Crypto Luna

 

These days, both those interested in Cryptocurrency and For those of you who are not interested, you will have heard the news that the LUNA project failed, and some of them lost money to the point of committing suicide.

Things to say about this There are a lot of interesting things, but I decided not to talk about them because I want to keep my cool.

Among those who have decided, some are angry, I would like to say a few things that I think should be said because I see investment mistakes right in front of my eyes. I can't tell you everything, I'm going to pick and choose based on the most common comments. Among these selections, The letter will be long.

1. People are so distressed that they commit suicide. Is Christo a Scam?

Christo Stock, An investment (asset class) such as Forex and real estate and a financial market (Capital Market).

The difference is that other asset classes operate outside of the regulatory framework of relevant authorities, while Christo is a market that is independent from the regulatory framework of such authorities. And in the rest of the asset classes, it is difficult for ordinary people to invest directly, but Christo can be directly invested by ordinary people.

I am also free from the regulation. It's a real risk because ordinary people who don't understand much about investment are getting exposed. But it's not a scam at all.

Even in markets that have relevant regulations such as ordinary stock and forex, Insider Trading, Pennystock, Market Manipulation, Coordinated Attack, Pump and Dump etc Scaming Schemes.

If there are still many scams even in markets within this regulatory framework, it is bad enough that there are many scams in the Christo Market, where the regulatory framework is empty and there are many ignorant people.

Many of the Scams found in Christo are not new. There are many schemes that exist in other capital markets since the beginning.

But all Christos are 100% not Scam. There are many innovative projects.

So, to make it visible in the eyes, it is said that Christo is a "scary forest with black eyes". It was as if there were terrifying wild animals waiting to hunt anyone who entered the forest. rare orchids, There are also precious things like medicinal herbs. It is not easy to travel safely in this dark forest. You may need to become an expert hunter who is proficient with various weapons and is alert.

(Parents - I'm reusing the metaphor from Dan Robinson's article Ethereum is a Dark Forest. In that article, he wrote about MEV Bots. This is not about MEV. I'll talk about that later.)

If you don't have the necessary skills, If you can't take precautions, it's best to stay away from the start.

2. Cristo prices are falling

It's not just that the prices of Christo are falling. All the risk assets are falling. The stock prices of FAANG-listed companies like Netflix have fallen about 75% from their All Time High (ATH). Facebook over 50%; Paypal over 75% Shopify over 80% etc. Stocks that can be said to be relatively safer compared to the crito have fallen brutally.

Covid-19 extreme inflation, Supply chain issues; Due to the problems of the war in Ukraine, they are suffering the consequences of the general economic lethargy of the world.

Crypto Grandfather Bitcoin has been widely predicted to be worth more than 100,000 dollars per coin in 2022, but now it is plummeting. Still, it's not as bad as some stocks.

3. LUNA and UST

UST is an Algorithmic Stablecoin. In the simplest terms how it works, you can give LUNA tokens and withdraw UST. If you stake UST in Anchor Protocol, you can get more than 19% annual interest. In addition, there are other opportunities to earn interest by holding UST, including Liquidity Mining. Since UST is a stablecoin pegged to the dollar, there is basically no price fluctuation risk. 1 UST = 1 USD will always be.

As UST demand increases, LUNA is also in demand. LUNA is not a stablecoin. If the demand is high, the price goes up. Therefore, investors who anticipate such a price increase invest in the LUNA token.

One day...Saturday On low liquidity days on Sundays, a person or an organization intentionally and pre-collected USTs are bought and exchanged at the Decentralize Exchange called Curve. So, since Supply Demand is not equal, UST is no longer 1 USD, but it drops a little (I think it will be around 0.95).

There, some people who shouldn't change the price of their own USTs will drop even more, so they hand over their USTs and take out LUNAs of equal value and sell them back.Because of this, the price of LUNA has fallen.

In this situation, both UST holders and LUNA holders started to get a little worried. This person/organization started to sell more than 100,000,000 Bitcoin coils that had been borrowed in advance. She won't lose by selling like this. One-sided short positions have already been opened. In the crypto market, where Bitcoin is falling, LUNA is also falling, and they are very worried.

On the outside, it's like a bank run because people are worried about it, and it's a bank run. In the case of LUNA/UST, people are worried and rush to release USTs. LUNA Sell ​​it quickly and the prices will drop. Some people who have leveraged positions are liquidated. When short sellers come in and sell, it starts to feel like a bank run. From over $100 per initial token, it's now barely worth a penny.

LUNA was a Ponzi from the beginning. Anchor needs to have enough revenue/value to pay more than 19% interest per year. It is only because there are more and more people coming in that we can give before there is no value. I mean, in this problem, the LUNA group is running away with people's money. It's not like lying and going to a scam. Ponzinomic is a Ponzi-friendly Tokenomic, when a big animal deliberately calls for it when the strength is weak.

