DON’T GIVE UP ON BITCOIN | MY NEW PLAN FOR TERRA LUNA
Today let's talk about why this is not the time to give up on Bitcoin. Also, I am revealing my new plan for Terra Luna.
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0:00 Intro
2:00 CPI | INFLATION
3:08 Bitcoin Obituary
4:47 Warren Buffet Doubles Down
6:18 Miners Update
6:50 Bitfinix Whales | Charts
11:45 MY PLAN
17:00 DCA Wednesday
20:45 Coinbase
23:45 Michael Saylor
24:40 Crypto Billionaire List
25:00 Q&A
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@SAS ?????
I’m looking at Luna and it went from 40 cents to 80 cents this morning. What do you mean it was at 8 dollars. Maybe you misread the chart
Ppl
Nervos Network & Siacoin is the future
Ik en mijn broer sloten zich ook aan bij zijn strategie en we maken op dit moment enorme winst terwijl we aan het trainen waren. Ik ben Cameron Bryon Administration voor altijd dankbaar
Ter plaatse! handelen met zijn strategie is niets nieuws voor mij op dit gebied. Ik ben zijn leerling sinds begin 2019 en hij is een geweldige mentor voor mij geweest
Ik heb mijn portfolio dagelijks uitgebreid met dagelijkse signalen van Cameron!!? ….
Mijn eerste investering bij Cameron Bryon gaf me een winst van meer dan $40K en sindsdien heeft hij nooit gefaald en ik kan zelfs zeggen dat hij een van de oprechte makelaars is die ik ken..,..?
Ik waardeer elke seconde van de zes maanden dat ik met hem heb gewerkt. Hij is zo’n geweldige, geduldige en nuchtere leraar. Mijn volgende monetaire doel is hefboomwerking en ik zal beginnen met de cameron bryon-strategie! ik heb veel positieve recensies gehoord van mijn collega’s sinds de recente dumps
I got 99 problems but UST ain’t $1
U made my day
Stay strong and hodl they say…..
@Kevin Cogge lmfao good one chief George your a legend in my book!j
So you’re DCA’ing @80 cents.
LUNA is now 2 cents.
Another 97% loss
?
@Punk Floyd do kwan got so much money now he’s probably a different ethnicity
For Luna, You also have to consider the supply change over the past 24 hours. Supply has gone from 350mill to almost 2 Bill. Therefore will require a significantly higher market cap to move the price.
@Carlos A yeah so ? if you bought right at the top of the spike before it goes down and spikes you are fed
@10010011 Midg lol why would anyone buy at the top of a spike after a big fat green candle? The spikes are selling opportunities
@10010011 Midg there can be spikes to the upside with so much people holding the token and wanting to get out at least without losing everything
@Carlos A Timing those spikes is harder and less likely than just straight up gambling in the casino.
@10010011 Midg the biggest spike since the crash lasted a few hours
George, calling for DCA into Luna is a classic exit pump. It’s a dead project, sell now and use the losses for next year’s taxes. There’s no chance, there’s so much UST waiting to exit and when they do Luna will be 0.00000001
@Peiqi Cai Now is at around 3 cents lol
Yep, 0.02 now
0.1 now.
You are right on this one.
I couldn’t DCA if I tried Bittrex doesn’t let me buy it.
I think the hardest thing to overcome is the trust issue now
Trust issue in what? Other people?
It will never be restored. An alternative will take it’s place. It’s done
@Mdrnsamurai Temporarily. If one has patience and rides it through, they have always recovered.
Scully and Mulder also found this hard, or still do
Not really, Mt Gox and countless hacks and problems in the past showed that greed will win in the end. People will forget and move on to another opportunity to make money.
The majority of people who think it’s going lower didn’t necessarily think it was today, it’s over the coming weeks if the bear market reigns true. Hopefully we get one more good drop then shoot back up that would be ideal to fill my limits and start making money lol but who knows how long that will be
Big wick like this is not bear market structure. This is most likely a retest of the 200MA on the weekly since we closed below the 100. It has historically always happened. What would be more worrying would be going below, since that has never happened, and that wouldn’t just be a bear market, it would be an actual crash into uncharted territory.
Bullllshit
5-10 years
Investors were hoping that inflation was going to come in lower than expected in the hopes that the fed wouldn’t increase the rate hikes in the coming fed meets. The main issue is core inflation is still a problem and now they are afraid that the Fed Chair could increase the rate hikes to further reduce the inflation which will drive markets even lower. Let’s just hope they stay with the 50 basis points in the next meeting.
