/biz/ - Business & Finance

wasting money, and i hold lunc

>>50113932
literally wtf do you not care about your hard earned money?

Take a good look at what you have, it may be your last time

Based retard

>>50113932
incredibly based may I offer my tongue to be of use to your asshole?

>>50113936
>>50113949
I watched the Count of Monte Cristo and I realized, the only way god could give him that vengeance he sought was by giving him a treasure of infinite wealth. He was awarded this for being on a righteous path. I think righting a scam is the most righteous path. But it takes big risk. If it pays off, we will be rewarded with Monte Cristo's treasure. It's built in the code of the universe.

>>50113993
I followed the same reasoning. This tale is going to be epic.

I only have 1,000,000 LUNC but we're all going to make it bros. We will dab on the haters so hard.

>>50113932
Based lunatic.

long position open. All set for takeoff. .0005 EOD

>>50114062
green opening 60m dildo confirmed

Are we gonna make it through meme number 13?

>>50113932
>TRILLIONS of Luna minted and retards are still FOMOing in
You people deserve to lose everything you have.

>>50114233
Livestream your tears when CZ implements the 1.2% tax, midwit

>>50114233
hit the road jack

>>50113932

Interesting. I notice that you put in more money on USTC than LUNC. Care to explain why? I'm genuinely curious if you know something that I don't. Also nice stack.

>>50113993
Most based /biz post of the day

>>50113993
I don't know anyone alive who could rebuke this knowledge

>>50114233
> he doesn’t know about the various burns in development.
This will be yet another coin you missed out on buying at the very bottom.
t. 2mil stacklet

>>50113932
I think you need to buy more lunc since you’re unbalanced atm. Not financial advice

>>50113932
Why much more USTC than LUNC?

>>50113932
This is why LUNC will never reach $1. They will never make degen billionaires or multimillionaires either.

Don't buy too much or we'll never hit the burn target

>>50113993
I had the same thought. The righteous are going to make it.

>>50114738
Probably thinks it will pump more aggressively first like it did the other day. Then swing profits into LUNC

>>50113993
>Just like in the heckin fairy tales bro!!!!!!

How much can a 1.2% burn actually do? It would take centuries to make it $1

>>50114923
>>50114938
This. Greedy cunts are ruining this

>>50115090
How many of us do you actually think there are? And if the prophecies are true 6 trillion are safu with chink CZ. If he doesn't use those for burning of some sort we're fucked anyway. Stop being jelly.

>>50113932
Smart man its about to pump again i think tomorrow or monday

>>50115055
>How much can a 1.2% burn actually do? It would take centuries to make it $1
Finally, biz is starting to understand. LUNA threads are just for fun.

>>50113932
It’s called “Blowing Up”.

>>50115130
Cringe tranny fud. People have done calculations. There is substantial volume on this ‘dead’ coin, a burn would be effective very quickly. We’re looking at likes 2 year timeframe at most

>>50113932
Gambling massively because thats all Crypto is, one massive casino. Why not only put 10% of your assets in that shitcoin? If you win you win big, you lose you've still got 90% of your capital. But no you're just a greedy gambler like the rest of them. Good luck, cash out if you make a profit dont "HODL" or "diamond hands"

>>50115090
These greedy niggers are going to dump at a 10x.

>>50113932
You alone locked up 1/30,000th of the supply and there's gonna be way way more than 30,000 people and institutions invested in this. We're gonna be fucking rich, especially you.

>>50115160
>People have done calculations
AAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH s..sorry anon, but, but, b..baaaAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

PEOPLE HAVE DONE CALCULATIONS!!!!!! AAAAHAHAHAHAHAHAHAHAHUHUHUAHIAHUAHIHUAAAAA you can't be seriouaauaahahahAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>>50115160
With a 1.2% tax on LUNC it will trigger a FOMO that will cause all the coins to be burned from transaction fees and the shorts to be squeezed to $1

>>50115199
It’s simple math dumb nigger

>>50113993
>watched
please read the book it's one of the best ever written

>>50114938
>Don't buy too much or we'll never hit the burn target
why? how does buying more negatively affect the burn?

