Bitcoin Forum

Sorry for anyone hoping to recoup their pre-crash losses. It's trading around $5 presently after an encouraging but brief opening around $17.

https://coinmarketcap.com/currencies/terra-luna-v2/

Thanks but not sure if people are still interested after what happened to LUNA 1.0. Yeah, he price might be going up after the news, but this is going to be short term though as this could be used by manipulators to give us false hope, then pump it as hard as they can and when we think that it is a safe investment again, suddenly it will be dump. So personally, I will stay away from it as I have lost trust on the project and the people behind it.

Ok, good news for some of us I guess  ;)
Well, did anybody really think this is going to trade up high to recover losses? I think the project's names and people are burned for a while, many people won't touch this project for some time now.
They should just wind up Terra/Luna in a controlled way and go back to the drawing board to design a better system before trying to burn more money of their investors...

No matter how big the offer that LUNA makes, the fact is that there is still concern among traders and investors. They think that this will backfire that can make people no longer interested in investing in LUNA. I think the people who dare to come back to LUNA are those who gamble with their money. It must be remembered, minimizing is our choice to keep avoiding their project.

There are many other crypto alternatives that we can choose from. Personally we would avoid their project. After all, after the problems experienced by LUNA, they rushed to make a decision to change the old LUNA to the new LUNA. Meanwhile, the victims are still stressed and crazy.

Live and already got dumped by the whales -70% lol, what a good welcome to the new luna 2.0. For now, most retail investors can't recover their loss they will have to hold and wait patiently for the price to up to the level where they can recover their loss.
This project already lost credibility so they will really have to work hard to regain trust from the community if ever it will happen.

maybe this is the goodwill of the terra luna developers, with this LUNA 2.0 broadcast it is hoped that it can be a source of solace for the previous luna holders, but in my opinion, however, the terra luna team's efforts to provide solutions investments to replace terra luna will not work, because the user's trust has been lost and at this time they are still very hurt and disappointed by what happened recently.

https://twitter.com/WatcherGuru/status/1530554257056874497


Look at this. it was loosing around 80% from its value. The garbage scam fork coin this year. Only dumb people are giving the whales a way to exit liquidity. I hope that people will be realized that if they have bought the scam coin that is not even worth to be owned.
Who in the hell stupid people that keep buying that shit.

There are also vesting period. UST whales are using this token as their exit liquidity to recovery the lose.

Prices are falling they are no longer strong in the market see this slump really turn into a drop of almost 70% will it recover? Of course, it is very difficult for investors to believe in this project again and they will waste their luck by continuing to sell, however Do Kwon in his statement it will really be bullshit so even with Luna v2 now it has fallen deep.

How do those who bought Pump when it was $17 and now it's $4 I think it arrived twice after the first luna became the second trap too.

This is a risk when our finances are in the Luna project.

Did Terra Luna solve all issues causing what made Terra Luna crash?

And why could it not be changed for Terra Luna's original chain, why a new chain?

Questions!
Until not reviewed by a large community of coders I would not buy a single Terra Luna Coin again because Terra Luna can be attacked any time again.

What is Terra Luna even used for when Terra USD is not used anymore?

Seems to be a cash grab from Do Kwon because he emitted a new coin and Terra Luna 1.0 and 2.0 will very likely end as failed coins.

For those of you who are still convinced of the changes made by the TERRA LUNA team, this is a good time to decide to invest with LUNA 2.0 because that version has already been published, but I personally am not sure about the new LUNA chain, to be honest I'm still after what happened before, it's better for now to forget about LUNA and focus on coins that have good potential like coins that are in the top 10 CMC,

Doesn't sound like anything reassuring to me. Luna events have deeply affected the market. They are returning to the market with the new luna 2.0 in less than a month, I don't think they were able to solve the problems in such a short time. Actually, whales can inflate this Luna, but the result will not change, so I will stay away from this Luna case.

Yeap i saw it, waiting until my main exchange will list in and return some my Luna. Also its trading now around 5$, but now im more sceptic to them. Noone wont to loose their money again in the same project and me too.

