Will Terra (LUNA) recover some time in the future? - page 5.

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: TopT3ns on May 20, 2022, 03:00:42 AM

I don't think it's possible, Terra Luna probably won't be able to continue unless they create new tokens, but from the cases that have happened, it will make the founders of Luna criticized by many people and will probably have a hard time getting investors again, I'm sure they've been too disappointed with the founder of Luna and will never provide support again.

there is news regarding the snapshot regarding the Luna holder. it's a related update from Terra 2.0 team. I'm not sure it will go smoothly. because this news is still uncertain.
although the developer's efforts to pay for their mistakes are currently quite harsh. it will still be difficult to restore investor confidence. This can be used only to get airdrops and then leave the project.
I think it will be difficult for Luna to return everything they have achieved before they destroyed themselves.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: Abiky on May 16, 2022, 06:58:00 AM

Terra (LUNA)'s been going downhill at a very fast pace ever since UST lost its peg a few days ago. It went from its ATH of $120 to just $0 in a few days. Right now, the cryptocurrency is struggling to reach $0.01 as investors continue to sell it like crazy. Supply is increasing at a very fast pace, as the team tries every effort possible to help restore UST's peg. Given how low Terra has fallen, I wonder if investors will gain back confidence in the project sometime in the future? Crypto is highly risky so either LUNA dies or rises from the ground up.

What do you think? Are there hopes for LUNA to recover some time in the future? If not, why? Is it a great idea to buy the dip now? Your input will be greatly appreciated. Thanks in advance.

I don't think it's possible, Terra Luna probably won't be able to continue unless they create new tokens, but from the cases that have happened, it will make the founders of Luna criticized by many people and will probably have a hard time getting investors again, I'm sure they've been too disappointed with the founder of Luna and will never provide support again.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Finestream on May 19, 2022, 05:50:08 PM

Quote from: Doell on May 16, 2022, 01:14:52 PM

There is no hope for this product up to the moon again, it will just continue to be thrown away and may become worthless in the future or the price could return to 1 dollar if the developer only focuses on this coin, but I don't think its possible. Lost a large of Investors and they will not return because they are definitely worried that in the future for same situation will repeat again, if anyone really wants to invest in this product it is better with a very small amount of funds, but risking anything in this product is not worth it. Sorry !

If a single coin has already dropped drastically, investors will now have fears investing on it again because there are more chances that the current scenario will keep on repeating again, so they are only risking their money for another downfall of the coin. As much as they want to invest, i think its better if they can focus investing on bitcoin instead as no matter how the bear market attacks, bitcoin value has still never dropped to zero.

LUNA a month ago was at the price of $ 119 and now it has fallen very drastically to below $ 1. Such a thing is dire for investors, so any hope of
LUNA's recovery seems highly improbable. Me and some of my friends are not interested in investing in LUNA anymore. Because for me it is impossible
for LUNA to restore investors confidence with a very drastic price decline in a relatively short time. What you say is absolutely true, instead of me
taking a very high risk by buying LUNA, I'd rather focus on investing in Bitcoin or some top coins that have high demand and also a pretty good
track record. So I suggest we all move on from LUNA, because there are projects that are better and more profitable than taking the risk of investing
in LUNA.

MiF

sr. member

Activity: 1442

Merit: 258

Reward: 10M Shen (Approx. 5000 BNB) Bounty

I think it depends on the future development of the project
Luna price drop drastically and i think it needs a lot of time to revover. If the project developer works hard and make a new twist or strategy then maybe it will rise back in the near future, i already buy luna for just 10$ and wait till the price rise, 10$ is not a big loss if ever Luna didn't recover in the future so my suggestion buy and hold.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: Abiky on May 19, 2022, 06:56:36 AM

I hope the LUNA team does the right thing in the end in order to help restore crypto's reputation worldwide. Otherwise, it'll take a long time before investors gain confidence in the entire crypto/Blockchain space. Right now, the Terra community and validators are divided on what the project's future direction will be. Some will support the fork, while others will support burning the existing LUNA token's supply. What will happen by the end of the month, is a mystery. A re-branding might be necessary in order to bring back people's trust.

They did bad things at start of the crisis and during the crisis, they handled it very bad. I don't trust that they can handle it well after the fork. They might create pump games for new LUNA after that but it might not be a successful new project. People want to gamble, there is a new game for them with new LUNA

Quote

If you buy LUNA right now, you'd be risking your money as it could fade into oblivion at a very fast pace. I'd just wait and see what happens in the next few days in order to make a decision. As long as decentralization wins, nothing else matters. Just my thoughts Grin

LUNA Classic will be in mud after the fork. Who will be responsible for its development? The ecosystem will be in mud and it will be like a walking dead project after the hardfork.

