You know what's scary?
TRON and ADA are working on new algorithmic stable coins. Previously we had one and look what it's done, what will happen if we have double trouble? These new projects will have a serious reputation to build up, and whoever attacked UST won't sleep on new algo stables.
Topic: Is Terra Luna bringing the whole market down? - page 3. (Read 703 times)
This Terra and UST fiasco.
This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
it's not just a bear market that caused almost all coin prices to fall but now the price of LUNA has fallen unnaturally, in 2 days the price of LUNA has fallen so deeply even now the price of LUNA coins is under $1. I think this will be a disaster for them. we don't know what the developers did as if they didn't care about the coin anymore so it could fall that deep.This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
That's a total disaster and devastation for those holders that have their money mainly being held on Luna and UST. I saw a tweet from KSI that his $2.8M gone down to $1k.
That's a really sad turn down for him despite him being a lot of money, I can see how much losses he has got with it and for sure the frustration those ordinary people that have mainly invested on it.
So far they are minting crazy amounts of Luna and people are taking advantage by buying UST and getting $1 worth of Luna and then selling that to repeat the process.
The supply is growing like crazy however and this will see single digit in the cents pretty soon. When Luna value is Very low then buying UST won’t make sense anymore since they only mint like 1,000,000 per minute.
The supply is growing like crazy however and this will see single digit in the cents pretty soon. When Luna value is Very low then buying UST won’t make sense anymore since they only mint like 1,000,000 per minute.
I mean, really. There must have been some smart people out there who could have predicted this. What were they thinking? The price of LUNA is now less than half a cent on most exchanges. I think they will push it to zero before UST returns to $1. This is so bad for all holders, and also, for the whole market as well.
Terra Luna's bad image is bad, many investors think this will come out as scamers where the price drops 98% but some say this is an attack on an unknown party but this is a fact they can't maintain at the same time a stable coin, namely UST.
Some say their foundation will sell bitcoin and recover the price slowly. Will this convince investors again? It seems difficult that many have been disappointed with this coin, but for it there is none in my portfolio.
Have they not sold all of their BTC reserves already? I think it is safe to say that their mechanism has failed , regardless of whether they are able to stabilize this situation or not. They are trying things to stabilize it (https://twitter.com/terra_money/status/1524665456476712961), but I think it's too little and too late, now they would have to come with some truly drastic measures.Some say their foundation will sell bitcoin and recover the price slowly. Will this convince investors again? It seems difficult that many have been disappointed with this coin, but for it there is none in my portfolio.
LUNA won't recover to old prices as it's inflation is already way too high.
Now that my friend is getting stressed after seeing Luna's price, she looks suicidal.
Terra Luna's bad image is bad, many investors think this will come out as scamers where the price drops 98% but some say this is an attack on an unknown party but this is a fact they can't maintain at the same time a stable coin, namely UST.
Some say their foundation will sell bitcoin and recover the price slowly. Will this convince investors again? It seems difficult that many have been disappointed with this coin, but for it there is none in my portfolio.
Have they not sold all of their BTC reserves already? I think it is safe to say that their mechanism has failed , regardless of whether they are able to stabilize this situation or not. They are trying things to stabilize it (https://twitter.com/terra_money/status/1524665456476712961), but I think it's too little and too late, now they would have to come with some truly drastic measures.Some say their foundation will sell bitcoin and recover the price slowly. Will this convince investors again? It seems difficult that many have been disappointed with this coin, but for it there is none in my portfolio.
LUNA won't recover to old prices as it's inflation is already way too high.
Now the price is under half a dollar with a decline that will still occur and even some people have also assumed that Luna will die within this year and if it doesn't die, then another big increase could happen to Luna with potential that will continue to grow in the future.
UST is $0.4Terra is out now of top 100 and priced at $0.06 and it was lower a few hours ago and, is now in ranked 128. That's totally a massive lost for these two projects.
