Topic: Binance Suspend Terra LUNA Coins! (Read 420 times)

Quote from: ninis45 on May 14, 2022, 05:08:51 PM

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

less than 1 day, this suspension was canceled and binance re-listed luna with the luna-busd pair. this will only make many new people suffer losses because they hope that Luna recovers. Binance should be wiser in making decisions, maybe wait for the total supply of luna to decrease drastically before they restore luna trading on their platform.

viananda2525

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Quote from: batang_bitcoin on May 14, 2022, 03:48:08 PM

Trading is back and Binance seems to be enjoying all of the commissions that they get from the people that have been happy on this pump and dump of Luna. Well, even it pumps that hard, it's not going back to the price that it used to be.

Quote from: ninis45 on May 13, 2022, 05:08:27 PM

Quote from: batang_bitcoin on May 14, 2022, 03:48:08 PM

they will want to sell and get rid of it if they can,

I see many holders don't trust Luna anymore so most of them can't do anything..
want to throw it away can't with its worthless value and plus some exchanges have been suspended and I'm disappointed in myself for buying it

They're already at loss so why sell it at total loss if it has a lesser value now. They just have to hold it and wait if there's some good turn around that will happen if ever it recovers.

holding back is the only solution for those who get luna at a high price even though in reality the price is difficult to return unless the market occurs ATH in the future
now some markets have reopened luna trading with BUSD I hope this is a good start

new speculation has been made now , traders start speculatiing some money in order to gain huge profit while luna price recovery after they now DO kwon propose solution for this problem. maybe if sell our luna yesterday, we have no chance to see it recovery. maybe price would not go like the past but maybe if we buy it now it have chance to goes up.

kryptocanon

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The same Binance that suspend LUNA trading on its expoteneous platform has had it resumed after the founder publicly announced it on Twitter earlier today, within the space of under 30 hours. I think there's something huge about this LUNA to come but it's advisable just lay low, watch it for a while before investing on it again as the risk is extremely high now.

ninis45

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Trading is back and Binance seems to be enjoying all of the commissions that they get from the people that have been happy on this pump and dump of Luna. Well, even it pumps that hard, it's not going back to the price that it used to be.

Quote from: ninis45 on May 13, 2022, 05:08:27 PM

Quote from: batang_bitcoin on May 14, 2022, 03:48:08 PM

they will want to sell and get rid of it if they can,

I see many holders don't trust Luna anymore so most of them can't do anything..
want to throw it away can't with its worthless value and plus some exchanges have been suspended and I'm disappointed in myself for buying it

They're already at loss so why sell it at total loss if it has a lesser value now. They just have to hold it and wait if there's some good turn around that will happen if ever it recovers.

holding back is the only solution for those who get luna at a high price even though in reality the price is difficult to return unless the market occurs ATH in the future
now some markets have reopened luna trading with BUSD I hope this is a good start

Yamifoud

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They're already at loss so why sell it at total loss if it has a lesser value now. They just have to hold it and wait if there's some good turn around that will happen if ever it recovers.

That is certainly the best option for them to take now. Selling will just fuel it out to drop more, they instead hold it maybe the price will turn back high and trading become active as well. It is just a matter of how Terra Luna developers are giving up on their project now which is somewhat unfortunate and many holders and investors suffered great losses.

https://www.barrons.com/articles/binance-terra-luna-stablecoin-51652445887
It's been a great decision made by Binance, it is a need for the Terra Luna team to solve their issue first, or else they will gonna lose their place in Binance.

batang_bitcoin

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Trading is back and Binance seems to be enjoying all of the commissions that they get from the people that have been happy on this pump and dump of Luna. Well, even it pumps that hard, it's not going back to the price that it used to be.

Quote from: ninis45 on May 13, 2022, 05:08:27 PM

Quote from: aioc on May 12, 2022, 06:30:23 AM

they will want to sell and get rid of it if they can,

I see many holders don't trust Luna anymore so most of them can't do anything..
want to throw it away can't with its worthless value and plus some exchanges have been suspended and I'm disappointed in myself for buying it

They're already at loss so why sell it at total loss if it has a lesser value now. They just have to hold it and wait if there's some good turn around that will happen if ever it recovers.

SirLancelot

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I've checked their telegram group and there are a lot of discussions some still positive some giving up others still thinking to hold in the hope of resurgence, so many people lose their life savings it wipes their fortune overnight it's a discussion between temporary and permanent the next 48 hours is crucial right now the foundation is looking to save Luna so we'll see the market evaluation in the next few days.

I would say that you could literally give up right now because they are losing the battle. They are at around 99%+ lost right now and that should tell you what you need to know about the project. They printed something like 600 million luna to keep this fight right? That means the price would of course fall, there is no denying that and you shouldn't be shocked about it, if you print that much then there will be inflation.

This is why I emphasize putting your money into decentralized projects, if the team decided to print 600 million more and created inflation, then I could have very well kept my money in dollars, they do the same thing and much better as well.

jostorres

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Quote from: DanWalker on May 13, 2022, 04:50:07 PM

statistics Price Terra LUNA Coins

All-Time High = $119.18 ----- All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

Dang, that's a big dumping happens there. Now I know why many people are crying and dying right now, making this luna coin one of the hottest topic in the crypto sphere lately. For sure binance gave their customers an early warning before they finally suspend any transactions ongoing for this coin. People still have the chance to sell if they wanted to.

I know it is disappointing but I think others will do it. It's better to get something than nothing at all or before this coin completely turned into a scam. Was this the first time binance done a move like this? (suspending suspicious coins) because many scam coins before that they lists and I don't heard that they take any action with it.

pawanjain

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Nothing lasts forever

Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.

Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

As far as I know, restored trading for the luna coin is due to investors' desire to convert Luna to other assets so Binance decided to restore it.
Before that, terra announced that they give up luna to save ust and they increased luna supply to 700 billion luna making the price of this coin almost zero and now they claim to use the rest of LFG's funds to buy back Luna and burn them. Now be sober don't believe anything from scammers.

You are right. Even though Binance has started the trading pair for LUNA again it doesn't mean we should go and buy it.
Nobody in their right mindset will think to "invest" in LUNA again. The only people buying LUNA will be traders to gain short term profits.
LUNA is pretty much collapsed and any attempt to revive the coin will just be in vain because people have lost faith in it.

ninis45

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Quote from: tabas on May 13, 2022, 04:29:08 AM

they will want to sell and get rid of it if they can,

I see many holders don't trust Luna anymore so most of them can't do anything..
want to throw it away can't with its worthless value and plus some exchanges have been suspended and I'm disappointed in myself for buying it

justdimin

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Binance has completely suspended all the trading pairs for Luna. A few hours ago, they've remained Luna/BUSD but eventually, they've announced that it's also closed.
They're going to put it back once the network is working again. I see a lot of people are quick in buying of thousands to millions of Luna and hopefully, they didn't bought it just to lose.

At this point they may never list it back again. I mean all they care about is the volume, and not having any problems at all. This means that they could end up with listing it again when all is settled and there are no more problems and they can make some profit from the volume.

However, reality is that many people will not be able to trade it too much, they will want to sell and get rid of it if they can, but they will not be able to buy too much, they won't care for it. The printing of new Luna reached to an insane level and I doubt it will ever worth anything ever again, it's impossible to go from few hundred million to few hundred billion coins and stay the same.

DanWalker

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Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.

Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

As far as I know, restored trading for the luna coin is due to investors' desire to convert Luna to other assets so Binance decided to restore it.
Before that, terra announced that they give up luna to save ust and they increased luna supply to 700 billion luna making the price of this coin almost zero and now they claim to use the rest of LFG's funds to buy back Luna and burn them. Now be sober don't believe anything from scammers.

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Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.

Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

I am quite surprised when Binance once again announced Luna's trading resumed in the Spot market. after a few hours ago Binance announced about delisting pairs of Luna. Well, maybe within more considerations, finally Binance list trading pair for Luna again in their Spot market. They also open deposits and also withdrawals at the same time, 2022-05-13 at 14:00.
But, for the future market, it seems that Binance still delist Luna pairs.
https://www.binance.com/en/support/announcement/f0c1cc8fb6454d1aa253bd6aec52580c

BlackBaron

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Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

Will binance attempt to resume listing in Luna trading be a new step to restore the luna price, but it is too risky to follow because the pumped price movement pattern will be easily discarded after the whales take profits, but I will try to place an order at the lowest price with the allocation of funds minimum for unexpected profits in the next few years.

cdog

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Quote from: masterrex on May 13, 2022, 07:14:00 AM

Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.

Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

Maestro75

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Anyway, the Binance exchange move is a positive response to address any untoward incidents that waiting to happen if the Terra Luna problem will continue to get worse in the days to come so it is important to remain vigilant as always.

Binance is condemning Luna on Twitter because of what has happened to Luna and that shows how no one wants to help you out when you are in a mess. Binance should enable withdrawal for those who want to withdraw and then continue to suspend trading activities on its exchange if it likes. It does not concern me. Am suspecting Binance for quickly closing the withdrawal tab. What is Binance hiding. We know how exchanges can suspend or delist tokens but they always find a way of allowing withdrawal. Binance move is not a positive one.

pawanjain

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Quote from: 99Percent on May 12, 2022, 11:12:21 AM

I believe maybe bianance will delist LUNA because there is no hope anymore, many have been victimized by LUNA then maybe we should be more careful in choosing coins for investment

Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.

masterrex

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Quote from: asyakashi on May 13, 2022, 06:21:50 AM

statistics Price Terra LUNA Coins

All-Time High = $119.18 ----- All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

Yeah, but I guess the Terra Luna team has already announced that they have cooking something, and I hope this is good enough to save the project, Anyway, the Binance exchange move is a positive response to address any untoward incidents that waiting to happen if the Terra Luna problem will continue to get worse in the days to come so it is important to remain vigilant as always.

Maestro75

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I think Binance is harsh by its decision of suspending Luna trades and at the same time disabling withdrawals for it. That is not good. I do not know why Binance rushed to do that. Even if they want to suspend the token maybe because of low trade volume, that is no problem. It is their business to protect but they should allow traders have the ability to withdraw their Luna to private wallets or to any other exchange exchange they want. And not disable withdrawal.

alisonwonder

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what happened to LUNA is no longer the all-time low, but they are subtly headed for destruction. I think they have no way back, the team has no idea to restore the price, all the bitcoins used as collateral for UST were liquidated by them. The only thing we can do is leave these coins, we will only spend assets on these dead coins.

That there is no hope for Luna to return at a certain price because any attempt will not succeed in resurrecting the Luna project. That is true about your opinion, it is better to leave these coins because monitoring the coins will likely make someone to scalping because there is a certain recovery factor in the movement pattern.

Wildwest

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This project is indeed not what we have predicted, and I believe no one else believes in this project, a decline that is very painful for investors and I believe the biggest loss that has ever been experienced by some investors and no one expected this project to be suspended by binance and other exchanges also did the same because of its very low value at this time, May LUNA be a lesson for all of us in investing.

asyakashi

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what happened to LUNA is no longer the all-time low, but they are subtly headed for destruction. I think they have no way back, the team has no idea to restore the price, all the bitcoins used as collateral for UST were liquidated by them. The only thing we can do is leave these coins, we will only spend assets on these dead coins.

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Quote from: 99Percent on May 12, 2022, 11:12:21 AM

I believe maybe bianance will delist LUNA because there is no hope anymore, many have been victimized by LUNA then maybe we should be more careful in choosing coins for investment

This is an immediate action by Binance, I just wonder how about those who purchased the tokens to their exchange. Their withdrawal and deposits arent activated, is that considered a loss money? Cause for sure there is somewhere trading on other centralized market or dex trading luna.

rum19980

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Binance SCAMEERS arre INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platform at least if they did suspend the Deposit

kidbounty

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Binance should have done this sooner, maybe while the price is still around 3-5$. if it was done yesterday there might be a lot of people who
can survive this destruction. but the steps they took were very slow the price had fallen out of control to a terrifying extent. and everyone but futures traders suffer losses.

arifteguhr

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Quote from: BlackBaron on May 13, 2022, 04:54:48 AM

The effect of the delisting announcement from the Binance Exchange will have a major impact on Luna coins as binance has abandoned Luna trading due to the massive crash factor in the no-return price. I think Binance was late in announcing the delisting due to high losses from new investors who had bought at prices below $0.01.

I already suspected that binance would delist Luna coins as the price had dropped drastically, but I share the same view as you if Binance is still considering delisting at a price that is too low and Binance should implement new rules for delisting so as not to cause losses to new traders buying low prices .

BlackBaron

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Quote from: TravelMug on May 13, 2022, 04:31:13 AM

Yeah, and we all know how big Binance is, so it will have a drastic effect on other crypto exchanges and could follow their lead on the suspension of LUNA.

It went to almost 0 and that is the main reason why they halted the trading, otherwise there will be thousands of investors that are going to lose money here because of what happen to LUNA and their stable coins.

The effect of the delisting announcement from the Binance Exchange will have a major impact on Luna coins as binance has abandoned Luna trading due to the massive crash factor in the no-return price. I think Binance was late in announcing the delisting due to high losses from new investors who had bought at prices below $0.01.

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Quote from: TimeTeller on May 12, 2022, 04:02:13 PM

Quote from: kelonmusk on May 12, 2022, 01:06:21 PM

It's a shame that major exchange Binance has made such a quick decision to remove the LUNA coin from their platform. If in the next few days there is no change in the selling value, of course it could have an impact on other platforms/exchange as well. I don't know what Developer next plan is to tackle this problem. whatever it is, me wish LUNA the best, on the one hand I have also lost money because of this coin Undecided

Maybe, binance wants to get out of this mess before it becomes worst.
We don't know if there is still future for this algo-based stablecoin
It depends on the team behind this project if they want to rise up or let it continue to decline.
This is one of the many reasons why people are getting disappointed with crypto.
Getting rekt without a warning, thinking that they bought a valuable coin, but it is not.

At first I thought this project would also be valuable in the future that's why I invested a small part of my savings in LUNA coins. There's no doubt that investors out there have lost a lot of money compared to a fraction me mine.
and now most of the exchanges started to suspend LUNA coins.
I have just trying to withdraw the small of LUNA left on the FTX exchange which i frequently use as daly trading. no loopholes to withdraw/convert into fiat/coins available for LUNA pairs.
very bad! there is no doubt that sooner/slower this project will die.

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Quote from: Google+ on May 13, 2022, 04:25:46 AM

Quote from: wildan88 on May 13, 2022, 03:36:04 AM

I see that they started to suspend it as I cannot see the LUNA in Binance futures that's why I change my exchange site to Gate.io since until now they are offering LUNA in their futures trading, the coin really wreck a lot of lives it is around -99% it is like a rug pulled project.

As long as there is an exchange to trade it on, it would be better to sell it immediately even if it is a loss because if Binance as a large exchange has suspended LUNA, then other exchanges will also follow suit considering that so many people have been harmed by the current decline in LUNA.

Yeah, and we all know how big Binance is, so it will have a drastic effect on other crypto exchanges and could follow their lead on the suspension of LUNA.

It went to almost 0 and that is the main reason why they halted the trading, otherwise there will be thousands of investors that are going to lose money here because of what happen to LUNA and their stable coins.

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Quote from: goaldigger on May 12, 2022, 04:46:58 PM

Quote from: tabas on May 12, 2022, 04:41:58 PM

It's just on the futures but there's no hope on this coin IMO. People would play out this coin despite the trend going down and binance is wise enough to suspend and delist it on their futures trading.
I've seen people making $400k with just a single trade with a high leverage on it since it's a downtrend. They've tried to stop it too late and those who have made a lot on it will no longer trade on this coin.

Because it become too volatile and many are able to still make money, Binance made this decision for their own benefit since they can’t afford to pay for more leverage. If you still have LUNA on any wallet, better to analyze it again because for me it will be hard for LUNA to rise again, or no chance at all but still it’s your decision to make. LUNA has been gone crazy, manipulators are very aggressive, hope that you can still get your money and put it on a safer place or coin.

Well, right now, Binance has completely suspended all the trading pairs for Luna. A few hours ago, they've remained Luna/BUSD but eventually, they've announced that it's also closed.
They're going to put it back once the network is working again. I see a lot of people are quick in buying of thousands to millions of Luna and hopefully, they didn't bought it just to lose.

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Quote from: wildan88 on May 13, 2022, 03:36:04 AM

I see that they started to suspend it as I cannot see the LUNA in Binance futures that's why I change my exchange site to Gate.io since until now they are offering LUNA in their futures trading, the coin really wreck a lot of lives it is around -99% it is like a rug pulled project.

As long as there is an exchange to trade it on, it would be better to sell it immediately even if it is a loss because if Binance as a large exchange has suspended LUNA, then other exchanges will also follow suit considering that so many people have been harmed by the current decline in LUNA.

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Quote from: wildan88 on May 13, 2022, 03:36:04 AM

statistics Price Terra LUNA Coins

All-Time High = $119.18 ----- All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

It is best that we denied buying this coin last year , Me and a friend plans to invest in LUNA because of the potential , but we did not come to agreement if how long we will hold and how much we need to wait.
so in that we deny to buy because of miscommunications .

I see that they started to suspend it as I cannot see the LUNA in Binance futures that's why I change my exchange site to Gate.io since until now they are offering LUNA in their futures trading, the coin really wreck a lot of lives it is around -99% it is like a rug pulled project.

is this one of the reason for what is happening int he market now?

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I see that they started to suspend it as I cannot see the LUNA in Binance futures that's why I change my exchange site to Gate.io since until now they are offering LUNA in their futures trading, the coin really wreck a lot of lives it is around -99% it is like a rug pulled project.

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Trading resumes, fire sale /s

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Quote from: Fesatmas on May 12, 2022, 06:47:24 AM

Quote from: southerngentuk on May 12, 2022, 05:28:09 AM

Now that watching the play going on in this space puts me in a really difficult mood to say, perhaps the story of Luna in this space will become one of the stains in the history of market development. electronic money market. Perhaps now people will have to really accept losses with losses and be optimistic about future opportunities and be well prepared both intellectually and financially to be ready to have a good faith relationshiphappy, not sad.

I don't think about the current conditions at all, especially what happened to Luna today. Prices fell in a short time, to be honest this may be a very difficult experience to forget, And true to what you say maybe this incident will be a black stain in the world of cryptocurrency. In Luna's current situation hope would probably be meaningless.

I don't want to talk about this, but it's actually happening from what I've seen. Some people I know are slowly coming to an impasse and they're really thinking about death when they try to buy. more than Luna when it was falling out of control. I can't be of any help to them, when I have read some of the messages. They are no longer able or motivated to live with losses and debt. Maybe what happened in the last few days? Yesterday was a great lesson for us when we let money rule everything in life.

poodle63

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Becareful with the price of luna. This may be delisted from the spot as soon as possible no matter what price that already achieved by luna is. Binance has been surpending deposit and withdrawal and it will be erasing the contract. This indicated if binance interested to remove luna from its own exchange site. You must be careful with this. This may become the end for luna and thousands of people who have invested in luna. This is the worst thing that i have ever seen in crypto and in my life

Rengga Jati

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I thought that at first, the decrease of Luna price was only like other coin decreases, normal decreases. But, with, it seems like what happens to the shitcoin or shit tokens previously that have no future, only pump and dump, and now the coins may be dead.

But wait, I ma litle bit confused with your statement:

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

I read that Binance suspended the withdrawal process of Luna. The Suspension of Withdrawals is done on 2022-05-12
So, how can you withdraw Luna from Binance?
https://www.binance.com/en/support/announcement/1f86021e1f55483aa89649b3e6861153

escapefrom3dom

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Quote from: Sterbens on May 12, 2022, 05:24:34 PM

statistics Price Terra LUNA Coins

All-Time High = $119.18 ----- All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

binance ATL (at post time) == $0.00111

imo they should starting to burn LUNA → this will bring more buyers.

NicNacCoin

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Binance has tried hard to hold on to Luna Market. Various exchanges have suspended from the market long ago.But Binance has not yet suspended from the market but has decided to suspend.Luna will soon be vanished from the market and Luna will be suspended from various exchanges.

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win lambo...

Well, the sad thing is that Luna lost its price potential because of a lack of demand, market sustainability, trust issue, and investors' regret to put money into shitcoins like this project.

Not to wonder why this is going to happen. The project that doesn't have use-cased will certainly lose its value in the coming days, it was exactly as the bearish season come Luna's investors were quitting and selling them off.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Seeing the developments that happened to Luna was quite worrying. Investors have lost confidence and this means that there is no longer a good future for Luna and UST. Many Exchanges now have plans to remove both for the convenience of traders. Seeing the CoinMarketcap bleed for quite a while only USDC and BUSD have strong reserves to show how much they really can be trusted.

I always said usdc would be the only stablecoin to be trusted and because of that many scammers tried to cancel me.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Sterbens on May 12, 2022, 05:24:34 PM

Seeing the developments that happened to Luna was quite worrying. Investors have lost confidence and this means that there is no longer a good future for Luna and UST. Many Exchanges now have plans to remove both for the convenience of traders. Seeing the CoinMarketcap bleed for quite a while only USDC and BUSD have strong reserves to show how much they really can be trusted.

no one will have faith to Do Kwon and luna developers team anymore, this worst dump ever in this year and suffer alot investors which is hold due their believeness. investors now worrying about another stablecoin , and move to usdc or maybe fiat to make sure market will good in this weekend. maybe another nuke will coming again tommorow while stock market closed.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Seeing the developments that happened to Luna was quite worrying. Investors have lost confidence and this means that there is no longer a good future for Luna and UST. Many Exchanges now have plans to remove both for the convenience of traders. Seeing the CoinMarketcap bleed for quite a while only USDC and BUSD have strong reserves to show how much they really can be trusted.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: tabas on May 12, 2022, 04:41:58 PM

It's just on the futures but there's no hope on this coin IMO. People would play out this coin despite the trend going down and binance is wise enough to suspend and delist it on their futures trading.
I've seen people making $400k with just a single trade with a high leverage on it since it's a downtrend. They've tried to stop it too late and those who have made a lot on it will no longer trade on this coin.

Because it become too volatile and many are able to still make money, Binance made this decision for their own benefit since they can’t afford to pay for more leverage. If you still have LUNA on any wallet, better to analyze it again because for me it will be hard for LUNA to rise again, or no chance at all but still it’s your decision to make. LUNA has been gone crazy, manipulators are very aggressive, hope that you can still get your money and put it on a safer place or coin.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

It's just on the futures but there's no hope on this coin IMO. People would play out this coin despite the trend going down and binance is wise enough to suspend and delist it on their futures trading.
I've seen people making $400k with just a single trade with a high leverage on it since it's a downtrend. They've tried to stop it too late and those who have made a lot on it will no longer trade on this coin.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: kelonmusk on May 12, 2022, 01:06:21 PM

It's a shame that major exchange Binance has made such a quick decision to remove the LUNA coin from their platform. If in the next few days there is no change in the selling value, of course it could have an impact on other platforms/exchange as well. I don't know what Developer next plan is to tackle this problem. whatever it is, me wish LUNA the best, on the one hand I have also lost money because of this coin Undecided

Maybe, binance wants to get out of this mess before it becomes worst.
We don't know if there is still future for this algo-based stablecoin
It depends on the team behind this project if they want to rise up or let it continue to decline.
This is one of the many reasons why people are getting disappointed with crypto.
Getting rekt without a warning, thinking that they bought a valuable coin, but it is not.

evichi

jr. member

Activity: 1330

Merit: 7

This a big lesson for all crypto enthusiasts. Was this caused by the big investors "Whales" or is deliberate by LUNA? Where lies the trust in the crypto space? These are the questions crypto lovers have to ask. According to CNBC (https://www.cnbc.com/2022/05/10/bitcoin-btc-investors-panic-as-terrausd-ust-sinks-below-1-peg.html) UST is what’s known as an “algorithmic” stable coin. Part of the Terra blockchain project is meant to track the value of the dollar, like fellow stable coins tether and USDC. However, unlike with those cryptocurrencies, Terra doesn’t have cash and other assets held in a reserve to back its token. Instead, it uses a complex mix of code — alongside a sister token called luna — to stabilize prices. Perhaps, the algorithm failed. According to Outlookindia, "Whales" caused UST to loose value over USD.

Our crypto experts need to go back to the drawing board because this is a dent to crypto space.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://twitter.com/terra_money/status/1524812171179327488?
"The Terra blockchain has resumed block production.

Delegations are disabled now that the chain is live with the new code merge.

Validators, please check the Discord announcements for the latest patch notes."

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Long term luna is dead, short term scammers are profiting by pumping and dumping it, right now they will pump a lot then start the mass dump.

kelonmusk

member

Activity: 198

Merit: 10

COMBO Network ex COCOS-BCX

It's a shame that major exchange Binance has made such a quick decision to remove the LUNA coin from their platform. If in the next few days there is no change in the selling value, of course it could have an impact on other platforms/exchange as well. I don't know what Developer next plan is to tackle this problem. whatever it is, me wish LUNA the best, on the one hand I have also lost money because of this coin Undecided

Widdop37

member

Activity: 130

Merit: 11

It shouldn't have been Luna Embarrassed

I am not a investor but I watched this coin grows, beating myself a few times for not investing earlier, Luna making it to top 10 on coinmarketcap is a big achievement on its own, I dont understand why this people decide to ruin it all with UST stable coin.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://twitter.com/terra_money/status/1524785058296778752?t=D7TTzMy_8ASEQxd8MUAVIQ&s=19
"The Terra blockchain was officially halted at a block height of 7603700.

https://lcd.terra.dev/blocks/latest

Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack."

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Being trending everywhere about Luna, which dumped 99%, caused investors to be confused by this instant dump, I hope investors are still doing well.

With Binance's policy of suspending Luna, it will certainly be worse, it's like Dev throwing away all of their shitcoins but what happened to Luna is the reality, we witnessed Luna free fall without anyone blocking her.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Binance reacted that fast. Not common. If you are not profitable for them, they kick you out without any shade of guilt.
From $60 to $50 to $25 to $15 to $0.02. Ouch. My condolences to every investor of this coin if they are still sleeping right now or just didn't care about the market movements because they have faith this won't happen.
The volume is still high that means not many are selling it, I bet they are willing to wait or that's just the option they have.

99Percent

full member

Activity: 411

Merit: 101

🦜| Save Smart & Win 🦜

I believe maybe bianance will delist LUNA because there is no hope anymore, many have been victimized by LUNA then maybe we should be more careful in choosing coins for investment

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://terrasco.pe/mainnet/luna/supply
This is how a smart contract works. If the price of UST is less than 1 dollar, then UST can be exchanged for LUNA at a favorable rate. Therefore, the LUNA emission is increasing and will continue to grow indefinitely. Imagine the number of LUNA coins when several billion UST more are burned.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: pawanjain on May 12, 2022, 10:43:39 AM

LUNA is going down. It's at the verge of a collapse and I personally don't think there's any chance for this coin to revive itself.
The reason is because it has fallen from around $100 to an all time low of $0.008 which is more than 99% dump.
That's a point of no return for LUNA and UST. Terra foundation is pretty much collapsed. Game over for LUNA holders.

Scammers will likely pump it a lot now and then crash it to hehell later.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

LUNA is going down. It's at the verge of a collapse and I personally don't think there's any chance for this coin to revive itself.
The reason is because it has fallen from around $100 to an all time low of $0.008 which is more than 99% dump.
That's a point of no return for LUNA and UST. Terra foundation is pretty much collapsed. Game over for LUNA holders.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Cryptomarket is p2p, so as soon the people lose confidence like this then is gameover, buying it now will only make more losses.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://www.coindesk.com/business/2022/05/11/crypto-fund-arca-doubled-down-on-ust-amid-stablecoins-collapse/
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collaps
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.

osmosis UST Derisking Proposal
https://commonwealth.im/osmosis/discussion/4864-ust-derisking-proposalv

Saisher

full member

Activity: 2324

Merit: 175

Quote from: southerngentuk on May 12, 2022, 05:28:09 AM

statistics Price Terra LUNA Coins

All-Time High = $119.18 ----- All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

Well know in the next 48 hours if other exchanges will follow it is now 30 sats on Hotbit its very tempting to buy some as the team just announced that they are cooking something or creating a plan and will announce later, everybody is now watching Luna
and hoping for a positive announcement if there is, the biggest question is are the other Stable coins can suffer something like this.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Now that watching the play going on in this space puts me in a really difficult mood to say, perhaps the story of Luna in this space will become one of the stains in the history of market development. electronic money market. Perhaps now people will have to really accept losses with losses and be optimistic about future opportunities and be well prepared both intellectually and financially to be ready to have a good faith relationshiphappy, not sad.

I don't think about the current conditions at all, especially what happened to Luna today. Prices fell in a short time, to be honest this may be a very difficult experience to forget, And true to what you say maybe this incident will be a black stain in the world of cryptocurrency. In Luna's current situation hope would probably be meaningless.

aioc

hero member

Activity: 2926

Merit: 567

I've checked their telegram group and there are a lot of discussions some still positive some giving up others still thinking to hold in the hope of resurgence, so many people lose their life savings it wipes their fortune overnight it's a discussion between temporary and permanent the next 48 hours is crucial right now the foundation is looking to save Luna so we'll see the market evaluation in the next few days.

vv181

legendary

Activity: 1932

Merit: 1273