It's one option. Could be a big win if it does. But it's either big win or lose everything. Can't repeg in the next couple days It's probably headed to zero. I don't think that happens though personally.
So since I've been out of the game for a few months, can anyone give me a short description of what's going on? Is it Biden? Elon? Some ponzi scheme wizard?
Well you see a few years ago a massive virus swept an already shakey world. Trump's admin printed trillions of dollars and gave 90% to the rich elites. They spent that money on stock buybacks and pretty shiny things. After trump lost and the money printers slowed down and stopped propping up the markets things went south quick. Inflation kicked in, driven by companies posting record profits yet raising prices while also cutting jobs. Which brings us to a few days ago when a massive crypto ponzi called UST started going belly up and dragging all other crypto down with it.
The bottom was in and it will in again in a few days.
[email protected] the bulls saying the bottom was hit yesterday.
What's a moon cost these days?
We live in incredible times. One day they ll talk about us and the crypto rush. They will write something similar to this:
"buy the dip below 40k"
You're in yesterdays daily ;)
If I was holding UST right now I’d be selling and at least recouping $0.78
Diamond hands brotha
Now it's 85 so you'd have made the wrong decision
Fuck me...down 80%, 60% and 50%...this shit is crazy right now...SMH!!
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Love to see this crash. But little worried about regulation now
LFG about to dump their remaining BTC
Here is a
I hope everyone is well and safe. You hate to see it. I swapped out my UST to USDC as well
2 weeks tops until the SEC comes after luna.
Luna will be the poster boy for regulation
$UST arbitrage oppurtunity of a life time. imagine buying the dollar at a 20 percent discount
30% discount now
UST $2 soon
Good luck friend
Hate to say it y’all but crypto isn’t going to see crazy stuff like November 2021 for a loooooong time. Anything you invest expect not to see again
This is exactly what we were saying last march
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So has luna finally ran out of btc to dump?
Not yet
Grandpa just doesn’t want to go below 30k
On any other average day, every 1 minute of chart watching reduces crypto traders lifespan by 5 minutes.
So what’s the UST / Luna thing? I’m out of the loop on that
Ust isn’t pegged, massive liquidity issue. Luna bought ust to try and shore up the peg loss, therein diluting the float.
History says to do the opposite of this sub. Gonna buy more Luna
Luna from 26$ to like 38$ already.
I must say you are one brave person
UST is now pegged to the Canadian dollar.
God dam you just made my day.
if UST goes back up, will LUNA shit the bed?
Lol so like.. do you buy UST incase it goes back or what
I actually bought some since I borrowed UST with Ethereum... so now I can repay my loan at a discount.
It's one option. Could be a big win if it does. But it's either big win or lose everything. Can't repeg in the next couple days It's probably headed to zero. I don't think that happens though personally.
UST looks to be rebounding
So which one of you here flushed the toilet? 🤣🤣🤣
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Luna can literally go to 0, it happened with other algostables.
Can UST ever recover or is Luna dead
I think it can recover the people over there are doing everything in their power to get it to recover. But long term confidence is gone for LUNA
And people said USDT was the worst stable coin on the market and to use UST instead.
God I know shits crazy
Who here just lost everything... Can't only be me
Well I still have what I had yesterday. It's just worth a different dollar amount
I was fucking 5% down at one point, and just wanted to break even and didn't sell, now I'm looking at 60% down. Fuck me right?
This guy cryptos
The percent increase to get back to break even is much larger after a 60% decrease. Wishing you the best
You are me in 2018
Dogecoin back in the top 10 thanks to LUNA and UST 😂
So crazy everything is lower now compared to when i entered the whole crypto space in march last year... besides ETH an Doge.
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I still don’t understand why you can’t bet $10 dollars on a football game.
Plenty. They never learn
I was wiped out almost a year ago, overleveraged.
shorting luna reminds of when shib was free money 🥲 good times rip bull market
I bet shorts are loading up on luna
All the margin is gone from Kraken.
The one day candle on UST is literally a cliff. Flat then 90 degree
Never thought I’d see BTC in the 20k range again but here we are
Watching the Terra Luna ponzi scheme collapse in real time is hilarious. I think their sub stopped any new posts too, LOL
It always smelled like shit to me.
pretty sure bitcoin will shit the bed since do kwon has to offload all his bitcoins
Didn't he buy for like 3 bn in bitcoin? That's not enough to crash bitcoin...
