Reasons why Cryptocurrency is crashing - page 2.

BuNga_cute

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Quote from: yurez on June 23, 2022, 03:10:25 AM

Quote from: hugeblack on June 22, 2022, 11:42:36 AM

In short Luna makes bad things worst.

Yes, the problems started much earlier and Luna only intensified the fall of the crypto market. Investors lost their appetite for risk due to high inflation in the US and rising food prices. The crypto-currency market follows the American stock market and positive news is not expected there yet. The situation on the market is critical and most likely it is not the bottom yet.

Actually market crashes are common in the crypto world, so this year is not the first time the crypto market has fallen quite deep.
So actually we don't need to worry too much about the current market situation, there are many factors that make the market crash.
Based on my experience of about 5 years of knowing the crypto world, price drops repeatedly occur, but the market can always
recover again. As long as we can be patient with holding good coins, and not selling the coins we have at low prices, everything will be fine.

However, I agree that what happened to LUNA made market conditions worse, so the impact of LUNA's drastic decline made many investors panic.
Because LUNA is known as top coins, some people think that investing in top coins is safe and doesn't have a big risk. It turns out that what happened
to LUNA shocked everyone, no one thought that LUNA could fall so deep, that's why investing in crypto must always be vigilant. Including investing
in Bitcoin we must always be careful, and prepare a backup plan of what actions to take if the market situation worsens. Because like what you said,
the current decline has not yet reached the lowest price, so we have to be really careful.

Thara20

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It all started with Luna-terra and that triggered the current dip of the market. All major cryptocurrencies have been the red and long-time investors might have to wait a while before they can recover their money. Crypto market is like the equity market. Has been volatile from the start. This pendulum of rising and falling started from January. With volatility comes equilibrium so the wait can take a while for long term as well as short term investors before they can reap the profits.

gunhell16

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Quote from: tjtonmoy on June 23, 2022, 03:09:05 AM

Quote from: dlightag on June 22, 2022, 04:13:02 PM

Actually Luna coin we recover it value, just a matter of time, which can take three to four years from now and nothing is impossible in cryptocurrency market, the team and developer has to burn a certain number of Luna coins for a quick recovery. Therefore Luna coin is in a good position to buy.

I don't think that will be the situation here. It's about trust. They have failed to maintain that. People will never go back to that scam again. What's done is done, and it has made a huge impact in the investor's mind. So leave the past and move on.

You're right to that matter dude, But We can't blame others who had already loss their profit in it. And I agreed also that the truet they've build
before will be hard to gain it again. But if the Do Kwon will change again the total supply from Trillions of Luna coin or LUNC possible there is a chance anyhow to recover again the trust of their investors to invest again to their own native token once more, but if not, for sure LUNA will be a dead coin in the future I guess.

Quote from: Tony116 on June 23, 2022, 12:04:54 AM

Quote from: Mr. Magkaisa on June 22, 2022, 09:13:40 AM

Will there be still a chance now for the users to recover their losses after what happened to this bad circumstances in LUNA or in the collapses of the cryptocurrency in the market?

In terms of investment, users cannot recover losses with these two projects, Luna is truly dead, and there's no way for Luna to gain investor confidence.

Legally, even if Dokwon and his teammates were found guilty and jailed, there would be no way for investors to recover their money. Governments always warn that investing in cryptocurrencies is very risky and we take full responsibility for participating and there will be no legal authority to protect us. Dokwon may have its assets confiscated, but it will be put into the national treasury instead of being returned to investors.

If that happened the luna's community investors and Do Kwon are both losser, though Do kwon will face the consequences
of what He had done just recently and their users or investors crypto assets can't able to go back again to their own wallet, but
justice has come to them something like that.

yurez

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Quote from: hugeblack on June 22, 2022, 11:42:36 AM

In short Luna makes bad things worst.

Yes, the problems started much earlier and Luna only intensified the fall of the crypto market. Investors lost their appetite for risk due to high inflation in the US and rising food prices. The crypto-currency market follows the American stock market and positive news is not expected there yet. The situation on the market is critical and most likely it is not the bottom yet.

tjtonmoy

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Quote from: dlightag on June 22, 2022, 04:13:02 PM

Actually Luna coin we recover it value, just a matter of time, which can take three to four years from now and nothing is impossible in cryptocurrency market, the team and developer has to burn a certain number of Luna coins for a quick recovery. Therefore Luna coin is in a good position to buy.

I don't think that will be the situation here. It's about trust. They have failed to maintain that. People will never go back to that scam again. What's done is done, and it has made a huge impact in the investor's mind. So leave the past and move on.

inanilujimi

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Quote from: MadeMen on June 23, 2022, 02:20:34 AM

There's is no doubt that these projects issues contributed significantly to the falling prices as the billions that were carted out affected the coin market cap and its multiplier effect coupled with the fear that is imminent on the market. One bad news has impact on the emotion of both those affected and Infact the market in general.

You're right, man, because crypto markets are actually connected to each other, even though it's time for the market to be corrected, but I never thought it could fall this far.
but I believe sooner or later the market will recover even though the bad news continues to add up every day.

MadeMen

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There's is no doubt that these projects issues contributed significantly to the falling prices as the billions that were carted out affected the coin market cap and its multiplier effect coupled with the fear that is imminent on the market. One bad news has impact on the emotion of both those affected and Infact the market in general.

South Park

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I am terrible at Fantasy Football!!!

Quote from: dlightag on June 22, 2022, 04:13:02 PM

Actually Luna coin we recover it value, just a matter of time, which can take three to four years from now and nothing is impossible in cryptocurrency market, the team and developer has to burn a certain number of Luna coins for a quick recovery. Therefore Luna coin is in a good position to buy.

