What will happen to LUNC after its founder is arrested?! - page 3.

Bobrox

sr. member

Activity: 1218

Merit: 260

Quote from: hd49728 on September 15, 2022, 07:15:37 AM

The Terra Classic blockchain will continue to run and life will keep going without Do Kwon. The arrest can result in forced dumps on the market but in long term, Terra Classic won't need Do Kwon to be alive and recover.

However, there are correlations between Terra and Terra Classic and you can imagine it like correlation between Ethereum and Ethereum Classic even after years since the DAO hack and hardfork, they are different projects. Similarly, if by any reason, Do Kwon will never involve in Terra Classic, it is good for LUNC community but don't forget by one way or another, Terra and Terra Classic will still have correlation on market. Good or bad news for Terra will have impact on Terra Classic.

Can't guarantee with Terra Classic blockchain will continue without Do Kwon as the owner, usually I have comparison with other altcoin network become scam when the owner have under arrested, but still different with Terra Classic blockchain because not have official announcement yet with Do Kwon will spent his life under arrested. I think Terra Classic Blockchain team will try to help Do Kwon what problem faced before with old Luna and UST coin drop drastically.

Until several days after announcing about Do Know under arrested still not have new update what happen with Do Kwon, he has spent his life under arrest for longer time or he has chance to proof about not any mistake and fault made after Luna and UST price drop drastically last several months.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

LUNC is not doing anything with the founder not arrested neither, so it would not make sense to expect anything more from them when he is arrested too. The only answer would be they would arrive where they would normally arrive a bit quicker, that seems like the case, aside from that they are a coin that will go down and be zero eventually anyway, I am not really seeing them being "zero" but they will be basically not in anyone's mind and only have a few thousand followers like a brand new project, nothing bigger than that.

It may take a bit of time to get there but I guarantee you that it will get there for sure, and you should get out before that happens.

lixer

hero member

Activity: 2646

Merit: 586

Quote from: albon on September 14, 2022, 03:00:15 PM

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

No OP, news like this is not surprising already because they already have a warrant of arrest even before so everyone is expecting already that they will be caught one day and sent into jail and here it is finally. The day has come for them. I hope that people who lost millions before and those who lost their own lives will get their justice now.

For those who invest in the new luna coin, well that was already their fault if the coin collapsed badly because of this news. We never fail to gave them a constant warning about the possible risk of this luna classic and yet they still insist to continue. There are some people who really have a hard head.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: albon on September 14, 2022, 03:00:15 PM

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

This news came to my attention when I went to find out the reason for the high price hike of Luna Classic. But Luna Classic was still trying to raise its prices at that moment. I was a bit confused as they are being cheated how these coins are increasing in price? Anyway Luna decline started and continuing to the dip again.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

The Terra Classic blockchain will continue to run and life will keep going without Do Kwon. The arrest can result in forced dumps on the market but in long term, Terra Classic won't need Do Kwon to be alive and recover.

However, there are correlations between Terra and Terra Classic and you can imagine it like correlation between Ethereum and Ethereum Classic even after years since the DAO hack and hardfork, they are different projects. Similarly, if by any reason, Do Kwon will never involve in Terra Classic, it is good for LUNC community but don't forget by one way or another, Terra and Terra Classic will still have correlation on market. Good or bad news for Terra will have impact on Terra Classic.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

Just like its owner who will gonna be worthless after his arrest. Now people should really take heed of what's really going on here because this is a big lesson for everyone who jumps to invest in some hype coins, especially newbies. They got arrested because the evidence against them is solid and no matter what they say about their point of view doesn't matter anymore because in the first place they already plan to do such a thing in order to get away with their scams and thankfully the authority acted fast before they get out from the country.

bounceback

sr. member

Activity: 2058

Merit: 281

Seabet.io | Crypto-Casino

Quote from: albon on September 14, 2022, 03:00:15 PM

-snip-

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Currently the price of the LUNC coin is experiencing a price decline although in the last few days if we see there is a slight price pumping, I think the decline experienced by the LUNC coin is probably due to the news of DoKnow's arrest which made LUNC coin investors panic and decide to sell together in large quantities, if you are a LUNC coin holder you should immediately resell it if the price has risen past the price when you bought it, because it will be useless if you plan to hold on to a project that is already in trouble.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

since LUNC massive drop in price, I have the feeling that this coin will never again find a recovery, and in fact, I also thought that this was the end result. IMO, when the CEO of a project is caught, or has problems because of the project he owns, and because of his mistake, then I think the result is that the project will die. investors will lose confidence in the project. this is the same as Centra, and a project that died a few years ago.

True that it is almost impossible to recover for a project after 99.9% crash which had shook the whole crypto industry. Whatever new idea Luna team comes up with this project not attract investment from genuine investors, only speculators will make money by trapping the small investors. It remains to be to be seen how All 6 accused of Terra Farm Labs are arrested as they have have already moved their offices to Singapore.

zasad@

legendary

Activity: 1876

Merit: 4532

Quote from: albon on September 14, 2022, 03:00:15 PM

What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

What difference does it make to you what investors will do, but it is easier to call them forced hodlers. The price of the coin is small and there is no point in selling it. The main thing is that new users do not lose money on this and do not buy this coin. Now only speculators make good money in this market.

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

In my opinion if lunc will be dead but it's already dead. Only those gamblers and stupid scalpers who are always taking the advantage from the uncertainty of luna classic and new luna. It seems like do kwon only is not enough. All of team that involved in terra luna foundation must be jailed as well. I hope that south korea will consider to create a partnership with interpol to catch all of those people behind terra foundation platform. People who bought at hundred bucks will never get their money back again. The future of lunc is full with uncertainty.

