Will LUNA's downfall scare away investors from the crypto market? - page 4.

crwth

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Quote from: masterrex on June 11, 2022, 11:02:06 AM

Absolutely because it's a negative issue thats why it can affect the investor's confidence and mindset, but I think it's not permanent because it's not the first time that something happen like this, so it will return and back to normal after the Luna issue will fade away.

I think that's always to be a case when you cannot really understand or show the fact why it happened in the first place, hearing about the negative news would cause an outcry to not invest in it anymore. When there is more positive news, definitely it will be forgotten and would be a reason to come back to cryptocurrency again.

Quote from: masterrex on June 11, 2022, 11:02:06 AM

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.

You should look at it from the layman's point of view. If you don't know anything about cryptocurrencies and then you are risking money to invest in something like this, it would be really challenging to overlook a big issue like Luna. It's not going to be a good thing if you don't know or study anything about it. It's going to be hard to and they might get scared of it happening to them again.

masterrex

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Absolutely because it's a negative issue thats why it can affect the investor's confidence and mindset, but I think it's not permanent because it's not the first time that something happen like this, so it will return and back to normal after the Luna issue will fade away.

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.

Cling18

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Quote from: Kemarit on June 10, 2022, 03:06:42 AM

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

The damage has been done so I guess it's already over for Luna. The investors won't trust them again because of what happened and we can't blame them for that because they have lost a lot. However, I don't think it will stop old investors would get rid of investing with other altcoins because of what happened. Old investors experienced things like these before so they already know that it's part of the risk of crypto investment.

ultrloa

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Quote from: Saisher on June 11, 2022, 08:48:00 AM

Quote from: Kemarit on June 10, 2022, 03:06:42 AM

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

If you're an old investor and you lose when it crashes and you invest again that's double jeopardy for you, Luna is crashing and Do Kwon is being summoned by SEC and the Korean authorities, it's obvious where they are heading, they are heading to their downfall, what happened to Luna is unprecedented and people have now something to watch out, and that is a sign that another coin will head the way as Luna went, so better check the developers of the coin/token you're holding see if they are manipulative and hard-headed like Do Kwon.

Maybe just think about that never to hold any alts way below the top 5 on the market because we already see how Luna wrecked by the attack and this could also happen to any other coin so we should always think about selling when in profit rather than holding it continuously which can give us bad taste just like what we see on supposed to be a good coin and stable one manage by Do Kwon. Now for sure its very hard for them to recover because many investors lose some interest to them already.

Saisher

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Quote from: Kemarit on June 10, 2022, 03:06:42 AM

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

If you're an old investor and you lose when it crashes and you invest again that's double jeopardy for you, Luna is crashing and Do Kwon is being summoned by SEC and the Korean authorities, it's obvious where they are heading, they are heading to their downfall, what happened to Luna is unprecedented and people have now something to watch out, and that is a sign that another coin will head the way as Luna went, so better check the developers of the coin/token you're holding see if they are manipulative and hard-headed like Do Kwon.

RealMalatesta

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Quote from: Kemarit on June 10, 2022, 03:06:42 AM

It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

That is true, it is a hard lesson, but a lesson the whole market needed to have. I mean we started to trust things just because they are high ranked for years now because of the bull run. Now, thanks to Luna and UST crash, people are not looking at even top 10 as a sure thing, nothing is guaranteed anymore and that matters a lot.

I believe that we need to provide something to the table that makes a lot more sense. I know for a fact that it won't be easy, but if we adjust to "anything bad could happen" mindset, then we will take a lot less risks, be a lot more long term, and be a lot more patient with the markets and make a ton of profit.

Kemarit

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^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

fuguebtc

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Quote from: Sayeds56 on June 09, 2022, 10:02:19 PM

Quote from: Abiky on May 16, 2022, 08:10:46 AM

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

Luna crash has already given enough damage to the market which is evident from consistent bearish trend after this unfortunate incident. Honestly speaking it has scared away Investors which is visible when we look at declining coinmarketcap that simply means capital flight from crypto market. Market participant fear further crash in many other projects like Solana and even stable coins are vulnerable because all of them are not fully backed by Fiat dollars.

The collapse of Luna sent the entire market into a state of panic, no one could have imagined that a potential coin was born and developed for many years and today it has achieved brilliant results and collapsed almost completely in less than 2 weeks.
This has been a real shock to the crypto industry and I think people are starting to be more cautious in their investments. Luna showed us how even a good coin can collapse at any moment.

