LUNA Is Crashing... Here's Why.

The world's largest ALGO stablecoin crashed on Sunday, and again on Monday. Will It Recover?
Crypto Critics Corner: / @cryptocriticpod
UPDATE: it's now 5/11/2022 and it looks like LUNA is all but finished.
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Video Editor: Harry Bagg / harryrbagg
Virtual Production Software: Aximmetry aximmetry.com/
This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.

[@Coffeezilla]

since filming this, LUNA has plunged from $40 to $2. Game over. Full post-mortem coming soon.

[@NicoTheCinderace]

Good. :)

[@morpho2081]

It even reached $0.69 today

[@SaltStorm007]

Just saw that myself....some people are losing their shirts right now💯These gold & silver bars are looking really good right now....people will ALWAYS want gold/silver💯

[@NewclubryFTW]

Indeed, so many people lost their entire bankroll. Sad to see.

[@reese5545]

Damn! 👀 that’s tuffff

[@supercables251]

The problem with all these stable coins are that they are too stable. Despite our best efforts, they always stabilize to there true value: 0

[@dahliacheung6020]

Beautiful 👏👏👏

[@charmandergamer1287]

Agreed, this is a beautiful comment

[@Jordan-Ramses]

What's the problem? Rich idiots losing money is hilarious.

[@connorblack99]

@@Jordan-Ramsesbecause unfortunately the people holding the bag are often not the rich idiots they’re the people who only had a tiny portion and made a gamble, and that was a stupid risk or whatever but have you seen how ridiculously hard it is to get out of debt right now? Watch Folding Ideas Line Goes Up to see the way they can really get their claws into people who really don’t have the money

[@slothisasin8240]

​@@Jordan-Ramses Because many people spend their life savings in order to try to get out of their misery, and then they loose everything.

[@misstinytrader88]

Calling it stable was like calling the Titanic unsinkable.

[@Kiba114]

it has proven to be pretty stable over more than a year

[@patrickbaklava7297]

@@Kiba114 untill its not

[@patrickbaklava7297]

@@Kiba114 which disproves everything from the last year

[@ristonalaimo5048]

TRX is next. crypto banter worst crash ever 19 minute 59 second mark look it up

[@yudelmartinez29]

@@Kiba114 yeah Titanic floated well till crashed with an iceberg!!

[@dajordanator]

"De-pegged to 69" is not something I thought I would be hearing in a video about crypto

[@snooganslestat2030]

Lmao

[@MephiticMiasma]

3:26 actually if you look at the graphic, it de-pegged down to 0.6969

[@sonetagu1337]

@@MephiticMiasma 697 NOOOOO

[@definitelyannpc2038]

Nice!

[@definitelyannpc2038]

@@MephiticMiasma Nice

[@jbird4478]

"The 20% is only a growth scheme" Isn't that just straight-up admitting it is a ponzi scheme? They're literally saying they can give you high returns by taking new investors' money.

[@terris-njw]

Yeah, money doesn't just come from nowhere, it has to come from other people's pockets

[@_QWERTY__]

@@terris-njw imo, there is a very fine line between most cryptocurrencies and ponzi schemes. Unlike a stock, bond, or other traditional investment, they do not accrew new value by any generation of new value such as a companies' profits. Coin holders are essentially paid the increase from the money others invested, so if an exchange fails, the last ones to pull out will most likley not even get the current value of coin they put in. The only difference is most investors are fully aware most crypto is more risky.

[@HALLish-jl5mo]

There's a difference between offering 20% to attract new users, and offering 20% because you are attracting new users. The first is a loss leader, the second is a Ponzi scheme.

[@danielkarlsson8850]

Any crypto without an actual usage in the real world will eventually crash to zero.

[@ssj6boy]

So basically all of them lol

[@fuccckckkkkckkck]

Didn’t someone just purchase a house using crypto recently?

[@freshnesbro3792]

@@fuccckckkkkckkck Many do that, i buy my cocain with crypto.

[@ALeaud]

@@fuccckckkkkckkck It's extremely rare that someone could actually do that.

[@vincfield8282]

i actually bought cannabis seeds with btc hahah

[@dayaf0]

When he was describing having enough bitcoin to control the crypto markets, that seemed pretty centralized to me. Crypto whales = banks.

[@nospecificity7690]

Having an effect on the price of a market is very different from controlling it, being able to mint new currency etc…

[@LegionZGaming]

imagine cant differentiate between controlling and impacting market

[@gilolaes4725]

@@nospecificity7690 Are banks able to print new currency?

[@settyphon9340]

@@gilolaes4725 through loans yes they do

[@gilolaes4725]

@@settyphon9340 mmm...I understand what you're getting at, but leveraging yourself to give money you might not necessarily have at the time is a lot different than minting new currency.

[@ThePlainBagel]

Wow... when you can't even trust stablecoins to fulfill their one purpose, it's hard to have faith in much else in that system...

[@EranHertz]

But it has "stable" in its name, how can it go wrong?!?

