It was hard when all this happened, this is a lesson for all of us, especially for me who does invest in cryptocurrencies. There is always a risk that is even fairly high, we don't know when something bad will happen to us. As experienced by the Luna holders we see today. It's really tiring days if we look at the market today.
The whole market is down but its a worst result to LUNA which whales are getting out of this project that resulted to this big crash. Though LUNA team is still trying to revive this project and make this as a great coin again but for me it will be hard to recover after losing almost everything, but or course if there’s still a solution then why not try it. LUNA can recover in time but don’t expect because this can be a trap for you. 
Topic: 8 Suicides Have Been Confirmed Because of the $Luna Crash. Why did Luna crash? (Read 301 times)
May 15, 2022, 03:58:18 PM
May 15, 2022, 12:58:00 PM
It was hard when all this happened, this is a lesson for all of us, especially for me who does invest in cryptocurrencies. There is always a risk that is even fairly high, we don't know when something bad will happen to us. As experienced by the Luna holders we see today. It's really tiring days if we look at the market today.
May 15, 2022, 11:39:47 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
The key is clear: don't put all your eggs in one basket. Diversifying your portofolio is the main key to avoid similar crashes because at worst cases, your favorite cryptos won't crash simultaneously.I don't see any mention to those 8 Suicides you said have been confirmed because of the Luna crash. From where you got this news?
May 15, 2022, 11:20:39 AM
Sad to hear that. People did not do any due dilligence and got rekt. This bear market is all about picking the winners of upcoming bull market and be selective with your investments. One of my picks as an example is https://plcultima.com
If you don't buy $PLCU you literally hate money The old fashioned PoW coin with mining. No insiders dumping. It is ready to fly to #Cosmos @PLCU_OFFICIAL
https://www.coingecko.com/en/coins/plc-ultima
If you don't buy $PLCU you literally hate money The old fashioned PoW coin with mining. No insiders dumping. It is ready to fly to #Cosmos @PLCU_OFFICIAL
https://www.coingecko.com/en/coins/plc-ultima
May 15, 2022, 11:17:46 AM
It's heartbreaking to hear that there were lives that ended because of a certain coin. We should take this news as a lesson to just invest what we can only afford to lose and never to put all our eggs in one basket. Some people have risked their life savings and even borrowed huge money just to invest with Luna which was a wrong move. However, it already happened but for those who are hopeless about their losses, ending our lives isn't the answer because good things still come.
May 15, 2022, 09:51:48 AM
I can not be sure of how many people that choose to take their lives because of Luna crash, OP didn't get the link. But suicide has been all around and some people feel comfortable to take their own life because of failure in investment. Cryptocurrency investment obviously is a fluctuating asset and so we have to invest in it as a risk that we have taken for good or bad. Moreover bitcoin is also crashing and investors are losing money too. The whales are constantly manipulating the market and who knows the next coin to get the hit.
May 14, 2022, 05:52:06 PM
Use google and don't be lazy to search article.
Even you are searching "Why Luna Crash", you will get a few article how the algorithm work between LUNA & UST. Feels bad for the 8 people who are suicide, just one of learn we can take for this. Never use financial money to invest and always use free money.
But, off course can't really expect this crash "LUNA". Since the coins are being listed on MAJOR exchange, this "LUNA" crash reminds me of a mortgage crash in America while no body knows the loop for that case until it's happening.
Suicidal happens for those who have put too much expectations on a single coin and invest their hard earned money on that. Now, everything end up in a mess, that made them decide to end their lives too. That's too unfortunate for them that they took their lives because of money. Although nobody's expecting that Luna will also end up like any meme coin, but maybe that's the reality when we come to invest in cyptos other than bitcoin.Even you are searching "Why Luna Crash", you will get a few article how the algorithm work between LUNA & UST. Feels bad for the 8 people who are suicide, just one of learn we can take for this. Never use financial money to invest and always use free money.
But, off course can't really expect this crash "LUNA". Since the coins are being listed on MAJOR exchange, this "LUNA" crash reminds me of a mortgage crash in America while no body knows the loop for that case until it's happening.