Sayeds56

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Quote from: Abiky on May 16, 2022, 08:10:46 AM

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

Luna crash has already given enough damage to the market which is evident from consistent bearish trend after this unfortunate incident. Honestly speaking it has scared away Investors which is visible when we look at declining coinmarketcap that simply means capital flight from crypto market. Market participant fear further crash in many other projects like Solana and even stable coins are vulnerable because all of them are not fully backed by Fiat dollars.

ethereumhunter

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I guess LUNA's investors have already left the project because many are losing their money while investing in it. They do not want to have another loss so they take their money away and search for another project which can be profitable in the future. The project itself seems can not sustain and raise after the bad things happen. I was one of the previous investors but I had already sold my LUNA at the middle-high price and used some funds to buy back at the lowest price. I am willing to see what will happen later and can accept anything that happens to that project.

gianlamin11

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Maybe i would agree a part but bitcoin is the only crypto which i have trust and also the only hope on the market beside luna crush people now will learn and aware of such kind project and will also reserch before investing there hard earn money.

Abiky

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Quote from: Oasisman on June 08, 2022, 03:15:03 PM

Well, that's not far off from happening to every alts in the market. One greedy mistake from the developers/founder that mints millions or billions of supply, that would always cause a tragic fall. What happened to Luna might happen to every alts in the market.
Crypto investors has no reason to be afraid of investing in crypto again if they understand the risks lies after they put their money into it. Only those who has no basic understanding how crypto works will get afraid of what happened to Luna.

I don't think what happened with Terra/LUNA was a result of greed, but rather bad planning from developers and the founder. They tried to save the UST peg, but increasing LUNA's supply did not help. After things didn't turn out to be as they hoped for, a new chain was proposed aiming to bring a fresh start to the project. The community disagreed with the fork, yet developers (and the founder) continued to carry on with the same. If they would've listened in the first place, perhaps Terra/LUNA would've been sitting among the top ranks in market cap by now.

Something similar might happen with other alts if developers are careless. There's a reason why Bitcoin is still the #1 cryptocurrency in the world. While other coins lack decentralization and are often hyped, Bitcoin provides a sound financial system that delivers as intended. Who knows if 99.99% of cryptocurrencies disappear (LUNA included) within the not-so-distant future? Just my thoughts Grin

Oasisman

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Quote from: NicNacCoin on June 01, 2022, 02:48:41 PM

Of course the money people have lost from Luna will scare people from investing for the rest of their lives.This is the first time in my life that I have seen such a popular and the best coin of the year being scammed.I've never seen anything like it. Luna answer will intimidate every investor and deter people from investing

Well, that's not far off from happening to every alts in the market. One greedy mistake from the developers/founder that mints millions or billions of supply, that would always cause a tragic fall. What happened to Luna might happen to every alts in the market.
Crypto investors has no reason to be afraid of investing in crypto again if they understand the risks lies after they put their money into it. Only those who has no basic understanding how crypto works will get afraid of what happened to Luna.

zasad@

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Quote from: dezoel on June 03, 2022, 06:58:23 AM

Quote from: zasad@ on June 01, 2022, 06:53:05 AM

The LUNA team committed a big scam. The airdrop must be for all UST token holders both before and after the attack. Luna tokens were distributed only to owners of UST tokens before the attack, who used their tokens in Anchor Protocol. Holders of UST tokens before the attack did not receive compensation for losses.

Interestingly, I disagree with this. I do not think that they scammed anyone, I do not think that they are bad people, I just believe that they are morons who couldn't protect the money they were given and they just did stupid things.

Maybe I am wrong, and they actually did scammed people, maybe Do Kwon is a bad person who stole your money, but to me it looks like they tried something and did it legit and ended up losing a ton of money while doing it and other people scammed them out of your money. It is like a bank getting a bank robber, the bank is not the responsible party there, the robber is, but the bank lost your money, so you would be angry at the bank of course.

you can call it whatever you want, but it's a scam. The best traders earn 20% per year, the best traders in the world have earned about 20% per annum for over 20 years in a row.
Why did this project promise a 20% annual reward in stablecoins? For getting UST you need TERRA coins. Demand for Terra is growing at a tremendous pace, so you can promise a profit of 100% per annum, but the bubble will burst anyway.

