is it possible UST recovered ? | Bitcointalksearch.org

Sayeds56

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Quote from: NicNacCoin on June 01, 2022, 01:40:58 PM

Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

As much as there was hope for recovery, but seeing the current market, that hope has been exhausted.Many thought Luna 2.0 would be pumping a lot in the market after the hope that those who have been damaged will recover.But whenever the market started trading, the market started dumping and did not go up.And maybe the market won't grow and the UST won't recover.

There is very little chance for UST to recover given the current bearish scenario of crypto market which is causing flight of capital from crypto market, hence it is not conducive for early recovery. A well as Luna crash was so fast and so huge that it has diminished hopes of an early recovery unless Luna foundation gets huge funding from big investors which is unlikely to happen . I think market will remain bearish for many months to come due to rising inflation all over the world.

Rasa nanas

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Quote from: JahriMeayer on June 09, 2022, 02:29:18 PM

A stable coin which was $1, now become turns into less than cents, so how could it make sense to expecting recovery? It won't possible cause supply increase 1000 times more and people already left ust with rest of their money. Some people take risk for trading due to it is pumping and dumping like others shitcoins but wise people will not use it. Besides Team Doesn't sound to have any intention about ust process. So no chance ust will recover.

the total supply of LUNA clasic has grown drastically and the price of LUNA clasic is also under 0.00 at the moment, so it's no wonder that most people treat this coin like a meme coin. not being able to keep the UST price at $1 was the team's biggest mistake and for now I just hope the price of the new LUNA continues to rise and provide a big return to cover the losses in the LUNA classic.

bitkanu

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Quote from: Godday on June 01, 2022, 09:41:34 AM

I don't see any possibility for UST to recover considering what happened was a very bad crash. My point is how does the development team come up with a strategy to get back investors' trust after what has happened?

they literally just abandon the UST, and forked the LUNA thinking they could miraculously recover anyone from their loss from the classic luna, alas it has become such disappointment because even the new luna is getting corrected big time,
so there's basically no saving for the luna classic and the UST, it seems the LFG has ran out of the reserve too, because they have made mistake hastily trying to keep the value of UST around $1 but they couldn't even did that.

JahriMeayer

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A stable coin which was $1, now become turns into less than cents, so how could it make sense to expecting recovery? It won't possible cause supply increase 1000 times more and people already left ust with rest of their money. Some people take risk for trading due to it is pumping and dumping like others shitcoins but wise people will not use it. Besides Team Doesn't sound to have any intention about ust process. So no chance ust will recover.

wiss19

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TL;DR, sorry if someone has answered it already but I have a few reasons why I feel UST will never recover.

1- Do Kwon never gave any ideas about recovering UST apart from hollow tweets when it was dropping by saying they are busy implementing a plan. It was all rubbish.

2- They minted more and more Luna which shows they have no reserve left.

3- They created LUNA 2 but they have no plans for UST apart from just airdropping new tokens to the UST holders which doesn't compensate anywhere close to what people lost.

NicNacCoin

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Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

As much as there was hope for recovery, but seeing the current market, that hope has been exhausted.Many thought Luna 2.0 would be pumping a lot in the market after the hope that those who have been damaged will recover.But whenever the market started trading, the market started dumping and did not go up.And maybe the market won't grow and the UST won't recover.

alisonwonder

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Quote from: Sayeds56 on June 01, 2022, 10:46:18 AM

True. The Luna crash was so fast and so huge that people could not even get chance to sell their holdings and lost their life savings and this incident triggered selling in all crypto projects so how can one expect that Luna projects will ever regain their value.

There is no hope for UST to rise from the bad even for LUNC and LUNA, these three are not investment coins of choice and are not recommended, I will avoid those three coins because everyone has lost their entire life savings to the point that it has cost many investors, so no hope of recovery the price of the three coins and will likely be included on the list of sh*tcoins.

Sayeds56

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Quote from: Godday on June 01, 2022, 09:41:34 AM

I don't see any possibility for UST to recover considering what happened was a very bad crash. My point is how does the development team come up with a strategy to get back investors' trust after what has happened?

True. The Luna crash was so fast and so huge that people could not even get chance to sell their holdings and lost their life savings and this incident triggered selling in all crypto projects so how can one expect that Luna projects will ever regain their value. It is better to invest in Bitcoin and Ethereum becuase their always not only breal their previous ATH but also make new ATH. History of crypto has proved it again and again.

inanilujimi

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Ust has become a shitcoin now, there is no need to expect it to return to its proper price because now ust has been abandoned by the developer. I feel lucky never to have held this pesky token.

Godday

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I don't see any possibility for UST to recover considering what happened was a very bad crash. My point is how does the development team come up with a strategy to get back investors' trust after what has happened?

