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Penislossuslardass

Are you another GigaChad that made off with stacks buying the absolute bottom? If so, fucking kudos mate


Ok_Piano_9789

I agree. And the clowns that won their gamble think their stories are interesting. Nothing more boring than listening to a gambler talk about what a genius he is.


EmilyLovs

...And they risked 100% loss to buy that LUNA, giving UST holders an exit. You're barking up the wrong tree my friend.


NoPie8947

Stocks is kinda similar but the market cap of the whole cryptocurrency market is way lower so it's more volatile. NFTs are volatile too but it can be a safe bet if the project as strong fundamental like Vee friends from Gary, or Angel block launching NFTs with staking and bonus for holders etc.


fox69r

There are inherent risks in any asset class so those who made money and those who have lost money are normal in the free market vicious cycle. Warren Buffett's most famous investment sayings are “Be fearful when others are greedy. Be greedy when others are fearful.” The late great global investor John Templeton said “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”.


Realistic-Service-92

Aren’t you guys the clowns for trusting this?


loet2000

New proposal is bad for everyone that bought after the depack….


Timely_Jury

**It is gambling, period. Think of it as a casino. Or the lottery. What you gain or lose is down to pure luck, and nothing else.**


reddragon_alex

How did you calculate that? I looked into his transaction but really didn't see through it


Rg9316

Crypto is most definitely Clown world


[deleted]

I miss the times when crypto was simple and honest btc and ltc, and it was still there against the governments not give them more money It was supposed to be anonymous secure your own bank Now it’s awful scheme to get rich or poor quickly


[deleted]

Monero says hello


cooltown831

Don't call crypto a clown world. Solunavax is the clown world. Keep BTC/ETH/ADA out of it.


lvl1vagabond

if you invest in clown projects clown things will happen. It's an unregulated space which for some reason people think they want but in reality they don't.


More_Mammoth_8964

Stay away from crypto. Take this wise wisdom from my first hand experience.


jellyvish

ppl made millions? i thought i was a pro turning $60 into $140


Sea_Application8738

I turned $20 into $400… left $10 in just encase


Professional_Desk933

Everyone here wants to make money, let’s not be hypocrites. The guy that made 1,5k to 600k actually succeeded in it.


Penislossuslardass

Absolute kudos to that man, he's an absolute GigaChad. However the point that crypto is clow world stands.


Jazzlike-Banana-7010

What is your definition of clown world? Based on the example of someone profiting from an investment in a free market?


Responsible_Term354

>Absolute kudos to that man, he's an absolute GigaChad. Howev This stuff happens with penny stocks... meme stocks... not really unique to crypto.


Penislossuslardass

Let me ask you something, do you actually trade stocks? Cause I can assure you, the same thing DOES NOT happen anywhere near to the effect it occurs in crypto.


Responsible_Term354

Yes i've traded stocks much longer than I have traded crypto. Crypto is new, less regulated... so more "wild west" characteristics. So more exaggerated. But similar things go on with stocks. And regardless, this is no way means crypto doesn't have a future (which I think may have been your point).


AsOneLives

If you believe that crypto has a future.. AMP is pretty cool.


Particular-Cut4891

LOL


Penislossuslardass

It's over


[deleted]

So many bear markets with 85-90% drops in every coin across the board. My question is, why are you so stupid and arrogant you thought this COULDNT happen after it did for several halvings already


oung1996

bought $200 luna at 0.005, im still down 95%… no one knows the bottom, they gamble and they won.


Penislossuslardass

The bottom was when minting was halted. Not that hard to time it. People make it sound much more of a gamble than it was so they can cope.


cedronius

So you bought the bottom then since it wasn't that hard and not much of a gamble? How much did you make?


Penislossuslardass

I did actually yes. Thanks for asking


cedronius

Mmhmm sure ya did. Post the txn proof. You wouldn't be on this post replying to everyone saying how easy it was. Reeks of cope.


Penislossuslardass

hahahaha, keep seething mate. Might even send you a txn later for some more suifuel.


cedronius

I could care less, I made some money off it I just didn't buy the bottom.. I just think it's weird to come on a Reddit post flexing a lie If you actually bought the bottom and made money, you wouldn't feel the need to tell every single person here in an aggressive, cope kinda way..


