Cryptocurrency mega-thread

[Bostonian]

**** leverage trading

 

[LongBombFromOutside50]

fu** leverage trading

Agreed, you don't want to be using any leverage in market conditions like this. That's one way to wipe out your account.

All you can do right now, in times of high volume selloffs, is absolutely nothing. Don't get fancy, don't use ANY leverage, and be content with what spot allocations you have decided to take on.

 

[LongBombFromOutside50]

Meanwhile, anyone remember Do Kwon's big public price bets for Luna?

 

[The Dice Man]

Meanwhile, anyone remember Do Kwon's big public price bets for Luna?

View attachment 1397645

DAMN!!! I bought some last night at $22

 

[MSB ROYS]

DAMN!!! I bought some last night at $22

Now USD 9.33!

 

[The Dice Man]

Now USD 9.33!

wen 0,05?

 

[BACCS]

Looking like a bad idea

Yeah didn’t do it haha, but I still expected a bounce before it dropped down to single digits again

 

[The Dice Man]

RIP Luna, you flew too close to the sun.

 

[dustysnecktattoo]

Yeah didn’t do it haha, but I still expected a bounce before it dropped down to single digits again

One of your posts about Luna was perfect warning that it wouldn’t bounce actually, a page back

 

[The Dice Man]

Bought some depegged UST around lunch time, up 25% already lol

Did you sell?

 

[Ghost Patrol]

Did you sell?

Yeah

 

[BACCS]

Even late shorts from last night would be well in profit with LUNA now, wtf is happening! This is just nuts

 

[Gigantic]

Rumours that Citadel is behind the depegging... and have been shorting all the way down.

Feel for those who used Anchor protocol to borrow against their Luna - know a few who have been liquidated.

 

[BACCS]

Rumours that Citadel is behind the depegging... and have been shorting all the way down.

Feel for those who used Anchor protocol to borrow against their Luna - know a few who have been liquidated.

This is pretty ****ed tbh, feels like big players are trying to wreck one person and don’t care about the collateral. It could honestly drop below a dollar today, I mean seriously wtf.

 

[The Dice Man]

Rumours that Citadel is behind the depegging... and have been shorting all the way down.

Feel for those who used Anchor protocol to borrow against their Luna - know a few who have been liquidated.

Yeah read about that yesterday, Do Kwon was so public that if you had the funds, you could do it.

I lost Luna being liquidated on Anc too.. At least I took profits at the highs so it doesnt hurt as much.

 

[Bostonian]

Rumours that Citadel is behind the depegging... and have been shorting all the way down.

Feel for those who used Anchor protocol to borrow against their Luna - know a few who have been liquidated.

Sounds like a Soros move.

 

[beez]

Sounds like a Soros move.

It wouldn't surprise me.

Let's look at everything over the last couple of years: governments control people with a virus, they loosen conditions so the rich can accumulate wealth and then they tighten as all the poor schmucks get burned. It's no coincidence that the Dems are in charge either.

 

[beez]

This is pretty f’ed tbh, feels like big players are trying to wreck one person and don’t care about the collateral. It could honestly drop below a dollar today, I mean seriously wtf.

It's a free market.

Isn't that what everyone in crypto wants? No government, no regulation, no third party interference?

 

[Bostonian]

It wouldn't surprise me.

Let's look at everything over the last couple of years: governments control people with a virus, they loosen conditions so the rich can accumulate wealth and then they tighten as all the poor schmucks get burned. It's no coincidence that the Dems are in charge either.

If Citadel is behind of that's a Ronald Reagan Republican behind it.

 

[Evolved1]

It's a free market.

Isn't that what everyone in crypto wants? No government, no regulation, no third party interference?

Some regulation is good. I'd be happy with regulation of exchanges and stablecoin creators to ensure they have sufficient funding. Other than that, I'd rather government stay out.

Rugpulls are part of the game. Without market manipulation, a lot of these shitcoins would never get off the ground.

 

[Evolved1]

I'm DCA'ing down on Luna with hope my $1 buy orders are filled. I haven't seen shit like this since bitconnect; and even then, bitconnect didn't bring the entire market down with it.

 

[PT Bar None]

Watching this luna freefall sure is something. I only owned 2 of them, so I figured there was no point trying to dump them at a loss yesterday. Nek minnut...

I'l leave the pair of 'em sitting now, see what happens. Sell if there's ever a bounce. Keep holding if there's not. Still getting ~6% APY with exchange "staking" right now as well. That's gotta die soon too, right?

Gotta laught at the bi-bolar nature of social media punditry as well. Last six months it's been luna, luna, luna!!! Yesterday I saw "We all knew luna was a Ponzi scheme". Must be hard living with those types of mood swings.

Oh well, play on.

 

[Pancakes]

If Luna gets to a $1 US, i am selling everything and grabbing as much as i can.
Surely at some point it at least makes it back to $4 or $5

 

[beez]

Some regulation is good. I'd be happy with regulation of exchanges and stablecoin creators to ensure they have sufficient funding. Other than that, I'd rather government stay out.

Rugpulls are part of the game. Without market manipulation, a lot of these shitcoins would never get off the ground.

I was just being a dick.

I actually don't understand the LUNA stablecoin thing and de-pegging and shit. I honestly can't even comprehend how/why it has fallen so far.

 

[ash_1050]

I've never touched Luna and know nothing about it, but going from a $118 just 5 weeks ago to it's current price of $3.57 is insane. Not a time to be buying hoping for a quick flip, crypto is a long term investment strategy.