THANK YOU to the Bankless guys and Algod on twitter for calling out the extreme riskiness of the Terra ecosystem. I probably would have gambled some cash on this dumpster fire if it wasn't for you guys.
@@myp0h DAI is obviously best because USDT tether is just fiat based on fiat - TRUST IN US, based on TRUST IN US "government money" - double trust, EW... - DAI however has real hard assets backing it up
Terra member for 1.5 years. Thought crypto needed decentralized money and was sucked in by the pitch, until recently when I started to hear voices like Bankless bring up legitimate criticism. After that it wasnt hard to see it wasn't really seeing adoption, it was just being harvested like every other drive-by yield farm. I thought long and hard about bringing my concerns to the community but decided no one would listen and u can't save people from themselves. Realizing now that was a mistake. Ryan and Shawn, from the bottom of my heart, THANK YOU for not making that mistake.
I just came across bankless…a bit too late. My background in finance and portfolio management helped in this situation; got BURNED but not WIPED OUT. Do Kwon better crawl into a deep hole and never come out. What he’s done to the space and some people will have long lasting damage.
Crypto has decentralized money, it's called bitcoin. How is luna/ust decentralized when there is one guy that uses the token to buy an asset to back the token that he holds, this is why people call everything else a scam, it is because they are being misrepresented. The project xyz may not be a scam per say, but when you misrepresent it, it makes it a scam.
Agree with your closing. This space is risky, many lesson learn from UST case. Thus, I am still 100% trust in crypto space. Just play safe and careful, then we'll still running amazing bankless life.
Thks guys.....we need people like you who are well versed in the field to share your knowledge with those of us who are excited about the new technology but lack the resources to dig in deeper. We especially need people like both of you who have the heart for the people. Fantastic job! Keep it up!
Solid episode. One lesson learned I'd suggest for Bankless: next time you invite two guests for an episode like "UST: Ticking Time Bomb?" the "bear case" participant should not be an active UST holder who cannot articulate a proper bear case against their holdings. Fact is that episode most likely increased the pain retail investors went through this week due to the broad influence of this channel. Been a proud premium subscriber for months, but the choice of guests for that episode stands out as an area I hope Bankless learns lessons from...
I think David and Ryan gave too much respect to their guests. Almost all the way through it, ii picked up about a half-dozen times i said "C'mon, why isnt David or Ryan jumping on that bullshit and calling it out!". But David and Ryan smiled and nodded pleasantly with no major objections to the points made. But David and Ryan i think are trying to establish a podcast that they can get any guest to feel comfortable they can come on to. That David and Ryan will take a more passive approach than engage in a debate about the systems that may make the guests uncomfortable. Its a difficult line for Bankless to toe and they do as well as can be expected.
@@Desmolas Well said. I went through a similar experience watching the episode and came to a similar conclusion. At the same time, I'd like to think they could have invited a non-UST holder to make a proper bear case while maintaining a respectful debate. They don't need to play bad cop as hosts if they invite capable guests to represent each side.
@@Desmolas this podcast probably has the potential to get some big non-crypto guests, so yes they have to be diplomatic. they did warn people, and they used the subtitle "ticking time bomb?" so I felt that was good enough lol
The arb mechanism behind Luna UST acts basically like a turbo and increases the speed of the decline. Thats why algo stables are so dangerous because once the system gets out of balance the mechanism works against you.
Yeah these algorithmic stablecoins are just sketchy all around. The fact that the mechanism to prop up the price is buying a bunch off the market to burn it with a different coin minted out of thin air. You can game prices, but you can't just create value. Stablecoins probably need to be centralized and collateralized with dollars. Yeah that flies in the face of the spirit of defi, but defi and stability don't belong in the same sentence.
@@russellhamner4898 overcollateralized stables actually work. Best example Dai. Exists since 2017 and was solid through every up and down. But those are backed with 150% worth of BTC/Eth per Dollar and have other safetynets on top. Its not capital efficent. But its decentralized.
This episode was a wild ride. I really appreciate the tone of Bankless and Daily Gwei because there are real victims here and this is a time to learn and grow.