It won't die and might have pump games like Ethereum Classic but waiting for it is too long. It will take too long to see pump games.

panduryk

full member

Activity: 516

Merit: 105

Quote from: Farma on May 17, 2022, 01:57:25 AM

Hopefully, LUNA will return to a fairly high price in the future. however, given the current state of affairs, I'm quite skeptical about it. for now, the price is stable in the range of $0.00018 to $0.0002. that's a very far cry from the initial price, even $1. other than that, I saw on CMC that there is no data for this coin in its max supply. however, it is very difficult to expect this coin to return to its original state, even because of this, the effect of doubt is also affected by several other large projects. it's just that, at this point, the devs may still be trying to get things back on track because I've seen some exchanges delisting this coin. Well, hopefully there is hope for that in the future.

Its look really very skeptical now. about max supply on CMC, it coz Luna don't have Limited in supply, and this saying that Luna can create more and more coins, they haven't difficulty bomb or etc. This happened when UST fell in price, they created billions of Luna in the hope of supporting the stablecoin, but as we can see, they didnt succeed it. I hear that he wanna make a burn system, its may help a bit, but hey anyway need to create a new blockchain, and here are a lot of coins now, so anyway luna cant be reach good price in future, one mind its if they will make Luna v2 with new blockchain, with fix previous errors.
But how we can believe them now???

kojektea

sr. member

Activity: 2296

Merit: 256

Vave.com - Crypto Casino

If you look at the information data we receive today, if you mean LUNA which once reached tens of dollars, I'm sure they really won't recover forever, this has been proven where the devs have run out of large amounts of btc funds for UST backups have completely run out and it can't get LUNA and UST back to the initial price and the devs prefer to build LUNA v2 which will replace the previous LUNA with a different concept. It was clear the old LUNA would be abandoned.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Doell on May 16, 2022, 01:14:52 PM

There is no hope for this product up to the moon again, it will just continue to be thrown away and may become worthless in the future or the price could return to 1 dollar if the developer only focuses on this coin, but I don't think its possible. Lost a large of Investors and they will not return because they are definitely worried that in the future for same situation will repeat again, if anyone really wants to invest in this product it is better with a very small amount of funds, but risking anything in this product is not worth it. Sorry !

If a single coin has already dropped drastically, investors will now have fears investing on it again because there are more chances that the current scenario will keep on repeating again, so they are only risking their money for another downfall of the coin. As much as they want to invest, i think its better if they can focus investing on bitcoin instead as no matter how the bear market attacks, bitcoin value has still never dropped to zero.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: Abiky on May 16, 2022, 06:58:00 AM

What do you think? Are there hopes for LUNA to recover some time in the future? If not, why? Is it a great idea to buy the dip now? Your input will be greatly appreciated. Thanks in advance.

It looks like the hope for Luna recovery is a wishful thinking at this moment. Terra Luna CEO made mistakes while dealing with the price crash. The sudden increase of Terra Luna supply in a short period of time is the most fatal mistake and this is the main reason why we have the price today. I do not know what is in the mind of Terra Luna team. This grave mistake simply show the incompetence of the people behind Terra Luna, so if they did not learn from this mistake then the possibility of Terra Luna recovering is very slim.

Lordhermes

sr. member

Activity: 1232

Merit: 379

For sure, Terra Luna will recover in the nearest future. Because one thing about this space is that, all coins dump and all coins pumps. It's all about time. Those that are patient enough will have gigantic profits from Terra Luna while those that were impatient will lose most of their money. Luna is a solid projects but considered as scam due to the sudden serious dump of it. It's wise for investors to reinvest in the project and leave it for long time purpose.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Reid on May 17, 2022, 12:14:49 PM

I've read a claim about the team that they will do their best to resurrect it and are not giving it up yet.
https://finbold.com/can-terra-luna-be-saved-heres-the-founders-resurrection-plan/
I have been following it although I am not invested but I see they didn't also liked what happened with their market due UST de-pegging.
In regards about a recovery, it may recover but not as hard as it was. Maybe back to a dollar or less. A market like Doge or Shiba with cents of increase and decrease.
It's how they can pull the trust of their investors back to make it successful.

I hope the LUNA team does the right thing in the end in order to help restore crypto's reputation worldwide. Otherwise, it'll take a long time before investors gain confidence in the entire crypto/Blockchain space. Right now, the Terra community and validators are divided on what the project's future direction will be. Some will support the fork, while others will support burning the existing LUNA token's supply. What will happen by the end of the month, is a mystery. A re-branding might be necessary in order to bring back people's trust.

If you buy LUNA right now, you'd be risking your money as it could fade into oblivion at a very fast pace. I'd just wait and see what happens in the next few days in order to make a decision. As long as decentralization wins, nothing else matters. Just my thoughts Grin

Reid

hero member

Activity: 3052

Merit: 651

I've read a claim about the team that they will do their best to resurrect it and are not giving it up yet.
https://finbold.com/can-terra-luna-be-saved-heres-the-founders-resurrection-plan/
I have been following it although I am not invested but I see they didn't also liked what happened with their market due UST de-pegging.
In regards about a recovery, it may recover but not as hard as it was. Maybe back to a dollar or less. A market like Doge or Shiba with cents of increase and decrease.
It's how they can pull the trust of their investors back to make it successful.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

