Pantera Capital made $170 million profit from LUNA alone. Could they have felt the collapse of LUNA before?
Pantera Capital Cashed out LUNA in Time
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Pantera Capital made $170 million profit from LUNA alone. Could they have felt the collapse of LUNA before?
Pantera Capital Cashed out LUNA in Time
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Did they really buy in quite early in the days of $0.1 LUNA?
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There is a lot of misinformation about LUNA, so it's normal for new inexperienced investors to come. This deepens the collapse.
Even the fact that exchanges still list LUNA is a big problem. I'm not saying they should exclude it completely, but they could have suspended it for a certain period of time.
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Maybe LUNA appears on the Restricted List. It takes time for a security to get listed, and it takes time for a security to get delisted. When a security is under investigation in some way, it gets put on the Restricted List where trading is on it is halted. It's that way for stocks, so it could be that way from crypto at centralized exchanges.
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It's possible and I don't think many people got out in time. I think people might of thought things could be dangerous but nobody could really predict the actual timing.
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They made a profit of 170 million dollars with an investment of 1.7 million dollars. Is it possible to sell before the collapse? yes it's possible, that might be a good guess might be in good luck. But if I were a Luna investor, I would question that. Maybe there is nothing to cause a problem, but what if there is?
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The first thought that crossed my mind was they were involved with the takedown.
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Yeah, as soon as I saw that they had exited prior to the collapse, they moved to the top of the suspect list. It will be interesting to see if it comes out who attacked Luna. Was a well coordinated and funded take down.
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Suspect list? In what sense?
If Luna was backed properly this wouldn’t of happened no? Any stable coin is a waste of time. The USA government will come after all claiming to be dollar pegged and easily as anything. It’s convenient having a token or two for moving value when trading but now in 2022 it’s gotten to point where many aren’t backed at all. I don’t see how this isn’t a failure not a attack of a product that was healthy. The dollar is loosing value by the month, I just don’t understand the excitement many have for a stable coin. I understand the use case. But it seems like many now are jumping into these to earn interest and hold long. This won’t end well at all. We in my humble opinion should be getting outta the dollar snd into real crypto. Again obviously there are use cases. I’m just talking about the massive people holding for interest that is not even covering inflation. It just seems even here people are more excited that HBD is earning 20% then focusing on Hive. It won’t end well for any of these unless there backed fully and totally centralized which defeats the entire purpose of cryptocurrency.
Maybe I’m just not seeing something others are 🤷🏼♂️. But if I had to give my perfect vision here. Fork and end HBD. Pick a value and turn it into hive. I think it’s not going to end well. We can use lighting now to move Hive for bitcoin. I just especially see HBD as a easy choice to target because of the higher interest rate and no backing. It’s putting a big target on our backs. The treasury will want there tax money from the 20% and it will bring attention I don’t think people expect.
Who will the regulator send the letter to, asking Hive to stop?
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The first on the list I think would be Kwon himself, since the actions he took to try to correct the fall not only affected LUNA and UST but the entire market.
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It was also my first thought. I guess only time will tell if that is the case though.
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All these so called pegged coins will fail. at least most. The ones not backed bu much at all especially but all will be in bad position. The interest rates is what’s getting the government attention. I wish we’d end HBD all together. There’s no way it ends well. It should be about Hive alone. But outside of our home here even the literally claimed to be pegged directly ones where u can earn 8% interest, they will be crushed. Any actually decentralized will be forced off major exchanges and given the volume used on the big exchanges it won’t end well. I dunno I just don’t understand how most aren’t seeing this as likely. As of now just my opinion 🤷🏼♂️
I don't think HBD will really cause a collapse and I don't think the governments would stop targetting Hive regardless if we grew big.
I think the most they can do is take HBD off the centralized exchanges and possibly Hive. In that case, I still think it will be fine because we have a Hive and HBD pool on PolyCUB now if people need to cash out. Of course, it will mean that things will be harder to cash out though.
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HBD will never be on the big exchanges like coinbase or Gemini, but I see ur point 💯. Yea I don’t see anything I brought up destroying our platform here, I just think HBD won’t end well. I believe over time it will be proven u can’t have a pegged or “stablecoin” without backing. Hive would survive even a HBD collapse. It would be much lower for a while but I don’t see it breaking things for good. But the story of stablecoins esp unbacked ones won’t end well. It’s not backed by anything and it claims to be a pegged coin. It can’t end well. Unfortunately. For me it just seems misguided to focus so much on HBD instead of Hive like many do since the 20% interest especially.
And what do you think of Justin SUN's USDD with a very high APR?
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I wouldn’t touch it. But that’s just my opinion.
Honestly, that was the first thought that crossed my mind as well.
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There are a lot of big players floating around and this is what Wall Street does.
We need to be prepared for their attack.
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I absolutely agree with you. We need to be careful. The big players somehow end up on the winning side.
We have to be prepared for anything. Most importantly, we must manage the risk well.
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My thoughts as well…
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That is another interesting info. It seems there is more to this LUNA/UST fiasco
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I said that from day one. Maybe there is no problem, but I don't understand why nobody questions it.
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And now things are coming out, I wonder what else is there.
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I think there is a lot more, I even wonder what is the role of crypto exchanges in this regard.
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That will probably come out too, unless they are really good at keeping them hidden :)
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We'll wait and see.
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And pandora's box has only just been opened haha.
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It seems so. And something smells ugly :)
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I wouldn't be surprised if they were the ones behind the massive sell-off of UST and LUNA at the time of the crash.
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I actually more or less guess what happened behind this collapse, and it will all come to light in the future. A lot of things that will come out in a few months will surprise many of us. Those who follow the market will not be surprised by these.
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