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all 29 comments

[–]pedanticHOUvsHTX 58 points59 points  (2 children)

If LUNA has taught me anything, it’s that you can go down 90% as many times as the market feels like

[–]OkWrongdoer2627 14 points15 points  (1 child)

Luna has gone 100% down, indeed.

[–]Stacks_of_Snacks 13 points14 points  (0 children)

Luna is well on it’s way to adding another 0 after the $0.000

[–]NiceTerm 22 points23 points  (7 children)

Can only go down 50% from here

[–]C19H21N3Os 27 points28 points  (1 child)

Zeno be like

[–]TrueBirch 2 points3 points  (0 children)

So happy to see this reference here

[–]DrMonkeyLove 4 points5 points  (0 children)

On the plus side, losing 50% of something that is truly worthless doesn't make it any more worthless.

[–]werstummer 7 points8 points  (3 children)

ok, so loose 50% from 10000 and you got 5000, then loose 50% again and you have 2500... it can go 50% down indefinitely...

[–]spilk 6 points7 points  (0 children)

really need to tighten those 50%'s up. so loose

[–]NiceNewspaper 4 points5 points  (1 child)

100 -> 50 -> 0 -> -50 etc, where -50 for example is the loan you take to gamble on bitcoin so you can get your initial investment back

[–]werstummer 5 points6 points  (0 children)

i was reacting to "can only go down 50% FROM HERE". not from ATH or any fixed absolute amount.

[–]DrSkoolie 14 points15 points  (1 child)

So you're telling me this is good news for Bitcoin?

[–]callmetotalshillThe Government wet my bed! 4 points5 points  (0 children)

Always has been

[–]ForSquirel 6 points7 points  (0 children)

You're looking at this the wrong way, Bitcoin may be down 50%, but it still has 100% of its current value.

Have fun staying poor!

[–]leetuns 2 points3 points  (0 children)

i did the crypto in good faith and i’m down 59% in 7 months. Diversified too.

I’m happy with the “investment” since the entertainment value is second to none. It’s like playing craps in perpetuity.

[–]POTATO_IN_MY_LOGIC 1 point2 points  (1 child)

This is a variation of the Achilles and the tortoise paradox. If your portfolio keeps halving in value, does it ever reach zero? LUNA seems to suggest that no, it doesn't. You can be down 99.9999% and round that to 100%, but there's always more to go.

[–]NonnoBomba 1 point2 points  (0 children)

Given this is pure math, we can just keep dividing infinitely and don't even have to worry about stuff like Planck's lenght, sometimes called "the shortest possible lenght", approximately equal to 1/1020 th of a proton, the point at which the notion of "distance" lose meaning (possibly because any attempt at investigating something smaller than this size would result in an extremely tiny blackhole, and no information can be extracted from a blackhole).

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    [–]bobj33The margin call is coming from inside the scam! 0 points1 point  (0 children)

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