LUNA

biba8163

> 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/

7366241494

For those people who didn’t lose enough money on LUNA…

Direct-Gain9933

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

Hopeful-Wind-6332

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?

Simke11

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.

piggleii

You don’t know what happened to LUNA/UST?

piggleii

None, just like LUNA/UST.

Every_Hunt_160

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

Every_Hunt_160

They’d probably have said yes to LUNA if that scam didn’t collapse in 2021

rando08110

Lol BTC - LUNA

Azatis-

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

igobymachi

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.

No_Zombie_1190

I didn't fall for $LUNA.

biba8163

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.

sinuscosine

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.

biba8163

> 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

TexasBoyz-713

The worst I ever felt was during the LUNA crash to $17k, ever since then I’ve been numb to all these movements

Inverseyaself

ADA, LINK, HBAR, and then small amounts of LUNA (lol) and MIOTA.

Worried-Low4580

Missing TRUMP & LUNA

kenzi28

RaoulPal part of the SUI VC gang. LUNA was his ex-favourite.

piggleii

Yeah, like Anchor on LUNA.

Hungry-Class9806

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.

piggleii

Didn’t that guy get rugged with LUNA/UST?

Anishinabeg

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.

Eurothrift

There was a time LUNA was considered stable and holding at $120-125.

biba8163

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.

biba8163

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.

jonnytitanx

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!

ManBearPigRoar

I remember LUNA...my bank balance remembers LUNA

Greedy-Bedroom-4301

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

biba8163

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/

Few-Fix4714

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. 🍿

Few-Fix4714

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.

biba8163

> 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.

biba8163

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.

mrg2483

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.

No-Introduction-6368

Should I sell all my XRP for LUNA?

RudbechM

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.

Ace-of-Spades88

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.

TexasBoyz-713

I can definitely see Saylor/MSTR being the LUNA/FTX of this cycle.

piggleii

It would be this cycle's equivalent of LUNA and FTX if that happens. I think Michael Saylor is a fair bit smarter than SBF and Do Kwon though. For starters, he's not as fat as they are.

HesitantInvestor0

LUNA too. Amazing that these people can get it so wrong so often.

dragunfire03

The same guy that got a LUNA tattoo? Yeah great guy to listen to. /s

MinimalGravitas

> CELCIUS, VOUYGER, FTX, 3AC None of those were DeFi platforms, they were all Centralized services where you gave assets to a company and trusted them to pay you interest. Kinda the exact opposite of DeFi. > TITAN, LUNA Titan/Iron and Luna/Terra were both unsustainable algorithmic stablecoin platforms. They were mostly 'DeFi' to be fair to you, but in both instances people who understood them were warning people that there wasn't an onchain source for the rewards that were being paid out and so it could only possibly end one way. > you’ve got to be mental to use any DEFI platform nowadays The whole point of DeFi is the user should be able to see exactly where their assets go, what happens to them, and where any rewards come from... e.g. if you look at AAVE you can see that the interest given to lenders comes from the interest paid by borrowers. In Uniswap the returns you get from providing liquidity come from the transaction fees paid by people swapping. All the code is open source, the chains the platforms run on are public, if you are concerned something is going to break you can examine it yourself, rather than just lump everything into irrational categories and tar it all with the same brush.

Agitated_Custard7395

TITAN, LUNA, CELCIUS, VOUYGER, FTX, 3AC, and soon to come THORCHAIN to name a few, you’ve got to be mental to use any DEFI platform nowadays

MinimalGravitas

Maybe ~~NEO~~ ~~EOS~~ ~~LUNA~~ ~~Fantom~~ ~~Tezos~~ ...

