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I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

It is not realistic at the current condition of the team.  You see there are some legal issue filed against the team behind Terra Luna Classic, so this pump is a possible way of some whales to squeeze more money on the market, dumping their holdings once the price meet their target selling price.  If you want to take profit, you can join the market before people decides to dump their holdings.

Consider taking some profit on the way up, and hold some for further speculation.

I really don't see LUNC going anywhere near $0.01, certainly not $0.10. That would be a huge market cap, though one can hope.

As has been suggested already, this is most likely squeeze by whales based on the recent improvements to the network. At least you got in relatively low, so your risk should be largely mitigated, especially if you take some profit.

This kind of growth is going to be impossible to sustain, I'm happy that your gamble is paying off but that is all what you should think about it, it was a gamble and you were able to win it, you should not get so greedy to think that Luna classic is going to reach those kind of prices, be happy with the profits that you got and move on, now you ask why is this happening? But most likely there is not a specific reason for this, and this is simply the result of speculators pumping the price.

I personally will not touch any project by terra again, I won't take any risk on my money. There is always possibility that if any terra coin project is pumping it might be another price manipulation, so my advice if you insist to put your money on Luna Classic you should be ready to lose your money.

If you really dont want they why not remove only the capital you invested instead. In that way, you are not in loss or any potential loses in thr future since you out your money. That way, you could see if your decision is right after some time. Its always best to stay safe on cryptomarket. This is highly volatile especially lunc is a product of a failed platform.

I do not believe it will reach 0.01 but crypto is very unpredictable and you could say no one expected it to crash from over $100 to these low prices but it did.

I am going to wait till 0.0005 I think and cash out half my investment then and let the rest ride.

They are saying this is a big week for Terra Luna Classic so will be interesting to see what happens.

I also noticed recently that LUNC is in the focus of a lot of traders at the moment. I recently tried out the Kucoin trading bots for the first time and there i noticed that Luna Classic/USDT trading pair has the biggest volume of all trading pairs on Kucoin which is pretty crazy to me as the project is pretty dead in my opinion. A reason for this high trading volume is also that most trading bot users are running it on the LUNC/USDT pair now because of the high volume and the high volatility which is great for trading bots.

I would be very careful though with investing into Luna classic. With the current we are already at a marketcap of more than 2 Billion $ so prices like 0,01$ or even 0,1$ are completely unrealistic if you ask me. I expect a dump pretty soon.

It could be another bull trap again and when you see some people investing while the issue is still there, they are not really investing rather they are playing a gamble game with Luna and these guys know exactly what they're doing and know when to pull out their investment. As for the common folks or those who don't have any idea and they just riding the trend, they better watch out and be careful because they cannot pull out their capital back once massive dumping occurs again.

Those prices that you're asking are unlikely to happen. It has a trillion supply and by which it's gonna happen, it means that we're in a bull run and the market cap for it has increased a lot.

How long its pump will last?

We don't know.

Usually with these pumps, they're not going to last and it's better for you to take profit if you can. But if you just want to watch it move up and down, that's fine because you seem to have a high standard before you sell.

It is falling at the moment so may be a few days till it pumps again.

I think 0.0005 is a good target to take out half my investment and then let the rest ride.

I only put £300 in so by taking out half of it then I am basically left with a £150 gamble, it either goes to zero or I will hold till 0.005 and see decent returns.

They are saying this is a big week for Terra Luna Classic so will be interesting to see what happens.
Then again, that has been claimed before...

There’s a lot of hype going on in my social media account, almost of my friend are talking about this and honestly that’s very attractive. Many able to get some profit from here and that’s good for them, but I actually this just a hype because the update is not there yet and there’s no assurance that they can maintain that level. Well, it’s ok to short but make sure you do know when to exit.

Don't expect more, I also have Lunac but to be honest I've converted to ETH now. Don't let greed rule you if you get x 4 in the bear market this is already a great achievement. Don't let the circulating fomo affect you, maybe soon Lunac will experience a decline.

Many investors got tempted to buy Tera Luna at its cheapest price. They are hoping for something big in return, in fact, many had made it and got some money before they've got into trouble.
I can't say it was realistic but the pump can be possibly a trap. If I were you, I don't wait for the price to be that high, if you already have in profit at its current price, sell them. Honestly, after the issue have raised and heard a lot of complaints against this project, it was hard to put back my trust to them.

1. Obvious pump and dump scheme by some groups.
2. Maybe the people behind the project is pumping it.
3. There is hype surrounding Terra Luna classic.


Just remember that we are still in the bear market, so it make take months or even years to see that price.


Just be careful though, sometimes the dump will happen when you sleeps so chances are you are going to miss the profits. So if you have made profits already, there's no need to be greedy, just saying, as you might learn a very expensive lessons here in crypto specially that you are new.

The problem I have is not knowing for sure which way this is going to go.

I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.

I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.

you answered your own question in the title. if it is "pumping" that means it is not possible to predict how much or how long it is going to "pump" because by nature it is a fake rise that only depends on luck and how much money the pumpers behind it have in their pockets and are willing to waste on the shitcoin.

generally the safest thing to do is to jump off the pumping train as soon as it starts slowing down.

Perhaps, the reason why this is risky it is because we never know where it goes, up or down.
I know that amount is just small and you can afford to lose it but the feeling of missing the chance to earn a small profit from a sudden and unexpected spike was even more regretting.

Anyways, you have the right to make a decision. At least you are already aware of the situation.

