Is Terra Classic scam? - page 6. | Bitcointalksearch.org

serjent05

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

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

It looks like an exit scam had happened on Terra Classic when the dev decided to fork it. Regarding the project's success, I am not taking out the opportunity of the project to become successful but since there was this bad event, I don't think that it is that huge, and it will take a very long time to fix the bad taste on Luna Classic since there are lots of investors who suffer 100% loss on this project.

Johnyz

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This is not a scam project yet but as we can see right now in the market, Terra loses so many investors and very few still trust this project, though they are active on burning the supplies I think it will still take time before we see a good progress or none at all. Better to invest on other project, TERRA is not worth it anymore and its too risky.

wallet4bitcoin

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I can't imagine traders trust Terra anymore. But, major exchanges still have good trading volumes. The previous holders lost a lot from it. I think at this time, most traders choose Terra for short term trading. Terra team are trying to recover. But Honestly, I can't believe Terra Classic can recover from here.

They renamed LUNA to LUNC and then launched LUNA again. But, previous holders still in lose.

CuriousGeorge

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I honestly think it's never gonna recover again, considering the fact that even the team has left the current luna classic instead they are starting over with the newer luna,
this coin is basically a shitcoin and you will most likely just gonna get disappointed in the long run since lack of supports could simply mean the coin hardly ever gonna recover back to its former ATH.
your best bet gonna be the new luna but that's also falling just like the luna classic

Mosharafhh

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In my opinion stay away from any types of copy of terra project because it will not very much hype because of its name every people now scared of this project so it can take profit for the short time but it will not hold long!,

smartaction

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Terra Classic and Terra company not scam yet but after attack terra company lost there many big and potential investors. So they are now not able to increase the price of their token even after hundreds of attempts. I don't know if they will be able to recover their token price again in the future but I believe that the team is still working very hard on this project. And trying to do something good again

irsada

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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 classic is no longer worth investing in in the long term, because the devs have made a new terra and are not focused on taking care of the classic terra. many people have lost their savings because of terra classic. as for now terra classic is just a pump and dump like other coim memes that only benefit whales.

zasad@

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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.

https://www.coingecko.com/en/coins/terra-luna-classic
There are a lot of these coins, the developers left the ecosystem, the main trading on the Binance exchange.
This coin has a chance to make x2-x3 or maybe more.
I think that the ecosystem is dead, but pumps and dumps from manipulators are possible.

icalical

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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 know whether it is scam or not since I don't have any proof, however I suspect the founder have something to do with their last fall, and then his respond to this fall is just creating Luna 2.0 which is a very ridiculous action and bad for Luna investor and community. I also believe that their price is highly manipulated, so anyone who are still believing in this project should move forward very carefully, and be cautious, if you are not ready to lose your money, don't buy this coin.

LogitechMouse

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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 Classic has been classified as a scam by some investors because of what happened to them months ago. Investors exploited the flaws of the system and that caused UST to de-pegged and Terra Luna's (now Terra Classic) price to plummet from near $100 to less than a penny.

Since you are asking, it has no chance of success because I believe that when a company is down, it will remain down because the trust of the people towards the developers and owners has been affected already and they would rather invest into other altcoins or just into Bitcoin than risking their money into an asset like Terra Classic. Just avoid projects that are related to Do Kwon like this one and just invest into other altcoins out there.

TastyChillySauce00

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Quote from: TomArayaSlaya on July 25, 2022, 06:39:15 PM

Scam NO Success NO I think is a defi meme coin right now Buy some plus USTC and then may try some on the terra blockchain I mean there are many dapps on the the old terra chain Try play with them and see how DEFI works

LOL, The dump that happened with terra luna already wiped out so many DEFI. Even the venture capital like 3AC can go bankrupt caused by a big loss in terra luna. How can you suggest others to use defi that built in the scam blockchain? I meant it has already proven that if the terra luna was a garbage ponzi scheme to fool people. Only stupid person will always try to buy the terra luna. There are bunch of defi in another blockchain which can be trusted.
There's no need to gambling with proven scam blockchain like terra luna. People must be smarter enough to think about that.

