Will LUNA's downfall scare away investors from the crypto market? - page 8.

MAAManda

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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?

Of course not for today's crypto market investors, because we have been through things like this even though we weren't the main victims, do you still remember the case of NXT, or the first big bearish Bitcoin?

What I'm afraid of is how the new potential investors in crypto will respond, of course the news about Terra (LUNA) spreads everywhere, and people who have never been in crypto also know the news about it. If potential new investors in crypto are frightened by the news about Terra (LUNA), then the market cap will be very difficult to increase.

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

Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

Why not? Decentralization is a system of freedom, and everyone will fight for it. Wink

aprilnot

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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 think it won't scare investors who want to buy crypto. but on the other hand there will be long-term impacts such as regulation. It's undeniable that for the past few days everyone's attention has been on the Luna problem, and that's why this could be an excuse for the government to make regulations.

Abiky

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Quote from: cabron on May 16, 2022, 10:13:42 AM

With how Luna turned out, an investor would be paranoid which of the tokens in his portfolio be the next that will pop because if it does have a stablecoin in its platform, its could very well likely be attacked.

But its not the only reason why they are scared, its because were in the bear market. The fud and fear come along with tragic Terra Luna's demise.

The bear market alongside LUNA's collapse will scare away investors within the short-term. Long-term speaking, things will get better as crypto/Blockchain tech continue to take the world by storm. Even though prices are going down at a fast pace, development is still happening behind the scenes. Cryptocurrencies will become much faster and cheaper than before as new scaling techniques are implemented into the Blockchain. With the upcoming ETH 2.0 upgrade, the increasing adoption of Bitcoin's Lightning Network and new "De-Fi" platforms with attractive features, crypto is bound to become Fiat's biggest rival in the future. As long as decentralization prevails in the long run, nothing else matters. Just my thoughts Grin

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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?

It could, but i would argue that it will only scare away people who know little about the crypto network, let us be honest, quite a lot of investors who bought that project did so basically cause of hype, and a bid to get rich quick, i am pretty sure most of them did not do their homework/research, they just thought of it as a medium to double their money, and we all know what is likely to happen when investors do that.

Now the thing is this, for investors who have been around for so long, and who know a lot about pump and dump coins, they would not be too worried or scared away, even if they lost money to the project, they would understand that it is the risk one has to take when you invest with such pump and dump project, but for investors who are prolly relatively new to the network and straightaway lost money to Luna, i am pretty sure that could be the last time they invest, at least in a long while, till they do their homework.

Having said that, non-crypto people are not left out as well, all of the news about Luna would give them many more reasons to avoid crypto all together, but quite a lot of them wouldn't understand that the problem isn't with crypto generally, but the particular network you invest in.

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It's not only making so many people scared to see that but remember that so many influencers with big followers were also being affected caused by this dump and they were loosing millions dollars of money. The LFG funds were not enough to give whole of refunds to the all of investors.
The ability for the project to wake up again from its sleep is almost zero for now. Many people in the market have been loosing their life and some even ended their life by doing suicide which was the worst decision that can be taken.
The life was only once and it can't come again and people must think about that but the problem was developer didn't even care.

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With how Luna turned out, an investor would be paranoid which of the tokens in his portfolio be the next that will pop because if it does have a stablecoin in its platform, its could very well likely be attacked.

But its not the only reason why they are scared, its because were in the bear market. The fud and fear come along with tragic Terra Luna's demise.

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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?

The situation surely have created a temporary scare for investors who like to invest particularly in new projects. Many have lost a lot and most definitely their faith in the market has definitely reduced. The crash was substantial. I however feel that although people may become more reluctant to invest in new projects, it will not stop people from the crypto market which to some have given more than it has taken from them. There is still hope for LUNA by the way.

Abiky

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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.

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