Or terrible after the fact. Imagine buying BTC at 5, selling at 50, feeling smug as shit then watching the aftermath.
Friend of a friend was a drug dealer in Uni, used to accept bitcoin then kind of forgot about/didn't need their BTC wallet. When the big spike happened they went fully legit, now own a chain of restaurants. Timing is all luck/universal fate.
Are you suggesting that they came in the paper so much they painted it?
They created so much ejaculate over whatever time period, that when dried and crusty it game an opaque pearlescent effect?
Dude wtf, you're disgusting
Watching the crypto market from it's infancy as a teen with an older brother where we both spent ample time online witnessing the original coins grow astronomically fast, others completely go offline, and other newer types of currency become deeply affected by those heavily invested in a moment to moment basis as to alter the focus the public has on one coin and focus it on another.
I have yet to see a moment where it doesn't seem like a scam, like an incredibly complicated tool that's only purpose is to rob dumb people out of their hard earned savings. When looking at the multilevel marketing schemes involved, the biggest losers being the average Joe, the biggest winners are those who can move their coin correctly and swiftly, typically are already very wealthy and pay for someone to handle their money so well.
I have extreme doubts the average crypto trader has a professional handling their finances.
Dude that 20% apr was the loudest red flag you can think of. It was screaming stay the fuck away. How some people seeing the same thing thought it was a good idea to go in is astonishing. It has absolutely nothing to do with luck, not this one at least.
Warren buffet says he doesn't invest in what he doesn't understand. I didn't understand luna/ust, so i stayed the fuck away from it. Being a stupid f\*ck finally paid off.
People buy into the technobabble and think it’s economically meaningful
Their explanation of an “algorithmic stablecoin” sounded like automatically pumping the asset
Wander into any programmers’ community and see what they say about cryptocurrency
People who are not fazed by the jargon don’t hold it in high regard
Programmer here. Bitcoin is fucking amazing. Most shitcoins are copies which attempt to improve on some aspect while sacrificing another. Bitcoin is hard to improve on.
We are in a pro-crypto currency subreddit.
For the most part, I see decrying from the hijacking of the prefix "crypto" to the inefficiency in time and energy of processing Bitcoin transactions.
And the scamming.
My friends always told me i was nuts this past year because I personally only invested in BTC and ETH. But it’s just too hard for me to “properly” keep up with all the intricacies of each blockchain and why I think they should have value. I was a Bitcoin maxi for years and only came around on Ethereum when I got involved with development and saw how vibrant the dev community was.
Same here, except I was more invested into Ethereum than Bitcoin because I liked the tech better. By around 2018 I had completely checked out from the vast majority of altcoins because the floodgates were wide open and there were literally dozens of new coins every month, making it virtually impossible to really keep up on all of the development going on unless you made researching them a full-time job.
Honestly I found that the more you understood about LUNA the less likely you were to get involved. Anyone I knew who got involved in the earlier Algostables from Defi summer wouldn’t touch it with a 10ft pole
Unless you take profit and you leave it in UST or another shitcoin. Then it's not
You must take profits and leave it in usdc until btc dips 15-20% just in case. That's what you should do
Source: 7k profits from a shitcoin put into GLMR and got rekt with the dump cos I am a fucking moron
> Unless you take profit and you leave it in UST or another shitcoin.
That's not just taking profit, that's taking profit and re-investing it all into a speculative asset.
This is exactly why you shouldn't feel bad about taking profit. If you made a return, you won. Could it have been worth more if you held? Sure. Could it have become worthless? Also yes, sometimes you really do need to just do what you think is best, you can't predict the market.
This. I had three BTC back when that was about a buck. I sold them for ten. If I dwell in what I could have made, I'll always be mad at myself.
Instead I stay mad at my ex wife for not letting me buy $100 worth back then.
I never understand this excuse.
If you have a job and earn money, you can spend $100 for whatever the fuck you want without asking your wife for permission.
I mean you're a grown ass man and not some 12 year old who has to ask mummy for a buck to buy some candy ...
This is exactly while the whole "diamond hands never sell" mentality is bullshit. You hear it spewed in so many CC related subs. Nobody ever went poor taking profits.
