Bitcoin Forum

Am I missing something in the market news?
I was Airdrop 10.5$ worth of btc for a task I won in twitter used the money to buy the new Luna on Binance which was less down 48hrs now.
Just logged in my Binance now and am seeing a massive gain. 10$ is currently worth 28.7$.
Were is the pump actually heading to, should I take profit now or hold?
Just asking out of curiosity, u really don't trust this Luna again despite how small the initial capital is.

You can take out your profits dude and HODL an amount that you can lose in Lunc, these profits are caused by the burn that led to a decrease in the total supply. I do not see that the Lunc coin is a good investment in the long term, only in the short term. You can invest in it and get your profits out constantly because it is really a coin that is not guaranteed and there are thousands of people who lost their money and lost their trust in the Terra Luna team, so I do not advise you to risk unless you have additional money excess of your needs.

It seems that the platforms have succeeded in making up for their losses.

Yeah, that's what I thought from the start. Platforms will support the new currency and push the price up, deluding people that the currency is valuable in order to sell what you own from the collapsed currency. When I see the number of platforms that still support the Luna currency, it becomes clear to me that the size of the loss from the last collapse was huge and everyone should renew attempts to compensate for the loss.

I find it foolish to trust a coin issued by the same failed team.

The first thing that has pumped was the Lunc and then it's likely that whales have diverted to pump into Luna and that's why you're seeing that gain.
It's true that many don't trust it anymore and whatever is happening on it with its gain, it's all just being done for the sake of pump and dump and that's all.
Are you satisfied with your gain and free money? Sell. If not, you will feel that there's a need to wait a little bit longer before selling.

Realistically I would say take it, The pump could be a surface or fake one and it may at anytime go back to what it was or it could even go less, there has been little impressive news coming from the Terra Luna team that show any relatively good signs coming soon, I believe any who are has been holding Luna before you would have already taking the little gain they have gotten right now.

But if you are a risk taker I think you should be wise about it, the Ethereum merger is coming soon and this might bring a Turing point to many Altcoins and very possibly Luna so you can actually wait till when the Ethereum merger actually happens.

Despite the pump, I won't touch Luna with an insulated power pole. There is a reason De kwoon is still wanted by South Korean authorities. I don't think Luna has turned the corner. It needs reorganization and reorientation.  I don't know how Kwoon organized that project but he needs to hand over to capable, less criminal hands

All of it back to you, if you believe your investment in this asset will be worth something in the future then you must be to hold it, if not then just sell it and anyways you've made a profit too right. I personally will not invest in a project that has failed before, by making a lot of people lose is a very risky action to me because who knows history will repeat again. It's better to me invest in another altcoin than having to choose it ! Although the initial capital is small, for me small things are more valuable because I am not a person who likes to take a lot of big risks on an investment asset.

As what we have saying here, you don't need to be greedy, just take the profits if I were you. Anycase, the whole market is pumping, perhaps it is just recovering from the last week leg down, or it is due to the effect of ETH merge news. Trust? it's subjective, but I will say that I won't trust them because of what had happened to the project and the people behind it.

All projects related to LUNA seems getting too much attention right now and it’s expected to pump more as we are nearing for the update. USTC will be the next to pump most probably, since it is still not overbought and still in a good range. Though with the current pump, I still careful on dealing with LUNA because I know this is just the hype for the update, and it can dump any time as well. Better to play short or long if you see opportunity, don’t just hold.

That’s true, their update can actually hype the other coin as well and as we are seeing now, LUNC is like pausing from the pump to give way to other coin which I think will also catch up along with USTC and LUNC. The update tax burning will be huge once they succeed on this, I see their long term plan now and it looks feasible. I will buy a small amount for now and will hold for a year, let’s see if the hype is true or just a hype itself. TAYOR!

I haven't follow the news about Luna since the debacle except wanting to see how the government of South Korea is treating it against Do-Kwon.

But if there is an update, then expect that the pump will probably go on another days or weeks, until it crashed again. Good opportunity for others to make their money as what the OP did. But for sure this is not going to be sustainable. So if I'm in the OP shoes, I will take my money out of Luna as it is very risky.

If you are a bit hesitant then you can either hodl or sell half of your coins, but I would hold it if I were you.  a $28 amount won't make you any poorer or richer.  It is a free money that I am sure you can afford to lose if things go hay wired.  Wait another month or set a selling target.

Despite what I said, I still won't advise my friend to invest in such failed project let along a team with a lead developer on hiding/running from South Korea authority.

Please, you must learn from what happened with LUNC. it was also going up massively but this time it's slowly going back down again to the what it was started. Im not feeling doubt if this pump has come. I have bought some new luna before and i got huge profit from the pump.
The whales will be pumping old luna first before the new luna. This is a pump and dump mechanism that already created by the whales. If you were not selling your coin and it will be going down again.
Take your profit before that will come very soon. It will never increase forever. Learn from what happened with lunc. Pump will never be last forever.

Probably just a pump and is going to get dumped soon. There hasn't been any major announcement that would have caused the price to go up a lot within few hours. Most likely due to the pump of Luna classic, Luna is getting pumped. Both will get dumped soon, which I am also sure. Luna classic is already getting dumped. Both are very risky to hold.

He is talking about Luna, not Luna classic.

