Thoughts on LUNA

[zinc4]

Would like to hear what you guys think about TERRA LUNA and that crash that happened.

Do you think its temporary or its the end of this coin?

My thoughts are anyone who invested their life savings into it failed to properly research its founder's sketchy past. Also, anyone who goes 100 percent into any crypto project not named bitcoin or ethereum is crazy in general.

With that being said, i bought the bottom of the crash on Luna and am up big time on it so far. Too bad its founder is an incompetent scamming retard who wants to do this ridiculous fork idea.....properly just to erase the old chain and protect himself. The guy will hopefully end up in prison soon where he belongs.

 

[jaygreenb]

My thoughts are anyone who invested their life savings into it failed to properly research its founder's sketchy past. Also, anyone who goes 100 percent into any crypto project not named bitcoin or ethereum is crazy in general.

With that being said, i bought the bottom of the crash on Luna and am up big time on it so far. Too bad its founder is an incompetent scamming retard who wants to do this ridiculous fork idea.....properly just to erase the old chain and protect himself. The guy will hopefully end up in prison soon where he belongs.

This guy has some good threads on everything currently happening and gives some goo breakdowns

https://twitter.com/i/web/status/1528783730285887490

 

[sangheilios]

My thoughts are anyone who invested their life savings into it failed to properly research its founder's sketchy past. Also, anyone who goes 100 percent into any crypto project not named bitcoin or ethereum is crazy in general.

With that being said, i bought the bottom of the crash on Luna and am up big time on it so far. Too bad its founder is an incompetent scamming retard who wants to do this ridiculous fork idea.....properly just to erase the old chain and protect himself. The guy will hopefully end up in prison soon where he belongs.

I've been in this space since 2018.

Bitcoin and Ethereum themselves can you net you some serious gains and completely outperform just about any other asset class you can think of. I feel the problem with these alts is with their relatively small market caps they are capable of seeing these insane rallies, which attracts retail FOMO that takes this even further. However, with higher volatility to the upside means there is massive potential for the downside. Most of these alts that pump like this almost never come back and eventually fade away, only to later be replaced by some other coin. Bitcoin cash and BitcoinSV are good examples of this, a few years back they were trading for quite a bit of money and basically have done next to nothing. People get too greedy in this market space when they see how relatively easy the gains come of you give it enough time.

I personally know someone that is obsessed with Shiba, he first got into sometime about a year ago. He kept saying how it's going to hit $1, or if it even hits $.1 he will be a millionaire, etc. I looked up the coin and it's supply, if it were to be at prices like that it would be tens of trillions of dollars. This is the type of stuff you see a lot of in the crypto space.

 

[zinc4]

I've been in this space since 2018.

Bitcoin and Ethereum themselves can you net you some serious gains and completely outperform just about any other asset class you can think of. I feel the problem with these alts is with their relatively small market caps they are capable of seeing these insane rallies, which attracts retail FOMO that takes this even further. However, with higher volatility to the upside means there is massive potential for the downside. Most of these alts that pump like this almost never come back and eventually fade away, only to later be replaced by some other coin. Bitcoin cash and BitcoinSV are good examples of this, a few years back they were trading for quite a bit of money and basically have done next to nothing. People get too greedy in this market space when they see how relatively easy the gains come of you give it enough time.

I have been in since early 2015. You use the other projects to accumulate more bitcoin and ethereum.

It's as simple as that. I am in many whale groups with people that i have networked with for a long time.

If 50 percent of your portfolio is in any alt besides ethereum then you are doing it wrong. Alts are all jokes in general but can make you a **** tonne of money fast if you use them wisely. I still hold a tonne of them though as well as good eth and bitcoin stacks...but have moved on to real estate now as well. I will hold my bitcoin and eth until 2025 to 2030 depending on market factors but i will sell most of my alts next bull cycle and add to my bitcoin and eth stacks and reinvest into newer cheaper alts once again when the time comes.

 

[jaygreenb]

I've been in this space since 2018.

