UST Luna - The Biggest COLLAPSE in Crypto History

[@mariaqueen2944]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy

[@mikedavis103]

Mrs Lucy and her method works like magic I keep earning single week with new strategy

[@josephcloe2437]

My first experience with Mrs Lucy gave me profit of over $24,000 and ever since then she has never failed to deliver and I can even say she's the most sincere broker I've know.

[@johnnoak9551]

I'm from Brazil, I and two of my friends tried her, immediately we testified her performing wonders

[@scottwilliams1258]

I met her in a conference in Washington DC and after her speech I was opportune to me and started investing Though I started with $1000 but it was successful

[@robertliam6429]

It's been four months since I started investing with her and it's been a great experience I'm happy today because of expert Mrs Lucy

[@arcryptllm]

Agree with your closing. This space is risky, many lesson learn from UST case. Thus, I am still 100% trust in crypto space. Just play safe and careful, then we'll still running amazing bankless life.

[@cryptomatic3571]

Hands down one of the best and well researched videos I've ever seen in crypto. Fantastic job covering this fellas.

[@mbkolesky]

100% they nailed it.

[@Hawk8415]

Thks guys.....we need people like you who are well versed in the field to share your knowledge with those of us who are excited about the new technology but lack the resources to dig in deeper. We especially need people like both of you who have the heart for the people. Fantastic job! Keep it up!

[@Midg-td3ty]

The arb mechanism behind Luna UST acts basically like a turbo and increases the speed of the decline. Thats why algo stables are so dangerous because once the system gets out of balance the mechanism works against you.

[@neonlost]

yup the very thing that pumped Luna reverses once the infinite bids stop it's a leveraging fly wheel

[@russellhamner4898]

Yeah these algorithmic stablecoins are just sketchy all around. The fact that the mechanism to prop up the price is buying a bunch off the market to burn it with a different coin minted out of thin air. You can game prices, but you can't just create value. Stablecoins probably need to be centralized and collateralized with dollars. Yeah that flies in the face of the spirit of defi, but defi and stability don't belong in the same sentence.

[@Midg-td3ty]

@@russellhamner4898 overcollateralized stables actually work. Best example Dai. Exists since 2017 and was solid through every up and down. But those are backed with 150% worth of BTC/Eth per Dollar and have other safetynets on top. Its not capital efficent. But its decentralized.

[@anuzis]

Solid episode. One lesson learned I'd suggest for Bankless: next time you invite two guests for an episode like "UST: Ticking Time Bomb?" the "bear case" participant should not be an active UST holder who cannot articulate a proper bear case against their holdings. Fact is that episode most likely increased the pain retail investors went through this week due to the broad influence of this channel. Been a proud premium subscriber for months, but the choice of guests for that episode stands out as an area I hope Bankless learns lessons from...

[@Desmolas]

I think David and Ryan gave too much respect to their guests. Almost all the way through it, ii picked up about a half-dozen times i said "C'mon, why isnt David or Ryan jumping on that bullshit and calling it out!". But David and Ryan smiled and nodded pleasantly with no major objections to the points made. But David and Ryan i think are trying to establish a podcast that they can get any guest to feel comfortable they can come on to. That David and Ryan will take a more passive approach than engage in a debate about the systems that may make the guests uncomfortable. Its a difficult line for Bankless to toe and they do as well as can be expected.

[@anuzis]

@@Desmolas Well said. I went through a similar experience watching the episode and came to a similar conclusion. At the same time, I'd like to think they could have invited a non-UST holder to make a proper bear case while maintaining a respectful debate. They don't need to play bad cop as hosts if they invite capable guests to represent each side.

[@squallleonhartffx]

PROOF OF STAKE=PONZI

[@kvidal88]

@@Desmolas this podcast probably has the potential to get some big non-crypto guests, so yes they have to be diplomatic. they did warn people, and they used the subtitle "ticking time bomb?" so I felt that was good enough lol

[@caldaman105]

was that turkey analogy really needed lol

[@kidabek]

Always enjoy listening to you guys!

[@spacecowboy3063]

This episode was a wild ride. I really appreciate the tone of Bankless and Daily Gwei because there are real victims here and this is a time to learn and grow.

[@Betonmis]

I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 5.6 BTC in just three weeks, with the trading strategy given to me by expert trader Derek Ross...

[@Betonmis]

[@esmeraldamoises8491]

Thanks for the insights and recommendation, Assets and lnvestment is that tiny Iine that separates the rich from the poor.

