/biz/ - Business & Finance

what's causing the big burn the last couple of days? panic sellers?

>>54909603
Volume. We haven't had it in forever

>>54909636

Volume from what though?

>>54909665
Dumpage

Ayoooo $1 eoy. Dead ass fr fr

>>54909591
I’m riding this to heaven or to hell, I’m never selling.

>>54909729
Based baggie

>>54909729
good news fren

>>54909603
the tax just burned a billion in the last 2 days? is that a record for daily burn rate?

UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH BAGGIES

>>54909842
Imagine coming to these threads, every single day, to be this faggot. Must be brown or vile kike, no other explanation

>>54909951
Your hurting Anon. I understand.

>>54910038
>Your hurting
Brown ESL 16 IQ sub-chimp verified
>I understand
Lmao I truly think it's the complete opposite, on every front possible

NFA but this coin is gonna pump in spite of it going to shit because now it's cheap and it seems that the market is based entirely on fomo

>>54910081
>proves me right
I will continue to have fun posting. You are free to continue to rage like an impulsive child.

V2 proposal is up, fags.

>>54910150
>Doesn't deny being a vile brown chimp
That's what I thought kek

>>54910185
Unironically bullish

>>54910217
How? Just another half assed upgrade that will crash the chain for 72 hours. Watch.

>>54910475
Because we are getting new buyers and cosmos niggers who are largely unaffected will buy in

>>54909603
>record for daily burns
>no change in significant numbers
Its so fucking ogre bros

I went and got squirtle some baby food from a per store. Also WAGMI BAGGIES KEK

oh no no no another zero? so glad I sold this and buyed matic !

>>54911201
Kek

compré el chapuzón

>>54911651
GET THE FUCK OUT OF OUR THREAD SPIC FAG

>>54910914
you think almost 1B of burned lunc would make a substantial difference? We need 10B daily burnings for that

IT'S FUCKING JOEVER
But also i'm gonna buy 1bil lunc for $100
i want jeets to sell and lost all hope
i want grifters to seethe, copie, dilate and rope

the L1 Grifters must suffer watching their funds going to zero

>>54909591
stop giving me false hope lunsisters

>>54909591
>old L1 team from Q1 fell apart, TGF (Steve & Marco) now trying to grift to life a new one through CP leech
>Tobias quit LUNC, Ed left to work on his AI chain, Terra Rebels irrelevant, Terra Grift Foundation #1 enemy now!
>DK arrested in Montenegro (march 24), full cavity search finds a trezor stick up his ass (forreal)
>Steve + Frag + Vinh trying to sneak in blacklisting multisig to "help" Rexyz's Terraport rug
>Ed Kim eats dogs 24/7/365 and only leaves his cave to defend TGF on Agora


shit, i just forgot about lunc but this is exactly what I predicted and it happened

>>54909772
it's a record for daily lie rate. take your L and move on without trying to scam the rest of us

>>54909591
Hey the nova discord link is invalid does anyone have an invite ?

테라루나의 붕괴는 대한민국의 위인들에게 부끄러운 일입니다. DOKWON 유태인 전술을 사용하여 통화를 파괴하고 혼란의 보상을 거두어 한국의 조상을 불명예스럽게 만들었습니다. DOKWON 외국과의 조약과 전 세계, 특히 대부분의 피해자가 거주하는 미국에서 우리의 명성에 영향을 미쳤습니다. 한국을 금융계의 웃음거리로 만든 국민적 망신에 사과만으로는 부족할 것 같은 도권 씨의 항문에 수십억 원 상당의 암호화폐가 수술된 채 발견됐다. 거래소에서 회수된 수십억 원을 동결한 BINANCE의 조언에 따라 우리는 현재 Terra Luna Classic으로 불리는 Terra Luna의 가치를 회복하기 위해 자산을 소각해 달라는 공식 청원을 겸허히 요청합니다. 이것은 도권이 만든 당혹감을 상쇄하고 전 세계 희생자들에게 재정적 정의를 가져다줄 것이며 한국이 우리 조상들에게 영광을 돌리는 세계적 지도자임을 보여줄 것입니다.

>>54912245
Why waste time with an irrelevant and useless entity?

>>54912432
thats True desu guess I won’t

>>54909603
>>54909665
>https://twitter.com/DFClunc
apparently due to these guys.

