GAFU

I lost over $125K in the last year and nobody’s coming to help me

Oh look… back to where I bought in at a year ago. Had several chances to sell above $5. I guess that’s the price of an ‘all or nothing’ risk.

According to coinmarketcap, the circulating supply is $1.74 BILLION Luna with a current market cap of $800 MILLION. If the dilution stopped right now (which doesn’t seem likely given that UST isn’t stabilized), that seems to mean a market cap back at $34 BILLION would only translate into about $20 per Luna. So it seems unlikely this will ever break $5 per Luna again unless there’s significant burn again. Sorry to everyone who’s stuck in this or sold for a loss. Myself, I don’t think I’ll ever reach my break even again

I mean, legit question. What’s to stop the ultra rich - like for instance, those of the crazy variety in S pore town - from taking a sizable position on this coin. Then backing UST to stabilize the peg, selling the coins as the price recovers, and rotating out of UST slowly. Huge wealth transfer.

I mean, legit question. What’s to stop the ultra rich - like for instance, those of the crazy variety in S pore town - from taking a sizable position on this coin. Then backing UST to stabilize the peg, selling the coins as the price recovers, and rotating out of UST slowly. Huge wealth transfer.

Was up $40K on this 6 months ago and held. I’m going to watch it dip below my average aren’t I.

It’s gonna double from here

Dax futures we’ll only the green, yields and VIX lower, yet US futures and crypto swinging wildly… Strange moment. Shake it out and recover.

I just want to say something that I haven’t seen mentioned in a long time. There was a moment over two years ago when BTC was in a bull run while broader global indecies were mostly in a steady decline. This lasted over a month. The analytic argument then was that crypto was diverging as its own market - IMO, still true. I believe the fed’s reduction in purchasing has no direct impact on crypto, as they did not inflate it with purchasing like the stock market. And inflation has no intrinsic affect on crypto, because its value is speculative and separate from the normal downward pressure that is felt by tech stocks, given it’s not a company beholden to generating forward revenue (ie P/E). For those reasons, all that needs to happen for crypto to break to new highs is a simultaneous steady uptrend while broader markets (including gold) trend down. A repeat of history. My opinion only.

How many fucking pump fakes can you cram in a god damn day chart