LUNA in its latest version has started to gain investor confidence again it seems that is why this coin has risen by tens of percent in recent times. but if you think about it, we don't see any news that makes LUNA hype again because it could be that this is a lure from the whales to get everyone to join LUNA and then they will sell everything when they have had enough. I just remind you to be careful.

what do you mean by luna classic ? lunc has gone up 100% the past few days. it started with btc up more than $1300 perkoin yesterday to date. i hope luna will come back to a better price, indeed my long term goal maybe teraform will launch a companion product similar to nft for match the price of the persistence of investor confidence will soften. Luna will give you more profit than you stated, maybe. If you believe so, keep some safe if your profit target has been achieved.

I'm not sure either why LunaC is the cause of this. LUNA is no more. We have seen it drown the mud but is now sprouting again while there is no update. What news do they get that made this buying frenzy?

LUNAC has been supported by Binance to burn 1.2% tax so this LUNC at least has news for the pump. It would really how crazy this market is if LUNA comes back to its golden days.

The merger of ethereum will definitely have a positive effect on the whole market, your hypothesis is also likely, altcoins will benefit the most after ethereum. But along with the event of ethereum, before that Mt.gox also announced that their bitcoin release will also be conducted on September 16 right after the end of the merger, so it will make the market very difficult to guess.
Personally, I would sell if profitable, Lunc is not a good project anymore, holding them for long would be very risky.

You are not really missing anything, you must understand that sometimes what happens in the markets doesn't really have any kind of logical explanation.

Sometimes what happens is just part of a manipulation games that someone else is playing, and in this particular case I think that is exactly what we are seeing, so be happy with your small profits and if you can consolidate them but do not think too much about them because there is nothing in that coin that can sustain that kind of growth.

Of course when the price is pumped it means that there is a real profit, now it's up to you to decide if you want to full out or not. Nothing is stopping you from doing what you want to do with the luna or lunc you are holding.

All I can say is that if you still believe in that token, hold on to it. But if you are having second thoughts and hesitating, it is better to take it out and buy another token that has more potential and can give you a good profit in the future.

the pump that occurred at LUNC was caused by a proposal for submitting a burn tax for each LUNC transaction. I kind of forgot the full story. and binance, FTx, huobi, gate.io all agree on that. from there the price goes up.

but last night I also saw LUNA v2 also pumping. well for this one I really don't know the reason behind the pump. whether there is news from Do Kwon or what I don't know. but there must be some good news that causes the pump to exist.

You have profit and that profit you can take by selling it and then trading with other coins, luna market cap is increasing and I haven't got much information about it, if you look at LUNA market cap then you will see an increase of $1 Billion usd, that's a lot money, difficult market situation guess what, if you look at the market trend in september last year, the crypto market situation is in a bearish trend, but that's just speculation and I think take the profit you get and buy another coin which is hype

Safe move is sold the money or capital you put and if you feel its gonna go up more then hold the rest in that way you dont have anymore losses in the process and safe keep your money. Trusting luna is quite hard for majority but if you really think its still gonna recover then make sure you understand the risk. Cause its scary to know that Luna can still be able to its previous ATH in spite of everything happened on their network.

Watch out for the batman trap, immediately take the opportunity if you get a profit, at least the capital returns. There is no strong reason and fundamentals to support LUNA to fly high, so be careful if one day the price slides down again. It's better to be safe from now on

Crypto market experience a sudden volatility and Luna is one of the shitcoin that price is on the bottom and easy target for pump and dump group. The pump is already over and probably those traders that fomo buy yesterday will take profit today. Traders is just waiting to each other move on who will gonna sell off first. But it’s much better to take profit rather than still risk your money for breakeven worst loss.

In the case of meme projects, the pump can be used at any time, just shark wants to pump then the pump will work. Unlike potential projects, the pump will be activated when there is good news around it. The whole market is so bleak, even bitcoin can't grow but luna had a very strong pump yesterday. So I think this is a trap and it will most likely get dumped in the coming days so if you are holding it or trading with it be very careful.

It's all up to you because the decision is yours.
If you believe that the project can still provide hope for future increases, you can sell it at a high price but now it looks like the price is back to a low price.
And if you feel that the project does not have much hope of increasing in the future, you can leave it by selling the token and move to another coin or token.
We don't know what happened to the project and why to get such a high pump and it will all come back to you.

What is your current situation now? I think the hype has gone down. It's currently -18.78% at the moment of posting.

Did you manage to get more out of your free money? You are lucky to have gotten that and won $10 worth of BTC. Since you already know that you shouldn't trust again, do what you think you must do. Don't wait for somebody else to validate it for you or something. It's only you who is going to decide.

After pumping continuously it will be dumped after that, nothing goes up forever, not too surprised. Furthermore, I believe that this is just a price trap and not a normal bull run like there is in other coins. Luna has a bad history, being the fastest-crumbling coin, causing the biggest losses ever for investors. I don't understand why so many people still believe in such a coin, they defied previous painful endings caused by Luna herself to continue rushing in like moths to make some profit.

You are talking about lunch not luna. I just checked Luna is still at 165% growth. But compared to the previous declines, this is not much, not enough for the old investor to recover. Just a very small number compared to the loss of old investors.

@OP if you already have a big profit you should sell now before dumping as lunc happens. Lunc items are starting to show signs of falling in price, possibly a sell-off is imminent. Many will lose again.
https://i.imgur.com/58ZhVoH.jpg

The price of Luna is currently increasing steadily and it is expected to pump more. All big exchanges are supporting Luna, Leading exchanges Kucoin ,gate io to support 1.2% tax burn for Luna.After this, Binance is not far behind, it has also started supporting Binance also given the option of futures trading,  with 25x leverage and will continue to support it. In addition, Binance has also said that it will not sell 15.6 million tokens of Luna. Binance is a very large exchange.  He has to get his money out of here. He will pump it more with the futures trade and then he can dump it on people. Because it is being pumped so much inside the bear market that there is no chance of 500% But all these big exchanges are doing it together.That's why Luna is pumping.

The trust is already broken, and damage has already been done. It's already difficult to trust again, especially with with billions of dollars lost in just a short period of time.
But if they are really sorry for what happened, they must prove it and must sincere.

Back to OP,
Profits is alreay profits, even how small it. Since you only got it from airdrop then if you are already satisify with the profits, then take profits.

Do not forget that exchanges aren’t monolithic and they can change their mind as well, so even if they are allowing LUNA to still be traded at their platforms this doesn’t mean that this will always be the case.

So you need to keep your eyes open as I think the day in which many exchanges will drop LUNA is coming and it may come way sooner than what people expect, as it seems the charges against their developers are not going to disappear any time soon.

So before the time comes, we better make a decision so it's not too late to think about it. Luna has given many benefits to many people and it seems that Luna's time is running out soon, so be careful if you still want to invest in Luna projects. Don't let your regrets go after seeing the project because we do not know if there is no news and the exchange will remove the token.

I would say take out your funds immediately and even when you hold it then set a stop loss of 5% so that you don't incur huge loss as this coin and it's team cannot be trusted anymore especially post what happened 4 months ago, it would be a foolish decision to trust this coin as already it has pushed so many to lose their investment and to the brink of poverty, regardless of the pump it will not gain it's lost reputation. It's becoming really difficult to find a reliable coin except the good old altcoins and bitcoin.

the price ia looo like parabolic thats why luna is dump now the luna and lunc is a pump and dump coin. ithink luna is cannot recover on 100usdt up any more .

Forget about thinking Luna is going to recover.  Their founder is in hiding since the S. Korea government issued a warrant of arrest, I think the fate of Luna will be the same as Centra.  Centra were once good coins before the founder are accused of fraud and got jailed.  The same fate is probably waiting for Do Kwon if he can't prove his innocence ( I wonder if he really is). 

The current situation of LUna is really dire but the market movement is really baffling.  Increasing while the project owner is getting rekt by the S. Korea authority.


Not only that, this coins has lost it fundamentals because the owner who will develop the project would be facing years of imprisonment when caught and sentenced guilty. Better to watch from the sideline and see the next event of this controversial project.

With little funds it might not be too much of a problem to hope luck will come to him one day but the question is whether the luna project will grow better in the future and have better value because now we all know that the project has gone through previous collapses which resulted in all investors who invest with him must suffer heavy losses especially at this time the project is in trouble because South Korean officials have issued an arrest warrant for Do Knwo who is the CEO of Terrafrom Labs.

It's over for Luna because the south Korean government is not that of the united states, they will deal with the CEO and keep him away, I am sorry for him though, if you have any luna coin on you it's better to sell and hunt for another good alt.

It all depends on what you think and do, if you just want to play with a small profit you can play it for profit at any time, but if your intention is for the long term it's better to just hold on, but keep in mind at that time LUNA really dropped and it's a lesson for everyone. Because many people hesitate to invest big with the money they have with LUNA because of the Dump case back then. So make the best choice for your future investment so as not to lose the money you invested in the future

I don't think long-term trading in Luna will be profitable.  I think short term trading with Luna would be better because it is impossible to tell how the Luna price will be after a few days.  I don't know if Luna can be as successful as before so we should stay away from long term trades.  Many people have lost a lot of money investing in this Luna.

No matter how good Luna is, they will not be able to go to the same position as before. I think it would be better to stay away from Luna. It would be better to trade with Luna for a short period of time.  But if one is thinking of trading with long term time then he will make a big mistake. Luna has ruined many people's lives. I don't know if anyone else's life will be ruined in future.

Actually it all depends on how they use and analyze Luna's growth or movement, We know that in Crypto nothing is impossible, it doesn't mean I believe Luna's rise, at least a lot has happened from some of the previous Coins, if I guess about touching it or not Luna to 100 Dollars, it's back again with people's trust in Luna Coins..

seems impossible with Luna pump coins. after that incident, Terra Luna threw away all the coins and made all investors very disappointed and hard to believe anymore.
sometimes i wonder why they still want to enter the same abyss after Terra Luna betrayed all investors.
but if you are really sure that Luna will pump high, try to hold it and see if there will be another drama

Yes Luna was currently pumping a lot. Many have made good profit from here Those who left money in this project have benefited today. But people don't want to believe this project anymore People are the most affected by this Luna Coin investment.I myself am a victim of this.But if you have maximum profit and desire to sell then you can sell. Pumping may not be for long.

It will never happen. Luna already dumped to the so many zero. Killing zero was only possible thing for luna this time. I think that people aware about that too. This time so many people are thinking they can make money from luna but that's probably from the pump by the whales.
Do kwon will be going to the jail and it seems like that everything is dumping for now.

I guess LUNA can make $100 when the bull market starts but different from LUNC which is almost impossible to reach $100 when the next bull market starts. I'm not a fan of LUNC or even LUNA but when I see the LUNC community many of them really do a great job.

A meme coin or shitcoins, and whatever we call this project, it was still the same as this was already been rejected by most of the investors. It was quiet to see that Luna can't be trusted anymore, after the tragic drop of its price and it surprisingly up again, that it means there is something fishy behind the change and it was obviously another hype and manipulation. I can't afford to take risk with that kind of project.

The current changes of the project is just another attempt that they want to fish out the money of their investors again so better act smart towards taking decisions on this coin since this is already done. Newbies should stop picking this on their bag since its clear that Luna is already broken already so the risk is totally high on this and not recommendable to have.

