I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
Good thing you have access to the information about LUNC directly and have been following it up yourself, and have not acted like some that will want to depend on the information from others, which can be slow. You should continue hodling and follow closely with the news so you also know when to exit, chances are as more investors get the information about the scheduled burn they will be drawn to invest in it and still drive the price upwards. 
Topic: Terra Luna Classic pumping - can it last? - page 6. (Read 1014 times)
Honestly i really wouldnt trust LUNC its marketcap is currently too low and the price is easily manipulated by whales and this bear market isnt bringing any good, we might even see another -99% on LUNC. it wont be something new.
I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
Actually Terra Classic didn't develop at all, in fact it got worse if we looked at Terra's basic history. Because the ATH for the Terra Classic is $119, and the current price is $0.0004778. Isn't that something bad? And now they are releasing the Terra V2 with ATH reaching $19, and the current price is $1.9. Means they lose the price reaches 100%. 
Reaching $.01 for LUNC realistically won't happen. There are many standing cases against the projects team and I'm pretty sure the market trust they lost won't comeback anytime soon. Even if we consider the next bull run that will happen 3-4 years from now, It think it will be hard knowing that there are a very big chance that the project won't survive and possibly abandoned before the bull run come. This pumping is just for whales or traders to take profit and try to reach their break even point.
It's very interesting to see luna classic price is Pumping sharply. Ustc is also pumping instead of Binance anouncemnt of delisting. I think it will not remain for long time and it's price will go down to bear mode again. It gives best profit to investors in This 5 days. It's not like that it will again pump high.
Once a coin becomes an eScamp project, it cannot be raised later. But many are saying that Tera Luna will lift her head and pump I never believe that a coin is completely dumped and will never go up again.The project team could certainly have recovered if the dumping had started I would say this is the state of the platform today only for the team. The Terra Luna project team should have thought of retaining it earlier.But I see no possibility of Terra Luna's recovery. And there will be no recovery
It could be a pump-and-dump strategy. If you are doubting then you might want to cut out the ROI first. Use the profits for further monitoring of what could happen next. IMO, that would be the safest decision that I'd be willing to make if I am expecting more or just don't want to regret it if ever another pump comes.
There's no reason behind it but just because of its cheap price that is appealing to buyers. It's not far from what is happening with Shiba's market but I am not saying they are the same in terms of projects.
There's no reason behind it but just because of its cheap price that is appealing to buyers. It's not far from what is happening with Shiba's market but I am not saying they are the same in terms of projects.
Don't expect more, I also have Lunac but to be honest I've converted to ETH now. Don't let greed rule you if you get x 4 in the bear market this is already a great achievement. Don't let the circulating fomo affect you, maybe soon Lunac will experience a decline.
Yeah, they better don't expect for more as that will only gave them a disappointment at the end and not the profits that they always wanted. If they want a sure profit then they better invest on a coin which has a sure future as well and not on these scam/risky tokens. Only the developers of these coins are only going to get rich if people keeps on feeding them. What you did there by the way is a good thing.You didn't wait any little longer because you know that more dumps are going to come later on. This is a great example that lunc hodlers must follow. It's better to sell at a loss (right now) than incur more losses in the future. They have been warned.
I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
~snip~
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
~snip~
Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time
This is why I feel not to take any profit just yet. I feel the potential rewards outweighs the risk currently, especially as I do not have much invested.
I will stick with my plan and cash out half my investment at 0.0005 and see what happens from there.
I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
~snip~
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
~snip~
Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time
I don't think anything can sustain it's run, not even bitcoin or ethereum in the past have runs that will go on for months unless we are in a bull market.
So don't expect that this will continue, just take the profit. It's a big gamble since we all know what the project has been went through and it's not very good. For sure this is the works of some manipulators and speculators injecting huge money to attract newbies like you to join and then they will suddenly dump it in your face.
