Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world

Bill Brasky

Kingfisher
Gold Member
void said:
any information when they will list on big exchanges?
There hasn't been a peep regarding exchanges. I've heard rumors about Bitfinex which would be a great start. Getting initially listed there is not easy.

I think Bittrex is out as apparently they are not listing any more tokens. The have good volume but I think they've drawn the attention of the SEC. I can't imagine them not listing it for any other reason. They will list the shitiest of shitcoin if it has good hype. Sometimes even if it doesn't.

Not a big fan of liqui and Hitbtc but they need to get on something soon.

If they truly are pushing for a Bitfinex listing then that would be the only excuse for waiting.
 
Binance which is the #10 exchange by volume sent a representative to Chainlink slack to talk to the community organiser. Seems like they could be next to adopt LINK. A lot of people believe for whatever reason that Binance is where coins go to die. I'm not sure if true.
 
^They don't die but the price will definitely dump. I've seen it too many times. If a coin is going to be listed on Binsnce sell all asap and buy back in a day after the listing.
 

Bill Brasky

Kingfisher
Gold Member
I imagine the minute LINK makes it official you will see a pump, then a massive dump. I'd get your sell orders ready.

Kyber taking a dump after getting on binance is what really vanished any notion that things pump when they hit binance. I honestly believed that Kyber would be different, it wasn't. Granted though, people that were in the ICO already had about 3-4x and were ready to get out and the market cap was definitely high.

Once DNT was listed on Binance in conjunction with a near listing on Bittrex followed by a swift denial, I lost about $3k. The price pumped very hard a day before the binance listing and I could have sold at nearly 2x had I sold. I'm holding a very heavy DNT bag but I don't plan on selling as I don't think that DNT can possibly go to zero. It was overhyped and a $200+ million market cap was completely nonsensical. I learned my lesson, DYOR. I only bought because Armogan mentioned it was a sure thing. I don't blame him, everything looked like a go with Bittrex.

Anyways, back to chainlink. Maybe, just maybe this time will be different but don't count on it. That said, LINK is definitely a long-term hold in my opinion. I already cashed out about 50% of my 2x gains with LINK so at least I'm in the green no matter what happens.
 

thebassist

Kingfisher
Gold Member
The classic Binance dump is very unlikely for LINK for two reasons- first of all Chinese (AKA the most notorious dumpers) are now banned from the platform. I believe it was primarily Chinese investors unloading their DNT bags that caused it to crash so hard after the Binance listing. Second of all, and most importantly, this only ever occurs if the token in question has already been listed on other medium-large exchanges before they hit Binance.

If Binance is indeed the first proper exchange for LINK to be listed on it is highly unlikely it will crash. Anyone who's not a complete and utter retard in the crypto world is aware of the value and high potential of LINK, but plenty of people who are aware of this aren't willing to put in the effort to learn how to use EtherDelta to pick up cheap LINK- as a result there's a pretty big untapped pool of demand for LINK that will be released as soon as it's released on a bigger, proper exchange. Due to these factors if Binance is indeed the first exchange to list LINK, I expect the price to blow up, and not tank too hard afterwards.

So bottom line- if you haven't already, it would certainly be worth it to head over to EtherDelta and pick up cheap LINK while you still can. The delayed exchange listings have been a blessing in disguise for me, allowing me to pick up much more underpriced link than I would have been able to otherwise, I honestly think that anything under 2x for this token is a steal given its potential.
 

Bill Brasky

Kingfisher
Gold Member
thebassist said:
The classic Binance dump is very unlikely for LINK for two reasons- first of all Chinese (AKA the most notorious dumpers) are now banned from the platform. I believe it was primarily Chinese investors unloading their DNT bags that caused it to crash so hard after the Binance listing. Second of all, and most importantly, this only ever occurs if the token in question has already been listed on other medium-large exchanges before they hit Binance.

If Binance is indeed the first proper exchange for LINK to be listed on it is highly unlikely it will crash. Anyone who's not a complete and utter retard in the crypto world is aware of the value and high potential of LINK, but plenty of people who are aware of this aren't willing to put in the effort to learn how to use EtherDelta to pick up cheap LINK- as a result there's a pretty big untapped pool of demand for LINK that will be released as soon as it's released on a bigger, proper exchange. Due to these factors if Binance is indeed the first exchange to list LINK, I expect the price to blow up, and not tank too hard afterwards.

So bottom line- if you haven't already, it would certainly be worth it to head over to EtherDelta and pick up cheap LINK while you still can. The delayed exchange listings have been a blessing in disguise for me, allowing me to pick up much more underpriced link than I would have been able to otherwise, I honestly think that anything under 2x for this token is a steal given its potential.
Good analysis. I am starting to see binance as a significant alternative to both Polo and Bittrex and can eventually take their market share as they don't have a lot of bullshit KYC you need to go through and customer service is excellent.

DNT and then Kyber made me very skeptical with binance but I'm glad to have been proven wrong this time.

I don't get all the ED hate. Yeah, it gets clogged up and congested but read the instructions on their reddit and use metamask and it's easy to use.

In a nutshell from their reddit:

Deposit = wallet (metamask) > Etherdelta
Withdrawal = Etherdelta > Wallet (metamask)
Transfer = Wallet > another ETH wallet

Link was also listed on an unknown exchange called mercatox. These exchanges can have significant price spreads where you can sell high or sometimes buy lower than normal.
 

void

Pelican
Will HOLD. The question is if it makes sense to invest now that it has proven it's worth on a first proper exchange. My understanding is, that Chainlink is the only Token that can enable direct fiat deposition to decentralized exchanges with their Token, if they really finish implementing SWIFT compability. There will be more coins and platforms that allow USDT like currencies, but not direct fiat conversion.

Englighten me if I have a wrong understanding about this.
 

thebassist

Kingfisher
Gold Member
RE: Chainlink (LINK)

I would recommend waiting until the SIBOS conference in mid October. It is likely the hype from SWIFT will be priced into LINK before the conference and probably afterwards too. It really depends how promising the news is. Some are predicting LINK price to be around $0.40-$0.50 before SIBOS.
Pumping hard right now, just about to hit 30 cents. Hitting $0.40-$0.50 in the next two and a half weeks is definitely a possibility as more people become aware of the potential of this company.

[attachment=37624]
 

Attachments

Cattle Rustler

Crow
Gold Member
NewDayNewFace said:
It's actually been pumping. I wish I didn't sell all my ChainLink. I had about 10k worth too.
It's been MOONing all day baby!

Lambos for everyone!

Edit: Hah! It hit .40 six hours after the last post predicting 2 weeks. What a world!
 

Bill Brasky

Kingfisher
Gold Member
Feelz good man. I was pissed I didn't make the ICO but stacked hard when it hit ED.

Any of you guys have stop loss set? Where are your buy orders set?
 
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