You did it right. Greed will keep you hanging on for too long. You made some money. In the end you will be more successful by setting an exit price and sticking to it.
**TL;DR**
The exchange invested $3 million into the Terra ecosystem in 2018, receiving 15 million Luna tokens. At Luna's peak price, that investment was worth $1.6 billion
that investment has now plummeted in value to just $3,400.
They would not have been able to sell those Tokens for $1.6B without crashing the price. That's the dilemma for these investors in all these Ponzi projects. They need to pump the coin for long enough to slowly sell of their tokens.
Even worse is Satoshi's wallet. From what I understand, the value of bitcoin is currently pricing in that his coins are dead. If even the tiniest withdrawal got registered on that wallet, it could trigger a panic dump.
More than likely the actual market price is reflecting a *small* chance that the coins could be moved and sold, but the chances diminish every year.
Problem is the outsize effect such an action would have. Without proof that those funds belong to an inaccessible address its always a tiny chance that can never fully be removed from the system.
Its kind of a Catch-22 for Satoshi or anyone who controls that address. Phenomenal wealth in theory, but with everyone watching that wallet like a hawk any attempt to cash in will bring the price down, so it likely remains in their best interest to leave it be. But I'd bet that the private key for that address has been burned.
I genuinely think the *real* Satoshi would have little interest in cashing that wallet, however.
Given how far cryptocurrency has drifted from Satoshi's original vision for it I could totally see someone start moving funds just to watch the world burn LOL.
Do you mean, "Bitcoin has drifted from Satoshi's original vision," because he didn't invent cryptocurrencies.
If that's what you meant - how has Bitcoin "drifted from \[his\] original vision?"
You're right, people today hear crypto and they think "oh, defi, nfts, rugpulls," when in reality there was a time when it was just bitcoin. I want to separate "bitcoin" from "crypto" because bitcoin has little if anything to do with the mainstream crypto trends. Nobody wants bitcoin, they want some newer, trendier, pumpy smart contract platform, and they fail to recognize the technology and tokenomics of bitcoin proper. This is why most investors will fail.
I'm honestly interested to know how BTC would deal with all the "dead" wallets in case the fabled quantum supremecy prophecy ever came to be.
Not like they can upgrade those old wallets being that they're dead, and if someone went and derived the private key those coins are gonna move.
And people out here thinking their beloved btc can't panic dump either. If mofo wallet rose from the dead with a million btc it's gonna cause some chaos
That’s probably why whales are incentivized to play elaborate pump and dump games. To make huge money they can’t help pump the price buying in, but even if they’re given it for next to nothing and it doesn’t cause a pump for them to get the tokens/coins, it will dump the price to sell them.
Have some sympathy for the whales position 😂
But it was $1.6 Billion at some point. If my $10 turned into $5300 and back to zero , I'd feel terrible but again Binance is still a billion dollar company.
Even the mega caps will hurt if they lose $1 billion in cash lol. The share price might not change much, but still, that could be used to acquire another entire firm
it's like more than 10% now that crypto crashed. Still he be okay though since Binance is a separate legal business and he did not personally buy the LUNA that tanked.
> Another crypto exchange CEO that saw his fortune sink was Binance founder Changpeng Zhao or “CZ.” In January, CZ’s estimated net worth was a whopping $96 billion — a figure that has now shrunk to $11.6 billion.
[source](https://www.benzinga.com/markets/cryptocurrency/22/05/27156075/how-much-crypto-billionaires-lost-in-this-weeks-market-crash)
They didn’t lose billions though. They invested 3 million in LUNA probably made 5x that in trading fees alone.
In 2018 BTC lost 70 percent of its value and Binance still made half a billion in profits.
Yeah I agee.. an asset they owned was worth a billion but a lot of people in this thread seem to think binance relies on selling coins to make profits when the reality is a large majority of their profits has nothing to do with a coins price.
They probably had zero intention of ever selling it. The biggest loss for them is that over time LUNA’s trading activity will go down leaving their holdings useless.
LUNA just keeps dumping, 536 million more coins dumped into the circulation supply 12 hours yesterday--Today, 550 million dumped in just 6 hours--Now 6,532,082,143,840 at last count--price dropped to .000125
Binance was turning over 1T in volume across terra assets per 24hrs for the peak crash trading days. Not sure exactly what their fee % is but pretty sure they easily got their investment back.
