Happy B-day! You’ll find my happy b-day to you again in the big comment I left on Raoul and Ash’s talk on the 13th - where I gave my two cents regarding LUNA
Very thoughtful comment and I appreciate the shout out in the post :) The Luna Foundation Guard apparently still has a lot of BTC. Who knows what they will do with it? I wouldn't count LUNA out just yet either, but I wouldn't recommend buying it either. It seems like you've taken a sensible bet on it. The upside payoff could be massive. Could surely end up being the trade of a lifetime. We'll see just how much sway these VCs have in such a situation.
Considering the "Rise of DOGE" - who knows? A lot of seriously vested people in that ecosystem. I think if I were them, I'd be real sober but very keen to try any options. Consider this - The likes on CoinGecko have increased for LUNA by about 30,000 in a day - the sentiment vote increased from 42% "good" to 69% "good" in a day. That's more likes and better 'apparent' sentiment than AVAX. Maybe it's a bunch of Terra troopers out clicking buttons, but something to consider. I have no clue how this ends up, but worth throwing $100 at. At the very least LUNA will probably be the coolest meme coin / 'NFT' to say I've got 10 years from now if it all goes to infinity zeros. Let's see what happens with Binance and other big investors. CZ definitely shows concern and interest. --- My purely role of the dice bet is that it goes back down to five zeros again, and then to six zeros. Then, they push the revival plan a lot. I'm thinking that Terra will want to buy a bunch of the LUNA right now or after another crash before the push for the revival plan. Who knows? The market cap is still so big, that I'm guessing it's gotta crash a bit more.
Currently, Gecko is reporting trading volume at three times it's market value. That is definitely a jaw-dropper at over 6 billion dollars in trades per day of a thing that has a market cap of around 2 billion dollars.
Here's my (new) guess - based on what CZ just said about dead cat bounce - people panic sell again. When it gets down to a market cap of $10 million (for a brief period), I'll buy a couple of billion - do the FACTOM thing.
Definitely smart to wait for it to at least crash a bit more. I think once the unstaking period ends (it takes 21 days to unstake your LUNA) in two weeks or so, we'll see another significant drop in price.
Happy B-day! You’ll find my happy b-day to you again in the big comment I left on Raoul and Ash’s talk on the 13th - where I gave my two cents regarding LUNA
Same to you, my friend! Wait... can you post the link here? Did you post it under the RV Daily briefing?
It was an update on the current situation - not the Daily Briefing:
https://www.realvision.com/shows/raoul-pal-adventures-in-crypto/videos/an-update-from-raoul-just-what-is-going-on-in-crypto-brOY?source_collection=3c97f854117f4d3ea62350df2291bc62
Happy B-day, and much congratulations on job!
Very thoughtful comment and I appreciate the shout out in the post :) The Luna Foundation Guard apparently still has a lot of BTC. Who knows what they will do with it? I wouldn't count LUNA out just yet either, but I wouldn't recommend buying it either. It seems like you've taken a sensible bet on it. The upside payoff could be massive. Could surely end up being the trade of a lifetime. We'll see just how much sway these VCs have in such a situation.
Considering the "Rise of DOGE" - who knows? A lot of seriously vested people in that ecosystem. I think if I were them, I'd be real sober but very keen to try any options. Consider this - The likes on CoinGecko have increased for LUNA by about 30,000 in a day - the sentiment vote increased from 42% "good" to 69% "good" in a day. That's more likes and better 'apparent' sentiment than AVAX. Maybe it's a bunch of Terra troopers out clicking buttons, but something to consider. I have no clue how this ends up, but worth throwing $100 at. At the very least LUNA will probably be the coolest meme coin / 'NFT' to say I've got 10 years from now if it all goes to infinity zeros. Let's see what happens with Binance and other big investors. CZ definitely shows concern and interest. --- My purely role of the dice bet is that it goes back down to five zeros again, and then to six zeros. Then, they push the revival plan a lot. I'm thinking that Terra will want to buy a bunch of the LUNA right now or after another crash before the push for the revival plan. Who knows? The market cap is still so big, that I'm guessing it's gotta crash a bit more.
Currently, Gecko is reporting trading volume at three times it's market value. That is definitely a jaw-dropper at over 6 billion dollars in trades per day of a thing that has a market cap of around 2 billion dollars.
Here's my (new) guess - based on what CZ just said about dead cat bounce - people panic sell again. When it gets down to a market cap of $10 million (for a brief period), I'll buy a couple of billion - do the FACTOM thing.
Despite CZ saying he'll support the Terra community ( https://cointelegraph.com/news/binance-ceo-cz-to-support-terra-community-but-expects-more-transparency ) - I still expect a plummet. Some bad news will come in and create a panic sell - my guess.
Definitely smart to wait for it to at least crash a bit more. I think once the unstaking period ends (it takes 21 days to unstake your LUNA) in two weeks or so, we'll see another significant drop in price.