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Quote from: LUCKMCFLY on June 03, 2022, 10:01:04 AM

I think that the fall of LUNA will not scare away any investor from the market, on the contrary it will attract more towards btc because they will consider it the safest of all investments, it is clear that they can establish some altcoins as the best refuge options when BTC is trending bullish and want to do maybe a 2x, 3x, 10x in the best of scenarios, but those who lost with LUNA know very well that they were exposed to the fact that something like this could happen, in fact any cryptocurrency can happen, and it is very minimal the option that BTC happens something like that because there is very strong institutional investment.

yes, you are right, crypto users and investors today will not be afraid of the market because of the fall in LUNA, even with the decline in luna, crypto users are more inclined to invest in coins that have strong fundamentals such as BTC, ETH and BNB, but everyone is only wary of tokens that have a low level of stability, and it's best to avoid coins or tokens that are still in the development stage, and certainly won't repeat the same mistake wanting to re-invest in a new version of LUNA.

Abiky

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Quote from: zasad@ on June 01, 2022, 06:53:05 AM

The LUNA team committed a big scam. The airdrop must be for all UST token holders both before and after the attack. Luna tokens were distributed only to owners of UST tokens before the attack, who used their tokens in Anchor Protocol. Holders of UST tokens before the attack did not receive compensation for losses.

That's totally unfair. Without taking into consideration all UST holders, the crypto project will quickly lose investors' confidence. I've seen investors' reactions towards the new Terra 2.0, and I have to say they're not pretty good. Without solid backing from these key players on the market, how will the project succeed in the long run? I hope the LUNA/UST crash won't scare away investors from other cryptocurrencies, or that would mean the end for this exciting revolution. At least, the negative effects of the crash won't last for long. As long as decentralization prevails, nothing else matters. Just my opinion

Japinat

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Quote from: Abiky on May 16, 2022, 08:10:46 AM

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

I would admit that the LUNA's downfall has created fears in the market especially for those newbies who are only thinking about money making, and this scenario gives them a big lesson. However, i don't think that this will totally scare away all those who plan to invest in crypto because not all coins have the same fate with LUNA, others have succeeded while some ended up in zero value. Just like bitcoin, no one can tell that this could survive even a decade, but here it is right now, still standing firm and its far happening from its downfall. I guess its a matter of positive mindset and the right choice of coins.

lixer

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Quote from: asyakashi on June 03, 2022, 10:04:13 AM

Some investors who are new to cryptocurrencies and are recommended to invest in LUNA must experience severe depression and trauma. With that incident I'm sure some of them really think cryptocurrency is a big scam. But in fact they may not have researched the big risks of investing because they were only consumed by the talk that was in LUNA who bought at the initial price.

It is hard to admit it but that is going to be the case that happens if ever the first investment that they picked up is luna or not just luna but any other cryptos that can end up on the same path as luna. We are lucky because by the time we enter here, there are still less scams and it was bitcoin is the one that we pick up first.

If ever there are crypto enthusiast around the people that invests in luna, they can give comfort and educate those people that it was possible for crypto scams to be avoided and not all cryptos are like that that can heavily collapse. Let us only hope that the second time they come back they will now choose the right coin this time because if not then they won't give cryptos a chance anymore.

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Quote from: LUCKMCFLY on June 03, 2022, 10:01:04 AM

I think that the fall of LUNA will not scare away any investor from the market, on the contrary it will attract more towards btc because they will consider it the safest of all investments, it is clear that they can establish some altcoins as the best refuge options when BTC is trending bullish and want to do maybe a 2x, 3x, 10x in the best of scenarios, but those who lost with LUNA know very well that they were exposed to the fact that something like this could happen, in fact any cryptocurrency can happen, and it is very minimal the option that BTC happens something like that because there is very strong institutional investment.

In terms of hard learning process, those who lose from Luna will now realize how quick your money will be liquidated if you don't analyze that well, the dumped that take place is reality, there's no easy access to success, everything should be taking into account that if you invest with good and solid asset like Bitcoin, the chance of gaining as passive is possible while aiming for quick profits using alts always have this kind of high risk.

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Quote from: LUCKMCFLY on June 03, 2022, 10:01:04 AM

I think that the fall of LUNA will not scare away any investor from the market, on the contrary it will attract more towards btc because they will consider it the safest of all investments, it is clear that they can establish some altcoins as the best refuge options when BTC is trending bullish and want to do maybe a 2x, 3x, 10x in the best of scenarios, but those who lost with LUNA know very well that they were exposed to the fact that something like this could happen, in fact any cryptocurrency can happen, and it is very minimal the option that BTC happens something like that because there is very strong institutional investment.

Yes, going through luna downfall i see more people starting to go back to bitcoin than trying to make a quick profit from altcoins and shitcoins. Luna was an expensive lesson that many had to pay. Cryptocurrency is really risky and it becomes even riskier if you invest in a currency other than bitcoin.

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