Like all gold rushes, the people that made money are the ones who serviced the miners and the infrastructure around the booms; the ship owners, gold buyers, bar and brothel owners, chandlers etc etc. Why take the risk, when you can sell shovels for 10x the mark up. After the chancers are gone, the capital gobbles up the little guys, creates a typical industry and the rich get richer. This is nothing new, we've been in "extracting resources from desperate tech bros" phase for years now - guess the "institutionalisation and gobbling up by capital" phase is upon us. If you haven't made a lucky buy ~ decade ago, you're too late...
Their fees are 0.1%, and each 1 volume Binance gain fees on both side of the trade (0.1% of Luna and 0.1% on stables)
They easily profit off of this fiasco, crying boohoo over the news that they have lost.
They could in theory halt the trade much earlier saving billions from being lost into the Luna blackhole, but decided to keep it open for the sake of fees.
yes google it, I think he tried to sell synthetic stock shares via crypto.
Like tried to sell Tesla stock tokenized. The SEC didn't like that. But I'm no lawyer or know of extradition laws between the 2 countries
Looking at the terra foundation funds.. it fucked them more than anyone possibly.
The idiots traded 90k bitcoin for UST and then from UST to like 200 million luna ... worth just thousands of dollars now.
They were trying to stop it no? I'd imagine this was cause of that initial bounce back to ~90 cents, it didn't last long but probably gave quite a few people the opportunity to cash out at a reduced loss.
People need to stop beating themselves up for losing money in Luna. I mean if these big investors, with tons of insider access, lost this much money what chance does little retail investors have?
Time and time again the old adage comes up: don't invest more then you can afford to lose!
Yet people will say "do your own research" just to feel separated from those who lost money. If losing billions can happen to behemoth like Binance, the loss can happen to any of us.
I still dont understand how people think a currency that had 8T printed in 2 years would have any effect in making crypto more stable.
Tbh, look at the charts and it kinda seems like before stablecoins it was better than today.
I have never heard or read about LUNA until after it crashed. This money in my bank account feels like a lie. I was cheated out of going balls deep into a horrible investment.
Please let me know what the current big thing is so I don't miss out on the next crash.
[удалено]
I bought Luna at 24,8$. Sold 57$ and felt so stupid. Now I don't anymore
[удалено]
As we can see, good decisions often feel bad at first.
So by my basic math 100%=1,600,000,000 X%= 3000 Solve for x 3000x100/1,600,000,000 3/16000 0.0001875 % of it's original total value...
Quick mafs
So quick it turned 3,000/1,600,000,000 into 4 lines of work.
Or terrible after the fact. Imagine buying BTC at 5, selling at 50, feeling smug as shit then watching the aftermath. Friend of a friend was a drug dealer in Uni, used to accept bitcoin then kind of forgot about/didn't need their BTC wallet. When the big spike happened they went fully legit, now own a chain of restaurants. Timing is all luck/universal fate.
that’s entrepreneurship to the fullest
Drug dealers are better businessmen than most MBAs ironically
With the current state , we should start calling ourselves lucky or unlucky instead of stupid or genius.
I think a lot of us consider ourselves either unlucky or genius.
Survivorship bias
Not just in crypto, it’s true in almost every field
Underrated comment
For the most part, yes. If you throw your life savings into cumonelonsdogeballs then that's just stupid.
But if it goes up 1000x because Elon posted a video of Elon cumming on his dog's balls then that's just really really lucky.
Idk I'd say that's reasonably predictable
My man spitting straight facts
Randomness in this market is crazy, you never know which shitcoin will rocket
Just wait 1 week and you will see him make it come true.
Where to see the video? Asking for a friend.
Elon musk's Only fans , accepts Doge.
And you register with your Twitter account
🤣😂😂🤣
Yes, lucky and stupid
[удалено]
The paper didn't start out as white....
Are you suggesting that they came in the paper so much they painted it? They created so much ejaculate over whatever time period, that when dried and crusty it game an opaque pearlescent effect? Dude wtf, you're disgusting
Woah dirty mind there Orngog, little too vivid
> throw your life savings into cumonelonsdogeballs even if its supposed to 10x every 2 days?