Many already shared this thought but still they are following the hype and whatever the news is as long as they can make money they will take it. LUNA is very risky token to deal with, the price can change in an instant and with the news about the arrest of DK, I doubt LUNA can survive on this problem, soon enough it will fade away.

It's only a usual pump and dump coin. Luna is dead. This coin is gone. People are only putting their last hope through buy lunc. Only people who are still drunk that think if lunc will be going back again to the 100 dollars. All of lunc buyers need to sell their house to bet everything to the lunc.
I just wanna laugh to the people who got scammed for the second time until it was buying lots of money when lunch got pumped last weeks. The fact that if the price still remain going to the bottom.

the crypto market there are hundreds of crypto types that are good value and have good value, why do people keep thinking about Luna, it is clearly a problem coin and has a low value, what do people expect from Luna, I think there is nothing more to be proud of Luna, it's a dead coin, they made Luna die.

only temporary pump. After some news that said LUNA got a spike there was another news which said that Do Kwon as CEO of LUNA was arrested by the government. I think LUNA is already very hard to believe, but you are lucky because you got a LUNA moment that was already up. but I still have my doubts about coins since Do Kwon was reportedly arrested.

Well just considering that Luna Founder Do Kwon is on the run from the Korean National Police Agency I am really surprised about any pumps with this project.
The South Korean authorities are looking for him currently but he says he is not on the run but he is not in Singapore where he said on his social medias his location.

Even though LUNC looks to be rising in price, I agree it's only temporary, and it's likely that in the near future it will suddenly dump. So my advice is
to avoid investing in LUNC, especially since the founder of Terra Luna, Do Kwon, is currently in trouble with the law. Even though Do Kwon was found
guilty and there was an arrest warrant, Do Kwon did not turn himself in to the South Korean police. It is currently reported that Do Kwon fled
to Singapore. With so much negative news about LUNC, there seems to be whales manipulating prices, in order to create an opinion that LUNC will
recover soon and it is whales hoped that investors will be trapped by buying LUNC. In fact, if many investors have bought LUNC, not long after,
the price of LUNC is likely to be dumped. So I say once again think again if we want to buy LUNC, there is something strange with the current increase
in the price of LUNC. It is better to avoid investing in problematic projects such as LUNC, the risk is very high. I think it's very likely that we will lose
money if we invest in LUNC.

That pump will go nowhere but just everything you see right now for Luna is just temporary. I don't put much hope for a redemption to a project that fell so hard and is trying to get back where they left of. A lot of people who lost their money during that crash also have lost their interest and trust for the project. So, this current pump doesn't have the same reasons as before. It's most likely not gonna be sustainable.

The new Luna is a new generation altcoin from the classic luna that is experiencing something unexpected. and to me such a significant price increase on a new altcoin is something very reasonable and I think the price increase is also temporary. so if you get that much profit from investing in a new altcoin you should sell it to secure a profit because the price increase is only temporary and won't last long.

I wouldn't consider such increase a massive gain, considering how hard Luna dumped. I was affected by that ignominious fall which has been dubbed the fall of the year. No, I didn't buy before the crash. I was one of those who bought when it was crashing thinking it would revert but not knowing we were catching a falling knife. Ours was later tagged Luna classic or whatever shit they call it now. Luna is  a huge disappointment. It wrecked a lot of people.

Now it's natural that many people don't believe what Luna says anymore, even though they are innovating as we see today. How much damage did Luna cause when they fell. That trust cannot be rebuilt by what is done now.
Honestly, I'm not interested although lately I've seen some people get from the classic Luna. I think of it as nothing more than a fruit that looks sweet, but is actually bitter.
I also assume the person who owns Luna now is the one who threw the money away.

Did Luna hire people to campaign for them? Or they run campaigns for free without expecting anything in return. Indeed, on the exchange, the price of Luna looks active, or the chart looks a little greener than the others. But this chart is not worth anything positive. I'm not forcing people to leave it, but just giving the yellow light.

Congratulations for your great profit. LUNA pumped it is right. But Bitcoin is now in a dangerous position and Bitcoin may dump more.  If bitcoin starts to dump then all altcoins including LUNA will start falling in price so since you got almost 3x profit I think you should take this profit and wait for next dip. I think it will be a good initiative

I don't see any reason why Luna price go up except for an obvious pump.  Fundamentally, Luna is quite negative because of the recent issue of warrant of arrest against its developer.  In most cases when new like this happen price will dump even Bitcoin market will surely dump if ever the same thing happens to majority of its developer.  But guess what, instead of price crashing LUNA pump.  Isn't it obvious?  I would stay away from this coin even if it pumps really hard because my gain creates a huge loss to others.

Even though the new Luna is a new generation altcoin, if the project can't deliver anything different from the previous project, I don't think many investors will be interested and invest in the new project. They will prefer other projects that have the potential to improve in the future and are supported by a solid team. What is clear, before you decide to invest in any project, you must study the contents of the project and know who the team behind the project is so that you can decide whether or not it is worth investing in the project. We can't waste money without knowing something more.

No matter how much Luna pumps into this market, it will never get back to its past position. Because Luna has broken the trust of people and those who invested in it. Due to which investors are no longer interested in Luna. Now almost all the coin prices are on the side of dumming which is why it is never going to improve.

The whales and stupid people keep believing this shit will be going up again. They never try to give up even the reality has told us this as obvious scam coin. The non sense thing is so many people keep pouring their money for the garbage scalpers in the market.
I just wanna know when those people will be realized if this is a scam.

