Thoughts on LUNA

[sangheilios]

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.

I totally agree, it's just that for the majority of people looking to invest into crypto I feel that bitcoin and ethereum are more than sufficient. The reality is that the vast majority of retail investors have little to no clue, so simple advice like this is much more likely to lead to them having longer term success. The other reality is that many people will see these random altcoins being shilled by some youtuber(s) and when they see it is going for fractions of a cent vs. bitcoin being in the (tens)thousands they see it as a bargain. They often will buy in at times where the market is quite euphoric, essentially the worst time to buy at that period of time, and then the market plummets, leading them to sell at a substantial loss out of fear.

The other day I was reading some comment on a youtube video where this person was saying that (s)he bought bitcoin at the peak back in 2017, so around 20k, and despite all of these 4 years of holding the original investment is now "only" 50% up. This person literally did not understand that they bought in at the worst time and were comparing bitcoin's price to it's worst level in our current time frame lol. Now, if this person had bought the low end of the 2018 bear market, 3-6k, that investment would be 5-10x, which is quite substantial.

 

[sangheilios]

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.

As I mentioned to @zinc4

Retail has a tendency to buy in during the worst times in this market, generally when it is quite euphoric and the prices are mooning, something we saw last spring. A big part of this is that you'll start seeing the mainstream media discussing crypto, so naturally the uninformed retail will be exposed to this and want a piece of the action. They fail to sell, because it's going to keep rising, and then when the market corrects, which it always does after insane rallies, they sell at quite substantial losses. Then what happens is retail losses interest, the market gets relatively boring for a period of time, which is actually a fantastic place to accumulate, and then slowly it prepares for another leg up, again drawing in retail.

 

[sangheilios]

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.

One of the biggest mistakes I made in the past was investing into bitcoin cash. I bought a little bit in the summer of 2018 but ended up loading up on it in bottom of the bear market, when it was trading at around $100. I actually ended up making some money on it and honestly didn't do bad but I would have been better off just buying bitcoin itself or ethereum, which is what I ended up just converting it into.

 

[BackInTheGame78]

No. You make money by actually doing something useful and providing things to people that they want. Building a business of value.

Sitting at home clicking on cryptos is not real value.

Money is money.

I'm a software engineer as my day job so I provide plenty of value to businesses and people.

 

[BackInTheGame78]

As I mentioned to @zinc4

Retail has a tendency to buy in during the worst times in this market, generally when it is quite euphoric and the prices are mooning, something we saw last spring. A big part of this is that you'll start seeing the mainstream media discussing crypto, so naturally the uninformed retail will be exposed to this and want a piece of the action. They fail to sell, because it's going to keep rising, and then when the market corrects, which it always does after insane rallies, they sell at quite substantial losses. Then what happens is retail losses interest, the market gets relatively boring for a period of time, which is actually a fantastic place to accumulate, and then slowly it prepares for another leg up, again drawing in retail.

Exactly this...even on a trading basis they do the same thing...they buy at resistance and sell at support. Happens all the time over and over again.

 

[zinc4]

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.

This is why they are trying to regulate so hard and i do believe Luna could have been a psyop to bring in their regulations to set up government and bank led chains. Bitcoin will always exist imo though. It's too big and decentralized now to kill. A few big institutions in the US seem to love ethereum as well. The best they can hope to do is ban and outlaw every exit ramp for it. But more and more countries are adopting it. Panama is in the stage of adopting it as we speak as well as numerous other latin american nations. The days of buying ****coins and making easy X100 plus gains will be gone soon though and most crypto projects won't survive.

 

[zinc4]

Money is money.

I'm a software engineer as my day job so I provide plenty of value to businesses and people.

Facts. I am sure a lot of people felt salty back in the day at the early investors of oil as well. It's all about finding the next big thing and parking some money in it.

 

[sangheilios]

This is why they are trying to regulate so hard and i do believe Luna could have been a psyop to bring in their regulations to set up government and bank led chains. Bitcoin will always exist imo though. It's too big and decentralized now to kill. A few big institutions in the US seem to love ethereum as well. The best they can hope to do is ban and outlaw every exit ramp for it. But more and more countries are adopting it. Panama is in the stage of adopting it as we speak as well as numerous other latin american nations. The days of buying ****coins and making easy X100 plus gains will be gone soon though and most crypto projects won't survive.

