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How This Man Just Caused a $45 BILLION Crash [Terra Luna]

Do Kwon thought he could rule the crypto world with Terra Luna, instead what followed was the largest failure to occur in the crypto space.
Correction at 1:58 I showed the screenshot of the wrong project, it’s supposed to be ‘Basis Cash’, not ‘Basis Markets’. Sorry about that.

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Sources:

Personal interviews with sources at Terra Labs

https://www.coindesk.com/business/2022/05/08/ust-briefly-loses-peg-luna-drops-10/

https://www.bloomberg.com/news/articles/2022-05-15/luna-crash-this-crypto-insider-warned-of-terra-ust-s-collapse

https://www.coindesk.com/layer2/2022/04/22/built-to-fail-why-terrausds-growth-is-giving-finance-experts-nightmares/

https://www.euronews.com/next/2022/05/12/terra-luna-stablecoin-collapse-is-this-the-2008-financial-crash-moment-of-cryptocurrency

https://decrypt.co/100434/what-happened-terras-bitcoin-reserve-ust-luna-crashed

https://fortune.com/2022/05/13/terra-ust-stablecoin-crash-suspicious-potential-attack-george-soros/

https://coinjournal.net/news/the-10-million-luna-twitter-bet-who-will-win/

https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/

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  1. In the long run of history measured across decades, I think the Terra/Luna disaster will be regarded as a growing pain for algorithmic stablecoins. They are here to stay because you cannot destroy workable ideas, even if the prototypes were unstable. Like meme coins and juvenile concepts like 'aping in', algorithimc stablecoins in their current form are toxic for investors and the space.

  2. Starting early is the best way getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to a decent payouts, with the right skills and proper understanding of how the market works

  3. It was the 20% return. You cannot create that value from nothing, the intrinsic value would halve every few years, despite what people and the market valued it at.

    It was setup to fail by greed, cunning or ignorance. The 20% was like a growing vacuum on its actual worth. The price implosion was inevitable.

  4. <Honestly, I have incurred so much losses trading on my own, I trade well on Demo but I think the real market is manipulated. Can anyone help me out or at least tell me what I’m doing wrong.

  5. Now that the Terra hard fork has taken place, does this mean that the original Luna tokens, now known as LunaC, are worthless? Should we hope that they will be viewed as having utility and possibly gain value over time?

  6. Too many people investing into things without understanding the fundamentals of the thing they're investing into.

    Reality check for anyone reading this:

    1. If someone or something promises you 20% interest, when not even the biggest interest returning investments (REITS) can yield such large returns (when they're legally mandated to pay investors large portion of their profits), you should question where that money is coming from.

    2. If something sounds too good to be true, it's probably not. The steep deviation from the normal interest payout in the investment world should've been the biggest red flag of them all.

    Not to mention, going back to the fundamentals – If you were investing into stable coins because you wanted to protect your savings from what's going on with real currencies, why would you put money into a system that balances it's value with an inflationary system?

    This ain't rocket science.

    I really hope things work out for people who lost big on this. Truly, one of the most messed up financial stories in a while.

  7. It was NO crash but a clever scam he did. Do Kown when he talks he talks so fast & scammers do that so you can't pick up loopholes etc. He needs to go to jail but seeing he is from South Korea he will get away.

  8. Lmao "stable coin" not very stable now is it! Everyone says savings account are terrible and money is being lost by inflation. Well guess what i still have my money because its government insured its not going to blow up into nowhere because its federal LOL

  9. No matter what currency we deal with in life it will always fail because humanity is not perfect & it is by the humans hand that needs to control the outcome so that outcome will come with failures with time of a person's decisions.

  10. rusiians hackers did it😂🤣😂🤣😂🤣😂🤣stock market is a gamble….when you win 🤗when you lost…you wanna sued ….😂🤣😂🤣😂🤣😂🤣

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