Had the perfect storm of things happening in my personal and professional life the last couple months that have taken up the entirety of my free time, but things are finally calming down so I'm excited to be back and able to talk about the markets again!
I wonder how history will reflect on SEC, FTC, US/EU legislature, spending 4 years focusing every waking minute on crypto, while "open source" AGI was being made under their nose. People without jobs will probably have a fair amount of time to think about it.
Great question and great answer. The LINK community is great, and made greater by understand both its enormous upside but also understanding the alternative scenario. I am so bullish on LINK not because I'm over invested, I'm bullish because of what it does. Removing that emotional component is what a lot of people need to do.
$LINK looks like it needs some more time before attempting another leg up.
Its Trend Confidence Indicator continues to trend down, which typically signals the beginning or continuation of a period of correction/consolidation.
We'd like to see it start to trend up before getting too hopeful of another rally starting. #Chainlink
One of the better analysis showing the correlation between usage of LINK & the price of LINK was done by @Jay_DCA a year ago.
The majority of use of Chainlink services & price action to this point has been based on one service - push based price feeds. The game has been reset.
@JayRohrer3@nullpackets yeah that's a good idea! I'm absolute shit at coming up with video ideas. An update would definitely be a good idea for this, especially considering I released the model a few weeks later.
@nullpackets I forgot about this one, when I released the model for it, people were malding because price was in a sideways trend for the prior year, even though the model was saying it was undervalued (it tripled a few weeks later, but once a malder, always a malder)