Despair and madness in the market - a day after the LUNA crash

About 511 to yesterday, I wrote my review of Luna.

Of course, in the relevant community, watching everyone discuss, a month ago, we were actually in the Chinese community in Terra, and we were still thinking about how to help promote Luna and Terra ecosystem-related projects. Because Terra doesn't seem like Solana in terms of volume.

Unexpectedly, no one knew about the ecology for a few years, and it became famous all over the world.

Within 24 hours, almost the word LUNA became a world-renowned word. Everyone is watching how LUNA sheds all its market value in one day. That crazy level of attention doesn't actually make people feel like a bear market, or that except for investors in the Luna ecosystem, who are frustrated, all the people watching the lively are watching the collapse of this building.

Yesterday, the Terra team issued an additional 25.6 billion, which also evaporated (diluted) the share of past investors, which is almost a process of reshuffling. There is a saying that "return to liberation overnight". It also made me think about whether it would be one of Terra's solutions in the past when Taiwan dollars were converted to New Taiwan dollars. Of course, the community is also proposing forks, etc. Next, Terra-related ecosystem projects have begun to take different actions to prepare for the chain transfer. Of course, some projects that are more closely tied to the Terra team should not be too much before the TFG (Terra Foundation) solution comes out. There are methods and actions, after all, those are TFG-incubated or somewhat similar to direct-operated projects. But it is also moving.

This night, some people were lost, some people were depressed, and some people recovered. But there are also people who enter the market at the lowest point with a gamble mentality.

The concept of "buying a lottery ticket" is an idea I wrote before. This time, when Luna was at the bottom, some people started to buy one, hoping to buy 100 U from 10U, holding a position of more than 100 million. In this way, everyone held the idea of buying "commemorative coins" and "lotto coins", and started another kind of madness today.

Yesterday, a project could fall by 100% of its market value. Today, I will tell you that it can rise by more than 1000%.

If one person 10U saves LUNA, it may not be possible, but one person 10U buys hope, this incident really made me witness the madness of the market!

In addition, there have been news that someone has changed from 10U to 1000U, etc., so that the market's attention has not stopped. Yesterday was a play, and today is a crazy rush!

I don't know if the phrase "one thought of hell, one thought of heaven" is appropriate

Luna, who was originally shy, unexpectedly pushed its market value over UST while everyone was transfusion to buy hope. This means that the market value of Luna has changed from "insolvent" to a state of balance. Even Luna's market value is in this situation. It actually surpassed the ShiB (Shishi Inu coin) of the meme currency.

I want to record the feelings and memories of this moment. I also want to observe what kind of situation this situation is, as an experience for future reflection. Is an escape band, or a legend.

But what can be observed is another point. When the SHIB Shiba Inu coin has risen by 1000 times, when all the funds in the entire cryptocurrency circle are sucked into it, it will relatively squeeze the prices of other projects. The day before yesterday in Luna When leaving the market, except for it, everyone else rose happily together. Today, only LUNA and a few projects are up, and almost all mainstream currencies such as BTC are down.

When the BTC big brother, the whole fell, is this crazy feast the end, and who is the last one! Or, Luna creates another legend?

Let's keep reading...

＊Today, I suddenly thought of a book "The Crowd" that has been on the list for a long time. It seems that when investing, you really need to understand "Human Nature"