Reply With QuoteWow, what an implosion. Still very surprised that other crypto seem to be almost unaffected.Originally Posted by JoeyTudor
Kwontative easing?
I’ll get my coat
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Goodbye Luna, it was nice knowing you.
Kwontative easing?
I’ll get my coat
Sent from my iPhone using Tapatalk
Wow, what an implosion. Still very surprised that other crypto seem to be almost unaffected.Kwontative easing?
I’ll get my coat
Sent from my iPhone using Tapatalk
Goodbye Luna, it was nice knowing you.
Someone who lies about the little things will lie about the big things too.
Reddit imploding , so many will lose their shirt over Luna
"Last 24h liquidations breakdown:
Bitcoin - $355M
Ethereum- $326M
Luna - $100M
Solana - $24M
ApeCoin - $16M
GMT - $15M
Doge - $14M
XRP - $13M
Near - $11M
Polkadot - $10M
Litecoin - $9M
EOS - $9M
Total: $1.1 billion in liquidations
Traders liquidated: 287,061"
Does liquidation mean they have sold their stake of the crypto listed or is liquidation in the business sense they have lost everything and taken nothing away with them?
Sold......
Saylor still sounding chipper
https://twitter.com/saylor/status/1523996525151539203
Lolz.
That is technically correct when it comes to the loan terms, however at $18,800 their equity capital goes negative and I assume their outstanding bonds will have covenants that will kick in long before that. So he is - as usual - talking bollox.
Someone who lies about the little things will lie about the big things too.
Should anyone be interested in pursuing this further, the covenants for the loans appear to be documented (in full blown legalese) amongst the SEC filings which are freely available on the Investor Relations section of the MicroStrategy website. It is left as an exercise etc...
Personally I'm content to run with Raffe's assumption for the time being.
Last edited by petethegeek; 10th May 2022 at 18:42. Reason: video clip shortened
Seems like LUNA is just melting, losing another 45% to $16 in the last hours. UST also in free-fall again, $0.78 as I type.
Apparently the brilliant idea to sell a billion Dollar's worth of UST at 50 cents wasn't the best idea to convince investors that it was worth $1. Who wud hav thunk?
Meanwhile, Coinbase is filing their 10Q with the SEC and it has this amazing gem deep inside:
"Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors..."
Oopsies, actually double oopsies. If any of the resident punters still have any crypto on Coinbase, I can only recommend to remove it. Now.
Someone who lies about the little things will lie about the big things too.
LUNA looks certain to fail this morning
A shame, but quite genius how it was done and (if the rumours are to be believed) Citadel make a ~800m profit
Not really a secret , you can see the attack on the Blockchains apparently
SEC will clamp down on stable coins, Tether next ...,
Genius?
It was doomed to fail. And what would Citadel have to do with this, you have to lay off the conspiracy theories.
Someone who lies about the little things will lie about the big things too.
Well, I did say “if the rumours…”
Let’s say “someone” made a lot of money then?
https://twitter.com/onchainwizard/st...0Kghr35Z0lHnAw
'attack'
In the loosest sense
What nonsense.
LUNA/TERRA was a bad idea to begin. When this piece of manure was dumped on hundreds of thousands of retail investors, that was where the crime happened. I find it funny that crypto bros are always happy to accept the pumps, but never the inevitable dumps. That it would eventually implode was only a question of time. Many more will follow.
For a good summary of the design flaws of LUNA, I recommend Matt Levine's brilliant and funny articles here and here.
Someone who lies about the little things will lie about the big things too.
Who isn't accepting the dump?
I'm fine with it -- never invest more than you're prepared to lose
I'm not selling my LUNA, if it goes to zero, so be it. Looks like it will too!
Are you still short BTC??
LUNA down another 72%, now trading at $5. And who would have thunk that one can buy a Dollar for 40 cents?
My bold prediction: LUNA will trade at $1 before TERRA.
Someone who lies about the little things will lie about the big things too.
Yes, still short.
Sold at $48,000, subsequently increased position at $43,915 and $39,000.
Someone who lies about the little things will lie about the big things too.
Good man :-)
Loads of people on Reddit bragging they 'bought the Luna dip'
At $25+
Tron planning the same scheme as Luna , think I'll pass
This tweet hasn't aged well..
https://twitter.com/FreddieRaynolds/...37239801905161
Saw somebody posting yesterday having put all savings into buying 100,000 LUNA coins, about $3 million - worth $360k right now.
