could TERRA LUNA classic ($LUNC) go back to $1 dollar? - page 2.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: Republikcoin.com on May 28, 2022, 10:37:48 PM

Quote from: Lubcub62 on May 26, 2022, 08:04:12 PM

You are right. Even now, Luna's Binance Trade is not being held again. deposits and withdrawals were again suspended. this happened after Core Developer Terra got approval to burn 1.3 billion UST from its community pool after voting.

There is no new, bigger hope for LUNA because with what happened to LUNA during the dump, it has made things worse for LUNA and investors and traders are very sorry for having bought LUNA in the past before the dump occurred. And now the development team is starting to work on making improvements so that there is new hope for LUNA, this is something that will be very difficult for LUNA to get.

LUNA has ruined the lives of lots of its investors so I don't think it could regain their trust again or even attract more investors because of what happened. It already has a bad reputation and it will only be a big risk to invest in it again since it couldn't stand firm as a coin. I don't think it could recover again or even reach $1. Its damage to investors affects its trust rate negatively.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: CreepyUncleJoe on May 28, 2022, 09:36:27 PM

There is somebody still "investing" in "new Luna" after recent events?

Yeah, bet it.
With the fork that has currently been trading some exchanges, there goes those folks that have been riding the hype and FOMOing with it. The new Luna was launched and priced in before trading happens @ $17 and now it's down to $5. That's how quick it goes as it's being launched.
Well, it's just a day and we don't know how low or high it can go. But before anything else, I won't invest on it anymore and even there's a plan of recovery or what they call it, I don't trust it anymore.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Lubcub62 on May 26, 2022, 08:04:12 PM

You are right. Even now, Luna's Binance Trade is not being held again. deposits and withdrawals were again suspended. this happened after Core Developer Terra got approval to burn 1.3 billion UST from its community pool after voting.

There is no new, bigger hope for LUNA because with what happened to LUNA during the dump, it has made things worse for LUNA and investors and traders are very sorry for having bought LUNA in the past before the dump occurred. And now the development team is starting to work on making improvements so that there is new hope for LUNA, this is something that will be very difficult for LUNA to get.

CreepyUncleJoe

jr. member

Activity: 34

Merit: 18

There is somebody still "investing" in "new Luna" after recent events?

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: Jose Mourinho on May 21, 2022, 01:13:21 PM

after what happened today where the price of terra luna fell too deep, the decline almost reached 100% I think it is very unlikely that the price of LUNA can return to $1,

The new luna worth around $5 for now. This is also very far from what speculated by mostly of new luna holders. I meant the old olders who airdropped by new luna have been getting small amounts of their investment and some are even getting vested for 2 years.
This is if the price can be dumped even more. The new luna was also so garbage as fuck. The developers are so garbage. The funds were gone. People got nothing.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: 2tang on May 21, 2022, 12:54:30 AM

Quote from: Lubcub62 on May 20, 2022, 09:30:43 PM

I did see it a few days ago. but usdt has much longer experience than UST so I don't think USDT will collapse at this time like UST. so the worries of USDT users have now subsided. even USDT has been in crisis a few times and has even been hacked in the past. but they always get through tough times. and get back up. Armed with this experience, I think for now there is nothing to worry about USDT. even though I still saw the USDT sell-off increased yesterday and many have switched to BUSD. but now it looks stable and balanced again.

USDT is always stable and balanced in every condition even when it is in trouble, and from that everyone can also conclude that USDT is a stable token that already has a very strong foundation so that it can always be stable in all conditions and will not experience anything like that experienced by UST at this time.

the main reason that caused UST to collapse is simply the fact that UST has its nature of being algorithmic instead of USDT that are conventionally pegged with dollar 1:1.
UST reserved its value with dynamic investment instrument like bitcoin that could have bearish market alone is already such a big mistake, the market eventually gonna have correction and if some big correction happens the fall of UST can't be avoided.
Instead, USDT just gonna be fine because its just better from its underlying system.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: Strongkored on May 26, 2022, 10:40:36 PM

~snip~
Moreover, the scammers have taken this opportunity by creating a new LUNA token 2.0 https://cryptopotato.com/scam-luna-2-0-tokens-are-already-running-wild/
and this will make it even more difficult for the LUNA team to re-raise this token, the right words are the game is over.

It's bad you have to be careful. Many bad guys took advantage of the moment of panic. You have to be more vigilant. Of course, all investments are very risky and sometimes we have to do it. But hoping Luna gets back to 1$ is like a dream. This is because Luna seems to be giving birth to a new Luna through the HF proposal, so as long as Luna's circulation gets bigger it will reduce its value. Luna's HF team has received approval from several companies so it is likely that the old Luna will be uploaded because of her algorithmic failure. Maybe next they will focus on Luna 2.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: wheelz1200 on May 26, 2022, 05:39:35 PM

$1

Why in the world would anyone buy luna at this point. How much writing needs to be on the wall at this point. If anyone needs to throw theor money away just throw your bitcoin at a charity rather than buy this hot garbage. Seriously, it's over for luna. They've been exposed.

I also think that now LUNA is garbage, and those who think LUNA can come back are those who have already bought it either before the crash or after, thinking that they will hit the jackpot if LUNA can reach high prices again.
Moreover, the scammers have taken this opportunity by creating a new LUNA token 2.0 https://cryptopotato.com/scam-luna-2-0-tokens-are-already-running-wild/
and this will make it even more difficult for the LUNA team to re-raise this token, the right words are the game is over.

Lubcub62

member

Activity: 140

Merit: 20

Quote from: wheelz1200 on May 26, 2022, 05:39:35 PM

$1

Why in the world would anyone buy luna at this point. How much writing needs to be on the wall at this point. If anyone needs to throw theor money away just throw your bitcoin at a charity rather than buy this hot garbage. Seriously, it's over for luna. They've been exposed.

You are right. Even now, Luna's Binance Trade is not being held again. deposits and withdrawals were again suspended. this happened after Core Developer Terra got approval to burn 1.3 billion UST from its community pool after voting.

This may be good news but it won't have much effect either. so you are right instead of wasting money
better leave it to a charity.
put money by buying luna which is high risk and has lost trust. not recommended. but still everyone has their own thoughts and choices.

wheelz1200

legendary

Activity: 3752

Merit: 1415

$1

Why in the world would anyone buy luna at this point. How much writing needs to be on the wall at this point. If anyone needs to throw theor money away just throw your bitcoin at a charity rather than buy this hot garbage. Seriously, it's over for luna. They've been exposed.

Super Protocol

newbie

Activity: 42

Merit: 0

Quote from: WalkerIVIV on May 25, 2022, 08:20:01 AM

Quote from: yhiaali3 on May 19, 2022, 11:05:07 AM

The old Terra Luna is already dead, so don't ever expect it to come back to $1 in its current form, but if a hard fork happens on Luna as it was talked about and a new version of Luna with a lower Total Supply and the old coin is abandoned the Luna could get its value back by A bit of support, I heard that Luna 2 will be released soon as 35% will be distributed to old Luna holders and 15% to newer Luna holders, the coin team is doing everything they can to bring Luna back to life I hope they succeed.

gonna be frank that the distribution system for luna 2 doesn't seem really fair if the newest holders could get millions of coins with just few dollars investment.
it's just as stated by the former binance CEO that maybe it's just better if the LFG gives reimbursement instead of just forking the project because it seems like the LFG team behind the LUNA just wanna get away and maybe walk away from this billion dollars disaster and start anew with the LUNA v2 that doesn't really seem fair in the eyes of veteran luna holders.

The team's intentions may be very good, but those intentions will be in vain if they don't have enough funds to carry them out. I still think that forking the network is not going to solve anything, I think that at this point no one in their right mind would invest again, but there are still many investors in the original chain, and the team must think about them and the amounts of money those investors have lost.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: yhiaali3 on May 19, 2022, 11:05:07 AM

The old Terra Luna is already dead, so don't ever expect it to come back to $1 in its current form, but if a hard fork happens on Luna as it was talked about and a new version of Luna with a lower Total Supply and the old coin is abandoned the Luna could get its value back by A bit of support, I heard that Luna 2 will be released soon as 35% will be distributed to old Luna holders and 15% to newer Luna holders, the coin team is doing everything they can to bring Luna back to life I hope they succeed.

gonna be frank that the distribution system for luna 2 doesn't seem really fair if the newest holders could get millions of coins with just few dollars investment.
it's just as stated by the former binance CEO that maybe it's just better if the LFG gives reimbursement instead of just forking the project because it seems like the LFG team behind the LUNA just wanna get away and maybe walk away from this billion dollars disaster and start anew with the LUNA v2 that doesn't really seem fair in the eyes of veteran luna holders.

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

Quote from: Jatiluhung on May 14, 2022, 03:08:16 AM

There are so many questions that I come across about Terra Luna. starting from whether to rise again? will it return to $1 ?
and I also can not respond because of my limited knowledge about this.
maybe here friends can explain a little about the possibilities that can happen to this Terra Luna coin.
I will appreciate any of your opinions. because good conclusions can not be drawn if only done alone. it requires collecting data from multiple sources and many people.

I think this is a funny question. Cause now the Luna's supply is more over 6.5 trillion this is a huge amount . If luna go back to $1 dollar then it will take the all market Roll Eyes

. Now let's come and talk about burning , Before talking about burning, let me tell you that Lunar founder Allready has said that burning will not do anything. So there's no chance to burn this coin by team as if they have not the ability to burn this huge amount . So at the end of the day i think it will be disappear so don't invest in luna for long term . If you wanna trade on in do short-term trade and take the profit out

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Jose Mourinho on May 21, 2022, 01:13:21 PM

after what happened today where the price of terra luna fell too deep, the decline almost reached 100% I think it is very unlikely that the price of LUNA can return to $1,

It will never happen. Only people that can't think properly will think if luna will able to reach $1 again. The marketcap will be 6 trillions for a scam project like that. That doesn't even make sense but so many crazy people in the various groups like CMC was thinking that will likely to happen.

Quote from: Jose Mourinho on May 21, 2022, 01:13:21 PM

but even if it happens it will not be easy, LUNA take time and a long process to It to make LUNA able to re-develop and be liked by its users.

It's not easy to recover the whole of disaster that already made by luna developers. I think you must also aware about so many projects dead were unable to be recovered again.

RussianEnglishTranslation

jr. member

Activity: 840

Merit: 6

If you do your research you will find that it was a scam from the start. People shilling UST and Luna now are bag holders trying to dump on moonboys that don't know any better. Technically, there is no way to recover the chain because it hyper-inflated Luna into the trillions of supply and there is no way to stop it without a fork. Nobody trusts Do Kwon, so a fork won't fix the problem. Fortunately BNB chain and NEAR are reaching out to Luna developers to migrate to their chains and CNDL is offering dev bounties as well as airdrops for people who lost money in the Luna scam. They have a bounty program to test their new chain, which is technically superior to Luna anyway.

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: Jatiluhung on May 20, 2022, 01:04:14 PM

after what happened to Luna and UST. even people are getting scared and worried about USDT. and if you look at the market in the past week. USDT sales volume increased rapidly. because maybe they are scared. What happened to UST they feared would happen to USDT as well. but what amazed me was that the massive sales of USDT didn't seem to have any effect on USDT. which indicates USDT can still be said to be safe. because it turns out that when the big sale hits them, USDT can still hold on to its price. it signifies the team's preparation and the quality of USDT is very good. although now I see people starting to choose BUSD as their stablecoin of choice.

It does make sense though, I mean we are talking about USDT not being that great neither, nobody has any reason to believe USDT at all, why would we trust a company? At the end of the day, Tether is just a regular company and people trusted 80+ billion dollars which makes no sense to me at all. They could literally get away with all of that money and there is nothing anyone can do about it.

Sure, you could sue them and all, and the owners of the company could be looked after all around the world to be jailed, but if they are in the nation they are based in, and they could take their money out, then they could be doing something free to them so why trust something so dangerous?

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Jose Mourinho on May 21, 2022, 01:13:21 PM

after what happened today where the price of terra luna fell too deep, the decline almost reached 100% I think it is very unlikely that the price of LUNA can return to $1, but even if it happens it will not be easy, LUNA take time and a long process to It to make LUNA able to re-develop and be liked by its users.

Even this project turns out to be shit but its not really bad to play with the price yet increase in 20-50% is really just good for you to play on but of course this do really impose huge risk.

Dont anticipate nor hope about getting to 1 buck.
Current supply?
6,907,313,084,536

You cant expect that it would really be going that far but you could actually make out some money or profits on playing its price movement.

Jose Mourinho

sr. member

Activity: 585

Merit: 250

PredX - AI-Powered Prediction Market

after what happened today where the price of terra luna fell too deep, the decline almost reached 100% I think it is very unlikely that the price of LUNA can return to $1, but even if it happens it will not be easy, LUNA take time and a long process to It to make LUNA able to re-develop and be liked by its users.

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: Wildwest on May 18, 2022, 09:21:34 AM

I think to reach 1$ for terra luna at this time is a very difficult thing, because the price decline that occurred is very large and this project also there is a threat of removal by several large exchanges that are currently very disappointed and feel harmed by the project, then if there is a new update made by the team to again lift the price of terra luna then it takes a long time to get the highest value as it has ever happened previously.

The amount of coins that they have at this point is the reason why it would keep it being a problem. 6.5 trillion coins means that if it is 1 dollar then it would be 6.5 trillion dollars and right now bitcoin is 555 billion dollars in marketcap, hence why I believe that it would be funny to imagine that.

The best I can see right now would be 0.01, so 1 cent, in that case it would be 65 billion dollars, and that is the best it could ever reach, which is doubtful. Even 0.00001 would be a challenge at this point, which is 650 million dollars and its going under that level, just wait and see. I know that its looking higher now, but it will get there.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: mdzahed134 on May 19, 2022, 12:02:00 PM

This dream is never come true, because of LUNA circulating supply. If it will reach 1$ then LUNA will overtake even Bitcoin. So, it’s never possible for the current 7 trillion of LUNA supply. I don’t know team will take decision or not if burn supply which they minted for the several times otherwise there are no hope LUNA will go back at least 1$ in the future.

That circulating supply issue could have been solved if Luna team wanted to, but they failed and they are never going to recover. If I had as much money as they had, I would simply just get as much luna as I possible can, and even UST, and then end up burning them and getting them out of the circulation and that would be awesome.

I personally like to make them realize their mistake face to face so that people would actually be voiceless, they would stay speechless when you show them how they could have forgot about their personal gains and focus on something that is a bit more personal but they do not do that and they just care about the money in their pockets and prefer not to fix it.

Topic: could TERRA LUNA classic ($LUNC) go back to $1 dollar? - page 2. (Read 1101 times)