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 have got to give credit for TRX resilience. Think about this: LUNA, FTX and the companies behind them almost collapsed, yet TRX and Justin Sun are still standing. No jail time either, while even CZ ended up behind bars for 4 mths. Throwing a few bucks into it might be fine, but personally, I wouldnt invest a single cent, I just don’t like them as a whole.
Yes, as we can infer from the TERRA/LUNA fiasco. Very safe.
Isn’t that how Luna collapsed? They had LUNA token as a leverage against their “forgetitsname” stable coin. All the fear aside, imho USDT passed a point where it’s just too big to fall.
the man who famously talked about how LUNA/UST was 'risk free'
USDT is a scam that could implode but the strategy is good, just use algo stablecoins like HBD, backed by Hive, there’s an haircut rule coded into the blockchain so don’t worry about any LUNA moments.
Send addy again. I'm gonna send it on Arb One and hopefully it gets burned and lost forever. Meh, *So much* based on what metric? If you're pissing about with a few K on some weird LP pools making 3 figure APYs then you've got impermanent loss or hacks to worry about. If you're staking on a CEX then you've got counterparty risk. I've made plenty of passive income from my bags already and also lost a chunk on Celsius and got killed by LUNA, although I was up like 50x anyway. BTC shoved in cold storage for 10 years is more than likely going to be the best play
It’s quite something, looking back on how we all got swept up in the Bitcoin wave. I remember learning about it freshman year in Philly, back in 2016. We watched 'Rise and Rise of Bitcoin' and, like a lot of folks, thought it was more of a curious anecdote than anything else. We even had to write a paper on it. We all knew about that first big peak, around $17,000 in 2017. I suppose universities like MIT and Penn eventually put out more formal materials, but honestly, who among us consistently followed it? Our interests, as they do, tended to shift. I dipped my toes in properly around 2020 or 2021, using profits I'd made from the Chinese new energy stock boom. Bitcoin was about $3,800 USDT back in March 2020. A younger friend of mine, still in junior high at 17 but with his father's backing, went all-in around that price and made his first million USD. He cashed out at $35,000, thinking $50,000 was an impossible dream. Of course, we all saw it touch nearly $70,000 in 2021 before tumbling, and now (as of June 2025) people are throwing around numbers like $110,000. That same friend, after his $35k BTC sale, poured it into Bilibili, lost half, then supposedly made around $10 million betting on TQQQ futures, only to lose a chunk of that again. It’s a dizzying ride for anyone. And then there were the personal stings. The big crash on May 19, 2021, hit me hard. I sold my LUNA tokens at $4 USDT – a decision that haunted many when it shot up to $100 later that year, only to become virtually worthless after that. You hear these wild stories, right? The kid who turned a small sum into millions, the early adopters who got 5 BTC just for registering an account, or those who apparently bought Bitcoin on AliExpress way back in 2011. But the common thread for 99.99% of them is that they sold at some point – $5,000, $35,000, $70,000 – probably thinking the next buyer was a fool. Let’s be honest, talking about all these 'what ifs' and 'could have beens' is mostly just noise. It's tough to sleep soundly when you’ve got real money tied up in something so volatile. It truly is as risky as gambling in Las Vegas; very few people genuinely know if it’s going up or down. We all knew Justin Sun came out of Penn, and Penn had a reputation for being ahead on cryptocurrency, and we had prominent figures discussing it. But how many from that circle truly reaped sustained rewards from these investments? Not many, I'd wager. The truth is, you’re only likely to make significant money, or lose it without it breaking you, if you’re already wealthy enough not to lose sleep over a $10 million investment made through an app, and then you forget about it for a few years. Otherwise, you’re constantly on edge: who’s getting elected, which country is banning crypto trading, the next 'May 19th event,' and so on. You end up selling at a loss, or with a small gain that hardly feels worth the stress. I was a rookie trader myself and called it quits by the end of 2022. Some friends were just getting in around then; I can't say if they've won or lost. I’ve got a real business to run now. It doesn't offer explosive profits, but it brings in a stable $150,000 in cash, after taxes, to my account each year. So, when you hear these incredible tales about crypto fortunes made or lost, especially when the market is surging or crashing, take them with a hefty grain of salt. Dwelling on those kinds of dramatic stories – the ones that aren't really your reality or offer no practical lesson for your own situation – doesn't do much good. The real takeaway isn't about the spectacular narratives you hear; it's about understanding your own risk tolerance, focusing on what’s tangible for you, and perhaps realizing that relentless greed, as appealing as it sometimes sounds, might not always be the best guide."
I believe we would have hit $100k if we didn't have FTX, Bkockfi, Celsius, LUNA and fed rate hikes all at the same time...
> That same Raoul Paul? This is the problem with crypto influencers. They generally become scammers. Raoul Paul went from saying, Bitcoin will go to over $1,000,000 and "It May Not Be Worth Owning Any Asset Other Than Bitcoin" https://www.youtube.com/watch?v=qL2LfVRl3J0&lc=UgyGXvIAJIMp6smyXfN4AaABAg.9F0Fy34gBfq9FEbbWCfnHg To shilling ETH and saying it will vastly outperform BTC in the long run. Then to shilling SOL. Then saying LUNA was THE investment opportunity of a lifetime and basically risk free money. > Staking Luna is basically risk free https://www.youtube.com/watch?v=KiYkiIjPIqU
Well the funds inf the form of "amount of token x" are safe on a cold wallet. But in case of sharp drops in value of that coin due to bad news or a so called black swan event (largest LP provider being hacked actually is quite bad), it doesn't really help to have your x amount of y saved if the value of y is 0 😅 take LUNA for example or stuff like Safemoon...
This sub also loved LUNA way back when.
FTX used other people's crypto, the dev is selling his own ETH that he has a right to sell. Who knows what really went down at LUNA, but it was pretty sketchy.
Bullish on FTT, LUNA & Safemoon 🤪😂
> you couldn't scroll one comment...I don't even know what point you are trying to make here. You're comments are all over the place showing you lost money or got scammed on one shitcoin after another. My point is that you're basically a shitcoin tourist, visiting scam destinations, losing your money and then claiming you made off like a bandit after some shitcoin pumps, saying I told you so. > *"Is LRC worth buying still?"* > Nah. Too much risk for too little reward. **A lot of better stuff to invest into. LUNA, FTM, DOT, SOL, MATIC** etc. Hell, even just BTC. https://old.reddit.com/r/CryptoCurrency/comments/s84kul/daily_discussion_january_20_2022_gmt0/htiwfpa/ > Can't believe I missed Luna at $63. Fuck me. https://old.reddit.com/r/CryptoCurrency/comments/s05h6y/daily_discussion_january_10_2022_gmt0/hs039za/ > SOL, DOT, Matic or FTM. Though FTM might be a bit overbought at the moment. I'm dumb and this isn't advice. https://old.reddit.com/r/CryptoCurrency/comments/s46hnr/daily_discussion_january_15_2022_gmt0/hsp9s3p/ > Bought my first sol at 200. 🤡 https://old.reddit.com/r/CryptoCurrency/comments/spkjnk/daily_discussion_february_11_2022_gmt0/hwjmgrd/ > Shorted Sol at 34.88. Closed my position at $32.16. Fuck me. https://old.reddit.com/r/CryptoCurrency/comments/yp9scs/ftx_token_ftt_just_dumped_25_400_million_in/ivi7gj2/
At one point TERA and LUNA had the "biggest community"
And the particles were destroyed nanoseconds later. Imagine the max price chart for Terra (LUNA) condensed into a few nanoseconds. The value of those lead particles would look something like that.
Intentionally or Unintentionally you skipped the biggest fraud he did. With bought BTC with community fund generated out of UST and claimed to use it to collateralize UST. But, when UST started to destabilize and LUNA started to spirally fall, he tried to use the BTC stash to save LUNA without community vote! WTF? LUNA was never a stable coin, but UST was. Why would you market dump a community owned collateral to back up another asset to save yourself and your friends? Can Saylor market dump Strategy's BTC holding without taking permission from Strategy share holders? I lost my life savings in UST and now waiting for the claim refund. I know the backstory in depth pretty well. DK is a criminal who destroyed my life savings and should rot in jail.
Good old times. I wonder how the guy who got "LUNA" tattooed on his arm is doing now...