Every time we have these crypto crashes there are guys telling us that lessons will be learned right up to the next crash. They never learn. It's about greed and easy money. It's always going to fail.
BTC seems like a precarious "reserve" choice of itself, let alone broadcasting said choice. Great episode. "If it can be attacked, it will be attacked." Golden nugget right there.
So good dude… I have a very cursory understanding of crypto, got in around thanksgiving, treaded water, and got hit around Feb, but I bailed and sidestepped a lot of downside. I was trading. I didn’t really understand crypto until I heard this story. Didn’t understand the scale, potential, and what is actually happening. I completely misunderstood how intricate it was and how vast an ecosystem it was. This was dope- thanks.
My first experience with Mrs Lucy gave me profit of over $24,000 and ever since then she has never failed to deliver and I can even say she's the most sincere broker I've know.
I met her in a conference in Washington DC and after her speech I was opportune to me and started investing Though I started with $1000 but it was successful
MtGox took out 20% of the crypto market cap when it blew up, nothing will get bigger than that percentage wise edit: after watching, great episode. you guys called this one, tried to warn people, called out dani, took heat for that.. people need to learn how to spot these personality cult guys. these people are narscists, good at appearing charismatic in public but they'll blow up in private. if someone can tweet out some crap & make markets move, approach with caution. these guys often do have real skills and can build real platforms, but they're not top tier. and they're not altruistic. it's their promotional skills that are top tier, and ultimately they care more about their own net worth, they'll slide out the back door as the band of hopefulls takes the fall. then they lay low, let it blow over, and start up again with a new crowd & a new half-scam. another good example is bitlord. but this is why risk management is so important- never farm it all in 1 contract, never bet it all on 1 trade, diversify, maybe a few non-crypto assets as well.
Recently became a fan. Although I got turned off because you were called eth maxis that hated Terra, but subscribed for your insights nonetheless. Hopefully we all get through this together. I've learned my lesson.
bought UST on Coinbase at .27c last night. Sold at .80 this afternoon. Beats sports betting. "Collateral" needed to include short positions/ volatility indices.
Yeah I disagree with It doesnt matter if it was an attack. Nobody is talking about the scourge that is " shorting" the market. Everybody warns about leverage trading. Shorts need ti be gone from all of trading. I trade everyday I don't attack . This was intentional and it wasnt just about money. You guys do really good work. Keep it up
*People grabbing multi-figures monthly as income in investments even in this confusion days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...*
Patricia collins really knows her way around trading, its evident from her deep knowledge of how the market works, reading signals to perfection, i feel very safe trading with her.
Wow Alan finally made it to the comments haha. It’s unfortunate some are victims of the dips and Luno circumstance. Alan wouldn’t let us down, we’ve been happy even at this time. Thank you Alan I’m happy you’re getting known
I impressed with the indepth analysis you guys have made, learnt a lot of lessons from this and motivated to do some good research before investing in future . Love from India 🇮🇳 (bankless subscriber since 30k)
@@enriquebalpstraffon It’s a real comment. And the crypto community really does need need more people like these guys making legit educational content.
This is the best explanation of the crash I have heard... Also, @DoKwon why the f did you have to back Luna with Bitcoin? Everybody knows when Bitcoin goes does then everything goes down. Was gold too heavy to carry?
More importantly, he shouldn't have announced to the world the he'd brought BTC to back it AND would defend the peg at .98. He opened Luna, and all of us investors, up to not just vulnerability but annihilation.
I thought about that before reading this comment. It wouldn't surprise me if it was an attack by a government. 1 billion is chump change for them. LUNA will now be a great scapegoat when passing future legislation.
@@Whale15 yes. Seeing Yellen jump on this as an opportunity to wield control joins the dots for me. They specialise in false flag events like this, before showing up to “save the day”. So predictable.
Hey guys, this was a great breakdown, something I easily watched from start to finish. There was heaps of statements on "what do we do from here" "how do we come back" "How do we save retail" Bitcoin maximalism is still the way. Enough with the NFTs, ICOs, Stablecoins, Yield Farming. Safety in Bitcoin.