May 14, 2022, 05:46:12 PM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
I am not sure whether your headline is a fact or just used to attract users into your topic. It is really unfortunate that people does not read the white paper before jumping into the space and once that false narrative is gone the market went down crashing. Whom to be blamed here, i would blame the investors for going after salesman that offers a good profit rather than taking the time to read the technology they are offering. May 14, 2022, 02:45:33 PM
It's sad to see that according to the latest news and the amounts if people are giving up with their lifes have been increasing a lot since the dump of luna. I know that if they were loosing bunch of money. They can't even cutloss or something else. They must have accepted the fact that if their investment gone to the zero investment and they got nothing from their investment. They can't even cutlose to save small amounts for their life but this is very bad.
I know just plenty just in my nation that doesn't appear in this topic. You have to understand that there are too many people in the world that end up investing based on what they think will happen and they think it "will" happen. When you think that you are profiting and you will profit, and you are so certain about it, you end up putting money in there that you shouldn't.I have seen plenty of accountants who put money that didn't even belong to them, because they thought "oh they gave me 100 to do this, if I put this 100 in, make it 200, then I will use the 100 to pay on behalf of them and keep the other 100" and lost all of it, and committed suicide instead of going to jail. Makes no sense, but this is what happens frequently.
May 14, 2022, 02:40:55 PM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
First, never invest in something you can't afford to lose. Investors should never rely on a project because there is a fear of losing everything if the project collapses for any reason. So the coin should be invested by dividing the funds in the project. Life is a precious thing. By committing suicide, they have decided to be like cowards. Profit Loss is a part of the business, there were losses here and it was possible to recover those losses from any other project in the future. Suicide can never be a solution. Luna has taught us a lot which has also given birth to heartbreaking incidents like many suicides.
May 14, 2022, 02:15:39 PM
It's sad to see that according to the latest news and the amounts if people are giving up with their lifes have been increasing a lot since the dump of luna. I know that if they were loosing bunch of money. They can't even cutloss or something else. They must have accepted the fact that if their investment gone to the zero investment and they got nothing from their investment. They can't even cutlose to save small amounts for their life but this is very bad.
This is why exchanges like binance are now suspending any transactions related to luna. This needs to be stopped now because there are still people that take advantage of its dip and they can bet all what they got as they still think that this coin is legit and can shock the whole world later on. They are lucky if that's going to happen but what if not?The cases of people that will suicide are going to increase but I only feel bad to those who suicide because of this. They lose a lot but money isn't everything and as long as we are a live, there is always a chance for recovery and for improvements. If someone invests and accepts the result then I think that's fine but they maybe invest only a little or the amount that they can only afford to lose.
May 14, 2022, 05:33:21 AM
Use google and don't be lazy to search article.
Did I miss who that was directed to? As it stands, your scolding of...whoever...seems to be a total non sequitur. And what article??Never use financial money to invest and always use free money.
What does that even mean?People commit suicide every day, all over the world. How much thought do any of you give to any of them? None. So unless you happen to personally know someone who killed themselves because of this Luna/UST debacle, don't pretend you do. And let's say you do know one of those alleged suicides: do you think anybody here really cares? My point is that this discussion is simply inflammatory BS at best, and it's the type of crap that causes regulators to wake up and start scrutinizing all the assholes involved.
May 14, 2022, 04:35:15 AM
It's crazy, I've even only twice known the case of coin tokens can be up to zero price. Luna became a history that cannot be forgotten. This is a warning for all crypto actors, especially traders. Traders should understand that crypto risk is crazy. Asset management, using free funds will make us calmer in trading. Suicide will make the image of crypto becomes bad. I am afraid that regulations will get tighter, and complicate the development of crypto.
May 13, 2022, 11:58:00 PM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
Sad that we need to see these incidents and hoping that people will learn a lesson that your life savings doesn't depend on one single asset or investment. The number is too alarming and hope Do Kwon and the Terra Luna team do pay for this or be at least responsible of what had happened. May 13, 2022, 10:08:38 PM
This news went viral yesterday but Is this real? Proofs? or just to add another FUD to LUNA, many share their unfortunate stories on reddit and twitter some says they lost their life savings its real but the suicide incidents seems fake. I hope many investors learned a lesson from this as this is always a disclaimer when investing in crypto "Cryptocurrency trading involves high risk". Its your own decision to invest and no one force you to do this.