>>50115360
>why? how does buying more negatively affect the burn?
The burn will not work as many people here think. Let me explain it to you. If they implement it LUNA will pump a 40% or so, but when the market realizes it's not enough to burn trillions in a short time they will give up and let this coin fall into oblivion and will crash another 90%. LUNA is a failed coin. UST is over, Do Kwon is over and the whole project is over. Time to move on.

>>50115471
Ok

>>50115471

We need a Lunc Ranking chart can someone make one?

>>50115471
300m volume at current prices would burn about 30b per day which is about 1t in a month

>>50115471
Literally nothing but bullshit, you have no logic in your statement whatsoever

>>50113993
If I get to buy my own personal sinbad I'm all in

>>50115471
Imagine going into threads of dead shitcoins to convince others that they wasted their money. You are wasting your time, which is infinitely more valuable. Window licker.

>>50115589
wat, if it's 1.2% of each transaction wouldn't it be 1.2% of the volume per day?

>>50115695
Yes you use the volume. But the trading volume is in $. The burn is of the token.

>>50113932
biggest mistake of your life.
first of all i think you missed the pumped, second youre gonna get dumped on hard.
Just invest in something with actual utility liek MATIC

>>50115731
aaah forgive my retardation

>>50113932
Do you actually think ustc will go back to 1$? How long are you gonna hold it

>>50115769
>MATIC
Every. SIngle. Thread.
We're not pumping your bags. Should have sold.

>>50115798
Easy mistake, just don’t listen to the retarded fud. If they actually implement the burn across the board and the volume stays up to then the token will absolutely megaburn

>>50115769
>utilitykeks on suicide

nobody gives two shits about utility in crypto nigger. it's ALL hype. Hype and hype ALONE pushed Bitcoin to 69k and it will push LUNC back to $1 in a year or two.

>>50113932
Your lambo has arrived sir

>>50115055
CEXs are already announcing participation in the burn. CZ was interviewed the other day where he said Binance will support the burn if the team gives them more solid details on the taxation structure. With all major CEXs and current volume using a regression model it'll take somewhere from 10-18 months to hit $1.

>>50115130
Actual out of the loop retard.

>>50113932
You’ll be rich

>>50115471
Why did you even open the thread?

>>50113932
making it or maybe losing everything

>>50115199
not an argument

>>50117775
He wanted to share that he made a bold and likely lucrative investment decision. Are you confused?

Holding this coin is so comfy bros

>>50113932
Based

299M reporting in. God speed

>>50113993
First of all. Vengeance is the Lord's, not ours as humans.
Second, 'it's built into the code of the universe is heretical at best.

>>50117909
get another million pussy

>>50117901
Agreed. My $300 is now $3k and there's no signs of slowing down since we haven't even hit the first big milestone yet. It's bewildering that there are people on /biz/ right now that are "too smart" to throw $50 at something so obvious.

>>50116913
>using a regression model
first time I'm hearing that term. what does it mean for LUNC, and how does it work?

>>50113993
lmao christnigger faggots are destined to be poor.

lol kucoin is going to rug OP because it’s insolvent

>>50118305
I'm shit at describing technical things in simplistic terms.
It'd be easier on you to look up what books are being used for Freshman Uni Statistics courses.

Basically, in this particular case, as supply decreases and price increases, holding an identical dollar value in volume it's expected that it will show a steady decline in the burn rate (total not percentage) as you approach the final supply value. (i.e. it may take 1 month to burn the first 1 trillion tokens, then it'll take 1.5 months to burn the next 1 trillion tokens, then 2 months and so on / those are not exact values btw and depends on market conditions)

>>50118712
Most of the tokens are not in circulation anyways, they cannot be burnt via the tax. There will probably be other burn events in addition to the tax burn, so this calculation probably won't really give any realistic estimation on how long it would take.

>>50117968
greedy cunt you've done a 10x and still holding, ngmi ever

>>50118712
>>50118776
cheers lads, thx for the explanation!

>>50115238
Math here. Says you'll be poor for life

>>50118991
I will be very rich and you will remain a dumb nigger incapable of calculating 1.2% of 1b volume

>>50113993
So strange; I started reading that book shortly before this fiasco began. I'm really enjoying it and believe that this is a sign. The collective unconscious zeitgeist is willing lunc to moon.

