Topic: Luna Crashed! (Read 252 times)
it can't be denied that in the last few weeks terra luna has been declining, and it's not certain what caused terra to fall so deep as it is now, but for now i still maintain my assets and hope that in the next few years terra can grow again and the price has increased again, but I think that at this time the development team will not give up and will not stop fighting to improve the quality and investor confidence in Terra.
I was inclined to think that Luna will recover but not anymore after I have known the possible plan of its CEO to fork Luna. Although the plan suggests an airdrop for holders, that move remove trust in the existing Luna market. Terra CEO should have listened to CZ in order for the current Terra problem to be solved and strenthen the trust of the Terra Investors.
I think they have their own options before deciding to consider outside advice, so I'm sure they will eventually listen to CZ for the best advice as he is very experienced in crypto and the terra team despite following that advice.What the team did are all wrong they should listen to Binance's CZ when he asked them to stop or halt the chain, now they are dealing with a very huge supply, if they have stopped it in the first place they will not be dealing with a very huge amount over 6 trillion, any other plans will not work they are dealing with a very huge mistake that they've made, its time for Do kwon to step down and he will be prosecuted for many thinks is a huge failure based on their bad decision.
I was inclined to think that Luna will recover but not anymore after I have known the possible plan of its CEO to fork Luna. Although the plan suggests an airdrop for holders, that move remove trust in the existing Luna market. Terra CEO should have listened to CZ in order for the current Terra problem to be solved and strenthen the trust of the Terra Investors.
I think they have their own options before deciding to consider outside advice, so I'm sure they will eventually listen to CZ for the best advice as he is very experienced in crypto and the terra team despite following that advice. 
The Luna case make me fear about ETH 2.0, which is comming soon ...
They are two different scenarios and different developers so I think you are worrying for nothing.
Luna crashed was beyond limit, costs hodlers to lose there Money. The dump was the number one thing that trend in the market for straight one week. Although, people were still bagging the coin despite the serious dump of the coin. One thing I know for sure that, the coin will still retraced back to it's normal price but it will take time because people behind the projects will have to put in more efforts to make it a solid one. Whales in the space have already bagged enough of the coins, everyone who bagged the coins in the dip, is still waiting for the coin to pumped back, others have even zero mind that they would leave their Luna for a space it 1-2 years.
I was inclined to think that Luna will recover but not anymore after I have known the possible plan of its CEO to fork Luna. Although the plan suggests an airdrop for holders, that move remove trust in the existing Luna market. Terra CEO should have listened to CZ in order for the current Terra problem to be solved and strenthen the trust of the Terra Investors.
surprising the world of luna tokens can drop drastically many who hold luna tokens are disappointed and they are discouraged because they lost a lot of money, will the luna tokens recover as before?
Luna crashed was beyond limit, costs hodlers to lose there Money. The dump was the number one thing that trend in the market for straight one week. Although, people were still bagging the coin despite the serious dump of the coin. One thing I know for sure that, the coin will still retraced back to it's normal price but it will take time because people behind the projects will have to put in more efforts to make it a solid one. Whales in the space have already bagged enough of the coins, everyone who bagged the coins in the dip, is still waiting for the coin to pumped back, others have even zero mind that they would leave their Luna for a space it 1-2 years. 
surprising the world of luna tokens can drop drastically many who hold luna tokens are disappointed and they are discouraged because they lost a lot of money, will the luna tokens recover as before?
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Until now, i still can't imagine that a very good token end up being worthless in the end. But this is what investments are. They don't hold guarantees that they will forever be profitable. So sorry to hear for all those suicidal cases, i think they never want to do it but the situation pushed them to do so. I don't know if Luna can still recover, but maybe we should start investing only on the amount we can afford to lose. Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
The Luna case make me fear about ETH 2.0, which is comming soon ...
What could ever be the connection between the two? Luna crashed because they had a system where they had a coin, which backed a pegged UST and when people started to depeg their UST, they started to use their reserves for bitcoin and any other coin, and when that wasn't enough they printed probably trillions of Luna and used that to keep it pegged which they still failed.So, their coin which used to worth 80+ dollars just a week or so ago ended up not being worth anything at all. This is the difference and I do not think that it should be really that much of a problem to ETH because there is absolutely nothing similar going on with ETH 2.0 at all.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
In my opinion, Luna will likely recover but not anytime soon. Everyone wanted to know what caused a project like this to fail so badly. yes. today Luna went down very drastically looking like a classic story that broke trust and whatever remains, if you have invested in Luna then be patient but If not, reinvest in a safer project. because we never know what will happen tomorrow.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Haven't heard of someone committing suicide let alone a dozen? What is that a genocide? Lol.
With that large supply, I can say It would be really hard for Luna to recover. I might not say that it's already dead coz the team is still working to fix everything. Yes, there is a chance but that chances are very slim now. That also depends on what will the team come up with that helps their project at least recover a little bit and start from there.