I have a very conservative portfolio consisting mainly of BTC, ETH, SOL and a few others. But this is really devastating to see. I personally never invested in LUNA as I never had the conviction in the project but to be apart of this has been absolutely crazy to see.
@@WhakataneMaori it's conservative though. I've been DCA into a few projects over a few years so this hasn't affected me as much as I thought it was. Instead of Binance I have KDA though which is probably way more risky and way more speculative but it wasn't money I needed and really like the fundamentals. Good luck to you though 😃😃😃
I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 5.6 BTC in just three weeks, with the trading strategy given to me by expert trader Derek Ross...
Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment 🤑
I used to hold BTC in binance and it really messed up my mental health. So for me, trading daily and taking out your profit is the better choice i have been trading with the help of Derek and the profit is amazing
thanks guys, i got reky here. Pulled some profits near thre top last year move profits to stables to pay taxes and hoped to buy a house for my kids. Now have nothing trying to work out how to continue but dont have any income now and frantically trying to find a job after the government destroyed my business during covd. Not sure there is a way out of this mess :(
No traders amongst the Lunatic management... almost all assets are correlated when it matters. The only asset that shares no correlation, is a hedge. The correct thing to do, for management, would have been to deploy capital in a short position, on leverage, with a ratio suitable for level of reserves.
@@stephenshanebeaty I agree, decentralized is not enough. We need also that the coin is: - not pre-mined - without unlimited supply. I think we can agree that if you have those in addition to no central authority producing the coins, it is not a shitcoin.
Can you explain how attacker made $900M? Attacker swapped BTC to UST and then start selling UST with price below $1 so not understanding how they made $900M?
Influencers are the ones that push these dangerously disruptive scams they should be accountable and should be very careful before promoting a project...a lot of people got burned today its important to do your own research don't listen to BS influencers. Good luck to all for the future.
anybody stupid enough to make financial decisions cause an influencer says to buy has it coming. This is the wild west and they are obviously crypto’s snake oil salesmen. Always, always DYOR. I feel, deeply, for anybody who bought into Terra, I myself got gutted during the DEFI5 hack and it’s never easy to swallow such a bitter pill. But this is part and parcel of your learning curve with crypto, outsized returns will always mean big risks. Nobody should EVER put their entire net worth into crypto, full stop.
@@benjaminmeusburger4254 thinking "this" is sustainable. By "this" I mean EVERYTHING happening right now. Remember, "The buck stops here". The inventers of the pkaybook are full of it
Who have believed what is happening with Terra LUNA, I haven't seen a like this. Saw a video on Crypto Gems channel that explained the technicalities with crypto currency
Two of the best commentators on this subject. Plain, precise and easily understood. Be warned, you have been told what to look for. If the bank is closed and the vault door is wide open, don't make a deposit. During the great depression, grown men jumped out of windows the world moved on and many who survived grew wealth beyond. Money goes to those who value it.
![How This Man Just Caused a $45 BILLION Crash [Terra Luna]](http://i.ytimg.com/vi/3KZY41SqaTI/mqdefault.jpg)
![How This Man Just Caused a $45 BILLION Crash [Terra Luna]](/img/tr.png)
What a great and educated historical piece on recent events in the Crypto world. Thumbs up and subscribed for sure.
The best crypto channel ; balanced , fair, polite language and so much wisdom and knowledge! Thank you guys, keep up with the good work 🤗
THANK YOU to the Bankless guys and Algod on twitter for calling out the extreme riskiness of the Terra ecosystem. I probably would have gambled some cash on this dumpster fire if it wasn't for you guys.
So DAI and USDT is better?
@@myp0h DAI is obviously best
because USDT tether is just fiat based on fiat - TRUST IN US, based on TRUST IN US "government money" - double trust, EW...
- DAI however has real hard assets backing it up
Terra member for 1.5 years. Thought crypto needed decentralized money and was sucked in by the pitch, until recently when I started to hear voices like Bankless bring up legitimate criticism. After that it wasnt hard to see it wasn't really seeing adoption, it was just being harvested like every other drive-by yield farm. I thought long and hard about bringing my concerns to the community but decided no one would listen and u can't save people from themselves. Realizing now that was a mistake. Ryan and Shawn, from the bottom of my heart, THANK YOU for not making that mistake.
