Please note that I bought the coin at a lower price than the one currently on the market. Therefore, if you buy Luna at the current price, then perhaps your purchase will turn out to be high, followed by a dump. In addition, I allocated a very small amount of money to buy such a coin, since I know that it is possible to completely lose this investment.

This is a classic ponzi scheme, in which a 4% profit per day is guaranteed at the expense of those who join it later. But in fact, this ponzi scheme does not guarantee that you will double your money in 20-25 days, since the number of new participants may disappear the very next day after the launch of the scheme and you will lose all your investments.

I do not remember such a coin that would give a profit to its investor during the day equal to 500,000 percent. It is this high volatility that makes traders forget about the danger of such investments, hoping to get a profit calculated in incredible percentages. Of course, not everyone will be able to make a profit, most will lose their money as always.

In this case, CZ wants to equalize the Luna investors who bought the coin before its dump with those who bought it for $0.0000006. Obviously, Binance bought a very large part of the coins at a minimum price and now, after burning, the first ones will lose everything, and speculators like CZ will actually remain the sole owners of the coin.

Luna management is directly responsible for what is happening, because they could stop the blockchain in time to prevent excessive coin issuance in the amount of more than $6 trillion. Perhaps for this reason, on May 11, the SEC launched an investigation and sued Terraform Labs.

What do you think, with such an issue, which is more than 6 trillion coins, is it really possible to restore the price to at least $1? After all, in this case, the capitalization of Luna will be more than $6 trillion, while the capitalization of bitcoin is now $500 billion.

Buying off the bottom with such a large emission is really a very risky activity. But those who managed to buy a coin at the lowest price of $0.0000006, according to KuCoin, already have more than 500,000%!!! I also bought half a million Luna at a price of 0.00004 and now it is x8, but there is no big profit, since I did not want to incur big losses and invested only $25.

I think that a lot of beginners also think that in order to become a successful trader, it is not necessary to have special training. But I am sure that you will not go to a doctor who, having no special knowledge, has been trained through YouTube. Perhaps this is due to the fact that contacting an unqualified doctor can lead to loss of life, and a trader, without special knowledge, can only lose a deposit.

The only solution to the problem today is hard fork, which Do Kwon, the CEO of Terra creator Terraform Labs, writes about: https://agora.terra.money/t/terra-ecosystem-revival-plan/8701 This hard fork not only provides compensation to the holders of Luna and UST, but also to preserve the community and the developer ecosystem.

Nevertheless, we have already seen such a successful example of blockchain rollback from Ethereum DAO in 2016. And in this case, the hard fork could restore confidence in the cryptocurrency as a whole and compensate for losses for Luna and UST holders.

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Over the past day Terraform Labs has printed more than 6 trillion Luna coins, so the option that the price will recover is no longer considered. And it is possible that the circumstance will attract the attention of the SEC and entail the prosecution of Do Kwon, the CEO of Terra creator Terraform Labs, because what happened is a scam.

Although my advice may seem absurd, I would recommend investing $50 by buying a Luna coin, which is currently trading at $0.004. It is possible that you will lose this money completely, but if the UST problem is solved, then there is a high probability that you can get a profit of thousands of percent.

Justin Sun on his Twitter page announced the mining of USDD with a yield of 30 to 70% per annum. This is more than 3 times higher than another algorithmic UST stablecoin recently offered. It is possible that USDD and TRX will repeat the dump that we saw on UST and Luna and, accordingly, it's time to open a short position on these coins.

During the day, the number of coins in circulation increased 6 times, but at the same time the price of Luna decreased 50 times during the same time. It seems that Do Kwon chose the wrong tactics to overcome the crisis, which consisted in issuing new Luna coins to equalize UST value against the dollar.

The problem is that no one knows the final price to which the coin will fall, so they buy coins in parts. But this is also wrong if the market is bearish, in that way we reduce the average price of the coin, but at the same time the loss only increases.

It turns out that this is the second unsuccessful attempt by Do Kwon, the CEO of Terra creator Terraform Labs, to create an algorithmic stablecoin: https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/ In 2020, Basic Cash, created on the Ethereum blockchain, turned out to be such a failed algorithmic stablecoin. It is obvious that this information will also be available to investors addressed by Do Kwan.

Yes, the problem inherent in the algorithmic stablecoin has now become obvious to everyone. But I still remain confident that the UST problem will be solved in the near future and the value of the stablecoin will return to the dollar, as the Luna Foundation Guard has plans to restore the value of the Terra USD.

Today's problems with UST clearly show that there is no guarantee that you will get a profit, stablecoin staking. And trying to get an increased percentage for staking, which exceeds the bank several times, you can lose your deposit. And as we can see, the UST dump case is not an isolated one, we recently observed something similar with another algorithmic Neutrino USD (USD) stablecoin.

Without the investment of large capital, the problem with UST will not be solved. Luna Foundation Guard has fully used its BTC, which was supposed to support the value of UST and now, according to their statements, they are looking for $1 billion to support the algorithmic stablecoin Terra USD.