LUNA

biba8163

99.9% of the time when people start saying a project is dead, they are right and the project is dead or dying. Survivorship bias of a coin like SOL pulling out from $10 too $200 makes will fool bagholders with hopium into losing more money thinking they are geniuses for going against sentiment. > *"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/ > Don't confuse short term price action with long-term fundamentals. NANO works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/

Simke11

I expect something similar to LUNA & FTX, maybe on even bigger scale now that more money is involved.

SFWaleckz

Definitely a ticking time bomb, anyone remember LUNA and its 20% yield? saylor is offering 10% bonds. Same 💩

Every_Hunt_160

Clock is ticking to find the next LUNA/FTX/Celsius

sigstrikes

It would depeg and go to zero if it's not fixed See: UST/LUNA from last cycle Important to understand how each project is backed and associated risks

flytonewyork

This will get downvoted but you should actually start by thinking from first principles about the space at a deep level starting from the genesis of Bitcoin itself, the whitepaper and Satoshi lore, Bitcoin talk, early culture, the ideology behind decentralisation and the core principles underpinning everything. Read aantonopoulous, the Bitcoin standard. Form your own opinions and ideas because they are powerful and everything else like 99.9% is noise. Move onto Vitalik, his blogs, Bitcoin magazine, the lore around Ethereum and why smart contracts were invented and what fundamental affordances they add to the internet as we know it and decentralized financial systems more broadly. Learn about the DeFi period, uniswap, aave, maker, the core protocols running DeFi today that have weathered the ftx crash. Also the failures, ICO scams, LUNA/Terra, ohm+forks, DeFi ponzinomics. Finally NFTs and tokenized memetics, doge and why they became a phenomenon. Finally if you digest all that try take a look into SPX6900 which I believe is at the forefront of all aforementioned trends. You can watch murads thesis and hopefully much more of it makes sense with these fundamentals down pat. Happy studying!

CaptainRelevant

At this moment, ETH because it’s a safe bet even if we get no alt season. If the bull run is over and we’re in a bear market (which I doubt), you’d get your money back and then some next bull run. If we do get an alt season and ETH pops, I’d look to start DCA’ing out of ETH and into XRP once ETH doubles. ETH rises at the beginning of alt season and XRP is usually among the last. Any others may be hot this bull run, but fade to obscurity by the next one. See EOS, MATIC, SKY, LUNA, NANO, and countless others.

skr_replicator

I am scared of USDT too, but it's nothing like LUNA, it's not a flawed shady algorithmic stablecoin system, but it's shady for entirely different reasons, like we don't trust their reserves.

joannew99

something "felt off" bc crypto-smart people were alerting everyone weeks before it happened. I successfully got 99% of my ETH off Celsius like 2-3 days before they froze withdrawals. I almost got f\*ked by the whitelist thing but luckily I had a few days to spare between Celsius, FTX, Voyager, and LUNA (went from like $90 to $0 in literally 2 days) that was the most brutal experience in crypto I ever had. There was also massive fear in DeFi.. BTC was already falling from its $69k ATH. But those CeFi failures and LUNA going to $0 made it exponentially worse and that's how BTC ended up below $20k just 2 years ago.

TexasBoyz-713

Bro LUNA basically has unlimited upside we’re all gonna be rich!!!!

WhompRat86

Pure luck with shitcoins so stick to the top 100, you still wanna be careful with those, an example would be LUNA.

TheLichSnailss

Personally, I thinks it's 2020 all over again. The market had to naturally recover from FTX, Celsius, Voyager & LUNA USD & any other catalyst that tanked the market. Had none of that happened who knows where we would be at.

