Luna Classic long side speculators are absolutely disgusting, and unimaginably pathetic. These fools watched a 40 billion dollar market cap collapse to ZERO because of a ponzi scheme mechanic manufactured by Do Kwon, and are now speculating WILLINGLY on a token created by the SAME PERSON.
This is sort of like if your business partner stabbed you in the back and stole 40 billion dollars from you, but you decided it would be a good idea to start a new business with the same person just a week later because they promised that "they had changed" and that "this time will be different".
Well, I will be the bearer of bad news for you, if you are a "Lunatic" (accurate word). This time is not different. Do Kwon has not changed. Really it is my belief that people are essentially static 99% of the time, and cannot change without absolutely enormous effort. Once a scumbag, always a scumbag. There is zero evidence I can see that Do Kwon has actually changed in any way, or that he won't continue to try and scam his loyal fans.
But really the key here is the idea of "Fool me once, shame on you. Fool me twice, shame on me". When LUNC "investors" get rug pulled for a second time, they have no one to blame except themsleves. They knew they were buying a worthless asset that will never produce any value of any form and was created by a serial scammer, and they bought it anyway. They bought it so heavily, that LUNC is now valued as the 28th largest crypto by market cap. To put it into perspective, that market cap is almost half as large as Doge. The difference between LUNC and Doge is that the Doge meme is kind of funny. A little bit funny. LUNC is not funny. It's just sad. It's just pathetic. Really, it's vile. There is no respect shown for those who lost all of their money on LUNA when Do Kwon pulled the rug. This rally dances, shits, and pisses on their graves.
In the comments, I am going to hear about some of your narratives.
"Burn LUNC" -- WOW! You truly ARE a lunatic. Rational human beings do not willingly burn their own money just for some "group cause". Especially when there is no actual "group" and it's actually just a lot of mercenary speculators who hope to get rich quick at the expense of greater fools. Make no mistake, there is no true loyalty to any "cause" in crypto. Speculators are only concerned with making money. Burning money is the exact inverse of this. If you legitimitely think that any substantial portion of the supply of LUNC will be burned, you are in for a big suprise. "Transaction fees" don't work either, because almost all of the volume for this scam is occuring on CENTRALIZED EXCHANGES. You can't even pretend that LUNC is having a "short squeeze" because there are literally only a few perps that even allow you to short this joke.
So the one narrative pushing this heap of dog poop upwards is that there will be some kind of burn event on the 12th. I think this burn event will probably be the "Elon Musk SNL moment" for LUNC. What I mean is, the exact day Elon went on SNL, Doge peaked and never came back. This is because the greatest fool tends to buy into a "news event". In this case though, they are actually buying a total non-event, since this ""burn"" is almost completely irrelevant. This means it's likely LUNC will peak sometime around the 12th. That could mean that it has a little more to go on the upside. We will start to build a small short position, and grow the position if the prices continue to push higher through a DCA. In this environment of low liquidity and a tightening FED, there is no possibility that a stupid unfunny meme of a scam will continue to rise indefinitely.
Retail stupidity knows no limits. It's all so tiring.
This is sort of like if your business partner stabbed you in the back and stole 40 billion dollars from you, but you decided it would be a good idea to start a new business with the same person just a week later because they promised that "they had changed" and that "this time will be different".
Well, I will be the bearer of bad news for you, if you are a "Lunatic" (accurate word). This time is not different. Do Kwon has not changed. Really it is my belief that people are essentially static 99% of the time, and cannot change without absolutely enormous effort. Once a scumbag, always a scumbag. There is zero evidence I can see that Do Kwon has actually changed in any way, or that he won't continue to try and scam his loyal fans.
But really the key here is the idea of "Fool me once, shame on you. Fool me twice, shame on me". When LUNC "investors" get rug pulled for a second time, they have no one to blame except themsleves. They knew they were buying a worthless asset that will never produce any value of any form and was created by a serial scammer, and they bought it anyway. They bought it so heavily, that LUNC is now valued as the 28th largest crypto by market cap. To put it into perspective, that market cap is almost half as large as Doge. The difference between LUNC and Doge is that the Doge meme is kind of funny. A little bit funny. LUNC is not funny. It's just sad. It's just pathetic. Really, it's vile. There is no respect shown for those who lost all of their money on LUNA when Do Kwon pulled the rug. This rally dances, shits, and pisses on their graves.
In the comments, I am going to hear about some of your narratives.
"Burn LUNC" -- WOW! You truly ARE a lunatic. Rational human beings do not willingly burn their own money just for some "group cause". Especially when there is no actual "group" and it's actually just a lot of mercenary speculators who hope to get rich quick at the expense of greater fools. Make no mistake, there is no true loyalty to any "cause" in crypto. Speculators are only concerned with making money. Burning money is the exact inverse of this. If you legitimitely think that any substantial portion of the supply of LUNC will be burned, you are in for a big suprise. "Transaction fees" don't work either, because almost all of the volume for this scam is occuring on CENTRALIZED EXCHANGES. You can't even pretend that LUNC is having a "short squeeze" because there are literally only a few perps that even allow you to short this joke.
So the one narrative pushing this heap of dog poop upwards is that there will be some kind of burn event on the 12th. I think this burn event will probably be the "Elon Musk SNL moment" for LUNC. What I mean is, the exact day Elon went on SNL, Doge peaked and never came back. This is because the greatest fool tends to buy into a "news event". In this case though, they are actually buying a total non-event, since this ""burn"" is almost completely irrelevant. This means it's likely LUNC will peak sometime around the 12th. That could mean that it has a little more to go on the upside. We will start to build a small short position, and grow the position if the prices continue to push higher through a DCA. In this environment of low liquidity and a tightening FED, there is no possibility that a stupid unfunny meme of a scam will continue to rise indefinitely.
Retail stupidity knows no limits. It's all so tiring.
Comment:
For all the Lunatics in the comments, take a look at the time when I shorted the picotop of your stupid Luna shitcoin. Get rekt.
Comment:
I shorted the pico top of LUNA once, and I will absolutely do it again. See you back at zero.
Comment:
Get fukt
Trade closed: target reached