Im sure so many people aware about this thing but they keep buying it for their long investment. I didn't know what those people are thinking about this scam coin but even some of my friends told me that if they are gambling on it.
So many luna investors are so crazy. They keep believing it with their money no matter what happened with luna in the past. I can't even predict if a small pump was coming for luna.
i hope that this coin will be dead as soon as possible.

yes to be honest, even though LUNA Pump I still really don't believe in this project, because LUNA is indeed a scam project,
and their founder DO KWON is a fugitive from the police out there, of course LUNA will become a Pump and Dump coin,
so my advice is to avoid coins like this, and I'm sure that Binance will probably delist this coin too

Luna has now essentially transformed into a meme coin even if its value significantly increases, it will undoubtedly decline as luna veterans seek for rewards. Making a profit is cool but i suppose it's preferable that you realize that profit by switching your assets to better coins.

Based on the relative of cryptocurrency in the market right now nobody can't stand a chance to correct all predict the next movement or the market, because I believe that the market is rotational so they are for I will advise you to take off your property and remain your capital, because no one most the next move of it if there will be a fall or not, as a beginner you don't have to take much risk.

Be careful on several probabilities of LUNA progress. Sometimes, we must be more careful to anticipate the price manipulation of LUNA. So, you are not trapped in the high price after pumping, for, commonly the price will drop drastically again.
That is why every time we are related to LUNA, we must be more careful and wiser to take any decision. I know that LUNA was a very promising project, but after crashing and facing that big problem, this seems like the trust in this coin is exactly decreased.
So silly to see the condition of LUNA right now. But on the other hand, their project developer and teams are still surviving and trying to make LUNA survive and can go higher in the future.

And this is what makes things even more harder to predict and making out such decisions since you wont really know on what would happen next.If you do stick out on that casual
observation and fundamentals then you could say that LUNA is shit considering its past then it is really that safe to presume that you shouldnt touch it but after some time
you would boggle up your mind on why the heck it is really increasing its value? As long there's a community whom do really tend to buy and support LUNA
then there's always a chance for those kind of increases.

Actually it's very obvious that so many products have supporter, and it's quite understood, but in this scenario we are emphasising on the prediction aspect of them. Sometimes some people up with framed information concerning any project, and after they hype in that particular project via prediction and after invested in such projects you began to experience negative reactions of the coin in the market. So i know vividly that every have the chance of increasing at any point in time depending on their supporters

It's too risky if we still trust projects like LUNA, and don't think that LUNA's price increase is something positive. Because as you said LUNA has
become a scam project since the price fell drastically a few months ago, without any reasonable explanation from terra teams why this could happen.
That's why Do Kwon as the founder of LUNA was found guilty and has issued an arrest warrant. This means that the court in South Korea has found
Do Kwon's violation of the law regarding the unreasonable fall in the price of LUNA. Even the SEC is reportedly investigating LUNA, the conclusion is
that LUNA is indeed problematic and is not worthy of our investment in LUNA. There are many other projects that are better and safer to buy than
taking the risk of investing in LUNA.

Well, being that this is crypto, we all know that this can got two ways; it’s either going to be that it goes down and you lose that money or it goes up and you make further profit. If you’re okay with the profit you have made, then you should sell it. From the way you have said this, it seems to me like you never expected the profit that you have made from the market , so I would say you should go ahead and sell the coins and take your profit. Unless you are ready to take the risk and lose money if that happens to be the case.

Binance warns of the dangers of LUNA trading
https://i.ibb.co/ZV1jGLL/image.jpg (https://ibb.co/Czscm11)
On this news, the price of the coin fell again.
Burn statistics
https://luncpenguins.com/
If the burning continues as planned, then most hodlers are hoping for a rise in the coin, but most are always wrong.

it seems that many traders don't trust LUNA anymore, even though Luna experienced Pump, because Luna has become a SHITCOIN,
which means this coin is a toy by whales, PUMP and DUMP happened and made LUNA very volatile and not suitable for the future,
this is why we stay away from LUNA and don't trust them anymore.

Many people think the same, that is why most people do not invest into it. In fact, I honestly believe that there are a lot of people who think it is a scam project and yet still invest into it, "just in case". I think the logic is simple, they have done something that made it horrible and got low and that is why it is bad and there is no guarantee that same thing won't happen again, we all know this and that's understandable.

However, even while this is known, crypto world and fanatics are so bad that it doesn't matter which coin or what happened, people who are fanatics of a coin or token will defend it no matter what happens and that causes a lot of people to lose money.

I believe people who invest on it are just been hyped om current situation happening in LUNA and they got FOMO by certain situation brought up by the bag holders before, Maybe their existing holders who bag it up again for second round will still defend it because if more negativity will spread on this coin and people start to leave then they cannot regain back their investment poured on LUNA again.

That kind of fanaticism is very common in this market, there are people that probably lost all their money with this coin and instead of admitting their mistake they still think there is a possibly for this coin to recover and they insult or refuse to listen to anyone that decides to express the opposite view, and when I watch something like this I simply refuse to try to convince them anymore, after all if a crash of 99.99% did not convince them of the truth then there is no way to convince those people at all.

https://terrarity.io/analytics/lunc-burner
Check out these burning statistics. If they burn 59 billion coins in 5 years, then staking new coins will generate 10 times more coins. This is a pointless operation, and constant incineration commissions will not allow new projects to develop in this ecosystem. I see a dead end.

Since when they put this? Just recently? It's crazy that they allowed people to buy and sell for a long time before they put a warning like this. Even binance themselves do also want to earn some nice money out of the luna hype but it's still nice that they came up with this warning even if it's a little late already.

