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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#coinbureau #crypto #news #luna #terra #bitcoin
46 Comments
Hope this video helps explain it better. Like I said, let's wait and see what happens to the markets on the inflation numbers tomorrow. Do you think confidence in the peg will be restored? Don't forget about our ongoing Bitcoin giveaway. More info here π https://t.me/cbinsider/1919
The worst thing about all this as someone who doesn't hold LUNA, but was thinking about buying some, is that this is the perfect excuse the US government needs to intervene in crypto. Janet Yellen didn't miss a beat in calling for immediate regulation. The US government will not let a perfectly good crisis go to waste.
It will not hit 20k or 25 k trippin
Rather support UST than USDT. LUNA/UST might be down but they're not out. The peg will come back, they'll grow stronger from this, and USDT lovers can go kick rocks. The deliberate attempts to destroy UST have and will continue to fail.
Thank you Guy. Great explanation
Audio seems low, or maybe I'm deaf from the loud crashing sound of the markets.
We deserve a better, details video on this subject
Love the indepth description of UST losing its peg to USD. Great job Guy π
Hi guy, love your videos and your podcast with mr Mooch, hearing alot about XCAD at the moment would love to get a video on it
I was waiting for this explanation for the whole day, finally, thanks.
That was the last straw for Binance, blocking withdraws of UST and LUNA. Bye Binance, i had it with you.
Terra moved liquidity between 2 pools. For a short period a curve pool was only filled by 350 million instead of couble billions. During this time there was some kind of attack on this pool by big players..
Still awful, but it wasn't organic and can be fixed..
Hahahaha π€£π€£ that peg analogy was genius
Was thinking about buying Luna last couple of months. That obviously won't happen anymore.
as someone who was planning to buy luna, i feel like this made me turn off from buying it, especially because of how easily it could be manipulated. And since the price of Luna is so heavily tied to UST, i feel like I might have to wait and see how it all goes. Would love more of a in-depth video about this
Oh well there is still DAI
How? try trillions in debt and money printing up the wazoo. market to drop 80%. bitcoin hopefully will hold at $10. but don't worry about that, worry about food.
Thanks Joe Biden
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the only coin that has that problem was ust…
I'm still with you, Guy!
Supposedly there is an coordinated attack on this too
Thank you Guy!
Blame Joe Biden and all the people who voted for him π tired of people not being accountable .
Here's a new theory: the Chinese and Big Banks secretly plotted this to crush LUNA's UST as they want their respective CBDCS to take over the financial world…. they manipulated the market to cause this, and once the dust settles and LUNA is dead and buried plan to push their CBDCS garbage on us…
Means chances are there to see Luna at $1 .
I'm glad you updated on Terra Luna, but I am still disappointed that you didn't cover on GCR shorting Luna and that Do Kwon had to move money around like Tether to correct their problems. edit: the situation makes it feel like just about any whale can short UST. Against your hype, I will never touch Luna.
so much for the higher lows…which tends to lead to a drop 80% of the time
Thanks Guy, wouldnt mind a stablecoin update on Coin Bureau to review just how robust all of these are as we enter some major volatility and perhaps the mother of all crashes.
If stable coin donβt crash itβs not a problem but stable coin crashing make me doubt crypto
This is hilarious. This dude is explaining scam coins. Typical of crypto markets.
If we don't have a stablecoin decentralized, cryptos are a failure
This is God wanting me to buy the final dip
You know you're in a world of hurt when Guy, the voice of reason, ends his video with "buckle up".
lmfao 1:08
VC investments, unsustainable 20% cashback, it all reeks.
Dumped my Luna and won't be touching it again.
jeez every pleb and their mothers that live upstairs trying to be a youtube crypto guru these days. pathetic
Thanks for the vid, disappointed however you did not mention the by now widely believed notion that a sophisticated, coordinated attack was carried out against Terra. The curve UST pool was clearly manipulated, drainen and dumped just moments before the 4pool was launched. Also BTC got shorted at the same time when LFG stepped in with the BTC reserves to dampen UST depegging. You cant just pin this on the broader crypto selloff and macro economic conditions.. You know better Guy, Luna went from 90usd to 25usd in a matter of days..
If it doesn't work, it doesn't work. Dump it and move on.
Next I'll be looking at Cardano's DJED decentralized stable coin, let's see if it works.
<Predicting a trend reversal is dangerous, and I feel there is more to this market than we now see. People do not strive to grow their average when they are losing, but this can change if you have a personal trade guide and signal source like Eric Birger, who has made me almost 9.5 on a 2 btc trade capital over the last 10 months. Make an informed decision. Markets go through cycles that can range from a few days to several years. It's difficult to establish a bullish case for B -TC merely by looking at the charts.
Scary day yesterday I had a chunk in UST on Anchor thinking it was safe. I blame the whales who dumped UST. They're worse than retail throwing millions in one day into a project the pulling it out the next. Panic selling a stable coin. They just can't be trusted.
There is always worse to buy Luna 3 days ago for $ 80. Don't sell, but have faith and don't get angry, it's just money. Do not give up and fight and you will succeed. Trade, trade only in this way the market will stabilize. There are always ups and downs. Without a fight there is no joy, it does not get rich easily. Luna is tied to BTC, while Bitcoin is high and will be fine. Fight and I'm with you. I bought Terra Luna today and will continue to buy. I will not give up, I will fight and I will succeed, I believe in myself, do you believe in yourself?
You can see the pain in those eyes. Poor luna holders π
When it gets pegged back (and I really hope it does) , I will exchange all my UST for USDC. Losing money on a stablecoin is the last thing I wanna do.
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