BuNga_cute

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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 really don't recommend investing in Terra Classic because the risk is very high investing in Terra Classic. Even though it's not a scam project,
but because of its bad reputation, the chances of Terra Classic being successful are very unlikely. I think of Terra Classic as a shitcoin that
might be at risk of becoming a scam in the future, if we learn from what happened before with LUNA. As long as the owner of Terra Classic and
the development team is still the same as LUNA, I believe there is a possibility that the bad things that happened to LUNA will happen again for
the second time. Of course, as smart investors, we should never become victims for the second time, and learn from previous mistakes by trusting
LUNA. My advice is to look for other projects that are proven to be safe than risk our money buying Terra Classic.

shinratensei_

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I guess you could say so since at this moment the luna classic has become the new shitcoin and considering how much destruction is has brought to majority of the luna classic holders since the massive crash that it incurred massive losses to their investment, it could be said that luna classic is like a scam. even though there are new luna being made, isn't enough reimbursement towards the veteran luna holders, instead it just become another shitcoin following the path of the luna classic.

dunfida

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Quote from: Xal0lex on July 26, 2022, 04:32:38 PM

The developers created Terra 2.0, and many hamsters keep dreaming that while Terra Classic has a low price, it should be bought, because it can grow in the foreseeable future. The unique thing about this situation is that the project failed miserably, bankrupting everyone it could, but people do not learn a lesson from this and keep getting into this scam in the hope of making a decent profit.

Some do make money and most likely they are the ones who would really be taking risk on putting up some funds again on that Terra 2.0 for sure and the rest would be dragged off whenever the hype is on the roof.

People never ever learn even though they had been fucked up hard in the past but still make out some considerations on making investment once again and when they experience the second time around
then this is where they do make or shout out their regrets that they shouldnt have done that but well its already too late.

Regret do always comes in the last and not on the start.

Xal0lex

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The developers created Terra 2.0, and many hamsters keep dreaming that while Terra Classic has a low price, it should be bought, because it can grow in the foreseeable future. The unique thing about this situation is that the project failed miserably, bankrupting everyone it could, but people do not learn a lesson from this and keep getting into this scam in the hope of making a decent profit.

Bitstar_coin

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it is really hard to say at this junction if terra was a planned scam from the beginning or an unexpected terrible issue that arises at a later stage, there seem to be a lot of mixed feelings among members of the crypto community regarding terra's unfortunate incidents.
Was it a scam designed by the founder from the beginning! am not sure, will it ever regain the previous trust it once had from the crypto community! absolutely not, it takes years to build a strong reputation and minutes to destroy it all.
I think among other things, the terra founder's total disregard towards the terra community's opinion makes it worse as investors completely lost the trust they had on the project and lost the little hope they had on revival.

lixer

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Quote from: DanWalker on July 26, 2022, 12:08:36 AM

The project is another version of old Luna, it is not a scam project yet, but I believe in the near future it will be. To be honest, there's no longer any motivation that can make luna classic a success. Investors have completely lost faith in the terra team, luna classic trading is still there as it is still profitable for exchanges, but it would be a bad investment if someone decided to invest in it now.

Not a scam yet? So we will need to wait before it turned into a scam before we avoid this coin? Haha I think that was not reasonable. This is why many people keeps on losing money because they never learn from their past mistakes. If we really wanted to earn then we have bitcoin and other altcoins which are proven to be legit. Can't understand till now why people like to force themselves on a coin which already known to have a bad reputation. The same with those meme coins.

A new coin meme baby doge is not different from the previous meme coin shiba inu but I guess people realize that they are doomed since those coins are seem to be quiet now.

Tony116

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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.

Basically luna classic died for luna and ust reputation. Although it is not a scam project, but you should not think to invest in it, it is dead and there is no hope of growth anymore. The lesson of luna is still there, look at the people who owned luna before, they have lost all their property and have no chance to get it back. Stay away from this project, don't expect it x100, 200, it's just your illusion.

spiker777

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it is not scam . they got attacked and their stable coin lost it's peg that caused all that disaster. they tried to revive the terra project by creating terra 2.0. but that attempts seems didn't work out how they expected or wanted.

Quote from: dansus021 on July 25, 2022, 10:16:24 PM

at first terra classic was a huge success in fact if you take a look this image below that terra is hugely invested by a big company such a binance too.

the biggest problem what happened in terra is their stablecoin that pegg to 1$ in luna.

and the answer of "will they go up?" I don't know but if they go up the price will plummet again if UST got claimed back

they already announced they'll shut down their Stablecoin called UST. so I don't think they'll work on UST anymore.

JoyMarsha

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No matter how Do Kwon tries to rebrand terra luna, it will still appear as a scam to me. He lost my trust when he refuse to adhere to the advice given to him to burn some huge amount of terra luna to stabilize its price. He only rushes to create another new token as a compensator for investors that have lost thousands of dollars, from his project gone wrong. It will be foolish of me to invest after seeing the red flags of how he duped investors.

It's so pathetic that we find ourselves midst people that are not concentrated on other people's welfare but only on their pocket

Topic: Is Terra Classic scam? - page 6. (Read 1182 times)