This should scare some but not most of the greedy investors and traders of course, most especially if the burning mechanism is continued. I know many of them like the fact when the coin has a burning feature because they think this is the main responsible for the coins value to pump hard but they disregard other factors. That's their biggest mistake there.

If you are in the cryptocurrency industry, the increasing price of LUNA despite of it having negative fundamentals simply implies that Luna price is manipulated.  You can think of people who manipulate the price are those who have a huge stash of this coin.  Who is in the right mind to invest in a project whose developer is in hiding to evade his warrant of arrest?  There is also no announcement of the community takeover, which I think if announced would just be a political agenda to make people think that the project is out of the hand of the developer.  There is a lot of money to make in manipulating this coin and the developer won't miss that.


Isn't it already dead end for LUNC and LUNA?

I do agree with you, too risky to trust LUNA again although the coin is experiencing a high pump. Who knows that the pump is only a trap? with a high risk of deep dump after the pump? And this is also possible to happen. That is why rather than choosing LUNA again to invest, in my opinion, it is better to invest our money in other top coins, at least that have no big issues. ALthough they are still risky, at least, it is less risk. However altcoins like Ethereum, BNB, and also Solana.

Yes, I think many people are smart enough to learn from the previous crash of LUNA and will not risk their money again in this project, moreover the pump is probably only a setting of hype.
But unfortunately, several other people don't care about the risk and only think of the instant profits, that is why they take the risk like gambling. They may earn big profit but on the other hand, they may also lose all their money. This is  avery high risk, better to stay away from this.

I think now you should create another topic as luna Dump haha many of people try to drive a running train as it's risk High risks never comes a good rewards. Proposal hype of Luna made this PUMp but reality of that Proposal is far below the facts 1.2% tax on every communication to block chain is much expensive and its impossible investors can't Afford it.

And after all of their doings, I don't understand why there are still wanting to invest and risk their money in this project. It is actually hopeless to think it will be potentially profitable long-term, in fact, it was hard to trust this project anymore. If we see Luna is pumping, that was obviously manipulated and we don't need to be fooled because, after that pump, a terrible drop is possible to happen making these investors suffer losses only, not profit. I'm sure nobody could afford to take that, then we instead help ourselves to secure our funds rather than putting our money in this coin.

If I'm in your position, I'll take profit and move on to another project or better still retain some amount of the token and hope that the price continues to increase. I personally don't trust the Luna project considering the past performance which led to so much losses for holders.

I guess the OP must have taken advantage by now. considering the bad news from the South Korean government about Do Kwon the founder of LUNC. then the pump LUNC is over. and prices can fall quickly.

you're right it's better to find another project or another coin to enter as an investment. because LUNC is really very risky right now. even Do Kwon's whereabouts are currently unknown.

Last week LUNA skyrocketed by more than 135% and since then the market has continued to decline, when it reached the peak of the pump the position was at 22 and now it has dropped to 35, I hope investors or owners will immediately make a big pump again so that old investors come back again and of course they can withdraw attention of new investors.

With a low price, of course Luna still has the potential to kill 1 or 2 zero in a short time, I'm sure Luna can skyrocket again so that we are worth making a long -term investment, but I will not comment with history or events before Luna collapsed.

Where did you find the figure of 300 million LUNC per day?
For September 22, the data is 410 million LUNC.

You need to make a deflationary ecosystem to burn billions of tokens, for example, as SF does in Ethereum. So that the number of burned tokens is much greater than the number of tokens that the validators receive.

Bro everything always has a pump here and there.
The luna that you are seeing right now will always be manipulated in some ways as some "whale" have a massive supply and can always hedge by shorting their own token and just do the market sell. So enjoy the pump and got something more reasonable while you can.

After the big pump 2 weeks ago, LUNA slowly dimmed and is now still red, of course this is because the market conditions are still bearish but I hope this year LUNA can kill 1 zero again so that LUNA's position is ranked in the dozens.

Well I have read having wiped out $40B worth of investors funds, Interpol has issued a 'red notice' for Terraform Labs founder Do Kwon to locate and arrest him.

I do not think any pumps with this project will happen now any time soon.

I think LUNA can be counted as scam now as a project. It seems all deceive and lies. They should have saved UST with those funds, I know you will say "they could not" but I think they could. They reacted so late than usual. Many people I follow on twitter lost money. I personally will never ever invest in any kind of LUNA tokens or projects. Its heading towards graveyard of altcoins. Its not gonna be last one.

Has he been arrested? Are you confused, where did you get that information from? He is still in hiding and stated on twitter that he is not hiding and is ready to cooperate but so far no one knows where he is. And unfortunately for him, today interpol issued an arrest warrant for Dokwon. I don't know if this will have a profound effect on Lunc since Lunc hasn't been under his control since the fork, but with this news Luna will have a lot of volatility. I hope OP sold his lunc at the right time and made a profit.
https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon

What?

They made a terrible decision by saving UST, not LUNA (Now LUNC) and failed to save UST but more terrible, this failure results in a collapse of LUNA (now LUNC).

They actually spent money from Luna Foundation Guard to rescue their project but by picking a wrong one to save, both UST and LUNA (now LUNC) fell to the hell and all reserved funds in Luna Foundation Guard were mostly spent.

Perhaps, it deserves to be called like that after all the issues and irresponsible responses. In fact, they want to divert the mind of their investors and to think they are still can be trusted but unfortunately, they fail. If we saw Luna is pumping, we have to be careful with this as this never happens without any reason/s and no way we have to trust this project again and much more if the developer got caught by the authorities.

