Chain link about to explode

[noodlelover]

Look at this price chart.

Chainlink price today, LINK to USD live, marketcap and chart | CoinMarketCap

Get the latest Chainlink price, LINK market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website

coinmarketcap.com

Pump in the last crypto cycle (2021), decline and years of sideways accumulation.

Looks like it's about to break out of it's accumulation pattern.

Also there's an influx of whale investment.

Fundamental value:

It's not a shit coin, Chainlink is the primary source of real world data, across all of the popular crypto's that have smart contracts.

Smart contracts need real world data, such as weather data, stock data, asset data, price data, etc.

Smart contracts are taking off because it's cheaper and more reliable in many cases than pen and paper contracts between companies, which often have vague language and lawyers have to be paid to negotate settlements, which takes time and money. Smart contracts resolve almost instantly, and are guaranteed.

Some of the banking industry is already starting to adopt smart contracts.

(This is just a theory. I'm not a fucking wizard. Thanks.)

 

[eduardkoopman]

actually has utility, yeah.

 

[yex]

Okay I put my last life savings on this coin let's hope your right

 

[noodlelover]

Okay I put my last life savings on this coin let's hope your right

We'll find out if I'm a genius of I'm an idiot.

 

[chudlite]

Okay I put my last life savings on this coin let's hope your right

bros down hella right mow

 

[noodlelover]

bros down hella right mow

I'm looking at things from a more zoomed out perspective.

Last cycle the market was overly bullish, culminating in C. A new crypto cycle is arguable starting. Those tiny movements are nothing compared to the amount of money you could make.

 

[ChickenAndRiceBrah]

been accumulating LINK since 2019 and its been nothing but a letdown so far

 

[FBl]

If you invested 20$ in it back in 2020, you'd still have 20$

 

[noodlelover]

been accumulating LINK since 2019 and its been nothing but a letdown so far

If you invested 20$ in it back in 2020, you'd still have 20$

Most novice investors invest in things that have been "going up" for a long time, only to loose money, or only make as much as the broader market. I made this mistake with Chainlink as well, investing after it had been going up for years.

The longer something has been "going up" the higher probability that it will go down in the future. So the Logic, "if you had done x in the past with this, you'd have y result" is the exact opposite of the type of thinking you should have for investing.

Even if you make money investing in something because of past "positive" performance, it probably wasn't the right investment decision risk adjusted.

The question here, is there going to be another crypto mania phase? Or are people completely burned out this time. If so, how big and long will it be?

If you think "Yes there's definitely going to be a huge crypto mania phase" then we have most likely reached the top and it's time to sell. This is because from a probability stand point, there are far more people buying near the top than selling near the top. Statistically, no matter how smart you or I think we are, we are statistically more likely dumb money under the delusion of the dunning Kruger effect.

Therefore it's important to heavily weight the opposite of your emotional instincts and logic, from statistical point of view. If you or I have a strong logical and emotional conviction that something will go up in the future, it's likely time to sell.

 

[FBl]

Most novice investors invest in things that have been "going up" for a long time, only to loose money, or only make as much as the broader market. I made this mistake with Chainlink as well, investing after it had been going up for years.

The longer something has been "going up" the higher probability that it will go down in the future. So the Logic, "if you had done x in the past with this, you'd have y result" is the exact opposite of the type of thinking you should have for investing.

Even if you make money investing in something because of past "positive" performance, it probably wasn't the right investment decision risk adjusted.

The question here, is there going to be another crypto mania phase? Or are people completely burned out this time. If so, how big and long will it be?

If you think "Yes there's definitely going to be a huge crypto mania phase" then we have most likely reached the top and it's time to sell. This is because from a probability stand point, there are far more people buying near the top than selling near the top. Statistically, no matter how smart you or I think we are, we are statistically more likely dumb money under the delusion of the dunning Kruger effect.

Therefore it's important to heavily weight the opposite of your emotional instincts and logic, from statistical point of view. If you or I have a strong logical and emotional conviction that something will go up in the future, it's likely time to sell.

Every single nigga experienced in crypto knows it's a fucking sham lol muah ai muah utility. Enjoy getting rekted

 

[noodlelover]

Every single nigga experienced in crypto knows it's a fucking sham lol muah ai muah utility. Enjoy getting rekted

That's a good sign that we are nowhere near the market top.

These are the thought patterns the vast majority have between cycles.

Had you said something like "This cycle is going to be huge", "institutional investment is coming", "The EU is considering BTC as a reserve currency", I would know it's time to sell. This is how I accurately predicted the 1017 cycle top, multiple "smart" techies telling me we're about to enter world wide adoption and it's time to buy at 18k.