bricarp

XRP isn't the worst crypto to be involved with. There's lots of comments saying XRP is a "shitcoin" but they are just trying to be edgelords. XRP is probably a more solid investiment than "Official Trump" or "Cum Rockets" or "Bananas for Scale". All crypto is volatile, even Bitcoin. Buttttt... **in general**, the higher a coin's market cap, the more stable it should be. At least in theory. XRP is 3rd in market cap behind BTC and ETH. There's exceptions to the rule (after all, LUNA was in the top 10 before crashing to zero), but your dad could do a lot worse than picking a coin that's 3rd in market cap. The edgelords who loudly shout that XRP is a total shitcoin are probably comparing XRP to other coins within the top 10 or top 20. Is Brock Purdy a good quarterback? Compared to Patrick Mahomes, Purdy is probably a "shit quarterback". Compared to most human beings though, Brock Purdy is a great quarterback. My 88-year-old grandmother is a sweet lady, but Purdy is definitely a wayyyy better quarterback than she is. Is XRP a good cryptocurrency to be invested in? XRP may or may not stack up to the test when compared to other elite-level ~~quarterbacks~~ cryptocurrencies, but it probably wins the comparison against most cryptocurrencies.

baIIern

LUNA and the stable coin just dumped to near zero. There wasn't any money in the first place, it's all just thin air

dlcx99

I’m down 50% from 2017 still… didn’t help that many alts I had bags in died in the ass (WTC, ONE, LUNA, QRDO). In hindsight holding just BTC and ETH was the best strategy.

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cohortq

They've been around since 2018, and been through 2 down cycles, including the LUNA/FTX crash. Other Crypto Lenders like, Galaxy (via Gemini Earn), Blockfi, Celsius, and SALT. Have either gone bankrupt or shut down their lending/interest business. Nexo has not, and has consistently offered their services. If you look at one of the biggest complaints during the downturns is that Nexo AUTOMATICALLY liquidated assets to cover the loans. People took the loans and lost their collateral during the downturn, as they should. They have a real business model with their crypto lending business. If they were a Ponzi they would have crumbled like a house of cards like Celsius or Blockfi in the face of an intense downturn market.

delastunicorn

2021 always remind me of LUNA and AXS.

sssssseeeeee

Are you talking about holding bitcoin or holding crypto? I guess I dont really consider btc to be peers with altcoins or "crypto". BTC has graduated into an asset class of its own, next to things like gold. If you are talking about holding altcoins, sure you can find a small handful of tokens that have beat btc over the last 5 years, but you can also win the lottery. I would be shocked if your crypto investment portfolio has beat btc returns on any time period longer than 2 years. If you only bought Solana 5 years ago as 100% of your portfolio, sure you've out performed btc, but the problems is 99% of people who've bought that shit, also bought things like LUNA that went to shit. One will go up forever, BTC, the others will eventually die whether its in 3 years or 30 years. BTC will go up for centuries to come. 10,000's years 2/3000 years hundreds of yrs: Long time: Bartering/Sea shells -> gold -> fiat -> bitcoin

Lukirsyi

tldr; Do Kwon, the founder of Terra, is expected to plead guilty in U.S. court on August 12 over fraud and other charges stemming from the $40 billion Terra ecosystem collapse. Context: Do Kwon, who co-founded Terraform Labs, oversaw the development of TerraUSD and LUNA, two digital assets whose crash in 2022 triggered massive investor losses and broader market contagion. Main facts: Kwon faces nine felony counts, including securities fraud, market manipulation, and money laundering. He was extradited from Montenegro to the U.S. in December 2024 after nearly a year in custody for falsifying documents. After maintaining a not guilty plea until now, court documents and media indicate he is poised to reverse course and plead guilty at a court conference scheduled for August 12, 2025. This guilty plea is likely to preempt a high-profile trial set for January 2026 and could influence related civil and regulatory actions against him. Outcome: U.S. authorities are signaling that prosecution will proceed despite broader DOJ guidance to avoid excessive crypto enforcement. Details of any plea deal remain undisclosed. Next steps: Kwon is expected to give an in-court statement acknowledging his role; sentencing and potential ramifications for the broader industry, as well as for affected investors, will follow in subsequent legal proceedings.

ElPeroTonteria

Yup... I bought JUNO, I pooled with LUNA, bags upon bags. I gave in 2-2.5 yrs ago, id not lost everything, but taken heavy losses. started to focus on BTC at around 18-19k everything I had locked up in Defi etc unlocked and I put that all in to BTC between 22-24k and every bt of extra cash since then has been in BTC. No more fucking around. I take this shit very seriously now.

