How This Man Just Caused a $45 BILLION Crash [Terra Luna]

Do Kwon thought he could rule the crypto world with Terra Luna, instead what followed was the largest failure to occur in the crypto space.
Correction at 1:58 I showed the screenshot of the wrong project, it's supposed to be 'Basis Cash', not 'Basis Markets'. Sorry about that.
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Sources:
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www.coindesk.com/business/202...
www.bloomberg.com/news/articl...
www.coindesk.com/layer2/2022/...
www.euronews.com/next/2022/05...
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[@ColdFusion]

Through The Web Podcast episode where we discuss this story: kzbin.info/www/bejne/jmGxhHaenrKUe8U

[@secretbassrigs]

I thought this was about China's real estate market 😂

[@uncletan888]

Binance have KYC. Such a big amount sold cannot be anonymous. Why Binance CEO keep quiet?

[@cgokey5491]

so this shows that this was really a ponzi scheme

[@goldsilvervscrisiscollapse4320]

You're wrong though. It wasn't this one man's fault. It was wall street giving him credibility. It was the media pumping up his visibility. It was the complicity of all those who got in early on his pyramid scheme and it was the very destiny of almost every crypto, if only people knew what a Ponzi scheme was

[@buggaoff8160]

'Safe' 'risk free' in crypto? umm I don't think there is a single person that knows anything about crypto would say that.

[@dwj77]

20% returns, virtual risk free? The term “too good to be true” is a massive understatement.

[@CristanMeijer]

Yeah, with compound interest, this means you will going to get your money back 38 fold in 20 years. And not just for you, but for everybody holding the coin which totals billions of dollars. No matter how you spin it, that is going to fail

[@IVANOOZE69]

Cosmos has an 18% yield in Exodus wallet. I've seen some pretty nice gains over the last couple years.

[@0jas.]

I think the idea was not wrong but it was not completely error free.

[@joelwillems4081]

@@0jas. As the above person stated, you are "investing" in a ponzi scheme. There is no value in it at all. Literally zero. If you did a balance sheet analysis of this idea, it would always show nothing in assets. The only way it "makes' money is being getting other suckers to put in money. You might think there is strength in numbers and that combined interest will keep it afloat. It has never happened in history to this point.

[@jupiterjones3789]

And you could withdraw the money at any given point - fixed returns, high returns, low risk and you can withdraw the money at any point? You don't get more than two of those in normal circumstances

[@tommykarrick9130]

“There’s entertainment in watching companies die” There sure is Do Kwon, There sure is.

[@Hew77]

lol Don Key got it strainght up his ass lol

[@transfanatic]

Its been a ironical farce watching your company literally disappear DK

[@TheCeki1982]

Nothing in life is perfect and everything comes to an end. We can say that after us there are happenings or misdeeds ... they will come to an end someday. My thoughts and opinion. And yes, watcing how big companies die ... fun.

[@foto21]

Ummm yeah, revenge is a serious motivator in some cases. UNfortunately most people are smart enough the costs of revenge.

[@jeremytheonlyone]

He already tested the cycle of this ponzis in many forms and his last big shorts is on this huge fast project. Look at his body language you will know he is giving signals to people he already involved with.

[@nukingitout7591]

“The biggest crypto disaster of all”… FTX has entered the chat

[@madhatterwonderland4834]

There's no biggest, only bigger and wider impact disastrous financial collapse as time move forward.

[@mademsoisellerhapsody]

@@madhatterwonderland4834 2029

[@kabilannedincheliyin8094]

@@mademsoisellerhapsody Time Traveller, is that you?😂

[@lordfarquard9902]

@@mademsoisellerhapsody 2024

[@IcuJustKon]

​@@lordfarquard9902 2001

[@Psiros]

Kwon: I just destroyed so many life savings. SBF: Amateur. Kwon: What did you say? SBF: AMATEUR!

[@fenco_gbp]

Talk to @RyanMossley he will help you get justice served and recover your funds. My profile carries his name ☝️.

[@NEXTGENCOMEDY4XBOX]

This was way worse than sbf

[@mandeelyn6895]

Elizabeth Holmes: You guys are adorable

[@ArielGonzalez1]

@@mandeelyn6895 bernie madoff: what did you say??

[@weishi5286]

Fed: 💵

[@indicabadu5020]

My cousin was heavily invested in Luna, he had all his savings there. I had some financial issues two months ago and asked him for help, he was reluctant at first but lent me almost half of what he had there. He called me two days after the crash thanking for needing his help, although he lost the rest of his savings he knew he had some safe with me. I just paid him back two days ago and he called to thank me again this morning.

[@Theseus.]

What kind of dipstick puts all of his savings into crypto or stocks?? There’s nothing that’s too big to fail. Was he living under a rock around the 2008 crash?

[@bobbabscoobydoo7115]

@@Theseus. yeah honestly your friend is pretty dumb ,you don't put all your money in a cryptocurrency just cuz someone says it's risk free,there is always a risk that how you can gain and how you can lose

[@dank2112]

@@Theseus. a lot of investors don't know their fair share of economics history... I feel like this will happen with any generation unless economics becomes a mandatory subject

[@endoetz]

lucky for him.. sad to see many people lost their money. some lost millions, some had their 50k reduced into 2.5k because of his unstable coin UST, some not so "lucky".. so sad..

[@tetrakoop]

@女の子 yt wait wut?

[@yourdadhasadogfilter2505]

I'm no financial expert, but whenever I hear about such high returns, alarm bells go off in my head. To pay out that much, there has to be some sort of 'robbing Peter to pay Paul' sort of stuff going on

[@bigbiscuit6751]

Exactly

[@Quickxote]

High return means high risk too unfortunately

[@rickrolled3666]

kzbin.info/www/bejne/pXTdgnqepsyIoZI Finally it's here

[@TheProperMinter]

in thrir defend what they are doing is the same US and EU governments are doing. just it is much more difficult to break them than Terra, but Soros did so

[@tsYeng]

The sad thing of "robbing Peter to pay Paul" is "Paul" is everywhere on the social media showing off how successful "Paul" was. That's why Utube ad is very annoying.

[@comedyman4896]

To this day, the most valuable lesson anyone has taught me was when my dad told me "If something looks too good to be true, it probably is"

[@Slymbeaux]

That's so cool. I think I've heard that saying before and never knew your dad was the one that made that up. People will be quoting him for years to come.

[@MTK90]

@@Slymbeaux its a quote written so long ago and his dad just used this quote to teach him. He missed typing NOT at the end.

[@jerkhops3867]

@@Slymbeaux you sound like a pedantic nerd

[@thiagosihla9827]

true, scammers and colluders are really scamming rich people and unfortunately the most vulnerable are working class people top earners dont feel much Im sorry to anyone who lost

[@willchenners8018]

he didnt teach you much

[@hermanvisser4034]

ColdFusion, your channel must be one of the few absolutely premier channels on KZbin. We are fortunate to be able to watch your content.

