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re: Official CryptoTalk Thread
Posted on 5/11/22 at 4:36 am to TigerTatorTots
Posted on 5/11/22 at 4:36 am to TigerTatorTots
quote:hah never mind, it’s looking like LUNA is dead
Sub $10 and I’ll gamble a little with it
1
Posted on 5/11/22 at 5:03 am to TigerTatorTots
UST under 50 cents 
Posted on 5/11/22 at 5:18 am to Ross
I am thankfully on the sidelines of both, but is there any way at this point UST can recover? That is clearly what is nuking LUNA.
Posted on 5/11/22 at 6:28 am to Saint5446
I watch Ran Neuners show from time to time. I know his portfolio was over 50% Luna. I might have to tune in today to see how he's doing.
Posted on 5/11/22 at 6:38 am to Saint5446
I’ll be honest, I just don’t see how you ever fully trust UST again. It’s a stablecoin, it’s supposed to be risk off and that trust has been forever violated. I love the idea of algorithmic stablecoins, but this failure to stay pegged is a black mark against the entirety of the crypto sector. It also gives the government the example they wanted for why they need to come in and regulate stablecoins to protect investors.
Frustrating and I didn’t even own UST or Luna.
Frustrating and I didn’t even own UST or Luna.
Posted on 5/11/22 at 6:41 am to Ross
So what happened to UST that separated it from mirroring $1USD?
Posted on 5/11/22 at 6:46 am to TigerFanatic99
Liquidity drop, atbitrage, redemptions. Peg break. Luna drop. Liquidation, arbitrage, redemptions. Second drop. Repeat. Repeat. Loss of confidence, more liquidity loss. Repeat.
Overly simplified, but a cascade happens. Now i think the only demand are speculators trying to catch a bounce
Overly simplified, but a cascade happens. Now i think the only demand are speculators trying to catch a bounce
Posted on 5/11/22 at 6:51 am to rocket31
quote:
no bear market for the lunatics
Bump
Posted on 5/11/22 at 6:55 am to rocket31
quote:
What are you hodling these days rocket?
quote:
btc, luna, atom, sol, ust mostly
We TrIEd TO tElL……
This post was edited on 5/11/22 at 6:57 am
Posted on 5/11/22 at 7:07 am to LordSaintly
quote:
Ethereum ain't no shitcoin
I can't think of a bigger shitcoin and I would be willing to bet I own more of it than you do.
It gets worse every year. What are gas fees right now?
Posted on 5/11/22 at 7:25 am to I Love Bama
Everybody buying some luna this am?
Posted on 5/11/22 at 7:27 am to 21JumpStreet
quote:
Everybody buying some luna this am?
I’ve got 211 Luna now at a basis of $5.7, mainly because I love a failing knife.
Posted on 5/11/22 at 7:34 am to 21JumpStreet
I'm in if we go sub $1 (which might be any minute now). I've lost money on worse things.
Posted on 5/11/22 at 7:38 am to BottomlandBrew
Yeah I am buying Luna 100% for the gamble. It's a POS but the risk to reward ratio here is solid.
Posted on 5/11/22 at 7:43 am to I Love Bama
Giant red dildos this morning. Has Do Kwon sold his BTC yet or is he hanging on to those reserves?
Posted on 5/11/22 at 7:45 am to Ross
I'd guess a CPI buy the rumor sell the news thing. 
Posted on 5/11/22 at 7:51 am to BottomlandBrew
quote:
I might have to tune in today to see how he's doing.
Losing his arse is how.
Posted on 5/11/22 at 7:57 am to BottomlandBrew
Inflation was a beat apparently so people anticipate the Fed will remain hawkish. Yeesh.
Hold on to cash and it evaporates, hold onto anything and it plummets in this market. Fun times.
Hold on to cash and it evaporates, hold onto anything and it plummets in this market. Fun times.
Posted on 5/11/22 at 7:58 am to James11111
quote:
Why would you think it would go back sub 50? Not from this incident. BTC won’t go below 33 in this bear market
Big oof
Posted on 5/11/22 at 7:59 am to MrSpock
I’m stacking Luna just as fast as I’m losing money in it.
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