Sergey Nazarov has created a monster & it is dragging all of crypto down with it

[rdbase]

After all this talk with the Winklevoss twins it seems like they duped this self proclaimed "The'Baron of bitcoin" here thereafter to invest into the biggest sh*tcoin of sh*tcoins: Link (LNK)
https://twitter.com/stoolpresidente/status/1294051648533401600
.. then it dumps a billion in a minute.

https://twitter.com/stoolpresidente/status/1295521678831890433
There are his link marines!

https://www.youtube.com/watch?v=b2H-OGAgGyE&feature=youtu.be&t=666 (look at that right at 666! The number of the beast for this project )

ChainLink Navarov gives birth to...

https://www.youtube.com/watch?v=c9rUrnk--VE

Somebody kill it please before it drags all of crypto down with it.

[akopjpuge]

Are you too paid to Fud about chainlink? Blame it to the futures /margin tradings it doesn't contribute to improvements of blockchain but only for gamblers. And of course manipulators.

You just need to focus on what it's building. And you'll be surprise Sergey might be satoshi because there's some evidence like he registered domain like smartcontract.com and I think he's one of  the first one that knows the potential of blockchain

[BrewMaster]

the biggest sh*tcoin of sh*tcoins: Link (LNK)

this is nowhere near the biggest shitcoin

.. then it dumps a billion in a minute.

it has to be worth a billion+ to drop a billion. this shitcoin was worth 0.0016 and is now worth 0.0014. a typical shitcoin pump and dump has been going on where they pump it then unload on idiot newbies.

Somebody kill it please before it drags all of crypto down with it.

is this your first day looking at the altcoin market bro?

[jpnl0006]

"Dragging all of crypto down with it" its just applicable to those who are to an extent no acquainted with the modus opernadi of the system. For a trader, the stablecoin or USDT fiat is his best friend. Only traders in open positions and also in opposite direction of the market can be victims of being dragged down.

[mk4]

the biggest sh*tcoin of sh*tcoins: Link (LNK)

this is nowhere near the biggest shitcoin

Yeap. Let's not forget that master shitcoin a.k.a. XRP still exists.

As for ChainLink, it's once again very likely going to be one of the hundreds and hundreds of shitcoins out there that are only here for a certain amount of time for the "founders" to make money off the project. It's freakin 2020 and for some reason some people still don't realize this. Remember OysterPearl? WaltonChain? Request Network? Nimiq? Polymath? Verge? Dragonchain? Crap, I could go on and on and on.

[Heisenberg_Hunter]

Remember OysterPearl? WaltonChain? Request Network? Nimiq? Polymath? Verge? Dragonchain? Crap, I could go on and on and on.

Oyster Pearl was exactly Bitconnect 2.0  It pumped from a mere $0.005 (I believe) to around $4+ within few weeks of launch and made shitposting bounty hunters as millionaires. All was going really good until end of October 2018 and this is where the real drama started. The anonymous lead developer of PRL created tokens out of thin air and dumped it on Kucoin and ran away with the money  Luckily other developers forked the older PRL coin and it is currently trading for 90 sats per coin.

Do you remember the YAM coin which stirred out great dramas last week? The coin dumped from $160 to $1 within a day after finding out a bug in smart contract which wasn't audited before it was launched. Sorry to say but it was a 160x loss for newbie traders who bought ATH.  As you have said, the list will continue for a few more years until newbies doesn't jump into crypto market with minimal knowledge expecting a get rich quick within few nights!

[rdbase]

^^
And now it's OXT turn with the baron yet again the culprit at pumping that coin up as a crypto Influencer on twitter.
Rather than the usual suspects on youtube who own TA aka. pump and dump channels for these sh*tcoin shows.
He dumped it yesterday if you didn't see the news about it.
And to reply to the one who posted below my OP:
No I am not a paid fud against the Chainlink project.
I can see them as the cause for the artificial pump of alt coins flowing into the bitcoin price when that certain LNK coin started their run up to $20 when it was $7-8 just a month ago.
Because they need to buy bitcoin so to buy these alt coins on the sh*tcoin exchanges, right?
And no, I don't claim to know anything about the alt coin market one bit.
I am just telling as I see it from an outsider's observation on the matter since I am a crypto holder. That being the almighty bitcoin.

[logfiles]

Yeap. Let's not forget that master shitcoin a.k.a. XRP still exists.

As for ChainLink, it's once again very likely going to be one of the hundreds and hundreds of shitcoins out there that are only here for a certain amount of time for the "founders" to make money off the project. It's freakin 2020 and for some reason some people still don't realize this. Remember OysterPearl? WaltonChain? Request Network? Nimiq? Polymath? Verge? Dragonchain? Crap, I could go on and on and on.

Man! I remember Verge 
Right now it's even struggling to make it in the Top 100 according to MarketCap. And then there was IOTA.

As long as new people keep getting into crypto, they will still keep falling for the sane shitcoin crap. They will learn the lessons later.

[FinneysTrueVision]

Hopefully this coin will die and I don't have to see any more stupid frog memes on Twitter.

[NotATether]

And you'll be surprise Sergey might be satoshi because there's some evidence like he registered domain like smartcontract.com and I think he's one of  the first one that knows the potential of blockchain

Uh... WTF? We've been through this a thousand times. Nobody knows his true identity. The ones that claimed to know have been outed as liars.

[bitmover]

As for ChainLink, it's once again very likely going to be one of the hundreds and hundreds of shitcoins out there that are only here for a certain amount of time for the "founders" to make money off the project. It's freakin 2020 and for some reason some people still don't realize this. Remember OysterPearl? WaltonChain? Request Network? Nimiq? Polymath? Verge? Dragonchain? Crap, I could go on and on and on.

Personally, I think that LINK has nothing to do with those projects you mentioned. It is the first decentralized oracle. It may succeed.

Ethereum or any other smartcontract blockchain platform will need an oracle. I don't know if it will be chainlink or any other project, but some oracle must exist. Otherwise, there is no reason for ethereum or ethereum-like platforms to exist.

Imo, we will have an oracle in top 5. It may not be chainlink.
If there is no oracle (or nothing that do what an oracle does), no ethereum.

.. then it dumps a billion in a minute.

Tesla volatility is much higher than that. Is tesla a shit company as well?
Volatility is very common in new technologies. Nobody knows how much is chainlink or tesla are worth. How will they perform in the near or distant future.

TEsla dumping  55 billion in a day.
https://www.barrons.com/articles/tesla-stock-soaring-55-billion-value-spac-51594676350

[mk4]

Personally, I think that LINK has nothing to do with those projects you mentioned. It is the first decentralized oracle. It may succeed.

Ethereum or any other smartcontract blockchain platform will need an oracle. I don't know if it will be chainlink or any other project, but some oracle must exist. Otherwise, there is no reason for ethereum or ethereum-like platforms to exist.

Imo, we will have an oracle in top 5. It may not be chainlink.
If there is no oracle (or nothing that do what an oracle does), no ethereum.

Never said ChainLink has something to do with the projects I mentioned, and I never said that it's guaranteed to fail. I don't like speaking in absolutes in the first place because I could be wrong of course.

My point is that there's a decent chance that this project might just end up like the projects I mentioned— projects that used to have so much hyped that could potentially die down some time in the future.

[DoubleEdgeEX]

Chainlink has a real life use case and collaborations with Google and Oracle. This minor setback is just a catastrophe for tiny "investors" like all those now screaming get-rich-quick lucksters that thought $LINK will go to 100.- USD soon.

[rdbase]

.. then it dumps a billion in a minute.

Tesla volatility is much higher than that. Is tesla a shit company as well?
Volatility is very common in new technologies. Nobody knows how much is chainlink or tesla are worth. How will they perform in the near or distant future.

TEsla dumping  55 billion in a day.
https://www.barrons.com/articles/tesla-stock-soaring-55-billion-value-spac-51594676350

Tesla dumping is from when the CEO says "My company is a shit company..", essentially, on twitter one day and all their share holders to panic sell which causes the stock price to go down.

https://twitter.com/elonmusk/status/1296172030279258119
Some of the comments on these tweets are just pure gold some times.

[Phoenix_PROG]

I can't believe someone really went through the hassles to create such post against chainlink, do you have a thing with the project or team? Or you end up getting crushed while trading this token? Well you have to try harder for people to start believing this shit, stop FUD! Won't help you.

[cryptomaniac_xxx]

I can't believe someone really went through the hassles to create such post against chainlink, do you have a thing with the project or team? Or you end up getting crushed while trading this token? Well you have to try harder for people to start believing this shit, stop FUD! Won't help you.

Lol, why the hate bro, the OP posted it after the fall of the price and all the info he put here can be found all over the internet so there's no FUD just sharing in here. I'm not a holding of this, I maybe late though because it has gained so much already. But If I'm a holder, I won't get mad though, it's just the nature of altcoin market, pump and dump and then you get out in time, no need to hold very much that long.

[rdbase]

@Phoenix_PROG&Akopjpuge:
This is not a FUDding topic as the above member had clearly pointed out in their response.
This thread was intended to open the eyes of those who do not see what is going on with the sudden increase in price of this token due to the pump up in price by Dave Portney the so called Baron of Bitcoin with them making their first purchase of crypto just a matter of a few weeks ago and being FOMO'd into buying LINK by the influencing power of the owners of an exchange where he bought these coins from.
Just look what he did!
Dumped all of it at the sign of panic selling. It is not fudding, it is just an observation by going to their twitter account.

https://twitter.com/stoolpresidente/status/1296858421258526720
Just posted 10 minutes ago of creating this post and people are already saying in the comments on that tweet that has got to be a fake Dave Portney account.

If you haven't already figured it out:
I am a bitcoin maximalist. So a big F to this fud on LNK nonsense.
We will wait until the next all time high of BTC!

Because Broly says so!

[DarkDays]

Chainlink is an absolute plague to the industry, absolute vaporware.

I don't see why it should have a market capitalization anywhere near $1 billion, let alone tens of billions.

I think it's on an incredible bubble pump, and the quick that bubble pops, the better for the rest of the crypto industry.

I think we've seen the last run for LINK, back to the mid-cap it goes.

[hatshepsut93]

If Chainlink will indeed drag crypto down, then it's a good thing, the market needs a wake-up call to realize how scammy the alts are, and maybe then the money will start moving where they are supposed to - to Bitcoin. Bitcoin itself won't be too badly affected, it's way bigger than any altcoin ever, and it never showed any sort of big correlation with alts.

[Becky666]

Hopefully this coin will die and I don't have to see any more stupid frog memes on Twitter.

It may not die as you wished mate, but probably going to remains as a pump and dump shitcoin. There are thousands of such projects around the cryptocurrency space since 2010 and they are still much active in the game of pump and dump. Chinlink has come like others and won't disappear from the cryptocurrency radar, TRON and XRP where there before this monster; and many are still preparing for the game.

Above all, all cryptocurrency enthusiasts should be careful of what they choose to invest or participate in, than following some random poisonous cryptocurrency projects. I choose my altcoins with a sense of human.

[btc_angela]

Just to be fair with Chainlink, technical analysis indicates but it is already into the over bought region. But for some reasons, pump-and-dump groups or someone continue to push it to the limits, thus the bubble burst abruptly and then there are a lot of butt-hurts still trying to defend it, LOL. And look at this, a massive whale $10 million LNK

https://etherscan.io/tx/0x491348c4bf000702951b2af841a66fbc84aab22e9032c087a537dd338af5607e

[DoubleEdgeEX]

It has a real life use case and that´s most important. Besides, to have a special kind of person to put in front of your coin has already wokred out pretty well for Tron or Litecoin.

I just wrote an article about Chainlink that sums up the situation. In case someone wants to read it: https://double-edge.net/2020/08/20/coin-predictions-crypto-forecasts-part-1-chainlink/   

[iv4n]

Losing billions in seconds happened to many coins, it's nothing new for many of us here in crypto. And to be honest we should be ready for this kind of drops after weeks of going up and up. Link was around $3 and it went to $19, what you expected to happen, to stack billions in market cap and to go $30 or even higher? Don't fool yourself, some people decided to cash out at top, and probably these people will get back into the game when price drops. I just checked and it's $15, question is will to go deeper or this is a new bottom? I think we will see Link going down more before it touch the bottom.

[rdbase]

Well if Craig wright says it is a scam then you best believe it is one cause he should know.

https://cryptonews.com/news/defi-dexs-stablecoins-chainlink-all-scam-says-craig-wright-7572.htm

[rdbase]

This DeFi craze has probably caused this major 5.8% drop in the bitcoin price in less than 24 hours.
What is with all this food? Have these ponzi-scheme creators run out of ideas for their coins they just name them after what is on their plate while in front of their screens?
https://www.cryptopolitan.com/defi-hotdog-token-drop-from-4000-to-1

First yam, then sushi, now hotdog tokens. Which I had never heard of before reading this article above.

[(o)(o)ilikeboobs(o)(o)]

There are too many projects that could be in the top 10 or the top 100 and after a while, we may not see them again. This year, maybe a group of people pumped ChainLink as well as pumped altcoins such as Dragonchain, Oyster, Odyssey, Delta ...
It is difficult for this market to know which cryptocurrencies will pump next.
ChainLink cannot pull another crypto down to it, but Bitcoin itself, there should be many altcoins that will be used this year but Bitcoin is not allowed to use.

[Dana888]

There are too many projects that could be in the top 10 or the top 100 and after a while, we may not see them again. This year, maybe a group of people pumped ChainLink as well as pumped altcoins such as Dragonchain, Oyster, Odyssey, Delta ...
It is difficult for this market to know which cryptocurrencies will pump next.
ChainLink cannot pull another crypto down to it, but Bitcoin itself, there should be many altcoins that will be used this year but Bitcoin is not allowed to use.

Most likely this year (I mean 2021) will be popular the same moments as this year. There were no particularly strong changes during the year. The market is quite calm and can even be said to be stable, although this is rather nonsense for cryptocurrencies. However, it seems to me that we should not wait for changes.

[(o)(o)ilikeboobs(o)(o)]

There are too many projects that could be in the top 10 or the top 100 and after a while, we may not see them again. This year, maybe a group of people pumped ChainLink as well as pumped altcoins such as Dragonchain, Oyster, Odyssey, Delta ...
It is difficult for this market to know which cryptocurrencies will pump next.
ChainLink cannot pull another crypto down to it, but Bitcoin itself, there should be many altcoins that will be used this year but Bitcoin is not allowed to use.

Most likely this year (I mean 2021) will be popular the same moments as this year. There were no particularly strong changes during the year. The market is quite calm and can even be said to be stable, although this is rather nonsense for cryptocurrencies. However, it seems to me that we should not wait for changes.

Do you mean to stop hoping for this market?
I think there's a lot of hope as there are many good projects that are running quietly and they are in the process of building code. We need to look back that people are so important in profits that they ignore the rules of the market and create bad things like pump and dump. That makes people lose confidence in the market, I always appreciate the technology and uniqueness of the projects but most of them do not work seriously to the end.

[rdbase]

I received an email from a casino or exchange just a few of days ago displaying the chainlink logo saying they are starting to accept link on their platforms.
I literally threw up a little in my mouth after reading this.
Straight to the trash can folder it went.
I don't know why these marketing teams think everyone would be or want to be holding on this token.
It is just a pipedream just like the defi craze with their yammy yams and sushiy shue.

This is hotdog:

Source
Not hot anymore, isn't it?

Why do you think this is happening?

Its all FOMO. Like you have already said. The Defi craze is like the ICO hype back in 2017. People sees the green candles, daily gains of +100% and more and don't want to miss this race. BUt at this moment, it seems the race is over and we can move to serious projects.

^ ^
Hotdog's chart also looks like an image of a hot dog.

[Bitcoin_bullish]

Somebody kill it please before it drags all of crypto down with it.

None of the altcoins deserve their current market cap valuation. What does chainlink say it does? Provide feeds from centralized servers to blockchains. So it copy-pastes data from internet sources into blockchains.
My question is why would something like that be valued at 5 Billion USD market cap. And why it needs to have a token anyway?

As the rest overvalued altcoins I think that it only went there because of the DeFi nonsense and the greed of investors. They pay already but price will probably go a lot lower.

[Rengga Jati]

Haha, I also guessed that this coin will be promising enough, but seeing the market cap right now, well...
However, is this the biggest shitcoin? because I think that there are so many shitcoins that are more and more dumped and lost down to earth really. Many others have decreased very drastically that makes their holders frustrating. Let's see how some coins in 2017 has very high price and now the price really dumps so highly.
Aise from its shitcoin or not, I fact, the price keeps decreasing. But once more, is it because of the condition of the market today? or really influenced by their statement?