[@prettypuff1]

This channel makes finance approachable. The explanations of complex market rules are clear and easy

[@Twiiidy]

It feels amazing watching a thorough historical documentary of an event that happened THIS MONTH

[@itsvmmc]

Feels even more amazing actually experiencing it :)

[@MTOcreations]

@@itsvmmc 🥲it hurts lol

[@getonthecrossanddontlookba5004]

Repent to Jesus Christ “And my God will meet all your needs according to the riches of his glory in Christ Jesus.” ‭‭Philippians‬ ‭4:19‬ ‭NIV‬‬ hh

[@toro_bravo9420]

Lol, yeah movie is next

[@rohankurian5641]

😂✌👊 this day you mean 😇

[@randm4246]

Do Kwan actually saved me thousands of dollars. I was very close to shifting the money I had in Bitcoin to Luna when it was at about $110, so I started to do some research and reviewed his Twitter account. When I saw how he responded to legit concerns about his project with childish insults (calling people poor) I knew right then and there I did not want him managing my money. If he can't defend well thought out and reasonable concerns on Twitter, how could he defend his peg when it was under a brutal attack. So glad I passed.

[@VibeCheckerzz]

Having a brain helps avoiding stuff like this

[@ShredderGamingSub]

Good job on doing the research. I basically did the same but I did not like the stable coin.

[@themercifulguard3971]

This guy shorted

[@KashWill9]

You dodged a serious bullet my guy!

[@tetrakoop]

why the fuck would you think luna has safer coding than bitcoin? lol

[@cyberherbalist]

Just for lark (because I'm not stupid), I put $100 into Terra Luna, and a few months later it had gone up to $1400 or so. I was pretty pleased with this, and wondered how high it would go from there. And then suddenly it was gone. Oh, well, I've paid $100 for useless crap before, so no big deal. It's nice to finally hear what happened. At the same time I put $100 into Bitcoin just to see what would happen, and of course it's worth about $27 now. Now I'm stacking silver and gold coins. Might not go up insanely, but at least it is likely to preserve wealth and not turn into vapor.

[@nurlindafsihotang49]

Yep. In all my years studying economics (all and it's history), golden rule in investing "read the wind", and " if you heard it everywhere, the windows for great return of investment are gone, prepare to crash". I am sad for those whom lost their savings. Seen it in 98 in asia.

[@MandyWoodArtist]

You seem to have good ideas what to work out what to get into, just learn when to get out. The stop-loss orders can be preset.

[@tachtruth]

Maybe golf clubs will suffice in a financial crisis,

[@cyberherbalist]

@@tachtruth - Yes, maybe for self-defense.

[@OttoPollmann]

if the digital currency is coming your Gold and Silver will be worthless because nobody can or will convert it back into a digital currency or goods, ergo nobody will give you anything for it, its just a chunk of metal. In Germany you have already a cash limitation of 10K where the banks requiring a proof of origin and if you think, never mind I will just change smaller amont, if you doing this to often this will also trigger some alarms. Denmark is virtually cash free. WEF, Klaus Schwab, you will own nothing and you will be happy. Welcome in hell.

[@raulmontr]

Launching a Terra 2.0 after the first one crashing so bad is like if at the end of the FMA B journey, Ed and Al decides to revive their dead mother once again 💀

[@whatspp3327]

❤️❤️👆👆Have a great day , tell Expert Jim I recommended you to join the team for a profitable and costed strategy, thanks for your rewiew✍️❤❤❤❤

[@peteramie]

The funny thing is stupid new people will pump money into this new ponzi. Then 2.0 will collapse into 3.0 and 4.0 and so on. People are just creedy

[@frost171]

FMA ez clap

[@0xander_]

Do Kwon: “There’s entertainment in watching companies die” Fate loves irony!

[@munkvlog245]

I've never heard or seen any of Mr Frederick clients complain of lost....I think he's just too perfect.

[@senatorrandpaul4807]

Wonderful! It's great to see others who also benefits from the service of Mr Frederick, I'm currently on my 6th trade with him and it has been a nice experience.

[@santiagojonathan7620]

I'm definitely going for a long term trade this season

[@user-ci9jf7ck7m]

@Jefferson Benson i wonder how he feels now😂

[@oozly9291]

@@user-ci9jf7ck7m wdym?

[@gsofficial]

Here's the only financial lesson you will ever need: If a financial instrument gives you the feeling that you finally have this whole money thing figured out, get the hell out of there.

[@placeholderdoe]

“If you feel like you know something about money get out” that’s brutal but true honesty

[@RSI24]

I figured out the money thing. It's called hard work.

[@Bhodisatvas]

Also if something ends in 'coin' then run.

[@Dogpool]

@@RSI24 good one. I’ll tell that to the immigrant farm workers. Just keep at it, this is how money works.

[@74KU]

@@RSI24 Wrong unfortunately, in some economies the harder the average person works the worse off they are through the tax system. Money is slavery, you can't work it out, you cant climb up. The reason we cheer on and take interest those few who do rise above it all is because they are exceptional, not the rule.

[@RadioUgly]

I remember years ago everybody 'Bragging' on Social Media that they were gonna be Rich and we could all 'stay Poor if we wanted to.' I never trusted it. I kind of figured something like this would happen. I like my Money REAL and in my hands. I'm Old Fashioned.

[@ronskancke1489]

It got really old listening to all the blowhard crowing about how much money they were making off bitcoin and other cryptos. And we were all stupid for not jumping in. Well, I still have all of my silver.

[@luvsilly60]

Pretty sad when people lose everything over a token and others make money shaking on tick tock.

[@jeffn9952]

Money doesn't have value if people aren't producing something that we all want in exchange for it, a.k.a earning it. Nobody bragging about short-term speculative gains is giving their money value, so it's just a collectible. If the dollar collapsed, are those of us who actually produce wealth going to kiss crypto holders' a**es for some of their "money"? Absolutely not; those of us with skills and a desire to be a part of something greater than ourselves will continue to produce value, and trade with each other, with no currency at all - until a new currency catches on that rewards the right kinds of people. Where do crypto holders fit into this equation? They don't, and they'll be begging for scraps - in their best case fantasy situation where the dollar actually fails.

[@burgerjointgame]

Brilliant documentary about Terra Luna! It's so sad that crypto - which is highly risky and complex - seems to appeal most strongly to the least sophisticated investors who really have no business messing with it in the first place. They are like lambs to the slaughter. From that perspective, the marketing for crypto is next-level genius. It's taking something terrifyingly risky and making it appealing with futuristic slogans and artwork.

[@thierrydebrunhoff5869]

Hehe that's why it's so lucrative

[@EricAjimine]

The documentary never talks about how Do Kwon himself pulled out millions for himself. Maybe his company is kaput, but he walked away with millions regardless. Same with Mashinsky. The last one holding the bag is the loser. I guarantee the same with SBF. They all siphoned millions to billions for themselves.

[@qjtvaddict]

That’s why we need better paying jobs

[@thomasherrin6798]

It's the greed factor!?!

[@DucatiPaso750]

@@thomasherrin6798 it's also FOMO: Fear Of Missing Out.

[@_swork_]

The ego of Do Kwan was massively understated in this video. Multiple tweets to Do explaining exactly how this attack could unfold beforehand were met with Do saying he "dared billionaires to try" and mocked people on twitter saying 'have fun staying poor." He literally invited this attack. And Terra was planning on buying $10b worth of BTC to back UST which would have severely impacted the entire crypto market when he market dumped BTC to try to save UST. He's in a video saying his plan was to acquire that much BTC because if UST failed, the whole crypto market would fail....essentially looping the entire asset class into his ponzi-nomics.