No need to hope. Just be on the correct side of this market…SHORT!
when the market prices in another 50 bspt… and another…death by a thousand cuts. Obviously they can and will do an about face when the next black swan hits/ something breaks
I’m not going to follow George’s plan, it’s just loosing more money. This scenario has played in the past with iron and titan. If the vote to incrasase the Luna minting amount goes trough, it will trigger the death spiral, that’s exactly what happen with Titan, it didn’t have a limit, 1.2 billion is practically limitless.
I activated my stop loss protocol on time yesterday.
You guys should give up. Dont listen to George. There are many markets you can make double digit gains. Crypto is dead. Again
@Colby Willis YEP. And you’re right: 6 hours after this video, Terra fell from his DCA price of $1.07, to $0.08. Jesus Christ. Another 90% drop in six hours.
Smart guy, I shorted luna too
@Investwisely 100% everything he says is much easier when he’s holding gains from a low cost basis. He’s not as smart as he portrays.
George I do hope it works out for you my man. You were really left off with either abandoning Luna completely or try to average your cost by buying Luna at what seems to be a reasonable price at the time of writing. I bought some Luna myself at 1.25 and at 50 cents and even though it seems bleak and people will rub it in and laugh at you further and towards other people’s misfortune or demise, be strong and hang tight. Good luck everyone 🙂
LMAO GEORGE DOESN’T OWN THAT GARBAGE HE GETS PAID TO GET YOU TO BUY IT AND WATCH HIS CHANNEL
Good attitude. Good luck to you sir
I don’t hope that it works out for him. He is giving out bad advice. I hope that he loses more than any of his followers. But deep down I know that he doesn’t take his own advice.
My worry about the Luna is not the price as it has to act like this until peg is reached. My main worry is Anchor LTV decreasing constantly.
That is why we need the peg to stable ASAP for UST or else Luna supply will increase indefinitely- cause the price to go to zero unless peg is fixed 🙁
Not gonna happen
Btc does goes through bear cycles, usually after a bull run, which it just had a whole year of, so yes it can go lower
Do you not understand how Luna works? Telling people to DCA in a coin that designed to fall in value in order to restore peg is sending them into fires. Disappointed for a crypto veteran like you giving such an unthoughtful opinion.
@DCAHODL Bullshit, he knows people are desperate to get their money back and is using them to try and save his own bags..he has zero integrity
@DCAHODL It is literally mathematically impossible for Luna to stop dumping. Theres not enough in the mcap or the reserve to restore peg, but UST will drain every cent of Lunas mcap trying to. Its still at 700m plenty more left to be drained out.
I wanna see his face when iso coins explode,btc is old as fck it is a past ,but he has to say it because of the ale sponsors,always talk about guy (Saylor)who lost people billions years ago
He said NFA and make your own decision but this is what I’m doing…… if you then go copy. Who is to blame? Oh that’s right it’s George as he has the keys to your funds and manages all transactions for you.
Make your own decisions people ffs.
Is it just me or am I surrounded by idiots?
@polish2x91 Exactly what I am thinking they are going to let LUNA tank to like shiba inu numbers x.xxx1 buy a ton of it and burn it get UST repeg.
I will not give up on btc but I wonder on what point massive margin calls will set in.
Terra supply was 343 yesterday, now it’s at 1.5 billion. That’s a little concerning. I hope they stop increasing the supply.
they have to increase the luna supply to stabilize UST. Its done, gone up in flames, run for the hills.
Yes you need to wait for ust to repeg first end but that couls mean you end up with trillions of luna wort nothing. And then you hope it would take years for price to go up. The problem is trust. I doubt ppl will touch luna or ust in the next lifetime.
I would say it’s more than a little concerning.
Don’t buy
If the supply keeps increasing, it’s gonna keep going down. No point in buying right now then
Thanks for sticking with us George.
Terra coin dropped to $0.004 (about 99.5%) since George told you that he thought DCA’ing into Terra at $0.83 would be a smart move. He also gave a nod of approval to the poor idiot from his chat that proudly told him he had just put $50k into Terra at ~$0.84. His $50k is now worth $241 btw. When will you guys learn?
People need to stop trusting Do Kwan’s projects. He’s notorious here in Korea for his scams. I say this over and over, and I wish I could reach more people to make a difference.
Had to come back to this video to get a good laugh. George is such a goofy ?
Actually George scares me, he does these risky things and jumps into stuff like kadena and people follow what he says
George is the real deal diamond hands. Road Luna all the way to $0.00
Coin turns out to be a Ponzi – George: “Im gonna buy more to get my average price lower.”
Lowering so-called “average cost basis” is nothing more than just a mind game. It doesn’t recover any losses of your existing position, only exposes more risks to it. The absolute value that you are going to loss could widen (as we are seeing with more drops now in LUNA) while the “percentage loss” might look good just on the paper.
This is simple math. I’m sorry that George doesn’t understand this and recommend DCA into a falling knife.