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<div class="bbWrapper">Bitcoin now at 28k as of this writing. This is very fascinating. First time since 2020.<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/screenshot-2022-05-11-140042-webp.43423/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/40/40040-895580bb18d7a7fd0067097da7dd5b65.jpg?hash=hG_TgUTUR8" class="bbImage " style="" alt="Screenshot 2022-05-11 140042.jpg" title="Screenshot 2022-05-11 140042.jpg" width="333" height="200" loading="lazy" /></a></div>
 
<div class="bbWrapper">20 billion punds wiped off one asset alone in a week. <br /> I can litterally hear the legislators saying &quot;people are too stupid to invest without our help&quot;...<br /> <br /> This is my major concern: crypto is going to be regulated into the oblivion<br /> <br /> P.S: I hope none of you experienced major losses with this episode, folks.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 12657" data-quote="GPM" data-source="post: 1004316" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004316" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004316">GPM said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I bought some Luna at $2.45...<br /> <br /> Probably a bad idea </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Well I mean I posted in here yesterday about getting in at $38 so you could have had a worse idea. I turned $2k into $60 overnight. What a game we are playing.<br /> <br /> Ouch I just checked my lukso too.</div>
 
<div class="bbWrapper">Interesting read about UST. <div class="bbOembed bbMediaJustifier" data-media-site-id="twitter" data-media-key="1524123935570382851" data-xf-init="oembed" data-provider="twitter" data-id="1524123935570382851"> <a href="https://twitter.com/x/status/1524123935570382851" rel="external" target="_blank"><i class="fa--xf fab fa-twitter fa-twitter-square "><svg xmlns="http://www.w3.org/2000/svg" role="img" aria-hidden="true" ><use href="/community/data/local/icons/brands.svg?v=1749395433#twitter"></use></svg></i> https://twitter.com/x/status/1524123935570382851</a> </div><i><span style="font-size: 10px"><a href="https://mobile.twitter.com/OnChainWizard/status/1524123935570382851" target="_blank" class="link link--external" rel="noopener">View: https://mobile.twitter.com/OnChainWizard/status/1524123935570382851</a></span></i><br /></div>
 
<div class="bbWrapper">I just want to publicly thank people who bought BTC at $60k and are selling at $29k. Your BTC is going to good use by people who hold it now. We couldn’t have bought it at those prices without your enthusiasm and investment genius. Thanks.</div>
 
<div class="bbWrapper">Oof.<br /> <br /> <div class="bbCodeBlock bbCodeBlock--unfurl is-pending is-recrawl js-unfurl fauxBlockLink" data-unfurl="true" data-result-id="343761" data-url="https://www.dailymail.co.uk/news/article-10807233/Coinbase-warns-customers-lose-crypto-company-goes-bankrupt.html" data-host="www.dailymail.co.uk" data-pending="true"> <div class="contentRow"> <div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure"> <img src="/community/proxy.php?image=https%3A%2F%2Fi.dailymail.co.uk%2F1s%2F2022%2F05%2F12%2F00%2F57705567-0-image-a-8_1652310789489.jpg&amp;hash=5fa66a2be41111cf6d9a306996f46435&amp;return_error=1" loading="lazy" alt="www.dailymail.co.uk" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/> </div> <div class="contentRow-main"> <h3 class="contentRow-header js-unfurl-title"> <a href="https://www.dailymail.co.uk/news/article-10807233/Coinbase-warns-customers-lose-crypto-company-goes-bankrupt.html" class="link link--external fauxBlockLink-blockLink" target="_blank" rel="noopener" data-proxy-href=""> Coinbase warns customers they may lose crypto if company goes bankrupt </a> </h3> <div class="contentRow-snippet js-unfurl-desc">Following an epic share price decline of more than 27% this week, Coinbase issued a stark warning to customers, your money is at risk if the crypto exchange goes bankrupt.</div> <div class="contentRow-minor contentRow-minor--hideLinks"> <span class="js-unfurl-favicon"> <img src="/community/proxy.php?image=https%3A%2F%2Fwww.dailymail.co.uk%2Ffavicon.ico%3Fv%3D2&amp;hash=c736c918fe3502a7b4824763ee8e6120&amp;return_error=1" loading="lazy" alt="www.dailymail.co.uk" class="bbCodeBlockUnfurl-icon" data-onerror="hide-parent"/> </span> www.dailymail.co.uk </div> </div> </div> </div></div>
 
