Bitcoin Forum

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks. :)

The situation surely have created a temporary scare for investors who like to invest particularly in new projects. Many have lost a lot and most definitely their faith in the market has definitely reduced. The crash was substantial. I however feel that although people may become more reluctant to invest in new projects, it will not stop people from the crypto market which to some have given more than it has taken from them. There is still hope for LUNA by the way.

With how Luna turned out, an investor would be paranoid which of the tokens in his portfolio be the next that will pop because if it does have a stablecoin in its platform, its could very well likely be attacked.

But its not the only reason why they are scared, its because were in the bear market. The fud and fear come along with tragic Terra Luna's demise.

It's not only making so many people scared to see that but remember that so many influencers with big followers were also being affected caused by this dump and they were loosing millions dollars of money. The LFG funds were not enough to give whole of refunds to the all of investors.
The ability for the project to wake up again from its sleep is almost zero for now. Many people in the market have been loosing their life and some even ended their life by doing suicide which was the worst decision that can be taken.
The life was only once and it can't come again and people must think about that but the problem was developer didn't even care.

It could, but i would argue that it will only scare away people who know little about the crypto network, let us be honest, quite a lot of investors who bought that project did so basically cause of hype, and a bid to get rich quick, i am pretty sure most of them did not do their homework/research, they just thought of it as a medium to double their money, and we all know what is likely to happen when investors do that.

Now the thing is this, for investors who have been around for so long, and who know a lot about pump and dump coins, they would not be too worried or scared away, even if they lost money to the project, they would understand that it is the risk one has to take when you invest with such pump and dump project, but for investors who are prolly relatively new to the network and straightaway lost money to Luna, i am pretty sure that could be the last time they invest, at least in a long while, till they do their homework.

Having said that, non-crypto people are not left out as well, all of the news about Luna would give them many more reasons to avoid crypto all together, but quite a lot of them wouldn't understand that the problem isn't with crypto generally, but the particular network you invest in.

The bear market alongside LUNA's collapse will scare away investors within the short-term. Long-term speaking, things will get better as crypto/Blockchain tech continue to take the world by storm. Even though prices are going down at a fast pace, development is still happening behind the scenes. Cryptocurrencies will become much faster and cheaper than before as new scaling techniques are implemented into the Blockchain. With the upcoming ETH 2.0 upgrade, the increasing adoption of Bitcoin's Lightning Network and new "De-Fi" platforms with attractive features, crypto is bound to become Fiat's biggest rival in the future. As long as decentralization prevails in the long run, nothing else matters. Just my thoughts ;D

I think it won't scare investors who want to buy crypto. but on the other hand there will be long-term impacts such as regulation. It's undeniable that for the past few days everyone's attention has been on the Luna problem, and that's why this could be an excuse for the government to make regulations.

Of course not for today's crypto market investors, because we have been through things like this even though we weren't the main victims, do you still remember the case of NXT, or the first big bearish Bitcoin?

What I'm afraid of is how the new potential investors in crypto will respond, of course the news about Terra (LUNA) spreads everywhere, and people who have never been in crypto also know the news about it. If potential new investors in crypto are frightened by the news about Terra (LUNA), then the market cap will be very difficult to increase.


Why not? Decentralization is a system of freedom, and everyone will fight for it. ;)

Some individuals are still stubborn with the recent developments. I think Luna's issue has had a great impact on the participants' perception of investing in financial markets, not just the crypto market. I am very bullish on this market, but my priority is always safety and not the search for instant profits. Everyone will probably be happy or sad with the strategy they follow. Currently, the problem of not having a clear direction from the beginning always comes with risks, and subsequent excuses are only superfluous when all failures do not help those who see the problem of money as unduly important in society. I personally think there will be a significant rebound or growth in the near future, but I won't see this anytime soon and patience has been a factor that has kept me out of the crowd these past few days.

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.

The market is largely unregulated, which means VC, whales, exchanges and institutions can manipulate it how they see fit. Don't get shaken out. Invest in blue chip cryptos, like IOTA, ICP, and 0xMR and hodl until the next bullrun. I think ICP should see the next big pump.

This isn't the first time a trending cryptocurrency goes all the way to zero but with this UST it happened in matter of hours which scared but will make the investors to be more aware of their next cryptocurrency investment over staying away from it completely. However people who went bankrupt probably never get back into while most people learn something from this and become better investors in the future.

It will have an impact, as the news of the crash of Luna was also in some popular newspapers. However, when we get to a new bullmarket again, a lot of people will have forgotten about Luna and will be tempted to become an investor as they think it will be easy and quick money.

in this case there may be a bit of horror because indeed it is like a nightmare. a lot of people did lose their money and there were some news reports that there were people who got depressed and even decided to commit suicide.
but on the other hand isn't this still ongoing and indeed we are also required to think rationally because life goes on.
regardless of anything, this is indeed a disaster but on the other hand of course we still hope that something like this does not happen again in the future even though it is still possible for something like this to happen

I if ask me that question I will say yes, Even if it is small, it has created fear. If I told my word, I will not be investing in any new cryptocurrency other than  or Bitcoin, Ethereum, BNB. Even then, I think the other alt-coins have learned from the mistakes have made by Luna and their stable coin UST .

Nope for the crypto-market, but this will make people scared to trusted with "stable-coin/token" name.

What, people things even some people who don't understand the project itself. They think, stable coin/token value is always same and never gonna down. Witht he recent case of $LUNA & UST make people worried for stable-coin.

USDT is also one of the scary stable token, why? because some people speculation the pegged money is only around 60-70%.

It might scare LUNA investors away from investing heavily in crypto again. It’s best to just invest in the main coins though, there’s always a chance centralised shitcoins can end up this way. Buy bitcoin as often as you can & hodl, that’s the best advice you’ll get. Everything else is a lottery.

To end up like that there is always a possibility for centralized coins, I agree with your opinion and the examples are there too. Investors may hold off for a while in the short term to start again in any coin because of the fall of Luna, not a few people lost, but that's not in the long term, I'll also answering OP question, I think Investors not scare, and will start again to profit from the losses incurred because of Luna, they will Invest do this either on the main coin or in another new trend later.

Many investors experienced losses that varied up to millions of dollars from Luna and UST, I think it is impossible for someone not to be frustrated from the most bitter events of all time, because it never happens that stable coins can fall to the lowest coins, so maybe some have given up on conditions which is unacceptable and expect the Luna project to rise to new developments.

There is some investor Luna committed suicide because of losing a massive portfolia according to social media information. About investment must have the risk of being able to make a down or fear by not wanting to invest anymore. Behind the Luna investor disaster there is a lesson, that mental is the main for our souls not destroyed

I don't think so, it was an isolated case without any effects on other top cryptocurrencies. As long as investors stay away from shitcoins and altcoins which features similar ecosystems of TERRA (LUNA) they will be fine. The LUNA crash was a learnship for many altcoins' enthusiasts to be more careful in the future regards the conceptions and innovations this market offers. Stablecoins look simple, but that is a sensible matter demanding valuation reserve in non-volatile assets or currencies, such as gold or dollar, instead of cryptocurrencies, like TERRA's CEO tried to do.

I think luna showed that we cant believe in crypto projects even from TOP! also I am shocked that stable could fall)) it could be manipulated!

The sudden downfall of Luna will always create negative impressions on the crypto market but that won't stop those greedy investors who will keep coming in the market despite of the current bear season. Well, Luna may still recover in the future, i really hope so. And what we feel towards the market today is only temporary, good coins will always recover after some time.

The Luna Market crash will definitely leave a negative impact on crypto market.  Those who catch the news will definitely got discouraged.



Don't make the downfall of Luna looks the end of the crypto industry.  Luna is just one of the many projects in the cryptosphere.  A downfall of one project does not mean that the cryto industry is doom beside Luna does not represent the Crypto Industry.  There are lots of project that are performing well, delivering the promised roadmap.  You can take Bitcoin as an example.  Even though Bitcoin is at the current Bear market, many countries are planning to adopt it.

People lose money and these people will start to tell what happened to them to the public and the new people will be feeling scared to buy this coin. The domino effect is applicable in this case once someone lose money and others will be feeling bad with it. So many people are also blaming the market but the fact if that's luna team's fault and so they are creating wrong accusations to market as they didn't know who was the main problem in this case. Im sure that anyone know so well about this too

The crash price of LUNA and UST really warn us about the risks of cryptocurrency. But it doesn't mean that crypto-only has risk, actually, it's balanced, crypto has worthy things for profits but also has risks that we must face. And the crashed price like LUNA is one of the risks that we must face.

Btw, in my opinion, there are some conditions:
1. For professional or old investors
No, this will not scare them, but this will warn them to be more carefully, wisely, and smartly in managing the crypto-investment
2. For people who lost much in LUNA
They are the ones that are very suffering, so some of them may be likely traumatic with crypto.
3. For common people
They will think that crypto is exactly scam, as usual

this has indeed damaged the reputation of cryptocurrency market but luckily at the same time stocks market are also experiencing the same thing that is basically losing majority of its value
you’ve seen thousand billions of dollars also fleeing from stock market I guess its just like a crisis around the globe.
if the current cryptocurrency market could somehow recover back, atleast bouncing back to 80% of its former price it could still be saved, otherwise it will have quite difficult time having investment flow.

yes

It's not only scare away the investors from crypto but triggering so many countries in demand to release the regulation for the stable token. This gonna be a domino effect for all of crypto ecosystem. The regulation will become more tightening than before. People are still in demand to get back their money from luna developers. The total tokens in the circulating supply keep increase from time to the time. This pretty similar like time bomb for luna. The crypto ecossytem gets negative impact from the fault that already made by luna developers.
You must welcome regulation for the stable token soon. Luna is the worst thing that i have ever seen and so many stupid people bought this garbage coin

I am sure that the LUNA incident will not deter investors at all, especially if they are old investors from 2018 who have often faced project conditions like this. But for ordinary people, they will be really afraid to invest back into cryptocurrency, surely they think that crypto is a real gamble from the LUNA incident. And the info I got was that at least some people committed suicide because of this, that's what's terrible.

I agree, for old investors will not scare him. there are even among them who still buy luna at the lowest price and earn big profits. but for those who buy at high prices, it will be a disappointed for a long time. and ordinary people who are new to crypto must think that crypto is an investment with very high risk.

there may be a feeling of fear, but not as big as the desire to get a big profit. The average person who buys crypto is aware of the risk of losing their funds, and they can compromise with that because their goal of buying is getting rich quick. You can ask friends or people you know. what is their main purpose of buying crypto like bitcoin, ethereum, bnb and others. most would say to get a big ROI. they know there are a lot of problems like scam projects, hacks etc and they think it's normal.

That not all investors have assets in holding Luna coins so that only some investors are traumatized because they did not have time to cut losses during a decline, but even though they were not actively trading at Luna, the drastic decline that occurred in Luna was the most terrible in crypto history.

I believe because of luna, most of investors start losing trust on crypto market. Cause if top coin like luna can scam, then scamming will be more easier for others altcoins! That was a worst incident and dont have any hope or strategy that could let luna come back to its primary structure. But i also believe, this is temporary, new people will forget luna (except investors) and they'll join crypto market for others altcoin

In my case, I did not invest in Luna and I'm an old investor who has already seen a lot of bad things although this is the worse in one coin, that doesn't stop me from believing and investing in Cryptocurrency I know that the market is highly volatile and old investors like me will not be sway with what happened to Luna, I cannot speak to other investors but we all made profit from one coin to another one time or another and one setback will not stop us.
Maybe new investors will have a second thoughts but this is not Bitcoin where the mechanism is highly stable, compared to this dollar peg coin.

Why?  Cryptocurrency as a whole has seen so many "Luna's" co.e and go.  If bitconnect didn't scare anyone away why would luna.  I mean yeah people who lost a ton in luna might be weary but in general it's not going to scare the masses away.

Such a situation in Luna will surely frighten new investors. Those who invested in Luna ate a lot of loss. This loss will put every person in a lot of fear.I think every investor should learn something from this. One should not invest in something and leave it after making enough profit.Some profits should be sold.

Normally yes, at least it will give a warning for investors to be more careful in investing. Moreover worse by the media that make many new or old investors also panic and afraid of the situation.
Actually, LUNA is one of the top coins, but in fact, even if it is a top coin, it can drop significantly like shitcoin that is crashing very deep, until the price seems almost to be zero at that time ;D
However, glad that Luna still has a chance to rise up although it still cannot rise up significantly to turn to the previous price, it will be very difficult.
The crashed price ofLuna of course will teach us many things, moreover, investors to be careful and smart investing. Investing in altcoins will be always risky, that is why never be all in when we are investng. Diversifying our money into several top coins is good enough.
Moreoevr the most money is used for investing in Bitcoin, this is great enough.

It may create panic especially for newcomers in crypto.
But it won't stop them to invest in this market as there are other promising alts that they can see in this market.
And this will also give them lesson that even a seemingly solid project can crash in this market.
How many times have we seen a solid project crashed, and yet, there are still people who continuously support this market?
It goes to show that even if people are getting screwed by these crap projects, they still hope for the best for other coins.

