is it possible UST recovered ? - page 6.

Bitcoin_Arena

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Quote from: Super Protocol on May 16, 2022, 06:48:31 AM

If a large fund will invest

How exactly will they do that?

They are now broke after Luna foundation guard tried dumping lots of Bitcoin, USDC and USDT to save their stablecoin

Out of the 80,000 BTC they held, they now have only 313 Bitcoins left Grin

Read here, and you will see that there is no coming back for UST - https://www.coindesk.com/business/2022/05/16/luna-foundation-guard-left-with-313-bitcoin-after-ust-crash/

jossiel

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No hope.

Sorry for those UST holders especially those that have trusted it and staked to those platforms where it's earning a huge interest APY. It's now decided by Do Kwon.

They'll release a new token and that seems to be the signal for everyone who's still putting their trust on its recovery plan.

Ziskinberg

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

is it possible UST recovered ?

Don't expect immediate recovery, the market had suffering huge decline and most of these stablecoins are been too affected, they are making close to zero.
Might the recovery come but this will happen first to Bitcoin and in some altcoins.
Well, I know that everyone is hoping for recovery, not just for stablecoins but for the entire crypto market. It indeed will come, however, to know when it really uncertain. That is why I encourage you to just stay calm, have some faith, and let the time come. Maybe you have to spare time out from crypto in order to keep yourselves not worried about your investment.

Super Protocol

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

is it possible UST recovered ?

If a large fund will invest

teramit

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no

FairUser

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I no longer have any faith in it, and of course, what I am interested in now is to see if they will correct those mistakes. I have come across a number of proposals regarding compensating those who have suffered damages with UST. https://twitter.com/PersianCapital/status/1525226161944506368 And I'm also very supportive of this, even Vitalik mentioned it.

Quote

Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20% interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy.

And now it's time for everyone to soon see the exposure of the risks and tricks in this space. This is probably one of the great lessons for us in this market. Dangerous things are always lurking and stealing people's assets.

Fakhrulenclix

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

is it possible UST recovered ?

stablecoins that have been destroyed, they are now $0.1 i think there is no possibility of them anymore, they will disappear soon. nothing to expect anymore when the developers are not making any more efforts to save this coin.

cdog

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Quote from: evichi on May 15, 2022, 06:57:54 PM

The LUNA algorithm failed and recovery will be difficult. Even when Binance wanted to liaise with them, the LUNA team failed to communicate with Binance. This is really a dent to the crypto space and raised fears on cryptocurrency especially for newbies in the crypto space. As at today UST is $0.1794. With such price, I think recovery will be difficult for UST.

The Luna team should have responded to what CZ suggested because it was the best solution offered to solve a big problem, Luna's team should position itself as a part that requires great support from experienced people to revive Luna's project from big losses of investors.

o48o

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

is it possible UST recovered ?

Your only hope for getting some dollars from that is to buy that and hope you can get into class action lawsuit and that Do Kwon has money to pay anything. But that's more of a hassle to me as it would take ages and i am not sure if they would accepted people who are buying now.

Gayong88

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

is it possible UST recovered ?

I think maybe UST could recover, but it would take time because there are so many variables involved in the UST story that it's impossible to accurately gauge where things are right now or what the future holds.

If you look at the current market conditions, UST is still holding on to its support line. In my opinion, if this support line is broken at $0.0372, UST will fall quickly. But if it holds, then an upward move could become a possibility again.

Hopefully there's some light at the end of the tunnel but not sure in this case whether a full UST recovery is possible.

bakasabo

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There is no interest from UST to recover it. A lot of people has already migrated to other stable coins. As soon as recovery process started and price starts to improve, those who still hold UST for some reason, will dump it as quick as possible and make price even lower. UST will have to recover from two reputation fails. Even if UST recovers, it has so bad reputation, that people will avoid it. People would be back, if only this stable would be worth more than 1 dollar. That is unprofitable for UST, and that goes across the meaning of a stable coin.

evichi

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The LUNA algorithm failed and recovery will be difficult. Even when Binance wanted to liaise with them, the LUNA team failed to communicate with Binance. This is really a dent to the crypto space and raised fears on cryptocurrency especially for newbies in the crypto space. As at today UST is $0.1794. With such price, I think recovery will be difficult for UST.