>>50115053
Go
Back

>>50114233
You know nothing

>>50119055
>The collective unconscious zeitgeist is willing lunc to moon.
it's the only interesting coin this bullrun, everything else is either tanking or crabbing or is part of a kike/jeet/glownigger scam. and the meme energy surrounding LUNC is undeniable. I laugh every time I remember the Grim Reaper and Mandarin Manhunter chasing after Do Kwon.

>>50119100
>bullrun
meant to write bear obviously.. the LUNC hopium is making me dizzy

>>50114738
It's likely mostly just because USTC has gone up much more than lunc.

>>50113993
There is a universal balance of chaos and order. Divinity is the universe itself. Based post. May the moon token moon, as above so below.

>>50118776
True, but the models I was referring to were specifically to CEX volume and assuming that most CEXs hop on board. Current volume is ~$500M USD on CEX transactions.

>>50118849
The burn implementation and re-enabling of staking/delegation isn't going to be until August 22nd. You'd have to be retarded to sell before the giga pump. Besides, $3k is hardly making it. At ATH market cap of $40B and the new 10B max supply that would put LUNC at $4/token. If it pulls a DOGE and pumps to $80B mc then that's $8/token. Which is why everyone is targeting $1 to $5 as an exit. Hell some people posted screenshots of redditors already thinking it'll go to $10.

>>50119147
THEYRE GONNA "HOLD TO $10" AND TAKE A 99% LOSS AGAIN AAHAHAHHAHAHAAAA OOOOOOOOO NO NO "INHALE" BAHAHAHAHAHAHAHAHAHAHAHAHHAHA

I dont need to be rich. If this thing goes to a penny, I'll have $30,000 and will buy gold coins off the internet til it runs out.

>>50115055
If current volume remained steady we would burn many trillions by the end of the year. I expect it to go up once burns are announced.

>>50119147
>Hell some people posted screenshots of redditors already thinking it'll go to $10.
not saying you're lying or anything, but from what I've seen on Luna's plebbit pages almost all of them are fudding hard. either that or coping after they lost everything. the majority of them also refuse to buy in again.

>>50115199
You're emotional invested anon

>>50119203
>refuse to buy
But what about muh dca

>>50119184
it almost already hit a penny on uniswap. Practically guaranteed with the incoming burn tax.

>>50119147
>The burn implementation and re-enabling of staking/delegation isn't going to be until August 22nd. You'd have to be retarded to sell before the giga pump. Besides, $3k is hardly making it. At ATH market cap of $40B and the new 10B max supply that would put LUNC at $4/token. If it pulls a DOGE and pumps to $80B mc then that's $8/token. Which is why everyone is targeting $1 to $5 as an exit.
as a recent bagholder myself, I hope you're right.
just for the sake of argument, if everything aligns perfectly and we get a gigaburn and normie FOMO, is it realistic to expect a $1 by the end of the year?

>>50113993
The righteous path of....trying to buy a dead ponzi scheme to dump on latefags for profit?

>>50119233
>The righteous path of....trying to buy a dead ponzi scheme to dump on latefags for profit?
you're going to laugh at me, but if this thing moons and I cash out with a few millions, I plan on starting a game studio to make non-woke oldschool vidya, mostly RPGs... which means I'm gonna employ at least 5-10 people. so yes, it's righteous.

>>50119233
Who cares about latefags. There are latefags with everything. A revival of lunc is a much greater utilitarian good for the crypto space. It would make people believe anything is possible in crypto, even coming back from -99.99999%

>>50113993
>>50114017
>>50114804
>>50114807
>>50114945
>>50119129
I can't believe /biz/ is so retarded that they didn't even get the very strongly hammered message of the book that *SPOILER*his idea of righteous divine vengeance was false and just caused more grief and pain upon people and that he should have just moved on with all his wealth*SPOILER*. This board cannot into basic reading comprehension.

>>50119173
Yeah it's funny to see how desperate some of them are to recover their mega dump losses.

