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So many people have suffered losses in this incident that befell Terra Luna. there is even news that mentions people who suddenly went into shock and fainted because he had stored a large amount of terra luna. and he went on vacation for a few days without seeing the market. and after coming home he just checked the market and he was surprised to see his terra luna coins were worthless. He was shocked and rushed to the hospital. and many other stories. you can search on google.

but apart from that I myself am an enthusiastic person for the development of this terra luna. and did not expect this bad thing to happen.

but there is a unique incident from my friends in the real world, namely they buy terra luna coins in large quantities at the current price which is already almost worthless. and I asked my friend. What's the reason you bought Terra Luna? he my friend replied i want to keep it as a memento.

from this answer I also think whether it is possible for many people to do the same thing. So I also ask you all, did you buy Terra Luna now to be used as a keepsake collection to remember the achievements and history of what happened to Terra Luna?

I feel sure this incident will be a new history in the crypto world. like in 2018.

There are so many altcoins that have turned to dust I don't really see this one different. The only difference is the hype and the funds involved. But "tomorrow" another shitcoin will rise, bigger, shinier and will turn even more funds into some smart guys' pockets.
While I was thinking to invest a little into UST now, at ~20 cents a piece, I still think that bitcoin has a better chance to grow 5x than UST recover, so I didn't do that either.


I still fail to understand why did so many people invest so much money into a stable coin, especially a new one. Just because Bitcoin price has been going lower?! There are more established ones, backed by actual dollars for the job.

How many shitcoins from the 2018 dump are still worth keeping or remembering  ;D

Maybe the hope your friend has is that one day Luna rises again, finding him with hundreds of thousand of coins, which is less likely to happen. The people who have ripped out of Luna are just going to abandon it and move on to another money making scheme

Staking to earn some APY.

I have never been a fan of staking. This is one of the reasons why.

Ah, my friend, who bought Terra Luna at the last moment before delisting on Binance, he became very lucky. he spent his $40USD to buy terra luna and he got around 32 million coins. and now we see the price of terra luna back up. my friend told me that now his money in terra luna is around $3000USD from the original only $40USD. how lucky he is. Ah, I'm sorry I didn't buy it at that time. even though he invited me. I bought a little late. I just bought it as a collectible with $10USD after a bit of a rise and it's now $30USD.

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well that's how altcoins we can't guess. and much has turned to dust. but this terra luna incident I think a little different. I hope Terra Luna can bounce back.
oh well I also bought a little bit of UST at a low price and now it's starting to go up again.

Oooh, thanks for the clear up.


That was lottery, not actual trading. UST could have gone to 0 very easy from there. Actually it still can and I don't know what chaos could a revert also do.
But yes, 40$ is not too much for a lottery ticket :D and now he can even cash in the initial investment and enjoy the ride.
But you should not be sorry. Crypto is young and there are plenty of opportunities around. Probably not for getting rich overnight, but still... Even more, the more conservative you are, it may take longer, but at least won't go south with the speed of light with this or that "investment".


The fact you have bought a lottery ticket doesn't make UST better, it only makes your hopes higher.
Good luck though.

The profit is quite large, usually the greed factor prevents your friend from realizing that profit. I see LUNA is still actively traded on several exchanges. I hope your friend don't want to wait long to sell everything before it's no longer available on any spot market.

I don't believe your friend that's the main reason why he's bought Terra at worthless price. He bought it because just imagine owning hundred thousands of it to millions and billions and then with a centavo move, he's at profit already.
It's all about quantity over quality and that's not new to the trading world and he's longing to wait for that very moment until he's able to bag those profits from that centavo move.

if I were in his position I might have sold it and enjoyed the profits. but I still see he hasn't sold it yet. maybe because from the beginning he bought the terra luna coins to be used as a collection only. considering that at that time there was a notification from binance that it would delist Luna and I don't think he knew at the time that it turned out that binance was reopening spot luna/busd trading. and I hope he's not too late to sell. but I admit he has good analytical skills. because he has thousands of followers on his telegram channel.

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After reading your response I also came to think that it might be true that he had foreseen this. considering he's a crypto analyst.

Your friend may be lying about that. As you can see that so many people were buying luna at the bottom caused by they wanna try to scalping it. So that's happening with your friend. If he was buying at the current rate and that means he was a scalping traders/ My friends were also trying to scalping this coin anytime since this was reaching the bottom price. The problem is if this is pretty much similar like you are gambling with it.

There's no need to buy there is a blockchain record and articles written about Luna's downfall it is recorded in all the tweets articles and everything associated with its downfall, I bought some but already sold them it's no use holding speculative assets, some made profit other takes made huge losses, right now there is no announcement we'll know this week because the Luna community are very anxious on what proposals will be implemented, we are all left hanging here.