Terra Luna Classic was previously in trouble. I'm afraid this is just part of the whale's strategy to take more money from new people who see the coin with a pretty deep drop. its value is cheap and it would be very easy to say a potential coin at a low price that would make the pump bigger.
yes, we are now looking at the pump, but I doubt this project will get consistent support. their market could have crashed as their developers did.

At least you have to take profit now before the price falls and regret it, we don't know the future predictions, it's clear this token has become trash due to a 99% decline, so we have to think this token might not last long in this pump so you have to secure it some assets as his capital but that's my advice take all the profits right now.

I know many people have experienced success against classic luna token holders but it all doesn't have to depend on the high end for me it's very unrealistic unless you are a fanatic who believes in these tokens.

Despite that it’s the most recently shared in my Facebook feed like there’s a girl waiting for LUNC to hit her selling target to pay for her debts, I wouldn’t bother buying some. Ain’t a fan of it anyway.

Ever since LUNA went down due to the depegging of its UST stablecoin, the reputation of their CEO and the entire project is going downhill and is continuing to do so due to the ongoing allegations against them. I don’t think the pumping would last to be honest. It has no clear direction and the future is uncertain.

Lunc gets pumped due to the some rumours about the burn has been decreasing the circulating supply in the market but i see that the circulating supply was also decreasing but im not sure how accurate the data that show by CMC. We do know that CMC has a very bad reputation when it comes to the data listing caused by so many times the data that already listed by CMC didn't seem to be accurate. The pump is going on but it seems like that chart was showing a correction will come very soon,.

I don't think anything can sustain it's run, not even bitcoin or ethereum in the past have runs that will go on for months unless we are in a bull market.

So don't expect that this will continue, just take the profit. It's a big gamble since we all know what the project has been went through and it's not very good. For sure this is the works of some manipulators and speculators injecting huge money to attract newbies like you to join and then they will suddenly dump it in your face.

Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time

This is why I feel not to take any profit just yet. I feel the potential rewards outweighs the risk currently, especially as I do not have much invested.

I will stick with my plan and cash out half my investment at 0.0005 and see what happens from there.

Yeah, they better don't expect for more as that will only gave them a disappointment at the end and not the profits that they always wanted. If they want a sure profit then they better invest on a coin which has a sure future as well and not on these scam/risky tokens. Only the developers of these coins are only going to get rich if people keeps on feeding them. What you did there by the way is a good thing.

You didn't wait any little longer because you know that more dumps are going to come later on. This is a great example that lunc hodlers must follow. It's better to sell at a loss (right now) than incur more losses in the future. They have been warned.

It could be a pump-and-dump strategy. If you are doubting then you might want to cut out the ROI first. Use the profits for further monitoring of what could happen next. IMO, that would be the safest decision that I'd be willing to make if I am expecting more or just don't want to regret it if ever another pump comes.
There's no reason behind it but just because of its cheap price that is appealing to buyers. It's not far from what is happening with Shiba's market but I am not saying they are the same in terms of projects.

Once a coin becomes an eScamp project, it cannot be raised later. But many are saying that Tera Luna will lift her head and pump I never believe that a coin is completely dumped and will never go up again.The project team could certainly have recovered if the dumping had started I would say this is the state of the platform today only for the team. The Terra Luna project team should have thought of retaining it earlier.But I see no possibility of Terra Luna's recovery. And there will be no recovery

It's very interesting to see luna classic price is Pumping sharply. Ustc is also pumping instead of Binance anouncemnt of delisting. I think it will not remain for long time and it's price will go down to bear mode again. It gives best profit to investors in This 5 days. It's not like that it will again pump high.

Reaching $.01 for LUNC realistically won't happen. There are many standing cases against the projects team and I'm pretty sure the market trust they lost won't comeback anytime soon. Even if we consider the next bull run that will happen 3-4 years from now, It think it will be hard knowing that there are a very big chance that the project won't survive and possibly abandoned before the bull run come. This pumping is just for whales or traders to take profit and try to reach their break even point.

Actually Terra Classic didn't develop at all, in fact it got worse if we looked at Terra's basic history. Because the ATH for the Terra Classic is $119, and the current price is $0.0004778. Isn't that something bad? And now they are releasing the Terra V2 with ATH reaching $19, and the current price is $1.9. Means they lose the price reaches 100%.

Honestly i really wouldnt trust LUNC its marketcap is currently too low and the price is easily manipulated by whales and this bear market isnt bringing any good, we might even see another -99% on LUNC. it wont be something new.

Good thing you have access to the information about LUNC directly and have been following it up yourself, and have not acted like some that will want to depend on the information from others, which can be slow. You should continue hodling and follow closely with the news so you also know when to exit, chances are as more investors get the information about the scheduled burn they will be drawn to invest in it and still drive the price upwards.

Luna price currently increasing rapidly. Where investors have no reliance. The Lunc token has been increasing for a few days only to be reduced by the Luna burn mechanism. With this news, the price of Luna increased significantly,still growing. But at any moment a major obstacle may come. Since the price of Luna has been increasing for several days. However, the coin may turn into 1 cent due to its hype.

Absolutely wont last. Good thing they found a burning mechanism but still it won't be sustained. It might get into a cent but that's still hard considering how huge the supply is and the number of supply that needs to be burnt.
Another things is that, people already have trust issues with this project. Only those who have profited might gonna stay, but for those who have lost a huge chunk of capital, they'll probably not going to risk it again.