MariachiArchery

Omg LUNA. About a month before that collapse I made several posts in both the Anchor sub and the Terra sub. Each post was like: "Uhhh this seems too good to be true, I can't wrap my head around this algorithm and that is a bad sign" Basically, this APY is beating everything, like, *everything*, there must be a catch here. The problem I was seeing, is that they were advertising zero risk. And I just couldn't believe. I made two posts in community subs, TLDR, my posts were basically: >So what's the catch? **My concern isn't APY relative to other DeFi products, its** ***risk*** **relative to other savings products.** They were advertising as a savings product, but offering better returns than things like liquidity pools, and staking, and it was all via a stable coin. It literally was too good to be true. The top comment? >I would be more worried if USDT will still be around in ten years. A few weeks later, Luna, FTX, and the whole market imploded and my mom was calling me asking if my 'cryptos' were OK, asking if *I* was OK, and who this Sam guy was. Fucking wild ride man.

jawni

>Can you guess what those two coins are? ONE and LUNA(now LUNC)?

Scottex99

Nice post. I did all of them + LUNA, lol. When are you planning to rotate out this cycle? And what speculative plays have you got?

OldPyjama

Haven't really visited this community again since this bull market started. So what's the Shillcoin of the Cycle^(TM) now? In 2017 is was "revolutionary" shit ARK, XML, EOS, NEM and IOTA, all of which sank to irrelevance. In 2021 it was ROSE, CRO, LRC, LTO, DOT and LUNA (lol), most of which sank to irrelevance too. Which soon-to-be-dead coins are the hype now?

aaybma

Congrats! I was fortunate enough to sell of LUNA only a few days before it crashed for a nice profit, so you win some, you lose some.

deemak90

Thankfully I've got my LUNA.

TheCornReport

Hell ya I went all in back in 23. I’d held through the Dog-coins ordeal. I had some lessons I needed to learn with DeFi and Alts, got a good schooling with LUNA… shifted it all into BTC and pushed everything I can afford since I to my stack… I’m just a regular guy, and even at $1,000,000 I still won’t have $FU… but I have time in this market, and I think I’ll be able to grow my sats by then

deemak90

Had my seed words tattooed on my 23 children and the 24th on my chest. Once they are of age they may use 23andme to find eachother to access my all of my LUNA.

_that_random_dude_

Am I misremembering or wasn’t this sub crazy about LUNA like 4 years ago?

whataboutbenson

LUNA. Luckily just £50 for fun though.

A_Birde

To be honest there were so many top signals with LUNA actually incredible

Julie_Durgin-8704

This the guy with the LUNA tattoo?

Django_McFly

Not getting into it earlier. I actually read about this stuff in like 2010. I used to sell stuff online as a kid and you're basically banned from anything but receiving a physical check or cash, neither are internet friendly. I thought it would be good for that and that it'd be "nerd money" to pay for server time or buy skins in games and other internet specific things. The sites I found talked about it as a payment system, not an investment. That's kinda it though. Most of my crypto moves worked out or the wins outweighed the losses. I was actually in a lot of things that ended up imploding (Celsius, LUNA/UST, Ftx.us) but I always exited early and didn't get stung.

Dragodzilla69

OP we are all happy you have all your things covered with house paid off and cars paid off being able to save 48 grand a year. That gives you more scope for risky times. But what crypto has taught us also throughout the years that nothing is certain: Remember Solana crash? FTX collapse? LUNA going to -0 price? You are talking as if nothing ever goes wrong… only the prices growing, everybody smiling and the sun is shining…

HerbysBreadLoaf

Sold 3 BTC for $900 each ... and TERRA FUCKING LUNA ... fucking do kwon

Olskoolah

Nobody cares while they’re making money. LUNA skeptics were scorned and laughed at too… until they weren’t.