[@dadshah0286]

Hi Richard!

[@stevel.3903]

All this mumbling about how stable coins can protect your wealth against inflation is kinda ironic now. Having an algorithm doesn't stop manipulation of a currency, it just empowers unelected and unaccountable whales of a coin.

[@hyena280]

@@EranHertz "safe" would have been a better name, maybe.

[@IdaelDiaz]

Don’t trust, verify.

[@joenichols3901]

"Which promises a stable return of 20%" I actually spit some of my drink out when you said that deadpan

[@DwarfElvishDiplomacy]

It says a lot that your only reply is a spambot with the coffezilla logo lol. The whole market feels like a wild west plaza with circus attractions , "interpreneurs" swinging walking canes, trying to sell you the latest snakeoil and around every other corner is a holdup or a pickpoket

[@carnage432]

Imagine theres some crypto like Drip Network and Piston that offer you 1% daily return on investment:O

[@thecrimsoncardinal]

Dodged a bullet. Almost bought like 5k back at $100. Ended up selling everything instead, sometimes weak hands wins

[@soldez3129]

Same but I was going to but 3k🧎‍♂️🧎‍♂️

[@hughmongus9969]

And moon boys will say “sell now, cry later” or “paper hands get rekt”.

[@eo8240]

Same here man. I put about $1000 in and when i got a $3000 return i bailed because we needed the money. If i waited another month i woulda lost everything.

[@VickelLeung]

Agree, people always say diamond hands but taking profit on the way or dipping if you don't feel it it's the best option. Imagine investing your life saving and losing all like that.

[@dandruff3414]

👏👏👏👏

[@jackwilson8552]

As a LUNA holder, I was very bummed. Luckily only lost a few hundred dollars and not my life savings like some people.

[@tykara3404]

Same here

[@Gabe413]

'A few hundred dollars' would change my life forever ....

[@tomasmartins5009]

Same, I'm glad to have diversified a bunch

[@ASDFG856]

yup, same here

[@brunovalverde2091]

Invest in ADA, and the cardano ecosystem. Djed, is going to be actually backed by something and Cardano actually used peer reviewed research before releasing a billion dollar stablecoin

[@jimmbear3998]

Great video, no one else has really even tried to explain it and most news outlets are completely clueless simply talking about Bitcoin dipping below $30k when this is the real big story in crypto at this moment.

[@rajeshupadhyay5683]

Well said! I am also here to learn more smart way on short term investment, any idea here?

[@lezliewhicker8450]

@@rajeshupadhyay5683 lookup Priscilla Dearmin-Turner, she's now the real investment prodigy since the crash and have help me recovered my loses

[@davidhudson3001]

A news host spoke so highly of this💕 woman Priscilla Dearmin-Turner and her loss prevention strategies

[@dr.ervingalen1777]

​@@lezliewhicker8450i just lookup her name online and found her accreditation on FINRA and SEC, she seems really solid. I and leave her a mail on her webpage🙏

[@investorwest8735]

Paid off $892000 loan within 7 months, all thanks to Madam Priscilla! So happy we are finally onto baby step 4, 5 & 6! Amazing! 🇨🇦

[@LaZieGoblin]

Dude, I typed "Luna" in the youtube search bar and had to come and tell you. The amount of scammers trying to fool people into buying is insane.

[@theunknowman12]

And looks like your comment is the same too

[@elcookiemonsteru]

If it feels like a scam, it is a scam!

[@joshduymel2524]

“De-pegged all the way down to 69 cents… nice” 😆

[@tcritt]

Good catch! You must have an especially filthy mind. Haha.

[@charlesm.2604]

Peg 🤨

[@1chienandalou]

30 something even

[@largenuts7090]

@@tcritt he literally said it in the video

[@tcritt]

@@largenuts7090 yes. Hence 'good catch'. What's up? Specially abled?

[@XIIchiron78]

When I first saw this concept it confused me a great deal. What these stablecoins are doing is basically asking to be attacked with a giant billboard. They are promising to spend an unlimited amount of money to maintain something they don't actually control.

[@benlong1062]

This is one of the most valuable channels on crypto. Your work is incredible. Thank you!

[@luckyman9903]

The only coin I’d ever invest in would be the $Zilla coin, because if coffee were to scam us, The world would cease to exist and everything I believe in would crumble

[@androhyper9485]

Lmfaoo

[@leonidaszatchbell2122]

😂

[@violetblossom7]

Literally who would be the one to investigate Coffee? 😢

[@lot.bajrami]

does he really have the $Zilla coin?

[@valentinered3657]

@@violetblossom7 it would be funny if he investigated himself🤣🤣🤣

[@donaldhysa4836]

This expert person you got here sounds like Elizabeth Holmes you trynna do a rug pull on us?

