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Topic: Reasons why Cryptocurrency is crashing (Read 395 times)

hero member
Activity: 2366
Merit: 504
July 05, 2022, 09:42:36 AM
#42
The global market was starting to collapse too. Stock market was also declining so hard and since so many institutional investors were coming to the bitcoin and that was making bitcoin and crypto market tied with the stock market as well. So many global companies are also going down due to the inflation, crisis and so many bad things that came at the same time. LUNA has become one of reason that makes crypto investors are feeling worry to invest in the crypto. SO many reasons that were supporting the market to crash
jr. member
Activity: 840
Merit: 6
July 05, 2022, 07:17:38 AM
#41
Sometimes it is very difficult to invest in this market or such Because any time large sums of money are not reliable or stable over a long period of time and there has to be a way to combine blockchain with artificial intelligence or the decentralized world will collapse in front of the people who follow it. The truth of the matter is, that cryptocurrencies will always have risks. It doesn't matter how big it becomes or how mainstream it becomes, and that's just how it is. No security system is perfect, so there will always be people trying to deceive others by any means necessary

However, I believe that in the future artificial intelligence and technology will be used to create many better projects.
I hear you that it is very difficult to choose your investments but I haven't come to the same conclusion as you that AI should create projects or choose which ones to invest in. All you have to do is a little bit of research and you will find that the best investments are:

XRP- all the money
XLM- CBDCs and remittance
0xMR- privacy on Ethereum
ICP- Converts Web2 to Web3
UTNP- Swift replacement

sr. member
Activity: 1610
Merit: 294
www.licx.io
June 30, 2022, 03:10:20 AM
#40
Sometimes it is very difficult to invest in this market or such Because any time large sums of money are not reliable or stable over a long period of time and there has to be a way to combine blockchain with artificial intelligence or the decentralized world will collapse in front of the people who follow it. The truth of the matter is, that cryptocurrencies will always have risks. It doesn't matter how big it becomes or how mainstream it becomes, and that's just how it is. No security system is perfect, so there will always be people trying to deceive others by any means necessary

However, I believe that in the future artificial intelligence and technology will be used to create many better projects.
jr. member
Activity: 48
Merit: 2
June 30, 2022, 02:14:29 AM
#39
Hello brothers,


When will the Worldcup start ?? Does anyone know Huh



Which is your favorite team ??
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 30, 2022, 12:07:24 AM
#38
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.
so far investors lost their trust to luna team, this is second time ust unpegged and their algortihm has weakness that could exploit by smart investor. Burning coin was not enough to recover luna, only trust needed in this project. Moreover we heard Do Kwon failed at another stable coin project. There are alot potential project that could recover our loss in luna , so it time to move on  moreover bitcoin in good price now.
People need to move on from that coin already, at this point it is like an obsession, for some reason they still want this coin to make a comeback but it is never going to happen, trust is an integral part of any project and once that trust is lost then there is no way to get it back, the luna developers can try every single trick they can imagine and still the coin will die, speculators will trade it but no one in his right mind will ever invest his money in that coin for the long term.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
June 26, 2022, 06:43:40 PM
#37
I think the incident of LUNA is not the main cause of crypto market crash.
News about LUNA causing crypto market crash is just like FUD for me, to make the crypto more dump.
It is about the cycle of cryptocurrency market. Like always, there are always sometimes when the crypto market hits the bottom,
and now is the moment.
It was like the thing that triggered the luna crash to come sooner, though the crash was already destined and set in stone since the latest bullrun that surprisingly lasts for a long time.
I agree that even without luna the crash still gonna come, still regardless luna has incurred many losses towards its holders, that's still the mistake in their side.
full member
Activity: 548
Merit: 168
Play Bitcoin PVP Prediction Game
June 26, 2022, 04:46:06 PM
#36
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.
so far investors lost their trust to luna team, this is second time ust unpegged and their algortihm has weakness that could exploit by smart investor. Burning coin was not enough to recover luna, only trust needed in this project. Moreover we heard Do Kwon failed at another stable coin project. There are alot potential project that could recover our loss in luna , so it time to move on  moreover bitcoin in good price now.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
June 26, 2022, 04:25:43 PM
#35
I think the biggest factor that makes cryptocurrencies is FUDs, before the market drop like today there was a coin, namely LUNA which dropped from $100 to $0.001 in less than 5 days, this was used by whales or haters to spread FUDs so that investors were afraid to hold and sell crypto so that the price continues to drop.
This is very much true, hundreds of millions of dollars worth of money was gone out of that, but it didn't just evaporated and destroyed, that money went to somewhere and people acted and spread FUD as if that money was fully gone. The price of everything went down which I never made any sense to at all, if the money was in Luna, then it was moved out, then it moved out to somewhere, did it moved out to fiat directly?