The fact that you don't even understand the value propositions of crypto is evidence that there's huge room for growth. The memes (ideas) for the benefits of smart contracts and inflation-proof money aren't at full market saturation.

 

[yex]

 

[yex]

OKAY it got up i'm up a hunnid shekels

 

[goldensoul]

Good utility coin even tho i dont hold any. Im betting fully on memecoins this bullrun

 

[noodlelover]

If you invested 20$ in it back in 2020, you'd still have 20$

Yet if you invested when I told people it was going up, you would have nearly doubled your money in under a month.

Okay I put my last life savings on this coin let's hope your right

We did it!

 

[Shkreliii]

Yet if you invested when I told people it was going up, you would have nearly doubled your money in under a month.


We did it!

Now where were you in my life 20 days ago

 

[noodlelover]

Now where were you in my life 20 days ago

Here's my timeless advice for making money.

How to Make money (Shit Advice from a poor guy)

Rich people often weave narratives of hard work and persistence to get you to like them, or buy their book, or buy their course, or invest in their company, or buy their companies products or services because you like or respect them. Or if they are selling an informational product, they'll...

looksmax.org

It's actually not shit advice, it's working out for me and while my goal was never being rich, I'm close to being self employed so I can permanently location max which is my main goal in life.

 

[FBl]

Yet if you invested when I told people it was going up, you would have nearly doubled your money in under a month.


We did it!

Literally every single crypto doubled since trump came into office lol.

 

[noodlelover]

Literally every single crypto doubled since trump came into office lol.

I still correctly identified the breakout of an accumulation pattern

An accumulation pattern for something that's undervalued is like coiled energy.

When an asset is going up, much of the money coming in, is dumb money with the logic of "number go up, I invest". These are weak hands that will sell when the price starts going down. They create unstable markets.

When an asset if falling, without a significant change in the fundamentals, that's dumb money leaving. When all of the dumb money is gone the price reaches a floor and enters a sideways accumulation pattern.

The accumulation pattern is maintained by short term range traders, that buy when the price reaches the range bottom defined by bollinger or similar band. While this is happening, short term traders are being shaken out because they don't want to wait. This creates a more stable asset floor, which slowly accumulates long term traders.

And once the asset breaks out of the accumulation pattern dumb money starts flowing in, but the price movement often also attracts smart money, creating a higher asset floor for the next crash.

But yes, Trump's win triggered plenty of breakouts in both traditional and the crypto market.

 

[vo1dh]

I still correctly identified the breakout of an accumulation pattern

An accumulation pattern for something that's undervalued is like coiled energy.

When an asset is going up, much of the money coming in, is dumb money with the logic of "number go up, I invest". These are weak hands that will sell when the price starts going down. They create unstable markets.

When an asset if falling, without a significant change in the fundamentals, that's dumb money leaving. When all of the dumb money is gone the price reaches a floor and enters a sideways accumulation pattern.

The accumulation pattern is maintained by short term range traders, that buy when the price reaches the range bottom defined by bollinger or similar band. While this is happening, short term traders are being shaken out because they don't want to wait. This creates a more stable asset floor, which slowly accumulates long term traders.

And once the asset breaks out of the accumulation pattern dumb money starts flowing in, but the price movement often also attracts smart money, creating a higher asset floor for the next crash.

But yes, Trump's win triggered plenty of breakouts in both traditional and the crypto market.

Any coins with similiar situation rn

 

[noodlelover]

Any coins with similiar situation rn

Probably, I've thought about writing code to auto identify accumulation patterns in small cap crypto's and stocks, but I'm probably just going to throw my money in an index fund and not worry about it after this because I hate paying so much taxes for buying and selling.

But yah, just watch a bunch of videos and read a bunch on accumulation patterns and you'll learn to spot them.

Now may or may not be a good time, because everything may or may not be over-valued.

The best time to invest is when it feels like the worst time to invest. When the markets have been going down for so long that you've given up all hope of every getting or seeing a positive return on anything.

TLDR: I have no idea how to read the over-all market right now, so anything could happen. But definitely read up and watch videos on the accumulation pattern, and market cycles to be able to spot them easier.

 

[noodlelover]

My Update:

I'm done with Crypto For the rest of my life

I have exited all my positions completely. Here's my thread on Chainlink last month, saying it would go up. https://looksmax.org/threads/chain-link-about-to-explode.1209180/ It more than doubled as did many other coins, and I've sold with a good over-all profit from the crypto market. I'm...

looksmax.org