Bitcoin Forum

Todays current situation for Luna all my works just stop and cant belive whats going on with this scenario!!  Lost too much in my life savings!! Now thinking about invest on btc at least there is no chance like 98% dump at least stable coin looking to more risky!!

It’s true.All the people was stuck with the current market situation.Luna was trusted coin for long,people had their huge amount of the dollars in the Luna.Maybe the people who had their Luna will cash out and invested in the bitcoin for the massive profit in a short period.The most important one of the traders have to hold their Luna,till it back his value into the old value.

Well if you are for the long term then BTC is still the best way to go.

And that's why it's hard to trust this stable coins, because we have seen what it can do the the market, including BTC. So everything is on the red because of what Luna did or suffered in the last couple of days. This scenario has been laid out though years ago against stable coin and now we have realized that it can easily be manipulated, depeg and then affect the market in general in a bad way.

I'm really sorry for your loss. But look, this just shows you how important doing DD is.

Do Kwon was an egotistical asshole and this just serves him some instant karma imho. The LUNA ecosystem was always designed to fail like this given that in a depeg situation, the arbitrage mechanism essentially means that LUNA gets dumped on the market -> LUNA decreases in price -> further decreasing confidence that UST can stabilise.

Absolutely insane situation, but hopefully a lesson learned.

First of all, I'm sorry for the damage you've suffered. But staying in cryptocurrencies that have proven themselves and made a serious name in the market is the most important element for this market. Because I think people will never give up their btc admiration and investment. It is an important factor to stay in cryptocurrencies with big names like btc and eth in the long run. Because it definitely offers the opportunity to make up for your losses in the long run. will continue to offer.

The supposed stablecoin are now facing its biggest drop and no doubt for this since the team failed on this one and they become more like a Ponzi scheme investment. This is very unfortunate to those who bought at the peak price and hold, I don’t know if LUNA can still be trusted by the investors or it will remain on this price level for now better to get out of LUNA and invest somewhere else. The manipulator for this coin is very powerful, I wonder what’s next for this project.

I lose money as well but not my whole savings because investments should not work like this, you don’t go all in because even Bitcoin can drop what more the altcoins?

I didn’t see this coming for LUNA, this is worst and imagine its time frame for the drop, just 72hrs and you already hit the bottom of the bottom, that’s alarming. The price may rise again but I think it will be more volatile, and it might not rise that much again, we’ll see. Just continue to monitor and if you are still holding, try to be more patient.

I'm sorry to hear that but you can still recover through investing in other crypto. Just think of it as a sinking boat that will never float again.

Yup, right!

That's the other crypto that I'm saying where you can invest. It's the indicator and mover of the market so whenever bitcoin goes down, all of them follows but bitcoin will never go to zero or at least 98% of losses although it's truly volatile.

it is really sad to hear that , you have to take important decision with your investment in crypto market now, should you continue or stopped it. but we have to know crypto market not only about luna we still have another currency with high reputation and safety. maybe taking ethereum or bitcoin as main investment will have different condition.

First, sorry to hear you loss.  You should have invested only what you can afford to lose.  Investing in a unestablished crypto market is like gambling  so you should have prepared yourself for a massive loss when you invested in this kind of cryptocurrency.


It is a no brainer that investing in Bitcoin is one of the better idea.  Now that the BTC market price is crashing, window for investment opportunity opens.  If you have patience, investing in Bitcoin at this current market is the best move.

I am really sorry for your loss, as without a doubt it does not matter who you are such a loss is catastrophic for anyone, however it is because of this that the more experimented members of the forum advise people to only hold bitcoin for the long term.

If you want to trade altcoins and you are prepared to take the risk then that is fine, but you need to be willing to sell at the first sign that there is something wrong, after all there were signs that there was something wrong with LUNA since April, so people had more than a month to sell their coins and avoid being part of this disaster that has ruined the lives of many, as they were completely invested in the success of this coin and now they have lost everything.

It is a blood bath for all coins, but luna is bleeding even more, I am sorry for your lose but it's how crypto works. I don't know if Do Kwon could make his recovery plan a success and will be supported by his company investors to make luna stable , maybe he is just slowing the dumping process that's why he is constantly tweeting to luna holders. I don't know if that could even help them get up, some says that even he manage to get the funds, it won't be enough to the current immense sell off.

It is sad to lose some of your saving but at least you learn from it and will be knowledgeable on your next investment. After all, investing bis like a gambling where you are not sure if the project you are investing will grow or not (the same as what happened to LUNA. If you are planning to invest for long term then I will recommend investing in Bitcoin. I'm sure you know that Bitcoin could also decrease and last time I heard it's down to 5% and up again and down.

This is a crazy trend in the past days and no one sees that its going to happen which resulted to millions of money being liquidated in the market, I know its hard to see your portfolio like that but you have to move on and do better next time, its possible to see LUNA pump again and go back to its price, they need first to solve the issues and maybe have a better chance to pump again. Many lose their money on this, but then again you need to analyze now so you can know your next move.

If you have tried to invest your life savings in luna and you might have read whole of explanation about what algoritmic stable token was. It's your fault investing in the algoritmic stable token that backed by volatile asset like bitcoin. It doesn't make sense to see that happens. You may ask yourself why were you doing it in the past. Bunch of people are loosing their life savings due to this dump. The bad scenario is when the price needs years to recover from the bottom again.

the right choice if you invest bitcoin not in other coins if even other coins I think the coin is eth and BNB not on other stable coins
because if you invest in BTC the possibility of your money back and always worth is on the coin

BTC may be down today, but the probability of going up its prices is always there.
So for the OP, he can very well invest in BTC today while it is down, at least recover your losses from your other investments once the market is going green again.
That's the challenge of investing in other alts, the possibility of losing big because it will be dump big also.
But once you learn your lesson, you will be more cautious with your choices when it comes to alts.

Stable token is not risky as long as you were picking the right one that can keep its value. If you are picking the wrong stable token that used weird mechanism other than use fiat to backed it and the result will always be the same like that, i suggest you to avoid the stable token like this.
Im sure that if you must aware about this. You need to use the good stable token that backed by fiat and not by bitcoin like UST. that's wrong decision by you and you are blaming crypto right now.

It's really sad, I also have some of my funds in UST and staked in Achor. I lost too much too from my deposit, it really hurts because you can earn 20% in a year but you lost more than 20% in just a short period of time. You should've stopped loss there, cut loss and move on. This is the worst loss I made in my whole life too.
But it's just money, we should not do things that will put us in danger, we can make them back again.

This happened so fast, I never expected what happened to Luna today, I, we, Luna investors have lost so much money in all of our portfolios. It's a sad situation, honestly our mentality is at stake here. I'm having a hard time thinking at the moment, I might try to win myself over first to decide something.

I'm sure you know about the risks of investing in cryptocurrencies, even though the predictions are correct, predictions for the long term are not enough. We have to believe in investing long term, believing that they can grow to their potential or accept the risk of loss like you experienced at LUNA. Things like this really can't be predicted, all we can do is cut losses and then reinvest elsewhere, this is an accident.

This is that the crypto world will not forever experience profits when investing in it, even though Luna is quite large because it has managed to be in the top 10 of CMC some time ago, but keep in mind anything can happen in the crypto world, as long as we invest in money that is able to the loss, then there is nothing to be sorry for the choices that have been taken.

Luna got $34 billion marketcap before, now at $1 billion marketcap, the price all-time-high was $119 but now at $0.4. That was a huge drop and many people would have lost more, I mean people that are holding altcoins. There is this saying by some people on this forum, especially bitcoin enthusiasts, that ones you are lucky to gamble (hold) altcoins and you make profit, convert it to bitcoin, Luna is an example. Sorry for your loss, but now too that the market was recently of the bears and Luna was the most volatile. You just have to never think about it again and convert altcoins to bitcoin ones bull market is over, provided if you make profit from it because altcoins is like gambling.

This will be a lesson for many people, I think maybe this is the first time for everyone, if it is stable coin than DeFi the risk to invest is much higher. You are not alone, I think because of this incident, LUNA UST has harmed many people. But if I may suggest to you, you should not rush to make your assets recover because we are in an unstable market lately, but you can take advantage of that buy cheaper coins and leave LUNA.

I think, because of this effect, people lose more than 50% of their assets that they hold in their wallets. even i feel the same. Until this point, the price of bitcoin continues to decline which also affects the price of altcoins. however, this might really affect the crypto world because as far as I know the team from LUNA is one of the biggest shareholders. I don't know the extent of the bottom line of this decline, but it looks like the other option is simply to holdding the asset.

what are you going through just like me, i have lost a lot of money in this shit coin. I bought yesterday at the price of 15$, I think by then it was already in the Dip. but the reality is very disappointing, this morning I opened a binance account and was surprised to see the price of luna was under 1$.

Luna's power is influenced by hype, rarely can coins strengthen in the condition of the market that is being corrected, for me Luna will not be able to survive in a long condition, this can be utilized in the short term, but for the long run I think it is quite risky, It is up to how people take action with the investment made, but the concept of crypto is not as instant as the instant that Luna shows, Bitcoin has adapted for so long to achieve stability to this day, so we can take a big example from here

Surely something like that is really unexpected and I'm sure there are many people who feel the same way as you,
the current price of luna is really falling sharply and many do not think it will happen to luna,
we'll see if in the near future the price of luna will go up again

You're not the only one who experience losses at this time. The market is in bloody situation and still dropping further. As per writing the price of Bitcoin is over $27k, probably weak investors are now panic selling. Well, I take this situation positively as a chance to fill our bags.

