Hmm, a year ago something I never thought could happen happened. I was buying the dip when Luna was crashing just hoping that it would bounce back. I learnt the actual meaning of crypto volatility that day.
We need more of people who think of the future in the crypto space, cryptocurrency is the future and we need people who can run with this vision, not those who are greedy to exploit and alter a long term process...
One of the lessons I learned from that disaster is that no matter what the last letter is, A or C, I wouldn't touch it with a ten feet pole. It's hard to get that lost reputation back but gladly there are many other promising options.
I think everyone that was in crypto remembers this event. These kinds of events do make people scared of coming into crypto so hopefully we have less events like this moving forward :')
3/🧵 | Meanwhile, UST (Terra USD) was facing its own issues, causing a major depegging event that wiped out an estimated $60 billion in investor funds.
This is why crypto investment is not for the weak ones who would opt out when challenges like this show up. Do Kwon is someone we can learn from that despite what happens in the crypto sphere, we should be focused and committed.
Wow, even before clicking to read that post of yours, I think you really did great in explaining the whole article which these threads, good job. let me check the post out now.
Not as bad today but still fairly chaotic.
Once you think you've hit rock bottom... you always find that you actually have further to fall ;)
Hmm, a year ago something I never thought could happen happened. I was buying the dip when Luna was crashing just hoping that it would bounce back. I learnt the actual meaning of crypto volatility that day.
You weren't along buying that dip...
Giving the smart money the exit liquidity they required.
But I'm happy to hear you learnt a lesson and came out a stronger, more resilient crypto investor :)
We need more of people who think of the future in the crypto space, cryptocurrency is the future and we need people who can run with this vision, not those who are greedy to exploit and alter a long term process...
There's no doubt going to be more failed projects and experiments.
Crypto is still all so new and right on the cutting edge of tech.
But yep, like you said, we need more people looking to a sustainable future.
One of the lessons I learned from that disaster is that no matter what the last letter is, A or C, I wouldn't touch it with a ten feet pole. It's hard to get that lost reputation back but gladly there are many other promising options.
The price of the new version got smashed on the anniversary date too.
Insanity if people lost on LUNA and went back for more on this new one.
I'm sure there are some "believers" who went back into the burning building. Some will never learn.
"Great news! We changed that A to C, now give more money"
But now, the crypto market is booming and infact taking over the market. Crypto is crazily progressing now.
Still a longggg way to go before I'd call it booming.
But yep, we're hopefully on the right path :)
Wow. What an educational #threadstorm. I learned so much. And you boosted my positivity for the day.
Honestly mate, I think about your decision to be more positive a lot.
For the sake of my own mental health, I'm really trying to do the same thing.
Keep doing what you're doing and thanks again for the inspiration! :)
You just made my day. If not my week.
Thank you.
!BBH
@forexbrokr! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (13/50)
I think everyone that was in crypto remembers this event. These kinds of events do make people scared of coming into crypto so hopefully we have less events like this moving forward :')
Yep, whenever I talk to a normie about crypto, it's always a negative response and 99% of the time they know of the LUNA crash/scam.
Irreparable reputational damage.
Yup and pretty sure they know of FTX as well and who knows soon more exchanges might be no this list as well :') doesn't look
How about now? And what happened after such chaos?
Have you been living under a rock? ;)
UST went to zero, normies lost their life savings and Do Kwon gets to live the life of a rich international fugitive.
So it's from a chaotic situation to deeper chaos? 😆 I thought there is some indication that things are getting more orderly.
Wow, I can't believe it's been 1 year already! Time flies!
...when we're having fun?
Are we having fun haha?
2/🧵 | The price of LUNA (now LUNC) was spiralling down towards zero, shedding billions in market capitalisation.
3/🧵 | Meanwhile, UST (Terra USD) was facing its own issues, causing a major depegging event that wiped out an estimated $60 billion in investor funds.
4/🧵 | Despite the turmoil, Do Kwon, the co-founder and CEO of Terra, remained focused on the future.
5/🧵 | He continued to deploy more capital (Editor’s note: LOLL!!) and work on innovative solutions to bring stability to the crypto market.
6/🧵 | And now, one year later, Terra and its ecosystem have come a long way.
7/🧵 | Today, Terra is a thriving blockchain ecosystem that supports a range of stablecoins, dApps, and financial services.
8/🧵 | Its market cap has rebounded from the depths of the depegging event and its native token LUNC has seen significant growth in value.
9/🧵 | Terra is now considered one of the most promising projects in the blockchain space.
10/🧵 | As we reflect on the events of one year ago, it's important to remember the lessons we learned.
11/🧵 | The crypto market can be volatile and unpredictable, but those who remain focused on the long-term vision can ultimately achieve success.
12/🧵 | Do Kwon's unwavering commitment to Terra is a testament to that.
This is why crypto investment is not for the weak ones who would opt out when challenges like this show up. Do Kwon is someone we can learn from that despite what happens in the crypto sphere, we should be focused and committed.
13/🧵 | What lessons did you learn from the depegging event?
14/🧵 | How do you think we can continue to bring stability and growth to the crypto market?
15/🧵 | Share your thoughts in the comments bel…
16/🧵 | Jokes!!
Click my blog and read my lesson to take out of this piece of AI tomfoolery! 👇
https://leofinance.io/posts/@forexbrokr/meanwhile-in-a-parallel-universe
Wow, even before clicking to read that post of yours, I think you really did great in explaining the whole article which these threads, good job. let me check the post out now.
#threads #gmfrens
Haha hopefully we're moving toward the light now.
Wait, is that the right saying?
I don't mean that we're dying hahah.
Anywayyy...