The Luna team has already de-pegged TerraUSD and I think this was one of the main issues for the crash of the two currencies. As for the creation of a new chain network, this came after the developers voted, which was included under the Terra recovery plan and I think they did that in order to revive the new Luna to compensate investors and keep it away from any collapse that might occur in the previous chain.

We do not know what will happen to the new LUNA, but I see that there is an adoption of the LUNC by exchange platforms and influencers, I do not know frankly whether the investment in the new LUNA was worth the risk or not?!

for anyone that wanna invest in this LUNA 2.0 I think it's better to wait it out instead of getting in right now, the market currently is confused in regard of the right pricing for this LUNA 2.0. even the price currently is fluctuating like crazy.
Also there are many controversies like the luna classic holders against the new luna holders, although its kinda obvious that the classic luna are just simply getting abandoned at this point.
however i'm sure that in the future maybe in a week we gonna see the real price that luna gonna have. Maybe it could score an even higher ATH than the old luna none of us know, but there is a big chance that it just gonna go down

80% down but I think this is just an early speculation and when we hear good news from this project, we might see them recovering again. For now, I will not buy because its too risky and too volatile, I will wait for sometime and if LUNA able to rise again, that could be the best opportunity to buy but for now, I’ll put this on my watch list for my own safety.

They just released this coin today but before that, many says that this will be a useless update and it looks like they are correct. LUNA can drop to below $1 again since that’s the value before the update, so be careful and this is very crucial for them since if they failed again, there might be no more 3rd chance for them. I won’t buy as well, I’m ok already with my small holdings on LUNAC, not expecting anymore for a pump.

Lots of people have been fucked by Luna, and I don't think that the interest for the said alt is still organic. It's just the same shills doing the heavy marketing to get LUNA on the radar of many people, hoping to make more money out of it. Once they got enough, see the price crashing down just like what it did before. People will be fucked in the ass again and lots of complains will arise once more.

It's funny how a lot of people let the same flame burn them twice. Oh well, their money, not mine.

That’s the hate that they deserve, this hard fork is not a good idea in the first place and what can you expect? There will be no real investors here because they are afraid to lose the money again. This is more on a speculative coin where it can pump and dump anytime, manipulators will also stay on this coin so be careful because you might get trap again. If you don’t want any stress, stop looking for LUNA because the drop can still happen and that could be the start of another FUD which can lead into a bad trend for LUNA. I wont suggest this to anyone, LUNA 2.0 is not good for me.

the price (LUNA V2) at $17 only lasts 5 minutes LOL...

currently the centralization of major exchanges such as kucoin, bybit, gate.io and kraken have listed Luna v2, the transaction volume is quite high, I don't know why they want to list this token, but I'm not sure Binance will open up again for this Luna v2 after the bad thing that happened to binance.

the starting price at the first minutes of listing never really matters honestly.
It's the price that comes around after a week that it finally showing its true value. Instead anyone that gonna invests in luna should be waiting for around that time if they truly want to make an entry since the current value that luna has is highly fluctuative.
in the other hand, the classic luna seems like have been having massive correction since most have realized that there is literally no use holding it since it has literally become the new shitcoins, despite having ever reached 5th rank if i'm not mistaken but it's a shitcoin regardless maybe UST will also suffer the same fate.

Everyone who launched Luna 2.0 was very optimistic that they would be able to recover their lost profits from here.But the way the market is going to crash shows that Luna 2.0 may not be able to go much further. There has been a lot of dumping since yesterday.Looking at the state of the market, it seems that people have not regained any confidence in it.People don't think of it as a safe investment.https://i.imgur.com/wnf2pNh.jpg

^^ I mean how can you predict that you can recover your funds when everyone is badmouthing Luna 2.0? So I guess those who got some profits are those who simply uses the old pump and dump method.

This will be the true value of it, gonna be less as what everyone expected because Luna doesn't have the support of the community after what they have done with Luna 1.0, sorry to burst the bubble specially for those who think that it will just go back to it's previous price.

Agree and this is the fact. look at how so many people were blaming this through writing bad comments on CMC live chat. So many people are also using this as a way to recover some of their lost and yeah UST holders are loosing all of their investment and they will able to recovery at least 30% as the maximum amounts that can be recovered from the dump.

This is indeed true, this might be just a quick pump and dump coin. I mean it's not wrong of people to make use of its ups and downs, that's how trading is. But to those hoping that Luna 2.0 will bring back Lluna to its glory days, I guess they gonna have to wait a bit longer if that's even happening.

They already lost their community's trust with 1.0, so they're just blaming everything on them I guess. The opening price was quite good, but that's what always happened when a new ones comes out, the hype and all, but now the price is already down quite bad.

It is unfortunate for those who have lost money through UST due to the dump that occurred and if there is still a chance to recover at least about 30%, I think they will all do it and then forget about UST for good, because it is too painful to lose money in just a few days through coins that are believed to be the best.

I think for are now conscious of what happened last time and they won't rush this time to invest except for those who are going to play with the current situation and those who are going to gamble for the time being. As we can see it's going down again and no one really knows when it will stop, some say it will go down to almost nothing again and as for me I'm not gonna gamble my money in this kind of investment, it's the only choice we have anyway. we still have lots more out there that could probably get 100x in the next years to come with legit and real developers.

I think since Luna has become a big scandal in 1.0 so the interest of investors will not increase early. There is no guarantee that they will not do this (2.0) again in the future. Moreover, there is no shortage of potential coins in the market. So i personally will not eager to invest in this platform right now.

Its good news for those who suffered huge losses due to fast crash of old Luna coin though it will cover only a fraction of their losses but still we should support/encourage  Luna team to continue working hard to restore confidence their investors. The Luna 2.0 was quickly listed on many exchanges which reflects great interest in Luna and going to be listed on Binance soon. I believe that true strength of Luna is its strong community which is still in tact and its dynamic team of developers.

LUNA 2.0 has always meant to be a dumping ground for prior investors

Guys let's unite and hold this token for at least a month and I am sure the price will be really high. It makes no sense to dump right now because the price is nowhere where it should be because the max supply is 1,000,000,000.

I was really hoping that the old luna be recovered somehow by burning tokens slowly and that would have been a more realistic, honest & legit solution for the problem. Just creating a new token and dumping the old one shows that the Terra owners don't care about their holders and what stops them from dumping this current version and look to make luna 3?

To be honest i think the current price of around 5$ is not even that bad given the recent happenings around Luna. I would guess that a lot of people that have bought into Luna 2.0 early are doing that because they are just speculation for a slightly higher price to get some quick profits and not because they think that the longterm potential of Luna 2.0 is great. I think the sell pressure is just way to high once a certain price range is reached. A lot of people still have a lot of Luna from before the snap-shot will want to cash out as soon as they are break even or at least as soon as their losses become smaller. Of course i could be also wrong and the new algorithm for the Luna 2.0 stable coin is a great new invention and the price of Luna 2.0 will go crazy as Luna did a few months ago.

I can see Luna 2.0 live market. At first it was a good price, but since then the price has been declining.Many were saying and hoping that Luna 2.0 would recover. But we saw the opposite I don't think people find confidence in it. They are still afraid to invest.Luna Classic is currently priced $5.88.

Always dump lot of lol, but it might be good news some us. Even if some of big investors now bought more in live luna 2.0 then it can might be alive in crypto market. Otherwise we shouldn’t buy luna 2.0 right now because if it will be failed then again wait for loss big asstes. So maybe that's better plan we should wait to see stable ath of the future step.

This really seems to be what the owners of the project are trying to do and it is clear that the Binance platform is working to support him in what he is trying to do. This support from Binance offers two obvious reasons:
1. The owners of the project are seeking to revive a failed project to escape the legal consequences, especially since security research has been launched by the competent authorities to determine the parties responsible for what happened.
2. Binance platform, at the latest, may be one of the biggest affected by the collapse, by losing part of the profits from trading on Luna, as well as Luna's tokens in its hot portfolios, which have become worthless overnight.

So much for a coin that was worth nearly $120 a couple of months ago. Not even the launch of a new blockchain had any positive effect over the cryptocurrency's price. I guess investors moved on to other projects which hold true promise to change crypto/Blockchain tech for the better. Terra's been nothing but pure hype without providing any concrete results to the public. If the team really wants the project to take off, they're going to have to do a lot more than just giving birth to a new chain.

A re-branding would've been a better strategy in order to attract as much investors into the project as possible. With how tainted the "Terra" name is, who'd want to pour money on it in the first place? Crypto often behaves in strange and bizarre ways, so I wouldn't be surprised if the coin goes close to its All-time-high just for a short period of time. Just my opinion :)

There was no way for recover some of their money from stable token UST that already failed to depeg to the dollar value. They are only having the new token called luna v2 as their last hope to get at least a few percents from their investment back to their hand. I would not be surprised to see that if the price of this new token will be dumping even more once binance trade will live and whole of major exchange sites that was supporting this fork will be opening its deposit and withdrawal. The luna classic is even dumping more. There's no hope anymore for this coin.
Mostly of people are also calling it as a scam. This is obvious if lune already lost all of trust from its investors.

My balance on binance is still blank and seems not yet connected to binance, I still keep LUNA and hope the price can reach at least $ 5, if you see an ambitious team then I am optimistic that LUNA will be great again soon.

Yes people lose interest with this new coin after what happend, althought team said this is more secure but what previous case we saw maybe a billion dollar lose  :'(

Yes, there are a lot of coins worth investing in, why should we focus on a coin created from the previous scam coin. The new Luna is only the hope of those who have held the old luna and ust, hoping they can regain some of their former loss and stay away from us. Investors who have never had a chance to own luna are very lucky investors so I hope they should continue to stay away from luna 2.0 as there is no guarantee it will not become the next dumping ground of luna team. Those who have received partial compensation please sell all of them and invest in another coin like bitcoin for example.

I dont touch this coin. I only see red warning signs.. Lost so much on Luna and this makes me puke...

It was very good at first, but after a few hours of being listed on the market it went down drastically again. It seems that it is not easy to regain the trust of LUNA investors who have been traumatized by the damage to the old version of LUNA. But the Terra LUNA team has so far taken good steps to regain the trust of their investors. I think only time will tell whether LUNA is successful in its new version or not.

The position of investors towards Luna is at the bottom. Luna 2.0 has been launched at around $17 and after the price has gone up again it is $4 and $5. I think it's just an attempt to avoid liability. The Luna authority has created such a big scam and is now creating another currency in name only to show people. Investors also do not want to move towards Luna trap once again.

Yes I agree with your thoughts, it's all their progesm to attract investors' attention to return to their lap.
However, all of that will no longer be possible because investors also don't want to go into Mulud Harimoe anymore which is very dangerous for all of them.
So it's useless for them to create new coins at high prices because only new people they can rely on but no longer with old investors.

yes, this might be good news for most people, but the question here is whether the appearance of Terra Luna in version 2.0 will make people interested in Terra Luna again, and whether this will be a recovery for Terra Luna for what happened. in Version 1.0 or earlier Version, I'm not sure about this, maybe investors will be a little doubtful about this. we can't seem to conclude this is good or will get worse.

I'm not sure what percentage of LUNA 2.0 get the trust of investors, after all that happened to Luna, doubts must be haunting them at this time.

I also saw Binance say, no rush to include LUNA 2.0 in this second mission, they really need some time to review, This is a sign that even though LUNA 2.0 has been officially launched, it doesn't mean it's not risky, it definitely has to be overhauled.

When investor confidence has faded in one project, it will usually be very difficult for the project to return to a better value, as well as for the current Luna project after the old Luna coin experienced a 99.9% price fall, so I think some of their investors will not interested again to invest with coin Luna V2 which was just launched because they don't want to repeat the same mistake with the same project.

Not really a good news, just another coin that has to be dumped by everyone who's stuck with this fiasco of Luna. We will just see a whole bunch of dumping for this new token.
And there's nothing new to the fate of it just as the classic one. As the volume remains the same or probably goes up as the scalpers will ride on this one.
But those investors that are putting much their hope that this is going to be the savior of their losses, please do not expect a lot.

Nope and their solution is to just create a new blockchain :D.

New chain is their solution to the problem that the Old Luna faced.
Like nothing happened right? They still have the balls to create a new blockchain after scamming investors over 45 Billion :D. Ohhh well, they have a large community called "Lunatics" which will help them that is why they still have the courage to create new blockchain.

