LUNA Rises From the Grave

(4-minute read) LUNA crashed 99.99% earlier this month. But the team behind the LUNA protocol decided not to give up.

LUNA Rises From the Grave By Ian King Editor, Strategic Fortunes Dear Winning Investor, I had just landed in Nicaragua for my annual surf retreat when the email from my broker hit my inbox. The year was 2013. “IMPORTANT UPDATE” was the subject line.  When I clicked, I knew what to expect. Still, it surprised me to see it in writing.  It was the one phrase every investor dreads: “Fisker Automotive is filing for bankruptcy tomorrow.” This was the worst trade of my life.  I was an early investor in the electric vehicle (EV) startup. My thesis in 2010 was that the world was tired of fighting wars over oil. So the EV revolution was right around the corner. I also saw that the cost of producing lithium-ion batteries was expected to drop sharply.  Falling prices of semiconductors ignited a computer revolution. In the same way, falling battery prices would change the way we get around. I believed back then that it would someday be cheaper to produce an EV than a gas guzzler.    And after test-driving a Tesla Roadster, the quiet torque felt like an otherworldly driving experience. But I was a decade too early. And I picked the wrong horse.  When Fisker filed for bankruptcy, shareholders like myself were completely wiped out. Some debt holders received pennies on the dollar when a Chinese company bought them out. I didn’t get anything. Not even a commemorative coffee mug or T-shirt.  It was a costly mistake and an expensive lesson. Bankruptcy is an inevitable part of the capital markets.  When a company is unable to pay its debts, it either restructures, gets bought out or ceases to exist. For investors, it’s usually the end of the road.  That’s the capitalist system.  But cryptocurrency is shaking up the old system.  It’s reinventing capital formation in ways that weren’t possible before the invention of the internet. And we’re witnessing how this system is changing in real time.   Don't Trade This Crypto … Own It The man whose crypto recommendations have soared as high as 1,061% ... 1,934% ... and 18,325% (in less than a year) is now stepping forward with his biggest prediction yet. Details here. From open till noon Eastern time. MicroStrategy Inc. (Nasdaq: MSTR), which provides enterprise analytics software and services worldwide, is up 22% today. Read more here… Galaxy Digital Holdings Ltd. (OTC: BRPHF) operates in the digital asset, cryptocurrency and blockchain technology industry. The stock gained 19% this morning. Here’s why… Mercari Inc. (OTC: MCARY) is a Japanese e-commerce company that is up 19% today. Click here for details… Ignore the Media — the Housing Market Isn't Crashing "It's the End of the Dow" Next-Gen Tech Killed Payphones — Here's What's Next Retirement Help Is on the Way     Privacy Policy Winning Investor Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Winning Investor Daily emails, click here. To ensure that you receive future issues of Winning Investor Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2022 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)