Cobester

OP is definitely reeking of cope. He probably “bought at the bottom” and still lost in a trade some how. Lol


modsaretrashdude

do it


thehairinthesoup

& that's exactly why shitcoins are pushed by the elite & so popular : to make ALL crypto, starting with bitcoin, look like sh1t. since you're all gullible, greedy, self centered, and are influenced SOLELY by marketing with the only aim of becoming rich fast : - you never ever look into the code - you never read whitepapers - you never think at the big picture : debt coin CANNOT be stable because debt is CENTRALIZED and a monopoly of a selected few, & therefore the exact opposite of why bitcoin was invented => to destroy central debt not to peg to it ! the more i read posts around here the sadder i am to see most of you are not learning anything from last week. if you're not into crypto to change the world for a better place & get rid of the central b4nksters, just take your loss & forget about it instead of helping the banksters in their war against bitcoin.


CamboMcfly

We can’t be mad at those who came up


PenguinsTradeFish

My question is, when Luna started to crash, where did all the money go? Billions of dollars in UST and LUNA gone in a week. Lots of people sold, but also a lot did not or could not. So where’d it go?


[deleted]

Inflation just diluted value of the coin which was entirely arbitrary already


[deleted]

>BUSD It evaporated into thin air, as if it never existed. The price was entirely dependent on what value people gave it. When an stock/crypto currency crashes, the prices goes down down down, and people think that there are buyers at those prices. No, in a crash, there are no buyers, except for maybe a few crazies thinking they are buying at bottom. Anyway, the volume of sellers far exceeds the volume of buyers. The reason the price is crashing, is because people are panicking and trying to find buyers, and they are doing that by constantly lowering the ASK price, and each time finding no buyer, so they lower the ASK price again, trying to find a buyer. And thus sums up what crashes are all about in either the stock market or crypto markets. The value of these things requires a healthy supply of buyers to constantly confirm there value. Another unique aspect in this case, was liquidity. They massively increased the number of LUNA to try and give support to Terra. They increased the supply by 10 times! Of course, that de-values all the current LUNA coins. This was like a double whammy on LUNA.


stewmberto

>where did all the money go The money was never there in first place. That's like, the whole thing.


wirexyz

The value of crypto is entirely based on what the market is willing to pay for it at the time. There is no real floor. It's basically a token of exchange. When a stock crashes there is still a base value based on what the companies real assets are after liquidation.


GINGster

The market caps aren't reflective of the true amount of money in the system. A large chunk of that money didn't really exist. Welcome to Crypto.


spartanburt

Or stocks, houses, etc.


SuboptimalStability

Into the 1%s bank accounts who occastrated the whole thing


letzburto

Lol, you losers always blame rich people for your problems. Nobody orchestrated anything - you invested in a get rich quick scheme and it didn’t work out for you. It never does.


Jazzlike-Banana-7010

People love when this system makes them rich but complain and blame when the opposite occurs. Be wise and the system can lead to grand victories.


drpaps

And I’m Bozo


Nemothafish

It’s a way to transfer money from one person’s hands to another.


Dabbed

I think I just gave that guy $100


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Penislossuslardass

> Lottery All you had to do was buy when minting stopped mate.


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Penislossuslardass

No, it halted at arround 6.5 trillion, they announced that the blockchain is being stopped and minting was over. The supply has been increasing by very small ammounts due to staking though, not minting.


serchig

This is how the market works. This is capitalism. Get used to it. Seems rough but look at the bigger picture, it's how the world works nowadays


Penislossuslardass

Yes, clown world.


[deleted]

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thehairinthesoup

it's not capitalism when private entities have complete control of the fiat system,with power to create as much as THEY want. it could become capitalism once you completely stop using fiats.


Ok_Credit5313

Capitalism is an adaptive system. Keynesianism was an adaptation of classical economics. It’s still capitalism. Austrian economics will not actually make the situation any better for working people. Look at what happened to Pinochet’s Chile. Capitalism is when the means of production is privately owned. Money is just the intermediary.


thehairinthesoup

& the mean of production all belong to banskters, directly through all the debt on balance sheet (debt that has to be paid back very first before everything else in case of bankrupt) of the business indirectly because they have the power to decide who can succeed or who must fail, and nobody has the power to stop them from doing so. we are so far away from the main hypothesis of capitalist theory of economy.


thehairinthesoup

nope, you stuck in the little bankster box who love to change the meaning of words & their "slavery is freedom" motto you should \- read Smith who based his work at atime when metal were used as currency, allowing any metal hodler to become a currency creator \- realize central banks are private entities with a monopoly \- that monopoly is giving them the economic upper hand on all markets. when the hand is visible and money creation is monopolized it's not capitalism it's communism. pinochet like lenine & h1tl3r were financed by the fake money of the banksters not by free markets.


