You do know that 1 cent is a 66% loss off your investment right? Or zero cents, which is actually what it’s worth, is 100% loss
-97.37% in a day and -99.97% in a week is wild for any asset. Sucks for anyone heavily invested in it. Curious who profited off of it.
I believed the 90% of NFT and DeFi projects failing talk but I don't think anyone in crypto called Luna as the downfall Stopped buying new NFT projects around September Have plenty of "rugged" and failed projects sitting in my wallet that won't sell at 0. Was bailed out by airdrops in Nov, Dec, Jan Still doing alright with staking and farming returns even with the crash. Hiring 5 new recruiters for a web3 company by end of the month to start scaling. It's barely been a year since I bought my first NFT out of topshot, and I started somewhere with around 2-2.5 ETH. I was incredibly bored and burnt out with my job traveling solo during covid a year ago. ThisIsFine.jpeg
There was that thread a few pages ago where someone in 2021 showed how it would be manipulated by a billionaire but that's it Someone who already had too much money
There were tons of people calling Luna a ponzi and that it would implode. They just don’t live in your NFT spaces.
Again I didn’t think the Luna fallout would have as big of an impact on btc or eth. Or be what caused these defi and alt coins to take another nosedive. I was long on defi projects far before this whole nft thing got exaggerated.
Depends if you think NFTs will bounce back, which I don't I based all my crypto trades on momentum, not logic or reasons though
Eth is a good buy right now. Probably due for another dip. And I wouldn’t be buying an NFT today either. The projects with volume are still priced for the rich to get richer. Developers are still 2-3 quarters out from any new deliverables. Great time to stake or farm once gas settles down tho
Idk. If history is any indication, buy during the long period after everyone has written it off completely as a failed experiment. Plus, the macro environment is horrible. Not saying there won’t be swings, but it’s hard to fathom serious people dumping enough money into the space to make peasants anything substantial until the wealthy start eyeballing growth stocks instead of old missile silos for hideouts as a place to put their money
If you can stomach vol, you'll probably look back at 2025 and say wow what a great entry but I'm on the sidelines for a little while and would advise patience with a possible looming recession on the horizon
Everyone thinks they can time the bottom. They can’t. If you believe in eth long term, then just dollar cost average into it. 60% off all time highs in anything you believe in long term is a good time to buy.
Dumb question, but when you sell on an exchange -- Coinbase, Binance, etc. -- is it the exchange that's purchasing the cryptocurrency? Or is it like the NYSE where they're basically just the middleman in facilitating private to private transactions? If the former, can these exchanges just stop buying LUNA so that everyone else is left holding the bag?
Really happy I jumped off the bandwagon prior to seeing Brianna’s post I don’t like unions either but my coworkers at parler will hate this
it's interesting that two of the most prominent crypto posters on here had issues with women coming to the board after dating them
It’s so hilarious that you believe this. 1. Lol it won’t be a bloodbath. 2. I’ll blame myself and literally no one else.
*issues with men who posted about women. Never had a single girl show up here. But don’t let facts ruin your narrative
Twitter opinion threads no matter the subject are cringe. But tHe FaCT tHAT it showed up on his twitter algorithm or feeling the urge to post this twice is utterly hilarious. At least she has the blue check until we storm Twitter and web3 their verification process!
Well yes because crypto is basically an even worse ideology around capitalism, like 1800s wild west capitalism.
1.2 billion people live under double digit inflation. Your position is pro-bank, pro-oppression, and anti-property rights.