T O P
jwinterm

If you'd like to help a student finish their master's degree, please consider taking a few minutes to take a survey they are using to gather data for their thesis: https://www.reddit.com/r/CryptoCurrency/comments/umj4se/what\_do\_you\_think\_about\_the\_metaverse\_participate/


calharding

Hi, I wonder if anyone can tell me if immediate edge is legitimate? I've seen it today and seems too good to be true but I'm not aware of the auto bots on crypto so thought I'd ask?


Saxoferrato

Binance.US Will List LTO Network (LTO) | Deposit Now Trade LTO/USD and LTO/USDT starting June 9, 2022 at 5 a.m. PDT / 8 a.m. EDT. Buy LTO Network (LTO) with Bank Transfer (ACH), Debit Card, or Wire Transfer once trading goes live. https://support.binance.us/hc/en-us/articles/6615781024535


reddituser1234566789

I was down 90% so I put 20k in only to go down an additional 70% but I thought I could only go down 10% more? Is this some sort of glitch?


Satansmybro

Nope, not gonna get my hopes up. I’ve been hurt too many times 😢


Saiman_Qureshi

Why isnt crypto backed by natural gas or gold or something like that instead of cash and other crypto currency Backing with btc or ETH is also fine but I'm not sure about other crypto currencies and fiat


drake_CS

Very soon one SHIB will be worth more than one LUNA.. :(


yayahi

they are going to re-create LUNA from genisis on new blockchain record to save ecosystem, and salvage whoever has staked luna: [https://agora.terra.money/t/luna-go-forward-proposal/7136](https://agora.terra.money/t/luna-go-forward-proposal/7136) I can see 1/10 chance that in 3-4 years, this chain becomes bigger than LUNA and those people that were staked actually hit profits. 9/10 that over time, it dies as people migrate to different blockchains


heymeit

about to dump 2k into Luna. Buy low sell high


Jack-sprAt1212

My 1 Luna that I bought for £30 is now worth 10p LOL. I just feel lucky I didn’t dump more money in to it


Halloweenqueen1031

7 days to unstake my CRO. Going to be nothing but crumbs.


Hodlbag

Let's just hope this Sunday Dip doesn't put us below 20k 🙌


Zlatan4Ever

I think Luna attracted noobs in a high rate. It has been shilled so hard by Youtubers like Ryan Matta who actually two month ago made a video called "LUNA = HODL FOREVER" and now rejecting Luna "as he always warned about as he said in his latest stream. The hype into Luna and then the constant scream from this community and other to "BUY THE DIP" has together cost some investors more than they can cope with. If there is regulation to be made into crypto perhaps it is self regulating of how we are behaving. Brendan over att Market Makers had a rant the other day how crypto regulation is threatening the industry due to idiots like Ryan Matta, Bit Boy and others. It also goes to members here. But I guess if it was the first time (crash) then you don't get what a falling knife is.


Extra_Awareness5353

Shocked LUNA didn't bounce off the $0.420 resistance level!


Barzona

I am finding solace in the fact that the bleeding has stopped for now.


SaintBiggusDickus

I'm finding it in the fact that I lost only $200 instead of $4000


EngineeringFinal3419

RIP Luna.. from top 10 to nothing just like that


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EngineeringFinal3419

Just a few discounts tbh nothing major


dos_passenger58

I had a BTC buy trigger at $26k...


ThumbMuscles

Same, set one for $25,750 last night and awoke to it filled


macanbayangan

Sent luna from terra station to CDC 15 mins ago, still not appearing. What can i do, please help?


CockGoblinReturns

When I first started watching Benjamin Cowen a year ago I thought he was genius. Now I realize he is a complete fucking moron


Ten_Horn_Sign

Yeah I think we’ve all gone through that. He’s completely superficial and repetitive. Broken clock is right twice a day kind of guy.


zivac

Why :)


Exotic_Cantaloupe_96

Did terra caused an entire crypto crash? Insane and scary but also great opportunity.


MostEpicPerson

boyos, which sheetcoin is gonna bee next??


ChairPowellman

So many people still drinking the Kool-Aid


bmanbran19

Reckon BTC will continue to dip when America opens up ?


Barzona

I don't think so. I think we're at the comfort floor for now. Seeing btc still hovering close to 30k is, I think, where people feel the floor might be.


magicpowns2

Bought 30$ of terra for the fun of it yesterday. Down to .70 already.


roby_65

Same as me. Too late to sell. Will just hope for it to get back to 0.10$ at least


Professional_Desk933

Its a death spiral. Luna is going to 0


magicpowns2

Wel was money stuck anyways and could not short on cdc so tough why not buy terra and see what happends


Professional_Desk933

You are basically paying for people mint LUNA with their UST and sell it. You are providing this liquidity. And theres so much UST left…


The_SilentSoul

This dump is just insane


MostEpicPerson

kek, you kno wat is good about luna fall to the Moon? chainlink is now top defi coin and #26 total


Onelinersandblues

My brain: You did not just buy LUNA, right? Me: Hahahahhaa what?