I see there are no hope with LUNA, because how it can be recover if team minting new tokens, still now trillions of total supply. If considering it’s circulating supply i don’t think it will recover in the future until team will burn all of the new miniting tokens. I'm very disappointed to see such billions dollar worth of project just collapsed within 2-3 days.

andyou1234

full member

Activity: 1025

Merit: 100

PredX - AI-Powered Prediction Market

I think it is very difficult for LUNA to be able to rise from adversity considering that Luna's price has fallen very deeply, but speaking ahead, I am very optimistic that it will rise again, but I don't think its growth will increase to reach the ATH that has been achieved, most likely only 10% -20% from the current price, that's if the development team can fix the mess that happened and hope CZ can help the terra luna team,

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Oshosondy on May 16, 2022, 09:14:04 AM

There is difference between going and gone, Luna decreased to $0.000005 if truly it has grown 100x back because its price now at $0.00025

That is correct. But LUNA is still far from its ATH. A few weeks ago, it was valued at around $80 per coin. I get the collapse was due to the team's negligence, but we cannot discard the possibility of a recovery if the community acts in a timely manner. The CEO announced a proposal to hard fork the blockchain, so chances are there will be a recovery soon if it's approved by the community. Either way, investing in LUNA right now is a gamble so I'd advise anyone to proceed with caution. Just my opinion

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: Abiky on May 16, 2022, 06:58:00 AM

What do you think? Are there hopes for LUNA to recover some time in the future? If not, why?

There are no hopes anymore for luna to recover even when the fork has been taking as the solution and then there's no guarantee for the price will be the same like what already predicted by the luna developers. Market will decide how much worth for each luna. There's no possibility for luna to recover. The new proposal has become a signal of the luna developers already given up.

Quote from: Abiky on May 16, 2022, 06:58:00 AM

Is it a great idea to buy the dip now? Your input will be greatly appreciated. Thanks in advance.

It's not a great idea. If you are buying the current luna and this will become new fork token called lunc but you will get the new tokens from the developers. That's the worst decision to be taken for now.

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: Jackl87 on May 17, 2022, 02:27:50 AM

I personally also read a few statements that said that the plan of Terra to go onwards from now on are very in favor of the team behind Terra and not really in favor of the small holders of Luna but i don't know if that is true or know.
What i know is though is that i will not invest into Luna now, even though many seeing it as a extremely high risk gamble at the moment with a possibility of x100 or more, but i think too many people are hoping for that and even if the project would recover the sell pressure would be way to high.

We have never bought coins for 10000x more dip than the previous highest price, on that basis that everyone is hunting for investment in Luna based on the latest news, some of them recover losses from investing Luna coins with scalping because they may still be traumatized from previous losses. I also buy it from a fund that can afford to lose because I understand the risks.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

We might wonder how it got to 6,000 billion tokens minted in such a short time. It's one of the rudest scale pumping hoaxes I've ever witnessed. It's funny to see how the Luna team has been behaving since the incident. They have no concrete solution to stop working on the network and fix those mistakes. For those who are affected by the project, it will be difficult and impossible to get back what they have invested up to now. I've read some news about the plan to get the project back on track, but to be honest, for me personally, it's an end to the project and their ideas for the future, I'm sure. In the coming time, we will soon see the authorities conducting an investigation into their activities in this space, and the people involved will soon be exposed. It seems that this incident shows us a way of operating and the psychology of parties in the crypto space.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: Abiky on May 16, 2022, 06:58:00 AM

Terra (LUNA)'s been going downhill at a very fast pace ever since UST lost its peg a few days ago. It went from its ATH of $120 to just $0 in a few days. Right now, the cryptocurrency is struggling to reach $0.01 as investors continue to sell it like crazy. Supply is increasing at a very fast pace, as the team tries every effort possible to help restore UST's peg. Given how low Terra has fallen, I wonder if investors will gain back confidence in the project sometime in the future? Crypto is highly risky so either LUNA dies or rises from the ground up.
What do you think? Are there hopes for LUNA to recover some time in the future? If not, why? Is it a great idea to buy the dip now? Your input will be greatly appreciated. Thanks in advance.

I am not to familiar with the Terra ecosystem as i never held any Terra myself and i also never used UST as my stablecoin so i don't really follow that drama regarding Terra Luna that closely but of course i also heard what happened and what they are planning to do now in order to make sure that Luna comes back and that a dump in the price like UST took it a week ago will never happen again. I personally also read a few statements that said that the plan of Terra to go onwards from now on are very in favor of the team behind Terra and not really in favor of the small holders of Luna but i don't know if that is true or know.
What i know is though is that i will not invest into Luna now, even though many seeing it as a extremely high risk gamble at the moment with a possibility of x100 or more, but i think too many people are hoping for that and even if the project would recover the sell pressure would be way to high.

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

This coin right now is highly volatile and I don't think that it will recover anymore in the future as many people are not going to trust a stable coin that drops from $1 to $0.2 which is the UST and I don't think people would invest to this coin.

Topic: Will Terra (LUNA) recover some time in the future? - page 5. (Read 833 times)