I'm Touring The United States! Starting in June, I'm conducting private events in 23 American cities. Click here for full details.

Post Reply 
Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Author Message
Transsimian Offline
True Player
*****
Gold Member

Posts: 1,888
Joined: Dec 2016
Reputation: 14
Post: #101
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I don't see much potential in coins with many tokens. Chainlink has over 250 million, IOTA is up there too, as it'll take a big increase to market cap to even double your investment.

Likes denote appreciation, not necessarily agreement |Stay Anonymous Online Datasheet| Unmissable video on Free Speech
10-01-2017 05:03 AM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #102
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Coin supply doesn't matter, marketcap does. Unless supply is 1 billion or over, in which case it just gets stupid. I hate anything with a 1 billion supply.

High marketcaps have certain advantages, less risk, more liquidity (And you won't realize how much you love that liquidity until you drop the price of your favorite microcap 20% by selling .05 BTC of it)

But yeah they're definitely less likely to see the crazy upside swings that the smaller ones have.
10-01-2017 05:09 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 4 users Like SamuelBRoberts's post:
thebassist, [email protected], Bill Brasky, semibaron
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #103
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
There will certainly be some kind of correction, but
a) we don't know which exchanges will start trading chainlink until SIBOS conference
b) SIBOS conference in 2 weeks will make or brake this coin.
c) I think swing trading is a bigger risk in this incalculable upwards trend, I don't have the time to track the erratic +-30% price movements 24 hours a day, of course you can work with limit orders but taking 1 or 2 days off watching the market can already destroy the gains one hoped for.
d) I would certainly place a limited sell order for the day of sibos conference to ensure I get out with some profit in case of a crash.
e) Even with SIBOS being not a success, the coin has a long term potential and would be partly responsible for the success of Ethereum. So buying in after a SIBOS crash is also an option.

Brought to you by Carl's Jr.
10-01-2017 06:05 AM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #104
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Oh yeah expect the SIBOS conference to send the price to shit.
Forgot to say that.
10-01-2017 06:09 AM
Find all posts by this user Like Post Quote this message in a reply
thebassist Offline
Chubby Chaser
**
Gold Member

Posts: 584
Joined: Oct 2012
Reputation: 29
Post: #105
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
If you're thinking of taking profits I would personally suggest waiting until a couple days before SIBOS. So far although we've had a number of pumps and dips, the baseline level seems to be getting higher every time. I'm still expecting to see decent gains as we approach SIBOS- and others do as well so most likely there will be a lot of people buying in during the runup to the big conference, which will likely exert some upward pressure on the price.

Most people looking to cash out on the conference hype will probably be doing that maybe a day before the conference itself- therefore it might be advisable to sell off a couple days ahead of the conference if that's what you're looking to do.

I will be cashing out a decent chunk around the 12th to free up some ETH for the Request ICO, but will be leaving a significant portion of my LINK holdings untouched. If we see a major dump occur after the conference so be it, I still believe that this is one of the highest potential coins out there, certainly one of the strongest crypto projects with non-crypto applications so I see a lot more gains to be made in the months to come after SIBOS.

RVF Fearless Coindogger Crew
(This post was last modified: 10-01-2017 06:42 AM by thebassist.)
10-01-2017 06:42 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes thebassist's post:
SamuelBRoberts
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #106
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 06:42 AM)thebassist Wrote:  If you're thinking of taking profits I would personally suggest waiting until a couple days before SIBOS. So far although we've had a number of pumps and dips, the baseline level seems to be getting higher every time. I'm still expecting to see decent gains as we approach SIBOS- and others do as well so most likely there will be a lot of people buying in during the runup to the big conference, which will likely exert some upward pressure on the price.

Most people looking to cash out on the conference hype will probably be doing that maybe a day before the conference itself- therefore it might be advisable to sell off a couple days ahead of the conference if that's what you're looking to do.

I will be cashing out a decent chunk around the 12th to free up some ETH for the Request ICO, but will be leaving a significant portion of my LINK holdings untouched. If we see a major dump occur after the conference so be it, I still believe that this is one of the highest potential coins out there, certainly one of the strongest crypto projects with non-crypto applications so I see a lot more gains to be made in the months to come after SIBOS.

A very solid strategy. I think it will top out before then, 'cause I don't think it has the energy to go significantly above 150 mill marketcap when the emphasis has shifted to WTC. Look how fast everybody stopped talking about Kyber.
But honestly for this sort of thing your guess is as good as mine, and "wait for anticipation of SIBOS to build and sell slightly before" is very likely to do well.
10-01-2017 06:47 AM
Find all posts by this user Like Post Quote this message in a reply
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #107
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Certainly could happen like with the split of the BTC blockchain. people will cash out before, but that means you can buy in rather cheap on conference day.

Brought to you by Carl's Jr.
10-01-2017 06:50 AM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #108
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
SIBOS should be a "Buy the rumor, sell the news" thing, particularly when all the people who bought it thinking SIBOS will be huge and amazing find out that it's not. LINK folks outside of this forum, where people are pretty-level headed, are a very touchy group and probably easily spooked.