[@ShkippyPeanutButter]

I'd say that's all anger talking, who wouldn't be pissed losing a lot who was heavily invested in their proj and bet all of their faiths in it

[@lezliewhicker8450]

@@ericalorraine7943 I'll suggest you lookup Priscilla Dearmin-Turner, she's now our real investment prodigy since the crash and have help me recovered my loses

[@davidhudson3001]

A CNBC news host spoke so highly of💕 Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since

[@jewellwalker9808]

@@lezliewhicker8450 Thank you for the information i just lookup her name online and found her accreditation on FINRA and SEC, she seems really solid. I leave her a mail on her webpage🙏

[@dr.ervingalen1777]

I paid off $892000 loan within 9 months, all thanks to Madam Priscilla! So happy we are finally onto baby step 4, 5 & 6! Amazing! 🇨🇦

[@andrejsasd8904]

1) There's no such thing as a "risk free investment" 2) Never invest and/ or lend money you can't afford to lose

[@masok600]

Common sense aint' so common...

[@Mezha07]

this is so common to have when it comes to investing but some people tend to ingore this for the chance of being insanely rich without much effort and that comes to bite them back very hard and i still find it shocking that some people even invest using life savings instead of money they're willing to lose if i could give any advice to prospect investors it's always to have your financial security first before you make plans to attain financial freedom

[@moonverine]

By that metric, I can afford to invest... ... ... -50 bucks.

[@jiogcyihsugyiocjfdoivhphvw6821]

wow r u the first person to ever come up with those advice???????????????

[@stephenchurch1784]

@@moonverine Do it. I'm going to assume you're somewhere around 25 because of the demographics of youtube. If you invest $50 dollars today and get the average market return (8% compounding annually) it'll be worth about $1k by retirement

[@noramero2955]

It’s insane how people give these kids with no experience this amount of money.

[@DeltaPi314]

"The mother of idiots is always pregnant" Italian proverb.

[@Suursteruim]

It's insane how many people give old people insane amounts of money ------------> 2008. Moral of the story other people's money corrupts minds lots of other people's money absolute corrupts people.

[@bobturner3388]

i AGREE! tHESE INVESTORS ARE GIVING LIFE SAVINGS TO KIDS IN THEIR 20"S. NO 20-30YR OLD HAS THE EXPERIENCE TO HANDLE SUCH A LARGE TASK

[@ezwa9979]

sounds like your all talking about FTX without sayng it👋😒

[@noramero2955]

@@ezwa9979 there are a dozen crypto businesses that are built similar; same preppy 20year old with little experience, attempting to be the next zuckenburg.

[@grassrootsflshp]

One of the most informative, well-produced channels in YT-space! Subbed.

[@sanghoonlee5171]

Literally a week before the crash, this dude had the nerve to tell an interviewer that he will have fun watching other cryptos crash.

[@that1nerdyblackgirl736]

R/AgedLikeMilk

[@ninab.4540]

Could it be that crypto geniuses made Luna fail to teach Kwon a lesson?

[@chaoticspiro]

@@ninab.4540 I think you could be onto something there ..

[@notorioustori]

Pride comes before the fall.

[@cuddlecakes7153]

@@ninab.4540 Definitely. He was also taunting people who didn't buy his coin on Twitter so this was gonna happen eventually with his attitude

[@shadowninja6689]

There's a simple way to have known that Tera was a scam. It was promising a 20% interest rate in a near zero interest rate environment. No explanation of their business model or fundamentals could possibly justify that kind of an absurd interest rate when they could easily borrow money for significantly less.

[@brunodosreis]

It blows my mind how many people never question “where will my paycheck/return come from?”

[@banagan4604]

@@brunodosreis most people are greedy morons

[@sweetspice9120]

Ppl get carried away by stereotypes and greed. These guys are not smarter than you. You are just blinded by their degrees and your greed

[@resikchanel843]

Last fight kzbin.info/www/bejne/q2rPc3ZjoKyKoac

[@mugshotmarley]

Why are people saying this? LUNA wasnt promising 20% interest returns. Even if you staked your LUNA crypto (most people don't), at the most, you'll get 6%, depending on which market manager. Most were less than 6%

[@ChangeName-fo9qr]

I'm glad I didn't get caught up in the $LUNA hype. Last year, a lot of people were shilling this coin, and I was about to FOMO into it, but the price was too high at the time, so I waited for it to drop, but it didn't, so I couldn't buy it, which I think is a blessing in disguise.

[@wyattgillette1281]

Automatic subtitles write "Terror System" each time Terra System is mentioned. Pretty accurate.

[@NeorecnamorceN]

"Only put in what you are willing to lose" Truly words to live by in the crypto space. Also, diversify, diversify, diversify!

[@Narrowcros]

True, the only reason why I was a little worried about UST was because it wasnt backed by real dollars.

[@rickrolled3666]

kzbin.info/www/bejne/pXTdgnqepsyIoZI Finally it's here

[@RobbieeeG]

diversifying is stupid

[@SirApesALot]

amen brother

[@gregsalisbury4967]

@@Narrowcros most coins that i second guessed myself on, but then end up buying due to social pressure, almost always turns out to be a bad call

[@jbarkley4938653]

Do Kwon, “95% of the businesses in this space is going to die.” He knew before making that statement.

[@aayatrubab]

Agree, according to above statement terra had a mere 5% chance of success. :D

[@eckosama]

the irony :(

[@vasilisvolos]

I dont want to imply someone or anything, Terra is a ponzi. It was born to fail.

[@Juventinos]

95% ?? he knows shit. 100% will!

[@joshmarden9933]

​@@eckosama not irony, it's all a scam. if it's not shiny or physical chances are it's not worth anything. buy shiny and land/real estate, everything else is a gamble for fun money

[@DannyTillotson]

"If it sounds too good to be true, it probably is." Always keep that in mind when money seems to be too easy to make.

[@BourdeoixEterno]

Love how educated and respectful the cold fusion comments are. A breath of fresh air

[@Avarua59]

It took 2.5 years but that guy at the 2019 Blockchain conference was on point regarding Terra's death spiral possibility.

[@curry67]

whats his name?

[@novanebz3634]

@@curry67 name?????

[@eddiervo]

Nevin Freeman, Reserve Protocol

[@colossalquasar9313]

gave someone the idea maybe🤷🏽‍♂️

[@masterminessupport4627]

👆👆👆👆👆 *Am happy seeing good recommendations about this dude your service is trusted and tested, £45,700 rècovered successfully using his STRATEGY*

[@mifino]

Kwon named his daughter Luna, announcing the birth in April 2022 by tweeting “My dearest creation named after my greatest invention.” - that name aged well

[@dontcomply3976]

I hope she doesn't turn out the same way

[@joshmarden9933]

​@@dontcomply3976 going down on all the dudes that invested in her?

[@thetripledogdareshow4161]

Ouch!

[@xoizhyk]

or call it after Luna *a Dota 2 character* (gaming) lol

[@tkdevlop]

So we can all say Luna got fuked pretty harrdd

[@ricklarsen7477]

You could call Do Kwon a stable genius, but in reality he was an unstable genius.

[@DrFunds]

Great content Dagogo , please always put the year on all your dates though. When I watch your older videos I sometimes find myself thinking it's all 2022. Lol

[@melvinbarnett1910]

Just remove Terra and replace with FTX and you basically have the same story, so I say no date the lessons remain relevant and current.

[@TackerTacker]

Everyone should know that it's a scam as soon as they hear "20% guarantied growth" or any growth guaranty for that matte. Simple as that. I also disagree that these people wanted stability, they wanted quick and easy money.

[@rickrolled3666]

kzbin.info/www/bejne/pXTdgnqepsyIoZI Finally it's here

[@Bruceylancer]

Exactly! If you want stability, you buy S&P500. Not some imaginary internet coins.

