Do Kwon to FORK Terra Luna (& Get Rid of UST)!!! Lost $1 Billion worth of LUNA (BIGGEST LOSS)

 

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BIG TERRA LUNA UPDATE (ALL OF CRYPTO is AFFECTED)!

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Timestamps:
0:00 – Introduction (Watch the WHOLE video)
0:36 – Do Kwon Wants to Fork LUNA & Get Rid of UST
1:19 – His Motivation
2:11 – Terra is much more than just a stablecoin?
2:33 – What EXACTLY is happening? (fork, airdrop, distribution, timeline etc)
5:08 – Is this a good idea? (TLDR 1 Billion token airdrop)
6:29 – My thoughts
7:18 – BEST crypto IRA (ZERO CAPITAL GAINS TAX)
8:36 – Losing $1 Billion worth of LUNA
9:25 – Bitcoin Market Check-in (4 Charts)
11:08 – Final Thoughts

**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.

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Do Kwon to FORK Terra Luna (& Get Rid of UST)!!! Lost $1 Billion worth of LUNA (BIGGEST LOSS)

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47 comments

  1. Well I lost 99.999% of the 50 quid punt I had on luna as it dropped to -99%. It then dropped another 99% haha. So I will definitely do it again.

  2. I held Luna— I’m definitely up for a chance to recover my $$$. However I don’t trust or believe LFG at all. Let’s hope for the best as I expect a total loss.

  3. I understand an airdrop to those who held through the crash
    Even a prorate to give them a higher percentage than new holders
    I don’t agree that the new holders get burned and those who sold on the way down get a bail out
    I apologize for sounding harsh but it is sounding like new investors are getting kicked to the curb

  4. UST holders Definitely need their money back stable coins are suppose to be stable and not dropped to zero

  5. Why all the complexity with the forking airdrop and vesting schedules? I’m sure Monopoly money would just as easily achieve the same result

  6. If they can promise me full value back I would be willing to wait up to 1 year locked.

  7. @Darwin Kamto ouch. I bought a million luna after the collapse 😁. Let’s see where this goes….

  8. They should put an auto burn per transaction in the terra classic before they abandon it.

  9. Binance Luna worth $3,000 not $300,000 like you said on the vid bro! 🤯 insane!

  10. He says that this proposal is “in addition to best efforts by LFG to make $UST holders whole”. I haven’t heard anybody discussing whether this means that this proposal would be in addition to earlier plans to compensate UST holders, or maybe some new plan. Any thoughts?

  11. I had 306 Luna during depeg. Amazing dApps and great UI. Yeah save the ecosystem. I still haven’t sold any Luna and in fact have 8000 now. Used about 10million to buy nfts. People that hodl all the way down want this I’d imagine. New buyers that buy at .0000xx want a burn to become millionaires, ahahahaha

  12. Prevents dumping, provided tokens to needed services and gives allocation to holders, stakers, and other luna derivatives. It’s actually a brilliant supply delivery. Lots of parachains do this. Large unlocks just dump price.

  13. I bought a $50 moon bag, most of it at 2 cents. Looking forward to the price coming back to some extent.

  14. I started buying after the depeg but b4 they shut down the blockchain, I was buying on the way down from 10 bucks all the way down to like 0.003 cents. I got like 1mill coins, we’re do I stand?

  15. It’s going to cause more problem splitting the community its just better to focus on the Luna original to fix it with burn….but if they think this will fix the situation but I side with CZ that it won’t work out in the end🤷🏼‍♂️💯

  16. GIVE ME INVESTMENT ADVICE AND TIPS DIRECTLY.”

  17. Not giving Terra or Do Kwon another chance, too many other great blockchains out there. Plan sounds desperate – I just want my money back.

  18. I honestly think they will do both. Burn old luna supply and create a new coin. Great way to start a new coin forsure airdrop a supply to existing holders. Im pretty excited. Holding 2.3m coins

  19. @Nick Fury I find it laughable how you added ADA at the end as if it’s a safe investment compared to the 1st two. Nice one troll.

  20. In the words of the great George Bush
    There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.”

  21. @Christos Menelaou Right $100, if it magically returned to it’s ATH*, which is the punter’s dream when they’re buying large quantities of scraps. (~510,000 x $113)

  22. Where is the value amount coming from? How will the classic raise in value? Basically how are they setting the price of the new coin? And is work still going to be done to add value to the classic. Plan doesn’t explain this.

  23. You know it would be amazing Austin, if they were to pay a portion of the proceeds from the new coin to own to old coin holders to help make them whole

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