Reddit Posts
LUNA INU ($LINU) Trending on Coinbase: Memecoin with Potential Ahead of Bitcoin Halving?
Me, waiting for SEC announcement about ETFs…to buy that juicy dip in ALT coins.
Court Rules In Favor of SEC, Deems TerraUSD, LUNA As Unregistered Securities
Noob question: why tokens like USTC, LUNC and FTT are still being traded?
In another reminder that crypto is just people chasing fast money and hype, two of the most disgraced and dead projects in LUNA and FTT are ranked 1st and 3rd for 1W gains in the top 100 with massive buying
Sensible predictions for the next market bottom? Greedy buyer who missed the train, asking.
Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit's Moons
Over the last one year, we had Addresses with over 1 BTC hitting a new ATH, transactions increasing further and Active Entities growing further in Crypto. The most bullish bear market ever.
The most popular way investors look at charts and it's flaw [SERIOUS]
Some of you might be in a world of hurt if you're over-leveraged, especially in small-caps
Do Kwon's Secret Messages Exposed Before Terra (LUNA) Collapsed: Was This the Cause of the Breakdown?
Are there any indicators that can warn us that an exchange is going bankrupt or a project is failing?
Anyone still have LUNA stuck in Terra Station?
A personal bullet-proof (hopefully) way to secure your assets
Looking back: FTX did not really collapse all by itself, but LUNA had given the first punch that pushed everything down.
Today marks 2 years that I got into crypto! Here are some learnings from this journey so far
What will the next FUD event be?
Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit's Moons
No, this is NOT the “longest“ bear market in Crypto history, people are drawing unlogical lines to click-bait here. We should stick to the truth.
FTX Cold Wallet Actively Transferring Tokens. Till Now Transferred Over $10 Million Using Wormhole
After nearly two years of a bear market, even the current dips barely make any change in realized losses. Clearly the bears seems to have dried out.
Let's have a [SERIOUS] conversation about Binance. Is it really a shady exchange or 'Binance FUD' is more popular because it gets more clicks?
DongCoin decoded: Delving deeper into South Korea's meme coin revolution
How Many Terra Classic (LUNC) Tokens Burned in the Last 1 Month? At this Rate, How Long Will It Take to Fall to the Old LUNA Supply?
The Terra Luna Crisis. Updates and Potential Outcomes.
Stablecoin Protocol Harbor Suffers Hack Attack: Some Pools, Including LUNA Are Affected
These past 2 years were worse for crypto than the Mt Gox hack and if you’re still here, congrats.
The best legal analysis on why the XRP ruling was rejected in the LUNA case
The best legal explanation on why the XRP ruling was rejected in the LUNA case
Lost It All Twice in Crypto... Until I Uncovered THIS Secret
Major crypto news sites reporting MOON news is very bullish.
Ignored my Crypto wallet for a few years, now seeing that KuCoin is no longer available in the US. What does this mean for my assets?
Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit's Moons
for those who bought the top in November 2021, how are you holding up?
What its like currently holding ADA. Part 2.
What its like currently holding ADA part 2.
Major crypto news sites reporting MOON news is very bullish.
Is this the most non boring /action packed bear market to date ?
Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit’s Moons
Relive the crypto crash of '22 here. Events, mistakes, achievements. A lesson to remember, never listen to crypto analysts as nobody knows anything.
[Satire] Seven years ago bitcoin forked and the true vision of Satoshi was born - Bitcoin Cash
Only In Crypto: Bankrupt 3AC Founders Launch 'Justice' Token Targeted At Terra (LUNA) Whistleblower
Move aside hamster racing theres a new game in town, its called cryptocurrencies
PAXG - what are your thoughts on gold backed stable coins?
Will "inverse r/cryptocurrency sub" strike again?
Last bear markets we see suicide hotlines pinned, this time there is none of these posts. Have the crypto space matured?
