Welcome back to kryptos or us I'm
George We are all George
Oh my God what happened to Luna
You just have to laugh about it because
there's nothing else you can do Of course I'm going
to talk about what happened with
Tara Luna and what my next plans Michael continued on DCA
I think this is what most of you want to know but I will share that
you have to wait and of course
I will have to talk about bitcoin in general the crypto market and a bit
of apecoin so let's start smashing it
like subscribe to the channel make sure to hit that notification bell
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to the new cryptozoros clips channel welcome
you guys are hanging out there you know after the
morning broadcast looked like bitcoin was losing steam the whole market was going
down but it's not coming back To where we started this morning
at about 29.34pm there then as soon as I got
off the stream it went down all the way 28k it looked like
we were going straight down but no strong bitcoin and now it's back above 29.3 29.2 and
looks like it wants to
break through that 30000 bitter Another, so Bitcoin is definitely strong,
so there is a good indication that this 25 whatever 25 3
could be the bottom could be
2022 lows and I have a few things to share about that
but other things I'd like to talk
about before I talk about
Luna's move um surprising that sam bankman for free bought 7.6 stakes
in robin hood so
I don't know what this means they have made a lot of acquisitions
lately does that mean they will offer stock trading soon
I think fts was planning to do it anyway but This is a
big acquisition, and I don't know what his future plans are,
but he's definitely not moving or let's say he's
still moving forward and because of this currency base it jumped a bit
even though these nine percentage gains don't make up for the 35 loss they had
yesterday or the drop The 85's since the beginning of the year, so
uh the markets are still pretty shaky but you know what
guys love Sam Bank room for free and don't care about buying them when things are low,
they have the bank to do it and they're building
ready for the next bull run
which I would argue we're still
Its just that we are in a bare trend so we want to start with
this this is a very positive thing ok what else is there
for bitcoin there is still a lot of positive things that Australia has opened its doors
I know this has happened I know it's low volume but that's still
a very positive thing and you have other guys like David Marcus this is
starting a new project that is solely based on the lightning network so again there is a lot
of growth and adoption for bitcoin which is why I always told you guys don't
give up no matter how bad it gets It looks like Bitcoin will find a way and if you don't I don't
remember who Davis Marcus is the main zuck little man
behind Libra right and that failed so now
Bitcoin will switch to Bitcoin to start a new project revolving around the Lightning Network,
this could possibly be a strike contender We don't know but it means again that
Bitcoin is only going to help Bitcoin , I would say let's go
help Bitcoin get more use around the world
, of course that's good, okay, and
what else is there that is
good or do you know as an indicator of x Flei,
so from ta perspective you can see this is the
weekly rsi and you can see the last two times
at the end of the bear market
both times
20 15
20 18 and you can see
we are there right now so if this is a bear market
it looks like it might come to an end soon based on to this simple indicator
rsi and it shows that bitcoin is very oversold
so this is very positive but you
know what the phoenix whales
are telling us they are telling us something also because they keep increasing binary
Buy it, do they reveal something or are they simply revealing
what all investors have to do when it comes to price dips
you buy you buy low and you sell high , maybe it's that simple,
but you can see that it keeps going up and up
, and that I mean again that 25,000 that we saw is just a point
I don't know a bottom or a bottom or a reversal point
it probably means it could have been a lot worse
last night when we went back, you know 2 5,000, we could have
easily continued sliding towards 21,000 which a lot of people think is where we end
up who knows maybe we will, but right now Bitcoin seems to be
pretty strong, OK
, so with That's out of the way and a
lot of you want to know what's going on with Aust and what's
going on with Tara Luna Well
first let's look at I don't even want to get to that yet Let's
first look at Tara US Dollars because that's the culprit behind everything
each of d-peg and
tara do their best to get that peg back to a dollar and
it just doesn't work everything they do doesn't work that's
how they did there are two things today, well,
emergency measures , first
is that they have a proposal right now
to burn one billion
out of their community fund , and then They want to take another 255 million
from the ethereum pool
or yes something like that 371 million and then that will reduce the
overall supply but by 11 years well that's what they're voting
on now that proposal came out unfortunately it's going to take seven days
before a decision is made, that's It's the last that they took 240
million luna tokens that They want to bring it up , uh-huh
you know preventing governance attacks
, okay, but that's the thing first of all the proposal is still in
the works and second of all you know while
voting on this.