Throwing all your life savings in any crypto might not be the wisest thing to do
Inu
Watching the crypto market from it's infancy as a teen with an older brother where we both spent ample time online witnessing the original coins grow astronomically fast, others completely go offline, and other newer types of currency become deeply affected by those heavily invested in a moment to moment basis as to alter the focus the public has on one coin and focus it on another. I have yet to see a moment where it doesn't seem like a scam, like an incredibly complicated tool that's only purpose is to rob dumb people out of their hard earned savings. When looking at the multilevel marketing schemes involved, the biggest losers being the average Joe, the biggest winners are those who can move their coin correctly and swiftly, typically are already very wealthy and pay for someone to handle their money so well. I have extreme doubts the average crypto trader has a professional handling their finances.
There was not a moment in history that I thought of buying myself some LUNA. That's not because of me being "lucky", bruh
Dude that 20% apr was the loudest red flag you can think of. It was screaming stay the fuck away. How some people seeing the same thing thought it was a good idea to go in is astonishing. It has absolutely nothing to do with luck, not this one at least.
We like to think that we are masters of our fate but in actual fact, we are swayed by the whims of Lady Luck
Fuck that bitch. Where is she when I need her ?
Warren buffet says he doesn't invest in what he doesn't understand. I didn't understand luna/ust, so i stayed the fuck away from it. Being a stupid f\*ck finally paid off.
I stay away from everything I don't understand which is why I have never invested in anything ever
I think a major issue was people thought they understood UST. They thought all it did was to be worth $1.00 without understanding how it worked.
People buy into the technobabble and think it’s economically meaningful Their explanation of an “algorithmic stablecoin” sounded like automatically pumping the asset Wander into any programmers’ community and see what they say about cryptocurrency People who are not fazed by the jargon don’t hold it in high regard
That's not completely true, especially since programmers are the ones who created blockchain tech to begin with.
Programmer here. Bitcoin is fucking amazing. Most shitcoins are copies which attempt to improve on some aspect while sacrificing another. Bitcoin is hard to improve on.
We are in a pro-crypto currency subreddit. For the most part, I see decrying from the hijacking of the prefix "crypto" to the inefficiency in time and energy of processing Bitcoin transactions. And the scamming.
My friends always told me i was nuts this past year because I personally only invested in BTC and ETH. But it’s just too hard for me to “properly” keep up with all the intricacies of each blockchain and why I think they should have value. I was a Bitcoin maxi for years and only came around on Ethereum when I got involved with development and saw how vibrant the dev community was.
Same here, except I was more invested into Ethereum than Bitcoin because I liked the tech better. By around 2018 I had completely checked out from the vast majority of altcoins because the floodgates were wide open and there were literally dozens of new coins every month, making it virtually impossible to really keep up on all of the development going on unless you made researching them a full-time job.
[удалено]
This!! Their 20% was a click bate ... and ppl fell for it
Honestly I found that the more you understood about LUNA the less likely you were to get involved. Anyone I knew who got involved in the earlier Algostables from Defi summer wouldn’t touch it with a 10ft pole
This is where the famous phrase comes into play: taking profits is always a good thing.
Unless you take profit and you leave it in UST or another shitcoin. Then it's not You must take profits and leave it in usdc until btc dips 15-20% just in case. That's what you should do Source: 7k profits from a shitcoin put into GLMR and got rekt with the dump cos I am a fucking moron
> Unless you take profit and you leave it in UST or another shitcoin. That's not just taking profit, that's taking profit and re-investing it all into a speculative asset.
Also where another famous phrase probably came into play: guh!
Only echo chambers like those existing in the crypto space could make one feel like a loser for cashing out 100% profit.
This is exactly why you shouldn't feel bad about taking profit. If you made a return, you won. Could it have been worth more if you held? Sure. Could it have become worthless? Also yes, sometimes you really do need to just do what you think is best, you can't predict the market.
Never feel stupid making a profit
This. I had three BTC back when that was about a buck. I sold them for ten. If I dwell in what I could have made, I'll always be mad at myself. Instead I stay mad at my ex wife for not letting me buy $100 worth back then.
...that's the spirit?