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: Mr. Magkaisa on September 15, 2022, 12:20:40 AM

Quote from: albon on September 14, 2022, 03:00:15 PM

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

- Maybe when the value of Luna classic pumped up they already knew that this would be the result of the court verdict, now before this announcement, its value is gradually decreasing according to the Binance exchange, imagine it pumped 0.00049 $ and now it falls playing between 0.00027$.

But I think even if there is an arrest warrant, the only thing that will happen here in luna classic is pump and dump, it's quite risky to buy it or we don't know if it will be listed in the exchanges where it is listed in cryptocurrency.

that's all that will happen to Luna and Lunc's assets. even its stable assets have also decreased. schemes that occur in the market like that will just pump and then throw. like that continues. and I'm increasingly convinced that it's part of the team's manipulation.
they already look at risk after their case. it would be unreasonable that they would get investor support again. so it's just part of the pump and dumps to make more money for them.

Mr. Magkaisa

sr. member

Activity: 840

Merit: 292

Quote from: albon on September 14, 2022, 03:00:15 PM

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

- Maybe when the value of Luna classic pumped up they already knew that this would be the result of the court verdict, now before this announcement, its value is gradually decreasing according to the Binance exchange, imagine it pumped 0.00049 $ and now it falls playing between 0.00027$.

But I think even if there is an arrest warrant, the only thing that will happen here in luna classic is pump and dump, it's quite risky to buy it or we don't know if it will be listed in the exchanges where it is listed in cryptocurrency.

fuguebtc

hero member

Activity: 1820

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: AnonBitCoiner on September 14, 2022, 09:21:03 PM

If lunc founder arrested and this news published on media it will be very bad for Lunc project and also lunc price. Tornado cash was down 3x because of this news and lunc will also down after this news.
I recommend to sell lunc and buy other coin which has no risk Matic and Lido is good investment for now.

This was a dead project that has not been in development for a time, what you are seeing is nothing more than the hype of the sharks at the moment. With the news that the arrest of Luna's CEO will have a short-term price impact but no long-term impact as Lunc is indeed dead.

No coin is 100% safe here, mate. I completely disagree with you when you say that matic and Lido are risk-free, even bitcoin has no guarantees that it is risk-free. The nature of investment is inherently risky and cryptocurrencies are considered the riskiest investment channel.

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

I told you guys months ago to stay away from Luna. It’s pretty ironic that right after it pumps there is news of him getting arrested. Why didn’t they do this months ago?

Luna had a huge pump, largest alt pump I’ve seen in a while and shortly after this news comes out. I think someone led this pump because they knew what would happen.

Xxmodded

sr. member

Activity: 2254

Merit: 309

SOL.BIOKRIPT.COM

Almost all coins when the owner has legal problems the price immediately plunges drastically and there are almost all market delist trades, ever I hold Centra coin have been listed with Binance exchange market but when developer under arrest price drop drastically and Binance announce for delisting trade without few days after the owner get problem.

Terra Luna network looks will drop drastically few days later but depending with cases faced by Do Kwon, he will get second chance for explaining what happen with all Terra Luna Network price drop drastically last several months and he tries replace with new Terra Luna coin version.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: albon on September 14, 2022, 03:00:15 PM

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

The immediate reaction of market was very negative to news of Du Kown arrest warrant. It is better to take exit because its price may fall further in coming weeks unless you have invested small amount which you can afford to lose if LUNC crashes again and makes new bottom. The idea of Burn Tax was not bad and some exchange had supported it but if DU Kown is arrested then massive selling is likely to happen & some exchanges may delist it.

LogitechMouse

legendary

Activity: 2520

Merit: 1040

Catalog Websites

Quote from: albon on September 14, 2022, 03:00:15 PM

I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Why hoping that Luna Classic will not get affected by this news? Are you holding Luna Classic like other ignorant investors out there?

This might be harsh for you, but you have been in the forum for a long time already and yet you don't know that news like this will always have a negative effect towards the project. Just after the article was posted, 2 of their shitcoins LUNA and LUNC dropped double digit percentage which is a good thing and they deserved to get arrested after what happened in their previous project.

Fate of Luna Classic? I just hope that it will be removed in Binance and other huge exchanges. Do Kwon is simply trying to regain the trust, but he can't and will never regain it after what happened last time. There is no sense in holding their shitcoins and traders will just use these coins as a pump and dump coin.

Dave1

hero member

Activity: 1414

Merit: 542

Why do we still need to speculate as to what is going to happen to LUNC?
We've seen what it had done to the market and to it's investors already, so not sure if people are still willing to put their hard earn money on this project. Unless they wanted to have a pump and dump and take that profits right away so at least lessen the money that they have lost.

So it will be obvious that when the founder is going to be arrested and sent to jail, it very well collapse. But then again, there are manipulators around, who are going to play people's sentiment and again do their thing, keep it running through pump and dump scheme.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: albon on September 14, 2022, 03:00:15 PM

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community Sad

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

I really hope that this means this coin is finally going to disappear, I know there are people that decided to take the risk and invested in that coin after it crashed, but that was their decision, no one made them do it, out of their own volition they decided they wanted to take that huge risk knowing that the arrest of the Luna founder was just a matter of time, so if someone happens to lose money in this coin when we all knew it was a scam then the only thing I can say is that I'm not really sorry for them and that they should have known this was coming.

AnonBitCoiner

sr. member

Activity: 1428

Merit: 326

Eloncoin.org - Mars, here we come!

If lunc founder arrested and this news published on media it will be very bad for Lunc project and also lunc price. Tornado cash was down 3x because of this news and lunc will also down after this news.
I recommend to sell lunc and buy other coin which has no risk Matic and Lido is good investment for now.

Topic: What will happen to LUNC after its founder is arrested?! - page 3. (Read 533 times)