Quote from: Sayeds56 on May 16, 2022, 06:39:47 PM

Quote from: shahzadafzal on May 16, 2022, 01:37:35 PM

Quote from: MFahad on May 16, 2022, 11:25:38 AM

Luna ka ye waqia whole crypto k Liye kaafi bad news ha q k AJ ye Luna k Sath hwa tho Kal ye Kisi AUR coins k Sath b ho sakta ha. Bhot se log jinho ne big amount ust ya Lunaa lagaya tha suddenly bhot km hogia. Es se Crypto ki wo famous Rule yad AA Gai "" Don't invest more than what you can afford"
Luna walo ne Aitraf kia ha k unho ne 8k price ka BTC sold kia tha Jo k i think big raqam ha mgr recover na hosaka.

This rule was always applicable and this is the basic rule # of crypto "invest only what you can afford to lose."

Ye kehna k ye LUNA ka sath hua ye kisi bhi coin k sath ho sakta... like said in my last post even bitcoin is not safe yes chances are less but still you can't rule out.

likan aik baat aur bahoot important hia k ye 8K BTC kahan use kiye? Actually plan that they should buy UST and burn any additional quantity. Aur ye backup plan nahi tha actual strategy thi... aur ye fail he iss liye hua jab isko backup plan k tor pe use kia.... agar ye kaam pehle kia jata but UST down ho raha tu tu thikn kafi kuch different hota.

Shahazadafzal Bhai, You are absolutely right. What happened with Luna is an eye opener for all crypto community. My suggestion is to always use stop loss while trading or even when you are holding your funds in any exchange becuase that is the only way to protect your portfolio from total loss. Any investment or trading without risk management is gambling.

I faced the same situation 4 years ago where I lost all my money in one coin but then I started hard work again and now I only keep my money in bitcoin and in ethereum. Because I know that in that coins bigger businesses are relying so if they will drop then will rise again any time soon.