You did the right thing. Luna has now become a gamble, not an investment, so get out as soon as you can when you get profitable. People who lose money with old luna also come from greed and we should take that as a lesson to not make the same mistake again.

@OP, this is your first profit in the market, I think you should take partial profits, greed is not good when investing with Lunac its a gamble only pump and dump. Since we are in a bear market, it is very difficult to get profit, I hope you will learn to cherish the profit you get.

What led to this big pump in the price of the Lunc coin is the burning that took place after updating the coin, which led to a decrease in the quantity supplied of the coin, and within a few days the price of the Luna pumped by more than 120 percent, and this indicates the interest of investors in the Lunc coin, and I see that there is a great opportunity to make a profit from holding this coin in the long term, after staking the Lunc coin and after burning more of the total supply of the coin, but my advice is that investing this coin involves risks, so I advise you not to put a large capital in it.

Hi all,

Those saying it will only possibly reach a cent , that would still be a 100x for me and that would be more than enough. Currently trying to break through resistance at $0.0005 but think it will in a matter of days.

Having only put £300 into this there is no stress and it is actually nice to have something to follow everyday as last few months the markets have been pretty boring.

We really don't have high hopes for LUNC, if the price suddenly rises, it's probably a manipulation by the whales. So if we have LUNC and already
profit, immediately take profit and don't hold LUNC for too long, because the probability of LUNC falling very low is very large. I myself no longer
believe in terra team, after what happened to LUNA a few months ago, it is possible that the same thing will happen to LUNC. So I recommend
not investing in LUNC, if we want to try investing in LUNC, it's better for the short term. Don't let greed overwhelm us, eventually making us
take wrong decisions. Especially in a bear market situation where investing in LUNC is very risky, I suggest investing in projects that are safer.
Like Bitcoin, ETH and BNB are much better choices for investment during bear markets like today.

Yea the market is still boring to me and I hope the market will be more positive with time. For you taking the risk on investing on it is pretty good which is the reason why we have to invest what we know we can afford to lose with having to think about twice if the market ever go contrary to our target. You can hold as long as you Which but just keep your eyes on the market so you will not miss out on any vital move or information that can change the direction of the market.
Hold as long as you can but have it in mind that the market never keep moving in one direction. The bear is certain so you can take some profits and leave the rest to get your targeted price. Everyone is watching to take profits just like you are waiting for the price to get to a particular price.

Perhaps, you've got it right. You've got in perfect timing as Terra Luna is in moving up but to think about how long this surge will go, is something we don't know and you'd better take the opportunity to sell them rather than wait for x100 as your goal. Because it was not identical to the situation and it was not what we really see in this bear situation. Be aware of how the hype will end, it was just like a trap that causes major losses to those who wanted more.

Burning is what led to Lunac's recent pump, but that doesn't mean it will attract investors back. Maybe the people who are investing in Lunac are just speculating on it and they will dump when they make a profit. With a drop of several thousand times before and only a 120% increase, there is no saying that the terra team is working hard to bring the project back, which sounds like a short-term hype.

Investing in Lunac can be said to be as risky as a meme, so you should consider before investing. A project that once collapsed, leaving thousands of people in dire straits. There is no reason to trust them again.

Have just woke up to a price of $0.00054 which put me at 6X so have decided to sell 10%.

I don’t want to cash out too much but at the same time this is my first time being up 6X in crypto since I started in February so wanted to take some profit.

My next sell target is $0.0008 when I will sell another 10%.

https://www.kucoin.com/news/en-kucoin-will-support-the-tax-burn-proposal-of-the-terra-classic-lunc-community-20220907
KuCoin Will Support the 1.2% Tax Burn Proposal of the Terra Classic (LUNC) Community

If other major exchanges join the burning, then the price of the coin will rise. But the ecosystem is still dead. It's a shame to lose money on the same shit 2 times.

That's pure gambling with it. 1.2% tax was nothing. it needs so many years to make the lunc going back to the before the incident was happening. People are still gambling on this shit. I didn't even know why they do believe if lunc can go back again to the at least $1. This pump and dump coin was a way to make money instantly but also losing money instantly from the dump that can occur anytime.

Terra's classic price is not to be trusted with its high rise in price. Its increase in price looks fascinating but it shouldn't be trusted because investors will dump it when they recover their losses. Bitcoin is pumping with about a 1.90% increase in price while Terra classic(Luna) is pumping with a 50% increase at the moment.

Apply your intelligence, don't wait till the price gets to 0.10 because it's impossible to happen

Well, it is for sure that when a coin rises, there will be the expected dump of it. Those that have it at a low price and they're holding millions of it, they're more than 5x in profit already. It's for them to decide whether they'll be greedier this time or will be satisfied with the current gains that they have. But if I were them, they should take profits and at least recover if they're one of those people that have lost a lot from the original losses they've made from the first coin of it before the fork.

Well much its a very common thing when it comes this market, where in there's a pump and dump so its not surprising why luna making such performance because indeed last time it really fell like a rock..Maybe some traders or the owners is making way to make it survive reason it showing pumps but it still not a big reason to trust IMO.  imagine how many investors declined luna. Just saying.  ;)

The first thing I would like to say is congratulations on making a profit in this market. With the initial capital you invested, your profit was six times what you invested, which is a very significant amount of money. You better cash out 50% of your profit and if you still want to take the risk then go ahead and set your next target with the rest. It is important to keep in mind that this market cannot be too greedy, otherwise it will cause you harm.

