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i'm riding free, so have every reason to ride this out. good luck, everyone.
even if LUNA isn't restored to its original form, i think it will live on as a crypto project, perhaps even with a mission to provide a rock solid stablecoin.
CZ (binance) is talking a lot lately about backing stablecoins with fiat. what about a combo of cash, treasuries, and material assets?
LUNA could end up worth much more in its 2nd form than ever before.
and it can be valued on the basis of market cap alone, with no need for a specific circulation.
but i hope they burn a bunch of it, fine with me.
SD tokens will get a helluva boost if this LUNA tweet is correct:
Happy burn LUNA 🔥#lunacoin #lunaterra #Lunacrash #LUNAtic pic.twitter.com/dKzZKwmmXq
— alterio.eth (@kingalterio_) May 16, 2022
LUNA burn happening? this tweet is from 45 minutes ago:
Happy burn LUNA 🔥#lunacoin #lunaterra #Lunacrash #LUNAtic pic.twitter.com/dKzZKwmmXq
— alterio.eth (@kingalterio_) May 16, 2022
LUNA token burn happening? this tweet from 45 minutes ago is pretty convincing.
Happy burn LUNA 🔥#lunacoin #lunaterra #Lunacrash #LUNAtic pic.twitter.com/dKzZKwmmXq
— alterio.eth (@kingalterio_) May 16, 2022
big board stocks are for the 50 and over crowd, OTC is for aging masochists.
crypto is favored by a younger population, and business is forward looking.
crypto commissions are global, 24/7, market makers know it.
they see OTC drying up and digital assets, including metaverse, as their new markets.
paradigm shift.
everything you listed was happening for months before crypto ever dipped.
the only difference now is people are taking huge profits out of the longest bull market in US history.
where's that money going?
not all of it can fit in a bank, or mattress. lol
and everyone in government knows a new crypto bull market will do two things:
1. create a wealth effect
2. increase tax revenues
remember the dogecoin run? crypto seems driven by media narratives and if outflows from stock markets move into crypto, the only justification needed for a new crypto bull is "investors are betting on utility and innovation with digital assets".
i've never seen a contraction where some new bubble wasn't being inflated.
here's a thread we created recently, for SmartDeFi tokens:
https://investorshub.advfn.com/Smartdefi-Tokens-41077
now is a good time to accumulate the best of SD. many have market caps < $1M, even < $100K.
fegex launched in mid february.
many of us are position-building in advance of FEG's new USCT stablecoin, big-cap cryptos trading with USCT pairs, FEG's 2FA blockchain wallet, fiat onramping, new staking options, all with a robust marketing push.
and once the whales are all in, they let it rip higher. i think we may be at the very start of the recovery now.
someone always buys the dip!
i saw the same burst of volume across every big cap crypto and non SD token i watch. oh, and except LUNA. figures! lol
kishu, babydoge, ELON. all those look ready.
and who knows what sparked this. maybe a bullish rumor?
more to come, i'm sure.
crypto is here to stay.
meanwhile, FEG and ROX are both trading just fine.
i added back some of my LUNA. chart is gaining momentum again. rumors about LUNA possibly buying their token with BTC for a burn.
i'm adding SD dips but i don't want to push prices up and allow sellers a better exit. they can get rekt on the bottom. then the tokenomics kick in more and i get a better price.
ETH 1500 is where i think crypto recovers.
fiat "powers that be" likely want BTC dead.
who knows how this will all shake out.
lmao...... i've got some of each, but i think your point is solid, GC.
i'm fine to just watch this play out for now on the SD tokens. any selling is just burning BurnIt and FOOK, plus giving huge reflections on FOOK, BabyKrakens and others.
i'm adding dips on some of my bigger altcoins with LUNA profits. still hold a little LUNA but not much.
i think AVAX could be a future market leader, but after LUNA's problems it's clear market cap and popularity/adoption means very little.
pick good entries and stay diversified across the entire crypto complex. hold cash, not stablecoins. that's the best approach.
agree on all that. yes, indeed.
i think this is all media theater to create a crypto dip. wall street is loading up, and once that happens crypto will be in another bull market. jmho.
i also think the stablecoin narrative is really "on the nose" since 1 month ago politicians were touting how important it is to create a US CBDC (central bank digital currency) which would be fiat-backed and can track all spending.
maybe they'll even tax users at the point of purchase or sale?
i guess we'll find out.
yes, crypto is decentralized and LUNA is very volatile, so quotes will be all over the map. the charts i'm using are from FTX.
69/BNB sitting at a $9,330 market cap. now that is tiny!
https://beta.fegex.com/charts/details/bsc/0x1A6199b58D3D762e18F92ac6F7008DbDbaf16feC
already profiting. i see LUNA .0001500 was just hit.
i haven't chatted with AugustaFriends (this board's moderator) yet about smartdefi tech. the best way i can describe it is imagine if you could own a really low float stock where the OS could only shrink and never increase, and it had a rising baseline value. so the longer you owned it, the higher that baseline would go.
BabyKrakens was created with the SmartDeFi template i'm describing: https://smartdefi.com/
anyone, including AugustaFriends or any of our IHUB friends, could create a crypto with this in a few minutes. it has to be done properly, there are mistakes that can be made, but it's easy enough with good coaching, and after reading up in their documentation.
back to BabyKrakens, which has a mere $148K market cap! this is now one of my favorite SD tokens. the "reflections" are enormous. a 25% tax on buys/sells puts tokens into each wallet, distributed according to the % of total circulation each holder (wallet) owns. and it's frictionless, meaning no money is lost to fees in the smart contract.
live trading, charting, on fegex, it's purchased with binance coin (BNB) and a software wallet:
https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
IHUB rules allow a post to 3 general boards, but a 4th post of the same thing is considered spam. change the post up considerably and you can post it 3 places, and so on.
here's our SD tokens chat:
https://investorshub.advfn.com/Smartdefi-Tokens-41077
and 2 others that are pretty busy:
https://investorshub.advfn.com/Micro-Alt-Cryptoslets-Lose-Some-Zerosall-Crypto-All-The-Time-40789
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168842078
for future reference, there are other general crypto boards:
https://investorshub.advfn.com/Sthe-Cryptocurrency-Forum-26758
https://investorshub.advfn.com/Orions-Crypto-Paradise-40437
keep in mind SD tokens may do better if you include explanations of how reflections work, how to buy on fegex, show a chart with a rising baseline value, etc.
agree, EB -- i added the dip on ELON.