[@carlphilippgaebler5704]

7:00 "they've now made it so criticizing Terra and Luna risks destabilizing the larger crypto ecosystem" That... That is a hostage situation

[@gwills9337]

Not really. Reminds me of Bitconnect 2.0

[@sanisidrocr]

Many longterm bitcoin holders actually like when the whole market crashes and extended 2 year bear markets specifically because we know that 99% of these projects are scams or pointless and the market needs to clean them out. They can't keep us hostage as we enjoy the bear markets cleaning out the trash , teaching people what really matters and allowing us buying opportunities

[@happyyet5387]

Yeeeeep my mind heard that whole impending situation and immediately went to: "Sooooo, hostage situation with extra steps?"

[@charlesm.2604]

The deepest pockets control the markets and the poorest have to agree cause what else can they do ? How revolutionary this "decentralized economy" is wow !

[@carlphilippgaebler5704]

@@charlesm.2604 instead of the economy being in the hands of a few unaccountable central bankers, the crypto economy is in the hands of a few unaccountable programmers

[@SEMIA123]

my portfolio has lost a decent chunk of money since april what with the economic downturn but people getting wrecked by these shitcoins makes all of my losses and mistakes seem like chump change and honestly kind of helps me keep perspective. I'm really, really glad I learned my lesson with doge and it only cost me a couple hundred at most.

[@absolutelypitiful3837]

At least with the stock market and mutual funds you can cash out and put your money at the bank in case of a severe bear market like right now. With these cryptocurrencies they can go down so much and so quickly that you have no choice but to hold on to them.

[@yes_man_lol]

how much did u lose in term of % and how much US$?

[@JungeAusHettlingen]

@@absolutelypitiful3837 you ever heard of something called stop loss? Ever heard of a bank run? Tell me again how secure your money in your Bank is when literally everyone wants to withdraw some. People seem to forget 2008 lol and how Greek collapse didnt happen.

[@supersonicguy556]

put a couple hundred into doge the same way you put money into a casino: you'll probably never get the cash back, so don't put in money you're not afraid to lose.

[@stupidsnek]

@@absolutelypitiful3837 bull market? Jesus tell us you know nothing about the market without telling us...

[@Nest1117]

During this time, it’s fallen way below 90% so them trying to get it pegged is no longer happening..

[@BonJoviBeatlesLedZep]

So... Decentralised finance, but one massive firm can hold the entire market hostage by purchasing so much of the biggest coin that everyone else has to obey them? Sounds more like a mafia than anything else. And a crappy one at that, if it can be destroyed from within like that.

[@ahmataevo]

51% attacks are very common nowadays, and none of these things have any defense against it.

[@Ancor_Vantian]

That was literally a plot in Silicon Valley (season 5/6?) The piped piper network suffered a 51% attack from VCs and China and they nearly lost everything.

[@ambi3nttech]

Well obviously it didn’t work, so your point is moot.

[@holdenwinters68]

Then get decentralized insurance and sleep easy.

[@CrystalMaidenFeetLover86]

"Other crypto holders have an incentive to pretend that Luna is still worth something even though it isnt" So crypto is basically Fiat currencies with extra steps

[@hansonwinx7843]

Cryptomancy, the art of shilling a coin that's already dead since it started.

[@Treatsandthreadscom]

Cryptomancy lol

[@BleachRush]

i think you should coin this word

[@investfoxy]

So 20% APR on Anchor protocol seems to be reason why people got into Terra and also why it collapsed

[@lafondawilliams]

yes and no lol

[@bacco4930]

Man do you know that there was a dinamic rate? They Just find a weak point and Attack..

[@dinsilkhannaz7696]

those 20% return is a equivalent to ponzi scheme and not sustainable. and Luna minting should be over collateralised with multiple crypto assets like its predecessor Dai MakerDao, and auto liquation in its coding

[@junioradult6219]

@@dinsilkhannaz7696 this guy gets it

[@bacco4930]

@@dinsilkhannaz7696 Easy Say this now..

[@TheEagleEnigma]

the fact that a huge supposedly respected crypto project has to to turn to manufactured scapegoats and so on at a time of crisis says a lot about the crypto economy in general

[@MK-qm4cx]

This crash was orchestrated by blackrock/citadel. Do Kwon from terra took the bait by accepting thier btc offer after thier initial udt buy.

[@cagneybillingsley2165]

buy the dip, idjits

[@hola_chelo]

@@MK-qm4cx Or maybe it was just unsustainable from the beginning and it didn't work out, as it shouldn't have

[@lalchimiste7796]

you just had to watch token distribution to know that it was a real shitcoin

[@IamGrimalkin]

​@@MK-qm4cx Maybe, maybe not, but if the stablecoin is so fragile it can be wiped out that easily; it was probably going to zero regardless.

[@DylanDogecoin]

When we needed him most he shows up. Coffeezilla knew he had to jump on this

[@pilotz2112]

We need him to break the story BEFORE the crash.

[@koppsr]

“A wizard is never late. Nor is he early. He arrives precisely when he means to.”