I really doubt that, maybe some but not all. Which means that for everyone who didn't own any Luna, the market should have been same and nothing shocking should have happened. This means there were FUDs going around telling people that it was just gone, and that is one of the causes for sure.
hero member
Activity: 2114
Merit: 603
June 26, 2022, 07:53:27 AM
#34
Is cashing out from the LUNA makes the whole crypto market crash? Does it the case really? The total market cap of the crypto is around $980 billion dollars and out of this on a beautiful day it keeps trading around $100 billion dollars every 24 hours. Now can you point me in right direction by stating if this guy cashed out 2.4 billions then it can be reason for the market crash???

That’s just next to impossible with such huge market cap. There is no way this is true. The only reason is worlds up coming recession (or on going).
sr. member
Activity: 2422
Merit: 357
June 26, 2022, 07:35:56 AM
#33
After the incidents happened, I think it is now up to everyone to review those mistakes and the opportunities in this market never run out. Only those who are not patient enough lose faith. and the motivation to invest with a reasonable plan, only encountering loss situations. Timing is only relative here, because if you don't prepare well, it's always a risk in the investment process.
That was a bad experience and we should learned from that so we can move on now, the market is not and that is not just because of what happened to LUNA, there's a lot of things that we can consider but it doesn't matter anymore because we have to live with the present now and know what to do during this bear market. The price is quiet pumping again, but its not that strong so I think we can still see a drop after this short pump and that is another opportunity for us to buy. We have so many opportunities here, they are just waiting for us to grab those opportunities, be wise with your investments now.
full member
Activity: 783
Merit: 108
June 26, 2022, 07:28:27 AM
#32
After the incidents happened, I think it is now up to everyone to review those mistakes and the opportunities in this market never run out. Only those who are not patient enough lose faith. and the motivation to invest with a reasonable plan, only encountering loss situations. Timing is only relative here, because if you don't prepare well, it's always a risk in the investment process.
full member
Activity: 785
Merit: 105
June 26, 2022, 05:05:14 AM
#31
(...)
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?
I'm not sure, but the facts tell me this is a time where safety is a priority, when so many unfortunate incidents have happened in a short space of time. And I think a lot of people are also suffering heavy losses with their investments in the market. At this time, there is not too much breaking news or new projects that offer exciting opportunities. But for me, as someone who believes that long-term investing will bring more opportunities, tracking its movements will help to see things happen more accurately.
full member
Activity: 1260
Merit: 100
June 26, 2022, 04:57:52 AM
#30
I think the incident of LUNA is not the main cause of crypto market crash.
News about LUNA causing crypto market crash is just like FUD for me, to make the crypto more dump.
It is about the cycle of cryptocurrency market. Like always, there are always sometimes when the crypto market hits the bottom,
and now is the moment.
full member
Activity: 1484
Merit: 101
June 25, 2022, 02:50:19 AM
#29
I think the biggest factor that makes cryptocurrencies is FUDs, before the market drop like today there was a coin, namely LUNA which dropped from $100 to $0.001 in less than 5 days, this was used by whales or haters to spread FUDs so that investors were afraid to hold and sell crypto so that the price continues to drop.
sr. member
Activity: 840
Merit: 292
June 25, 2022, 02:34:10 AM
#28

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.
The real reason is that all of us, traders, investors and even institutions must already know that we have entered a terrible season, namely the bear season,
and of course everything is crashing, Bitcoin, Altcoin, even the stable coin incident, of course 2022 is worse than in 2018, this is the reason why cryptocurrencies crash!

I don't where in a terrible season, because in this kind of circumstances that we facing it now in the crypto business this is just a part of the cycle here in this field of industry.  Crashing the volume of the majority altcoins, sometimes its because of the other coins suddenly faced a big impact to make other coins get affected on it. So, crashing its value for me is just normal thing happens here in the cryptocurrency based on what I saw in this matter anyway.
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
June 24, 2022, 05:19:44 AM
#27
The real reason is that all of us, traders, investors and even institutions must already know that we have entered a terrible season, namely the bear season,
and of course everything is crashing, Bitcoin, Altcoin, even the stable coin incident, of course 2022 is worse than in 2018, this is the reason why cryptocurrencies crash!
Is there no other reason besides that because the exact cause of the crash is not known in detail right now so the bad conditions this year are actually still better than what happened in 2018 where you can't see an increase in prices at all, and it's a little different from now where some coins can still survive in this bearish condition.
full member
Activity: 1110
Merit: 104
June 24, 2022, 05:01:52 AM
#26

