4:10 pm to tigermike2004
You’re in the storm
The rest of us aren’t down 25% in the last two weeks
The rest of us aren’t down 25% in the last two weeks
1
Posted on 12/14/20 at 5:15 pm to RATeamWannabe
I'm not 25% down??? I'm only down about with the Bitcoin convert to XLM! I still own XRP,XLM, Chainlink, Tezos, Algo ! I still at 6 figures
Posted on 12/14/20 at 6:50 pm to RATeamWannabe
quote:
Honestly I’d leave it be for now. If XRP breaks $1, sell that shite and buy Link.
Cool. Thanks for the advice. I've kinda paid a little bit of attention to Link and I remember it at almost $20 at some point. I don't know why I even bought the XRP to begin with, someone on here must have suggested it.
Either way, it's really just free money that I have sitting there so if something really crazy jumps off, I can say I had a piece of it.
Posted on 12/14/20 at 7:31 pm to tigermike2004
quote:
still at 6 figures
You
Must have put in another 8k then. Your portfolio you bragged about is at 93k
Posted on 12/14/20 at 7:31 pm to RATeamWannabe
quote:
buy Link.
Why are you bullish on Link?
Posted on 12/14/20 at 7:33 pm to James11111
quote:
bullish on Link?
Because crypto , DeFi, and smart contracts doesn’t work without it.
Posted on 12/14/20 at 7:58 pm to CE Tiger
quote:
Because crypto , DeFi, and smart contracts doesn’t work without it.
I get that you are all in on Link but this is just dishonest. Crypto has worked for >10years without needing Link. Ethereum blockchain smart contracts work without needing Link. DeFi would still exist without Link. Dishonest maximalism to pump bags is a bad look.
Posted on 12/14/20 at 8:42 pm to tigermed
Ok crypto as payments can work. Btc and peer to
Peer payments then ok. A simple smart co tract on Ethereum doesn’t need Chainlink. If you want to make a bunch of useless tokens and run an ico yup not needed. If you need data from outside to be brought into the blockchain you need an oracle , Chainlink is the standard and the reason blockchain and DeFi have become what they are and what they will be able to become.
I mean this is just from March. Link has basically had an integration a day since then. The have secured millions of dollars in DeFi. They are writing white papers with WEF and defining the crypto space.
Chainlink Ecosystem
Compound doesn’t get hacked if they use Link. Aave and Celsius have discussed in details why they use Link price oracles and how needed it is for them to operate
Peer payments then ok. A simple smart co tract on Ethereum doesn’t need Chainlink. If you want to make a bunch of useless tokens and run an ico yup not needed. If you need data from outside to be brought into the blockchain you need an oracle , Chainlink is the standard and the reason blockchain and DeFi have become what they are and what they will be able to become.
I mean this is just from March. Link has basically had an integration a day since then. The have secured millions of dollars in DeFi. They are writing white papers with WEF and defining the crypto space.
Chainlink Ecosystem
quote:
DeFi would still exist without Link.
Compound doesn’t get hacked if they use Link. Aave and Celsius have discussed in details why they use Link price oracles and how needed it is for them to operate
This post was edited on 12/14/20 at 8:54 pm
Posted on 12/14/20 at 9:08 pm to CE Tiger
I guess my point is that Sergey could exit scam tomorrow and something else would take the place of Link. I’m sure you would argue that the chances of that are low but it’s happened before. The Devs also still have control over a large portion of Link tokens (which also btw is seen as a bad thing with Ripple/XRP). Nothing is guaranteed and I’d say the chances of Link doing everything you say it will is still less than 5%.
Also throwing up a graphic with tons of “partners” is not the same thing as a working/functioning product. If every dev team delivered on every promise or announced partnership in the crypto space then the crypto space would look a lot different now. That’s why maximalism is a dangerous mindset.
Also throwing up a graphic with tons of “partners” is not the same thing as a working/functioning product. If every dev team delivered on every promise or announced partnership in the crypto space then the crypto space would look a lot different now. That’s why maximalism is a dangerous mindset.
This post was edited on 12/14/20 at 9:10 pm
Posted on 12/14/20 at 9:18 pm to tigermed
So your argument is Link isn’t needed because Sergey could exit scam?
Posted on 12/14/20 at 9:28 pm to CE Tiger
Worded poorly I guess. Link isn't needed simply because it isn't. Other than Bitcoin starting everything, every other coin could (and statistically will) fail.
Now is that to say it won't continue to develop and be used in the future? No. I think it has some good use cases but it won't be the end all be all you make it out to be.
Now is that to say it won't continue to develop and be used in the future? No. I think it has some good use cases but it won't be the end all be all you make it out to be.
Posted on 12/14/20 at 10:00 pm to tigermed
quote:
No. I think it has some good use cases but it won't be the end all be all you make it out to be.
