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BUTUZ

Space Marshal
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Apr 8, 2016
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BUTUZ
Seems like a good time to buy, to me! :like: :glorious:
 
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Montoya

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Oct 31, 2013
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Since you guys reading this a probably following crypto, I have some Spacebux to give away. Follow the instructions on this webpage, get a wallet address and post it here, Ill send you some!

 

BUTUZ

Space Marshal
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Apr 8, 2016
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BUTUZ
If this is a true bear market, then prices will be low for a while, no rush to jump in, but an opportunity to slowly buy anytime you see panic.
I don't buy/trade, I create from thin air and hold - but if I did buy and trade, I'd be buying a bit now :-)
 

Montoya

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I don't buy/trade, I create from thin air and hold - but if I did buy and trade, I'd be buying a bit now :-)
You would not be wrong, there is a lot of liquidations taking place and panic.
 

Aramsolari

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May 9, 2019
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Well I bought some Luna @ $1.10 cause why the hell not? Lottery ticket and all that. Man I feel bad for the folks who went heavy into it. The Terra Luna subreddit is currently bombarded with suicide posts and links to suicide hotlines. 😕
 

Montoya

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wow that is incredible i wonder who dumped and why? Ive been throwing 100 into shiba once a paycheck since the drops started going off i feel like its going to take off again when everything stabilizes.
Their stablecoin named Terra has an algorithmic peg. If you put in $1USD , you can get 1 UST, and 1 UST is backed by Luna. That peg got thrown off balance and dumping began. They need to mint more Luna to buy more UST to prop it up. As they mint more Luna, it creates a massive supply shock and causes it to dump 90%.

Well I bought some Luna @ $1.10 cause why the hell not? Lottery ticket and all that. Man I feel bad for the folks who went heavy into it. The Terra Luna subreddit is currently bombarded with suicide posts and links to suicide hotlines. 😕
You are correct, buy the fear.
 
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Aramsolari

Grand Admiral
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May 9, 2019
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Their stablecoin named Terra has an algorithmic peg. If you put in $1USD , you can get 1 UST, and 1 UST is backed by Luna. That peg got thrown off balance and dumping began. They need to mint more Luna to buy more UST to prop it up. As they mint more Luna, it creates a massive supply shock and causes it to dump 90%.
Yup.

I think it’ll go back up but it won’t go back up to it’s all time high if ever. Propping UST means that Luna’s circulating supply is now what? 1.6 billion and counting? The sudden increase in supply means the eventual market cap will reflect a much lower token price. There’s room for growth but that $100 ceiling is gone.

The important thing right now is to somehow claw back some semblance of confidence. Maybe a whale taking the chance and/or UST stabilizing. Either way this is a bet for me and something I can afford to lose.

I mean if it pays off…..I’ll go buy a Javelin or something. If not….back to the McDonald’s fry station! 😂
 

Montoya

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Imagine being on vacation and last seeing it at $80, then you come back and are probably very confused!
 

Aramsolari

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Imagine being on vacation and last seeing it at $80, then you come back and are probably very confused!
Yeah unbelievable. I’ve never seen such a fall from grace. $120 - $0.01 in 3 days? I’m more annoyed than anything. Didn’t have much riding on this (couple hundred bucks) but the collapse of LUNA has dragged down the entire market. Oh well….opportunity I suppose. Might pick up more ETH. Now if only I had a couple of hundred bucks to throw at ETH lol.
 

Sirus7264

Space Marshal
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Apr 5, 2017
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Yeah unbelievable. I’ve never seen such a fall from grace. $120 - $0.01 in 3 days? I’m more annoyed than anything. Didn’t have much riding on this (couple hundred bucks) but the collapse of LUNA has dragged down the entire market. Oh well….opportunity I suppose. Might pick up more ETH. Now if only I had a couple of hundred bucks to throw at ETH lol.
you mean $0.002 I thought it had already hit rock bottom.
 
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