then short it
oil not needed
>>62476149oil companies are neededbut the oil itself is not
>>62476368>>62476149/biz/ is fucking braindeadyou would be a fool to take advice from here
This is who OP is referencing btw. If you had listened to this indian since the start of the war you'd have been rinsed many times over.
>>62476138Oil is the real base layer physical commodity market and absolutely is being manipulated and always has been, particularly brent crude which is not even real delivery. link is not being suppressed, you literal fucking retard. Lol The market is downstream macro and global liquidity events exogenous of crypto which feed into it but you are a RETARD if you think pricing mechanics don't change functionally, fundamentally on the basis of real utility being allowed and used. We are not always going to be a random speculative niche, and XRP specifically is well situated for this. It doesn't mean clarity will send the price up the second it is signed but it will absolutely be a necessary doorway to the kinds of change we need to have real systems migrate so they don't get fucked in a future admin agency guidance and fed direction etc. and the fact it is happening already has banks preparing so they are not late to the ones that do. You have a point very very narrowly but are wrong in the grander sense and in the specific sense about price not being affected by news as described by the two things mentioned even using your own example of the lawsuit both at the launch and resolution of it. You are blackpilled by uncritical impatience and it is affecting your analysis.
>>62476556LINK was the blueprint. They are now using the same technique on OIL.
>>62476138It makes complete sense, Chainlink is digital oil.
when link explodes can you guys make sure to let me know i dont check the price or this board anymore even though i hold it thanks
>>62478207You are so delusional it is unreal. Oil is the foundation resource (excluding major currencies) of the global economy and it has been manipulated for decades before link was issued, alongside gold and silver. You are insanely young or stupid and cult minded.
>>62476149thisoil has no use case
>>62478444$444 EOY
>>62476138The reality is everyone knows an economic crash is coming next year and oil will dump to $20. It's not being manipulated, everyone just wants to sell their oil as fast as possible.
>>62478281more like digital shit
>>62479131You're so autistic man, isn't there a pill you can take to become less of a sperg?
>>62476138
Reminder: crypto was just practice before everything is tokenized and bots turn it all into a scam market
The oil industry goes through cycles. When prices are high, it makes it economically profitable to drill new wells and then everyone starts pumping as much as they can to make as much money as they can. If economic growth is good, this can create a balance between the oil being produced and the growth fueling the economy, but if growth starts to lag or if oil production simply outpaces it, then there starts to be a glut and oil prices drop. This is where were were at in the cycle prior to the Iran war. When this happens, the cost to run many wells exceeds what they can get from the oil so they have to shut them down. Then the glut gets worked through, prices go back up and the cycle begins anew. The Iran war has massively distorted the normal cycles. The glut we were supposed to work through slowly and steadily as wells went offline here and there has been burned through. Oil producers got higher prices for a while allowing them to maintain output at profitable levels for a while longer, but the gulf states got fucked. They will have to start capping wells because they have nowhere to put their oil seeing as how it can't get out of the strait. Strategic reserves will have to be replenished after this, so prices will remain high as government replenish their reserves. The one unanswered question here is how much of the glut prior to all this came from a faltering economy. If the economy was already bad, then having the glut burned through quickly combined with strategic reserves buying, the price of oil will be too high to support the economic recovery that will be needed. The fact that the price keeps going down again no matter the supply shocks suggests there is actually demand destruction on a massive scale, probably because China is having a recession. That will drag down the global economy into a recession if it hasn't already.
>>62476138>>62476492A large chunk of the IRGC's online useful idiots are just leftist redditors who hate Trump, who also gamble with options and futures WSB-style, and they've been going all-in on oil futures ever since the war started, and getting their face ripped off over and over.Since these people 1) hate America and 2) are gamblers, you can (and should) mock them as much as you want, since they're bad people who deserve to lose money.
>>62481655ok trump bot
>>62479564Oil is the bedrock commodity that literally fuels the entire planet. Linkjeets on the other hand solves nothing while simultaneously does nothing.
>>62476138>CFD's on WTI Crudefound the europoor
OILSHIT
>>62476142Wait for weekly close its at a bearish fvg then if we wick here I’ll short with 20k
>>62482031need a hammer fist to print too so 2-5 weeks total
>>62481784I just learned that there's a name for this trade>NACHOAn obvious play on>TACOAgain, a bunch of leftists stupidly mixing money & politics, and gambling in the process, who absolutely deserve to lose all of their money, to the point that their "partners" no longer let them watch as they get plowed by Chad or Tyrone.
>>62479564Being right and substantive is not a bad thing unless you are a useless eater struggling to exist between goyslop appointments. I am not autistic, you are just REALLY stupid and cooked
>>62482927Being this obtuse and unable to recognize sarcasm really points towards autism though. Being substantive while missing the point only adds to that diagnosis.
>>62483204I think you are mistaking genuinely valid expectation for how link investors think for my own obtuseness. There is a guy who posts in almost every thread a picture of the time CLL announced their partnership with the DTCC and the bitcoin price. They post constantly that the broad market is tethered to maintaining the price ceiling of link's suppression. My reading you as earnestly intended is not even remotely irrational or unnuanced.
>>62483815>picture of the time CLL announced their partnership with the DTCC and the bitcoin priceyou mean this one?
>>62483815>>62483825or this one?
>>62483815>>62483825>>62483844or maybe you were thinking of some of the Swift ones?
>>62476149kek
>>62476149>>62476368>>62476402BOOOOOOOOOOOMM, SO BULLISH OIL!
>>62483825>>62483844>>62483855beautiful charts my dear, unfortunately bloody benchood bitcoin whales are suppressing the chainlink crypto