The foundation is losing a lot and people are now starting to say that this is like bitconnect 2.0. I still don't know if that's how it's going but everyone is looking at it every single minute.
Some say their foundation will sell bitcoin and recover the price slowly. Will this convince investors again? It seems difficult that many have been disappointed with this coin, but for it there is none in my portfolio.
Now the price is under half a dollar with a decline that will still occur and even some people have also assumed that Luna will die within this year and if it doesn't die, then another big increase could happen to Luna with potential that will continue to grow in the future.
UST is $0.4Terra is out now of top 100 and priced at $0.06 and it was lower a few hours ago and, is now in ranked 128. That's totally a massive lost for these two projects.
The foundation is losing a lot and people are now starting to say that this is like bitconnect 2.0. I still don't know if that's how it's going but everyone is looking at it every single minute.
Terra should announce a "haircut" on UST, making it $0.2 or so, to stabilize the situation.
(No investment adivce, do you own research)
Now the price is under half a dollar with a decline that will still occur and even some people have also assumed that Luna will die within this year and if it doesn't die, then another big increase could happen to Luna with potential that will continue to grow in the future.
UST is $0.4Terra is out now of top 100 and priced at $0.06 and it was lower a few hours ago and, is now in ranked 128. That's totally a massive lost for these two projects.
The foundation is losing a lot and people are now starting to say that this is like bitconnect 2.0. I still don't know if that's how it's going but everyone is looking at it every single minute.
This is the risk in crypto currency especially the so called algorithmic stablecoins like UST looks like they did not anticipate this one or they are still in experiment but I really hope they can still recover from this massive price crash in just 3 days, I personally bought LUNA at $16 but good thing I only spend small amount just to try, am going to hold it and see what will happens next.
Luna soon will reach $6. The only traders that buy luna are to shorting the market. bunch of guys have planned to sell their terra luna for the stable token. It's over for terra luna. This will become another bad thing to be written in the crypto book history if there was a company who collapse caused by failed to manage its product called stable token. I just wanna see how many traders are still interesting to buy this token. It's sad to see that dumping more than 75% in 3 days. What a shame
no more people will trust to LUNA , today Luna hit new low again and no buying pressure in this coin. Its become nothing now for Luna and UST , most crypto traders now short Luna till to earth not only moon again. we become witness how dark this Luna rugpull and UST, alot investors become poor man due holding Luna which is recognized as best projects.I am also very surprised by LUNA's performance, you are right now that LUNA has lost the trust of many investors. After the drastic drop in LUNA prices,
make the demand for LUNA decrease drastically, and LUNA could be a scam project. Even though I am among those who judge LUNA as a good project
and I think LUNA can promise big profits in the future. But my guess was wrong, LUNA experienced a decline of up to 98%, and such a large decline
made LUNA's reputation bad. We can also see that many investors have suffered losses due to the decline in LUNA. I think LUNA has no future with
the current downturn.
Focus on quality projects further on...
https://plcultima.com/en/ is a crypto-ecosystem including:
- cross-platform wallet app
- Visa prepaid cards
- mining rewards
- marketplace
https://twitter.com/PLCU_OFFICIAL/status/1523188228467044354
https://plcultima.com/en/ is a crypto-ecosystem including:
- cross-platform wallet app
- Visa prepaid cards
- mining rewards
- marketplace
https://twitter.com/PLCU_OFFICIAL/status/1523188228467044354
We know algorithmic stablecoins are new and risky. UST is backed by Luna, and the foundation behind Luna bought so much Bitcoin I believe they're now amongst the top 10 holders.
