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the majority of the multi-zero altcoins i hold (75%) are green. think about that for a moment. on a day when the dow closed down 1,179 points, a few obscure crypto markets are green. and they just so happen to be very liquid, very high leverage.
i think wall street is dipping their toes into crypto and the CEX traded alts will lead the crypto rally.
a day will come when stocks keep falling and crypto rises. and it may happen soon. nothing about crypto is based on economic fundamentals. it's all perceived value, based on utility and innovation.
institutional money sees these dips as opportunity.
regulation will give them the green light to openly pump what they've been loading.
good point, if he wants to later "save LUNA" then telegraphing that here makes him seem like an opportunist, feasting on the leverage of LUNA's collapse.
if he wants to play it cool now, and the pivot to activist investor after kwon's behavior pre-collapse becomes common knowledge, it probably serves us all best.
and if the ultimate goal is to accumulate cheap LUNA tokens, why say anything bullish?
i am holding.
i thought novo's statement (linked here) was really meek and weak, basically saying "I hope no one bet the farm".
https://s27.q4cdn.com/973063916/files/doc_news/2022/A-Letter-From-our-CEO-Mike-Novogratz_5.18.2022.pdf
after reading his boilerplate disclaimer "be diversified" crap, i doubt he will save LUNA. i wonder if he knows where all the BTC that LUNA held went??
OTOH, elon's buddy CZ could still be a hero.
LUNA "classic" is like a shell company now. it could be reborn as a fiat-backed stable, or something totally different.
but what it has (that many others don't) is an iconic brand. lol
yes, no wonder the s. korean parliament wants kwon to testify. i think there's a tendency for even the most high profile crypto teams to feel above the law, like since their space is unregulated, they can be open criminals. hopefully that will change. they should make an example of this guy.
lol... your reply here deserves to be a sticky post on our board. i have to think novo was blindsided by kwon's dissolution of terraform labs... just as much as we were.
if there's any shred of justice in this world, kwon, the manipulators who shorted, will do jail time, and novo (if he's a victim) can take over.
Terra Plot Thickens: Leaked Documents Show Do Kwon Dissolved Terraform Labs Before The Collapse
https://www.ibtimes.com/terra-plot-thickens-leaked-documents-show-do-kwon-dissolved-terraform-labs-collapse-3511548
South Korea’s crypto probe and what’s next for stablecoins after Terra’s crash: CNBC Crypto World
https://www.cnbc.com/video/2022/05/17/south-korea-probe-whats-next-stablecoins-terras-crash-crypto-world.html
South Korea’s crypto probe and what’s next for stablecoins after Terra’s crash: CNBC Crypto World
https://www.cnbc.com/video/2022/05/17/south-korea-probe-whats-next-stablecoins-terras-crash-crypto-world.html
Terra Community Vehemently Rejects Do Kwon’s Proposal To Fork LUNA’s Blockchain
https://zycrypto.com/terra-community-vehemently-rejects-do-kwons-proposal-to-fork-lunas-blockchain/
Terra Community Vehemently Rejects Do Kwon’s Proposal To Fork LUNA’s Blockchain
https://zycrypto.com/terra-community-vehemently-rejects-do-kwons-proposal-to-fork-lunas-blockchain/
yeah, i'm riding free, and have profits besides, so all is good. sage advice!
CZ could help novo, then the wealth created/restored by LUNA's rise would be felt throughout the crypto markets. faith restored.
binance would benefit from a reputational boost. win-win for all.
this tweet sounds to me like a LUNA holder wrote it. lol
Personal opinion. NFA.
— CZ 🔶 BNB (@cz_binance) May 14, 2022
This won't work.
- forking does not give the new fork any value. That's wishful thinking.
- one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges).
Where is all the BTC that was supposed to be used as reserves? https://t.co/9pvLOTlCYf
yeah, and Novo knows, if LUNA recovers, it'll take the entire crypto market, BTC included, up with it. he stands to gain on all fronts. monetarily and in terms of his public image.
meanwhile, kwon is getting roasted on twitter, regulators and government taking notice. none of kwon's public statements or decisions after the crash have made him look any better, that's where the pink sheet rinse and repeat taint is worst.
i see every reason to hold LUNA.
everyone here is pretty well diversified, even if it's mostly in crypto.
speaking of, looks like markets are rallying a bit. all the financial media has to do is print headlines like "crypto investors are shrugging off stablecoin concerns".
then the hedge funds will stop their short attacks, and the party resumes.
hey, Dave RMT -- hooray for that. imagine the virtuous circle that could be created if team FEG helped the SD projects, which would generate profits flowing back into FEG and ROX.
this is noticed from the outside, too, without a doubt.
friends i told about SD tech wondered what the point would be, of minting their own SD token, if they're on their own.
or why list on fegex if the exchange gets no marketing help from the top.
these are legit questions, even after security concerns have been addressed, so it's a relief to hear you say they understand.
the power of this community must be utilized to its fullest extent.
yes, there are many. novogratz and many others have a much more personal stake in LUNA's possible recovery. it would send a signal he's not just in it for himself.