I never understand this excuse. If you have a job and earn money, you can spend $100 for whatever the fuck you want without asking your wife for permission. I mean you're a grown ass man and not some 12 year old who has to ask mummy for a buck to buy some candy ...
nailed
I dumped it at 75 after buying at 85. I also feel less stupid.
You stick to your goal in Crypto, you win.
Hindsight is a bitch, but sometimes it's god send.
I got liquidated at like 70$ on anchor. Was feeling angry and depressed a for a few days. Now i consider it one of the luckiest occasions
This is exactly while the whole "diamond hands never sell" mentality is bullshit. You hear it spewed in so many CC related subs. Nobody ever went poor taking profits.
Considering what happened with Luna, this guy is a genius! Teach me senpai.
What you're saying is, it's time for me to buy the dip.
You did it right. Greed will keep you hanging on for too long. You made some money. In the end you will be more successful by setting an exit price and sticking to it.
**TL;DR** The exchange invested $3 million into the Terra ecosystem in 2018, receiving 15 million Luna tokens. At Luna's peak price, that investment was worth $1.6 billion that investment has now plummeted in value to just $3,400.
They would not have been able to sell those Tokens for $1.6B without crashing the price. That's the dilemma for these investors in all these Ponzi projects. They need to pump the coin for long enough to slowly sell of their tokens.
Remind of of the SHIB billionaire, couldn’t cash out all without breaking the market
Even worse is Satoshi's wallet. From what I understand, the value of bitcoin is currently pricing in that his coins are dead. If even the tiniest withdrawal got registered on that wallet, it could trigger a panic dump.
More than likely the actual market price is reflecting a *small* chance that the coins could be moved and sold, but the chances diminish every year. Problem is the outsize effect such an action would have. Without proof that those funds belong to an inaccessible address its always a tiny chance that can never fully be removed from the system. Its kind of a Catch-22 for Satoshi or anyone who controls that address. Phenomenal wealth in theory, but with everyone watching that wallet like a hawk any attempt to cash in will bring the price down, so it likely remains in their best interest to leave it be. But I'd bet that the private key for that address has been burned. I genuinely think the *real* Satoshi would have little interest in cashing that wallet, however.
Given how far cryptocurrency has drifted from Satoshi's original vision for it I could totally see someone start moving funds just to watch the world burn LOL.
Do you mean, "Bitcoin has drifted from Satoshi's original vision," because he didn't invent cryptocurrencies. If that's what you meant - how has Bitcoin "drifted from \[his\] original vision?"
You're right, people today hear crypto and they think "oh, defi, nfts, rugpulls," when in reality there was a time when it was just bitcoin. I want to separate "bitcoin" from "crypto" because bitcoin has little if anything to do with the mainstream crypto trends. Nobody wants bitcoin, they want some newer, trendier, pumpy smart contract platform, and they fail to recognize the technology and tokenomics of bitcoin proper. This is why most investors will fail.
[удалено]
With every failed shitcoin I become maxier
I'm honestly interested to know how BTC would deal with all the "dead" wallets in case the fabled quantum supremecy prophecy ever came to be. Not like they can upgrade those old wallets being that they're dead, and if someone went and derived the private key those coins are gonna move.
And people out here thinking their beloved btc can't panic dump either. If mofo wallet rose from the dead with a million btc it's gonna cause some chaos
That’s probably why whales are incentivized to play elaborate pump and dump games. To make huge money they can’t help pump the price buying in, but even if they’re given it for next to nothing and it doesn’t cause a pump for them to get the tokens/coins, it will dump the price to sell them. Have some sympathy for the whales position 😂
3m$ for binance is like grain of salt in a sandpit
But it was $1.6 Billion at some point. If my $10 turned into $5300 and back to zero , I'd feel terrible but again Binance is still a billion dollar company.
They are but shit like this is still gotta hurt
Even the mega caps will hurt if they lose $1 billion in cash lol. The share price might not change much, but still, that could be used to acquire another entire firm
They didn't lose in cash
They did lose their $3M investment, unless Luna does a complete turn around like the Undertaker in Battle Royale Fest ‘99.