Calm_Cry1981

HOPE! \~While I was sickened over it, I knew before investing that the crypto market is **volatile**. I hope you knew that too when you invested in this crazy market. I never imagined 'LUNA kind of volatility' bc that was seriously extreme! A coin plummeting to zero almost overnight. The market is tanking now, and I just take it in stride and sit on my stash of coins. I looked at my accts this morning, one is down $6k, another 2k, and another is down $400, but I keep investing in XRP. Just traded some of the my Ethereum I had staking to buy more this morning. I am a firm believer that XRP has been undervalued for years! I'm not the only one that feels that way. **Wall Street Analyst Says 4-Year Cycle Trend Could Drive XRP to $33** Go read some articles on the prediction price of XRP and have hope. That's actually the only you can have with this market. But dont put a crypto price tag on your mental health. If you stay depressed, maybe ask your Dr for something. I took Wellbutrin for a few months. It helps curve that "feeling", and my mind could 'rest'. Just dont make rash decisions buying and selling to recoup. You lose more money in trading fees and market dips.

_Commando_

That only happens on really bad MEME coins and sh't coins like LUNA :D

imadumbshit69

As an engineer, I've come to realize that engineers are some of the laziest, smartest dumb people I have ever met. But that's also the reason why I didn't lose money on the amazing %s Celsius was offering, or LUNA, safemoon, ftx, elondickcoin, etc. Will i get rich, nah. But I have more than doubled what I invested, and the red days are bought by my 'smart person' salary.

Agitated_Custard7395

For now, but the project looks dodgy as fuck. The amount of coins owned by the founders that are unlocking soon is concerning. Also, they’re introducing a stablecoin, which removes all the utility from XRP, sure the stable coin is backed by XRP but if XRP has no utility then it has no value. Stable coins backed by crypto have a history of failure, see LUNA/TITAN etc

Grouchy_Tune4503

People still trade FET and LUNA 🤷‍♂️

OohDatSexyBody

Depends, are you holding a bag of EOS, LUNA, AMP, BCH, Dash, and Safemoon?

oopssomething

LUNA 2 decoupled

ThatInternetGuy

Well, futures wasn't totally to be blame. Nothing could save him from that deep endless rug of LUNA. It went downhill fast for him.

watch-nerd

"The launch of Pump Fun is directly correlated to the destruction of the altcoin market vs [$BTC](https://x.com/search?q=%24BTC&src=cashtag_click). The reason we've seen no major "alt season" across majors, is because the speculative capital that would've once poured into top 200 assets, instead decided to jump the gun and flood into on-chain low caps instead. The early birds & insiders got insanely rich from this. And truthfully, there was a lot of money to be made (and still is - it isn't going away). But most retail (who entered late) lost, as is the case in most altcoin cycles. But unlike 2022, where their losses were limited mostly to CEX alts with solid liquidity, instead, they got stuck into illiquid on-chain memes which quickly retraced -70-80%. Thus, it became a wealth destruction event much greater than the early 2022 bear (LUNA aside), even though BTC (and some majors) are still in a macro bull trend." [https://x.com/milesdeutscher/status/1886692383578104265](https://x.com/milesdeutscher/status/1886692383578104265)

partymsl

Yes, LUNA was the best buy in early 2022 until it was not...

Zub_76

That’s true. But it’s worked out for me decently over time…except LUNA. Fuck LUNA.

CatatonicMan

What nonsense. The FTX and LUNA collapse caused a bunch of crypto companies to go bankrupt and cost their users huge amounts of time and money dealing with that nonsense. This is just a boring old price correction. We can talk about "worse than FTX and LUNA" when crypto companies start dropping like flies

biba8163

BTC opened Pandora's box. Scammers realized they could just become Shitcoin Robber Barons by printing your own tokens and would never have to work again in their lives. And the dumb and the gullible just kept giving them money...over the over One of the biggest red flags to look out for **** - crypto is essentially printing your own money and there are a ton of people who have created and/or abandoned multiple projects enriching themselves. Jed McCaleb - Ripple founder - Stellar founder Charles Hoskinson - Bitshares Co-founder - BitUSD co-founder- larges algorithmic stablecoin a few years back that depegged and collapsed many years before LUNA https://coinmarketcap.com/historical/20141206/, he is creating another another "amazing" "formally verified" algorithmic stablecoin on Cardano https://twitter.com/iohk_charles/status/1405737563030183936 - Cardano founder Dan Larimer - EOS founder - Bitshares co-founder - BitUSD co-founder - Steem founder Kris Marszalek - Monaco - Crypto.com Da Hongfei and Erik Zhang - NEO - ONT Sergey Ivancheglo, Dominik Schiener and Company - IOTA - NXT - JINN Jusin Sun - TRON - Bittorrent DJ Qian - Qtum - Vechain