It’s quite ironic how last year we were in complete fear of the current price levels of $30k, but now we are in complete greed at the same price. Crypto just outplayed us.
Chris Amani replaces Do Kwon as Terraform Labs new CEO
Stablecoins - are they safe? Is all the USDT FUD deserved? [NO MOONS]
Stablecoins - are they safe? Is all the USDT FUD deserved? [SERIOUS 2] [NOMOONS]
KeeperDAO ROOK - down 96% in Last Week
We are in a bullmarket since early 2023! The bullrun is inevitable, it will be HUGE!
People here often joke that we should inverse this subreddit. Is there truth to this idea and why (not)?
One year ago the media was starting to call Bitcoin an “insignificant fallacy“ as prices fell to sub-$20k. Guess they were wrong once again.
Over a year ago, after Luna collapsed CZ said he was "poor again". That was highly insulting to people who actually lost their life savings. It was just another example how billionaires do anything for attention, to make you like them and that they are not our friends
If your portfolio is not down more than 50%, and you didn't invest in FTT, LUNA, CRO, SOL, etc..., or some overpriced NFT, and you are still holding strong, CONGRATULATIONS! You are still doing far better than Kevin O'leary, Mark Cuban, Tom Brady, and so many of the big names in crypto.
Luna 2.0 - A True Crypto Redemption Story
If your portfolio is not down more than 50%, and you didn't invest in FTT, LUNA, CRO, SOL, etc..., or some overpriced NFT, and you are still holding strong, CONGRATULATIONS! You are still doing far better than Kevin O'leary, Mark Cuban, Tom Brady, and so many of the big names in crypto.
BTC has been down year-over-year for over 490 days this bear market, the highest there has been EVER. This bear market was truly exceptional.
What do you think crypto is going to do with your life?
Here's why most people will repeat all the same mistakes (and we can already see it right now). Why we keep seeing so much of the same in every cycle, and people don't seem to ever learn. And why even crazy macros haven't made that big of a dent in the long term cycles.
We just had our highest monthly and weekly close since May 2022. The difference, back then we are moving down in fear and now we are moving up in greed.
Even with all of the pumps above bear market lows, there were barely any remarkable realized profits. People just are not ready to soll at such low prices.
A largely unnoticed crypto fraud of massive proportions (over $500 million)
Liquidity tightening: Impacts on crypto.
Nearly 69% of all Bitcoin Supply did not move in over one year. Meaning that the majority of holders had enough conviction to hold through one of the most brutal bear markets ever for Crypto.
We're on the verge of the biggest crypto bullrun in human history: this is why...
FTX paid $121.8 million in legal, consulting and financial services between Feb. 1 and April 30, aka around $1 million per day while the users who lost money have gotten nothing back.
12 years ago, the Great Bitcoin Crash of 2011 began with seven daily -20% declines in a span of five months.
We should all remember that literally no company is “Too big to fail“, not even Binance or Coinbase. Don‘t bet too much on them.
After all of this drama of “securities“, long-term holders did not even flinch and sold nearly nothing. Be like them.
Do you guys think that it is time to write off all non-ETH L1s?
Who are in jail and who are not , fun 2023 crypto update !
Algorand: Many of us were bullish and invested. Now Algo is down more than 96% in USD and 99% against Bitcoin. What can we learn from this experience to prevent making the same mistakes in the future?
Most of our current “stricter“ Crypto rules are just thanks to Do Kwon and SBF‘s scandals last year. They basically gave every argument to regulate Crypto as hard as possible.
Discord bot to help track your crypto assets
I made a Discord bot to track my bag
Terra Classic Token (LUNC) Soars 28.59% in Just 24 Hours
Don't rely on others doing the research for you when investing, most of the time those people also rely on someone else and the faults a coin has gets overlooked
Buying established alts doesnt pay off
The cognitive biases of the crypto investor
[Serious] Does LUNC is now considered a meme coin?
