Well, you put your money in your luna if it gets forked? - page 2.

Piesel

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Quote from: Iadegbola34 on June 15, 2022, 03:10:11 PM

Quote from: RILWAN on May 26, 2022, 04:14:08 PM

The past few weeks have been the most challenging for there luna coin investors, as the network witnessed a hard attack that led to its price crash but then we can't give up on the project since it has some good prospects. And recently the CEO announced a recovery plan so am forced to ask will still buy the forked luna coin if it lunched or you rather look away from it?

If you have enough to waste then you can go ahead and invest in the new Luna. Trust me, the old Luna was never under an attack. It was an orchestrated scam to rugpull investors.

If you still believe in the so called "good prospects" then go ahead and invest even when the project as S.C.A.M written all over it.

I agree with you on this, i cant invest in a coin that it ceo does not have any commitment to the project if not how can an attack of this magnitude will only originate from an insider. So the luna 2.0 os nothing to go by and if anyone makes the mistake of investing in it you only putting your money to lose.

Iadegbola34

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Quote from: RILWAN on May 26, 2022, 04:14:08 PM

The past few weeks have been the most challenging for there luna coin investors, as the network witnessed a hard attack that led to its price crash but then we can't give up on the project since it has some good prospects. And recently the CEO announced a recovery plan so am forced to ask will still buy the forked luna coin if it lunched or you rather look away from it?

If you have enough to waste then you can go ahead and invest in the new Luna. Trust me, the old Luna was never under an attack. It was an orchestrated scam to rugpull investors.

If you still believe in the so called "good prospects" then go ahead and invest even when the project as S.C.A.M written all over it.

Tellek Garing

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Quote from: Piesel on June 15, 2022, 12:19:56 PM

I bought a few of that coin recently and since then the market has been dropping I don't know why but am sure the Bitcoin impact is on most altcoins and since Luna is a troubled project recently I will advise we stay off the coun for now until they get the stability back.

Luna's situation was a total crash and can not be compared to Bitcoin in many ways, the Bitcoin market is just on a correctional mode and at the moment luna is no longer getting it right in the market.

With the changes that have occurred with luna recently a lot of dots seem to be right with the coin and it is a big turn-off point for investors.

Mahanton

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Quote from: Piesel on June 15, 2022, 12:19:56 PM

I bought a few of that coin recently and since then the market has been dropping I don't know why but am sure the Bitcoin impact is on most altcoins and since Luna is a troubled project recently I will advise we stay off the coun for now until they get the stability back.

Even Bitcoin market didnt crashed which Luna or even it gets forked wont really be getting on the same support on what just like happened on Luna main coin yet considering on how devastating
thing happened for this project and now they have that version 2 but people wont really be fooled on the second time around.There might be some engagers but doesnt mean that they
do trust up Luna owners for second time around.They could snip out something with those volatility and able to make profits but doesnt intend to hold
it for too long since they do know its potential which is totally shit.

Piesel

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Activity: 672

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I bought a few of that coin recently and since then the market has been dropping I don't know why but am sure the Bitcoin impact is on most altcoins and since Luna is a troubled project recently I will advise we stay off the coun for now until they get the stability back.

SistaFista

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Actually i planned to buy some new LUNA coin when the fork launch, but i didn't have funds back then.
Now im glad because forked LUNA coin is not better than old LUNA coin, i would lose my money if i bought new LUNA.
Just look at the price, it is around $2 which is far from the initial price when they launched the new coin.

mumang siat

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Quote from: Wildwest on June 09, 2022, 10:59:49 AM

If you are ready to bear the risk then there is nothing wrong with trying, because at this time the recovery is indeed happening and the price is starting to increase again, but some investors still feel doubts about the coin because the decline that occurs is very large so the confidence to rise is very difficult to happen, but we just see the developments for the future hopefully big changes can occur.

