/biz/ - Business & Finance

>>55696102
My completely objective normie take is that he
1. holds it for the sake of trading volume/demand
2. sunk cost fallacy
3. is aware that regardless of long-term progress towards functional recovery of the ecosystem (within a reasonable timeframe), you may as well sell it during the bull when it is guaranteed to 5 - 10x from where it stands now.
4. observing the future outcome of Do Kwon's forfeiture of stolen funds (if he really was the one that sucked everything out of the chain) and whether Korea gets him after he serves his 6 month sentence in Montynegro.
There is a small possibility that Korea will redistribute funds to those affected by the collapse out of a sense of national pride (but mostly for government officials to get what they lost back). But if the U.S. gets him, (((they))) will take every dime for themselves.
Honestly, if no steps are taken towards alternative solutions to recovery of the chain by the next bull market, this coin will be undoubtedly past the point of no return. Terra's draw was the algo stablecoin yield. That is gone. Without it, its just another useless Cardano-esque ghost chain with nothing to offer.
At the end of the day, we are all gambling on the miniscule possibility of a miraculous white swan event that is unforeseeable to us retail holders, thats why Ill hold my 50M regardless of where it goes, like I should have with DOGE. Im sick of letting zoomer retards run their mouths in these threads with '3000x price change EOY 2024', we are gambling on a catalyst that may never come.

>>51273270
because I have 50M with an avg of 0.000065

my 5M stack I bought for the lolz after minting halted is up 10x
the rest of my 45M is up 172%

>>51091450
dur what a convinient time for maintenance, like Binance doesn't have a vested interest in LUNC's network restoration
getthafuckouttahereee