Thank you for looking at it. I've tried owning all these coins over the years with the exception of the stablecoins (tried sending between exchanges a few times, but the fees were higher than other options), BNB, and one very lucky chance. Coming out of the 2021 cycle, "which of the top ten coins should I buy, AVAX with the groovy Turkish guy or LUNA, pride of Korea?" Thankfully, I picked AVAX.
I loved LUNA. So glad I sold it all at $80 though lol
SOL, ADA, LUNA, DOT, AVAX, DOGE, BNB all saw over 2.5x in a few months in 2021. SOL alone saw an 6x from June to September. And obviously who can forget DOGE did something like a 14x in the first half of the year. Hell BTC did a 2x from summer to October in 2021. I somehow doubt you’ve been actively participating all this time if you don’t know just how quickly things can jump.
I've said, 2021 was probably a perfect storm for ETH's parabolic move. > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. > https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/ Another factor I forgot to explictly mention was staking. My thoughts on staking and locking tokens in DeFi, etc is a complete scam. It's a false hope to gullible investors to lock up tokens to stabilize and/or pump prices while the insiders and founders dump premined tokens that they got for free. Here is my comment from 2022 > 320,000 out of the 400,000 ETH valdiators locked their funds after ETH started reaching ~$2,000 since February 2021. That is roughly ~10 Million ETH that are close to half or less when they were locked. Worse millions were locked away when ETH was $3,000 to $4,500. > Meanwhile the Ethereum Foundation cashed out 20,000 ETH at an ATH of $4,600 on November 11, 2021. Investors essentially gave away their keys and said they'd be happy to hold bags while the Ethereum Foundation cashed out ~$90 Million. https://old.reddit.com/r/CryptoCurrency/comments/vetn0v/daily_general_discussion_june_18_2022_gmt0/ictl4gx/
> I have learned to be bullish when the overall sentiment is bearish in this sub and reddit as a whole. Are people really this dumb? Do people really believe that basing your investment thesis on inversing /r/cc and buying a failing investment is smart. You know what they say about fools and their money... > ######"Why I'm shorting Luna" > *"I guess its time to buy LUNA!"* > **Do the opposite of what the sub's users say!** https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/
> *"Why I'm shorting Luna"* > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/
Hey, he's still lucky. Had he been a BitConnect or LUNA holder, he'd be requesting euthanasia instead.
100% the only one anyone can confidently say will be around. Just go look at the top 10s from past bull runs. EOS, NEO, LUNA. All gone on the wind
Reminder ETH moves because it's a shitcoin casino with leveraged buys. Pretty much like LUNA. When the shit hits the fan, it's cascading liquidations in your face. I've been warning people about this... > Ethereum is a gambling shitcoin casino and a ton of its value is a mirage derived from stacking on-chain leverage in places like AAVE, Maker, etc. and when the shit hits the fan, you can have cascading ETH liquidations to reveal the ugly shitcoinery lying underneath https://np.reddit.com/r/CryptoCurrency/comments/1igbo84/daily_crypto_discussion_february_3_2025_gmt0/maodhx3/ ...mETH Heads are just starting to discover this. > The absurdity of meme coins like BTC and XRP, and their apparent "market caps" are borne out by their own lack of volume. In the past hour ETH cex liquidations are the same as BTC (x8 mcap), and exceed XRP by a staggering 88x (lol). Just goes to show what a meaningless metric mcap is. > *"That also can mean most ETH buy is on leverage, not spot if it is so easy to fall"* https://np.reddit.com/r/ethereum/comments/1k46i01/daily_general_discussion_april_21_2025/mocyfhr/
Solid hall of shame for you. BitConnect OneCoin SafeMoon Squid Game Token Terra LUNA Centra Tech The DAO PlexCoin PayCoin Coinye Trump List Nem/xem
Yes, I remember very well, that is when I bought some LUNA, FTX, CEL
Gary Gensler wasted public resources pursuing baseless legal battles and did nothing to stop FTX and LUNA scams despite all the red flags. And now he cares? Fuck him.