Rning equals
luna dilution in trillions that's what's going on
now and this
morning it's still updating that's the problem this
morning I showed you guys how
tara
or luna went from 340340 million ok
to 1.5 billion to 158 billion and today the circular width has gone up to 2.2
trillion and it seems that This number is increasing every time I refresh this
page and the reason it's going up is
because the binding can't fix
how it works when the ust is burned a luna is minted on rust
. It is created and minted Luna is burned, that's how they created
this right but because there is a lot of panic right now and many people
trying to sell it and burn it, they are guessing what
more and more Luna is resulting in and because Luna is very low in price per
piece It gets burned
gets one dollar worth of luna and because it's
so low and there are so many decimal points, the circular width
now is out of control by tomorrow this trillion wai will be
tens of trillions and then the next day will be hundreds of trillions
and then you add another zero and you add another zero
And you add another zero and you get my point
this out of control it's not sustainable
so whatever the suggestion that terraform labs made by tara
first and foremost isn't going to work , I'll say it by the time
that suggestion is approved in seven days , it's likely to be This circular view is
behind it like 10 other zeros so they basically
need to, they just need to be turned off , because that's the only thing I can see
that will save this project, there's no way how which the two are tying together
at this moment in time , there is no way
they can stop this without just stopping and for sure
thats my opinion, quan dog can come out and
say differently but for now stay calm and not a single tweet
from a few days ago now Everything goes through
the terra terra twitter page
so the last one is this good to see where we are now how many
zeros each exchange has written off now and even someone like kucoin who
is still trading somehow tara won't let you quit so it's Basically he's going to
stumble here until he probably crosses out two and the number of zeros is
now one two three four five and just this morning when I was
making my video I advise you guys I was doing my own
experiment and always going to dca because I had no choice
at that point When I bought it it was like any point zero one zero has two zeros
now from that time to now has added three more zeros and by the time
I finished streaming it's probably another zero
so rolling dilution of the luna is basically out of control this It can't
be stable unless it's cut frankly that's the thing
so I'm going to keep on dca the answer is no
I've given up I'm going to stop because this is
unsustainable and it's pretty much dead unless it's cut and I didn't I don't know
how they could do it but I This number will not change, it will continue to
grow by many zeros, and by this time tomorrow there will
probably be four more zeros or six zeros or one hundred zeros and it will continue
to increase due to the combustion at
this time.
Bottom line now though, I'm planning to watch the Earth, I can't just give it up,
I'll keep watching them and make sure
there's no crazy evolution where they say
, we're just going to get rid of this stuff and cut it and go back to our roots and have
a chain that's all about the challenge and you know a Tier 1 solution
to develop very fast if they can do that and go back to
their roots and cut them off what I know is almost impossible at this point but if
they do it well maybe they have a chance or maybe they just started
from scratch and call it tara 2.0 or something but in this
The point in time with everything that's going on with them
it just won't come back
unfortunately whoever
is behind it Castle
Black Rock, Justin Sifu's son
, whatever the
first day, this is the end,
this can't be
fixed.
Unfortunately, despite all of
these exchanges
that allowed trading to happen , they all
secretly disabled withdrawals, so even now if you want to keep
it, let's say you have tara on kucoin that you want to transfer to
your terra station wallet, guess what not you can it's closed there same thing
with binance same thing with every other exchange it has disabled withdrawals
basically you can't do anything about it they are keeping it from you
properly this is also the unfortunate thing the exchanges should really shut down
trading and they are going to close withdrawal but
that is not the case so here is my answer right i
will stop dcang i have lost enough money but the last few days of dca
not that much in the context of how much i lost
but just throwing more money now up to
ten hundred Dollars whatever you throw in will be useless because
by tomorrow you'll see five, six or ten more zeros behind so you'll
never be able to get back to DC enough to come back , which is the unfortunate thing, but
like I said, I'll keep an eye on them and see
if they can somehow Sever this relationship with Tara and
perhaps They can't figure this out but at the moment it's
just a lost cost it's a lost cost and pretty soon this may stop
updating because maybe kucoin is removing it too then we don't
even know how much so it's the right thing
that's what I have to say about
tara now to conclude that one more thing i would like to talk about is
apecoin, the coin has recovered massively today and that is because
the other side released their game play, that is why
apecoin was released in the first place at
2070 and why other side nfts and why monkeys generally went up , I was I'm waiting for
something because they all collapsed with
the recent market crash so they finally released some gameplay
that looks really cool like a world of warcraft
if you look at it this did a little bit increase in coin but you know we'll see
I said I wouldn't give up on your labs , And I think they have a lot of stuff in
store so let's give them the doubt and
see what they are That sounds pretty cool so far
, well, I guess that's pretty much it, yeah, I don't have anything
else other than what you know in general without that It is sold on tara
, I mean that The whole market has finally found a foundation and trying to recover
bitcoin below 30,000.
