The guy that crashed cryptocurrency... Terra Luna

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The entire background of this situation and how one company ended up crashing all of cryptocurrency....

There is absolutely nothing that is perfect and this is a complete example of exactly that when you are artificially trying to manipulate the price repercussions can happen and they can quickly build up.

Basically this is a race to the bottom sometimes when you are dealing with run on the banks and everybody getting scared...

Wow this is a crazy story that has happened and it looks like there was a massive amount of collusion if not because of all of the fear uncertainty and doubt everybody keeping such a careful eye on their finances just pulled all of their funds out...

Definitely a stable coin needs quite a bit more stability.

And now we have quite a few individuals that are working on trying to recover their lives after this huge crash.

And as well I joke about price however now that I am starting to have quite a sizeable investment here on this blockchain and in cryptocurrency I am starting to understand more about this.

I mean back in the day one crypto prices were extremely affordable and this entire new idea wasn't having so many people involved.

Then right now worldwide we are just absolutely floored. Absolutely so much of this is growing building and ending up changing the world financial institutions.

And unfortunately after a couple of big hits like this there will be a whole bunch of changes coming through the systems and redundancies starting to be placed in.

Personally that's why I continue supporting the 13-week power down. Even though it does suck but I mean it inherently puts in quite a bit of stability.

Which is perfectly fine with me.

And again, try to invest smart I just got done throwing a bunch of my funds into new diesel pools. I am actually really excited about checking all this out...

And I have a feeling that some of these will make it and of course some of them won't.

Invest in, and trade wisely please.



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9 comments
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Ye! I just watched this yesterday :D
Its better good and interesting :D

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Yeah it popped up and as I was watching it I thought this is definitely good enough to share....

Thank you for your comment today!

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Cold fusion makes quite good videoes in generel :D

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It's an interesting story and there are several lessons available here, on of course is diversity. Another is risk and reward are always partners.

Posted Using LeoFinance Beta

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Absolutely brutal truths and I agree.

There were some people that were completely destroyed financially over this.

Luckily we took a hit but we survived!

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I feel for the people who lost big time. I was not affected and have been involved in crypto for a few years. I still to this day, do not all it investing but a gamble and everything I do in crypro i do knowing I am prepared to lose it all. That is why I still call it a gamble!

Posted Using LeoFinance Beta

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Actually it's done a lot more than just be a gamble for me...

I totally got a bunch of cool toys
And I totally got a bunch of amazing friends as well.

And hopefully after this uncertainty and doubt passes I'm sure that I will be able to take care of things here in a minute or three.

Just wait going to be some amazing things coming my way. Especially when I'm working on the law of compound interest... Come on baby I could totally use more of that interest.

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