The truth about Terra Luna Classic - page 3.

Baofeng

legendary

Activity: 2576

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Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Hello,
Is Terra Luna Classic recovering? Why does TrustWallet pay 15% profit to staking it?
Any idea welcomed.

Thank you.

Really hard to say if they are going to recover or not, because the damage has been done. Although we may see some occasions wherein it will be pump so hard by the obvious p&d group and then goes down again. This might be the lifecycle and the ultimate test will be in the next bull run, we will see if it has what it takes to survived.

As for the staking, I can only think of Trustwallet maybe wanting people to reinvest with that huge offering. So it's up to investors whether to bite on that big 15% staking profit or had enough with the Terra Luna debacle and will have to move on to other projects.

Nwada001

hero member

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Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Why does TrustWallet pay 15% profit to staking it?
Any idea welcomed.

Thank you.

The 15% staking reward idea is simple..
When you hear about a 15% reward for staking on a non-custodial wallet like trust wallet it sounds tempting which will trigger lots of people to go and buy large amounts of Luna classic in other to stake and get staking reward, the greedy will pump in thousands of $ so that they will make huge reward out of the staking, why they are busy rushing and buying the demand for for Luna classic will increase which will also impact on price positively.. that's to say their will be possibility of price increase.

When you will be busy buying and price is going up why the entity who are behind the staking reward idea will be watching to see their target ones that is reached they will sell off their holding which will eventually bring down the market back to where it was before the staking started or even worst.

Since Binance is still with their holding they can implement any means necessary which will sound convincing in other to get something out of nothing which their holding is worth now..

The staking is just a game which I believe won't end well for those who want to acquire Luna and stake.

blockman

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Quote from: wheelz1200 on January 22, 2023, 06:19:11 PM

Quote from: blockman on January 22, 2023, 03:32:26 PM

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Hello,
Is Terra Luna Classic recovering?

I doubt that it's entirety will recover.

As long as people are buying and selling it and he can make a percentage on the trade then why not. It amazes me how much people are willing to put into luna at this point. It's a complete gamble that will eventually fade away. Lunacy if you ask me.

Right, a total gamble that they're willing to take risks. Well, there are still traders that are moving the markets of it and that's why many are continuing on trading it.
We have an idea of what has happened to it but people still not stopping completely on it because they still see a lot of people buying and selling it. Well, a time will come that it'll completely be down or if I'm wrong and these folks earn then that's all good for them.

Venik

newbie

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I don't think it's gonna fully recover. And I don't really understand how people can buy and trust it after what happened, even tho Do Kwon has nothing to do with it now.

BitcoinPanther

hero member

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Quote from: wheelz1200 on January 22, 2023, 06:19:11 PM

Quote from: blockman on January 22, 2023, 03:32:26 PM

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Hello,
Is Terra Luna Classic recovering?

I doubt that it's entirety will recover.

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Why does TrustWallet pay 15% profit to staking it?

CZ isn't even delisting it on Binance so, I think that he's still keeping the one that he's got from the team and they're in total loss with this project. A 15% is attracting more people to stake it but it's useless because it's not going to go up unless you still got a lot of it and you've taken that before the debacle because you can't sell it due to big losses.

As long as people are buying and selling it and he can make a percentage on the trade then why not. It amazes me how much people are willing to put into luna at this point. It's a complete gamble that will eventually fade away. Lunacy if you ask me.

True, these centralized services always aim for profit and they do not care if it is a shitcoins or a scam coins, they will continue to list it as long as it meets the requirement. I do not think that Terra Luna is recovering, the head of the project is already in hiding so I guess any movement from its market especially when it is an uptrend is a pump attempt of some group that wanted to make a huge profit before they decided to get out of Terra Luna.

wheelz1200

legendary

Activity: 3598

Merit: 1406

Quote from: blockman on January 22, 2023, 03:32:26 PM

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Hello,
Is Terra Luna Classic recovering?

I doubt that it's entirety will recover.

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Why does TrustWallet pay 15% profit to staking it?

CZ isn't even delisting it on Binance so, I think that he's still keeping the one that he's got from the team and they're in total loss with this project. A 15% is attracting more people to stake it but it's useless because it's not going to go up unless you still got a lot of it and you've taken that before the debacle because you can't sell it due to big losses.

As long as people are buying and selling it and he can make a percentage on the trade then why not. It amazes me how much people are willing to put into luna at this point. It's a complete gamble that will eventually fade away. Lunacy if you ask me.

blockman

hero member

Activity: 2912

Merit: 627

Vave.com - Crypto Casino

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Hello,
Is Terra Luna Classic recovering?

I doubt that it's entirety will recover.

Quote from: hack3rcon on January 22, 2023, 01:37:21 PM

Why does TrustWallet pay 15% profit to staking it?

CZ isn't even delisting it on Binance so, I think that he's still keeping the one that he's got from the team and they're in total loss with this project. A 15% is attracting more people to stake it but it's useless because it's not going to go up unless you still got a lot of it and you've taken that before the debacle because you can't sell it due to big losses.

hack3rcon

member

Activity: 354

Merit: 10

Hello,
Is Terra Luna Classic recovering? Why does TrustWallet pay 15% profit to staking it?
Any idea welcomed.

Thank you.

Topic: The truth about Terra Luna Classic - page 3. (Read 516 times)