Invest in established coins because they are currently cheaper. Its better to diversify than to put your money in one basket.

The decline is very dratis, all those who hold the coin hope to be patient in the face of the current market situation, and I believe many investors are holding LUNA coins and they are already stuck in it is really a very terrible thing the decline that occurs up to 96%, In the current situation only bitcoin, ethreum and bnb that we can rely on in the long term and our risk is lighter, Never regret what happened right now, hopefully it will be an experience for the future.

Almost everyone who holds altcoins is sorry now that the decline is still going on and hasn't stopped. Bitcoin is also experiencing a decline even though it still has value, but altcoins like Luna I see are suffering a lot as their decline continues to occur sharply without a hold in the market.

High cap coins like Bitcoin and Ethereum are known and many people are already accepting this assets and I don't think that it will dump like luna, as you can see it is 98% dump what I am curious about is what happened to LUNA? I think it is one of the good coins that has potential before.

There are only two decisions you can make at this point. Survive or lose. Because in this case everyone has gone through a very difficult time to deal with especially for Luna investors who have bought Luna at a high price, it is clear that at this point they have lost a lot of money which is almost 100% so in the near future will have to decide what is best for them done now in addition to the options I gave it.

Save your money with USDT, or BUSD, as this point BTC will also keep losing value because of the major dump from Luna team, they bought too many BTC and now they have to dump the BTC to save Luna and UST, I am sure that BTC can go below 20,000$ with this current situation.

There is no other choice but to hold on and if they choose to lose then they have slowed down because before the rate drops by more than 50% there is no cut loss, whatever it is then they have to accept a 100% loss because of the worst impact on Luna coins.

The decline in the price of Bitcoin below $30k made the majority of investors panic, thus making the market what it is today, which all altcoins
are now experiencing drastic price drops. Especially for LUNA holders I am very concerned, because the decline in LUNA prices is quite severe.
In a bearish situation like now there is not much we can do, except be patient holding the coins we have. Because if we want to do a cut-loss
seems too late, because now the decline in the price of coins is too deep. Even for top coins now is not the time to buy, the risk is too big if we buy
coins in the current situation, we better monitor the market for at least one week. I hope the current decline won't last long, and hopefully Bitcoin
can at least get back above $30k first in the near future. So that investors can be calmer and start having the courage to invest again.

I think we are too late to convert stable coins because we are expecting a return from market recovery, if I know the current worst downturn it would have cut losses early on but we have continued to engage in fluctuating market.

If you still have funds left over after Luna, consider investing in 0xMR, which has held up very well during this collapse, and ICP, which has fallen dramatically but is the most undervalued project in the top 100 MC IMO.

Unfortunately, there is no prediction about the current market situation and we are in a bad bearish phase due to various FUD news to bring down the crypto market. So I can only suggest, that you hold on to the coin from the biggest losses in history this year and hope the market moves to a high recovery.

If it's already happened, especially Luna, has decreased by 95%, then our speculative soul should still hold on to it until it grows and can reduce losses. but there are also those who have a strategy of doing a cutloss and choosing another altcoin with more potential by eliminating their disappointment at the luna tragedy. Of course, all predictions must be based on our beliefs with the analysis we have

I think you should have gone for the bitcoin investment in the first place. But it’s good that now you care to invest into bitcoin because there is opportunity with lowest price you might ever see Back again in the future. Remember that market has hit worst bottom due to external forces such as world wide economic crash, war, pandemic etc. All these things came in altogether and imagine how many times this happens throughout the world? Rarely!!
Bitcoin will not be coming down this way one more time, just get on board and run with it.

According to my teachings and believes; the first rule of engagement for every investor is to buy and hold satoshi (as many as possible).
The second rule is to make sure that your investments are one that you can afford to lose.
The 3rd rule points to the fact that in crypto currency, anything can happen at anytime; you must always take profits

When its crypto currency, there is a lesson note, guess? (Always do your own research every morning, day and night)

Too regretting and really sad to hear but you are supposed to be aware of the situation that investing shitcoins or let's say less potential projects are too risky. Terra Luna is not a good choice actually, in fact, you can find a lot of potential coins in the market but you had chosen this project because you think this gives you a huge profit.

You are supposed not to put all your money in a single investment, many people have been doing this before and many of them are in regrets. If you do the search before investing and have an idea about this, I'm very certain that this never happen to you.

Indeed, the situation in the crypto market is stalemate, which certainly causes bewilderment against the background of the fact that some analysts argued that, on the contrary, the crypto market is waiting for growth. But in order to understand everything, you need to look at everything that happens in the heights. The fact is that at the end of 2021, the next cycle in the crypto market seemed to come to an end, and at that moment the price of BTC and other cryptocurrencies had their peak. However, many said that this is not the end of growth, but there will be another one and very soon. However, reality has shown that another four-year cycle in the crypto market has come to an end, and as a result, another fall has begun. Based on this, the crypto market has entered a new four-year cycle of its development, and as history shows, the market is waiting for both a fall and great volatility. And if we add to this the global crisis, which is now gaining momentum, then nothing good should be expected in the near future, on the contrary, the crypto market, like other markets, is in for a big shock.

In 2017 I saw Bitconect, in 2018 I saw NXT and in 2022 I saw LUNA, the world of crypto currency is so terrible,
even though from a fundamental point of view these three coins are very good, especially about LUNA,
no one expected it to be like this, I thought what about Bitcoin?

You are doing yourself a favor if you pick BTC over any altcoins listed in coinmarketcap. Even Ethereum.
The same with this altcoins, there is no assurance on where their market will go. So why are we picking different ideologies if the best one is just in front of us that control the overall market.
Bitcoin's fall will be every altcoins fall and the same vice versa when it is going up. So I don't think there is a need to choose between the two.

Yah i also thinking that same even today some cent of usdt also got down because of current stable coin fomo now best option is invest on Btc it will never go like this type of scam, yah there is a few possibility it can go moee down also but it will not bankrupt like this!!

I never think that luna can do like this even there was lots of project everyday join on their platform and they give lots of airdrop by holding luna or stake luna on any delegation, thats really sad and scary for everyone!!

Losing too much in your life savings? Dude, you need to find a job ASAP. Crypto is the last thing you should worried about, maybe sell all your crypto to at least recover your life savings then focus on getting a full-time job.
Take any sorts of job just to keep the stream of income going even if it is just a little. Avoid any sorts of loans as you might get buried in debt in the future.

Actually you are telling right crypto is not perfect for live in few weeks ago i thought no need to do others job just going through crypto investment and work for all new project but now i understand there is always need a job even it is little salary because if i continously depand on crypto i will get buried in debt very soon!! Insted i can do crypto work beside my job as a part time work!!

Luna was crashed the market by his part.No coin had reduced 98% in the short period.So Luna was became a scam token for now.SOE people thing,it’s better to get inverse to earn of 100%.But my question is why to inverse on the scam coin.When the percentage of the coin was reduced to 99%.You think,it will increase back to 99%.Not a possible one.

I am not the best one to tell the conditions there in your country or what would be the best option, but from how you described your situation in the OP, it is pretty much what you should do right now.
You could also freelance though if you have a good records/experiences and have a marketable skills.
Seriously though, I hope everything goes well in your end OP. I've been there one-time but I was not yet in crypto.

You should have thought about it before and not gave your full trust into Luna. The market is really in a deep crash right now, that even those good and reliable projects are also affected. I think the best thing to do is to never sell Luna and keep hodling it until you start seeing its value recovers. However, bitcoin is also having a deep crash right now so you might also consider buying even a portion of bitcoin because it will always be the best asset that will always recover and will always be profitable in the end.

Luna has ruined my life too. I bought and invested a lot of Luna coins. But in the end I didn't sell even after the price went down.Now I had a lot of dollars to invest in Luna, everything is over.I never thought that would happen. Not only me but many others have lost a lot of money from here.

Although there is no definite news, because Luna is said to have committed suicide, they lost money which may have been the result of collecting little by little. we should not be like them, because we are not mentally prepared. indeed a lot of people are grieving, and despair given the drop of up to 98% it seems very difficult to return to ath. but anything can happen. the best thing for now is to rise from adversity

something strange when luna was really strong and considered a potential coin in the current market correction conditions, the price dropped quite a lot to reach 100% more in a fairly short time, many people made purchases when this coin was actually discussed, then in the next day people were very hit with the investment made in luna, in the future we will see people's complaints about this investment, how terrible is an investment that is run based on hype?

I do not think that it is "news" that we are living right now, we can see what's going on with the Luna deal and that means that the price will not recover for a while and I doubt that people would be able to stop it themselves neither, we just need to wait and see. Crypto world survived mt.gox, and it will certainly survive this as well.

People who weren't here back in the day when mt.gox happened do not know the size of it, but they were the only place where you could make some trades. This means that, at one point almost all, at least close to all coins were at mt.gox and they said they are gone. This left the market with either holders who didn't put it on mt.gox and neither would sell now, or just new mined coins. If we survived that, we can survive anything.

Actually the future of blockchain is great and I think in the future the world will adopt cryptocurrency in some ways in the technology field. But of course when talking about assets I think cryptocurrency is a type of investment instrument that has a high risk. And yes you have to be prepared with all the worst that might happen. Like today where the cryptocurrency market is experiencing a market crash with the price crashing of the top coins and tokens on the market.