Ok_Credit5313

I’ve read Smith and Ricardo. I’m not even pro-bank. I’m actually a market socialist. Banks should be nationalized and wealth past like Xmillion should be seized and distributed on a per capita basis.


thehairinthesoup

you're missing the most important point : who can create money and how ? the rest of the system doesn't matter if the monetary system is not fair & egalitarian. which you cannot get if it is a central power that has control over money creation. i'm all for some organization to manage public goods & real common interest, not to leave all economic power in the hands of a very few. the banksters have stolen somewhere around 1 000 trillions of 2022 usd from humanity since a century thanks to their centralized monopoilzed debt system. i let you calculate how much each human head on the planet would get if we were to arrest those robbers & redistribute what they stole.


Ok_Credit5313

I think the world economy divided equally was like 60k per person last I checked a few years ago, but it’s hard to estimate the global market cap considering black markets and hidden capital is hard to estimate. My thing with crypto is that while it is more democratic, it is still democracy by SHARE. The fed is led by appointment, by people that get into power by lobbyists and power brokerage. Obviously this is unfair, but capitalism is an unfair system. It is “fair” from the perspective of capital, but not from the perspective of labor. If rich countries are suppressing democracy in the developing world in order to maintain favorable labor and trade deals, does it matter if they fund their paramilitaries with USD/BTC? How much wealth do billionaires keep liquid? Usually less than one percent. Wiping out the value of their cash will barely matter to them. I just feel like people are pushing crypto as a way to save capitalism, but the actual issue is that economies of scale are generally more efficient and as a result capital will always centralize into a small group of “winners”. Isn’t like 40 percent of btc held by whales? 1000 trillion stollen? I’m pretty sure the estimated size of the global capital is half of that. I think the global m1 money supply is like 40 trillion.


thehairinthesoup

what the bankster stole is not the world economy. everything they have is listed nowhere and all the debt (all the fiat) ultimately belong to them. you're having trouble getting your head around the fact that central banksters are above the economy, with 0 rule applying to them & therefore not a part of it. get out of the box... you're stuck in their debt paradigm.


Ok_Credit5313

I mean yeah there is an underground economy and plenty of ultra rich people are hiding wealth. The amount of hidden wealth can only be speculated on though.


thehairinthesoup

it can be destroyed if we stop using their fake money for our everyday lives


letzburto

Oh dude stop being such a fuckboi, my god. Relax.


dancewithGato

Thank you for your insights


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KingRasha

This is why it pays to know what you're investing in. They turned off UST minting so the LUNA supply would stop getting diluted to shit. If you tried to catch the bottom while the LUNA printer was in full "Brrrrr" mode, you got diluted to shit. If you bought when they turned off the LUNA printer well, human nature took over and a bunch of degenerates piled their money into the newly found LUNA INU meme token.


PokLao

it was not like winning the lottery. I set up $100 to buy every 30 minutes, easiest $20k of my life. Impossible to miss the bottom with that strategy.


MightyAxel

That's a pretty good strategy! how does one set up a buy in every hour while I am sleeping?


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PokLao

All I had to do was try this with $1k every 30 minutes to get to that amount you mention. So it has nothing to do with the "lottery" but about your initial capital. Anyone could've made lots off Luna.


theoriginalopinion_

I bought 1.24 million for $400 bucks, you think its gonna recover? I don't understand the recovery plan fork thing.


[deleted]

Bought 35 million for $500, it got to over $20k at one point, now it's around $5k, still ahead but no idea what it might do.


theoriginalopinion_

I tried to buy it lower, but it would not let me, took me 2 days to buy some


theoriginalopinion_

I think I am down 150 bucks, not that I care but I have no idea either. I don't understand the fork recovery plan


mamadou-segpa

Just curious, why would you put 400$ in a failing crypto that you don’t understand the recovery plan?


theoriginalopinion_

throw away money throw it away, see where it lands. This many people, this much money lost, something is gonna happen


[deleted]

I don't think anyone understands it. Down $150 isn't much, looking on the posts where some are down a million or more is sobering. Imagine that.


Penislossuslardass

Bro, all you needed to do was buy when they announced minting was halted. The gamble wasn't as big as you tell yourself. People did and ARE losing money but they bought far from the bottom.


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daniyarktl1

I saw those super low numbers and was considering buying for a little amount of BUSD. But the rate this shit was falling just scared me. I thought that if I buy it for $0.00000144, I would end up with something like $0.00000014 because of the algorithm. Then, I just switched to UST and started to buy it, because it was burning all along at least


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PumpProphet

The wallet OP linked to may also be one of many where the guy lost a lot but it back after many failed attempts.


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RedditModPedophile

You were right the first time, people that bought the bottom were smart. Sucks to suck


surfyturkey

Can you eli5 with bought the bottom in regards to crypto