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Are you a LUNAtic?
Wisdom, Fear and Lunatics...
Welcome to another Crypto Cartel Newsletter,
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Today
Fear’s in the air
Quote: Buffets timeless advice
Tweet: The crypto workforce is expanding
Quick Dive: Terra Luna
Fear’s in the air…

Fear is in the air… as we mentioned yesterday in our Bitcoin outlook, we are at a crucial area for bitcoin over the coming weeks. Will we bounce or crash?
Check out the full technical analysis here:
Quote:
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffet
It’s easy to get caught up in greed and sentiment, but likely hood is, if you are with the majority, smart money will be taking your hard earned money.
Tweet:
The fact that Robinhood is letting go almost 10% of their workforce, but *still* hiring for #crypto roles shows you the way the wind is blowing...
— Coin Bureau (@coinbureau)
9:08 AM • Apr 27, 2022
Crypto is still in its infancy. As with anything new and hyped, bubbles may occur, but the underlying technology is here to stay. Companies are now ever expanding their job opportunities - all wishing for a piece of the pie.
Quick Dive: Terra Luna

Let’s admit, Cryptocurrency can be very volatile, but with high risk can come high reward, right?
But what if you want to store your value in something a little more stable — here is where ‘stable coins’ come into play.
There are several popular ones, one of dominating ones being Tether. These allow us to buy and sell crypto without transferring back to fiat currency (dollars, pounds, rupees etc).
Recently, these have been coming under attack by the SEC (U.S. Securities and Exchange Commission)… but we won’t bore you with that.
*Here is where Terra comes into play*
Founded by Do Kwon, a former Stanford University computer science grad, Terra is known as a ‘decentralised stable coin’. Meaning the network shouldn’t easily be manipulated/ ‘shutdown’ like others potentially could.
It is a blockchain based on pairs of cryptocurrencies – Luna (LUNA), and a stable coin pair, the most popular being TerraUSD (UST).
Algorithms are used to create a balance between the stable coin LUNA. In this example we will be using UST.
As more UST is required in the economy, LUNA has to be burnt to create this – and vice versa.
In essence, as the adoption of Terra stable coins increase, more Luna will have to be burnt therefore increasing the value of Luna due to its rarity. As the Terra system is mass adopted, theoretically, LUNAs value should also increase, according to their model.
If you want further information, take a look at their youtube/ whitepaper.
Stay tuned for the next technical analysis instalment, if you would like to see a deeper dive into the LUNA charts.
Peace out,
♛ The Crypto Cartel ♛
Not financial or tax advice. This newsletter is strictly for educational/ entertainment purposes only. It is not investment advice or an invitation to buy/ sell anything or make any financial decisions. Please do not make any decisions based on this newsletter, speak to a professional and do your own research.