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.
The real reason is that all of us, traders, investors and even institutions must already know that we have entered a terrible season, namely the bear season,
and of course everything is crashing, Bitcoin, Altcoin, even the stable coin incident, of course 2022 is worse than in 2018, this is the reason why cryptocurrencies crash!
hero member
Activity: 1666
Merit: 453
June 24, 2022, 01:07:01 AM
#25
So in a nutshell luna is like the last push that causes the waves of correction one after another becoming even worst.
There are so many investment fund being invested in luna and that means the disaster of luna basically brings the whole market of cryptocurrency down goes to drain.
though frankly the cycle of BTC is already set and the current bearish is kinda obvious to come, it's just luna makes it comes faster.
It looks like that's the case, especially since we didn't think anything of what happened to Luna.
and it certainly affects the crypto market,
besides what is happening in the world today indirectly also has an impact on the crypto market

In my honest opinion on these matter, whether we believe it or not, LUNA really gave a bad impact in the crypto
industry. Because there are a lot of other giant crypto who got rapidly collapse or decreased their volume in the market.
And it trigerred so much other altcoins too in the market. Yes, its true before LUNA crashed its value Bitcoin was already
dumped its price and when LUNA came up to collapse in the market Bitcoin goes down well too. This was based on my own
assessment for what is happening now here in the cryptocurrecy.
jr. member
Activity: 51
Merit: 1
June 23, 2022, 11:24:05 PM
#24
One of the reasons behind falling crypto prices could be low risk appetite among traders and investors

Read this blog

https://www.financialexpress.com/digital-currency/cryptocurrency-market-crash-reason-why-crypto-is-falling-today-6-2/2546274/
full member
Activity: 1064
Merit: 101
June 23, 2022, 11:11:37 PM
#23
So in a nutshell luna is like the last push that causes the waves of correction one after another becoming even worst.
There are so many investment fund being invested in luna and that means the disaster of luna basically brings the whole market of cryptocurrency down goes to drain.
though frankly the cycle of BTC is already set and the current bearish is kinda obvious to come, it's just luna makes it comes faster.
It looks like that's the case, especially since we didn't think anything of what happened to Luna.
and it certainly affects the crypto market,
besides what is happening in the world today indirectly also has an impact on the crypto market
full member
Activity: 1736
Merit: 116
June 23, 2022, 11:03:24 PM
#22

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.
newbie
Activity: 20
Merit: 0
June 23, 2022, 10:22:59 PM
#21
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.
hero member
Activity: 1666
Merit: 453
June 23, 2022, 02:38:33 AM
#20
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.



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.
hero member
Activity: 2520
Merit: 711
June 23, 2022, 02:10:25 AM
#19

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.
sr. member
Activity: 1008
Merit: 366
June 23, 2022, 02:09:05 AM
#18
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.
sr. member
Activity: 1876
Merit: 259
June 23, 2022, 01:44:22 AM
#17
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.
copper member
Activity: 389
Merit: 1
June 23, 2022, 01:20:34 AM
#16
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 23, 2022, 01:00:23 AM
#15
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.
legendary
Activity: 2072
Merit: 1023
DGbet.fun - Crypto Sportsbook
June 22, 2022, 11:04:54 PM
#14


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.
hero member
Activity: 3038
Merit: 617
June 22, 2022, 10:59:04 PM
#13
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.

legendary
Activity: 3276
Merit: 2442
June 22, 2022, 10:49:38 PM
#12
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.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
June 22, 2022, 10:40:37 PM
#11
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
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
June 22, 2022, 05:39:16 PM
#10
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.

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.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
June 22, 2022, 05:22:55 PM
#9
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.
jr. member
Activity: 230
Merit: 1
June 22, 2022, 03:28:04 PM
#8
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.
member
Activity: 519
Merit: 12
June 22, 2022, 03:13:02 PM
#7
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.
jr. member
Activity: 840
Merit: 6
June 22, 2022, 12:23:03 PM
#6
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.
sr. member
Activity: 1162
Merit: 260
June 22, 2022, 10:48:40 AM
#5
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
legendary
Activity: 2688
Merit: 3983
June 22, 2022, 10:42:36 AM
#4
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.
member
Activity: 546
Merit: 78
June 22, 2022, 09:07:08 AM
#3
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.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
June 22, 2022, 08:21:49 AM
#3
To be fair, Bitcoin is already crashing even before the Luna drama occur, It was already going down below 30K to 35K that time and Luna issue just intensifies the looming bear market signal. Same with the other issue listed below and also the Celcius network event occur because of this market dip since they are afraid of the liquidations of there loans so they stop the withdrawal so technically, they are the victim of the crypto crashing and not the reason.

