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Well, some simple calcs say, if one bought around $200 now, and it got back to $1
There's a million bux
There's a million bux
They would have to burn probably 90% or above
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Buy me a lambo in a week
It's worrying as people are putting their life savings into it. Yes many get rich. But for most it's dumb luck. They have zero investor skills, or any trader knowledge.
It's basically the equivalent of putting your house on black and hoping for the best.
People have also confused crypto coins with having any sort of base value. It's just a huge casino. Advantages to those with in depth knowledge of the inner workings of each coin. Or those that trade on the madness of crowds.
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Massive supply absorbed at low prices 10 hours ago Mo.
HODL
HODL
Got a white one picked out for you already.
I hope I remembered right that you're the other kiwi besides me, or that jokes going to fall flat
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Not a kiwi.
I loved the post because I'd eat it, not kiwi it. ?
- Joined
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It would seem that the situation is creating a general crypto storm.
Interesting
Interesting
Rallies the crypto community.
Like I said trading crypto is trading the raw human emotion.
Especially the greedy parts
- Joined
- 28 August 2010
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Money unprinting right there, rich get richer poor get burned
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- 8 June 2008
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How that?..do they destroy some luna?
And how would poor rich be different?
Unless you mean the whole scheme/scamm?
- Joined
- 28 August 2010
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Alot of the printed money went into risky investments. Yes they are tools and idiots for putting their life savings into crypto etc but all those guys crying suicide over 50k or 100k they dribbled in is gone. Sure somebody cashed out but like with all manipulated markers it wasn't the poor/middle class.
Yeah think moxjo said they burned some tokens too
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Ok.so general, yes populace vs top 0.001%
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- 30 June 2008
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So here is a bit of karma.
Ammara
May 12, 2022
https://www.facebook.com/sharer.php...ut-theres-entertainment-in-watching-them-die/
https://reddit.com/submit?url=https...t+There’s+Entertainment+In+Watching+Them+Die”
https://thecryptobasic.com/2022/05/...t-theres-entertainment-in-watching-them-die/#
Terra founder finds entertainment in watching cryptos die, but he never knew he and his LUNA and UST would die faster than others.
There are rare moments in the crypto space that most people thought were impossible to happen. A case in point is the fall of Terra Luna and UST. Apparently, UST’s founder, Do Kwon, was earlier quoted spelling doom for most crypto companies joining the space. That was just eight days ago during an interview with Alex Botez.
Entering Crypto Space Because It’s Hot
During the interview, the host asked Do Kwon what he thought of the companies that are joining the crypto space. For one, there’s a growing perception that some of the companies rushing into this space are only doing so because the industry is currently the “in-thing,” and they don’t necessarily have a plan to keep themselves relevant. While conversing with Do Kwon, the host expressed her concern about whether such companies will make it through 3-5 years in the industry.
In response, Do Kwon was happy to announce that 95% of the entities currently joining the crypto space will crash in the heat of the moment. It’s a fact that Do Kwon isn’t the first person or analyst to make such a prediction. It’s also a fact that many of the crypto projects that were at the top of the charts merely five years ago are now either dead or struggling at the bottom of the charts.
“There’s Entertainment Watching Companies Die”
Do Kwon didn’t mince his words to say that it’s actually entertaining to watch companies die.
Alex Botez: I wonder how many of these companies you think are entering the space because it’s hot and there’s a lot of fun; it will still be here, like 2-5 years later.
Do Kwon: 95% are going to die. But there’s also entertainment in watching companies die too.
thecryptobasic.com
Terra (LUNA) Founder Few Days Before: “95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die”
Ammara
May 12, 2022
https://www.facebook.com/sharer.php...ut-theres-entertainment-in-watching-them-die/
https://reddit.com/submit?url=https...t+There’s+Entertainment+In+Watching+Them+Die”
https://thecryptobasic.com/2022/05/...t-theres-entertainment-in-watching-them-die/#
Terra founder finds entertainment in watching cryptos die, but he never knew he and his LUNA and UST would die faster than others.
There are rare moments in the crypto space that most people thought were impossible to happen. A case in point is the fall of Terra Luna and UST. Apparently, UST’s founder, Do Kwon, was earlier quoted spelling doom for most crypto companies joining the space. That was just eight days ago during an interview with Alex Botez.
Entering Crypto Space Because It’s Hot
During the interview, the host asked Do Kwon what he thought of the companies that are joining the crypto space. For one, there’s a growing perception that some of the companies rushing into this space are only doing so because the industry is currently the “in-thing,” and they don’t necessarily have a plan to keep themselves relevant. While conversing with Do Kwon, the host expressed her concern about whether such companies will make it through 3-5 years in the industry.
In response, Do Kwon was happy to announce that 95% of the entities currently joining the crypto space will crash in the heat of the moment. It’s a fact that Do Kwon isn’t the first person or analyst to make such a prediction. It’s also a fact that many of the crypto projects that were at the top of the charts merely five years ago are now either dead or struggling at the bottom of the charts.
“There’s Entertainment Watching Companies Die”
Do Kwon didn’t mince his words to say that it’s actually entertaining to watch companies die.
Alex Botez: I wonder how many of these companies you think are entering the space because it’s hot and there’s a lot of fun; it will still be here, like 2-5 years later.
Do Kwon: 95% are going to die. But there’s also entertainment in watching companies die too.
Terra (LUNA) Founder Few Days Before: "95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die" - The Crypto Basic
Terra founder finds entertainment in watching cryptos die, but he never knew he and his LUNA and UST would die faster than others.
thecryptobasic.com
Stockbailx
"Profit Compoundd" Rules
- Joined
- 10 May 2021
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The LUNA/USD is new to me and from what I see it looks like DRY HORRORS! Who ever got on to selling would of made a pretty penny!
Swung in and out for a 6x pay day. Had 6x left on which I expect to slowly evaporate. Hopefully then I can join any lawsuits and cry my way to riches.
It's run out of puff and I got lazy again. I'll leave it on to see if the yank markets going to pump or dump.
It's run out of puff and I got lazy again. I'll leave it on to see if the yank markets going to pump or dump.
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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The nature of cryptocurrencies is to not have an intermediary so ransomware, drugs and other blackmarket uses can take place.
It can't be regulated without changing the system.
Anyway its ending now. It's just a ponzi.
Suckers are a non renewable resource and there is a limited supply of suckers.
Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
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The LUNA/USD is new to me and from what I see it looks like DRY HORRORS! Who ever got on to selling would of made a pretty penny!
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