short-the-luna-2-lunatic-problem
In this short clip, Florian and Jonathan discuss the Luna/Terra crash and how a bunch of radical evangelists are pushing their agenda on those who oppose the Luna 2 launch.
So let's talk about Luna 2 for a second. So a new, so just so everybody knows just a big update in case you didn't know, Luna crashed, USDT was impacted. Terra was destroyed. Do Kwan is a wanted man, possibly going, you know, in front of the courts at some point, because of all this scamming. But now that he's releasing a new Luna group to cryptocurrency and he's airdropping it to anyone who holds Luna and TerraUSD but every time they, so they're releasing this super slowly, they did a big chunk, like two days ago where everybody got, you know, coins in their wallet. And every time they release more of the airdrop, people are just turning around and dumping it. Luna two lost almost 73% of its initial value. It peaked at $19 and 54 cents and then has declined to the last time I checked it, which was $5 and 18 cents. Honestly, I mean, if you have 200 Luna that then converts to 200 Luna, two at $5 and 18 cents, despite whether you bought it at a hundred dollars, you get a little bit of money back. So that's what they're doing. They're clearing out.
I don't think they're like, uh, make you like, even meaning like, if, if you hold like 200 Luna, I don't think they're giving you 200 Luna too. I don't know where I've seen that but I think it was like some math, like formula, just to like, know how much Luna to you would get.
Oh, so it's
Less. Yeah, but this it's, I don't know as I've, I was not involved. I've just followed everything. And what was going on on the Twitter space, on the social media? Listen,
Florian I know you don't follow this stuff on Twitter, but I have to tell you something. I have tweeted out a couple of nasty things about Luna and people have attacked me. I can't believe it. Like I'm I basically put out a tweet that said, fool me once, shame on you fool me twice. Shame on me, investing in Luna Two is for lunatics. And that's that group is called lunatics. And then people really messaged me back and they were like, you don't know what you're talking about. Do Kwon is gonna save us all. I mean, it's really like mental stuff. These people are pouring more money into Luna 2 thinking that they're gonna make the same money that they invested in Luna one.
I don't know where I've seen that too. But there was something comparing, like when the internet started, there was a bunch of companies, there was probably like thousand different companies. It was like betting on who was gonna be like, come out of it. There was probably one or two, three. Now they're like showing like crypto with like 20,000 different cryptocurrencies. And now it's like, how can you handpick them and decide like, who's gonna get on top of it. Like in the future, it's pretty practically impossible. Might now be we were such in a bullish market that just all the prices were going crazy.
But you would agree. You would agree that if, if you put money into, let's say Shiba Inu, or let's say, Cardano.
Well, if, if I put money in Luna, you drop. And then the founder would be like, oh, I'm launching Luna three to save it. I would, it means like, I believe in the project. So I probably would try and be like, okay, well, look, I hope he's gonna do something because I've lost so much that I'm hoping like he's gonna be able to, to like bring it back to life. But it's it, when you get in this project, when you have like, you put your money, sometimes you put your savings into it. Of course. You're gonna hope that it's gonna come back, but rationally, in reality, it's, it's another story
You wouldn't, you wouldn't invest more into Luna 2
No, I wouldn't invest more. No, no, no.
Right, right, right, right. But you would, you would hold the Luna to the token in the hope that someday you may make back your money.
Like you don't lose money until you sell. Right.
Absolutely true. True. So
If you invested in Luna and you really wanted to make it, just hold it and see what happens. But at this point, like there's no way you can cut your loss, cuz it's already at, at this lowest.
Right, right.
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https://www.youtube.com/watch?v=Y0vQ-r6OPmg
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Created
1 year ago
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video/mp4
English