A person whose LUNA tokens are worth (2) billion will be worth only $100 within (5) days. It's good to be afraid. Those who sold their house and put it in. Those who borrowed money and deposited it. There are also many people who have put in the things they have collected after years of painstaking searching.

4. Is Cristo a big casino?

The lifeblood of a capital market economy is the Capital Market. Capitalism was invented by the Dutch in the 17th century, and with the investment of capital from the people of Amsterdam, the Dutch East India Company built ships, Both the company and the people of the city became extremely wealthy after expanding their footprints around the world.

Most of the developing countries, including our country, do not have an elaborate capital market and have not had the opportunity to interact with the world's capital market. So there is a disconnect between those who have capital and lack of investment opportunities and those who have ideas/work but lack capital and development is not getting what it should.

CRISTO is a decentralized system and is not under the direct control of any government. It's like a global capital market that anyone from all over the world can connect to. That's why it's like a way to connect to the world's capital market, and people from developing countries who didn't have access to it before are relying on it.

This investment opportunity, It is inevitable that the opportunity to connect to the financial market is dominated by those who want to get quick and easy money like a big casino. From the beginning, those who love to gamble are not only Christo, If they can bet, they will bet everything they find.

The problem is that when I see people who are not originally gamblers, like people who have grown overnight before my eyes, I would also like to get it. I also want things like that. They don't see that if there is one (1) rich person, there are also (100) people who have become dogs.

Do you want to be a rich man who acts like a big gambling house where you can get money quickly and easily? Do you treat it like a forest black eye and avoid it from a distance? Whether you treat it as an investment opportunity that you can ask for your own money is up to you.

5. Recommendations

Actually, I don't want to talk about Christo at all. What you see before your eyes, It's not good not to say something that I already know. That's why, in an indirect way, about compound interest. Don't follow what you see, If you are in a hurry to learn from your mistakes, you should intervene.

There are many things to say. I would like to add here -

- Becoming a rich man and becoming a dog overnight is really a rich man and a dog overnight. The chance of becoming a dog is higher.

- If you gradually accumulate as much as you can, gradually, it will improve over time, so in the long run, you will have better results. (1) Although 100 times the dollar is only 100 dollars, (100) times (10,000) dollars is (1) million dollars. You need to know how to use compounding without underestimating it. You need to be patient. Don't think it's silly to add this amount. I'm telling you to see because you won't see it. It's not that easy.

- If the ship is sinking, nothing will happen if you sit and pray. If you're praying in Thailand, there's only one thing to do. If you have to jump, you will have a chance to survive. As long as you're alive, you'll have the chance to try again.

- Don't miss a missed opportunity. Better opportunities will come. Sometimes too much is still difficult. If you're lucky, you might be able to hook it if you force it too early. It's more likely to be hacked in the future.

- Don't forget that you'll survive if you stay alert and skillful, because it's a jungle that no one can control. Rely on yourself Be yourself. If you don't have the skills you should, it's a good idea to stay away. Without having a risk management plan to face everything that happens, If you only have a dream, you will face tragedy.

- Those who want to invest in relevant technology, future prospects market conditions; the world economic situation; dollar price You may need to be a good student of stock prices etc. If you put it in today, there will be no such thing as being dead fat in the next (5) years. Risk Asset is a high risk asset, so there is nothing to be afraid of. Again, there are some lucky people who get lost in this way, but I don't see a lot of people who get lost because of bad luck. Entry and exit must be correct. To know when you should enter, You need to know when you should leave. It's not investing when you put it in and throw it away without looking at it. I'm trying my luck.

- Those who want to trade need to know FA, TA, PA. I mean Fundamental, Technical Analysis, Price Action. FA includes Tokenomic and Technology. In TA, you need to understand Chart, Support/Resistance, Risk/Reward, Trend Lines, Patterns. PA is to see the direction of the price. For example - Round numbers tend to bounce. Deviation in Range High/Range Low Long/Short Squeeze are possible positions. If you don't understand these things and click Buy/Sell, you are likely to break it.

In summary, to see it as a long-term investment opportunity without doing anything like a gamble. If you don't have the proper skills yet, please be patient and don't be discouraged. I want to say that this opportunity will continue to exist without running away from anywhere, so if you try again in the right way, it will become your goals one day.

Let's talk about how much you know, so don't do it. I can't say everything. If it's useful, use it. If it's not useful, just throw it away, right?

This letter is not at all an encouragement to make Christian investments. In the letter, he added to stay away. Because of this bad global economic situation, not only Christo, but even more should be avoided when all markets are down. A warning letter for those who are on the wrong path. Just a letter of encouragement for those who have lost.