OT: Stock trading | Page 142 | The Boneyard

OT: Stock trading

Zionn said:
LINK - I know the Yard loves me (J/K) yelling Next, but LINK is the one thing I hope you all hear me say.
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Screenshot_20210505-153049_Gallery.jpg
 
I believe in LINK and I still have hope for ADA and also HBAR. I have enough in LINK to make a couple bucks but my moon shot is that someday ADA, VET or HBAR will take off. Hodling some DOGE I bought at .03 which got me started in trading but I don't really believe in it. Wish I did though, because my $48 invested is worth $1660 right now 🙄.
 
LIuconn said:
January ‘22 Price target?
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For Link? My safe bet is $100-200. With that being said, I will never think about selling link until explicit staking goes live on their network. In fact, I wouldn't be able to live with myself if I had to tell my future kids I sold link before explicit staking.
 
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Really great breakdown of Chainlink by chainlinkgod if you're interested in becoming even more based. Starts around the 10 minuter mark. Make sure to have a drink it hand for what your mind is about to endure.

 
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uconntoatl said:
For Link? My safe bet is $100-200. With that being said, I will never think about selling link until implicit staking goes live on their network. In fact, I wouldn't be able to live with myself if I had to tell my future kids I sold link before implicit staking.
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I would buy more if I knew what the hell that even is lol
 
uconntoatl said:
Really great breakdown of Chainlink by chainlinkgod if you're interested in becoming even more based. Starts around the 10 minuter mark. Make sure to have a drink it hand for what your mind is about to endure.

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To put things into perspective, you and Scot-e were talking up LINK at 6$ or so. We can find out for sure in the first 10 pages of this thread. I waited and waited, mostly because I had no idea where to even buy it, I finally got in at $17, watched it plummet to $8 and regret not pouring every penny I had into it then before it has 6 times from there. Congrats to all of us who were in early, I think there’s so much room to run from here.
 
Should’ve mentioned $TEL awhile ago. $VET & $MATIC are others to get in on. I mentioned $xdc earlier
 
To the LINK hodlers here, I dropped and consolidated all my alts I bought in 2017 to BTC and ETH back in 2019. Obviously alts have been on fire the last few months, even more so then ETH and BTC. Would the LINK hodlers mind chiming in on why LINK is as good or a better investment then ETH?

I know several on here have been touting LINK since the sub-$8 range so wanted to know some of your thoughts at current price levels.
 
I Bleed Blue said:
To the LINK hodlers here, I dropped and consolidated all my alts I bought in 2017 to BTC and ETH back in 2019. Obviously alts have been on fire the last few months, even more so then ETH and BTC. Would the LINK hodlers mind chiming in on why LINK is as good or a better investment then ETH?

I know several on here have been touting LINK since the sub-$8 range so wanted to know some of your thoughts at current price levels.
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Honestly, I hold both. They both need each other in a way. Chainlink was created on Ethereum, but chainlink is blockchain agnostic. It can be deployed on any blockchain (as chainlink is not a blockchain itself, but a decentralized oracle network). This is why chainlink has over 500 plus integrations across different blockchains like Ethereum/Zilliqa/Polkadot and decentralized finance like Aave and Synthetix.

When it comes to smart contract blockchain platforms like Ethereum, the secure nature of blockchains do not allow them to interact with data feeds that occur off-chain (weather and sports to name a few) Therefore, smart contracts are limited to just the transfer of tokens from one wallet to another.

Chainlink acts as "the bridge" to bring all the data that occurs offline to the blockchain with smart contracts, called "hybrid smart contracts". This allows the automatic trustless execution of sports bets, price feeds, all insurance, so on and so on and so on. Chainlink does this in a decentralized way aggregating the data from different data sources that act independently from one another, thus there is no single point of failure.

IMPORTANCE of the Link Token:

Any person, group, or company that wants to provide data to the Chainlink network is called a Node or Node Operator. Nodes get rewarded in Link for providing an accurate data feed to a smart contract. To ensure Nodes are providing accurate data, the node is required to stake their own link tokens as collateral that they will lose if they provide inaccurate data. Remember though, that these hybrid smart contracts using Chainlink will pull the same data from multiple node operators, not just one. The more value locked into the smart contract, the more node sources the smart contract parties will want to pull from, to ensure a more accurate representation of the data. Nodes prove themselves and the accuracy of there data by staking more link than the next node offering the same data.

So the more different types of data that can be deployed on the blockchain across different blockchains via chainlink, the more and more smart contract uses there are. This, in turn, means more link will have to be used and staked. Also remember, the more value locked into a hybrid smart contract, the more link will be needed as higher value smart contracts will want more nodes to pull data from, therefore more link is used as collateral and more link will be needed to reward these node operators.

Since most DeFI protocols operate on Ethereum, Ethereum is the Grandmaster, but Chainlink is the Beastmaster.

