Will LUNA be recovered ever? - page 2.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: monineklutak on May 16, 2022, 04:01:11 PM

there is already too much supply circulating in the market, of course this will make it more difficult for LUNA to increase,
to get at least $ 0.1 only LUNA must have more Marketcap than Ethereum, this makes it difficult, somehow Do Kwon solves this problem,
because many institutions have dumped up to -99% I'm sure LUNA will come back is real

There is no way LUNA is making a comeback, he is not even planning to burn the coins but planning to create another blockchain and then lure investors once again. Binance invested $1.6 billion in it from what i understand and everything is burned and Do Kwon does not care about any investors, he made his money with the scam and i wont be surprised if he comes again with a new project Cheesy

.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: Super Protocol on May 17, 2022, 06:56:23 AM

Billions of new coins were printed.The developers sacrificed their holders to save ust... and Luna is waiting for a new life and with a new price.

I think the printing of new LUNA coins had already stopped a few days ago. If you look at the Total circulating supply, it stopped at 65B and nothing is created after it. The problem is that the huge inflation of token in just a matter of days that make its price drop so much. I don't think that the market will recover soon or more probably it is better to consider our Luna investment as a lost.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: NewRanger on May 17, 2022, 05:50:11 PM

Quote from: koang on May 17, 2022, 05:56:54 AM

Quote from: fzkto on May 16, 2022, 07:47:37 AM

Do Kwon has not yet named a clear mechanism to resolve the situation. The coin is now used exclusively for speculation on the exchanges. The only positive thing may be that the coin has not yet been delisted from exchanges. But that's probably because the exchanges are now earning good commissions on it. But it seems to me that the ending here will be bad.

Yep. Currently, the foundation wants to use its remaining assets to compensate only the remaining UST users, but not Luna stakers.
This is not good, no one will ever stake Luna anymore
Luna is gonna be zero sooner

solution is not good for luna victims, or maybe compensation will not enough to cover investors losses. Do Kwon face serious problem with many investors around the world now , even some of them report Do Kwon to police. during this police investigation , survival plan that proposed could disturb and maybe could not running well.

There will be no compensation and recovery plans are not sustainable just a heads up
Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg only 313 is left out of over 84k Bitcoin now how can they sustain their ecosystem if almost all of the reserves are used up, they have a lot of mistakes, Do Kwon will have have to face all the accusations now of his mismanagement

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: NewRanger on May 17, 2022, 05:50:11 PM

Quote from: koang on May 17, 2022, 05:56:54 AM

Quote from: fzkto on May 16, 2022, 07:47:37 AM

Do Kwon has not yet named a clear mechanism to resolve the situation. The coin is now used exclusively for speculation on the exchanges. The only positive thing may be that the coin has not yet been delisted from exchanges. But that's probably because the exchanges are now earning good commissions on it. But it seems to me that the ending here will be bad.

Yep. Currently, the foundation wants to use its remaining assets to compensate only the remaining UST users, but not Luna stakers.
This is not good, no one will ever stake Luna anymore
Luna is gonna be zero sooner

solution is not good for luna victims, or maybe compensation will not enough to cover investors losses. Do Kwon face serious problem with many investors around the world now , even some of them report Do Kwon to police. during this police investigation , survival plan that proposed could disturb and maybe could not running well.

Their survival plan is quiet not good but of course we can’t expect them to compensate all the losses since that’s a market result and not them, but at least they are trying to make a plan to revive this project and hopefully they can come up into a better plans. Fork might not be the best option for now, they should listen to the expert and follow their advices. Their’s a big security threat against them, if something bad happen to DK that could be the end of everything.

NewRanger

sr. member

Activity: 1582

Merit: 333

Quote from: koang on May 17, 2022, 05:56:54 AM

Quote from: fzkto on May 16, 2022, 07:47:37 AM

Do Kwon has not yet named a clear mechanism to resolve the situation. The coin is now used exclusively for speculation on the exchanges. The only positive thing may be that the coin has not yet been delisted from exchanges. But that's probably because the exchanges are now earning good commissions on it. But it seems to me that the ending here will be bad.

