Lost $2000 on Luna

GregoryY123

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For the sport. Bought it for 0.9$. who knows... maybe it will bounce back to 15-20$
 

Brickbat1

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Is this the only stable coin really backed with something?

UST was backed with btc and algorithm.

USDT is backed with a printer.
USDT will be the real sledgehammer someday. It will be bloody. Except it's somehow allowed to continue on the premise of "too big to fail" bailout kind of scenario .
 

moonswamp

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have got it back with the crazy contract market!!!
 

resurrects

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Lost more than 30k, at this point Im just holding to see what happens
 

Scorpion Ghost

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Yeah, most with a loss.

Well, yeah, now. Now they're at a loss, because everything's at a loss.

And any fees I incurred for those trades can be considered a loss I guess.

But I never sold anything at a loss. So I never really lost, not yet anyway. And I never will unless a coin I have goes to 0 and goes away.
 

Reelnetwork

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I lost $300 in Luna just today.

See no chances to make additional investments into cryptos anytime soon.
 

terrycody

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Shit never go to the moon, so the name "Luna" somewhat deceptive from the day 1 lol.
 

LuckyGamble

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Well, when squid token dumped 99%, it made a 10x when it hit rock bottom. So it's possible this will become true with luna
 

learningbee

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Lost $2000 on Luna

will buy in when $0.1

sad day!

Do you still believe in the fundamental of this project? If so, this is a golden opportunity to buy more. If not, take your losses in the next recovery when price moves up and exit. I do know much about Luna but in this case, it seems there were under a coordinated attack that causes liquidity issue. This in turns caused a huge gap drop in price. The current situation reminds me of Citigroup many years ago when price dropped to $1. The only difference is that one backed by the US Govt while the other is backed by no official authority.

The fundamental of the project Luna looks to be still in place and founder has not abandon the project. TerraUSD has officially annouce that they will be back by equivalent assets.

Apart from that, I hear some saying that this situation will not happen to collateralized token. Well, this is not exactly true. Since every token listed in the market is subjected to market sentiment. There are ways to attack tokens backed by collaterals as well.
 

slippery_slider

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At this point in time I'm financially euphoric! I might have lost $25k, but look, if I DCA with another $25k I will have 50x the coins I previously had! Catch the black Friday while it lasts! It's just whales manipulating the price to make us sell... HODL!!, tell them solid "NO" by buying more! The crypto algorithms and protocols will soon catch up and pump it way beyond previous ATH! TO THE MOOOON!!!
 
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krishnaverma

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Your entry price is still better, think about those who bought at ATH.
 

Reelnetwork

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And now Luna has been removed by a number of crypto platforms.
 
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