So, if you have been loosing a lot in luna and don't you think investing in bitcoin will not give back your lose again? i meant this coin has small profit for the small investors. I know how you feel about loosing your investment but again. So many people were getting scammed by this company. Luna was the worst thing all time. It will be dumping bitcoin to be used for something like depeg UST or something else.

The destruction that happened to Luna at this time of course has made some people have to suffer big losses, previously Luna coin had become one of the coins that experienced hype in the market so that it made the coin managed to get a good value in a short time because when the hype was happening many people were believe that Luna has the potential to grow bigger and make some of them willing to put large amounts of funds into it.

Many people get seduced and invest in a coin when they see there is a lot of hype around it, but when I see that I become suspicious instead, as how many times we have seen coins with a huge amount of hype surrounding them and then those coins crash and they fail to live up to their hype? This is something that happens all the time in this market and now it has happened to luna as well.

Now this case is way more extreme than what we could see with dogecoin, Shiba Inu and many other coins that depend on their hype to grow, but at the end the problem is the same, people invest in coins without doing their due diligence, they invest money they cannot afford to lose and they refuse to use a stop loss as a safety net, so when something like this happens they are completely unprepared for it and then they have to suffer the terrible consequences that come with it.

It is imporsible to stop cryptocurrency. That is why a lot of new new projects appear, bur it is very important to check if they offer something new as https://twitter.com/GulfCoin_/status/1526498887376183298 which provides digital payment solutions, and financial inclusion to the world.

Yes, investing in altcoins will be riskier than Bitcoin. All people are shocked moreover LUNA holders with the extreme crash of the price. Moreover, sadly there were some people who were suicide because of this.
This is one of the high risks of investing.
Glad that you are still here and surviving the bad condition.
And investing in Bitcoin is a wise one, although it also still has risks, the risk is not as high as altcoins. But once more, invest wisely, because of LUNA, I also learn that I must divide my money into some: crypto investment, real-life investment, and also savings.

take another opportunity from market, we have thousand projects which is maybe one of them better than luna. use yor saving wisely ,dont put it too much for investment with high risk . we could lost it if market moved out of controll and againts our prediction.

Sorry to heard many of our friend losing much money trough invested with Luna coins, here important with stop loss option when getting price drop, different cases maybe if use stop loss after price drop about 20% or 40%, still have fund left with 60% use to yrade and invest on other coins than loss avove 100% after Luna coin drop drastially. Better wake up and looking for new coin for trading and always use stop loss watched when some time happening again luke Luna coins.

All investors have suffered a lot for this lunar. Almost all investors have lost a lot of money by investing in Lunar.UST is now a stable coin. People used to invest a lot of money in UST.Because this UST was a stable coin.Whenever it became a lot of dumping people got a lot of damage. Luna turned into a scandal.For this, all the markets became very dumping. And all investors are now in despair. It seems like a lot of risk now to invest.

great decision but you should also see the reasoning behind luna downfall as any other altcoin definitely not gonna repeat the same mistake again and again, LUNA is enough example for any other smart contract based altcoins to not underestimate any chance of destruction for their altcoins.
the algorithmic stablecoins was truly a disaster so that other stablecoins that have the same underlying technology should be fixing this to save their asses.
anyone should remember that LUNA is just one of thousands of great altcoins out there, it doesn’t represent the current circumstance of cryptocurrency market.

Our people are not able to make that scheme, because when prices drop drastically they will think they will strengthen again, so this is not done to avoid big losses above 80%, Luna strengthens when market conditions are corrected quite badly, this should be a reference that in conditions like this there is no coin that can survive the price strengthening, even if there is something like what Luna did, it is only temporary, meaning we have to buy and sell at the right time, release the coin if we get a profit of 50 -55%

Thats why alts are often ideal for short term holding. If you already earn, dont be greedy and take profit already. Crypto is unpredictable and the future is uncertain. Many investors lose their money for investing in LUNA, now its hard to say it can recover because it seems this coin is already over. Those who lose their money for investing in this coin now learn a lesson the hard way. But thats how it is, investing is risky thus its best for us to be careful on where to invest our money.

well, even though LUNA was once a big coin, it's still crypto, the risk is still very big. anything can happen in this investment, because of that, many people say that never invest in money that can change your life. so many people lost their money in LUNA and UST, even tens of millions of dollars. however, it will certainly change the economy of everyone who invests in this coin in large quantities.
they are currently working on developing a new ecosystem, and hopefully the people who lost their money in this project can be recovered even if only a little.

this is the worst cryptocurrency history in 2022 because seeing the price movement of high-priced cryptocurrencies can be above $50 collapsing to a price of $0.000001 it is very scary, so far what has been recorded is that several people have started committing suicide because they are not strong enough to see all their assets disappear instantly only because of LUNA.

Stories about murdered people should be confirmed on a valid news site because it is based on many opinions that it is hoax news. So that you are right about the opinion about the worst case effect of the Luna project that could bring down the entire market price because not expecting that a stable coin could collapse from the price of $1 to add to the panic in the crypto market.

that's very right my friend, choosing to invest in bitcoin in the long term or in the long term Bitcoin is the right choice and the best way, and now maybe people who have LUNA will invest in the King of coins again, namely in Bitcoin.

From here many people will know that altcoins will never be stable even it is very hard to believe that altcoins will be stable, because we all know that every market has two changes, one of which is a market that is experiencing an increasing trend or a bullrun market or a market that is experiencing a bullish trend. and the other is the opposite of it, namely the market is experiencing a downtrend or is called the Bearish market, many terms are used by people in this regard, and yes the last few days we have seen all market conditions turn red including the king of the Bitcoin coin, and many people say this is caused by the state of LUNA which has suffered in the last few days, and many people are currently stuck with the current market situation.

And with the news of LUNA now we are all very sad to hear the news, First of all LUNA coin holders, and as I said above now many people will choose to invest in bitcoin and there is also hope that they will get big profits in a fairly short time in investing in Bitcoin, there are also some suggestions from me for you if you want to invest choose Bitcoin on ethereum or it could be in BNB as your main investment.

The right move is to invest in more secure coins, luna is not strong in the long term, they are only able to survive temporarily in high prices, these coins are not strong and there is more hype going on, a lot of people lose money in luna investments, and at the same time finally said that crypto was not friendly with him, even though the investment pattern was wrong in my opinion, the coin that was strengthening was in a correction condition, there was no guarantee as a potential coin, so be careful going forward in choosing investments

Sad to say this but Luna is done. If you bought before the dump, then I can say there's no way you can recover your funds. Even a $1 bounce back seems impossible for that huge supply. It would need like 5x the Btc marketcap to reach $1 a piece.
Nobody really expects that to happen especially to a top 10 coin. That's one of the risk crypto bears. Even those coins on the top 10 can fail anytime.

Now is your chance to invest in Btc instead. Don't let this opportunity slip away, Btc could be the only way to recover your life savings.

I will somewhat agree, if you at least have some BTC in your wallet or in your portfolio, then you wouldn't be too much stressed to see that your investment almost literally went to 0.

And for sure this is going to be a painful and very expensive lessons for everyone to learn. Even if it is on the top of the best altcoin, there is still that possibility that you might lose it in a night just like what happen to LUNA.

Control your emotions, it is not good to decide when your mind and heart are not calm. I understand how LUNA ruins many people's lives, but taking decisions unilaterally without thinking about the risks is the wrong decision. You have to be patient until your mind calms down, then get back to investing. You may need to calm yourself from all that smells of investing so that your mind is calmer.

losing their saving money could not tolerate for beginer investors, we must take important lesson from luna case. alot people being stress due this accident and most of buying at 50$. this is really worst scene in cryptomarket and should remember in our mind.

Cryptocurrency continue to develop offering new tools and products, but it is much more difficult to develop when cryptocurrency market falls and attentio to digital assets falls too.

I feel sorry for you bro. That being said, you probably did not follow one of the golden rules of crypto investing: Never invest more than you can afford to lose. So you should really never ever put your life savings into crypto. I know there are a lot of peopel out there that are doing that and also a part of them succeeds and becomes rich but also a lot of people have the same experience as you. They lose all the money that they have saved up their whole life withing a few days. Stuff like that can really ruin a life. This is also possible with normal stocks but cryptos are even more dangerous because they are just so extremely volatile.

yes you are right that currently there are so many new projects emerging that offer various forms and conveniences in investing with them, but I myself really doubt the growth of these new projects, currently investing in crypto requires basic foresight and patience, because in my opinion mostly Currently, many new projects fail to grow and develop, especially with the  declining market conditions as it is now

The LUNA situation was just all-round bad for its investors and it happened so fast, even though I understand people will say, Do not invest that which you cannot afford to lose, Nobody has to lose the kind of investment that has been lost under Terra-Luna and I don't know how investors will or can be compensated for this.

Invest in crypto, in any currency is dangerous, but everyone risk and invest because it could have x profit!

That is something that scares me a lot. I do not understand the mindset of a person who commits suicide because of money problems. I am not saying that I judge them or anything, I am sure that they must had other reasons as well, I am not that type of person.

But, as a person who even loses sleep over money, and cares so much about money, it is making the money that I love the most and I hate spending money, even or stuff that I need, I would like to earn money and not spend a single dollar if it was possible (just like how everyone would want that) and reached a point where I am talking about this with my psychologist. This is why I am scared that I do not understand what goes through their minds, maybe similar stuff to mine? Will I be like that if I lose it all? I do not know, it scares me.

