Cryptocurrency
UST de-pegging and LUNA crash… what I think about it
By Value Warrior  •  May 16, 2022
For those of you who are not aware of this huge event in the crypto world, you can take a look at a pretty good summary provided by KelvinlearnsInvesting below. At the time of writing, UST is trading at USD$0.15 more than 85% off peg and LUNA is trading at USD$0.00025 down from around USD$80 a few weeks ago… Personally, I do hold some position in UST in the anchor protocol and the de-pegging does impact my crypto portfolio quite a bit. Being in the crypto world, I am mentally prepared for something like that to happen. Although it does pain me to see the value of something that supposed to be "stable" collapse more than my Altcoin position, I am not losing my sleep over it. I'm Just checking my CPF account and using my CPF...
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By Value Warrior
A regular working Joe starting out his value investing journey. I started my investment journey late at the age of 34. Looking back i wish i had started earlier so that power of compounding can work its magic. Nevertheless a good time to start investing is always NOW!!! So here i am having started this journey, i planned to reach Financial independence at age 65. Wish me luck.
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