Bitcoin Forum

Hello,
Is Terra Classic recovered and worth the investment? Please see https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/ (https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/).



Thank you.

Terra Luna Classic is a falling crypto token that fell in May this year. At its peak, the coin was one of the most valuable cryptocurrencies in the world.
Even so, on Saturday (27/8/2022), the Luna Classic token was again corrected.
Based on Coinmarketcap data, the price of LUNC is IDR 1.86 with a 24-hour trading volume of around IDR 5.1 trillion.

If you “invest” in this scam again, you deserve everything coming at you. These projects harmed crypto more than Mt.Gox probably. Thousands of people lost their life savings there. Why would you want to invest in it? Do you thini they will get it right this time? What about those who lost their money there? The CEO of this project should be in jail imo. I don’t buy that it was a decentralized project crap neither because it wasn’t.

Before you ask this, I recommend that you look at what it did with their old investors, if you want to be like them, then simply invest in Luna now. If you want to lose money, fall into a psychological crisis, you should invest in luna.

We have a lot of potential tokens why people continue to invest in projects that know for sure will scam. With a profit like this, I firmly believe that if you search hard, you will earn a lot in the market.

Im really confuse with the sudden pump. I think there are key players that planning to step up and manipulate the price. Imagine a 200% plus gains or price action in just an overnight is not so healthy. Hopefully some retailers wouldnt go to hype as this could lead to a massive fall out.

No and no.
Why it would have been recovered if it's already that down and unlikely to go back to its former because of its supply and the fiasco that it was involved before?
And being worth as an investment? It's only worth it for those that have bought it at the lowest and sold for profit but in holding it as an actual investment that has the plan to hold long, not worth it.

This is news speculation. Exchanges sell coins to hamsters and hamsters pay for the burning of the coin, because of the news about which the price of the coin rises. There are no fundamental signs for changing the ecosystem yet, and it will take a long time to burn billions of coins at such a pace.
Here are my notes
https://bitcointalk.org/index.php?topic=5413057.0

Nah, I will not trust again Terra. Billions of dollars were lost from them. It's very difficult to trust again, the trust is already broken.
Maybe these kinds of happenings is just some shows able to lure again some people to gain back their trust again. But I got a big instinct that this is another hype, pump and dump.

Or those who have jump is those people who have lost their money and at least if they would have to sell at the price right now, they could have recovered something.

And we all know that this kind of meteoritic rise is not going to be sustainable, so this could lead to another massive fall out, which will hurt another set of investors. So the best option is not to jump on the hype.

Recovered from what? that news was only telling your about some people who have been speculating about the new burn mechanism for luna. that's only people who bought at the rumour and they will be selling for the news.
If the new burn mechanism will not make them feel satisfied with it and then you will get nothing from there. How can you think if it's recovering? did you see it's worth $100?
I guess if you are aware about this and you will not falled in this pump and dump coin anymore.

Based on it's price you can say that it's getting better but if you do ask people who are victim of this project, most probably they will not agree on this. There's still a trust issue with this project, but of course we are not just looking on that because traders are looking for the price trend and on it's current chart though it's already overbought and a healthy correction is happening right now, you can just say that LUNC is trying to get back on track. Decide on your own, know if its worth it or not as long as you make profit, that can work.

What's the big surprise here? you still believe it can hit $1 in the future. Have you looked at the total supply of Lunc right now, or are you hugging it and daydreaming? It would be surprising if the price could continue to rise above this price and then hold above that price for some time to come. But it wouldn't be too surprising if dumping happens and we should soon see a luna3.0 version instead of the current Lunc version.

I am not sure if Luna Classic can recover so high because the price is below $1.
If you still hope Luna Classic has that chance and you can wait until that time, you can do that but I do not know how long that will happen because Luna disappointed many investors.
It is up to every people who still have Luna Classic because they will have their own plan.
Maybe it will rise again but maybe it won't so you choose what you think is right.

While both Luna and Luna Classic are showing signs of improvement (in terms of value), I don't think it's worth the risk. Billions went down the drain a few months ago, but still, people are ready to blow their money on something that has already failed (I'm not talking necessarily about the OP). I only have a few thousand LUNC I bought just for the sake of buying for a dollar or two, honestly, I believe that this pump is purely speculative and the risk of it suddenly dumping high.

If you're fine with that, go ahead, but I wouldn't take such a risk. I find the developer extremely malicious, failing to inform his investors in time and only posting on Twitter in hopes of keeping the hype going

Terra classic is a dead project that only run by few developers that benefiting on dumb investors money. Most of the developers already migrate on the new Luna to start building again. The recent pump is just a result of impulse trading and surely it will dump quickly once crypto market faced major sell off again.