Bitcoin and Ethereum themselves can you net you some serious gains and completely outperform just about any other asset class you can think of. I feel the problem with these alts is with their relatively small market caps they are capable of seeing these insane rallies, which attracts retail FOMO that takes this even further. However, with higher volatility to the upside means there is massive potential for the downside. Most of these alts that pump like this almost never come back and eventually fade away, only to later be replaced by some other coin. Bitcoin cash and BitcoinSV are good examples of this, a few years back they were trading for quite a bit of money and basically have done next to nothing. People get too greedy in this market space when they see how relatively easy the gains come of you give it enough time.

I personally know someone that is obsessed with Shiba, he first got into sometime about a year ago. He kept saying how it's going to hit $1, or if it even hits $.1 he will be a millionaire, etc. I looked up the coin and it's supply, if it were to be at prices like that it would be tens of trillions of dollars. This is the type of stuff you see a lot of in the crypto space.

The majority of retail loses. its basically a transfer of wealth from the 95% who have no clue what they are doing to the 5% that understand the game.

 

[zinc4]

This guy has some good threads on everything currently happening and gives some goo breakdowns

https://twitter.com/i/web/status/1528783730285887490

I just started following this guy two days ago actually. Yeah he definitely has good info on the situation.

 

[zinc4]

The majority of retail loses. its basically a transfer of wealth from the 95% who have no clue what they are doing to the 5% that understand the game.

Exactly. 100 percent. If people only knew how sketchy and dirty all these "promising looking projects" actually are. I have actually started my own project before with the help of others. The secret is to get in early at the very beginning for cheap then get out on top. They are all glorified ponzis no exceptions. And team members always hold secret wallets from the beginning to later dump on retailers....again...no exceptions.

 

[jaygreenb]

Exactly. 100 percent. If people only knew how sketchy and dirty all these "promising looking projects" actually are. I have actually started my own project before with the help of others. The secret is to get in early at the very beginning for cheap then get out on top. They are all glorified ponzis no exceptions. And team members always hold secret wallets from the beginning to later dump on retailers....again...no exceptions.

Yeah, it's so filthy lol Anyone new coming into crypto always gets smoked, happens to all of us, it is an initiation. They really believe it is "great tech" and is going to change the world then hold the bag down 99%. That is why anyone new who isn't going to full immerse themselves in it, just recommend DCA into btc and eth. Over time it is a really low risk way to do well.

 

[zinc4]

Yeah, it's so filthy lol Anyone new coming into crypto always gets smoked, happens to all of us, it is an initiation. They really believe it is "great tech" and is going to change the world then hold the bag down 99%. That is why anyone new who isn't going to full immerse themselves in it, just recommend DCA into btc and eth. Over time it is a really low risk way to do well.

This is true. If you haven't been scammed multiple times then you are either a freakin genius or you are a noob who hasn't really tried yet.

 

[jaygreenb]

You’re just seeing the end of private block chains and the beginning of central bank block chains. All the infrastructure is there and it’s all they talk about at their global economic forums.

If you’ve fallen for Crypto, you’ll fall for anything.

Digital money was always an incredibly dangerous concept. You’ve been punked if you think crypto was ever anything other than a giant ruse to usher in central bank crypto - GovCoin.

You seem to have a lot of inside knowledge, please enlighten us. Even if that is the case, would rather be a rich slave and than a poor one. What is your other option? Live in the woods and barter?

 

[jaygreenb]

That’s a false choice. Fiat money and crypto are both slave systems when controlled by a global banking cartel (Rothschilds-tier). Crypto will be mugged and taken over by global central baking very shortly. Replacing fiat.

Heads, central banks win. Tails, you lose.

You’re already a slave, and you don’t even know it. The entire financial reality you inhabit is all smoke and mirrors designed to keep you chasing your own tail…forever.

If you want to do well in this world you need a real hustle, outside of the fake system you are playing in. Because in the Fake System, much like a casino, the House always wins.

Ok, so tell me detailed actionable advice to be outside of that system? Also, if bitcoin is a secret govt program that the elite are going to to institute to take over fiat, tell me why you might not as well be wealthy in that system. Be specific, not just vague platitudes.