Cryptocaller

Raoul Pal also suggested that you invest in LUNA, and lend your BTC to Celsius… Not exactly the type of degen advice that anyone should be listening to.

kipha01

If you are against it... BTC is near double its previous $ATH and if they buy back lower than their sell price where is the harm in it? It's not like they are selling it at $13-14k which it hit 2 years ago due to the Ukraine war, FTX and LUNA debacles, only then could you compare. Unless of course you think with mega corps and countries buying BTC now at it's highest will mean it will never drop like 50% ever again?

kipha01

BTC is near double its previous $ATH and if they buy back lower than their sell price where is the harm in it? It's not like they are selling it at $13-14k which it hit 2 years ago due to the Ukraine war, FTX and LUNA debacles, only then could you compare. Unless of course you think with mega corps and countries buying BTC now at it's highest will mean it will never drop like 50% ever again?

oopssomething

And 69k volume on Kraken that's like twice the volume of LUNA2

KeySpecialist9139

Copy/paste of what I wrote in another sub. There will be an explosion all right: of Americans' 401k. Or should we call it implosion? 🤣 We have seen the playbook: Crypto pumps (FOMO kicks in, financial advisors push "diversification"). Retail piles in (401ks, IRAs, pensions). A black swan hits (pick your poison, my bet is quantum threat). Massive wealth destruction ensue, but the grifters ahad lready cashed out. No Historical Precedent whatsoever. Just 2000 Dot-com bubble (401k loaded with tech stocks wiped out), 2008 Housing crash (retirement funds held mortgage garbage), 2022 Crypto Winter (LUNA, FTX, Celsius destroyed billions). Nothing to see here, move along.

Mysterious_Ad_4658

Seriously how is LUNA still getting onto this list

GentlemenHODL

>What's funny is If these stablecoins crash—like TerraUSD did in 2022—you’re left with worthless digital coins TerraUSD crashed because there was a economic vulnerability in the code in how it was loaned/redeemed + a 20% yield scenario because it was a 2 coin system (1 stablecoin 1 crypto coin). These circumstances do not exist in the current stablecoins and the legislation even prevents the issuer of the stablecoins to generate yield, preventing this exact same catastrophe from happening. >We confirm that the internal spillover effect for the returns and volatility of both LUNA and UST increased during the crash, which means that the crash was due to the systematic risk of the project and not the market situation. https://www.sciencedirect.com/science/article/abs/pii/S1544612322007668 90% of your post is editorialization ranting fyi, it sucks. And you don't understand how these systems work so why should anyone care about your thoughts? It comes across as NWO/illuminati conspiracy nonsense

Phrontifugist

This is likely not a bill the crypto industry wants. **Regulated banks and financial institutions** are the winners in this bill. Why? Banks can issue stablecoins through subsidiaries, leveraging trust and compliance infrastructure. They already have strong regulatory experience and capital reserves. Banks can enter the stablecoin market legally and gain market share with minimal disruption. Also **large fintech and payment companies** like PayPal, Circle (USDC), and Paxos benefit because they already operate under strong compliance programs. USDC and PayPal USD are designed for 1:1 reserves — aligning with the bill’s requirements. **OCC and federal regulators** gain authority to regulate and approve nonbank issuers, creating a centralized licensing power center, while i**nstitutional investors & corporations** have a clear legal framework to use regulated stablecoins in settlements and corporate treasury management. Who doesn't benefit? **Small startups and independent issuers** because the high compliance burden (reserve audits, monthly disclosures, OCC supervision) makes small issuers uncompetitive. It makes it harder for innovators to experiment without massive capital or regulatory budgets. **Unregulated or offshore stablecoin issuers** such as Tether (USDT) face a credibility challenge in U.S. markets unless they apply for approval. It could lead to U.S. exchanges delisting noncompliant stablecoins. The bill effectively bans algorithmic / endogenously collateralized stablecoins for payments use, since they must be fully backed by fiat-like reserves. Projects like **Terra/LUNA-style** systems cannot operate as legal payment stablecoins in the U.S.