I thought the bear market would be a thrilling ride, but aside from some exciting moments, it is most of all really, really boring. How do you cope with the boredom?
Mentions
i checked to see for myself, and i honestly don't know how you missed it by the time i have typed LUN the two tickers show up LUNA = terra classic (CLEARLY labeled) LUNA2 = terra 2.0
How? When I go to Deposit and type in crypto, LUNC does not come up. Only LUNA
if there would be no TERA LUNA crash , most probably the FTX would still operate....Fried was just too inexperienced
Ah, LUNA. I was on a silent meditation retreat when LUNA tanked. I returned to the real world and saw the $2,000 I'd invested a few weeks prior turn to pennies and laughed at the realization that I had not invested multiple 5 figures more into it out of sheer laziness. A valuable reinforcement of the wisdom I'd gained in meditation that week: beating yourself up for being lazy isn't self-hatred, it is merely short-sightedness. My "personality flaw" saved me from disaster, and I felt gratitude for my "laziness". It isn't a flaw, it's just me. Thank you for attending my TED Talk.🙏🏼
That LUNA coin looks promissing /s
Hey man. Welcome back. **1. Finding the market.** I use Coingecko often. You can check under the URL below for LUNC's market. Binance is listed. I believe you should be able to use it to trade them. [https://www.coingecko.com/en/coins/terra-luna-classic](https://www.coingecko.com/en/coins/terra-luna-classic) In the future, it's a good reference point to find the crypto that you like, and the available market that's trading it. **2. Wallet Options** You could try Ledger. The following is the URL confirmation for the supported coins. [https://www.ledger.com/supported-crypto-assets](https://www.ledger.com/supported-crypto-assets) I checked, LUNA and H20 DAO are supported, but not LUNC. In this instance, you could consider parking your H2O Dao and LUNA in a Cold Wallet, while leaving LUNC on the exchange. Hope these helps.
Ok. So you think if I withdraw LUNC from Kucoin to Kraken using a Kraken deposit address generated under Terra Classic (LUNA) and withdrew LUNA from Kucoin to Kraken using a Kraken deposit address generated under (LUNA2) then it would work?
It seems like Kraken has terra luna classic (LUNC), but it's called "Terra Classic (LUNA)" on Kraken and what I assume you are referring to as "LUNA" is called "Terra 2.0 (LUNA2)" on Kraken. https://www.kraken.com/prices/terra-classic https://www.kraken.com/prices/terra-2.0
There are a lot of differences with LUNA. Do Kwon had complete control of the money supply. He could print additional LUNA as he wished. Hege is completely locked down. The team can't print additional Hege or siphon funds from the liquidity pool. The liquidity pool is also quite large for a token at this market cap, allowing it to absorb large selloffs. The tradeoff of course is that large buys have less impact on the price, but this is a fair tradeoff in my view.
Pretty sure FTX and LUNA happened less than 4 years ago.
Larger than the LUNA and FTX collapse?
So many people thought they were getting an incredible discount for LUNA and didn’t expect it will actually go to zero without recovering
I shouldnt have bought LUNA yesterday
Vitalik making statements about a crypto winter. A few meltdowns were ppl lost their money like LUNA then a few days leading up to FTX meltdown it was all warned about. Prob some other things.
