Crypto carnage

top KEK

qrd on why it crashed?

you either have eyes to see or you don't

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It was some intermingled "smart contract" mess with their stablecoin counterpart UST which was a 20% APY ponzi scam that collapsed, causing endless Terra coin Printing. They went from 330M supply to 6.5 Trillion in like 2 days, they actually shut it down now to stop the endless printing.
Basically weimar hyperinflation in crypto form

It's crypto. It will always crash

>qrd on why it crashed?

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Oh no...this is bad....

TerraUSD is one of the most reputable stable coins....

Jews

OMG IT'S HALF A PENNY NOW LOL HAHAHA

the jews used their financial blood magic to curse a rival currency

Cmon Luna fags, sack up and give us some loss porn, its the rules. Kys later if you must, though I generally advise against.
Lol did they get hosed.

i warned them. but it is too late. some people will have to lose money to understand.

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>luna.com/services/refunds

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It’s a bunch of 1’s and 0’s on a server and the criminal organizations who used it for money laundering are moving on to new schemes

Why is everything else crashing tho?

microbreweries?

checked. its all putin's fault, don't you read the news?

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What the fuck is even the point of a stablecoin?
Doesn't moon, inflates at tthe the rate as cash and can't be used to buy drugs.
Why buy a shitcoin that can literally only go down??

>qrd on why it crashed?

Market manipulation attack

Kek

>What the fuck is even the point of a stablecoin?

It's used as an intermediary currency in other various financial tricks. It's not something you "invest" in, obviously.

If you bought at 835 and sold at 930 you could have tripled your money. that isn't financial planning; it is gambling.

>Anyone who bought yesterday, and there were alot
apparently there were not enough

I just pulled my shotgun out of my anus, was about to pull the trigger but now I can get my wife and house back and I owe it all to you, thanks so much user

>It was some intermingled "smart contract" mess with their stablecoin counterpart UST which was a 20% APY ponzi scam that collapsed, causing endless Terra coin Printing
kek, this is pretty funny

They are crashing this market with no survivors.

Because cbdcs and official crypto laws are coming. Regulators need a justification to come into the crypto markets and regulate. Privately owned stablecoins and a CBDC cannot coexist. These stablecoins were always the biggest trojan horse in the crypto markets. UST was a open scam and an entity managed to coordinate an attack to depeg the token. But the biggest scam out there is still USDT. Once that shit pops its going to be the end of the current bitcoin dominated era. Regulators will probably make an institution similar to the SEC to oversee blockchain technology development distribution and custody.

What I'm saying here is all part of the XRP schizos lore. They have got everything right so far except for the price of their token. That being said, the real utility of their token is to move money between cbdcs. And its one of the reason why the project is so hated and is said to be a banker coin. Because its utility goes against the very ethos of the current crypto markets and why bitcoin was created in the first place. They have also been in a judicial battle with the SEC for what, two years now.

It was the jews

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Trips of truth

I fucking told you.

>crypto can be generated like tulip bulbs. The price will reflect this.

post this on reddit

BASED NOW I CAN BUY MORE FUNKO POPS

>tfw sold half my luna last month from putting in $50 last year and was able to fund my new veggie gardens

Food is the best investment

always has been

Are you implying is should out Jew the Jews and buy whatever amount of Luna a measley 20 bucks will get me and use my Magicka to have the price moon?

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Huhuhu awww another crypto crash. So sad

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How can you even beat them tho? This is ingenious.

So the real question is will the same shit happen with bitcoin and tether?

>IMPLYING BUTTCOIN ISNT GOING TO 0

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Nice!! Im going to take that vacation now.

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Hmm it's almost like having a totally unregulated market like crypto is a bad thing. Who woulda thought.

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I bought in at 0.002 and it's down 99%
I only threw $2 at it for the meme though

buy the dip?

Because none of them are actually worth anything to anyone in reality would be my guess.

Citadel and BlackCock fuckery

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It's a true capitalism environment, literal nobodies have gotten rich in there. I made let's say a lot from a $100 investment on shitcoins.

yes!!!!

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Gimme the big enchilada on this. What happened with scamcoin of the month?

t. out of the loop

>captcha: VAJDK

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I hope it goes to fucking zero so you faggots start finaly killing eacht other.

Ahit tier nation

Jewish tricks as always.

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Found the GME bagholder

What if it goes back up though? You could buy 100 000 of these for $10 USD, even if it only went back up to $1 each you would still make a ton of money.

