Is Terra Classic scam? - page 3. | Bitcointalksearch.org

Rigon

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Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?

Thank you.

Terra Luna Scam Project. It can never be good. No matter how much you call this coin good it is never good.It has played the biggest role in destroying people's lives. I don't see a bright future for it.I don't see any future of this being a success.I always blame his teams for the destruction of this project or platform.The team could have taken the project in a better position if they had wanted to but their mistakes ruined the project.

albon

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Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?

Thank you.

It does not mean that a project failed that we accuse it of scam, it was a mistake made by the Terra Luna team that led to this disaster, they did not steal anyone's money, but frankly, I doubt the success of this currency again after what happened to the investors' money, as it destroyed their hopes and the compensation plan made by its team It doesn't do anything well, it's good that Terra Classic is making headlines in the crypto media and it seems unstoppable. You make take risks in it but with risk management.

coinerer

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Quote from: spiker777 on September 08, 2022, 07:48:56 AM

Quote from: Daltonik on September 06, 2022, 02:15:19 PM

Anyway, over the past two weeks, LUNC has shown more than x4 growth, the trading volume reached $1.7 billion, this is also due to the burn protocol that started working and now burns 1.2% for each purchase/sale transaction until the offer reaches 10 billion, so the price will only grow as reducing the overall LUNC offer.

yes this burn protocol is really proved to be helpful so far. today LUNC price again pumped by 60% I know it is most likely a temperary pump and the price will drop again soon. but still I consider it a positive sign. at least this is a proof that Community and users did not abandoned LUNC yet. the devs might turn their back and launched another token. but community still loyal with LUNC.

Luna Classic prices have started to come down a bit. Luna Bunning News has caught the attention of investors. Its trading volume today was $3,474,173,009, the highest pump since the Lunar Crash. Soon the price of Luna will drop a bit. However, Luna Classic has attracted more attention from investors than Terra Luna. Hope team developers will definitely think about it. However, due to the Luna Crash allegations against them, South Korea is facing various legal challenges.

spiker777

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Quote from: Daltonik on September 06, 2022, 02:15:19 PM

Anyway, over the past two weeks, LUNC has shown more than x4 growth, the trading volume reached $1.7 billion, this is also due to the burn protocol that started working and now burns 1.2% for each purchase/sale transaction until the offer reaches 10 billion, so the price will only grow as reducing the overall LUNC offer.

yes this burn protocol is really proved to be helpful so far. today LUNC price again pumped by 60% I know it is most likely a temperary pump and the price will drop again soon. but still I consider it a positive sign. at least this is a proof that Community and users did not abandoned LUNC yet. the devs might turn their back and launched another token. but community still loyal with LUNC.

Daltonik

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Yes, you just need to wait for this whole burning mechanism to work and see how it will be implemented, but while the price is still low, you can just log in for a small amount, Terra farm with its Lunf coin when it is deployed can also give a boost, but it will be according to their roadmap in Q1 2023 after the launch of farming on Bitmart.

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Quote from: JamesDaniel90 on September 07, 2022, 05:35:25 AM

Quote from: zaki12 on September 07, 2022, 04:51:14 AM

Quote from: JamesDaniel90 on September 07, 2022, 04:31:59 AM

I gambled on this when the price was 0.00009 , only £300.

I plan on taking out half my investment when it reaches 0.0005 and let the rest ride to see what happens.

It could go back down but it could also reach 0.001 so feel it is worth the gamble holding and see what happens.

It may be a scam but those who got in at these lower prices just see it as an opportunity and worth the risk.

Luna Classic implements a new mechanism of burning 1.2% transaction tax. The application of this burn system has caused LUNC to rise continuously for the past week. Seeing these results, the Terra Classic community plans to start burning more LUNCs, but traders must remain cautious. Always monitor progress.

Apparently next week could see the price rise again due to the 1.2% transaction tax.

I have set my price alerts and will keep an eye on it.

I do not believe it will hit $1 like some are saying but $0.01 is a possibility - it may take a while though.

Nothing is impossible in the crypto world. It could go up to $1 in a few months. What more if all excenger returns lunc input. Yes definitely jumped again. At least $0.01 in a few months it could be or vice versa.
Wait for September 12, hopefully it will accrue and carry out a 1.2% burn tax on big excenger.

JamesDaniel90

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Quote from: zaki12 on September 07, 2022, 04:51:14 AM

Quote from: JamesDaniel90 on September 07, 2022, 04:31:59 AM

I gambled on this when the price was 0.00009 , only £300.

