RE: Ask Leo: What Have You Personally Learned From Terra LUNA/UST Collapse?

[acesontop]

investment without research equals gambling

This ones describes my situation perfectly. $2,500 loss here.

Posted Using LeoFinance ^Beta

Comments

[samostically]

Sorry about your loss.... these things happen. I don't think it's due to that anyway. Even with alot of knowledge, people still fell.

Its a case of trust. Luna had alot of people trusting them

Posted using LeoFinance Mobile

[gadrian]

Trust makes us do stupid things with our money sometimes. Even when I started to learn some worrisome things about UST, I didn't move some of those funds elsewhere (like in HBD), for several reasons:

• greed (better yield on the LPs)
• lack of alternative stablecoin in the Cosmos ecosystem
• inconvenience of moving the funds (14 days unbonding + bridging them via probably more than one blockchain)

Posted Using LeoFinance ^Beta

[samostically]

Thanks for this... I think it is what makes crypto and life interesting. We always have to trust something or someone.

Anyway, We learnt alot from LUNA, even if we had to pay for the lessons.

Posted using LeoFinance Mobile

[gadrian]

Anyway, We learnt alot from LUNA, even if we had to pay for the lessons.

Yes, we did. Hopefully, we will apply what we learned in the future.

[gadrian]

Yeah, I know Adrian. We need to be careful what and when we pick some of our investments in the future. We are still here! Every mistake we learn from is a step forward.

Posted Using LeoFinance ^Beta