Are you going to keep some Terra Luna coins to keep as a keepsake?

Jatiluhung

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Quote from: mindrust on May 20, 2022, 01:31:17 PM

I ve read posts from people telling how they are going to hold their worthless LUNA coins as souvenirs. This is all bitconnect happening again. Personally, i think it don't make any sense to hold these shit anymore but these people deep inside dreaming of high LUNA prices so they cannot dump their crap. Deep inside they think LUNA will go above $10 or even $50 again which is of course complete bullshit and it is not going to happen.

it's like you said. I myself feel that way. like hoping for a miracle to come. but when you see the actions of the terra luna team, they prefer to make new coins rather than burn the old coin supply. This is very disappointing and I myself am starting to give up hope with this coin. although I keep it a few thousand. because even if I sell it, it's not worth it anymore. and I also want to save this to remind myself that even high-level altcoins can drop instantly.

mindrust

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I ve read posts from people telling how they are going to hold their worthless LUNA coins as souvenirs. This is all bitconnect happening again. Personally, i think it don't make any sense to hold these shit anymore but these people deep inside dreaming of high LUNA prices so they cannot dump their crap. Deep inside they think LUNA will go above $10 or even $50 again which is of course complete bullshit and it is not going to happen.

tvplus006

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Quote from: Jatiluhung on May 12, 2022, 09:44:54 PM

...from this answer I also think whether it is possible for many people to do the same thing. So I also ask you all, did you buy Terra Luna now to be used as a keepsake collection to remember the achievements and history of what happened to Terra Luna?

I don't think traders will specifically buy Luna for the collection. Most traders used the high volatility of this coin to get a profit, which has been observed in recent days. At the same time, there are still some investors who hope that the exchange rate of the coin will recover and, accordingly, they continue to hold.

Jatiluhung

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Do Kwon is currently going through a tough time. considering that it was reported that terra luna investors from South Korea would drag Do Kwon into legal action.

South Korea's Terra LUNA investors are estimated at 280 thousand people with a total ownership of 70 billion LUNA. So far, only about 5 people have reported through the LKB & Partners attorney's office.

This was written in the editorial (editorial) of the South Korean news agency, Yon Hap, Thursday (19/5/2022), based on records from the Financial Services Commission (FSC).

sourch : link

RussianEnglishTranslation

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Quote from: Jatiluhung on May 12, 2022, 09:44:54 PM

So many people have suffered losses in this incident that befell Terra Luna. there is even news that mentions people who suddenly went into shock and fainted because he had stored a large amount of terra luna. and he went on vacation for a few days without seeing the market. and after coming home he just checked the market and he was surprised to see his terra luna coins were worthless. He was shocked and rushed to the hospital. and many other stories. you can search on google.

but apart from that I myself am an enthusiastic person for the development of this terra luna. and did not expect this bad thing to happen.

but there is a unique incident from my friends in the real world, namely they buy terra luna coins in large quantities at the current price which is already almost worthless. and I asked my friend. What's the reason you bought Terra Luna? he my friend replied i want to keep it as a memento.

from this answer I also think whether it is possible for many people to do the same thing. So I also ask you all, did you buy Terra Luna now to be used as a keepsake collection to remember the achievements and history of what happened to Terra Luna?

I feel sure this incident will be a new history in the crypto world. like in 2018.

This is a joke right? The Luna contract will continue to print worthless coins to backstop a stablecoin that no one is using. That is, as long as there are still nodes and validators, which I don't think there are because most devs and part of the community already migrated to $CNDL and $BNB chains.

D ltr

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I think yes if it reaches the value 0 , but if the dev replaces it with a new token,
I will not wait long if the exchange rate has returned to the capital I spent, I will sell all my assets called LUNA because it is enough to make many people go crazy, especially new investors

Natalim

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Quote from: KennyR on May 20, 2022, 08:24:29 AM

Many coins have reached the market and has turned valueless, further got delisted from the exchanges. What has happened with Terra Luna is no different, only thing that makes the difference is the popularity and being on the top order as a much trusted asset with good growth. Terra Luna is highly progressing and in between the wrong mechanism used has made the entire network collapse. Even now there is hope and more South Korean people are into accumulating more Terra Luna.

