Do Kwon thought he could rule the crypto world with Terra Luna, instead what followed was the largest failure to occur in the crypto space.
Correction at 1:58 I showed the screenshot of the wrong project, it’s supposed to be ‘Basis Cash’, not ‘Basis Markets’. Sorry about that.
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Sources:
Personal interviews with sources at Terra Labs
https://www.coindesk.com/business/2022/05/08/ust-briefly-loses-peg-luna-drops-10/
https://decrypt.co/100434/what-happened-terras-bitcoin-reserve-ust-luna-crashed
https://fortune.com/2022/05/13/terra-ust-stablecoin-crash-suspicious-potential-attack-george-soros/
https://coinjournal.net/news/the-10-million-luna-twitter-bet-who-will-win/
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Investors in these schemes are simply Greedy, the offer of 20% was unsustainable.
Most people don't understand the difference between trading and investing, trading simply means exchanging (something) for something else, usually in the form of a commercial transaction. When you buy at cost, you are selling at a higher increase after your profit has been made, or you are converting it into your local currency. Investments are assets or objects acquired for the purpose of earning income or adding value. Valuation refers to the increase in the value of an asset over time. When a person buys a product as an investment, their intention is not to consume the product, but to use it in the future to create wealth, which is why expert Marilyn Sam has everything you need to help you manage and add value to your portfolio in the future.
Ups! the ponzi scheme fall down
I wonder is it different people getting caught up in this every time because it can't be the same group of people just throwing money at fake coins just to lose
Ive made enough investment's in stocks and crypto and have learned the ins and out of investments over the past 20 years to know this is just another form of a scam be enabled by zero regulation and you will continue to see it until something wide spread is done to crypto.
Perfect Botez gambit!!
He is responsible judgement coming
Should have stress tested his algorithm. Very poor work for some who professes to be a Computer Scientist, or at least that's what the piece of paper says. So much arrogance in his generation.
Brits and Americans always causing the world's problems, is basically a summary conclusion of your videos.
History repeating like during WW2 and WW1/Spanish plague. Roman Catholic Adolf Hitler exterminated 12000000 under the guise of a typhus epidemic, and now under WW3 and a corona virus pandemic. Hitler used Zyklon B rodent extermination gas with the fumant removed. It causes symptoms like corona virus. Look up in the sky you will see planes spraying your cities! Hitler attacked Russia, just like what is happening now. The British Empire had no legal male Heir so they imported a fake one from Germany. The British Queen's husband "Prince Philip" renounced his German citizenship, became a Greek citizen and as a Greek citizen moved to Britain gaining citizenship there. After appointed a Duke, out of thin air and then as a Prince and married Queen Elizabeth. "Prince Philip" took the name of the Queen, not the other way, as it usually is done, where a wife takes the husband's name. The British Empire has run out of male Heirs at least twice, and they kill to suppress it. WW2 was a way of hiding this fraud, and now WW3 is a way of hiding that illegal combines Heir. The Bible says that a male would not fail to sit on the throne. A family name continues through the males, not the females, and Philip was a fraud. He had become a Greek citizen to make it appear that he was a Royal from the earlier Greek dynasty. Total theater. The Catholic Empires of the Roman Empire form one leg and the UK(British controlled) Empire forms the other leg of the Roman Empire, with the King Pope Francis as the ruler of the whole system, which declared WW3, where Orthodox Church banned in Ukraine. He has a triple teired crown with 666 on it in Latin(vicarivs filii dei). He is a King of the city state of the Vatican(the Vatican is the smallest Country in the world), Rome Italy, and is mentioned in Revelation, Apocalypse, 17,18 of the Bible. It mentions that this Empire is responsible for all those slaughtered on earth. It mention what the leaders wear, which is scarlet(Cardinals), and Purple(Bishops). The UK leg Royals also wear those colors, a long with Judges and Magistrates of the Crown. They refer to this entity as the Crown. When some one goes to court in one of the British subservient Nations, it is said that the Crown has a case against the person. Canada, Australia and others are not sovereign or free(whose image on money?). please read Revelation Apocalypse 17,18, and study it closely. 1Timothy3:1-16 mentions that the one looking after a group(Church) should be a husband of one wife with obedient children. The Pope and the Priests of the Catholic Church are forbidden to marry, and so don't even qualify, according to the very book and God they say they claim to represent. The Bible's Peter's mother in-law was cured by Jesus(Yeshua). So if Peter had a mother in law, then he had a wife as there is no other way. That is why Catholic Priests have sex with so many little boys, girls and women attendees. There was over ninety cases of Preists molesting little boys in the city of Boston, USA alone. None of the Priests were disciplined, but were only moved. The whole system is a fraud. The Roman Emporer forced a combining of Biblical and Pagan beliefs, when Rome Nationalized the Church. Rome forbid the celebration of Biblical Holy days and Sabbaths under threat of beatings, then confiscation of property and finally death. Many beheaded or burned alive. Revelation Apocalypse 18:4 says get out of this organization "my people" if you don't want to receive her plagues. Freedom to communicate is under attack by Church and State, up to the point they are threatening to bomb the microprocessor production facilities. Pray for me and you, please! Russia says they have the proof that Britain