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<div class="bbWrapper">Who thinks its a good idea to drop a small amount on Luna? Say $200 to $300. <br /> <br /> Also, at what point do you guys feel comfortable really loading up on Lukso? When/if it gets under $2 ? Under $1 ?</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 45623" data-quote="robjohn" data-source="post: 1004367" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004367" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004367">robjohn said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Who thinks its a good idea to drop a small amount on Luna? Say $200 to $300.<br /> <br /> Also, at what point do you guys feel comfortable really loading up on Lukso? When/if it gets under $2 ? Under $1 ? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I bought 50$ worth of Luna. Who knows, maybe it will go to 80$ again.</div>
 
<div class="bbWrapper">Exactly my thoughts as well! Who knows what can happen.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 45623" data-quote="robjohn" data-source="post: 1004383" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004383" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004383">robjohn said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Exactly my thoughts as well! Who knows what can happen. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Not sure if these are bargains or rug pulls...</div>
 
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<div class="bbWrapper"><blockquote data-attributes="member: 22018" data-quote="MitchC" data-source="post: 1004336" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004336" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004336">MitchC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Well I mean I posted in here yesterday about getting in at $38 so you could have had a worse idea. I turned $2k into $60 overnight. What a game we are playing.<br /> <br /> Ouch I just checked my lukso too. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>It&#039;s now $0.12. Unbelievable.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 14720" data-quote="msufan" data-source="post: 1004440" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004440" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004440">msufan said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> It&#039;s now $0.12. Unbelievable. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>$0.02 now.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 36008" data-quote="DWX" data-source="post: 1004441" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004441" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004441">DWX said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> $0.02 now. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Well...<br /> <br /> <div class="bbOembed bbMediaJustifier" data-media-site-id="twitter" data-media-key="1524760198946209797" data-xf-init="oembed" data-provider="twitter" data-id="1524760198946209797"> <a href="https://twitter.com/x/status/1524760198946209797" rel="external" target="_blank"><i class="fa--xf fab fa-twitter fa-twitter-square "><svg xmlns="http://www.w3.org/2000/svg" role="img" aria-hidden="true" ><use href="/community/data/local/icons/brands.svg?v=1749395433#twitter"></use></svg></i> https://twitter.com/x/status/1524760198946209797</a> </div><i><span style="font-size: 10px"><a href="https://twitter.com/xamanap/status/1524760198946209797?s=20&amp;t=uvTOyYaPwd2aaicGFItYLw" target="_blank" class="link link--external" rel="noopener">View: https://twitter.com/xamanap/status/1524760198946209797?s=20&amp;t=uvTOyYaPwd2aaicGFItYLw</a></span></i><br /></div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 86040" data-quote="EmotionEngine" data-source="post: 1004328" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004328" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004328">EmotionEngine said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bitcoin now at 28k as of this writing. This is very fascinating. First time since 2020.<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/43423/" target="_blank">View attachment 43423</a> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I’m curious why the Y axis never start at zero.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 23590" data-quote="Andy Black" data-source="post: 1004446" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004446" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004446">Andy Black said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I’m curious why the Y axis never start at zero. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Looks like it was set to 1 day. Moving it to max gets it pretty close. The overall picture is what I like to see as well at times.<br /> <a href="https://www.thefastlaneforum.com/community/attachments/screenshot-2022-05-12-080522-webp.43436/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/40/40053-9569496c428f4e5150cab23e4c469f7c.jpg?hash=c3SkTD9hLB" class="bbImage " style="" alt="Screenshot 2022-05-12 080522.jpg" title="Screenshot 2022-05-12 080522.jpg" width="325" height="200" loading="lazy" /></a></div>
 
