It all makes sense why its done so bad since exactly mid 2020. That was exactly when the market around the entire world started going into crazy growth stock only mode while everything else slumped. Think energy companies/fuel, tobacco, and non commodities related companies reporting profits but under performing.
This happened in crypto too of course. Sol/ADA/Avax/Luna/whatever are the crypto equivalent of these growth oriented companies absorbing disproportionate investment and profits.
Chainlink is priced as the oil/gas/fuel/tobacco/boring but more profitable by far companies in crypto. It may be the only one.
The reality is that LINK is really a growth stock in broser macro world market terms but in crypto terms its the boring ticking along non growth company which has, like in traditional markets, slumped and barely ticked along since mod 2020.
yup chainlink is no longer what we in the biz call a "gains opportunity"
Parker Harris
This is literally how crypto investors “fud” and view LINK. “What does it actually do tho?” “The token is dumped each week, how does that effect price?” “The network is subsidised” “Its features are only barely used, its not worth that much now”
These are all fundamental metrics being applied to LINK by crypto faggots treating it like a energy company or something and pricing it in its fundamentals only, while any speculative or growth like news and aspects are not priced in as the market isnt pricing it like that.
Meanwhile all the growth stocks in crypto do not get this treatment. No question asked about its profits or token economics and impacts etc. They are only priced on their growth and attention.
Take the Sol hack. Barely effected price. If LINK oracles had the same level of hacking today it’s have dumped 50%
Austin Scott
Which is why it won't moon anytime soon. Your money is better off in literally anything else
Juan Wilson
Right now in stock market im seeing these “boring” non growth companies staging a breakout relative to their performances over the lat year or two. These are companies which have lagged unbelievably hard to passive investors inflating growth stocks. The Dow is starting to out perform the NAS and SP. These are stocks you wish you owned in a war environment, or hard times, or an economy which is uncertain. Thats why they suddenly started to perform.
Chainlink is in the strange space where it is actually a growth tech stock in stock market terms, but in crypto terms its not. Thats why if the market macro changes this year in crypto people will start to look for the boring old value stocks in crypto too, which there is basically only one. Its called Chainlink. And soon it’ll also be the most heavily revenue generating one too.
Colton Wilson
Thats only if you predict that growth stocks and the current passive investinf into them paradigm is going to continue for a while. In which case LINK, like its equivalents in the stock market will lag behind, but not crash.
Justin Rivera
Im not a loser and have a life outside of biz and a job and link has the safest growth opportunity without me needing to check charts all day and instead have sex. Other shitcoins you have to watch and sell before they go down to 0. Not link tho. I can afford to wait 6 years to make it. Link isnt a gamble, its a when will i make it rather than an if i make it with literally anything else.
William Smith
That's ridiculous and you know it. Over the past year, anytime the market showed any amount of weakness chainlink's price nosedived into the ground. If investors start to get cold feet around crypto due to how big of a bubble the whole thing is, chainlink will get destroyed along with every other alt. The only thing that might be safe will be Bitcoin which is the closest thing to a value stock in all of crypto.
Hudson Thompson
In effect LINK has almost 2 years of events, news, developments and happenings which havent even been priced into it yet lol.
Jaxon Foster
Cause we’re still in the macro “muh growth stocks” phases clearly, and LINK is still effected by BTC volatility. Even in late 2018-2020 link hd sharp moves down if BTC was volatile. Most of LINKs gains in that period came in times BTC crabbed.
The fact Sol barely moved on the hack news is a hint that the market is still operating far away from fundamentals for its macro here.
Ryder Nguyen
have u noticed how sergey treats Chainlink like a public company too? With his end of year announcements, non-hype talk, achievements and active growth, etc.
Zachary Perez
the copes get sadder and sadder
Isaiah Perez
Yeah because in real global market terms Chainlink is a “growth stock”. Its only cause in Crypto it’s completely skewed to pic related making weekly video rants and talking about “changing the world, if you’ll give me permission” being a “growth stock” in crypto. Thats why Cardano may just be the most overvalued company to ever exist in human history, i cant even remember how fucked its PE ratio is. But in crypto terms thats how growth is defined, so projects like it have sucked up all the money like facebook/netflix/goog have the past few years.
Meanwhile Chainlink is too professional, too necessary, too detailed, etc etc that its basically the BP of crypto and investors have underpriced them in recent years.