I think you are not following the advice of crypto experts that anyone should only invest in Bitcoin and nothing else, we are starting to distrust new altcoins getting top 5 positions because they are really no guarantee for long term investment, we sorry that you lost funds on Luna investment and hope you can recover some of the losses from your bitcoin investment.

This year many investors are stuck with the current state of the market and they have experienced heavy losses so they are starting to hesitate in holding coins to be made investments in the future, in fact the LUNA project is indeed very good last year and has the potential to continue to compete at the top of CMC, but what is happening now is even like their dream is trapped in the coin and suffered a very bad fate, Then at this time we have to be careful with a bear market that does not know when it will end.

It's the reality that investors need to face when dealing with this kind of investment,

there are many factors that we need to understand, things that affect how the market will move and how it will generate
benefits to you as traders or investors.

The only thing that will let you continue is the knowledge that you have, if you already have that experienced of losing best
to go deeper in learning potential assets, and Bitcoin, if you are planning to invest, will be generated at the right time.

Hope has been lost overnight since Luna coin drastic drop as previously no one suspected anything impossible could happen but we have to be sure that nothing is impossible in crypto, bullish or bearish. I hope the luna team can fix it because it will make history as the best crypto in asset recovery.

I am lucky not on investor circle with Luna coin and actually most sadness have some investor buy Luna coin on higher price from 80$ until $100 above, loss hope with Luna coin and better forget with how much assets losing on this coin because never have second chance for Luna coin can reach higher price, the owner not care with buy back and give good reputation for Luna coin after selling coin and buy bitcoin right now. Have been stable coin for three days I checked with Luna coin and keep stable on lower price under $0.00012440 and never any chance for Luna coin back to higher price. Maybe stop dreaming with Luna coin can back until ATH again or $1 as impossible reach price for Luna coin.

Its is definitely the hard truth when it comes to crypto investments, there is volatility and worst cases like this sudden crashes of projects. It is really heavy to just accept when you have devoted and risk everything you have for something you thought would go well, but in the end, if we choose to just stop then we’ll never able to have the chance to get up and try to retrieve what we lost.

Luna crash hurt many crypto believers but this is also warning for those who got a big loan for crypto or sold house. Most of investor investers invested in one coins this is also warning for them.
Btc is at last safe investment than any other asset but profit is not big like other alts. Etherium ,Bnb and Cardano are also low risk token for long term and you can choose them.

The most important is to continue to develop the project during the fall of the market because during the fall of the market only the best and most useful projects will be able to survive.

Luna crash become shit coin make many investor not believing with cryptocurrency, top 10 coin on CMC can't trust as worth investment. Actually not only Luna coin but also with stable coin with Luna network as UST. I think give bad feedback for other investor are worried when saving asset on stable coin, they worried will other stable coin like USDT, USDC and BUSD drop like UST as Luna network?

You should have done that before Luna. Just look how bitcoin is remaining to be at its finest than with Luna and its UST that have lost a lot of money.
It had also changed a lot of lives negatively because you have believed on this project but instead, it has given you an headache instead of satisfying result.

Everyone doesn't know LUNA holder's investment will be zero, I suggest always don't invest your investment in one altcoin always invest in different altcoins, you can invest in BTC because all market depends on BTC and BTC never can be zero and we can believe that about other altcoins so invest in BTC is a good idea.

Nowbody knows how long the fall of the market will rise and if the fall of the market will last for a long time not many projects will be able to survive.
And only the best and the most useful projects will continue their development and will be able to realize all planned ideas.

During the fall of the market people do not know in what assets to invest money. Now even gold falls.
In such situation many people stop investing at all because they do not know what to do.

I believe that BTC and ETH are blue chip projects that will never be zero, no matter what happens they will always be at a high level and I doubt it would ever change.

So, I agree with you that we should do our investment towards them, but at the same time they are just profitable "enough", why not change it a bit and have 3-4 good coins that covers 90% of your portfolio and then you could end up with something that would be a major big earner if you are lucky, if not then you could cover the loss from the other blue-chip projects that you invested. It is not smart to risk it all, but it is not smart to never take a risk on anything neither.

Of course, all of us didn't know what will happen to Luna in the future.

We have been praising them for buying billion of BTC just last month if I'm not mistaken and then price pushes along with it.

But now, this tragedy affecting the whole crypto sphere, once one of the most dominant coin in the last 6 months turns to 0 in less than a day. So this is another lessons for us, we just have to be cautious of our investments, or maybe just go all Bitcoin for once in a bear market and see how it goes.

With the current situation, it is difficult for us to predict a coin that we want to hold, even very many investors are stuck with coins that they believe can get big profits, as happened to LUNA coins which are currently falling in price and very many who feel losses, so investing in potential altcoins and bitcoin is the right choice for now.

It's heartbreaking to hear that lots of investors who invested with Luna have lost a lot but that's how crypto works. That's the risk of crypto investment and we honestly couldn't predict the future price of each altcoin. We're in a bearish market situation and even top coin prices fall so we got no choice but to deal with it. We only have to be mindful and careful in investing with coins despite their low price because not all of them could still recover.

The truth is that I would not invest in a currency that is completely down, it is a lie that buying right now will make it rise because in the same way the probability that this currency will be replaced is very low, if it has already lost 98% of its value, it is very difficult for recover, those who sold all the MOON they had are not going to buy again, because those who buy is fresh meat to continue selling those who want to recover something, the crash was impressive, but I would not trust it to rise again, what What if I know what will go up is BTC there if you have to buy and invest.

That's how the risks in cryptocurrency coupled with current market conditions are not an easy thing to make the right decision,
apart from that the top coins are still a safe choice like Bitcoin, Ethereum and BNB,
always do your research before buying coins because that is the important thing

in the world of cryptocurrencies anything can happen, where people easily and quickly lose their money and vice versa people can easily get big profits from crypto, but in my opinion if you want to invest in crypto you have to be mentally strong and ready to accept whatever happens in the future, but if you want to invest in crypto then choose a coin that has strong fundamentals, because that coin has a great opportunity to be able to provide profits in the future.

Terra is also one of the standout potential coins this year, many even comparing its growth to Sol last year, everyone who owned Luna at the time was waiting for it to become the 2nd Sol. But then everything fell apart, one coin had an ATH of $119 and it only took 3 days to drop to almost 0. Other than bitcoin, all current options are risky, we don't know which coin will be the next Luna. So DYOR and only invest with what you are willing to lose, don't invest all your savings like OP.

Many people stop investing because they do not have money for investing.
Many people lose their jobs or their saving because of big inflation in many countries.

For btc I agree because btc has a fixed 21 million supply and there is also a halving event that occurs every 4 years. These two qualities of btc are enough to say that btc cant go to zero but btc can only add extra zero's to price. The reason why I disagree with eth is because eth have an unknown supply and it was also known to be a centralized coin but despite of these facts, lots of people still have a solid trust for this coin. I think this makes it hard for the price to drop to zero.

@zulfi125 but btc is not an altcoin. I thought we are only talking about altcoin? Also if those people that invest on luna alone have diversified their funds in ust, then they are still destined to lose. Diversifying is not enough but one must research carefully if the coin is truly safe to invest or not.

With a kind of tremendous fall, it will be very difficult for this asset to regain the trust of those early investors.

People who enjoy the pump before already move on and already diverse their money to another project, it will be hard for them
to go back and take the big risk of investing back.

Some may have that mentality, but they will be playing with pump and dump trades, not really an investment but only trying to
ride on the train and make an exit as early as they can.

at least if you want to invest all your capital through diversification, so not just in one coin to invest. that way if one asset experiences a bad thing like Luna, then there are other assets that are still resilient. What needs to be considered at the beginning is that cryptocurrencies are very risky, so if our lives end because of crypto, of course we need to question their knowledge of cryptocurrencies

The only thing you can do at this time is to file a police report and claim your $CNDL airdrop.

That is why many so-called crypto youtubers are always saying in their video, "Always invest what you can afford to lose".
I've seen so many stories on reddit and in Facebook groups saying that they invested their life savings into Terra and now they are the ones who are suffering the most.

I mean there is nothing wrong investing your life savings if it is a safer coin like Bitcoin but.... it is what is and it's your decision to invest it into a very risky and very volatile asset like crypto. If you really want to start then just focus more on Bitcoin. The market is down right now and now is the right time for an investor to accumulate and wait until the bull market comes.

LUNA investors will just deny it and will support the project but deep inside, they aren't sure what they are saying, and they are just blinded by the fact that there is still a chance for them to regain at least some of their investments into the project when in fact they will not at all.

The main problem of most people is that they put so much money into things even though they know the risk. You are one of those people I guess and I believe now you have learned your lesson mate. Never put your whole life savings into an investment especially here in crypto because there is a high possibility of things like this to happen even to those good and much more stable coins. I hope you can bring back what you loss and fully recover on what happened. Also, I don't think luna can ever recover so don't hope that it will and just find another good coin then invest what you can afford to lose.

Many people do not have money for investing because they lose all their funds on investing and no they stop investing.
All markets falls and people do not know what to do.

The problem is that now people do not know where to invest. Even the price of gold falls.
People invest for profit and now they have only loses.

Cryptocurrency market falls and nobody knows how long the market will fall.
That is why many people sell their assets and stop investing.
Now all markets falls not only cryptocurrency market.