I just came across bankless…a bit too late. My background in finance and portfolio management helped in this situation; got BURNED but not WIPED OUT.
Do Kwon better crawl into a deep hole and never come out. What he’s done to the space and some people will have long lasting damage.
Crypto has decentralized money, it's called bitcoin. How is luna/ust decentralized when there is one guy that uses the token to buy an asset to back the token that he holds, this is why people call everything else a scam, it is because they are being misrepresented. The project xyz may not be a scam per say, but when you misrepresent it, it makes it a scam.
This channel is super underrated.
Agree with your closing. This space is risky, many lesson learn from UST case. Thus, I am still 100% trust in crypto space. Just play safe and careful, then we'll still running amazing bankless life.
Not a huge fan normally, but credit to you guys for asking the question about this ecosystem a while ago.
Thks guys.....we need people like you who are well versed in the field to share your knowledge with those of us who are excited about the new technology but lack the resources to dig in deeper.
We especially need people like both of you who have the heart for the people. Fantastic job! Keep it up!
Hands down one of the best and well researched videos I've ever seen in crypto. Fantastic job covering this fellas.
100% they nailed it.
People are so positive it's amazing.
Solid episode. One lesson learned I'd suggest for Bankless: next time you invite two guests for an episode like "UST: Ticking Time Bomb?" the "bear case" participant should not be an active UST holder who cannot articulate a proper bear case against their holdings. Fact is that episode most likely increased the pain retail investors went through this week due to the broad influence of this channel. Been a proud premium subscriber for months, but the choice of guests for that episode stands out as an area I hope Bankless learns lessons from...
I think David and Ryan gave too much respect to their guests. Almost all the way through it, ii picked up about a half-dozen times i said "C'mon, why isnt David or Ryan jumping on that bullshit and calling it out!". But David and Ryan smiled and nodded pleasantly with no major objections to the points made.
But David and Ryan i think are trying to establish a podcast that they can get any guest to feel comfortable they can come on to. That David and Ryan will take a more passive approach than engage in a debate about the systems that may make the guests uncomfortable. Its a difficult line for Bankless to toe and they do as well as can be expected.
@@Desmolas Well said. I went through a similar experience watching the episode and came to a similar conclusion. At the same time, I'd like to think they could have invited a non-UST holder to make a proper bear case while maintaining a respectful debate. They don't need to play bad cop as hosts if they invite capable guests to represent each side.
PROOF OF STAKE=PONZI
@@Desmolas this podcast probably has the potential to get some big non-crypto guests, so yes they have to be diplomatic. they did warn people, and they used the subtitle "ticking time bomb?" so I felt that was good enough lol
The arb mechanism behind Luna UST acts basically like a turbo and increases the speed of the decline. Thats why algo stables are so dangerous because once the system gets out of balance the mechanism works against you.
yup the very thing that pumped Luna reverses once the infinite bids stop
it's a leveraging fly wheel
Yeah these algorithmic stablecoins are just sketchy all around. The fact that the mechanism to prop up the price is buying a bunch off the market to burn it with a different coin minted out of thin air. You can game prices, but you can't just create value. Stablecoins probably need to be centralized and collateralized with dollars. Yeah that flies in the face of the spirit of defi, but defi and stability don't belong in the same sentence.
@@russellhamner4898 overcollateralized stables actually work. Best example Dai. Exists since 2017 and was solid through every up and down. But those are backed with 150% worth of BTC/Eth per Dollar and have other safetynets on top. Its not capital efficent. But its decentralized.
One of, if not your best episode so far
Always enjoy listening to you guys!
This episode was a wild ride. I really appreciate the tone of Bankless and Daily Gwei because there are real victims here and this is a time to learn and grow.
was that turkey analogy really needed lol
Well done and thank you! Your ethos and measured responses are appreciated. You help cut through all the crap on youtube and twitter.
Every time we have these crypto crashes there are guys telling us that lessons will be learned right up to the next crash. They never learn. It's about greed and easy money. It's always going to fail.