[@Hamburger-Jungs]

@@Bruceylancer so cbdc means you will move to forest and live there ?

[@OffGridInvestor]

Bitconneeeeccccct!!! It was much the same. They were meant to lend AND invest users money but no one was on the lending side. It was all nerds ONLY investing for a GUARANTEED high return. And it was all completely unsustainable.

[@jamesbedford7327]

Any investment that produces more than single digit % returns should make you sceptical The only investment in the UK that would easily make more than that is building homes

[@OJsLeftGlove]

As someone with a gambling problem, I think people use the word "investment" to hide what they're really doing, even from themselves...

[@DigSamurai]

An astute and accurate observation.

[@lemster101]

Yup, I never touched crypto but thought to throw some money at Luna at the dip. Literal throwaway money I won't miss for a second, mostly to try and understand the whole crypto thing a little better and see what happens. I have friends who call themselves crypto traders/investors who are now talking about strategies for me to follow and how I'm in the game now and have a good starting portfolio. No. This is gambling. This money I put in is like buying a lottery ticket. But it is scary. I apparently got quite lucky with where I bought because I've only had profit since and it almost tricks you into believing you have a skill and you start to wonder if you can/should make more moves. I don't gamble normally, I don't buy lottery tickets etc, so it's relatively easy for me to stick to my original plan of throwing away a couple bucks to see how this whole thing plays out, but even I can feel the pull of putting in more.

[@orkhepaj]

yep , none of them are innocent

[@LikaLaruku]

I see little difference between crypto investors, stock brokers, people who buy lottery tickets, people who gamble, & thrill-seekers who jump out of planes with bungie cords, & as guy who drives 10 over the speed limit while playing with his GPS. Risk-taking gives them a dopamine rush. Gotta get that next hit, even at the risk of losing it all.

[@inconvenienttruths7953]

Whenever any other system threatens the US financial system/network it will be shutdown using any means necessary. This crash was a classic case. The plan involved US crypto investment management firms Blackrock and Citadel, according to a message sent to Hoskinson by a person named Anna, who claimed to have borrowed 100,000 Bitcoins from Gemini. These firms were supposed to have changed 25,000 Bitcoins into UST after receiving the total amount.They then contacted Do Kwon, saying to want to sell a large amount of BTC for UST. They were alleged to have offered to sell a large number of BTC for a discounted price, which the latter accepted. Unfortunately, this resulted in UST’s liquidity being reduced. When this happened, Blackrock and Citadel allegedly dumped all of the bitcoins and the UST, causing massive slippage and forcing liquidation of both assets.The purpose of these KZbin propaganda videos is to misdirect, slander and create convenient 'foreign villains' (Russians/Chinese/Japanese/Koreans etc) from peer competitors in order to enforce regulations to preserve the US status quo 😉

[@chickenfeetfordinner5804]

Once again a great video from Coldfusion.Thankyou !

[@michealryan9664]

People took out second mortgages to put into an unregulated cryptocurrency? I don’t think the people deserved it, but they broke the cardinal rule of investing and now they have to pay the price

[@cervelo9465]

The 20% interest rate was supermassive red flag. Absolutely ridiculous.

[@wood-wheel-wizard]

Biiiitconnnect!

[@user-gy9hq5cb1f]

Thats why “Interest” is not allowed in Islam. God knows best brothers. 🙏🏼 stay safe. Stay away from interest. Work hard for your money. Invest wisely.

[@maxwell9999999]

The defecne, which was rational and that everyone kinda accepted was that: They use the 20% to attract users and grow their blockchain ecosystem, and when funds go lower, they reduce the interest rate until it's like other stable coins interest rate (few %)

[@rayhans7887]

@@user-gy9hq5cb1f lmaoo without "interest" economy don’t work

[@ahmadraihan327]

@@rayhans7887 and why is that?

[@gfuentes86]

Nothing like starting the day with a little ColdFusion

[@aymane.bencheikh]

you're absolutely right!

[@R3WIRED]

Good Morning! It's 11pm here and 9pm in Cold Fusions state I believe. :)

[@ngunva5256]

@@R3WIRED its 8 pm for me 🥹🥹

[@AllocatorsAsia]

@@R3WIRED can confirm, 9pm here in Perth

[@lockdownchaos4068]

Indeed ☕️

[@deegidoogi]

@coldfusion You’re Doing the world a favor bro! Keep up the good work!

[@lilbykings]

A big round of applause for the amount of work you put into your research. Great job! 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾❤️

[@charlesmark5436]

this guy breaks things down to the barest, and his voice is chilling, one of the best creators on KZbin

[@abrahamalviarez5870]

his series about the criminals in wall street are amazing, from theranos to enron, every video is just TV quality.

[@Concatenate]

Dagogo is probably the best person on the planet.

[@Li0nshare]

Cold fusion. It’s new thinking 💭

[@jasonargonaught8744]

I am actually surprised by his statement that he interviewed people for this story.That's impressive. For KZbin.

[@cliffbooth4826]

Dagogo is the type of creator that Netflix should target

[@MyReviews_karkan]

I've lost a staggering $35 in this crash and I'm totally devastated. Edit: man, all these comments are freaking hilarious. Thank you for the laughs, everyone 😂

[@groob33]

You should probably start a go fund me....

[@cgasucks]

Please call the suicide hotline.

[@jasonjamrs7413]

I lost $10 in Bitcoin I forgot to login

[@_Aemse]

feelsdadman (gone and never coming back)

[@treaty8631]

Hang in there...lol

[@philmathew2659]

Your title screen of this video makes Gok look like the Bruce Lee of crypto 🤣

[@southwestxnorthwest]

The Zero 7 backing track was a nice touch

[@kapillantigua1504]

I lived in South Korea for 7 years and I can say that because of the hierarchical culture there, bosses tend to have inflated egos, causing trouble in the companies.

[@HShango]

Same thing in China and Japan, their work culture is terrible. I'm super glad I don't live in China, Japan and South korea

[@Gantradies]

Yeah- a cargo plane pilot flew a 3-man plane into the ground there a while back after getting severely spatially disoriented- the engineer and copilot were so indoctrinated to follow authority they didn’t do anything even when they knew they were going into the ground…

[@kapillantigua1504]

@@Gantradies yeah i heard about this too. From that time on the use English exclusively for air control, not korean.

[@n.e.g.u.s]

@@Gantradies read about this in a book titled outliers by gladwell. had to switch languages on their planes just to circumvent these predicaments during future flights as the comment above mine mentioned.

[@Goodfellow1234567]

@@HShango ,how does this have anything to do living in those countries? this is a silly comment. Tell me which boss in any company of any countries doesn't have an ego to control things the way he wants. To those who lose money, it's their greed that caused their loss, not this young man. He is just another ambitious 30 yr old man trying to make it in this greedy world filled with greedy capitalism culture.

[@toetoteotictectoe1451]

He reminds me of celebrities living in hollywood bubbles. Here in Korea I’ve seen lots of controversies around kpop stars, other celebrities and some wealthy people about being rude to the ordinary people. Having more successful career than anyone and being prettier than others granted them to act such ways and then society didn’t do much about it since they are so successful, it didn’t matter what kinda personalities they own

[@mas-udal-hassan9277]

😅😅😅

[@automioai]

your videos are so somooth, amazing way to share info. tnx

[@bt4582]

This is a great video as usual! Can you please do a video on 3AC? It is a pattern that a person becomes rich and successful and then becomes arrogant and overconfident and then the loses all. This may have been avoided if instead of being overconfident (even behind the scenes at least), Do had taken this seriously and tried to implement strategies and protocols to prevent this.

