Who else had Luna?

xtsho

Well-Known Member
I had none. But it sure sucks for a bunch of people that were completely wiped out. Go to sleep a millionaire and wake up without enough money to buy a cup of coffee. Crazy.

I mined all my crypto years ago and have never spent a single dime to purchase any. Except for the mining gear and electricity which was well worth the cost at the time.

Pegged to TerraUSD by an algorithm and not backed by any real assets. It's not something I would have invested in. Most of these coin/tokens/platforms are just complex ponzi schemes to begin with. In LUNA's case some savvy players exploited a known weakness and walked away with bags of money while everyone else was left holding the bag. I've watched plenty of cryptocurrencies crash and burn over the years but the scale of this failure is epic.

I have friends that know I've been in crypto for years and have done quite well with it. They hear this or that about NFT this token that. Then they ask me for advice about investing in crypto and the first thing I tell them is that my advice is to keep your money in the bank.

This is going to have a negative effect on the entire crypto ecosystem as many will decide to get out of crypto entirely after seeing the LUNA meltdown. Many shouldn't be investing in such risky investments to begin with.

The value of my crypto holdings has taken a hit like everyone else but since I never actually purchased any with actual money I'm out nothing. Most of my holdings are in BTC, ETH, and LTC and that's the way it's going to stay.

I've thought about trading on the exchanges again but with so much recent volatility it's too easy to get caught with your pants down around your ankles. I don't need the stress.
 
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xtsho

Well-Known Member
2:45 pm PDT

As of right now the value of $1,000,000 worth of LUNA a week ago is now about $1.15.
 

TrichDaddy

Well-Known Member
2:45 pm PDT

As of right now the value of $1,000,000 worth of LUNA a week ago is now about $1.15.
Just looked at the Luna chart for Binance and the hilarious thing is that if you'd taken a risk yesterday and bought it right at the bottom, you'd now be at over 10,000% profit, lol. Gotta love crypto.
 
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