#Crypto gas gone mad... LUNA below $1 is unbelievable... wtf!

@CryptoSorted 11 May 2022 more from that month

7 comments

@Telesfor 11 May 2022

The same will happen with BTC at some point.
- S@SajS 11 May 2022
  
  Then BCH will crush too! Can't Bitcoin Cash come out of the shadow of BTC? 🤦‍♂️😑
  - @Telesfor 11 May 2022
    
    If it were to happen now, it would be an end not just for BCH, but for all cryptos. But it won't happen now, it will happen when the market decouples from BTC. That will take some time. Then it should be harmless for BCH.
    - S@SajS 11 May 2022
      
      Got it :)
- @OldBastard 11 May 2022
  
  Maybe. But if BTC starts to be heavily used in financial transactions, (or any other crypto, for that matter), then I don't think it will have a massive collapse like this again. Look at Tether. USDT on the Tether blockchain is used by many DeFi projects that have lots of funds tied up in them.
  - @Telesfor 12 May 2022
    
    In my view, USDT is an air coin, it is not backed by USD and will eventually collapse just like UST. As a result, BTC will crash like Luna. I only hope that it will happen when the market has broken away from BTC dominance.
@OldBastard 11 May 2022

Your correct. The crypto market seems to have lost its mind.