was involved in at least three major terror attacks against Russia. Would Russia bomb their own 5+ Billion pipeline, their own bridge and powerplants? NATO said that they would attack the Solomon Islands if they militarize their island, because Australia would feel threatened, but NATO was militarizing Ukraine, where they had bunkers full of weapons. Defensive? If an Island is not recognized as sovereign, then none are. Yet Australia is militarizing. NATO's puppet regime in Ukraine was banning the Russian language and culture even though that was many people's only language. The Ukrainian Capital is a Russian word until Western media changed it to hide the Russian history, as Ukraine was part of the Russian Federation until a recent NATO coup, which the US planned, as they told their dignitaries not to attend the Russian Olympics at that time. You can go to prison for teaching the Russian language. All opposition parties in Ukraine (banned). Those with out blue arm bands(now yellow?) being put to death. Many US Officials had been talking about a coming war with Russia and China. Years in advance. Donald J Trump said he couldn't answer corona virus questions claiming we are at war. Trump said that the US will soon be at war with Russia and China, and defense production act initiated 3+ years ago. Taiwan has no embassies, as they are not a Country, but are part of China, as acknowledged by most nations of the world till recently. NATO is planning to do to Taiwan and China what they did to Ukraine and Russia. Nancy Pelosi's husband's attack is a fraud. The Police changed and contradicted the events multiple times and it makes no sense. Corona virus is a code name for information that exposes the crown(Government/Royals). A vaccine is computer/electronic device program that deletes information from your view(anti virus software). Symptoms for a biological virus comes from being gased, radiated or sprayed in your environment. Planes fly in parallel patterns, causing heating of your environment and breathing difficulties. America/NATO is about to start wars with Ethiopia, Haiti, Taiwan, Korea, Syria, Iran, Russia and the list goes on. NATO Countries have invaded more than half of all sovereign Nations on earth, in the last 30 years. New Central Bank digital currencies(CBDCs) will be centralized and backed only by cow farts and trust, where as Bitcoin is decentralized and backed by gold. Bitcoin/gold and silver came under a major attack by the crown(governments). The digital currencies will create a M.O.B. type system, that if you get in government cross hairs you will be shut out of the system just like Venezuela, Cuba, Iran, Iraq, Russia and so on and so on. If they do it to a complete Country, then they will have no problem doing it to individuals. Revelation 7:9, God says he would take out of all Nations and Tribes and Peoples a people for himself. God accepts all those who accept him of all Nationalities. Donald J Trump started operation warp speed to force vaccinate the American people by military nurses. Trump added death by electrocution, firing squad, poison gas to the already used lethal injection. America turned it's back on God. The US, Canada, Germany, Italy, Britain, Australia, Austria, Ukraine and many other Nations refused to agree and voted against a move at the United Nations to condemn Nazism. Russia voted against Nazism. Remember the Nazis? They started WW2 and exterminated 12000000 human beings, often by extremely cruel means. The Ukraine military has a entire Nazi battalion the Azov Nazi battalion. Church leaders clearly seen in Hitler's Nazi SS footage blessing the troops before slaughters. The Azov Steel Works was full of swastika tattooed Nazis that surrendered to Russia. Fighting for Democracy? Britain installed two Prime Ministers that were not elected. Donald J Trump used his office while President to start a business so called "Truth Social" that he claimed would enable free speech. Later Mr.Trump tried to get the Justice department to stop late night hosts from talking about him. Russia and China no longer accept US fiat currency, so G7 banned Russian gold. Supposed unbiased media not allowing comments, is a mass deception and contrary to their stated purpose. CBDCs attacking crypto. 1933 the US confiscated gold. For 50 years,10 years in prison for having it, and only ended when gold was separated from backing money in 1971 now backed by cow farts. 2022 Biden bans Russian gold. UK Queen's final confession, was that Protestantism was a fraud, and just a 2nd leg of Rome. The US bombed the Chinese Embassy in Belgrade Yugoslavia during over 10000 bombing runs, so does the world wage war on NATO, or for when 10 civilians bombed in illegal Afghanistan war? CBDC backed by cow farts, 12 week trial run happening now. NATO is an alliance of Nations on both sides of WW2, which is weird until you realize it was fake. Operation paperclip where German Nazis were smuggled through the Vatican to America to avoid Russian prosecution, makes a lot more sense when you realize they were all together against Communism(Acts2:44, 45 Russia). NATO needs to be disarmed. NATO has the M.O.B on their flag. Think! Germany says they are out of weapons and need 20 billion to resupply. Germany who started WW1+2 out of weapons? How? Ukraine. "Operation Barbarossa" ² Former German Chancellor Angela Merkel says that the Minsk agreement was just a lie to enable future war on Russia and Ukraine. Corona/covid is information and the vaccine is antivirus definitions to delete the information. NATO equipment all new, but Russia's old, think! Those who Hitler rounded up, were on average disarmed and dead with in 70 days. German Police raiding homes now. 7/12/22. Italy and the US Catholics were on the Ukraine/Polish border and started the war pretending to be both Russia and Ukraine? A French General, formerly of the NATO Command of Europe calls on Ukraine to do a mass bombing of a Russian parade honoring Russia's victory over the Nazis of WW2. Roman General Marya initiated the military doctrine of a continuously waring Roman military. Think! !-!!!(
Dude STOP!
