CRYPTO latest!!! Bitcoin crashes to 21.400!!!

So help me do the math taking Binance as an example.

Binance warned on their page that once Luna drops below 0.00005 (4 zeros) all trades, including spot trades will be closed and Luna will be de-listed, which indeed happened later that afternoon (depending which timezone).
So the once price dropped and Luna got de-listed on most exchanges at 0.00005 (4 zeros) nobody could profit from a further drop down to 0.000001 (5 zeros) because it was already de-listed.
When Binance relisted Luna again, the opening price was 0.00005. (4 zeros)
Right now Luna trades at 0.00018 (3 zeros)
This would bring the profit level to roughly 3,6x.
Maybe my math is way off, but for the moment I don't get it, with delisting Luna, how these giant x-levels of profits could have been made.
You would have had to buy at 0.000005 (5 zeros) but you couldn't because at these extreme levels Luna had been de-listed on most exchanges
Maybe someone would bother help me understand.

Last Edited by Tekunda on 05/17/2022 09:14 AM

yes you're right,but some platforms did not freeze LUNA UST tradings at all, so those are the winners who get for such low price, but generally yes total BS by delisting and stoping trades at this moment!

Last Edited by NOFAKE on 05/17/2022 09:21 AM

Most smart traders who know what they are doing, took their Luna off of exchanges and on to a wallet that is capable of trading to USDC or any other token. Trades were made on these wallets (Atomic, MetaMask, Trust..etc.)

People, me included, who bought Wrapped Luna on coinbase got fucked over too. When WLUNA started to go up in price, Coinbases WLUNA price was half the price of the rest of the market, so trading to usdc there was pointless. I and others tried to get our WLUNA off coinbase at the time and it took my WLUNA 9 hours to reach my meta mask wallet. By the time it got there the price had already dipped.

So fuck coinbase.

Last Edited by I SUCK STUPID on 05/17/2022 09:28 AM

Crypto is a losing investment until the Stock Market recovers. People are selling crypto to pay Wall Street Margin calls.

https://twitter.com/_/status/1526561609040150529

lol

so what youre actually saying is were currently in a very good position to invest?

This guy is so crazy

There is no 'profit', price is rising because gamblers buy hoping it will go uo, it drivers price up but they won't be able to sell it back to make 'profit', nobody will trust Luna od Don Kwon tokens again.

probably traded on DEXes
rather than CEXes
?

I understand, so basically you had to have your Luna in one of these wallets beforehand in order to profit from the 5 zero low of Luna, as the exchanges delisted at 0.00005 (4 zeros) already. Is that correct? But is there always enough liquidity with huge trades? How is providing the liquidity? Just the token holders who hold their token in such a wallet?

Rekt

Watch out the dip !

LUNA is up +40% right now!

If they dump'em all at once...

No you're wrong we started this thread with crash of LUNA and UST!

Wait, SHIBA just burned 1,5 billion in 24 h?