<div class="bbWrapper">Yikes...<br /> <div class="bbOembed bbMediaJustifier" data-media-site-id="twitter" data-media-key="1524760121917665280" data-xf-init="oembed" data-provider="twitter" data-id="1524760121917665280"> <a href="https://twitter.com/x/status/1524760121917665280" rel="external" target="_blank"><i class="fa--xf fab fa-twitter fa-twitter-square "><svg xmlns="http://www.w3.org/2000/svg" role="img" aria-hidden="true" ><use href="/community/data/local/icons/brands.svg?v=1749395433#twitter"></use></svg></i> https://twitter.com/x/status/1524760121917665280</a> </div><i><span style="font-size: 10px"><a href="https://twitter.com/ksicrypto/status/1524760121917665280" target="_blank" class="link link--external" rel="noopener">View: https://twitter.com/ksicrypto/status/1524760121917665280</a></span></i><br /></div>
 
<div class="bbWrapper">I couldnt resist and got into Luna. 96500k for 800 Busd. Its what my shorts gave me roday for ETH</div>
 
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<div class="bbWrapper">The UST/Luna fiasco is interested to see what happens when &quot;belief&quot; in something not real starts to wane.<br /> <br /> <blockquote data-attributes="member: 50816" data-quote="Xeon" data-source="post: 1004281" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004281" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004281">Xeon said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> &quot;Decentralized finance&quot; lol<br /> <br /> <br /> <div class="bbCodeBlock bbCodeBlock--unfurl js-unfurl fauxBlockLink" data-unfurl="true" data-result-id="343628" data-url="https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock" data-host="fortune.com" data-pending="false"> <div class="contentRow"> <div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure"> <img src="/community/proxy.php?image=https%3A%2F%2Fcontent.fortune.com%2Fwp-content%2Fuploads%2F2022%2F05%2FGettyImages-1240408276-e1652246022279.jpeg%3Fresize%3D1200%2C600&amp;hash=2813e7c63b2befb5a1af6732c9b0f84a&amp;return_error=1" loading="lazy" alt="fortune.com" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/> </div> <div class="contentRow-main"> <h3 class="contentRow-header js-unfurl-title"> <a href="https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock" class="link link--external fauxBlockLink-blockLink" target="_blank" rel="nofollow ugc noopener" data-proxy-href=""> Coinbase admits users may lose crypto if exchange goes bankrupt </a> </h3> <div class="contentRow-snippet js-unfurl-desc">If the exchange goes down, it&#039;s taking investors with it.</div> <div class="contentRow-minor contentRow-minor--hideLinks"> <span class="js-unfurl-favicon"> <img src="/community/proxy.php?image=https%3A%2F%2Ffortune.com%2F2022%2F05%2F11%2Fcoinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock%2F&amp;hash=c9d0bbe3fa84f97dc91d60e93d0a2208&amp;return_error=1" loading="lazy" alt="fortune.com" class="bbCodeBlockUnfurl-icon" data-onerror="hide-parent"/> </span> fortune.com </div> </div> </div> </div> <br /> <br /> Binance and Coinbase are gonna do a rugpull any time and their CEOs are going to be buying up Beverely Hills and whatnot lol </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Wow, what an absolute racket.</div>
 
<div class="bbWrapper">My son told me: last summer someone told on social media, how a billionaire cound desreoy the terra system by several actions doing again and again. Terra CEO said no, dont work. <br /> Now this system was used and it was shown, that it works. <br /> I dont know more.</div>
 
<div class="bbWrapper">BTW: I have most in stablecoins. What do you think, is BUSD secure? I sold my Theter 2 days ago.<br /> But now have most on Binance. <br /> Pulling Busd to a wallet makes no sence. Im Binance rugpulls or makes bankruptury, busd would fade in the wallet, too. <br /> And I dont want to invest before Oktober.</div>
 
