[pimike]

Does LUNA/UST recover and get past this hiccup? 5 weeks ago it was at ~$116, now it's going for $13.47. That's around a -8.5x (minus)

Human nature thinks "don't touch it", the needle is pointing at "fear". However, if you think it will recover, no better time to buy than right now.

Supposedly, the LUNA/UST crash was brought about by whales cashing out. Almost like it was planned (collusion).

All Cypto and sticks are planned

[Yulia74]

Do Kwon

[shadymcgrady]

Gonna need some tampons for my anus this morning

[Yulia74]

do kwon owns some avax too, he will dump it

[k13]

If someone is sitting on the sidelines and is willing to hold 2 years, they should pound BTC and ETH. Much better chance of hitting $100k than $10k in the next two years.

Nope.
Money supply will decrease not increase moving forward.
It is being wiped out every second now.

The party is over.

[bigtymer56]

Does LUNA/UST recover and get past this hiccup? 5 weeks ago it was at ~$116, now it's going for $13.47. That's around a -8.5x (minus)

Human nature thinks "don't touch it", the needle is pointing at "fear". However, if you think it will recover, no better time to buy than right now.

Supposedly, the LUNA/UST crash was brought about by whales cashing out. Almost like it was planned (collusion).

Less than a dollar now.

[bigtymer56]

Where is Mikey? It's his time to shine!

[pimike]

Do Kwon

Lol

I like that!


What does the writing on top say?

Lol

[themike78]

As you can see all crypto is down huge today. Some of the biggest losses ever. All crypto including bitcoin will not exist next week.

[Accrued Interest]

Inflation coming down fast. Deflation up next.

[Accrued Interest]

A lot such as Saylor really don't care about movement. He's in long term DCA throwing billions in. His only worry is the $21m liquidation but I'm sure the back up plan is in place.

Saylor is living on an island and laughing at the suckers he got into bitcoin worst case.

[Yulia74]

Lol

I like that!


What does the writing on top say?

Lol

probably means SCAM

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/

[shadymcgrady]

It was an attack by citadel, the same guys behind the Robinhood fiasco. They borrowed 100 million bitcoins, used a 250 to purchase the terra stable coin. Placed shorts on BTC then dumped both

[ChuckyTheGoat]

Where is Mikey? It's his time to shine!

Imagine the rant Saylor's wife is giving him:

"Michael, you idiot. You wasted $400Billion on a pile-o-shit."

[d2bets]

Won't be totally shocked to see $20k this week.

[Optional]

People acting like 20% interest for loaning this token was reasonable and not a huge red flag.

https://www.coindesk.com/layer2/2022...d-in-5-charts/


Feel sorry for no one who wants to stick their head in the sand and ignore the obvious risk, then come back acting like it is all someone elses fault.



This does show how bad it could be if (when!) the USDT scam falls apart.

[ThaWoj]

People acting like 20% interest for loaning this token was reasonable and not a huge red flag.

https://www.coindesk.com/layer2/2022...d-in-5-charts/


Feel sorry for no one who wants to stick their head in the sand and ignore the obvious risk, then come back acting like it is all someone elses fault.



This does show how bad it could be if (when!) the USDT scam falls apart.

Interesting read, thanks.

So serious question for raiders, etc...is there any chance of btc going back up to 35 in a few weeks? Or is it more likely to go below 25? I need to make a move in about 3 weeks.

[b0z0]

People acting like 20% interest for loaning this token was reasonable and not a huge red flag.
https://www.coindesk.com/layer2/2022...d-in-5-charts/
Feel sorry for no one who wants to stick their head in the sand and ignore the obvious risk, then come back acting like it is all someone elses fault.
This does show how bad it could be if (when!) the USDT scam falls apart.

Other stable coins like tether & usdc are in the same boat.

Reports suggest that if Tether collapsed, it would entail a global financial meltdown of almost $2.3 trillion.

[Arky]

People acting like 20% interest for loaning this token was reasonable and not a huge red flag.

https://www.coindesk.com/layer2/2022...d-in-5-charts/


Feel sorry for no one who wants to stick their head in the sand and ignore the obvious risk, then come back acting like it is all someone elses fault.



This does show how bad it could be if (when!) the USDT scam falls apart.

Eh, I threw some money at LUNA/UST. Live and learn.

My entire portfolio is still 3x-ing mainly bolstered by BTC and ETH so not pulling my hair out, yet.

Justin Sun has boasted of 30% APY on his new baby, stablecoin USDD. I hope he's taking notes.... I'll probably pick up a little of that, too....

[Optional]

Other stable coins like tether & usdc are in the same boat.

Reports suggest that if Tether collapsed, it would entail a global financial meltdown of almost $2.3 trillion.

Yeah I am onboard that that risk is real.

I'm hoping it doesn't happen until after I am cashed out but are expecting it some time. And think it will take years to recover afetrward.