Django_McFly

FTX and LUNA were multiple teens of billions of dollars lost. 10+ > 2.2

coinfeeds-bot

tldr; Crypto traders experienced a massive $2.2 billion liquidation as Bitcoin and Ethereum prices plummeted, marking the worst single-day liquidation event in history, surpassing the Terra (LUNA) and FTX collapses. The crash was triggered by panic over new tariffs imposed by Trump, leading to a 20% drop in Ethereum and a significant decline in Bitcoin. Altcoins also suffered, with many experiencing 15% to 30% losses. The high leverage in the market exacerbated the situation, causing a snowball effect of liquidations and deepening the market decline. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

legendary-assassin

My LUNA/UST hasn’t moved so I’m chillin 😎

watch-nerd

For those who say 'this is over-reaction': "$2.15b liquidated from the crypto market in the past 24 hours. Worst liquidation event in history in a single day. Worse than LUNA. Worse than FTX ($1.6b)." [https://x.com/milesdeutscher/status/1886255840161870019](https://x.com/milesdeutscher/status/1886255840161870019)

The-Alcoholic-Seal

Never gonna forget the LUNA & FTX crash

forthetorino

Real ones remember LUNA.

drivzzz

RUNE doing a LUNA right now ?😅

Jx_XD

Saylor Moon fly to LUNA..

terp_studios

LUNA failed because it’s a shitcoin with no utility. Bitcoin has utility: the most secured, decentralized, and immutable monetary base ever. The two scenarios you mention are not similar at all. You realize bitcoin is only 4% of its total reserves, right? US treasuries are backing 71% and then they have a bunch of gold.

terp_studios

LUNA failed because it’s a shitcoin with no utility. Bitcoin has utility: the most secured, decentralized, and immutable monetary base ever. The two scenarios you mention are not similar at all. You realize bitcoin is only 4% of its total reserves, right? US treasuries are backing 71% and then they have a bunch of gold.

Every_Hunt_160

Saylor gives me LUNA vibes, the holders think MSTR is a free money glitch whereas sane people are saying "It's too good to be true"

ThatInternetGuy

USD Stablecoins must be backed by USD, not backed by BTC. People are not smart to understand that Tether minted billions of USDT out of thin air to prop up BTC price by buying BTC with the so-called unbacked USDT, and the supposed "profits" are from BTC price pumped artificially by Tether themselves. This is exactly the LUNA/UST fraud that landed Do Kwon in prison, the fraud that pushed BTC below $20K.

ElPeroTonteria

Curious of yalls opinions here... TL:DR Do we still have a 4 year cycle like we've seen since BTC began? Or have the fundamentals changed and everyone thinking they're selling the top won't ever see their re-entry then FOMO back in? Ive been in this space since 2018. I made rookie mistakes like buying BTC for 5k and panik selling for a loss, lolz. I bought the dips leading up to the Elon/DOGE/China FUD, and have hodl'd through the peaks of 2021, the FTX meltdown, the TERRA/LUNA ass-kicking and through the winter... I added to my BTC bag through the winter with what I could spend and quasi-DCAd through last year. I was planning to sell this year, but now Im not sure that's the move anymore... Who thinks that with SEC and banking coming in-line w/ BTC and institutional $ falling in that we don't see the 70+% meltdowns and maybe just start behaving like a regular TradFi product?

Verociity

Ethena (ENA) has it's own stablecoin USDe which was adopted very quickly by exchanges. The staking yields are high like LUNA but it's funded by perps and lending, unlike LUNA's UST which was backed by BTC. It's also one of the few alts held by world liberty financial (along with aave, link).

Every_Hunt_160

Basically what you’re saying it that he ‘survived’ a LUNA/Celsius/FTX crash, that’s like FTX going to zero and going to FTX 2.0 if those crooks didn’t get locked up and started another grift

No-Introduction-6368

It went from .29 - $3.00 for me so cool, great, sold and left XRP army. I am a peon and care less about my pathetic bags than what's good for mankind. XRP I hope follows LUNA, HarmonyOne, Safemoon etc.