Round tripped 6 figs in LUNA, lost some on UST, had a few ETH on Celsius. In theory each cycle you make it through, you learn the warning signs and how to better control your emotions. Taking profit is never to be underestimated imo. Even if you sell early, profit in the bank is a good thing. Your mortgage isn’t on the blockchain… yet
Bear market can start for a number of reasons. One is economy, obviously. Seems like Bitcoin has a tendency to go up when the economy and stock market are doing well. And when the economy and stock market are doing poorly, Bitcoin has a tendency to go down as well. Secondly, it can be momentum related, especially after Bitcoin hits an all time high. When Bitcoin neared 20K the first time in 2017/2018, there was a lot of buying momentum that helped propel it to near 20K. A lot of FOMO, a lot of hype, etc. That momentum evaporated once Bitcoin got close to 20K, and then the entire crypto market went bearish. There was a brief bump where Bitcoin went back up a little, but it wasn't enough and the price eventually dropped down to the 3K range. People just lost interest in Bitcoin and crypto for the next few years. In 2021 when Bitcoin reached around 60K during the spring, the same thing. There was a lot of hype, FOMO, and momentum that helped push Bitcoin to 60K, and the crypto market in general. Then that momentum collapsed once again, Bitcoin and the crypto market went down during the summer. But around the 30K range in 2021, the the bull market came back for Bitcoin until it reached around 65K/66K . Then the momentum collapsed again and crypto went back down again. Note that LUNA and FTX blowing happened **after** the crypto market started going down, not before. FTX eventually was the black swan event that pulled Bitcoin down further, but the crypto market had already been dropping from the 65K/66K BTC price high for some time before FTX finally imploded.
Hows everyone today? Looking for a tiny bit of advice. I've dabbled with crypto the last 5 or 6 years.. Made enough money in 2021 to buy a car but shortly after that i lost a nice bit(roughly 18k) mainly with LUNA and the terra ecosystem. That 18k was mainly profit and I'll hold my hands up and say I was stupid and didn't pull enough profit at the time and got burnt. I am very apprehensive about buying back into crypto and I suppose I'm just looking for a point in the right direction and some advice...should I buy in now or wait for another bit of a retrace? Im a long time hodler of ETH, BTC, ADA, XRP and CCMoons.. is there anything else I should be looking at? Or should I just fill my current bags? Any help would be much appreciated. Thank you!
Yeah I mean it had unique characteristics for sure as it all felt too big to fail. But we have had some doomsday type stuff in this industry prior to FTX/LUNA and we will continue to have them for as long as the industry lives.
The only thing different are crypto boomers with PTSD over the last bullrun that dismiss all forms of enthusiasm because they sold early. Though it's not their fault because they could have never expected FTX's collapse, LUNA's collapse, and some other ridiculously bad shit that hit the fan to happen to cause them to lose everything, it's still stupidly awkward to see the boomer-like mentality in the crypto space. Devoid of any logic and without taking context as reason. Unless there's WW III, MicroStrategy collapsing on itself or the US banning crypto, there's nothing to stop this bullrun up until 2026, though to be safe i'll wager mid-August 2025.
Fun fact Moons with the marketcao of: Dog With Hat (WIF): $41.34 BONK: $38.43 FLOKI: $28.36 Peanut the Squirrel (PNUT): $16.50 LUNA Classic (LUNC): $10.41
lol remember what happened with deflationary LUNA? Anyways, ETH isn’t deflationar
The bubble isnt the price, the bubble is the behaviour of exchanges and/or large scale scams around bitcoin. This behaviour isn't repeating on the same scale yet, some people point to MSTR, but they are a transparent publicly traded company with no liquidation risk for the next 6 years. it's just not the same kind of large obfuscated scam like LUNA, FTX, BITCONNECT, MTGOX, etc...
Looking good. Just a few dominoes in my portfolio left to tip into profit. POL VET LTO and LUNA. Then I’ll be a full fledged genius until the next crash. I think LUNA is probably a long shot but who knows 🤷♂️
If Tron or USDT was going to crash, it would have crashed in the last bear market like FTX, Celsius, Terra/LUNA, etc.
Thoughts on LUNA and OneCoin?
He's legitimately trying to say vechain sucks because it didn't out perform scam coin LUNA? Lol, this sub is insane
Yeah, I got greedy and fucked up. Trying not to make the same mistake two cycles in a row. But as a side note, I also had ETH, ADA, DOT, LINK and UNI all up even more. Hell, I got a 100x out of AXS and luckily did take a lot of profits on that one. I also watched a $2k investment in LUNA rise to about $35,000 in LUNA and UST, then evaporate in less than 24 hours. I've seen some shit, man. But hey, at the end of the day...invest in what you want. Maybe VET is still a great project, and I wish you all the gains with it in the future. For me tho, I'm ready to take my profits on it and move on.
