Post
Topic
Board Altcoin Discussion
Re: Are you following very basic crypto rules?
by
Silberman
on 19/05/2022, 20:18:10 UTC
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Good thing I am not into these whatever Luna is/was. I just hope that people would someday think rationally to what they are about to get themselves into. I feel bad and sad for those people you mentioned that did the unimaginable due to this.
I guess the hype really got into them thinking that they'll be in their safe haven no matter what happens, but you know it is crypto and we're all aware that there are no guarantees in life.
What happens is that markets can be incredibly irrational, while in theory our movements should be very calculated with very defined intention, the truth is that only a small minority trades like that, the rest are heavily influenced by their emotions when they invest or trade and this exposes them to make all kind of mistakes that they would not make in other aspects of their lives, so this is what causes a project like LUNA to go up in value and then dump all the way to zero, if people were actually rational LUNA would have never gotten such a huge support from the community.