LUNA CLASSIC > DIGIBYTE POSSIBLE FRACTAL, TOTAL SLAUGHTER!
LUNA CLASSIC AND DGB DIGIBYTE HAVE A SIMILAR FRACTAL
Back in early 2021 the hype for Digibyte was huge. There were so many videos, you-tubers, articles, Trading View popularity for DGB and what happened? it correct more than 90% from its hype high. Yes I understand that DGB doesn't have a burning deflationary mechanism but the emotion is still there. Im not saying that this will happen with Luna I am just pointing out the possibility. No one thought DGB would drop back down to under a penny when it was at $.18 cents or even 10 cents or even 5 cents, the true believers, the hardcore DGB fans, diehards, kept on with the positive news and sentiment as long as they could. Then they couldn't anymore, and the hardcore fans and true believers sold, then the diehard investors sold. What if the burns for Luna dont go as planned and they have to postpone them, or they are nowhere near what everyone has hyped them up to be? Need to be mindful that this type of hype and fomo usually leads to serious disappointment and depression once its over, and everyone comes back down to earth. Luna went up a lot and in quite a short period of time from its low, and from my experience in this market is, if it goes straight up then it usually comes straight down unless there is some real world adoption, or white swan (my opposite version of black swan). For now there is no real world adoption, the chain is working but is still in the break in period and need lots of work to regain investors trust. Most investors wouldn't touch Luna with a ten foot pole, especially big money, after that collapse and the USDC still un-pegged. I also don't think the burns on trading transactions on exchanges will ever happen, at least not on high volume exchanges, maybe some no name exchange will do it to get in the news. Its too much of a loss for the exchange and no trader with half a brain would bother to trade it with that type of tax. You cant strong arm exchanges and boycott them for not complying with the requests from Luna, its just a bad look. People need to be realistic and patient. Why not focus on real world implementation instead of yelling at everyone to burn the coins, that would really bring the price up as well. Either way Ill be trading this all the way down or if we're lucky all the way up.
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THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS, SPECULATIONS, AND WHAT I AM DOING. THANK YOU FOR YOUR SUPPORT, I HOPE YOU ALL HAVE A WONDERFUL DAY.
Back in early 2021 the hype for Digibyte was huge. There were so many videos, you-tubers, articles, Trading View popularity for DGB and what happened? it correct more than 90% from its hype high. Yes I understand that DGB doesn't have a burning deflationary mechanism but the emotion is still there. Im not saying that this will happen with Luna I am just pointing out the possibility. No one thought DGB would drop back down to under a penny when it was at $.18 cents or even 10 cents or even 5 cents, the true believers, the hardcore DGB fans, diehards, kept on with the positive news and sentiment as long as they could. Then they couldn't anymore, and the hardcore fans and true believers sold, then the diehard investors sold. What if the burns for Luna dont go as planned and they have to postpone them, or they are nowhere near what everyone has hyped them up to be? Need to be mindful that this type of hype and fomo usually leads to serious disappointment and depression once its over, and everyone comes back down to earth. Luna went up a lot and in quite a short period of time from its low, and from my experience in this market is, if it goes straight up then it usually comes straight down unless there is some real world adoption, or white swan (my opposite version of black swan). For now there is no real world adoption, the chain is working but is still in the break in period and need lots of work to regain investors trust. Most investors wouldn't touch Luna with a ten foot pole, especially big money, after that collapse and the USDC still un-pegged. I also don't think the burns on trading transactions on exchanges will ever happen, at least not on high volume exchanges, maybe some no name exchange will do it to get in the news. Its too much of a loss for the exchange and no trader with half a brain would bother to trade it with that type of tax. You cant strong arm exchanges and boycott them for not complying with the requests from Luna, its just a bad look. People need to be realistic and patient. Why not focus on real world implementation instead of yelling at everyone to burn the coins, that would really bring the price up as well. Either way Ill be trading this all the way down or if we're lucky all the way up.
LIKE, AND FOLLOW ME FOR MORE FREQUENT UPDATES.
THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS, SPECULATIONS, AND WHAT I AM DOING. THANK YOU FOR YOUR SUPPORT, I HOPE YOU ALL HAVE A WONDERFUL DAY.