The level of fear across the cryptocurrency market is extremely high. I think there is no doubt that this is due to the collapse of the LUNA project in the last days. At the moment, LUNA is not able to get up simply for technical reasons. Even if they manage to fix the mistakes in the project, it still have very little chance of rebuilding the previous position on the market. In my opinion, this project is a thing of the past and will never get back on track.

Long-term speaking, the crypto market will gain confidence among investors and traders alike. But don't expect any capital inflow across major cryptocurrencies right now. Sadly, prices are heading south because of the LUNA crash. There's a lot of FUD across mainstream media outlets, temporarily damaging crypto's reputation. If you're smart enough, you'd take this opportunity to buy as much discounted coins (not LUNA, of course) as possible.

I'd stick with the good-old coins (eg: Bitcoin, Ethereum) just to be safe. With every new technology, we're expected to see "hiccups" along the way. As long as issues are addressed, crypto/Blockchain tech will become bigger and stronger than ever. Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better? Just my thoughts ;D

I've tried to find sources about investors related to Luna, for now I don't find investors who say they are afraid, but the losses they experience are there, but they are not saying they are afraid and will not invest in crypto.

My assessment is that investors have considered things like that/risks, maybe they still do it, even though things like this have to happen like Luna.

It's quite disappointing with massive losses incurred by investors of LUNA, I never believe such a crash will ever happen to LUNA a once promising Altcoins, who knows what will happen next to their coin? I believe investors will begin to take extra caution in their crypto investment especially in a new and some an existing projects, non regulations of cryptocurrencies gave rise to many scam projects, the sudden crash in LUNA reaffirmed the fact investing in Bitcoin, Ethereum and BNB is more reliable and credible,  investment in those coins is save and scam-free though profit might not not be in 3x,5x etc. compared with other Altcoins.

Never, there have been more scary cases in crypto history than that of Luna crash and moreover, ask yourself why people are still investing even after the crash, as you can see people are already accepting the risky part of the crypto investment as a normal thing.

LUNA’s downfall that shake the entire crypto market is just like any circumstances and bad events happened from the past few years where it is just giving us a temporary scare. If you look at the great Bitcoin crash of 2018 from almost $20k down to $3k, the bears dominated and won (especially those who shorted BTC all the way). But at the end of the day, Bitcoin rose up even much higher and exceeded our expectations.

Then here comes China outlawing cryptocurrencies that made Bitcoin go down from $50k to $30k, but eventually got back up again much stronger and closer to $70k. So LUNA’s downfall is no exception. The entire crypto market would eventually come back stronger again as I have already started doing DCA with Bitcoin recently.

That can happen because I believe some LUNA investors are beginners who seek advice from people who want them to join LUNA. Actually it's not wrong because LUNA is also a good coin initially in the top 10 coinmarketcap positions, but who would have thought it would turn out like this. Some people must be stressed, some media, even tweets that someone has committed suicide because of their loss at LUNA. If they are newbies who are still surviving I'm sure they will be traumatized to invest in cryptocurrencies.

I have seen the Bitconnect scam years ago and I have witnessed the crash of BTC down to 3500$ in match 2020 due to CovID19 so this Luna crash isn't even big enough compare to what have happened in the past, we move.

Yes but it will be temporary and after few months, new investors will come again and invest into crypto :).

Those who invested all their money into LUNA and lost all of it are the ones who are affected the most right now. There's a chance that some of them will not invest into crypto again, some might try to invest only into Bitcoin and Ethereum only and some might just restart again and invest into safer projects.

Overall, this incident will last for a few months but after that it will be forgotten like what happened to Bitconnect and Centra. Nobody is talking about the 2 projects anymore and it will be the same with Terra and LUNA. There will always be new investors that will come and some of them will just ignore what happened to Terra LUNA and just focus more in investing safer coins.

Bitconnect's ponzi scheme is way worse than what happened to Terra. Just imagine a coin from $400 to now less than a dollar :D.

Temporarily maybe, but over time people will still come back, especially if the market is starting to be bullish.
We have worst news than this in the past, but the market still survives, the biggest was on the exchanges getting hacked, and the market dumped because people panicked, but as I said, it still recovers over time.

So think of this, crypto has matured already, panic is normal but this market is not going to die as it will grow more in the long run.

Yeah, I think the depeg and exit scam frightened off a lot of investors. A lot of people are back at square one collecting airdrops and bounties, like the one from Candle Chain and some on coinmarketcap and dappradar.

No!
 - It was because not all investors are investing in Luna and these people will never be worried about what it happens with this project as they don't care about it.
 - real investors, institutional investors aren't just focus on a single coin so they can easily move on and recover any losses. Might thos be hard for small investors and have worries to try again but never I think this will give influence to the other and also with the market development.

The first warning for the owners of algorithmic stablecoins was from the Waves blockchain and its USDN stablecoin. This was followed by the collapse of the UST stablecoin. And now we are witnessing another drama with the DEI stablecoin, the price of which has dropped to $0.86. And if the owners of other algorithmic stablecoins do not learn a lesson from what is happening, they will be next.

It was believed that the Mt. Gox hack would damage crypto's reputation for good. Yet, here we are with many countries and individuals supporting crypto/Blockchain tech every step of the way. The same situation might happen after Terra/LUNA's collapse. Things may look dark for the crypto industry now, but in the future, everything will be much better. We just have to persevere in order to obtain great results in the future.

Bitcoin's been standing strong after all these years, so I'm confident it'll grow into a much bigger force within a decade from now. Haters will always criticize the revolution, but believers will keep on building in order to make our world a better place. Who knows how decentralized finance's future will be? Just my thoughts ;D

There has been disbelief from investors about crypto investment ever since the luna price crashes started.        What happened to luna is an unspeakable incident that will only take time to be forgotten and heal from people's hearts. It is unfortunate that many investors globally got rugpulled unexpectedly.  Investors are now taking their time to heal from it.
If Luna's recovery plan works out fine(buyback and luna burn) it will bring investors' hope back into the cryptosphere. Let's be hopeful for that. At least to see how the turnaround would be in the price of the luna coin

What happened with Luna  has already damaged the confidence of market participants, money is flying away from crypto market which is evident from declining marketcap and certainly it will scare away investors in the short to medium term but in the long run people will forget because human memory is very short. All markets have seen crash, long bear cycles  and recessions but after sometime process of recovery starts,

Depending on the severity of the crash, people might never forget about Terra/LUNA's scandal. There were billions of dollars on the line, which all went away in an instant due to the irresponsibility of the Terra team. Unless the UST peg is restored and LUNA's price goes back to normal, it's going to take a long time before confidence is regained on crypto/Blockchain tech. At least, Bitcoin and some other "blue chip" coins are standing strong. LUNA may fade into oblivion, but another cryptocurrency will take its place in the future.