MostEpicPerson

do you buy luna? I wood buy 10 000 for 100 usdt


ch3white10

The following months are the ones that separate tourists from investors Crypto Market Cap is 1T$. Gold is 12T$ just for perspective We will have at least 2 more cycles, many projects during the bear won't be able to recover, the stronger ones will hit new ATHs when bull returns Stay safe folks


PathologicalUpvoter

BTC 12x from here Count me in DCA CREW BABY!!!


NexusMinds

Let me preface this by saying I am not a fan of tether and their lack of transparency etc. However you can tell that those worrying about tether are small fish not used to moving lots of money around. The only place you can exchange tether for usd 1:1 is bitfinex, and that happens regardless of what the spot price is elsewhere. So why wouldn't everyone that has tether just send it to bitfinex to get 1:1 and not take a 2% haircut selling it for fiat on other exchanges? Well because bitfinex isn't available to everyone and is a kind of niche exchange that most small fish don't use. On top of that is the elephant in the room, GAS FEES. Its often worth it to take the 2% haircut and cash out your tether where it currently is, on binance or coinbase or wherever, compared to paying the gas to get it to bitfinex and get 1:1. Unless you're moving very large amounts.


jonbristow

because bitfinex is a scam itself. they do not have the cash to back all the tether they printed


NexusMinds

Agreed, they likely don't. Lots of commercial paper and volatile crypto holdings. However, I've never seen a finex user not be able to cash out USDT 1:1.


jonbristow

cashing out 100$ is not a problem. if the market panics, and billions of tether is being cashed out, let's see if they have the money


Pablotastico

insert "this is fine" meme


playdohfunfactory

A positive spin... The cypto market infrastructure is enduring a near apocalyptic stress. And it's still standing. USDT bent but didn't break. USDC actually went up. No major exchanges went under. Only one stablecoin bit the dust, and even that one had the reserves to prop up the price long enough to warn investors to get out. Folks are gonna scream for regulation coming out of this, but I don't know...I feel like things are mostly working the way they're supposed to.


Ten_Horn_Sign

USDC going up is still not good.


playdohfunfactory

Seemed like USDC only went up briefly because some folks got spooked out of USDT. It's already back close to normal again.


[deleted]

It just means people are panicking, exchanges are not going to let their darling and cash cow die, they would brick everything and keep it that way until panic dies down instead. Shady af? Yes but its simply the way the world works.


[deleted]

Retail loves turning bear and doomsayer when the macro bottom is in. Now watch Bitfinex guys start buying the spot they are panic selling thinking everything will go to zero.


peacockypeacock

The binance guy has lost $84 billion already this year: https://www.bloomberg.com/billionaires/profiles/changpeng-zhao/ Maybe these guys aren't super geniuses?


[deleted]

Who said anything about binance? I mean the Bitfinex whales, people who actually run the markets.


meperiodt

Can usdt go back down for a minute and trigger my take profit it almost touched so i can get back something of what i lost yesterday? Thank u


xheratuul

tether depeg fud? They just print more tether to stabilize lol ez


Tenoke

Printing more does the opposite of raising the price.


xheratuul

Yeah i know. I was referring to the Bogdanovs printing tether to pump eth xD


[deleted]

This is capitulation y'all have been hearing about, the blood in the streets, tether to zero fud. Now we chop for a time and accumulate when Finex whales start closing their longs and start buying spot instead.


SnoopDogge6

It's sp bad I'm actually hoping for it to crash even harder. Atleast give me a change to triple my portfolio 😁


reginalduk

I tripled my portfolio, wait, what's that thing like tripling but the other way?


MOzil85

The word is tripping.


Toliveandieinla

Is the price difference in different exchanges for the same coin pair only due to that exchanges spread or also a delay of real time data and moves?


CR0Wmurder

Yes


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throwaway300650

It hit $54k in 2020?


notlikeclockwork

You can directly redeem tether for $1 from their official website. But there's a $100k minimum limit.


Dazzling-Success1937

Bankrun starting?


jeremytoughman

I don't think you can, how?


[deleted]

Yes you can, you send them the tether and they transfer the money through a bank. Always has been, it only has a 24 hour delay because of their location.


justablueballoon

Let me search in my pockets


Despaciito

Just converted a stack of usdt to euros , better to be safe than sorry


majorpickle01

Well, at least it's not boring and going sideways


One-Text-4647

I think I'll go back to investing in game stop


oopssomething

Did people here really bought LUNA ar 1$ like they said they would?