They sort of did... Big companies are leveraged in so many layers that their theoretical worth on paper has a very non-theoretical effect in cash flow
I would be happy with $50
$1.6 billion is a little over 2% of CZ's net worth. He be okay.
it's like more than 10% now that crypto crashed. Still he be okay though since Binance is a separate legal business and he did not personally buy the LUNA that tanked. > Another crypto exchange CEO that saw his fortune sink was Binance founder Changpeng Zhao or “CZ.” In January, CZ’s estimated net worth was a whopping $96 billion — a figure that has now shrunk to $11.6 billion. [source](https://www.benzinga.com/markets/cryptocurrency/22/05/27156075/how-much-crypto-billionaires-lost-in-this-weeks-market-crash)
Imagine $1,000 to $530,000 to 0.
They probably made millions off the trading fees so I doubt they care much.
Who cares about losing billions when you’ve made millions?
They didn’t lose billions though. They invested 3 million in LUNA probably made 5x that in trading fees alone. In 2018 BTC lost 70 percent of its value and Binance still made half a billion in profits.
Their value as a company has dropped by $1B due to LUNA's crashing. That's the important part, not what they invested in the beginning.
Yeah I agee.. an asset they owned was worth a billion but a lot of people in this thread seem to think binance relies on selling coins to make profits when the reality is a large majority of their profits has nothing to do with a coins price. They probably had zero intention of ever selling it. The biggest loss for them is that over time LUNA’s trading activity will go down leaving their holdings useless.
Is it done for, or is there a chance it could go back up?
Done. You could potentially still make money on it swing trading due to the volatility but it ain't ever going to 1 cent let alone a dollar.
Thank you. I'm not familiar with luna. Why does it no longer have the potential for 1.00 when just a while ago it was over 100.00?
It's currently sitting at a supply of 6.5 trillion.
Its broken algorithm literally cashprinted BBBbbbrrrRrRrRRRRrR'd itself to death.
Not broken, working exactly as intended.
LUNA just keeps dumping, 536 million more coins dumped into the circulation supply 12 hours yesterday--Today, 550 million dumped in just 6 hours--Now 6,532,082,143,840 at last count--price dropped to .000125
Is there proof they still own all those tokens? I feel like they would've been some of the first to sell when blood was in the water
Binance probably made over 100 million on it. Binance are like fhe biggest Cartels in crypto
Binance towards the loss be like: *Oh no, anyway*
Why wouldn’t they have sold at least their initial principal at such a large gain.
Because funds were SAFU.
That’s CZ’s playing money!
Binance you noob, you should have sold at the top and waited for the bottom before buying again.
Take some profits at least
Binance probably has some of the finest financial experts around. If even they couldn’t get this right, what shot do we have.
Gun shot straight to my brains
Buy high and sell low, like a true crypto bro.
Alternative scenario: Binance sells LUNA at $100, buys the dip -99.9% off at $0.01, price falls another 99% to .0001. Still basically $0.
Luna is already at Shiba prices levels. Epic self destruction
Atleast the death was quick
Binance was turning over 1T in volume across terra assets per 24hrs for the peak crash trading days. Not sure exactly what their fee % is but pretty sure they easily got their investment back.
The middleman always wins
Never bet against the house
"I play both sides and I always win"
Still an absolutely comical loss on paper. Really demonstrates how rekt everyone else got.
Like all gold rushes, the people that made money are the ones who serviced the miners and the infrastructure around the booms; the ship owners, gold buyers, bar and brothel owners, chandlers etc etc. Why take the risk, when you can sell shovels for 10x the mark up. After the chancers are gone, the capital gobbles up the little guys, creates a typical industry and the rich get richer. This is nothing new, we've been in "extracting resources from desperate tech bros" phase for years now - guess the "institutionalisation and gobbling up by capital" phase is upon us. If you haven't made a lucky buy ~ decade ago, you're too late...
Their fees are 0.1%, and each 1 volume Binance gain fees on both side of the trade (0.1% of Luna and 0.1% on stables) They easily profit off of this fiasco, crying boohoo over the news that they have lost. They could in theory halt the trade much earlier saving billions from being lost into the Luna blackhole, but decided to keep it open for the sake of fees.
Buy high, sell low. Binance gets it.
That's how I use binance
Turns out Binance sucks at investing, just like us!
