Bitcoin

[uls]

if tether breaks...

[kagalingan]

2days ago kakapanuod ko lang kung paano nagsimula yung may-ari ng binance.

Pero ganun yung gusto ko tao. Nakafocus sa purpose hindi sa kwarta.

[uls]

[boybi]

Delisted na Luna sa Binance.

Ano ba nangyari?

[uls]

Delisted na Luna sa Binance.

Ano ba nangyari?

yup delisted

it peaked at $119.50 in April now it's zero

[Verbl Kint]

Death cross on Wednesday for BTC means yesterday was the bottom. Should be slowly going back up now.

[doo]

Death cross on Wednesday for BTC means yesterday was the bottom. Should be slowly going back up now.

Yep. I bought the dip yesterday for Bitcoin and the major altcoins.

Sent from my 2107113SG using Tsikot Forums mobile app

[madball]

Turd pattern on the yearly. Very boolish! New ATH soon.

[uls]

Delisted na Luna sa Binance.

Ano ba nangyari?

sa pagkaintindi ko there was an attack on the terra stablecoin ($UST)

since $UST has a relationship with luna -- demand for $UST decreases luna supply (price goes up), selling of $UST increases luna supply (price goes down)

there was massive $UST dump so it broke the peg and panic caused more selling

so automatically more luna was created which caused the price to fall

more luna supply --> hyperinflation --> price went to zero

[uls]

explanation ni Changpeng Zhao (CEO of Binance)

re: suspension of LUNA and UST

1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.

i think tama pagkaintindi ko

sobra dami LUNA was created kaya bumagsak ang presyo

2. 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.

Binance suspended LUNA and UST to protect users

3. 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.

4. 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.

5. 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