Do it. Try your luck. Or you could get 5 large double doubles and have something

I'm just saying. Even if you lose out, you're only out $10 which buys you less and less every day anyway.

Theres no way. Ships already been abandoned.

Exactly which is how the shitcoin scam tricks millions of people into giving a few bucks to make one or two jews richer.

Take the advice and abandon the shit coin and get out while you can. The fed can manipulate paper. Imagine what they can do to digital currency with a simple line of code.

best bobo

15th May
"How to watch this week's rare "super flower blood moon" total lunar eclipse"
Sacrifice has been made.
cbsnews.com/news/total-lunar-eclipse-may-15-how-to-watch-rare-super-flower-blood-moon/

>even if it only went back up to $1 each
that won't happen
best case scenario it regains a couple of zeroes. I'm gambling with some cash I had on cuckbase that I got from flipping another shitcoin but it's only $300. I'd rather not lose it but it also won't hurt much if I do.

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Did we shift timelines? I remember blood moons were supposed to be ultra-rare events but it seems like we get multiple ones every year now.

thx frn

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I don’t even understand this. GME had fallen and shot up multiple times. If you had bout in at $80~ a couple monyhs ago, you woul’ve EASY made money and sold at $150~. If you wanted to hold shares for some miracle short squeeze, you’d at least have 40-50% more money to buy in on the dip.

>OMG IT'S HALF A PENNY NOW LOL HAHAHA
wut?

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Buy the dip lol

Not funny. I lost everything. It's fucking over bros...

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Okay so at 11:15 pm I bought WLUNA, (wrapped LUNA), whatever the fuck that is. For $100 I received 903,000 WLUNA.
they were $0.00011 each

At 1:00 am I sold them for $2,437.17, or $0.0028 each.

a hundredth of a penny

My rage towards Jewish bankers will never diminish

> Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

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Jews. Not even shitting you.

Blackrock jews specifically.

Okay now we need this to happen but with all western currencies. I want one oz of my silver to sell for 5 trillion american/canadian dollars

If it wasn't a yuge bother to set up all that crypto stuff I'd throw $5 at it.

lack of network reversion capability

>tfw can't just revert entire network back a day or two in time
>tell everyone to re-send the transactions goyim sorry
>fix bug in the meantime, have semi-functional blockchain again in a couple days

honestly redditors deserved to be sacrificed like the cattle they are.

This piece of shit can and will -99% an unlimited amount of times. There are infinite decimals between $1 and $0. This has happened with every algorithmic stable scam in the past and each had oceans of retards getting burned trying to slurp dying garbage.

Time to buy the dip. To the moon

Time to buy, fools. This will 1000x

Have there been any livestreamed heros from biz yet?

Know a guy that had 80k luna. I'm gonna throw in 20 bucks and have more than him lol.

damn dude you should buy some zimbabwae dollars to see if they go back up too

Who gives a shit about these particular cryptos? It's Bitcoin and Ethereum that actually matter. Maybe some day XMR .

never change Any Forums

>is
was

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99% of currency is already digital and can be made fully digital at the swipe of a politicians pen telling the Treasury to stop printing physical cash.

Whale gulped the whole pond.
>with borrowed ones and zeros
biggest of oofs

transaction fee multiplier

>People killed themselves because of luna
>On friday the 13th
spooky

xmr is really the only crypto that has ever mattered since like 2015

Just borrow $3 billion and you can crash "little" markets too user

So an incredibly rapid expansion of the number in circulation? Why was that number allowed to increase so rapidly?

Lol eat fucking shit you stupid niggers

Yeah, it just lacks volume, price, and network. It'll be a while until it elbows the competition.

This is a retarded statement from a retarded flag.

Don't mourn it. It was a terribly stupid idea to begin with.
Peg to jewish currency, get jewed by jewish tricks.

looks like a good time to buy

its at 4 cents now, so yes. Coulda made a lick.

Looks like a couple bought that dip hoping for it to spring back. Kek.

Cool math bro

literally free money

KEK

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:(

Jews.

I posted this in another LUNA thread. I know it sucks, but be strong. Life goes on.

How is this genius?

i put in 10$ at 0.0001
if it goes back to 1$, i make money, if not I lost 6 tacos at taco bell

retard, the mcap would be 6.7 trillion at $1, even 1 cent isn't possible. You could of just ripped that $10 up and be more satisfied.