All in all, I think decentralization needs to win for crypto to last a long time. For now, let's focus on accumulating BTC and other prominent alts to achieve peace of mind in the future. Just my thoughts ;D

I will not disagree. Even though I started keeping my eyes on the market very carefully then, investors must have gotten scared and panicked about the situation, as it was supposed to be that way in this specific situation. But then I knew it would be going back to normal in some days. That's how I was preparing my mind.

It was a scary incident for everyone who connected with crypto market even for them who didn’t invest in luna. Luna and ust downfall make investors scare as we can see how a top coin can destroy like this. So it won't be a big deal to downfall for a normal altcoin! With this though, investors are in tension but this is temporary. People will be out of scare after somedays but i don't know how to get rid of such condision in future

this certainly scares some investors, even people who hate crypto again say that with the fall of LUNA, it proves what they say. however, I'm sure enough people panicked to sell their assets when the price of LUNA fell. however, it was indeed a terrible thing. it's just, I'm sure that this can be a development for the next crypto. in fact, until now there are still quite a lot of investors who enter the crypto world. maybe quite a lot of people are afraid, but to be successful in the investment world, things like this are things that need to be understood, that there will be quite a big risk. crypto is the technology of the future, that's why it will survive.

The LUNA team committed a big scam. The airdrop must be for all UST token holders both before and after the attack. Luna tokens were distributed only to owners of UST tokens before the attack, who used their tokens in Anchor Protocol. Holders of UST tokens before the attack did not receive compensation for losses.

You're in luck. Since you posted this the market recovered and there was a Luna v2 airdrop. There is also a CNDL bounty, which is a great way to recoup some of those Luna losses. Next time do more research before investing. Only invest in projects that have real world usecases, not stablecoins with ponzinomics.

Of course the money people have lost from Luna will scare people from investing for the rest of their lives.This is the first time in my life that I have seen such a popular and the best coin of the year being scammed.I've never seen anything like it. Luna answer will intimidate every investor and deter people from investing

I don't think Luna's investors will deter or scare people from wanting to invest in Luna, but suggest that we should be careful when investing in Luna and consider before rushing to make instant profits. The luna coin no longer has the trust of the community so it would be easy to drop the price at any time before the luna holder loses even more.

Interestingly, I disagree with this. I do not think that they scammed anyone, I do not think that they are bad people, I just believe that they are morons who couldn't protect the money they were given and they just did stupid things.

Maybe I am wrong, and they actually did scammed people, maybe Do Kwon is a bad person who stole your money, but to me it looks like they tried something and did it legit and ended up losing a ton of money while doing it and other people scammed them out of your money. It is like a bank getting a bank robber, the bank is not the responsible party there, the robber is, but the bank lost your money, so you would be angry at the bank of course.

I think that the fall of LUNA will not scare away any investor from the market, on the contrary it will attract more towards btc because they will consider it the safest of all investments, it is clear that they can establish some altcoins as the best refuge options when BTC is trending bullish and want to do maybe a 2x, 3x, 10x in the best of scenarios, but those who lost with LUNA know very well that they were exposed to the fact that something like this could happen, in fact any cryptocurrency can happen, and it is very minimal the option that BTC happens something like that because there is very strong institutional investment.

Some investors who are new to cryptocurrencies and are recommended to invest in LUNA must experience severe depression and trauma. With that incident I'm sure some of them really think cryptocurrency is a big scam. But in fact they may not have researched the big risks of investing because they were only consumed by the talk that was in LUNA who bought at the initial price.

Many beginners are very frustrated and traumatized by the loss effect of Luna investment, so it is very sad if any other investors suggest investing in risky coins, I think they should find a professional mentor for investment advice on potential coins like BTC and ETH.

It's very hard to swing from "they're just incomplete" to escape all the responsibility and potential of "doing it intentionally". No, I don't believe the Terra/Luna team. They realize they can just turn off Luna's minting right away when UST loses its peg. But they don't and only after many times of Luna's minting, making Luna lose 99% of its worth then they stopped despite many people telling them to do that at the start. The case of Luna will scare away investors from the crypto market since we now have some more clever tricks of self-sabotage, an exit pulls far better than those 'inside hacks'.

Yes, going through luna downfall i see more people starting to go back to bitcoin than trying to make a quick profit from altcoins and shitcoins. Luna was an expensive lesson that many had to pay. Cryptocurrency is really risky and it becomes even riskier if you invest in a currency other than bitcoin.

In terms of hard learning process, those who lose from Luna will now realize how quick your money will be liquidated if you don't analyze that well, the dumped that take place is reality, there's no easy access to success, everything should be taking into account that if you invest with good and solid asset like Bitcoin, the chance of gaining as passive is possible while aiming for quick profits using alts always have this kind of high risk.

It is hard to admit it but that is going to be the case that happens if ever the first investment that they picked up is luna or not just luna but any other cryptos that can end up on the same path as luna. We are lucky because by the time we enter here, there are still less scams and it was bitcoin is the one that we pick up first.

If ever there are crypto enthusiast around the people that invests in luna, they can give comfort and educate those people that it was possible for crypto scams to be avoided and not all cryptos are like that that can heavily collapse. Let us only hope that the second time they come back they will now choose the right coin this time because if not then they won't give cryptos a chance anymore.

I would admit that the LUNA's downfall has created fears in the market especially for those newbies who are only thinking about money making, and this scenario gives them a big lesson. However, i don't think that this will totally scare away all those who plan to invest in crypto because not all coins have the same fate with LUNA, others have succeeded while some ended up in zero value. Just like bitcoin, no one can tell that this could survive even a decade, but here it is right now, still standing firm and its far happening from its downfall.  I guess its a matter of positive mindset and the right choice of coins.

That's totally unfair. Without taking into consideration all UST holders, the crypto project will quickly lose investors' confidence. I've seen investors' reactions towards the new Terra 2.0, and I have to say they're not pretty good. Without solid backing from these key players on the market, how will the project succeed in the long run? I hope the LUNA/UST crash won't scare away investors from other cryptocurrencies, or that would mean the end for this exciting revolution. At least, the negative effects of the crash won't last for long. As long as decentralization prevails, nothing else matters. Just my opinion :)

yes, you are right, crypto users and investors today will not be afraid of the market because of the fall in LUNA, even with the decline in luna, crypto users are more inclined to invest in coins that have strong fundamentals such as BTC, ETH and BNB, but everyone is only wary of tokens that have a low level of stability, and it's best to avoid coins or tokens that are still in the development stage, and certainly won't repeat the same mistake wanting to re-invest in a new version of LUNA.

you can call it whatever you want, but it's a scam. The best traders earn 20% per year, the best traders in the world have earned about 20% per annum for over 20 years in a row.
Why did this project promise a 20% annual reward in stablecoins? For getting UST you need TERRA coins. Demand for Terra is growing at a tremendous pace, so you can promise a profit of 100% per annum, but the bubble will burst anyway.

Well, that's not far off from happening to every alts in the market. One greedy mistake from the developers/founder that mints millions or billions of supply, that would always cause a tragic fall. What happened to Luna might happen to every alts in the market.
Crypto investors has no reason to be afraid of investing in crypto again if they understand the risks lies after they put their money into it. Only those who has no basic understanding how crypto works will get afraid of what happened to Luna.

I don't think what happened with Terra/LUNA was a result of greed, but rather bad planning from developers and the founder. They tried to save the UST peg, but increasing LUNA's supply did not help. After things didn't turn out to be as they hoped for, a new chain was proposed aiming to bring a fresh start to the project. The community disagreed with the fork, yet developers (and the founder) continued to carry on with the same. If they would've listened in the first place, perhaps Terra/LUNA would've been sitting among the top ranks in market cap by now.

Something similar might happen with other alts if developers are careless. There's a reason why Bitcoin is still the #1 cryptocurrency in the world. While other coins lack decentralization and are often hyped, Bitcoin provides a sound financial system that delivers as intended. Who knows if 99.99% of cryptocurrencies disappear (LUNA included) within the not-so-distant future? Just my thoughts ;D

Maybe i would agree a part but bitcoin is the only crypto which i have trust and also the only hope on the market beside luna crush people now will learn and aware of such kind project and will also reserch before investing there hard earn money.

I guess LUNA's investors have already left the project because many are losing their money while investing in it. They do not want to have another loss so they take their money away and search for another project which can be profitable in the future. The project itself seems can not sustain and raise after the bad things happen. I was one of the previous investors but I had already sold my LUNA at the middle-high price and used some funds to buy back at the lowest price. I am willing to see what will happen later and can accept anything that happens to that project.

Luna crash has already given enough damage to the market which is evident from consistent bearish trend after this unfortunate incident. Honestly speaking it has scared away Investors which is  visible when we look at declining coinmarketcap that simply means capital  flight from crypto market. Market participant fear further crash in many other projects like Solana and even stable coins are vulnerable because all of them are not fully backed by Fiat dollars.

The collapse of Luna sent the entire market into a state of panic, no one could have imagined that a potential coin was born and developed for many years and today it has achieved brilliant results and collapsed almost completely in less than 2 weeks.
This has been a real shock to the crypto industry and I think people are starting to be more cautious in their investments. Luna showed us how even a good coin can collapse at any moment.

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

That is true, it is a hard lesson, but a lesson the whole market needed to have. I mean we started to trust things just because they are high ranked for years now because of the bull run. Now, thanks to Luna and UST crash, people are not looking at even top 10 as a sure thing, nothing is guaranteed anymore and that matters a lot.

I believe that we need to provide something to the table that makes a lot more sense. I know for a fact that it won't be easy, but if we adjust to "anything bad could happen" mindset, then we will take a lot less risks, be a lot more long term, and be a lot more patient with the markets and make a ton of profit.

If you're an old investor and you lose when it crashes and you invest again that's double jeopardy for you, Luna is crashing and Do Kwon is being summoned by SEC and the Korean authorities, it's obvious where they are heading, they are heading to their downfall, what happened to Luna is unprecedented and people have now something to watch out, and that is a sign that another coin will head the way as Luna went, so better check the developers of the coin/token you're holding see if they are manipulative and hard-headed like Do Kwon.

Maybe just think about that never to hold any alts way below the top 5 on the market because we already see how Luna wrecked by the attack and this could also happen to any other coin so we should always think about selling when in profit rather than holding it continuously which can give us bad taste just like what we see on supposed to be a good coin and stable one manage by Do Kwon. Now for sure its very hard for them to recover because many investors lose some interest to them already.

The damage has been done so I guess it's already over for Luna. The investors won't trust them again because of what happened and we can't blame them for that because they have lost a lot. However, I don't think it will stop old investors would get rid of investing with other altcoins because of what happened. Old investors experienced things like these before so they already know that it's part of the risk of crypto investment.

Absolutely because it's a negative issue thats why it can affect the investor's confidence and mindset, but I think it's not permanent because it's not the first time that something happen like this, so it will return and back to normal after the Luna issue will fade away.

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.   

I think that's always to be a case when you cannot really understand or show the fact why it happened in the first place, hearing about the negative news would cause an outcry to not invest in it anymore. When there is more positive news, definitely it will be forgotten and would be a reason to come back to cryptocurrency again.

You should look at it from the layman's point of view. If you don't know anything about cryptocurrencies and then you are risking money to invest in something like this, it would be really challenging to overlook a big issue like Luna. It's not going to be a good thing if you don't know or study anything about it. It's going to be hard to and they might get scared of it happening to them again.

oh yes of course investors will be afraid, I also invested in LUNA and lost 99%!, from $ 1000 to $ 1 only,
how? don't you feel afraid if you experience this incident?, especially now that LUNA has a new token, LUNA 2.0,
haha this is a bullshit coin! and I'm really away from him

While it is disappointing that a coin that turned out to be nothing more than a scam can have such a negative effect in the market we need to accept the reality, the disaster brought by Terra Luna is not something that is going to disappear anytime soon and it will be forever remembered not only in this market but in almost any other market.

And while I have not promoted to others the benefits of bitcoin for a long time, this event has made many times more difficult, for those that do to try to attract more people to this market, to convince people to join it, as they will see what happened to Luna and they will think such a thing can happen to bitcoin as well.

Always Set a Plan B or C or even more whenever you do make out investment because not all would really be a successful one which means that you do need to have some good plans on how you would gonna

handle yourself on various situations.Does LUNA incident will really scare away investors? No.... We've seen lots in the past and some of them didnt still learn from those past mistakes
thats why they do continue to play with fire or into those projects which doesnt even have that actual utility or potential or simply being driven with hype.
I dont know on what they do really love to consider it out.

There is definitely a perception out there right now that 95% of the coins out there are just a white paper and "team", plus some bad copy and paste code, with nothing tangible or worthwhile backing them. At least Bitcoin, Ethereum and a few others are actually used in commerce. Similar to the great Altcoin collapse of 2013 when the vast majority lost 98% of their value. Some of these coins honestly have even less going for them than say a Feathercoin or Sexcoin particularly all the truly asinine attempts to use a blockchain where decentralization is not needed and there are vastly better solution to the same problem; i.e. all the "web 3.0" garbage.

