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Showing 6 of 6 results by tooken2
Those who bought later will get screwed. They were greedy and wanted to get rich on other people's losses but they lost their money instead. Nobody cares. The way I see it, whoever bought LUNA after the hacked, donated their money to DoKwon and the other LUNA holders.
But let's wait first. Maybe DoKwon will come up with another token for the people that bought LUNA after the hack. Who knows? Life is full of surprises.
But let's wait first. Maybe DoKwon will come up with another token for the people that bought LUNA after the hack. Who knows? Life is full of surprises.
Now, now... let's not be so hasty in our judgement. Buying on the dip is part of the investment, and we can't fault people for wanting to get rich. That's why we invest.
I was one of those buying after the hack/attack/whatever-cause. My gripe is that many of us were not aware they added almost 6.8T coins IN 3 DAYs to the existing 764M coins (a regular company would need to have shareholders vote on increasing outstanding shares)... that's almost 9000 times more!!!... and dilute its value a lot more than it would have been on its own downward. By the time we found out (by the end of the 3rd day), it was too late.
Don't know how I would feel about it if I had bought it at the 100$ range...
Bought Luna for the first time ever at 0.00000something after it collapsed
next day did 3000% up sold some and put sell orders for the rest of the free bag in case it recovers
Hope it does so it buys me a Luna lambo
Luna is the next Shiba dog coin
I'm not mad about buying before it collapsed, whatever the price was, when there were 764M outstanding coins ... that was fair and square.
I'm mad about buying more when it starting to get below $1 while they were adding 6.7T coins, and kept diluting it, while not telling investors NOT TO BUY. Didn't know they could do that because any publicly traded company would need to have its shareholders vote if they want to increase the number of outstanding shares.
Looks like a big scam to me, especially now that the UST is back at $1 and stable.
The hell are you talking about ? UST is 92% off it's peg and currently sits at 0.0895
Where do you get this $1 figure from ?
good catch... i was looking at USDT, not UST... thanks.
still a big scam to add $6.7T to the number of circulating coins though (unless you know something else I missed).
Does anyone have good info on the new proposed LUNA vs. classic LUNA?
Whatever quantity you bought before the crash, when the total # of coins in circulation was 764M should be converted to New LUNA, 1 to 1.
Whatever you bought after the crash, when they started diluting the hell out of it by adding 6.7T more coins should be converted to Classic LUNA, 1 to 1.
Any thoughts?
Whatever quantity you bought before the crash, when the total # of coins in circulation was 764M should be converted to New LUNA, 1 to 1.
Whatever you bought after the crash, when they started diluting the hell out of it by adding 6.7T more coins should be converted to Classic LUNA, 1 to 1.
Any thoughts?
LUNA will never recover in term of its price before.
Before the crash, its price was around $80, with 764M coins in circulation, giving it a market cap of $61B.
But they increased the number of coins to almost 6.8T in 3 days (added 1.8B on 5/11, 185B on 5/12, 6.7T on 5/13), so if you simply divide the market cap before the crash by 6.8T, you would get $0.009... let's round it up to $0.01, or 1 cent. So even if LUNA can get back to its pre-crash market cap, it's only worth 1 cent.
What bothers me is that if a company wants to increase the number of outstanding shares, they would announce the board recommends it, but still goes thru the process to get shareholders to vote. Not here, Do Kwon and his board just quietly did it, and diluted LUNA value to nothing, but did not tell investors NOT TO BUY... Looks like a big scam to me, especially now that the UST is back at $1 and stable.
Before the crash, its price was around $80, with 764M coins in circulation, giving it a market cap of $61B.
But they increased the number of coins to almost 6.8T in 3 days (added 1.8B on 5/11, 185B on 5/12, 6.7T on 5/13), so if you simply divide the market cap before the crash by 6.8T, you would get $0.009... let's round it up to $0.01, or 1 cent. So even if LUNA can get back to its pre-crash market cap, it's only worth 1 cent.
What bothers me is that if a company wants to increase the number of outstanding shares, they would announce the board recommends it, but still goes thru the process to get shareholders to vote. Not here, Do Kwon and his board just quietly did it, and diluted LUNA value to nothing, but did not tell investors NOT TO BUY... Looks like a big scam to me, especially now that the UST is back at $1 and stable.
Everyone buying Luna haven’t done any research you see they keep adding coins and lowering the price this morning they had 700 millions coins in circulation now they’re up to 6.5 trillion and market cap is back to 40 billion instead of what it was this morning at 2 billion they are just stealing from us
This what I have been telling people i know. Buying on the down is normal, but what many people, including me, did not know is that while we were buying, they diluted the hell out of LUNA value by adding almost 6.8 trillions coins... yes, trillions... to their existing 764 existing coins:
5/11: 1.8 billions
5/12: 185 billions
5/13: 6.7 trillions
If a company wants to increase the numbers of outstanding shares, they would announce the board recommends it, but still gets shareholders to vote. Not here, Do Kwon and his board just quietly did it... Maybe there are people who got this news early, but we only found out late on 5/13. Had we known on 5/11 or even 5/12, we would not have bought. Just dividing market cap (when it was at $80 x 764M coins) by 6.8T coins, it would be shitcoins even before the attack.