This might only be the beginning unless investors are given their money back. There is a report that 2 people have started going to Do Kwon's apartment to break in and to harrass his family. This is scary for Do Kwon, I only hope for the safety of his family and some compensation for the investors. Police are investigating a report that an unknown person visited the home of Terraform Labs CEO Kwon Do-hyung and rang the doorbell. CEO Kwon's spouse requested the police to designate a person for emergency personal protection.
According to the police on the 13th, the Seongdong Police Station in Seoul received a report that an unidentified person broke into an apartment in Seongsu-dong, Seongdong-gu, and rang the doorbell at around 6:23 pm the day before.Source https://m.mt.co.kr/renew/view.html?no=2022051308574726920&type=outlink&ref=%3A%2F%2F |
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so in a nutshell it’s just a natural elimination basically the only project left are the ones that are basically can be considered “good”.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
We had that plenty of times before. Whenever we are in a big market crash, that results with us ending up with going back up eventually but not all coins. Some coins go down and never recover from that. There are so many projects that reached ATH during late 2017 and early 2018, during the altcoin boom and then when it crashed people hodl it long enough but they never recovered, not even in the last 2 years when the prices went up. This is a proof enough that we should not be considering it unlikely for the future as well. Some coins reached ATH last year and they will never reach that again and this crash will be the death of them for sure. Hehehe much of the people who have been in the forum before 2018 has the experience of what might happen already. I have noticed that our newer bitcointalk members think Fantom, Avax, Solana or Cardano successes are a certainty. In any case, I hope my thoughts in this thread are helpful for everyone. I will create a new thread sharing some advice on how to go through a bear market, based on my own mistakes hehe. |
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@dhru9. You clearly made a very bad decision. You should wait if UST returns to $1.00 peg first before gambling on Luna. What is happening presently with the Luna ecosystem is the holders of UST are burning UST for Luna tokens and they dump them on the market. This will not stop until the peg returns.
True, we don't know, maybe Binance has halt it already because of the current status of UST or this is some glitches and blips along the way. Nevertheless, it is not a good idea to invest on everything that that Terra Luna on it. The way it has affected the market in the last couple of days, they might be pulling a rug pull here. CZ has already certainly seen what will occur in his mind. He will delist Luna and UST and he will leave Alameda Research, Jump Crypto and Justin Sun to help Do Kwon try bring back the peg to $1.00. However, it might be better to give up and begin again by starting a fork. And it appears it might happen. The Luna validators has halted the chain hehe. |
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#Authentication Post Type of campaign: Signature Bitcointalk Username: bbc.reporter ERC20 wallet address: 0x1eeBA79cCA148e1bAed483980F86209d9b9CF603 Let me be this. Thank you.  |
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Anyone saw this?   This is great art right there, a painting that can hand in the biggest museums and galleries XD No disrespect to both Frankie and Tony, but this is just funny  I mean, there were KOs such as this before, but it seems we haven't seen much captured on film as of recently so it's fun to have the whole collection. Has anyone also seen this? Someone minted a rare El Cucuy Bored Ape hehehe.  Similar to the opinions of much of you, I also will say that he should retire before he has brain damage and transforms into a real ape. He has a wife and a son. He should take care of himself to take care of his family. Dana should let Tony fight Conor and make his retirement pay. We also have 2 sexy fighting kittens hhehehe. They will be fighting different opponents, however.   |
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@dhru9. You clearly made a very bad decision. You should wait if UST returns to $1.00 peg first before gambling on Luna. What is happening presently with the Luna ecosystem is the holders of UST are burning UST for Luna tokens and they dump them on the market. This will not stop until the peg returns.
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Much fud, speculations and other news being shared in social media and other information being published in bitcoin news media. The news is Do Kwon was behind another stablecoin project that failed according to Coindesk. There are some members of the Luna community who are beginning to speculate that this is another rugpull. Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk has learned.
Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020, just before the launch of terraUSD (UST), Terra’s flagship stablecoin. Like UST, BAC sought to maintain a $1 peg through code, not collateral.
But it failed: The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday.Source https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/There are also some groups mentioned that this attack on UST was by Alameda Research, Citadel, 3 Arrows Capital and Justin Sun was also mentioned. |
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In any case, are you following the news on UST's depegging?
