How Much Money Did I LOSE In the Terra/UST COLLAPSE? – The Credit Shifu

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32 comments

Slumberparty May 14, 2022 - 10:37 pm

algo. what a surprise. its only the 50th coin like this to fail.

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TheManOnTheMoon May 14, 2022 - 10:39 pm

Appreciate you 师傅!

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Casey Burns Investing May 14, 2022 - 10:40 pm

Good on you for owning up. Everyone is getting crushed out there and there’s really no place to hide. The selling pressure is vicious but I suspect the sell offs are losing steam.

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Ben Hedges May 14, 2022 - 10:41 pm

Twitter thread on the attack on Terra/UST: https://twitter.com/OnChainWizard/status/1524123935570382851

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Kevin Yang // Finance, Investing, Credit Cards May 14, 2022 - 10:51 pm

Unfortunately Do Kwon's personality + silence during these few days doesn't really help the situation. Rumours about his past stablecoin project also don't help either. Will be interesting to see what his next steps are, and if the market will ever trust in Luna, Do Kwon, or his future projects!

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karthik11512 May 14, 2022 - 10:59 pm

Ben it would benefit you to listen to Saifedean Ammous. Learn why you shouldn’t buy shitcoins.

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wut wut wut May 14, 2022 - 11:01 pm

hold up. 24 hours later, and now you're portfolio of LUNA has probably gone up a million dollars.

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Scott Musgrave May 14, 2022 - 11:03 pm

Bitcoin Stable!? 😥😬🤢

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OmniscientIgnorance May 14, 2022 - 11:03 pm

Keep promoting Ponzi schemes!

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OmniscientIgnorance May 14, 2022 - 11:06 pm

I see you've taken down the anchor video lol. 😁

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K Roddy May 14, 2022 - 11:07 pm

Crypto is a Ponzi.

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qahtan al qaysi May 14, 2022 - 11:09 pm

It didn’t make any sense why you made a whole video 😂 and you only gambled $1200 😂, this was not an investment this was pure gambling 🎰

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thejokerspeaks May 14, 2022 - 11:19 pm

Don't buy alt coins unless we're at the start of a new bull market.

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Bryan Villicans May 14, 2022 - 11:26 pm

Benny Benny Benny Investing in crypto Is not gold silver bullets guns or alcohol people are investing in crypto The fake money That has no f**** value never will

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Berkay E May 14, 2022 - 11:33 pm

This is why I only investing BTC and ETH

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john morris May 15, 2022 - 1:08 am

Was there really a UST depeg insurance? would Do Kwon have this insurance?

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Curmudgeon Extraordinaire May 15, 2022 - 1:23 am

Crypto is a scam

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Learn English with Matta May 15, 2022 - 1:54 am

Always appreciate the insights 💪🏽

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Bekillingyou1 May 15, 2022 - 1:59 am

ADA is Supreme!

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tcgtpl May 15, 2022 - 2:17 am

I have much respect for people who review their previous positions & explain why they were wrong (or right) and update their take moving forward. If you can’t keep yourself accountable then that’s a huge loss of trust on my end. Thanks, Shifu for the video.

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Israel Luke May 15, 2022 - 3:04 am

I don't know who needs to hear this but stop saving all your money. Invest some of it if you want financial freedom.

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R Dilly May 15, 2022 - 3:05 am

I am down about 25% year to date in my brokerage account. Pretty basic stocks, Amazon, some chipotle, some apple. Dutch bros just destroyed me.

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Rob U_73 May 15, 2022 - 3:17 am

I hate to say it, but I don't feel bad for anyone who invests in garbage like Shiba, Doge, etc. Do some become wealthy? Sure, but the large number of people are down big because they wait for a YouTuber to talk and then they buy and that's way too late. 🤷. Good to see you didn't lose much at all.

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Oshexb May 15, 2022 - 3:35 am

So much liquidity has been lost with Crypto this past month. Many young investors lost all of their gains since 2020.

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Wíshe De’fireandice May 15, 2022 - 6:00 am

I can trust the stock market, real estate, and rental properties. For the life of me I just can’t trust crypto anything. I would like to, but at this point Gold and Silver seem like better investments. If we ever did get a Y2K bug or something like it, most of you would be screwed.

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Paul Stein May 15, 2022 - 6:01 am

Buying crypto is speculating, not investing.

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Mandiz Wey May 15, 2022 - 7:56 am

Anyone know how much safer is GUSD… VS actual GUSD earn? Would they hold similar safety or is earn significantly riskier than just gusd

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Crypto Barbaro May 15, 2022 - 10:52 am

I personally was never interested in LUNA because it didn’t really have any use-case…although many people made insane gains I wasn’t tempted by it. I’m deep into Ethereum, VeChain, and Zilliqa and very happy with my bags. I don’t trade crypto, I invest, hold and exit my positions after “years”…I don’t jump in and out of the market so I am immune to these drops. At the end of the losses are only losses when you sell.

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SamsungLG May 15, 2022 - 10:57 am

Anything that is not professionally monitored then it's questionable, don't be so foolhardy under the hype.

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Charlie Durham May 15, 2022 - 1:39 pm

There is no use for crypto. It isn't useful and it doesn't serve an economic purpose. It is purely based on speculation (greater fool theory). It doesn't matter how many algorithms they make.

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Onur Demirci May 16, 2022 - 1:12 pm

Ben, a lot of us were invested in UST and with the volatility , tried to get our tokens out to sell. There is a group of us that went with Coinbase and apparently their fine print says “wormhole” UST is not supported. At least 27 of us with over 200K worth of UST “lost” their UST because of coinbase. The funds are in their wallet but not accessible to the rightful owner. Please make a video showing how deceitful the company CoinBase is. We do have a twitter group and trying to organize.

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Madden 'Credit' Champ May 16, 2022 - 3:29 pm

what I don't get is when I ask how is Crypto currency more important than the USD, nobody can ever explain. all I see is people getting burned with this Crypto & they USD inflation which is not true. As of right now the USD is right at the middle with inflation. The worst USD currency was back in 2008-2009 when Bush was in the office. All these Crypto booger eater tell people that cash is trash, but they still use it everyday. Smh brainwashed

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