I Bleed Blue said:
To the LINK hodlers here, I dropped and consolidated all my alts I bought in 2017 to BTC and ETH back in 2019. Obviously alts have been on fire the last few months, even more so then ETH and BTC. Would the LINK hodlers mind chiming in on why LINK is as good or a better investment then ETH?

I know several on here have been touting LINK since the sub-$8 range so wanted to know some of your thoughts at current price levels.
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Zionn said:
LINK is just starting.....
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Quite frankly, not nearly as much as some 3rd party Da_Aisijimo_Gou still figuring out how to securely buy and hold LINK. If only Da_Aisijimo_Gou appropriately allocated more time to better understand so many helpful @uconntoatl posts and video links. Baby steps, The_Big_Eskimo_Dog now appreciates it'd be good for a few HK tenants preferring to pay in crypto to pay LINK to some Beastmaster wallet-like concoction versus paying HKD or even BTC.
 
uconntoatl said:
Honestly, I hold both. They both need each other in a way. Chainlink was created on Ethereum, but chainlink is blockchain agnostic. It can be deployed on any blockchain (as chainlink is not a blockchain itself, but a decentralized oracle network). This is why chainlink has over 500 plus integrations across different blockchains like Ethereum/Zilliqa/Polkadot and decentralized finance like Aave and Synthetix.

When it comes to smart contract blockchain platforms like Ethereum, the secure nature of blockchains do not allow them to interact with data feeds that occur off-chain (weather and sports to name a few) Therefore, smart contracts are limited to just the transfer of tokens from one wallet to another.

Chainlink acts as "the bridge" to bring all the data that occurs offline to the blockchain with smart contracts, called "hybrid smart contracts". This allows the automatic trustless execution of sports bets, price feeds, all insurance, so on and so on and so on. Chainlink does this in a decentralized way aggregating the data from different data sources that act independently from one another, thus there is no single point of failure.

IMPORTANCE of the Link Token:

Any person, group, or company that wants to provide data to the Chainlink network is called a Node or Node Operator. Nodes get rewarded in Link for providing an accurate data feed to a smart contract. To ensure Nodes are providing accurate data, the node is required to stake their own link tokens as collateral that they will lose if they provide inaccurate data. Remember though, that these hybrid smart contracts using Chainlink will pull the same data from multiple node operators, not just one. The more value locked into the smart contract, the more node sources the smart contract parties will want to pull from, to ensure a more accurate representation of the data. Nodes prove themselves and the accuracy of there data by staking more link than the next node offering the same data.

So the more different types of data that can be deployed on the blockchain across different blockchains via chainlink, the more and more smart contract uses there are. This, in turn, means more link will have to be used and staked. Also remember, the more value locked into a hybrid smart contract, the more link will be needed as higher value smart contracts will want more nodes to pull data from, therefore more link is used as collateral and more link will be needed to reward these node operators.

Since most DeFI protocols operate on Ethereum, Ethereum is the Grandmaster, but Chainlink is the Beastmaster.
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an excellent and outstanding analysis, yet highly dependant upon one variable, the availability/accuracy of data. whether widely known, let aside understood, or not, the internet has begun it's steady devolvement into 'not www.' the age of 'net confederations' with different protocols/access is now upon us. it should be more obvious any year now. on the udder hand, this financially incentivized model for truth may, in fact, work to increase the availability for it. let's hope so.
 
ClifSpliffy said:
an excellent and outstanding analysis, yet highly dependant upon one variable, the availability/accuracy of data. whether widely known, let aside understood, or not, the internet has begun it's steady devolvement into 'not www.' the age of 'net confederations' with different protocols/access is now upon us. it should be more obvious any year now. on the udder hand, this financially incentivized model for truth may, in fact, work to increase the availability for it. let's hope so.
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I think if you do a deeper dive into the chainlink whitepaper 2.0, they address all of this in greater details. In theory, the accuracy of the data acts the same ways miners act for Bitcoin. It would take an unheard of amount of social coordination to verify bad data across different nodes in an oracle network, as they are incentivized to do otherwise. I believe nodes are required to provide what APIs they are using for further transparency.

Alos, tqke a look at all the patents Ari Juels has in the space with regards to this. We are in good hands
20210506_203240.jpg
 
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uconntoatl said:
Honestly, I hold both. They both need each other in a way. Chainlink was created on Ethereum, but chainlink is blockchain agnostic. It can be deployed on any blockchain (as chainlink is not a blockchain itself, but a decentralized oracle network). This is why chainlink has over 500 plus integrations across different blockchains like Ethereum/Zilliqa/Polkadot and decentralized finance like Aave and Synthetix.

When it comes to smart contract blockchain platforms like Ethereum, the secure nature of blockchains do not allow them to interact with data feeds that occur off-chain (weather and sports to name a few) Therefore, smart contracts are limited to just the transfer of tokens from one wallet to another.