Yep. Currently, the foundation wants to use its remaining assets to compensate only the remaining UST users, but not Luna stakers.
This is not good, no one will ever stake Luna anymore
Luna is gonna be zero sooner

solution is not good for luna victims, or maybe compensation will not enough to cover investors losses. Do Kwon face serious problem with many investors around the world now , even some of them report Do Kwon to police. during this police investigation , survival plan that proposed could disturb and maybe could not running well.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: Len Saldua on May 17, 2022, 04:25:46 PM

Quote from: tooken2 on May 17, 2022, 03:47:47 PM

Looks like a big scam to me, especially now that the UST is back at $1 and stable.

The hell are you talking about ? UST is 92% off it's peg and currently sits at 0.0895
Where do you get this $1 figure from ?

UST is their priority but its current price is still below $1 and I think LUNA will be their biggest sacrifices since based on their plans, LUNA is not their priority and if you have this you can just get small amount of money if they are going to release their new token. Well, its good for me that I only bought small amount of LUNA and what ever their plan is, I just hope its for the benefit of everybody.

tooken2

newbie

Activity: 6

Merit: 0

Quote from: menoiazei on May 17, 2022, 03:57:26 PM

Don't know how I would feel about it if I had bought it at the 100$ range...

Bought Luna for the first time ever at 0.00000something after it collapsed
next day did 3000% up sold some and put sell orders for the rest of the free bag in case it recovers

Hope it does so it buys me a Luna lambo

Luna is the next Shiba dog coin Grin

I'm not mad about buying before it collapsed, whatever the price was, when there were 764M outstanding coins ... that was fair and square.

I'm mad about buying more when it started to get below $1 while they were adding 6.7T coins in 3 days, and kept diluting its value, while not telling investors about it in advance, or NOT TO BUY. Didn't know they could do that because any publicly traded company would need to have its shareholders vote if they want to increase the number of outstanding shares.

tooken2

newbie

Activity: 6

Merit: 0

Quote from: Len Saldua on May 17, 2022, 04:25:46 PM

Quote from: tooken2 on May 17, 2022, 03:47:47 PM

Looks like a big scam to me, especially now that the UST is back at $1 and stable.

The hell are you talking about ? UST is 92% off it's peg and currently sits at 0.0895
Where do you get this $1 figure from ?

good catch... i was looking at USDT (tether), not UST (terra)... thanks.
( terra, tether, smh... should just invest in titties and have some fun Grin

)

still a big scam to add $6.7T to the number of circulating coins though (unless you know something else I missed).

Len Saldua

member

Activity: 252

Merit: 13

Quote from: tooken2 on May 17, 2022, 03:47:47 PM

Looks like a big scam to me, especially now that the UST is back at $1 and stable.

The hell are you talking about ? UST is 92% off it's peg and currently sits at 0.0895
Where do you get this $1 figure from ?

menoiazei

member

Activity: 368

Merit: 24

Don't know how I would feel about it if I had bought it at the 100$ range...

Bought Luna for the first time ever at 0.00000something after it collapsed
next day did 3000% up sold some and put sell orders for the rest of the free bag in case it recovers

Hope it does so it buys me a Luna lambo

Luna is the next Shiba dog coin Grin

tooken2

newbie

Activity: 6

Merit: 0

LUNA will never recover in term of its previous price.

Before the crash, its price was around $80, with 764M coins in circulation, giving it a market cap of $61B.

But they increased the number of coins to almost 6.8T in 3 days (added 1.8B on 5/11, 185B on 5/12, 6.7T on 5/13), so if you simply divide the market cap before the crash by 6.8T, you would get $0.009... let's round it up to $0.01, or 1 cent. So even if LUNA can get back to its pre-crash market cap, what was worth before at $80 is now only 1 cent.

What bothers me is that if a company wants to increase the number of outstanding shares, they would announce the board recommends it, but still goes thru the process to get shareholders to vote. Not here, Do Kwon and his board just quietly did it, and diluted LUNA value to nothing, but did not tell investors NOT TO BUY... Looks like a big scam to me, ~~especially now that the UST is back at $1 and stable~~.

prosperoustop

jr. member

Activity: 658

Merit: 1

I think that team of LUNA knew that some day their reward system will bring such result! but what they expect?? why they did this with their users?

noorman0

hero member

Activity: 1764

Merit: 696

[Nope]No hype delivers more than hope

LUNA's ecosystem restoration tactics can perhaps be clearly analyzed which tends to be insane, as doge's founder suggests.

