$ Serious (LINK) Thread - I am one stinky MOFO

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I’ve been looking into link but I’m not sure how viable it is, also do I have to set up a wallet for it? I was looking to drop £100 on my first purchase then probably £50 for a couple months following then just letting it ride from there.

Edit

Lowest value yesterday was around eight dollars before peaking at $8.71 then it seems to just stabilise around the $8.40 mark this afternoon

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I’ve been looking into link but I’m not sure how viable it is, also do I have to set up a wallet for it? I was looking to drop £100 on my first purchase then probably £50 for a couple months following then just letting it ride from there.

Edit

Lowest value yesterday was around eight dollars before peaking at $8.71 then it seems to just stabilise around the $8.40 mark this afternoon

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I threw $150 in just to let it ride and see what happens. I got an Etherium address through a crypto trading site, used that address to buy Ether from a crypto ATM in the back of a local pizza joint and then traded the Ether for Link and I'm just letting that sit in my account on the site. I used Ether instead of Bitcoin because the ATM in question charges $5 to buy Bitcoin, but only $2.50 to buy Ether.
 
Price discovery ALL WEEK LONG, I just bought this shit on it's pullback to mid $6's, my only regret is I didn't shove all my liquidity at it and rebalance crypto holdings.
 
Okay, so I'm a crypto retard so I have to ask. If Chainlink and all the other ERC tokens rely on the Ethereum blockchain to function, why would I buy Chainlink or whatever instead of Ethereum?
 
I'm far from an expert, but I think of it kind of like this:

Autocad LT is a very popular program that is incredibly useful. You need to have Windows to run Autocad LT, but the fact that it relies on another piece of software to run doesn't make it any less useful or valuable.
 
Okay, so I'm a crypto retard so I have to ask. If Chainlink and all the other ERC tokens rely on the Ethereum blockchain to function, why would I buy Chainlink or whatever instead of Ethereum?
If you use Twitter, you've probably seen Twitter ads that claim that LINK is a scam and that you should sell all your LINK. This is because the people running these hold a bunch of LINK and are profiting enough from getting idiots to pump LINK to spite them that they can afford to run these incredibly transparent stupid reverse psychology ads.

If the ads stay up, and LINK dips a bit, no harm in 'investing' in it and selling it as soon as it rises a bit. The returns will probably be better than you would get from a video poker machine.

I am not a financial advisor and you should not gamble.
 
If you use Twitter, you've probably seen Twitter ads that claim that LINK is a scam and that you should sell all your LINK. This is because the people running these hold a bunch of LINK and are profiting enough from getting idiots to pump LINK to spite them that they can afford to run these incredibly transparent stupid reverse psychology ads.

If the ads stay up, and LINK dips a bit, no harm in 'investing' in it and selling it as soon as it rises a bit. The returns will probably be better than you would get from a video poker machine.

I am not a financial advisor and you should not gamble.
Yep; If I remember right /biz/ had a lot of fun convincing Redditors that LINK was a racist ponzi scheme to shake them out of any LINK they had a year or so ago.
 
It's obvious that institutional money has entered at this point and that's what is pumping this. I can't believe I let myself think that the fact only turbo-autists were preaching this coin was FUD and didn't buy until it was in the $2 range.
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