Warning: don't buy the 99.99% dip
The way the algorithm works for the mechanism means you can trade UST for equal value of $Terra(LUNA.CC$ . So the simple version is that when someone sells one UST for $0.40 then it creates another 400 LUNA if the price is at $0.001 per LUNA. And if the price is $0.0001 it will create another 4000 LUNA from that one UST.
So it might seem like a great deal and that you are buying the dip 99.99% down but the amount of coins is growing massively too. You can check their API here (link from coingecko)https://fcd.terra.dev/v1/circulatingsupply/lunaCirculating supply is now over 150 billion according to their API. over 3* as many as XRP. This will go to SHIB levels as that previously $13 billion of UST unlocks itself.
Anyway just a word of caution not to buy the dip becuase it will continue to dilute massively. I already lost some money myself buying the dip until I released how the minting mechanism works.
$Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$ $Ethereum(ETH.CC$ $Tether(USDT.CC$
So it might seem like a great deal and that you are buying the dip 99.99% down but the amount of coins is growing massively too. You can check their API here (link from coingecko)https://fcd.terra.dev/v1/circulatingsupply/lunaCirculating supply is now over 150 billion according to their API. over 3* as many as XRP. This will go to SHIB levels as that previously $13 billion of UST unlocks itself.
Anyway just a word of caution not to buy the dip becuase it will continue to dilute massively. I already lost some money myself buying the dip until I released how the minting mechanism works.
$Bitcoin(BTC.CC$ $AMC Entertainment(AMC.US$ $Ethereum(ETH.CC$ $Tether(USDT.CC$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Invest and learn : You need to mention it is for LUNA coin. Not bitcoin.
KingNY-Life Invest and learn: Yes don't buy it, it's a scam
YY7687 : Bought in the morning, appeared at noon, profit 800%
Basjan : Yeah, so... (1x Can of beans) bought 3 years ago.
Way better long term investment.
=(
ProTraderMarkOP Invest and learn: yeah!
ProTraderMarkOP YY7687: are you ok?
ProTraderMarkOP Basjan: hahahaha...Intraday trading loses a lot of ground
Basjan : Here we go again... Sucks man...
Which coin is next...
Fool me twice... 1st WAVE 2nd LUNA...
Jikes... guess far from "de-centralised".
Any opinions re MANA ?
Basjan : ...been losing ALOT of ground... since NOV 2021...?
=(
YuHan_ YY7687:
View more comments...