>this move essentially returns control of the entire ecosystem to these entities—the very antithesis of what cryptocurrencies were designed to achieve. The thesis and what cryptocurrencies were designed to achieve is to have an automated Federal reserve and transparency in how it operates. As soon as the free market started going absolutely bonkers for opaque fiat-coins, that fight was lost... Crypto has to compete on its own legs. Nothing will ever be handed to it or carved out by governments, nor should we want it to be. Crypto must thrive in spite of everyone preventing it, and when it finally does, then it *can't be stopped*. If the free market starts buying into stability, that is what we must build for.. But when we build Tether and blatant pyramid schemes with potential to harm entire nations and large markets, then you should *want* your government to take notice. This isn't the way... The way we bring stablecoins forwards isn't going to happen without severe changes to the rules, us working around them, more changes, and more workarounds. Eventually an equilibrium will be reached where a stable coin is objectively stable and transparent - all without intervention (meaning no one to prosecute) but likely not for a very long time still. Until then, MiCA is what progress looks like, and the absence of any regulation would just lead to more instability, lower investment, lower trust, and more time spent pissing around not building a suitable bridge for fiat to work on crypto rails or whatever the market decided it values so desperately. OP. Given the long history of stablecoin failures and massive fraud, and the potential for any insider to magic government backed money out of thin air, what's a better way you'd like to see these initial regulations play out?? I mean, either your democratic government has the control to annex stables and crash the market..or 10 completely anonymous figures working for an offshore company do. These are our only 2 choices in this environment, aside from letting an algorithm run completely free with tens of billions of dollars (RIP LUNA). If the regs are so bad people will circumvent them, anyway. Such is life for a programmable money.. Regulating crypto is like trying to police spoken language from another country. You can posture all you want, but if people don't see the benefit for themselves they won't listen and nobody can stop them. I don't think MiCA is very bad actually, but if hypothetically the EU begins abusing it to coerce or crash the markets then I can not imagine that people will migrate further into it and not away abruptly and entitely. Any new rule is a slippery slope, yes, but crypto still moves 100 times faster than a new law can be written. I see no cause for concern at this time.
Alt season doesn't mean all alts keep going up for 10 months at the same time then fall. Rotation will happen among alts. Some will peak well before others. For example, DOGE peaked in may 2021 and fell off quickly, never getting close to it again for the rest of the year. SOL, on the other hand, had its pump later in the year, peaking in November. LUNA didn't peak until April 2022.
Few pearls I learnt by losing a lot of money. 1. Always take profits. I held 5000 $LUNA at its peak. I bought at $4. Never sold a coin. Felt invincible until I was not. The only smart thing I did is convert my staking rewards to BTC, which played out pretty well for me. 2. Always look for coins with the best behaved communities and mods. Community will beat tech and any other story 100% of times. This is where the next 100x comes from. If a community has mods who are answering rudely to your honest questions, and people are more bitter than usual. more often than not, it’s gonna dump. 3. Find a coin you believe in and HODL. Take profits but HODL and believe in your decision to invest. Diamond hands will make you more money than trading ever will. 4. Neither a bear market nor a bull run is permanent. So always ALWAYS keep 20% of your portfolio in stable coins. You have to always do DCA. BUY THE DIP !!
I haven't actively traded crypto since the $LUNA crash in 2021 and 95% of the posts on here are the exact same from that era lol
Bought some USTC since LUNC and LUNA seems pumping, idk why USTC didnt pump but i think LUNC LUNA USTC gonna explode soon.