So what happened to your friend now? Considering that the market has been down already and Luna is also going down as well. The party seems to be not good and exciting anymore.
Ask your friend. There's really a reason on why he has bought it. No one will buy it for no reason, everyone has a reason why we're buying this and that.

There are people that do that with fiat too, one of the most famous examples is the Zimbabwe dollar, the inflation was so bad back then that a 100 trillion banknote was printed and since then that banknote has become infamous as it shows the destructive effects that inflation has over the economy, Luna is the same, if I am not mistaken the developers are printing a huge amount of Luna as well which is nothing more but an inflation of the supply so I will not be surprised that Luna may take the place of bitconnect when people think of one of the biggest scams that we have ever seen in this market.

I think it's okay to buy Luna just as a keepsake but if all sources for saving Luna are gone or nothing is online, how does she keep Luna in her wallet? Even if it's a personal wallet owned by Luna or from the project?

If you want to follow in your friend's footsteps, you can simply buy it and move it to your personal wallet while watching and waiting if Luna does have a chance to upgrade. Otherwise, Luna will be history in cryptocurrency.

I do buy Terra Luna, I did it not for a keepsake or stuff like a memento.  Honestly, I don't care about Terra Luna, I bought it for gambling's sake.  Higher risk, Higher reward stuff. I have extra money that when spend or keep won't affect me that much, so why not gamble with it on Terra Luna.  If the market continues to crash and Terra Luna becomes worthless, it's ok since it won't affect my finances, but if ever The dev made a miracle and able to regain at least 3% of the previous ATH then it will be a fortune for me.  So weighing the loss-gain effect ratio,  I decided to buy some Luna and stash it to sell when the price become profitable.

No I don't think so that people who are going to do investment in Terra now are doing that on just for the keepsake no. They are taking the risk of not wanting to be left out if Terra happen to do recovery. Imagine it if with the price of Terra now and the increase suddenly happen in 100%. Depending on how much invested in it that is money. I think this reason is enough if someone invested now not for keepsake. If Terra start increase it will surely do a multiple increase this is possible if bitcoin bull start.

I asked my friend again. and it turns out he has already sold 50% of his coins and left 50%.

it turns out that the reason he bought it was not just for a keepsake. but in a sense if this coin really has no value anymore then he will make it just a keepsake. but behind that it turns out that he has an assessment that there is no way this coin will end like that. considering it's a big project and devs can't just run away. so he sees little potential for the price to rise again. and sure enough it happened. And now, as we can see, Binance, which has already been delisted, has actually reopened its Luna/Busd trading spot. and followed by other exchanges such as BingX and others.

His joke to me about buying it as a souvenir turned out to be an indirect invitation to me. but this invitation means buying to be forgotten. ie if it becomes worthless then it doesn't matter because it's only for memories. and if it becomes valuable then it is luck.

Terra Luna is a scam token and it's evident from what happened to its very drastic price change.  there is also one of my friends who suffered a very big loss because of LUNA.  for those who have already benefited from LUNA, immediately sell your tokens because LUNA's reputation has been damaged.

Unfortunately, many people will learn the hard way that there is no security in altcoins and that bitcoin is the only trustworthy coin in the long run. It’s important to keep in mind that there are some legitimate concerns and risks associated with altcoins, and what happened to Luna can happen to any altcoin. It is important to keep up to date on what altcoins are out there and the quality of their development. There is no need to jump on every altcoin just because it’s the new hotness.

yes you are absolutely right. everything has its own risks and we don't know which other altcoins will have the bad luck like Luna. So being careful and not putting all the money in one bag is the best.

Yeah, it's understood with the situation that when he has talked about it. He has already accepted that this project can really turn into nothing or go big with the remaining chance that it has.
Well, that's good for him as there's no feelings invested on it and he has to hold the remaining of it while he has sold the 50% of it, so it's like that he's made a huge profit from it as he bought. Well, the price now is currently down.

Your friend must be very depressed by now, but before it will be too late, he should start selling some of those so he can still gain even a little amount, and maybe he can hold few of them for future profits if the coin will still recover. Good thing you are not one of those who have expected huge profits and then lost them all of a sudden. The situation is just the same from those of meme coins who became hyped all of a sudden and then drop their value all of a sudden, so maybe we should be more wise to invest next time and focus more on bitcoin.