I'm surprised that there are many investors that willing to risk buying this shit token despite it was being dump hard before. Whales is just playing the retail investors money.
 

Are you not mistaken, all I know about the most valuable crypto is bitcoin, I doubt your statement about this, maybe you need to re-examine which crypto is the most valuable.
In addition to bitcoin there are many other coins that are one of the best, Luna can't be classified as the best crypto level in my opinion. because they are not able to survive and are more influenced by the hype.

This is a coin that can never "recover". Literally has no more use case. Has no utility. As far as I know, all project developers moved on to luna 2.0 or just abandoned their projects. The recent "pump" is because of the introduction of staking and the burning mechanism proposal. People are hoping that the burning mechanism will reduce the supply and bring back to the price to where it was before. Hence people are joining the hype train and FOMOing. Look at the market, it is already crashing. Down like 15%+.

I don't think that Terra Luna Classic will continue to rise in price i mean in the end it is an abandoned project. I also don't really know what has caused the recent pump of Terra classic but it really had some incredibly high volume on the exchanges. One reason for that high volume is that most trading bots that are offered by Kucoin and Binance were running on a Terra Classic/stablecoin pair because the votality was high and the volume was also incredibly high which is always good for bots.
Now the new Terra Luna started to pump yesterday and i heavily doubt that both Terra versions will pump at the same time. I think Terra Classic will go down again in the next days and weeks.

Don't fall for their trap so you wouldn't be like those investors who have lost almost everything they had because of the false hopes caused by Terra Luna. They have a bad reputation already and despite their pump, I don't think they still worth our trust. The same thing could possibly happen again so you better be wiser and instead of risking in a coin that has a bad reputation, better choose highly reputable coins for your assurance.

Probably or maybe. Its really something staying above $6 for two days. It seems the whales are really trying ti make it a long time interval before releasing their bags. I feel that it could do another leg up to $10 and from that where the massacre would happened right away.

Curious too why exchange are posting or taunting community with such questions of how far will lunc/luna pump go. Rather it seems they are shilling in a very subtle way like Kucoin tweets.

To say it has recovered is certainly a long way off, currently there are 3 zeros behind the comma and before the Terra drop price was still over $80, it might be difficult to get back to $80 but I can say recovered if the LUNA price can reach at least $10.

If you are one of those who invested before in Terra Luna and you are among the community investors who also lost money, and
even though that happened, you still gambled to buy terra classic and held it until it pumped up in the market today, of course,
I can say that somehow you recovered from a loss before.

     It is still up to you to decide if you will continue to hold the other terra you hold or if you will sell the other because
you have income from pumping it.

Despite being such a big scam, people are still investing in these projects. Cryptocurrencies are good for the investors those who can take the risk but in this platform chances of losing asset is really high. At any time Luna Coins will go down and some investors will lose all of them.  Despite knowing everything, some investors still think of Luna as a lottery.

I don't know if the current rise of the Terra Classic is starting to recover in price and is worth the investment after the project went through. Maybe not many investors invest in the project because they have had bad experiences before and the current price increase wants to attract the attention of other investors that their project is still worth investing in. If you want to invest in the project, you should be careful and only use the money you can afford and don't let you get a bad experience like before.

lately I see a lot of people talking about terra LUNA classic. it seems that they are serious about working on this LUNA classic project so some investors are starting to believe it. very lucky those who had entered before this news was there, they are already for tens of percent now. LUNA is interesting, I hope they can bring LUNA classic back into the top ten.

Lately, it really doesn't make sense to see Terra's movements, both classic and newest, can the price rise from adversity. In my opinion, however, there is no information that has high fundamentals to support its revival in my opinion. But hopefully this resurrection can help people who have fallen but don't let it repeat the second downturn

everyone has their own opinion. I think those who entered early when Terra LUNA was still underrated when LUNA classic was released early had already bought it, they are the luckiest because now they can enjoy the profits that already exist. but for some people it's not too late to invest, it's just that the risk is in their respective choices.

I don't know why but I lost my confidence in this project long ago, and even though luna should do 10x price moment right now I would not be impressed because they have betrayed community trust.

And year exchange will do all that their can to promote the coin even if it means using the subtle method, you know the investment is at stake as many exchanges have large bags of Terra classic ready to be offloaded into the market any moment the pump happens.

You are absolutely right. The kind of huge crash LUNA went through back in May-22 & consequently whole market crash along with it won't be easy to forget for investor. Current price hike of 500% & marketcap now stands above $2 billion. Th esucces  burning mechanism proposed will depend on its acceptability by major exchanges and increasein trading volume.

