What's Happening With UST Right Now

What's happening with Luna and UST, how UST works and what might be next for UST.

This has been one of the most insane weeks in crypto I've ever seen. 2 of the top 10 cryptos took a beating of a lifetime and no one's quite sure what will happen next.

If you have any questions let me know in the comments and I'll be happy to answer them!

------------

THE OBSIDIAN COUNCIL PREMIUM MEMBERSHIP

📝 The Obsidian Council Premium Membership Is CLOSED ❌

Join The Waitlist:

----------

STAND ALONE COURSES:

👻 The Ghost Tiger Strategy Is CLOSED ❌

Join The Waitlist:

🪂 The Airdrop Masterclass Course Is CLOSED ❌

Join The Waitlist:

---------

AFFLIATE LINKS:

------

FRIENDTECH:

SUBSCRIBE:

OTHER PLACES I'M AT:

*IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, it's just me sharing my journey to a million and taking about what I'm up to and the strategies and tactics I'm using to try to get there. Do your own research always! I'm a normal guy who makes mistakes and has made plenty so far during this journey. So choosing to blindly copy what I'm doing isn't going to lead you to just making a ton of money. I've had investments where I've lost EVERYTHING. I don't just say do your own research as a legal covering but because you really need to do your own research and make your own call. If you don't understand what you're investing in you can lose A LOT of money! Especially in crypto which is super super risky. A lot of the projects I like to jump in are really small crypto projects which make them even more insane risky. Past performance doesn't mean the project will do the same thing in the future, no one can predict the future and what will happen next. I'm pretty passionate about this, I am by no means a professional investor. I'm on my journey to a million dollars, I don't even have the experience to have made a million dollars. All this is to share my journey because I believe there is value in watching me both succeed and fail. It's my story I'm sharing with all of you, DO YOUR OWN RESEARCH and don't just blindly copy me😄

Also all of this info might be accurate at the time of me recording and posting but in the future things could change. Especially in crypto things change fast, so just be aware of that. Thanks!

#Crypto #UST

[jesseeckel]

Also to be super clear. In my personal opinion you shouldn't be buying Luna right now. Maybe the blockchain survives maybe not but buying right now is a sure way to lose a lot of money. There's a saying in investing that goes "don't try to catch a falling knife." basically don't try to time the market and buy something as it's crashing. Especially with Luna as it's rapid fall is based on the relationship between UST and Luna and luna getting inflated an insane amount. Stay safe and good luck!

[SnowyMango]

I listened to about a dozen UST situation summary videos and this was by far the most clear and concise

[realtampapickle]

Pleasant notification bell on a random Wednesday! Appreciate ya Jesse

[mireilledebrosse]

explaination is perfect! thanks my brother

[paolokoch]

To possibly create wealth good enough to retire, diversification is indeed necessary to achieve your goal. I realized the secret of creating wealth with the guidance of a financial professional and would love to share my ideas with the ignorant ones here

[Kevin_Street]

Wow, thank you for this video! I think your video is the best one on the UST situation that I've seen.

[DevinSprout]

Super off topic. Could you make a video showing off the planner you made???

[taf]

I was waiting for this video of Jesse! Thanks for the summary!

[syfodias-jedimaster]

Hi Jesse how did you go about this? Did you sell your ust at a loss ?

[YS]

Do you still hold UST and using anchor?

[julianscheucher]

What should I do with my Anchor Savings account? Letting the UST sit there or withdraw it to terra wallet?

[FRANANGELICOONA]

Apparently, the new quantum financial system has the new currencies like rubles back by gold, unlike before when it was fiat.

[aaravsamardh]

I’m making my first million from stock this week as a beginner, this makes me happy not only for the spare cash in my pocket but the time I have for me and my family

[joeyp]

Great information. Thanks for the vid.

[Mr.conserv]

what platform can you short btc and ust?

[charliegough]

everyone says you can sell your ust for luna as if its $1 but whenever i do it it doesnt give me anything close to $1

[michaelcaldwell]

I literally subscribed off this video. You explained everything perfectly and now I understand what happened. Tha KS brother!

[zakkwyldist]

Am I the only one who thinks he just smiles the whole video lol

[chipsanity]

January 2018 with new players and scenarios, I can't wait for the Netflix movie. Definitely an historic moment. Appreciate your breakdown of the situation.

[theheavenlyoption]

Are USDC and Frax also susceptible to similar attacks and FUD?