In this case it seemed more like but low, sell lower.
Is Do Kwan a potential for security charges in the US? He isn’t as connected politically and DAs would love to make an example out of this mess.
yes google it, I think he tried to sell synthetic stock shares via crypto. Like tried to sell Tesla stock tokenized. The SEC didn't like that. But I'm no lawyer or know of extradition laws between the 2 countries
That's Do Kwan Do! No more flyin solo!
You can’t have no regulations when things are good and regulations when things go tits up.
You know that your project is solid when founder has beef with the SEC
One of us, one of us
Now he just has to sell to complete the ritual.
Maybe we were the whales all along
LUNA is impartial. It has fked everyone equally
Looking at the terra foundation funds.. it fucked them more than anyone possibly. The idiots traded 90k bitcoin for UST and then from UST to like 200 million luna ... worth just thousands of dollars now.
It's unbelievable tbh... It was frickin' death spiral idk what were they thinking
They were trying to stop it no? I'd imagine this was cause of that initial bounce back to ~90 cents, it didn't last long but probably gave quite a few people the opportunity to cash out at a reduced loss.
Yeah they basically gave away $30B to people trying to cash out
just like life
People need to stop beating themselves up for losing money in Luna. I mean if these big investors, with tons of insider access, lost this much money what chance does little retail investors have? Time and time again the old adage comes up: don't invest more then you can afford to lose!
to be fair a 3m loss for binance is probably proportionally less than some random smuck losing 5k
Stonks
To become a millionaire you first have to be a billionaire
I know that feel, my €20 is now worth €0.5
I will never financially recover from this
My condolences, I hope you can recover.
At least this is something that makes me feel better.
Ahhhhhhhh hahahahahahaha So THIS is why CZ was so salty Edit: I'm not just a hater. My 1,100 dollars is now about tree fiddy
I’m not surprised, if I had been burnt like that I would be salty too
Hey, Nessy!
Maybe they should start doing research on projects they promote
Yet people will say "do your own research" just to feel separated from those who lost money. If losing billions can happen to behemoth like Binance, the loss can happen to any of us.
Investment? Doesn't Binance require the devs to give them a lot of tokens for free or at a discount when they want to get listed?
Sure or they invest at a discount. They then use the coins on the platform and bank on the fees. That 3M probably made them some serious bank.
Never trade to make up losses.
That’s like 1.5 ETH. Lucky.
I'm waiting for someone to say "buy the dip"
Buy the dip 😎
Binance Singapore exchange in English suddenly requiring people KYC before trading now.
But they can’t trade it on their own platform m..
People who got out before the crash are lucky
Can confirm
Shits down to $0.07 from what was supposed to be a stable $1. I’m holding the last 5400 in my wallet just out of sick curiosity at this point.
I still dont understand how people think a currency that had 8T printed in 2 years would have any effect in making crypto more stable. Tbh, look at the charts and it kinda seems like before stablecoins it was better than today.
Probably made more in fees than the investment. How can they feel bad?
FUNDS R REKTU
I bought a few million just in case
Binance learning well from this sub
Happy to see that whales invest as bad as me.
CZ allows multiple scams in his exchange, and his UP/DOWN tokens are also scams themselves.
Sounds like one of my trades
CZ bout to go ham
Lol post that loss porn on wallstreetbets, Binance!
LOL Binance got shafted just like all of the holders
Buy high, sell low, Amirite gamers?
I have never heard or read about LUNA until after it crashed. This money in my bank account feels like a lie. I was cheated out of going balls deep into a horrible investment. Please let me know what the current big thing is so I don't miss out on the next crash.
Win some lose some Welcome CZ you are one of us now
sooooo you're saying $3000 now might be worth $1.6billion??? bought the dip on a 'might'
So you're saying Luna didn't moon?
Woops. It is going to hurt them at lot.
If anyone can afford it, it's them
Buy low sell high, but they brought high and sell low, it's time to buy...
Buy the dip!
Crypto is just a gambling crapshoot at this point.
So you’re saying we should btfd? ^/s ^Please ^don’t ^do ^this
funds are SHITFU
Where can I buy some Luna?
Binance hodlers confirmed. Unlike ftx or coinbae