Topic: Crypto crash (LUNA/UST) (Read 516 times)
The upside of Luna crashing, and of course UST crashing as well, is that people are now looking at the stablecoin market with a grain of salt. That was a very very important thing that needed to be done and I am glad that it is done. We have to realize that the best thing to do right now is to look at those USDT and USDC markets and make sure that they are actually backed. I know that many people trust them, but you can never be guaranteed. Sure some billions were cashed and it was moved like "see, here is the proof" recently, but reality is that until its ALL cashed out, we can never be certain, maybe 10 billion is missing from USDT? How would we know until it goes under there, and unless it crashes, it won't go there. So we should always be careful, its play ball or go bust with these stablecoins.
Since there was a big drop in the luna coin, very many investors have suffered losses, and now the recovery is back in sight but this is not fully we can reinvest because there is no big guarantee that can happen in a short time, and don't be fooled a second time so no matter what happens at the moment we have to use a big analysis and don't easily believe the big profits are waiting for you, it's possible that this is still a trap.
After what happened to LUNA, where the price fell very drastically and made many investors lose money. This of course makes LUNA's reputation
look bad. After all, in the crypto world, there are quite a few choices of coins that are better than LUNA. So most investors would prefer to invest
in other projects than trusting LUNA again. Because for me LUNA is over, LUNA has failed to maintain their reputation, so we really have to avoid
investing in LUNA. If we don't want to experience losses, then don't be fooled by the LUNA team for the second time, always remember what happened
to LUNA. Do your research and analysis properly to convince us that LUNA is not worth buying.
Since there was a big drop in the luna coin, very many investors have suffered losses, and now the recovery is back in sight but this is not fully we can reinvest because there is no big guarantee that can happen in a short time, and don't be fooled a second time so no matter what happens at the moment we have to use a big analysis and don't easily believe the big profits are waiting for you, it's possible that this is still a trap.
Honestly, Luna's crash is worse than what bitcoinnect did in 2018. Bitcoinnect is a ponzi scheme and has had a lot of warnings and no surprises with its death but Luna is different, a potential rated coin, top 20 on CMC, but in just a week the value has dropped to almost zero. This has never happened before with cryptocurrencies, is a shock to the entire market.
After learn of Lunc's failure do you still believe in Do Kwon? If you believe it then I think it's wrong. Do kwon initiated the new Luna project which gave lunc holders hope of getting their lost money. But the reality is that the New Luna project has no effect on the funds of its holders. In fact, I read that Binance also suffered heavy losses due to Luna/Tera. They also give hope by re-releasing trades. But it seems that until recently Do kwon's new project many did not believe it. Because of that bad history. I won't hold the luna even if I have a little Lunc when the price is ruined.
It seems like he has thrown his money. I do believe at the time before the snapshoot and people were massively buying luna classic to be eligible for the airdrop but im sure if he was also a part of solana holders as well. It's too late to give him awareness about that as this thread already a month ago. This time so many things changed and we have two luna in the market that issued by the same developers. I can only speculate if he has received his new luna.
It's quite unfortunate to those that have bought the old Luna/classic Luna when the price crashed and hoping to get a great amount of the new Luna when it was released and then they realized that they could only get a bit of V2 and they lost a lot in the process. It's kinda hard to tell whether the new Luna will become expensive just as the old one did, before the crash ofc. And it's scary to think that a coin as big as Luna could become like this in a short time, makes you wonder what other major coins might go down the same road.all this is going on is a risk when it comes to buying a coin that is nearly destroyed and hoping it will come back high and reap a lot of profit, much like gambling.
I am also one of Luna's coin holders, all has happened. the only way is to forget Luna and try to take advantage of the other coins there is no need to pity, and also no need to drag on all this.
It seems like he has thrown his money. I do believe at the time before the snapshoot and people were massively buying luna classic to be eligible for the airdrop but im sure if he was also a part of solana holders as well. It's too late to give him awareness about that as this thread already a month ago. This time so many things changed and we have two luna in the market that issued by the same developers. I can only speculate if he has received his new luna.
It's quite unfortunate to those that have bought the old Luna/classic Luna when the price crashed and hoping to get a great amount of the new Luna when it was released and then they realized that they could only get a bit of V2 and they lost a lot in the process. It's kinda hard to tell whether the new Luna will become expensive just as the old one did, before the crash ofc. And it's scary to think that a coin as big as Luna could become like this in a short time, makes you wonder what other major coins might go down the same road. 
The possibility of crypto (LUNA/UST) losing even more shares in the market?
Please tell me you aren't throwing your money at this garbage when you could be buying bluechips like IOTA, XLM, 0xMR and ICP at record low prices. Please don't do this.Whether it's the new Luna or the old Luna, I think it's over, everyone who holds both versions of Luna has lost. Yesterday, Dokwon officially closed his Twitter account, ending all hopes of Luna holders.
Honestly, Luna's crash is worse than what bitcoinnect did in 2018. Bitcoinnect is a ponzi scheme and has had a lot of warnings and no surprises with its death but Luna is different, a potential rated coin, top 20 on CMC, but in just a week the value has dropped to almost zero. This has never happened before with cryptocurrencies, is a shock to the entire market.
People are committing suicides and "Stablekwon" is still on freedom, starting his new ponzi/scam.