Short selling: if you own shares never let anyone borrow them, if trading on a margin.

poocode accidentally turn on the pinter to the moon now. Supply/demand follows.

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Nice, I might gamble on this myself.

>Buying crypto instead of guns, food, metals, and bullets.

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Those are times not prices you stupid fucking big eared gray skinned bug eyed Amerindian mutt piece of dog shit.

It's dumping again, hope you retards sold!

How low is it going to go?

99.999% of digital coins have no real use case today and no realistic use cases the next 5 years or more. Nearly every single one exept Btc and Eth shoul have a market cap under 1 mil USD and soon they will.

Ultimately price is dictaded by use, investment bubbles can overcome it for a year or three but the market WILL correct it eventuallt.

Got the info, dumpped before the crash, made almost a mil for the long run, not bad...

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People warned that something like this could happen months ago, but greed, complacency, and stupidity won out as always. I really don't have much sympathy for anyone who lost big on this.

Once again, the conservative sandwich-heavy portfolio pays off for the hungry investor.

Ahem. Crypto…is recovering.
Things aren’t so bad all of a sudden. There was shitoon of possibility where I just looked. I am doing okay, also my usual intermediary is coming back.
Happy days.
See, it wasn’t the end of the world. I’m sorry about Luny but why did people carry on pulling the price down - it’s not the weather setting the price it’s crypto. We do it. So WTF is it that which causes it to zero out?
The drama quen’s will try to make it last forever but find that they are left behind. What you all should be asking is what happened. Where has the money gone. Why. Why would you do that, pull that price down? Why did you not stop?
I was blaming Q boomers but i realised what was going down this weekend. This is a buy in. An establishment pre buy in crash. But the crash isn’t caused by the dollar or out of the ether or even the magic of muh quantum that the boomers believe in it is set via trade.
Pic is from yesterday.

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I'm surprised not a single person here has actually explained what happened. Basically "Terra Luna" was supposed to be a system for creating an "algorithmic stablecoin" pegged to $1 (as opposed to a stablecoin backed from deposits in a company that you have to put trust in). The idea was that you use an on-chain burning and minting function + game theory to maintain the peg. On one hand you have UST(stablecoin) and on the other you have "Luna" coin which can be any price. The peg "works" because if the peg wanders and the burn/mint value is fixed at $1, you allow people to make money on arbitrage between the market price vs. the burn/mint price. But this can only maintain IF you have people on both sides (both UST and Luna) confident that they can re-peg it.

Now imagine you have nothing but sell orders for both UST and Luna due to a panic and the peg destabilizes slightly. Some people will try to "re-peg" the coin with Luna but if it's clear that the peg can't be reestablished then you get the algorithm to start minting increasing larger amounts of Luna to try and force a re-peg, which increases supply of Luna and lowers price, causing further panic/selling , which causes a hyperinflationary death spiral as the algorithm tries desperately to defend the peg. The "solution" to this hypothetical (now real) problem was that the CEO pledged 10 billion dollars in Bitcoin to start buying UST (in place of minting Luna) to try and "manually" re-peg it in the case of a market panic. This is what they tried but the panic was so strong you had a 50 billion dollar project death spiral into nothing in 3 days.

Also, Bitcoin and Monero are the only cryptocurrencies with actual value. Everything else is tulips.

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Another -99%, going by what the pattern has been.

Normally, I would really try to wrap my head around how something like this works, but in this case, I can just look at the outcome to see the answer is "it fucking doesn't." Yep, I guess you could say I'm on the extreme end of the bell-curve.

>+ game theory
LOL that's a cute way of saying ultimately a human has to push the right button or it doesn't work.

Continue dropping to increasingly infinitesimal numbers until it's pulled from every exchange and effectively becomes truly worthless.

You set the price by agreeing it. The algorithm shouldn’t fall down on it’s own in one day for no reason. Falling volume and low bids. Or just low bids will do it.
Seems a little extreme. To drop so far. Sabotage then? Stupidity? Hysteria?

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HAHAHAHAHAHAHAHAHAHA

I've been investing solely in ETH. I've cashed out tens of thousands of crypto into USD, and I've never lost a single fucking penny of my crypto investments. Every trade I made, I made bank, and I cashed it into USD. At the same time, I wouldn't recommend crypto for normies. I have a graduate degree in computer science from an elite university, so I think I know more than most about how crypto works.