Technically speaking centralized shitcoins whether it is UST or USDT or others are not really pegged to anything. They all function based on faith and a hope that users are going to continue using their shitcoin at the designated price but when that faith goes away or when a massive dump occurs these shitcoins crash hard. The biggest one is still Tether but that too has gotten dumped in the past and there is nothing they can do about it. These things are only creating headaches in bitcoin world. I very much agree. Something similar can also be argued on fiat currencies. Inflation in America is presently 8% according to some articles. This could be implied that the American dollar has depegged 8% hehehe. Also agreed on tether and the headaches they create in the cryptospace. We have argued about this in my big short thread for months and it appears that some people beginning to see the possbility of tether as a systemic risk. |
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@PlataOcrypto. The development team of Putty has announced another NFT product called Cally. It is a protocol that gives users a chance to earn yield from NFTs by selling covered calls on them. This idea might become useful for the NFTs minted by you and to give users more options to secure value.
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@TravelMug. Agreed. Donaire is a person who repesents good manners and excellent style. His boxing style is also very graceful and more pleasing to the eyes. More pleasing than Pacman's style in my opinion. This Casimero boxer is distasteful. Is he copying Conor McGregor or Nate Diaz? It does not look good for him. Filipinos and also the Japanese boxers are usually very humble and natural in their actions. It appears his actions are his manager's idea.
In any case, it is Jermell Charlo versus Brian Castano. The odds on Charlo is only 1.51. However, it appears his victory is a certainty.
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@Wind_FURY. Agreed. Do Kwon and Terra's decision to use bitcoin as the reserve gave the exploiting whales a reason to attack UST's peg. It is presently speculated that there was a whale that has shorted an amount of $4 billion at $42k and also has bought $1 billion in UST before beginning his attack.
The attacker began selling some UST in Binance that started it to depeg to $0.97 and Do Kwon reacted by selling bitcoin to defend the peg. It started a rumor and the whale used all his UST to cause the panic where it caused UST to depeg to a low of $0.65. Do Kwon was forced to dump more bitcoin to defend the peg.
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Why is he even confessing his cryptocurrency activities to the priest? Are those sins? What is he expecting? That the priest would exorcise his crypto failures out of him? For all we know, the priest does not even understand a thing about crypto. The priest's question speaks about it.
If the man believes he is already in a state of addiction, he should probably seek help from a psychologist not a priest. The priest cannot solve his problem even if he'll be asked to pray 100 Our Fathers.
Yes but it was very funny the way it was written in the article. Are you gambling? And it was replied by it is crypto hehehehe. Have you tried memecoins and NFTs? Try it mr. priest. Rojas should have also asked the priest it is crypto, did you have to ask? hehehe. In any case, much of the people who might not admit they are gambling, are really gambling. This is only reality. |
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@DooMAD. Agreed, however, the insiders of Blackrock and Fidelity might be thinking about this differently if they are investing in USDC.
In any case, are you following the news on UST's depegging? It also appears that this might become a storyline where the regulators can argue for a ban on all stablecoins instead of regulating them hehehe. This will certainly reduce the market size of the cryptospace in America.
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@Daltonik. Is it a loan or have they dumped $750m of bitcoin to maintain the peg of 1 UST = 1 USD? Also, would that be enough? UST is presently $0.20 below the peg. It appears that Do Kwon will need to dump more. https://coinmarketcap.com/currencies/terrausd/It also appears that if Do Kwon can save UST and return the peg back to $1.00, will the cryptospace community still consider it a trustworthy stablecoin to hold? |
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I am quite certain their position on taking a loan against their bitcoin to buy more bitcoin is safe because they have more bitcoin to deposit in their account to avoid a margin call. However, taking leverage by borrowing against a volatile asset to buy the same volatile asset is very risky. The real whales of the cryptospace, Sam Bankman Fried, Changpeng Zhao and Arthur Hayes and the cryptofunds who follow them can manipulate the market to liquidate Michael Saylor. MicroStrategy’s CFO Phong Le explained in the company’s first-quarter earnings call on Tuesday that if Bitcoin’s price falls below $21,000, or around 50% from current levels, it will be forced to pony up more cryptocurrency to back its $205 million Bitcoin-collateralized loan with Silvergate Bank that was used to buy Bitcoin in the first place.