But, right now Luna has been considered dead, though there were still a lot of people buying Luna in hopes for a recovery.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Luna and Ust will never recover, this project is dead. there is no way to save this project even if they want to burn luna and ust, investors' trust has already been lost. when the trust has disappeared there are no more investors who want to buy/hold. So I guess Luna doesn't have any hope anymore.
The Luna case make me fear about ETH 2.0, which is comming soon ...
After the massive meltdown that is happening to Luna at the moment, I think it will be very difficult or almost impossible for the project to experience immediate recovery, although the project developers will make recovery efforts, but this will not make investors believe in Luna coins again because as we have seen with several other shitcoins when a crash occurs then a lot of people or investors just walk away.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
I doubt that it will recover soon, history tells us that if a altcoin (shitcoin) reputation has been damage, either by rug pull, a lawsuit by SEC (you can make an argument against XRP) or any other things, it will be hard to recover.
And as we can see in Luna's case, this seems to be pre-meditated and might have been plan after all, just saying. So can you trust the person behind all of this or their projects in the future?
Quote
Real or Fake?
The fake news story about Luna Coin crashing and causing suicides is completely unrealistic. There are no statistical data to back up this claim, which means it can’t be true – even though some people believe otherwise!
The news of “8 Confirmed Suicides due to Luna Coin Crash” went viral on Social Media. The story initially started popping up in Pakistani-based media outlets and then made its way onto major Crypto-related Twitter handles – though many have called out these accounts for reporting fake information as they were never able to confirm any such thing happening at all!
Media outlets all over the world were alerted to this controversial story when a Twitter handle claiming ownership of Luna Coin released a statement on their website that eight people had killed themselves due to its recent plunge in value. The first source for viral claims found among those who believed it was legitimate? A Pakistani user @republicdotpk with more than 10 thousand followers!
8 Confirmed Suicide Due to the $Luna Crash. Why Luna Crashed? Truth & Reason ExplainedThe fake news story about Luna Coin crashing and causing suicides is completely unrealistic. There are no statistical data to back up this claim, which means it can’t be true – even though some people believe otherwise!
The news of “8 Confirmed Suicides due to Luna Coin Crash” went viral on Social Media. The story initially started popping up in Pakistani-based media outlets and then made its way onto major Crypto-related Twitter handles – though many have called out these accounts for reporting fake information as they were never able to confirm any such thing happening at all!
Media outlets all over the world were alerted to this controversial story when a Twitter handle claiming ownership of Luna Coin released a statement on their website that eight people had killed themselves due to its recent plunge in value. The first source for viral claims found among those who believed it was legitimate? A Pakistani user @republicdotpk with more than 10 thousand followers!
There are no confirmations anyone has suicided because of LUNA crash. So far, the only one to have died on this story is LUNA itself. News and social media profiles telling the opposite are just trying to profit income and popularity through clickbait and fake news.
About LUNA's recovery I'm not sure, because it seems the ecosystem doesn't work at all. Stablecoins must be attached to fiat currencies instead of cryptocurrencies to maintain stability in price while keeping the environment safest as possible for investors.
Anyway, Terra's CEO has come to his twitter saying there is an action plan which consists in "deploying $1.5 billion in capital – in BTC and in UST – to defend the peg".
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident.
realy? Probably they put all their savings in luna and become hopeless coz of the situation which is reason they committed suicide. I hope you all guys stay calm and relax! Infact luna is a legitimate project so for sure they will make a way to fix the problem. And stop wasting your lives coz of as long as you didn't sell you still have a chance to recover all losses. Just keep believing and don't lose hope. 
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
That's why we need to take care of ourselves when it comes to money decision-making because this is not a joke and some people turn out to be using their own savings to invest thinking that it might get doubled in a week and guess what? it turned out to be worthless and shits. I pity those people who ended their life just because of wrong decisions, they could have regained back the money and used their experience to not fall into such kind of trap again in the future.
6.5 Trillion $LUNA are already minted, with 2 Billion UST still to be redeemed for $1 USD worth of $LUNA each. You're looking at Quadrillions of $LUNA eventually.
Its worthless.
Its worthless.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
This is an unfortunate situation in the crypto space. I pray this situation does not repeat itself again. According to binance LUNA algorithm failed leading to de-pegging from USD. At the moment, IMO recovery depends on the team and what lead to the de-pegging. If the team mean well for the investors they can make some concerted effort to recover. When the unfortunate incidence happened, Binance communicated to LUNA team, but there was not response from LUNA team, thereby making it difficult for Binance to take some steps that may have helped the situation. At the moment, I am yet to hear any news from LUNA team what went wrong and the chances of recovery. LUNA recovery will depend largely on their decision.
As regards those who lost their assets on the LUNA and UST investment, I will advise no one should hurt himself or herself. I always believe that once there is life, there is hope. Secondly, it has been discussed in this platform a number of times that you should always invest what you can afford to loose. This is one one the most important investment adage that should not be ignored.
As regards those who lost their assets on the LUNA and UST investment, I will advise no one should hurt himself or herself. I always believe that once there is life, there is hope. Secondly, it has been discussed in this platform a number of times that you should always invest what you can afford to loose. This is one one the most important investment adage that should not be ignored.
This will never recover again. Too many stupid people are only thinking this shit scam coin will recover while the fact said the opposite thing like luna has become one of the worst thing in the crypto history. This is even worst compared with bitconnect.
so many people are loosing their money and they can get only small refund for their investment. this is sad but so many new poor guy has come caused by luna.
This coin is destroying anyone's dream. Scamming bunch of people with its unstable algoritmic non stable token
so many people are loosing their money and they can get only small refund for their investment. this is sad but so many new poor guy has come caused by luna.
This coin is destroying anyone's dream. Scamming bunch of people with its unstable algoritmic non stable token
Do you think Luna can still recover from this price menace?
luna is not to be loved anymore, the losses suffered by investors are very painful and I think luna takes a long time to win the hearts of investors before the price returns to the original before the incident
And that's if there are still people who want to invest funds in Luna
whom do take risk or do love to play with fire with LUNA on the current value that it has.So its a personal choice and risk taking whether you do still consider on making out investment on this one
or would totally ignore because of that obvious pump and dump scheme i should say plus having that 9T overall supply isnt something that you could ignore on.
the total supply of luna already inflated so much, regaining its former price would be such a difficult thing to do unless it could somehow surpass the market capitalization of bitcoin, even their proposal of creating new altcoin based from their luna snapshot could also hardly bring any success since lets be frank, here, how many of you gonna trusts a founder of coin that went literally from hundreds of dollars to zero in just a matter of a day, I bet so many of you gonna be careful in investing into such altcoin coming from the same founder.
I think luna is pretty much done for.
I've heard a lot of rumors about the burning system of LUNA, I'm not pretty sure about this one but I'm remain hopeful since I was able to buy at the bottom and still have some profit as of the moment. If LUNA are able to burn huge number of their supplies and this revival plan becomes a successful, there's a chance for at least a $1 with LUNA, maybe before the year end especially if the whole cryptomarket recovers. I think luna is pretty much done for.
Do you think Luna can still recover from this price menace?
luna is not to be loved anymore, the losses suffered by investors are very painful and I think luna takes a long time to win the hearts of investors before the price returns to the original before the incident
And that's if there are still people who want to invest funds in Luna
the total supply of luna already inflated so much, regaining its former price would be such a difficult thing to do unless it could somehow surpass the market capitalization of bitcoin, even their proposal of creating new altcoin based from their luna snapshot could also hardly bring any success since lets be frank, here, how many of you gonna trusts a founder of coin that went literally from hundreds of dollars to zero in just a matter of a day, I bet so many of you gonna be careful in investing into such altcoin coming from the same founder.
I think luna is pretty much done for.
I think luna is pretty much done for.
I don't don't get what recoveryis a can recover anything from hoe event as most if those at the beginning that gave them in the market to see their clawing government
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
I'm also surprised on what happen to Luna to since they are one of the top coins I looking up to and its really sad to see money burned for many investors due to this situation happen to them. I wonder what Do Kwon do some counteraction on this.
Also the reported suicides are fake base on this article https://www.thereportertimes.com/technology/fake-suicide-news-went-viral-after-terra-luna-coin-crash/ so best not to believe what you read on internet without any proof.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Luna didn't just crashed, it actually evaporated and it's gone. DO not imagine for a second that it will ever recover, reality is that it's fully gone and will never recover. We have seen death of a coin, and it was always known. Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Anyone who has invested into any other algorithm stablecoin before would know that the system doesn't work, sure the "logic" of it may look solid, but if you use enough money then you could take all of their money and make their stablecoin go down, so the algo fails when put more money than the system has against it. If you knew this, you would have stayed away from it and that is what I did, I learned my lesson a year ago, so this wasn't new.
Do you think Luna can still recover from this price menace?
Only if people are stupid enough to fall for it again.Altcoins, ICOs, Forkcoins, "stable" coins, Defis and NFTs
Heard the news and bought yesterday around $0.1 but now the price is way more lower than what I expected. I haven't heard the news that dozens of people are killing themselves because of this crash, can you send some links? Many people's lives are destroyed in less than a day. I see some famous social media user bought $2M of LUNA as an investment but right now his current asset in LUNA is $1,000 but it goes lower as of now so I think it is lower than $1,000.
Well the whole system failed (who would have thought 
), but maybe there are ways to rollback the blockchain. Still Im not very optimistic with the whole project. I think everybody has to decide themselves because you can't know how the developers react, which is kind of the whole problem from the beginning.
), but maybe there are ways to rollback the blockchain. Still Im not very optimistic with the whole project. I think everybody has to decide themselves because you can't know how the developers react, which is kind of the whole problem from the beginning.
It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
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