That is actually hilarious, returning BTC with Eth lol At least they didn't return it with LUNA or FTT tokens
Clearly it’s LUNA /S
The recent crash of MANTRA's OM token, which saw a 90% drop in value, was primarily driven by a cascade of forced liquidations and a highly centralized token supply, with 90% of tokens held in a single wallet. This situation mirrors the collapse of LUNA, highlighting the risks associated with thin liquidity and concentrated ownership in cryptocurrency markets. * [MANTRA's $5.4 Billion Crash: How Supply Control Led To Disaster](https://www.forbes.com/sites/aliceliu/2025/04/14/mantras-54-billion-crash-how-supply-control-led-to-disaster/) * [Nomura's Laser Digital Denies Involvement in Mantra Crash](https://www.coindesk.com/business/2025/04/14/nomura-s-laser-digital-denies-involvement-in-mantra-crash) * [Mantra bounces 200% after OM price crash but poses LUNA-like ...](https://cointelegraph.com/news/mantra-om-price-crash-bounces-200-luna-risk) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)
Smart Money Inverse Reddit > ######"Why I'm shorting Luna" > *"I guess its time to buy LUNA!"* > **Do the opposite of what the sub's users say!** https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/
Isnt it just very dumb what dev of MANTRA did? Didn’t he see what happened to the owners of LUNA and FTX? This rugpull will lead to jail.
tldr; Mantra DAO’s OM token experienced a historic 95% crash, wiping out $6 billion in value within an hour, marking one of the fastest collapses in DeFi history. The drop, attributed to liquidations on centralized exchanges during low-liquidity hours, raises concerns about the DAO's financial stability and trust in DeFi. Speculation surrounds large token transfers and investor actions, with Mantra denying involvement. The crash highlights vulnerabilities in decentralized finance, echoing past collapses like Terra LUNA, and leaves the future of OM uncertain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Even then its not even remotely similar. Luna tanked because it correlates to UST (US pegged Terra) This is explained in a little detail on [wiki](https://en.m.wikipedia.org/wiki/Terra_(blockchain)#:~:text=In%20May%202022%2C%20the%20Terra,the%20company%20filed%20for%20bankruptcy.). Tldr: mass withdrawals from anchor led to UST de-peg. To balance ust back to $1, LUNA needed to be sold. As consumers lost more confidence, more ust was shifted to other stable assets, and in response MORE luna was sold. Large parts of this is also automatic, luna is sold to balance ust back to peg. Completely different to mantra aside from price action
tldr; Mantra's OM token rebounded nearly 200% after a 90% crash, following allegations of a rug pull scam. Co-founder JP Mullin denied the claims, attributing the crash to forced closures by centralized exchanges. Despite the recovery, skepticism remains due to the project's tokenomics changes and parallels to Terra's LUNA collapse. Analysts warn of potential further declines, with OM's structure resembling a bull trap. OKX CEO labeled the situation a 'big scandal,' and further reports are expected. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
More like a mini LUNA lol
If 5 billion disappears in less than an hour you can be sure someone will look into it. It gives off some serious LUNA vibes.
Very similar to Terra LUNA lol. A crypto that was massively overperforming even BTC and then suddenly collapses to zero.
> ######"Why I'm shorting Luna" > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/
I need them to use CRO and LUNA, please.
I thought this was known like since LUNA crashed or I’m missing something?
tldr; Researchers from Queen Mary University of London have uncovered evidence suggesting a coordinated effort by a small group of traders to cause the $3.5 billion collapse of the TerraUSD stablecoin and its partner currency, LUNA, in May 2022. Using advanced mathematical tools and trading data analysis, they identified unusual patterns where five or six traders dominated the market, likely shorting TerraUSD to profit from its failure. This research highlights the potential for mathematical tools to enhance transparency and security in financial systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
They bought LUNA. They clearly don’t do much reading or risk analysis 😂
I'm with you. I sold 2/3 - 3/4 of my LUNA like 2 weeks before the crash due to sheer, dumb luck. It was quite a few thousand. I lost a couple thousand in the crash, but all I could feel was how lucky I was I had sold the rest (at a profit.) I still have that LUNA in my binance account as a reminder to not be a greedy dumb fuck.
What I don’t understand is how a system like LUNA doesn’t create a fail safe for this exact eventuality. I mean a simple circuit breaker style function comes to mind. Is that just too big a scale to program? What am I missing? Is it all hubris?
This is the one where the founder practically invited people to attack the TerraUSD-LUNA peg?
Oh man - TerraUSD and LUNA hitting rock bottom. Evergrande crashing, burning, and taking the whole stock- and crypto markets with it. Those were the days.
