Quote: (10-20-2017 10:19 PM)churros Wrote:
Quote: (10-20-2017 08:12 PM)SamuelBRoberts Wrote:
LINK had the best PR of any coin I've ever seen.
They managed to spin 2 dudes, a whitepaper, and a hint of a business deal into 180 million dollars in marketcap.
Not sure what you mean by they need better PR.
If that's true, what do the developers stand to gain? Did they cash out early on?
In all their communication, the team are openly sceptical and even disdainful of the /biz/ hype. So if that's PR, it's unintentional.
But I haven't been around long enough to recognise when a coin is dying. Is that really what we're seeing here?
Yup, a coin that's been out for less than a few months, that you can only buy on ED and binance, that just went through its first big sell the news event, is dead. It's dying, it's never coming back. MonaCoin, Regalcoin, Dogecoin, Siacoin, BitcoinDark...you know any of these bad boys? All these great projects and many others have a higher marketcap than LINK, yet I'm here to tell you that despite LINK having a lower marketcap than these literal shit coins, its 100% dead.
Just for reference, you can usually expect a 70% retracement from the ATH with these alts once the bubble bursts. I'd say we are getting pretty damn close to the bottom. Give it a few more months before you call LINK dead. Once the bitcoin fork happens and the market as a whole has its next big correction, there's a good chance a lot of the bitcoin profits that people made will go back into alts and they will have a bigger bounce than bitcoin. If its 2018 and there's still no news and LINK is on bittrex and still below all the shit coins I listed above, then maybe we can definitively say its dead.
Remember, you don't lose until you sell. LINK is under an intense FUD campaign right now from 4chan and unless you think you can buy back lower or put your money in a project that will make up your losses and then some quicker than LINK would, I would just hold.