Bitcoin and altcoin price is not stable so we need to manage our investment and be ready for any losses.  For me altcoin investment can earn more but with a great percentage of loosing unlike with Bitcoin that you only have to invest at a long term and wait for the price to increase because BTC price will definitely rise again.

Damage in crypto is a natural thing in my opinion, because basically outside of crypto the situation is getting worse where inflation and food shortages are also topics this year, if you want to invest I think btc is still good enough to invest in the long term,
keep in mind that all there is a risk of dump and pump in crypto it's hard to guess

why we should confuse about which coins we will buy in current situation, ethereum and bnb be top in our buying list. proven as good coins in several years make investors will put it their bag and maybe be biggest assets in their portofolio. in next several months , these coins could back to ath and even create new one.

For Luna, people are now afraid to make long-term investments in cryptocurrencies. The way people have lost their lives from this lunar may not have lost any money from any coin in the past.Luna has dumped all the markets to be scammed.But people are now in a dilemma to invest. If the market is good, people will be interested in investing again.

All your work stop? No way. Not all things in this world revolve only to luna and if luna have stop showing a signs of life then this coin might considered to be dead but not the market or any other work/job. I would believe you more if you will say covid/pandemic because this is the real one that paralyze the jobs/work of the people and it also affect almost everything including the market of cryptos but don't worry because you aren't the only one that lose money on that coin but many people are also saying the same thing that they lose everything, they lose their life savings.

Well, it was your fault guys. How many times it's been said that when we invest, invest only what we can afford to lose. This is the time where people will value btc more. If only you guys realized before that btc is much valuable than any other coins, you won't end up like this.

It is clear that it is very problematic with the current hot market conditions.
We don't need to talk anymore about luna, indeed people are very disappointed with luna who snatched their money unexpectedly so that everything was like a dream being swallowed up by the earth in an instant and now it reappears hoping for people to trust it again and try to rise again to recover.

Cryptocurrency market falls because all markets falls too.
So many people lose so much money and continue to lose them.
That is why many people stopped investing at all.

I think if you have lost a lot of money while investing in Terra Luna, don't stop investing in crypto because there are many other coins that can provide future profits, and of course you can replace your lost money, investing in crypto must have patience big and don't give up easily, because I think profit and loss when investing in crypto is something that is very common in cryptocurrencies,

People all over the world have fallen into a lot of losses today by using Luna coins. Today all the market conditions have been much worse for this Luna Coin.I lost a lot of money by investing in Luna coins. That's why I swear I'll never invest again. And even if I invest, I will not invest without bitcoin

Consequently, investing in the money market must be prepared to lose. if it is already I suggest not to go out because it will be very risky to your initial investment estimate. Manually perform automatic buy and sell orders for long-term investments when the lights come back on in Luna and we see what lies at the bottom of this hole, maybe you will be able to get out of your trading hole and into a brighter future of financial freedom.

You should have thought about this before you invested in Luna. You should never invest your lifesavings in crypto currencies. Always invest what you can afford to lose and never invest everything you have specially in volatile altcoins. Bitcoin and other top well known altcoins like Ethereum that has been in the crypto space for years with strong community and active development team are always safer than other altcoins.
Hope you recover soon and have learnt a lesson from this. Don't stop investing, start again, but this time be more smart.

therefore it is necessary to divide our assets in several coins with the level of risk of each coin that we choose. the main thing to choose is bitcoin and ethereum. after that maybe we can share it like luna, and even though luna is down, it doesn't lose all our assets. It's really difficult to analyze the long term on an altcoin that seems potential, at a certain moment then an extraordinary event occurs, which no one expects

Never you give up in crypto investment based on the losses you had experienced from your investment than to try and make some research about some profitable coins that can help you to recover your income. I think, many people will use this opportunity to buy coins because we are still in bearish season where people hold to avoid losses in the future. Don't sell your coins now because the price is still low for you to make a huge amount of profits than to hold and watch for the price to increase higher before you can sell to be part of those that will be happy before the end of this year 2022.

Investments in cryptocurrencies should be a small percentage of your entire investment portfolio. And the backbone of a crypto portfolio should consist heavily of a secure asset like bitcoin. For altcoins, which are high-risk investments, you can allocate a small percentage from 10 to 30%, and you need to understand that these funds can be lost. Try to secure your investments as much as possible.

Maybe 30% is right for an altcoin choice of all assets held in the portfolio, but I use half of it for altcoins but mostly for investing in top altcoins, and 5-10% just trying their luck on other altcoins.

I think you can calm down a bit because the Terra LUNA devs have already prepared plans to build a new version of LUNA which is much better than the previous version and will soon be listed on the exchange where the old version of LUNA is also located, they will share it via snapshot and it looks like it's bought at a high price will get more token share. Although how the new version of LUNA works has not been explained, but this is proof that they are responsible.

Many people lose their investments and stop investing.
Also many people lost their jobs that is why also they sell all their assets.
Inflation in many countries continue to grow.

It's hard to condition others' mindset in regard to how they can continue to hold. There are many investors now

who loses a lot of portions of their fiat value investment, they need to find the way to continue holding or to find more courage
to keep buying and adding to their wallet, in case the value rises back, the amount of profits will be much sweeter for people who
can control any kind of emotions that they have inside.

One thing to keep in mind here is that you should not take too much risk in Kittu currency. If you ever take a risk, you will see that a big accident is going to happen very soon.  There is a need to know the information but here it is seen that there are lines but there are some points that need to be kept in mind. Here are some points that need to be bought and sold.

yeah important for you and anyone who wants to invest in digital assets, you need to invest in bitcoin first before putting your money into some other basket, at least bitcoin has proven worth investing in both the short and long term. I  believe that Bitcoin will never fall to a price of 0, different story with new coins often have no selling value, cannot last long in a market like LUNA.

Bitcoin is the top one coin when it comes to investing in Digital assets. It is the first Digital assets innovated and has many companies who have share with it. Satoshi Nakamoto who happens to be the anonymous owner of the Bitcoin have made the project pumped in the past years and it's still pushing, no stopping. Bitcoin is safe to invest in and there's absolutely no doubt of losing your money, the only time you would lose is only when you buy at high and sell low due to FOMO. It's normally a long term investment and have paid most patience investors.

agree, that's why I always recommend bitcoin as a viable investment asset for the long term compared to other new coins. I'm not saying that overall new projects are bad, but interesting facts behind new projects are more sensitive to risk. although the market situation is bearish, I think adding more btc is the right choice.

I think that your life savings should not be left in an altcoin, your life savings should always be left in stocks or safe coins, like gold, BTC can be a safe haven, but in the long term you should see BTC as the coin that can reach $100k and if you have your life savings in BTC when you get there you will have even more profits then it's not bad what happened ´, but you must learn that you don't have to leave everything in one place. I recommend diversification, such as real estate, gold, bitcoin and everything that can give you security and trust.

Diversifying the investment lets the users to limit the loss against the market fluctuation. People invest in altcoins based on the profit that can be generated out of it. Here every altcoin won't give the best return out of the investment. Finding potential altcoins is a kind of gamble. Very few succeed, so it is good to go for traditional investment.

During the fall of the market many people lose their funds and stop investing.
But also many people earn money because the fall of the market is the best time to buy the tokens for the best price and have the maximum profit from investment.
After the fall of the market will be a rise.

There are just way too many people who are over leveraged on some coins which causes them to lose enough money that they would have nothing left and can't continue. I had a similar friend, who bought a house that was so horrible that I didn't dare to go in because it looked like it would crash at any point. He spent every single money left, and even loans, to make that house look better and pass a good inspection test, so that he could flip it 2x and make a lot more money.

But, midway of his reconstruction he lost all of his money with the crash (this was in 2018) and he couldn't finish the project and he had to wait for a bit over a year before he could finish it, and by that time when he finished it was just a few months on listing, then pandemic happened and basically he didn't make any money on it at all. Why? Because he was over leveraged on just one single thing.

I agree that after the fall of the market will be a rise but not all the projects will be able to survive during the fall of the market.
Only the best and most useful projects will be able to survive. That is why it is necessary to have experience and knowledge to evaluate the future potential of the coin.

Segregating your investment is one of the best thing a trader should do when starting to find ways to earn.

Putting your savings to only one basket/investment always has a big risk, especially if you are not sure about
how things will take place.

There are many cases where investors losses their hard earned money after mistakenly place it with the wrong
investment. Make sure you are ready and willing to take full responsibility for whatever happens with your money.

When market conditions are very volatile like now then the best thing is to stop and do other activities, now is the time to take a vacation at the beach or camping in the mountains, don't focus too much on crypto because the negative trend is still happening and I'm sure 2 or 3 months and I sure the market will rise again.

Now the market started to restore. May be it just a temporary correction. But many people are waiting and hoping for the rise of the market.  :-\

We believe that future is in cryptocurrency

Only time can show if the market is recovering now or it will continue to fall.
It is necessary to be ready to the long fall because the price of cryptocurrency depends on the economic situation in the world.

Once you do step your foot into this market then you should already have prepared yourself on any situation that you would possibly able to experience and this do talks about volatility which means going ups and down

in the market price which you should bare yourself with that and be smart on what are the actions that you would need to do for you to utilize those movements.

Some people do make out some impressions where they do panic out and made some bad decisions which is pretty common and something that should be avoided.