[Arky]

If you sold and are looking to buy, stick with the fundamentally good stuff right now. BTC and ETH - can't go wrong long term.

Beware the pump and dumper coins.

One youtuber is saying Tezos will have a bright future....

Newcomer Ape Coin looks attractive right now....

[raiders72001]

Interesting read, thanks.

So serious question for raiders, etc...is there any chance of btc going back up to 35 in a few weeks? Or is it more likely to go below 25? I need to make a move in about 3 weeks.

No opinion on that one. I didn't think we'd go below $40k and got fooled. My only prediction is over $100k some time late 2023, early 2024.

[raiders72001]

If you sold and are looking to buy, stick with the fundamentally good stuff right now. BTC and ETH - can't go wrong long term.

Beware the pump and dumper coins.

One youtuber is saying Tezos will have a bright future....

Newcomer Ape Coin looks attractive right now....

Absolutely love APE long term. I've had APE for a while but don't know how to time it for more. Yuga Labs is king in the NFT space.

[Brewcity]

I put this in another thread but best long term investment... you gotta get on the xrp train. Currently down to .40. What I'm reading is by 2030 it's gonna be up past $20 per xrp. Once they win in there lawsuit vs the sec, it's gonna skyrocket. The lawsuit should be over by the end of 2022. I've been buying a shit ton and gonna get more soon. Low risk, massive massive reward!

[ThaWoj]

No opinion on that one. I didn't think we'd go below $40k and got fooled. My only prediction is over $100k some time late 2023, early 2024.

I don't doubt you but my bag is too small to wait 2 years to 3x or 3.5x my money

Im in rough financial shape so I need the money relatively soon and I cant keep letting this shit bleed down..so I may have to bite the bullet and sell...of course if I didn't have a gambling problem I might still have all the crypto that I bought to invest (not to gamble) since 2015 and I might be rich.

[raiders72001]

I put this in another thread but best long term investment... you gotta get on the xrp train. Currently down to .40. What I'm reading is by 2030 it's gonna be up past $20 per xrp. Once they win in there lawsuit vs the sec, it's gonna skyrocket. The lawsuit should be over by the end of 2022. I've been buying a shit ton and gonna get more soon. Low risk, massive massive reward!

I also like XRP. I have a little at Betcoin and wager in XRP.

[Brewcity]

I also like XRP. I have a little at Betcoin and wager in XRP.

What is your outlook on xrp? How high do you think it will/can go in the next 5 to 10 yrs?

[raiders72001]

I don't doubt you but my bag is too small to wait 2 years to 3x or 3.5x my money

Im in rough financial shape so I need the money relatively soon and I cant keep letting this shit bleed down..so I may have to bite the bullet and sell...of course if I didn't have a gambling problem I might still have all the crypto that I bought to invest (not to gamble) since 2015 and I might be rich.

I wish there was something that I could give you but short term I have no idea what these coins will do unless there's some current news or we are in a bull run. Then it's easy to know where it's going and the best coin to pick.

[raiders72001]

What is your outlook on xrp? How high do you think it will/can go in the next 5 to 10 yrs?

5x is reasonable within the next 2 years if they win the lawsuit. 5 years/10 years is too long of a time period to make a prediction. The marketcap is fairly high, for the crypto world, so we would need bitcoin to rise too.

[Brewcity]

5x is reasonable within the next 2 years if they win the lawsuit. 5 years/10 years is too long of a time period to guess. The marketcap is fairly high, for the crypto world, so we would need bitcoin to rise too.

They are pretty much gonna win the lawsuit. And I know we heard this 20 times, but the judge gave a timeline now because of all the bs stall tactics the sec had been using. So ripple will win, and they will win by mid December 2022! I really believe xrp will be above $20 within 10 yrs!

[Brewcity]

I just can't believe it's back at .40!

[raiders72001]

They are pretty much gonna win the lawsuit. And I know we heard this 20 times, but the judge gave a timeline now because of all the bs stall tactics the sec had been using. So ripple will win, and they will win by mid December 2022! I really believe xrp will be above $20 within 10 yrs!

I hope you're right.

[raiders72001]

There's so much money involved that there has to be back door deals going on.

[ChuckyTheGoat]

There's so much money involved that there has to be back door deals going on.

What does Judas Priest have to do with it?

[Brewcity]

There's so much money involved that there has to be back door deals going on.

The crazy thing is, while sec is sueing ripple, ripple is partnering with so many other big name companies to accept xrp in other countries. That goes to show how much confidence everyone has in it. And you know they probably have verbal deals with us companies pending conclusion of the court case.

The biggest thing is with xrp you can move millions of $ in minutes with minimal fees. With bitcoin that would be very difficult and it would take way longer, not to mention huge huge fees. I honestly think btc will be way down in 10 yrs.