0.64 UST. What a stablecoin. Now it looks exactly like crapdano
You cant f5 UST quick enough to see the fall wow
Just watch the live chart mate
BRO UST IS FINISHED WHAT AM I WATCHING
Biggest buy signal for me today was reading this thread of everyone freaking out.
Biggest sell signal is the diamond hand avatars saying they are buying
You should buy UST/Luna then
Kraken won't let me short Luna anymore. I was making so much money....
Sheeeeeiiit we may be able to buy back pre 2017 levels if we keep this up!
This one is for the history books I guess
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Then someone creates Lerra Tuna!
Same thing that happens after you catch a dollar bill on fire
That bet between Do Kwon and that guy looking a bit dangerous for Kwon now.
This one is for the history books I guess
Have everything in UST. Can only wait for the outcome now... This space is brutal
I got out at a 6% loss and I feel like I dodged a cannon.
You'll recover one sunny day
Better to walk away with something than nothing
Hope it's not too much mate.
It’s in a death spiral so I’d get out
Lol. Out of the top 100 coins, UST is the sixth biggest loser today according to CMC
This is fine... (Fuuuuuuuuuuuuuck)
What a fucken shitshow… I love it
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Literally no one there but you
Hey there, you! Come to the new daily :)
UST officially below $0.70
I can not believe my eyes...
Terra Luna is still about $30 overvalued
What is everyone here doing with their Luna? Down 70%. Give up and sell or will it level out and bounce?
I bought some today around $40. Just gonna hold. Not life changing money.
Just sell it. It's too risky at this point.
Might as well sell while you can tbh.. don’t wanna lose everything
At least you can write your UST losses off on your taxes
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Not nice.
looks like binance removed the 0.70 limit, its gng down baby
Yeah they just fixed it.
Wow I just watched a coin die in real life
I’m buying more right now so guaranteed this is not yet the bottom. Sorry everyone
Wen LUNA same price as crapdano?
I just wish crypto wasn’t collapsing so fast because I’m running out of fiat
We’ve all ran out. Go on and save us young padawan!
Man, whoever is lucky enough to catch these LUNA bounces is making a mint.
Dodged two bullets one on UST and the other on CRO, sometimes it pays off to be slow/uncertain
I sold all mine a few hours before the crash. I got lucky.
Are you me?
I remember the CRO shills like it was yesterday
In crypto sometimes weeks happen within minutes.
It's okay fam, I am selling so this will be the bottom today and it's going to recover tomorrow.
Thank you brave one
shows over , thanks everyone for the 30k support
I want winter baby GIVE ME WINTER
Winter is too cold for my liking. Spring is amazing tho
Trying to short Luna on Kraken. Getting this error
We took all their money.
How low can you go, cause I wanna know, how low can you go
So since I've been out of the game for a few months, can anyone give me a short description of what's going on? Is it Biden? Elon? Some ponzi scheme wizard?
Well you see a few years ago a massive virus swept an already shakey world. Trump's admin printed trillions of dollars and gave 90% to the rich elites. They spent that money on stock buybacks and pretty shiny things. After trump lost and the money printers slowed down and stopped propping up the markets things went south quick. Inflation kicked in, driven by companies posting record profits yet raising prices while also cutting jobs. Which brings us to a few days ago when a massive crypto ponzi called UST started going belly up and dragging all other crypto down with it.
If you had high hopes for LUNA last time, check again. You’ll be amazed
Stonks are fucked crypto is fucked
I feel like a fucking clown for buying Luna. My bag wasn't that big so I'll be fine even if it goes to 0, but fucking hell.
Apparently my bag is too small to sell haha so I am just going to watch it go to $0 and die.
Sold my bag for 5$ profit. Worth it
Strong support at 69c hehehe
Nice
Is it just me or is watching bitcoin deciding to shit the bed or not at 30k is slightly entertaining? Bit like a movie
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Reminds me of GME short squeeze, didn’t get much work done that day…
You haven’t seen naked grandma doing handstand
9th of May 2022 will never be forgotten in the crypto world
You should get out more..
Strap in buddy, you about to see a lot more
Omg just checked UST lmao Jesus Christ
Alexa, play The Rains of Castamere.
This is the 3rd time I've lost over 100k (on paper)
God damn, sell brother
Maybe share some 100ks to all of us?
The adoption rhetoric was used by government to rugpull the people.