The possibility of crypto (LUNA/UST) losing even more shares in the market?
Please tell me you aren't throwing your money at this garbage when you could be buying bluechips like IOTA, XLM, 0xMR and ICP at record low prices. Please don't do this.
The possibility of crypto (LUNA/UST) losing even more shares in the market?
It's over man. Why on earth would anyone put money into that project right now? Just move on to something else. People keep chasing bad money with good money and get burned. High risk, low reward.
The possibility of crypto (LUNA/UST) losing even more shares in the market?
Please tell me you aren't throwing your money at this garbage when you could be buying bluechips like IOTA, XLM, 0xMR and ICP at record low prices. Please don't do this. It's a lesson and should be accepted don't be stubborn, we just lose more money for those scammers. To be able to bring back Luna, the Luna team will have to spend a lot of money even billions of dollars to have any hope of restoring it, but that certainly won't happen. If they wanted to save it they would have found a way as soon as Ust started losing pegs instead of watching it die.
They do not even have those billions of dollars to make it come back, not only they won't do it but even if they were actually a decent team that wanted to legit make it come back, they do not have the money to make it come back. Look at Luna right now, the new 2.0 version, the price dropped from near 20 bucks levels to under 7 bucks again and that is without the money being in the circulation too much and listed everywhere.I promise you, the moment team starts to distribute that and let it be, the price will crash even harder. That has been the case for almost every single project that tried to make a comeback and it will be the case here as well.
That is also true and I think it is necessary to prove in court regarding this matter,
because if we only accept on one side, namely the terra side, of course they will defend themselves,
What's clear is that we'll see how it develops
We need an investigation to prove the real case, but I wonder why Do Kwon wasn't summoned to give a statement to the court, so we won't believe Do Kwon's talk about the luna price crash. because if we only accept on one side, namely the terra side, of course they will defend themselves,
What's clear is that we'll see how it develops
they have a chance to make more money here than anywhere else so it worths the risk. I believe it doesn't, I believe it will crash, but that would be only known with time.
They can't get back their investment. I just called that if the new token just like a free cash. Even investors will not able to recover their money again. They lost what they have. Some people even end their life caused by they have been loosing all of their money. This coin can'e be trusted anymore. Its CEO think that if all of power owned by him and he was deciding what he was thinking if it's right thing. This is not how decentralized community work.
The only reason there are still some people who would like to "trust" the team is the fact that they are hoping for a better return than what they would normally get in an unusual situation. Obviously its not going to be that simple, but at the very least they would be doing a bit better that way. This should be the case for most investors at least, they do not really trust it, but they know its unusual situation and if things go unexpectedly well then they have a chance to make more money here than anywhere else so it worths the risk. I believe it doesn't, I believe it will crash, but that would be only known with time.
buying LUNA v2 at this time is a stupid thing imo. do kwon has become a criminal and the LUNA crash case is being closely monitored by the court.
Maybe the court should examine and investigate what actually caused the drastic price drop, even though there was information from the terra team about price damage but that information was not fully reliable before the court confirmed the news.because if we only accept on one side, namely the terra side, of course they will defend themselves,
What's clear is that we'll see how it develops
People do really love to play with fire even if its already obvious.Now they do have that scheme on creating that 2.0 despite of their first coin crash its price into 0USD or 100% decline
and now they are thriving on having new but still people do engage on it despite of those trust issues which is totally bullshit i would say.
buying LUNA v2 at this time is a stupid thing imo. do kwon has become a criminal and the LUNA crash case is being closely monitored by the court.
Maybe the court should examine and investigate what actually caused the drastic price drop, even though there was information from the terra team about price damage but that information was not fully reliable before the court confirmed the news.because if we only accept on one side, namely the terra side, of course they will defend themselves,
What's clear is that we'll see how it develops
buying LUNA v2 at this time is a stupid thing imo. do kwon has become a criminal and the LUNA crash case is being closely monitored by the court.
Not for the scalpers and speculators. They are still thinking if luna is still worth to buy even when they have lost a lot in their investment. I do see that people are using the new luna as a way to recover. Some people able to recover when they were scalping lunc. https://coinmarketcap.com/currencies/terra-luna-v2/markets/ binance has re-listed LUNA v2 and the trading volume is quite large. I don't know what's the scenario behind all this.
It's all about money. The question is there is still a lot of dumb people who bought it. There might be a hidden agenda by the team. We didn't know the fact caused by the team is who knows about the truth 
The possibility of crypto (LUNA/UST) losing even more shares in the market?
Forget about luna, enough investors have lost a lot of money in Luna. the proposal made by Do Kwon was unable to raise Luna price anymore. One lesson I took from this crime is don't put all your money in one coin because it's quite a risk that we will accept if one day the price suddenly drops 99%.It's a lesson and should be accepted don't be stubborn, we just lose more money for those scammers. To be able to bring back Luna, the Luna team will have to spend a lot of money even billions of dollars to have any hope of restoring it, but that certainly won't happen. If they wanted to save it they would have found a way as soon as Ust started losing pegs instead of watching it die.
buying LUNA v2 at this time is a stupid thing imo. do kwon has become a criminal and the LUNA crash case is being closely monitored by the court.
Maybe the court should examine and investigate what actually caused the drastic price drop, even though there was information from the terra team about price damage but that information was not fully reliable before the court confirmed the news. Jump to: