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I could be wrong, but wasn't Luna just $7 a year ago? That means, (let me check)... $15 dollars now. So that means, if you still doubled your money (and then some). :)

Ohh, seems they figured out at least yesterday who was behind the attack:

The catch, is only the big-whales get the discount. Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources https://www.theblockcrypto.com/post/145978/luna-foundation-guard-seeks-more-than-1-billion-to-shore-up-ust-stablecoin-sources?utm_source=rss&utm_medium=rss

Michael Saylor assuages investors after market slumps hurts MSTR, BTC https://cointelegraph.com/news/michael-saylor-assuages-investors-after-market-slumps-hurts-mstr-btc

What interesting, is the bad earnings report was leaked out ahead of time... Typical Wall Street shenanigans.

I was a little suspicious these last few weeks when all you heard was how much Bitcoin Terra is accumulating and their mission to be the largest repository of BTC. Etc. etc. etc. All this hoopla. And after all that time and accumulation, in just one brief period they literally flooded the...

Seems the millennials are very quite suddenly. You don't hear anymore how utterly stupid Chanos is. COIN only had half the volume they wanted, so missed expectations. Of course, if Terra didn't implode, crypto wouldn't have dipped as much, and COIN wouldn't sell off so much. Now I'm glad I...

We'll see if this turns into an Archegos 2.0

Nope... Tudor Jones, Soros, Druckenmiller, Dalio, etc. have bought up BTC and are HODLing long-term for the same asymmetric reasons. Even if there is a 90% chance it goes to zero, the asymmetry forces them to keep a portion of the funds in BTC. It's been a while, but IIRC Dalio has a special...

Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin https://www.coindesk.com/business/2022/05/10/michael-saylor-suggests-microstrategy-will-never-sell-its-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

From what we've seen the last few days, there is a huge limit-buy on BTC under 30K. Even Terra's implosion could only crack it for a brief moment. I think Micro-strategy is safe until we hit another type of pandemic event, WWIII, nuclear weapons, etc. etc.

Ok, not to point out the big elephant in the room, but Terra had to dump all its BTC holdings from the coffers yesterday (that was a lot). So in all fairness... paper-hand retailers weren't the only ones.

Interest Rates are going up... it's a simple solution to the problem. The sad news is many thought they'd get free loans until 2024, and that's been renegaded on. Now they got fucked.

Sources since yesterday indicate the only rats leaving the ship were paper-hand retailers. https://cryptosrus.com/this-is-what-bitcoin-whales-are-doing-during-this-dip/?utm_source=rss&utm_medium=rss&utm_campaign=this-is-what-bitcoin-whales-are-doing-during-this-dip

Well, she's still green for the morning...

One of the most interesting drama's last night, wasn't just the Terra death-spiral, but did you see that buy-wall that came out of nowhere and absorbed all that BTC when it fell to 29K? I was expecting the opposite to happen (as many did)...

So, I suppose this means the selling pressure on BTC we had yesterday is over... now that there is none left for the treasury to sell! :caution: What caused further capitulation as it pertains to Terra/UST is their reliance on a Bitcoin war-chest designed as a shield against a cascading event...

No, not Victor who lost his Matador fund. This is his brother Roy, who has done very well with hedge funds. The video is a bit old now, and was recorded during the bear-market of 2018 while ICOs were all going bust all around and BTC was in free-fall. He gives his reasons why Bitcoin is...

A good question. For sure, there are no financial statements to make any fundamental analysis and look for margins of safety. So, you do what you can with the white paper, the current developments, and do your best for future projections. Speaking of financial statements, do people even read...