Readiness to take risks is not a good step to start investing, there are many considerations if he starts to make purchases on the coin, but not because of the risk readiness he will accept, but rather how the coin can strengthen and provide appropriate returns, conditions the correction has not yet reached the recovery stage, it is even more likely to be difficult to recover in the near future, so it is more considerate of many things to start from now

Dr.Osh

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Quote from: Teraboy on June 09, 2022, 09:08:59 AM

investing in luna after the crash was a bad idea and still a bad idea, you could think that the crash with luna classic gonna be happening again after all it seems luna just forked out of their responsibility with the former luna so that they aren't gonna spending effort and money in its former luna revival.
if you wanna turns your investment into ashes then go ahead investing in luna but the veteran luna holders knows that it's the same thing all over again despite the vested new luna distribution it gonna means nothing if it didn't at least reach half of former luna valuation before the luna crash.

actually, I once invested in LUNA when it first crashed, and I made a profit, but not much. however, for now, I'm not thinking of putting my money in LUNA, even when the new LUNA has been launched. in fact, once launched, the price is pretty bad right now, very far from the price LUNA 1.0 was before the crash.
I agree that it is still a bad idea to invest in this coin. I also agree that the solution to this is not a fork. people have lost a lot of their money. the only way to restore that trust is simply to replace the assets even if that's not possible, and it's very likely that people will leave the project right away. however, I still feel holding LUNA in the long term is a bad idea.

Victorik

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The project has already attracted a lot of negative attention.
Rebranding won't make any difference. If they could make investors lose money once, then the could make them lose money again.
Anyways, it's always safe to invest something you can always look away from when shit happens

bitkanu

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Quote from: Wildwest on June 09, 2022, 10:59:49 AM

If you are ready to bear the risk then there is nothing wrong with trying, because at this time the recovery is indeed happening and the price is starting to increase again, but some investors still feel doubts about the coin because the decline that occurs is very large so the confidence to rise is very difficult to happen, but we just see the developments for the future hopefully big changes can occur.

I think it's just the Luna market trying to see its actual value, tbh if considered from the initial price from when it was listed, it's already down more than 70% it's like the same thing like luna right at the crash, although it is slowly going up again, it's not gonna touch $7 and beyond.
but this kind of volatility I guess is the thing that most of the traders are looking for, after all they could make great return from the margin alone, but it's just gonna be like luna crash again at the end of the day.

lixer

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Quote from: Wildwest on June 09, 2022, 10:59:49 AM

If you are ready to bear the risk then there is nothing wrong with trying, because at this time the recovery is indeed happening and the price is starting to increase again, but some investors still feel doubts about the coin because the decline that occurs is very large so the confidence to rise is very difficult to happen, but we just see the developments for the future hopefully big changes can occur.

I think one to two mistakes is already enough but more than that is not good anymore because it just shows that you did not learn anything but you are still like a fool believing on someone's promise even if they already did a mistake before. There might be some recovery but that was only small compared to what it's lost and I don't think its old price will come back because of some many factors like the supply and trust of the people and also the exchangers.

So, what if luna gets forked. What will be its role? To recover what the old investors have lost? LoL. That generous then but no it is not as simple as that. Some are given an airdrop but the amount is too tiny. Investors are still the ones that will put money and expect for the coin to have a different faith than the other one.

Wildwest

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If you are ready to bear the risk then there is nothing wrong with trying, because at this time the recovery is indeed happening and the price is starting to increase again, but some investors still feel doubts about the coin because the decline that occurs is very large so the confidence to rise is very difficult to happen, but we just see the developments for the future hopefully big changes can occur.

virasisog

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Quote from: RILWAN on May 26, 2022, 04:14:08 PM

The past few weeks have been the most challenging for their luna coin investors, as the network witnessed a hard attack that led to its price crash but then we can't give up on the project since it has some good prospects. And recently the CEO announced a recovery plan so am forced to ask will still buy the forked luna coin if it lunched or you rather look away from it?

I don't think their forked solution or whatever they call it will help Luna survive. It already has a bad record so investors especially big-time investors who have lost a lot will pull out and won't trust them again because of what happened. If they weren't able to handle Luna before then how are they going to handle another coin? Luna was a potential project until things get worse because of bad handling.

Hypnosis00

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Quote from: popeye95 on June 09, 2022, 08:47:21 AM

Quote from: Wiwo on June 09, 2022, 04:42:58 AM

...

When Luna coin loses its peg, the whole purpose of this coin is out of the windows. The new luna fork but doesn't solve this problem, hence becomes another shitty token out there without anything to justify for investors to buy them. For the old Luna, at least they have a new wave of investors who brought the coin when it was at low, hence a strong support base and can slowly grow with good direction (burning, secure fund,...). Right now, anyone would rather sell new Luna and buy more old Luna.

