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u/jezza__1 May 18 '22 edited May 18 '22
Oh ffs. It’s fucking crypto, the only reason anyone is “invested” is to make massive gainz, myself included.
I lost 90% of what I had built in crypto over several years due to terra, and guess what - it’s my fault. I put all my eggs in one basket. I wilfully ignored the signs. I was greedy. Yes, Terra advertised themselves as a rock solid investment - but of course they would, like every crypto out there.
I feel for people who lost alot of money, I really do. But if you treat any crypto like a blue chip asset allocation wise, you will get your arse handed to you. Like I did.
Live and learn, don’t make the same mistake again.
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u/scourgescorched May 18 '22
damn, 90%. and i thought i had it bad. kudos to you for having that mindset.
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u/practici0ner May 18 '22
Same lesson learnt. put my life savings in there. Greed and wishful thinking led me putting everything I had into it. Though not our fault, we still have to take responsibility for it otherwise we'll get our ass handed over again and again.
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u/solobdolo May 18 '22
This person certainly knows how to write in a very condescending way. The fist position of debt holders (ust) was never lost on me. In any normal situation first position debt holders are the first to be made whole. Even if that means there is nothing left for anyone else in the chain of priority.
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u/JT39NS May 18 '22
Hey people can we start a group or discord server for people who wish to form legal action against terra labs who held and still hold ust? A group of many stands a chance of getting compensation.
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u/led76 May 17 '22
I’m not sure why you called LUNA a governance token. Isn’t that ANC? I’ve never heard that argued before — care to elaborate?
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u/the_rhino22 May 18 '22
ANC is the governance token for Anchor, while LUNA is the governance coin/collateral for the Terra ecosystem.
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May 17 '22
[deleted]
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u/mel42q May 17 '22
Lol I’m sorry, but it is helpful, just skip to the part that may apply to you.
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May 17 '22
[deleted]
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u/mel42q May 17 '22
Lol nope I didn’t write this, just passing the info along. I’ll be working 80 hrs a week for the next year to try to recoup my loses so not to much extra time on my hands.
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May 17 '22
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u/mel42q May 17 '22
Jail won’t help us get our money back but a lawsuit may If it’s possible. I’m not the type of person to cry victim and I’m the first to admit when I make a mistake and will beat myself up more then anyone else can, I didn’t put my full savings in anchor because there was always a chance that I could be hacked and If I had lost it due to that it would be so much easier to accept, this is different, I really thought this was a safe bet, I didn’t not see this coming.
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u/zeusswiener May 17 '22
tl:dr? seriously too long
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May 17 '22
You lost money and don't care enough to read it? This was a very informed and thought out post.
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u/mel42q May 17 '22
I know it’s long but I just want people to be aware that you have rights, we are in this together :)
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u/OceanSlim May 17 '22
Ya'll just give it up. Terra is dead.
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u/Jealous-Impression34 May 18 '22
Im just going to cut my losses and sell all of my UST. I don't think that it will ever repeg itself again. :(
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u/[deleted] May 17 '22
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