$LUNA Terra Bull

[moXJO]

I love a crash and luna is one of the biggest for a while. It's possible someone has run off with close to a billion.

One of the greatest under the table trades.

Rumours going around that citadel of gamestop fame had something to do with it.

People turning up on the founders doorstep.

Complete and utter ruin of those all in.

This story has it all

 

[Dona Ferentes]

Bloomberg - Are you a robot?

www.bloomberg.com

Citadel Securities. No..... but Ken Griffin’s hedge fund Citadel. hmmmm?

Citadel Securities, no stranger to social-media controversies, has found itself the subject of another one: the collapse of the algorithmic stablecoin TerraUSD, which it says it had nothing to do with.

The trading firm says it is not involved in the situation and “does not trade stablecoins, including UST,” a representative for the firm told Bloomberg, repudiating claims circulating on social media in recent days. BlackRock Inc, also named in various posts, denied their involvement

 

[Garpal Gumnut]

Soros did it with the English Pound and got away with it.

Any separate entities that can closely arbitraged are suckers for this.

Good on those who got away with it.

There should be more of it imo.

Luna lol, the name gave it away.

gg

 

[moXJO]

Current market cap is in $shib territory.
The ever expanding supply is the problem. Also the reason this coin will struggle to do a lot.

They have to burn a damn lot. It's not a coin you risk the bank on. But some of the other gamblers pulled decent bank so far.

But make no mistake that this coin is terminal right now.

 

[basilio]

The Reddit thread on Luna tells the story of the thousands of people who have been wiped out/took a big hit on this calculated collapse.

A couple of interesting posts from people who predicted how this collapse could be engineered . Posts made in Nov 2021.

I suppose billion dollar collapses are "fun to watch" when it isn't your money that has been trashed.

Reddit - Dive into anything

www.reddit.com

 

[Garpal Gumnut]

The Reddit thread on Luna tells the story of the thousands of people who have been wiped out/took a big hit on this calculated collapse.

A couple of interesting posts from people who predicted how this collapse could be engineered . Posts made in Nov 2021.

I suppose billion dollar collapses are "fun to watch" when it isn't your money that has been trashed.

Reddit - Dive into anything

www.reddit.com

It is not funny.

It is hilarious.

They were all warned.

gg

 

[moXJO]

Original position is up x10

 

[moXJO]

It listed again on trading platforms

 

[waterbottle]

Very sad to hear people thinking of taking their lives over lost money

 

[StockyGuy]

All's fair in love an' crypto. If you're gonna be in on such rubbish you gotta be ok with the "asset" returning to its innate value.

 

[moXJO]

Bloomberg - Are you a robot?

www.bloomberg.com

Citadel Securities. No..... but Ken Griffin’s hedge fund Citadel. hmmmm?

Apparently a group is tracking down who is responsible.

Rumours abound right now

 

[frugal.rock]

 

[Telamelo]

https://www.news.com.au/finance/markets/world-markets/the-evil-genius-plot-behind-the-cryptocurrency-market-crash/news-story/cac8af2a5d996ee7a88a45f753ffabc3

 

[moXJO]

Threw a small "hail mary" position on luna.

It's either toast or it may bull trap enough for a new lambo.

My reasoning:
It's had free advertising via all the bad news across newsites. That means a sht tonne of eyes on it.
I'm hoping a small rise will trigger FOMO amongst a crowd, so they pile in.
Or it crashes and burns.

Turns out my original assessment might be right. It got enough eyes on it to multi bag. I also think it's a bull trap setup.

This is one area where crypto beats shares. And that's the basic sentiment of crowds. It's straight fear/greed cycles.

 

[moXJO]

One comment from twitter:

Luna & UST are now trading again. It's literally the Thunderdome between bots and humans trying to compete against each other.

 

[moXJO]

Luna x100 from the bottom apparently.

 

[frugal.rock]

One could easily envisage a couple of hundred bucks turning into a couple of thousand.
As long as there's buyers to sell into of course.
Rug pull central

 

[frugal.rock]

Looking terrabull on the 5 hour

Looking bull terra on the 15 minutes

 

[moXJO]

One could easily envisage a couple of hundred bucks turning into a couple of thousand.
As long as there's buyers to sell into of course.
Rug pull central

It's going insane on social media. Super hard pump.

Unless I see how they are stopping the inflation and the fact theres 6 trillion coins. Then it's just a bunch of idiots running off a cliff with their cash in hands.

 

[systematic]

I chat regularly with a young security guard at a local shop. Nice guy and seems really sensible. We’ve never talked money/investing but he bought it up. He let me know that he put 40% of his crypto portfolio in Luna, literally right before the crash. Barely got in and went to zero. He’s young, and he’ll recover. But man. Just such a shame to see someone with the diligence to save money when young, not go the next step and invest wisely. Lesson learned and all that. I’m sure it’s good that it’s happened to him etc. It just put a face to the story for me is all. I’d never even heard of Luna until the story.

The world’s gone mad. I’m in an online group (not investing related) where they started talking about some defi protocol something (with lingo that sounds like some millennial sci fi). I had to google most of the terms I was hearing.
The thing that just strikes me is how people can talk about 1% (and more) per day returns being normal.
I tried to point out that’s 10k to 14M in 2 years. It just falls on deaf ears.

Still. I reminded myself there’s nothing new under the sun. It’s just greed. It was there back in my day (50k a year from some horse racing or stock market system starting with only 10k...or whatever latest exotic farming scheme etc). It’s just fancier and digital now.
People literally haven’t (and don’t) change.