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Ok I admit it. I don’t understand TERRA LUNA at all, but I’m still making money from it.

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by COINS NEWS 179 Views

Despite this bearish market, the TERRA ecosystem has been a tiny spark of light.

I did my research as always and got in a few weeks ago at about $52. I’ve sold and rebought on and off, for the last couple of weeks, and made a decent profit. (I’m not bad at TA).

The problem is I don’t get it. I really don’t understand this project. I’ve read several papers. I know it has to do with it’s pegged value to its stablecoin, LUNA and UST are burned and minted together, but that’s about the limit of my understanding.

I accepted this investment as a 100% gamble, nothing more.

Now that I’m up significantly (more than 2.5x), I’m at a fundamental crossroads of trying to decide whether I should sell all now and take my full profits.

The CEO is a bit of a degen himself and just made a big bet on twitter after being being baited by random users. So this is also something that concerns me.

submitted by /u/gnarley_quinn
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