and the pain of fixing LUNA would be much less than removing his tatoo.
https://twitter.com/novogratz/status/1478535972560195585?s=20
the 2FA wallet never got hacked.
i'd have a lot more faith in the future of FEG if they'd been promoting fegex and SD projects from the start.
yes, trust is earned.
and support is earned.
if FEG's team wants the SD projects to support them, going forward they must help us.
not just a little, but a lot.
no more "us vs them".
if we're all in this together, that main FEG account should be retweeting every legit SD project. so should all their influencers.
some have said the team can't play favorites, they don't want conflicts of interest, and that's understandable.
but it's clear SOME projects outside of FEG and ROX do get their support.
bottom line: they can't continue to ignore high quality projects, borne of their own ecosystem, and call that "fairness".
here's an update from their blockchain dev, 8 hours ago:
Forwarding message I just released on Telegram here.
— FEGrox (@lifeisdefi) May 17, 2022
I will release more as I can.
I am taking this very seriously. pic.twitter.com/RrTAMEZgWv
FEG telegram update:
https://t.me/fegtoken
just posted in the FEG telegram:
https://t.me/fegtoken
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
https://finance.yahoo.com/news/ethereum-co-founder-says-every-215033542.html
if activist investors proposed a legit deal for LUNA 1.0 right now, to the extent actual whales entered and pushed, it would become the catalyst for a major altcoin rally.
and who knows, maybe most of the big guns are already in and holding, just waiting.
global crypto market in nov 2021 = $3.08 trillion
global crypto market now = $1.29 trillion
$1.79 trillion market cap lost in 6 months
so now it's clear everything is a gamble!
that's why i've still got a few chips on LUNA.
great post, well said. i've often seen these companies left for dead come roaring back to life, simply because the market value was so low, whales with capital saw opportunity.
that's basically what happened to dogecoin before its huge run.
the LUNA name alone has value. for all we know, LUNA 1.0 could pivot into an entirely new entity, and the only excuse they need, is "making LUNA holders whole".
anyone who pulls that off, they get to make a mint -- and look like good guys in the process.
we may drop to .000011 first, but... we'll get that dime.... in due time.
my vote is "penny pirate for CEO of luna 1.0"....
everyone knew shorts were going to attack stablecoins, weeks ago:
With Short Sellers Gunning For Tether, Stablecoins Risk Grows
Posted on April 4, 2022
https://www.pymnts.com/cryptocurrency/2022/with-short-sellers-gunning-for-tether-stablecoins-risk-grows/
_____
we have laws against people burning fiat money in the streets.
but regulators will watch from afar, and allow financial terrorism in crypto, until they (and wall st hedge funds) own it with CBDCs.
what we're seeing right now is an obvious plan to centralize and monetize all digital assets.
if kwon doesn't do the burn, someone else will. if luna 1.0 crashes, that just makes it more likely (cheaper) to accomplish.
the elephant in the room is how this happened (sabotage?), who let it happen, which stablecoins wall st shorts will attack next, and how quickly CBDCs will replace them.
it doesn't matter if weekly and daily charts, 4 hour views, have been posted endlessly for weeks. you'll pick the time i post a 5 minute chart, for school to be in session and lessons to be taught.
so it's not the content of your post so much as the tone, and how it reads in context, with many of your other posts.
we all get that you're the expert.
the impact will be fewer posts in general, as people make sure they're not called out next.
that has a chilling effect on the great conversation you claim you want to have.
this thread is fascinating:
DO KWON INVESTMENTS 🧵
— Cowboy Crypto (@cowboycrypto313) May 13, 2022
Going down a list of 13 different investments from Terra’s Co-Founder and CEO, Do Kwon.
There are numerous names and pieces to this puzzle 🧩 on this thread.
Joe Lubin, Hinman, Coinbase Ventures, Alibaba, Citadel and the rest of the gang. Enjoy!
1/15 pic.twitter.com/HYuKPapEbg
yeah, it's funny how stablecoin algorithms break when wall street starts abusive short selling them and people dump tons of tokens to fuel the fire.
any currency would collapse if it was subjected to coordinated sabotage.
the people doing this want chaos in crypto, so they can come along after they bought the dip and tout US-CBDC traded pairs.
cheers, thanks for the reply.
you should look through my posts at all the monthly, weekly, daily, 4 hour, 1 hour, 30 minute, 15 minute charts i've posted here for the last 17 years before you speak to me like a toddler.
if i'm zoomed in on a 5 minute chart looking for volume to begin, and post that view, why would you assume i only use 5 minute charts.
you are so insulting to everyone.
nothing but arrogance.
here's where any heroes with capital can 1) buy lots of tokens in the open market and 2) recapitalize LUNA, 3) do a big burn then 4) hire a new team.
basically a buyout.
and they can save LUNA holders.
win win for all.
yes, huge money backers of LUNA either have a tax write-off or they can use this vehicle to go in a new direction. what if LUNA can adjust their algorithm to protect against abusive short sellers?
or a new regulatory environment might make Terra LUNA's existing tech safe.
any stablecoin should have these safeguards, after what happened to LUNA.
pancake swap.