[@Redkey7]

Fr tho I knew it was all cuz of anker protocol but didn’t see this coming. I’m having a field day I’m just buying up all my top 10 coins

[@DrunkJackal]

Blessed.

[@DylanDogecoin]

@@pilotz2112 he could’ve warned us of this problem in this crypto. But the only ones that are worth looking into are the ones that are BLATANTLY obvious or after the event occurs. This crypto wasn’t on the top of his list of at all. He’s gotta expose celebs and ridiculous scams

[@Dylski.]

Sold of my crypto in January because I needed the cash there and then. Guess it was a good decision 🤣

[@ItsaMe444]

I wish I've sold that worthless crap around that time

[@giorgi7757]

I sold in june or july when Btc was around 57 and never looked back, but with current dumps I might get in

[@sloppypotato00]

it's all started in December before the fed thing i made a good decision cashing all of my crypto and then this happen 😂

[@milesdusty1607]

@@giorgi7757 Good choice

[@mitrom9825]

@Steve Arthur 22k is the lowest it’s going

[@brankodrljaca1313]

Bought at 20, exited at 86 thinking I am giving up on my fav coin and that I will be coming crying back soon enough. How wrong was I

[@AlexAlcyone]

wel played, the only way to guarantee profit is to sell while you are still up. Game of roulette this, hey.

[@meg5986]

me and my dad were talking about crypto, from the point of it generally being a really bad and unstable investment, literally yesterday and he mentioned how he works with a guy who was claiming he was going to retire by 30 because he had invested heavily in luna, im gonna guess that plan has changed now

[@Mstrofpup]

If only people would spend some time to learn the difference between Bitcoin and the rest of crypto. People are so uniformed it's almost comical.

[@johnc2438]

He can still retire... and live on the street!

[@antonykimani3967]

how old are you and how old is your dad that his co-worker will retire by 30?

[@sinaalami4148]

I thought this conversation was going to be one of those crypto scam bots.

[@tbarracl]

@@antonykimani3967 why cant his dads co worker be in his 20s, im confused.

[@thephilosopher7173]

The only way this whole cycle of scams ends, is when ppl realize the purpose of crypto was to REPLACE the current system, not supplement it by trying to make money. If you're trying to make money from this, and aren't wealthy, you have lost.

[@b.sbobbyshaw]

Institutions have already adopted certain advanced systems, known as "ISO20022" assets.

[@dereksbooks]

Exactly this. This is also why these crashes are necessary to clean out the crap coins, Ponzi stablecoins, and gamblers.

[@dzmanhooo8602]

Indeed all of those trash shitcoins will fall its the repeat of the dotcom bubble... Sift through all the trash projects find some gems like i did invest a little bit and just wait a couple years till they rise up from the ashes!

[@MisterBinx]

Oh, I lost when I bought Bitcoin at 2000? Please explain how that works.

[@satriosukarji1777]

@@MisterBinx Are you wealthy? If you are, then what are you talking about. If you're wealthy, this comment isn't talking about you, it literally says: "If you're trying to make money off of this, *and aren't wealthy* , you've lost."

[@Max_Krypto]

Says a lot that we are going through massive inflation here across the world which Bitcoin was meant to solve and yet the hedge never works during tough economic conditions. It’s a risk on trade hence why big investors start selling when the stock market turns bearish/uncertain

[@mikel87]

Same with gold and silver. So whats the answer then?

[@skippyzk]

@@mikel87 Corn

[@boomslang4109]

@@mikel87 Corn

[@Max_Krypto]

@@mikel87 uhh Iast time I checked gold and silver are not down as much as many/most of the Cryptos. Big difference when your talking about millions/billions of dollars from a 20% loss compared to 50%

[@ballshippin3809]

Bitcoin is still classed as a risk asset which is why it fluctuates so much. It's no different to tech stocks like Amazon and Google during the early 2000's.

[@Prugh]

Dont listen to the haters, Dropping 95% is just FUD. /s

[@chuggynation8275]

💀

[@abdiganiise8499]

Loool

[@kieranpearce9422]

Best comment here

[@zilliq]

Loved the interview format and the guest was awesome. Keep em coming

[@TheGhettoGinger]

It's weird, I've learned more about Crypto from your videos on the scams, that I realize now I didn't know shit about Crypto.

[@BufoOnTheBeat]

Is Coffeezilla algorithmically backed by coffee?

[@misterlinux9290]

Well caffeine addition would be the inflation of the $zilla stock

[@Rapido20]

Youre on to something

[@reee_4067]

That makes zilla a stablecoin

[@ThePapaja1996]

coffee has performed really well this year

[@diemervdberg7661]

will you buy $ZILLA?

[@olivermakower2479]

Not too long there was a theory that terra would go to the same value of BTC, due it being backed by it. This is one case I am glad I didn't buy nto the hype

[@supertrooper6011]

Correction: Luna & UST *were* in the top 10 cryptocurrencies

[@arifhossain9751]

yes. that is exactly why this video was made.

[@chuggynation8275]

Lol some people will never learn.