You have a point here and it is a fact that majority of the projects in this space are simply pump and dump and are here for the developers to make money when the market is fairly new and that is why we see more tokens and projects popping up on a regular basis and for a while the Luna debacle will scare away investors especially new ones who lost a large sum of money and then there are many who lost every profit they made during the rally this time around and what i found interesting is that there is a serious thought about how trustable these stable currencies are.

It was very unfortunate that some people committed suicide because of huge losses which they could not manage to handle and their depression reach to the level that they finished their life. I deeply feel sorry for them but we should always keep in mind that no investment is risk free and  markets are always very cruel so we should always use stop to limit our losses and and I firmly believe that any trading or investing in crypto or stock market without using a stop loss is nothing but gambling so always use risk management tools.

Did anyone of you see that tweet and became a trend on how much Do Kwon has been cashing out all over these past months? It's $2.7 billion of dollars that he has taken into his exchange accounts. But with the news that I've found, he's denying the claim. Well, you're gonna think of it where the money has gone through when it's just falling into pieces and the new version of it has fallen together with the market.

He might be just playing the victim here but in the reality, he is smiling behind those fake tears. People should really ponder upon this incident if they wanted to preserve their crypto assets because, in the blink of an eye, they can lose all of their hard-earned crypto from trading or from their own life savings. Looks like this will be a headline for the rest of the month since the so-called 2.0 LUNA still failed to gain momentum and it is falling.

We can't tell exactly what was happening but let's just accept the fact that someone just made a profit and that's the risk of investing in crypto. People should really learn how to minimize the risk and stop being too greedy because there are always whales at the top of the market and they can basically just eat you whole if you keep on holding in a hyped driven coins.

It does happen in the past already but people seem to not care or maybe they just getting too comfortable seeing how bullish the market was but it has all an end, it's just that some of us didn't expect it.

This is an expensive lesson for everyone, not all top coins will be safe, they can drop at any time like luna did. Secondly, investing in cryptocurrencies is very risky, the luna crash caused a lot of people to die from losing all their assets when investing all of them in Luna. So I hope everyone should invest only with money that can be lost without affecting other people as well as our daily work.

The new version is still another exit strategy of Luna and I guess they already know that it couldn't save the original version of it. Wherever they took the money, it can't deny the fact that Luna isn't trustworthy anymore but there's a part of what happened that we can't blame because we're really on the bearish market and everything has fallen. The investors got no choice but to move on but they can't expect anything from Luna again after the bearish season.

The LUNA crash is really putting serious investment senses into people in the Cryptocurrency world nowadays. And it is scaring the new ones away. Many have taken the little profits they are able to gather to invest in gold and stocks until there is a green light for the next bull run. We were already entering the bear market but the LUNA crash accelerated it and dipped its effects on almost all of us.

It's better for all of the followers and investors of Luna whether the classic or the new one, everyone must stop supporting and dump it all at once. There's no hope anymore for this project to get up and even it will release a version 3 then that's making things clearer that you people have been trying hard and sad to say that he's just sucking all of your money.

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

I agree. I believe investors will pay attention now to investing in other projects or maybe future projects that might be built like TeraLUNA. I think it was a terrible experience for those that had their investments there and I am also now concerned with this new development with the Celsius Network too, pausing all withdraw, swaps, and transfers. Hope we are not going to have another case where investors lose funds cos that will be one too much for the crypto space. 

You are right,
I have in the past participated and took profit.
1 person (do kwon) is indeed the influence of teraform and the originator to bring some improvements.
I didn't go down twice. Look at how broken it is now bro. Maybe it's not right when all the coins don't know where they are going.

with the first incident, investors did not give up and continued their empty dreams. But for scalpers it might not be too deep.

If it's a current exit or sell risk, when people are buying 4 times higher than they are now, and maybe a few weeks ago, that would be pretty pathetic.
but when it comes to new entry it is possible to limit movements in the luna market.
the developer is no longer acceptable in my logic. Even though it offers several advantages and prizes for the holder though.

It will immediately become an example for all new blockchain developers as well as old blockchains because running an existing blockchain also requires care from the team in order to have good durability of their cryptocurrency products in the market. So that's an example for everyone now, especially for new project development team as well as old projects.

Yes, it was done, Luna has turned to scam and even the devs will come up with another way to rebuild their reputation, yet it was ruined already and investors will never forget about it. In fact, they used to have forked but seems it never change the mindset of the people, it still dump and get worsen. I'd never know if there is someone who can afford to hold Luna, I guess everyone is moving out from this scam project.

This is just rear, Luna has been the first of this kind, see other altcoins, they plummeted than bitcoin but still holding good value. Altcoins investment are always risky, it is good to use only the amount of money that you can be able to lose and never think about and that will also never affect you because altcoins investment is comparable to gambling.

It can be said that Luna has made a big negative impact on the crypto market. The market was in a downward spiral when Luna crossed over. As a result, the market get down drastically, which make a big impact on the market. There are lots of investors are proletarians economically. New investors are terrified of the situation that occur with luna. This is definitely a big push in the history of crypto currency market.

Unfortunately denial is another stage of going down. There are tons of people who are in denial that the project they trusted so much crashed, and there are some who completely left crypto all together because of Luna as well, which makes absolutely no sense.

I remember a person who wrote on local boards that he invested 500 bucks and had 30 cents left, and he said ALL crypto is a scam and left, and used the crypto prices going down as a proof, like how bitcoin is low right now. I am sorry, but that is just ignorance to me. So, both sides are terrible, do not hope the worlds from luna, do not leave all crypto because of luna, find the middle ground.

It's simple explanation I think. People just lose their trust to the project and wouldn't work to that project anymore so it is not surprising that the new LUNA will never go above $10 in my opinion and even if they say that it won't happen again, it is much better to be safe by not buying or investing to that project again after all there's a lot of other coins you can choose from, right?

If they are not open minded and only believe on one side then that is going to happen but if they are open minded and willing to consider others' opinion, they will know that not all cryptos are the same, that not all are faulty or scams.

For those who invest in luna, they are lucky if they can still get something out of it but that would be the best thing that they can do than wait before the price completely turn unto zero. Gold and stocks are much safer compare to it but like I said earlier there are still other good cryptos out there. Why not go on them instead of gold and stocks? As the potential to earn is much bigger when the bull run comes.

At that time, actually, the sudden crash and decrease of a top coin like LUNA really bit our hearts. How can a top coin become that shit coin only in several hours? But this is crypto market where everything can happen. Of course, this will become warning for us that we don't need to invest in shit coin. We need to elarn much on this elarning.

If they plan to invest into another new project, I guess that will trigger their decision either not to take the risk. But if they are focused on investing bitcoin and decide to stay away with new altcoins, most likely they will not be affected at all. After all, losing in the crypto market is always inevitable because there’s always risk involved even in bitcoin investment. But if you invest into proven and established coins, the chance to lose is very slim.

Yes, of course the fall of Luna has intimidated investors and individuals in cryptocurrency. People are now afraid to invest in the coins that Adars has The market has suffered a lot due to the Luna scam.Those who invested in Luna coins have suffered a lot. I was also a Luna holder.I've suffered a lot from here. Considering my situation, I can say that people have lost the tendency to invest.

It did not 'turn to scam' though. It was already a scam from the beginning (look up Do Kwon previous project before Luna). Exact same mechanism exact same depegging exact same exit.

So this Luna 2.0 is at least the third time he is scamming people,,, as I keep saying often. Shitcoins are shitcoins. They do not turn to scam,,, they are scams from the start just waiting to happen!

Yeah, he's not really going to do anything like this. He's made money out of people's mone so why pay the damages that he has done. Let the government of South Korea deal with him and charge everything that they have to charge against him.
Kwon have probably planned all of this, he made a hype by purchasing continously of bitcoin before the bear market and that sure made him fame but he's got a dark plan behind it.

Not 'not really',,, just never. He has already done this before. Why would he change his plans and be good all of a sudden when he has already made so much money, just like before?

I keep saying he has done it before, Luna is not his first scam, not even the first new scam. He did it exactly same in 2021, and again in 2022 with new project and now a third project (at least that we know about).

Get out. Move on. Leave this guy.

They scare away investors but worse, they also show people that cryptos can easily be attacked or triggered to collapse. Cryptos are mostly based on trust and belief. If investors lost their trust and belief in one or two projects that deeply integrated with the cryptos ecosystem, this could lead to the downfall of the others and the market as a whole.

The sad part is that I still see people taking a big leap of faith hoping that he's going to be the good guy. These people are hoping for nothing and they should have just leave him and accept that the money they've invested are gone forever.
It's hard to accept that fact from these investors especially if they've invest huge amount of their savings and they've trusted this con until he had shown his true self.

I think this is more of a lesson for investors to never trust stablecoins unless they're fully regulated by the government. Just because the UST stablecoin was offering high interest rates to "hodlers" doesn't mean it was a good long-term investment. Only regulations can guarantee investor protections. While the crypto market will continue to decline within the short term, it's likely it will recover after the dust settles. Behind the scenes, crypto/Blockchain tech is being heavily developed to become bigger, faster, and stronger than ever. As long as decentralization wins, there should be nothing to worry about. Just my opinion :)

The sad part is not that people believe guys like him can be good. The sad part is that most of these people actually knew the risk and knew they were part of a bubble,,, and just wanted to get in and get out before it popped. I mean come on 20% APY on stablecoin,,, was that not a sign it was a ponzi?

I think I feel sorry for newbies but the truth is a lot of investors knew it was a gamble and got in thinking they could outsmart others. Unrealistic profit comes at expense of others. People must know this.

All blame could not be just put on Luna their are many fomos in the community right now, even in this deflation, price of everything is touching sky people are forced to withdraw money from crypto to fiat to fulfill their needs. Tron's pegged token is also at .98 or something near it from last few days, usdt news about extending supply is also a reason that people no more trust this mechanism, infact it's remains only busd which took place of everything, So in crypto ups and downs are temporary, leta see what comes next after this difficult time.

The effect of LUNA downfall scared the investors to some extent in my opinion because when a trusted project collapse it affects the market badly and the trust factor in the crypto market is also affected. Now we are seeing a huge drop in the crypto market after the LUNA collapse but I won't blame only LUNA for this there are some other factors also. The fear factor is very high most of the investors avoiding to take risks but my opinion is different we never expect that BTC and Eth will crash to the current prices now I am not expecting more major drops in the market so for investors it is the best time to have gems of the crypto market so guys we should take the benefit of the current market.

Exactly. But people were too greedy to ignore the facts. As long as money talks, nothing else matters. It's unfortunate how Terra/LUNA's events led to a mistrust in crypto/Blockchain tech. Investors got scared after the so-called "stablecoin" lost its peg in an instant. It's going to take quite a while before confidence/trust is restored into the crypto market as a whole.

With what happened with Terra, and now Celsius, prices for major cryptocurrencies will decline like crazy. I don't think the new iteration of Terra (Terra 2.0) will be a success because the team failed to meet with the community's demands. How would you expect a cryptocurrency project to survive if it lacks community support? May the current bear market serve as a cleansing period to wipe out the bad projects for good. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts ;D

Or maybe the word trust is no longer attached to this project. There might be some who are willingly take the big risk and continue to invest. Trying to buy and sell while the market movement still wild, but solid support from people or investors who are willing to wait for the development, it's a big question if there are still old support that will continue to trust the team after what happened to the value of this asset,.

The fall of LUNA plunged many investors into a financial hole and it will be extremely difficult to restore confidence, as many lost a lot of money on this fall. Against the backdrop of a sell-off in the cryptocurrency market, other altcoins and stablecoins also suffered. Although such collapses of large tokens in the crypto market are rare, the fall of the UST stablecoin will undermine the credibility of all other stablecoins, even secured ones, and this threatens capital outflow, which we are now seeing.

Currently peoples life is at stake now those who used their live savings to invest in LUNA might commit suicide seeing that $300k worth of investment when down to nothing and you think those who were victim will encourage their friends and relatives to invest again?
It is simply No because from the tragedy none can control his emotion maybe some may, looking closely this could be the drastic fall of the crypto market since investors are trying to secure their funds.

It so happened that in the history of the development of the crypto industry there are a lot of such stories as with Luna and UST, it’s just that all this is forgotten over time, especially when BTC and other cryptocurrencies grow in price and show new heights. As for my opinion on the situation with Luna and UST and will this situation scare off investors? Here I see it like this, part of the investors will conditionally leave the market, but this happens periodically, but as soon as the bulls enter the market again and the flight to the moon appears, the crypto market will again acquire a new one, maybe even more investors. It has been so in the past and it will probably be so in the future.

the LUNA incident really happened quickly, in just a few days the LUNA price fell to 0,
of course this traumatized investors and traders to enter the world of crypto currency,
and it really surprised me too, because what I see is the first time

I guess that one of the "LUNA" lessons is that even top ten projects are vulnerable. Always diversify your portfolio and add small cap hidden gems to top coins/tokens. Never invest all your money into one project no matter how "solid" this project may sound

Anything related to bad news or catastrophic consequences surely affect the whole industry. After Luna crash investors didn't liquidate the investment position that caused recent market decline. The main problem is trust on newly launched projects and investors don't want to risk on new coins instead of making similar ROI on top cryptocurrencies. Anyways, Luna was expensive lesson for us and we should remember the risks before trading confidently based on previous trading experience.

but people can easily forget. how many crashes and dumped that we've seen in this market? countless times. so for me, the luna scenario will be one of those failed stories but it won't stop for people to invest in this market.
now, they can reduce their losses if they will have better metrics of choosing a valuable project. much better if the platform has working use case already, with many clients on board.