This is base on the social media post of there friends and relatives of the victim. What kind of proof you want to know? Video proof/Picture? Either way if the number is real or fake, We can't deny the fact that many users loss there life savings during this catastrophe since billion dollar marketcap has been wipe out on Luna market cap since the attack occur. I don't think this topic should be discussed since this is a serious discussion matter.
May 13, 2022, 10:04:19 PM
This news went viral yesterday but Is this real? Proofs? or just to add another FUD to LUNA, many share their unfortunate stories on reddit and twitter some says they lost their life savings its real but the suicide incidents seems fake. I hope many investors learned a lesson from this as this is always a disclaimer when investing in crypto "Cryptocurrency trading involves high risk". Its your own decision to invest and no one force you to do this.
May 13, 2022, 09:01:48 PM
Actually, before investing, we should really calculate how much money we want to use so that if something like that happened with Luna, we wouldn't suffer too big a loss.
Most people will go all-in in investing and they often choose newly released projects when they know bitcoin is the best to invest in.
In addition, the greed factor always follows the people who invest and they do not analyze whether the project can last for a long time or will disappear shortly.
If you can calculate how much is suitable to invest, you will not spend all your savings because you will definitely prepare everything for your life.
Most people will go all-in in investing and they often choose newly released projects when they know bitcoin is the best to invest in.
In addition, the greed factor always follows the people who invest and they do not analyze whether the project can last for a long time or will disappear shortly.
If you can calculate how much is suitable to invest, you will not spend all your savings because you will definitely prepare everything for your life.
May 13, 2022, 07:27:51 PM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
First of all we always said that use only these amounts in crypto which is extra from your daily needs and you can afford 100% lose here. People who committed suicide did not read rules of Crypto which cause them to do so.My portfolio strategy is diversify and don't put more than 5% in any token. This is safest way to get profit from crypto. If any project failed or hacked then you have other token to recover.
May 13, 2022, 02:51:18 PM
What happened with Luna and UST were terrible because no one saw that coming or do some people have been warning of something like that happening but we all choose to ignore it be that as it may be we also always invest the amount of money that we can afford to let go and this kind of thing shouldn't have happened had they not invested their life savings
Yeah, it's horrific. Within a week, a lot of life savings were gone because of this luna and ust crash. Do Kwon is the mastermind of this and it seems that they're moving slowly as if that this is just a normal thing. I think those warnings have started when LFG have been buying bitcoin continuously. It's like a scheme and good at the start but just like any other ponzi, they've ended up with almost no money left anymore for its own economy since they might have pocketed majority of its money.
May 13, 2022, 02:37:25 PM
What happened with Luna and UST were terrible because no one saw that coming or do some people have been warning of something like that happening but we all choose to ignore it be that as it may be we also always invest the amount of money that we can afford to let go and this kind of thing shouldn't have happened had they not invested their life savings
Would really be that dumb for you to go all in when it comes to crypto investment on which you do make use of your life savings on going all in just because you had been hyped or boosted up which is really a very bad idea i would say because once these investments drops down then you would really make yourself to be fucked up and this is something that people should be aware of.
Invest on what you can afford to lose and dont go into a certain extent on which you do really make use of funds which are intending for other priorities.
May 13, 2022, 01:54:59 PM
What happened with Luna and UST were terrible because no one saw that coming or do some people have been warning of something like that happening but we all choose to ignore it be that as it may be we also always invest the amount of money that we can afford to let go and this kind of thing shouldn't have happened had they not invested their life savings
May 13, 2022, 10:30:18 AM
It's true that the Luna crash has made lot of negative impact to the community especially when they put their life saving is relying on this Luna because of the huge dump where it dumped to almost zero. People are stressed about it which does makes sense but did suicide is already a stupid move where in cryptocurrency stuff like this most likely would repeat in the future.
May 13, 2022, 10:14:23 AM
That incidents are alarming, this is the result if you put everything on a one coin even if its called stable coin, now that this incidents happen we should all learn from this. LUNA crashed because of too much manipulation and I know there can be an inside job here and hopefully, those who push LUNA that much will be punished. If you feel alone, or broke better to start seeking for some legal advises.