Logically, I think that Terra Luna Classic is one of the coins most investors glance at to invest in cryptocurrencies, but because of the many slander against the coin, the investors apply rules so that the Terra Luna Classic coin can recover or come back to life. in the crypto market.
Although it's been a tough period for crypto in general and investors still have a bad taste in the Terra Luna Classic as a result of the fall in May this year. Speaking of whether or not it's worth investing in, the answer is of course you already know, but for me personally, there's nothing wrong with investing or owning shares of this Terra Luna Classic Coin, bro.

Recently in LUNA coin some blue whale buy big amount by which it is pumping massively. In the last 30 days luna increased 321% percent and 7 days graphs have been seen about 57%, but still it is about approximately 100% percent less than the maximum price. But I think that if the whales increase the sales pressure, it will be forced to go to the previous position again.

If the price has been 10x from now on, of course we agreed to say it recovered, if the price comparison before dropping with now, of course it is still too far, it takes at least 3 times a large pump to be able to make investors interested in investment luna classic again.

That whale could take it to x10 higher and I would still not trust it at all. That's not even Luna classic, that is luna and whale ended up doing something wrong for themselves since it means they have a lot of Luna and if they tried to sell it then they would probably make a loss considering how much they would drop the price. There needs to be some trust in the market that the project will recover and if the price is not showing that then it is not going to recover.
 
Focus on other things, why are there so many people who are still reconsidering to invest into Luna or Luna Classic? When we have thousands of options, even like a dozen good ones, why would you feel like you are stuck and could only invest into this? Forget about it and move onto other coins already.

Terra classic is far from recovering.  Terra Classic were once trading around $119.18 so it is down almost 100% and yet to recover even 1% of the current ATH.  I would suggest to stay away from this project because its future is very unclear if you plan to hold it for a long time.  If you plan to just day trade this then I don't think there is harm in trying so.  But be aware that LUNC is currently hyped so you might find yourself unfavorable in the future if you buy it now.

Heck no!

If we calculate that and then we'll still end up with a no. It has recovered even it will get a 10x of increase. Right now, after the good pump that it had got.
Look at how massive it is with it drops and that's why no way that it's recovered and not good to hold that you can lean on your future on it for someone who prefers long term.

Luna has dumped hundreds of thousands of percent and now lunac is up only 100% -200% people believe it is starting to recover and will be back soon. Having said that it will never be possible, looking at the current total supply, the possibility of an increase to 0.01 is also an impossible task let alone it will go further.

Even if the Lunc is pumped a few hundred percent more I personally don't believe it will come back but instead the whales are trying to create a Fomo effect that makes people believe it has recovered and then they will be dumping again.

as you can see it recovered because there is news about coin burn

and also i do agree with this one whlaes are creating a fomo
because you can take a look with the huge volume spike either in lunaclassic and luna new i think is anomaly

Based on the old reason why it was created, and there is a Luna 2.0, it's hard to believe what they will do anymore. It's going to be very hard to become invested in it, and it's never going to recover to its former price because of what happened unless everything is redeemed to those affected. We will see.

This "Tax Burn" thing that they have initialized is just a countermeasure that is for the short-term right now. Let's see how it will react in the long run. The amount of money lost and involved in that issue was too much, and this burning mechanism can't hold it for sure.

It's the cause of the crypto crisis this year.

No, stay out of that project. It's just a scam. instead of investing that invest to a project like CHZ, at least you can get a 10-15% when FIFA world cup started.

The current increase in LUNC prices is due to the Hype from Tax that will be implemented in several CEX exchanges https://cointelegraph.com/news/exchanges-criticized-for-nothingburger-pr-posts-on-upcoming-lunc-tax-burn
Honestly I have LUNC staked, but it's only worth $100 usd, since LUNC is a community token similar to Doge, I'm not expecting much increase, but waiting for the right moment to sell it.

It is true that it will be difficult to reverse what happened to LUNA and caused crash of whole crypto market back in May-22 though Tax burn proposal created new hope of  beginning of price recovery process but it will take years to reduce supply of LUNC to meaningful level. What remains to be seen is that whether major exchanges like Binance fully implement Tax Burn which is important for its success.

The price pump that happened at LUNC was caused by the hype. indeed there is good news that goes with it. such as the burn tax proposal that has been approved by various exchange parties. and that's where the pump starts. but today we see a very deep correction from LUNC. That's a natural thing because after the pump it always ends with a dump. it is better to be careful than to suffer losses in the future. if you want to enter then wait when the hype ends. when the price starts sideways. and use the money that is ready in case it is lost.