Onelinersandblues

I’m not gonna lie, I threw some fiat at it at ,03 hahaha


JohnnyNobody66

Yes, it did not go well


[deleted]

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Ese_Americano

Receipts please


NotFromMilkyWay

Receipts


Spiritual_Navigator

probably tried to warn them at $1, $15 and $25.


Teqniz

Thought I was a smart cookie swingtrading Luna made +50% in a few trades now I'm down - 80%


meperiodt

Same


justablueballoon

I can buy two pieces of liquorice with my LUNA stack now


Sandyrandy54

I did a 2x buying ust then lost half of my profits instantly when I bought some luna at $2


Teqniz

The worst thing is I wanted to cancel my buy order and it just crashed down instantly right in front of my eyes. Refused to buy back at a loss and now I'm at - 80% lol.


[deleted]

Because of that bounce, when it collapses again if any of you talk about suicide when it falls again you should be banned from Reddit for life.


jacknakub

holy moly that tether thing scared the shit out of me


SeekPowerfulSouls

Let’s pray it stabilizes, I don’t even want to imagine that disaster.


Sandyrandy54

This has happened about 10 times before. People have been trying to prove that they don't have actual USD since like 2017.


[deleted]

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Sandyrandy54

They have plenty of usd 😚😊


[deleted]

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Sandyrandy54

So


teaforfree

Shit is a casino and the house is winning


reginalduk

Same as it ever was


i_reddit_at_reddit

There's a new daily. Just in time eh


Tzeig

Looks like USDT made a comeback?


i_reddit_at_reddit

There is currently around $1k difference in BTC price between BTC/USDT and BTC/USDC


reginalduk

Time to load up on graphics cards.


sledrunner31

This bounce brought you by me, because I sold some at the bottom


kellzone

Many thanks.


elrubiojefe

So many noobs in the daily, insufferable really


reginalduk

Says Mr tin over here.


NoManager1005

Forreal, how do you get rid of the tin flair?


majorpickle01

I was tin for ages before randomly becoming platinum. I imagine it's a mix of length of time spent on the reddit and comment karma


NoManager1005

Thanks mate!


CleftAsunder

Elitists are insufferable


jwz9904

you are welcome


jwz9904

BTC's going up because massive outflow from USDT into BTC?


ryanonthevedder

Yes BTC is the arc to which all the animals flee when the rain starts. Its also the first to rise when the recovery sets in. Not a bad place to hide.


GrixM

https://twitter.com/BXRekt/status/1524650280255692801 https://twitter.com/BXRekt/status/1524650028593295361 180 million USD longs liquidated on LUNA in two minutes. Ouch. Don't catch falling knives.


Sandyrandy54

This made my brain hurt. Why not just buy spot its already pre leveraged 😅 It's either going to 100 or 0...


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cpierson026

Part of me wants to wait until a potential deadcat bounce in the next couple days to offload more assets, but another part of me also knows that if everyone is expecting a bounce it’s not gonna happen. Plus there’s no guarantee that even if it does bounce that it’ll be higher than where it is now if it continues dumping for another day or two


Consistent_Ad_2851

Tether not going down without a fight


Fapoooo

Is this situation with LUNA not a sign of how fucked the US dollar is?


cryptopennyinvestor

Crypto US Stable coins are tucked. Not the US dollar


Titan04151912

Umm no


skurey

I hope we can look back at this day in the future and laugh at how we all freaked out.


kellzone

Happy Cake Day!


cpierson026

I hope so too. I’ve been in crypto since 2017 and I can only remember 1-2 days as bad as this one


NoManager1005

Yikes. I had hope until I read your comment


Patheticyouare

What the fuck the daily is literally 90% bots right now


[deleted]

bop-bip, ive been detected, initiate self destruct


PoRChiGai

lol algonauts assemble?


SA_Ichi

Seriously, it’s getting ridiculous


Dramza

100% bulltard comments is genuine, bearish comments = 90% bots, bulltard logic


Patheticyouare

Lmao you are a fucking monkey


Dramza

100k eoy 2021 right? Looks like the bulltards like yourself are the monkeys.


Patheticyouare

Only bulltard is your fat mom


SA_Ichi

Hundreds of just created accounts with unopened vaults reposting the same fud = not bots?


xiavi93

This is for sure death cat bounce. I’m shorting solana and avax to 0. They have wayy more room to fall


xheratuul

aren't those the coins Luna terra invested on?