Its why this insane double standard exists for LINK. When people criticise it for such inane fundamentals but nothing else does. The crypto market is only pricing LINK based on these. None of its news or events have been priced in and we’ll have tonwait for the macro to shift which i think it is already. All these massive growth companies are suddenly tanking hard and non growth ones are starting to perform again.
Link will gain everything from crypto because there is literally no other coin to suck up all the investment in crypto when it flips macro.
Grayson Roberts
So what you're trying to say is "LINK is a bear market token". Which everyone with half a brain was saying before the bullrun started, only to be called a bulgarian or a tranny by linkies.
Jason Diaz
No. Thats always been a fud go to statement. It may be a “bear market token” indeed but as soon as it even started to look like a bear market these same people switch to “its not a bear market token”.
Lincoln Sanchez
the high iq post Any Forums needs but doesnt deserve.
>These are stocks you wish you owned in a war environment, suggestions? i'm late to the party but i know still early enough for opportunity. what would "war" even be like in this day and age? constant live drone footage? bets? kill counts? news articles about profits? SJWs mad about the ethics? think of the fucking content live streamed into normie eyeholes.
>without me needing to check charts all day and instead have sex >he doesnt trade while sex
>chainlink's price nosedived into the ground >thread about long term value proposition vs short term line go up the best FUD
If crypto crashes and has a proper bear such as in 2018 - is Chainlink still profitable? Isn't much of its revenue from DeFi?
Julian Wood
Many of the fud go to statements are a go to statement because they carry weight. Take for example "token not needed" - it was used so much because it was actually true, before staking there is no FUNDAMENTAL INTEGRATED MECHANISM that would raise the market price of the token proportionally to the growth of the network. Only speculation could do that. Unfair double standard? Obviously. Low quality bait? Sure! But true nonetheless. "Link is a bear market token" means that there is no way for link to get hyped to the low information investors and dumped on them like all the bullrun scams. Like dog dokens or ada or whatever have you. There was a lot of absolutely retarded fud, presumably by linkies targeting newfags, but "link is a bear market token" isn't among them. It translates exactly to what you typed in your thread, but much less verbose.
Nathan Gray
Too hard. Too much to think about. I described how it works in crypto but how its gonna interact with everything else i cant say easily.
I think we are definitely seeing a slowdown of growth in growth stocks this year. I dont think they are gonna tank like crazy after this initial period but i dont think they’ll be as volatile or line go up either. Meanwhile value companies will likely regain some dominance.
We’re kinda seeing it in crypto. It seems things like Sol/ADA and kind are reaching exhaustion in terms of how people are willing to buy them now. People are actually getting impatient and turned off from their features not being good enough and not going to be good enough. Im seeing it. This is in contrast to before where it would pump in spite of it, right? There were a couple sol hacks last year and it actually pumped lol.
So i think if LINK could get CCIP or better yet, staking out the door in the next month or two that would likely start to pique interest of a lot of people. Like how mainnet came in 2019 just about the time that shitcoins had been utterly exhausted and completely in BTCs shadow and coat tails for some time.
CCIP alone may be good enough. Link has a huge stash of funds to pay for operations and wages for years due to the dumps. He wont need to dump in a macro bearish environment now. Thats huge. Not only that but the network is actually profitable without subsidiaries now. This puts link as the most profit generating project in crypto outside of PoW chains, and this profit level scalable. This is without CCIP.
So i think the market may be getting fatigued with growth, hitting divergence. Link just really needs to get something out the door as soon as possible to capitalise on this.
Parker Flores
Chainlink Dons are scalable in profits. They are paid in LINK so they earn just as much at $1 as $1000 in link tokens.
Nodes have overheads but they are basically nothing compared to miners on Pow. We’re talking maybe even a few hundred dollars a month in some cases. Not all APIs cost money and even the ones that do, arent mega expensive. Otherwise its just eth gas which soon wont even be a big deal with CCIP.
Eli Cox
>Otherwise its just eth gas which soon wont even be a big deal it isnt a big deal today, just use Avalanche.
Jack Rogers
Yeah but the issue here is nobody wants to. All serious developments are done on eth still and most of Defi heavy hitting is too.
CCIP will fix that cause people will be picking and choosing the aspects of each chain which fit the job, including gas costs to a degree. This is certain when Layer 2 like Arbitrum is off its knees.
For some reason i have a feeling we wont see staking till Eth launches Pos but i hope CCIP can arrive in March. It’ll kick start the process.