[@valer35]

Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment 🤑

[@alisshaaa]

HODLing is the hardest thing I’ve ever done in my life I'm at loss 54% of my portfolio, I'll have contact him to help me

[@ologunkunle]

I used to hold BTC in binance and it really messed up my mental health. So for me, trading daily and taking out your profit is the better choice i have been trading with the help of Derek and the profit is amazing

[@kvidal88]

MtGox took out 20% of the crypto market cap when it blew up, nothing will get bigger than that percentage wise edit: after watching, great episode. you guys called this one, tried to warn people, called out dani, took heat for that.. people need to learn how to spot these personality cult guys. these people are narscists, good at appearing charismatic in public but they'll blow up in private. if someone can tweet out some crap & make markets move, approach with caution. these guys often do have real skills and can build real platforms, but they're not top tier. and they're not altruistic. it's their promotional skills that are top tier, and ultimately they care more about their own net worth, they'll slide out the back door as the band of hopefulls takes the fall. then they lay low, let it blow over, and start up again with a new crowd & a new half-scam. another good example is bitlord. but this is why risk management is so important- never farm it all in 1 contract, never bet it all on 1 trade, diversify, maybe a few non-crypto assets as well.

[@joshuat11]

Awesome explanation guys !!!☆☆☆☆☆

[@captwillard3346]

bought UST on Coinbase at .27c last night. Sold at .80 this afternoon. Beats sports betting. "Collateral" needed to include short positions/ volatility indices.

[@tylerm2676]

Risky but nice return

[@nutrino75]

grats man... u made 50c......

[@justinchastant9246]

@@nutrino75 He bought and sold more than one, duh. More than doubling one's money is fine.

[@StynDc]

@nutrino75: are you one of those people who don't buy btc because you think you have to buy a full one?

[@CJStew06]

That was complete luck on a shot in the dark

[@logipunk]

awesome episode...finally understood most of what happened.....

[@brittanyrearick414]

Loved the video but wth was that Turkey comparison chart? 😂😂

[@Riskninjaz]

Great content and explanation for a complex issue. This complexity is where crypto Needs to change for ubiquitous adoption. USDC/USDT now at 1.02

[@MSJChem]

Thanks for the explanation.

[@tonireedagency5006]

Outstanding content, thank you both...God Bless!

[@dus9746]

Wow what a great vid! I learn a lot tnx!

[@aldedejakds3954]

Can you explain how attacker made $900M? Attacker swapped BTC to UST and then start selling UST with price below $1 so not understanding how they made $900M?

[@PVRS1]

This was the clearest, most concise video ive seen, great job fellas..subscribed, and look forward to learning more from you in the future

[@sherniebuck4660]

The "Mexican Stand-Off" reference is so funny but true haha!

[@michelbisson6645]

Black rock and others seem not stranger to this chaos they do it on gold silver to

[@ralph.aguinaldomd]

The price of LUNA is now lower than UST. The entire Terra ecosystem is good as dead. This is a regulator's wet dream.

[@cloud10property40]

So is near & tron next???

[@Midg-td3ty]

Its possible that someone will rock the boat once there is enough volume to make it worthwhile.

[@duasasebo8583]

Thank you for putting this out so fast. 👏love👏your👏content.

[@schleppyzee2931]

No traders amongst the Lunatic management... almost all assets are correlated when it matters. The only asset that shares no correlation, is a hedge. The correct thing to do, for management, would have been to deploy capital in a short position, on leverage, with a ratio suitable for level of reserves.

[@tensevo]

If you can't deal with lows, you should not be investing.

[@broark88]

This scenario is a microcosm of the situation in which the petrodollar finds itself. If the world stops trading oil in dollars and send them back to the US for bonds etc, the value of US debt will plummet as the Fed tries to save the dollar by unloading its balance sheet. Terra just doesn't have a military or the power to tax. To summarize, any selling pressure on Terra induces selling pressure (through smart contract arbitration) on Luna to maintain the peg, and vice versa. The problem(s) is that each asset has independent sources of market pressures beyond the arbitration function; and that the market cap of Luna is not a reserve pool, but effectively just a summary of its trade history. Thus, causing the price of Terra to fall sufficiently below the peg to trigger other actors to sell will induce a sustained sell-off of newly minted Luna, which will trigger other actors to sell. Then, as the combined depreciation of both assets is being channeled entirely onto Luna to save Terra, but Terra is being burned at a linear rate while Luna is declining in value at an exponential rate; there must come a point at which the maximum redeemable value of all Luna assets falls below the total Terra liabilities. At this point, both assets become worthless.

