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Bitcoin / Cryptocurrency Discussion (And Predictions)

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20 billion punds wiped off one asset alone in a week.
I can litterally hear the legislators saying "people are too stupid to invest without our help"...

This is my major concern: crypto is going to be regulated into the oblivion

P.S: I hope none of you experienced major losses with this episode, folks.
 
GPM said:
I bought some Luna at $2.45...

Probably a bad idea
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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.

Ouch I just checked my lukso too.
 
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.
 
Oof.

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Coinbase warns customers they may lose crypto if company goes bankrupt

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.
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Who thinks its a good idea to drop a small amount on Luna? Say $200 to $300.

Also, at what point do you guys feel comfortable really loading up on Lukso? When/if it gets under $2 ? Under $1 ?
 
robjohn said:
Who thinks its a good idea to drop a small amount on Luna? Say $200 to $300.

Also, at what point do you guys feel comfortable really loading up on Lukso? When/if it gets under $2 ? Under $1 ?
Click to expand...
I bought 50$ worth of Luna. Who knows, maybe it will go to 80$ again.
 
Exactly my thoughts as well! Who knows what can happen.
 
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I couldnt resist and got into Luna. 96500k for 800 Busd. Its what my shorts gave me roday for ETH
 
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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.
Now this system was used and it was shown, that it works.
I dont know more.
 
BTW: I have most in stablecoins. What do you think, is BUSD secure? I sold my Theter 2 days ago.
But now have most on Binance.
Pulling Busd to a wallet makes no sence. Im Binance rugpulls or makes bankruptury, busd would fade in the wallet, too.
And I dont want to invest before Oktober.
 
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Kevin88660 said:
For algo stable coin the mechanic is dffierent.

Luna is falling due to the inflationary pressure. So you aren’t getting a bargain buying it cheap because the supply keeps increasing.

So don’t fall into the trap jumping it to catch bottom without understanding the mechanics.
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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...
 
YanC said:
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...
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Yes I hear about people saying trying their luck with luna using 500 dollar…
 
robjohn said:
I've learned that anything can happen in crypto.
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That is true but only based on the foundation of hope and pray. Treat it like the Wall Street casinos. This isn't really the Fastlane methodology to wealth.
 
Ing said:
BTW: I have most in stablecoins. What do you think, is BUSD secure? I sold my Theter 2 days ago.
But now have most on Binance.
Pulling Busd to a wallet makes no sence. Im Binance rugpulls or makes bankruptury, busd would fade in the wallet, too.
And I dont want to invest before Oktober.
Click to expand...
judging that stable coins like USDT & USDC are tied to the monetary system. I feel that even these can be affected.

The thing with UST is that it wasn'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.
 
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AnNvr said:
20 billion punds wiped off one asset alone in a week.
I can litterally hear the legislators saying "people are too stupid to invest without our help"...

This is my major concern: crypto is going to be regulated into the oblivion

P.S: I hope none of you experienced major losses with this episode, folks.
Click to expand...
They did this so they could regulate it.
 
Vasili27 said:
They did this so they could regulate it.
Click to expand...

Do you think governments need a shit-show in order to regulate? They are coming no matter what.
 
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