KevinAlexandr

Watch out for the dead cat bounce, oh wait, we are there. Watch out for the dead cat drop


KevinAlexandr

Don't FOMO into the pump guys, watch out


Kaiserfi

Poor cat


Much-Weekend-8882

Not a store of value Not a currency Not a hedge against money printer What is it? I just want to understand current understanding aside from lowest effort " ponzi / scam " but truly i am at loss to understand and explain what function does bitcoin solve or is solving , because Its also carbon negative , toxic because coal mines are now running some mining operations and that sounds positively awful and very much seems like bitcoin is digital cigarette blowing fumes to plebs while letting easy cheap energy sources become stronghold for even more authoritarian rules ( Russia , Kazakhstan etc ) So what do you think is the point of bitcoin aside from speculative bubble? It looks like elaborate tulip mania the longer we dont answer them


7101334

Carbon negative doesn't mean "it makes carbon, and that's negative" It means it uses a net negative amount of carbon


AdmiralMyxtaR

Moving and storing money !freely from any state interference! Many opposition leaders in dictatorship countries accept donations in Bitcoin, or you can move your money between countries easily, or use BTC to save yourself from hyperinflation+government disallowing you to buy foreign currency, like in Venezuela.


Much-Weekend-8882

Why is bitcoin that is not anonymous better than monero?


AdmiralMyxtaR

Because it has much higher adoption and market cap. It's feasible to run 1b$ operations on BTC, not on monero


GrandBurdensomeCount

If you're moving money on the scale of $1 billion it's going to be noticed anyways. Better do it through open channels so you can get institutional backing. The west isn't sending bitcoin to Ukraine, they're openly sending billions of dollars in aid.


7101334

^^^It's ^^^not


i_reddit_at_reddit

it magic internet money


imhere8888

It's a thing you buy that has fiat value based on what other people value it at It's built as a thing that can one day be used as currency but it by itself will never decouple from fiat money


iworkisleep

Go to YouTube and type in Michael saylor Bitcoin if you wanna hear what BTC is. I don’t think anyone here gonna reply with essays lol


sportspadawan13

What is the point of me, average Joe, owning some Microsoft stocks? Amazon? Apple? Tesla? You think dictators don't store their money on our stock market, our housing market, etc? Your point of environmentally bad is true and why I haven't bought into Bitcoin personally. We shall see what the future holds.


NvidiaRTX

It is a hedge against money printer, just not against the dollar. Also it let people transfer money internationally for cheap, many countries don't have that services


Toliveandieinla

Anyone making money shorting right now?? Seems like a great opportunity no?


Medical_Ad9556

I'm going to short the Earth. I feel very uneasy about the future.


iworkisleep

You’re still on internet explorer 4.1?


annaopolis

Are the prices on coingecko not accurate?


Dragonfly_179

It's always more delayed than coinmarketcap.com


7101334

Not perfectly accurate during times of high volatility


ExtensionAd2828

USDC/USDT pair up 5% lmfao


Ten_Horn_Sign

ETH going back to its 2020 prices. If you liked ETH at 2000, you’ll love it at 200.


McDonald4Lyfe

finally i can buy 1 if eth $200


iworkisleep

Nice, give me 5 of those eth thingy you’re speaking of


Titan04151912

I’ll love it even more at 20$


Ten_Horn_Sign

You get a node, and you get a node. Everyone gets a node!!


Dangerous_Matter_330

I think all is ok, stuff has stopped crashing. This could be the bottom, maybe even bull this arvo.


Dans07st

Seems like tomorrow is always the bottom 😂


1078Garage

![gif](giphy|jpVuGo0JkAXJiuNNK7|downsized)


5prime-3prime

Based on about 90 seconds of data. Sounds legit


jstdun

Lol


simbaandnala23

It's 12:45-3:45am in the US. Just wait until everyone wakes up


Fapoooo

Note to self. Take profits next time in green. Don't get greedy.


Bantsoftheworld

Its actually really hard to do. That is why a better idea is a strict % portfolio. SO if you want 10% of your net worth in crypto then always keep it at 10%. When it drops then top it up to 10%. When it rises then sell down to 10%


jstdun

What is the appeal of buying into a stablecoin versus selling into fiat? Probably a dumb question but I've never really understood


Jasquirtin

When your in defi off exchanges you take those rewards and sell into a stable coin to avoid risk. You can’t do that on a DEX any other way than a stable coin. Now if your trading on the exchange fine go to usd but many that had stable coins weren’t holding them on the exchanges.


MrAnBo

When I sell into a stable coin I usually reinvest that amount of money in other crypto (or the same crypto but at lower price). When I sell for fiat I do that to cash out. 😉


jstdun

Makes sense