Will LUNA's downfall scare away investors from the crypto market? - page 6.

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

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.

Yes but it will be temporary and after few months, new investors will come again and invest into crypto

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Those who invested all their money into LUNA and lost all of it are the ones who are affected the most right now. There's a chance that some of them will not invest into crypto again, some might try to invest only into Bitcoin and Ethereum only and some might just restart again and invest into safer projects.

Overall, this incident will last for a few months but after that it will be forgotten like what happened to Bitconnect and Centra. Nobody is talking about the 2 projects anymore and it will be the same with Terra and LUNA. There will always be new investors that will come and some of them will just ignore what happened to Terra LUNA and just focus more in investing safer coins.

Quote from: JangoUnchained on May 23, 2022, 09:27:29 AM

I have seen the Bitconnect scam years ago and I have witnessed the crash of BTC down to 3500$ in match 2020 due to CovID19 so this Luna crash isn't even big enough compare to what have happened in the past, we move.

Bitconnect's ponzi scheme is way worse than what happened to Terra. Just imagine a coin from $400 to now less than a dollar Cheesy

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JangoUnchained

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I have seen the Bitconnect scam years ago and I have witnessed the crash of BTC down to 3500$ in match 2020 due to CovID19 so this Luna crash isn't even big enough compare to what have happened in the past, we move.

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That can happen because I believe some LUNA investors are beginners who seek advice from people who want them to join LUNA. Actually it's not wrong because LUNA is also a good coin initially in the top 10 coinmarketcap positions, but who would have thought it would turn out like this. Some people must be stressed, some media, even tweets that someone has committed suicide because of their loss at LUNA. If they are newbies who are still surviving I'm sure they will be traumatized to invest in cryptocurrencies.

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LUNA’s downfall that shake the entire crypto market is just like any circumstances and bad events happened from the past few years where it is just giving us a temporary scare. If you look at the great Bitcoin crash of 2018 from almost $20k down to $3k, the bears dominated and won (especially those who shorted BTC all the way). But at the end of the day, Bitcoin rose up even much higher and exceeded our expectations.

Then here comes China outlawing cryptocurrencies that made Bitcoin go down from $50k to $30k, but eventually got back up again much stronger and closer to $70k. So LUNA’s downfall is no exception. The entire crypto market would eventually come back stronger again as I have already started doing DCA with Bitcoin recently.

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Never, there have been more scary cases in crypto history than that of Luna crash and moreover, ask yourself why people are still investing even after the crash, as you can see people are already accepting the risky part of the crypto investment as a normal thing.

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Quote from: Mehedi72 on May 22, 2022, 05:18:19 PM

I believe because of luna, most of investors start losing trust on crypto market. Cause if top coin like luna can scam, then scamming will be more easier for others altcoins! That was a worst incident and dont have any hope or strategy that could let luna come back to its primary structure. But i also believe, this is temporary, new people will forget luna (except investors) and they'll join crypto market for others altcoin

It's quite disappointing with massive losses incurred by investors of LUNA, I never believe such a crash will ever happen to LUNA a once promising Altcoins, who knows what will happen next to their coin? I believe investors will begin to take extra caution in their crypto investment especially in a new and some an existing projects, non regulations of cryptocurrencies gave rise to many scam projects, the sudden crash in LUNA reaffirmed the fact investing in Bitcoin, Ethereum and BNB is more reliable and credible, investment in those coins is save and scam-free though profit might not not be in 3x,5x etc. compared with other Altcoins.

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

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've tried to find sources about investors related to Luna, for now I don't find investors who say they are afraid, but the losses they experience are there, but they are not saying they are afraid and will not invest in crypto.

My assessment is that investors have considered things like that/risks, maybe they still do it, even though things like this have to happen like Luna.

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Quote from: Jackl87 on May 17, 2022, 08:20:06 AM

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.

Long-term speaking, the crypto market will gain confidence among investors and traders alike. But don't expect any capital inflow across major cryptocurrencies right now. Sadly, prices are heading south because of the LUNA crash. There's a lot of FUD across mainstream media outlets, temporarily damaging crypto's reputation. If you're smart enough, you'd take this opportunity to buy as much discounted coins (not LUNA, of course) as possible.

I'd stick with the good-old coins (eg: Bitcoin, Ethereum) just to be safe. With every new technology, we're expected to see "hiccups" along the way. As long as issues are addressed, crypto/Blockchain tech will become bigger and stronger than ever. Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better? Just my thoughts Grin

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The level of fear across the cryptocurrency market is extremely high. I think there is no doubt that this is due to the collapse of the LUNA project in the last days. At the moment, LUNA is not able to get up simply for technical reasons. Even if they manage to fix the mistakes in the project, it still have very little chance of rebuilding the previous position on the market. In my opinion, this project is a thing of the past and will never get back on track.

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Quote from: kawetsriyanto on May 22, 2022, 07:39:53 PM

Normally yes, at least it will give a warning for investors to be more careful in investing. Moreover worse by the media that make many new or old investors also panic and afraid of the situation.
Actually, LUNA is one of the top coins, but in fact, even if it is a top coin, it can drop significantly like shitcoin that is crashing very deep, until the price seems almost to be zero at that time Grin

However, glad that Luna still has a chance to rise up although it still cannot rise up significantly to turn to the previous price, it will be very difficult.
The crashed price ofLuna of course will teach us many things, moreover, investors to be careful and smart investing. Investing in altcoins will be always risky, that is why never be all in when we are investng. Diversifying our money into several top coins is good enough.
Moreoevr the most money is used for investing in Bitcoin, this is great enough.