>>50119203
It may have been a shit post but I've seen a couple screenshots here and on the Terra Rebels Discord. But some of the info moves so fast that I didn't bother to check if real or not. Could just be anons trolling.

>>50119230
>is it realistic to expect a $1 by the end of the year
Well like I said earlier, it'll progressively take longer to burn tokens as price increases. IMO, $0.1 EOY and $1 by August of next year. But no one really knows.

>>50119348
>IMO, $0.1 EOY and $1 by August of next year. But no one really knows.
fair enough, hope we make it fren

>>50115055
Trading volume is currently 50% of MC. (0.994)^365 = 0.111, so we theoretically burn 89% in one year.

>>50119344
>This board cannot into basic reading comprehension.
that's the thing about good books, people read them and come out with different messages.
tho I fundamentally disagree with you - one of the only things keeping humans civil is threat of retribution. if you let tyrants and villains walks all over you without getting revenge, you're basically a cuck. evil should be punished, and in a much greater degree relative to the amount of wrong it had committed. otherwise what stops evil men from doing whatever they want?

>inb4 laws
yeah no, some people are always above the law.. and even if they weren't the justice system is far too lenient when it comes to career criminals and similar scum. if anything we should have Judges like Dredd roaming around and murdering convicted felons who transgress against the law again.

>>50119348
This is the outcome i see too.
0.10 tops this year.
Its the new doge though thats for sure so im riding this puppy dropping a hundy or two on it is fine with me.

>>50119380
On the bright side that means we have plenty of time to accumulate cheapies along the way. Just keep track of the overall sentiment so you can dump your stack before getting dumped on. WAGMI Frens.

>>50119469
Hello my fellow anarchist.

>>50119494
not really an anarchist, more of a right-leaning centrist. in a perfect world where everyone was a 150 IQ altruist we wouldn't even need laws, but some people are objectively psychopaths and scum, and the only way to deal with them is through violence. especially for repeat offenders. we had a local happening where I live recently, a guy mowed down a mother and child on the street while drunk driving. it was his 5th or 6th offense. people like that deserve to get gulag'd. both them, and the judiciary which shows too leniency to criminals.

>>50119469
Laws was exactly what he was supposed to do instead of trying to be the hand of god himself and just fucking more people up.

>>50119252
Eh, what the Hell, I'd play it. Carry on.

>>50119572
I dunno how you missed it anon, but everyone in the book who fucked him over was either wealthy, or connected, or both wealthy and connected. who was he supposed to turn to?

also, just because an author writes a masterpiece doesn't mean the author himself isn't flawed. justice can only be meted out by authorities if they're fair, principled, and unbiased... which they almost never are.

you guys inspired me to test this out with another Kucoin futures account. this one will be fun:

3x long (sell at 0.001)
$4.41 = 100,000 LUNC
sellprofits: +$86.76 / +1966.2%
liquidation price: 0.0000915

3x short (sell at 0.000045 / June 22 low)
$4.41 = 100,00 LUNC
sellprofits = +$8.68 / +197.57%
liquidation price: 0.000173107

>>50113932
Seems you do not want to stay alive anon, that project is dead and you might go with it.
Why not look into BNB and NFTs

>>50119603
He had evidence against all of them plus fuck loads of money himself, and btfo two of them in a normal court in the end anyways. So he could have just done it the lawful way from the start, yet he still wanted to make their falls as bad as possible and created collateral as a result.

>>50113993
Based schizo Monte Cristo righteous poster.

Why are lunac and ustc pumping again? I thought the hype was gone?

>>50113932

Lunacy

>>50119663
>So he could have just done it the lawful way from the start, yet he still wanted to make their falls as bad as possible and created collateral as a result.
I'm not saying the collateral was justified, but him seeking painful retribution was. They fucked him over big time, took a chunk of his life and made him suffer. The courts, in a best-case scenario, would've just incarcerated them. Does that make up for what they put him through? Fuck no, it doesn't. He should've dismembered them slowly and painfully. Eye for an eye, and all that shit.

Society should be structured in a way that anyone who's proven to have done harm intentionally to others should have it revisited on them a thousandfold. And this includes financial manipulation as well. By this metric, all of Wall Street and most of Congress would've and should've been eviscerate on live TV in 2008.

