Luna just changed "ownership"

[369]

As everyone know there was the so called attack on luna.
As i mentioned months before luna should be an eye kept on since they plan to offer stablecoins based on SDR's from IMF.

So now they inflated the supply from 350 million to 122 billion (mass adoption ?) and selling it for way under a cent making each old holder instantly rekkt.
Also leveraging/margin/futures is going to be disabled from tomorrow for luna.
I'm pretty sure institutions have bought up everything and will distribute it once the SDR's will be implemented into the monetary system.

So much about wealth security.

Or does anyone belive that Luna is selling each 1 billion Lunas for 1 million dollar (supply till last week total 350 million) to regain UST pegg for 1.2 billion USD 😀 😀 😀

update 250 billion
selling now 1 billion tokens for $300k

Last edited: May 13, 2022

 

[369]

UPDATE 2 final supply 7 trillion......

institutions are now on board price quickly raising last opportunity to join cheaply even it already went 3000% up

 

[JohnLocke]

Could advice what the token is called exactly ? I searched for Luna and up comes TERRA ?
https://coinmarketcap.com/currencies/terra-luna/
Sorry, but I'm not that good at crypto.

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[Mercury]

Following your comment, I've bought about 6M Luna for $200. Any price prediction @369? 😉

 

[clemens]

And you all believe in Luna / Terra ?

James Spader said:
Could advice what the token is called exactly ? I searched for Luna and up comes TERRA ?
https://coinmarketcap.com/currencies/terra-luna/
Sorry, but I'm not that good at crypto.
Click to expand...

true the coin people talk about.

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[JohnLocke]

clemens said:
And you all believe in Luna / Terra ?

true the coin people talk about.
Click to expand...

you were wrong
https://coinmarketcap.com/currencies/terrausd/
https://www.cnbc.com/2022/05/12/cry...most-worthless-after-ust-falls-below-peg.html

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[khinkali]

Some folk got in at just above 0.0000010. I regret waiting until 0.0000104 but new it looks an interesting risky bet for some money that you absolutely don't need.

Note that it's rising steadily on Bittrex.com and is approximately 0.0090000 already. That's 69100% higher than the current 0.0000130 price on FTX.

You get some interesting dynamics when the blockchain is offline!

 

[JohnnyDoe]

Be careful, the same happens with penny stocks. You can make a 10,000% gain in 5 minutes and after 5 seconds you have lost everything

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[khinkali]

JohnnyDoe said:
You can make a 10,000% gain in 5 minutes and after 5 seconds you have lost everything
Click to expand...

It's just risk management. If someone offered you to roll a die, 1/6 chance of 10,000% gain and 5/6 chance of losing your stake, what proportion of your wealth would you bet?

https://en.wikipedia.org/wiki/Kelly_criterion

 

[JohnnyDoe]

khinkali said:
It's just risk management. If someone offered you to roll a die, 1/6 chance of 10,000% gain and 5/6 chance of losing your stake, what proportion of your wealth would you bet?

https://en.wikipedia.org/wiki/Kelly_criterion
Click to expand...

Correct, but let's call this gambling, not investing 😉

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[khinkali]

@JohnnyDoe what is the difference between investing and gambling? Even insurance and gambling? The maths should be the same, if you're doing it right.

 

[Martin Everson]

Lol at Terra.

https://twitter.com/x/status/1524935730308456448

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[JohnnyDoe]

khinkali said:
@JohnnyDoe what is the difference between investing and gambling? Even insurance and gambling? The maths should be the same, if you're doing it right.
Click to expand...

It's a fine line”¦

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[010cents]

Terra Labs is it's parent. Luna is the token. UST is the stablecoin.


GAM Investments might invest 3 billion USD to absorb USTs selloff, let's not forget that LFG also sent 37,000 BTC to MMs and they still haven't used that clip.

 

[JohnnyDoe]

Martin Everson said:
Lol at Terra.

https://twitter.com/x/status/1524935730308456448
Click to expand...

Not a bad move. There might really be a rescue

010cents said:
Terra Labs is it's parent. Luna is the token. UST is the stablecoin.


GAM Investments might invest 3 billion USD to absorb USTs selloff, let's not forget that LFG also sent 37,000 BTC to MMs and they still haven't used that clip.
Click to expand...

It is not a shitshow like USDN

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[khinkali]

Martin Everson said:
Lol at Terra.
Click to expand...

If you'd bought at the first opportunity after that announcement at about 02:30 this morning UTC and sold now, you'd be up the same as if you'd bought S&P500 29 years ago and sold today.

With crypto you can get decades of return in a few hours, or just lose it all. 🙂

010cents said:
LFG also sent 37,000 BTC to MMs
Click to expand...

There must be some explanation like this for the price on one exchange being 600x the price on another.

 

[010cents]

khinkali said:
If you'd bought at the first opportunity after that announcement at about 02:30 this morning UTC and sold now, you'd be up the same as if you'd bought S&P500 29 years ago and sold today.

With crypto you can get decades of return in a few hours, or just lose it all. 🙂



There must be some explanation like this for the price on one exchange being 600x the price on another.
Click to expand...

I'll probably make a post about how I made the best trade of my life exploiting that price difference at 2AM 🙄

 

[Martin Everson]

khinkali said:
With crypto you can get decades of return in a few hours, or just lose it all.
Click to expand...

Yup sounds about right.

So when the value of their stablecoin hits zero they simply switch off the network to come up with a plan....lol?

Last edited: May 13, 2022
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[369]

And here comes the premade deal

https://cryptopotato.com/swiss-asset-manager-gam-and-terra-negotiate-a-3-billion-bailout/
Any question why they minted 7 trillion lunas ?
Only issue many devs and community are revolting who got rekkt and demanding a fork from a snapshot

Now CZ gets a bit into trouble.People asking him how Binance sold Trillions of Lunas when the deposit was disabled and these token minted on demand 😀 😀 😀

https://www.gam.com/en/news-article...terraform-labs-to-support-the-luna-stablecoin

Last edited: May 13, 2022

 

[Martin Everson]

369 said:
https://www.gam.com/en/news-article...terraform-labs-to-support-the-luna-stablecoin
Click to expand...

Just goes to show how some people here are gullible enough to believe some unverified crypto news 🙄.

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