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VocalDAO
469 posts


@tphillips @TheStalwart There isn’t an ever growing amount, unless you’re referring to this temporary situation?
Temporary being the keyword.
If you would like some evidence of demand I can screenshot some double digit billion dollars worth of volume. Haha
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@VocalDAO @TheStalwart What does one do with the ever-growing amount of LUNA they'll be able to buy? Why will there always be demand?
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@tphillips @TheStalwart There will always be buyers of LUNA, I think this has been made obvious over the past couple days.
Asking if people would stay if something went to zero seems kind of silly as obviously it won’t go to zero.
If anything the price falls and people just buy larger amounts of LUNA.
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@VocalDAO @TheStalwart But will they stay if LUNA goes to zero? If the redemption model for UST is to redeem for LUNA until it gets back up to $1, that's going to push LUNA to $0 (or CLOSE to that to account for whatever fiat is backing UST)
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@realuneconomist I know so many people who felt like committing suicide when bitcoin crashed from $20,000 to $3,000 back in the day. It was wild.
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oh boy... when your crypto investing subreddit becomes a suicide helpline, you might be in trouble $LUNA #reddit #Cryptocrash

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@CHAINSofBLOCKS @stablekwon Am I supposed to care about how many followers I have or something? My goodness, I didn’t know that was something I was supposed to care about.
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@VocalDAO @stablekwon Rooting for you and your 10 followers
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If you ask me, I'd tell you that we're having our BitConnect moment this cycle.
$LUNA $UST $BTC @stablekwon #BitConnect #crypto #LUNAto1dollarISstablecoin


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@tphillips @TheStalwart The price has already decreased massively to account for exactly what you’re asking. Of course $0 is ridiculous as LUNA has an entire ecosystem, developers, a massive community and literally everyone in crypto will know their name and check their price forever.
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@TheStalwart OK, so I guess the next question is why is $LUNA not $0? If you're going to get diluted like hell why not sell for anything you can get? Or why buy at all? I know this is crypto so the answer might just be #yolo
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@TheStalwart @tphillips That’s why the price is low, it already reflects this dilution. The marketcap is far lower than it has been in the past, even with the increase in supply. The market cap could 20X and still be under where it has been before.
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@tphillips So when you go to redeem $UST, it creates fresh $LUNA tokens. So it will keep drifting up towards $1, but at the expense of diluting the hell out of existing $LUNA holders.
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@ranjanengg2022 @terra_money Of course. Now it’s not going to rise to $100 because the supply of $LUNA has increased, but it’s still like 20X away from its ATH market cap.
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@cryptomodest Of course it will.
Yes, people lost money but a lot of people also made a ridiculous amount of money as well.
They were attacked and the majority of the crypto community piled on and shorted it.
Eventually people will look at LUNA as a juggernaut.
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@iamlukedaniels I think they were targeted for being too successful honestly. Like I said, there is definitely a group of people who were in on this. Way too many coincidences.
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@Shahyan35488451 @CryptoHarry_ People in crypto have short term memory,
LUNA will be fine.
They probably don’t even remember when
USDT fell to 57 cents and
ETH crashed from $1,400 to $70.
If you tell them now, they won’t even care.
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@CryptoHarry_ I agree $LUNA won't be returning to its former glory,but why are people still saying that it'll go to 0 ? Like guys,seriously I'd say the biggest threat to any blue chip crypto is you guys with your FUD. $LUNA started from $0.15, the ecosystem has projects 1/
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@CHAINSofBLOCKS @stablekwon Obviously I’m not new but I’m starting to think you are.
BitConnect was nothing like LUNA.
All the people making fun of LUNA now are going to look like a bunch of lame crybabies in the future.
LUNA isn’t going anywhere.
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@VocalDAO @stablekwon You must be new.
On a relative basis, Bitconnect was not Squid Game.
Max Cope
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