Quote from: https://twitter.com/BillyM2k/status/1525262148368076800

my recommendation is to stop trying to bring in new victims to fund the previous victims and leave the space forever

If they take a "healthy" step, it may be a bit difficult to rebuild the ecosystem considering that the total capitalization has fallen drastically while the supply is too high. Not just a loss, but the trauma that early holders felt was too deep.

capedbaldy

sr. member

Activity: 832

Merit: 286

Next Generation Web3 Casino

Quote from: Wildwest on May 17, 2022, 08:46:56 AM

Currently the terra luna project is in recovery and many predict that the project will rise again in the near future, and they have again made a statement to eliminate disappointment for investors who have lost many assets, In this case the team must work hard so that terra luna does not enter the ponzi scheme project that wants to seek personal profit, Hopefully this process will run smoothly and can cover some of the investment assets that have disappeared.

There are many speculations that the luna team can recover it for various ways of development carried out for the sake of the community, but based on the news that they do not support the efforts of Do Kwon proposal, but nevertheless they will provide updates periodically because it will greatly affect the Luna project.

Wildwest

sr. member

Activity: 1701

Merit: 308

Currently the terra luna project is in recovery and many predict that the project will rise again in the near future, and they have again made a statement to eliminate disappointment for investors who have lost many assets, In this case the team must work hard so that terra luna does not enter the ponzi scheme project that wants to seek personal profit, Hopefully this process will run smoothly and can cover some of the investment assets that have disappeared.

ringgo96

sr. member

Activity: 1582

Merit: 279

Currently LUNA is doing a renewal and they want to get back on their feet, and all need a process because of the huge price decline so that to bounce back they have to trust the investors so that they trust this project again, because very many investors feel aggrieved by the incident and some exchanges are also experiencing this problem, In the near future I think it is difficult to bounce back to the highest value.

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

Despite the mixed opinions of others, I chose not buy LUNA because I know it’ll come down to the Earth even if the founder announced on Twitter that they will be having a LUNA fork and also planning to destroy UST once and for all. I don’t trust their long term plans. Even if there will be a fork airdrop ongoing for those who are holding LUNA, they will dump it anyway. So both LUNA and the newly forked LUNA, will both go down anyways.

I ended up buying Bitcoin instead at the $30k range. Grin

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: monineklutak on May 16, 2022, 04:01:11 PM

to get at least $ 0.1 only LUNA must have more Marketcap than Ethereum, this makes it difficult, somehow Do Kwon solves this problem,

It's almost having the same marketcap like bitcoin. Bitcoin is having around 700 billions marketcap and remember if this time the total circulation of terra luna was around 6.9 trillions. That means 690 billions marketcap once terra luna will be achieving the same marketcap like bitcoin.

Quote from: monineklutak on May 16, 2022, 04:01:11 PM

because many institutions have dumped up to -99% I'm sure LUNA will come back is real

Im not sure about this and what institution? Did you see how binance has got nothing from their investment. VC and institutions that already invested in this company has been loosing a lot.
They got nothing from what they have invested before

Super Protocol

newbie

Activity: 42

Merit: 0

Billions of new coins were printed.The developers sacrificed their holders to save ust... and Luna is waiting for a new life and with a new price.

koang

sr. member

Activity: 2422

Merit: 264

Vave.com - Crypto Casino

Quote from: fzkto on May 16, 2022, 07:47:37 AM

Do Kwon has not yet named a clear mechanism to resolve the situation. The coin is now used exclusively for speculation on the exchanges. The only positive thing may be that the coin has not yet been delisted from exchanges. But that's probably because the exchanges are now earning good commissions on it. But it seems to me that the ending here will be bad.

Yep. Currently, the foundation wants to use its remaining assets to compensate only the remaining UST users, but not Luna stakers.
This is not good, no one will ever stake Luna anymore
Luna is gonna be zero sooner

Topic: Will LUNA be recovered ever? - page 2. (Read 729 times)