Pretty much the same like usual scam token in the market. It's impossible to kill zero easily like what you have said. Killing zero was not possible anymore. Even if you are hoping elon may come to help luna. Do kwon will be jailed very soon. In my opinion if this coin must be avoided to make sure there will be no more victim that will be falling to this trap. People must use their brain again and think for so many times before try to bet in this shit scam coin.

Do you believe that will happen, while inflationary pressure is very large, many tokens/coins are not strong enough to withstand this pressure, that's why LUNA is currently experiencing a price decline, because inflationary pressure is still strong and plus the bear market will continue to overshadow all market..

He will soon be arrested Interpol is looking for him now, in his last statement he clarified that he is not hiding but he is, he knows that the authorities are after him he has a red notice, he is virtually a fugitive now if he is brave to face the charges and face the laws he would have turned himself in, LUNA will be soon out of the market so it's better to dump it because of this news, you cannot just dump the people who supported your project without answering them in the court of your misdoing.

You definitely don't need permission to take profit or not, you knew what you invested so if it's time you wish to have profit then you can go ahead and i really understand you knew how the market was so if i would advised taking profit is always the best coupled with the market instability. Isn't really favorable to hold any Altcoin now, if i m to asked converting your Altcoin to stablecoin would be a great idea than to hold.

Today Luna is experiencing a Pump and trending on Twitter, for some reason even though this coin is clearly a scam,
and their founder Do Kwon has also been proven to be a suspect, why is Exchange still supporting it?
even exchanges like Binance recently said that they support burning Luna, of course because of this news luna Pump, my advice is to be careful.

Congratulations, you have made almost 2x profit from your invested money. Recently luna has caught the great attention of the investors. The Luna banning news has started to increase the investors confidence, but those who lost large amount of money on Luna are unlikely to recover. But from here investors can take some profit for the time being. In my opinion now you should stabilize your invested money or take profit.

what you say is true I also follow him on twitter. All great exchanges, want to convince investors of crypto, all exchanges help Luna coins and the goal is to convince investors to trust Luna coins again. I think Luna is good for scalping if for the long term you have to think about it again.

Trust me, do not fall for this scam coin again. Luna will pump again for sure but how much? Luna Classic will not reach its previous all time high and those people who have lost their money holding luna, their money will never be recovered.
New people might invest in this coin, but old Luna holders will never invest again.

It was already clear before all the legal problems, with the new legal problems it became official that is all. If the owner of a place is looked with a red notice, you do not invest into it, makes no sense to me at all. I mean explain to me the idea that interpol is putting red notice on someone for fraud and you are still investing into him? Is it like "oh the government jails everyone they dislike" type of deal?

Because, Vitalik is out on the open and doing whatever he wants, and nobody is looking to jail him, same as Justin Sun, or any other big project creator. Just realize that you are not going to make money from Luna and some people can't see it.

They are using this coin for pump and dump nothing seriously will happen to this coin because many investors are done with it, so for new investors want to try because they are been hyped so much on situation like this much better if they just go with more better coin since for sure with LUNC they cannot trust this for long term purposes.

agreed more effort could be spent within the luna massive collapses yet there are so few efforts that actually meaningful.
it seems there are many wrong business decision were make during the collapses and as a result luna couldn't get saved and yet they are draining the reserved fund that makes luna beyond saving.

On top of supporting the LUNC burn with a tax fee on margin and spot trades, binance have just announced that they will be supporting the 1.2% on-chain burn. Even so, you have to be careful if you want to invest. to take profits in the short term I think there is no problem. in the long run I don't think so.

That's good news for lunc and as far as I know lunch is no longer dokwon related and lunc is managed by a different team, so wanted dokwon won't affect it.  He just invested in Lunc with the money from another airdrop and it's not a big amount so he should keep holding it, maybe he'll get lucky, It is not necessary to sell them because the profit is also negligible.

Luna gives a lesson in crypto history. A bloody tragedy that claimed many victims. No one thought that the coins that entered the top 10 of MC's could disappear in a day.
Do Kwon is a smart but greedy person. The last news before the fall of Luna, $ 80 million per month from investors' money he took for reasons of operational costs. Great lesson from this tragedy.

The project is a scam and it's been said that the founder started moving out millions of dollars before the crash began, it seems he knew what's about to happen, even if this is not true why did he decided to hide himself? It shows that the allegations are true not false, stay away from luna if you like yourself.

that's one of the many sad stories rooting from this project. you can always find the money but yes, at least his wife is supportive and understandable with the situation. an expensive lesson in this market. this is the reason why some people have negative approach on this market because of this kind of project. in all honesty, most developers are here just to fill-up their pockets! they don't care if their project will survive long or not.
for lunc holders, better discard it while it has market value. don't wait too long because you may be holder of worthless coins later on.

I am sure Luna Classic won't reach to its past all time high because if anything happens for price to more than $100, it should be for Luna (LUNA), not Luna Classic (LUNC). But I have more belief in Luna Classic because I don't want to see more engagement of Do Kwon. Luna Classic now is still affected by news about Luna and Do Kwon but it has gradually become a community-driven project.

I don't need Luna Classic to hit even to $1. $0.01 is enough for me and from latest rises of it, I think that price is reachable.

very hard to believe after the crash in the past that caused many investors to lose big in Luna.
but if you invest your money with airdrop yield and with small amount it's fine if you want to hold it. maybe if one day you are lucky you will get even more profits from these coins.
but what you need to remember is not to put too much of your money in the coin if you don't want to be the next victim

LUNA is currently a trader's favorite because the price of LUNA is really bullish, I don't know,
I don't trust LUNA anymore to invest there, it's just that trading is really worth it, because good news always comes from CZ.
Of course this is a good opportunity to collect as many LUNA as possible for a short term.