[@MechMemo]

Wen BANK on polygon?

[@barrydow6059]

I am one of those 70 year old boomers who sees the value in a crypto world; but I also see in someone like Do Kwon an astonishing huburis whose intellect has not been tempered by life exeperience resulting in 50 billion of other peoples money disappearing in forty eight hours. It seems the construct of a crypto landscape is no better than the logic and maturity that went into the creation of the project.

[@baldrickt.adder-slayer287]

Michael Saylor KNEW this was coming. Didn't he just dump a whole ton of BTC a few weeks ago?

[@Mojomanultra]

I only had a little in and manage to get half back.

[@SS-hz4jo]

Thanks fellas.

[@arlo1708]

Thanks for your clear explanation here! Always appreciate your work

[@yellowsponge4327]

Do you think it’s gonna bounce back?

[@arlo1708]

@@yellowsponge4327 it could be. But there are still many potential projects to invest in

[@yellowsponge4327]

@@arlo1708 where do you trade? I need some exchange recs

[@arlo1708]

@@yellowsponge4327 lately I’m into Aqx. It’s a new exchange and going to open beta this month. It has good aspects and low fees imo you should check them out

[@yellowsponge4327]

@@arlo1708 alright, thanks mate. I’ll dmor about it!

[@diobrando309]

They may have ratiod you on Twitter but you ratiod their portfolios

[@sopdfsopdfiopsd]

ty guys

[@bigbonker9864]

Yall are real ones and that's why I watch

[@thaidude]

Stablecoins use fractional reserve which basically digital fiat. Sooner or later they will fail.

[@vincen.3590]

Cryto will come back, alright, but not Luna. The trust is gone. Luna is done.

[@alh59uster]

if It can be attacked - it will be attacked [!!??]- that is the kind of entitlement behavior we require to change. We are talking here the creation of an industry which should replace the corrupt FIAT industry. This is canon fodder for the government agencies who are sitting in the key decision and policy maker positions, this is exactly what the BTC founder wanted to avoid...its disgraceful behavior and has no place in this new innovative industry...its basically greed - nothing else.

[@ifeanyinwowu5948]

$50billion wasn't lost, it was simply transferred to a smarter trader(s)

[@edenbh3609]

Du kown wasn't a scammer. That's just taking the hating side and happy you won.

[@Lex41127]

When you Lend your crypto to exchanges to earn yield, "they" lend your crypto to entities to play games like this, and they pay you that yield to blow up enemies.

[@nicolehines4418]

Wow I didn’t think about people that put their whole life savings into Luna. I’m so sorry that’s happened to you. You can always build back your life and your finances. Give yourself a few days to be upset n angry. BUT set a date n once that date hits tell yourself ok I can’t change the past. But I can create a better future for myself. So my future self can thank me later. Stay strong everyone is living and learning. It’s not a failure, it’s a life lesson. Take care of yourself I believe in you and care about you. Your life is more important than money. 🤍🫶🏼❤️‍🩹you can and will recover.

[@javierhugo5412]

*People grabbing multi-figures monthly as income in investments even in this confusion days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...*

[@albertpitts417]

Patricia collins really knows her way around trading, its evident from her deep knowledge of how the market works, reading signals to perfection, i feel very safe trading with her.

[@markJohnson-kk1hn]

This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,

[@jurgenstefan6682]

Patricia daily signal is top rated and one of the best you could get when it comes to tradinq Crypto..

[@albertpitts417]

You all are kind to share your experience here about Patricia. this shows how much you want everyone to succeed ,she’s the best

[@ambrociochiyo2094]

Great skills and Knowledge about the market, I enjoy full profits and easy withdrawal with no complaints, work with the Best.