[@metrix6109]

I do not understand how people do not get suspicious if somebody promotes a safe asset with 20% return. There is always a risk especially with such high promised returns and it is just foolish to use coins like that as bank accounts for your savings. It is tragic that a lot of people lost money but it is their own fault. Even if for these people it might not have felt like a speculative asset because of their lack of knowledge it always was very speculativ but many just realized it after the crash.

[@McCoyM4]

It was never safe. People just got on the hype train just like 1929 or 2008 crash. Everybody thinks they are genius and piles in without ever looking at what they are actually investing in. When the music stops playing, liquidity dries up and boom. Happens over and over, cycle to cycle.

[@llIllIlI]

This is crypto. There have been projects with XX,XXX% returns (when the staking farms are first released). Crypto is not normal. It's why we love it. But you have to DYODD and invest responsibly or you can easily get rekt.

[@LoganNagol]

I actually don’t think it’s so much people being ignorant, but people just having so much information and exposure constantly that they end up losing that speculation. The 20% return should definitely be a red flag, but the more someone reads about it and the more your brain will normalize it. The internet allows people enough info where anyone can convinces themselves of anything given enough “research”

[@metrix6109]

@@llIllIlI of course are 20% not much compared to some other coins but these coins with multiple hundert percents return were purely speculativ and people where more aware of the risks. In Luna a lot of people put all there savings and assumed it is a safe investment but there is no free lunch, not at Wallstreet and certainly not in cryptos.

[@danielpincu6030]

Correct me if I am wrong but doesn’t General Mills have a crazy high dividend like 20% dividend.

[@stnank]

General Rule: if there's a significant possibility that your invention might do something called a "Death Spiral", it's not stable.

[@wolfsden6479]

Tell that to the US dollar .... (Only half a joke)

[@leander9263]

As a matter of fact as soon as there is as much as a faint possibility of a negative feedback loop it is only a matter of time until it will happen.

[@silverdeathgamer2907]

@@wolfsden6479 If the US dollar collapses it means that likely either enough convincing fakes were made to tank the price(there are also ways to fight this)(and who says they only make counterfeit dollars at that point) or there was enough political stability that the US government isn't strong and doesn't have enough influence and power to guarantee the dollar's value, if either of those happens the world has bigger problems.

[@eckosama]

@@leander9263 have there been other exampel?

[@Krokoklemmee]

@@eckosama not that i know of, but anything that can go wrong, will go wrong

[@juliaturner4659]

I've been around the market long enough to know that these ups and downs can still prove to be highly beneficial, time and again I've seen people use these windows of opportunities to make millions and set up for retirement, I just don't know how they did it.

[@charlottem.5134]

Trading with an expert has been the best way of making huge returns from crypto currency.

[@charlottem.5134]

The common mistake we newbies make is without help and legit guidance from a professional.

[@bobvan2201]

@@charlottem.5134 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.

[@bobvan2201]

He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.

[@freyaw2865]

Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.

[@Hank..]

"I don't understand how this could've happened to me. All I did was put all my savings into a business venture I know literally nothing about that promises comically high returns at an impossible consistency." I don't understand how grown adults get involved with things like that and don't question anything

[@interpretercarlos478]

This shows how integrity is something we lack. all the intelligence, technology, glitter goes to waste when the morals are corrupt

[@sumanyusinha3292]

Amazing inerence.

[@ehornehorn1893]

just shows how people don't do their do-diligence on research or the understanding of market mechanics

[@TheMalaki28]

@@ehornehorn1893 EXACTLY!!!! There are other tokens / coins that took this into account... *cough* *cough* ISO20022 compliant coins.... but like you mentioned no one wants to do their research!! Well said!!

[@kimgysen10]

@@ehornehorn1893 Problem is everybody has their own definition of due diligence and how they choose to weigh different factors. In the end it's all one big gamble, as are all life decisions probably.

[@petecabrina]

Welcome to humanity 😄

[@milescivis1018]

Do Kwon dissolved the company days before the crash…either he was part of it or knew it was imminent. Dude needs to be in jail for a good couple of years, imo.

[@topgurltop6618]

Investment are stepping stone to SUCCESS, investing is what creates you wealth and wealth brings you assets. and assets buys you Freedom. Do you want to double your income by investing in the bitcoin crypto currency today its very fast way to earn extra income right from your phone I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.....

[@sickwitit5745]

1 of the many thousands of scams that have happened. Won’t see any jail time

[@pipikaka3886]

@@sickwitit5745 Yeah, but it's a scam on an almost 60b scale. It's not your average thousand dollar scam. He needs to do serious jail time.

[@RawTakes]

They need to drop him on an island with nothing

[@Lewdacris916]

agreed people lost billions on his ponzi scheme, should be in prison getting wrecked

[@testingapps2145]

Great job, hope this channel keep making much better contents in quality and quantity of informations for professional and beginners.

[@MG-zx8jn]

Coming back to this video after watching KiraTV's video about Do Kwon being arrested in Montenegro

[@notyourmomyousnowflake3533]

Dork Kwon was either incompetent or complicit, either way, he has no business re-launching Terra 2.0 or any crypto project for that matter. Once trust is broken in this space, that's it.

[@davidlee8303]

we get it you watched the video to the end... whatever.

[@notyourmomyousnowflake3533]

@@davidlee8303 you have nothing productive to contribute, so gtfo

[@laupeter4594]

Do Kwon doesn’t understand business

[@imveryangryitsnotbutter]

@@davidlee8303 bruh

[@ezradlionel711]

@@laupeter4594 Guy sounds like a complete douche but It took collusion and 100s of millions of dollars to destroy the company. I'd say he underestimated billionaires.

[@Pancakegr8]

14:57 It's crazy to see that life ends the same way it begins: because someone didn't pull out in time.

[@tanmay8017]

😂😂

[@moochoopr9551]

I'll see you in hell 🤣

[@resikchanel843]

Last fight kzbin.info/www/bejne/q2rPc3ZjoKyKoac

[@oroville12345]

This is why you always wear a condom.

[@Firepowered]

At this point, I'm automatically skeptical of anyone who gets nominated in the "Top 30 under 30". Too many frauds get in on that club, apparently

[@tomliuyt]

Does anyone know the name of the speaker predicting the collapse of algorithmic stable coin including Luna 16:24 ?

[@ittaiklein8541]

"If it sounds too good to be true - It is not true." This is as old as the hills and always true.

[@ittaiklein8541]

@untuk🌷 this doesn't even parse - why is it highlighted ?

[@arrowknee7356]

I can't feel all that sorry for anyone who thought a 20% guaranteed return was a safe investment. It genuinely blows my mind that anyone is surprised that such a thing ended badly.

[@TheUCruz]

Are people just not skeptical? Or are they convinced super easily? This sounded like a fallacy from the beginning, "Yea it'll never go down, you get guaranteed profit, blah blah blah" If you're willing to hand out your money like that then you deserved to lose it.

[@FrankHeuvelman]

When something sounds too good to be true, it almost always is. Especially where money is concerned.

[@jeremycovelli]

I saw this nonsense like 3 years ago.. I don't feel bad for anyone still in it who lost money.

[@smokinjoemama]

People are greedy it is what it is. I highly doubt too many people are that ignorant everyone thinks they can get in make some "free" money and get out

[@oxonomy2372]

The majority of LUNA owners didn’t use or even know about Anchor and the 20% apr

[@moonverine]

"This is a cool High Intensity coaster for RCT2 you're making. What do you call it?" "Our Market Value."