I am believe it just whales trap for retail traders,with no more fundamental and even it's founder be Interpol seeking Luna should be most dangerous coin in market when crash again. It just speculation from investors and they should exit immediately now before everything late.

Eventually Binance joined (after pressure from community) and burnd LUNC in the first time, from all trading fees of spot and margin.

You can read details with their tweet https://twitter.com/binance/status/1576943349143310336 and don't forget to follow their Twitter as well as CZ's Twitter.

I believe LUNC has a bright future with very great speculative and manipulative price-making in coming months. Hold tight if you have LUNC everyone. You won't regret but it's not my financial advice.

More important, don't use all money you have and bet it in LUNC. It's risky.

Is just someone who don't want to learn that is going to fall victim of this coin again after what they have done in the past.
the coin from the time of this post has already shows its true color again. i just believe the project and its owners are just playing with investors, investment with their pump and dump and all those who don't want to learn from past mistake will always fall victim.

OP: if you have not taking your profit till now you will already be counting loss by now.

After seeing CZ make her first burn of LUNC coins totaling 1.8million coins. then I myself became more and more interested in buy LUNC. but I think the risk is high. but people keep coming to buy. so the price keeps going up. but I haven't made a purchase yet. and still doing my own research. because there is something odd. that is, even if bad news befalls the founder. but LUNC like not affected. then someone told me that Do Kwon was no longer in control of LUNC. And LUNC is held by the community. I still have doubts about this information. so I'm still searching for the truth. and if you want to buy LUNC. I hope we don't use hot money. it is better to use money that is ready if it should be lost or lost. and do your own research before making a decision. You should trust your own research more than the research of others.

Either way Luna is going, I don't think its going to be long term. As we all can see, a massive manhunt for DaeKwoon is on, with the dude wanted in over 150 countries worldwide, including his native South Korea. Only way Luna is gonna ride this storm is if it is truly decentralized, meaning it is not affected by Daekwoon's philanderings

And you also feel unsure of Luna like other people are not sure at this time. From 10.5$ to 28.7$ you've already asked this, so I have no doubt that you are hesitant to hold on long term.  Most people don't trust Luna, but if you buy and hold on to it for the long term, of course you'll get a huge profit opportunity when Luna's team pumps up the market to convince investors.

Volume wont die as long there are people who do keep on buying and selling it, which does simply means that there would really be chances for it to pump and dump and there are still people who do keep on playing

with those movements.Just like you do said that as long it does move then it would really be ideal to make out some short time decisions and make out profits on short term scale.

Some cant bare up the risk but there are people whom could really stand up and sustain or survive despite of the huge risk that they are dealing with.

if it's already increasing in value, I think investing in it isn't wise, since big chance you'll become food for the whales that manipulated luna, moreover most that invested in luna are just gonna lose their money anyway. unless they invested in early when it's still valued really low.

Luna is not actually a scam project. If it had been a scam then the team would have declared it a scam.Maybe due to some mistake the project went into ruin but the team tried to rebuild the project today.They are making a lot of efforts to move to a better position but I believe they will definitely move to a better position and they will be more successful.

I agree with you, it's too risky to trust Terra teams a second time. It is true that it is better to sell all the LUNA we have, and the money we get
from the sale of LUNA, we can buy other coins with more potential. Because there are many other projects that are safer and more profitable,
I chose to invest in BTC and ETH, because it is clear that the two top coins have a very good track record. So the opportunity to make a profit is
much greater if we invest in BTC and ETH. Moreover, with the arrest of Do Kwon as the founder of LUNA, it is enough to prove that LUNA is not
a good project. But back to the results of the analysis and decisions of each of us. If anyone still believes in LUNA's future, please take it
at your own risk. Because I have decided to move on and forget about LUNA, so I will never invest in LUNA again.

what's on your mind? after everything that happened in the past.
trusting a second time is not an easy thing when investors feel very disappointed in Terra and you still have a stronger mind to reach $1. lol


after the project is abandoned by the owner and the coin is known in various countries and a trader will most likely be used by the whale to pump the coin temporarily and when some people fall into the trap after that all will be sold and will return to normal.
such as price manipulation

Not sure about that. Do Kwon have an existing warrant because he is accused with fraud. That for sure will going to have him a negative impact as people would most likely to stay away of his project and won't trust him nor his project anymore. Though as we notice of the pump, it doesn't seem like it's gonna last. I personally don't think Luna would still recover from where they were before the huge crash.

In fact, LUNC Coins are still good for daily trading. And the pump that happened to the Lunc I think is a healthy pump. so it's not too risky. but to be held in the long term then it can only be said to be risky. but if it's just for day trading then it's fine. provided we know when to enter and when to exit. always set a stop loss to minimize losses in the event of a dump. so about Luna and LUNC Coins I think it depends on what type we make the purchase. whether it is for day trading or long term. and if for long term then i think its not recommended. unless you use money that you are prepared to lose.

I think there are both negative and positive aspects to this investment. The negative side is that Luna has become known as a major scam project. Big investors will turn away from long-term investments. On the other hand, the positive side is that the current price of Luna is much lower but after a period of time it comes to 1 cent in the future. In the next 2-3 years it can go to such a position that will be appreciated.

But investors will not invest in this kind of coin. It's possible that the current pump is just a new trick they are trying to carry out. If they have already damaged their reputation by making dump prices, then gaining investor confidence at a later stage becomes difficult.