TastyChillySauce00

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It's not possible. UST is dead even the new proposal said UST holders will be refunded use USDC which means UST will never peg to the $1 again. This token is dead and nothing left to the holders. Bunch of holders are getting scammed by this scam stable token.Some people didn't even learn from the story about UST and luna. These people keep bought garbage UST and luna which were dumping so hard until both have no value. You hope with luna is ended here.
This will never recover even when some holders got refunded. This mechanism has become the worst thing in the crypto

WalkerIVIV

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if do kwon have the amount of reserved fund equal to the total supply of UST in 1:1 ration then it’s possible otherwise it’s day dreaming because many of UST holders
has lost confidence they might as well switch over to something like “real” stablecoin like USDT, USDC and the likes staying faithful with UST is just wasting your time
and getting UST back to its $1 value is no easy thing unless do kwon has billions of dollars in his posession that surpass UST total supply.

Jaered

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I think Do Kwoon(hope I got the name right) and his team of Luna Foundation Group are running helter skelter. The recovery plans seems not to be working at short term at least. I think they need to show us where the bitcoin reserve is

Bitcoin_Arena

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Quote from: The Sceptical Chymist on May 14, 2022, 04:23:21 AM

have seen the arrogance of UST's apparent leader (the Asian guy; can't recall his name), it's little wonder that the whole fucking thing turned into a giant disaster.

He's called Do Kwon Grin

Most people got Kwonned (No pun intended) during the Luna shitshow and I hope they learned a lesson from it

They are the same click of scammers and shitcoin pumpers... Another one is Justin Sun, owner of Tron network. Apparently he was also in the process of creating his own stablecoin USDD which uses the same principle as UST. Fucking modern day Ponzi scheme jerks!

crzy

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

is it possible UST recovered ?

The hype most probably telling people that it can still recover but it looks like their plan is not working and not a good idea. Releasing another token can’t help this to rise in value, so think this is a total mess and too risky to ride again. If you’re into UST and still want to make money in short then you can buy this for a little money and just hold since there’s a chance but no that high so better not to expect too much from this.

sana54210

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Quote from: LogitechMouse on May 14, 2022, 04:56:47 AM

I believe that anything is possible crypto and same goes with UST and LUNA as well.
However what is the percentage of the project to recover. For me, its 0.00000001%. The developers need to do two things to have a higher chance of recovering
1. Have a recovery plan for their project
2. Gaining the trust again of the investors.

The first one is on its way but the second one is the hardest part because of what happened to them. The de-pegging of UST caused so much trouble to all stablecoins and spread doubts to the investors. Well, I'm not expecting for the project to recover especially with that huge supply of 7 Trillion. The trust of investors to this project is gone already.

I do not believe that "anything is possible" is a great approach for crypto, I mean sure we could see realistic but also very high volatility, but if something goes from 80 bucks and more to suddenly drop under 1 cent then there is no way that it could be recovering. Sure, there could be some situation where the price could go back up a bit, like going from 1 satoshi to 200 satoshi looks like a 200x increase and could you make money that way? Maybe?

But at the same time, I have to say that it is a rare situation to be in and I doubt that it would be that simple, it would take a while before we could see the team recover it and would be approached with some doubt.

hugeblack

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

is it possible UST recovered ?

The question is what will currency developers/investors/POS benefit from returning that currency to $1.
Reputation and trust are necessary in this market and this trust is difficult to restore.
Therefore, there is no economic feasibility in burning millions of dollars and bringing this currency back to the $1 barrier, because it is difficult to find someone who trusts them in huge amounts.

Tony116

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UST is backed by Luna, if DoKwon and his team can get luna back to the top, UST will recover but this possibility is very low because investors' confidence is lost. Can't imagine a coin in the top 10 of CMC in just 3 days has lost 100% of its value, this will be an unforgettable history for the crypto market. Luna is really dead.

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