BTC seems like a precarious "reserve" choice of itself, let alone broadcasting said choice. Great episode. "If it can be attacked, it will be attacked." Golden nugget right there.
Excellent thanks. Whilst watching this LUNA went from $0.0044 to $0.0025 😮
FTX says Hold my beer
So good dude… I have a very cursory understanding of crypto, got in around thanksgiving, treaded water, and got hit around Feb, but I bailed and sidestepped a lot of downside. I was trading.
I didn’t really understand crypto until I heard this story. Didn’t understand the scale, potential, and what is actually happening. I completely misunderstood how intricate it was and how vast an ecosystem it was.
This was dope- thanks.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy
Mrs Lucy and her method works like magic I keep earning single week with new strategy
My first experience with Mrs Lucy gave me profit of over $24,000 and ever since then she has never failed to deliver and I can even say she's the most sincere broker I've know.
I'm from Brazil, I and two of my friends tried her, immediately we testified her performing wonders
I met her in a conference in Washington DC and after her speech I was opportune to me and started investing
Though I started with $1000 but it was successful
It's been four months since I started investing with her and it's been a great experience
I'm happy today because of expert Mrs Lucy
Open Question: Do you think, UST could have been saved if only Terra considered increasing the Yield on UST to 10000%??
MtGox took out 20% of the crypto market cap when it blew up, nothing will get bigger than that percentage wise
edit: after watching, great episode. you guys called this one, tried to warn people, called out dani, took heat for that.. people need to learn how to spot these personality cult guys. these people are narscists, good at appearing charismatic in public but they'll blow up in private. if someone can tweet out some crap & make markets move, approach with caution. these guys often do have real skills and can build real platforms, but they're not top tier. and they're not altruistic. it's their promotional skills that are top tier, and ultimately they care more about their own net worth, they'll slide out the back door as the band of hopefulls takes the fall. then they lay low, let it blow over, and start up again with a new crowd & a new half-scam. another good example is bitlord.
but this is why risk management is so important- never farm it all in 1 contract, never bet it all on 1 trade, diversify, maybe a few non-crypto assets as well.
Recently became a fan. Although I got turned off because you were called eth maxis that hated Terra, but subscribed for your insights nonetheless. Hopefully we all get through this together. I've learned my lesson.
bought UST on Coinbase at .27c last night. Sold at .80 this afternoon. Beats sports betting.
"Collateral" needed to include short positions/ volatility indices.
Risky but nice return
grats man... u made 50c......
@@nutrino75 He bought and sold more than one, duh. More than doubling one's money is fine.
@nutrino75: are you one of those people who don't buy btc because you think you have to buy a full one?
That was complete luck on a shot in the dark
Awesome explanation guys !!!☆☆☆☆☆
I have been waiting for this since last night!
Yeah I disagree with It doesnt matter if it was an attack. Nobody is talking about the scourge that is " shorting" the market. Everybody warns about leverage trading. Shorts need ti be gone from all of trading. I trade everyday I don't attack . This was intentional and it wasnt just about money. You guys do really good work. Keep it up
#DBA 🔥🔥🔥:end of discussion
Excellent and clear summary of what happened, thanks a lot for this content
The best episode in crypto youtube land going deep into this Terra Luna thing glad I just lost a relative smaller amount.
*Chaos Economics* requires a certain mindset.
awesome episode...finally understood most of what happened.....
Thanks for the explanation.
*People grabbing multi-figures monthly as income in investments even in this confusion days in the market,any pointers on how to make substantial progress in earnings?would be appreciated...*
Patricia collins really knows her way around trading, its evident from her deep knowledge of how the market works, reading signals to perfection, i feel very safe trading with her.
This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,
Patricia daily signal is top rated and one of the best you could get when it comes to tradinq Crypto..
You all are kind to share your experience here about Patricia. this shows how much you want everyone to succeed ,she’s the best
Great skills and Knowledge about the market, I enjoy full profits and easy withdrawal with no complaints, work with the Best.
Outstanding content, thank you both...God Bless!
Thank you guys for this wonderful piece. I could have been a victim of this great downfall if it wasnt for the help of Alan.