How do people think that Buying Luna is a good idea nor it was a good investment which perhaps it was been causing some losses in the past few days? I couldn't really imagine doing that thing, in fact, is not doing great even after the fork but what we see is still in the declining trend. If I have some of this coin, I certainly sell them and never buy them again. They have been tainted already and have a questionable market design. Forks it was just a diversion of minds but the feature is still the same from the old one, in the end they still make an exit scam.

Teraboy

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investing in luna after the crash was a bad idea and still a bad idea, you could think that the crash with luna classic gonna be happening again after all it seems luna just forked out of their responsibility with the former luna so that they aren't gonna spending effort and money in its former luna revival.
if you wanna turns your investment into ashes then go ahead investing in luna but the veteran luna holders knows that it's the same thing all over again despite the vested new luna distribution it gonna means nothing if it didn't at least reach half of former luna valuation before the luna crash.

popeye95

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Quote from: Wiwo on June 09, 2022, 04:42:58 AM

To a large extent, the Luna coin which is a dollar peg stable coin went in a very bad direction recently like a couple of weeks back when the price of the coin failed below $1 to a low as 0.43 or there about. Leaving many investors to wallow in losses and the project developer tries all that is possible to revive the coin but the coin market is still struggling to survive and get a foot on the market.

When Luna coin loses its peg, the whole purpose of this coin is out of the windows. The new luna fork but doesn't solve this problem, hence becomes another shitty token out there without anything to justify for investors to buy them. For the old Luna, at least they have a new wave of investors who brought the coin when it was at low, hence a strong support base and can slowly grow with good direction (burning, secure fund,...). Right now, anyone would rather sell new Luna and buy more old Luna.

Wiwo

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To a large extent, the Luna coin which is a dollar peg stable coin went in a very bad direction recently like a couple of weeks back when the price of the coin failed below $1 to a low as 0.43 or there about. Leaving many investors to wallow in losses and the project developer tries all that is possible to revive the coin but the coin market is still struggling to survive and get a foot on the market.

Strongkored

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Quote from: RILWAN on June 09, 2022, 01:17:00 AM

Quote from: so98nn on June 07, 2022, 05:23:59 AM

So the recovery plan is to make another dumb coin when the whole world witnessed it failing it to zero in the first place. Do you really think Whatever that guy says now and do you think everyone will ever believe in it? Whether it’s fork or whether he is giving away free dollars, LUNA is done forever. There is no coming back for it because that’s the impression it had made in the first place. Moreover reading through the thread itself gives clear idea of how it’s not trustable any further.

The whole luna situation and recovery process look confusing to many investors and the CEO of luna was warned of this plan but still went ahead to execute it many predict this moves to be the worst option for the project.

So don't trust them anymore, whatever they are trying to make this coin valuable again will not be able to restore how many people have suffered because of this big case. But unfortunately there are still those who continue to play on this coins-they are speculators who hope that the price will up again, maybe they are whos suffered and think how to recovered their losses even though that bad idea.

dataispower

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Quote from: JeromeTash on May 26, 2022, 04:55:30 PM

Quote from: goaldigger on May 26, 2022, 04:19:11 PM

I don’t think its a forked but its more of a rebranding since they are just going to change the name but using the same blockchain technology.

They are basically just creating a new blockchain while abandoning the old one and renaming it as Luna Classic. To me, that's a very stupid move and I would never buy the new Luna 2.0. Some exchanges have already changed the ticker names of the old Luna to LUNC
Those who have money to waste can continue buying and holding the Luna bags, but I won't be one of them.

the action they took to rebranding luna coin show's that Luna can die off and no body will like to buy it and keep for wallet for long term investment, and secondly changing a particular name of brand due causes the platform to lose Client if the first brand were not fully trusted, the lunc of new brand will discouraged people to invest for it because many people lost a lot for Luna and their is now the trust can be build on this that it will do well.

fzkto

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Looked at the price of the new LUNA yesterday, it's been cut fivefold since the pump. There is no confidence in this project and it is not clear what purpose it was created for. Firstly, there is no trust in Kvon anymore and that is putting it mildly. Secondly, the man who scammed billions of dollars was not even put in prison and he created LUNA 2.0. It's not funny anymore.

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