May 13, 2022, 10:09:34 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
for me the luna problem is very different and very rare. it's not about trust, but there is a gap in their ecosystem. and that's the thing that ruined this project. the problem started because UST is not backed by USD, terra uses luna and bitcoin coins for the underlying. which is a fatal thing because it is very unstable. but one thing we can get right now is, there is no stablecoin that is really stable in the crypto market.
So this is a lesson for us going forward to be even more careful in investing, don't be easily lulled by big profits.
If you remember, it's very sad that the price is so expensive now that the coin is actually being removed from the market.
May 13, 2022, 06:39:50 AM
It's sad to see that according to the latest news and the amounts if people are giving up with their lifes have been increasing a lot since the dump of luna. I know that if they were loosing bunch of money. They can't even cutloss or something else. They must have accepted the fact that if their investment gone to the zero investment and they got nothing from their investment. They can't even cutlose to save small amounts for their life but this is very bad.
May 13, 2022, 06:17:13 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
for me the luna problem is very different and very rare. it's not about trust, but there is a gap in their ecosystem. and that's the thing that ruined this project. the problem started because UST is not backed by USD, terra uses luna and bitcoin coins for the underlying. which is a fatal thing because it is very unstable. but one thing we can get right now is, there is no stablecoin that is really stable in the crypto market.
May 13, 2022, 04:56:59 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
The popular advise about investing what we can afford to lose.This is how it goes. Because if you do invest everything that you can in a very volatile market, you'll definitely going to be upset when you see all of it go down.
That's why as you invest, make sure that you only put what you're okay to lose. And do not worry, if you invest to bitcoin and ethereum, they'll eventually recover. But to the coins like Luna and UST, we'll never know if they'll recover or not.
Always be vocal with what you feel to your family so that they'll guide you and that money can still be worked on to recover.
May 13, 2022, 04:42:28 AM
I feel very sorry for those who had to commit suicide because of the fall of LUNA. This is not true and suicide is not the way to solve the problem, but it will only add to the problem. However, everyone's mentality is different, so here we must learn that never invest all your money in the same basket and make sure to leave an emergency fund.
May 13, 2022, 04:14:45 AM
Those dumb people have known the consequence by investing in the garbage token like luna. They have agreed with what they have bought before and so if they are seeing their money have gone forever and they can't do anything to save it. They have known so well about the risk. So that's their fault. I have not seen it as something wrong. Investing in the bitcoin and ethereum are the best but they refuse it and put their money into the scam token like luna
They have been stuck in very high risk investments because the impact of Luna rise was very drastic since last year, I think that people should know if investing other than Bitcoin there is always a risk lurking in high losses, so beware of putting money on coins that are not potential . 
May 13, 2022, 03:53:13 AM
Those dumb people have known the consequence by investing in the garbage token like luna. They have agreed with what they have bought before and so if they are seeing their money have gone forever and they can't do anything to save it. They have known so well about the risk. So that's their fault. I have not seen it as something wrong. Investing in the bitcoin and ethereum are the best but they refuse it and put their money into the scam token like luna
May 13, 2022, 03:41:10 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
Cases related to financial investment leading to bankruptcy in the past have also happened a lot, and now this is happening again. I too have had very difficult periods in my life, but never have I wanted it to just stop at such negative things. Life has so many lessons that we need to overcome, and death never comes. There is a good solution to help life. When the results lead to such a loss, then think about what you have learned before and sometimes talking about life's destiny is an answer that is probably not a good way to look at it. In every person's life, money is really important, but you should consider it as a tool to develop yourself. Don't make it an ideal of life so that the influence makes those who cannot control it stop the journey of your life. I don't want these things to continue, but maybe they will still choose the end. If you see this, share it. Remember that life out there is still a lot of hungry people every day. They don't have enough food. We still have to be optimistic to continue because this life is really precious. We can create those things. Don't let it control us. May 13, 2022, 03:18:50 AM
But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
people always going crazy when they saw market is on dip and they're really panicking to all in without knowing that sometimes the situation of the market is not always the same because of some factors and this situation is a big example tbh, that we need to be wise and be smart before making decisions. Hope this will become a lesson to all of us.