[@ReapermanUK]

Correction: Correction: Luna & UST were in the top 10 scamcurrencies

[@supertrooper6011]

@@arifhossain9751 I get that... I presume this video was recorded before they actually dropped out because cz used are (present tense)

[@ClockworkApe]

This video is a time machine. Those were the times...

[@dimitaracev334]

Apparently Do Kwon was one of the co-founders of Basis Cash, another stablecoin that failed. It's probably worth a look at.

[@dandruff3414]

More like K.O. Down now lol

[@regulate.artificer_g23.mdctlsk]

Do Kwon Death

[@Mugen0445]

@@dandruff3414 D.K.O.

[@neltins5308]

Do Kwon kept trashing every other crypto & now look at this .-. UST is at .15 cents, terra luna is at less than pennies, he literally lost a ton of good hard working people trying to beat inflation 10s of billions of dollars, and he still has such a huge narcissistic ego, why do psychopaths always run all the big companies

[@dinsilkhannaz7696]

soon Do Kwan will be expert in algorithmic stablecoin and may be able to create the perfect stablecoin, BUT at the expense of his investors blood!!

[@MrMoneyMindset]

LUNA might be crashing, but inflation is going to the MOON! See what I did there?....ha....no?.....okay

[@ArreSidu]

Inflation go to the moon 🚀🚀🚀🚀 Seeesh! Seeeeesh! Seeeeeeeesh!

[@Dan-nr3om]

It actually went down 🙄

[@surgeyibrahimovic5013]

@@Dan-nr3om you sure?

[@woodside4life]

You clever bastard, you.

[@dandruff3414]

Out! Now!

[@Mr-pn2eh]

The fact that Luna investors call themselves lunatics says a whole lot about their lack of ability to think clearly. I'm sticking with physical precious metals instead of crypto. At least I can actually hold it in my bare hands and figit with it. I wish more of today's generation of youth (ironically I'm only 23 years old) would abandon crypto and nfts and start stacking precious metals (gold, silver, platinum, palladium, rhodium, and sometimes copper).

[@Prometheus7272]

Bitcoin has faired the best in this downturn. That alone says alot.

[@Mr-pn2eh]

@@Prometheus7272 bitcoin my ass.

[@Mr-pn2eh]

@@kingparzival1436 like I care

[@thebatmanwholaughs]

you sound just as crazy stacking rocks lmao

[@notdemonetizedshorts8094]

I think precious metals will eventually have their moment but stocks generally have a more reliable return. With that being said, right now we’re in a bear market so cash all the way

[@ASoberBear]

Guys… just go into a job, business or invest in a physical asset… this is beyond dumb.

[@MrOnlyUp]

Lost about 10 k with Luna, it’s not my lifesavings but definitely hurt. And I sold at 44$, can’t imagine the lunatics that went down the death spiral with existential money in it

[@ZeusRL]

How much did you invest and how much did you manage to make it out with? Congrats on not losing it all and getting out while you still could

[@iseriver3982]

I laugh in your general direction 😂

[@MrOnlyUp]

@@ZeusRL think it was like 25 k invest and I went out with 15 k once I realized UST was unpegged, it was down 40% already and I knew about the death spiral so I took all of it out

[@edwardfoster6136]

You got lucky, smart move selling at 44. Jacob bought at 60, held down to 19, now stuck,

[@missingno88]

@@edwardfoster6136 is this shit going to pump again? not sure whether to ape or not at this stage

[@aaronmarko]

Remember when crypto was supposed to save us all from traditional finance?

[@elfpi55-bigB0O85]

it's saved alright, its saved millionaires from having to hide how they manipulate the market

[@endoftime0]

You're silly if you think crypto is already in its honeymoon phase

[@edwardfoster6136]

A d you feel it's a hoax?

[@phillumenistfilms]

There's always bad actors .... never ends.

[@shenanigans2877]

@Michiel Karrenbelt It doesnt make sense if you somehow forget that the global economy uses centralized fiat currency

[@johnc2438]

These "coins" are not assets. They're gambles, pure and simple. They need "greater fools"; when the fools leave the party, game's over! "IT'S OVER!" If it walks and talks like a scam, it's a scam!

[@holdenwinters68]

I made 10x on Luna. More scams please!

[@paulmahoney7619]

@@holdenwinters68 Feel good about having money made because of all the poor fools who bought in after you and lost it all?

[@duhbullb]

Greed is a powerful emotion

[@BobPagani]

@@paulmahoney7619 Sociopaths don't give a shit who they hurt.

[@jaden6211]

Why is it that almost every coin turns out to be a scam or just fails on its own lol

[@mariuxxxx1]

maybe because they don't have actual use

[@greggreg1948]

Cause crypto investors don't even understand how the thing they invest in works

[@teemumiettinen7250]

You just look at the scams from the thousands of coins. I can list countless regular stock market companies that were scams, would you say the whole stock market is scam then? Wirecard, Enron, Theranos, Bernard Madoff investments, WorldCom etc.