I think anybody who would possibly WANT LINK at this price already has it, barring it going on Bittrex, which will never happen because of its shitty KYC procedures.

If you think LINK has huge long term potential, which is your own decision to make, and you want more LINK you can probably get it for a bargain on conference day.
10-01-2017 06:53 AM
Find all posts by this user Like Post Quote this message in a reply
[email protected] Offline
Alpha Male
****

Posts: 1,192
Joined: Feb 2016
Reputation: 20
Post: #109
SIBOS
SIBOS only has a 1 hour presentation on blockchain tech and it's split into 2 parts. First half is about SWIFT's hyperledger blockchain which they own and will use. This is my speculation but I I think second half is probably about banks connecting to the hyperledger blockchain via SWIFT smart oracles (made by smartcontract.com) and uses LINK to pay node operators to verify transactions.

It is an important presentation because all the industry leaders in banking will be there but I think SWIFT has already made up their minds when it comes to going through with this. It's either run with middleware to get into the blockchain tech or potentially losing marketshare to things like Ripple.

[Image: 1506845850355.png]
10-01-2017 08:22 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes [email protected]'s post:
thebassist
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #110
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
What can we expect: They plan to show a live demonstration of handling the SWIFT protocol. Who and at what time will announce a successful live demonstration or failure is a key strategic question.

16 October 10:15 to 10:45 SWIFTLab, that is the 30 minutes.
https://www.sibos.com/conference/confere...e-industry

I would say this 30 minute presentation will be one of the most important of the developers lifes, so I think they will work like mad men to deliver on 16.10.

One other perspective: Microsoft took DOS and gave it a graphical user interface for visual "data exchange". Local networks and the internet gave computers the possibility to exchange data. Chainlink enables automated data exchange from the cryptoworld (ETH virtual machine) to non-crypto participants/information providers, at least for some first applications at the beginning.

Chainlink is Input and Output
[Image: 500px-Von_Neumann_Architecture.svg.png]

Brought to you by Carl's Jr.
(This post was last modified: 10-01-2017 09:31 AM by void.)
10-01-2017 08:32 AM
Find all posts by this user Like Post Quote this message in a reply
churros Offline
Banned

Posts: 1,159
Joined: Dec 2015
Post: #111
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Sorry to pop in here with a newb question. Which wallets are compatible with link, and how safe is it to leave funds on binance?
10-01-2017 11:20 AM
Find all posts by this user Like Post Quote this message in a reply
NewDayNewFace Offline
Banned

Posts: 475
Joined: Jun 2016
Post: #112
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Use Myetherwallet for erc20 tokens. Don't leave your tokens on exchanges where you don't own the private key.
10-01-2017 11:27 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like NewDayNewFace's post:
churros, SamuelBRoberts
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #113
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
One thing I've never understood: SWIFT is hardcore financial industry money. Like JP Morgan, Elevon, VISA, level money.
If they want a link to the ETH blockchain, why pay these two guys to do it? Why not roll their own and avoid having to pay for LINK tokens? It's not like they don't have the money to hire programmers, and I'm sure there's somebody in the EEA who would be more than glad to have them.
(This post was last modified: 10-01-2017 12:32 PM by SamuelBRoberts.)
10-01-2017 11:58 AM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #114
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
A note: Earlier I said that there was a double top that was cause for concern. I'd accidentally been looking at the USD price on Coinmarketcap, since LINK isn't listed on the major exchanges and I can't use tradingviews. I don't think a double top in USD means anything for a coin like LINK, and I retract that statement. A double top in BTC would be concerning, but that hasn't really happened. In my defense it was really late.
10-01-2017 12:29 PM
Find all posts by this user Like Post Quote this message in a reply
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #115
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 11:58 AM)SamuelBRoberts Wrote:  One thing I've never understood: SWIFT is hardcore financial industry money. Like JP Morgan, Elevon, VISA, level money.
If they want a link to the ETH blockchain, why pay these two guys to do it? Why not roll their own and avoid having to pay for LINK tokens? It's not like they don't have the money to hire programmers, and I'm sure there's somebody in the EEA who would be more than glad to have them.

That is a legit question. And we can only speculate about the reasoning why LINK is public. I guess they conviced them, that a non-public "software" will never see widespread adoption by the crypto-world and startups. They wouldn't earn any money with it and they wouldn't gain any control in the crypto-world. Banks will earn money as LINK nodes providing market data (they can possibly "influence to their advantage"). LINK aims to replace those expensive number crunching companies, which collect the bank data for interest rates,...... How much LINK tokens or company shares SWIFT owns, we don't know.

What banks gain after 6:20



Brought to you by Carl's Jr.
(This post was last modified: 10-01-2017 03:18 PM by void.)
10-01-2017 02:53 PM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #116
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I would want a really solid answer before I went long 3 months+ on this.
10-01-2017 03:31 PM
Find all posts by this user Like Post Quote this message in a reply
Alche Offline
Beta Orbiter
*

Posts: 127
Joined: Jan 2015
Reputation: 1
Post: #117
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
LINKs horrible ICO and lack of information gave me red flags and I avoided it since then. But since then it has gone 4x lol. So what do i know haha. Still will always avoid this token as I don't trust the devs anymore despite their project being interesting.

