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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules
- Thread starter breakYODAy
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- OT
If you're thinking about putting your money into LUNA now, DM me and I'll give you my bank details and then you can give me whatever you were thinking to put into LUNA and I can promise you that:
1) You'll get just as much back as you would buying LUNA and
2) It would do a lot more good than pissing it up the wall buying LUNA
1) You'll get just as much back as you would buying LUNA and
2) It would do a lot more good than pissing it up the wall buying LUNA
User threadbanned (permanently): drive-by trolling
I do not think it will take down all cryptocurrencies with it, but I am very glad it happened and would *love* if it took down all cryptocurrencies with it. Since unfortunately, the EU did not outlaw this ecological disaster, it would be great if crashes of big coins were to destroy the market altogether. There is at least hope that Luna scares a good portion of people off so a bit less energy is wasted on this bs.
Reported. It's not accepted practice to come into an OT of a topic just to shit on it. You have the entire forum to post this in. No need to come in here and do it as well.
Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules OT
You're really going to trivialize the troubling adoption of cryptocurrencies by white supremacist groups to fund their dangerous operations? No wonder this thread and crypto as a whole is considered a joke on this site (aside from all the other reasons crypto is a joke of course).
www.resetera.com
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It's not a question of if, but when.
Seeing shit like this makes me want to pull a Brandson and pull out everything entirely until we start over. On the other hand, it's still a long term play for me and I want to maintain my long-term capital gain/loss treatment.
Wow, what a crazy time, feel bad for everyone who apparently went all in on LUNA. I like reading loss porn and shit as much as the next guy, but I genuinely feel sad at people who may have ruined their lives over it. Always kinda feel a bit sick when I see the suicide shit, hope they can eventually manage to pull themselves up. Just a wild time currently. Its funny looking at my history of screenshots I took and screen grabs to show the buddies, how much I was up, and now I'm down about half. Dont get me wrong, I'm still up significantly, but damn haha.
Not feeling too panicked or nervous, but maybe I should be lol. Times like this I'm still glad I always was too boring to branch out from BTC and ETH. When things are going bad, it is relatively easy for me to just duck out from reading anything about crypto, and just ignore it for long periods, so far, its always served me well and everything always rebounds up again. Not saying its gonna happen again, but I've been through more significant dips in the past. I remember back in the day when it hit like 19k, and I was pretty pumped, and then it cratered all the way down to like 3k or something, and my family making fun of me telling me I shoulda sold, I told you so etc. All good natured but I remember thinking "shit, maybe I shouldnt have held" I guess we'll see if history repeats, or if I'll think maybe I shoulda got rid of a big stack at 60k.
I'm not selling, but I'm not buying either. Tough decisions ahead for some people, but I'm lucky enough that I can at worst case, just afford to eat it and I'm not feeling too stressed about it.
Not feeling too panicked or nervous, but maybe I should be lol. Times like this I'm still glad I always was too boring to branch out from BTC and ETH. When things are going bad, it is relatively easy for me to just duck out from reading anything about crypto, and just ignore it for long periods, so far, its always served me well and everything always rebounds up again. Not saying its gonna happen again, but I've been through more significant dips in the past. I remember back in the day when it hit like 19k, and I was pretty pumped, and then it cratered all the way down to like 3k or something, and my family making fun of me telling me I shoulda sold, I told you so etc. All good natured but I remember thinking "shit, maybe I shouldnt have held" I guess we'll see if history repeats, or if I'll think maybe I shoulda got rid of a big stack at 60k.
I'm not selling, but I'm not buying either. Tough decisions ahead for some people, but I'm lucky enough that I can at worst case, just afford to eat it and I'm not feeling too stressed about it.
What is up with people even trying to buy Luna right now for a quick buck. It's pretty apparent now you will get wrecked whether it's a little or a lot invested. People getting that Vegas roulette fomo for some reason.