0.00009 reclaimed

This pump will fall like the others

>>54912191
>the L1 Grifters must suffer watching their funds going to zero
Based

>>54912511
holy shit they surpassed Binance

>>54912225
Half of this shit is flat out false

>>54913167
What do you expect from a nova made general? kek

I see a poompa

Remember those anons who said they would burn millions at a price, hello we are here. Cheapies make millions literally. Oh how the fed taught us so well.

That was a cute little pump

>>54913251
Scam pump. We will dump and bleed imminently to shakeout and demoralize the last of the weak hands.

>>54913364
Based give me the god pump or the death dump these past few months have been boring

I'm financially bored.

Still in the green though

Been a while

>>54914480
>someone boughte

>>54914548
I bought yesterday, friend. Was it a mistake?

>>54915121
:7)

>>54915121
always a mistake buying lunc. sell right now and enjoy your 10% before it goes to 0.

oh my lawd I am laffing. arunabasuday lost 1 million lunc and he is raging on agora calling everyone a racist burnboi like he lost a million bucks. the village shall starve this month because arunabasuday burned 7000 rupees on a proposal nobody showed up for.

>what I thought was bussin was really sussin’
I refuse to give up cope.
Can I get a full re cap of luna history but in broccoli top zoom zoom speak?

>>54916098
yeah, dude don't know how to read and was trying to pass that prop of his.

>>54916469
Kek

anyone have the list of bag sizes?

So uhhh any news with that repeg prop?

>>54917707
>>54898366

it's ogre.

>>54912225
When the fuck did he get a cave?

>>54917707
here is an unofficial old one

>>54909591
Do you believe in life after LUNC?
I can feel something inside me say
I really don't think it's strong enough, no

>flash BTC dump
>lunc pump only slightly inconvenienced
It has begun.

Wow, 10% after.... How much has it gone down in the last few months? I will not buy in again unless there's concrete proof of some repegs plan being proposed. Not a propose to propose a plan. Not an announcement that a proposal passed. I mean actual engineering plans.
Nothing will happen to lunc price unless supply is significantly reduced.

>version 2 around the corner
>parity coming soon
>lunc has the same pattern as many other shitcoins.

Fudders n jeets get wrecked.

>>54920272
Please explain how that's bullish and what it will do to reduce supply. Supply is the main thing holding it back.

Voted yes on all four of the new props. fuck the fud. WAGMI lunchads

Why did OP delete Vocaroo chad?

>>54920287
That's where the repeg plan comes in. If it comes through.

>>54920614
I respect his passion but found that clip a little cringey, just a personal choice

>>54920272
can we ease up on the moonboy shit? a lot needs to be done and proven, look at linkies coming to terms with $6 LINK after 6 years of holding

>>54920769
LUNChads specialize in cringe

When all else failed last hit ‘em with the repel to buy some time. The burn didn’t work but boughs a lot of time. Cz taking over didn’t work but bought a lot of time.

>>54920738
The repeg plan passed weeks ago. And guess what? We havent heard a peep about it. Same shit that happened with the retarded "ziggy" repeg prop, or whatever it was called that Duncan came up with.

When all else fails hit ‘em with the repeg to buy some time. The burn didn’t work but bought a lot of time. Cz taking over didn’t work but bought a lot of time.

guys i had a genius idea
we should go into every thread and say
"holy shit lunc is a hidden gem ready to go to the moon 1000x inbound" and then other anons can come in and respond with things like "yes ive loaded my bags" and "am staked feeling comfy"
i think itd get people super curious and everyone on biz will want to ape in surely??????

>>54921814
This. Haven't you people caught on yet? They're like a committee of over paid municipal workers. They propose votes for proposals to pass proposals that would allow them to propose future proposals. It's a fucking game and they've been playing it for A WHOLE FUCKING YEAR.

It's so over that I'm starting to think that it never really began.

>>54921998
based

>>54921883
Hory shiet your right!
If we keep saying it wirr reach a dorrar people wirr fomo and pump the price and vorume! genius!

why price go up? i want buy more

>>54918984
how much is make it stack?

>>54922931
10M. Always was, always will be

>>54922931
my guess would be anywhere from 7-15 mil

>>54922931
At this rate, and assuming $10 million USD is what you consider "make it" money. I would say somewhere around 5 billion LUNC tokens.

About to buy more, shit is cheap asf.

>>54911691
hola amigo, porque gay?

The burn tax just burned a billion on its own within a week. Another win Lunchads

>>54922785
Twitter trannies are talking about bringing back the burn tax

>>54925898
unironically the worst and jewish time to raise it since we're reaching parity imminently.it should've been in place all along till now, when we reached parity.
they're really trying to kill this coin.