KeySpecialist9139

There will be an explosion all right: of Americans' 401k. Or should we call it implosion? 🤣 We have seen the playbook: Crypto pumps (FOMO kicks in, financial advisors push "diversification"). Retail piles in (401ks, IRAs, pensions). A black swan hits (pick your poison, my bet is quantum threat). Massive wealth destruction ensue, but the grifters ahad lready cashed out. No Historical Precedent whatsoever. Just 2000 Dot-com bubble (401k loaded with tech stocks wiped out), 2008 Housing crash (retirement funds held mortgage garbage), 2022 Crypto Winter (LUNA, FTX, Celsius destroyed billions). Nothing to see here, move along.

simmol

Remember, when the shitcoins of all shitcoins pump (think FTT, LUNA, BCH), then the little altseason is over.

jawni

Forgotten L2's like like BLAST, LRC, METIS. L1's like RVN, WAVES, NEO, ZIL. But even dead and dying coins have pumps. FTT has pumped long after FTX imploded, same with LUNA.

Apprehensive_Risk235

Hey man.. i rode this out right along side ya.. i locked up my BTC and ETH from the DOGE days in BlockFi. Pulled it 2 weeks ahead of that mess...Only to loose all my ETH holdings -swapped for ATOM and pooled in LUNA- Held through the winter, bought the dip, and the dips dips, snt then the 20s... I cant hate on ya... I do think the landscape changed tho...( [shameless self promotion](https://thecornreport.com/bitcoin-this-isnt-a-bubble-its-a-transition/) ) which is why Im not buying my truck and instead did that website...Regardless. Its hard to pull profits, especially so if youve been here through all the falls and then months of sideways bleeding...

kipha01

Only if a similar combination of fuck wittery occurs, LUNA, FTX, Ukraine.

Apprehensive_Risk235

I got out of BlockFi 2 weeks b4 they shit the bed… just to start LPing in LUNA lololol…

Blooberino

First heard of it on 4chan when people were posting their public addresses and testing out sending dozens/hundreds of BTC back and forth to test it out. The miner sounded like a shady download, and since it was 4chan, I assumed it was a virus for the lulz. Then I head about silk road. Tried it out. Satisfied customer. Completely lost the wallet I used. Didn't care about BTC or even consider it as having price potential. Small investing in 2017. Got the usuals over the following years... ALGO, XNO, VET, XLM, ZEN, WAVES, ZRX, QTUM, LUNA.... Real investing began in 2021. If only I had just bought BTC instead of all the shitcoins. I would probably be set.

PlanetRekt

LUNA was not bitcoin and MSTR is bitcoin

Every_Hunt_160

People who think MSTR are too big to go bust reminds me of Do Kwon back in the day LUNA was a number 5 crypto by market cap back in the day and Terra Foundation had a top 10 ‘Bitcoin reserve’ in the market right before it went straight to zero lol

biba8163

In crypto, there is Smart Money and Dumb Money. **Smart Money** 1. Buy BTC 2. Chill 3. Profit **Dumb Money** 1. Read Whitepapers spending countless hours researching the best tech projects 2. Read about "DeFi" protocols (Not Finance in any way, essentially shitcoin casinos) 3. Research which platforms have locked the most TVL (scamified metrics based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.) 4. Research Hocus Pocus Oracles (magical oracles that will have Data Containers containing a Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World like what is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token LOL sounds really good if your are gullible) 5. Research Web3.333 (Vaporware Decentralized *"Web"*) 6. Research Interoperability (All the scam chains need to be able to communicate with each other riiiight?) 7. Lose Money *Dumb Money doesn't really understand why things go up and start believing it was because of the tech.* **Kaspa** (August 2024) > The reality is that if you have: > - A tightly controlled supply > - Limited availability and liquidity on big exchanges > - A narrative the crypto world likes > You can have relatively new and small marketcap coins that can continue to pump until they reach big marketcaps that are not supported by liquidity. This is exactly why you have all these new meme coins that have pumped. This exactly why you saw a coin like Nano pump to $36 in 2018 when it wasn't available on big exchanges. > At some point reality will hit. I am not saying that Kaspa can't go much further. **I am saying that at some point it'll be time to pay the piper because Kaspa hasn't pumped based on usage, adoption or utility but rather on narrative, lack of liquidity and a tightly controlled supply.** https://np.reddit.com/r/CryptoCurrency/comments/1f4hg0v/daily_crypto_discussion_august_30_2024_gmt0/lkp24b0/ **NANO** (June 2019) > 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/ **ETH** (February 2025) > 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/

