If whales really are suppressing the price of coins/tokens like Chainlink (which does look to be the case), do they not realise that sooner or later they are going to scare off investors/buyers for good by ruining Chainlink's reputation? People won't buy it because they fear that even with good news, the price won't increase significantly, and that the market is not free to react as it should. The whales will end up bag holding it themselves.
An analogous example would be OMG. Their reputation wasn't ruined by whales, it was mostly ruined by themselves shilling rumours and allowing fake news to prevail. Now, when good news comes out and it should moon, nothing happens, as the market has become cynical and mistrustful, and won't buy. This will last for a long time, perhaps forever: it takes ages to build a good reputation, but very little time to lose one.
Tl;dr do whales not realise they risk ruining their own investment by taking things too far?
What goes through the mind of a whale?
Link needs to be put on markets.
>Their reputation wasn't ruined by whales, it was mostly ruined by themselves shilling rumours and allowing fake news to prevail
OMGs reputation wasnt ruined. There was no fake news. They werent shilling rumors.
Youre just a dumb ass for believing the apple memes made up on Veeky Forums that 99% of buyers would not have known about.
Its called
*more exchanges
I'm tired as fug.
Coins should be valued not based on "news" but on their applications.
in contrast chainlinks limited and mediated communcation channels build confidence
whales do damage it but not nearly enough to stop it once it goes on more exchanges and we have more good news
>implying chainlink wont hit $200 before 2020
you have a delusional positive outlook on your coin. go to the reddit of every crypto and the same delusional argument of "don't worry its only whales supressing the price" takes place. when in reality whales are scared shitless and only unloading a small fraction of their holdings at a time to not cause a panic before they finish selling off their holdings.
What goes on the mind of a whale when he dumps part of his position is what goes through ur mind. I don't think the risks i'm taking warrant the possible profits, I've got better investments i already made enough profit, Lost confidence on the project or maybe he thinks it will sink even lower.
It's not a fucking illuminati conspiracy, You idiots bought into hype.
LINK makes no profit, and won't make any profit in a long time, it will get hyped hard when they finally start working with some financial institutions but even then they won't be making any profit beause they need to adapt existent structures to the blockchain that takes time, even then remeber they hold a large amount of link which can be used for a long time, as of right now the price of Link is pure speculation and as such will be tied to big pumps and dumps as news come out.
Link is a project, and a longterm one too, if Link really achieves what it hopes to achieve then you're buying bitcoin when it was 100dollars.
kek, this is kinda accurate
Chainlink is in a massive bubble. The growth was not sustainable
Read the book of Wolong
this
Lol
Well, they have to try. They shake out the weak hands and buy it themselves to get another 15% out of it. So actually they just damage the small time shrimp investors, which mainly consists of the average hyperactive millennial with the attention span of a fly. They just think they will go 10x in 2 days and nervously sell even after being up 300% as soon as it drops 3%. However the whale plays a long game. They mostly bought in at ICO and probably accumulated even more with all the wild swings, artificial pumps and dumps where nervous guys get shaken out, only to have them FOMO back in again with losses. Works every time.
So as long as the price doesn't dump to below ICO levels they will sadly have no loss and can play the game as long as they want. Whales just don't effectively lose money if they are not really dumb. The only choice as a shrimp is to ride the waves on them and not try to swim against them.
Looking at top wallets your words are utter garbage because they still accumulate every day.
"whale manipulation" is mostly a meme. just look at the order book on chainlink. the price is pretty much dictated by a handful of smallfry autistic biz traders daytrading a few hundred coins at a time. Sure, a few big sell orders come in and create a wall. If the 20+ btc wall keeps shifting up in price, you can tell thats possible manipulation. Other than that, there is fuck all
and that happens all the time. i watch the just like a jobless nigger 24/7 and there are lots of walls beyond 20 to 50 BTC put up and removed over and over again. it is not possible for the average biztard to control the price with his 30k link.
yep true. but they arent there all the time. one got schooled a few days ago, put up 30btc sell wall at a higher price, got stomped by another whale who didnt mind paying more to take half his stack
Muh Deeper Partnership Discussions Muh
Go check that tweet out
I want to put an end to this misconception.
Whales dont try suppress the price what they do is try and create instability in a coin so they can buy low and sell high.
Think about if you where a whale and you could increase or decrease the price of a good coin, would you do it knowing you could decrease the price and buy more and then sell those more at a higher price you created?
This opportunity does not present itself when a coin is only increasing or only decreasing.
Its as simple as that, whales love volatility especially volatility they can create.
Look at link it bounces between 37c and 45c continously, this is on PURPOSE.
Go die in a fire fucking linktard
>he fell for the Veeky Forums skateboard apple meme
fucking aspie. omg will see triple digits in 2018 deluded linktard.
to answer your question. we dumped this 2x man team shitcoin yesterday. missed the top but oh well. easiest 5x
>less than 10 btc
>thinks he is a whale
nope
Look what happened to dnt and zrx a few days after it came out
The delusion part is so true
lol. Its not a fucking "meme"
I've been actively looking at order book, trying to get more LINK.
When i buy up part of the sell walls, they get Increased Heavily.
When i try and put bids up, i somebody undercuts my buy order after maybe 2 minutes.
I trade normal stocks and all this stuff there is done by market makers, aka whales.
my stack is roughly 300K link btw.
do you realize if a product is made for financial istitution you as private investor have 0% possibility to gain and noone cares about you?
link is focussed on getting banks/istitutions running nodes it's very unlikely we will enjoy the run
prove it big boy ;) otherwise u are just a shilling cuck
>When i buy up part of the sell walls, they get Increased Heavily.
Its called supply and demand. if the price is coming up quick, who wouldnt cancel a huge sell order and get more from it for a higher price
>When i try and put bids up, i somebody undercuts my buy order after maybe 2 minutes.
Thats generally what happens when you are just one of hundreds of active traders. its the wild west
>someone who has no idea what they're talking about
LINK is not focused on "getting banks/institutions to run nodes" you dumbass
LINK is focused on getting US to run nodes, getting you, me, and every other autistic cryptocurrency advocate to run nodes
The banks/institutions will then use those nodes, paying US fees in LINK
if LINK were about getting centralized companies to run nodes, it would be centralized, it is about getting anons to run nodes so it is "Decentralized"