Alan has really been a blessing tbh. he tutored me back in 2019, i am who i am today cos of him
Wow Alan finally made it to the comments haha. It’s unfortunate some are victims of the dips and Luno circumstance. Alan wouldn’t let us down, we’ve been happy even at this time. Thank you Alan I’m happy you’re getting known
hey sandra pls how can i reach Alan, asked the last time still didnt get a response
@alangrist
@@nicholeedgeworth9655his Te-le-gr am (@alangrist)
One word...YIKES!!
The slack notification at 33:58 😅😂😂
Thank you Bankless for the insight
Great content and explanation for a complex issue. This complexity is where crypto Needs to change for ubiquitous adoption. USDC/USDT now at 1.02
The "Mexican Stand-Off" reference is so funny but true haha!
Wow what a great vid! I learn a lot tnx!
Wow David must have made a few calls to real insiders to get this depth of detail in the timeline of events!
I impressed with the indepth analysis you guys have made, learnt a lot of lessons from this and motivated to do some good research before investing in future . Love from India 🇮🇳 (bankless subscriber since 30k)
Excellent episode! The crypto community needs more content creators like you. Keep up the great work, guys!
Sounds like a prefabricated comment
@@enriquebalpstraffon It’s a real comment. And the crypto community really does need need more people like these guys making legit educational content.
@@LevelofClarity I actually agree with you 100% thanks for replying mate! I feels good to be with humans
@@enriquebalpstraffon No doubt, man. I agree 100%. There are way too many bots clogging up the comments sections nowadays.
This is why you place your faith in the protocol and not the person
honestly what a great podcast genuine dudes just found u today im joining the fam
Good episode guys
Thanks for this episode
Thank you for putting this out so fast. 👏love👏your👏content.
Yall are real ones and that's why I watch
This is the best explanation of the crash I have heard... Also, @DoKwon why the f did you have to back Luna with Bitcoin? Everybody knows when Bitcoin goes does then everything goes down. Was gold too heavy to carry?
More importantly, he shouldn't have announced to the world the he'd brought BTC to back it AND would defend the peg at .98.
He opened Luna, and all of us investors, up to not just vulnerability but annihilation.
this should have 50k views by now
I was playing the whole video on 2x speed but had to put it at 0.5x speed when they played Vitalik.
Never forget that this is about 'what we're building.'
what??? no free lunch??? oh, we are the lunch ;)
The powers that be are probably the ones who killed Luna so they could bring in the regulations they’ve wanted all along.
I thought about that before reading this comment. It wouldn't surprise me if it was an attack by a government. 1 billion is chump change for them. LUNA will now be a great scapegoat when passing future legislation.
It does stink of nation-state level organisation and backing.
@@Whale15 yes. Seeing Yellen jump on this as an opportunity to wield control joins the dots for me. They specialise in false flag events like this, before showing up to “save the day”. So predictable.
@@Desmolas it sure does look like another one of their false flags.
@@1DaTJo where can i get more info about this?
A very, very, very helpful video. Thank you.
Backless made new fans.
This was the clearest, most concise video ive seen, great job fellas..subscribed, and look forward to learning more from you in the future
Thanks guys
love this channel, I do love ADA cardano slow and steady
Whelp...that escalated quickly.
Hey guys, this was a great breakdown, something I easily watched from start to finish.
There was heaps of statements on "what do we do from here"
"how do we come back"
"How do we save retail"
Bitcoin maximalism is still the way.
Enough with the NFTs, ICOs, Stablecoins, Yield Farming.
Safety in Bitcoin.
I have a very conservative portfolio consisting mainly of BTC, ETH, SOL and a few others. But this is really devastating to see. I personally never invested in LUNA as I never had the conviction in the project but to be apart of this has been absolutely crazy to see.
I am the same, BTC, ETH SOL along with binance but very modest porfolio
@@WhakataneMaori it's conservative though. I've been DCA into a few projects over a few years so this hasn't affected me as much as I thought it was.
Instead of Binance I have KDA though which is probably way more risky and way more speculative but it wasn't money I needed and really like the fundamentals. Good luck to you though 😃😃😃
Thanks Guys
Respect guys.