The condition of cryptocurrency marked depends too much on the economic situation in the world.
Now economic situation is very unstable, inflation is high and all markets falls.

Now many people do not have any money for investments. Inflation in many counrties is big, many people lost their jobs. That is why all market falls not only cryptocurrency market.

It's a lifetime savings so don't put it all in one place even bitcoin there is no 100% guarantee bitcoin is absolutely safe and risk free. You should only invest with amounts that you can afford to lose and should divide them into different baskets. Anything can happen, so diversify your portfolio.

I think after what happened with LUNA some time ago, crypto users will stop investing and leave LUNA, even though LUNA 2.O has recently been released, but this will not make crypto users' trust grow again, because they are very disappointed with the disposal that has happened to LUNA, so they choose to stop and invest with coins that have strong fundamentals.

Cryptocurrency industry continue to be interesting for many investors because they bring many opportunities for people.
Now many people are looking for new and prospective projects for investment.

Fall of the market is the best time to buy tokens of new and prospective projects for the best price.
But it is necessary to have experience to evaluate the future potential of the project.
Only the best and most useful projects will be able to survive during the fall of the market.

I feel Luna has already ruined a big no of investors and I feel sad for all of them because some of them took loans and put all their life savings in the LUNA but we all know in the end they lost a huge amount. On the other hand, investing in the top cryptos is quite safe for example Bitcoin, Ethereum, and BNB. That's why we must believe in diversification and must not depends on the single coins I believe if one is an investor he/she must diversify their investment in 4-5 coins so that If one coin collapse he/she might recover from other coins.

Fall of the market gives people many opportunities. It is the best time to buy tokens for the most profitable price to have the maximum profit from investment.
But also it is the best time to lose money because not all the peojects will be able to survive.
And it is necessary to have a lot of experience to evaluate the future potential of the coin and find their projects that will be able to survive during the fall of the market.

Many people do not have money for investments because of big inflation in many countries. The economic situation in the world is very difficult and many people lost their jobs.

I also agreed on investing in potential altcoins like ethereum and BNB even bitcoin is the sure bet in any bearish market with their high price buying those coins at low is very safe even if the price continue to dump as far as their price value drops losses will be minimal compared to investing in unreliable coins that has low price mark when dumping the amount of invested funds drops considerably with huge amount just like LUNA, $5K investment reduces to $50 because of high rate of drop in it's price, the lesson learnt from last massive dumping of LUNA is an eye opener for every new investors.

You are going crazy! I am not sure what did you think when you invested your life-saving in Luna?! And now you are crying and you are looking for recovery! Most likely you will sink even more if you continue jumping from one investment to another without thinking!

Crypto didn't stop! Maybe you experienced some losses, but this is crypto... each one of us here experienced the same! It's how we build experience, how we learn to make difference between potentially great and useful projects from totally shit projects!

Believe me, things are looking a lot better than 5-6 years ago! Nothing stopped, things are better than ever and this is still just a scratch of what crypto can really do!

Another shitcoin that destroyed millions of investors money and also might be responsible of the current market situation. What LUNA did is nothing new if you have been in this business for more than 5 years. Therefore think before you invest as not there can be only one Bitcoin.

Unfortunately, investing in cryptocurrencies is a very risky business. The riskier the investment, the greater the potential earnings, but the losses are also severe. I don't know what your main consideration is when making investment decisions, but I think you should diversify your portfolio a lot. In the case of one failure, there is a good chance that the other investments will turn out to be positive and the loss will not be painful.

Because of many people lose their jobs and a big inflation many people simply do not have any money.
They sell all their crypto, shares and other assets just to have any money for live.

Now many people do not know what to do because all markets falls and many people are lost a lot of money.
Many people are waiting for the rise of the market because they want to continue to earn on cryptocurrency market.

Now economical situation in the world is very difficult and a lot of people lose their money on investments. That is why many people stopped investing at all and are waiting till the recovery of the market.

I think what you are doing by investing your life savings in Luna is something that is very risky with the risks that occur, if all your assets are invested in an altcoin like Luna, you are wasting your opportunity to profit in another altcoin.
but losing some of your savings is indeed very heavy, but in the future you need to be more careful when investing in various altcoins. don't be influenced by the issues and the many ads that are given.

You are not alone, my friend bought LUNA for $5 and sold for $1, there's nothing to do because it's a risk investing in crypto. this is why investing in crypto is classified as a very high risk investment, even altcoins that were once in the top 10 of CMC currently have very low prices and have turned into shit coins. investing in BTC is the safest investment because BTC is the most popular crypto, even though the returns are not as big as altcoins but at least the bitcoin price will not drop by 99% (as you say).

The fall of the market is the best time to buy the tokens for the most profitable price.
But not all the projects will be able to survive during the fall of the market, that is why it is necessary to have experience to evaluate the future potential of the coin.

I'm sorry for what happened but I guess you were overwhelmed when Luna was on-trend. It's really a wrong decision to use your life savings in crypto investment. You should know its risk first before risking your funds. The rule here is to invest only the funds that you can afford to lose. Now you got no choice but to accept what happened and just move forward. Next time, you better pick potential coins over hyped coins.

It is true, currently there are many things to take into account in order to understand the market, the mood influences a lot, to stop the movement in the market is something almost impossible, all the time it is subject to volatility, if we assume that BTC opposes laterally, this means that altcoin investors take advantage to be able to make the price go up or down, something that cannot be done when the BTC market goes down because there if the altcoins bleed very fast, as well as it goes down they can also go up right when BTC takes a bullish trend, this is what the crypto market is made of, so I say that the market cannot be stopped.

When the market is red, it is certain that many projects will stop, even the current bounty campaign is very small and almost 8 months of red market, the transaction volume of course also continues to decline, but for those of us who want to buy at a low price, now is the ideal time, buy it immediately and hold for at least 3 months.

Things like this are my considerations for not choosing a coin that is popular in a short time, I avoid such scenarios and that's the reason I still choose and stay in top coin investments such as bnb, eth, eos, and tron
I have absolutely no interest in luna or anything like that, although I know behind it all there is a place for me to take profitof but there is also a place for me to suffer significant losses.

The sadness felt by people who have invested in LUNA but you must continue to see the movement and promise of the team to everyone who holds the coin. It's certain to invest in Bitcoin even though the price has decreased far from last year at least you are sure there will be surprising new prices in the coming year. But back to yourself to be sure of what you are investing in the future.

It's terrible when you look at Luna's current state, even though I didn't invest there, but I can feel how people still hold Luna. even if you look at the price in the last few hours the chart is still red.

It seems that you already understand the right way to invest in Cryptocurrencies, by choosing to invest in Bitcoin is a very appropriate way to invest. and investing will not have a big risk like what happened at LUNA, very disappointing investors, choosing to invest in LUNA is very risky and will make us waste time, if you invest in altcoins like LUNA it really makes you lose and cannot benefit from other Altcoins that investors view as quality coins.

And this is the wrong decision to choose LUNA to be your life savings in investing, next time you have to be more careful in investing, every investment you have to know the rules of risk that will happen to you when you want to invest so you know the predictions do not lose the funds that you have bet.

There are several coins that are recommended to invest in, and these are very proven and belong to the category of investors who they think are very good for their value, and many people choose to stay on Top these coins, BNB, Ethrerum, and are very good to invest in the Coin King or known as Bitcoin.

Yeah alts are mostly all scams or at the very least susceptible to these types of things.  I would never pitch to someone to put their life savings or even if it's not your life savings, a large portion of your crypto holdings in alts.  In a bull market yeah money can be made bit it can get wiped in a single instant as we've seen with luna.  Start putting more in bitcoin and go from there.  Good luck to you.

I also hold altcoins, but not LUNA, but other altcoins, I've also experienced dumps of up to -80% more because of holding altcoins,
just like that I'm already frustrated, yes, we can't imagine how terrible it is for holders of luna to experience this frustration,
it's a shame this is the worst thing in the world of kirpto

The best way to learn a lesson is when you learn from your mistakes. To understand how dangerous investing in altcoins is, you need to lose your money. Sometimes it seems that you can earn more on altcoins, but this is the case when quality is much more important than quantity. Investing in bitcoin is the most reliable investment in cryptocurrency, if it can be called such. Minimize the risks and buy bitcoin.

if you lose your investment then I'm sorry about that, you have to be able to move on and forget about that luna shittoken, you can use this experience as a lesson for the next you only invest in really trusted tokens/coins like Bitcoin and maybe ethereum/bnb.

The problem is that nobody knows how long the fall of the market will last and if it will last for a long time not all the projects will be able to survive during such fall. A lot of projects will stop working.

Some tokens have bankrupted me where I have lost about $1k by investing in this month. In fact investing at this time is risky but we should trade at the right time so that we can stay away from investing for the time being. The money i actually get from crypto helps my family manage. I have been forget now for participate bounty like social media campaign even i just work a bounty signature.

If you are not into a heavy risk type of investment, taking bitcoin or other top alt is much better to invest your money.

Those who invested with Luna will learn things the hard way. It's not easy to just believe in every word from the tam and community. You
also need to extend your time in studying the potential and what are the possibilities that the project will progress, and how the community will continuously support the project.

do you invest in altcoins with good fundamentals?,
I am sure that if you invest in good fundamentals you will not lose your money,
because this is a bear market, so many people are also affected, not only you, so take it easy.