>The team's analysis revealed that on key dates, just five or six traders accounted for nearly all the trading activity, with each controlling almost exactly the same share of the market. This level of coordination is virtually impossible by chance in a normal trading environment and strongly suggests that these individuals were working together to trigger the collapse. It proves what people were already saying back when it happened in May 2022: that this was a financial attack, with the purpose of destroying the Terra-LUNA ecosystem. But the question remains, though - who might be responsible? You need a loooooot of money to pull something like this off.
Number 1 advice on r/cryptocurrency has always been "Just buy and hold BTC". NOOBs think every shitcoin rises from down -95% to pump 20X just because SOL did. /r/cc and crypto sentiment is right on this almost every single time when coins are declared scams or dead. > Look at all the paid shills in here, the ripple marketing campaign has no limit to where its paid shills pop up. We're talking about a token which is utilized by literally no institutions, is fully centralized, closed source, printable, all nodes owned by ripple, and vast majority of supply owned by ripple (which has a team full of bankers), only to be sold or distributed at their will. (January 4th, 2018 XRP $3.20) > The more I see these regarded anti-Ripple FUD posts on this subreddit the more I laugh. Please, by all means, sell! > i bought more after reading this https://np.reddit.com/r/CryptoCurrency/comments/7o6u64/sold_my_all_ripple_after_reading_this_just/ > *"Why I'm shorting Luna"* > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/
tldr; Researchers from Queen Mary University of London have uncovered the mechanisms behind the $3.5 billion collapse of the TerraUSD stablecoin and its associated LUNA currency. Using advanced mathematical techniques, they identified suspicious trading patterns suggesting a coordinated attack by a small group of traders. These individuals controlled nearly all trading activity, destabilizing the system. The study introduces new tools for analyzing cryptocurrency markets, offering insights for regulators and investors to mitigate risks in the volatile crypto space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I personally started to believe we were entering a bear market after the LUNA crash in May 2022, with full confidence by the FTX fiasco. My feelings are not the same as they were back then, that may be in part because I am up a lot from buying BTC that whole time period, but I can say the space has completely changed since 2022. Alts don’t have the ETF’s and institutional interest that Bitcoin has, so we can’t expect things to play alike.
Accurate. He was a huge LUNA fan. Sold nfts. Macro guy (different game). Eloquent speaker.
- Buy Shitcoin in Bear - Sell Shitcoin in Bull - Profit - Repeat - Get Rich - The cycles provide the blueprint. I am crypto veteran, trust me Reminder that your Shitcoin is not a Goose that will continue to lay golden eggs for you just because it did it once or twice. > I really think Dec-Jan as the perfect storm for Nano/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio hoping this will suddenly boom like it did in the perfect storm scenario is foolish. https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/ > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/
> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is **how much of a leveraged casino coin ETH was that drove this rise.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/
For those people who didn’t lose enough money on LUNA…
Is it possible to consider that there is a chance to apply if, in the month of the LUNA+UST crash in 2022, a trader suffered a 20-fold loss in a short period of time, but quickly fixed during that summer 2022 it by selling shit tokens (to have at least something left) - will such losses be considered for compensation in the court case, or only those holders who held the devalued LUNA or UST all the time at least until the official bankruptcy of Terraform Labs in January 2024? ChatGPT argues that such plaintiffs have no chance
What if I purchased a tonne of LUNA during the run for it do suddenly crash and I was forced to sell at a much lower price? Is there any hope for me if an exchange can provide proof of this?
I am expecting MSTR to implode next bear market (and no this isn't it despite what this sub likes to think). '22 with it's LUNA and FTX will feel like a picnic in comparison.
You don’t know what happened to LUNA/UST?
FTX was the second biggest crypto exchange and LUNA and a billion worth of BTC reserves when they collapsed It's a poor argument to just point out good figures that something cannot fall because of that
They’d probably have said yes to LUNA if that scam didn’t collapse in 2021
Oh man i avoided so many FAILS, i do not think ill be able to remember all. LUNA is surely one of the top along alot more shitcoins/influencers suggestions
I had a big % of my portfolio in LUNA. After a discussion with a friend who argued I should rotate to something smaller with more growth potential, as LUNA had already done a spectacular run, I decided to sell it all. Some 3 weeks later the fateful LUNA collapse ensued.