Great vid!
Thank you!
Thanks fellas.
I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 5.6 BTC in just three weeks, with the trading strategy given to me by expert trader Derek Ross...
Thanks for the insights and recommendation, Assets and lnvestment is that tiny Iine that separates the rich from the poor.
Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment 🤑
HODLing is the hardest thing I’ve ever done in my life I'm at loss 54% of my portfolio, I'll have contact him to help me
I used to hold BTC in binance and it really messed up my mental health. So for me, trading daily and taking out your profit is the better choice i have been trading with the help of Derek and the profit is amazing
Amazing videos.....very well explained !!
Glad I found this channel
thanks guys, i got reky here. Pulled some profits near thre top last year move profits to stables to pay taxes and hoped to buy a house for my kids. Now have nothing trying to work out how to continue but dont have any income now and frantically trying to find a job after the government destroyed my business during covd. Not sure there is a way out of this mess :(
what camera do you guys use?
No traders amongst the Lunatic management... almost all assets are correlated when it matters.
The only asset that shares no correlation, is a hedge.
The correct thing to do, for management, would have been to deploy capital in a short position, on leverage, with a ratio suitable for level of reserves.
Important lessons how any currency can collapse.
The lunar Foundation should have been backing it with gold
They could have backed up with anything, a centralized coin stays a shitcoin.
@@jackmaxwell3134 they're all s*** centralized or not
@@stephenshanebeaty I agree, decentralized is not enough. We need also that the coin is:
- not pre-mined
- without unlimited supply.
I think we can agree that if you have those in addition to no central authority producing the coins, it is not a shitcoin.
lost alot from ust depeg
Good episode.
So little actual reflection in this video. Nice insight into the whole debacle, though, and thanks for that! 👌
What kind of reflection were you hoping for? Criticism is so niche these days😆
i had a feeling this felt similar to Time Wonderland
Excellent.
Can you explain how attacker made $900M? Attacker swapped BTC to UST and then start selling UST with price below $1 so not understanding how they made $900M?
Pulse chain is due to launch mid May and will save us all
Thanks
Influencers are the ones that push these dangerously disruptive scams they should be accountable and should be very careful before promoting a project...a lot of people got burned today its important to do your own research don't listen to BS influencers. Good luck to all for the future.
anybody stupid enough to make financial decisions cause an influencer says to buy has it coming. This is the wild west and they are obviously crypto’s snake oil salesmen. Always, always DYOR. I feel, deeply, for anybody who bought into Terra, I myself got gutted during the DEFI5 hack and it’s never easy to swallow such a bitter pill. But this is part and parcel of your learning curve with crypto, outsized returns will always mean big risks. Nobody should EVER put their entire net worth into crypto, full stop.
This is wild. Probability of a rescue?
Good stuff
People thinking a 20% guaranteed return is sustainable…
Right?! Madoff offered 10% and people thought that was crazy.
Those "people" also include the Biden administration too...lol
@@upon1vp ? how/why?
@@benjaminmeusburger4254 thinking "this" is sustainable. By "this" I mean EVERYTHING happening right now. Remember, "The buck stops here". The inventers of the pkaybook are full of it
@@upon1vp Wow man that's crazy you really broke it down with specifics and everything
Thanks guys - great breakdown of what happened.
why are they trying to print more LUNA, the circulation supply was 343 million on 9/5, now 1.6 billion coin on 11/5.
Everytime a UST is burned, Luna Supply increases.
Who have believed what is happening with Terra LUNA, I haven't seen a like this. Saw a video on Crypto Gems channel that explained the technicalities with crypto currency
Two of the best commentators on this subject. Plain, precise and easily understood. Be warned, you have been told what to look for. If the bank is closed and the vault door is wide open, don't make a deposit. During the great depression, grown men jumped out of windows the world moved on and many who survived grew wealth beyond. Money goes to those who value it.
“It hurts” “but still the best opportunity in the world”. Thanks 🙏🏽
$DBA is holding pretty strong 💪
I'm just glad I used usdt all along, for some reason I ignored UST completely
Usdt looking a little wobbly