Those who invested in Luna project after the crash they have made lot of profit. It is worth taking profit in bearish market. The price of Luna Classic is increasing exponentially almost several days. The condition of current situation does not seem to be normal. It can fall again at any time. But some experts thought maybe the team tries to do something. Those who are able to afford the risk can continue.

Obviously the team is working hard to make this project good again, I’m against this before especially when they do create another token instead of solving the problem first but it looks like it’s working for them and most probably once they succeed to burn most of the supply, we might see a more expensive LUNC in the future. Yes, those who can afford to take the risk can join the trend, many made their profit already so I hope those who lose the money can have a chance now to take it back.

It is still pumping and I have set $0.0008 as my next target to take out more profit.

Having only put in £300 to begin with this is a risk I can afford to take , it has a feeling that potential reward far outweighs the risk.

But even though it still pumping still you need to consider that the hype might be over and you get caught by false hope so better monitor always what's happening then don't hesitate to sell or take profit once you are seeing a continuous decline on Terra Luna Classic. It wreck to many holders before so don't add to those people who lose their money from it.

Still afraid and most hype with LUNC pump today although have raise more than 50% I am still frustrated what happen with their fist Terra Luna network like old Luna coin and UST price drastically drop. I think LUNC pump drastically last several days after burning moment and have good news update by Binance. I am still not checking what good news publish by Binance exchange about LUNC coin and success reach higher price above $0.00059300 today from lowest price under $0.00041300. Actually with LUNC coin still have hype moment with volume transaction drastically up and I don't really recommended as worth investment with LUNC coin after what happening with their old Luna coin version.

No, it will never gonna last, someone manipulates the pump, and we call it a bubble, some whale want to get the new investors' money, and they are using this fake pump to attract newcomers, if you know how to read the pattern and the graph, all of the coins that have an organic market movement will surely respect the support and resistance baseline, and how could be this coin is bypassing that protocol? that way you exit yourself in big trouble of losing your money by buying this fake pump.

You abandoned your previous plan.
You said to sell half, which means 50% of your LUNC asset. But you only sell 10% of your asset now.
If I were you, I will stick to my previous plan and not become greedy.

---

How if the price never reaches $0.0008?
Don't you regret it if it even drops again below $0.0002?
LUNC price cannot be predicted. There are no strong fundamentals supporting the current pump. It is very possible if it is a whales' trap. So, be careful to set a plan.

It is still in trouble.  The developers are still hiding from the authority, its personnel are still barred from going out of South Korea, and there is actually no reason for the price to surge unless it is the typical pump and dump scheme.  Though they are burning the some of the supply of LUNC, I do not think that it will reflect this early.  The previous crash is abnormal and this recent surge is way more abnormal.  Be wary of the possible dump in the future.

Terra Luna It has actually reduced people to beggarly ways.I myself was an investor in it. I invested by buying Terra Luna at the highest price. I bought Terra Luna when it was $97.But this project made me very destitute.No matter what people say I say never pump this coin. Actually it was scam scheme.Since you bought it at a very low price, you have a lot of profit. But you can sell the profit you still have.I don't see any possibility of pumping this coin.

I'm sorry to hear that you invested in this coin when the price was completely out of control, however you are completely right, if someone was able to buy at an incredibly low price once the developers showed their true face then they can speculate with the price if they want, but most people should stay away from Luna because if they don't then it is likely that something similar to what happened to you will happen to them, and I don't think that is something they want for themselves.

I would agree that if you are in profit then you should take out your profit and invest into something else. I never trusted this ever since it was created, they somehow managed to get the trust of some people somehow, but it is obvious that if they have waited years before such a horrible mistake happened, they could do the same and you would never know when it will happen and how it will happen again even if it will ever happen again.

This is why the best thing to do right now would be getting out, invest into something much more safe, this way you would be able to make a profit from another thing without the fear of losing all of your money all over again.

The last few days Terra exploded, the transaction volume was more than $ 3.8 billion and made the luncak position ranked 25th, even yesterday was ranked 22, this was a positive and optimistic sign that we could party again with Luna.

The level of risk that Terra Luna Classic will pose may be a problem, you can see how bad they have been in the past, maybe some whales start to manipulate so that the pumping occurs. But something to be afraid of, when they have hit the sales target, then they will throw away the ownership and that's when the next mess happens, I think it's not good, when it starts to trust them again, but the market reaction is still showing a relatively side

Sure as you say. there's no return here, they're just trying to pump to create a trap to make people believe that Luna is back and will dump when people buy in. People too quickly forget what happened to the old luna, which dropped tens of thousands of times and caused thousands of investors to lose money and now they're back at it again.

The coins that increase a few tens of% or 200% we also have a lot in the market, why can we believe that there are coins that have decreased thousands of times but only increased by a few tens of%? People still prefer gambling to investing.

Everyone already knows about the track from LUNA but when looking at the pump the last few days it seems to silence the haters, many think this is a trap, but I hope and can sell when LUNA is worth at least 1 cent.

I think it will be good for us if we can stay away from Luna token. I lost a lot of money behind Luna token.  I don't know maybe there are many people like me who lost their money like me.  I want to stay away from Luna Toke.  Now I don't know the exact price of this token.  I don't want to know. I think it would be better for me to stay as far away from Luna as possible.

They are making their own pump by buying their own coin in order to increase demand traffic and price increase. They are actually tricking us in this way and making us think they are alive but behind these things, that can be disastrous.
I see your love for Luna and probably in hyped projects but you have to be careful mate as it was too risky and losses can be really possible once you miss them. If I were you, I have to play safe and invest those trusted and reliable project that are certainly have a better future and of course, that it will last longer. 