I didn't fall for $LUNA.
ETH is more like LUNA. Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. When volatility strikes, ETH gets liquidated.
I think all countries have cryptos but they don't call them reserves. They probably didn't buy them, they just captured a usb drive in multiple crime scene with moneros or btcs in it and asked the password to the criminal and they sat on them. Trump is (and always been) a trader even before his political carrier. So was Elon and his other collegues around. The main market and market maker is bestie of Elon (CZ of binance). They won't let crytpo collapse unless CZ wanted to cash out completely (That's a personal opinion). Please don't use a money you can't afford too loose. It's a cliché but it's 100% true. If you are down 90% but that 10% can save your asses, families etc.. Cash out and save your only investment: your life. You can always come back to this casino after making some money. And you can not make money if you are not sane. I don't know if you were around when FTX/LUNA/UST/ANCHOR collapsed. I remember reading suicide notes in most forums. It was incredibly dark. People lost everything in few minutes after making 1000x profits in few years. We are still better than that period of crypto, but crypto is still a shit hole and always will be. Not because of shit coins, but because of shady main actors of it.
> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/?context=3
The worst I ever felt was during the LUNA crash to $17k, ever since then I’ve been numb to all these movements
ADA, LINK, HBAR, and then small amounts of LUNA (lol) and MIOTA.
Missing TRUMP & LUNA
RaoulPal part of the SUI VC gang. LUNA was his ex-favourite.
Strawman much? Most people here (like myself) want crypto to be more regulated to protect retail investors. I think any reasonable person will agree on that. But Gary Gensler never tried to be a regulator and preferred instead to waste taxpayers money on legal witch hunts without having a strong case against the companies he was prosecuting... and that's why he lost to Ripple, Coinbase, Grayscale or Blackrock and made the SEC a laughing stock when it comes to crypto. And BTW, when he was busy tilting at windmills, we had massive scams like LUNA or FTX happening and he did nothing to prevent them.
Didn’t that guy get rugged with LUNA/UST?
I held UST and LUNA in 2022, the day after the crash when things were creeping back up again, expecting it to recover. Started around $15K. Could've cashed out $10K the next morning. Cashed out $2.5K in the end. Pain.
There was a time LUNA was considered stable and holding at $120-125.
Remember when the ETH Maxis kept created a site to show how much more Saylor would be up if he smoke mETH instead of buying BTC? The site is still there to expose their foolishness: > There is no second best - Invested: $ 30.360 billion, currently worth: $46.135 billion (52 %) - IF THEY HAD BOUGHT ETH INSTEAD, THEY WOULD NOW HAVE 11,767,438 ETH currently worth $31.941 billion (5 %) https://www.blockchaincenter.net/en/there-is-no-second-best/ What we kept on saying to mETH heads was, Saylor couldn't do this strategy with **ETH -- it doesn't have the deep global liquidity on exchanges and Over-The-Counter. ETH's a 2-cycle shitcoin with shallow liquidity:** - ETH tanked to $80 with ICOs dumping during the 2018 bear market. - ETH tanked to ~$2,300 when Binance dumped some earlier this year - A lot of ETH valued during the 2021 run was on-chain casino leverage where ETH was used locked as the native asset to mint $6.2 Billion in DAI not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. On the other hand there is deep liquidity and demand for BTC: - BTC absorbed a $2.8 BILLION dump by the German government in July 2024 - BTC absorbed another few BILLION more unloaded by Mt.Gox afterwards and climbed to $100K. If you're in crypto you might want to learn what liquidity is before you go 100% in something like ETH or worse buy low liquidity easily manipulated Alts that moon but don't have the liquidity to allow even a small fraction of investors to cash out. There is a reason why institutions, corporations and nation states invest in BTC and not shitcoins.
