Not gonna lie... I picked up $1k in Luna yesterday, saw triple gains within a few hours. I should've cashed out when I tripled my money. Gut feeling told me to, but I ignored it and decided to chase the dragon so to speak.

Fun times. Even in the downtimes, crypto isn't going anywhere. But, like any investment, never put in what you can't afford to lose.

Yep same shit here, at one point I was up 2-2,5x even but I figured i'd roll the dice. I lost :1orglaugh

Pretty much :1orglaugh

Was a fun rollercoaster ride while it lasted though

May as well just leave it in there, who knows what might happen

Edit: well fuck

Terra priceLUNA
EUR
€0.00007-100.00%

My holdings are now worth $1,57 XD

Can't do anything with it either way at this point lol. Buying, selling, and trading have all been halted. :1orglaugh

You can still buy and sell on Kraken. I'm deciding on if I want to try and save my 64 cents or hold out for a dollar :1orglaugh

What is the outlook for USDT TEHTER TCR 20 as a currency towards random services in the future?

I had 50 Luna. And i bought some yesterday for 100 BUSD around 0.00000700
Now i have more than 15 million Luna. Hoping for a doge moment.

On Binance could convert UST to USDT yesterday and trade Luna/BUSD.
And trading is starting again on Binance.

Looks was good decission to buy several minutes before the blockchain stopped. Should have bought more, went 5000% and now i am even with LUNA. If it goes like this i am billionaire in 2 weeks ;)

Luna is the new Doge.

It's all about the thrill, innit ? ?

They invented Forex trading also as a legal casino. Now waiting for memes like: Luna = The New Doge.

Yes, yes it is.

I threw another $200 into luna to see how well I can play the short game :1orglaugh

Ya'll are some max dgens lol

Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was also halted - https://twitter.com/terra_money/stat...35730308456448

Terra Luna stablecoin collapse explained: Is this the 2008 financial crash moment of cryptocurrency?

https://www.euronews.com/next/2022/0...cryptocurrency

Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000, BTC Down 6% to Start the Weekend

https://news.bitcoin.com/bitcoin-eth...start-weekend/

People on the Terra LUNA Reddit believe it´s over and it won´t recover at all.....
Not sure if I should buy for a few hundreds too LOL
Somehow I think it must be go back over the $1 or $2 at least :upsidedow

They tried printing themselves out of this crisis, up to over 6 TRILLION supply now, Luna would need to more than 10x the Bitcoin market cap to reach $1 at this point :helpme

There are so many transactions now that they might try burn 3% LUNA with every transaction.
And buy more Luna with the BTC reserves to burn. Will it work out, maybe.

I am happy with the last 100 BUSD i put in and went 5000%.
I think the chance for me making nice profit is now bigger than before the crash.

The blockchain must keep running else everything is lost.
There must be big parties that want/have to invest more, else they loose everything.
As long as the blockchain is running and Luna can be burnt, there is hope.

So any logical explanation why it go down?

Going up today

:thumbsup

UST depegged from the dollar, which cause people to think Tether etc was going to do the same and instigated a panic sell, and then stoplosses etc started getting hit causing more selling, more panic, etc. There was no "logical" reason.

Too bad Binance does not sell that. I like buying fallen stuff :)

It sounds like the coins have crashed to nothing, but people are hoping that they will still get rick by buying when its so low.

Perhaps for fun its worth buying a zillion coins for a $1.

But it looks like the crypto get rich scheme is ending all over.

And lets be honest, one suspects if you try to cash out, many firms will suddenly have gone bust, as no one in the right mind is going to give you cash for these pretend coins.

I hope you did not throw too much money at this.

Its probably all gone now.

BTC Still under $30k

The problem is, this is now turning into a sort of pyramid scheme.

I mean by this, the idea was that bitcoin was to be used to buy and sell goods and so on.

Now it is something people get hoping to make money on.

This is how pyramid schemes work. The ones who make the money, tend to be the ones running them or who got in early.

The 'mugs' are those who got in late.

Like a pyramid scheme it is pretending it is something it is not. So with pyramid schemes you may have a product that you hope some other mug will go out and sell and you make the cash. But no one sells the product, only membership.

These coins last longer because selling them is not easy (turning them into dollar).

Normally when shares hit zero, that's it, game over.

But with these coins, they can still keep going even when they are worth, $0.000000001. But then people get greedy and pump in money because they believe even if it gains a tiny value they become instant millionaires, but who is going to give you a few million for coins that are worth sod all.

It is basically greedy mugs trading with greedy mugs.

So you end up with greedy people, who want to make easy cash.

Greed, greed, greed.

May I ask why you are in adult (or really any industry for that matter) if not to make money? Or are you here to give away porn to people with nothing in return, as if you were some patron saint of masturbation?

It doesn't matter if you believe in the fundamental value of bitcoin or not. There is money to be made, and we're all here to make money. I think crypto is BS too, will get banned by the EU due to "electricity wastage" (if that's true or not doesn't matter because all the politicians don't know anything about it but make laws anyways...) but I've cashed out 6 figures on it and still hold plenty.

Every single "the sky is falling" moment has been followed by it bouncing back up (be it after a few weeks, months, or a year). I understand that crypto is not tangible, but right now you can go and buy a lot of things using it directly. Many online retailers accept it, thus you can exchange it for tangible goods. I can go to an ATM machine and take out fiat currency and spend it on food or anything else I want. I can transfer it to an exchange like kraken, sell it and have them bank transfer me the money.

Is it full of scams and shit? Sure, but like I said - it doesn't matter how you feel about it, it's a place to make money and the entire fundamental basis of this forum is people helping people make money (or at least it was in it's prime). People invest in paper gold and silver too, which are just as intangible as BTC. Companies posting absolutely no profits EVER in their entire existence are worth billions somehow. Countries create fiat currency out of thin fucking air, and we have to slave away to earn it. There are plenty of other worse scams out there than crypto.

You don't know what a ponzi is, a ponzi must have a centralized authority who has the power to rug pull. As for "running them" nobody runs Bitcoin as it's a distributed network, and "those who got in early" I bet you consider Apple, Microsoft, Amazon all ponzi's too, because those who got in early get to benefit the most.

DVTimes has been bashing on Bitcoin, usually when it's had a crash, for many many years, since it was a $1000. He refuses to learn the fundamentals of it, thus, continues to hate year after year... a true loser & poor minded. Look at the long term charts and never take advice from him or others like him. :2 cents:

You sure are a top contender for dumbest GFY'er of 2022 :1orglaugh

Problem is, he's actually pointing out Bitcoin as a ponzi which clearly shows he has no clue what a ponzi is or what Bitcoin is. Usually these types that scream "ponzi" are the ones who are too lazy to read, learn or understand it, they base their opinions on CNN/CNBC/FT/etc headlines.

BTC haters, if you want to put away your butthurt grudge and learn something for a change, listen to Lex Fridman & Saifedean Ammous interview:

Hating it hard enough won't make it go away :winkwink:

You know what, this isn't the real DVTimes posting. That guy couldn't string half a sentence together with, at least, one spelling error. He also wasn't as articulate as this imposter.

Yes so true. Everyone started to buy coins and after it became so popular the price went to the sky.

Remember this date & time, you have heard of Bitcoin but refuse to learn it.

Years later you'll be hating on it because the price has gone up, and you'll feel it was unfair, and only lucky greedy people are gaining from it, yet they took the time, to learn the tech, understand the economics, and tuned into the building on it.

Ignorance doesn't pay.