[@teemumiettinen7250]

@@alrebor2089 Theranos happened way after stock market got regulated, regulations dont stop scammers.

[@teemumiettinen7250]

@@alrebor2089 Have fun investing in Enron 2.0

[@zakkwhite4571]

The guest is like if Josh Gad went into Crypto instead of musicals in high school.

[@TwoTreesStudio]

So glad somebody noticed that Dan Larimer literally came up with this a decade ago. Back in the day he had a new coin every couple of years just to extract money from rich DC-area kids at Virginia Tech lmao. Gotta respect the hustle I guess.

[@treetramp7249]

You know what adds a lot to a person's beauty....honesty.....I love watching two honest people having a discussion.

[@tristanberndt6895]

Yo I need help, should I just buy crypto now?

[@helloly]

🙄🙄

[@thecoolestofthe834s2]

@@tristanberndt6895 dont unless you can hack wallets dont

[@pompi23851]

cant create value from nothing.... dollar: ''hold my beer''

[@teemumiettinen7250]

Inflation: *Im gonna end this currencys whole career*

[@Annamilgreen]

Me: isn't everything crashing? Me, after looking up how much LUNA has plunged: omg, wtf

[@Kuziai]

Man when all these crypto currencies came out i said its gonna be fun. Well i was right it is fun to watch :D

[@volvo09]

I was wondering which coins would fail during this crypto bull market.

[@smeff099]

It's always fun when you make money and get out before 🤙

[@eniss353]

lets talk about it in a 10 years ;)

[@rydenkaye9735]

In ten years these projects will still have lost millions or even billions of dollars. Even if crypto as a whole sticks around, these guys won’t lmao

[@swimsvg1855]

@@eniss353 when they no longer exist? Cant wait.

[@jrzgrl73]

I'm so glad I found you before I sunk anything into some of this! I still don't quite understand all of it, but you make things make sense. Thanks much

[@alrighty6898]

It’s simple. Buy and hold. Diamond hands

[@TheOnlyUmagon]

Good thing you didn't lose money. I've e lost 400 dollars in crypto.

[@parthgupta8881]

@@alrighty6898 cult behaviour

[@DrunkJackal]

If you don't understand it, don't invest in it.

[@demacherius1]

@@DrunkJackal Copy that!

[@Gremlinpoop]

There are clueless people on my FB feed saying “buy Luna” these are the same people trying to act like they know what’s going on. I love watching them sweat Lolol

[@WalkinChristum]

let's be honest no one can predict what's happening with the market, now the best that we can do is just hold until we're in the green again

[@liberty1981]

the market is going down.... buy gold my friend

[@Dafboss]

Hahahahaha

[@ThammachatMepokee]

Good luck

[@RealNiceVids]

Learn macro-economics

[@calamorta]

Now crypto bros should go all in to make their coins cheaper. At least that's what you should do when you're investing in a solid company and a crash happens. You know it's going up again.

[@sweepingtime]

Like we all think that crypto crashing and burning is new but is it, really? Does anyone remember what happened to tech companies in the past, assuming that we consider the programming that powers cryptocurrency? The dotcom burst? Atari executives saying, they could put shit in a game and it would sell? The cycle repeats itself. Simple greed always gets punctured and deflated in the end.

[@bibsp3556]

If there is going to be an eventual stable crypto market, it needs to go through the purges. I dunno if itll survive it

[@DrunkJackal]

Most of those tech companies went out of business during the dot com crash. The survivors were the ones who actually produced something. Cryptocurrencies produce nothing and people are beginning to finally see that.

[@KnakuanaRka]

Could you give more details about the Atari one? I’ve heard a lot of crap about Atari, but not that one.

[@realChrisGari]

@Steve Arthur what tech companies you are talking about are the ones that survived the bubble. once all the bullshit in crypto goes away, some useful coins actually thrive.

[@realChrisGari]

@Steve Arthur huh? Time will tell whether the adoption is as big or not. But certainly you don't think there are coins that aren't useful to be adopted. I was talking about crypto as a technology not as a currency which (most) people think about when throwing their lives into.

[@Ilovewashers]

"I know what they did wrong I'll fix it this time", I imagine that same person saying "I won't give it a name that doesn't have the last 5 letters of a notorious MLM company".

[@OGrandfather]

You know shit stinks when Coffeezilla covers it

[@Martin-qb2mw]

Bennet made a podcast litteraly one week ago saying that LUNA was a piece of shit (Crypto Critic's Corner). What an absolute legend, perfect timing.

[@ΙΩΑΝΝΗΣ-ΠΑΥΛΟΣΚΩΝΣΤΑΝΤΑΚΑΤΟΣ]

You can get 20% returns without having a scam. It's simple and Almost GANATEED. Go to a hyperinflationary country and lend your money, in year it will be worth 1000% less but you would have gotten 20% return and since there is so much money around you will almost always get paid ! You will have much less purchasing power though.

