THEY ARE BURNING LUNA THEY ARE BURNING LUNA SUPPLY IS HAPPENING FAGGOTS
THEY ARE BURNING LUNA THEY ARE BURNING LUNA SUPPLY IS HAPPENING FAGGOTS
Is this a good time to buy?
Don't buy it, it's going to zero, all the binance exchanges are de-listing it.
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>THEY ARE BURNING LUNA
burning imaginary money does not count manolo
Piero suck my dick. burning is happening this is going to at least 0.1 faggot
Wouldn't burning it increase it's value? Also, take this shit to biz
Fundula safu.
at zero.
I never heard of Luna till it started crashing.
no one wants it, they want an actual imaginary coin like ICP
someone explain like i'm retarded,
Meanwhile, “Ape Coin” is up 35%. Nice work, zoomer morons.
Blackrock is gobbling up all the cryptos
it means they are taking piles of luna somewhere and setting fire to it
The absolute state
It’s just another cryptocurrency ponzi scheme.
in order to trade crypto you can't use your money directly, you buy into a "stablecoin" which is supposed to be pegged to the dollar or something, so you can then trade on that lightning fast with no banking regulations or pesky laws in the way
but the downside is the stablecoins themselves are a scam, they can only back the average high trading day in cash, any time there is a huge demand they all go offline because they don't have enough cash on hand to satisfy the payouts they have to make as people take profits
They are all imaginary. Burning coins decreases supply, which should have the opposite effect of what OP is claiming
Neither have I but there are so many shitcoins around it's hard to keep track
They're going for a double-rug. I admire their greed.
they are all shitcoins
You mean all those Redditors killed themselves for no reason?
Nope wrong you can trade usd
>THEY ARE BURNING LUNA THEY ARE BURNING LUNA
not really, it "insta" converts to usdt
Why did it crash? What was the cause?
does anyone want to buy my bingus tokens?
nigger it lost 99.99% of it's value, it's dead
New cryptocoins can buy processing time since their blockchains have turing complete feature sets and so someone figured out how to use one coin to mine luna and this created too much supply until everyone got spooked and figured out the nature of the problem.
This could happen to other thinly traded altcoins.
Then why would they need to burn tokens? I stopped keeping up with crypto a couple of years ago, so I don't know anything about Luna
they minted 7 trillion luna
it's dead and stinking
Too much supply and not enough buyers.
Whales exited which caused other whales to exit.
youtube.com
Based horsefucker
So, it's like inflation. There is so much crypto currency printed it's worthless.
It reminds me seeing Zimbabe barrels of cash just to buy a loaf of bread.