Topic: Does all the money from luna have to go somewhere? (Read 324 times)
I received Terra Classic and Airdrop from Terra in Binance, if I see a discussion in many exchanges, I am still optimistic that Terra will soon rise again, they say they are waiting for the right time to return, and the thing that makes us optimistic is that they save large numbers bitcoin So they can immediately switch to Terra.
In bear markets generally the market caps are always overinflated. And the opposite is true in bull markets. For a mid cap coin, it doesn’t take much sell pressure to decrease the market cap by 10-20%.
In bull markets it’s different. Usually dips are buying opportunities and it’s difficult to bring down the market cap too much. Markets are more liquid and harder to move. Now it’s the opposite.
In bull markets it’s different. Usually dips are buying opportunities and it’s difficult to bring down the market cap too much. Markets are more liquid and harder to move. Now it’s the opposite.
Considering $10-20bn in liquid assets might've had to be reassigned quickly and a lot of people who understood the fundamentals of luna probably converted their ust and sold each for a dollar (and dumped their luna too) - but I'm not sure if this actually happened much or how much ust there were before the crash.
You're mistaken about one thing.
You assume that there were 20 billion behind Luna when there weren't, the price tag on them was 3.5 billion but ended with just 80k BTC BTC being liquidated between 40k and 30k, so far less than that. Second, there was no money in LUNA, the money invested that crated that artificial market cap was not in the pockets of the holders of LUNA, they went in the pockets of the ones selling the coins!
Just as when you buy a car worth 50k, the money is not in the truck of your car but is in the pocket of the dealer.
So, the amount of money that was actually taken out of LUNA (by tricking some morons to pour cash into this scheme) might be far, far less than that and it might be in the range of a few tens or best case scenario hundred of millions.
Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.
The price on the 9th was 1$, 6 days later it was less than 20 cents, most of the UST was held in Anchor by investors, and most of those didn't even have the time to react or a way to get out of this and exchange for any other coins, remember that UST was sold by Terra to finance their Bitcoin buying plan, so again, highly likely that there are millions of USDT that are still being held by their owners who just see 1$ drop to 1 cent, no value was carried over whatsoever.
That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.
But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe one day the price of bitcoin will give them back profits and they will not leave bitcoin.
The market that has not been stable as it is now makes us safer if you move to a stable coin, with a large investment, of course it is very risky to invest in cryptocurrencies today, but for small investors, now is the best time to buy, prices are in low position, We can get opportunities for big profits if we dare to take risks by immediately buying.
This is maybe due to the past incidents happen to the market and traders are just recovering from those incidents happen for the past few months and I think we should better trade short than storing our funds on stable coins because we don't know what will happen and its to bad for us if we miss some opportunities if we let our money sleep with those coins in our wallets. But before we get those big profits we should feel how the market works at the moment since if we see greenlight that will occur then maybe its good for us to buy and accumulate some huge profits later on.
That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.
But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe one day the price of bitcoin will give them back profits and they will not leave bitcoin.
The market that has not been stable as it is now makes us safer if you move to a stable coin, with a large investment, of course it is very risky to invest in cryptocurrencies today, but for small investors, now is the best time to buy, prices are in low position, We can get opportunities for big profits if we dare to take risks by immediately buying.
That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.
But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe one day the price of bitcoin will give them back profits and they will not leave bitcoin.
That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.
This might be good news, because a big portion of those stablecoins might get converted back to BTC, when the bloodbath is over and the market goes into another bull run.
If this was in 2016-2018 I'd agree, but we already have USDC and USDT. The only reason they'd convert to BTC is if they think that it would go up, in which they'd already be holding BTC if they actually think that.I hear rumors that Tether might cause next big cryptocurrency price crash, but this might be just some FUDsters trying to spread panic.
People have been saying this since like 2017 if I remember correctly.Marketcaps are not a good methods to measure how much money actually got moved. It should be possible to pull the data on all the transactions and their value to know exactly how much money was moved out of Luna, especially if it happened on-chain and not centralized exchanges, because the latter probably don't keep their logs publicly available for many days.
what i am wondering here is that the team is claiming that they haven't benefited from this crash? then who? those large holders? but how did they know that it was time to cash out and buy another stablecoin or alt? i have the feeling that there's inside job in this situation. a large amount of money got liquidated for few days and nobody knows anything? that's bs! and now, do kwon is trying to save his face by introducing their luna 2.0? i hope people are not dumb enough to fall for another crap.
The above holder apparently sold enough for the stablecoin to fall below its $1 peg, and eventually, confidence in the stablecoin was lost, and the price of luna fell through the floor.
I hear rumors that Tether might cause next big cryptocurrency price crash, but this might be just some FUDsters trying to spread panic.
Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.
But you can see that the current sales volume is decreasing again, even there are only around 338 million left and this is a sign that UST has a very big impact due to the problems that Luna is experiencing.
I hope everything gets better soon
I hear rumors that Tether might cause next big cryptocurrency price crash, but this might be just some FUDsters trying to spread panic.
All shitcoins are going to fail at some point, one after another and Tether is not an exception to this rule. The more centralized and useless they are the higher the chance of failure. But nobody can predict when they are going to fail just like they couldn't predict Luna's failure date only that it will fail.
Luna has a lot of conspiracy behind it. After the fact many people came out and said they knew it was going to fail, basically they all said that in hindsight.
There is fud in every coin pretty much even today. Eventually some of those fud will turn out to be true and people will start bragging that they were right from the beginning.
There is fud in every coin pretty much even today. Eventually some of those fud will turn out to be true and people will start bragging that they were right from the beginning.
I'm wondering if the money that might've been used to dca or diversify into luna from some crypto investors have already noticeably been put into other coins and had an impact on them.
Considering $10-20bn in liquid assets might've had to be reassigned quickly and a lot of people who understood the fundamentals of luna probably converted their ust and sold each for a dollar (and dumped their luna too) - but I'm not sure if this actually happened much or how much ust there were before the crash.
what happened to LUNA I suspect there is a scenario behind it...Considering $10-20bn in liquid assets might've had to be reassigned quickly and a lot of people who understood the fundamentals of luna probably converted their ust and sold each for a dollar (and dumped their luna too) - but I'm not sure if this actually happened much or how much ust there were before the crash.
I also think that is it a technical fault for the crash that occurred in LUNA? maybe this was carefully planned a long time ago! Terra (Luna) has done a rebranding, it looks like they are planning to do this again, hopefully binance doesn't list this token.
In my opinion, between large investors and Luna coin owners, their contracts have been cancelled, so investors' funds that are already in liquidity should be transferred to other, more secure and stable coins. many small investors and amateurs who suffered losses due to disputes that occurred so that this case was considered a deliberate accident.
This might be good news, because a big portion of those stablecoins might get converted back to BTC, when the bloodbath is over and the market goes into another bull run.
If this was in 2016-2018 I'd agree, but we already have USDC and USDT. The only reason they'd convert to BTC is if they think that it would go up, in which they'd already be holding BTC if they actually think that.So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
This might be good news, because a big portion of those stablecoins might get converted back to BTC, when the bloodbath is over and the market goes into another bull run.
If this was in 2016-2018 I'd agree, but we already have USDC and USDT. The only reason they'd convert to BTC is if they think that it would go up, in which they'd already be holding BTC if they actually think that.I hear rumors that Tether might cause next big cryptocurrency price crash, but this might be just some FUDsters trying to spread panic.
People have been saying this since like 2017 if I remember correctly. 
Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.
This might be good news, because a big portion of those stablecoins might get converted back to BTC, when the bloodbath is over and the market goes into another bull run.
I don't know how much did Do Kwon profit from the Terra/Luna project? He must be hiding big amounts of BTC/altcoins and fiat money somewhere.
I hear rumors that Tether might cause next big cryptocurrency price crash, but this might be just some FUDsters trying to spread panic.
But you can see that the current sales volume is decreasing again, even there are only around 338 million left and this is a sign that UST has a very big impact due to the problems that Luna is experiencing.
I mean, it obvious decreased because a lot of people have sold already. I hope everything gets better soon
Lol this isn't getting any better. They're trying to revive the chain with a hard fork (turning the old chain into Terra Classic), but the damage has been done. Do Kwon and the Terra project has already lost it's reputation. It's just going to temporarily be a traders haven for now — with them taking advantage of the ignorant few that's still going to buy in to their promises. 
I think that most of the trading volume went to Binance, considering the high trading volumes, and most of the bitcoin went to that platform.
As for altcoins (a lot of USDT were burned), I think most of them went to decentralized platforms like Curve.
Generally, there is a manipulation of prices, so if a good investigation is opened, you will find that most of these currencies were sold to Bitcoin again or withdrawn to cash, given that the market capacity of USDT has greatly decreased after 10/May.
As for altcoins (a lot of USDT were burned), I think most of them went to decentralized platforms like Curve.
Generally, there is a manipulation of prices, so if a good investigation is opened, you will find that most of these currencies were sold to Bitcoin again or withdrawn to cash, given that the market capacity of USDT has greatly decreased after 10/May.
Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.
But you can see that the current sales volume is decreasing again, even there are only around 338 million left and this is a sign that UST has a very big impact due to the problems that Luna is experiencing.
I hope everything gets better soon
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