[@xelefonte]

Friend had over $500K in Luna, saw his portfolio down to $1200. He's still alive though and hodling...

[@ginoshemesh]

This is what happens when you’re a hodliot and don’t have stop losses set

[@JiGGio]

@@ginoshemesh and not diverse the portfolio

[@appalachiabrauchfrau]

I know someone who said they'd buy even more, "it's on sale, buy the dip," but all it reminded me of was that scene in the big short. Q: From the time you guys started talking, Bear Stearns stock has fallen more than 38 percent. Would you buy more now? A: Sure. Yeah. I'd buy more. Why not? fuckin nuts that people refuse to accept the death spiral and sell at a loss

[@stockstreamtwitch]

The more I hear about LUNA and how it works, the more my mind explodes. 🤯🤯🤯

[@auto6547]

this manz sounds like the lady from theranos

[@richardswabey9927]

Yo, Bennett getting the rep he deserves! Crypto Critics corner hit this like days before the crash, it was epic.

[@Greenboipapi]

Safemoon looking like a safer bet then Luna at this point

[@rc1982]

"When someone promises you 20% return, it is a scam!" ARGENTINA'S CENTRAL BANK: "Amaturs!"

[@TheCubicleForce]

So who is pegging whom?

[@timothymiller806]

Do Kwon is pegging the crypto bros

[@PortCityBalrog]

I can't lie it seems all these crypto investors always seem to lose. I'm convinced 90% of all online investments are eventually outed as scams

[@milesdusty1607]

That's because all you're watching is detective and crypto exposing channels. It's that simple, you need to expand your circle. There's a whole world beyond your small fantasty

[@vazzy5080]

@@milesdusty1607 thats true miles, name me the discord servers ur a part of dude!

[@Kk-wp5rl]

@@vazzy5080 safemoon is the future :D

[@milesdusty1607]

@@Kk-wp5rl That shit's dead. Have you not seen coffee's videos about it?

[@milesdusty1607]

@@vazzy5080 Discord servers? haha

[@PARRAesp]

I love getting my scammer ads before my coffee video.

[@dickenshonest]

Would love to work with you. Love the deep research you put in your investigation

[@judgemanny9316]

he is literally explaining a ponzi scheme as if the holder of the main coin. if he pulls then it all crumbles. PYRAMID

[@longbeach225]

Just like stocks.

[@Purestplace]

People talk about crypto as if its gods money I.e gold and silver. The fact is that digital money is only digital and is put of your control if shit happens those digits are gone forever and you are left with nothing 💯 nothing. Digital money, mobile money, crypto contact less payment whatever else you want to call it. Reality is digits will disappear one day. Prepare my friends. Buy silver or real estate. This is not a FINANCIAL advice.

[@SakiniCZ]

Stability from nothing on nothing? I'm so glad I just flipped Luna and ran a week back with profit, something really was hanging in the air. I really didn't like the BTC hoarding. Goodbye Luna and sleep well, you made me some nice money.

[@amysmith6621]

You are very smart, if I can be as smart as you, I will not lose money, what better choice do you have now?

[@disser3849]

Crypto bro: I really hate how abstract and detached finance is from economy. Also crypro bro: WHAT!? THIS STABLE COIN FINANCE MAGIC IS REAL AND MAKES TOTAL SENSE!

[@amharbinger]

So they have this stable coin a bail out plan? Isn't the stable coin supposed to be stable?

[@deepg7084]

I keep watching these videos thinking one day it'll all click. I still don't understand a word they're saying. Still love the channel because I love seeing scammers get exposed!

[@bellylemay2422]

lol me too. i dont understand the fundamentals of crypto i guess. just doesnt click with me. all of coffees videos are so entertaining nonetheless

[@sayamqazi]

I can give you a simple but somewhat incomplete explanation. As you already know the REAL currency you have in hand is only worth it because everyone just agrees that it is. Of course the paper with print cant have value so it needs to be tied to somehting that cant be just made out of thin air so that guarantee is gold. it is rare. it doesnt go bad. It cant be made infinitely. Now coming to crypto, it is the same but the underlying value is made by a computation process. Thats it.

[@voland6846]

@@sayamqazi Currencies aren't guaranteed by gold. They're guaranteed by the expectation that a state will continue to exist, continue to have a tax base and continue to expect taxes to be paid in that currency. It's a little more complicated than that, but that's the basic gist.

[@therighteous802]

I generally couldn't care less crypto, but I can somewhat understand the rage against centralization, meaning governments and big banks. So I guess if you believe in the future of crypto, something like BTC, ETH kinda makes sense. But why on earth would anyone put any faith in cryptos backed by private companies? That doesn't make any sense, you basically put the same type of power in the hands of a much less trustworthy entity.

[@ShaadowSefiroth]

So are bitcoin and eth the only safe crypto ?

[@cbongiova]

No. They are all scams. Just those 2 may be the last to die.

[@J_Clean_1996]

Another cryptocurrency that I chose not to invest in crashed. Surprise surprise.

