Topic: Holy Crap ! Terra is gone to zero ?!?! (Read 623 times)
Cryptocurrencies always involve high risk. Therefore, such disasters are always potentially present in this market. We may see other coins going from a hundred dollars to plenty of zeros. But the Luna incident has already gone down in history. I think this sad result will be talked about for years as a crisis. Therefore, we need to stay away from algorithmic stablecoins a bit. They are not providing a reliable enough service for now.
It looks like the CEO of terra is very wise to have created a folk coin that will continue from where terra stops. The team had made there biggest mistakes and I know many investors do not have concrete trust in the project again. Many Investors are still waiting for the right time to take their profits and leave the market before the whales will finally dump it again.
Investors are just waiting for a return on the capital they used to use on Luna, because I think it's very difficult to make a profit on Luna now, especially since the market support is not good, as well as support from investors. So I think taking the authorized capital and leaving Luna is a very appropriate option instead of having to wait for profits to come through Luna again because the potential for disposal is still much greater for Luna. Many Investors are still waiting for the right time to take their profits and leave the market before the whales will finally dump it again.
Profit for what? majority of investors are loosing a lot. they were not even getting profit from what they have been holding, the scalpers were who already taken huge profit from the dump of terraluna. This can be said that when you are seeing a huge crash and this will become a very bad thing for the future even when the developers intention to release bunch of tokens to the market but yeah this is how crypto trust is working right now. once you find that if developers were doing shady thing and this will make you become a very bad thing.
Many Investors are still waiting for the right time to take their profits and leave the market before the whales will finally dump it again.
Profit for what? majority of investors are loosing a lot. they were not even getting profit from what they have been holding, the scalpers were who already taken huge profit from the dump of terraluna. This can be said that when you are seeing a huge crash and this will become a very bad thing for the future even when the developers intention to release bunch of tokens to the market but yeah this is how crypto trust is working right now. once you find that if developers were doing shady thing and this will make you become a very bad thing.
It looks like the CEO of terra is very wise to have created a folk coin that will continue from where terra stops. The team had made there biggest mistakes and I know many investors do not have concrete trust in the project again. Many Investors are still waiting for the right time to take their profits and leave the market before the whales will finally dump it again.
Ithink not going to zero buy new luna and hold it wait for the bullrun and soon luna will hit 200 usdt soon again. Also hold lunc soon it will good like ethereum classic
That is quite doubtful for the new luna to even having reach that high price point, lets be real $200 is kinda hard if the current new luna hardly retaining its first listing value, it has go down literally 60% the first day it got listed, meaning that there is less anticipation from the masses.
even LUNC just gonna be another shitcoin, I mean even meme coins like doge at this point is better than LUNC, at least with doge you got elon musk support unlike LUNC it's literally floating away and maybe gonna gets delisted from various exchange soon.
Down 100 % on CoinMarket Cap !! What !?!
Terra was a scam from the start. Anyone who did some research could see that it was unsustainable. I'm glad I put my money in FTM and CNDL. FTM is starting to recover in price and CNDL didn't get affected by the market dump. I'm also buying MATIC at these prices and I hope you do the same.even though LUNA is currently in a very crazy polemic, but I didn't see this coin a scam from the start, but I saw that the coin was very consistent where its development from time to time experienced a significant increase, and there have been many big profits for the holder, but this year the LUNA collapse really occurred where the price of LUNA fell almost 100% which made the holder make the lost.
I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.
This has never happened before, this is really the biggest shock I have ever seen in the market. Luna's crash was worse than a shitcoin. I'm sure no one would have expected it to happen to a market leading coin like Luna, this only happens with shitcoins. It's not in the hype stage, but I mean the price shown when the luna is high is the same as the hype is running, the proof is that Luna is not able to stay in the high price for a long time, investors no longer have high hopes on luna, even though further development uses Method 2.0, I think Luna's development is almost over for now and it's difficult for Luna to reach her highest score in the future
I believe that even if they manage to fix the issue that caused them to go down, the nature of the market is if people sell, the price goes down. So, they can't fix that and I believe that there will be ton of people who will end up selling as soon as they get it, which makes it a reasonably horrible idea.This is why I believe that we should be focusing a bit more towards making something of worth, and not something that will be recovered too easily neither because they are going to suck again. Why would anyone care about their word anymore, their word means zero to people, and all these new stuff BS will end up on their face for sure.
Down 100 % on CoinMarket Cap !! What !?!
Terra was a scam from the start. Anyone who did some research could see that it was unsustainable. I'm glad I put my money in FTM and CNDL. FTM is starting to recover in price and CNDL didn't get affected by the market dump. I'm also buying MATIC at these prices and I hope you do the same. 
Ithink not going to zero buy new luna and hold it wait for the bullrun and soon luna will hit 200 usdt soon again. Also hold lunc soon it will good like ethereum classic
Mathematically not 100% but generally it can say 100%. Not only it turned into zero but also it make people zero who trusted and invested with luna. Even still it going below but i wonder some people still is in hope that It'll recover or atleast go up. But thats not possible anymore. Luna is now luna classic, is end. Team are busy to development their new luna but who will trust them again!
Terra was a scam from the start and people are finally starting to realize that. It was hyped by VC and a couple prominent youtubers and these insiders were able to cash out using the Terra reserves before the collapse. Fortunately for retail investors, some projects are offering aidrops to Luna holders, like CandleLabs, and others are poaching developers- both $CNDL and NEAR protocol.
I don't believe terra luna from the first time it was said to be a scam, because I saw this coin having a very impressive growth where the highest price of $44 was ever reached, have you done research on TERRA LUNA before, why do you say terra luna is a scam?,, , but before this accident happened many people had benefited from luna, even though in the end this coin sank to zero, but at its core terra luna was not a scam from the beginning of its existence.
Down 100 % on CoinMarket Cap !! What !?!
That's what happens in the crypto market. No one ever thought that Luna could experience such an incident and cause many people or investors to suffer losses. This is a valuable lesson for all of us always to be careful choosing coins for investment because there is no guarantee that the coins will last for a long time. But who knows, Luna still has a chance to rise again after what the developer did to provide some important updates to the project. If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.
This is crypto. When you are doing wrong with your project and this can be a disaster for your project that can make the price to go to the zero easily. The crypto market was very volatility and mostly of projects already build based on the trust with the users. I would not be surprised the big project can worth zero value like this. This is not the same like the stock market. This is open market when anyone can do anything for their investment.
We must be aware of the basics of volatility in the crypto market because anything can happen unexpectedly, the Luna coin has increased drastically before the bulls so bad things have happened if the price will return to a lower price, if the team is not prepared to anticipate something that could happen outside of market analysis. Then it will be very risky investment because of you know luna is pump and dump coin at the moment, and i see a bad news something like that korean police will go to stop luna foundation. But it’s depend on you, if want to short term investment then you can invest small amount of money but never hold it for the long term then high possibility to vanish your money.
There has been a lot of bad news about Luna recently about the investigation of the case of losses from UST but until now the news has not been proven to be verified, because Do Kown is still active for the Luna V.2 program without the facts of arrest as reported in many news. So actually the news can affect Luna coins directly because its movement is very sensitive depending on the updates of any news on Twitter and Luna official group. 
Is it a good idea to buy some LUNA now??
Then it will be very risky investment because of you know luna is pump and dump coin at the moment, and i see a bad news something like that korean police will go to stop luna foundation. But it’s depend on you, if want to short term investment then you can invest small amount of money but never hold it for the long term then high possibility to vanish your money. 
I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra.
This is crypto. When you are doing wrong with your project and this can be a disaster for your project that can make the price to go to the zero easily. The crypto market was very volatility and mostly of projects already build based on the trust with the users. I would not be surprised the big project can worth zero value like this. This is not the same like the stock market. This is open market when anyone can do anything for their investment. 
...If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.
Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.
...If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.
Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.Jump to: