Well that was a disaster lol Glad it didn't cost me anything.
I got my cousin to try to buy the thing for us bc I don't have a driver's license and couldn't get into the stupid site.
She says she couldn't access the site from Canada or some shit, $60 is not enough money to invest bc there's a $15 fee, blah blah blah.
It's not Canada, but Ontario in particular.
Ontario Security Commision started flexing on crypto exchanges. Wanting them to comply with regulations. As for the rest of Canada, it's not a problem.
Binance is currently working to meet the OSC standards.
There are a list of exchanges still running in Ontario. I'm currently using Crypto.com and I must say it isn't half bad. Sadly my top 3 exchanges are on hold for now.
I hate Ontario governing.
So Tony, how about a tutorial to make this a bit easier?
Is this Terra Luna 2.0 thingie still a go?
A bazillion crazed crypto nerds didn't buy it all?
As for Terra Luna 2.0 ( Not to be confused for Terra Luna which has just been rebranded to "Luna Classic" DO NOT buy Luna Classic which is the one currently selling for .0001.
Just to get it out of the way I'll go over the Airdrop. They updated it, which most likely increases it's Max supply I imagine.
Those who held Luna BEFORE, the attack made good money within the past 4 hours since Luna 2.0's launch.
If anyone invested in Luna for the airdrop... They made peanuts. Personally my 10 million Luna Classic model would have yielded 153 coins and for this reason I opted out of holding Luna Classic before they took a snapshot of all addresses and their holdings.
- Luna Pre Attack Holders = Say they had 1,000 Luna they're up $5870 in USD. People have more than that.
4 hour price action
As the new Luna is rolling out to participating exchanges ( Not on Crypto.com yet ) there will be a lot of people taking profit from their airdrop. Some of them are whales looking to push down the price so they can suck up more for the imminent pump.
Others are Luna's initial investors, this project bails them out. Some sellers are day traders and looking to increase their stash. Some sellers are angry at Terra Luna and making back their capital. Some saw it was best to sell and have a nice 3x gap for buy back.
Luna 2.0 is without a doubt undergoing a consolidation phase.
^ First 4 hours.
Another thing to note. Terra isn't just a coin, it's a blockchain, like Ethereum or Tron, or BSC and a few others. So projects will be built on this and the Luna will be it's native coin that handles all fees. It'll have utility with everything done on it's blockchain. It can easily mash it's predecessor's ATH of $119 and be a top 10 market cap project.
It could go lower, but there'll come a time buying these price ranges will be a good deal.
As for Luna Classic, again, that project is dead. It got flooded with newly minted tokens from it's death spiral and it has a supply of 6.5 trillion coins in circulation.
One more thing to note. Luna 2.0 ( Which is simply called Terra Luna now ). It's airdrop will be distributed over the course of 2 years. I can't remember the exact number, but the current 'circulating supply' is about 111 million or so coins, making it quite scarce. We're also in the bear market so prices will be coming down, newer project will be discovering their prices
.
Some sellers know what they're doing while others will regret selling their first airdrop at launch. My trading alias is Stashencrash, but in times like these I call myself Crashenstash. It's still coming down ( still morning ). For now I'm glad I don't have any, and I'll be monitoring it periodically. It can go to $1 or less. Terra also has billions in Bitcoin reserves, it really wouldn't hurt them to pump this project and get investors fomoing in on it.
