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. 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.
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I see there are still many who do not agree with this proposal. because if this proposal is approved it means luna Founder(do kwon) will be free from responsibility. he only needs to pay compensation to the ust holder and the matter seems to have been resolved. they don't seem to care about Luna's holders, because if new coins are released they will definitely focus on new coins and will leave luna old.
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The speculation about Luna recovering has been over since Terra released a proposal for the Luna V2 fork. it means they have given up on turning things around. luna is over, the coins that are on the market today will eventually function as community coins (to me this is the same as being abandoned or allowed to die slowly). the good news is there will be an airdrop for old holders who bought before the 7th of may, but for me this is not very good. the reason is because the price will not return to normal when conditions are normal, investor confidence has been lost. maybe when the airdrop is shared all will sell it, this will just create another crash in the future.
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Russia has a lot of resources ...ammo never finishes for russians ...you had Kiev in your hands why would you give it back ? ...no sense ...
from the very beginning the reason russia was at war with ukraine was not for that. This war exists because of the Russian form of protest because Ukraine wants to join NATO. And why don't they use full force, I don't think Russia wants its military power to be known by the Natos especially the US. after all, they are also trying so that civilians are not affected by the war. that's why they use this method.
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It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum. Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Luna and Ust will never recover, this project is dead. there is no way to save this project even if they want to burn luna and ust, investors' trust has already been lost. when the trust has disappeared there are no more investors who want to buy/hold. So I guess Luna doesn't have any hope anymore.
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and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup? Cz Binance TwitterI heard that do kwon is not using his bitcoins as a peg recovery effort. but there are some tweets that say it's been done, but not able to restore the situation as before. There has been a lot of speculation about terra's bitcoin reserves, but nothing can really be proven because from the start the terra development team seemed closed about the matter. even cz had to suspend luna's trade yesterday so he could be responded to by the terra team. but in my personal opinion, if terra still has funds (bitcoin) there is still hope for it to recover.
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1. Don't invest in crypto if you can't afford the loss. 2. Don't put your eggs in one basket.
Do not invest in pump and dump shit coins don't invest in a project where one of the teams has had problems in the past. and don't try to buy coins/tokens that fall very deep. this rule is very important to avoid shit project.
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Proof of Authentication Post Bitcointalk Username: sulis sudibyo Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1285544;sa=summaryTelegram Username: sulisbyo Discord Username: - Campaign Category Participated: signature Whisper MSG Wallet Address: 0x1k71b39c7ecc627153c586b76afc5fccbe8aac773572fd+a355927744d521e338cf67c40b330866faf6b3e4054b38f404fd4eb9fa329421
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Greetings to every lovely people out there, This is so hard to guess which altcoin will go like a rocket. I love to do trading but spot trading and holding is lot more difficult for me. Is there any coin in your mind guys ? Don’t forget to share your opinion and thank you for giving time.
1. ethereum with its 2.0 network hegemony which will be released soon. 2. or bnb which is touted as ethereum's toughest competitor. 3. solana and terra can also be considered, these two coins rose very high last year and may in the future it will be repeated. 4. matic is also quite interesting, although this project is popular but the price is still cheap. the potential of this project is quite large, I'm sure in the future the price of this coin will be like solana, terra, polkadot, or avalanche going high in a short time. those are some of the altcoins I'm thinking of. There is no guarantee that the altcoins I mentioned can make you rich, but one thing is for sure these altcoins have great potential and I'm sure their prices will rise in the future.
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I think this is good too. maybe he wants to follow in terra's footsteps with his UST. that's why he created his own stablecoin, but again I doubt it will be successful. every time justin creates a new project, nothing really works. like bittorrent, which infuriates investors. I think this stablecoin project will probably have the same fate as the previous projects held by Justin Sun.
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The upcoming unicorn crypto company because of it's insane hardwallet. What do you think about AltSwitch? you mean this https://coinmarketcap.com/currencies/altswitch/ I don't know why you are thinking about Hiden Gem with this. Please express more reasons here than just give. Personally, I see it as no different from the shitcoins appearing in this space and following the trends where we are essentially self-deception, I personally am on the sidelines with this, hope you will have a positive view more in this space as well as having a more mature view. yes you are right, this token looks like shitcoin. if I look at the chart at the time of release, so far the price has only decreased. no sign of it going up. So only fools think of pure dump coins as hidden gems. I wonder why he said that these coins are hidden gems.