About the loss in crypto question, is this about Luna investor that loss funds on there Luna UST investment because there is no way to recover there loss especially if they purchased there tokens at the top. The total circulating supply of Lunc is massive while Lunav2 is just an escape goat token. Whatever Do Kwon building right now, this is bullshit and no one will gonna buy it unless he fake pump it to an astronomical level to let people become hype again.
hero member
Activity: 1918
Merit: 564
June 22, 2022, 08:37:56 AM
#2
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?

I do not think that there will be any chance to recover their losses on this two projects.  Luna is already doomed.  It losses its investors trust and the founder is on verge of getting jailed.  While Celsius, have incompetend financial managers,  I am afraid to say that it will take a very long time before the holder of this projects recover their losses but that is in a condition that Celsius developers find a capable financial manager that can lead the project to financial recovery.

That being said, I don't think that this two is the reason why cryptocurrency is crashing .  The market is already in bear trend, so cryptocurrency prices going down is a normal thing or maybe this event make things worst.  

instead of worrying this kind of things, I believe we should put our effort on researching which project can give us the most profit when the crypto market transitioned to Bull trend.
sr. member
Activity: 840
Merit: 292
June 22, 2022, 08:13:40 AM
#1
On this topic we will talk a lot, first why did the crypto market collapse? what are the factors here? and let's also talk about the topic of Do Kwon terra luna issue in binance. And what was also the problem with celcius crypto lending? those are the things we will discuss one by one.

Do Kwon of Terra Luna So far, LUNA does not seem to be in a good position, especially since there are reports of some investigations saying that the founder, Do Kwon, cashed out a lot of money even before the big drop in its price in the market. Around 80M $ in 33 months and in total of 2.7B $ and according to Do Kwon it is not true and he did not get such a large amount, besides that he is also under investigation in Korea even in the U.S. SEC, and another problem is the dissolution of Terra form branch branches in Korea before the cash out happens, supposedly an exit scam allegedly.

But according to Do Kwon, it was just a coincidence and it had been planned for a long time. And they are now relocated to Singapore. And it also seems that Do Kwon's plan for the revival plan in LUNA did not succeed. Because it still does not return to its previous value. If we look, there are so many problems in space. And another of these is the problem of Celsius Network users, and this is that they prevent customer withdrawals and transfers to stabilize liquidity in the network. They did this since many users withdrew their crypto because of the situation that crypto is collapsing and also because of other markets. And because of this, their native token CEL dropped quickly by 50%, and because of its rapid collapse, many also played here and that FOMO for a while and pumped for a while, But it is also undeniable that the factor is also big its the collapse of the crypto market because many users are unable to release their assets. These 10B worth of customer crypto assets in this company could go into bankruptcy because of the action they took. Now for those of you who don't understand the Celsius Network what has been its big impact on what's happening now, It's like a bank where you can put your crypto assets and you can lock them in, and eventually, it will grow, same with a traditional bank which always has a higher interest here in celsius. And at some point with a high APY versus its competitors, it’s a way for investors to be safe possibly just by holding their crypto assets here in celsius. But right now we can't say it's safe because it's not accessible because users can't release their crypto assets. And the collapse of space also had a big impact on the Celsius Network. Although celsius guarantees high rates for stablecoins like UST. So when it crashed (LUNA) and also affected Celsius. and also one of the falls in celsius is due to LIDO finance.

Cashing out 2.7B$ from LUNA
Refference: https://cointelegraph.com/news/do-kwon-dismisses-allegation-of-cashing-out-2-7b-from-terra-luna-ust
Luna Investigation under South Korea
Referrence: https://www.fool.com/the-ascent/cryptocurrency/articles/south-korea-launches-investigation-into-lunas-parent-company/
Terra Luna Investigation under by U.S at SEC
Referrence: https://www.benzinga.com/markets/cryptocurrency/22/05/27155124/sec-is-already-investigating-terras-stablecoin-ust-report
One of the reason of crashing Celsius Network is Lido Finance
Referrence: https://www.theblock.co/post/148642/lido-finance-refuses-to-support-terras-new-blockchain


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?
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