>>54912460
You can join it here, we'll get the template updated for the next post: discord (dot) gg (slash) sPkW5ATG6J

Here it is the time to swoon
Watch the fudders
Great monsoon
Deluge of sell
To my eyes delight
For the one Great Moon
Is within sight

maricón

>>54925810
even burning 1 billion a day would take more than 18 years to reduce the supply to 0. and we average nowhere near that.

>>54926700
Handsomeness

Brainlet here, someone please explain why the burn tax for this token isn't like 5% or some shit. Wouldn't that burn hella tokens compared to what's being burned now?
What's the downside? It can't be volume decrease because that's what still ended up happening when the burn tax was decreased

>>54925810
>>54926700
can anyone remind me why was the burn tax killed?
to feed some jewish shorts?

also is it true that akujiro is a brown*id?
i think i saw a picture of him on twitter not long ago

>>54926700
kekekekekekekekekek these lunc kids dont want to hear that ser, please talk positive even if it's a lie it must sound positive or I'm going to have to escort you out of the room ser

It takes 110 luncs just to equal 1 penny. Let that sink in. Maybe that will wake you up to get off of your ass and quit dreaming.

why haven’t any whales tried to burn the supply to $1 yet ? are they not the only ones that can pull it off?

>>54927337
>$500M marketcap
>7T supply with 1T locked up in staking
>burning $430M of your own money for a school of shrimps with 0 benefit to the yourself
completely retarded
the only person capable of doing that is CZ and theres no benefit to him
lets be honest, if he was all about integrity he wouldnt be depending on cashflow primarily from liquidating leverage traders
seriously are you retarded?

>>54927050
NIGGER

>below .00009

I was supposed to be rich by November last year bros. I need some hopium immediately, is there any good news on the horizon? Any reason not to panic sell?

>>54928285
Unironically the hopium at this point is that it goes to 0, gets delisted, all the grifters are liquidated and the chain is up for grabs.

>>54928285
well we burnt 0.00015% of the supply in one day this week! I saw a few anons excited about that so maybe you would be too?? :D

>>54928285
I don't get the despair, just chill

>>54927050
because some jew named alex, who works for sbf, proposed so

kek baggies

>>54927441
>7T supply with 1T locked up in staking
This is the thing that gets me. How the fuck are we supposed to burn through the supply with so much locked into staking? Why the FUCK was there such a rush to enable staking when the supply was still so inflated????

>>54927025
>>54927050
Lmao because dumb mother fuckers like Ed thought decreasing the burn tax would somehow increase volume enough to make up for it. Was completely retarded since at the time volume was already pretty high and there was no fucking chance it would increase 7 fold (or whatever it was) to simply MATCH the burn rate we started with. Issue is at this point the burn feels entirely pointless, since we likely arent getting most of that volume back at this point and exchanges arent exactly supporting it (Bianance is simply burning trading fees) and thats where most LUNC trading occurs

>>54931384
>reduce the tax and the volume will rise
truly midwit levels of thinking. in crypto, only geniuses or retards make it.
>low IQ
grug says high tax burn more lunc
>high IQ
the fomo and the hype and interest generated by the high taxes will coalesce into a frenzy of trading and burn ten billion lunc a day, which will drive even higher levels of hype, and when supply crunch hits together with peak frenzy, lunc $1

>>54931461
High tax ist more burn. This ist correct

>>54931326
sorry ser, no rupee stable coin this time ser

>>54931384

It is pretty sad to see the state of the coin now. LUNC was such a sure bet with massive momentum and these retards fucked all of it up. I'd love to think CZ has some secret plan but we're probably just going the way of Bitconnect.

Kwon pleads not guilty to passport charges. Next hearing will be June 16.
https://m.thepeninsulaqatar.com/article/11/05/2023/do-kwon-says-not-guilty-in-fake-passport-charges

>>54932588
bitconnect was a scam, not comparable. I dont even wanna know what price OG luna would be right now if it werent for the sbf kike and dokwengs stupidity. all you retards can see is current price and fomo. literal cattel, the lot of you. you would be extremely stupid to not buy at least a mil right now. the dump from 00022 is just because the grifting devs. most of them jumped ship already and its just a matter of time until we go back up. 18 years to burn supply to 0. how are you 20 year old zoomers not gassed about this?