I’ve been saying the same thing for three years now since when link was 20 cents. All the team has done is proven everything I’ve thought about them and continue to grow and integrate with every crypto that wants to have an actual use case. I guess I’ll take the label but don’t claim I’m trying to fraud others with misinformation.
There’s plenty of that in this thread!!! I’m not one of them!!
Posted on 12/14/20 at 10:36 pm to CE Tiger
quote:
Ok crypto as payments can work. Btc and peer to
Peer payments then ok. A simple smart co tract on Ethereum doesn’t need Chainlink. If you want to make a bunch of useless tokens and run an ico yup not needed. If you need data from outside to be brought into the blockchain you need an oracle , Chainlink is the standard and the reason blockchain and DeFi have become what they are and what they will be able to become.
This is exactly why I have no interest in learning
More about crypto. I have absolutely no fricking idea what any of your post means. I wouldn’t even know where to get started, much less have the money to invest it it. At least I have some idea how the Stock
Market works. I know what a ‘company’ is. I know what a share of stock is.
The words you all use in crypto threads give me headache halfway through the first sentence.
Posted on 12/15/20 at 2:14 am to supadave3
quote:
The words you all use in crypto threads give me headache halfway through the first sentence.
Every time you start hearing "use case" again, think "three more years"
Also thanks to run to $20, LINK's value is pegged to a continuation of this DeFi hype.. if that were to fizzle out, look out below
This post was edited on 12/15/20 at 2:45 am
Posted on 12/15/20 at 7:42 am to James11111
quote:
Why are you bullish on Link?
I'm bullish because Link outperformed every single thing for years during a bear market.
And it started this current bull run by going all the way to $20.
It's been correcting for sure, but it is starting to regain key levels without massive breakdowns. I def should have accumulated more, but I have a good stack and I'm foolishly trying to diversify into everything else.
Posted on 12/15/20 at 8:11 am to supadave3
quote:
This is exactly why I have no interest in learning
More about crypto. I have absolutely no fricking idea what any of your post means
I mean there are ways to educate yourself if you really want to dive into the space. Instead you want someone to spoon feed you on where to drop $800.
Take this article on insurance for smart contracts.
LINK
quote:
Decentralized Insurance
Decentralized insurance involves using blockchain technology and smart contracts to replace traditional insurance agreements. There are three main features that stand out for a decentralized insurance product:
Data-Driven Automation The most important aspect of decentralized insurance contracts is that they’re data-driven and self-executing. This means that the insurance contracts execute logic automatically without requiring human intervention, and rely on secure and accurate data obtained from external sources to determine the execution of the contract logic. These insurance smart contracts can also be connected to external outputs, such as payment processors or enterprise financial systems to facilitate payments to be triggered.
The secure data that’s where Chainlink comes in.
Posted on 12/15/20 at 8:55 am to RATeamWannabe
quote:
It's been correcting for sure, but it is starting to regain key levels without massive breakdowns
what levels are you talking about? it's dropping against BTC (again) and it's testing supports for what feels like the 50th time in a month
If it weren't for BTC propping up the USD value, LINK might be $8-9 right now. So any considerable drop in BTC's price and the LINK drop will be even more accelerated
Posted on 12/15/20 at 9:43 am to jmcwhrter
quote:
what levels are you talking about?
11.5 specifically for the last month, what levels are you looking at?
quote:
it's dropping against BTC (again) and it's testing supports for what feels like the 50th time in a month
Again, what supports are you looking at? 11.5 is the key, and its bounced up significantly from there both times its tested it this month.
quote:
If it weren't for BTC propping up the USD value, LINK might be $8-9 right now. So any considerable drop in BTC's price and the LINK drop will be even more accelerated
You can say this about nearly everything, but it will take a drop to sub 17k for 11.5 to break. Anything back down towards that spot is another buying opportunity.
Posted on 12/15/20 at 9:53 am to jmcwhrter
quote:
If it weren't for BTC propping up the USD value
Posted on 12/15/20 at 10:06 am to LSURussian
The missing link between blockchains and enterprises
I’m sure this bullish as frick article will bring the price down to $10
It has historically been difficult to connect blockchains with existing systems, slowing down adoption. Now blockchain oracles provide the necessary infrastructure to fill this gap. Here are key recommendations for implementing a new interoperability framework.
FACE.MELTING
I’m sure this bullish as frick article will bring the price down to $10
It has historically been difficult to connect blockchains with existing systems, slowing down adoption. Now blockchain oracles provide the necessary infrastructure to fill this gap. Here are key recommendations for implementing a new interoperability framework.
quote:
The World Economic Forum, in collaboration with Chainlink, the industry-leading oracle solution, recently published a white paper, “Bridging the Governance Gap: Interoperability for Blockchain and Legacy Systems.” The paper outlines a holistic industry standard for global enterprises to adopt blockchain oracles that reduce switching costs and meet the security requirements for enterprise use cases.
FACE.MELTING
This post was edited on 12/15/20 at 10:10 am
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