He can't pump 100s of millions a day into BTC forever
So when will Tay Kwondo run out of money?
Ryan Thomas
Leo Barnes
he already did probably
Jacob Stewart
Are you stupid? His name is Do Kwon idiot!!!
Oliver Gonzalez
He has completed 500m of 10b of his buys
Lucas Clark
>He can't pump 100s of millions a day into BTC forever
why not?
Nathaniel Anderson
Just getting warmed up
Benjamin Parker
>he didn't read the whitepaper
Yes he literally can bobo.
Jace Sullivan
twitter.com
we're in for a pullback soon. Terra is not buying all day every like everyone thinks, they're buying on pullbacks and only for a limited amount, they're just artificially creating bulltrend fomo.
Bentley Mitchell
lol they have planned to buy $10b worth of BTC and have like over $40b worth of LUNA in their war chest. They can single handedly pump BTC to $100k if they wanted to. There is a reason why big VC's like 3AC, Alameda, Novogratz, Softbank, Sequioa bought $1b worth of LUNA at a fixed price of $51/LUNA with a 4 year vesting period.
Luis Reyes
i hope so
Jeremiah Ross
a 4 year vesting period in this environment is pretty crazy, thats long term believe
Dominic Allen
I hope they get rugged, the chink should just dump Luna to zero and hoard all the btc he can
Nathaniel Scott
>I hope they get rugged, the chink should just dump Luna to zero and hoard all the btc he can
Yea user, im sure the army of lawyers, MBAs, Math/Physics/CS PhDs working at these hedge funds/VCs never thought of that and just aped in $1b into it.
Ryder Murphy
just imagine
they are more degen than you btw, alameda got rugged for hundreds of millions by MIM
Gabriel Cook
Newfag here, how does this shit even work? Do they just print this shit out of thin air like a FR bank scheme and then buy actually valuable crypto with it?
Grayson Taylor
They have the marketcap and liquidity to do so, so they're just exchanging one coin for another. No scheming required.
Jace Gonzalez
>Newfag here, how does this shit even work?
They burn LUNA and mint UST which is a stablecoin. Then they exchange the UST on the curve pool for other stablecoins like USDT/USDC/DAI and use that to buy BTC with.
Jayden Davis
>an 'artificial' bulltrend because people are only buying the dips
Ayden Powell
artificial macro charting where btc pumping are induced from both leverage that follows/and terra spot buys the vast majority of their btc around 6 am very single day until they decide the price is too high..What do you think will happen when this address
bitinfocharts.com
ceases to buy btc for one week straight after buying every single day, they're essentially deciding the fair value price of btc and the data is on chain. Unlike previously where micro strategy and elon musk kicked off the bull cycles and the data wasn't so widespread known.
Jackson Gonzalez
>big money buying = artificial macro charting
you're in way too deep with the TA buddy
Caleb Thompson
>terra spot buys the vast majority of their btc around 6 am very single day until they decide the price is too high..What do you think will happen when this address
That does explain the 6am pumps I see.
Gabriel Perez
It's basically more elaborate ponzi scheme.
Noah Watson
New anonymous token launched yesterday 9pm est still low mc (160k) 100x potential imo
Brayden Morris
That's not TA, that's just market aggregation. Whales don't buy high unless they're trying to grab liquidity from retail by keeping the price propped up. It's literally the same game they've been playing this entire time.