Dr.Osh

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Quote from: Sayeds56 on June 01, 2022, 02:30:07 AM

Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

Not at all. There is not even remote possibility of its recovery because Luna foundation has lost confidence of investors which is very important for any business to keep running. UST was based on algorithmic based mechanism which failed to work and ultimately collapsed becuase it was not backed by Fiat currency.The lesson we learned from this crash is that any stable coin which is not fully supported by Fiat dollars or Euros is vulnerable to crash like UST.

In addition, currently the CEO of LUNA is focusing on developing LUNA 2.0 which is currently not even fully developed. even LUNA has become LUNC to distinguish the new and old Luna. It's very difficult for the CEO of a project to develop 2 different projects. While it is possible to repair the UST, it costs a lot of money. besides, instead of fixing it, the CEO of LUNA could develop UST 2.0 or something. however, there is currently no good sign of UST development at this time.

RussianEnglishTranslation

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Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

I think at this point the only thing we can do is sell our v1 and v2 and move on to other chains like NEAR, Celo, and ICP. Those projects are aligned with Davos and the WEF and are proven to be legit.

Sayeds56

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Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

Not at all. There is not even remote possibility of its recovery because Luna foundation has lost confidence of investors which is very important for any business to keep running. UST was based on algorithmic based mechanism which failed to work and ultimately collapsed becuase it was not backed by Fiat currency.The lesson we learned from this crash is that any stable coin which is not fully supported by Fiat dollars or Euros is vulnerable to crash like UST.

savetheFORUM

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Quote from: funteki on May 26, 2022, 11:45:27 PM

Quote from: montana25 on May 13, 2022, 08:52:31 AM

is it possible UST recovered ?

there is no chance to recover for a stable coin which is 0.05 rn

Even lower now unless it has been pumped as I stopped tracking its price. I have lost my faith in stablecoins from here and I would rather keep my money in fiat and banks rather than in stablecoins because the growth possibility is zero while the loss is 100% as proved by UST.

There are rumours that even USDT is under the radar now for hackers and there might be some attacks on tether in the coming days.

Whether that's true or not I don't care but one thing is certain and that is - Stablecoins will never be the same again after what happened with ust. If any stablecoin I am going to use in future and that too for trading not savings, it will be either BUSD or USDC because they are both known exchanges and have some credibility.

panduryk

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No, and again no. Ppl loose a lot of money with UST, and im think they are so greedy to up the price for 1usd, every new high price will receive a lot of dump by ppl and hamster, one of them wanna return their investment other wanna be rich but nothing to do. Im think nothing can help ust to return.

Dessy88

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No way for now even you should forget ust. Do you know luna 2.0 live now but i don't think it will good happiness for old luna holders. There are many investors who are mad about luna and secondly they are not claiming. anyway if can manage some new investors of luna 2.0 successful launching then project can continue but not possible to recovery word.

Samurai trieng

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I think all coins that have strong fundamentals will recover when the crypto market returns to normal, but there is very little chance of a stable coin recovering below $0.05, but in crypto anything can happen, let's wait and see what happens with UST in the future, but I am very optimistic that the stable coin will increase again during the upcoming bullrun,

Furious 7

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Technically, when you see that a managed project does not have the principle of trust in terms of the project and its development, then what can be maintained for that matter.
I personally don't think there is a right way to save this coin even though it is indeed called a stable coin and there are still many who still hope that this will return to the way it was but this is something that is very difficult and even tends to be impossible to return

makishart

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Quote from: funteki on May 26, 2022, 11:45:27 PM

there is no chance to recover for a stable coin which is 0.05 rn

Only true believers of UST that will think if this has a chance to recovery. yeah the UST holders already recovered some through selling their new token from the luna airdrop. Im sure that some people able to recover at least less than 50% from their investment but yeah that's better rather than get nothing from their holding. The rest will become the true losers caused by they will not able to get the hardfork coin again.

lixer

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Quote from: bittraffic on May 26, 2022, 03:31:58 AM

What would they use as stablecoin in Luna v2? I did read some users talking that they will be using USDT as reserve to peg their stablecoin. Is it confirmed?

They are about to start it, I am thinking of getting in even just worth alittle amount grabbing 100K LUNA for the snap. If the price of v2 will be like $1, that's a very good profit. Its the possibility of it going to a $ will be doubted by many of the speculator.

I would guess that if you are getting anything from the snap then it's fine and sell it and move on. However, reality is that nothing will make it recover and it will always be a shitty thing and it will never recovering ever again. I believe that UST and Luna are fully gone and it will not recover. They can do all the snapshot, all the rollback, all the things they want to do and it will never recover because the idea is gone.

Coins itself could recover magically today, even in that situation it will go back down. When you lose peoples approval, there are no methods that you could comeback, there are just thousands of other coins they could invest, why care about Luna.

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