$LUNC It's never going back to 0.00005... The rocket has launched 🚀! But this is just the beginning! There are many levels left to climb! Are you going to miss out?
Read! Written by CZ, the CEO of Binance, in his book “Freedom of Money”
I said: “No”.
1. Selling in tough times would have increased the bearish pressure on the market and harmed the project. As a major player in the market, I believed Binance needed to support projects and not just focus on profit.
2. Exiting such a large position should have been done gradually over many months to minimize the impact on the market, and the collapse of LUNA was not the right time to liquidate.
Ultimately, I didn’t want Binance to be seen as someone who sold before retail users. Our call with the Terra team aimed to help them overcome difficulties, not maximize our own profits.
In just a few days, our $1.6 billion in LUNA dropped to be worth just a few thousand dollars. Still, the Binance team supported my decision. We believed it was the right thing to do. This situation highlighted the contrast between acting guided by a mission and acting guided by profit.
I indicated to Binance to burn 50% of the trading fees we received from LUNA transactions. I wasn’t sure how long it would take to reduce the supply through burning, but at least it was something we could do for the community. To this day, I still receive tweets of thanks from LUNA holders, and Binance continues to burn 50% of its trading fees from LUNA.
This is why the rise! The CEO of Binance prioritizes the revival of the project over personal profit!! LUNC can rise again!!
$LUNC Let's talk about your current position! Notice how the selling volume is significantly lower than the buying volume.
This translates to acquisition, which means cash inflow and price increase.
Speaking in numbers, imagine your investment of 100€ at 0.000055 (for example) would make you the holder of a total of 1,818,181.8181… not counting trading fees.
Currently, the price has risen to 0.000071. So you decided to sell everything with a fixed sell order (not at market price).
You’ve turned those 100€ into 129.09€. Good job! You’ve recouped your 100€ but also made a profit of 29€!
However, the price hasn’t peaked yet, but in a hypothetical scenario, it continues to rise and rise, leading you to speculate that it will keep going. You decide to re-enter, for instance, at 0.000085 with those 129€, which translates to a total of 1,521,058.8235… tokens!
What’s happened! The value of the LUNC token is at a price that’s practically a STEAL/DISCOUNT, and while this isn't investment advice, you’re missing out on approximately 300,000 tokens just for 29€…
Investing in cryptocurrencies is high-risk, but there are many who believe in reviving this token, moving past a bad history, and creating a new method while maintaining the current chain and improving the roaming on the blockchain.
I don’t know, but I hope it reaches its goal and proves useful, as both $BTC and other tokens face the challenge of government regulation.
So, to sum it up, are you really going to lose your position for 29 lousy euros?
(The images belong to different moments and have been used as graphical examples)
$LUNC It seems that the buy pressure is finally surpassing the sell pressure! To maintain this momentum, there shouldn't be sell orders exceeding buy orders! Also, trading volume needs to increase to help push the price up! How many burns are happening right now with all this movement... I'm sure some short positions have been liquidated... Lunc to the moon
You didn't learn to count beyond a thousand, did you? You have 31M 298 thousand 955 with 0061...
Robo walet
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I have 312 billion $LUNC — Look! One day, this coin is going to explode — mark my words! I really believe that I will be a BILLIONAIRE soon, Inshallah! #LUNC Y #Billions #lunc # LUNC 0.00003737 $LUNC
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