/biz/ - Business & Finance

>>54653279
sorry anon I'm at work...

>Yeah but how is this even doing? Is there still any chance of $1?
yes. but right now the ecosystem is full of parasites and grifters who want to keep the chain in maintenance mode so they can leech money from the community pool without doing the hard work of actually reviving LUNC and getting it to $1+.

>Also what's the point of laddering?
to take profit along the way. example: let's say LUNC starts mooning, it hits 90 cents, then crashes back to 1 penny. if you only have your bag to sell at $1 you'll have made 0 profit. it's an extreme example, but you get the point. that's why you should set trades from whatever minimum price point you'd like to start exiting, all the way up to some theoretical maximum you personally feel is viable.

if you have 5 million on a CEX then you could do something like this:
- sell 500k at 4 cents
- sell 500k at 9 cents
- sell 500k at 24 cents
- sell 500k at 49 cents
- sell 500k at 74 cents
- sell 500k at 89 cents
- sell 500k at 98 cents
- sell 500k at $1.49
- sell 250k at $ 2.45
- sell 250k at $ 4.98
- sell 250k at $ 9.98
- sell 250k at $ 99.98

depending on the size of your bag and your personal financial situation you can tweak the exit points and volume any way you like (someone who has 300 million LUNC will start exiting at much lower price points than you with 10 million LUNC). setting up exit ladders also ensures your LUNC trades will go through even if you're not present to oversee them (or the CEX starts experiencing "technical difficulties" at a crucial time when everyone's trying to sell). finally, send some of your bag to other CEX, you shouldn't have all of it on just KuCoin (Kraken is good too).

>Plz explain anon
Nova is a LUNC validator: https://docs.terra.money/full-node/manage-a-terra-validator/faq/

>Asian guy is abandoning LUNC. Why is this important?
Ed was in the community from the start (he co-founded TR alongside Tobias). him leaving means he sees no future in LUNC.

>>51074075
This is my price ladder while still having 4.5 mil LUNC left over for staking. Starting with a stack of 24 mil.