If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
The war of the super rich is upon us and we are affected, I also don't have much investment in the Luna Terra ecosystem, but honestly witnessing the drama stories these days, I find it very funny to the market this. Perhaps the past mistakes will be a great lesson for the hype and FOMO following the crowd. Hopefully they will not lose momentum in the market. I still think this trick will be even worse in this space next time. Not only Terra, but many other names will also suffer from similar situations like this. If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
I wanted to start a thread on Luna before I saw someone has already started it. We expect Luna holders to be feeling very bad now. The coin has fallen badly within two days and that is crazy. Its current price now is $0.07 from over $110 a month ago and it can still fall more before the end of today. Luna is a good project for me and I hope those who also trust it should not panic about what is happening to it now. They can instead buy more at its crashed price.
it's not just a bear market that caused almost all coin prices to fall but now the price of LUNA has fallen unnaturally, in 2 days the price of LUNA has fallen so deeply even now the price of LUNA coins is under $1. I think this will be a disaster for them. we don't know what the developers did as if they didn't care about the coin anymore so it could fall that deep.
Now the price is under half a dollar with a decline that will still occur and even some people have also assumed that Luna will die within this year and if it doesn't die, then another big increase could happen to Luna with potential that will continue to grow in the future. 
Luna soon will reach $6. The only traders that buy luna are to shorting the market. bunch of guys have planned to sell their terra luna for the stable token. It's over for terra luna. This will become another bad thing to be written in the crypto book history if there was a company who collapse caused by failed to manage its product called stable token. I just wanna see how many traders are still interesting to buy this token. It's sad to see that dumping more than 75% in 3 days. What a shame
no more people will trust to LUNA , today Luna hit new low again and no buying pressure in this coin. Its become nothing now for Luna and UST , most crypto traders now short Luna till to earth not only moon again. we become witness how dark this Luna rugpull and UST, alot investors become poor man due holding Luna which is recognized as best projects. This Terra and UST fiasco.
This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
it's not just a bear market that caused almost all coin prices to fall but now the price of LUNA has fallen unnaturally, in 2 days the price of LUNA has fallen so deeply even now the price of LUNA coins is under $1. I think this will be a disaster for them. we don't know what the developers did as if they didn't care about the coin anymore so it could fall that deep. This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
This Terra and UST fiasco.
This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
This truly have brought the market down as start but they're not just the whole reason why the market is down. But also there are too many reasons that have been compiled altogether so the impact is totally huge.
Just think of this time that we've officially entered the bear market and you need to be more patient at this time and you should make your plans on what actions you'll do.
We know algorithmic stablecoins are new and risky. UST is backed by Luna, and the foundation behind Luna bought so much Bitcoin I believe they're now amongst the top 10 holders.
If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
It is a combination of factors, to begin with the market was bearish and the price has gone down for some time, then luna has crashed more than 99% in a single week, since it was a popular coin and many people were losing a lot of money then I think it is to be expected that this had a tremendous effect on the market, as this gave more ammunition to those that argue that this market is just a big scam, so it is easy to see how this has scared away a great deal of investors that were here only for the money and nothing more. If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
So far they are minting crazy amounts of Luna and people are taking advantage by buying UST and getting $1 worth of Luna and then selling that to repeat the process.
The supply is growing like crazy however and this will see single digit in the cents pretty soon. When Luna value is Very low then buying UST won’t make sense anymore since they only mint like 1,000,000 per minute.
The supply is growing like crazy however and this will see single digit in the cents pretty soon. When Luna value is Very low then buying UST won’t make sense anymore since they only mint like 1,000,000 per minute.
We know algorithmic stablecoins are new and risky. UST is backed by Luna, and the foundation behind Luna bought so much Bitcoin I believe they're now amongst the top 10 holders.
If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
today your worry about ust pegged happen and luna foundation selling their bitcoin and caused bloody market.Luna and UST be main reason why bitcoin and another altcoin dumped hard. today we learn alot from Luna ,investing in top 10 coinmarket didnt guarantee our investment will safe.If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
Yes, investing in topcoins does not always save us from risk and bring a profit, Luna is a wake-up call for all of us.
Always do your research before investing, investing is risky don't put all your money in one coin and invest with the amount you are willing to lose.
I think this is the end for Luna and a lesson for projects that are looking to create their own stable coins.
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