Crypto markets crashing, anyone lost money in Luna?

[Adnan12333]

So as we know that crypto markets are crashing for the last few months and the last 2 weeks have been the worse. Anyone lost money in crypto?

I was lucky enough that I had converted all money into Fiat so thankfully didn't lose anything besides couple of hundred dollars in reliable cryptocurrencies so I am not worried about it

The worst crash was for Luna which lost its value by 99.99% falling from about £66 last week to less than £0.01p basically about to extinct. I read comments on Twitter such as people losing $64,000 saved for medical treatment are valuing $17 in just a week. Some people were planning suicide and others were on the verge of becoming homeless

Has anyone from this forum lost money recently? Feel free to share your opinion

I am thinking of buying BTC . Is it good time to invest

 

[dBSPL]

Luna delisted from almost all. Anchor Protocol going to be second just after Luna foundation. Any asset instruments solely based on UST can not survive this. Anyone remember the Bitconnect ponzie? The effects of the game played by Kwon will be 10 times greater. Next are the defi's.

Stable coins are a big game in crypto world, BUSD is experiencing an incredible liquidity flow. One of the triggers for UST FUD was CZ.

The conditions for the perfect storm were already there when the US monetary policies, global risks and the crashing in Russel2000 etc, where the crypto markets now acted like organically tied.

 

[Hyde]

I am thinking of buying BTC . Is it good time to invest

Bitcoin is also falling but it's likely to find support at some point. The last time I bought bitcoin was when it was trading at £2600 so I am not sure how much bitcoin can fall in the current market.

I would suggest investing in ripple instead as it's very low around 31p right now so may not fall that much. The worst I see is it as 18p but can easily recover to 50p.

Cryptocurrency is a highly risky market so can't suggest any trades to be honest

 

[Skull and Bones]

I am thinking of buying BTC . Is it good time to invest

Don’t put all of your money in one go, buy little at every major dip. Accumulate, only BTC and ETH are worth buying, everything else is shit. Don’t be a crypto chutiya

 

[Hyde]

Don’t put all of your money in one go, buy little at every major dip. Accumulate, only BTC and ETH are worth buying, everything else is shit. Don’t be a crypto chutiya

Ethereum is the only cryptocurrencywhich has the potential of beating Bitcoin. It's full of science whereas other virtual currencies are mostly gimmicks

 

[AZ1]

 

[Ghazwa-e-Hind]

the entire crypto seems like scam to me

 

[Hyde]

View attachment 843501

Yeah, multiple reports of suicide are being reported on Twitter. It's so unfortunate as I could have never imagined a cryptocurrency with the stature of Luna will crash in a single day.

The crypto traders have lost trust in cryptocurrency as if Luna goes like that, a lot of other currencies could disappear overnight. So far I thought ICP was the most failed project in the cryptocurrency world but Luna has broken records in everything.

 

[SecularNationalist]

I've warned many times on this forum stay away from cryptos.

 

[Maula Jatt]

@TNT @blueazure were big into crypto
I hope y'all are fine

 

[AZ1]

so currently luna is way down should buy 1000 shares and sit and wait?

 

[LakeHawk180]

Does Pakistan have a domestic crypto exchange like wazirx in india?

 

[Imad.Khan]

I just bought back in, spread $1000 into a few coins including BTC, ETH and others

Edit: I also setup stop-loss at 15%, just to be on the safe side

 

[SD 10]

So as we know that crypto markets are crashing for the last few months and the last 2 weeks have been the worse. Anyone lost money in crypto?

I was lucky enough that I had converted all money into Fiat so thankfully didn't lose anything besides couple of hundred dollars in reliable cryptocurrencies so I am not worried about it

The worst crash was for Luna which lost its value by 99.99% falling from about £66 last week to less than £0.01p basically about to extinct. I read comments on Twitter such as people losing $64,000 saved for medical treatment are valuing $17 in just a week. Some people were planning suicide and others were on the verge of becoming homeless

Has anyone from this forum lost money recently? Feel free to share your opinion

cant really understand how it works........ so all of my investments are in real estate!

 

[STREANH]

I had sold most of my LUNA in my portfolio while it was ~60 USD. So the present loss was minimal (Around ~5,000 Indian Rupees) but overall I made a ton of profit from it.

I had pulled most of the BTC holdings when it reached 45k and there were a lot of warning signs for this crash.

Regardless, now is the best time to invest in the equities market as most of them are low. Crypto I wouldn't touch for atleast the next 1-2 months. It is still looking like it's going to fall.