After the past 18 months or so, people seem to have a hard time seeing a 99% drop as the death of a token and not just a fire sale.
Lmao the $10 worth of UST I bought two days ago is now worth $0.55. I feel bad for anyone who degened into the idea that they'd regain the peg.
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I must be reading the wrong chart because it says right now you'd be down.
Perhaps looking at Luna/UST somewhere, which obviously is nonsense since UST is nowhere near it's peg.
Luna/BUSD is still on tradingview, down to 0.000027 or so. Deader than dead.
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Boy am I ready for the sudden and inevitable implosion coming soon for Tether.
I have been waiting for Tether to blow up for literal years. It would be nice for the long term if it did. Its shady, everyone knows it is. But I think people dont want it to pop because they are afraid of short term to mid term market damage. But better now than later man. Just kill it.
Maybe stablecoin legislation/regulation will really hit this year and kill it for good.
Assuming anyone is really buying it ... as its being delisted in certain exchanges which is crazy.. I have to hope its a joke and they aren't putting a sizable amount into it. I have to imagine most are smarter than that.
Made some small purchases yesterday. Now that things are slowly getting in the green it's back to myself not doing a damn thing and hodl. From what I've read and watched the pain isn't over. 21k bitcoin is on the table and if it does go that low, I want to be ready to scoop up as much as possible.
$21-22k is my target range if we capitulate again. Setting aside cash.
I left the window open... Well don't I look silly! It's rallied to 0.00008 now, people could have tripled their investment! Lol :D
I wouldn't be so sure that this is the end. More like a bounce.
What makes you say that?
If you haven't read up on what's happening with Luna, probably best not to make calls which might influence others to buy.
I am not too well read about Luna but wanted to just comment to provide a cautionary reaction, from the little I know they are minting new LUNA a lot, so its likely there will be a LOT more luna out there driving the price down even further.
If you have some knowledge you didnt share would be really keen to hear it but if your just making off hand calls... please be careful what advice you put out here.
I think the comment is about the market in general, it's recovering a bit now that Luna is dead, not hat Luna is recovering.
Luna is now worth 0.000019 with a market cap of mere millions - they can print as much as they like, it's not going to have much effect on anything any more. It's dead, Jim.
I dunno, Coinmarketcap says Tether still hasn't re-pegged. I would be very worried.
This Luna saga has been entertaining as hell. Hopefully Do Kwon gets what's coming to him (probably won't). I'm really baffled by the amount of people throwing money they can't afford to lose (I.e their life savings) into an alt/memecoin. No sympathy from me in that regard. I get you're praying for a moonshot but really how dumb can you be.
the suicidal posts made me shiver tbh. i hope they are fake :(
What fundamentals are you basing this target price on? Why not 20k or 22k?
Man, sold my very modest amount of LUNA at the teeniest of profits months ago and I am so happy about it.
But overall, my adventure in crypto has been a net loss of about 30%. Thankfully I didn't put anything but play money in. The only thing I have left is about $60 worth of Shiba. Sold everything else off in chunks as I think NFTs have stolen all the excitement of the get rich quick investors, and the tangible benefits of the coins haven't caught up to the amount invested, and might never.
But overall, my adventure in crypto has been a net loss of about 30%. Thankfully I didn't put anything but play money in. The only thing I have left is about $60 worth of Shiba. Sold everything else off in chunks as I think NFTs have stolen all the excitement of the get rich quick investors, and the tangible benefits of the coins haven't caught up to the amount invested, and might never.
That was just a general number. Anything from 24k down I will be dollar cost averaging all the way down.
Why 24k and not 23k or 25k? Where are you getting these numbers? Is it your "gut" or do you actually have some sort of methodology? I'm just curious how people in this thread arrive at price targets.
I believe 21k roughly corresponds with the 20 week moving average, so that could act as a floor we test in a bad scenario.
