Topic: Is Terra Classic scam? - page 7. (Read 1214 times)
Depegging UST and LUNC at that time made the Terra ecosystem collapse because there was no fiat guarantee to support stable coins, as a result the classic Luna continued to be printed, but it wasn't a scam because you can still trade the coins. to be successful, I don't think Luna will return to the way it used to be, because some projects have moved away from the Terra ecosystem and the team has created a new Luna coin.
Is Terra Classic scam or does it have a chance of success?
Its been reformat but I doubt it will ever be as succesful as ever since its tainted its willful reputation on the entire crypto ecosystem. Many people have loss funds to their downfall last few months and they will never forget the tragedy it brings. Even some loss their life due to suicide from their losses. Now new investors would be scared enough to put some big funds on this. But if you are playing trading could do some profits from hype and technical aspect. 
The fall of their reputation is what made investors doubt their second chance. It may not be a scam but IMO it might not also go back to its old trend.
That's one of the problems when you broke the trust of your supporters. It won't be as lively as before on social media.
Don't expect too much, that's all I could recommend for those who want to support this project.
History tells when a coin drops at a certain point like what happened with Terra, it's difficult to go back even if you change the name, ticker, or say it's a different one.
That's one of the problems when you broke the trust of your supporters. It won't be as lively as before on social media.
Don't expect too much, that's all I could recommend for those who want to support this project.
History tells when a coin drops at a certain point like what happened with Terra, it's difficult to go back even if you change the name, ticker, or say it's a different one.
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
I have the tendency to think of this coin as a shitcoin, however I can understand why some people may think of it as a scam, the developers of Terra do not really have a good reputation after what happened with the original Terra and now people are not going to trust in whatever they say as they have already made promises like that before and we only have to take a look at those which trusted them before to know that doing such a thing is not a good idea, so if I were you this is a coin in which I would not waste my time. Is Terra Classic scam or does it have a chance of success?
Thank you.
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.
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
for the question whether Terra classic is a scam, i will answer Terra classic is not a scam and you can still buy it in several markets for you to use to get daily profits.Is Terra Classic scam or does it have a chance of success?
Thank you.
but if you ask whether the Terra classic will recover or when the Terra classic will be a success, i will answer we will not know if it will happen in the future. but right now my opinion the Terra classic is behind to fix the coin again. because from a few months ago after the accident on the Terra classic coin there has been no good news from the project. i mean the owner of the Terra classic hasn't tweeted anything that makes investors believe anymore
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
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
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
Is Terra Classic scam or does it have a chance of success?
Thank you.
It has been attacked but it lost the trust of its investors already so I guess it will take time for that coin to get up on what challenge they are facing, If I where you maybe you should think more if you want to invest on that coin because for what I see some people use that for pump and dump scheme so it will never be good for hyped investor to join because for sure they will be trapped just like what other investors experience there.
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
It isn't a scam. The unexpected crash that happened in the market have made people not to look Terra classic anymore. Even after the massive fall it has got the market for trading. Just because it is available in the market, no one will get into it. Terra classic isn't a scam, but the fall have made some believe it to be a planned scam.
Not a scam yet, this is just a new brand of LUNA after what happened to them and I think they are trying to go back in business which is still possible as long as they commit to provide quality service this time and a more secured project. If you are doubt with this, better to go for the best option instead of risking your money in a project like this. Personally, I’m not buying any LUNA project after the incidents, better to be more careful.
I would agree to people who said terra classis is scam after all it was created after Luna fall and these was only an alternative method to save the downfall of Luna wherein it didn't effective to save Do Kwon though. Though it has already trading activity but still it is not safe to buy those tokens because it is just a hole cover of the failure of Do Kwon.
I certainly agree as well. As for me, Terra is just their alternative because Luna failed. But since its reputation and trust rate have been ruined, I don't think its new coin is still worth investing. If you're planning to invest in altcoins, you better look for coins with better potential and are well established. Don't risk your funds on suspicious and questionable coins.
Me too, it's a scam. Team Terra didn't take any action to save luna but then they released another fork version of luna which is luna classic. The release of luna 2.0 version is not for the purpose of saving the luna community, but, rather, for the purpose of distracting investors so that they can forget about what happened with luna 1.0 version. It is nothing more than an abdication of responsibility. It is not surprising that luna classic is no longer of interest to investors and in the end it is nothing more than a scam project.
Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.
That is some optimism i must say, to be honest i'd not be that optimistic about Terra classic, the coin is basically dead and i think people need to come to grips with that, i know the more people that are trying to show believe are prolly hodling some of it and they hope there can be a pump so they make ROI, but let us be honest, the chances of that happening is pretty low, if not impossible. If you haven't got any Terra, then you would be doing yourself a favor not to get any, look elsewhere, and to other projects, but if you are tired of shitcoins altogether, then just buy Bitcoin. 
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
Is Terra Classic scam or does it have a chance of success?
Thank you.
No why would you ever put your money back into something that got annihilated. It's not going to survive. It's basically hanging around only because of people speculating in it. I'd steer clear.
Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.
Did you read the root of the cause of terra's downfall? scams are of different levels and from the look of things, you may not be able to identify one even if it stirs directly in your face.
If you don't mind my asking what experiment exactly is terrea a victim of? is Do Kwon aware of this so-called experiment? have you ever thought why Do kwon never go with the terra communnity vote for burn when he could instead went ahead to do a fork? Yeah, victim of bad experiment indeed.
Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.
Terra classic is a good coin but it was crash and totally broken. Now, it is a launch a coin which name is terra. Thier team is very solid and work hard to promote and reach their goal. In my opinion, they are trying to come back again. So, it is impossible that terra classic will scam.
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
I think the concept behind Terra, that the blockchain be built to host an algorythmic stablecoin has proven to be a flawed concept. It gets to a point to where too many UST tokens are minted and they cannot be backed or redeemed. Collateralized stablecoins like DAI are a better solution. There may however be a place in the future for a chain like Terra that hosts a fractionally backed stablecoin. Kind of like a hybrid stablecoin like FRAX. That said, I think we should move on form LUNA because now it is associated with a scammer and there are much better chains out there, like Fantom and Candle Chain. These are technically superior chains and they don't have a stigma or angry bag holders attached to them. Is Terra Classic scam or does it have a chance of success?
Thank you.
They say it's something new. But heck, they will all say the same thing whenever they need investors to come back and purchase.
First, reputation. It's gone, if not a huge chunk of investors who trusted them will remain in lay low for this kind of stuff.
They lost a lot, it's not like they could easily recover from it and trust them again in a snap of a finger.
I won't say it's a scam, but with whales not putting money in how would the value grow again? It will be difficult to see it be pumped like the first one did.
First, reputation. It's gone, if not a huge chunk of investors who trusted them will remain in lay low for this kind of stuff.
They lost a lot, it's not like they could easily recover from it and trust them again in a snap of a finger.
I won't say it's a scam, but with whales not putting money in how would the value grow again? It will be difficult to see it be pumped like the first one did.
I would agree to people who said terra classis is scam after all it was created after Luna fall and these was only an alternative method to save the downfall of Luna wherein it didn't effective to save Do Kwon though. Though it has already trading activity but still it is not safe to buy those tokens because it is just a hole cover of the failure of Do Kwon.
I certainly agree as well. As for me, Terra is just their alternative because Luna failed. But since its reputation and trust rate have been ruined, I don't think its new coin is still worth investing. If you're planning to invest in altcoins, you better look for coins with better potential and are well established. Don't risk your funds on suspicious and questionable coins.
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