Ethereum is up above 2000. Now without tara in the
top ten , that's lower
here, so now you have a smaller range to dca in terms of all
caps, you still have bnb this here no you still have cardano solana polka dot
ava you know a lot of these
still great big polygons that have been over
-sold a lot over the past few weeks hopefully this is the start of a recovery and
we'll see all the right folks let's do some
qa , ok sorry when I get a
groove I miss super chats I don't do it on purpose A lot of people feel
like I'm doing it on purpose I don't do it But
let's see I had a drink tonight Don't just stick to water I've been
drinking a lot lately So I got a cooler in it Anthony
thank you ah enough of a silent brew
I haven't been drinking much but I
appreciate it and someone just gave me a great chat for a new bottle of
blue label I'll let them know and we'll get a new one soon
How do you feel about universe two that They still like it they are one of the
people I keep and back it up a bit lower
in the list and it has also been oversold but yeah I think it's
definitely good asking someone to keep it in dca brad george can you explain how
coinbase would get away with w luna still going On the site even
though you can't withdraw, is this good legal is the thing that basically
every exchange has stopped
withdrawals and they can come whatever reason
they want to say network instability or anything right
, but that's the thing I don't see how they can stop withdrawals but they still
allow trades, you know, that shouldn't be allowed
right because it just tricks people into putting in more money
and then realizing they can't take their money
you know, so that's the good thing Luna 100 again, no
I guess unless they disengage
and then cause some kind of crazy burn to get the spin resupply
to where it was before or start a new chain that we
know kwan has before starting another algorithm like
stablecoin project and it fails but this
project was a very successful project until I didn't don't camille i ap do you think
most coins are at risk of getting luna only the ones with properly
stable algorithm coins thats why i will stay away
from some of these other coins have like
now tron is a big target always a lot of contr versy but they They just launched
usd and they are offering 40 aba above twice what you knew the anchor
was offering so yes the doubtful is also that it is
fake they have their own stable algo coins
I could be attacked I would watch
them for a while I moved 26k to EST last week,
what advice do you have I mean, do I have a little over $26K and
am just sticking with that because the chance of
recovering its dollar peg is better than Luna
even for a dollar at this point so I mean now
you can take your losses and get a
quarter of what you have and maybe that's a smarter thing ause
this probably keeps going down to zero right this is a serious thing to
think about because this d-peg thing is not getting
better so this is something you should
think about piam I'm sorry you lost it But
I didn't make you lose t anything , do you think we're in
a bear market now Lazaro still holds the trend , I bought an extra thousand but
I think it's pointless now, I honestly feel it doesn't make sense, I honestly felt
like I knew about thinning because I covered it Camille, thank you,
But I didn't think it was that bad
because I saw I even displayed the illusion of what was going on
but it wasn't that bad and
I bet you know we updated this in no time Look you know you thought I was kidding for
the past 10 minutes this show doubled The ring is from
2.6 trillion to 5.1 trillion , that's why I gave up because
uh this is out of control, there
is no limit to that they messed themselves up and by ti I
finished broadcasting, this is probably 10 trillion or maybe 15 trillion or a
hundred trillion, And that's going to get worse and worse and worse and worse,
so unfortunately, they have to cut – if they really want to survive, they
need to cut off, that's all they need to cut it or start over, I mean
you know maybe the dough can do a new project And
then the airdrop, you know, the Luna owners new tokens you know start over ii
I don't know I just dumped that in there because at this point Luna can't be salvaged
so
let's see if we can see USC dt no I don't think
it could collapse but
in a different way ok i already had an article
on why this depends a bit maybe ii i closed it but the
reason the usdt found a little bit this morning was because there were some
whales that sold like close to a billion dollars with
usd that is why usd is not a currency stable algorithm they
are backed by a legal order if we can translate but
they have good reserves the only way the US dollar will go is
this if you know the market capitalization now
is 80 billion let's say you have someone cash
like 20 billion i'm throwing 20 billion
Right and they take it
out of all the exchanges and exchanges, they go to the tether and say
, you know we need to exchange this for US dollars and then,
we say we don't have 20 billion to give you ok then
this is going to be the beginning of the end of the
tether if they can't A of saving us dollars after it's
minted and
gone right so that's the only way the belly will go up maybe that will happen
someday because the rope isn't really audited we don't don't know but at this
point in time you know they They were
called by a couple of district attorneys and they
always survived uh honest new member welcome why luna still top 10 tv channels on the chart
probably because they didn't update
most of the whales move from usd to usd hink this is
the right move usdc is more trustworthy than
usdt because usdc is located in the united states and audited so yes
i appreciate that .