>>50119695
its only beginning.

>>50119716
Luna C the perfect token for clown world.

>>50119735
Kek that's not very christian ideology, that the count was supposed to be all about.

>>50119571
Agree with everything you said.
Except the right left bit. No such thing in this day and age, its all about money.

>>50119789
>Kek that's not very christian ideology, that the count was supposed to be all about.
I agree with that. But I guess I'm biased since I view the book through contemporary eyes. Back when it was written the West had a much stronger belief in its systems, religion especially. A sense of community as well. Today we live in borderless free-economic zones that are raped by the global oligarchy through market manipulation and psyops warfare, so people's mentality tends to be every man for himself. There's not much faith left in institutions.

I wonder how folks will view the book in 300 years from now..

>>50119831
>Except the right left bit. No such thing in this day and age, its all about money.
I'm right-leaning more in the martial sense than anything. Self-sufficiency and the right of the individual to visit violence upon anyone who tries to harm them, regardless of current zeitgeist or laws. But yeah, it's all one big uniparty these days, the left-right false dichotomy is a smokescreen for normies.

>>50119847
I live in a nordic wellfare state so the sense of community and taxes are pretty high, but i agree otherwise that europeans used to have a stronger belief system.

>>50115170
last that was shown early june there's only 10k WALLETS holding LUNC people could be holding multiple LUNC in different wallets (like I was) and not counting institutions and CEXes either. 0 fomo has begun. This is such a small amount of people holding that it makes me think I'm still early.

>>50119974
>This is such a small amount of people holding that it makes me think I'm still early.
you are. normies still haven't caught on. even most crypto bros are still on the fence about LUNC, they're still waiting for the burn tax to be implemented.

>>50113932
poverty

>>50113932
>Just went all in Lunc and USTC.
remember to do a backflip when you rope

>>50120005
>>50120031
goddamn that's some weapons-grade seethe right there

>>50114047
>1.6M stacklet here
We are going to make it my man

Do Kwon thanks you for the liquidity, enjoy the UnBurn.

>>50113949
>>50113949
I was just about to ask that too. How do people just throw money into just any kinda projects when there are several good ones out here.

>>50120309
>do Kwon
You fudniggers can’t even get your facts straight. That faggot has abandoned Lunc to go all in his shitty ponzi coin Luna 2.0. Lunc is now the community’s coin to fuck with.

>>50120087
I believe you

>>50120309
Do Kwon is legitimately the biggest fud for this.

>>50120343
Actually there are several good ones from metaverse as in sandbox to DeFi as in Equilibrium. NFTs also. Just depends on proper research.

>>5011965
Exactly anon, I am still hodling 20 BNB, I have Ape NFTs and also diversifying into nftgames.

>>50120309
Hahaha

>>50120612
Isn't equilibrium the platform been talked about concerning their token public offering and product launch?

>>50114047
I am hodling my LUNA bag too worth 1k now, but I have also diversified into nftgames

>>50120612
Equilibrium, Nervos and Biswap might be great suggestions because of the security on DEX.

>>50120755
I love nft games but I wish i could be making more from it now

>>50120795
Wow. I got to go read on this ones then. Anything DeFi for passive income in this bear.

>>50120812
I still enjoy palyng Splinterland even though I am not making so much from it. One play to earn game I saw on solana called Honeyland promises to be rewarding even now

I guess you are in the right position to provide an answer to that since you made the decision. However, However, you can take a look into the _SYS_ platform which offers low-cost & Fractional NFTs & strong Roadmaps to Zk-Rollups & Bitcoin-level security.

>>50113968
This, God speed, i hope there is a turbo pump and you can get on easy street

rumors say tommorow we got to 0.03

>>50120895
Interesting

>>50120713
This means one is still early on this project if one invest into it now. I wish I had so much asset in DeFi during this bear.

>>50120925
Heard that game is set to launch in Q3 but provides insurance and give aways for those hodling their genesis nfts now

>>50119469
you haven't read the book have you

>>50119222
got trips 2 hours ago and nobody checked it. if you're reading this you're still early.

>>50119222
checked