[@J_Clean_1996]

@@dans2971 I disagree. I'm not freaking out everyday; far from it actually.

[@jeffashley8172]

Since filming this it has dropped to 1 cent.... mother of god.

[@resmarted]

"You can't create value from nothing" Tell that to the federal reserve and every other central bank.

[@ZeromuS_]

I think the "they can try to get partners to shore up the peg then try to rebuild trust" bit sounds a whoooole lot like central banking borrowing from other central banks. "Spending Bitcoin reserves to hold up the value in the short term" also sounds a looooot like QE. Wow. So different from central banking fundamentals which are "evil" (Aside from the promised gains and ponzi stuff)

[@fluidthought42]

It's kinda funny how the crypto market has just been speed running the entire history of market catastrophes and showing everyone why regulations and government involvement are so important.

[@dashmeetsingh9679]

Regulations are not needed in crypto means that each buyer can take decision owing to its own research. We all are witnessing how that is going

[@_Aemse]

you also forget that its "tHe ReVoLuTiOn BrO" they're sticking it to the man, one crypto bubble at a time.

[@snooganslestat2030]

@@_Aemse to the moon!

[@KnakuanaRka]

You had one job, stablecoins! ONE JOB!

[@wiselaex1234]

just bought 40k in luna because why not im hopeful and after watching this im glad i did

[@brandongroth4569]

The more I hear of these wacky crypto scams the more I am happy investing in regular stocks. Feels like the entire cryptocurrency exchange is all made up and the points don't matter. The best comebacks I have seen are "You just don't understand crypto", which is exactly what someone who also doesn't understand crypto, but is invested in it, would say.

[@DrunkJackal]

Exactly. Stocks are part ownership in a business. Businesses produce something. Crypto-coins produce nothing and can be created by anyone, negating the scarcity argument.

[@Top10soon]

Well idc I made 80k last year on a $3500 investment ...now imma buy more things cheaper and play the waiting game 😁 idk what im doing

[@swastikstudy4441]

@@Top10soon cool, but if you would have stayed invested in luna then probably your 3500 would have turned into 5$. So pls think about that case as well. thanks

[@Top10soon]

@@swastikstudy4441 i never touched luna..when it pumped like crazy I told myself "fuck I missed out!" 🤣 so I never got in like alot of noobs do chasing huge pumps

[@teemumiettinen7250]

But you have to do your homework on regular stocks as well, or you are going to find yourself holding Enron stock...and the rest is history...

[@kd-zq5oq]

All these "smart" people spending all this time building Skyscrapers on sand and wonder why the tide always seems to wash them away (pun intended) lol

[@smolus0512]

I think these people know exactly what they are doing.

[@ximbax8611]

This Bennett Tomlin guy is giving me Super Dave Osborne vibes. RIP Bob.

[@Awesum]

Great stuff coffee, this the content I wanna see

[@wetnaptkins3363]

As a Tarkov player, I was already suspicious when I learned they were called “Terra Labs”

[@CryptoPandas]

You’re a legend

[@michealryan9664]

Bro sounds like Elizabeth Holmes😂

[@Nova-zo4ol]

Both of yall just saved me from buying the dip thank you 🤞🏾💯

[@bloodbath-and-beyond]

I dumped this poopcoin entirely on April 2nd when it hit its last peak. The signs the end was near became evident a month ago. Everyone saying I was spreading ‘fud’, I say: HAHAHAHAHA

[@machfiver753]

What all these stablevoin failures have in common is that the creators siphon off too much of the backing asset which stops them from being transparent and making withdrawals easy and seamless without hammering you with fees that make banks look free.

[@koppsr]

Poor coffee, can't catch a break with crypto crashes. By now coffee's blood probably turned into his namesake, since it's the only way he can keep pumping out his amazing content with the same these coins tend to crash and burn! Please never stop coffee, people need you!

[@BigOwl51]

Crypto bros would rather go bankrupt than admit that they’ve been duped. Natural selection at its finest

[@flypimpinogflypimp2126]

You need to do more videos with that robot in the bar! I like when you talk to that robot, and he tries to talk you out of things. It's funny

[@kylemiller7666]

Some might call it a Terra-flop... I'm here all week!

[@PiriyaSambandaraksa]

perfect

[@naysay02]

Matt Levine at Bloomberg did just that

[@kylemiller7666]

@@naysay02 fuming! Just googled it and you're right!

[@naysay02]

@@kylemiller7666 nah man, that wasnt meant to call you out...just an observation

[@user-wr4yl7tx3w]

How was Anchor able to give 20% interest rate? Where did Terra come with the funds to subsidize the high rate? Using up their capital?

[@VenaMarissa]

They said it comes from their "marketing budget".

[@sirsluginston]

I saw a tweet a few days ago warning of a potential depeg and got out than and there. I knew Anchor wouldn't last long, and once the APY started dropping people would exit en mass. Couple that with a solid billion dollars of shorts and this was inevitable.