This type of situation has already happened in history. There used to be a lot more in past, but maybe they weren't that spectacular.
I don't think much will change in the cryptocurrency market, except that those who lost on this investment in the future were just more cautious.

not to save but i buy for scalping. it is risky to save luna in large quantities, if you haven't made a profit
but if you want to follow the history of luna's destruction it's okay to have 10$ LUNA for now, who knows LUNA recover

This makes more sense than buying LUNA just to keep it there doing nothing in his wallet, and there are many people that are doing that and obtaining good profits, however you need to be careful, we know the market of cryptocurrencies can be extremely volatile and a coin that is going under such extreme circumstances has an even more extreme volatility, so if possible avoid the use of leverage as much as possible as we do not know how drastic the next drop LUNA could suffer will be.

exactly as you said. I myself have now taken profits and left LUNA trading. and I sent several thousand Lunas to my personal wallet which I will keep for collections such as the Terra Luna museum for the history he has recorded.
and i decided to stop trading on the spot terra luna because i saw the hype was over and it was already difficult to profit from short term trading there. and I also saw that my friend had left the terra luna trade now.

I’m not sure how you got that thought, but LUNA is definitely done. There is nothing left in the LUNA’s economy. Almost 99% of liquidity is vanished and no one can guarantee the trust Back into that project. How could anyone trust it again? Peeps Money is vanished just like that in a week.

That’s the beauty of shitcoins, no one guarantees you it’s existence on the following day. On one fine day they are excellent in value, social buzz and what not but on the other worst day it’s like LUNA.

It's a gamble but at the current price, it was very tempting to buy and hold who knows if it will be returned to its previous status, Anyway everyone can speculate, so it's our personal choice, in fact, I was bought some of it and hold, but still, I was following the development status about the action of the Terra Luna team to rehabilitate the platform and hoping that it will succeed. to be honest it's just a minimal amount so if something happens I'll be the one to blame for my own actions.  

Currently, I see quite a number of people on social media that I own buy LUNA at a low price, and start trading with it. I understand when they say that they will hold it for a long time in the hope that it will be worth it in the future. I even bought $10 at a very low price when someone said that "Buying $10 won't cost you any money in the long run". so I also bought it by preparing the worst risk of it. however, many people do the same thing because they see the achievements of this coin in the past, and some just follow the trend without knowing that LUNA has a very large supply. Well, I hope that when they buy LUNA, they are aware of the risks involved.

Many coins have reached the market and has turned valueless, further got delisted from the exchanges. What has happened with Terra Luna is no different, only thing that makes the difference is the popularity and being on the top order as a much trusted asset with good growth. Terra Luna is highly progressing and in between the wrong mechanism used has made the entire network collapse. Even now there is hope and more South Korean people are into accumulating more Terra Luna.

It's actually unexpected, nobody is able to think this will end like that, with an abrupt decline together with the bear trend?
People had to love Luna and put this on their list, this project even see will last longer than ETH and BNB. As it was been listed on the top exchanges like Binance, of course, we can draw into conclusion that this was a great investment but too unfortunate how this end badly. I'm saying it END because I'd never see the light upon this project.

I think yes if it reaches the value 0 , but if the dev replaces it with a new token,
I will not wait long if the exchange rate has returned to the capital I spent, I will sell all my assets called LUNA because it is enough to make many people go crazy, especially new investors

This is a joke right? The Luna contract will continue to print worthless coins to backstop a stablecoin that no one is using. That is, as long as there are still nodes and validators, which I don't think there are because most devs and part of the community already migrated to $CNDL and $BNB chains.

Do Kwon is currently going through a tough time. considering that it was reported that terra luna investors from South Korea would drag Do Kwon into legal action.

South Korea's Terra LUNA investors are estimated at 280 thousand people with a total ownership of 70 billion LUNA. So far, only about 5 people have reported through the LKB & Partners attorney's office.

This was written in the editorial (editorial) of the South Korean news agency, Yon Hap, Thursday (19/5/2022), based on records from the Financial Services Commission (FSC).

sourch : link (https://blockchainmedia.id/investor-terra-luna-korsel-reach-280-ribu-orang-total-70-miliar-luna/)

I don't think traders will specifically buy Luna for the collection. Most traders used the high volatility of this coin to get a profit, which has been observed in recent days. At the same time, there are still some investors who hope that the exchange rate of the coin will recover and, accordingly, they continue to hold.

I ve read posts from people telling how they are going to hold their worthless LUNA coins as souvenirs. This is all bitconnect happening again. Personally, i think it don't make any sense to hold these shit anymore but these people deep inside dreaming of high LUNA prices so they cannot dump their crap. Deep inside they think LUNA will go above $10 or even $50 again which is of course complete bullshit and it is not going to happen.

it's like you said. I myself feel that way. like hoping for a miracle to come. but when you see the actions of the terra luna team, they prefer to make new coins rather than burn the old coin supply. This is very disappointing and I myself am starting to give up hope with this coin. although I keep it a few thousand. because even if I sell it, it's not worth it anymore. and I also want to save this to remind myself that even high-level altcoins can drop instantly.