[@00shivani]

did anyone else watch that intro clip like 10 times?? soo satisfying lol

[@EEVblog]

You create a stable coin backed by nothing but an algorithm and another unbacked coin you can print unlimited amounts in order to keep the main coin short term stable, and then also rely on the investors to not make a run on the system. Anyone who properly thought about this and still thought it was safe bet deserved to lose their money.

[@kiran-thetributechannel]

Hi bro

[@mattl1962]

Hmmm well most retail investors just think of mooning.

[@inexplicable01]

I mean. Isnt all crypto backed by nothing?

[@joshmarden9933]

​@@inexplicable01 shhh, let them have their fairytale

[@joshmarden9933]

god forbid the sheep realize fiat is make believe too, then we're in a real pickle

[@Zordiak]

It's very simple. You can have as many coins as you want algorithmically playing with each other, but if no one wants to buy them there is no stability anywhere. That's why I never bought any Luna. You cannot have an algorithmic stable coin and have it depend on market forces. It's impossible. You need to have some entity that's willing to issue and buyback coins no matter what (i.e. A bank or government). I know it defeats the purpose of crypto, but if you want stability that's the price you have to pay.

[@Waspinmymind]

I don’t think anyone is interested in crypto. At least not anymore.

[@kurtilein3]

I dont know, maybe try it with a sustainable interest rate of 0.0%.

[@perp1exed]

@@Waspinmymind can confirm, plenty of people still interested.

[@lordchickenhawk]

Somebody gets it. "Decentralised" cannot exist without personal accountability. That is, "use it or lose it". If you cannot spend "coin" as it is, without to swapping it for another currency first, then it NOT MONEY. It is only tokens. Whales don't spend their coins on products because they want to become super rich should the coin become valuable in dollars. They want to spend dollars, not coin. Which is WHY crypto-coins are not stable. Any means of exchange, even gold bullion, is only useful if can be exchanged for grain. Or cars. Or fuel. Or shot gun cartridges and canned food. All of the above. A decentralised "currency" is only a currency if it is a useful means of exchange. This requires individuals to buy and sell their sweat and blood with the coin.The first entrepreneurs to do so are taking a FAR bigger risk than those who speculate billions of dollars on a "market" over the "coin" NOTICE TO ALL WHALES: spend it. Not trade. Don't convert. Spend. Spend with those genuine entrepreneurial risk takers who will sell their actual real work to you for your crypto. WORK IS VALUE! Not currency. J.P. Morgan was wrong. Gold is not money. WORK is money. J.P. Morgan was right. Everything else is credit.

[@John77Doe]

Who buys back the other crypto currencies like Bitcoin and Ethereum?? 😃😃😃😃

[@JuanPerez-vv5lk]

18:10 this is the biggest crypto disaster of all, sam bankman-fried: hold my beer

[@deSade74]

"Only put in what you're prepared to lose" - truer words have not been spoken nor continually repeated, and falling on deaf ears. Not long after you guys posted this, what do we have? FTX FTW! :D

[@BewareTheLilyOfTheValley]

The ability to have this video out so soon is amazing. Thank you for your hard work and for bringing news to me I wouldn't have known of otherwise.

[@JESUSCHRIST-ONLYWAYTOHEAVEN]

GOD'S STANDARD FOR HEAVEN IS PERFECTION AND ONLY JESUS (THE SON OF GOD/GOD IN THE FLESH) LIVED THAT PERFECT LIFE! HE LAID DOWN HIS LIFE & TOOK THE WRATH OF THE FATHER ON THE CROSS FOR YOUR SINS! GOD IS JUST SO HE MUST PUNISH SIN & HE IS HOLY SO NO SIN CAN ENTER HIS KINGDOM OF HEAVEN. IF YOU ARE IN CHRIST ON JUDGEMENT DAY GOD WILL SEE YOU AS HIS PERFECT SON (SINLESS SINCE YOUR SINS ARE COVERED BY JESUS' OFFERING). YOU CAN ALSO CHOOSE TO REJECT JESUS' GIFT/SACRIFICE & PAY FOR YOUR OWN SIN WITH DEATH (HELL) BUT THAT SEEMS PRETTY FOOLISH! GOD SEES & HEARS EVERYTHING YOU HAVE SAID & DONE. YOU WONT WIN AN ARGUMENT WITH HIM & YOU CANT DEFEND ANY OF YOUR SINS TO HIM. YOU'RE NOT A GOOD PERSON, I'M NOT A GOOD PERSON... ONLY GOD IS GOOD! WE'RE ALL GUILTY WITHOUT ACCEPTING JESUS' SACRIFICE FOR OUR SINS! MUHAMMAD DIDN'T DIE FOR YOUR SINS, BUDDHA DIDN'T DIE FOR YOUR SINS, NO PASTOR/NO PRIEST/NO SAINT/NO ANCESTOR DIED FOR YOUR SINS, MARY DIDN'T, THE POPE DIDN'T EITHER, NO IDOLS OR FALSE gods DIED FOR YOUR SINS, NO MUSICIAN OR CELEBRITY DIED FOR YOUR SINS, NO INFLUENCER OR KZbin STAR DIED FOR YOUR SINS, NO SCIENTIST OR POLITICIAN DIED FOR YOUR SINS, NO ATHLETE OR ACTOR DIED FOR YOUR SINS! STOP IDOLIZING & WORSHIPING THESE PEOPLE! JESUS CHRIST ALONE DIED FOR YOUR SINS & WAS RESURRECTED FROM THE GRAVE! HE IS ALIVE & COMING BACK VERY VERY SOON WITH JUDGEMENT (THESE ARE END TIMES)! PREPARE YOURSELVES, TURN FROM SIN & RUN TO JESUS! HE KNOWS YOUR PAIN & TROUBLES, HE WANTS TO HEAL & RESTORE YOU! TALK TO HIM LIKE A BEST FRIEND! ASK HIM TO REVEAL HIMSELF TO YOU & HELP YOU TO BELIEVE IF YOU DOUBT! DON'T WAIT TO CRY OUT! NO ONE IS PROMISED TOMORROW! HE LONGS FOR YOU TO INVITE HIM IN, HE LOVES YOU MORE THAN ANY PERSON EVER COULD, HE CREATED YOU! Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me."-John 14:6 "But whosoever shall deny me before men, him will I also deny before my Father which is in heaven."-Matthew 10:33 “For the wages of sin is death (hell), but the gift of God is eternal life in Christ Jesus our Lord”-Romans 6:23

[@davidpalmer9780]

I agree... a ton of research goes into these videos along with a huge effort to format the reseached material into an easy to watch, understand & learn video production. This video is of the quality of a mainstream media documentary and for that, I say thank you very much.

[@tetrakoop]

dont invest in crypto then, simple

[@BewareTheLilyOfTheValley]

...the hell are all these bot comments gravitating to here? 😂

[@resikchanel843]

Last fight kzbin.info/www/bejne/q2rPc3ZjoKyKoac

[@Old_man_Vibez]

I lost $500 on ust. Not life changing, but it pissed me off. I can't imagine how retailers cope with losses of 4,5 possibly 6 figures with Luna. I hope you guys and gals find peace.