TexasBoyz-713

Very active on large dump capitulation days(LUNA, FTX) but besides that, pretty much mirroring the low activity we had when BTC was crabbing in the $60k’s

FalseDescription5054

FTX, LUNA was also big and failed ! However good chance that bitcoin goes to 1 million! Digital gold

chchrnblklk

This day 3 years ago, LUNA hit $100 for the first time. Held (and staked) that shit from $4. For a while I was dreaming of early retirement. It was a dream that quickly turned into a nightmare.

coinfeeds-bot

tldr; The SEC has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto, with misleading investors about Terra USD (UST) after it lost its $1 peg. The SEC alleges Tai Mo Shan engaged in trading to falsely suggest UST's algorithm maintained its price, when in fact, Tai Mo Shan's $20 million purchase helped restore the peg. The firm will pay $123 million in penalties and disgorgement. Tai Mo Shan also distributed LUNA as unregistered securities. The case highlights the reliance on external support to maintain UST's value, contrary to public claims by Terraform Labs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Dudester319

Ukraine war's start with folks hightailing it to Turkey and moving their cash via bitcoin. 😳 That, and pandemic cash / FOMO just before $LUNA/Celsius/FTX fiascos. 🥴

IgorKyiv

Mate, What happened sucks, but it’s a lesson. Let me share my own story — maybe it’ll help you. It’s 2022, there’s a war started in Ukraine, we pack one bag and leave Kyiv with the family. I grab all my cash and start moving from city to city. I realize it’s unsafe to travel with a big bag of money or cross the border like that. So, I put most of my funds into USDT — part on Binance, part on UST-LUNA. Then the FUD kicks in: people are saying Binance is crashing, GATE is crashing. I panic and start moving everything into UST, thinking it’s safe, and transfer it all to FTX — the “super-reliable” U.S. exchange. 19% rate was looking good for savings and I was really stressed by the war.. Then LUNA starts collapsing. I watch UST depeg: first to 80 cents, then 50..20..I see the panic, but I’m stubborn — I don’t want to withdraw. For me, it’s a lot of money — over $150k. Before the drop Ive only take out $20k to buy gear for my friend and his military buddies, thinking “it’s fine, everything will recover.” But LUNA keeps dropping — 12 cents, 11, then 7. That’s when I realize it’s over. And then it gets worse. I take a 90% loss, withdraw what’s left, and bam — FTX crashes too. News hits: it’s a scam. I log in, and all my funds are gone. FTX developers cleaned it out, and now they’re saying my money’s not coming back. I even filed a claim, but no one cares.. I lost everything. So yeah — I lost everything in one day. All my savings. In the middle of a war, not knowing what tomorrow would bring. My daughter and wife was in Budapest and no any money. But here’s the thing, man — it’s a lesson. You’ve got to move forward. I read a ton of books, learned how to trade, and figured out crypto inside-out. It’s just another life lesson. Take it, learn from it, and start growing. I know you’ll make it. Please make rule, no futures until you got your backtested strategy, but prop firms with 100-200$ account and try there, no risk with own money. Here recommendations: “The Compound Effect” — Darren Hardy. “No Excuses! The Power of Self-Discipline” Brian Tracy “Maximum Achievement”.

ProcedureOk6974

The same was said after FTX and LUNA, but at least the FUD caused by those events was actually justified due to the severity. Compared to those black swan events a slightly bearish FOMC report and -15% BTC isn't going to end crypto.