Man. No words. What exactly does that help? I'm not sure about that? Anyone that invested then should have already known what the consequences might be? But good to know they are able to do that all with ease. How about also reversing every trade the days before? How about reversing my every trade I made that was wrong? Well sadly (or thankfully?) I'm not using this exchange anyways 🫠😂
Is this industry trying to kill itself? What is this?
Thank you for your perspective. To be candid, given crypto is so volatile I don't know why anyone would use that. Also that methodology doesn't really include the underlying fundamentals of the actual cryptocurrency.
Damn, watch this. He nailed it:
LITERALLY two years before LUNA blew up. This is wild.
It's mostly using history. The 200 week moving average is where Bitcoin sunk to in the previous cycles of Bitcoin bear markets. Back in the Dec 2018 crash and prior. It has to my knowledge gone to the 300 week moving average once. A black swan event (When covid crashed everything) but it was a brief trip down to the 300 before coming back to the 200 and going above it.
So now that its likely looking like its time for another bear market, naturally people are looking at what the 200 week moving average is (Roughly 21.5k or so at this point) for a possible bottom, or at least a good time to buy. Of course nothing is set in stone and no one knows the future. Some people prefer instead to look at the percentage drop from the top. Last cycle Bitcoin dropped like 83% from its ATH during the bear market, so from about a 69000 top this time, that would correspond to a 12k Bitcoin price. Which is much lower than I think many are expecting. But hey, I remember no one expected such a huge drop last time either.
Its fun to speculate, especially when you dont have anything on the line. I can imagine people with cash in the market sweating profusely though.
LITERALLY two years before LUNA blew up. This is wild.
It's mostly using history. The 200 week moving average is where Bitcoin sunk to in the previous cycles of Bitcoin bear markets. Back in the Dec 2018 crash and prior. It has to my knowledge gone to the 300 week moving average once. A black swan event (When covid crashed everything) but it was a brief trip down to the 300 before coming back to the 200 and going above it.
So now that its likely looking like its time for another bear market, naturally people are looking at what the 200 week moving average is (Roughly 21.5k or so at this point) for a possible bottom, or at least a good time to buy. Of course nothing is set in stone and no one knows the future. Some people prefer instead to look at the percentage drop from the top. Last cycle Bitcoin dropped like 83% from its ATH during the bear market, so from about a 69000 top this time, that would correspond to a 12k Bitcoin price. Which is much lower than I think many are expecting. But hey, I remember no one expected such a huge drop last time either.
Its fun to speculate, especially when you dont have anything on the line. I can imagine people with cash in the market sweating profusely though.
Well that's amazing. People that called out Terra got dumped on. Amazingly a lot of people didn't heed a warning. Now Do is back on Twitter trying to safe face and getting people to sympathize. I'll be honest - fuck that dude. His ego is so fucking big it's crazy. For the rest of Terra I have sympathy. I hope that if they really do a LUNA2 without UST, and they airdrop token to addresses that held any sort of LUNA (bluna etc.) before the incident, that he burns his stack afterwards and leaves. Hold steady lads.
Noooo hahaha! They got us good! 😂
Is definitely in line with the fun you can experience at McDonalds Twitter!
The % drop from top shrinks every cycle actually.
Regarding Terra, I had not paid attention to it at all as I've been not trading since Nov 2021 but if I knew how it worked I'd have shorted this as soon as UST started losing and went to 90c because it's a fundamentally flawed algorithm that doesn't work at scale if there's a targeted attack from whales, and it was bound to end up killing each other. And that's exactly what happened. There's been some reports that one of the updates to the network in Nov 2021, actually made the network like 4 times more susceptible to manipulation like this but I don't know much about that to go deep into it.
Even people on Crypto Reddit were able to pick up on that months ago
Reddit - Dive into anything
www.reddit.com
Always be extra extra weary of things that do well in a downtrend/bear market. Luna was basically going up and broke into top 10 market cap while everything in crypto and stock was going down for months.
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