Topic: Crypto crash (LUNA/UST) - page 2. (Read 502 times)

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.

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.

We must stop to analyze from speculations that are not based on market analysis, many speculations lead investors to wrong investments because they do not have market analysis knowledge, so it is better to switch to investing in potential coins than wanting to bet to profit from speculations on Luna price increase.

The release of the new Luna coin only harms many new investors because they speculate for profits at the price before the Luna crash, actually speculation is not right, so don't invest in coins that are very risky because you might also feel big losses like the previous Luna holders.

After a 99% reduction and now they are getting back on their feet and want to attract investors who have previously decided to leave luna, but all will not be easy to happen and now luna has become a new shitcoin and has not fully returned many enthusiasts for the foreseeable future, buying luna at this time there are big doubts that we feel but all need patience in responding to this project for the future.

i think it's crazy how some people are still buying Luna1 and version 2. People will buy anything if they think it might pump. I consider it gambling. I prefer steady staking rewards from POS projects like NEAR and ICP compared to rolling the dice on meme coins.

A bit curious about that, is not it hot-wallet that related to the exchange site? I just got the latest news from the korean government https://watcher.guru/news/korean-police-have-taken-measures-to-freeze-luna-foundation-guard-assets

So those bitcoins are still untraceable. I meant so many speculation if that address was related to the luna LFG fund address that being stored by kwon but there are also people said that if that was a hot wallet that owned by exchange site.
I don't know which was the true story about such address but this is quite confusing.

the chance of it becoming just shitcoin is 100% because it already is a shitcoin, it's already getting abandoned by the devs behind it, since they already ran out reserves for saving this UST and LUNA
and even if there is sudden bullish run it just gonna stay below $0.01 considering its supply as well, it's just clear that LUNA has become the new shitcoins, I think in the future we just gonna be seeing more and more market delisting this coin
after all we aren't really lacking coin like LUNA and UST in the market, the investment gonna finds new better investment and LUNA just gonna reducing in market capitalization overtime.

If more government sanctions will be put into Do Kwon and its foundation, there will be sure actions like this of delisting into major exchanges.

But as of now, they've allowed the trading of it because of the commissions that exchange will be getting from them and they can't just ignore it as a business.

So, if there's an order from higher authorities that they have to delist it, that's where they'll take action. For now, they'll just put a sign that be careful of its extreme volatility as you trade.

Though some exchanges are listing back LUNA on a different pair though since those exchanges also hold some LUNA and in order for them to dispose it, they should list it again. There’s no new hype with LUNA and that’s why its price will not pump again, though many are waiting for the up coming update, I don’t think its enough to make LUNA pump again, that’s too risky to buy LUNA again so stay cautious.

As we could see know, DoKwon recently like real fraudster and enemy of Terra community:
1) he transferred 80K BTC of Terra crypto-reserves  to crypto-exchanges, but this amount was not used to buy out equivalent amount of assets  UST&LUNA  to support prices of previously issued assets against Us dollar (https://www.elliptic.co/blog/what-happened-to-the-3.5-billion-terra-reserve-elliptic-follows-the-bitcoins), only making  oral intervention "we under attack", "we buying out" , thus he provided fake support of Terra ecosystem,
2) he allowed for LUNA supply to increase above Genesis Liquidity of 1B (as fixed in Terra Money docs), and in situation of sell-run and fake support, it leads to that large amount of UST were burnt on chain against LUNA creating hyperinflation of LUNA; thus he diluted  the value of LUNA coins up to zero, imposing  near 40B dollar losses on community members and investors ,
3) he deleted from "Passed" section of TerraStation the passed voting proposal #1188 regarding burning both UST and LUNA tokens (https://www.youtube.com/watch?v=3LDBaUjO2Pw),
4) he created and now pushes forward proposal №1623 to suck all investors and to issue new 1B of luna-coins for your team and devops.
5) he deliberately uses misleading wording like "attack"/"per-attack" as if there was some UFO attack on Terra, just to obscure the fact that hiding 80thd BTC on Gemini/Binance exchanges instead of using them for buying out assets UST&LUNA  IS  THE ONLY ATTACK he perosnally executed against Terra ecosystem!

We need to clearly understand -  as far as BTC reserves amounted by TerraLab during selling of UST&LUNA assets to investors were not used to buy out these assets to support its prices against US dollar, it could be understand that DoKwon just stole this amount of Bitcoins from Terra ecosystem.
You could find out detailed investigation with Bitcoin bc transactions here: https://www.reddit.com/r/terraluna/comments/us4v5m/

You are right! Recent funding shows that DoKwon deliberatly crashed UST&LUNA in order to pocker-out 80K of Bitcoins.

Right, The crypto market is huge and we have a lot of choices that are a hundred times better than Luna. I think people who lost money in Luna's accident should learn to forget about them and find another opportunity instead of expecting it to come back. It's really hard because it's everyone's savings, sweat and tears but accept the truth and start over instead of brooding. Many people have come to a standstill when investing in UST to enjoy 20% interest. This is the dream interest rate of many people, unfortunately it is a disaster.

I agree. I haven't actually seen a coin or a token that was able to recover from such a fall. That is why I also don't think Luna will ever recover no matter what kind of strategy they are planning to do. So it is much better to just find some other good coins than just focusing on Luna and waiting for any updates they might bring. We are currently in the right time to find some new good coins and invest in them and just accept that Luna will never recover. It's very painful to see people lose a huge amount of money in the crash, heard a few people invested a lot of their savings in there and now they are having problems with how to get it back. I feel very sad for them and for their families.

It's possible. The price dumped to the even less than zero value. This coin is not possible to increase but it's possible to get another zero again. I think that talking about luna is wasting your time right now if you have more chance to invest in a better token in the market. The era for luna already ended. No reason for this token to go up again even with the new fork. The price will always be plunged so hard. this is the reality that's really hard to accept by any holders of luna

It would be very painful if you had to trust Luna again at this point, especially if you could lose a second time with Luna which means being stuck in the same hole, even though there are now many other cryptocurrencies that are better so ignoring Luna is a very good thing now

it is, and base on the current value itselft in the market it seems almost the end of their journey in the space, because imagine how it feels like a rock until these days. So i wouldn't be surprised if luna suddenly turn into shitcoin afterwards and you know it's a big mistake to trust again, wherein much better to find new projects to invest than assuming there is still a chance for them to recover in the future..

What do you mean about more shares? if you meant about the price and im sure that if you are aware about this too. No chance for luna to go up again. The price dumped alot and binance already announced about the new token for luna but this is making so many people are distrusting the luna project itself. This shit is always become shit. I don't expect someone with bunch of money will help this token. Luna is dead and this is just another story about scam ponzi token right now.
1 million investment goes to the $1 investment.

I think it's true because putting money in one basket will not be enough to guarantee assets to be very safe in it, especially since the asset does not have a stable value like currency in general, so it is clear that the risk is greater when placing it in only one asset model.

well, looks like there's no hope for the two coins anymore. it's really sinking. imagine, hundreds of dollars worth of coins fall into worthless, unlimited supply, stable coins become cheap coins. however, there is very little chance of this project growing again, in fact many people think that this coin is just waiting to become completely worthless. however, this is a very bad thing to happen to popular altcoins.

Big losses have indeed occurred at this time to those who hold LUNA coins, and the most painful thing is that some exchanges want to remove LUNA on their exchange even though the decision was withdrawn because there are some problems being solved by the LUNA team, currently many investors have experienced heavy losses and never get stuck with the coin for the foreseeable future, Although there are major changes that will be made but we must consider as well as possible.