They already have a bad reputation and regardless of their pump, and it will be difficult for investors to return, unless you have invested in Terra Luna and you are one of the community investors who have also lost money, trying to recover the lost money, hoping that Terra will come back. .

Many people dream that Lunac will reach $ 1 wake up friends, don't get your hopes up on this coin, which has clearly made many investors lose their money. I was lucky to have sold it at the best price a few days ago, now maybe the profit has been much reduced.
for me it's just a momentary pump though they burn every transaction but it's nothing new to crypto, specifically defi.

Tax Burn is only one of way to burn and months ago, MEXC exchange is the first one supported burning Terra Classic from trading pairs for Terra Classic on their exchange. Later the proposal to use on chain transactions to buy back and burn Terra Classic is great. Previously, LUNC DAO is a staking pool initiated burning mechanism too.

Although, there are efforts from different sides to support Terra Classic, they are just not enough and even more entities join the burning mechanism, it takes time. The latest soar of Terra Classic is simply because people were greed.

The general crisis financially, economically and in crypto as well will certainly affect Terra Classic.

There are still other coins to invest in if you are looking for one. I wouldn't advise you to invest in a coin that had lost its trust and potential. Don't let what happened to others to happen to you. Terra Classic is long gone to recover its previous price. The recent pump is just for a while, it won't last. Be guided before investing in any altcoin

I can agree with you that luna is one of falling group of altcoins which nobody will have much interest to invest on is luna. And i think that before luna can be recover fully like other coins it will take time, because of the drop of it's values. And another way it can be known and investor start develop in interest to invest in Luna it's when bitcoin have a full recovery and bullish will be in the market fully.

I agree, Luna is one of the major coins that has a remarkable fall and might caused the bear market. Investors were doomed and there is a very high chance they won't be investing in it since they lose a lot from it. Those who are in from the latest pump are just the who are building up the hype and just taking profit from it. Most of us can't see a major comeback from LUNAC.

Even with the introduction of tax burn, Luna Classic cannot be saved. If I remember correctly, last time I checked, there were billions of coins in circulation. The tax only burns a few million at best, so it's unlikely to ever see decent improvement. While some speculate reaching $1, let's keep in mind that even if it does happen, it'd still be over 100% minus since it used to be worth over $100. I wouldn't call $1 a victory, especially for those who got screwed over.

Personally, I spent a few bucks just for the sake of it, not because I honestly thought I'd get a 100% return. The developer has ruined his reputation. The community doesn't trust him nor his coin. It's pretty much done for.

Don't tell me if you are saying kill 1 zero meant lunc recovered. that's a non sense thing to happen. Im not sure about what you have saying above. Lunc got dumped from $100 to the below 0 value. How can it be recovered again? i see no possibility for lunc to recover. There are only so many BS that being spread by some parties to the lunc community which have been loosing a lot. I think that you didn't even aware with reality no matter how many increase that have been made and the price will always be below zero

Looking at the Tera Luna market, we see that it is fairly well but pumping. Many believe that Luna will recover. But I don't know how sure recovery will be.But it is not sure whether this pump will wait for a long time. Many may not know that Team was responsible for the destruction of Luna.Again, that team seems to be getting up for recovery today.But from here I believe Luna Classic will not be able to recover.

Tera Luna is very nice about recovery. But I can say with certainty that Luna will never recover.The market seems to have pumped a lot lately but it will last a long time.In fact the team is now trying hard to recover this platform but due to their mistakes this project has become a disaster today. And now they are trying to recover then you can understand how much recovery can be.

Terra Classic may be pumping, but that doesn't mean it's well worth the investment. I wouldn't say it "recovered" since it's way behind its ATH of over $100 per coin. It hasn't even reached $0.01 yet. Everything's pure speculation, so I'd proceed with caution just to be safe. Instead of focusing on Terra or Terra Classic, why don't we focus on Ethereum instead? The world's second-largest cryptocurrency by market cap has a better chance of going all the way to the moon than LUNC itself.

I don't get why there are still people following Terra, when it crashed in an instant. There were millions of dollars in losses, which terribly damaged the project's reputation. But who knows? In this strange and bizarre world of crypto, anything can happen. If DOGE went from being worth less than $0.01 to almost $1, then it's likely LUNC will pump massively in price for a short period of time. As long as you play it safe by not putting all of your eggs in one basket, you'll have nothing to worry about. Just my thoughts ;D

While it may be able to recover it's price but it won't last long. The price of the Luna Classic has already come down significantly and is likely to go down further. Some whale investors, including team, have artificially inflated the price of Luna in this bearish market. While Luna's real investors are still suffering from lack of confidence.

Terra Classic in my opinion is very difficult to return to the way it was, because of the big dump that happened at that time and everyone was very disappointed and left, maybe there will be no more pumps that happen to Terra Classic. But it all depends on the developer himself, whether the Terra Classic developer can return it at a certain price or is it dead.

Are we speaking about Terra Luna Classic (LUNC)? An altcoin that once cost $120, and now its price is far away from 1 cent? And you see a recovery in recent growth ? If you are joking, then this is a bad joke. That patient is already dead. No matter what devs or community will do, it is impossible to recover it. If its market cap was in thousands, then there are chances of recovery, but its market cap is in millions. It will take billions to recover and there is no use doing it.

The Korean government has issued arrest warrants for Dokwon and several members of the terra team. This is considered the end for Lunc, this has been expected by the community for a long time, can't let a scammer live freely and continue to scam people. I think this is more desirable news than any Lunc pricing news. I think people should get rid of it immediately if they don't want to lose money again with Lunc. With this news, the sharks will take their last profit and will kill Lunc.
https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

Today there is shocking news about the founder of Terra Luna, that the South Korean court has issued an arrest warrant for Do Kwon as the founder of Terra which resulted in the price dropping to below 1 cent, this will really affect the price in the market and is unlikely to be a recovery if there is news that this bad.

Source: https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

It's been said a lot before it's been really tough about this Terra Luna recovery they have become a bad shitcoin but somehow the community still I believe in this token.

My guess was correct not to trust Terra Teams anymore, it turns out that this news has become an answer that there is no hope for LUNC to recover.
To me this is very good news, because if Do Kwon is allowed to go free, it will mean that more people will lose their money. People like Do Kwon deserve
to be held accountable, now Do Kwon is officially found guilty, he deserves to pay for his actions in prison. With a South Korean court finally issuing
an arrest warrant, this awakens people who still believe in LUNC, that LUNC is an unfit shitcoins for investment option. Now seeing the price of LUNC
which has fallen very deeply, is a sign that in the near future LUNC will really die. This is also a lesson for all of us, that do not give a second chance
to projects that have caused harm to many people.

Yes, I saw this news in the morning and literally, this was a situation I was waiting for, it was already too late. Investors have too many losses. I think this matter should be thoroughly investigated. I think this had an effect on the general trend in the market, while BTC was on the rise yesterday, it crashed again today, looking for support at the $19k level. It is a little interesting to me that there are people who still try to take care of this team after all this incident.

Temporary recovery doesn't mean it's worth investing in. Moreover, after they damaged the market and harmed many parties in a very unforgivable way, then we gave more trust to invest. would be very reckless. Think like investors who already know that they will no longer touch assets like Luna or Luna Classic. This token has been deemed a failure and in any way to restore the public's trust is not an easy task. Even with the sudden temptation of the pump, you have to worry. When tokens are easy to pump up and throw away all of a sudden, there will only be losses if you don't know how to invest.

This is the most readable news I have seen about Luna up to now, and I have to admit, I love this news. I am hoping that this news will wake up those who have invested in Luna. Luna is really dead and there isn't any way for it to be saved, what is happening in the last few days is just hype of the sharks looking to take profits, this pump is not the recovery from the Terra team as people think.

Dokwon has made many people depressed, even committed suicide when investing all his assets for Luna. This is the end he deserves for what he did.

There's no second chance for Terra Classic, don't get fooled by these press releases and do not be gullible, remember there are still cases filed against its founder and creator, what they did and their mismanagement will haunt them for the rest of Luna's existence in the market, you can use it for pump and dump for a quick profit, but don't give yourself false hope that it will recover, it's far from it, they are done, look for better coins to add in your portfolio.

Terra Luna is again in the news media. South Korean court has issued arrest warrant of Do Kwon for violating the capital market Act. This news triggered massive selling & price dropped 24%. Burn tax had induced some buying momentum during the past weeks but this news has again created negative sentiment and we might see further selling in LUNC in coming weeks upon start of court proceedings.

https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/

The Luna criminal investigation will take a long time because many investors have lost money. Any adequate development team would stay away from Lun 1 and Lun 2 to avoid risking their reputation. And the members of the Do Kwon team in Korea are in big trouble. Prospects are zero.

No terra Classic and new tera Luna will soon over because south Korea has ordered to arrest it's owners and very soon other countries will takes this action too. Luna Classic pumped 500% in one week and was a number one in gainer list. Some daybtaders make a good profit form this but it's again Dumping and this time it will dispress the Luna lover.

