How does this happen? What caused the downfall of LINK? Could it just not compete with other alts like XRP etc? Or is something else going on?

>>60719370 (OP)
Chainlink Labs purposefully sells more tokens during periods of high volume (i.e. bullish periods)

>>60719388
checked, ie sergay want big mac

Market makers are focusing on pumping other coins, and retail investors aren't showing interest in this one.

>dude we are the https of crypto!

Have linkies ever considered that just because something is needed doesn’t make it valuable??

water is useful but it’s also free

CHAINLINK HAD A HIGHER PRICE 5 YEARS AGO WITH 45 EMPLOYEES THAN IT DOES TODAY WITH 700+ EMPLOYEES
LET THAT SINK IN FOR A MOMENT
CL LABS IS HORRIBLE IS BLOATED, INEFFICIENT, BOGGED DOWN, AND HAS LOST ITS WAY. A HORRIBLY RUN COMPANY. THE TECHNOLOGY IS THERE, BUT AS A COMPANY IT'S A DUMPSTER FIRE
IT REALLY IS QUITE AMAZING HOW BRAINWASHED THESE STOCKHOLM SYNDROMED SHILLS TRULY ARE TO STILL DEFEND THEM AFTER HOW THEY PAST 5 YEARS HAVE GONE

Are you finally starting to smell the smoke? Kek baggies

>>60720135
Lmfao how many days has it been stuck at 16.94? 9 now?

>>60719370 (OP)
For five years they dumped bitcoin every time bullish Chainlink news dropped and every time Chainlink tried to cross specific resistances.
That’s how.

>>60720889
meds

>>60719462
Chainlink was 17 cents in 2018

The Bulgarians won. Another Euro victory :)

I literally just need $30 this year wnd it's fucking wild that even that may not happen. Completely fucking done with it when i sell.

>>60719370 (OP)
https://studio.glassnode.com/charts/supply.Current?a=LINK&category=&chartStyle=line&pScl=lin&resolution=1month

Its a very simple market mechanism
Offer and demand. Demand for the token < supply of the token.

That last one increases every year by 8% for the next 5 years.

>>60719370 (OP)
TOTAL BULGARIAN VICTORY

Fuck Sergey
Fuck (((Zachary)))
Fuck Chainlink Labs

>>60720896
It's true

>>60719370 (OP)
Well if you adjust for inflation the current price then would be $12

>>60720906
HAVE AN ISSUE READING? LET ME REPEAT THIS FOR YOU
>CHAINLINK HAD A HIGHER PRICE 5 YEARS AGO WITH 45 EMPLOYEES THAN IT DOES TODAY WITH 700+ EMPLOYEES

>>60719370 (OP)
bump

>>60719370 (OP)
Jews.
But also because Sirgay will never release full staking and ackshually onboard SWIFT to use CCIP. If that were to happen, the supply shock from holders locking away tokens and demand shock from needing the token to pay for international transactions would skyrocket the token to 1k EOY unironically, which is why the gay jewish Sirgay will never allow it until the ebul raciss nazi frogs on /biz/ finally capitulate and sell.

>>60723867
Ok let's pretend that we sold and stop talking about it on /biz/. It's time to ignore and sage all link threads

>>60722151
Wrong.

>>60724912
YOU CAN SAY WRONG ALL YOU WANT BUT THE FACTS ARE THE FACTS, KIDDO
https://www.bloomberg.com/news/articles/2020-08-17/-link-marines-are-making-an-obscure-cryptocurrency-red-hot
>AUGUST 17, 2020
PRICE OF CHAINLINK ON THAT DATE
>$16.61
PRICE OF CHAINLINK, TODAY, 5 YEARS LATER
>$16.18
APOLOGIZE AND LEARN YOUR PLACE

>>60720906
he said 5 years ago, you dumb fucking nigger

>>60719370 (OP)
holy shit this coin is worth $16?!?!

I bought a shitton at 15cents I'm fucking rich this is awesome

Premined coins = scam
It's that easy. Price goes higher? They can dump coins for easy money. Price goes lower? They "leak" fake information like Donald Trump's asshole has been using this shitcoin for fecal transactions for a year now and will announce it next month.
It's worth saying again
Premined coins = scam

>>60719370 (OP)
Truly hilarious and deserved. Most toxic crypto community and CEO of all time, possibly aside for BTC maxis. Chainlink faggots are the jews of crypto in behavior and it isn't even close.

>>60720906
The constant and continuous refrain that you always return to is that Chainlink is up from its LAUNCH. It LAUNCHED in 2018. Literally everyone who was here then sold and never bought back because they decided to build the business in a way that disincentivizes token usage in every way and to dump on investors endlessly to subsidize corporate operations through token sales to people who don't understand they are buying something that will never be valuable. LINK is down 70 FUCKING PERCENT from 2021, 4 years ago. 70 PERCENT.

>>60727903
THE RETARDED SHILLS LIKE FISHY WILL HARASS PEOPLE BY SAYING THAT THEY ARE ONLY LOOKING AT A SPECIFIC TIME FRAME WHEN THEY ARE STATING THAT CHAINLINK IS DOWN FOR HALF A DECADE
THE MAJORITY OF LINK WALLET ADDRESSES ARE DEEP IN THE RED

>>60719370 (OP)
Sergay

Betray

>>60727923
100%

>>60728967
>YOU DIDN'T BUY CHAINLINK WHEN IT WAS 11 CENTS LIKE EVERYONE ELSE? SUCKS FOR YOU!!
>HOW DARE YOU POINT OUT THE FACT THAT CHAINLINK HAS BEEN DOWN FOR HALF A DECADE!! YOU'RE JUST CHERRY PICKING DATES!!
FISHY IS SUCH A WEASELLY LITTLE TWERP. HE'S THE DEFINITION OF THE ACKSHUALLY MEME. YOU JUST KNOW HOW WAS BULLIED THROUGHOUT HIS CHILDHOOD

>>60720896
Actually its true :D You can see it yourself next time Chainlink announces something on X. Or see past announcements and get time from those and compare it to BTC chart

Retards forgetting we have more tokens in circulation now.

>>60730573

we're coming up on 20 years of shitcoinery. it feels like retards should stop falling for it, but i guess people still fall for MLM and other pyramid schemes

>>60719370 (OP)
how does a coin become the next ERC standard

>>60719370 (OP)
OP, the answer is hype. Same reason why The Graph spiked up to $2 for a month and fell to ten cents, where it's been there (completely dead) for basically four years now.

Another reason is that token unlocks drive down prices. But the true culprit is hype.

sergey should not go out in public, it's better for him to scam from his room

>>60719370 (OP)
That's why I've dumped for SUI and A.