Not a fun week in crypto land. I'm down 14000 from peak in April.
Cryptocurrency is freedom, Banking is slavery |OT|
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Thread: Cryptocurrency is freedom, Banking is slavery |OT|
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Not going to lie the salt from this crypto crash is pretty glorious. Sad so many people are talking about ending their life.
This is probably going to get worse before it gets better. The fact nft were selling for millions easily showed we were in a bubble. Stay strong bros and hopefully your portfolio is not all altcoins.
This is probably going to get worse before it gets better. The fact nft were selling for millions easily showed we were in a bubble. Stay strong bros and hopefully your portfolio is not all altcoins.
How are my Baby Doge doing...oh no...OH NO!
That's $50 I won't get back. I could have bought something nice with that.
That's $50 I won't get back. I could have bought something nice with that.
Fuck me looks like tether is next. If that is happening best pepper thy angus. Those waiting to buy Bitcoin, this will be your time. It's going to go lower as others try to cover.
What did you buy?dpad help
y'all convinced me to jump in a month ago
If it's not shitcoins just hold and I highly recommend buying bitcoin and Ethereum but try to time the bottom.
The crash of these stablecoins is something else. Probably worse than the dot com burst…. Still to early to tell. If Tether drops it will be the worst crypto crash in history.
I still stand buy my original predictions that Bitcoin easily breaks 100k but not for a while. Definitely before the next halving event… maybe sooner.
Patience. Imagine you'd bought the 20k top a few years back then you'd have been heavily underwater through the run to 6.5k. Now you're in profit, even during this dip. In short, chill, hold your coin, buy some dip, and wait patiently. We're in a bear market, it will go down, but the bear is not permanent. During the dip put a few hundred into some shitcoins since when shit pops again you'll get a nice stash, but mainly focus on building your btc stash.dpad help
y'all convinced me to jump in a month ago
It's hard for the ones that bought Luna near the top. I lost quite a bit as well. My $600 has been turned into $0.70. But for me, it's not that big a blow. I'm quite diversified.
More importantly... Believe it or not, despite this whole heavy crash, I still have multiple coins that are currently at over 40% profits, some even over 100%, the highest being over 1300% and the second highest 700%.
Maybe I should have sold more near the top, but meh. I'm doing ok.
More importantly... Believe it or not, despite this whole heavy crash, I still have multiple coins that are currently at over 40% profits, some even over 100%, the highest being over 1300% and the second highest 700%.
Maybe I should have sold more near the top, but meh. I'm doing ok.
I remember a couple of months ago when the crypto market was having some trouble, tether, USDC and a couple of others broke their peg for a few days. USDC and USDT are basically backed by safe assets, being bonds and cash. They shouldn't break too far off their peg. Luna though, I don't know why that was flying all over the place.
Correct. USDC is definitely reliable. USDT is a bit more iffy, because they aren't as open about their funds. There were rumors that they were also backed by weird assets like China's Evergrande.
Both can lock out specific addresses though... This is why algorithmic stable coins are important. Too bad that this happened to UST.
DAI is still alive though, but for some reason, not that popular. Although it was remarkable that MKR (the makers of DAI) had a large pump while UST and Luna were crashing, although this has already been undone.
There are more stablecoins on other platforms, but none like Terra, which was becoming the primary one on multiple chains. Solana has a few interesting projects for algorithmic stable coins, but they are still limited to Solana only. I hope UST recovers. If Terra/LUNA dies, it will be a huge blow for crypto in general.
Yeah you'll be fine with that. Probably higher doge exposure than I'd choose but nothing there that won't make a profit in a few years provided you have the patience to wait it out. Decent chance you'll have 20k sitting there in a few years.
I just aped into Luna. I bought 6000 LUNA at 0.014 cents. It's still dropping, but meh. I'm ok with losing that amount of money. But if it rebounds, and if it ever reaches ATH again.... The gains will be substantial. I doubt that it will, but the risk/reward is too good to not bite.
It wouldn't be the first example. I remember a coin getting hit with a 51% attack a while back and getting completely destroyed and then back to normal. It's a funny thing.
cryptoadam
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I am thinking about buying some Luna, was gonna buy in at 1$ last night, lucky I didn't LOL.
Gonna check if I have some spare change lying around and see if I can pick up a few Lunas.
EDIT: LOL alright I got 1700 LUNA's.
Welp if it ever goes back up I am sitting pretty good. If it falls that was like 20 bucks or something LOL.
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Nada
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After seeing these posts decided to dip back into luna. Can't believe how many you can get now for 10 usdt
Total punt but stranger things have happened in this game, it only has to get back to a couple of dollars sometime in next few months / years and it will still be a decent profit.
And well imagine if it makes a new ATH. Lambo time lads
Total punt but stranger things have happened in this game, it only has to get back to a couple of dollars sometime in next few months / years and it will still be a decent profit.
And well imagine if it makes a new ATH. Lambo time lads
cryptoadam
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LOL did I just get screwed ?
I bought my coins on Binance like 20 minutes ago LOL. Now if they delist it then they are gone I guess?
Nada
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cryptoadam
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Man I hope it recovers and goes back to 100$ but its probably dead LOL.It's going back up at min, ive made 3 quid already
cryptoadam
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Nada
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I should have gone all in on Luna, my tenner punt is now worth 26usdt. To the moon 
It's perpetual futures. Not Spot.
My $84 had doubled btw
. And is now sitting at a small profit around $100. This market is hilarious.
cryptoadam
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I should have gone all in on Luna, my tenner punt is now worth 26usdt. To the moon
Shit I put in 30 CAD let me check what its worth now.
1. Because it has high throughput for transactions already and it wouldn't be harder to increase the transaction capacity.
2. It has inflation built in and unlimited supply. More coins are minted every year with inflation starting at greater than 4% but it eventually evens out to a little under 2% inflation every year. Hard cap on inflation means we cannot print more during a rough year. It will also make the currency sustainable over the long run incase some asshole wants to burn a bunch of coins.
3. Number 2 makes it a viable option for a world currency while keeping price relatively low. This will cause people not to hoard it and more willing to spend on everyday transactions.
4. Low cost of entry means it would be easier to get others to adopt it.
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Nada
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Had some sell orders set for luna before i went to bed. Woke up to find one had been fulfilled so got my initial outlay back but looks like Binance has delisted Luna and it's now basically worthless.
Oh well half the fun is being part of this crazy club and as long as we're not putting our life's savings on the line we are all good.
Oh well half the fun is being part of this crazy club and as long as we're not putting our life's savings on the line we are all good.
A lot more countries are adopting bit coin. Also many retirement funds are letting it be a viable option.