Genie Posted May 9, 2022 Share Posted May 9, 2022 Pretty much every coin is down 15-20% in a day. It’s crazy how volatile it is. Link to comment Share on other sites More sharing options...
coda Posted May 9, 2022 Share Posted May 9, 2022 Is anyone still hodling ARK? Link to comment Share on other sites More sharing options...
villaglint Posted May 9, 2022 Share Posted May 9, 2022 20 minutes ago, coda said: Is anyone still hodling ARK? Think I bought some at the peak and just kept it. Why? Link to comment Share on other sites More sharing options...
coda Posted May 9, 2022 Share Posted May 9, 2022 1 hour ago, villaglint said: Think I bought some at the peak and just kept it. Why? I haven't been following crypto and thinking of selling. Get the feeling most of these projects are unnecessary. Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 10, 2022 Share Posted May 10, 2022 Stablecoin Terra has not just lost the dollar peg a bit, but really quite a lot. Link to comment Share on other sites More sharing options...
wazzap24 Posted May 10, 2022 Share Posted May 10, 2022 I’m not falling for the slight recovery this morning. Feels like a trap/bear market rally. Link to comment Share on other sites More sharing options...
KAZZAM Posted May 10, 2022 Share Posted May 10, 2022 10 hours ago, HanoiVillan said: Stablecoin Terra has not just lost the dollar peg a bit, but really quite a lot. Yep and Do Kwon has flooded the market with BTC to save it and also crashed the whole market in doing so. 1 Link to comment Share on other sites More sharing options...
Genie Posted May 10, 2022 Share Posted May 10, 2022 5 hours ago, wazzap24 said: I’m not falling for the slight recovery this morning. Feels like a trap/bear market rally. Its holding up. I thought about having a punt last night as it was almost certain to bounce today but decided against it. 1 Link to comment Share on other sites More sharing options...
wazzap24 Posted May 10, 2022 Share Posted May 10, 2022 (edited) 6 hours ago, Genie said: Its holding up. I thought about having a punt last night as it was almost certain to bounce today but decided against it. Still not convinced. CPI data released in US tomorrow, if inflation is showing no sign of slowing, market will take another drop and drag crypto with it. I’ve been dipping in and out with leveraged shorts against the market indexes for the past couple of days and it’s worked well so far, I’m just gonna carry on with that for now I’d love to think it will decouple from the markets, just can’t see it at the moment. Edited May 10, 2022 by wazzap24 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 11, 2022 Share Posted May 11, 2022 Coinbase released some horrible results recently showing them losing a lot of money, so it's probably worth noting this: Those of you who do hold coins on exchanges should read the tea leaves and get them off pronto onto a hardware wallet. Link to comment Share on other sites More sharing options...
PieFacE Posted May 11, 2022 Author VT Supporter Share Posted May 11, 2022 (edited) The Luna chart is something special In all seriousness, feel quite sorry for a lot of people who have probably just got absolutely rekt. Edited May 11, 2022 by PieFacE Link to comment Share on other sites More sharing options...
Genie Posted May 11, 2022 Share Posted May 11, 2022 8 minutes ago, PieFacE said: The Luna chart is something special In all seriousness, feel quite sorry for a lot of people who have probably just got absolutely rekt. I dont know anything about Luna, but hasn’t it lost about 95% of its “value” in the blink of an eye? That stinks of a coordinated run rather than general market fall. As you say, gotta feel for people who gambled more than they could afford to lose and now in a mess. Link to comment Share on other sites More sharing options...
PieFacE Posted May 11, 2022 Author VT Supporter Share Posted May 11, 2022 Just now, Genie said: I dont know anything about Luna, but hasn’t it lost about 95% of its “value” in the blink of an eye? That stinks of a coordinated run rather than general market fall. As you say, gotta feel for people who gambled more than they could afford to lose and now in a mess. Yeah it's basically the reason the whole market is crashing. It was totally a co-ordinated power move by some with big dicks. 1 Link to comment Share on other sites More sharing options...
Genie Posted May 11, 2022 Share Posted May 11, 2022 6 minutes ago, PieFacE said: Yeah it's basically the reason the whole market is crashing. It was totally a co-ordinated power move by some with big dicks. I wonder if those that sink it will re-buy a shit load at the new rock bottom price. Link to comment Share on other sites More sharing options...
PieFacE Posted May 11, 2022 Author VT Supporter Share Posted May 11, 2022 Just now, Genie said: I wonder if those that sink it will re-buy a shit load at the new rock bottom price. To be honest it's tempting to buy a small bag and play around with it. Luna was currently valued $0.68 about 10 minutes ago, it's now $1.66. So some nice swinging price action going on. But will probably leave it right now. I wouldn't buy any to hold for years though, can't see anyone trusting this ecosystem again. Would be a complete gamble. Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 11, 2022 Share Posted May 11, 2022 I wonder when people are going to realise Tether is also a complete con, which is definitely not anywhere close to fully backed? 1 Link to comment Share on other sites More sharing options...
Genie Posted May 11, 2022 Share Posted May 11, 2022 18 minutes ago, PieFacE said: To be honest it's tempting to buy a small bag and play around with it. Luna was currently valued $0.68 about 10 minutes ago, it's now $1.66. So some nice swinging price action going on. But will probably leave it right now. I wouldn't buy any to hold for years though, can't see anyone trusting this ecosystem again. Would be a complete gamble. Up 150% in the hour so opportunity is there Link to comment Share on other sites More sharing options...
Genie Posted May 11, 2022 Share Posted May 11, 2022 (edited) I just took a punt converting some other crypto to Luna. Big gamble, wish me luck Currently own 489 LUNA and its up about £100 in 10 mins Edited May 11, 2022 by Genie 1 Link to comment Share on other sites More sharing options...
PieFacE Posted May 11, 2022 Author VT Supporter Share Posted May 11, 2022 44 minutes ago, Genie said: I just took a punt converting some other crypto to Luna. Big gamble, wish me luck Currently own 489 LUNA and its up about £100 in 10 mins Good luck. Should be a wild few days for Luna Link to comment Share on other sites More sharing options...
Genie Posted May 11, 2022 Share Posted May 11, 2022 3 minutes ago, PieFacE said: Good luck. Should be a wild few days for Luna Yeah, its just a bit of fun with something that was doing nothing. It’s extremely volatile, gotta be in it to win it it. If it dies a death then so be it. Link to comment Share on other sites More sharing options...
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