Fall of the market is very difficult time for all the projects, because many people lose interest to cryptocurrency and stop investing and projects do not have enough funding.

It is very sad that Luna team can't prevent LUNA price to dump, even after they forked the coin !
Currently, LUNA v2 price is around $2 which is far below the initial price when it forked from LUNA v1.
Im really not sure about this project in the future, they should get the trust from investors first.

With what happened previously, it's tough for the team to regain the trust of the investors,

they needed find ways to look for better opportunities that may attract new and old investors to gamble again
with their fate in trusting Luna once more time,

Hard to assess, especially when the market is experiencing massive fall, most of the investors are holding in entering
the business.

Of course it will be difficult for the team to make investors believe again and clearly it is not an easy job,
considering the current market conditions are also not supportive of course investors will also think and consider many things before returning to believe,
Let's see what the team will do in the future

What the team will do in the future is to make the project better while still making good things that can have an effect on investors' confidence because without a trusting investor it will be very difficult for certain projects to develop and what you said I think also very true because at this time investors are choosing to save their assets.

With the sETH talk of another disaster right after Luna, the Celcius project seems to produce similar results. It's Luna v2, I've seen a lot of rescue efforts, but I think it's a miracle that they even made a comeback from this disaster. I didn't think they could continue. How did they continue here is confusing. Anyway, Luna v2 opened a price on the exchanges at 18 dollars. At the moment, it is going towards magma at the level of 2 dollars.

During the fall of the market many people do not know what to do, because all market falls and many people lost a lot of money.

Many people are waiting for the continue of the fall to buy cryptocurrency of new and prospective projects for the best price.
To do this they constanly monitor the market.

The market continue to fall. Many people predict crypto winter.
But a lot depends on the economic situation in the world because now all market falls and nobody can say when recovery of the market will be.

Never mind him, a lot of people have lost a lot in LUNA, and made most people very depressed by what happened to LUNA, now that we also know that LUNA is here for the second version, it also doesn't seem there will be any use for many people already. do not trust anymore. I am sorry for the loss of your life savings to LUNA and it seems that you are very disappointed in LUNA.

But with your initiative and interest, investing in Bitcoin is the right choice, and I recommend as soon as possible and immediately you invest in Bitcoin by taking advantage of this red market situation that will bring you profits, and if you want bigger profits invest in Bitcoin over the long term.

the aftermath caused by the luna's ust defective algorithmic are really tremendous it even caused other altcoins get affected heavily in term of their holding since frankly so many big foundation behind these famous altcoins are also investing in LUNA.
now even the new luna isn't getting better either, it literally going down 80% just like the classic luna, you could guess that the new luna just gonna suffer the same fate long term.
I'd just never invest in anything related with luna if i want to keep my investment from turning into ashes.

I think investors trust in Luna is over, even after the developer released Luna V, it still hasn't changed much from before development
And as you said with the current market situation, investors' hopes for Luna are disappearing
But I'm still wondering how it fell that far, while seeing the top coins not drop more than 80%, so how did it happen?

You are right, the situation is very often unpredictable and you can lose all your investments in one moment. But on the other hand, this situation shows that investments in crypto assets are high-risk, which, on the one hand, can make it possible to get quick and big profits, and on the other hand, lose some or all of your funds. But if you still see a future with crypto, then you should choose several cryptocurrencies for investment. This way you can save some money.

Well, it's unbelievable Luna crashed and many of the investors lost their life-saving in Luna. Overall it's a bitter lesson for many investors. Such incidents ruin the reputation of the crypto market. Many new investors who are planning to join the crypto market are afraid after the LUNA crash. BTC and Ethereum is the best option for the long-term.

If you have to ask if Crypto will Survive, maybe you’re in the wrong game.  The big fish you are talking about want smaller investors to think exactly that so they sell in fear so the big fish can buy the lower bottom and then the suckers who sold are FOMO’d into buying in at higher than they sold making the big fish even more money.

The everything is on sale is the right mentality though, especially with the layer one stuff.

Actually the fear of Luna's crash in the market is not a special reason to be afraid of others such as BTC and Ethereum, so investors' hopes are actually still elsewhere or in other cryptocurrencies after forgetting that Luna has gone bad in the market. Moreover, you know that BTC and Ethereum are the best choices for the long term.

Bear market is the season that we need to prepare our self because most of our altcoins investment  drops and there is no way to get them back in a few minutes or days sometimes we need to wait for a long time before we can saw our asset back to normal depending on bitcoin price situation in the near future. The decision is all yours you can just hold it and wait for a bull season or you can also sell it at loss and never invest again, in my part if i had to choose i will hold it because most of the holders really earn based on the history.

luna accident have big  influence to crypto investors, moreover it happen to major cap in top 10 cmc which recognized as safest asset so far. They are affraid if same accident will happen to another major cap included btc or eth. As long as we managed our portofolio with risk management, we would not suffer huge loss.

Yes, because they are not the same cryptos. The founder of one coin already has a bad record before and that might be the reason why his projects have collapsed but the devs of two cryptos namely btc and eth are until now clean. Those who are dedicated enough to enter cryptos will always do their research and they will find these facts, which will be enough for them to continue instead of being scared.

The real lesson here is to not easily trust other projects and investors shouldn't put their life savings only on just a crypto even if they think that it is already the one. Life savings must only be kept safely in a secure place away from the instability of cryptos.

Well, the truth is that the relevance of LUNA in the market does not seem so important to me, as long as it is an altcoin that is not important because it does not affect BTC, for me all this, both the current fall in the BTC and crypto markets, has a lot to do with do with the inflation levels in the USA and Europe, investors are people who have a lot of money in there, and when there is inflation they obviously can't get out of crypto and put in fiat, they have to use other assets, real estate, gold, among others. others, for me it represents a big problem when BTC falls because that makes all the altcoins fall in price, the fact that people have lost with LUNA I think they must have thought that this money was at risk all the time, much more than in BTC, because of the BTC at any time it can grow and give new ATH.

At least I wasn't the only one who suffered losses due to Luna's demise, so I lost the confidence to re-enter the project even though I created a new token and the current token price also keeps dropping, although I will do it anyway. try to enter a little to buy lunda at the current rate, although the same risk can occur, the most important thing is not to go all-in again.

So you're the owner of GMAT token? Why not just focus on your token, I don't know why you created a new token and buy another luna. If you're hoping to get 100x return from LUNA again then don't forget to not cry when you're money lose twice and don't forget to prepare your mentality when that happens   

coins like LUNA was deemed to have really strong fundamental with its UST and all, but at the end of the day none of us knows that LUNA could become such a disaster, I guess it's just better to stick with the likes of ethereum instead that has been existing for a long time.
Even right now celcius was forecasted to have some massive correction in the future and could become the new luna crash.

It's true that it's too risky if we still trust LUNA again, after what happened to LUNA, I don't even think about buying LUNA again. Because I don't want
to repeat the same mistake, it's better to invest in coins that clearly have a good reputation such as ETH or BNB, rather than gamble expecting
a big profit from LUNA, which most likely won't happen. Especially if we create our own token, why care about other tokens, it's better to focus on
our own tokens. We must be careful in making decisions regarding investment issues in the crypto world, because investing in crypto is a high-risk
activity, if we make the wrong decision, we risk losing all the money we have is very large. So think carefully about every decision we will take,
don't let us waste our money on projects that weren't worth buying from the start.

It all started with LUNA depegging and no FIAT guarantee for UST.
New investors still seem to want LUNA to ATH prices, but due to irreversible problems, Luna prices continue to fall due to the loss of confidence of other Investors in this coin. we can see how this project will continue, because it's all a choice, the Luna ecosystem continues to be developed and several developers will learn from that experience.

The majority of people like crypto for two reasons, one is to fight inflation and the other is because of its rapid price fluctuations in it.
This is why people leave a good and trustworthy project and invest in a low-cost and risky project to become a millionaire and the result is the same as what happened to Luna since there are still a lot of problems for crypto globally and as long as This kind of fraud will continue until it is not legalized and further legislation, but there are still some agencies that are monitoring such incidents,
like SEC Also yesterday, a group of unknown hackers named Anonymous made allegations against Luna's founder in a video and said that we are also investigating on our own. Given all this, I don't think we should invest in anything other than bitcoin and Ethereum or the top ten coins unless we have to keep our money safe until crypto is fully accepted globally.

if you see that way, it's good to set your investment away from this project,

there are other alternative assets that you can use and can provide you decent benefits, instead of risking your money
from the project who already shows dump from the previous market.

You need to work it out and be assured that you learn something from the event that the market is really volatile.

Everything is risky in crypto so you should believe reality. Don't be sad because crypto market not stable at now always red link so you can avoid invest now. Otherwise you can buy few top altcoins which is best profits in the future. Anyway luna already death so be strong and try another way.

I would say currently is not safe to go into investment after facing a big challenge with Luna why not he watched and see how the market goes before venturing into any currency.
It's best advise to read more updates about the market conditions maybe to know he is at safe side me not. But all the same the choice is left for him

I feel your pain, it would be disastrous to go through stuffs like this more than once. Bitcoin would never be in this kind of mess unless the entire cryptocurrency industry is going down. I've also considered the strategy of storing my funds for long term hold in bitcoin or at least USDT. I hope this does not fail again, because I may be tempted to quit the industry.

if I were you i would just stayed away from Luna. investing in a project of which the dev betrayed the users and created another token and called it a revival plan without even seeing the interest and benefit of their users.
you should invest in other and better coins which have honest and loyal dev teams at least.