Also, please tell me how you are not a slave and what are you doing to facilitate that. No job? Financially wealthy and independent?

 

[BackInTheGame78]

Do you have any good technical analysis book to recommend for reading?

Got one from Glen goodman, its good but it doesnt get so deep into chart analysis. And he recommended one from Richard Schabacker.

Honestly the best is to get on Twitter, there are lots of extremely knowledgeable people with that.

There are a few discord groups I can recommend as well as lots of YouTube videos that teach this stuff.

Look for Smart Money Concepts(SMC)

 

[BackInTheGame78]

Getting your financial advice from Twitter. Really?

Dude. Get a real job.

There are a LOT of good people on Twitter. A lot of rubbish people on Twitter too. Not my fault if you can't figure out which is which.

I have one paying me well north of 6 figures, so I am good with that.

 

[jaygreenb]

Not being a slave is almost purely mental. Do you understand how this world works? Or do you stumble around, falling for scams concocted by Alphas?

Because right now you’re living in another man’s dream. He’s created a playpen for you, inside his dream.

Actionable plans and hustles are easy when you break through and realise this. Because you immediately can identify true value and wealth. You also start having your own dreams, instead of living in another man’s dream in a supporting role.

Yeah, I think I have a good idea besides the mental masturbation you are spitting out. I have owned my own business for 12 yrs and could retire today, I don't answer to anyone. Please detail how you are more "free", lets get some specific metrics and compare.

 

[jaygreenb]

Think about this logically for a second. If you had found a way to make lots of money, then would you share that information?

That’s not how the money games work, ladies.
Men are not your friends. Far from it. They are your competitors. The best way to make lots of money in this world is to be on the inside. In fact, it’s the only surefire way. They don’t let you get rich unless you’re on the inside, vetted, approved. It’s like a quality control thing. Money is privately owned by our masters and they dish it out to who they like.

The game is to confuse everyone else so that they lose their money, or give it to you. If everyone is poorer, you are richer by default.

You must be wealthy if you understand the money game. Have any receipts?

 

[BackInTheGame78]

You’re not successful. Your angry and clueless response says it all. Successful men don’t communicate like that.

I’m not here to teach you how to win. I’m only here to show you why you’re losing

It's called SMC bro...go read up on it.

 

[jaygreenb]

You’re not successful. Your angry and clueless response says it all. Successful men don’t communicate like that.

I’m not here to teach you how to win. I’m only here to show you why you’re losing

You're just a clown spouting off then, funny.

 

[jaygreenb]

I don’t feel sorry for guys like you. You deserve to get wiped out

I need to see your receipts to continue this conversation.

 

[BackInTheGame78]

All that great financial advice you’ve been getting on Twitter and that’s all you’ve got. A weird gay joke?

Dude. Please get a real job and stop lying to people

Haha...please learn WTF you are talking about and stop pretending to have knowledge of what you have none.

 

[BackInTheGame78]

Seems you crypto peons are easily triggered by logic and facts.

People who are rich don’t share. That’s how you get rich and stay rich. So any “rich” person giving you financial advice is almost certainly feeding you 100% baloney. It’s similar to taking dating advice from women.

When you have money, your motives then becomes about maximising your money, and making sure everyone else stays poorer relative to you. If everyone else gets richer too, then your wealth reduces.

It’s a zero sum game and a finite pie. There is limited wealth on a finite planet, and thus one man’s profit is another man’s loss. If everyone profits then nothing changes. Inflation.

This is all economics 101. It ain’t complicated. It only appears complicated because of the snake oil. It’s like banging women. It ain’t complicated. But it becomes complicated if you take advice from Twitter and women.

Enjoy the GovCoin party, fellas the great thing about this is that all the warning signs and information is available to you. But you chose to ignore it because “muhhhh crypto”

Enjoy living off the grid in Alaska since that's the only way you'll truly be free of any of that.

And yeah, clearly it's a zero sum game which is why you learn to trade like banks, institutions and market makers using smart money Concepts. Retail traders are always going to lose in the long run unless they understand these concepts and how to use them. Most will never bother to take the time to learn them so there will always be fresh capital to take.