Being in the crypto space has honestly showed me how much corruption, manipulation and control of power really goes in our world, Trump also exposed this quite well. I remember seeing a while back about China banning crypto mining, I guarantee they are still mining but under government ownership/control. The latin American countries especially use the U.S dollar, so naturally those American banks do not want them using bitcoin as an alternative. You could tie this with a bunch of other non crypto related things, such as oil and other natural resources.

 

[jaygreenb]

As I mentioned to @zinc4

Retail has a tendency to buy in during the worst times in this market, generally when it is quite euphoric and the prices are mooning, something we saw last spring. A big part of this is that you'll start seeing the mainstream media discussing crypto, so naturally the uninformed retail will be exposed to this and want a piece of the action. They fail to sell, because it's going to keep rising, and then when the market corrects, which it always does after insane rallies, they sell at quite substantial losses. Then what happens is retail losses interest, the market gets relatively boring for a period of time, which is actually a fantastic place to accumulate, and then slowly it prepares for another leg up, again drawing in retail.

It is always the price action of a bull market that always draws people in initially, also the same thing that brings them to the overnight 1000x altcoin. The problem is they are too emotionally attached the outcome of this alt is their chance to make it, they never sell when they should. Same cycle happens over and over, human psychology is pretty predictable. Hopefully they learn from those mistakes and readjust. I got nailed pretty bad in 2018 with alt coins, painful at the time but learned some really good lessons that are paying dividends now. Thankfully I stuck with it.

 

[jaygreenb]

One of the biggest mistakes I made in the past was investing into bitcoin cash. I bought a little bit in the summer of 2018 but ended up loading up on it in bottom of the bear market, when it was trading at around $100. I actually ended up making some money on it and honestly didn't do bad but I would have been better off just buying bitcoin itself or ethereum, which is what I ended up just converting it into.

Yeah, long term very few alts actually beat btc and eth. My sister has had an auto $50 eth and btc weekly buy for almost 5yrs. She has pretty substantial amount now. She literally spends no time learning about markets and different coins.

 

[Plinco]

It’s actually extremely easy to regulate Bitcoin and crypto because you need electricity and the internet to run it. Guess who owns that infrastructure? Not you.

The truth about wealth is that you only own what you possess. If you don’t possess it physically, you’re renting under the guise of ownership.

Bank fiat and Bitcoin are currently playing a fake game of football right now. The Central Banks own the stadium, the football and the weather.

The result of this fake game of football between fiat and Bitcoin will be GovCoin. And that was always the plan. But they have to make it look like it “just happened” so the peons don’t revolt.

How will they justify banning Bitcoin? Easy. They’ll say Bitcoin is being used to fund black market activities like terrorists, anti-vaxers, anti-trans activists, climate change deniers, school shooters, child pornographers and toxic masculinity. Their solution to this will be a regulated crypto in the trusty hands of the unelected, private central banks.

This is a bit off topic, but I want to mention that central banks artificially suppress the gold and silver markets by naked shorts. Governments turn a blind eye to this because suppressing gold and silver means artificially propping up fiat currencies.

Edit: not directly the central banks selling naked shorts into the market, but the private banks are doing this, the same ones that own the central banks.

 

[BackInTheGame78]

No. You make money by actually doing something useful and providing things to people that they want. Building a business of value.

Sitting at home clicking on cryptos is not real value.

Your liquidation is my take profit.

 

[BackInTheGame78]

Perhaps. But the days of fake fiat money printing are over, and thus the fake jobs and fake market that have been fuelled by 10 years of zero interest rates and massive money creation.

This is a paradigm shift that I don’t think you’re psychologically prepared for Holmes. No more free lunch from the money printer. Time for rising interest rates and lining up for your Government Soup ration. Don’t mind the bugs, they are a nutritious component of the soup. And it’s good for Climate Change.

I can make money shorting just as easily as longing. I don't care the direction the market goes.

 

[BackInTheGame78]

You can’t make “money” if the fake money stops flowing. That’s the paradigm shift you’re not seeing.

Everyone who is even slightly competent has made money these past years because of the enormous money printing. Trillions have been printed in just the last few years alone. That’s why we have hyperinflation now. The system itself is ending. I have it on good authority that our leaders have actually decided and have planned to end the system on purpose, and switch us onto a new financial system which is based on sustainability, equality, no private property, a shared economic (it’s actually just Communism and we’re being goosed).

I am sure your good authority is probably some nut job conspiracy theorist on YouTube.