It was done right
but during the time Luna was doing so well
he made a lot of people money until it didn't happen, and again, that's something that's
an uncharted territory because algorithmic stablecoins
didn't really become popular until last year It was made or died. For a while,
but it didn't get the same popularity, now it's unused and not used
in the same way um dai was basically used as a
side chat or as a loan token, you know even the people who mentioned about
Big Connect you know a great connection that closed
properly , didn't reduce like that to nothing
, yeah it's just a completely different scenario,
thoughts about near moonbeam and moon river near our watch obviously
their stablecoin algorithm is moon b moon river stablecoin
, they're okay, they're strings compatible with evm on
polka dot and kusama ah let's see dogecoin is top ten i
never respect doge there is not much going on with
doge nothing happens in the only thing being elon and he is with twitter and you
know it might be merging Doge but outside of that I don't know what else
there um
Terry besides you super chat value better than dc to Luna now
I appreciate it thank you based on your opinion what is the
best buy out there is the most oversold not necessarily oversold only at the price
I mean there is Lots of oversold But
I would say if we look at the like at the top I don't know the top 50
a few come to mind for example, like the polygon at minus 42 for
the past seven days, avalanche 47 Solana 46
I mean these guys are near 50 , so There are a lot
of great buys right now .
This is
why the Luna Market is launching a market cap coin at the moment
not because it is the average of these exchanges
and some of these price changes are out of reach,
so what do you think of the exchanges
to sell Luna? We can't
link it , you probably
know 3.5 billion is already gone, they already tried it , they sold it to the other market and
were going to use that to install, but they did it too late and they
used everything and that's why I think it came to 80 cents something
83.84 and I think it's Well, you know maybe they could
do that, they were trying to borrow another 1.5 billion from these projects
, but it started going down again in a deep peg and it
all got out of hand and they obviously don't
think they ever got that loan, even if they did
That wouldn't help that 1.5 billion wasn't enough they
would need to borrow like 5 or 10 billion because we were
18 billion so Tommy says my wife still doesn't
.
I can't believe I think this is a personal issue and not
a crypto issue Adam currently presents with 17 and Osmosis 60
, and these are very good bonuses at the moment
, liquidity pools generally provide
much more interest but there is a risk there is everyone a super conversation No, it's okay, it's
okay. You can memorize those , how well do you manage this opus
, I mean I eat inside, I just fake it
well, I'm just kidding, I mean
that's what I've learned from all the mistakes I've made
over the years, if
you keep beating yourself up eventually you'll reach Eventually to a point
where you give up and then if you give up that's the worst thing that can happen we
all make mistakes
ok but the real measure of your importance
is to see
if you can go back and learn from those mistakes
and properly avoid the same mistakes so that's how I looked I shared it
with you guys I made a lot of mistakes when uh I came to any kind of cryptocurrency investing
in the stock market whenever I went through
I saw a lot of things
I made a lot of mistakes I lost a lot of money right and there were times I gave up
its literally for four years and then I learned from this rule I'm
like you know what giving up won't do you don't do
anything right you have to learn from your mistakes and move on
the most important thing you have is the time you don't want to waste
that time if you you know you She says
hey, I will call it quit, I will come in five years, you could have done it, but in those
five years, you will lose a lot of things right so this is how I see things now,
I still make mistakes all the time visibly with Tara but I'm learning from
her and growing from her and making sure I don't make the same mistake in the
future, so this is my mentality and my model uh samurai, I appreciate Juno's
mom treasury will help them pay for the
transfer , almost all terra mods will carry over
to the juno series , well, that's interesting I haven't heard
about it uh uh two houses
we were all ugged Don't beat yourself up with this rugged project I mean
it's not a rug ok I don't
really think it's a rug I mean Kwan was like
sitting in his laps Royce driving woah
and still tweeting like no Something happens after that, maybe but you know
I don't think that's the case so I mean it was just bad design
and it was tapped and it worked
when the next bull cycle I'm bored and I don't know it can be later this year
I think we're still in Downtrend, we just need to get out of the downtrend duck
and then the bull market is back and i think what everyone needs is the
xrp tutorial video you know what
i totally forgot about all of this i forgot to get excited about tara the
most important video out there and i am the only one
with a copy of it you