I want to believe you already know the history of terra luna classic, and what happened that made its price dip the way it did, however, I would normally suggest that investors researched the projects they intend to invest in however I believe a lot of investors had their money in the project before it crashed and I don't think they want to let it go just yet so with all that kind of support, we might continue to see Terra classic rise every now and then but predicting how long and to what price it will get to is a different thing. As you have mentioned, don't hesitate to take profit or Initial investment to avoid loss altogether.

Are you talking about terra 1.0 or terra 2.0?
Check out Do Kwon's latest interview.
https://www.youtube.com/watch?v=YF_MZvD5ao4&t=0s
He talks about the new tera 2.0 project and that his team will be working on it, but what terra 1.0 is is still unclear.

Pumps and dumps are possible, but there are no serious projects left in the terra 1.0 ecosystem.

That's the reason its hard to believe that this pump will be consistent since they already created the terra 2.0 and dev clearly put some good insights about this. But now the classic one is pumping and I'm doubting to buy because what always bothering on my mind that those incident of sudden huge dump may happen and I may get caught again for second time around.

This ecosystem will be dead without a functioning stablecoin. And practice has shown that it is very difficult to make a decentralized stablecoin, and the use of centralized stablecoins entails the risks of blocking these coins. First you need to burn billions of unnecessary coins and attract developers, and this is a long process.

Social brings a huge market influence and could able pump useless/scam projects in no time. I may not say Luna is totally a scam project but having its questionable performance, it still looks the same. I was certainly in surprise seeing this pump but never I believe this will stay long but to expect a sudden dump making new investors lose their money.
We have to be careful in this scheme as something might waiting for us and felt regret in the end.

It's so right when you start to realize that you don't want to take part in Luna tokens anymore, because you already know the impact of the investment made by Luna, especially if you've ever tried to start with it.
In the market there are still quite a lot of other coins that can be used, which maybe can provide maximum profit for us, but it takes a process to run a good strategy on the investment journey

I am pretty sure it is fake and not real. People do not realize how big 3.8 billion is and they are acting as if this is just a good day for luna, the reality is that in a normal situation that would be record shattering levels of volume, but nobody believes that it is real. You could continue to trust that it is the real thing but in reality we all know that it is not going to be the real thing.

This is why it is much better if we could just end up with something much better such as bitcoin, that is a real volume and it actually does bring in some profit to people if you hold it long enough, the potential is unlimited and it will stay that way for a long time.

for Luna classic (LUNC) it looks like the pump this time is not a pump by chance. but there is indeed good news in the LUNC community. because as we know that the LUNC coin has been held by the community. so it depends on the community itself. but so far the event burn tax has been approved by many exchanges. if you want to know more you can read the news on CMC. for 0.1 I guess it will take years. because seeing the supply in circulation is so large that it is impossible to implement in the near future.

It is considered that the burning is still going on, but the hardest thing is how they can entice developers back into the ecosystem. In this world, anything can be regained but once trust is lost it can never be regained and an ecosystem will never be able to develop without developers.
Personally, I don't believe luna can recover, these rallies are just hyped by sharks to create traps to take profits. Hope everyone does not get too absorbed in this small rally because when it is sublimating, everyone forgets to take precautions, the possibility of a sudden dumping makes people unable to react.

Well, I hope it has given a chance, and also the Luna community will still be able to trust them otherwise, we expect nothing from this pump but a chance to scam investors. Even though the project will remain supported by the investors, still I have doubts that it will even rally more and yes, that seems impossible to reach that price knowing its total market cap... We only just hope but, of course, we don't expect more from this project.

What a combination of terra developers they have done all the coins are rising simultaneously. Perhaps they are trying to drastically raise the prices of almost all of their coins. Meanwhile, Luna Classic is in a big uptrend even though it is trying to correct a lot. Terra Luna is suddenly trading above $6 from $1.90 few days ago. The USTC is no less in some respects. Each coins pumped as high, ignoring the bear market from their positions. Now it remains to be seen how reliable this pumping event can be.

Luna team has abandoned it they are working on their new project ( luna 2) and trying to grow its ecosystem. While the old project is being run by the community and they have recently passed a proposal that aims to charge tax on every on-chain activity. The tokens obtained from this tax will be burnt so that the supply can be reduced.

Hi all,

I have my Terra Luna classic on Binance but have watched a few videos today advising those who have it on Binance should move it onto another exchange as Binance are not agreeing to the 1.2% tax burn like the others are.

I personally think Binance is one of the best exchanges so would rather keep it on there, is there anything wrong with me holding it on Binance?

Might be obvious to some but I don’t understand what is going on to be honest with it all, I am just holding until it reaches a value I am happy with then I will sell.

I'm not sure it came from new investors' confidence to buy the classic Luna until the price went up today, because I know maybe a lot of people lost a lot of money on the LUNA price that fell a few months ago and it brought down a lot of people, so if I were you maybe I'm not going to enter the crypto market which is currently not fully recovered, so it's just a matter of time and not sure it will hit $0.01 or $0.1 because of course before it hits the old holders will sell it first to get the profit, so consider all inputs from all the communities on this forum so you don't lose money

Investors are currently watching Luna. Since this is a scam project, many people stay away from it. However, what is working behind the current price increase of Luna is their burning mechanism. The developers of Luna Project propose that they will burn at 1.2 percent per transaction. So far this proposal has been approved by various exchanges such as Binance and others. That is why the price is increasing.

