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Bitcoin / Cryptocurrency Discussion (And Predictions)

EmotionEngine

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Bitcoin now at 28k as of this writing. This is very fascinating. First time since 2020.

Screenshot 2022-05-11 140042.jpg
 
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AnNvr

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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.
 

MitchC

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I bought some Luna at $2.45...

Probably a bad idea
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.
 

Antifragile

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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.
 

robjohn

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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 ?
 
D

Deleted2BB3x9

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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 $1 ?
I bought 50$ worth of Luna. Who knows, maybe it will go to 80$ again.
 

Andy Black

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EmotionEngine

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I’m curious why the Y axis never start at zero.
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.
Screenshot 2022-05-12 080522.jpg
 
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Ing

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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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MJ DeMarco

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The UST/Luna fiasco is interested to see what happens when "belief" in something not real starts to wane.

"Decentralized finance" lol




Binance and Coinbase are gonna do a rugpull any time and their CEOs are going to be buying up Beverely Hills and whatnot lol

Wow, what an absolute racket.
 
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Ing

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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.
 

Ing

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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.
 

Kevin88660

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YanC

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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.
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...
 

Kevin88660

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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...
Yes I hear about people saying trying their luck with luna using 500 dollar…
 
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robjohn

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Yes I hear about people saying trying their luck with luna using 500 dollar…
I've learned that anything can happen in crypto.

On another note, is anyone worried that the same thing could happen to Tether?
 

EmotionEngine

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I've learned that anything can happen in crypto.
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.
 

Vasili27

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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.
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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Last edited:

Vasili27

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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.
They did this so they could regulate it.
 

EmotionEngine

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They did this so they could regulate it.

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

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