A quick google search on lunatic and it says "a mentally ill person". Well, it looks like it fits well with the community since the investors who are still supporting this project are mentally ill or in short "blind on what's happening".

You should not to.
Or you can if you are just finding for short profits. Just don't hold the coin for long run. As for me, f*ck Do Kwon. I will not give my hard-earned money to him. I will not be surprised if this project will fail again after what happened with the old Terra Luna.

Very happy to hear this news because the LUNA we heard about has been destroyed, rugpull and scam is now back on the market with its latest version which is much better than before. Although LUNA has launched its v2 I think it's not enough to make investors believe in investing again after what happened, I hope that LUNA in the future will become a LUNA that everyone can trust like before and learn from previous mistakes.

Currently luna is being developed to 2.0, some investors are not able to recover the losses on the initial investment, even this project has lost confidence in the market for everyone involved in the investment, for the future they have to work hard to restore people's trust and I think this is very difficult done, because many investors had big losses in the past, but everything can change, if Luna 2.0 can have a better impact than before

You've said it yourself. There are a lot of other coins that are often a better investment than LUNA 2.0 because of their proven track record of development and innovation. Not only that, but some cryptocurrencies are even more decentralized than Terra itself. I'd just focus on alternatives such as Ethereum, Cardano, and Polygon (MATIC) because of the reasons mentioned before. They're rock-solid networks that are well-trusted by the community for years.

With how badly Terra's reputation has been damaged, I don't think the newly-launched chain will become a success anytime soon. Do Kwon and his team should either do a re-branding or burn the old token (Terra Classic) if they want to restore investors' confidence. Otherwise, the project will be doomed. At least, there are plenty of options to choose from. As long as decentralization prevails, nothing else matters. Just my thoughts ;D

Logic dictates that if you are a victim of the first scam, then obviously, you don't want to be a victim again. I'm not a victim but I will not invest. It's hard to restore the trust and reputation here in crypto. Once it's damage or tainted, you are done.

So Luna 2.0 might be just another pump and dump projects moving forward. And those scrupulous individuals will also find a way to make money out of those unsuspecting victims who think that the second version is good to go.

Ust peg to luna caused crash, hence there is no such thing alongside luna 2.0.

It is true that listing price of any token doesn't matter for a week or more becuase there is buying or selling pressure in the begining depending of market situation at the times of listing but when price is stablized and you can clearly see accumulation zone on chart, that is the right time to take entry in the market for making good gains in future. I have been watching price action of Luna since it was listed few days back and I think we should take entry in new LUNA between 6-8 dollars. DYOR

Yeah and its going to be trading at 0 too, soon, I bet.

I have lost all tiny and possible trust in the LUNA project, its creators, advisors, financiers and fans.

After such a huge mishap, why would anyone in their right minds decide to invest in the same burning dumpster fire again? Its really not worth it. Save your money and invest into something more worthwhile.

Personally, LUNA is no go land for me.

Don't throw good money after bad. Nobody trust Do Kwon or Luna. It's likely project v2 will not make it. I sold my airdrop and I'm investing in projects with real world utility and trustworthy doxxed teams, like IOTA, ICP, and Polygon.

Well, ICP took a huge dump from its ATH from $360.

It's better to stay away from that, IMO. I don't think they would be able to recover from such a loss that they have, and many people have been able to get the airdrop and then sell everything, probably. I have seen with my ticker updater that it has become -99% for a time.

While there are many good technologies and people in crypto, It’s becoming abundantly clear that within the “crypto sphere” there are some exceedingly crooked people, Terra Luna and Luna 2.0 are perfect examples. I've lost a lot of money there.

I know that LUNA 2.0 is live but what will happen in LUNA previous coin. LUNA 2.0 is currently priced at $6.67 and today it is -27% down. Investors have lost faith in LUNA coin. Will those who bought LUNA previous coin in the hope of profit but are now at huge loss be refunded?

Ever since Luna 2.0 hit the market, I can see that it has only started to decline.Many hoped that the market would recover after Luna 2.0 went live. But we saw the oppositeLuna 2.0 has come down a lot since it came on the market.Now people have completely lost faith in these Luna coins. Even those who might have expected it have lost faith in the current state of the market.

