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Victorious Spirit Eagle
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simpleguy123
Elite |
17-May-2022 11:08
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Upon reading the plan, it says out of this 1B New LUNA Coins on Terra 2.0: Only 10% (100M Coins) will be distributed amongst the Existing LUNA holders prior to Terra 2.0 launch. And 25% (250M Coins) will be distributed amongst the Exisiting UST holders prior to launch. The ones who huat are the ones who caught the knife, but this will piss off the old guard. :/
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simpleguy123
Elite |
17-May-2022 11:00
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Because they tell the world previously UST is a "StableCoin". Whereas Luna is basically....a crytocoin. UST is backed by LUNA, thus in the beginning of this adventure the endgame was that LUNA has to be higher priced than UST. So that UST can be backed by a "hardcore collateral". Something similar to DAI being backed my MKR. The problem with bailing out UST, is that as the price of UST's Collateral (LUNA) drops, so does the value of UST itself. The TerraLab team was fighting a two-front war....they were dealing with sellers of both LUNA and UST
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commando
Master |
17-May-2022 10:27
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Yes they rather spent BTC to save ust
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Goldendog
Master |
17-May-2022 09:46
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Means if they go ahead with this plan my LUNA lottery ticket is gone case. 6,900 Old Luna = 1 New Luna at unknown price. What if is $0.50 or $1
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simpleguy123
Elite |
17-May-2022 09:11
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A breakdown of the New Terra Revival Plan. https://www.youtube.com/watch?v=Y-iSYXyVYX0   |
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simpleguy123
Elite |
17-May-2022 08:31
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Yep, its how i see it this way. If i can spend $50 at Cow Play Cow Moo Arcade Coins, why not at these digital coins. ![]()
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simpleguy123
Elite |
17-May-2022 08:25
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Coinhako allows for Selling and Swapping. KuCoin and FTX allows for Buying, Selling and Swapping.
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simpleguy123
Elite |
17-May-2022 08:19
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Seems like they are going for Terra 2.0. (Forking Terra 1.0, the current system. Abandoning UST and adopting New LUNA Coins with max supply 1B)  Dropping the UST in the process. (Apparently they will compensate UST Holders, but the payout is not really desirable.) For current LUNA holders people seem to believe this means a reverse-split (like a Share Consolidation). People have speculated and gotten the idea that with 6.9T LUNA currently, the new Terra 2.0 with have 1B New LUNA. Old LUNA Supply 6,900,000,000,000 versus New LUNA Supply 1,000,000,000 So  its approx, 6,900 Old LUNA = 1 New LUNA For those wondering why not burn the excess LUNA, the Terra Treasury is nearly empty. Because they spent most of their BTC trying to save UST. |
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TA_Expert
Supreme |
16-May-2022 23:01
Yells: "The World has changed" |
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Are you able to sell?
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Goldendog
Master |
16-May-2022 22:28
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Luna keep falling after news came out they helping ust | ||||
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TA_Expert
Supreme |
16-May-2022 15:52
Yells: "The World has changed" |
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After the initial collapse, many investors rushed in for a killing. Like one member who said that he made $2,000 easily money by placing a just bet of $70. The risk reward is damn good. Because of that, more and more people placed bets in the hope of the easy money, the exchanges around the world panic, so they banned, halted the trading of these 2 coins in order to stop people continue to place bets. For thosr who bought during the collapse, congrats that you made a killing. It is so easy money than buying 4D/Sweep/TOTO. Small bet with more than 1000% return. Even a non-savvy trader will know how easy to make a quick buck. On the other hand, if you look at the meme stocks saga, like GameStop. Nobody halted/banned trading despite the wild swing. Many people made a killing, becoming millionaires over night. The market is controlled by the BBs. They will determine when to ban/halt trading of a product. |
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TA_Expert
Supreme |
16-May-2022 15:43
Yells: "The World has changed" |
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This is how BBs used social media to spread fear that led to the collapse. Everybody panic so sell indiscriminately. Someone who triggered this crisis will benefit in the end. If both Terra and Luna do not bankcrupt, i.e. go to zero value, it would mean that this is the work of BBs.
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vannie1216
Member |
16-May-2022 15:29
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this is call pray for hope. | ||||
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Goldendog
Master |
16-May-2022 15:23
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This is good for us, hope it pushes up the prices once they burned more coins. Maybe cannot rally back to pre-crisis level but at least can push to $1 many will be happy already
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TA_Expert
Supreme |
16-May-2022 15:20
Yells: "The World has changed" |
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Luna too. | ||||
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TA_Expert
Supreme |
16-May-2022 15:16
Yells: "The World has changed" |
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I could still see heavy buying of Terra. Who are these people keep buying? They are confident that it will rally back to pre-crisis level. |
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TA_Expert
Supreme |
16-May-2022 14:58
Yells: "The World has changed" |
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It doesn' t make sense. If you are able to sell, who is the buyer on the other side? If there are really buyers on the other side, who are they? If most exchanges have already delisted or halted the trading for these 2 coins, how to explain the explosive rally of 27000% within a day? This is definiltely heavily manupulated. This clearly shows that the BBs are behind the sence manupulating the market.
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Goldendog
Master |
16-May-2022 14:54
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No wonder since then keep dropping..
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Goldendog
Master |
16-May-2022 14:44
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Yes, i think alot young investor lost their first few years of working hood..sad but must move on and be smarter next time, i think crypto better not touch for now
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Goldendog
Master |
16-May-2022 13:39
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Young investors thinking crypto is the next gen investment products which got chance to get rich quick..previously many good examples of coins getting 50x to 100x very fast producing few millionaires out of it.
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