Scottex99

I’m from UK so don’t have much knowledge on the tariff thing, I’ll look into it. But in general you have to look out for black swans. Something like that or actual war with Putin nuking everyone, or Saylor dumping his entire bag for some reason. I’m pretty bullish for the start of the year but I was also very bullish just before FTX went down, I lost a chunk in LUNA but I also bought BTC at $17k (and $3k after covid) so I think there’s no clear answer. Try to adjust your strategy as best you can. Enforce bankroll management, avoid fomo, cash out profits where possible and don’t do dumb shit But it’s not easy

observer2025

At the upcoming BTC bear market, if they use the QC (similar to LUNA and FTX) as an excuse to explain any price crash, are we all going to buy into those narratives?

epic_trader

It's hilarious how people are talking about this guy when he's got a proven track record of being a complete moron. He managed to get into ETH early cause he was lucky and met the right people, then he thought EOS was going to surpass ETH and then he got into LUNA. Proof that making it big is often more about luck than skill or brains.

4inalfantasy

You can research about Algorithmic stablecoins. LUNA/TerraUSD falls into this category.

AnimalExpress489

LUNA to the moon😆😆😆

cantstayangryforever

I don't think that would have happened if not for LUNA/UST/FTX tbh

aristics

Not buying Solana at 8$ a couple years back Selling the Moons i bought at MEXC for a loss after the Reddit FUD Holding LUNA that turned a few hundred into cents Not selling anything in the 2021 bullrun and riding it all the way down ( i still hold everything from then)

Every_Hunt_160

Right I see where the difference in opinion lies. I was putting in a bunch of coins setting new highs that weren't around in 2017 DOT, SOL, MATIC, LUNA, CRO, SOL, TRX etc were coins that all set new highs in the 2021 bull run. I guess this time round there's a lot more coins around in the past bull run we're seeing now, but seeing that only 2 or 3 coins in the top 30 that didn't break the previous high justifies the point I'm trying to make.

deepdishj

Switching 0.5 BTC to LUNA in mid April 2022. Then going on vacation and not checking things for about a couple of weeks.

bluedogmilano

I will sell all my LUNA next week... I know I can 3x it

Criss_Crossx

LUNA was all about timing. I bought well above $1 for sure and was sitting decent for small gains before it dumped. Had I hit 5 figures or more I would have absolutely taken profit and traded. But that's not what the market timing had in mind for me.

coinbetyar

Got into LUNA at 0.28. Rode it all the way up and down. Valuable lesson in taking profits after a couple hundred turned into six figures. Still came out better then some people. Portfolio now 75% BTC, 15% ETH and 10% shitcoins to take profits on.

BatmanBinBatman

holding in mtgox, staking on gemini, using BTC-E, and LUNA

Criss_Crossx

Using Voyager, buying LUNA. Anyone who remembers the LUNA saga knows it was over $100 at one point making decent money before tanking HARD. I even attempted to throw another $20 here and there on the way down (catching a falling knife), no luck. Also, mining has not been the 'mine and hodl' win that was fabled years ago. It works for some, especially as they sell. At the very least ETH has stabilized compared to other mined coins dumping hard at some point.

Stunning_Ad_6600

Why do you think USDT wouldn’t recover if it depegged? Do you think if it did it would bring the whole market down with it like LUNA?

sigh_duck

It already has significantly different characteristics with an early ETF pump and some pre halving shenanigans. Plus we have more politically influenced price action and potentially less to stall momentum (no FTX, LUNA TERRA). That said, really know one knows but we do have data to show that BTC supply on exchanges is trending lower, ETF's are buying a tonne of BTC and ETH, and BTC hashrate is increasing. That kinda lends well to the idea that the price action should be to the upside over the next 6-12 months but we also don't have any ability to forecast if the bear market will be as harsh for BTC. Saylor thinks we'll see 40K+ drawdowns but for BTC, that seems low as a %.

Anishinabeg

Finally recouped my biggest 2022 loss yesterday (AVA - Travala) and sold it. Invested the money into ETH, XYO and CRO. XYO is weird. It tanked near the end of the bull market, but has been weirdly buzzy lately. I figured I'll drop some money in after the dip and hope for another big jump day, then sell it and drop the proceeds into BTC/ETH. I need to buy a little bit of LUNA soon to pull the staked "refund" that was given to old holders from the scam that really started the end of the bull run, but the idea of giving any more money to Do Kwong, even if it's just to get my own (minuscule amount) of money out of his network makes me kinda sick.

2_bars_of_wifi

Celsius, LUNA, FTX though, some got properly rekt