[@bobsondugnutt7526]

Just sayin' guys, at 2:15am this morning Tether went down to .94! Back at .99, but O_O

[@jeremywestern7067]

1.remove brain 2.buy crapto “currency” 3.lose yer money 4.cry yer eyes out 5.repeat,you mugs😂♿️

[@mingyingyang7426]

Who have believed what is happening with Terra LUNA, I haven't seen a like this. Saw a video on Crypto Gems channel that explained the technicalities with crypto currency

[@SoundsDope]

This Fall is going to be bad...use the summer to prepare Shemitah year ends Sept 25th based on Hebrew Cal. - was marked by huge negative political/financial events in Sept 2001,08,15 also the year of the Great Depression We'll possibly see a new pandemic food shortage and huge market crash! Repent and get right with GOD (Jesus)

[@SoundsDope]

Look up Shemitah

[@chrisparnham]

Every time we have these crypto crashes there are guys telling us that lessons will be learned right up to the next crash. They never learn. It's about greed and easy money. It's always going to fail.

[@spoonfuloffructose]

THANK YOU to the Bankless guys and Algod on twitter for calling out the extreme riskiness of the Terra ecosystem. I probably would have gambled some cash on this dumpster fire if it wasn't for you guys.

[@myp0h]

So DAI and USDT is better?

[@TehObLiVioUs]

​@@myp0h DAI is obviously best because USDT tether is just fiat based on fiat - TRUST IN US, based on TRUST IN US "government money" - double trust, EW... - DAI however has real hard assets backing it up

[@michalbotor]

3:30 yay, crypto! i'm gonna be rich in no time! 😁 3 months later... whpsh! slap! whpsh! whpsh! 😭

[@ethereumplayer1729]

All….look at the charts at the time this happened…BTC and ETh charts clearly show that the market was laddered down making this a manipulated event. Looks very similar to have AMC was laddered down in 2021 Looks like there was a huge SHORT but against Luna and then BTC & ETH laddered down to force the collapse…whoever shorted made a fortune…my bet is that it was Citadel trying to recover losses from 2021…they saw a flaw in the stable coin and capitalized on it….can’t blame them for it but it screwed everything up…which is why SHORTING should be made illegal..!

[@perfectcircle1000]

Dog eat Dog world indeed

[@tolgachoo1454]

The best crypto channel ; balanced , fair, polite language and so much wisdom and knowledge! Thank you guys, keep up with the good work 🤗

[@peterbardsley2636]

yeah I got wiped out but hey still have food and roof over my head. will salvage what I can and take a holiday from cryto for while.

[@UsSpiritual]

Open Question: Do you think, UST could have been saved if only Terra considered increasing the Yield on UST to 10000%??

[@wolfsden3]

Not so stable 🤣🤣🤣💯. Munger & Buffet are creaming all over each other's faces 🤣🤣🤣

[@ncube2468]

What a great and educated historical piece on recent events in the Crypto world. Thumbs up and subscribed for sure.

[@ThatGuy-ur5cn]

Pulse chain is due to launch mid May and will save us all

[@sr-wn3vn]

cardano will win

[@NickKuzmick]

I am george people are all rekt. He had them all staking luna.

[@rishiraman5263]

The whale attacker made off with the savings of thousands of retail investors. If we have to stand him to trial, there is no legal framework in the crypto universe, and we cannot just depend on code to fend off such attackers. Ultimately we have to fall back on the offline law enforcement system for remedy. It is required to 1]identify the attacker, 2]take back his ill gotten wealth 3] give exemplary punishment, 5] fend off such attacks 6] build a fail safe bail out chain for such crashes involving all crypto stake holders. ie ultimately we do need an online regulator, not an offline one. Time to get the crypto industry on a single platform to figure out the modalities.

[@shmser8401]

“Time to get the crypto industry in a single platform…” Lol never gonna happen. Crypto bros want decentralization. It’s how they keep these scams going. That’s why they hate the idea of regulation. If you want your investments to have safeguards and protection of government law enforcement agencies, then why even get into crypto? Just stay with fiat. But crypto investors don’t want that either. They don’t really want to use crypto as a “currency”. They want to invest in it. Hence, why they are assets, not currency, and should be regulated as such. Also, the “attacker” didn’t do anything illegal. It was just a trade. The platform itself is to blame for being so fragile. Don’t invest what you don’t understand.

[@margarets4610]

Never believe anyone in crypto space. Always research. And put only money you can afford to lose so when these crashes happen, you can still sleep better.

[@mayonaze2g]

yeah dollar cost averaging makes it a little palatable, not much though.

[@Methuselah969V]

The best episode in crypto youtube land going deep into this Terra Luna thing glad I just lost a relative smaller amount.

[@1DaTJo]

The powers that be are probably the ones who killed Luna so they could bring in the regulations they’ve wanted all along.