Yes, of course we want to party again with Luna, but we are afraid of being cooped up inside while the party is over. You have to understand that so you don't get stuck with a fake party. Don't take the risk, there are lots of good coins out there to invest in.

I think you may be making a bad reading about what's happening with Luna, no one is really trusting in Luna once again, the ones that are at the time investing in the coin are speculators and nothing more, as soon as there is any indication that the movement that we are witnessing is about to lose any strength they are going to abandon the ship as fast as they got in, and when that happens I expect that we are going to see another crash for Luna.

nowadays this altcoin has become a coin meme and I don't think there is any reason for long term investment. the price of LUNC is currently in the range of 0.0004 and to reach the price of 0.1 is not an easy matter after what happened to this altcoin before.
my advice if you have made a big enough profit you should sell it and determine the best point to buy again. Currently the price of LUNC is dropping quite dramatically when the price of bitcoin and other major altcoins is rising, and it is likely that the price of LUNC will continue to fall in the next few days.

lately LUNA classic is on the rise again, it seems that there is good potential for those who have invested here, they benefit from very cheap purchases. Lately, I often find talks about LUNA until some of them say LUNA is really recovering and they have started investing here. even the media say. source: https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/

Always interesting to follow the development of Luna, 3 coins namely Luna Classic, Luna and Stable Coins have been ranked and even Luncas now ranked 26th, 3 coins pump to billions of dollars, and will be a bet if it doesn't work, I'm sure there will be the next pump, So buy now.

I'm happy what the team did to continue to pump Luna classic, I'm sure this is the beginning of the next pump, there will be the next pump to make Luna enter the top 10 ranking, based on data they have a large bitcoin stock so it will be easy to make Luna survive and skyrocketed again.

Team is most responsible for setting Luna on the path to destruction. They could have saved their platform from destruction if they had wished.But they are trying now instead of trying then. Not sure how long they will be pumping. At any time Luna market can be dumping.Those who have enough profit can consider holding more.

Yes, I think that's why there are many investors who are traumatized by the previous incident where many people lost a lot of money on the LUNA project, I think people will be very careful when they enter here, it's just a whale game inside.

You may believe that it is recovering and the price is looking like it is doing fine, but first of all it is nowhere near its old levels so it is not even a recovery just yet, it is recovering from the lowest points and that is a good thing but that doesn't mean that we are going to end up seeing a lot of highs from luna classic neither.

However, assuming that we would end up with a good recovery here even to a point where it becomes a top 10 coin one day, that doesn't mean that we can still trust it. Remember this was a multi-billion dollar market cap coin and in the end it dropped to a point of cents and that means we could end up wit the same thing again so I do not think that we should trust it right now.

The most realistic question for now is how long will Terra Luna Classic last on the market? If you find this answer, of course you will find the answer how long the price of Terra Luna Classic reaches $0.1 or $0.01. Because what we think about now is not how much Terra Luna Classic costs, but what we think about is whether Terra Luna Classic will be removed from the exchange. Didn't I make a question comparable to yours?

You can read FatMan's discord posts from a day or two ago on Terra Rebels.


Example:
FatMan — 09/11/2022
Is your "goal" the success of Terra Classic, or the implementation of the burn tax? The advice I'm giving is an earnest attempt to bring about the success of Terra Classic. Not supporting the burn tax doesn't mean I think TR will fail - quite the opposite, IMO. If I wanted TR to fail, I'd just let the burn tax happen and watch the chain die out in 2 weeks flat 😛


FatMan — 09/11/2022
Again, if you want to burn 6T coins, every single LUNC holder with coins on Binance will need to burn all of their money voluntarily, which is never going to happen. Happy to bet on it if you want (but no one will, because we all know it's a silly notion). It's being posted either to mislead people or out of pure hopium.

https://twitter.com/bloombergasia/status/1569930802678431746?s=46&t=Ndh28hMVv0j4BQvxtx5OtQ

BREAKING: South Korea issues an arrest warrant for crypto firm founder Do Kwon as it probes alleged illegal activity behind collapsed stablecoin TerraUSD
https://trib.al/JMvoyWu

Terra Classic is going to zero soon with the news of Do Kwon's arrest, so it's unlikely that Terra Classic will recover and pump again. Right now
the price has dropped drastically, so if anyone is still holding Terra Classic, sell it immediately before it can no longer be sold. This makes us all
aware that Terra Classic is indeed shitcoins that are not worth buying, actually I expected it from the start when the price of UST and Luna collapsed,
I never trusted Terra teams again. But there are still people who believe Terra Classic will bring them big profits. Finally, those who are holding
Terra Classic panicked seeing the current situation, this is the importance of doing research and analysis correctly. So we are not wrong
in making decisions.

Terra Luna Classic we see was pretty pumped. Currently, the market is still at a good level, even if it has fallen a bit. However, it cannot be said how sustainable it will be.Since Terra Luna turned out to be a scam. Pumping now has made people panic a lot.But those who still have enough profit can think of selling because it cannot be said for sure whether the market will be stable.

I still have doubts about this shit coin, where there have been incidents, and there are still many people who believe in it. if for the long term I think it should not be done. if there is a small pump like yesterday, it is better to leave the market immediately, rather than later we will not get anything. use this coin for fun not for the main purpose of your investment, because it is high risk in my opinion, look at this time the price is back down to the bottom and it could happen it will get worse

The question is, how much liquidity is there to pump the price to $0.01
With the current supply, I don't think that price will be reached, unless, the trader's tax for LUNC trades is executed until the appointed time.