May 12, 2022, 11:43:38 PM
-snip-
Good points ~XD.The pegged currency is the problem since is about stable-coin, this is also makes people worried about other stable coins. So with this issue, did people are gonna believe in the "Stable" coin? I think this is gonna be trust issue for a lot people.
#Let's make decentralized crypto great again ~XD.
May 12, 2022, 11:15:25 PM
The reason why people are devasted is because it wasn't their investments like Bitcoin or Ethereum that lost value, it was the stablecoin. The stablecoin should of been pegged properly to the US dollar and this shouldn't have happened.
The issuance rate couldn't keep upwith keeping the peg at 1:1 and seems that both the UST and LUNA pairs are getting removed from most exchanges as we speak. Basically its like $40B gone in a week or two. This was much worse than the Bitconnect scam back in 2018.
People are mad because Do Kwon made it seems like keeping it backed by BTC would make it more secure and decentrazlied than tether and people kept their life savings in it.
The issuance rate couldn't keep upwith keeping the peg at 1:1 and seems that both the UST and LUNA pairs are getting removed from most exchanges as we speak. Basically its like $40B gone in a week or two. This was much worse than the Bitconnect scam back in 2018.
People are mad because Do Kwon made it seems like keeping it backed by BTC would make it more secure and decentrazlied than tether and people kept their life savings in it.
May 12, 2022, 09:55:13 PM
It’s cowardly move ,if the news shared by you will be real.It’s essential one for investors to get some tour.Because it was the sad one for the people who invested their real money.Most of people had trusted the Luna very much.But the Luna had take this in the wrong way and stolen the investors funds and flyaway by scam people.
A perfect Ponzi scheme designed in the name of a stable coin to attract investors. A pain in the crypto market that we will never be able to erase. I hope Do Kwon is prosecuted and paid for this. After this incident, the government will have more reasons to tighten the cryptocurrency, even more countries continue to issue bans on cryptocurrencies.
Sad days of the crypto market.
May 12, 2022, 04:43:19 PM
Use google and don't be lazy to search article.
Even you are searching "Why Luna Crash", you will get a few article how the algorithm work between LUNA & UST. Feels bad for the 8 people who are suicide, just one of learn we can take for this. Never use financial money to invest and always use free money.
But, off course can't really expect this crash "LUNA". Since the coins are being listed on MAJOR exchange, this "LUNA" crash reminds me of a mortgage crash in America while no body knows the loop for that case until it's happening.
Even you are searching "Why Luna Crash", you will get a few article how the algorithm work between LUNA & UST. Feels bad for the 8 people who are suicide, just one of learn we can take for this. Never use financial money to invest and always use free money.
But, off course can't really expect this crash "LUNA". Since the coins are being listed on MAJOR exchange, this "LUNA" crash reminds me of a mortgage crash in America while no body knows the loop for that case until it's happening.
May 12, 2022, 03:49:46 PM
It’s cowardly move ,if the news shared by you will be real.It’s essential one for investors to get some tour.Because it was the sad one for the people who invested their real money.Most of people had trusted the Luna very much.But the Luna had take this in the wrong way and stolen the investors funds and flyaway by scam people.
May 12, 2022, 02:44:18 PM
Some whales realized that after a certain threshold, Luna could do nothing to stop people from crashing it. I do not remember the exact amount but it was something like 350 million dollars if I am not wrong. So if you spent over that amount, then you could crash Luna and basically UST. This would force Luna team to sell all their holdings to keep UST high, which means selling that much bitcoin.
So, if you did that AND shorted bitcoin at the same time, it was basically guaranteed to make a profit. This is what whales did, and Luna team tried to defend and that is exactly what whales wanted them to do, and we never really recovered from there.
So, if you did that AND shorted bitcoin at the same time, it was basically guaranteed to make a profit. This is what whales did, and Luna team tried to defend and that is exactly what whales wanted them to do, and we never really recovered from there.
May 12, 2022, 09:17:05 AM
As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?
Jump to: