Did You Have Any Doubt About the Thesis?

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The coin was valued at $8 billion before the depec, but now it's worth less than a tenth of that. The price has dropped from about 98 cents to almost 80 cents in just one week. Amaury Nolasco: Did you ever have any doubt that maybe arthesis is wrong? He says being a contrarian can be really profitable for investors.

Last week, $60B in value was wiped from crypto in a few days.

Not many saw the collapse of Luna coming - even fewer had the guts to bet on it.

Since the start of the year, Galois Capital has been openly calling out for the impending fall of Luna and endured the barrage of hate comments until 8th May 2022 - the day that Luna started death spiraling. Kevin Zhou from Galois Capital shares with us:

Why he was convinced LUNA would implode
How he timed his short trade
The 4 high conviction trades Galois has taken
How Terra Luna can recover - and why its current plan doesn't work

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:02:20) – Kevin's Thoughts After Luna's Crash

(00:03:53) – Why Did Kevin Think Luna Would Collapse One Day

(00:08:23) – Feasibility of Algorithmic Stable-Coins

(00:16:44) – Shorting Luna or UST

(00:23:06) – Pulling The Trigger On The Short

(00:26:47) – Conviction On Bearish Luna Thesis and Past Plays

(00:34:10) – Black Swan Event or Long Time Coming

(00:40:47) – Thoughts on Terraform Lab's Proposals

(00:54:47) – Replacing Do Kwon To Save Luna

(00:56:31) – Projects That Could Also Death Spiral

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----------- More Resources ---------

Guest

Galois Capital's Twitter: https://twitter.com/Galois_Capital

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast is an educational podcast and newsletter for informational purposes only. The host invest in cryptoassets actively and may hold assets discussed in the newsletter or podcast. All content contained within this podcast is intended for educational purposes only and should not be construed as any form of financial advice. The Blockcrunch Podcast, its associates and affiliates are not liable for any decisions third parties choose to make.