>>54933090
This. Retards can't see the forest through the trees. If it takes 20 years to turn a few thousand dollars into generational wealth and you're shitting your curry over some short-term price action I don't know what to tell you. I've been holding since May and cashed out my initial at the big pump so I'm just playing with house money. I still lurk in these generals but I haven't been paying as much attention for the last few months because the only conversation is raging about grifters, two more weeks nova fags, people bitching about nova, and "it's over" posts. OGs are still here and we're not fucking selling.

>>54933090
>>54933171
I'm with you fags. Been here since July. Getting a little demoralized but only bought more.

And no I'm not a morale posting fag

>>54933279
ZAMN! token wont be the only thing pumping now.

Stride and Terra Classic partnership incoming!?

>>54933447
What the fuck is stride, nigger? We see enough jeet shit daily

>>54933473
A liquid staking derivative (LSD) provider, you fucking mongrel: https://stride.zone/

>>54933539
I ain't clicking that shit nigger. Go jeet somewhere else. The Pepe threads are >>>>>>>>>>>>>>>>> that way

>>54931384
why would anyone make transactions on the LUNC appchain, with or without the burn tax?

>>54928349
some anons can't wait, baka

WHAT THE FUCK IS GOING ON?!!??! YOU NIGGERS TOLD ME MY BEER MONEY WAS GONNA MAKE RICH, NOT ITS NOT EVEN PEANUTS MONEY!!

>>54934018

He tried to warn us I guess >>54933970. Fucking panda fat fuck

>>54933090
>>54933171
>>54933279
You guys are kidding right? No one will give a fuck about LUNC in 18 years. Thats WAY too long. Honestly I would give the chain 2 years tops before its completely defunct (at the current rate). You guys realize that 18 years is based on current volume, and it can very easily turn into 100s of years right?

>>54934136
Yup. We do. And we don't care.
In the crypto space, six months is long term. 2 years is 20 years. Whatever happens will happen.

>>54934136
We live rent free in your head, you're here, giving a thousand fucks about our money, that's already a win in my book. Your soul is already ours, and that makes it all worth it.

>>54934557
What the fuck are you talking about retard? I simply asked how someone can seriously think this taking a decade plus to burn the supply is a good thing. I hold LUNC by the way dumbass.

>>54925810
Wrong, dflunc burned most of that

What do you guys think of Proposal 11513? I honestly don't see how that could be controversial at all, since it means more rewards for stakers and validators. And isn't that how every other chain works anyway? Distributing fees to miners and stakers, I mean. Currently we're just draining the Oracle Rewards Pool from the crash, so we are fucked when that runs out.

>>54935511
What the fuck is wrong with people fudding dflunc anyway? They released their code and you can see on the blockchain that their burns are real. It might be a Ponzi scheme or whatever but suggesting their burns arent real even though that can be easily proven? I feel like this blockchain is just full of mouthbreathing retards.

>>54936127
So you post a post about them getting called out for claiming 1.3B burned when they only burned 9% of that?

Are you really this dumb?

>>54936183
Kill yourself

>>54936497
After you, faggot

So whats the latest with that repeg prop that passed?

>>54934098
I'm okay with that if I can buy more

Luna Classic
is a chain infested by...
N I G G E R S
I
G
G
E
R
S

>>54937128
Agreed

>>54909591
were getting new low lunsisters

>>54937436
TO THE WINDOWWWWWWWWWWWWWWWW
TO THE WALLL

>>54936127

There's only two types of LUNCers

Those who believe in the long term potential of this network, and want it to drop to 0.0000000000000000000000001 so they can buy up billions of tokens

Those who run validators and are telling people its going to moon any moment so they better not swing, but in realty they just want holders to remain staked so they can collect their validator commissions.

Everyone else, including me, are quietly holding with a handsome stacklet of 50 to 100million that we bought at 0.00004, and we're holding because we pay attention to the developments, and we're just interested in where this might go.

>>54937443
We can be all three at once. I've staked a handsome 20M since staking started up again. Earned a cool 4-5M or so. Also have another 11K stacked on exchanges for if this thing moons. May unstake completely soon though. The rewards have gone to shit. Used to get 250k a week. Now barely getting 100k

Well LUNChads........is he right?

>>54937670
Undeniably

>>54937670
He is. And my 3 millions are staked and will be staked for all eternity. The rewards will be my finantial salvation. aaah and the million on kukoin to make a nice sell ladder.

>>54938650
Based