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It "works" provided you have somewhat balanced order books and market participants willing to burn/mint their way back to maintaining the peg and picketing the difference (a form of arbitrage). Smart people have been warning people to stay away from Luna and UST precisely because this is a known danger with uncollateralized algorithmic stablecoins. Unfortunately the price action of Luna was very good so retards ignored all the people clearly explaining to them the dangers and the project ballooned into a 50 billion dollar behemoth.

I dislike stablecoins to begin with but the only one that even remotely sounds safe is DAI as they require over-collateralization to be minted coins (e.g. you must deposit $120 of ETH to be given $100 of DAI). This safety-first approach seems like the only reasonable/safe method of creating a stablecoin, but unsurprisingly DAI has a relatively low market cap as most people balk at having to over-collateralize on a loan/mint.

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the extreme end of the exact middle, yeah

>make cryptards kill themselves
Pretty genius to me

>tells us to buy metal 3 times

Absolutely glorious. Getting what they deserve, shit was going off the rails for awhile there. Retards who laughed at me for getting into Bitcoin years ago suddenly buying monkey jpegs calling me a technological laggard despite them never running a node once in their life?
Fucking kek, too much air in this bubble.

Don’t worry - Ufo disclosure soon
Hang in there - you don’t want to miss it

>hey went from 330M supply to 6.5 Trillion in like 2 days
Heh, thank god the U$D isn't like that...

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I hadn’t even heard of this crap until yesterday but every chart I see for it has elicited completely spontaneous laughter. I know intellectually that probably a lot of people got burned on it but as a no-coiner I just can’t help but laugh about it. This is exactly why I didn’t get involved.

mmmmmmmm so many shekels..........aaaaaaaaaaaaaaaaaaaaaa

The code is law.

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infowars.com/posts/suicide-threats-spike-on-reddit-after-crypto-crash/
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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Ha! So this is what the media meant. I had wondered what the absolute fuck they were talking about and called them every cocksucker under the sun (they are)
>weak dollar causing crypto’s pegged to the dollar to crash
Was their shit. I was looking at dollar-coin and believe me you’d hear me scream wherever you might be if dollarcoin crashed and looking at it’s ports. Flares pre launch DC port called slx lost 95% of it’s value but as i was saying last night, it’s pre launch it’s not really crashing is it.
I don’t know luna. I’ll read your post again when i get up. Very tired here.
Anyway goodnight /pol.
Pic: my nightmares

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100,000 of what? You're fucking retarded. 100,000 of nothing isn't supposed to be a high amount like you make it sound.

Any Forums is pretty epic rn
my personal favorite is this thread

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Buy high, sell low.

>crypto is dead for sure this time not like the other 3 times it crashed then reached new highs

>My sandwich! Has it also appreciated in value?

Thanks user, going to request it just after I request the Pfizer refund

Question: is it worth buying now ?! Will it go up to same price again ?!

Bitcoin's only value is its ability to transfer itself form one curreny to another. It's basically digital gold that you can't hide under your mattress

why is this babby's first rugpull giving so many nocoiners a hardon?
shitcoins like this pull rugs on a weekly basis
but this one in particular is all over Any Forums for some reason

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>Question: is it worth buying now ?! Will it go up to same price again ?!
The algorithm printed several trillion new tokens, it would need a market cap the size of the entire world economy to get even to $1 again.

Don't ever buy shit on the basis of it going down a lot.

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Explain the bitcoin and monero thing please. I've been reading about coins that use proof of stake and thought this broke the original purpose of crypto makeing them worthless. But all of them except Bitcoin and Monero?

if your system can be jewed in such a way, it's a shit system to begin with

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Holy fucking shit LOL

Jews.
Anything and everything evil in the world has only one answer.

>Also, Bitcoin and Monero are the only cryptocurrencies with actual value. Everything else is tulips.

because they’re accepted on the black market, they really are the only cryptos actually being used for real payments

no, the fundamental structure of terra (completely different from, say, btc) set it up so that a collapse/run like this was more or less inevitable, and it can't really be recovered from

Bitcoin and Monero are the only coins that have great product-market fit and no serious competition. The only competition they do have is either pre-mined or redundant and has no particular reason to exist. At work so can't type much, but Monero and Bitcoin are both proof of work, whereas basically all new colors and are proof of stake because it's trendy.

