It is pretty insane that UST stablecoin start losing over half of it price and it was third highest stable coin on the market. LUNA lost 99,9% + of its value and it was top 10 biggest crypto on the market. Do Kwon South Korean Luna founder said they try to fix the issue, but I think the trust is lost forever. Some people have lost so much money they even considered suicide because of this.
Anybody else follow current crypto situation?
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Sadly I suspect this douche is still rich.
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That house looks quite seaworthy.
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Sadly I suspect this douche is still rich.
He is rich for sure. Nobody put all eggs into the same bucket. Another thing is can he walk on the street anymore.
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Sadly I suspect this douche is still rich.
Aged like milk
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Its hard to decipher whats panic news whats real news with crypto
External Content twitter.comContent embedded from external sources will not be displayed without your consent.Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.the house just went
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Maybe, but not many people expect to lose money with stable coin which is supposed to keep its value on dollar.
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but it's an investment and as any form of investment it can go up or down...
people have expectations often don't match the realities of the market
Usually dollar can only go down because of inflation and money printing..
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Maybe, but not many people expect to lose money with stable coin which is supposed to keep its value on dollar.
For the past 10 years goverment has been giving out very cheap loans on low interest rates which is devaluing everyone's savings accounts drastically
Just bc the number doesn't go down, doenst mean it's not devalued
As someone who is less willing to venture into risky investments and likes a comfortable saving nest, I'm pissed at that
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For the past 10 years goverment has been giving out very cheap loans on low interest rates which is devaluing everyone's savings accounts drastically
Just bc the number doesn't go down, doenst mean it's not devalued
As someone who is less willing to venture into risky investments and likes a comfortable saving nest, I'm pissed at that
Money loses its value over time, which is theoretically good because that encourages people to spend more or invest in companies that create new jobs. Another thing is that it brings more taxes once your investments gain some profit and improve welfare system.
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Money loses its value over time, which is theoretically good because that encourages people to spend more or invest in companies that create new jobs. Another thing is that it brings more taxes once your investments gain some profit and improve welfare system.
The economic system that relies on people always spending more is broken and falling apart
We should be planning for sth else instead of pumping a broken system.
We don't have infinite resources that we can stretch and use them without a consequence.
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