[@ClosestNearUtopia]

Only invest what your willing to lose. If they didnt, its their own fault. Nobody should be a true victim of this chain other then loosing their gains or initial investment, which they already were prepared to lose in the first place. If you dont gamble you will not win any as well🤷🏼

[@ClosestNearUtopia]

Remember, people buying 6 digits, already had a lot of digits somewhere else. If they invest smart and not like a mad man, they only invested maximum of 3% of all their whealth.. oh boohoo😉 they probably made a 20x somewhere else as well. We, the real working people, have to invest significant amounts to even make an investment worth our time, like worthy for a month of hard work.. we just cant loose such income, and 10 bucks generating 30 bucks in 20years doest sound ideal.. A rich person can and do invest pennies compared to what they have, and with those pennies making an amount we could life about our whole life on. I dont have mercy in crypto/stock/markets for the whales, I do have that bout million times more for you loosing a quarter of monthly income, taking a risk to maybe actually improve your situation instead of stacking the treasuries.

[@zatomlzxzanamolzy1253]

I just put £10 on MANA hoping that that Decentraland becomes something huge and even my small investment ends up being something worth wanting for. Even if that's 5-10 years from now. Every coin is low at the moment but I'm sure they'll get back on track by next year at the most. If not, £10 isn't something life changing and even if it only rises to the previous high around £5 I've done alright buying at slightly less than £1.

[@ClosestNearUtopia]

@@zatomlzxzanamolzy1253 I see you has atleast an insight of whats happening and understands the fundamentals. Which are important because no fundamental, no investment, and people dont research fundamentals, only possibility to gains it seem.. Id say you made a great move buying cheap when everyone looks away, your already early, but at those prices its basically a steal. when the asset goes 10x watch the sheeple run in. Buy the time they start thinking about a rebuy, you probably made so much gains your already in the next project with a 10x bigger start position, and still had a mayor return on your investment💪 good job, and yes, my opinion.

[@zatomlzxzanamolzy1253]

@@ClosestNearUtopia I appreciate your optimistic outlook and I hope you succeed with anything you want from life, thanks.

[@Connorthecatsdad]

This video really helped me understand crypto better, what it is, and what its potential drawbacks are. I appreciate that even in light of some of the massive failings of crypto, they don't vilify the currency or paint it as a dead end idea, but they do very eloquently show the risks of hype culture and over-sensationalization

[@jupiterjones3789]

I liked the video, too, but it doesn't really explain cryptocurrencies as such

[@pgpc6448]

I invested early on, saw the fall and got out, doubled my investment. You have to watch it like a hawk. Investing is risking.

[@ds7766]

can you do a follow up on tera 2.0 vs terra classic?

[@hosermandeusl2468]

I was once told by an stock trader, "If the idea of losing 10K in a few seconds make you nervous, you shouldn't trade." With the advent of this cornucopia of 'coins, having little or no oversight puts them in the stock-trade category.

[@helmutthat8331]

'Guh'

[@eckosama]

its more risky than stocks, you have to make that known. and they are both risky

[@itsvmmc]

You can't lose 10k if you only have $600 in your bank account *tips forehead*

[@Johanneslol11]

Be wary when people are bold, be bold when other are wary

[@johnc2438]

No. It puts them in the pink unicorn category.

[@cocorebelista]

I lost 80k usd and close friends lost millions !!!!! But we are still alive and have a family and a roof. Stay strong guys 🙏🏽😢

[@jackreacher4212]

sorry to hear about your lost. hope you n ur close fren doing well on this difficult time. Stay strong sis!!!🙏

[@joshmarden9933]

😂😂😂 I put in 4k for fun, went up, went down. I can't imagine putting in enough to pay off a house... just buy real estate.

[@cancel.lgbtq.6892]

Now you can start Onlyfans!

[@averagejoel4830]

Lmao

[@bumblethebeadle3504]

What is the name of the Matthew Mcconaughey film seen in parts of this video?

[@roguebuddha]

When someone mentions "magic" in his business proposal.

[@kenon6968]

I don't have too much sympathy for anyone who invests in 20% return magic bean because hey, just trust us. Maddoff at least had the decorum to only offer 10%

[@christines5430]

They were driven silly by pure greed. No sympathy for them.

[@brucelee289]

Guys In India we do get 10% interest from banks

[@Kova4a]

Nah, 20% is totally doable. Hell, there have been USDT and USDC lending options providing 20%+ for years. And lol Stop with the Madoff comparisons. He could have also given even 20% to all the investors if he was doing actual profitable trading wit their money instead of just taking them.

[@tachat1417]

This story is a perfect illustration of one Bible quote; ’Pride comes before ruin’ This guy a while ago publicly said that he would enjoy watching other cryptos collapse. Well , his wish was granted. I hope he enjoyed this one …

[@tetrakoop]

this is a perfect comment of a viewer taking everything said by the poster at their word.

[@pixelmasque]

He was brutally savaged by smarter kids who despised his arrogance and treatment of others,

[@MarkH10]

You reap what you sow.

[@MajinXarris]

That's not a Bible quote mate that's taken from ancient Greek literature. Homer etc

[@tachat1417]

@@MajinXarris wrong my friend. This quote comes from the Bible , book of Proverbs 16;18 ” Pride goes before destruction, a haughty spirit before a fall “ And the author of this proverbs collection was king Salomon the son of king David … around 3000 years ago. Check your facts.

[@jrdreamvet]

May I know what is the title of the movie you used as a background in 10 minute mark?..thanks

[@alankent4468]

Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.

[@alankent4468]

@Andrew Jack There are many reasons for this drop in value. One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.

[@edmondbrown4964]

@Brandon George Really lost a lot in the stock market, can you link me with to him, Does he do free consultation?

[@timwestway9313]

This is not the first time i am hearing of Jeffrey Sinclair and his exploits, how he handles investments and generates good outcomes, he has really made a good name for himself, but i have no idea on how to reach him

[@brianbarker3370]

How can I be part of this project? I earnestly hope to build a strong financial future

[@bryanseamans6895]

@@brianbarker3370 If you are not conversant with the markets, I'd advise you to get some kind of advise or assistance from a financial/investing coach. It might sound basic or generic, but getting in touch with an investment broker was how I was able to outperform the market and raise a profit of $150,000 For me, its the most ideal way to jump into the market these days

[@ChengTeoh]

When in history has there ever been an investment that could earn you 20% a year that was low risk? The only thing that I can think of at the moment that even comes close is the Series I Bonds that is currently paying 9.62%.

[@raul0ca]

Turkish Lira?

[@Zerinsakech]

@@raul0ca American dollar, but at this point it might as well be a Lira

[@d1p70]

@@raul0ca he said "low risk"

[@choreomaniac]

And that’s limited to $10k per person per year and floats so in a year it could be half that rate. Also, it’s locked in for a year and penalizes early withdrawals. If Luna locked for even a week, or let rates float or penalized early withdrawals or limited investments he would probably still be around.

[@vincentferrere3588]

In 2009, $1 would of got you 100 btc. Is that low risk enough for YOU. 100 x $30,000 at around today's prices and you end up with $3 million.

[@EdwardFominykh]

A huge lesson in diversifying..No matter how much faith you have in something, always have others places to park your money

[@inmortal131]

true bro.

[@lifeSGM]

that's okay till the entire market is in a free fall

[@daniel_960_]

@@lifeSGM diversification can go beyond market. Houses, properties, gold, different currencies, different countries… Well I guess it’s all market but you know what I mean. I think it’s better to diversify outside the market. Like don’t buy many different stock and crypto but rather also buy things outside of it. Like I’m almost all in on Tesla and a bit of Bitcoin and other crypto. I’m also only 22 and am fine theoretically loosing it all. But the next thing I’d buy and invest in wouldn’t be stock or crypto. Except I loose conviction and transfer money from TSLA to other stocks.

