Will LUNA 2.0 be a complete failure in the long-term?

Abiky

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Quote from: LogitechMouse on June 14, 2022, 01:11:33 AM

Yes it will. No doubts.

It already is happening. LUNA which is their new coin has plummeted already. They've failed once already and I think that it is enough for the investors to be skeptical with this project. Their failure will be remembered by many investors. Do Kwon's arrogance will be remembered.

Long term? I see the project as a failure like what they did in the first one. Once trust has been broken, it will almost impossible to regain it so long term, I don't see LUNA to be successful. Well, there are still some traders who can took opportunities and trade this coin to gain some short term profits but I'd rather buy other altcoins than LUNA for long term.

LUNA may turn out to be just another "shitcoin" like the rest of the other cryptocurrencies on the market. There's really no substance to it after what happened with the UST crash. Bitcoin is what it's all about, as it enables truly cross-border payments and security/reliability not found anywhere else. There's a reason why it's still the #1 cryptocurrency in the world. The crypto market needs some cleansing as there are too many projects which serve exactly the same purpose as others. Who knows if LUNA 2.0 disappears until it becomes history? Just my opinion

LogitechMouse

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Quote from: Abiky on May 31, 2022, 08:58:04 PM

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What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

Yes it will. No doubts.

It already is happening. LUNA which is their new coin has plummeted already. They've failed once already and I think that it is enough for the investors to be skeptical with this project. Their failure will be remembered by many investors. Do Kwon's arrogance will be remembered.

Long term? I see the project as a failure like what they did in the first one. Once trust has been broken, it will almost impossible to regain it so long term, I don't see LUNA to be successful. Well, there are still some traders who can took opportunities and trade this coin to gain some short term profits but I'd rather buy other altcoins than LUNA for long term.

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Quote from: Abiky on May 31, 2022, 08:58:04 PM

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

As far as I can see, luna 2.0 has not found a new point of trust, people have lost faith in luna, so it is difficult for them to develop in the future, I'm not saying that luna will fail miserably, but regarding development it is very difficult for them to achieve, because the previous luna has hit there are so many investors, let alone many other alternatives that can be utilized by people here, then it is certain that people will never want to be trapped a second time

worle1bm

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The founder has no plans to recover the losses of investors and he has cashed out his profits and it was just another scheme to scam the people.I don't understand how people can trust these stablecoins as they have witnessed how LUNA crashed the whole market taking out billions out of the market.The same was happening with Luna 2.0 and don't expect anything else from it and have not invested in it before also.

ilovealtcoins

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Quote from: X-ray on June 13, 2022, 10:22:49 PM

LUNC already death and there's no reason to hodl this scam coin anymore along with the new lune that is almost die as well. I don't even know why people are still buying this shit these days even during the bearish market.

Because they think its price has dropped a lot and they think it will come back to life and rise again then they will make big profit from it. But in the end things did not go as they thought, once again Luna took all that was left of the greedy people. We should forget about Luna and stay away from it as far as possible, don't expect it to come back. Dokwon will soon be arrested for his cheating behavior.

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Quote from: X-ray on June 13, 2022, 10:22:49 PM

Quote from: rum19980 on June 04, 2022, 01:01:39 PM

LOL LUNA Shit V2 going to 0.00001$ just like LUNA 1 no one will trust this shit again Grin

The same thing is also happening with the luna 2 https://coinmarketcap.com/currencies/terra-luna-v2/

LUNC already death and there's no reason to hodl this scam coin anymore along with the new lune that is almost die as well. I don't even know why people are still buying this shit these days even during the bearish market.

This coin is just a disaster and CEO has found to be a criminal. I hope that founder will be responsible for what he has done by stealing bunch of money.

people just love gambing in shit coin lmao Grin

, they are too greedy, i guess they just wana buy in low price and leave before colapse

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Quote from: Abiky on May 31, 2022, 08:58:04 PM

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain

isn't that obvius

Quote from: Abiky on May 31, 2022, 08:58:04 PM

If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success?

i don't even thing the new version will be huge success, there are too many investor lost his money in luna

X-ray

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Quote from: rum19980 on June 04, 2022, 01:01:39 PM

LOL LUNA Shit V2 going to 0.00001$ just like LUNA 1 no one will trust this shit again Grin

The same thing is also happening with the luna 2 https://coinmarketcap.com/currencies/terra-luna-v2/

LUNC already death and there's no reason to hodl this scam coin anymore along with the new lune that is almost die as well. I don't even know why people are still buying this shit these days even during the bearish market.

This coin is just a disaster and CEO has found to be a criminal. I hope that founder will be responsible for what he has done by stealing bunch of money.

Abiky

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Quote from: hd49728 on June 08, 2022, 06:10:53 AM

Let say only about Terra 2.0, its success or failure should be differentiated with success or failure of Terra 1.0 and price of old LUNA.

Important for everyone, a success or failure project will have winners and losers in their games. All games from all projects are zero sum money games. Losers will blame their failures and loses as failures and loses of projects they invest in. In fact, it is only one part and there are more parts, investors themselves, general market too.

I disappointed with how Terra and Do Kwon handled tbe crisis and their proposal to compensate invetors with Luna 2.0 airdrop. It is not fair for many investors and can not cover their loses.

This tells us that most altcoins are simply not worth the investment. There's a reason many of them are called "shitcoins". Bitcoin is and will always be the best cryptocurrency in the world because of its commitment with decentralization and censorship-resistance. The day altcoins focus on the decentralization, will be the day we can say Bitcoin has real competition. But I don't think that will ever happen, as developers are too greedy these days. Convenience goes on top of security/reliability/decentralization.