I plan on taking out half my investment when it reaches 0.0005 and let the rest ride to see what happens.

It could go back down but it could also reach 0.001 so feel it is worth the gamble holding and see what happens.

It may be a scam but those who got in at these lower prices just see it as an opportunity and worth the risk.

Luna Classic implements a new mechanism of burning 1.2% transaction tax. The application of this burn system has caused LUNC to rise continuously for the past week. Seeing these results, the Terra Classic community plans to start burning more LUNCs, but traders must remain cautious. Always monitor progress.

Apparently next week could see the price rise again due to the 1.2% transaction tax.

I have set my price alerts and will keep an eye on it.

I do not believe it will hit $1 like some are saying but $0.01 is a possibility - it may take a while though.

zaki12

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Quote from: JamesDaniel90 on September 07, 2022, 04:31:59 AM

I gambled on this when the price was 0.00009 , only £300.

I plan on taking out half my investment when it reaches 0.0005 and let the rest ride to see what happens.

It could go back down but it could also reach 0.001 so feel it is worth the gamble holding and see what happens.

It may be a scam but those who got in at these lower prices just see it as an opportunity and worth the risk.

Luna Classic implements a new mechanism of burning 1.2% transaction tax. The application of this burn system has caused LUNC to rise continuously for the past week. Seeing these results, the Terra Classic community plans to start burning more LUNCs, but traders must remain cautious. Always monitor progress.

JamesDaniel90

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I gambled on this when the price was 0.00009 , only £300.

I plan on taking out half my investment when it reaches 0.0005 and let the rest ride to see what happens.

It could go back down but it could also reach 0.001 so feel it is worth the gamble holding and see what happens.

It may be a scam but those who got in at these lower prices just see it as an opportunity and worth the risk.

mulia sabee

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I think you should stay away from projects like this if you don't want to lose your money. maybe you think this is a scam project. It may not seem to have any growth potential or future revival prospects. Terra has become a part of the past, and for those who believe in it, Terra is a wound that will never heal by his sudden fall and leaves many people disappointed with the situation.

Daltonik

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Anyway, over the past two weeks, LUNC has shown more than x4 growth, the trading volume reached $1.7 billion, this is also due to the burn protocol that started working and now burns 1.2% for each purchase/sale transaction until the offer reaches 10 billion, so the price will only grow as reducing the overall LUNC offer.

Abiky

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Quote from: Minecache on August 01, 2022, 10:54:00 AM

Buying luna classic at a low price also doesn't mean you won't be at risk in the future, because it could still fall further in price. Whales and large investment funds no longer support the project. The community exists because there are people like you who believe that just put in a small amount of money and hope the sharks will pump, then take profits but unfortunately it will not happen. Sharks will not stupidly use their money to pump and then you dump it on their heads.

After what happened with the UST stablecoin crash, Terra Classic is nothing but history. Not even the founder was able to save the project. What makes you think the LUNC token will "resurrect" after investors and traders lost confidence in it? With the path Terra has taken, I believe LUNC will become nothing more than a "meme" cryptocurrency. It will join the ranks of Dogecoin, Shiba Inu, BabyShibaInu, and the others.

I've yet to see whenever the new version of the project (Terra 2.0) will become a huge success in the long run. There are so many competitors on the market with greater ambitions than Terra itself. Without true innovation and mainstream adoption, I'm not sure Terra 2.0 will rise all the way to the moon. At least, the code is available for "anyone to play with". As long as decentralization wins, nothing else matters. Just my thoughts Grin

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Quote from: |MINER| on August 02, 2022, 04:57:14 PM

Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.

I don't understand why people still want advice on luna! Do they want to face loss by investing again? After the havoc Luna has wreaked on the cryptocurrency world, I don't think any Luna coin should be invested in. And I also think that if you invest, you should invest in a small amount for short term. But it is better to avoid investment here

Maybe because previously LUNA was a top coin, so some people still hope that Terra Classic can become a top coin in the future. Even though
it is very likely that this will not happen, what happened to LUNA has destroyed its reputation and lost the trust of many investors. So I agree with you,
we should really forget about Terra Classic and just invest in another project, because the risk is very high if investing in Terra Classic, there is
a possibility that what happened to LUNA will also happen to Terra Classic. Maybe now Terra Classic can't be said to be a scam, but it has the potential
for Terra Classic to be a scam in the future. So I also suggest avoiding investing in Terra Classic. In a bear market situation like now, it is better to
invest in top coins that have a good track record. Like ETH, BNB, ADA and SOL can be good choices for investment and more worth buying.

|MINER|

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Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.

I don't understand why people still want advice on luna! Do they want to face loss by investing again? After the havoc Luna has wreaked on the cryptocurrency world, I don't think any Luna coin should be invested in. And I also think that if you invest, you should invest in a small amount for short term. But it is better to avoid investment here

kamvreto

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Quote from: sana54210 on August 02, 2022, 02:40:08 PM

~snip~This is why I believe that we shouldn't really be worried about this case, let the people who are investing into terra classic do invest in there. If they are right then they would make a lot of money and I would be happy for them, and if they lose money I would be sad but it is not my money they lost so I wouldn't care. All in all, this is a win-win for us anyway, it is not going to upset the people who didn't invest into it.

this is certainly a personal choice for everyone who wants to invest anywhere including in terra classic. But the effects of the terra collapse impact all terra-related investments. we really can't control anyone to invest, we just need to be careful on the investments we make ourselves and warn others when the investments we make will result in losses. Remember that terra classic is not a scam, terra classic is there to replace the crashed terra v1.

Piesel

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No one will trust a coin that has crashed before, and if what happened previously is not taken care of a similar hack of huge sell-out through security vulnerabilities. So I don't think old investors of luna tokens will want to risk their investment on the new terra classic. Other people may have different opinions about this but for me I will not trust the new terra classic system

erep

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Quote from: sana54210 on August 02, 2022, 02:40:08 PM

snip
This is why I believe that we shouldn't really be worried about this case, let the people who are investing into terra classic do invest in there. If they are right then they would make a lot of money and I would be happy for them, and if they lose money I would be sad but it is not my money they lost so I wouldn't care. All in all, this is a win-win for us anyway, it is not going to upset the people who didn't invest into it.

If they decide to keep investing in Luna even though they understand the risks so we don't need to care about the next condition, my last suggestion is to stop investing in Luna because Luna has cost investors millions of dollars, if I'm not ready to lose a dollar in Luna and I will removed Luna coins from the investment list forever in my portfolio.

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Quote from: FanEagle on August 01, 2022, 05:12:01 AM

Any sort of Terra is a scam, not just the classic. Sure, something that one is a scam while the other isn't, but this isn't an ETH/ETC situation, this was a situation where people literally lost hundreds of millions of dollars and nothing like that ever kept going and be strong. Don't get me wrong there could be a lot of fools who will spent their money and keep it higher than it should be for a long time but just because they can doesn't mean that it is not a scam.

What people need to learn is that something could be a scam by the creators AND still make you money, they are not either/or situation. Will it make you money? We do not know, hopefully it would, but we know it is a scam for sure.

This is right but people realizes that they are not going to be making profit from bitcoin or ethereum that much, they could profit a little but not a big wealth. This is why many are taking a risk. Makes no sense to me why they would do such a thing but they are doing that.

This is why I believe that we shouldn't really be worried about this case, let the people who are investing into terra classic do invest in there. If they are right then they would make a lot of money and I would be happy for them, and if they lose money I would be sad but it is not my money they lost so I wouldn't care. All in all, this is a win-win for us anyway, it is not going to upset the people who didn't invest into it.

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Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?

Thank you.

Why ask for advice for a project like Terra classic? The project that people have lost millions on and the same people decided to fork another token due to their incompetency and airdrop small share to their followers and investors. I do not think it is going to be a wise move to buy project like Terra classic or anything that has to do with this project. DO KWON is currently being investigated because of the same collapse that has happened as many investors are still asking for their money. Invest in top 10 projects that are listed on the coin market cap, they are the best I will recommend for you.

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Quote from: LastKiss on August 01, 2022, 07:50:49 AM

Quote from: hack3rcon on July 25, 2022, 06:34:40 AM

Hello,
Is Terra Classic scam or does it have a chance of success?

Thank you.

Those people who invest when the price on it's high will call it a scam token but for those who invest at the bottom price will call it a chance/opportunity. It depends on which side you are, for now Terra classic still has a big community that supports the ecosystem so as long as the community is alive then Terra Classic will move on despite its bad history.

Buying luna classic at a low price also doesn't mean you won't be at risk in the future, because it could still fall further in price. Whales and large investment funds no longer support the project. The community exists because there are people like you who believe that just put in a small amount of money and hope the sharks will pump, then take profits but unfortunately it will not happen. Sharks will not stupidly use their money to pump and then you dump it on their heads.

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