Topic: Shorting lunc (former original luna) and losing 99% assets - page 2. (Read 260 times)
No doubt. That company wants instant profit by shorting luna while this scam token is very volatile. I were scalping this token but since the chart didn't look healthy and i retire from trading this token. Once you think this coin will be going to short but it can be manipulated to be long. The market is unpredictable but i do believe if they have agreed with what happened with them. So that's their fault. I would not be surprised if there was also another company who has been facing the same problem,
Well they can blame it to their supposedly "AI" trading bot, Lol. So what lessons do we learn from here?
1. Bots are not a sure fire to give you profits, and as much as you claim that it is very intelligent enough to predict and forecast the market? Still going to fail because of so many factors.
2. Don't put your asset into one basket. If you have done this with Luna, obviously, by now you have lost your crypto investment.
3. Just trust yourself, no need to used those so called services, because again, it's not a guarantee.
1. Bots are not a sure fire to give you profits, and as much as you claim that it is very intelligent enough to predict and forecast the market? Still going to fail because of so many factors.
2. Don't put your asset into one basket. If you have done this with Luna, obviously, by now you have lost your crypto investment.
3. Just trust yourself, no need to used those so called services, because again, it's not a guarantee.
Thats because of a tremendous volatility. Of course eveyone thinks that shorting a damage project could lift their profits high but there are factors whom we cant anticipate like possible whale manipulations. Of course these guys are watching the long and short positions and might chance to favoe which are those gonna lose more. So this possibility is also can, I wonder how the company can handle that kind of losses.
I agree with you that when Luna started falling badly, the investment of many people sank, but there were very few who made a lot of money with future trading by opening short positions with high leverage. However, after the launch of LUNC. People did not trust it as much as before due to increasing in its supply and declining market cap, everyone thought that a short position should be opened on it so that it could make more profit or reduce its loss. Now here is a common-sense thing if everyone will make a profit then how will the market run But people, as usual, fell back into the whales' trap. 
Damn! they were a trusted company since their investors came from corporations and high net-worth persons and the result was not really praiseworthy since their lossing their assets rather than securing them. What could have gone wrong? I mean these people know exactly how to handle their money and yet, they fell to some kind of sales talk from the LUNC. Since they didn't really have some kind of plan when their market has fallen the first time, they shouldn't be trusted the second time because they don't really deserve it.
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Either side is both risky because retail traders usually follow the hype trend so even if you are whale and open a position in different direction. You can still get rekt if other whales manipulate the trend into opposite direction to your position. Until now, I never stop believing that sometimes Exchange is involved on market manipulation by shaking stop losses of whales position since they are the only one who has access on the stop losses price of whales position while they have sufficient liquidity to manipulate the market since they are not completely regulated.
That's painful, they've relied on a bot for their trades with leverages. And they've used their customers fund to put into leverage. I don't know if that's exactly their business and how it goes.
But this is another reminder to all of those investors that are thinking it's safe to put all of your assets into websites like this and the same with the exchanges. You'll never know what's happening behind their curtains.
But this is another reminder to all of those investors that are thinking it's safe to put all of your assets into websites like this and the same with the exchanges. You'll never know what's happening behind their curtains.
Thats because of a tremendous volatility. Of course eveyone thinks that shorting a damage project could lift their profits high but there are factors whom we cant anticipate like possible whale manipulations. Of course these guys are watching the long and short positions and might chance to favoe which are those gonna lose more. So this possibility is also can, I wonder how the company can handle that kind of losses.
Even sharp fall as LUNC could make you lose assets.
A good article, cause I was one of those who thought it's that easy.
https://cointelegraph.com/news/korean-startup-uprise-lost-20m-shorting-luna
A good article, cause I was one of those who thought it's that easy.
https://cointelegraph.com/news/korean-startup-uprise-lost-20m-shorting-luna
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