[@EdwardFominykh]

@@lifeSGM Not really bc most of the market recovers and the companies that recover would make up for ones that don't

[@BigHotSauceBoss69]

@@lifeSGM You new to investing? When has the market being in "freefall" ever led to everything being worth $0?

[@BobJones-gn2tr]

@10:30 from what movie are these scenes?

[@lawrenceslsko1391]

He just officially got caught now.

[@pejvaaksalimi2311]

One of the reason I like your work is that you keep reminding us that not everything that looks natural or incident or smart is actually any of these. Keep going Dagogo.

[@maximosh]

It was the 20% return. You cannot create that value from nothing, the intrinsic value would halve every few years, despite what people and the market valued it at. It was setup to fail by greed, cunning or ignorance. The 20% was like a growing vacuum on its actual worth. The price implosion was inevitable.

[@juliehutton2784]

more reason you all have to trade your coins and make good profit from it. contact a pro trader like Erik Ming

[@juliehutton2784]

[@2DarkHorizon]

Yeah I agree, It makes absolute no sense how can you give everyone 20%. Bernie Madoff was giving something similar like 25% interest rate. Where is the value coming from? It was the growth that allowed people to get 20%. It would need to grow forever or die. It is common sense value needs come from somewhere. People involved must be 100 percent scammers it is basic math it will never work.

[@brendanoneil3489]

guaranteed 20% apr growth and instant access...what could go wrong? set up to fail.

[@abasis.baruti9819]

First thought I had when I heard guaranteed 20% was ponzi scheme.

[@beyrutphl]

I wonder is it different people getting caught up in this every time because it can't be the same group of people just throwing money at fake coins just to lose

[@elmehdielkhal]

Do Kwon was arrested today in Montenegro

[@Carl]

Yes, I lost $1,6 million... I learned my lesson! Thanks for the shoutout in the video at 14:46

[@nzbrad9977]

Such a shame carl I really hope you hit the jackpot next bull run Hang in there buddy Don’t give up Crypto is still the future Is just about getting a bit lucky and timing the near bottom of a bear market Good luck ! I’m rooting for you

[@FabiWann]

I got out of "stable" coins about an year ago when I found out that they use cryptos and other risky assets as collateral instead of just bonds. Since then I call them unstable coins.

[@Eliotime3000]

Yeah. That's what I see in all the "stablecoins" are just Ponzi Schemes that didn't have industries backing up in case of bankruns like in the case of BlackRock investing fund with the USD.

[@anirbanpatra3017]

That's very intuitive.But I don't understand why people still saw it as stable coin.I thought I missed some detail in the video. Never Invested in crypto.

[@ryanshaw4250]

oh yea, and tether hasnt collapsed yet.. they only have 3% of the money they claim to have liquid and bought tons of BTC and other cryptos with their usdt lie.. begs the question about mass manipulation to make BTC and other coins they wanted to pump in the first place. USDT went to 95 cents.. yet people seem not to care.

[@connoc5078]

@@anirbanpatra3017 Crypto is full, and I mean *full*, of financially illiterate and/or greedy people. The only people that actually thought it was stable are those that were ignorant or arrogant.

[@jeffstratton8838]

Good job on this channel!!

[@akane8615]

The way they branded themselves as risk free is already a huge red flag.

[@peejaygarcia9509]

Do Kwon was once my student in South Korea. I've known him since he was 15. I was shocked to find out he was in the middle of all this... :(

[@oksowhat]

damm, thats great

[@srinivaspantula5116]

what did u teach him? did he take 'how to scam 101' class in south korea?

[@sydneymccarty5501]

a Do Kwon just flew over my house

[@Dwightstjohn-fo8ki]

@@srinivaspantula5116 teen years are foreshadowing, usually. Had a guy in my speech class that was already "gaming" certain things: extra weight in bowling balls in competition. The last time I heard the FBI and the Secret Service were looking for him for counterfeiting. Does surprise me a bit. Nice guy in person. But obviously give him a "forum" and he'll stick you. TODAY? The 00000's are just longer, that's all. Same game.

[@askfaisalmuslim]

Do Kwon now KO'd

[@nightmare-nightmarenightma1147]

Insane how many historic events I've been able to witness firsthand. I almost put money in Luna but decided not to

[@MyDomesticChiffchaff]

Crazy eh? I'm worried that things are going to become too crazy (in both good and bad ways) for my brain to handle.

[@jiasunglee9862]

so which ones you bought instead?

[@jjdelft3216]

@Not Sure Nah man, the best plan is to put all of your saving into some memecoin thats relevant because ???

[@inconvenienttruths7953]

Whenever any other system threatens the US financial system/network it will be shutdown using any means necessary. This crash was a classic case. The plan involved US crypto investment management firms Blackrock and Citadel, according to a message sent to Hoskinson by a person named Anna, who claimed to have borrowed 100,000 Bitcoins from Gemini. These firms were supposed to have changed 25,000 Bitcoins into UST after receiving the total amount.They then contacted Do Kwon, saying to want to sell a large amount of BTC for UST. They were alleged to have offered to sell a large number of BTC for a discounted price, which the latter accepted. Unfortunately, this resulted in UST’s liquidity being reduced. When this happened, Blackrock and Citadel allegedly dumped all of the bitcoins and the UST, causing massive slippage and forcing liquidation of both assets.The purpose of these KZbin propaganda videos is to misdirect, slander and create convenient 'foreign villains' (Russians/Chinese/Japanese/Koreans etc) from peer competitors in order to enforce regulations to preserve the US status quo 😉

[@maemorri]

Historic? How historic was the Bernie Madoff collapse? How historic was the collapse of WorldCom or Enron? These things were massive events in their day, but in the larger historical narrative, they fade into obscurity. You have to wait at least ten years for a historical narrative to become discernible.

[@ahsannissar4765]

the scenes of stock market used in this video. Are those from any series or movie? Which one?

[@dragonoyxd]

Ngl I'm really shocked how many people risk their savings like this. Thing like this happen all the time where the it slowly build up with great promise and crash to 0 in less than a day. This Internet era with so much information around and people still hasn't learned. This type of thing is not new.

[@scorch4299]

Eh if they didnt lose it to this, theyd just lose it somewhere else, so it doesnt really matter. A fool and his money are soon parted.

[@deadcell1]

"No one has ever seen anything like this, a top 5 coin going to zero" I guess none of these people weren't around during 2017-18 and never heard of Bitconnect

[@SecondTake123]

True, that was crazy!

[@PbVeritas]

As someone who has lost a little amount in the crash, I really ask myself how people put all the money they have on one system. Technologies can be designed perfectly and yet still go down.

[@bhaalgorn]

I'm not sure if this what you're saying or not, but many people warned of the potential of Luna having a death spiral.

[@meherunshifat]

@@bhaalgorn LUNA IS POTENTIAL COIN OK , BUT LESSON IS NO KEEP YOUR ALL COIN IN ONE BUSKET.AND NOT GRADY.

[@rickrolled3666]

kzbin.info/www/bejne/pXTdgnqepsyIoZI Finally it's here

[@reggaefan2700]

Are we sure it's not Goldman Sachs?

[@nicklong436]

That’s why I bought eth at 235 Ann not 2000

[@kurtloban3664]

I am looking forward to your story about FTX...apparently Alameda Research (sister company) took down Luna. Crazy.