know thanks for reminding i will play it at the end of the stream , Yeah, I mean you know that's part
of his immaturity when he was on top of the world you know
he started to become attacking people so arrogant
, that's part of his really immaturity in his youth, I'd say all of us in
our youth were immature, but you
You know what I found is that I gained a lot of respect for that
guy I was trying to bet on and then Kayla
Callio that guy before I don't know if he's just
walking around on Tara or if he just hates Doe or whatever
he was saying, watching Tara will be back to ten bucks In 2022 and do like
you want I bet I'll bet you 20 million I'll buy you 200 million subtracted
or shut up or something smug like that obviously
this guy won the bet but if you
look at his twitter you know he's taking the high road
, It's like you know what I never paid , so don't give me all the
Respect properly I wish the best to the team and to
all the moonbearers So
I'm taking a fast track I
've gained so much respect I've learned that sometimes you know kicking someone
as they fall is useless Point to the right I'm 100 stable How will you spread
over the number of months No There is a right or wrong answer for this Matt
but you just want to post it you want dca over a table you want to buy
dips after a certain number of drops you just want to buy stuff for hell
I mean you have to specify I can't
tell you what
percentage which I got in the stables after november, I've been trying
to keep 20-30 inches
in cash and when I say cash, it's mostly stable coins,
you know periodically, I'm going up a little bit and a little bit lower
sometimes, sometimes a little bit lower right now, what I'm still there and I think maybe I'm
a little higher right now, maybe it's around 35 percent, but that's my
new strategy is just to keep you posted on that
percentage always in the fixed coins so
I can buy the coins or buy the dip when I need
to, and I also think it will be good with your portfolio higher when the market recovers,
you may be wondering when I should take profits right, so I think its
a good reminder if you don't have the cash allocation you need to
take some profit and lock in those gains until the elephant has been exploited in a similar way
with a quick attack lonely but on its way to recovering and rebuilding now the
architecture is strong thanks to Tony's post I
really hope tara can figure this out but until
this peg is fixed or unplugged
it won't work it won't work
ah jeff thank you for keeping the coins Coins on exchanges are safe,
I don't know you can argue with whether it's secure or not if your key isn't your
base cryptocurrency that recently went out and said hi if we
go bankrupt your crypto is ours.
Use it as assets correctly, they
actually said
, is it really safe on questionable exchanges and
not that Coinbase is likely to go bankrupt, but if they
do, they will basically keep your cryptocurrency, so
it's still better to get rid of them if you can but
if Leave it and make sure you have a file we'll enjoy the protection and make sure you
use a two factor authentication app yeah I'm pretty sure the phantom works just
fine because it's not listed I think it's
like the token they have with their d5 projects but yeah because it's
been deprecated before Also metamask you know metamask I think
everyone uses metamask but people should be aware that metamask is
consensus owned and consensus is corporate so metamask has
shut down services in certain countries around the world so even
though we think it's open source it isn't Its really
really hard to find an alternative to metamask
you know so yeah just
be careful just be careful you know you really love me leave my crypto
in 10 different places so
part of the reason is that you know uh just in case something what in
case it happens or this happens or this is closed or anything right
spreads so this is how i have it ok
the damage is done johnny i am sorry to hear that so many people like
you and i lost a huge amount and
it's just a bad situation but The only thing is
to try to pick yourself up and not give up and keep moving forward in the market still
young
.
Looking for something
better hello hello cool guys hello all right guys I'm going to let you go
in general bitcoin will come up again trying to break thirty thousand so
bitcoin is definitely leading the market all the coins starting a bit
of a recovery but can we see That
separate bitcoins continue today is up despite the
markets reading correctly, so can I continue tomorrow to Friday
and into the weekend I look forward to this
, unfortunately , the terror update may not be what
you guys want to hear, the honest truth that The project the way it's now built
is dead, mitigation can't be resolved
with that multiplier on stream and let's see if I update this if it's
higher, yeah, it went from 5.1 trillion to 6.5 trillion lion right before our
eyes until it's removed
, it won't It's fixed it won't be fixed all the right guys smash it
like subscribe to the channel make sure you tune in tomorrow 8 15 AM
CST and in the
meantime many of you have been asking for this so enjoy
[Music] what saw Ripple does well
, I mean I think it's very central but I definitely want to meet Chris Larson
[laughter] [music] you
