Post
Topic
Board Economics
Merits 2 from 2 users
Re: Is TERRA/Luna kickstarting a new Bitcoin Standard?
by
hugeblack
on 18/05/2022, 15:07:40 UTC
⭐ Merited by Rikafip (1) ,LoyceMobile (1)
How's this going? It's kinda ironic you mentioned turning it into a lesson.
UST isn't backed by anything anymore. I'm surprised it still has 1.4 billion dollar market cap and 12 cents per coin. I'd say it's pure speculation.

It was a good deal, the details of which are almost as follows:

I deposited $100 USDT to 250 UST and after a few deal I made:

 - $175 USDT
 - 0.00341824 Bitcoin (BTC)

The good side is that I was able to sell at the right time but unfortunately then everything fell apart.

Judging by this post, he already sold UST for bitcoin, with profit. Well, at least I hope he stick to that plan and sold within 3 hours.

Yes, I sold, from the moment I saw the collapse of Luna's price and the infinite print I was sure that the project was dead. Grin


I think it will be the case of the year, because there is something wrong with the project (not about SHITCOIN or Bitcoin Standard only,) I don't think that selling 80,000 bitcoins will not fix UST/LUNA unless there is an algorithm failure or price manipulation, or scam.
If a thorough investigation is conducted, we may get some new information.