Someone who lies about the little things will lie about the big things too.
"I bought some $UST at .7$ because I know it's stable coin, now I make profit celebrate" Comment on CMC.
UST is a fully backed stablecoin. It is backed by LUNA, which in turn is backed by UST, which is backed by LUNA. Who could have thought that such a safe and sound construction could collapse?"I bought some $UST at .7$ because I know it's stable coin, now I make profit celebrate
I am sure this was a malicious attack by Citadel, Bill Gates and George Soros. Only the Dogefather can help us now.
Someone who lies about the little things will lie about the big things too.
Lol, perfect gif
Amazing that selling something and buying something else is an 'attack'
Crazy Elon shmoking a dried up dog turd.
Reading a few horror stories on another forum, of people having 100k and even 200k in LUNA
Well not anymore they don't
Nice
FT Alphaville on TERRA/LUNA: Terra cotta
LINKY
Someone who lies about the little things will lie about the big things too.
He's sounding less cocky than he has been
People losing their life savings, retail investors will run for the hills and buy gold
CPI 0.1% higher than expected --> BTC -4%
Hedge against inflation collapses when inflation appears.
Someone who lies about the little things will lie about the big things too.
My MX5 turbo fund in Coinbase will now not even buy furry dice
LUNA below $ 1.
Wow.
Now let's do Tether.
Someone who lies about the little things will lie about the big things too.
Asking as a complete ignoramus about such things, what happens when the value goes to zero? Correct me if Im wrong, but these are not like company shares, if a company stock goes to zero, the company folds?
Cheers..
Jase
Terry fight back, 100% up, 1% away from dead to 2%
It's the other way around, when the company folds, the stock goes to zero because it has no value anymore.
For coins, I would suppose activity stops when there is nothing left to gain, but that might not happen for a long time. There are plenty of gamblers that will keep this alive as long as there is a venue left where they can trade, so dependent of if and when the coins get delisted. I expect the major exchanges will remove them quickly, but then there will still be the Defi platforms and it can continue for a long time there.
Someone who lies about the little things will lie about the big things too.
Thank you.
Cheers..
Jase
Complete meltdown of all shit coins. Maybe after all it does matter what you buy?
Just wait until Tether starts imploding. That will be the show of the century.
Someone who lies about the little things will lie about the big things too.
Rumors say Celsius Networks is bankrupt.
If you still have any coins there, try to get them out - even though many are reporting that withdrawals are suspended.
Someone who lies about the little things will lie about the big things too.
A 20% drop in crypto is a meltdown now?
Jeez, I’ve been through a lot of meltdowns if that’s the case
Let me see.
Five day performance:
LUNA: -99%
FLOKI: -52%
SHIBA: -40%
SOL: -39%
DOGE: -32%
ADA: -30%
CRV: -29%
Someone who lies about the little things will lie about the big things too.
Does that qualify them as a hedge against inflation, I hear there is raging inflation....?
Someone who lies about the little things will lie about the big things too.
Pretty standard behaviour since the dawn of crypto.
It’ll be back soon enough. Just like the last 500 times it dumped.
I’m surprised at how resilient BTC is being. It certainly doesn’t want to let the support at $29k go.
Luna shot up 850% at one point today. Could have bought at 0.77 and sold at nearly 8 a little later on. That would have been the trade of the day!
Why didn't you do it, seems like an easy thing?
I can assure you this dump is far from over. You are only seeing the beginning. Keep buying those dips, each and every one of them is a steal until it isn't anymore. Maybe load some more bargain MSTR at $173, a cool 40% below the price you thought was steal three days ago?
Someone who lies about the little things will lie about the big things too.
Good chunk of my portfolio on there. Tried sending it out via ETH 45 mins ago, transaction still pending..
Note on withdrawal email:
‘For security reasons, Celsius keeps a limited amount of funds available in its outgoing account. If the amount of coins you’re sending exceeds the available amount, we may need to manually replenish the outgoing account. Additionally, we may need to manually review and approve large transfers. This may take up to 24 hours, and occasionally longer in rare cases. Processing time may also be affected by blockchain congestion’
Will be an interesting evening…
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Good luck mate.
Someone who lies about the little things will lie about the big things too.
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