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Code is law honey. Working as intended

bro that shit smashed me. i lost like 10k. had it in a soft wallet. went to a mates house, had a few drinky-poos, went home, passed out, woke up 10k poorer. i didn't have that much in it but still that's what i get tbf. there were a bunch of warning alerts i slept through so its entirely my own fault

>Hmm it's almost like having a totally unregulated market like crypto is a bad thing.
The world would be a better place if everyone knew that everybody is a scammer, more adversarial thinking needs to be present, and if the price to get it is retards getting rekt then so be it.

they literally do it with fiat stocks

Kek website is nxdomain now. Glad I only bought 0.5 of this shit.

I always go there during any crypto drama solely to count the number of pink Wojaks in the catalog.

Thank you for answering. I believe anything that isn't proof of work is tulips.

you mean the jews stopped artificially overinflating it and more goyim are poorer now than they would have been?

So the fed doesn't want anyone else but them to be the ultimate rug pullers for all markets, including crypto. Our Jewish overlords are so smart!

>lost everything
If money in your life is everything to you, you lost it for a reason. Stop worshipping the real jewish god.

>Goycoins
Did I read that right?

It's been a decade since a ninja gaiden game was last released.

It was algorithmic. Ask the pajeet who coded the coin

no refunds

AwwwasaaasasJJKKBNHJOOLOOOOKKKKKKKOOOOUFREEEEEEEEEEEEE

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It's got something to do with how it got depegged from the dollar. Someone correct me if I'm wrong but my understanding is that it's written in the coding that whenever terra becomes depegged from the USD then more Luna will be created in order to increase the price back to $1 USD. I'm a midwit on crypto and stopped researching and became blackpilled after hodling an ADA bag for 5 years and seeing the crypto scam for what it really is (Jewish manipulation, especially in 2022 it's just market makers/institutional players up to their usual tricks).

Fuck, you mean I'm gonna lose the whole 30 dollars I invested yesterday?

Yes, exactly, there wasn’t any proof that would have worked, and goes against any economical principles, but it was exactly like that

inb4 the fed prints too: USA might power is based on their army

NGMI

>It's fucking over
Now that's funny! This ride has just begun goy.

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I'm assuming that's some saudi prince playing with his monthly allowance and losing all of it means literally nothing to him.

Based

Remember to HODL lol

Cryptards fucking deserve what they get

men kill themselves.
Women and redditors threaten.

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I think this is the support for a UST stable coin and is minted if UST price starts falling

>allowance
>billions
Probably suicided right now

Sounds like cope

good job user

>I earned 2k
Someone got fucked by the exact same amount

I'm just here to foam over that Chevelle SS.
That's the kind of roadboat i want to have, even if completely impractical and unaffordable

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Buy low.

>I'm just here to foam over that Chevelle SS.
I think that's a 1970 Nova, not a Chevelle
t. had a 1970 Chevelle in high school

That’s correct, literally all of them since miners are the only people with interest in the stability of the system
, but there are also proof of works that are tulips

checked and yes you did

Correct, it's a Nova. Not usually a fan of them but that one in particular is just stunning.

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Whatever youre doing guys, stop and start reading here

reddit.com/r/terraluna/

Im literally hard

>using reddit
>making me install the app

No thanks faggot.

No intrinsic value, like all other shitcoins.

>women and redditors
all redditors are women, especially the men

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Coinbase BTFO

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FUNDS ARE SAEFU

>if the company goes under, your funds are gone
>but don't worry, your funds are safe

lmao

>funds

lol the crypto "exchanges" are making a killing off u dumbasses

With a stick while they sleep?

looking at OP's chart there was plenty of warning to get off the stupid train.

post this everywhere. God bless you user

No need to worry, user. At the rate it's crashing, they won't be able to afford the rope to hang themselves.

tempted to throw a hundred bucks at it just to see what will happen. either i lose little of concern to me or make a potential fortune. feel like luna was the sacrificial lamb this market overreaction

Bought $50 worth at the bottom last night. 3 hours later those 50 had turned into 200-250. Went to bed and woke up 3 hours later and it was worth 0.1 dollar lol.

What a ride.

i dont think you can buy it from anywhere at the moment

I think it's halted on Binance but people are saying you can still buy on Kucoin and Coinbase. There's this awesome gook currently walking around their old offices in Korea in a thread in Any Forums right now which is making for a sweet thread.

Nice magic they’ve got there, be a shame if someone pic rel

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