It's actually unexpected, nobody is able to think this will end like that, with an abrupt decline together with the bear trend?
People had to love Luna and put this on their list, this project even see will last longer than ETH and BNB. As it was been listed on the top exchanges like Binance, of course, we can draw into conclusion that this was a great investment but too unfortunate how this end badly. I'm saying it END because I'd never see the light upon this project.

KennyR

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Many coins have reached the market and has turned valueless, further got delisted from the exchanges. What has happened with Terra Luna is no different, only thing that makes the difference is the popularity and being on the top order as a much trusted asset with good growth. Terra Luna is highly progressing and in between the wrong mechanism used has made the entire network collapse. Even now there is hope and more South Korean people are into accumulating more Terra Luna.

Farma

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Currently, I see quite a number of people on social media that I own buy LUNA at a low price, and start trading with it. I understand when they say that they will hold it for a long time in the hope that it will be worth it in the future. I even bought $10 at a very low price when someone said that "Buying $10 won't cost you any money in the long run". so I also bought it by preparing the worst risk of it. however, many people do the same thing because they see the achievements of this coin in the past, and some just follow the trend without knowing that LUNA has a very large supply. Well, I hope that when they buy LUNA, they are aware of the risks involved.

masterrex

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It's a gamble but at the current price, it was very tempting to buy and hold who knows if it will be returned to its previous status, Anyway everyone can speculate, so it's our personal choice, in fact, I was bought some of it and hold, but still, I was following the development status about the action of the Terra Luna team to rehabilitate the platform and hoping that it will succeed. to be honest it's just a minimal amount so if something happens I'll be the one to blame for my own actions.

so98nn

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I’m not sure how you got that thought, but LUNA is definitely done. There is nothing left in the LUNA’s economy. Almost 99% of liquidity is vanished and no one can guarantee the trust Back into that project. How could anyone trust it again? Peeps Money is vanished just like that in a week.

That’s the beauty of shitcoins, no one guarantees you it’s existence on the following day. On one fine day they are excellent in value, social buzz and what not but on the other worst day it’s like LUNA.

Jatiluhung

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Quote from: Silberman on May 19, 2022, 11:43:16 AM

This makes more sense than buying LUNA just to keep it there doing nothing in his wallet, and there are many people that are doing that and obtaining good profits, however you need to be careful, we know the market of cryptocurrencies can be extremely volatile and a coin that is going under such extreme circumstances has an even more extreme volatility, so if possible avoid the use of leverage as much as possible as we do not know how drastic the next drop LUNA could suffer will be.

exactly as you said. I myself have now taken profits and left LUNA trading. and I sent several thousand Lunas to my personal wallet which I will keep for collections such as the Terra Luna museum for the history he has recorded.
and i decided to stop trading on the spot terra luna because i saw the hype was over and it was already difficult to profit from short term trading there. and I also saw that my friend had left the terra luna trade now.

Silberman

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Quote from: Jatiluhung on May 15, 2022, 02:24:24 PM

I asked my friend again. and it turns out he has already sold 50% of his coins and left 50%.

it turns out that the reason he bought it was not just for a keepsake. but in a sense if this coin really has no value anymore then he will make it just a keepsake. but behind that it turns out that he has an assessment that there is no way this coin will end like that. considering it's a big project and devs can't just run away. so he sees little potential for the price to rise again. and sure enough it happened. And now, as we can see, Binance, which has already been delisted, has actually reopened its Luna/Busd trading spot. and followed by other exchanges such as BingX and others.

His joke to me about buying it as a souvenir turned out to be an indirect invitation to me. but this invitation means buying to be forgotten. ie if it becomes worthless then it doesn't matter because it's only for memories. and if it becomes valuable then it is luck.

This makes more sense than buying LUNA just to keep it there doing nothing in his wallet, and there are many people that are doing that and obtaining good profits, however you need to be careful, we know the market of cryptocurrencies can be extremely volatile and a coin that is going under such extreme circumstances has an even more extreme volatility, so if possible avoid the use of leverage as much as possible as we do not know how drastic the next drop LUNA could suffer will be.

TribalBob

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not to save but i buy for scalping. it is risky to save luna in large quantities, if you haven't made a profit
but if you want to follow the history of luna's destruction it's okay to have 10$ LUNA for now, who knows LUNA recover

keyscore44

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Quote from: Jatiluhung on May 12, 2022, 09:44:54 PM

I feel sure this incident will be a new history in the crypto world. like in 2018.

This type of situation has already happened in history. There used to be a lot more in past, but maybe they weren't that spectacular.
I don't think much will change in the cryptocurrency market, except that those who lost on this investment in the future were just more cautious.

Finestream

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Quote from: noorman0 on May 14, 2022, 10:57:55 AM

Quote from: Jatiluhung on May 13, 2022, 10:03:56 PM

-snip-

my friend told me that now his money in terra luna is around $3000USD from the original only $40USD. how lucky he is. Ah, I'm sorry I didn't buy it at that time. even though he invited me. I bought a little late. I just bought it as a collectible with $10USD after a bit of a rise and it's now $30USD.

The profit is quite large, usually the greed factor prevents your friend from realizing that profit. I see LUNA is still actively traded on several exchanges. I hope your friend don't want to wait long to sell everything before it's no longer available on any spot market.

Your friend must be very depressed by now, but before it will be too late, he should start selling some of those so he can still gain even a little amount, and maybe he can hold few of them for future profits if the coin will still recover. Good thing you are not one of those who have expected huge profits and then lost them all of a sudden. The situation is just the same from those of meme coins who became hyped all of a sudden and then drop their value all of a sudden, so maybe we should be more wise to invest next time and focus more on bitcoin.

batang_bitcoin

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Quote from: Jatiluhung on May 15, 2022, 02:24:24 PM

Quote from: batang_bitcoin on May 15, 2022, 10:55:00 AM

So what happened to your friend now? Considering that the market has been down already and Luna is also going down as well. The party seems to be not good and exciting anymore.
Ask your friend. There's really a reason on why he has bought it. No one will buy it for no reason, everyone has a reason why we're buying this and that.

I asked my friend again. and it turns out he has already sold 50% of his coins and left 50%.

it turns out that the reason he bought it was not just for a keepsake. but in a sense if this coin really has no value anymore then he will make it just a keepsake. but behind that it turns out that he has an assessment that there is no way this coin will end like that. considering it's a big project and devs can't just run away. so he sees little potential for the price to rise again. and sure enough it happened. And now, as we can see, Binance, which has already been delisted, has actually reopened its Luna/Busd trading spot. and followed by other exchanges such as BingX and others.

His joke to me about buying it as a souvenir turned out to be an indirect invitation to me. but this invitation means buying to be forgotten. ie if it becomes worthless then it doesn't matter because it's only for memories. and if it becomes valuable then it is luck.

Yeah, it's understood with the situation that when he has talked about it. He has already accepted that this project can really turn into nothing or go big with the remaining chance that it has.
Well, that's good for him as there's no feelings invested on it and he has to hold the remaining of it while he has sold the 50% of it, so it's like that he's made a huge profit from it as he bought. Well, the price now is currently down.

Jatiluhung

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Quote from: Marvelman on May 15, 2022, 04:40:31 PM

Unfortunately, many people will learn the hard way that there is no security in altcoins and that bitcoin is the only trustworthy coin in the long run. It’s important to keep in mind that there are some legitimate concerns and risks associated with altcoins, and what happened to Luna can happen to any altcoin. It is important to keep up to date on what altcoins are out there and the quality of their development. There is no need to jump on every altcoin just because it’s the new hotness.

yes you are absolutely right. everything has its own risks and we don't know which other altcoins will have the bad luck like Luna. So being careful and not putting all the money in one bag is the best.

Marvelman

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Unfortunately, many people will learn the hard way that there is no security in altcoins and that bitcoin is the only trustworthy coin in the long run. It’s important to keep in mind that there are some legitimate concerns and risks associated with altcoins, and what happened to Luna can happen to any altcoin. It is important to keep up to date on what altcoins are out there and the quality of their development. There is no need to jump on every altcoin just because it’s the new hotness.

macson

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Terra Luna is a scam token and it's evident from what happened to its very drastic price change. there is also one of my friends who suffered a very big loss because of LUNA. for those who have already benefited from LUNA, immediately sell your tokens because LUNA's reputation has been damaged.

Topic: Are you going to keep some Terra Luna coins to keep as a keepsake? (Read 294 times)