Post: #151

Dang Link got dumped pretty bad. I don't foresee any significant price movements up for a while.

Edit: maybe after the fork but don't expect to big of a jump.

Post: #152

I foresee a significant price movement downward.

Post: #153

^Yes sir. It'll just continue to get dumped in my opinion.

Post: #154

Surely this isn't dead though, right? I was thinking of buying the bottom, and holding for the long term.

Post: #155

When is the bottom?

Post: #156

Decided to cut my losses for now after dipping below 100 mio market cap and no further support in sight. Still came out ahead.
Parking in tether waiting for the next opportunity.

If you apply chart analysis, there is just a long slope with no convergation point.
Pump too big, communication insufficient. They should hire a PR guy for website news and Twitter.

Still stand by my judgment, that this is a valid project. I will buy in again, when they manage their PR better.
The Bitcoin situation with the hard fork is also to blame for the massive dump.

Post: #157

LINK had the best PR of any coin I've ever seen.
They managed to spin 2 dudes, a whitepaper, and a hint of a business deal into 180 million dollars in marketcap.
Not sure what you mean by they need better PR.

Post: #158

(10-20-2017 08:12 PM)SamuelBRoberts Wrote:  LINK had the best PR of any coin I've ever seen.
They managed to spin 2 dudes, a whitepaper, and a hint of a business deal into 180 million dollars in marketcap.
Not sure what you mean by they need better PR.

If that's true, what do the developers stand to gain? Did they cash out early on?

In all their communication, the team are openly sceptical and even disdainful of the /biz/ hype. So if that's PR, it's unintentional.

But I haven't been around long enough to recognise when a coin is dying. Is that really what we're seeing here?

Post: #159

(10-20-2017 10:19 PM)churros Wrote:  

(10-20-2017 08:12 PM)SamuelBRoberts Wrote:  LINK had the best PR of any coin I've ever seen.
They managed to spin 2 dudes, a whitepaper, and a hint of a business deal into 180 million dollars in marketcap.
Not sure what you mean by they need better PR.

If that's true, what do the developers stand to gain? Did they cash out early on?

In all their communication, the team are openly sceptical and even disdainful of the /biz/ hype. So if that's PR, it's unintentional.

But I haven't been around long enough to recognise when a coin is dying. Is that really what we're seeing here?

Yup, a coin that's been out for less than a few months, that you can only buy on ED and binance, that just went through its first big sell the news event, is dead. It's dying, it's never coming back. MonaCoin, Regalcoin, Dogecoin, Siacoin, BitcoinDark...you know any of these bad boys? All these great projects and many others have a higher marketcap than LINK, yet I'm here to tell you that despite LINK having a lower marketcap than these literal shit coins, its 100% dead.

Just for reference, you can usually expect a 70% retracement from the ATH with these alts once the bubble bursts. I'd say we are getting pretty damn close to the bottom. Give it a few more months before you call LINK dead. Once the bitcoin fork happens and the market as a whole has its next big correction, there's a good chance a lot of the bitcoin profits that people made will go back into alts and they will have a bigger bounce than bitcoin. If its 2018 and there's still no news and LINK is on bittrex and still below all the shit coins I listed above, then maybe we can definitively say its dead.

Remember, you don't lose until you sell. LINK is under an intense FUD campaign right now from 4chan and unless you think you can buy back lower or put your money in a project that will make up your losses and then some quicker than LINK would, I would just hold.

Post: #160

I think an additional reason is, that they fucked up the crowdsale by allowing the pre-sale guys to pool ETH without a cap? and public crowdsale was only for like 2 million.$. I am to lazy to research the exact number. This enabled a small nuimber of people to control the supply of the coin on these small exchanges.
What I have learned from this: Get into pre-sale with discount and flip before it crashes. Huge discounts only shift the power to the whales/big investors.
To have a stable development of the coin the coin supply distribution has to be more equal.
I guess most noobs already pulled out by now and some big players are accumulating giant numbers of the coin now. The ownership structure is screwed for the short to midterm.

A) They didn't know what they were fucking up during the ICO pre-sale
B) They just wanted to sell as much as soon as possible. Enjoy your token being controlled by a small minority.
c) I have to start reading 4chan

Post: #161

(10-21-2017 04:00 AM)void Wrote:  I think an additional reason is, that they fucked up the crowdsale by allowing the pre-sale guys to pool ETH without a cap? and public crowdsale was only for like 2 million.$. I am to lazy to research the exact number. This enabled a small nuimber of people to control the supply of the coin on these small exchanges.
What I have learned from this: Get into pre-sale with discount and flip before it crashes. Huge discounts only shift the power to the whales/big investors.
To have a stable development of the coin the coin supply distribution has to be more equal.
I guess most noobs already pulled out by now and some big players are accumulating giant numbers of the coin now. The ownership structure is screwed for the short to midterm.

A) They didn't know what they were fucking up during the ICO pre-sale
B) They just wanted to sell as much as soon as possible. Enjoy your token being controlled by a small minority.
c) I have to start reading 4chan

Think reading 4chan only gives the benefit of seeing what their latest fud is, it's always done after a ATH to bring the price to lower so they can buy back in after selling the top. Everything down right now anyway so no point trying to call whats going to happen, its a rough month for alts, still likely that after or just before the fork BTC money will buy back into promising cheap alts. Link might be one of them, in which case you can profit from buying the discount now. Just a theory I actually have no idea how it will play out.

Post: #162

I will think about buying back in, on Tuesday/Wednesday, as I don't want to have BTC locked in a wallet before the dump.

Post: #163

Have to admit I was disappointed of the lack of communication of the chainlink team. The price has tanked an incredible amount in the last couple of days and just above 2x ICO price. Not sure how much of it is caused by people FOMO buying into BTC. Most other newly launched alts are not doing better:

ENG: below ICO
AST: below ICO
MTH: below ICO
ODN: 2x ICO price
REQ: below ICO
KNC: 2x ICO price

It's so bad ICOs like Cindicator are delaying launch of their token conveniently until after the fork date. I would stay clear of any ICOs until the fork ends and money flows back into alts.

Post: #164

Burner-

Do you know that they're delaying it deliberately?
I thought they were just weird autists.

Post: #165

The timing is very convenient I'd say.

It's not just cindicator. iCON and all the other new ICOs are doing the same. Coincidence? Many new ICOs releasing tokens during this fork period and the ones that do are getting rekt.

Regardless, LINK is performing better than all new alts. I can't name an exception yet. Blackmoon is also below ICO price.

Post: #166

Sergey presenting at Devcon 3 on November 3rd: https://ethereumfoundation.org/devcon3/s...mputation/


Content will be:

"We will cover the need for secure and maximally decentralized oracles for Ethereum smart contracts. The focus of the presentation will be on how allowing data providers, payment providers, and various API-based services to be accessed by Ethereum smart contracts through a decentralized oracle network can greatly expand functionality, while maintaining the key security guarantees of smart contracts. We’ll focus on how TownCrier’s approach to implementing Intel SGX enables third party oracles to be provably secure, as is already being done on production using the currently live TownCrier implementation. We’ll also look at how oracle operations and off-chain computation can be written in solidity to be run entirely in an SGX Enclave, allowing provable off-chain computation and retrieval of external resources. Smart contracts need to retain a high level of security in both the network they run on, and the inputs/outputs they rely on, we aim to show how decentralized oracle networks, TownCrier’s approach to using Intel SGX for secure external access , and off-chain computation using solidity in Intel SGX can together allow smart contracts to remain secure as they access key resources outside the Ethereum network."

Post: #167

(10-28-2017 04:47 AM)NewMeta Wrote:  Sergey presenting at Devcon 3 on November 3rd: https://ethereumfoundation.org/devcon3/s...mputation/


Content will be:

"We will cover the need for secure and maximally decentralized oracles for Ethereum smart contracts. The focus of the presentation will be on how allowing data providers, payment providers, and various API-based services to be accessed by Ethereum smart contracts through a decentralized oracle network can greatly expand functionality, while maintaining the key security guarantees of smart contracts. We’ll focus on how TownCrier’s approach to implementing Intel SGX enables third party oracles to be provably secure, as is already being done on production using the currently live TownCrier implementation. We’ll also look at how oracle operations and off-chain computation can be written in solidity to be run entirely in an SGX Enclave, allowing provable off-chain computation and retrieval of external resources. Smart contracts need to retain a high level of security in both the network they run on, and the inputs/outputs they rely on, we aim to show how decentralized oracle networks, TownCrier’s approach to using Intel SGX for secure external access , and off-chain computation using solidity in Intel SGX can together allow smart contracts to remain secure as they access key resources outside the Ethereum network."

Well, the Devcon presentation has passed, no pump or correction from its downward movement. Unfortunately, the price is just going to continue to dive lower and lower, due to poor communication from Sergey and his team.

It's a pity, the fundamentals of the project look solid, but at this point its impossible to tell if they are quietly working and letting the results speak for themselves, as some LINK holders believe.

Post: #168

Seems like the bottom is around $0.15 and it's going to hover in the $0.15-0.20 range until the bitcoin drama ends. Since the LINK network isn't even up and it has yet to get on a major exchange like Polo or Bittrex it looks like LINK is becoming a long term hold. Many will not be comfortable holding it and missing out on other opportunities but I'm a firm believer in this like I have been for:

-Trump
-OmiseGo
-Bitcoin Cash

ChainLink is the first mover and the only game in town when it comes to decentralised oracles that allow for high value use cases like overseas remittances, financial instruments and insurance and backed by trusted hardware like Intel SGX. Nothing has anything remotely close to it. I'm holding onto this until Christmas 2018 before I let go. I've talked to other holders who are selling their stack but will keep ears to the ground for any announcements that inevitably happen in the near future and buy back in.

The fact that the price jumped after s2x fork was called off says something about the valuation of Chainlink. There's also a tendency for people not to sell their holdings in a start-up when they see real value in it, these are the ones that do well. The top 100 wallets for ChainLink haven't budged, and judging from 4chan it seems like the tech value has been persuasive.

Post: #169

There was abit of a glitch in the matrix recently, the LINK slack found a URL we weren't supposed to find called swift.smartcontract.com

On it was, what appeared to be, testing of the SWIFT system making use of the LINK network, you can see some screenshots in this biz thread:

http://boards.4chan.org/biz/thread/43214...-fucked-up

If this isn't confirmation that SWIFT is using this system 100% I don't know what is. I mean it was one of the selling points of the tech anyway, a lot of us just assumed the partnership but this seems pretty concrete at this point.

Due to lack of news and not having a functioning network it still isn't going to go up short term although that biz thread pushed it briefly up to 20 cents from 18 there is no need to FOMO into this...

But if you do my LINK bags are the heaviest of all my bags so ill make sure to unload on all of you extra heavily.

Post: #170

Neat find. It's always good to have confirmation of this stuff.

Post: #171

(11-12-2017 04:27 PM)NewMeta Wrote:  But if you do my LINK bags are the heaviest of all my bags so ill make sure to unload on all of you extra heavily.

the level of full disclosure is beyond reproach. *finger pistols*

Post: #172

Chainlink testnet is up and running, i made an account and can confirm working:

https://testnet.smartcontract.com/

Edit: Confused, I think the testnet has been up for awhile but it is only just getting visibility now so its caused a small pump. Need to look into this more.

Yep it's that, this medium article was released highlighting it:

https://medium.com/@jonnyhuxtable/smartc...023d750f6f

Post: #173

(12-02-2017 12:18 PM)NewMeta Wrote:  Chainlink testnet is up and running, i made an account and can confirm working:

https://testnet.smartcontract.com/

Edit: Confused, I think the testnet has been up for awhile but it is only just getting visibility now so its caused a small pump. Need to look into this more.

Yep it's that, this medium article was released highlighting it:

https://medium.com/@jonnyhuxtable/smartc...023d750f6f

Cool I'm gonna make an account. About to double my position in this as well.

Post: #174

Volume and price pumped to about $0.20/~2000SATs, not sure why. Announcement by Sergey is coming this month. Insiders know the next announcement is good?

Omar Bham (one of the top YouTube crypto people) actually tweeted about Chainlink Testnet: https://twitter.com/crypt0snews/status/9...0131910657

The coming announcement is another make or break.

Post: #175

I heard a bittrex listing rumor, that may be why.