The price of LINK has been bouncing between 40-45 cents for just about two weeks now. Let's assume the price stays that way until SIBOS.
Therefore:
1) There are a lot of people currently holding who bought around the current price over the past two weeks. > They will obviously not start selling at/after SIBOS if the price remains constant.
2) Then there are also a large number of whales and whale-lets who are still holding from the ICO. They have had two weeks to sell at the current price (40-45 cents), but didn't. Whales tend not to gamble, so they are likely not waiting around for a flash pump just hours from SIBOS, when they had two weeks to sell at 4x their buy-in price. > They will also not start selling at/after SIBOS if the price remains constant.
Then there are the people who bought in somewhere between the ICO price and the current price. Again, these people must have bought in over twee weeks ago, since the price of LINK has remained around 40-45 cents for two weeks. > They will likely not start selling at/after SIBOS if the price remains constant.
So if the price stays constant, chances are good there will be no retarded "sell da noos" dump around/after SIBOS. (even though there is no news to sell)
If a flash pump does occur, you could reasonably expect a flash dump too, with very good support at around 30-35 cents if things go badly enough.
BUT DON'T FORGET: "Buy the rumor, sell the news" never applied to SIBOS, because there have been no rumors to buy, and there is no news to sell. I am merely anticipating stupidity with this thread. Because you see, we have always known exactly what was going to happen at SIBOS: LINK is to be the ONLY crypto company to get invited to do a demo for/with SWIFT. The marketing opportunity this presents is on its own HUUUUUUUUUUUUGE.
What we CAN expect is for the LINK team to finally break their radio silence post-SIBOS.
Connor Garcia
SELL THE MOTHERFUCKING NEWS
Henry Cook
What news?
Justin Flores
Bought back in at 7.5k sats. Not perfect, but got myself 24k LINK.
All I have to do now is wait
Julian Parker
Sibos is literally nothing A few poor people having a conference They only allow people who are already part of swift to attend
So its literally just preaching to the choir
Owen Johnson
>They only allow people who are already part of swift to attend You mean like the bulk of the global finance industry?
Angel White
Whales were constantly lowering the price
They will drop it to $0.25 after SIBOS for ultimate weak hand shakedown
Matthew Phillips
>Whales were constantly lowering the price Then how come the price is still around 45 cents? With a very slight uptrend these past two weeks?
