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

[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.