[@Whale15]

I thought about that before reading this comment. It wouldn't surprise me if it was an attack by a government. 1 billion is chump change for them. LUNA will now be a great scapegoat when passing future legislation.

[@Desmolas]

It does stink of nation-state level organisation and backing.

[@1DaTJo]

@@Whale15 yes. Seeing Yellen jump on this as an opportunity to wield control joins the dots for me. They specialise in false flag events like this, before showing up to “save the day”. So predictable.

[@1DaTJo]

@@Desmolas it sure does look like another one of their false flags.

[@Mojomanultra]

@@1DaTJo where can i get more info about this?

[@siddhartha-1-4-u]

what??? no free lunch??? oh, we are the lunch ;)

[@CithalyBekris]

You make wonderful videos! 👏 I wanted to ask something unrelated: 🤔 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

[@SafirAmors]

Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[@Soferrytiresome]

Not a huge fan normally, but credit to you guys for asking the question about this ecosystem a while ago.

[@charlespatterson8412]

*Chaos Economics* requires a certain mindset.

[@Lolboy83]

You should Invite people to your podcasts that actually understand finance or the detractors of these ponzi projects. It was widely known that Anchor was a ponzi, same for Olympus. Also known that Terra would not be able to manage a crash. Nothing new, just a reality check for the finance amateurs.

[@nicolehines4418]

I am so green I’m neon. Lol didn’t have Luna. Thankful for that. Feels like you are seasoned and know a lot about crypto. Any advice of where I should get information? I’m currently learning how to trade. “ not really using real money yet “. But curious what platform you use to trade. If you are a trader. I appreciate any feedback you’re willing to give me.

[@Lolboy83]

@@nicolehines4418 Crypto is so volatile, that I do not recommend to start with trading. I would rather advice new joiners to learn a bit about blockchain, what are the differences between the layers 1 (e.g. ETH, ADA, SOL, AVAX, COSMOS, DOT) and to actually try them ->meaning using a ledger for DeFi or staking. Then you will be able to build your own opinion. Regarding trading, make an account on Trading view (it is free) and start learning how a market / cycle is evolving, e.g. through the moving average (20,50,100, 200 days). I believe that a successful investor understand the key fundamentals of a technology/market and is also able to read the market/ feel the market sentiment. The goal is that you are able to build your own opinion without looking on Internet for confirmation.

[@nicolehines4418]

@@Lolboy83 thanks I plan to do exactly that. I do understand a little bit about blockchain. If you create a new block everyone on the network verifies it and then accepts it if it’s correct. And they discharge the ones that are incorrect. I plan to learn how to create a blockchain using Java script. Another thing topic that really gets my interest is smart contracts and the potential they have. OK one more question 🙋‍♀️ if you don’t mind. Besides Bitcoin and Ethereum. I was first told about XYO. It’s a geo location network. Kinda like google maps. They have what are called sentinels that track your location or your items. They also give you tokens on their app. Once you get so many like 10k you send them over and convert them to XYO currency to later trade or turn into cash. There’s mini ways to make more tokens within the app… like memory games, boring surveys 😑, collect tokens as you move to each new block. Okay so I’m curious if you’ve heard of it and what your opinion is of them? I know everything this down right now might not be a good time to ask. One of their goals are to have better location systems in place for packages 📦 like you’ll be able to see which truck it’s on n watch it move in real time. Also the largest package disappearances are donor organs and hospital equipment. Isn’t that awful! They get “lost” for many reasons yes. XYO said pre pandemic they’d be getting a satellite 🛰 in space. Which I thought 💭 was promising. I don’t hear many updates as I’d like. Which could be a good or bad thing. But curious what your thoughts were. I do really really appreciate you taking time out of your day to respond to my comments. Thanks again for all the advice. ✨🤍✨

[@powerralley]

This failure was needed. There has been too much stupid money floating around by noobs who think they know everything. It's time for the market to reevaluate their holdings and reconsider fundamentals.

[@squallleonhartffx]

PROOF OF STAKE=PONZI

[@powerralley]

@@squallleonhartffx I would disagree, but welcome your opinion on why.

[@BC-nl9ph]

A-Greed.

[@CJStew06]

Terra was not the fault of the investors. Wake up, the entire model was a scam.

[@vincen.3590]

Damn Blackrock and Citadel teamed up and tripped it. They made a lot of money out of this crisis on Bitcoins that they loaned out.