It is advisable that you have to read updates and market condition but if you are planning to invest then the current condition of the market right now could be good to invest which the crypto price is decreasing to buy more crypto. As for Luna, It's up to you if you invest or not though they have problem about it but they have find a solution which is the new Luna and the first Luna is now called classic Luna as you know it.

I think Not stop all yet because trading almost alive everyday. If you have good skills in trade then you shouldn’t upset investment at the red market even you can make profits by trading everyday. At least if you are a strong long trem holder then you should wait till start bear matket.

You are right that we can make a daily profit by doing spot and futures trading. Future trading should always be avoided. If you want to trade, spot trading is the best as you said But for the majority of people who work on this forum, The idea is that something can be earned through Bounties not to through trading.

Bitcoin investment is actually the safest in the industry. Most altcoin would not be traded few years from now. Infact some may not survive the present bear season. But bitcoin would always come back bigger and better. Anyone who has doubt about the market can find solace in bitcoin. She's so welcoming and soothing

I am very optimistic about my decision to avoid investing in LUNA and have no doubts at all. Because I do my own research and analysis,
which I think can be trusted compared to other people's opinions. As long as there are other coin options that we think are better,
why have to force to hear other people's opinions that are not necessarily true, and also risk making us lose our money. It is very important
that we learn from our own mistakes, because successful investors will not repeat their mistakes. I remind again that investing in crypto has
a high risk, so being careful in making decisions is very important. Always believe in ourselves, because only we know what is best for us.
Don't let influencers influence our decisions, because most influencers only think about profit for themselves.

Good point. Repeating the same mistakes only means that you are not learning from your participation.

Either you earn or you learn, though, much better that you keep both if possible. There are times that you might
choose the wrong assets, but moving forward, you will be able to understand the concepts and you will establish
good strategy in each investment type that you will going to choose while inside the market, indeed a risky venue
but once you completely understand the concept, you will be able to compensate yourself and enjoy the luxury.

Although Luna's death is not the end for all, it is your fault for investing everything into Luna, my condolences go out to you. Investing is risky, so don't put all your eggs in one basket and always be on the lookout for coins that promise high returns. Your loss has hopefully taught you a lesson, and I hope that you have come to realize that bitcoin is the only coin worth investing in .

it seems that the situation has already happened and indeed LUNA has become a frightening specter for investment where the situation is so out of character, so that it is not worth it and it is clear that many have lost their funds and cannot do anything. just waiting for the certainty that LUNA's resurgence will soon return, but now that has changed him.
The new LUNA also can't give confidence because when it appeared and immediately corrected to date at a price of $2.02, of course they are still waiting for the development they will do.

The risks in the cryptocurrency market are very high and almost unpredictable, you should only invest with the amount you are willing to lose and should not put your trust and confidence in any one coin, any coin, no matter how big it is. The higher the interest rate, the higher the risk, the more we have to be careful, invest with a cool head and always control our greed. An expensive lesson but hopefully you'll get through it all again.

That is why many people prefer Bitcoin and Ethereum investment in this bear season, because it hard for their investors to experience much Lost in their investment. I wanted to invest on Luna because I saw many people rushing to invest a huge amount of money on Luna to make more profits which many of them never carry out their personal research to know, if the project will last long in the community but it later caused many people to lose their profits. This is not the right time to sell altcoin because their price is still decreasing in the market, which it will help many to use this opportunity to buy and hold until the price increase higher before they can release them for sale in the market.

DYOR in order to make a better look at the possible market movement,

Hold if you are into long term. It helps a lot not to be afraid when certain unpredicted market downfall take place
there are many market runs that will push you to sell, but if you understand what you are doing and you are willing
to work more for the betterment of your holdings DYOR is always the key to succeed.

i'm sad to hear that. but after all that has happened to you right now can teach you a lesson not to put all your money in other coins besides bitcoin and ethereum.
indeed investing in crypto has a very big risk for investors. but if we can put our money in the right coins like bitcoin or ethereum, there may still be hope in the future. because the popularity of bitcoin and ethereum is very clear and has a very good value in the future even though the price is currently down, it will definitely go up again in the future. we can remember the price of bitcoin in 2017 rose to $ 20,000 and dump to the price of $ 5000 after that in 2022 bitcoin rose again at the price of $ 60,000.
from this we know that bitcoin has a much better future than other altcoins. like LUNA is one of the altcoins that made many investors lose a lot of money and have almost no hope in the future after the crash

you have to remember that cryptocurrencies have a very high risk, so you have to really pay attention and know the various information about the altcoins you hold. and what happened to luna today is the worst risk that has happened to luna holders. so my advice is to invest in altcoins that have been trusted and have lasted a long time in the crypto market. and Bitcoin is the best choice of all time.

It was an unexpected ride with all those investors who falls with how Luna doomed the market.

It's a lesson learned that there's no accurate outcome more on speculation and once you failed to invest in the right timing
you will expect that the outcome will be worse than what you think.

Especially those who got greedy and, instead of pulling their investment while the market is still pumping, they are now regretting
and will continue to remember such a huge mistake that they've done with their investment.

Where you holding your Luna at all time high? Why? I expected people to have sold theirs before the crash because the crash happens after bull market, are you guys trying to be forever crypto whales or something?

Luna's death was too sudden and no one had time to react. It was an expensive lesson to learn and it served as a warning to the entire market, even if you invest in the top coins, there is no guarantee that it is safe.
You should always invest only what you can afford to lose and never put your trust in anyone in this market, stay awake and do not fall asleep in victory.

Hearing the news of Luna left me heart broken. Though I didn't have much of the token, I felt bad for those who had invested a substantial amount of their money on the coin. This has made me to be more careful about investing in altcoin as it seems to be more volatile. If I'm to invest for long term, then it has to be bitcoin.

This is crypto and it would be too naive to expect to have a guarantee that it is secure,
the risk is indeed big and each person has his own decision whether to take the risk or not,
what you said is a good thing to remind all of us not to get caught up in winning

What happens to Luna can happen with any coins, we must be vigilant and must follow the latest developments of the coins that we save, and for the note that what happened to Luna has often happened before, the most important thing is to always be vigilant and observe the price movement at least once a day.

Move ON from Luna is the right thing, stop with this project scam, even though they are rebuilding I suggest staying away from it,
Luna has taken a lot of victims in this crypto world.there are still many good altcoin projects like MANA, SAND and OGN

When LUNA collapses it has a big impact on the market, all investors are always worried if it happens again, this is what makes us always follow the advice of experts, before LUNA dropped 99% in a day I heard loud criticism on social media that LUNA did this which is dangerous.

If someone falls in a hole, they certainly won't want to fall into the same hole, it's like the saying, in the end more and more people still believe in it with its ambition to get money faster, and in the end the disappointment that will be obtained, that the Luna token is really already it's not worth buying, that at the beginning of Luna's appearance at that time, people were competing to take advantage of Luna, and bad things might happen again, so be prepared to accept the risk if you still hold the Luna token..

 Luna was a very bad investment to most investors that invested in the coin, but again it's a hard lesson to learn. There is a saying "never guide all your eggs in one basket 🧺". You said you lost too much of your life savings but if you had invested in Bitcoin, you would not have loss Total because Bitcoin is not luna.
   The Luna crash wiped out some investors funds. example was the Korean investor known as “Chancers,” he lost $2.4 million on Luna coin and later got arrested after knocking on Do Kwon’s door (https://news.bitcoin.com/luna-investor-arrested-for-knocking-on-do-kwons-door-after-losing-2-4-million-in-terra-crash/).

At this moment, those who are still investing or holding this coin are playing their cards in a risky way of investment,

There are people still who will take that, hoping that the market will be good for them or some pump and dump group will use this coin
and they will earn out from any activities.

It's your call, though. There are opportunities and it's not limited. It's more about the type of investment that you are going to work on and
will try to earn a good amount of profits.

Ponzi Terra. Luna 2.0 is the same scam as the old Luna
How long did it take people to realize that Luna v2 failed? Stop these Ponzis now.

Whatever this community Luna does, it doesn't matter, but here Luna is losing popularity, and new investors are not interested in it.
And if they still believed in Luna, they deserved to have no money.

People who still trust LUNA and hope that LUNA will provide big profits, those are people who don't accept the fact that they have become
victims of LUNA. Because for me there is no second chance for LUNA, what LUNA did had already damaged their own reputation.
We should not be easily fooled by LUNA teams, who promised to return the losses we experienced by reinvesting in LUNA. Which everything
LUNA Teams promises is a lie, so don't let us fall victim for the second time. We have to forget about LUNA, and focus on other projects that
are more potential and profitable. Because there are many other projects that are much safer for us to buy, and of course can provide big profits.

Actually it didn't fail, there was still panic that made it happen, and Luna's price was destroyed in a split second, or it could be a market that demands all coins to go down, including Luna, there's nothing to worry about, because I really believe in the Crypto community, they won't do the same and don't want to be stuck in the same hole, which should be a worry for new users who don't know the cruelty of the Crypto world..

Yes you are right there is huge depletion in market value. Almost every person loss his some amount of cash due to financial crisis and market crash. But it will be better if you keep these coin in which you make investment and wait for the accurate time to swap. May be this  can minimize your loss. It is obligatory to not sell the coins which are minimum than the price in which you pick up the coin. Market is not stable so you should take each step with care.