I think the meme / momentum angle is the most reasonable guess
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Who had that Bitcoin target price prediction?
- Thread starter Subway
- Start date
from Top 10 to delisted to ATH in a week
you never know
i think there’s a lot of degen money on the sidelines and if this thing takes off, that sideline money might fomo in, just for the memes
Right - it only cost me $300 worth of BTC, if it's gone it's gone. If we get to $1 by Friday it will be a great laugh
The degen money is already in. It bottomed hard on many exchanges below 0.00001000 and now it's up 9000% or so and still slow climbing, as the team decides the best way forward to try and save the project.
Also, LUNA has decoupled on every exchange, which means the price and charts are wildly different. For example, on Bittrex it just hit $0.11, but on Coinbase, it's barely 0.00035 and on KuCoin it's in between.
That’s the beauty of these meme coins where there are several zeros to the right of the decimal point. It always seems cheap and the mind has a tough time telling the difference at a glance, so people gonna load on up
Plus the asset needs no marketing as this point 
Ok, twitter is going off on speculation that LUNA team just transferred $3.5B in bitcoin to Binance and Gemini and is going to start buying LUNA on open market to burn.
that or Do Kwan is cashing out the remaining spoils and buying a private sovereign island
A link or two would be really helpful so we can see for ourselves.
And they transferred $3.5b (42,500 BTC) to Binance and Gemini on the day of the crash. This is not in question, and it's been well documented where the money flowed.
What is in question is where the other BTC is that LFG held. Apparently they had closer to 70,000 BTC so that would mean a lot of BTC is still sitting somewhere, but all the known teams wallets were emptied the day of the crash and the extra BTC wasn't in those.
What Happened to the $3.5B Terra Reserve?
Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.
Link? This is crypto twitter bro, trust me.
Pure speculation that the reserve hasn't been spent yet and it'll be used for a buy back and burn.
Pure speculation that the reserve hasn't been spent yet and it'll be used for a buy back and burn.
Link to earlier, now locked, Bitcoin thread.
By the way, I have not received any of my Bitcoins from the class action settlement.
By the way, I have not received any of my Bitcoins from the class action settlement.
Also - From Do Kwon
Unsure what to make of this plan other than that if it happens, I'll get some new luna coin airdropped....then hope at least one of them is something that people like
Summary of Revival Plan 2
- Fork the Terra chain into a new chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
- Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
- TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
- Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
- Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.
After telling them forking was not the right way forward. Keep in mind Binance invested $3m and got 15,000,000 LUNA which at the peak was worth over $1b, and they did not sell.
What does CZ want them to do?
Summary of Revival Plan 2
CZ's response
- Fork the Terra chain into a new chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
- Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
- TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
- Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
- Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.
After telling them forking was not the right way forward. Keep in mind Binance invested $3m and got 15,000,000 LUNA which at the peak was worth over $1b, and they did not sell.