[@cameronm.2352]

As a total newb, so basically the sum is Terra and it's backing, whatever the %#&! it is/was, over-extended and allowed a pure capitalistic "villain" to destroy a major coin, platform, and player? "But ya gotta shoot first and shoot fast" ..... So the end game story is sell everything 14B in Terra stable coin deposits won't move not to allow a 1B devastating takeover/loss? I'm seriously trying to make sense out of your own words? Just because ALL MARKETS ARE DROPPING SIGNIFICANTLY and Luna wasn't backed by 1B to offset the short, basically? Sum, there is no peg, until the "real money" fake money starts to play the game. How many examples of this type of dollars and cents sell-off are in the currency markets?

[@SgtCrypto]

Wonder how Michael Novogratz is feeling now, with his $LUNA Tattoo?

[@Lee-dm6qd]

his name says it all!!! just saying

[@ryanlarsen9096]

People are so positive it's amazing.

[@yuichiroaoki]

This channel is super underrated.

[@thomasgabel3454]

I was playing the whole video on 2x speed but had to put it at 0.5x speed when they played Vitalik.

[@arbenarben107]

They have just said that they will burn UST and then will burn billions of LUNA also. It’ll go back to $2-3 within the next 8 hours

[@errgo2713]

You guys also hosted VCs shilling ponzi algo stables, albeit smaller scaled, like Empty Set Dollar. You also are culpable of this type of influencing.

[@quangminhtruong4985]

why are they trying to print more LUNA, the circulation supply was 343 million on 9/5, now 1.6 billion coin on 11/5.

[@rickychainz8844]

Everytime a UST is burned, Luna Supply increases.

[@NoneOfyourBusiness468]

Call to "arms" against KZbinrs that are hyping coins with melting face thumbnails. Call them out. Write on their channel's commentary field.

[@isamuatsuko587]

lost alot from ust depeg

[@snatchhog]

I blame Poo-tin. 😏

[@rageoid]

BTC seems like a precarious "reserve" choice of itself, let alone broadcasting said choice. Great episode. "If it can be attacked, it will be attacked." Golden nugget right there.

[@jdnettles2506]

FTX says Hold my beer

[@quadq6598]

Excellent thanks. Whilst watching this LUNA went from $0.0044 to $0.0025 😮

[@phamjun395]

Hello guys! If you are looking for a promising metaverse game this year to play and earn, THE MERA is for you

[@ryanlarsen9096]

The comparisons are often stretched here but I like the George soros comparison. If you think shits sweet and do dumb shit you'll get attacked.

[@chrisbungenstock8552]

Crypto is a scam. That's how we got here lol thank god I only lost a few grand. No more crypto for me. Be smart guys. Good luck

[@digilyfe]

One word...YIKES!!

[@shatangatang]

Unfold as you speak? Dudes, it’s almost like y’all been hiding for the last 3 days, wtf?

[@stephenshanebeaty]

The lunar Foundation should have been backing it with gold

[@jackmaxwell3134]

They could have backed up with anything, a centralized coin stays a shitcoin.

[@stephenshanebeaty]

@@jackmaxwell3134 they're all s*** centralized or not

[@jackmaxwell3134]

@@stephenshanebeaty I agree, decentralized is not enough. We need also that the coin is: - not pre-mined - without unlimited supply. I think we can agree that if you have those in addition to no central authority producing the coins, it is not a shitcoin.

[@myexperiment6639]

LUNA comeback. they already fixed the problem. Able to trade in Binance now.

[@hellothere4342]

If the allegations that a wealthy player has completely manipulated the market is true...why are we not raging about this?

[@namhamada3984]

It’s very sad to see people invest in luna, money can replace but life can’t. Lesson to learn, hope can make money some where else!!

[@pvfeB7Ax]

I can't go to therapy I have too many sexual predispositions that would require my therapist to order a restraining order on me.

[@saucy05]

People thinking a 20% guaranteed return is sustainable…

[@wanderingmako]

Right?! Madoff offered 10% and people thought that was crazy.

[@upon1vp]

Those "people" also include the Biden administration too...lol

[@benjaminmeusburger4254]

@@upon1vp ? how/why?

[@upon1vp]

@@benjaminmeusburger4254 thinking "this" is sustainable. By "this" I mean EVERYTHING happening right now. Remember, "The buck stops here". The inventers of the pkaybook are full of it

[@CJStew06]

@@upon1vp Wow man that's crazy you really broke it down with specifics and everything