Crypto

Swurv said:
This was the arrogant billionaire Do Kwon and his BTC-backed "stable" coin. Sounds like he drained the coffers of Terra Luna and sold off their bitcoin trying to re-peg UST. Many are happy to see him humbled because he talked a lot of shit on twitter and his hubris knew no bounds.
Click to expand...
I was gone for a few days but came back to UST at .30

Beyond shocking but doesn't hurt my feelings one little bit. If ever there was a case for "karma is real" this is it. :yes:
 
In my junk email folder

Abdul Wahid Al-Khoir <[email protected]>

You Sent a Payment of $699.99 USD to Bitcoin, Inc. [email protected]​



It may take a few moments for this transaction to appear in your account.
If you havent made this purchase call Coinbase immediately
at +1-888-905-1573 to report and block this transaction.
Description​
Unit price​
Qty ​
Amount ​
Purchase of Bitcoin$699.99 USD1$699.99 USD
Subtotal$699.99 USD
Total$699.99 USD
Payment$699.99 USD
Charge will appear on your credit card statement as "COINBASE *​
 
Fish said:
In my junk email folder

Abdul Wahid Al-Khoir <[email protected]>

You Sent a Payment of $699.99 USD to Bitcoin, Inc. [email protected]​



It may take a few moments for this transaction to appear in your account.
If you havent made this purchase call Coinbase immediately
at +1-888-905-1573 to report and block this transaction.
Description​
Unit price​
Qty ​
Amount ​
Purchase of Bitcoin$699.99 USD1$699.99 USD
Subtotal$699.99 USD
Total$699.99 USD
Payment$699.99 USD
Charge will appear on your credit card statement as "COINBASE *​
Click to expand...
If you call that #, they'll probably try to sell you an extended car warranty.
 
Fish said:
In my junk email folder

Abdul Wahid Al-Khoir <[email protected]>

You Sent a Payment of $699.99 USD to Bitcoin, Inc. [email protected]​



It may take a few moments for this transaction to appear in your account.
If you havent made this purchase call Coinbase immediately
at +1-888-905-1573 to report and block this transaction.
Description​
Unit price​
Qty ​
Amount ​
Purchase of Bitcoin$699.99 USD1$699.99 USD
Subtotal$699.99 USD
Total$699.99 USD
Payment$699.99 USD
Charge will appear on your credit card statement as "COINBASE *​
Click to expand...
Forward these to Jim Browning.
 


So glad this happened. An algorithmic peg is bullshit and this is perfect timing. Bitcoin has had BILLIONS in supply dumped back into exchanges while touching critical support and THE stablecoin torched to oblivion and it’s standing rock solid.

This is a generational wealth buying opportunity here.
 
HammerDown said:
That is clickbait bullshit.

Bitcoin investors are buying Bitcoin; TerraLuna and UST investors are panicking. Do Kwon and his "algo peg" have been proven a ponzi.

Bitcoin investors are largely celebrating this morning.

Why?

Bitcoin rock solid, bounced hard off critical support after
-LUNA collapsing
-Inflation higher-than-anticipated
-macro being fucked
-equities fucked

Bitcoin has never looked more solid than it does this morning.

Buy Bitcoin, move it into cold storage. Wait.
Click to expand...

stephen a laughing.gif
 
HammerDown said:


So glad this happened. An algorithmic peg is bullshit and this is perfect timing. Bitcoin has had BILLIONS in supply dumped back into exchanges while touching critical support and THE stablecoin torched to oblivion and it’s standing rock solid.

This is a generational wealth buying opportunity here.
Click to expand...


1652282854046.png
 
Dole ver 2.0 said:
www.independent.co.uk

‘Life savings’ evaporate as major cryptocurrency collapses 98%

Users of popular crypto forum fear they will become homeless after wipeout
www.independent.co.uk www.independent.co.uk
Click to expand...

Now you see it, now you don't.

"
The price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.

Terra, which ranked among the top 10 most valuable cryptocurrencies, dropped below $1 on Wednesday, having peaked close to $120 last month.

The majority of the losses were realised overnight, with a 98 per cent price fall in the space of just 24 hours.

The dramatic crash meant its market cap dropped from above $40 billion to just $500 million, resulting in unprecedented losses for investors in a leading cryptocurrency.

“I lost all my life savings,” one member of the r/TerraLuna sub-Reddit wrote. “Had bought Luna at $85, not sure what to do.”

Another wrote that they had lost $15,000 after failing to sell their holdings for a substantial profit when it was trading above $100 last month.

“I should’ve cashed out when it was $100, then I would have been up $25,000,” wrote Reddit user No-Forever. “But I got greedy hoping to get more money so I can at least afford a downpayment for a house for my family. I guess no house and savings then.”

Some members shared suicidal posts after seeing their holdings become worthless overnight, while others offered support by sharing links to suicide hotlines around the world.

“I lost over $450,000, I cannot pay the bank,” one user member of the Terra forum wrote. “I will lose my home soon. I’ll become homeless. Suicide is the only way out for me.”

Moderators of the forum, which has more than 44,000 members, pinned a post with helpline numbers to the top of the page.

Leading crypto exchange Binance temporarily suspended withdrawals on Terra (LUNA) network at one point, meaning that even those who wanted to sell were unable to. (emphasis added)
 
OTOH, with UST down to 23 cents from a high of $120, I'm tempted to pick up 100 to 1000 of these...
 
Last edited:
Dole ver 2.0 said:
OTOH, with UST down to 23 cents from a high of $129, I'm tempted to pick up 100 to 1000 of these...
Click to expand...
The UST is their stable coin. The $127 is not. And I did buy $20 worth of LUNA today. Maybe I flushed that money away, but I took a small gamble to see what happens.
 
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