I expect some law suits and arrest warrant from Do Kwon and other Terra project heads. They have the hottest issue within crypto community now and the eyes of people are on them, I'm sure that there are people who really want Do Kwon to go in jail that's why they are finding any thing that can be used against Do Kwon and the team. I also don't understand why community still believe in this token and still supporting it, Maybe the profit they can potentially get from it I guess?

This isn't shocking news for me but is already an expected thing to happen since the bouts about the crash of UST and Luna. Following the suing against Do Kwon and his co-founders were made. The market reacted plus the correction for bitcoin so that's a heavy blow on their token.

I don't think it's the whole community that believes on it but those are the whales that are attracting to play around and some traders are buying that FOMO they made.

After his ascension in the past few days. but now Luna and LUNC are experiencing a very drastic correction. and of course this is normal. because the price drop after the pump always happens. and the decline that occurs is always very scary. and luckily i was able to buy before the hype. and yesterday sold when the hype was peaking. and I dare not buy back. because I know that the price after the pump will always be a big drop. plus corrected bitcoins. this will further exacerbate the decline. so I think LUNC is not suitable for investment. For now.

I think it is too early to conclude that LUNC is recovered already. If you compared its ATH ($119) and its current price ($0,00029), the gap is still too big. We still cannot say that LUNC is already in a good situation although there is some positive news lately. For example burning program, surely will decrease the number of its total supply and trigger the price of LUNC to increase, but I think it is just a temporary impact. Just look at the current price, it is decreasing again. I doubt if there will be a more big pump in the near future.

If we look at what happened to UST and Luna which crashed due to manipulation, it should come as no surprise that Do Kwon was found guilty.
Those who were harmed by the crashes that occurred in UST and Luna were numerous, of course, many people reported Do Kwon about the losses
they suffered. Finally, with the news of Do Kwon's arrest, the price of LUNC has dropped drastically, because there will be panic now for LUNC holders.
Indeed, from the start, we should never expect LUNC to recover. Because Terra Teams really can't be trusted, they only think about their
personal interests.

So very lucky people who don't trust Terra Teams anymore, so they don't have to feel the loss a second time. Like you said not many people trust
Terra teams anymore since what happened to UST and Luna, but some whales do manipulate, so attract some people to buy LUNC. Just take it as
a lesson if anyone experiences a loss buying LUNC just because of FOMO, so that they don't make the same mistake in the future.

It will recover if the whales decide it so, but as we can see, this is a failed project, and most of the people who traded it want to recover their big loss, so they tried to attract new investors to buy this token to at least gain a little bit of their burned money if you holding this coin try to sell it when you see someone is making a fake pump in any exchange you traded it.

Your experience can be a lesson for newcomers to the crypto world. because these lost billions of dollars are not a small number. How many years does it take us to collect, if we are a private employee who is paid 5 million rupiah per month, it is still a gross salary, meaning that we have not set aside household needs, my advice for newcomers who want to invest in the crypto market to be more thorough and careful , if not, maybe our friend's experience has happened to you, good luck in the crypto world, bro.

No chance. Terra once broke the trust of people's and there is no chance that it will recovered. People won't invest on it again. Whales are manipulating with this coin.

I don't think it was the team's negligence but a pre-planned collapse. You can see their team didn't take any action when UST started to collapse and they let it die quickly, then they wanted to create another luna to disclaim responsibility. It must be said that it was a very well planned plot. With the news that there is an arrest warrant for Dokwon, I hope the legislators will soon arrest him and hold him accountable for what he did to investors.

I see that people and Terra Classic's investors are hoping for the best and earning a profit from their investment. I understand how they respond to the situation and are hopeless about what they have heard in the past few days. But as this recent time when its price moves a little bit high, it obviously gives them some hope. However, we don't let our emotions overwhelm us but take action cautiously and do selling if possible cause I'd never see any assurance from this project to keep alive for many years.

I think it is difficult to rise again as usual, especially now that it is still in a bearish situation so that it is difficult for altcoins to develop. There are only hopes that are not necessarily true, under the pretext of the market situation in order to attract investors again. but unfortunately when the bullish season arrives, that hope may not necessarily come true. after collapsing until now there has been no significant development of the new token

From the fall of this token some time ago there was speculation reporting about Do Kwon to the local government to investigate it and in the end, they made the decision because that was what the community wanted, but we don't know whether Do Kwon has been arrested or not until now still no news.

The community shouldn't be affected by the FOMO that the whales created just to play around in this token trade and obviously, they're back down after yesterday's hype, so I think yesterday's sharp rise was the FOMO that was created.

