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

 

[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 ?

Terra Classic price today, LUNC to USD live price, marketcap and chart | CoinMarketCap

The live Terra Classic price today is $0.0001321 USD with a 24-hour trading volume of $32,950,623.03 USD. We update our LUNC to USD price in real-time.

coinmarketcap.com

Sorry, but I'm not that good at crypto.

 

[Mercury]

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

 

[clemens]

And you all believe in Luna / Terra ?

Could advice what the token is called exactly ? I searched for Luna and up comes TERRA ?

Terra Classic price today, LUNC to USD live price, marketcap and chart | CoinMarketCap

The live Terra Classic price today is $0.0001321 USD with a 24-hour trading volume of $32,950,623.03 USD. We update our LUNC to USD price in real-time.

coinmarketcap.com

Sorry, but I'm not that good at crypto.

true the coin people talk about.

 

[JohnLocke]

And you all believe in Luna / Terra ?

true the coin people talk about.

you were wrong

TerraUSD price today, UST to USD live, marketcap and chart | CoinMarketCap

Get the latest TerraUSD price, UST market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website

coinmarketcap.com

Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg

UST has been dragged into the spotlight after the stablecoin, which is supposed to be pegged one-to-one with the U.S. dollar, fell below the $1 mark.

www.cnbc.com

 

[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

 

[khinkali]

You can make a 10,000% gain in 5 minutes and after 5 seconds you have lost everything

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?

Kelly criterion - Wikipedia

en.wikipedia.org

 

[JohnnyDoe]

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?

Kelly criterion - Wikipedia

en.wikipedia.org

Correct, but let’s call this gambling, not investing

 

[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

 

[JohnnyDoe]

@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.

It’s a fine line…

 

[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]

Lol at Terra.

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

Not a bad move. There might really be a rescue

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.

It is not a shitshow like USDN

 

[khinkali]

Lol at Terra.

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.

LFG also sent 37,000 BTC to MMs

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

 

[010cents]

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.

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

 

[Martin Everson]

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

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?

 

[369]

And here comes the premade deal

GAM Denies Romours About Terra Negotiation Bailout Plan (Updated)

GAM Holding has emerged as the first global giant to offer its help to Terra and its deteriorating ecosystem.

cryptopotato.com

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

GAM Holding AG is not in negotiations with Terraform Labs to support the Luna stablecoin

We are one of the world’s leading independent, pure-play asset managers.

www.gam.com

 

[Martin Everson]

GAM Holding AG is not in negotiations with Terraform Labs to support the Luna stablecoin

We are one of the world’s leading independent, pure-play asset managers.

www.gam.com

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