It may create panic especially for newcomers in crypto.
But it won't stop them to invest in this market as there are other promising alts that they can see in this market.
And this will also give them lesson that even a seemingly solid project can crash in this market.
How many times have we seen a solid project crashed, and yet, there are still people who continuously support this market?
It goes to show that even if people are getting screwed by these crap projects, they still hope for the best for other coins.

kawetsriyanto

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Normally yes, at least it will give a warning for investors to be more careful in investing. Moreover worse by the media that make many new or old investors also panic and afraid of the situation.
Actually, LUNA is one of the top coins, but in fact, even if it is a top coin, it can drop significantly like shitcoin that is crashing very deep, until the price seems almost to be zero at that time Grin

However, glad that Luna still has a chance to rise up although it still cannot rise up significantly to turn to the previous price, it will be very difficult.
The crashed price ofLuna of course will teach us many things, moreover, investors to be careful and smart investing. Investing in altcoins will be always risky, that is why never be all in when we are investng. Diversifying our money into several top coins is good enough.
Moreoevr the most money is used for investing in Bitcoin, this is great enough.

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Such a situation in Luna will surely frighten new investors. Those who invested in Luna ate a lot of loss. This loss will put every person in a lot of fear.I think every investor should learn something from this. One should not invest in something and leave it after making enough profit.Some profits should be sold.

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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.

Why? Cryptocurrency as a whole has seen so many "Luna's" co.e and go. If bitconnect didn't scare anyone away why would luna. I mean yeah people who lost a ton in luna might be weary but in general it's not going to scare the masses away.

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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.

In my case, I did not invest in Luna and I'm an old investor who has already seen a lot of bad things although this is the worse in one coin, that doesn't stop me from believing and investing in Cryptocurrency I know that the market is highly volatile and old investors like me will not be sway with what happened to Luna, I cannot speak to other investors but we all made profit from one coin to another one time or another and one setback will not stop us.
Maybe new investors will have a second thoughts but this is not Bitcoin where the mechanism is highly stable, compared to this dollar peg coin.

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I believe because of luna, most of investors start losing trust on crypto market. Cause if top coin like luna can scam, then scamming will be more easier for others altcoins! That was a worst incident and dont have any hope or strategy that could let luna come back to its primary structure. But i also believe, this is temporary, new people will forget luna (except investors) and they'll join crypto market for others altcoin

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Quote from: Blowon on May 17, 2022, 10:22:29 PM

I am sure that the LUNA incident will not deter investors at all, especially if they are old investors from 2018 who have often faced project conditions like this. But for ordinary people, they will be really afraid to invest back into cryptocurrency, surely they think that crypto is a real gamble from the LUNA incident. And the info I got was that at least some people committed suicide because of this, that's what's terrible.

That not all investors have assets in holding Luna coins so that only some investors are traumatized because they did not have time to cut losses during a decline, but even though they were not actively trading at Luna, the drastic decline that occurred in Luna was the most terrible in crypto history.

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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.

there may be a feeling of fear, but not as big as the desire to get a big profit. The average person who buys crypto is aware of the risk of losing their funds, and they can compromise with that because their goal of buying is getting rich quick. You can ask friends or people you know. what is their main purpose of buying crypto like bitcoin, ethereum, bnb and others. most would say to get a big ROI. they know there are a lot of problems like scam projects, hacks etc and they think it's normal.

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Quote from: Rengga Jati on May 17, 2022, 07:46:19 PM

Btw, in my opinion, there are some conditions:
1. For professional or old investors
No, this will not scare them, but this will warn them to be more carefully, wisely, and smartly in managing the crypto-investment
2. For people who lost much in LUNA
They are the ones that are very suffering, so some of them may be likely traumatic with crypto.
3. For common people
They will think that crypto is exactly scam, as usual

I agree, for old investors will not scare him. there are even among them who still buy luna at the lowest price and earn big profits. but for those who buy at high prices, it will be a disappointed for a long time. and ordinary people who are new to crypto must think that crypto is an investment with very high risk.

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I am sure that the LUNA incident will not deter investors at all, especially if they are old investors from 2018 who have often faced project conditions like this. But for ordinary people, they will be really afraid to invest back into cryptocurrency, surely they think that crypto is a real gamble from the LUNA incident. And the info I got was that at least some people committed suicide because of this, that's what's terrible.

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It's not only scare away the investors from crypto but triggering so many countries in demand to release the regulation for the stable token. This gonna be a domino effect for all of crypto ecosystem. The regulation will become more tightening than before. People are still in demand to get back their money from luna developers. The total tokens in the circulating supply keep increase from time to the time. This pretty similar like time bomb for luna. The crypto ecossytem gets negative impact from the fault that already made by luna developers.
You must welcome regulation for the stable token soon. Luna is the worst thing that i have ever seen and so many stupid people bought this garbage coin

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