'in the face of death.. everything is funny'
10-01-2017 03:41 PM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #118
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 03:41 PM)Alche Wrote:  LINKs horrible ICO and lack of information gave me red flags and I avoided it since then. But since then it has gone 4x lol. So what do i know haha. Still will always avoid this token as I don't trust the devs anymore despite their project being interesting.

You're using your head in a hype-based marketplace. "Look for the super-hot ICO" and "Flip it when it goes live" has been the best strategy over the past month. (I 2x'd on Obsidian so not complaining here)
10-01-2017 04:13 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes SamuelBRoberts's post:
Vincent Chase
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #119
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 03:31 PM)SamuelBRoberts Wrote:  I would want a really solid answer before I went long 3 months+ on this.
Contact the developers themselves, I guess this the only option.

More speculative reasons:
Reason number one. LINK will fuck up the business model of those data providers/interest rate calculators, it will be beneficial to the banks/SWIFT, as they will earn money with their data instead of paying for it.

Second reason, why develop something from scratch if you can get it for free (and better?) from someone else.
Why are most web-servers running linux? And why are companies outsourcing every possible department they do not see as existential to their core business?

Third reason, SWIFT is working on their own block chain for payment settlement and see great potential in smart contracts, which LINK helps to enable.

This is a startup investment, it will either sink or float.

Brought to you by Carl's Jr.
(This post was last modified: 10-01-2017 04:43 PM by void.)
10-01-2017 04:35 PM
Find all posts by this user Like Post Quote this message in a reply
semibaron Offline
Chubby Chaser
**

Posts: 504
Joined: Mar 2016
Reputation: 20
Post: #120
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 04:35 PM)void Wrote:  This is a startup investment, it will either sink or float.

As basically the whole crypto market
10-01-2017 11:41 PM
Find all posts by this user Like Post Quote this message in a reply
SamuelBRoberts Offline
International Playboy
******
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #121
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I have been informed by people who make more money than I make that a double top in USD is very bad.
So I'm uh... un-retracting the retraction.
10-02-2017 04:56 AM
Find all posts by this user Like Post Quote this message in a reply
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #122
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Could be a typical 30% correction upcoming.

Brought to you by Carl's Jr.
10-02-2017 03:18 PM
Find all posts by this user Like Post Quote this message in a reply
Alche Offline
Beta Orbiter
*

Posts: 127
Joined: Jan 2015
Reputation: 1
Post: #123
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-01-2017 04:13 PM)SamuelBRoberts Wrote:  
(10-01-2017 03:41 PM)Alche Wrote:  LINKs horrible ICO and lack of information gave me red flags and I avoided it since then. But since then it has gone 4x lol. So what do i know haha. Still will always avoid this token as I don't trust the devs anymore despite their project being interesting.

You're using your head in a hype-based marketplace. "Look for the super-hot ICO" and "Flip it when it goes live" has been the best strategy over the past month. (I 2x'd on Obsidian so not complaining here)

Well I look for projects that have potential to go 10-1000x. I made 2x just from trading this week. So waiting a 1-2months having my funds locked up for that long in an ico that may or may not increase and just getting 2x isn't something I'm interested in.

'in the face of death.. everything is funny'
(This post was last modified: 10-02-2017 05:12 PM by Alche.)
10-02-2017 05:09 PM
Find all posts by this user Like Post Quote this message in a reply
void Offline
Alpha Male
****

Posts: 1,196
Joined: Apr 2012
Reputation: 5
Post: #124
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(10-02-2017 04:56 AM)SamuelBRoberts Wrote:  I have been informed by people who make more money than I make that a double top in USD is very bad.
So I'm uh... un-retracting the retraction.
Thank you for your inputs. I did expect a correction got my lazy ass up and cashed out. My calculated re-entry point would be a marketcap of 108 Million, but it is dropping way too fast at the moment. With just eitherdelta and binance, it is quite a gamble.

Brought to you by Carl's Jr.
10-02-2017 08:20 PM
Find all posts by this user Like Post Quote this message in a reply
NewDayNewFace Offline
Banned

Posts: 475
Joined: Jun 2016
Post: #125
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
^^ Good stuff. I cashed out at 2x. I lost out on about ten grand cashing out early. It's all good though.
10-02-2017 08:31 PM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Life Learnings - Smart ass One liners to live by... Add yours RatInTheWoods 38 5,697 08-05-2018 09:08 AM
Last Post: Ski pro
  Solving the Oracle Problem (Oracles Network) Vincent Chase 6 2,173 03-29-2018 01:10 AM
Last Post: Burnerman
  Are day-to-day contracts pointless? Seadog 11 7,827 05-05-2017 10:53 AM
Last Post: ChrisGaines

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication