could TERRA LUNA classic ($LUNC) go back to $1 dollar? - page 6.

Jatiluhung

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Wheel of Whales 🐳

Quote from: CaVO32 on May 16, 2022, 02:52:17 PM

Quote from: Jatiluhung on May 16, 2022, 02:47:02 PM

Quote from: Ararbermas on May 16, 2022, 05:40:54 AM

No one knows the future of LUNA on this situation because obviously it is getting worse up to now, and there's already some rumours that the team of luna has a plan to launch a new token in the market instead of fixing the project itself, where in, because of some reason , so on that case if it's true surely it will become more unpredictable for LUNA if there's still a chance to recover or not.

it's not a rumor anymore but a few hours ago do kwon via his twitter has announced it. i.e. there will be a launch of luna 2 and luna classis will be $LUNC and new luna will be $LUNA.
even though I see the majority of comments are looking forward to burning the current Luna supply. and buyback for UST. as suggested by Cz binance on his twitter account. But maybe Do Kwon has other plans that we can't predict yet. and Do Kwon said he will not leave terra and will continue to fight to rebuild Link

Now, lies how sincere is Do Kwon in rebuilding this project. But if in case he will continue to rebuild this, it would take time and no one knows to what extent he will develop these new plans. Remember, he can always say they haven't benefited from this current crash, but in my mind, they already have pocketed a lot of money because of this project. So they are not too worried about themselves not getting any from this current situation of Luna. The holders can just hope for the best because the current price tag in the market is really really discouraging.

Yes, it's like what you said. and we can also see that their reputation has been destroyed and it is very difficult to build a reputation to be trustworthy again. and I also think they have nothing to lose and today the price of luna fell again after the community found out that the assets that terra had to back up prices turned out to be very few
that is :

Quote

8/ As of now, the Foundation’s remaining reserves consist of the following assets:
· 313 $BTC
· 39,914 $BNB
· 1,973,554 $AVAX
· 1,847,079,725 $UST
· 222,713,007 $LUNA (of which 221,021,746 is currently staked with validators)

Sourch Link

CaVO32

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Activity: 1848

Merit: 158

Quote from: Jatiluhung on May 16, 2022, 02:47:02 PM

Quote from: Ararbermas on May 16, 2022, 05:40:54 AM

No one knows the future of LUNA on this situation because obviously it is getting worse up to now, and there's already some rumours that the team of luna has a plan to launch a new token in the market instead of fixing the project itself, where in, because of some reason , so on that case if it's true surely it will become more unpredictable for LUNA if there's still a chance to recover or not.

it's not a rumor anymore but a few hours ago do kwon via his twitter has announced it. i.e. there will be a launch of luna 2 and luna classis will be $LUNC and new luna will be $LUNA.
even though I see the majority of comments are looking forward to burning the current Luna supply. and buyback for UST. as suggested by Cz binance on his twitter account. But maybe Do Kwon has other plans that we can't predict yet. and Do Kwon said he will not leave terra and will continue to fight to rebuild Link

Now, lies how sincere is Do Kwon in rebuilding this project. But if in case he will continue to rebuild this, it would take time and no one knows to what extent he will develop these new plans. Remember, he can always say they haven't benefited from this current crash, but in my mind, they already have pocketed a lot of money because of this project. So they are not too worried about themselves not getting any from this current situation of Luna. The holders can just hope for the best because the current price tag in the market is really really discouraging.

Jatiluhung

sr. member

Activity: 980

Merit: 451

Wheel of Whales 🐳

Quote from: Ararbermas on May 16, 2022, 05:40:54 AM

No one knows the future of LUNA on this situation because obviously it is getting worse up to now, and there's already some rumours that the team of luna has a plan to launch a new token in the market instead of fixing the project itself, where in, because of some reason , so on that case if it's true surely it will become more unpredictable for LUNA if there's still a chance to recover or not.

it's not a rumor anymore but a few hours ago do kwon via his twitter has announced it. i.e. there will be a launch of luna 2 and luna classis will be $LUNC and new luna will be $LUNA.
even though I see the majority of comments are looking forward to burning the current Luna supply. and buyback for UST. as suggested by Cz binance on his twitter account. But maybe Do Kwon has other plans that we can't predict yet. and Do Kwon said he will not leave terra and will continue to fight to rebuild Link

Ararbermas

sr. member

Activity: 2016

Merit: 283

No one knows the future of LUNA on this situation because obviously it is getting worse up to now, and there's already some rumours that the team of luna has a plan to launch a new token in the market instead of fixing the project itself, where in, because of some reason , so on that case if it's true surely it will become more unpredictable for LUNA if there's still a chance to recover or not.

Lubcub62

member

Activity: 140

Merit: 20

It seems that good news about Luna Terra's fate is starting to emerge starting from CZ's support and there are rumors of vitalic tweets that seem to be helping Terra. I myself decided to buy several tens of thousands of Terra Luna coins. for only $10.5 dollars. so I will not feel lost even though the price will not go up. but if the price goes up then it will be great luck. I think the risks and rewards are worth it.
I still see hope in Terra even if it's dim. because I saw that many exchanges started to open spot trading to luna/usdt like indodax and binx dan luna/busd like at binance. Of course, the exchange will not take this step without good reason. Stay DYOR.

bitbollo

legendary

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Nec Recisa Recedit

Quote from: Atikah92 on May 15, 2022, 09:41:30 AM

Quote from: bitbollo on May 14, 2022, 09:58:15 AM

For what I can remember in the history of all cryptocurrencies no one has ever been able to recover from such a collapse.
not only the "fundamentals" are lacking at the technical level, but also at the community level there is a sentiment against "the old value".

let's talk about a rise x10000! basically this is science fiction!
in practice, it has been clearly seen how such a coin can collapse... the exact same situation can occur again in the future!

I think a lot of people started buying when Luna was up thousands of percent after the crash.
I noticed something odd which was quite significant between one of the exchanges going up 1000% more at the same time the trust wallet went up to 2000% more.
is this manipulation?
many of those who have bought have problems.

the high-risk speculative move is "okay". you can try it maybe it can work in a specific situation like this and price has surged from
0,00003 USD to 0,00024 USD ...
those who likes to take risk, they can always made an attempt. but if they don't sold on the right time it is very likely to remain "with nothing in hand" and they are playing with a bomb that's it's like to explode Roll Eyes

I have read many comments around social networks of people who buy thousands of tokens hoping LUNA it will return at least to 1 dollar ... this is the problem, I consider it a reckless risk especially in the case of substantial investments...

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: masterrex on May 15, 2022, 09:12:53 AM

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.

Honestly speaking, I doubt it, but for the sake of fairness let us give them an ample time to implement a solution that they want to do, and let us see what will be the outcome, its a big problem that needs a big solution so it's up to them, Anyway $1 per Luna was still possible if they can successfully fixed the huge Terra Luna problem.

Do people still want to invest in Luna after the dump that create a huge chaos almost all around the world? Come on, people, I hope this will bring a clear message that investing in altcoins is too risky if you didn't know what you were doing. It does happen in the past where a certain project pumping too much due to hype of the market but as time goes by there will be a point of time that these hyped coins will eventually crash. This is not the first time I saw a crash about crypto currency since it does happen often in the past so consider yourself lucky about your investment if you choose Bitcoin instead of hyped altcoins.

makishart

legendary

Activity: 3108

Merit: 1029

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.

Expecting this token to surpass the old ATH that has ever reached by bitcoin to surpass 1 trillions marketcap? Is this a joke or what? You can answer that easily based from tokens that still int he circulation. There was no possibility even a mircle will not even make the price to go back again to the 1 dollar.
The price will still remain the same right now.

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

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.

This coin will remain zero and this will be last forever. Those who have been investing this early already lost a lot of their money. I see no possibility for the recovery to happen.

Atikah92

newbie

Activity: 20

Merit: 0

Quote from: bitbollo on May 14, 2022, 09:58:15 AM

For what I can remember in the history of all cryptocurrencies no one has ever been able to recover from such a collapse.
not only the "fundamentals" are lacking at the technical level, but also at the community level there is a sentiment against "the old value".

let's talk about a rise x10000! basically this is science fiction!
in practice, it has been clearly seen how such a coin can collapse... the exact same situation can occur again in the future!

I think a lot of people started buying when Luna was up thousands of percent after the crash.
I noticed something odd which was quite significant between one of the exchanges going up 1000% more at the same time the trust wallet went up to 2000% more.
is this manipulation?
many of those who have bought have problems.

masterrex

full member

Activity: 1820

Merit: 107

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.

Honestly speaking, I doubt it, but for the sake of fairness let us give them an ample time to implement a solution that they want to do, and let us see what will be the outcome, its a big problem that needs a big solution so it's up to them, Anyway $1 per Luna was still possible if they can successfully fixed the huge Terra Luna problem.

sulis sudibyo

member

Activity: 882

Merit: 11

Volare.network

Quote from: Jatiluhung on May 15, 2022, 03:08:59 AM

and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup? Cz Binance Twitter

I heard that do kwon is not using his bitcoins as a peg recovery effort. but there are some tweets that say it's been done, but not able to restore the situation as before. There has been a lot of speculation about terra's bitcoin reserves, but nothing can really be proven because from the start the terra development team seemed closed about the matter. even cz had to suspend luna's trade yesterday so he could be responded to by the terra team.

but in my personal opinion, if terra still has funds (bitcoin) there is still hope for it to recover.

inanilujimi

sr. member

Activity: 1876

Merit: 259

Quote from: Beparanf on May 15, 2022, 06:58:23 AM

Definitely NO way with current circulating supply and how fuck up the UST is. In case it will go back to that price again, They will need to burn all those Trillion Luna supply and make it below 500M Luna circulating supply again. It will need billion dollars fund to make it happened and in case they take the hard fork way, I'm sure no one will ever trust Luna again and those old token olders will rush to deposit on exchange just exit with good price.

Luna already show the hell on it's investor by doing poor leader in times of attack. This will not happened they allow UST to solo received the attack and leave Luna out of it. They can always buy back manually once the attack is over yet Do Kwon is very egoistic to continue the UST pegged to Luna code.

One more thing, reserve funds have not been used to save the Luna ecosystem, he only sacrificed investors who were deeply injured. if he really cared about Luna he should have acted quickly, but on the contrary it seemed as if he wanted this to happen.

Beparanf

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Activity: 2954

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Definitely NO way with current circulating supply and how fuck up the UST is. In case it will go back to that price again, They will need to burn all those Trillion Luna supply and make it below 500M Luna circulating supply again. It will need billion dollars fund to make it happened and in case they take the hard fork way, I'm sure no one will ever trust Luna again and those old token olders will rush to deposit on exchange just exit with good price.

Luna already show the hell on it's investor by doing poor leader in times of attack. This will not happened they allow UST to solo received the attack and leave Luna out of it. They can always buy back manually once the attack is over yet Do Kwon is very egoistic to continue the UST pegged to Luna code.

crwth

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Activity: 2940

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https://linktr.ee/crwthopia

I don't think it will come back anymore to that price, and it might just be the end of Luna. It has just collapsed to the floor and can never go back to its original glory with what happened to it. It's like making Bitcoin history again with the price increase you will make. It can be a gamble on what it could be again, but that's speculation.

Marvelman

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★Bitvest.io★ Play Plinko or Invest!

CZ Debunks Rumors that Binance Invested $300m in Terra (LUNA)

Quote

Binance did not participate in the 2nd round of Luna’s fund raising nor did we acquire any UST. Binance Labs invested $3m USD in Terra (the layer 0 blockchain) in 2018. UST came much later after our initial investment.

https://twitter.com/cz_binance/status/1525754773626097669

Binance's CEO has also urged the Terra team to be more transparent, in particular in regards to on-chain transactions.

Quote

The last few days, we tried hard to support the Terra community. In my tweets, I am simply pointing out the potential issues from my understanding. Minting, forking, don’t create value. Buying back, burning does, but requires funds. Funds that the project team may not have.

In this regard, I would like to see more transparency from them. Much more! Including specific on-chain transactions (txids) of all the funds. Relying on 3rd party analysis is not sufficient or accurate. This is the first thing that should have happened.

https://twitter.com/cz_binance/status/1525754777170231298

killerfrost

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PredX - AI-Powered Prediction Market

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.

Paranoia with thoughts of a failed project. Look at their justifications; at least, that is how I would expect these guys to compensate for their mistakes.
And personally, I don't participate in the game that people think is luck here because it only has to fail

, I have also seen some friends who have spent money to buy again when the price of the fish is too much 0 but they still suffer the pain of not controlling their own money. For those who have money left over, pay attention to buying coins like BTC ETH BNB... because it won't fail like LUNA. Take a look at the last few days after strong market volatility. I'm sure you guys elephants have hoarded more crypto for their own use and will have the tricks to push the market price again. We sold investors will spend money again to save the losses and scenarios during this period, which perhaps will be even worse.

Jatiluhung

sr. member

Activity: 980

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Wheel of Whales 🐳

Quote from: takngantuk on May 14, 2022, 11:42:26 PM

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.

can if terraform labs want to buyback and burn the total supply currently circulating. currently the total supply of luna is 6t, if burned in half or even left less than 1t, I think it's possible. But if they don't, don't expect Luna to go up. I even doubt that Luna can maintain the current price.

I read all the replies friends above. and said it would be very difficult if terra luna had to go back to $1. and the thoughts of friends above are very acceptable because it is as you and all of you said, namely with the current supply it is very unlikely to return to $ 1. unless the team burns coins. and i see comments suggesting do kwon to burn terra luna to reduce circulating supply.
even CZ binance came to the point of commenting on this and suggesting the same. and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup? Cz Binance Twitter

takngantuk

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Activity: 1024

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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.

can if terraform labs want to buyback and burn the total supply currently circulating. currently the total supply of luna is 6t, if burned in half or even left less than 1t, I think it's possible. But if they don't, don't expect Luna to go up. I even doubt that Luna can maintain the current price.

kurniawan05

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KUWA.ai

I think it's almost impossible to happen, people have lost their trust in Luna and UST, now luna has an enormous supply of more than 6 trillion, to reach $1 then the marketcap will be more than 10 times the current BTC marketcap.

Captain Corporate

hero member

Activity: 2170

Merit: 575

There is really nothing that I could see right now that Luna could do to make it go back up too much. I hope that it would, at the end of the day too many people lost money and I would love it if the price goes back up so that everyone would earn, why wouldn't I want people to earn, but I doubt it. This is the dilemma of the people who are realistic, if you are saying the truth that you believe, then it will be quite difficult for you to get liked because you are saying things that people do not want to hear. I keep saying not to invest in Luna anymore, but many people think that I am just a hater, when in fact I am just trying to protect them.

Topic: could TERRA LUNA classic ($LUNC) go back to $1 dollar? - page 6. (Read 1118 times)