With what happened with the old Terra chain, I don't think investors will be inclined to put their money in the new version. There are far better projects with a wider ecosystem of dApps and tokens surrounding them. Who knows if Terra becomes history as another cryptocurrency takes its place in the not-so-distant future? Just my opinion

hd49728

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Quote from: Abiky on June 08, 2022, 05:28:18 AM

The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts Grin

Let say only about Terra 2.0, its success or failure should be differentiated with success or failure of Terra 1.0 and price of old LUNA.

Important for everyone, a success or failure project will have winners and losers in their games. All games from all projects are zero sum money games. Losers will blame their failures and loses as failures and loses of projects they invest in. In fact, it is only one part and there are more parts, investors themselves, general market too.

I disappointed with how Terra and Do Kwon handled tbe crisis and their proposal to compensate invetors with Luna 2.0 airdrop. It is not fair for many investors and can not cover their loses.

Abiky

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Quote from: asriloni on June 01, 2022, 08:08:37 AM

That's too naive to think that if this project has not yet become a failed project. As far as i know if so many people are against the proposal but do kwon was still executing what he was thinkin if that was true. This project didn't even hear the community's response. The founder keep creating the new token to avoid his fault. Creating the token was free but he has been making billions of money gone for nothing. This project was so garbage as fuck.
There's no hope for the new version of terra luna. This will be dumped so hard in the future.

The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts Grin

joeperry

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In my honest opinion even if the project is good and they say that "it will not going to happen again" many investors already lose their capitals and money and I don't think they will going to gamble again with the LUNA, just like what you have said there is a lot of other projects that can be an alternative for investment and I don't think many people and investors will go with the new LUNA 2.0 I am saying this as a perspective of a cryto investor.

RussianEnglishTranslation

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Quote from: fenican on June 06, 2022, 08:51:40 AM

It's a failed project. The only purpose for the original was to promote the concept of algorithmic stable coins. That failed in absolutely spectacular fashion. It's a bit of a miracle the new LUNA isn't also trading at $0. It brings nothing to the table right now. I'm sure the original LUNA and UST holders are happy there is a new generation of idiots who may bail them out of a truly horrible investment.

I never invested in Luna (I put my money in ICP instead) but I do see a future for algorithmic stablecoins (until stablecoins are regulated that is). The problem was that the funds that were supposed to backstop UST were stolen and insiders were allowed to trade their UST for real dollars before the collapse. Luna 1 and 2 are scams, so watch out.

robelneo

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Quote from: Yamifoud on June 05, 2022, 11:40:10 PM

Well, I guess it is time to move on and forget about Luna - they are done already.
Binance had already announced their huge losses from them, many investors had suffered the same thing, I really don't think we can still be hopeful with this project anymore even if they promised to reborn and improve their project.

As it was been said, they have already ruined their reputation and only those who never knew their background will invest.

Who will not be disappointed down 72% since 9 days ago, the new Luna is highly speculative and very risky, investors are having a second thoughts and they are following every news that is coming up, it depends on the news now and how the new mechanism is accepted by the majority of the holders, its a domino effect small investors will follow the reaction of the whales on the news.
So we'll see in the coming months if Luna can still go back, and we can move out from this project and forget Do kwon.

fenican

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It's a failed project. The only purpose for the original was to promote the concept of algorithmic stable coins. That failed in absolutely spectacular fashion. It's a bit of a miracle the new LUNA isn't also trading at $0. It brings nothing to the table right now. I'm sure the original LUNA and UST holders are happy there is a new generation of idiots who may bail them out of a truly horrible investment.

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Quote from: illetyus on June 05, 2022, 02:20:45 PM

Luna 2.0 = Bitconnet 2.0

The different thing is if luna has fork token while bitcoin has no fork token but both were using different trick to scamming the investors.

Quote from: illetyus on June 05, 2022, 02:20:45 PM

Luna has lost all trust. Many people around the world committed suicide because of the Luna collapse. It doesn't make much sense to trust luna again in the long run.

Only gamblers are still remain in the luna market. I don't know what those gamblers are thinking about this shit. They keep talking over and over again about the possibility for luna to go to the moon which is a non sense thing. I just wanna know whether they wanna try to sell their house to buy more luna or not.

Cleopatra04

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Quote from: passwordnow on June 01, 2022, 07:15:55 AM

First of all, it's very unlikely that the 2.0 Luna will return to its old form. It will never happen IMHO. There's no way that they'll get back those billions because it's already spent somewhere by whoever benefited from it. And the Terra owner, Do Kwon, and his team cannot do anything with it. Instead of making some admission of their fault, they didn't do it yet formed a false hope to their investors instead of focusing on getting back the wealth that has been slashed to them. And even if they admit it, they'll never get it back and there's something they know that they don't want to tell to everybody.

I think so too, and thanks for the information.

Yamifoud

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Well, I guess it is time to move on and forget about Luna - they are done already.
Binance had already announced their huge losses from them, many investors had suffered the same thing, I really don't think we can still be hopeful with this project anymore even if they promised to reborn and improve their project.

As it was been said, they have already ruined their reputation and only those who never knew their background will invest.

libert19

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I'll tell you in few years Roll Eyes

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Quote from: Abiky on May 31, 2022, 08:58:04 PM

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

it will be a complete failure. Usually such projects have one chance to win people's trust and once they fail. That is game over for them. People lots a lot of money while staking the UST unstable coin and all Do Kwon did to thank them for believing earlier in the project and even holding the coins during the hard times were rewarded with bread crumbs from an airdrop. What a shame

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