Chainlink acts as "the bridge" to bring all the data that occurs offline to the blockchain with smart contracts, called "hybrid smart contracts". This allows the automatic trustless execution of sports bets, price feeds, all insurance, so on and so on and so on. Chainlink does this in a decentralized way aggregating the data from different data sources that act independently from one another, thus there is no single point of failure.

IMPORTANCE of the Link Token:

Any person, group, or company that wants to provide data to the Chainlink network is called a Node or Node Operator. Nodes get rewarded in Link for providing an accurate data feed to a smart contract. To ensure Nodes are providing accurate data, the node is required to stake their own link tokens as collateral that they will lose if they provide inaccurate data. Remember though, that these hybrid smart contracts using Chainlink will pull the same data from multiple node operators, not just one. The more value locked into the smart contract, the more node sources the smart contract parties will want to pull from, to ensure a more accurate representation of the data. Nodes prove themselves and the accuracy of there data by staking more link than the next node offering the same data.

So the more different types of data that can be deployed on the blockchain across different blockchains via chainlink, the more and more smart contract uses there are. This, in turn, means more link will have to be used and staked. Also remember, the more value locked into a hybrid smart contract, the more link will be needed as higher value smart contracts will want more nodes to pull data from, therefore more link is used as collateral and more link will be needed to reward these node operators.

Since most DeFI protocols operate on Ethereum, Ethereum is the Grandmaster, but Chainlink is the Beastmaster.
Expand ...
uconntoatl said:
I think if you do a deeper dive into the chainlink whitepaper 2.0, they address all of this in greater details. In theory, the accuracy of the data acts the same ways miners act for Bitcoin. It would take an unheard of amount of social coordination to verify bad data across different nodes in an oracle network, as they are incentivized to do otherwise. I believe nodes are required to provide what APIs they are using for further transparency.

Alos, tqke a look at all the patents Ari Juels has in the space with regards to this. We are in good handsView attachment 67301
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Heard.
 
UConnSwag11 said:
My friend said eth needs link not the other way around
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I would tend to agree, but we can't ignore that the link token would not exist without Eth, but for Eth to reach its full potential (hybrid smart contracts) it needs chainlink .

Eth is a company going west to mine for gold. Chainlink is the company that sells all the supplies you need to mine for gold, not only to Eth, but to everyone else as well.
 
uconntoatl said:
I would tend to agree, but we can't ignore that the link token would not exist without Eth, but for Eth to reach its full potential (hybrid smart contracts) it needs chainlink .

Eth is a company going west to mine for gold. Chainlink is the company that sells all the supplies you need to mine for gold, not only to Eth, but to everyone else as well.
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'Chainlink is the company that sells all the supplies you need to mine for gold, not only to Eth, but to everyone else as well.' yes. cf. levi strauss and kali gold rush.
as to 'good hands' and quality of info? well, good luck with that.
here, have sum 'now' headlines:
Yankees and Mets permitted 100% capacity if all fans are vaccinated | MLB | The Guardian
yet
Yankee Stadium, Citi Field To Seat Fans In Vaccinated And Unvaccinated Sections, Offer Shots And Free Tickets – CBS New York (cbslocal.com)
and to think that just last week, i was explicity disallowed to visit yankee stadium. that was fast. looks like they do, in fact, need my money, with 'money' being the operative word here.
 
ClifSpliffy said:
'Chainlink is the company that sells all the supplies you need to mine for gold, not only to Eth, but to everyone else as well.' yes. cf. levi strauss and kali gold rush.
as to 'good hands' and quality of info? well, good luck with that.
here, have sum 'now' headlines:
Yankees and Mets permitted 100% capacity if all fans are vaccinated | MLB | The Guardian
yet
Yankee Stadium, Citi Field To Seat Fans In Vaccinated And Unvaccinated Sections, Offer Shots And Free Tickets – CBS New York (cbslocal.com)
and to think that just last week, i was explicity disallowed to visit yankee stadium. that was fast. looks like they do, in fact, need my money, with 'money' being the operative word here.
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It was always a battle between money and public safety. Just depended on where each individual drew the line.
 
Any recommendations for an online wallet (I have an offline hard wallet) for someone who uses Coinbase as an exchange? I've got enough on the exchange that I want to put it in a soft wallet at least.
 
HuskyHawk said:
Any recommendations for an online wallet (I have an offline hard wallet) for someone who uses Coinbase as an exchange? I've got enough on the exchange that I want to put it in a soft wallet at least.
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Coinbase wallet is good for that, I think Coinbase has favorable to no fees to transfer to their wallet.

@uconntoatl recommended Celsius wallet a while back which is awesome. If you have the tokens/coins they support you can get pretty good interest to hold most there. Currently 6.2% BTC, 5.05%ETH, 3%LINK, etc.
 
Ok, old-ish guy here. Not as old as my avatar. What is the best way to dip my investing toe into blockchain? Let's say I don't want to own a single or a few different cryptos. Are there indexes that trade? Bottom line, I would like to invest in blockchain technologies not try to pick winners on a crypto to crypto basis. Kind of like sector indexes.
 
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