Ok so, this trade is akin to a lottery ticket...lines on chart are just that. Here is what you need to know about why this might work for a 100-200% gain maybe more, but don't overstay your welcome...Terra Station/governance, proposal 1164. Its already voted on, passed, and simply waiting 2 days or until the last 10% vote to pass. It allows the terra foundation to burn up to 1 billion UST per day in an attempt to regain the 1 dollar peg. For every 1 UST burned it will increase the Luna supply by 1.....The foundation is going after the peg first....UST=.1556 now, and luna total cap is 6.9 billion(so yes this will hit luna hard). At some point this week they hit UST and it starts to really gain, people will start to take profit and sharks will try to sell to capitalize. Does it get back to 1$? i don't know..Its a lottery ticket, but even if they can get it back to .50 its a 233% gain from here. It seems likely that when this happens luna goes back to the lows...Their are other proposals with a 3% tax on all buys or sells on luna being voted on, but that's not much if this turns into a long battle. Should they regain the peg 1$ swiftly, profits can then be rolled to luna, but luna supply is about to grow much more imo. Its a lottery ticket so treat it as such,,,... GL
@lucastbonatto, yep Monday moring the luna foundation disclosed that they burned through 4.1 billion to 81 million trying to defend the peg.......Its over
jbcal
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@lucastbonatto, To be fair, i said it was a lottery ticket, I threw a small amount at it sunday and exited monday afternoon when i found out the reserves were gone....measure 1164 ends in 10 hrs from right now.....which gives the board the ability listed above...They could still try to pump UST so that any trapped whales can exit. Go to Terra Station/ Governance and look at it
jbcal
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@lucastbonatto, If i had 1 million in ust and it crashed 90%...how do you recover some of it? Buy the shit out of it and pass a measure like 1164...You have now bought up most of the supply, then you reduce the supply and cause price to spike. You DCA'd in by buying less than .10 and now when supply is reduced the price spikes and speculators buy in...At which point the whales exit, and they made most of their money back....this idea isn't far fetched at all....After the next big spike UST falls to 0... thats what your playing here