Like my previous post says, that would have happened to that specific coin regardless of the current market situation.

If you want to point out examples how badly the crypto market has fallen, look at the charts of coins/tokens that have consistently been in the top 20 traded for 2+ years — or any major legacy coin for that matter. ENJ dropping over 400% since Christmas, or ETH being cut in half this first quarter year alone, are far more telling of how poorly the market is performing.

Examples like these are much worse than some random s***coin that didn't even hit the mainnet until 2020 and just now built a ridiculous (and suspicious) amount of hype since Fall 2021. (And it's been linked to one of the biggest exchange scams in crypto history.)

I know it's tempting to see a coin at the top of a trending chart that suddenly tanks, but these overhyped "new kids on the block" coins happen every now and then. Like I said, judge the market based on the 20-30 coins that have regularly occupied the most popular chart since before TerraUST/LUNA had been conceived.

every cryptohead practically begs others to invest in crypto then when they inevitably lose money fall back on “shoulda done more research ”

guys, it’s a ponzi

people knew it was going to happen, this system was tried 2014 in Crypto and always ends this way ALWAYS!!!!

it was an insane over leveraged debt bubble with barely anything backing it.. it was totally unsustainable

Terra holders were warned countless times and every warning was ignored by their insane community and founder

I don't think people should have to invest to be able to live & retire but unfortunately that's how our economy is.. hopefully these people do better next time

guess those billionaires took him up on his offer

I don’t follow crypto closely but what happened to it? 99% in a month is insane

it was just market dynamics at work

why are we structuring our economies on what is fundamentally a state backed casino?

You talking about crypto or the stock market or both

BOTH

Not everything in the market is a casino.

People found ways to make huge side bets and posted huge gains and everyone piled in to try to make some big money.

Insane

dam.

get this:

they’re lying to you

whoda thunk

seriously the dumbest suckers in the business

Because thats where the richest people in society store all of their assets. They dont use bank accounts because they treat securities and the market like a bank to avoid tax while maintaining/increasing their wealth.

Fellas still salty they never bought sub $100 eth

Sicko

they will keep distancing themselves from the "bad coins" and never address the fundamental problems with blockchain/crypto.

It's supposed to be about the glorious future of decentralized economies and positive use cases but as soon as s*** tanks those narratives get thrown out. Then these transactions were supposed to be simply about making money and no different from other speculative activity.

And if that's what it is, which it is, that defeats the point of this system altogether because it creates no real value and is only possible through resource waste

yall some lame ass weirdos lol

mood

he's s***posting.