Does all the money from luna have to go somewhere?

[lornadane]

That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.

So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.

Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.

But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe  one day the price of bitcoin will give them back profits and they will not leave bitcoin.

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[Joshapat]

That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.

So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.

Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.

But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe  one day the price of bitcoin will give them back profits and they will not leave bitcoin.

The market that has not been stable as it is now makes us safer if you move to a stable coin, with a large investment, of course it is very risky to invest in cryptocurrencies today, but for small investors, now is the best time to buy, prices are in low position, We can get opportunities for big profits if we dare to take risks by immediately buying.

[Taskford]

That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.

So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.

Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here.

But what he said is true that they are currently withdrawing all their money to the bank because they just want to keep their money safe from losses they don't expect and one day they will definitely come back when the market has improved, which means they still believe  one day the price of bitcoin will give them back profits and they will not leave bitcoin.

The market that has not been stable as it is now makes us safer if you move to a stable coin, with a large investment, of course it is very risky to invest in cryptocurrencies today, but for small investors, now is the best time to buy, prices are in low position, We can get opportunities for big profits if we dare to take risks by immediately buying.

This is maybe due to the past incidents happen to the market and traders are just recovering from those incidents happen for the past few months and I think we should better trade short than storing our funds on stable coins because we don't know what will happen and its to bad for us if we miss some opportunities if we let our money sleep with those coins in our wallets. But before we get those big profits we should feel how the market works at the moment since if we see greenlight that will occur then maybe its good for us to buy and accumulate some huge profits later on.

[stompix]

Considering $10-20bn in liquid assets might've had to be reassigned quickly and a lot of people who understood the fundamentals of luna probably converted their ust and sold each for a dollar (and dumped their luna too) - but I'm not sure if this actually happened much or how much ust there were before the crash.

You're mistaken about one thing.

You assume that there were 20 billion behind Luna when there weren't, the price tag on them was 3.5 billion but ended with just 80k BTC BTC being liquidated between 40k and 30k, so far less than that. Second, there was no money in LUNA, the money invested that crated that artificial market cap was not in the pockets of the holders of LUNA, they went in the pockets of the ones selling the coins!
Just as when you buy a car worth 50k, the money is not in the truck of your car but is in the pocket of the dealer.

So, the amount of money that was actually taken out of LUNA (by tricking some morons to pour cash into this scheme) might be far, far less than that and it might be in the range of a few tens or best case scenario hundred of millions.

Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.

The price on the 9th was 1$, 6 days later it was less than 20 cents, most of the UST was held in Anchor by investors, and most of those didn't even have the time to react or a way to get out of this and exchange for any other coins, remember that UST was sold by Terra to finance their Bitcoin buying plan, so again, highly likely that there are millions of USDT that are still being held by their owners who just see 1$ drop to 1 cent, no value was carried over whatsoever.
 

[adaseb]

In bear markets generally the market caps are always overinflated. And the opposite is true in bull markets. For a mid cap coin, it doesn’t take much sell pressure to decrease the market cap by 10-20%.

In bull markets it’s different. Usually dips are buying opportunities and it’s difficult to bring down the market cap too much. Markets are more liquid and harder to move. Now it’s the opposite.

[Wong Gendheng]

I received Terra Classic and Airdrop from Terra in Binance, if I see a discussion in many exchanges, I am still optimistic that Terra will soon rise again, they say they are waiting for the right time to return, and the thing that makes us optimistic is that they save large numbers bitcoin So they can immediately switch to Terra.