DryGeneral990

Everyone thought it would go to zero like LUNA

babblefish111

Buying LUNA and UST. UST in anchor protocol would be a good place to keep my spare crypto as it was a stablecoin and wouldn't fluctuate in value. I thought. (Seems such a long time ago now)

First-Structure-2407

Not cashing out on $LUNA and buying shit counts instead of $BTC

bogeypro

Hot Tip LUNA, gonna be huge /s \*Not financial advice\*

writing_all_day

Yeah, and they probably won't peak again until 2027. In EOY 2017/early 2018, Ethereum ICOs were the notable alt run killers, with a side of Bitconnect and OneCoin pulling billions out of the market. In 2021, it was unsustainable yield farming, the FTX failure, and LUNA. In 2024/early 2025, it was meme mania, Hayden Davis-powered rugs, trade wars, and actual wars.

BigMassivePervert

Fidelity has wallet transfers? I didn’t even know they offered crypto. I’m blown away at the progress of crypto. It wasn’t too long ago I was long LUNA.

Illustrious-Boss9356

Because alts are ponzis. They make their founders rich. Look at Vitalik, Hoskinson, Justin Sun, I could go on... (and btw those are the "good" altcoin projects) don't get me started on tokens like LINK, LUNA, Sushi Swap (remember that? Be your own DeFi Chef?), Dogecoin, etc. Who does Bitcoin enrich? THE COMMUNITY. You guys missed th point because of greed.

noviwu97

LUNA is just one of the factor. The primary reason most people avoid alts is how VCs and Devs kept dumping on them throughout the 2022/2023 bear market (because of the unlock) and without showing any progression.

bottatoman

Ripping you off. If you want a stable that actually has utility go with the algorithmic ones like the HBD backed by HIVE which has a haircut ruoe preventing what happened to that trash of LUNA.

josephkelley7926

Ever hear of LUNA? The dollar is a little worse than that

GreedVault

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.

Harucifer

Yes, as we can infer from the TERRA/LUNA fiasco. Very safe.

Miljenko-i-Manjina

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.

sigstrikes

the man who famously talked about how LUNA/UST was 'risk free'

bottatoman

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.

Scottex99

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

ZookeepergameOk8767

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."

CortaCircuit

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... 

biba8163

> 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

Skyobliwind

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...

Swimming_Copy3485

This sub also loved LUNA way back when.

piggleii

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.

Fear_Blind83

Bullish on FTT, LUNA & Safemoon 🤪😂

biba8163

> 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/

Elibroftw

At one point TERA and LUNA had the "biggest community"

Historical-Outside-1

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.

CryptoAd007

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.

GreedVault

Good old times. I wonder how the guy who got "LUNA" tattooed on his arm is doing now...

GreenStretch

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.

TheWorldsStage

I loved LUNA. So glad I sold it all at $80 though lol

OneEntrepreneur3047

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.

biba8163

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/

biba8163

> 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/

biba8163

> *"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/

jonnytitanx

Until it isn't... eg, LUNA.

ScarredCerebrum

Hey, he's still lucky. Had he been a BitConnect or LUNA holder, he'd be requesting euthanasia instead.

kylehawk

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

biba8163

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/

Armed_Muppet

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

CryptoMemesLOL

Yes, I remember very well, that is when I bought some LUNA, FTX, CEL

Hungry-Class9806

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.

Every_Hunt_160

That is actually hilarious, returning BTC with Eth lol At least they didn't return it with LUNA or FTT tokens

OppositeBumblebee914

Clearly it’s LUNA /S

critiqueextension

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).)

biba8163

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/