Remember when the ETH Maxis kept created a site to show how much more Saylor would be up if he smoke mETH instead of buying BTC? The site is still there to expose their foolishness: > There is no second best - Invested: $ 30.360 billion, currently worth: $46.135 billion (52 %) - IF THEY HAD BOUGHT ETH INSTEAD, THEY WOULD NOW HAVE 11,767,438 ETH currently worth $31.941 billion (5 %) https://www.blockchaincenter.net/en/there-is-no-second-best/ What we kept on saying to mETH heads was, Saylor couldn't do this strategy with **ETH -- it doesn't have the deep global liquidity on exchanges and Over-The-Counter. ETH's a 2-cycle shitcoin with shallow liquidity:** - ETH tanked to $80 with ICOs dumping during the 2018 bear market. - ETH tanked to ~$2,300 when Binance dumped some earlier this year - A lot of ETH valued during the 2021 run was on-chain casino leverage where ETH was used locked as the native asset to mint $6.2 Billion in DAI not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. On the other hand there is deep liquidity and demand for BTC: - BTC absorbed a $2.8 BILLION dump by the German government in July 2024 - BTC absorbed another few BILLION more unloaded by Mt.Gox afterwards and climbed to $100K. If you're in crypto you might want to learn what liquidity is before you go 100% in something like ETH or worse buy low liquidity easily manipulated Alts that moon but don't have the liquidity to allow even a small fraction of investors to cash out. There is a reason why institutions, corporations and nation states invest in BTC and not shitcoins.
Hopefully you don't need to learn the hard way like me. But at first I did what you sound like you want to do. I bought 10-15 coins and hoped they would moon. Diversifying (in a way) is a form of FOMO when not done correctly. I've had some wins... SOL at $20 Avg. Some losses... LUNA... Went to $0. And everything in between. I did the math a couple years back, and if I put everything into BTC it would have performed better than my combined wins/losses. That's the trap, you don't want to miss out on something mooning so you 'diversify'. If you still want to diversify, after all is said and done, put by far the largest portion into whatever you think is safest. Spread the remaining small amount into other Moonshots. Likely, in a few years, you'll come to the same conclusion I did. Good luck!
I remember LUNA...my bank balance remembers LUNA
Yeah just wait until SBFraud’s and Alamedas Gollum creature wife unlock their SOL holdings , cans wait for SOL to go the way of LUNA, good riddance for rug pulling shit chains
Reminder that a Perfect Storm pushed ETH to ATHs in 2020/21 and only fools chase the same euphoria expecting a repeat. **Leveraged Casino Coin ETH was one of the key KPIs in its 2020/21 Pumpanomics.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. This leverage ETH to mint DAI pumpanomics combined with BTC parabolic moves, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money pumped ETH to $550 Billion marketcap. It was a Perfect Storm. Expecting ETH to do the same type of run is like when I warned Nano bagholders that 2017/18 top was a Perfect Storm not to expect it to happen again. > I really think Dec-Jan as the perfect storm for Nano/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio hoping this will suddenly boom like it did in the perfect storm scenario is foolish. https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/
fair points about Bitcoin holding steady while alts tank. Let me clarify: my original argument wasn’t that this crash is ‘identical’ to past ones, but that it’s ‘consistent with cyclical patterns’, even with new variables like ETFs. yes , Bitcoin’s stability at $95k is unusual compared to events like the LUNA crash, where BTC dropped too. But in 2017 and 2021, BTC dominance surged first while alts stagnated—sound familiar? ETFs are pulling institutional money into Bitcoin first, but that doesn’t mean alts are dead. It just means we’re in the “BTC phase” of the cycle. the $234B loss is brutal, but context matters. The alt market is 3x larger than in 2021, so a 20% dip isn’t the same as LUNA’s 65% collapse. Glassnode ranks this as the 41st worst percentage drop in 4.5 years—significant, but not apocalyptic. U r right to flag Bitcoin’s stability as a new dynamic, but ask yourself: if dominance reverses (like it did in 2017/2021), where does the money go? Alts. And with ETH ETFs, memes, or a Fed pivot looming, that reversal could happen faster than people think. TLDR This isn’t “altcoin doom.” It’s crypto’s seasonal drama. Stay patient. 🍿