<div class="bbWrapper">There is a toxic, maximalist coin where you can&#039;t get rug pulled, it&#039;s called Bitcoin or smthing.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 51106" data-quote="YanC" data-source="post: 1004444" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004444" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004444">YanC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Well...<br /> <br /> <div class="bbOembed bbMediaJustifier" data-media-site-id="twitter" data-media-key="1524760198946209797" data-xf-init="oembed" data-provider="twitter" data-id="1524760198946209797"> <a href="https://twitter.com/x/status/1524760198946209797" rel="external" target="_blank"><i class="fa--xf fab fa-twitter fa-twitter-square "><svg xmlns="http://www.w3.org/2000/svg" role="img" aria-hidden="true" ><use href="/community/data/local/icons/brands.svg?v=1749395433#twitter"></use></svg></i> https://twitter.com/x/status/1524760198946209797</a> </div><i><span style="font-size: 10px"><a href="https://twitter.com/xamanap/status/1524760198946209797?s=20&amp;t=uvTOyYaPwd2aaicGFItYLw" target="_blank" class="link link--external" rel="nofollow ugc noopener">View: https://twitter.com/xamanap/status/1524760198946209797?s=20&amp;t=uvTOyYaPwd2aaicGFItYLw</a></span></i> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>For algo stable coin the mechanic is dffierent. <br /> <br /> Luna is falling due to the inflationary pressure. So you aren’t getting a bargain buying it cheap because the supply keeps increasing. <br /> <br /> So don’t fall into the trap jumping it to catch bottom without understanding the mechanics.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 64612" data-quote="Kevin88660" data-source="post: 1004472" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004472" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004472">Kevin88660 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> For algo stable coin the mechanic is dffierent.<br /> <br /> Luna is falling due to the inflationary pressure. So you aren’t getting a bargain buying it cheap because the supply keeps increasing.<br /> <br /> So don’t fall into the trap jumping it to catch bottom without understanding the mechanics. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Well yes, this is what I meant when I posted this. No wonder the price went to 0.1 when supply increases 35x. Then 0.01, 0.001, etc...</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 51106" data-quote="YanC" data-source="post: 1004479" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004479" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004479">YanC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Well yes, this is what I meant when I posted this. No wonder the price went to 0.1 when supply increases 35x. Then 0.01, 0.001, etc... </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Yes I hear about people saying trying their luck with luna using 500 dollar…</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 64612" data-quote="Kevin88660" data-source="post: 1004484" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004484" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004484">Kevin88660 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Yes I hear about people saying trying their luck with luna using 500 dollar… </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I&#039;ve learned that anything can happen in crypto. <br /> <br /> On another note, is anyone worried that the same thing could happen to Tether?</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 45623" data-quote="robjohn" data-source="post: 1004508" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004508" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004508">robjohn said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I&#039;ve learned that anything can happen in crypto. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>That is true but only based on the foundation of hope and pray. Treat it like the Wall Street casinos. This isn&#039;t really the Fastlane methodology to wealth.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 68394" data-quote="Ing" data-source="post: 1004460" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004460" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004460">Ing said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> BTW: I have most in stablecoins. What do you think, is BUSD secure? I sold my Theter 2 days ago.<br /> But now have most on Binance.<br /> Pulling Busd to a wallet makes no sence. Im Binance rugpulls or makes bankruptury, busd would fade in the wallet, too.<br /> And I dont want to invest before Oktober. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>judging that stable coins like USDT &amp; USDC are tied to the monetary system. I feel that even these can be affected.<br /> <br /> The thing with UST is that it wasn&#039;t tied to the monetary system and the dollar, it had Luna act as a stabilizer to constantly keep its peg to the dollar. Obviously, some big institutions saw an exploit and tanked it. Part of all this in my opinion is part of big money and big brother trying to make people afraid of crypto. This is because many people are moving their money out of the bank. Where they use your cash to make money, which is why people moved and put cash into Defi because you can make more than 0.004% just by parking it and using a simple algorithm with a yield reserve. Which is what Anchor protocol did.</div>
 
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<div class="bbWrapper"><blockquote data-attributes="member: 93557" data-quote="AnNvr" data-source="post: 1004330" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004330" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004330">AnNvr said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 20 billion punds wiped off one asset alone in a week.<br /> I can litterally hear the legislators saying &quot;people are too stupid to invest without our help&quot;...<br /> <br /> This is my major concern: crypto is going to be regulated into the oblivion<br /> <br /> P.S: I hope none of you experienced major losses with this episode, folks. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>They did this so they could regulate it.</div>
 
<div class="bbWrapper"><blockquote data-attributes="member: 95619" data-quote="Vasili27" data-source="post: 1004517" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1004517" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1004517">Vasili27 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> They did this so they could regulate it. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Do you think governments need a shit-show in order to regulate? They are coming no matter what.</div>
 

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