I will have to disagree with you here, it is only a matter of time for luna to disappear completely, you need to understand this is a matter of trust, no one which has watched the debacle of luna will want to invest in anything which has anything to do with it regardless of the promises of the developers, this means those people which are still holding their luna have become bagholders which will never recover any money they invested in the project, and while I am sorry for them it is time they face the reality and accept the facts.

Tony116

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Quote from: Mr. Magkaisa on June 22, 2022, 09:13:40 AM

Will there be still a chance now for the users to recover their losses after what happened to this bad circumstances in LUNA or in the collapses of the cryptocurrency in the market?

In terms of investment, users cannot recover losses with these two projects, Luna is truly dead, and there's no way for Luna to gain investor confidence.

Legally, even if Dokwon and his teammates were found guilty and jailed, there would be no way for investors to recover their money. Governments always warn that investing in cryptocurrencies is very risky and we take full responsibility for participating and there will be no legal authority to protect us. Dokwon may have its assets confiscated, but it will be put into the national treasury instead of being returned to investors.

bittraffic

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Quote from: X-ray on June 22, 2022, 11:40:37 PM

LUNA was not the main reason why cryptocurrency is crashing but bitcoin does it. I meant if luna was making the situation even worst as so many people were taking short rather try to long the market. This means if the short will create panic sell that will be also pressing whole of crypto to go down to the dip. The bearish trend has been occuring since last year and i think that if those were not the correct reason to trigger the bearish trend. So far bitcoin is the thing that was creating bearish trend

The bull run was over and the bear cycle started and LUNA crash adds the pressure to sell. And there are several other issues that sounds like fud which always comes up every time there is a bear market. The prices dive bit lower. Its more of a manipulation when it happens every time which articles come out like energy efficiency and then there is also regulations discussion by law makers.

mindrust

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Interest rates go up, assets goes down. Every other excuse is just noise. Of course terra luna, sec etc are affecting the prices too but not as much as the rising interest rates. Cheap money is no more and till it comes back, bitcoin won’t go up or make a new ATH. Don’t worry though, Powell will eventually have to lower the rates because otherwise the dollar will become too strong against everything.

X-ray

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Leading Crypto Sports Betting & Casino Platform

LUNA was not the main reason why cryptocurrency is crashing but bitcoin does it. I meant if luna was making the situation even worst as so many people were taking short rather try to long the market. This means if the short will create panic sell that will be also pressing whole of crypto to go down to the dip. The bearish trend has been occuring since last year and i think that if those were not the correct reason to trigger the bearish trend. So far bitcoin is the thing that was creating bearish trend

poodle63

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Luna crash is definitely the main reason that triggered the massive correction that we just have right now. At the moment of disaster, so many altcoins actually just gets a massive correction and this results in more than 50% loss of value instantly.
This happened in the middle of the bearish market where bitcoin and most of the altcoins that gots affected also already incurred massive value downtrend.

Quote from: dlightag on June 22, 2022, 04:13:02 PM

Actually Luna coin we recover it value, just a matter of time, which can take three to four years from now and nothing is impossible in cryptocurrency market, the team and developer has to burn a certain number of Luna coins for a quick recovery. Therefore Luna coin is in a good position to buy.

Luna foundation already running out of their reserve I doubt they could ever do something meaningful without the money, the fork is like their last effort.

Desmong

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Whether the crypto market goes up or down it is normal for price to go and down and the crypto market is trying to establish that. The market can not always go bullish forever, it had to retrace and create a downward trend too. That is the law of price action. The market must balance itself to market sure that everything is in equilibrium to avoid too much bull or too much bear. The market will so go up back soon.

EmmaGod

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It's rather unfortunate that despite everything, nothing can be done about the losses that aroused as a result of the dubious impact of Luna. It's obvious that they're on investigations, but the issue may persist for a very long time and it's majorly an avenue for government to benefit from the issue.

dlightag

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Actually Luna coin we recover it value, just a matter of time, which can take three to four years from now and nothing is impossible in cryptocurrency market, the team and developer has to burn a certain number of Luna coins for a quick recovery. Therefore Luna coin is in a good position to buy.

RussianEnglishTranslation

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I think BTC crashed due to market manipulation. The only thing I can do as a shrimp is to watch out for whale splashes and accumulate when they dump the market, like they have right now. I'm currently buying more ENJ and ICP and I plan on buying more HBAR if it falls below .05.

Lagduf

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Despite those news and there might be another reason like so many whales were also taking so many loans from the various defi platforms and these are bringing so many defi into the critical situation where it has no liquidity as the liquidity and then this is putting so many defi users have no chance other than getting locked by the developers of defi. Celcius has been giving a lot of less and recently solend and various defi platforms have been facing the same problem too

hugeblack

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We cannot say that the recent collapse was caused by Luna’s problem only, but rather the market was saturated with liquidity and the investors’ need for that liquidity, so they seemed to withdraw it in a crazy way, especially since a lot of this money was pumped at lower price levels than today, and therefore all of them are profits despite the small value of these profits.

In short Luna makes bad things worst.

Celsius will not be the last, as some companies and platforms will start to realize some losses, which means that it is time to withdraw your money from them.

Morningstarr

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The bitcoin began to fall due to the diversion that was built at the top, but unfortunately, there was an uproar in Kazakhstan and due to prolonged power outages, the bitcoin could not maintain its support because the country is a major source of mining. At the same time, there were reports of a ban on bitcoins from China, but the war between Russia and Ukraine has exacerbated the falling price of bitcoins. These are all things related to the economy, not a conspiracy.

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