While the $234 billion drop is significant, it is not unprecedented. Similar or larger declines have occurred during previous market crises: May 2021 Miner Migration: The altcoin market experienced a massive sell-off due to China’s mining ban, which caused widespread panic and a sharper decline than the current event Late 2022 LUNA/3AC Collapse: The implosion of Terra’s ecosystem and the bankruptcy of Three Arrows Capital triggered one of the most severe altcoin devaluations in history, far exceeding this recent drop in both percentage and absolute terms Glassnode data confirms that while the recent decline ranks among the largest in absolute terms, it is only one of the 41 worst drawdowns in percentage terms over 1,662 trading days. This indicates that larger percentage-based losses have occurred multiple times. The current decline aligns with historical patterns of volatility in the crypto market and is consistent with major sell-offs observed in 2024. It reflects structural challenges like diminished capital rotation into altcoins due to Bitcoin ETFs, rather than an unprecedented market event. Regarding your position that there is a “clear disconnect” between Bitcoin and the usual rotation of capital into altcoins: you r jumping the gun a bit. This Isn’t the First Time Altcoins Have Lagged Behind Bitcoin...If you’ve been around crypto for a few cycles, you know this isn’t exactly new. Historically, Bitcoin tends to lead the charge during bullish phases, with altcoins following later as profits rotate out of BTC. For example, back in 2021, Bitcoin dominance surged before eventually dropping, which triggered an altcoin season. Right now, we’re seeing something similar: BTC dominance is climbing (it’s at multi-year highs), but that doesn’t mean altcoins are permanently out of the game—it just means they’re lagging for now. Macro Factors Are Playing a Huge Role. One thing that’s different this time around is the macroeconomic environment. With high interest rates and quantitative tightening (QT) sucking liquidity out of global markets, speculative assets like altcoins are struggling more than Bitcoin. BTC is seen as the “safe haven” of crypto—kind of like digital gold—so it’s naturally attracting more capital in this environment. Altcoins, on the other hand, are riskier bets, so it makes sense that they’re not seeing the same inflows right now. Even though altcoins have taken a beating recently, I wouldn’t say there’s some kind of permanent “disconnect.” If you look at previous cycles, Bitcoin dominance always peaks before altcoins rally. Analysts are already predicting that BTC dominance could reverse soon, which would likely bring capital back into alts. There’s even talk of the altcoin market cap growing significantly by the end of 2025 (some estimates suggest it could hit $7 trillion). So yeah, things look rough now, but this could just be another phase in the cycle. This is ultimately just Bitcoin Maxis Flexing. Bitcoin maximalists have been calling for the death of altcoins since forever (remember 2017?). But time and time again, alts bounce back stronger than expected. Sure, institutional adoption of Bitcoin ETFs is pulling money into BTC right now—there’s over $250 billion projected to flow into these ETFs this year—but that doesn’t mean people are done with alts. It just means Bitcoin is having its moment in the spotlight.
> cycle is great if you’re loaded playing with majors only...Meanwhile smaller alts are nothing but pump and dumps Not sure what chart you're looking at but ETH has been one of the worst performers this cycle, actually losing money over 1-YR when BTC has been on a bullrun | ETH | From Date | |:-----------|------------:| | 7-DAY | -6%| | 14-DAY | -16%| | 30-DAY | -14%| | 60-DAY | -33% | 90-DAY | -15% | YTD | -22%| | | 1-YR | -1.7%| | ATH | -47%| > Compared to 2020/21 which was up only for over a year post Covid crash, most def thanks to normies gambling online. You seem to be missing the fact of **how much of a leveraged casino coin ETH was that drove its rise in 2020/21.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH in 2020/21.
I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI.
patience, believe, hodl 3 keywords to future results. I had patience, I believed, I hodl but guess what I still got liquidated by LUNA few years ago. Yeah the same fukin luna that most of you and others said was poised to be a great fukin investment. Sometimes hodl doesn't work Hodl only fukin works for BTC not alts.
Should I sell all my XRP for LUNA?
Backtesting of the protocol shows that APR will fluctuate between 10-20% dependong on funding rates. When USDN went live people where very eager to use the protocol to long ETH redulting in unusual high funding rates paid by ETH perpetuals to USDN holders, thus the currently high APR. The APR is decreasing as the protocol is balancing. Since you are so sure that this is a ponzi, I challenge you to read the documentation. The Smardex team has provided 1 BTC as a reward to anyone who can prove how the protocol is a ponzi or will crash like LUNA.
Hoooly shit, it's LUNA and UST all over again. Crazy how history repeats and every cycle a new flock of suckers is ushered in. Some of us have been here before. We are trying to warn you.
I can definitely see Saylor/MSTR being the LUNA/FTX of this cycle.