LUNA AI agent thank me later
im just connecting dots and providing info that I see. I dont think SOL will be a long term winner. it will print gains and pump, LUNA and PNUT coin did that too. thats not what im referring to.
And way more ADA and XRP have been minted and people keep buying that. I feel like people will just buy whatever is making them money at the moment regardless of the ridiculous circulating supply. ICP is deflationary so ICPs can be burned which is important. Most cryptos cannot be burned where their circulating supply shrinks. And then you have cryptos like LUNA that can be diluted with trillions so that their founder can loot the entire thing.
These are fair points. ICP did totally rugpull which at the moment makes ICP an awful investment. But ETH also rugpulled in 2015, let's not forget. It ICO'ed at $2.78 and felt to 38 cents. Many cryptos have rugpulled and became excellent investments if you HODLed. COMP, Yearn, Filecoin...many others where VCs are involved all rugpulled. But at least all these coins didn't commit the ultimate rugpull which is Bitconnect, OneCoin, LUNA, Squid Game so a temporary rugpull isn't indicative of the fate of a coin, an ultimate rugpull is.
Can we take a second to remember Novovratz has LUNA tattoed on his arm. 80k bottom. Ok sure.
Nope, SOL is rat poison. Its traffic is only because of meme coins. Meme coin degens don't care about security, knowing full well meme is gambling. SOL is a LUNA waiting to happen, just a matter of time
This is just proof that time in the market beats timing the market. Had you DCA’d over any period of time, leading up to the current state of the market then you would be positive right now with the exception of LUNA due to obvious reasons.
Buying LUNA at $100 a couple of days before the crash to zero was also dark
And if you want to travel to the Artic... stock up on your LRC, ONE, LUNA and EOS.
Welp now that is the Stonks version of the LUNA/UST fiasco ..
Incredibly stupid to claim such a thing, crypto literally can't go all the way to zero as long as there is at least one person with one cent willing to buy. Not even LUNA is at zero today, and that is about the most failed blockchain in existence.
I can’t wait to see what will be this cycle’s LUNA or LRC.
I've always said SOLLUNA rode on the memecoin hype which makes most people poorer and a very few lucky ones rich. When the SOLLUNA domino, that is the memecoin 'ecosystem' starts to fall, it will be very ugly. Fortunately, this is unlikely to spread outside SOiL, unlike LUNA
The main advantage blockchains have over the legacy financial system is trustlessness, users don't need to trust a 3rd party in order to use them. This is why chains like Ethereum and Bitcoin (and Monero, Cosmos, etc etc) have prioritized the ability for regular people to be able to run a node at home, on domestic internet, with low cost hardware. Same goes for the L2s (https://ethereum-on-arm-documentation.readthedocs.io/en/latest/user-guide/running-l2-clients.html). It is very easy to make a fast, cheap L1. You just need to have it running on ridiculously high spec hardware and requiring 10 GBs internet (i.e. Solana). But the problem is then almost no one is able to run nodes, so no one can verify anything... and so you end up needing to trust 3rd parties to even check you own balance or send a simple transaction. Of course, plenty of alt-L1 layers spend a lot on marketing and influencers to convince ignorant retail not to think about this, and as you are demonstrating, that kind of manipulation works. It isn't so effective though when it comes to convincing companies building real adoption, which is why Solana is almost exclusively used to gamble on rugcoins, whereas Ethereum is being build on many of the biggest companies in the world... https://ethereumadoption.com/. You've been tricked into thinking that 'scaling properly' means giving up the entire point of blockchains, and now the value of your portfolio depends on you convincing other people not to notice that sacrifice, so I have no doubt that this conversation will be entirely unproductive, just like it was with advocates of EOS, NEO, LUNA, VET, WAVES AE etc etc in past cycles.
SUI has strong VC shillers like Raoul. He can't stop shilling it, just like he did LUNA last cycle.
