Galactico (@CryptoGalactik) profile picture

Galactico

@CryptoGalactik

🌑 Survivor of May ‘22 Everything crypto. Sharing opinions and thoughts regarding risk management, asset allocation. Nothing I say is a financial advice.

Joined May 2021
  • Tweets49
  • Following115
  • Followers25
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Photo by Galactico (@CryptoGalactik)Photo by Galactico (@CryptoGalactik)
#BlazetoNatlan
Gacha Daily (@Genshin_T1) profile pictureGacha Daily
@Genshin_T127 Aug 2024
$30,000 GIVEAWAY for #GenshinImpact || 12 Days More quotes, bigger rewards—up to $500! How to Enter: 1. Quote Retweet this post using the tag #BlazeToNatlan and share how you’d Blaze to Natlan! (Example: 🦖⇢⇣▲..🔥) 2. Follow @GenshinImpactOC ENDS: 2024/09/08
Image from Gacha Daily (@Genshin_T1)
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Image from Galactico (@CryptoGalactik)
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Meanwhile in the board room
Image from Galactico (@CryptoGalactik)
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4 Lessons on losing lots of money (from someone who has done so many times) 👇
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Galactico retweeted
CJ (@tweeterazzis) profile picture
CJ
@tweeterazzis13 May 2022
My top 3 lessons from the $luna fiasco. 1. Take concerns and criticisms of the project you invest in seriously. Seek to understand, rather than ignore them. 2. Take profit. Never rely on unrealised gains. 3. Be humble. Don't dunk on other projects. If you're winning, win quietly.
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To my fellow followers, I’m looking into this project now. It’s just started and looks good. It’s called #FITFI You can register here to earn more tokens! app.step.app?r=XW6Y73WV DYOR
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So @stablekwon was "nice" enough to exempt TFL's $LUNA in his new proposal. But about the millions of Luna & $UST that he and fellow TFL members had in their wallets. Guess they get another chance at an exit? /1
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📢 With the UST peg fast coming back to normal, there is an opportunity to help rebalance it and make a profit on FIN here with the USDCso / UST pair - fin.kujira.app/trade/terra1l…. If you need a bridge to get USDCso, this is a goodie portalbridge.com. #savethepeg $UST
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Didn't mean to be so quiet - needed razor focus to deliver, thanks everyone for the support.
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Close to announcing a recovery plan for $UST. Hang tight.
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Rani Haddad (@4484) profile picture
Rani Haddad
@448410 May 2022
ok here is how the $luna $ust attack was coordinated & executed. 🧵 (quoted from a friend) - attacker OTC accumulated $1bn of UST - borrowed $3bn in $btc - spread around some fud about peg and bank runs - dumped the fuck out of their $3bn $btc on market to trigger wider panic
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Even fully-collateralized fiat stablecoins have depegged. Even some of the weak algo stablecoins have recovered. Some thoughts. 🧵👇
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Call me stupid but I just bought a shit tonne of $Luna 😂😂😂
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Replying to @sri_phoenix @Route2FI
DeFi is the Wild West on steroids and no where near being ready. Rugs and scams all day, everyday, 0 accountability. Great idea but hard for the average person to navigate and the risks don’t really justify the reward for most. Unpopular opinion, but that is my experience so far.
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May 2021 $BTC flash crash to 28k $LUNA crash from 35 to 5 $UST de-pegs from 1 to 0.85 May 2022 $BTC flash crash to 29k $Luna Crash from 105 to 25 $UST de-pegs from 1 to 0.70 Volatility will always be there when you aim to decentralize.
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we dare you to open apeboard.finance
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We’ll come back stronger with more maturity and confidence. #ust #terra
LUNAtics!! Use this post to send some good vibes to @stablekwon 🌖 Mfer we ARE the MOON! 😤😤🔥
Image from HERO NFT ⚔️ (@Hero_NFT_)
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Everyone selling UST at 60c and 70c on the dollar is actually just helping it re-peg by reducing the asset-liability mismatch. The game theory is complex and fascinating. And as usual, the ones who lose out from this are those who don't understand what game they are playing.
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