Luna UST Crash. Luna Crypto. Ponzi Schemes.
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With the latest $40 billion dollar crash of the cryptocurrencies Luna and UST there have been a whirlwind of comments calling the project an outright Ponzi.
But is it really? I feel like I intuitively know what a Ponzi is… some entity is collecting money from new investors to pay out old investors until the money runs dry and the whole thing falls apart
However, doesn’t that also mean gold is Ponzi?
Let’s think about it.. Gold doesn’t produce value.. Like buying gold doesn’t pay you cash… because of this investors only make money when they’re able to sell the gold to a new investor for a higher price
By that logic it kind of sounds like a Ponzi.. But that can’t be right? Gold is useful.. We put it in electronics.. And it is scarce.. The world only has so much…
Then we have crypto projects like the failed Luna and UST
It looks very similar.. New investors paying old.. Pushing prices higher and higher until the music stops. The answer to all of this is far more complicated and fascinating than I would have ever expected..
UST
Terra Luna
Ponzi Scheme
Crypto Crash
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We all need to be really careful so you guys won’t be a victim of these Ponzi scheme. I was once a victim but I truly have learnt my lessons.
Before going into any thing of such at least you should pray to God for guidance, I truly know affliction will never rise again.
Honestly crypto is worldly acceptable and profitable I’m absolutely glad making 22 percent weekly profit of my invested capital..
stop. trying. to. be. banks. banks and bankers are the problem.
🤏⌚🤐🚀🎯🌒👽🛸
Crypto, in general is a scam. That said I've done my share of investing in it, but you have to get in and get out. Maybe if you want to risk tying your money up for several years you'll do that laughable strategy called HODL-ing.
As for scarcity, ha! THERE IS NO SCARCITY I in Crypto. There are almost 20,000 other coins out there, all competing for your $$$
As for inflation hedge:. If you just held dollars over the last year maybe you've lost about 8%.
If you've held Bitcoin over the last year, hahaha! You're down anywhere from 30 to 60%.
And,if you've made a killing on some crypto, good for you you got in at a super cheap price watched it run way up, and GOT OUT before it all went to hell
That's what I did with Luna. I dodged a major bullet in April after I decided a 30% profit was pretty damn good & then sold at $87 per coin. This scam coin is now what, $0.0001? This funnier than going to zero!
I did screw up a little bit though I left $100 in just for mad money, well that's worth about 5 cents today, LOL!
As for it not checking all the boxes of being illegal: Just because it's legal doesn't always make it a good idea.
All of these crypto charlatans out there, have to have accountability. I'm sorry, it doesn't work when you let everybody just do their thing and get away with everything like Luna has.
Yeah it'd be wonderful to not have to answer to any government or law. But that's why these things happen because industries, or groups DO NOT POLICE THEMSELVES.
And, this this kind of crap ALWAYS happens because good old fashioned greed leads us to overly optimistic, 'libertarian' fanaticism. Guys like Charles Ponzi, Madoff, Do Kwon & likely others to come (I hopeichael Saylor is telling the truth when he says that MSTR is fully collateralized… He should really say that it's fully backed with hard assets)
That's HEX and Pulse thing or whatever they call it rite there. Funny how RH flexes all his V8, V10 and even V12 on social media and calls his upcoming (for nearly a year) pulsechain an energy efficient, lol. RH tells his cult investors' to suck his bxxxs during live streams and bans them if they ask any critical question. He his having a ball, only in crypto. Do that in traditional investment platform.
I love when crypto projects fall😍🤩🥳 I just can't hold myself, I just know how to invest selling shorting things, and hey T your next my dear😏
Well done sir.
Luna is a Ponzi
Hey, I just have to say your videos are brilliant! – Very well-spoken, intelligent, educated, knowledgeable, know what your talking about, do thorough research, honest, actually care about your viewers, genuine and just brilliant videos and a really good person. By far my favourite crypto YouTuber. Always learning from you and your videos every time I watch them. Love ya work!
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so in other words, the dollar and actually all fiat are ponzis?
Your channel has truly changed my life. i've been studying and researching about crypto for a while now and i got stuck at some point on the learning curve. now i can say I'm truly improving my understanding of this whole new world and making great profit weekly, all thanks to you ❤️
"Goverments are trusted institutions"…ha…haha…hahaha
FBI OPEN UP
EEP!
Why does NFT have any value? I don’t get a small cartoon picture being worth anything. If it’s to good to be true it’s probably a Ponzi scheme or scam which are the same in the end.
Would love to hear your opinion on evmos and echelon ech. Both seem to be like ethereum 2.0? Could be a good alternative
LUNA is an epitomi of the new age Ponzi scheme. It has evolved, so does the definition. Maybe you should update your check boxes???
If u look at LUNA alone, there was no promise of return, they never paid out old investors with new investors money, and actually it was explicit from the jump that Luna would defend ust in the event of a depeg so if anything there was a promise of loss to investors in LUNA.
If u want to say anchor was a ponzi then maybe, but since the reserves never actually ran out, they never used new investor money to pay out old investors as they were using staking apy to pay ALL investors simultaneously. Pre-depeg, everyone was getting paid
"Governments are trusted institutions." Lmfao good one.
In my eyes. in order for something to be a Ponzi scheme it would require fraud in which the leaders of the organization lure investors with the promise that there is a legitimate business entity in operation utilizing those funds (the fifth on your list). In the case of Luna, I think it was more negligence than fraud, because they were (and still are) trying to operate a functional business, but they set up a system with cyclical dependence where one portion of the ecosystem depended upon another, and vice versa. This to me screams "people with confidence that stumbled their way into operating a multi-billion dollar organization, but have no clue what they are doing or how to operate such a business," which is unfortunately prevalent in crypto.
So………..Bitcoin is a Ponzi Scheme !!!!
Great insight video Max. Appreciate you sharing both sides before you check each box.
My grandfather always said “If we (humans) don’t have trust, then we have nothing.”
Thank you for bringing us these value packed Videos where you put so much information in 😎
I guess the truth will surface one day. I have a speculative theory but nothing to really back it up but a hunch. I believe when Do Kwon and the Luna Foundation Guard announced they had a acquired more Bitcoin than Elon Musk, someone or a group of someone's saw that causing an unpegging of the USDT while that large holding was not secured in the blockchain to hold up the coin, created an opportunity to start a bank run snowball effect giving them a huge opening to short both Luna, USDT in particular, but also the market was probably going to tank from such an event, Bitcoin, Ethereum, or just about any crypto shorted during that 2 day fall of a cliff would have made massive gainer. Not only could they have made a ocean sized pool of profit but they have created lattitude to acquire Bitcoin, Ethereum, etc at discounted prices at the bottom they created.
i think the people need a reason to believe in and until cyrpto is complete and circulates for now its gambling and we are all hedging our bets waitng for the big dogs light up the green light.. you know as well as the rest of us the world wants control and the only to get control is to ? lmao :)))
I wouldn't call it a ponzi.. it's a rugpull really
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