Agree with this mindset. I swapped all my alts to BTC after LUNA collapsed because that's a clear moment that we're going to bear market. Another clearer moment is FTX collapse months after. Most alts are much higher than before election pump, like MATIC was above $1 then.
I forgot about LUNA. Would I be able to claim capital loss for the money I lost on it?
I got in, early 2021... after making mistake sin 2018... I rode the red, took the ass kicking, averaged in and took another asskicking... I spent the last winter compounding ATOM staking and filling a few (mostly worthless) bags... Thankfully I moved 25% of my MOONs into BTC a little over a year ago...When reddit "sunsetted" RCPs I was done... That was my last. I put everything into BTC, I shifted around whatever wasn't staked and I just stacked sats. I was buying in the 20s 40s and 50s... Do I have monster sack? No... Do I have enough to feel good? Yes... Ive covered my losses from the cosmos (yes including my LUNA losses)... But ya, Im done with ALTs too... I have a little baggie of AKT that Im gonna hold to see what happens. The rest is in BTC, and Im OK with that position... Next cycle Im going cash gang, and averaging into BTC again through the winter and will probably HODL that for an unclear period of time....
oooh just hearing someone mention LUNA gets me heated, lost like $400 to that sh*tshow
It will likely be limited to SOLluna ecosystem and not like a domino that was TERRA LUNA
>vibes and fundamentals reminiscent of CELSIUS AND TERRA LUNA So does every crypto and yet here we are
ETH is a disaster. But SOL is poison, it has vibes and fundamentals reminiscent of CELSIUS AND TERRA LUNA. Don't touch it
I remember someone saying same thing with $LUNA some years ago
LUNA was a very specific situation due to its price being pegged against its native stablecoin so probably not the best reference to use
Remember if it goes down 99% it can go down another 99%…. And it can go down even further. One mistake or mess up. Like LUNA.
they hope their LUNA moons... again!
i have waited since the mid of previous bull run... it has no sense to sell right now... just he should wait another half year... But is not the same having DOT, VET or even VRA as altcoin instead of LUNA, WINK, TROY, XEC or HOT... > Please give me some motivation to stay sane haha! Just wait... (and do the math)
It's the top 50 altcoins and not some shitcoin index, generally majority of them will follow the general trend of other top alts unless it's a scam like LUNA/FTX
LUNA - Now LUNC. Went from one top ten to another
I guess just like last cycle, first a few months of large advance, then large price retrace, then some big unforeseeable thing like LUNA happened, brought down a few large exchanges, creating second wave shock, then people start to realize that bull market is already over a few months back
Today was a day we all earned... Hats off to out lost comrades, the LUNA implosion, FTX, DOGE burst... We took some serious hits. I remember the gutted feeling waking up one morning, checking the charts to see my portfolio slaughtered... Lotta lessons learned over those last 4 years... But today, we went to 89k, and its just the beginning...Strap TF in
USDC has a 1:1 fiat backing whereas USDT "aims" to have a 1:1 fiat backing. USDC is more transparent and follows compliance more rigorously compared to USDT which has had issues with transparency in the past. USDT, however, has a far wider adoption and volume. Do your own research but from what I understand, USDT has ironed out most concerns around it but i wouldn't put all in one or the other. Ever since LUNA my faith in anything touting itself to be completely safe has evaporated.
LUNA happened some 5 months into the bear. When war in Ukraine started there was a dip but much smaller than I expected.
No, those were already happening during the bull market. The bear market started due to rising interest rates fear and later fully when LUNA collapsed. FTX was a repercussion indirectly of LUNA collapsing and the Ukraine War had little to not effect on the market.
Post-COVID most economies got rekt. Near the end of 2021 inflation started increasing because of supply chain problems worldwide. Russia started invading Ukraine and inflation got extra out of hand because of this (gas/grain shortages in Europe). When BTC went down with the rest of the world markets many frauds got uncovered. First LUNA, then Celsius and then FTX. This in turn caused huge liquidations in the market until the bottom got reached, which was a bit above 15K USD.
Obviously, people are making money and want to make much more, so they're blind. They forget all the shady shit with FTX, the extra coins scandal and all the weird things that happened with Solana and sent it crashing. Some fresh money and everybody jumps back in. Heck, have done VC throw a bit of money and ICP and even LUNA can get another chance with some people.
My exposure to UST was limited, a couple of thousand at most, managed to sell at 70c on the dollar. But I have a lot of staked LUNA that went to zero in an instant lol. Painful experience.
I see this argument everywhere but honestly nobody truly knows and this is just our crypto bro Hopium speaking to us LUNA has 1B in ‘Bitcoin collateral’ at one time and still collapsed
We've ALL had brushes with get-quick-rich coins. I lost alot fo money in the TerraUSD/LUNA crash. Time in the market beats timing the market.
Yep I held that a long time ago and also check some coins I used to own like DOT, NEO, LUNA...
Well... that's why cycles happen, because people have short memory and most don't read anything that happens in the world. That's the cause of FOMO and FUD. If nothing comes to your mind, from 2021 to 2024, that's pretty bad. I could give you just a small list, without research: • SEC lost vs Ripple and their statement that all PoS cryptocurrencies are securities faded without being mentioned anymore • It became possible for companies to invest in spot Bitcoin, Ethereum, Solana etc. legally via ETF • Russian President Vladimir Putin signed legislation legalizing the experimental use of cryptocurrencies in international payments and Forex transactions • At the start/during the war of Ukraine vs Russia, lot of people from those countries, especially Russians, used crypto, for transferring wealth or buying staff when they were unable to do the same with the use of banks • Russia pays China in cryptocurrency for goods it needs for war • Worldwide crypto regulation, KYC, crypto gain tax raises • Telegram raises "Web3" to more masses easily, by social farming and referrals, giving $10-100 Airdrops per project • Many presidents and officials from different countries, such as Salvador, Dubai, Emirates, Turkey etc. doing meetings and talking about crypto • Industry giants like Blackrock praising Bitcoin That's just a small list of things that happened and added to the Crypto's fame. Step by step, the price & market cap rose after the huge disaster that was happened in 2022 with Terra LUNA & FTX, with all the companies following them. We should wait and see how the events will unfold in the future, after elections, especially.
As a retired, 3rd cycle once-upon-a-time rabid poster on r/CryptoCurrency, you should take care not to listen to the narrative on the sub. This sub has an extremely funny habit of loving the coins that never pump all the way to the end, and hating on every other coin that actually does, and it happens so much, every season without fail. Anything that is gapingly obvious on crypto twitter gets a lot of hate here. As someone who vastly profited beyond and realistic retirement target last season from ETH, SOL, and LUNA (yes, I know), all I can say is - ETH can try again next cycle. You don't have to worry if you hold a lot of it though. It will pump when BTC does its thing. Even if you don't get the biggest returns, so what? At least you'll be profiting and not losing. If you're in it for the money, you won't get rich on ETH. Sorry man. Just telling the obvious truth. You would have though it'd be obvious to everyone now after more than a year of BTC price reversal.
honestly, when LUNA died i lost all interest in crypto. LUNA was basically everything ETH promised to be. low fees, fast transaction, great UX/UI, and plenty of really cool/useful/innovative projects being built on it. the only big thing that was missing was an easy on-ramp which was in progress at the time it died. I cant think of a single altcoin that had more real-world use case. fees being as high as they are and transactions taking as long as they do, I dont see how ETH will ever fulfill any solid real-world use case and NEEDING to use L2s to get around it is not something the average person will ever want or know how to do. the only thing eth has going for it is name recognition but i really dont know why anyone would invest in that over something like BTC. crypto in general just seems to have become a convoluted mess. my 2 cents not that anyone cares.
it should be fine if they only buy BTC/ETH, but if they buy LUNA, they're doomed.