[dikobraz123]

Despite ongoing correction, I believe that we are on the beginning of the bull market. And further we go in that direction - more and more shitcoins will emerge. Remember 2017 - there was a ton of coins nobody remember anymore, but than - XRP is still in top 10. The faith of Chainlink will be determined in next bear market.

[hermawan9416]

A monster? It's more like a harmless mouse. In any case, he can't beat the main projects.

[rdbase]

Some people make use of these defi joke coins after all

https://cointelegraph.com/news/jackpot-user-turns-200-into-250k-thanks-to-a-buggy-defi-protocol

https://twitter.com/A_mplify/status/1302852245059330048

He used an exploit during the rebase process of what happened to the previous bug reported from the yam project to pull a dupe on the chads.
Pretty clever of him to do it just at the right time.

[rdbase]

Chainlink hodler.
This coin does make their users go insane after a while of holding it. *going naked and screaming to buy this fast!*
For example, the betting site owner Dave Portnoy now just after about two months, gone naked and crazy:

Here is a review of how this ponzi will play out..
https://www.youtube.com/watch?v=JpFdurYsoLE
even if he is shilling it because these investors have their bags filled and are just protecting their assets obviously.
What a monster in crypto eating until it gets its fill and just dies.

It does seem like a scam coin. And I know, they have oracle now.

[rdbase]

Haha, I also guessed that this coin will be promising enough, but seeing the market cap right now, well...
However, is this the biggest shitcoin? because I think that there are so many shitcoins that are more and more dumped and lost down to earth really. Many others have decreased very drastically that makes their holders frustrating. Let's see how some coins in 2017 has very high price and now the price really dumps so highly.
Aise from its shitcoin or not, I fact, the price keeps decreasing. But once more, is it because of the condition of the market today? or really influenced by their statement?

IT is the biggest shitcoin. Have you seen the latest inquest about how much of this LNK has been consistently dumping on to exchanges from one address.
They have determined $258 million usd are in possession and have been dumping since it's inception.
This wallet has recently "released" hundreds of thousands chainlink tokens onto exchanges and was found that the one who was FUDDING because of a short they were holding on an exchange wanted it to be dumped back to $0.50 again.
Follow up on Zeus capital and see what their story into this chainlink saga is all about.
You will see what market manipulation is all about.

Defi is but a meme money maker.
https://www.coindesk.com/money-reimagined-memes-mean-money

Based seems to be promising project for all this defi nonsense put into one site...

"Based.Money is a project of the Ghouls, a loose consortium of crypto developers, artists, designers and meme makers. Friday night, the outfit will release its newest project since BASED, the rebasing game dropped this summer during the boom of Weird DeFi.
Based.Money is a game that riffs on Ampleforth’s rebasing mechanic, where it makes a daily readjustment in the supply of BASED tokens, adjusting the amount in everyone’s wallet. It’s a game of optimizing for the right time to get in and get out. "
source: https://www.coindesk.com/based-money-moonbase-defi-fair-launch-movement
If this is what your interested in.

[Shasha80]

I think Chainlink is the same as the other altcoins, when the Chainlink pump price suddenly goes to a price of $ 19, of course it's only
natural that people who buy Chainlink at low prices will sell it. So there's no need to overreact, this also happened to the other altcoins.
Therefore investing in cryptocurrency is a high-risk activity, so always use a stop-loss to prevent our capital from running out. And I'm
sure people who sell Chainlink at $ 19 will buy Chainlink again when the Chainlink price drops again to $ 3. I'm sure many investors are
pissed off with Chainlink, that's why many mention Chainlink as the biggest shitcoins, but I still believe the Chainlink price will go up again.
So in my opinion it is still profitable to invest in Chainlink.

[rdbase]

Sergey Nazarov creator of favorite neighbourhood altcoin ChainLink:
https://decrypt.co/85641/chainlinks-sergey-nazarov-predicts-more-institutional-defi-in-2022

Back in the cryptonews after being MIA for the longest time.
He does look like in the above photo he belongs on a back of milk carton.