Luna went -90% from $100 to $10
And then again -90% from $10 to $1
And there is a world in which it goes from $1 to $0.1 to be down another 90%
Just because something is down a lot doesn’t mean it’s necessarily a good buy, this is especially true in alt land
There is a lot of current discussion about the types of severe sanctions that the US would place on Russia in the event of invasion, but not as much about how Russia can hit back at the US and European economies in response 🧵