It has been more than a month since the collapse of the Terra Luna ecosystem which was an episode that sent shockwaves across the crypto world. As the dust settles and emotions are collected, I think the time is right for me to write about my participation in this seminal event on my blog. In fact, Terra Luna coin suffers the ignominy of being my first ever complete investment write-down since I started investing in 2014.

THE FATEFUL DAY

As one of the coins on my watchlist, I had set such a ridiculous price floor for Luna and never expected it to be breached. However, its descent was so rapid that it triggered a price alert on Gemini. Even though the plunge was precipitous on that day and started more than a week ago, I knew I had to be decisive because this asset class is known to rebound just as quickly. Therefore...