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the market: stocks, bonds, options, whatever

LUNA is down to .02 cents

it's done

i can't believe im actually on that ride


i didn't have that much - when i bought it, it was about $350 worth at $22 a piece....it went right up after that and stayed up close to $2000

it's gone now - i got liquidated
 
i found it - it's still there - it was hiding my low balances in kucoin

it's worth 40 cents total now


:facepalm:
 
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


and that's why im not even complaining - look at these poor people - ready to kill themselves and they're posting suicide hotlines for them

hwXxQxZ.gif
 
I'd hug you only if you dropped a life savings on LUNA.
No more than a hundred at a time investing in cryptos. That's about right. High risk too. High reward.
Even tho Bitcoin is tanking, it's still got value much more than before 2017.
 
Mr. Krinkle said:
LUNA is down to .02 cents

it's done

i can't believe im actually on that ride


i didn't have that much - when i bought it, it was about $350 worth at $22 a piece....it went right up after that and stayed up close to $2000

it's gone now - i got liquidated
Click to expand...

It just hit 0.00007 on kucoin. I actually bought a little earlier today because I figured it was worth a tiny investment in case it ever recovers. I bought 10,000 of them for very little. If I had bought it right now, I would have gotten almost 2 million for the same money.

I seriously have never seen anything even remotely this intense in crypto before. It's lost like 99.9999% of its value. In less than 2 days. It lost 99% of its value in the last few hours, as in, it had lost 99% of its value, and since then, it's lost 99% of THAT value.

I feel really bad for the people who were using UST for the 20% return rate, and using it as a "stablecoin" savings account with high return. People I know were using that instead of stuff like stocks, or a savings account.

I wonder how many people got totally wrecked by this?

I'm thankful I didn't own any until today, when I bought it at a few cents. A good friend of mine bought a ton of it at $80. And now he's buying more because he is 100% convinced it will get fixed and will recover eventually. It's his favorite crypto project.
 
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I've been following $MSTR. If bitcoin goes to 21K then they'll need to put up more collateral or get margin called.

They own 129,218 bitcoins as of April 4th and took loans to buy a lot of them, at higher prices
 
Mr. Krinkle said:
.000003 now

my friend bought $50 worth earlier today....it's worth 8 cents now :)


that ship is sunk
Click to expand...

Yeah there's no way to come back from this. They're minting more tokens at an out of control rate, massively inflationary. Last I looked, 6.5 trillion in circulation. Many, many times higher than before.

My $100 I spent earlier today to get 13,000 LUNA would get me about 100 MILLION if I had bought it now. Tempted, but yeah... I'm tired of throwing money away.

My good friend is convinced it will recover, he just keeps buying more, saying "dude I'm gonna be a billionaire". He's so excited. I'm like bro...
 
Mr. Krinkle said:
.000003 now

my friend bought $50 worth earlier today....it's worth 8 cents now :)


that ship is sunk
Click to expand...

Yep it's lost 99% of its value several times today, and that was after losing almost all its value over the previous day. Never have I seen such a catastrophic failure in crypto. People are gonna kill themselves over this, sadly... a lot of people had their life savings in the ecosystem. Which is obviously dumb, and this is why. But regardless of how dumb it is, it's reality for a lot of people.
 
the mistake i made, is when im up like that, i need to at least take back my initial investment....that went 5 x on me when it was $110 after buying it at $22 - that was stupid to leave it there - but i didn't think it would liquidate either

i won't do that again, that's for sure - if their ever is another again

:violin:
 
Actually it is incredibly volatile right now, my friend has made 10-30x a few times on it in the last few days. He bought it when it touched 6 zeroes on Kucoin. It keeps gaining and losing zeroes. It's just hard to tell because if you look at the chart beyond just the past 2 days, it looks like it went to zero and stayed there. I mean it did basically, but the difference between 0.000001 and 0.00001 is 10x.

My friend was doing futures so he magnified his profit by 3-5x, but even just regular spot trading, people are making a killing right now. Unless they bought it before it hit essentially valueless. Like me. Or worse yet, my other friend, who bought most of his at $80, and kept buying on the way down, but his last buy was at 10 cents, and now he is telling me it will recover so he staked it for long term holding :facepalm:
 
Xorkoth said:
Actually it is incredibly volatile right now, my friend has made 10-30x a few times on it in the last few days. He bought it when it touched 6 zeroes on Kucoin. It keeps gaining and losing zeroes. It's just hard to tell because if you look at the chart beyond just the past 2 days, it looks like it went to zero and stayed there. I mean it did basically, but the difference between 0.000001 and 0.00001 is 10x.

My friend was doing futures so he magnified his profit by 3-5x, but even just regular spot trading, people are making a killing right now. Unless they bought it before it hit essentially valueless. Like me. Or worse yet, my other friend, who bought most of his at $80, and kept buying on the way down, but his last buy was at 10 cents, and now he is telling me it will recover so he staked it for long term holding :facepalm:
Click to expand...


it's only got 3 zeros in front of it now .0001

it's +543% in 24 hrs
 
Yeah, wishing I'd bought some about 24 hours ago when I was like "nah, tired of throwing my money away". Instead of 2 days ago (or was it 3?) at 12 and 2 cents. Oh well, story of my life :ROFLMAO:
 
I posted this article a few months ago.

I read that tether is much safer than Luna but after what happened I consider holding any crypto a complete gamble at this point.

I feel like an idiot for even thinking the bottom might’ve been hit in March of this year.
 
The crypto market is in uncharted territory now. I was thinking we were going to go into a bear market for a long time because the last bull run lasted so much longer than any others. I was SURE (as were most others) that we were heading back up to new all time highs and that maybe we were not going to have any more traditional cycles. But now it's looking to me like I'll get my wish for a full bear market. Which is good in a sense, because that's how fortunes are made. When everyone gets disgusted and loses interest, and the price hits a floor and stays there, you accumulate, BTC and top 10 alts. And then catch the next bull run completely. I just wish I hadn't aped in with a lot more money when I thought it must have hit bottom. But last bull run taught me a lesson... just hang onto it. I am still as certain as I can be that crypto has a long way to go, and that years from now, even previous all time highs will just look like noise in the background.
 
it's all bullshit

it used to be fun but i hate it now - buncha dirtbags doing dirty things - that's all it is - and every morning, i wake up and i gotta deal with whatever they're doing in Asia overnight

i'd rather throw money on a hockey game and watch that - at least i know what's really happening there

now i gotta wait for MATIC to get back up above $2, which i am absolutely doing, and im getting the fuck out somewhere between $2 and $3, if it ever happens

i mean we all just learned a whole lot about LUNA and the terra system

what else do we need to know?


Solana's next - watch....
 
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