It looks like some whales who are pumping Terra Classic had cashed out when it reaches $0.00054774.  If you look at the market trading price today, it is now trading at $0.00024770, meaning the current market is down 50% from its current peak price surge.  I feel sorry to those who are caught by the trap and had suffered losses.  Aside from that, Do Kwon had an arrest warrant issued by the South Korea authority. If Do Kwon is proven to be guilty, I think there is no need to tell you guys where will this project's token end.


Now Terra Luna Classic is in for a 50% dump, people really never learn and always got baited by this kind of pump and dump scheme.


The community should have done their research and check the history of the coin and not get baited by these whales who wanted to milk the market through pump and dump.  Now that the warrant of arrest against the founder of this project is issued, the market has nowhere to go but crash.

Yeah, no news of the actual arrest but he's nowhere to go. He's just hiding for now and he can't skip that arrest that awaits him.

Sadly, there will be people that will be attracted to that FOMO no matter what they've been told, they'll never listen and will like to do things on their own.
This FOMO that has been made was really making the whales of it richer while the small ones are the ones left behind to suffer and catches the falling knives.

I think the key factor to recover Terra Luna Classic is how the team makes sure it has a strong fundamental to survive. So, it is not about how the whales' decisions. Whales' role is to hold and trade LUNC only, but it won't last a long time if LUNC has no strong fundamentals. The whales probably just buy and hold in a short time, they will exit (take profits) immediately when there is a pump. It may be almost the same as the whales' goals in holding meme coins, they only take advantage of the hypes. They know the hype won't last a long time, so they only hold for short-term goals.

By the way, I don't think it is a fake pump. It is a real pump, but it is probably a fake bullish in LUNC price. Yep, it happens because of the current issue about the burning program on LUNC.

Now that the arrest warrant for Do Kwon is released, the little chance of Terral Classic to recover had almost gone.  It isn't about peoples trust now, it is about their crimes and arrest.  Sadly whales are able to milk money from unwary investors for the last time ( see current LUNC hype and market price history).


So what is the fundamental of LUNC?  Basically, the fundamental of LUNCH has gone when the developer decided to fork it.  Forking it is like abandoning it.  They just make it look like they are supporting LUNC because there is money to milk in this market.  And the current pump shows it.

I think it is best to stay away from this token because there is no trust in this coin.  At times this token can expose anyone to a lot of losses.  So I would say if we can stay away from this token it will be very good for us.  If someone invests now, I don't know if he will ever make a profit.  Anyone can trade with this token if they want.

I do not advise you to invest in the Luna Classic, there is a lot of bad news about it and about its founder, so it is a coin that is not worth the investment because the Terra team is the team that caused the collapse of their previous coin, I sold everything I had in this coin after it was pumped during the past week, I do not have more money to lose with it or to take risks, it is, in my opinion, a pump and dump coin, so invest in it what you can lose or stay away from it completely. There are a lot of good coins in the crypto market so you have plenty of choices. Frankly, I do not see a bright future for Luna Classic because of its reckless team, although there are those who believe that this coin can exceed its price of $100 in the future.

Depends on why he was summoned to court but in reality it didn't worth anything over 1 cent anyway, it was all a facade that they were putting up saying that they are decent enough and all that. We all know that they are not good at all and all the things they have said so far regarding their situation is a big lie and they are a bankrupted bad project which should not be getting any new investors.

For some reason they lied their way into hearts of many investors and the price went up a bit, and if the fall we had yesterday on all crypto is regarding this, that is even worse because this guy is still hurting the crypto economy when there is no other reason to fall at all.

the founder of this coin terra classic is said to be arrested on south korea there is someone in this furrom post about the news, if we look at the situation i think there is no way for the coin  to recover people are now afraid of this coin to turn into scam again and i believe that investors are now choose to invest in other coin than investing in the coin or project that has a very bad reputation.

People who are investing into LUNA or LUNC already know all the things we could tell them, they are aware of the high risks involved in such an investment and they do it anyway. I am not saying that it is a smart move, it is definitely a foolish move and they shouldn't take such a huge risk for a reward that would never come anyway, but that is their mindset.

They believe that if they could buy it right now, and wait for it to go back up and reach to old prices, even half of what it used to be, that would be a huge profit for them and they think they could outsmart the market and make that kind of cash. Instead, they will end up losing, but they won't hear it, they won't care what we tell them.

Like I used to tell my crypto friends around the world, once a project failed and makes their investors lose money its never coming back no matter what the dev do, you can't break the heart of many investors and except them to still trust you, no way! Things don't work like that.

You know from my observation, I don't think Terra classic or LUNC will ever disappear from the market. Because as long as traders are buying it in the market, it will stay in the market, no matter what others say that it is not to be trusted or blah, blah, blah.

Because according to what is happening now here at LUNC, even though Do Kwon's arrest warrant has been issued, the increase and decrease in the market still cannot be controlled. But I'm not saying that this LUNC can recover, I'm just being realistic, it can recover and it may not be that simple for me.

As far as I know they have not been arrested yet.. However, a warrant has been issued for their arrest. All those involved in such a big scam should be brought to book and punished at the same time all their assets should be confiscated. Those who are trying to do that can learn from them.

You're right, I haven't read the news of the arrest of the founder of Luna but there is no way for them to escape even though they are abroad, they should be arrested immediately because this case must be immediately brought to court to be prosecuted before Crash Luna 2.0 (probably), I hope everyone follows up on news updates about the arrest order so that it doesn't get swayed by the hype that temporarily increases the price of luna just to profit the whales.

He cannot go anywhere nor live a easy life if he flew and go abroad knowing he has standing warrant of arrest so I guess this is the end of their schemes on what they do to their holder. I hope this is a wake up call for people who still believe that LUNA will pump since for the incident happen on it for sure no big investors will come on it again.

Only people who have bad agenda will just come and hype this for their own benefits.

Whats money if you do live a life which you do live in the shadows and trying to avoid the authorities for the rest of your life? Its never been a wish to have that life.This is which this situation will really
be an eye opener for those who do plans similar to this.
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
https://cryptoslate.com/luna-sinks-20-after-south-korea-issues-arrest-warrant-for-do-kwon/

There's already a warrant..So its time to hide?  :P
Dont expect for recovery specially into its Terra classic and also into its mother coin.There's no point
on investing into these things.

i think terra classic is not a recovery in terms of the project, but only recovery because of fomo,
this is why i suggest you don't have to invest in Terra, it is very volatile and very dangerous if you want to enter there, better forget it

It is a good decision to sell all your LUNC during the pump. Because too much bad news about this coin, I guess LUNC is starting to drop again. LUNC price was around $0,0005 on September 08, now it already dropped to $0,0003 (September 17). I predict the price to drop again below $0,0002 at the end of this month. And once it drops below $0,0002, we don't know whether the price can increase again above $0,0003 or not. It is too risky, we are better to avoid investing in a too risky coin like LUNC. Especially, it is because the LUNC team has a serious problem previously.

The thing that makes us optimistic about the long -term terra project is that they are supported by a solid and certainly large capital community, I'm sure 2 or 3 years will be recovered and enter the top ranking as before.

How can you trust this project after all that has happened, they just scammed people straight, stock markets still list and people are willing to invest, this situation seems strange to me. I had heard that an arrest warrant was also issued for the CEO in South Korea. In other words, let them make a road map a hundred times again, once the foundation was shaken. it doesn't get better, it doesn't make itself recovered.

But there is one detail you missed. The executive team behind Lunc claims they are no longer affiliated with Dokwon and that Lunc was developed by them. So the indictment against Doknow has nothing to do with Lunc. Currently on the market there are still 2 different versions of Luna and Lunc. This a lot of people confused.

Yes, it was recovering very fast but the terra's founder's arresting news dumped it again. That's impact big on all luna's coins. Luna, Lunc, and USTC all dumped with the news.

Now, I don't have any hope for this project.

The drop made sense because in reality that coin was something that had like 50 million dollars in volume into 3+ billion dollars in volume very quickly, inside a single month. When you have something like that, there is usually a foul play, which probably the team was responsible for, they increased the attention by spending money and now that he is arrested its going to keep going down because he can't give orders like this, and probably use the money for legal reasons instead. It doesn't make sense for something to go up as much as it did both on price and volume out of nowhere, with no improvement and coming from a big attack that caused tens of millions of dollars lost to people, it was most definitely a fake.

Still far to say that Terra has recovered, but what happens to Terra now is the first step to recover, what is important is that we always follow the development and do not panic when there is a correction because I am optimistic that Terra will often pump

If the price has been 10x from now on, of course we agreed to say it recovered, if the price comparison before dropping with now, of course it is still too far, it takes at least 3 times a large pump to be able to make investors interested in investment luna classic again.

Before investing in any project one must select the good projects. First of all you need to collect various information about the project. And based on that information you have to make the next investment decision. Luna is a scam project it might be up a bit by whalers but not for long term. So beware of all these projects. This project will never recover. But investors like to risk little money.