ANY STOCK OR FUND THAT PROMISES 20% ANNUAL RETURN??? IS BS.
just throw this conman in jail already.
Mogwai! Nice. Subd
"They wanted to avoid the crazy speculation of the crypto market."
And they thought they do that with a project that is just two made-up coins that trade against each other which only value is believe AND that promises a risk-free 20%?
ROFL 🤣
What is the name of the Matthew Mcconaughey film seen in parts of this video?
Automatic subtitles write "Terror System" each time Terra System is mentioned. Pretty accurate.
When someone is offering 20% returns and includes risk-free in that same statement, run away as fast as you can. anything above govt bond rates in that currency contains some risk
Crypto is such a scam. When will people learn there’s no such thing as easy quick money.
Liquid cash will always be king….
Forever grateful and thankful to you, you've changed my whole life, I'll continue to preach about your name for the world to hear how you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Alyssa Hultman
the words ‘stable’ coin, is false(fraudulent) advertisement. so this company sounds like a twin of FTX that lost 1&1/2 to 2 times the $, why was it not in the news nearly as much?
SBF now laughing because FTX where the one that broke Luna
Terra Luna another example of crypto Ponzi Scheme
i dont feel bad for anyone, you play with fire by expecting yields like that.
Wow
if you buy cryptocurrency you deserve bankruptcy 🤣
I’m new to stock market/ crypto and would like to invest but I’ve got no idea on how to make a good profit. Please what is the best approach you’d recommend?
What about Tether? USDT
People, just a tip/advice: Do investing, crypto, stock market and all that bullshit with ONLY your FUCK YOU money. Fuck you money is the amount of money you keep to play around after taking caring of your bills, daily needs and savings. YOUR SAVINGS IS NOT YOUR FUCK YOU MONEY!!!! Don't go greedy after you get a little profit and start dumping your necessary money into the market. Remember, the ONLY people who are actually making ANY PROFIT in the stock markets, cryptos and all are the ones WHO ARE CONTROLLING IT. You are just given the illusion of little profit to keep dumping more money into their system.
⭐️⭐️⭐️⭐️⭐️
I've seen people generate seven-figure profits in decreasing markets just as readily as they do in rising ones; it all depends on the information and methods used. There is no doubting that the recession and crisis have greatly benefitted certain people.
You made a huge mistake. The ONLY reason to lock up your funds as a retail investor is so that you cannot sell while the company is tanking.
this is why i invest in silver
Yet…..these investors bought a pie in the sky……..
First it was bill hwang and now this guy. Whats up with these koreans
Let's get this to 3m views family!
And the amount of fake crypto bots on youtube is already big red flag in itself. Forced fake advertisements to get people to waste their money on it. People can scam and get away with it as long as they get big bucks….
Crypto companies are all scams 😂
When will people learn that guaranteed returns are 100% a scam????
Kwon: I just destroyed so many life savings.
SBF: Amateur.
Kwon: What did you say?
SBF: AMATEUR!
Yeah !!! 20% yield ???? Seriously ???? Why people do not smell fish with this kind of story ????? FTX, Luna, Bitcoin, seriously, what is safe with this crap ??? When people will learn ???
My heart goes out to the people massively effected by this disaster
My first experience with Mr Sam Deymon gave me the assurance that has made me invest without fear of loosing and I got 4 of my friends involved with him.
Most times having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say forex and crypto trading is one of the profitable money exchange services that elevate investors and their financial status.