Almost synchronously with the South Korean court that issued an arrest warrant for Terra CEO Do Kwon, the company Apollo DAO, built on the Terra blockchain, announced that it was closing its positions in LUNC, saying that it saw no point in supporting the Terra Classic network.

Source: https://cointelegraph.com/news/apollo-dao-to-close-vaults-on-terra-classic

I think it will be very difficult for a project that is already involved in a legal case to have a better price in the future especially the price you would expect at $0.01-$0.01 looks like that price will never be reached for LUNC with the current issues because projects like this tend to be slowly abandoned by investors.
Don't expect for a bigger return with this project if you already made a small profit from it then just sell it and take a profit.

Still holding onto the 3 million Lunc I have - I maybe should have sold more at 0.0005 but I wasn’t sure if it was going to go up or down at the time.

Will see how things go over the next few days and if we get back up to 0.0005 again will sell more and put profit into Bitcoin.

Terra Luna Classic pumping has been a normal thing that every investors are all expected, because the clash in price was something else, which in less than 48hrs trading chart was 100% Dip from the market, which many traders and investors lost there funds, Therefore the recent price pumping, is a gradual process of pull back to cancel some zeros.

After the news about the arrest warrant of Do Kwon is issued by South Korea, this question can be answered as unrealistic for now.  With the warrant of arrest issued against the Terra Luna founder, the remaining trust put on the project will diminish.  I believe only speculators, gambler and whales who wanted to take advantage of naive investors will be the only ones remaining to trade this token.  The Fundamental of this coin is literally shattered since who would "long" on this kind of cryptocurrency? 


You should have sold your holding when it reached $0.0005.  This time it will be a pure gamble to your side holding that amount.  I do hope that you can sell it on the price you wanted it to be but I think it will be a bit difficult now because the situation isn't the same as when LUNC hit $0.0005..  But well pump needs no reason to happen so who knows, just make sure to sell if you reach your sell target this time.

Terra Luna is only pumping due to hype but when its over, expect that its price will gradually drop again and become less valuable. Well, this is just my own speculation about this coin, i may be wrong in the end. But in most cases, it hard to see sustainable growth when you are investing in a meme coin or a shitcoin, unlike in bitcoin there's always a guaranteed and proven growth that appears when the market recovers.

Well, any coin can be seen pumping at the moment and end up dumping in the end. That's mostly happening in the crypto space, but as a friendly reminder, expect that a single coin will never move up the whole time as there will be chances of dropping its price especially when the market uncertainties are seen. If the coin has huge potentials, it will always sustain its pump regardless of the market events.

every coin price that is pumped is very risky for a dump to occur. so I think the pump that happened to LUNC won't last long. but LUNC looks to do a healthy pump. so the possibility of dumping will not take place quickly. even if the LUNC coin will go down then I think the decline will be slow. but now after Do kwon's arrest then I think it's very risky to get into LUNC. better to be safe.

Hello all - I still hold my 3 million Luna classic but things are not looking good lately.

I took out 25% of my investment at 0.0005 and maybe I should have took more but it was the first time I had experienced a 5x in crypto so wasn’t sure at the time what was best to do.

If we do find another pump to 0.0005 I will take out the rest of my investment at least and probably some profit too as things do not seem to be going the way many had hoped for this project and I am starting to feel I may as well take some profit and put it into better coins.

the characteristics of a scam project are Pump and Dump, and Terra Luna is one of them, this coin has been abandoned by the developer of course this is a scam,
yes even though CZ says that he supports Terra Luna outside the context of the founder, I think both Terra Luna Classic and Luna are still a scam project,
and look at the market now, having gone up 40% more Luna Classic is down more than -40%, yes this is clearly a scam.

surely the increase in value won't last like any other organic bullrun, after all luna classic increase was created purely out of some random trend like meme coin and everyone wanna liquidate their luna altogether considering that currently there's no real benefits in having luna as investments, instead it's just become the shitcoin used for speculation so of course the increase in value will just become temporary.

when one coin has a very drastic drop I find it difficult to pump to its initial value before the dump.
my advice when you get a profit it's better you just sell it and switch to another coin, because with the current condition LUNAc will not go up again from the current price

Naturally, it is understood that Luna has already undergone a pump event. So at this point the chances are very low to go for another pumping event. It will definitely take more time. Although occasionally Luna is trying to pump up a bit. If one wants to take risk then one can invest some amount and hold it for long time. If the market condition is reached in better position then it may give you good profit.

If you luckily gained some profit on a falling coin I agree that not going back or buying back again would be a good move knowing that having a significant drop on it's value is connected on the project fundamentals like what happened to LUNAC. It's never a good move to catch a falling knives just to risk yourself for some profits. Terra is facing a heavy problems right now and it would be better to just invest on other coins to lessen the potential risk on losing. We all know where Terra is headed today, It would be a common sense.

Terra Luna Classic gets support from Binance, of course this makes good news and makes Terra Luna Classic experience a Pump,
but indeed the whales are the ones who control it, we don't know what will happen in the future, but we know how Terra Luna is now.
Yes I'm sure everyone knows, and the choice is yours.

I'm not too sure this will last long because as we can see there are many rumors circulating that the CEO of the project is being chased by the police so that if the CEO is arrested it will automatically affect the price of Lunc. I can't guarantee that Lunc is very unsafe to invest in long term because if any bad news comes the big whales will throw Lunc and you can learn from what happened in the first beginning.

No one knows for sure how far the chances of the price of Terra Luna Classic can reach $0.01 or $0.10 in the future although in the last few weeks LUNC has increased by 60% but the price has not increased significantly. Therefore, it is better to hold on for the long term because LUNC is trying to implement a burn system so that LUNC has the potential to experience significant price increases again in the future.

You could have sold all but well it is your decision, at least you already got your investment back (if you happen to buy before it goes up to 5x) and some profit.

At the current price of Terra Luna Classic, I think it will take some time before it goes back to $0.0005 again that is if there is another group to pump the price. 


With all the scandals and confusion plus the total number of Terra Luna supplies, I don't think it will go up to $0.10 unless the team managing the token pump it hard.

luna classic increase never lasts long, the pump itself is short lived mainly because most holders aren't really trusting luna anymore. moreover they all already know that eventually the whales will make a massive sell off to the luna and these increase are just some kind of illusions. even the supply of luna already reflect the circumstance that it's gonna be in, it will never reach its former value ever again.

Today LUNC experienced another increase. because in reality there are still many who believe and speculate that the Burn Tax will make LUNC continue to rise even if slowly.

this is very high risk. because news about its founder is bad news. but looking at the LUNC market condition, it's even positive. something is opposite at this point. so we have to be more careful. if you want to force entry. then use the money that is ready if you have to lose a lot. Binance does support the Burn tax which triggers price increases. but still very high risk. because the price movement became so wild.

It is never possible to go back to the previous position due to circulation is massive. Also, I don't understand how Luna's price can go up so quickly at a time when Luna's CEO is going through various legal complications recently. It also pumped today. But this kind of situation is happening again and again in the case of Luna, why? Many believe that this is how big whales want to turn Luna into a big hype. Which will again be a cause of loss for general investors. So don't be hyped unconsciously.

Getting Lunc back to the old position of the old Luna is a near-impossible task.
Did you hear about binance announcing support for burning transaction fees for Lunc? I heard the number of burned lunc will update weekly and last until the notice to stop, this seems to be Binance's attempt to save Lunc. That is the main reason for Lunc's recent strong growth, not any pumping by the whales here.

While this is good news for the launcher as well as anyone holding a Launcher, we don't know how long binance will support it. Once they announce end of support will be extremely bad news for Lunc, so still have to be careful with Lunc.

The luna coin will easily be used by whales to profit from pumps and dumps, when binance's support burns the supply of lunc the whales will act triggering a rise in the price of lunc and many traders will assume that lunc will return and that is an opportunity to recover past losses.

none of the original pumps were manipulated by the whales who took advantage of what happened to Terra in the past.
some people think about profit with all the risks they don't think about and only think that it will only get big profits from Terra.
sometimes i feel silly a lot of people say Terra will pump, Terra will recover like a joke at night.
but maybe if it will pump after that it will be dumped again like last time

Yes I Think Terra Luna Pumping and It will pump gradually in future. I strongly Believe That i will cover my capital from here. I have huge loser from Terra Luna. Recently we are following team of Terra Luna are very active. So i think it will do good in future. So i wat to take some risk from Terra Luna. Thankyou.

Some investors want to take risks without realizing it. Investors often forget the general idea that Terra will pump but have no reason. There is no change in their supply in the amount they are burning. Because the supply is much higher than Burning. Observation must be done before taking risk or else big disaster can happen.

LUNA Classic's pump is only attributed to the burning mechanism recently approved by the community. It seems that Binance has been the only exchange who burned most of LUNC's supply, causing a short pump in market prices. But I don't think that will ever lead LUNC towards $0.01 and above because the project already lost investor confidence. The community should re-brand the coin to help bring a fresh image to the masses. Only then, it may be possible to attract huge investors into the project. Not only Terra Classic would be needing investors, but also prominent developers willing to build dApps on its ecosystem. AFAIK, most developers moved from Terra to other chains after the coin went all the way downhill in an instant. Some competing projects offered grants to help attract developers into them. Considering that no progress has been made regarding the development of the Terra Classic project, I'm afraid the cryptocurrency will remain a speculative asset for a long time. At least, we have other coins to choose from. Just my opinion :)

Until now, LUNC still survives and pumps for almost 2 months continue to occur, of course not all pumps are carried out by developers, I'm sure many investors also hope that LUNC will skyrocket again, of course there are many reasons and I also hope that LUNC can recover soon even though it is currently facing many problems.

if i remember correctly, the current supply of Lunc is 6,7 trillion tokens, an extremely large supply. it is known that lunc recently received support from binance, the exchange is burning lunc every month, from September 26 to October 4, the number of tokens burned was 5.5 billion lunc.
if this holds up, binance will also take many years to bring the total Lunc supply back to 10 billion and it is unlikely that binance will support the lunc burning until the target is reached, they just said they would stop burning on notice

the risk of investing in lunch is still very high, so you should consider it

This is what it is and people who lost money in it the first time but are still putting their money into it now will get hurt a second time. Once a business defaults it is very hard to regain the trust of its customers. And this is how I see Luna now. Today, I read on Twitter where the CEO of Luna, Do Kwon was disclaiming an article that claimed his funds was frozen. It means there is still so much problem in his camp. Anyone trusting that coin now and investing in it will be risking their money.