"We took out the loan at a 25% LTV; the margin call occurs at 50% LTV,” Le said. “So essentially, Bitcoin needs to cut in half, or around $21,000, before we’d have a margin call.”
The CFO noted that MicroStrategy still holds “quite a bit” of uncollateralized Bitcoin that it could use to answer any potential margin call, however.
“As you can see, we mentioned previously we have quite a bit of uncollateralized Bitcoin,” Le said. “So we have more that we could contribute in the case that we have a lot of downward volatility. But again, we're talking about $21,000 before we get to a point where there needs to be more margin or more collateral contributors. So I think we're in a pretty comfortable place where we are right now.”Read in full https://fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/ |
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I was shaking my head and laughing very hard when, according to the article, the priest asked are you gambling? and Rojas told him it's crypto hehehehehehe. In any case, I am very skeptical because this article appears to be an advertisment paid for by the Swiss rehab mentioned for cryptoaddicts. Also, they charge $90,000 per week to the people who lost everything in crypto? What will they tell you to battle the addiction? Trade stocks and bonds? The old cravings sometimes creep up on Stevie Rojas and work on his nerves and start to hijack his brain. But he says that he’s kicked the habit — that he’s quit cryptocurrencies cold turkey. A lot of people get into crypto. Rojas did, and more: He says he got hooked on it. Rojas is an entrepreneur in his early 30s, and he began experimenting with cryptocurrencies for all the usual reasons: boredom, curiosity, fear of missing out. He started with Bitcoin and discovered he liked the rush.
Rojas became — his word — an “addict.”
And so one day last year Rojas knelt in the darkened confessional of a Roman Catholic church in Manila, where he lives. He broke down and prayed for help.
Are you gambling? the priest asked.
It’s crypto, Rojas told him.
Is it really possible to be addicted to cryptocurrency? The idea is contentious, but it isn’t far-fetched — particularly to the lucrative addiction-treatment industry. From a $90,000-a-week Swiss clinic to relatively inexpensive teletherapies, crypto, of all things, has come to rehab.Read in full https://www.bloomberg.com/news/features/2022-04-22/can-you-be-addicted-to-crypto-trading-expensive-rehab-treatments-emerge |
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This is a first, but the same could happen agaisn't Chipmixer and/or other mixers. Is anyone else worried about what may happen if you move funds from a mixer to big exchanges after this? Of course one could always do another hop to "unlink" a set of coins from a mixer, but how many would be enough?
I cannot find the video, however, Charlie Lee said it would take at least 7 hops before an exchange will not mind where your coins came from anymore. The question however was only about avoiding problems on your account in Coinbase if your coins came from a gambling site. We cannot be quite certain if it would work if the source of your coins was from something more criminal. |
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I like what the commentator said during the few seconds before the bell rang and already knows what will be the result of the match was:
"DID WE UNDERESTIMATE DMITRY BIVOL?"
Those commentators already have a sneak peek of what will be the result as Canelo is struggling throughout the match. They even pointed out that it was the first time they saw Canelo in fatigue which is not in his vocabulary.
Bivol is patient, doing jabs carefully while having a good defense. He is not aggressive but just patiently waiting for the right timing to land a punch. That made Canelo disappointed and become upset and as a result, he began to lose focus and Bivol takes advantage of it.
This match proves that never depends on how big the name is to determine the winner like what others do here.
Clearly the answer is yes hehehe. Everyone was trusting much of the media hype on Canelo. In his weight division, yes he is the king, however, he is not Pacman. Also, I know I am not always correct in my predictions, however, it would help everyone as a bettor[/b] to be skeptical of any article or news that any mainstream sports media publishes. Many news writers are paid for by someone to spread hype, this very much similar to cryptonews media during ICOs hehehehe. |
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I voted again no idea similar to last month's sentiment poll. I want to agree with @adaseb where statistics implies that the next weekly candle will be a green candle, however, where the world presently is, we cannot be certain anymore. China might invade Taiwan, UST might depeg, Elon might dump or Saylor might be liquidated.
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