For those who had been affected badly on certain projects and causes for them to have financial problems then it's pretty sure that they wouldn't be going back on investing since they do have that bad experience but it's true that people do easily forgets and tend to invest once again whenever they do see again some opportunity which they do seem that they could really make money or profit in short time which is something not surprising.Luna incident is just one of the hundreds of scams that happened into this market and people never ever learn.

I personally was so provoked to see the fluctuation of Teraform at that time. And until now (down several thousand %).
You are right, there is no way I myself also dwell in adversity.
even the investment risk in the real world is the same only the ratio is different.
for now the few luna i left behind let it be a memory that the classic luna once topped the $100 price tag. lol
I think there are also those who have given up on new projects, some are brave only for daily profits.
today not seen what tokens or coins are worth buying.
I don't give up and want to continue trading whatever type of coin (asset) it is.
the market is still too steep and the analysis of course can be done by anyone.
wait for the momentum to buy simultaneously in the market.

The crash has even caused many big management fund and famous altcoin project gets shaken their holding/reserve that usually includes luna since it's one of the highest ranked altcoins back then.
Its enough to make most so hesitant in investing and kinda shows how cryptocurrency regardless of the rank is weak against such massive crash.
As you could figure out, the luna v2 value is also going down as the time goes, it means no one really trusting luna even with their new luna.

I absolutely think that Luna’s downfall has scared off both retail and institutional investment into the crypto market. I think the collapse was probably due to whales dumping tokens and leaving retail traders like me with their ass hanging in the wind.

Personally my portfolio is still heavily weighted in BTC and a bit of Doge so I think over the long term I’ll be fine. Certainly coins that were tied to Fiat weren’t as negatively affected by the volatility. At bottom, my assumption is that many traders lost confidence and may still be hesitant to get back into the market after what happened.                                                                   

It will make people more research. Every time, someone gets scammed, education is done.
Because some coins are high risk and based on unsafe foundations.

But some scams have also destroyed market value, when prices went down. Much money was destroyed and it will take time again until it's going up again.

Many investors are angry with the LUNA/UST collapse, so it's going to take a while before confidence is restored into the crypto market as a whole. There's a lot of negativism right now, leading major cryptocurrencies like Bitcoin and Ethereum downhill. I'd say the Terra project is already doomed, because the team failed to meet with the community's (and investors') demands. Instead, they listed to the validators by making a new chain from scratch. Money was put above the community's interests.

You can already see the new Terra 2.0 coin struggling to reach the "double digits", so it's likely the project will fade into oblivion as people move on to the next big thing in crypto. Who knows if crypto emerges bigger and stronger after the LUNA/UST crash? Just my opinion :)

I think when the terra project tries to recreate a new coin which is currently called LUNA and the token that was previously LUNC then it will still not be able to give trust to investors and whales again, the founder of terra in my opinion is very lucky because it is still alive and well. do not run into hiding because there are several other projects that have developed well and one day collapsed, causing the founders and developers to leave the project.

I think all the projects developed by Do Kwon are not very interesting anymore and it's better to try other altcoin projects and make this terra an important lesson that cryptocurrency has a very high risk.

The truth is that I don't think it drives them away, because most investors who put money into any altcoin know very well that the price can bleed a lot when BTC falls, it's normal, of course the fact that everything has been dumped is alarming and those are the dangers of investing in altcoins, for me the best investment, the only one that will never disappoint is BTC, for me BTC is the currency that no matter how much it falls we will expect a big price increase, in fact I am waiting for BTC to rise to at least $100k, or even higher, I think the market has to mature a lot of fundamentals, panic and that is only achieved by whales.

What is happening with the new version of it is only an attempt to silence public opinion and to make them be patient with those who lost their savings because of Luna, including the trading platforms themselves that must list the new currency in the hope of recovering as much money as possible which They lost by the Luna collapse.

Yes of course, many investors has been affected by this LUNA case.
Im sure there are many people bought LUNA, because the market cap is already big before.
Many people are afraid that USDT will end like UST, it will lose value far from 1:1 with USD.

The new version is the other way of the developer to milk the project aside from what you stated.  It is obvious from increasing daily emissions to forking the original chain of Luna.  The airdrop is just some strategy to shut the complaint up while abandoning the holders of the old chain supporters.


I agree the airdrop is to make old holders feel that they are being reimbursed but the result was really a joke.  They are giving old holders a token that is made out of some code with unknown value in exchange for their huge money losses.

Through different ways the team have been trying to gain back the trust. This isn't possible with the team anymore, because the loss encountered by the investors were very big and what they have got back is nothing through the new project. This restricts new investors think twice or thrice before getting into cryptocurrency, because when such a huge loss happens we can't claim to some authority.

The truth is that a second LUNA or LUNA 2.0 is something that no longer works, this is the same thing, investors will no longer have the same confidence in the currency, I think they did it wrong, they should have assumed the loss or the dump so impressive and let it die, I think that here they played with the expectations of the investors, it seems to me that it is even worse, they should have distributed the money that they had left among those who were the hodlers, if they really had a list of the hodlers.

indeed very many investors suffered losses due to the fall in LUNA prices, but I think the decline will not affect the mentality of investors, of course profits and losses are something that is very common in crypto so they will never be afraid to invest other coins , but they will never trust again in the next LUNA development, in fact they will be more aggressive to return their money by investing other coins that have good potential.

The investor mentality did not collapse, but on the other hand they were also disappointed even though they had to keep investing in other coins in order to recover from the loss of money through Luna that they had experienced. But believe that investors will not immediately believe in new projects anymore and this is a very detrimental thing for new projects now.

LUNA scares away and triggers a sense of fear in every investor I know. That once a crypto crash, there is no point of return and you could lose 99% of its worth in less than a few weak. This led to a massive sellout and forced the site with 'swap, earn, borrow and send' model becomes risky. Many of them have already halted and freeze withdraw cite to the market uncertain.