Dam Luna got some guts for sure. They are not doing well with the first project and here they come up with idea of LUNA 2.0, I mean how they believe in them so much that people are going to invest into that name? Does anyone really has a good idea what’s going on with their devs. I would choose from other hundred which are trading in top volumes on CMC in the current bearish trend. Definitely they have lost most of the investors in first version. People have lost huge amount of money, those would be in the haters community for sure.

considering that LUNA has caused millions of loss towards all the people that was holding their luna classic before, i'm sure most of them are just gonna cash out their vested new luna distribution, they just wanna invest in something else and get the tiny fraction that they could save from this new luna distribution.
even the market aren't really enthusiastic against new luna, maybe because as you said it has lost the trust of their veteran holders, maybe in the future its just gonna be another same luna classic crash all over again.

Does anyone trade on the Binance exchange? It says here (https://cryptogeek.info/en/blog/new-luna-listing) that this exchange supported Luna2 trading. But my friend said the opposite, that this coin is not on the exchange.

I do trade on binance. You shall ask your friend again whether he has been checking binance again. I can see that the new luna already traded on binance. Here's one of new luna pair https://www.binance.com/en/trade/LUNA_BUSD

I guess that there might be something wrong with your friend. You shall need to ask him again whether his problem already solved or not.
I can see luna actively traded on binance with huge volume.

I have to say, the price could be looking "not terrible" as of yet, and it dropped off with a big steep when it first started, but looking a bit more calm these days but that is mainly because the money is not at the hands of the market all the way fully yet.

I promise you that when time passes, Luna will be doing a lot worse, and buying Luna 2 right now means you would be making a big mistake. It is your own money, do whatever you want with it and nobody can stop you, if you believe that this would be a good idea for you then go ahead and do that. But, I would highly suggest people to not make the same mistakes twice and just be smarter about the situation this time around.

Currently following the coin market I found that Luna is in the 7$ range.At first it was in the group of 17$ and then it went up and down again. Many thought Luna might go upstairs and people would be able to recover.But that is never possible. It seems to me that recovery from Luna is never possible.

Exactly they have huge community members, and actually, they still have many investors. And the community and investors still also want to gain a return on their investments, although they have lost much, they still want their money back. So, what else to do? It is a good idea by building their reputation back again and make the new Luna to be accepted in the community at first, spreading hype again, and while progressing their project with good development. I can not ignore that the development and idea of Luna are actually interesting and convincing, however, I am also not sure again whether the coin will survive long term or not, because the previous crash problems will happen again or not.

I've never bought LUNA in an old or new coin version, but I can feel the sadness of the big investors being crushed by Luna. Personally, deep disappointment is very difficult to heal. disappointment will haunt and mentally damaged, they will be enough not to take another step and do not want to know information about LUNA again investors

Yeah, but it will take some time before they can get back their reputation because it has been damage and have even been exposed before as part of a big project that also fell in the past.

So how can they repair that kind of damage? And even if they have huge community, some of them are reluctant and we don't know maybe goes after them in a court of law and sue them?

And with that, I'm not convince that they can enjoy the support in an instant and it could be a different road for them specially that we are in a bear market already, bad timing.

I might just buy Luna for scalping and have made $200 profit before the release of the Luna 2.0 coin, but I have to rush to take profit because the pattern of movement is changing fast. But I also regret the investors who bought Luna at $90, they must have lost high funds.

Like me, never been involved in luna investing before, so to make the latest developments and then trust them even more absurd, it's almost hard to recover the bad reputation for some of the less powerful coins, as they are more likely to be pumped and dumped after the target achieved.

Instead of entering into this risk, it is better to choose another altcoin that has clearer movements and is able to strengthen when the market returns to normal.

Good for you mate, and that's how we play the game, we can scalp and make money that easy, but you really have to be very fast to be able to profit like you did.

But I will have to speculate that majority of us lost the trust already and doesn't want to take that risk to invest again because of what happen. And looking at the price right now, yeah, no more push from investors. And the investigations are still on-going by the South Korean government and I doubt that Do Kwon can recover the reputation he has lost for this project.