There were three old, broken houses that nobody wanted to buy. Then came a good salesperson. He created a sales pitch for each house. 1) A gold-plated mansion 2) Mansion made of silver 3) Platinum apartment.
He put an advertisement in newspapers stating that whoever buys this house will attract gold, silver, and platinum, respectively. People laughed at him first and said, "Find a different fool to sell your lies." But the experienced salesperson didn’t give up.
He believed repetition makes a fact seem more true, regardless of whether it is or not. So, he decided to repeat this process whenever he got genuine buyers on the site, he ensured that he got frequent calls to his mobile asking about the availability of the house (Creating Hype)
The genuine buyers went FOMO, with greed dominating their thought process to seek wealth overnight.
They failed to ask one key question: what if we don’t seek gold/silver/platinum after buying this house?
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Is this is the end of #CSE, answer is NO. Many people may exit, new people may join, Mr Market will be here and he will prove everyone he is right at the end. Mr Market will transfer the wealth from people who violates the rules to people who follows the rule.
When AAIC research published AAIC remained stagnant at 30 levels for next 3 months. Whenever people ask me about good stocks I suggested it, but they replied me it doesn't have volume know. Imagine you bought this at 30 and went to Coma and woke up few days back return was 7x.
When you look at the chart you can see the stock got mass attention when it peaked to 180 levels. So everyone wanted to join the running horse and they don't want to Buy a stock when no body wanted and sell it when everyone wanted it. This way you could easily compound money.
$LUNA liquid circulating supply at historically low levels of 108mn compared to 146mn observed a month ago. Recent rally of $LUNA (+44%) indicates increased trust in the project and rewarding mechanism. Multiple to UST still at 1.6x (cf. history average of 3x) indicates 50% ⬆️
I believe sharp decline in $LUNA supply was driven by reward mechanism. This can be validated through the exponential growth in $LUNA staked 375mn vs. 346mn 14 days back. 3 projects are being airdropped for staking $LUNA. Pipeline indicates $LUNA can become a scarce resource.
After being stress tested in real environment $UST supply also observed an uptick. Growth in UST will have a positive impact towards $LUNA price action.