Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Jesus Christ LOL some guy was on the news crying he lost 500k and about to lose his house because he put all his savings into crypto Smfh
That's what happens when you don't
A bgol membership...we said from day one
You never invest mortgages or rent
Money type shit..invest money u Are not going to miss....
That's basic crypto investment knowledge
just picked up 900k luna for $16.00 
just picked up 900k luna for $16.00
Where
Terra will have to let $UST go and save $LUNA
it's a great ecosystem. Once they do that they should do a reverse split
to bring the 30 Trillion supply down. imo....Boom!
Problem is about 40 Billion will be lost by investors on a STABLECOIN
Just terrible shit
it's a great ecosystem. Once they do that they should do a reverse split
to bring the 30 Trillion supply down. imo....Boom!
Problem is about 40 Billion will be lost by investors on a STABLECOIN
Just terrible shit
I saw people saying they took out their life savings to invest in that shit.
Greed
60 second explanation on why Luna failed.
damn guess ole dude never watched trading places lol
this movie taught me at a very young age you don't put everything on one stock or investment
I am waiting on them to verify me. Thanks for the heads up.just picked up 900k luna for $16.00
shit went up 15x yesterday
Man, I see. The damn website saying it will take a week to verify me. Shit, I am going to miss out. It went up 4 point just last night.
Man, I'm gonna be mad as fuck if I miss out on this gravy train. Shit.
i jumped on a few million for under a $100. Put in a few sales orders
Terra luna
I'm still holding Dogecoin. 
Perhaps… There may be a little truth in this statement.
Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently
Binance CEO Changpeng Zhao says he’s unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST).
In a lengthy thread, Zhao tells his six million Twitter followers that Binance reached out to the people behind Terra and made suggestions on how to mitigate the crisis.
“While Binance always aims to be neutral, helpful and protective of all users and industry peers, and we typically refrain from commenting on other projects, I will break that rule this time.
I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover the UST peg.
So far, we have not gotten any positive response, or much response at all.
This is in sharp contrast to Axie Infinity, where the team took accountability, had a plan, and were communicating with us proactively. And we helped.”
Binance went on to temporarily suspendLUNA and TerraUSD trading with its proprietary stablecoin Binance USD (BUSD).
Zhao reveals the reasons that drove the crypto exchange to halt the trading of LUNA and UST:
“An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange
Some of our users, unaware of the large amounts of newly minted LUNA outside the exchange, started to buy LUNA again, without understanding that as soon as deposits are allowed, the price will likely crash further. Due to these significant risks, we suspended trading.”
Hours later, Binance decided to resume trading activities involving LUNA and UST. According to Zhao, the move enables their users to convert their LUNA or UST to other digital assets.
“Was in a no-phone meeting for two hours. At least, there is progress.
LUNA blockchain resumed, no more minting.
And deposits, withdrawals and trading resumed. Trading is important for existing holders.”
Binance CEO Breaks Silence, Says Terra (LUNA) Should Have Handled the Collapse Differently - The Daily Hodl
Binance CEO Changpang Zhao says he’s unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST).
dailyhodl.com
Pure longshot bottom feeding gambling.
Wow
$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse - NewsBreak
Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD. TerraUSD — or UST, for short — has fallen well below its intended $1 peg. By Monday, it was trading at just 9 cents....www.newsbreakapp.com
Do Kwon proposes Terra hard fork to save ecosystem
cointelegraph.com
Do Kwon proposes Terra hard fork to save ecosystem
It is the second proposal to salvage the LUNA ecosystem after a week of record market volatility.
cointelegraph.com
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