Buying the dip based on that its a dip alone is a bad buying strategy.
Luna has crashed back to earth. The lunar launch started off well but the gas to get there was too high. 4000% in debt. This coin will be dead.
It also way below the 200MA if your a long trend trader, you know that selling opportunities is a must in this market. I only day trade with blurt in Ionomy and have been fairly good at it. I have some locked in for the long run. The goal is to get into btc and pull some to invest into blurt again and stake.
I am definitely not quiting my day job either for any digital or other asset.
Luna needs some very heavy support to bring them out their debt.
I wont be surprised if they stop all trading entirely.
I have said it before in hive, investing in stable coins is a bad idea since it relies on external values and it does not create its own value like hive, blurt, steemit, btc, etc
I wouldn't invest heavy into it unless your going to super short it as others jump in to "buy the dip". Which I would guess is what many are hoping for. That others will buy so they can escape and regain their losses. The risk is too high for my taste since the reward at this point is looking nill.
Btw this is not financial advice. Just my observation.
I mean 30 dollar punt on it now would be somwhere in the region of 7,000 dollars profit if it ever hit 10 c again that’s good odds to me better than the lottery.
Ok. You put 30 on it for me and ill pay you 1200 in blurt. If it ever does come making huge profits remember me and rub it in my face. What you say?
I think it’s possible 😅💪
So its a deal. 1200 will be deposited into your wallet. At this moment i have a powerdown almost finishing within 5 hours. I'll deposit those BLURTs after that. But before the day ends for me.
transfer complete
Hey was at the gym yesterday have our meetup today and then the quiz if it’s still low on Monday I’ll get some for you otherwise I’ll transfer the money back. Did you have a wallet to send to ? Or you want me to keep it I’m kinda poor at maths lol
Keep it. I dont have wallets set up for it yet. win or lose its fine, keep the 1200blurts. I did it for the giggles.
You’ll probably just ge More of it tmrw haha it’s going down 🤣
I think its a dead coin now. If they fork into a new stable coin, I hope those that still have luna get compensation for something. Though to be frank, stable coins isnt something toninvest in long term, its suppose to serve as merely a gateway into crypto from tyrannical oppressive "governments" fiat.
I think 1200 blurt is about 28 dollars? Is that right?
Tbh I think at sucha. Low price anything can happen. A) a recovery plan includes a new coin b) a lot of tokens are burned c) someone pumps it d) it becomes a meme coin. Anything is possible why not put £30 on at these prices
Serious investors also told me I was crazy when I said doge could go to a dollar back when it was 3 c and for buying shiba inu