04-19-2020, 01:33 AM
ChainLink (LINK) dump incoming?
<!-- SC_OFF --><div class="md"><p>Two days ago i was reading this post:</p> <p><a href="https://www.reddit.com/r/CryptoCurrency/comments/g2cswj/chainlink_is_the_most_overvalued_cryptocurrency/">https://www.reddit.com/r/CryptoCurrency/comments/g2cswj/chainlink_is_the_most_overvalued_cryptocurrency/</a> </p> <p>I also found this post where you can see how developer started dumping huge amounts of LINK token when LINK reached the same BTC price where we are now.</p> <p><a href="https://www.reddit.com/r/Buttcoin/comments/cnnlj9/chainlink_devs_unexplicitly_managed_to_sell_the/">https://www.reddit.com/r/Buttcoin/comments/cnnlj9/chainlink_devs_unexplicitly_managed_to_sell_the/</a> </p> <p>I agree with everything said in the previous posts so i searched for developer address which hold at least 65% of supply. In last 24-48 hours i noticed large coin mixing from one address to another what is probably done to prevent sending coins direct to exchanges. Right now we are at the peek of the pump and it seams to me that he is preparing for another dump.</p> <p>Now when we have derivatives and we are able to short altcoins with leverage, this could make us a lot of money if we open position before he start to dump. On March 12 the price went from $3,80 all the way down to $0,0001 so while this is probably the most overpriced coin, its also the coin that can dump to zero in 24 hours since we already seen this a month ago.</p> <p>Any thoughts?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Two days ago i was reading this post:</p> <p><a href="https://www.reddit.com/r/CryptoCurrency/comments/g2cswj/chainlink_is_the_most_overvalued_cryptocurrency/">https://www.reddit.com/r/CryptoCurrency/comments/g2cswj/chainlink_is_the_most_overvalued_cryptocurrency/</a> </p> <p>I also found this post where you can see how developer started dumping huge amounts of LINK token when LINK reached the same BTC price where we are now.</p> <p><a href="https://www.reddit.com/r/Buttcoin/comments/cnnlj9/chainlink_devs_unexplicitly_managed_to_sell_the/">https://www.reddit.com/r/Buttcoin/comments/cnnlj9/chainlink_devs_unexplicitly_managed_to_sell_the/</a> </p> <p>I agree with everything said in the previous posts so i searched for developer address which hold at least 65% of supply. In last 24-48 hours i noticed large coin mixing from one address to another what is probably done to prevent sending coins direct to exchanges. Right now we are at the peek of the pump and it seams to me that he is preparing for another dump.</p> <p>Now when we have derivatives and we are able to short altcoins with leverage, this could make us a lot of money if we open position before he start to dump. On March 12 the price went from $3,80 all the way down to $0,0001 so while this is probably the most overpriced coin, its also the coin that can dump to zero in 24 hours since we already seen this a month ago.</p> <p>Any thoughts?</p> </div><!-- SC_ON --> Kind Regards R