So don't expect that this will continue, just take the profit. It's a big gamble since we all know what the project has been went through and it's not very good. For sure this is the works of some manipulators and speculators injecting huge money to attract newbies like you to join and then they will suddenly dump it in your face.
Lunc gets pumped due to the some rumours about the burn has been decreasing the circulating supply in the market but i see that the circulating supply was also decreasing but im not sure how accurate the data that show by CMC. We do know that CMC has a very bad reputation when it comes to the data listing caused by so many times the data that already listed by CMC didn't seem to be accurate. The pump is going on but it seems like that chart was showing a correction will come very soon,.
Despite that it’s the most recently shared in my Facebook feed like there’s a girl waiting for LUNC to hit her selling target to pay for her debts, I wouldn’t bother buying some. Ain’t a fan of it anyway.
Ever since LUNA went down due to the depegging of its UST stablecoin, the reputation of their CEO and the entire project is going downhill and is continuing to do so due to the ongoing allegations against them. I don’t think the pumping would last to be honest. It has no clear direction and the future is uncertain.
Ever since LUNA went down due to the depegging of its UST stablecoin, the reputation of their CEO and the entire project is going downhill and is continuing to do so due to the ongoing allegations against them. I don’t think the pumping would last to be honest. It has no clear direction and the future is uncertain.
At least you have to take profit now before the price falls and regret it, we don't know the future predictions, it's clear this token has become trash due to a 99% decline, so we have to think this token might not last long in this pump so you have to secure it some assets as his capital but that's my advice take all the profits right now.
I know many people have experienced success against classic luna token holders but it all doesn't have to depend on the high end for me it's very unrealistic unless you are a fanatic who believes in these tokens.
I know many people have experienced success against classic luna token holders but it all doesn't have to depend on the high end for me it's very unrealistic unless you are a fanatic who believes in these tokens.
Terra Luna Classic was previously in trouble. I'm afraid this is just part of the whale's strategy to take more money from new people who see the coin with a pretty deep drop. its value is cheap and it would be very easy to say a potential coin at a low price that would make the pump bigger.
yes, we are now looking at the pump, but I doubt this project will get consistent support. their market could have crashed as their developers did.
yes, we are now looking at the pump, but I doubt this project will get consistent support. their market could have crashed as their developers did.
The problem I have is not knowing for sure which way this is going to go.
I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.
I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.
Perhaps, the reason why this is risky it is because we never know where it goes, up or down. I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.
I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.
I know that amount is just small and you can afford to lose it but the feeling of missing the chance to earn a small profit from a sudden and unexpected spike was even more regretting.
Anyways, you have the right to make a decision. At least you are already aware of the situation.
you answered your own question in the title. if it is "pumping" that means it is not possible to predict how much or how long it is going to "pump" because by nature it is a fake rise that only depends on luck and how much money the pumpers behind it have in their pockets and are willing to waste on the shitcoin.
generally the safest thing to do is to jump off the pumping train as soon as it starts slowing down.
generally the safest thing to do is to jump off the pumping train as soon as it starts slowing down.
The problem I have is not knowing for sure which way this is going to go.
I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.
I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.
I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.
I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.
I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
1. Obvious pump and dump scheme by some groups.
2. Maybe the people behind the project is pumping it.
3. There is hype surrounding Terra Luna classic.
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
Just remember that we are still in the bear market, so it make take months or even years to see that price.
I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.
Just be careful though, sometimes the dump will happen when you sleeps so chances are you are going to miss the profits. So if you have made profits already, there's no need to be greedy, just saying, as you might learn a very expensive lessons here in crypto specially that you are new.
I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
Many investors got tempted to buy Tera Luna at its cheapest price. They are hoping for something big in return, in fact, many had made it and got some money before they've got into trouble. Quote
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.
I can't say it was realistic but the pump can be possibly a trap. If I were you, I don't wait for the price to be that high, if you already have in profit at its current price, sell them. Honestly, after the issue have raised and heard a lot of complaints against this project, it was hard to put back my trust to them. How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.
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