My question is just one, how ? If he planned to repeg UST with USD value, then he would need huge amount of money.
now the market cap of UST is around $100 million with price around $0.01 per coin.
Just by look at marketcap and price, it means he need to buyback the coin until the price become 100x from the current price.
Topic: UST will re-peg by next week Do Kwon interview (Read 188 times)
lol, seems like another attempt by Do Kwon, the scammer to rally his shitcoin LUNA2. No one would insane enough to trust the guy anymore and the LUNA2 is a dead coin, lost all the momentum because without any real use case and purpose, it can't exist in the crypto market. People should just give up.
Any coin out there that we can see today do not deserve all of your money. Do not put all of your life savings or anything like that into just coin. Of course there could be some stuff where it requires you to invest bigger amount than usual, but not all, never all of it.
I personally feel like this needs to be written everywhere, lately binance started to ask questions like "are you sure you are withdrawing for right reasons" and warn everyone of fake places and scammers and all of that. But, they are forgetting the golden "do not put all of your money into just one place" thing and that is needed for everyone. If you are doing that, and then it crashes like Luna, you kind of deserved it.
I personally feel like this needs to be written everywhere, lately binance started to ask questions like "are you sure you are withdrawing for right reasons" and warn everyone of fake places and scammers and all of that. But, they are forgetting the golden "do not put all of your money into just one place" thing and that is needed for everyone. If you are doing that, and then it crashes like Luna, you kind of deserved it.
Frankly I tend to lose faith in the LUNA/UST project. for me personally, don't really trust their project anymore, after losing some of my savings when investing in LUNA or any other blockchain network that includes the terra ecosystem! I stopped for that and I think BTC is the right choice.
The interview from the guy who took billions of money and he said he used the money to repeg the UST which is very funny to see that. I don't know what will be going to happen but this is too good to be true for a criminal to said like that. A month almost passed and we can see the fact that happened in the market if this time UST being abandoned and not used anymore by the crypto users. We do know that from now how bad the reputation of this guy is.
This guy was actually a big liar in the crypto industry.
This guy was actually a big liar in the crypto industry.
I very much doubt that, he might just fork the current UST and creates a new ones, recovering back the current UST definitely gonna requires tremendous capitals and I doubt he gonna do that.
regardless even if he did, I doubt anyone still gonna stick with UST considering its just better sticking with other similar altcoin like USDT, USDC and BUSD that hasn't disappointed its holders ever.
so basically even if they did recover UST back to its former state, most of holders has already lost their faith.
regardless even if he did, I doubt anyone still gonna stick with UST considering its just better sticking with other similar altcoin like USDT, USDC and BUSD that hasn't disappointed its holders ever.
so basically even if they did recover UST back to its former state, most of holders has already lost their faith.
If this information is true then Kwon and his Terra team are getting it all wrong, it won’t thing for a project to have a failed program and it’s another thing for them to accept that they have failed, I think Terra right now needs to accept that they have failed with UST and start to count their loses, they need to push forward and the way forward is letting go of their failed stable coin and channeling their focus to their coin Luna, I believe Luna has a strong chances of survival than UST does.
I don't think that people's trust is still with Do and his projects.
It's not enough to get back the trust that he has destroyed and lost already. Whether it will be re-pegged, I don't think that people would still be amazed by the fact that he's able to get back on track.
But that's what he needs to prove for now, going back on track but that will happen? We don't know yet.
It's not enough to get back the trust that he has destroyed and lost already. Whether it will be re-pegged, I don't think that people would still be amazed by the fact that he's able to get back on track.
But that's what he needs to prove for now, going back on track but that will happen? We don't know yet.
I don't know, many investors have lost trust on Do Kwon already. On the contrary, I don't think that UST can re-peg just like that. The question is who is willing to buy it at this price and hope to make money in the future? Investors are not that dumb to make the same mistakes again.
The damage has been done already, and it's time for him to face the music as the South Korean government is after him because of the massive lost of investors on his project.
That's right, no more trust for whatever he is project, Investors will not come back to him. Stable coin that is not stable even the price falls more than 80%, resulting in other coins also being dumped by the same developer, Luna lost tens of thousands of % overnight, it is the worst in the history of cypto even meme token is better than her project. The damage has been done already, and it's time for him to face the music as the South Korean government is after him because of the massive lost of investors on his project.
I don't know, many investors have lost trust on Do Kwon already. On the contrary, I don't think that UST can re-peg just like that. The question is who is willing to buy it at this price and hope to make money in the future? Investors are not that dumb to make the same mistakes again.
The damage has been done already, and it's time for him to face the music as the South Korean government is after him because of the massive lost of investors on his project.
The damage has been done already, and it's time for him to face the music as the South Korean government is after him because of the massive lost of investors on his project.
Hopium maybe for everyone that is still holding on to UST at the moment or to Terra Luna. First of all we need to see if the re-peg is really happening and to be honest i highly doubt that. At the moment UST is at around 0.05 USD per token so i there is a huge buy pressure needed in order to get the price back up to 1 USD. If they are trying to re-peg it to the USD price via some other kind of mechanism or a relaunch of the token or something like that than this would be also bad for everyone that is still holding UST because then their old UST are worthless or not worth that much.
Even if the re-peg works i think there is still a lot of trust that has been lost and will be very hard to get back.
Daily drops of 99% and then a little pump on any hopium. Usual trap.
the talk with Do Kwon I think was about how the UST can drop lower so it's out of a stable coin, but they don't present or plan on re-recovering or redeveloping the UST. I think it is precisely with the destruction of the old LUNA ecosystem that they will try to build a new project, starting all over from scratch to build a project that can fix the shortcomings of the previous LUNA.
There is small chance for something like this to happen. I get that Do Kwon needs to say stuff like this because he is the project owner and he needs to try to keep the hope up, the more help he gets the easier it would be for him, he would prefer it if people would buy it and make it repegged themselves without him doing anything, so he is trying to make it liked more and more and trying to gain some attention.
But, we all know that it won't work that way, we all know that it is going to be a problem. So, we should be focusing on the reality and not the dream he has and not the thing he wants us to do because that won't be working.
But, we all know that it won't work that way, we all know that it is going to be a problem. So, we should be focusing on the reality and not the dream he has and not the thing he wants us to do because that won't be working.
There will be no repeg and Do Kwon has already been outed as a scammer and is under criminal investigation in several countries. His developers migrated to $NEAR and Candle labs and these projects have grants programs set up for developers. NEAR for example is giving away millions of dollars and $CNDL is giving away a piece of the protocol itself, a stake in the chain.
I think that you should not believe with what said by any youtubers. it seems like that account was getting terminated or banned and is not it enough to prove that if that was wrong? It's only fake rumour created by shitty youtubers. I will never ever believe with what have said by yuotubers. Almost all of youtubers are shady as fuck as they are only creating more and more fake news and sensations to get viewers and like for their videos.
You must not blindly believe with what already said by youtubers.
You must not blindly believe with what already said by youtubers.
I can't see the site you provided because maybe the video has been deleted because the post was made on YouTube. I don't really understand what you mean by this thread. Very confusing. you should repeat or make changes to the thread that you created.
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