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Would you rather buy Solana or Terra at this moment?
terra(luna) is better this time. unlike solana who still have problems in their network. the terra network is already better prepared for the next step. terra has a lot of pretty interesting stuff like stablecoins on its own network. secure network and more. This makes it superior to other competitors. So if I had to choose, I prefer terra(luna) over solana(sol). but overall these two coins are good, i have both too.
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It often become a good opportunity when you sell at a peak and after that the correction come and you buy again with low price but many people miss that opportunity who then regret but I do not regret when I miss that opportunity because I do not do greed and remain satisfied with my current amount of coins and I know in the future the price will grow again to another ATH and my current coins are enough to give me enough profit. With this thought I keep myself tension free.
What is your views and conditions at that time?
a sense of remorse is always there when I face such circumstances. selling late and the price suddenly corrected, what was more annoying was that the price never rose again after it happened. although I have been trading crypto for quite a long time, but sometimes I always experience that. when I'm greedy I will definitely experience it.
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Do you think Polygon (MATIC) will reach $20 within a year from now? If not, why? What are your predictions for this cryptocurrency? Your input will be greatly appreciated. Thank you very much. no, because some people are not very interested in layer 2 projects. they prefer a completely new network and not using EVM. that's why the price of MATIC has not changed much until now. in contrast to solana, polka-dot, terra, or avalanche which experience a very rapid increase in a short time.
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I will exclude this coin : Decentraland (MANA) The Sandbox (SAND) Gala (GALA) Chiliz (CHZ) Enjin (ENJ) Keep network (KEEP)
and this is the coin that I will choose: Ethereum (ETH) Solana (SOL) Avalanche (AVAX) Shiba Inu (SHIBA) Polygon (MATIC) Cosmos (ATOM) Terra (LUNA) Binance coin (BNB) Near Protocol (NEAR)
I added bnb, luna, and near to the list because these three coins are no less good. This is the perfect portfolio for the long term. You can get very big profit with this investment plan.
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I was clearly very wrong in this type of thinking. It was when I was beginning to witness the longterm cultural value of NFTs when I realized of Defi's importance as an infrastructure for anything with value in the cryptospace.
nft for long term? I don't agree about this. nft is profitable when it's hype, but once the hype dissipates slowly the price floor goes down. and it will hurt whoever holds it in the long term. but using defi for cryptospace base. it's worth trying. if this works, we will really not need a centralized system. this will be very beneficial when crypto is completely free from centralization.
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Despite the rapid growth, investors and project owners are not getting the services they need. As a result, a Launchpad that is easy, secure, lucrative, and capable of managing this $2 billion business is urgently needed.
what we need is a launchpad platform that can verify each project. cheap and safe is important, but what we pay attention to is that many projects fail after tokensales/listed on exchanges. that means the launchpad platform is not maximizing their potential, they should be able to verify such projects and protect their users. and the irony is that there is no such platform, although nowadays there are many launchpad platforms for launching new projects. so we need a platform that can protect investors from shit projects.
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Between mobile and a desktop wallet which one do you prefer the most and why? Again I think desktop wallets have more open source wallets than mobile, which desktop wallet is the best open-source wallet that you know of?
Compared to desktop or extension wallets, I prefer mobile wallets, because mobile wallets are easier to use and easy to carry anywhere. Trustwallet is the one I use the most. and for security I prefer to use safepal, this wallet also has a binance trading service without having to use a binance account. so I don't need KYC for transaction there.
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I think this is a sign that Binance is considering babydoge. maybe soon there will be news that babydoge is listed on binance. When this article was released, I saw that there was a lot of speculation growing about this. so maybe it will come true.
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ADA was the good potential coin,many people had their investment in this coin.When the price of bitcoin was crossed the value of 64.4K dollars.ADA price during the September 2021, had gave 150% of profit.The ADA was called as the new comers coin,new traders got huge profit from it.It’s my opinion towards ADA.Buying of ADA is based on your wish after the huge investigation about the coin.
in terms of network, maybe Cardano can be a competitor that is quite difficult for ethereum. but for the price, I don't think it's possible. ADA seems to me to be stable, no big increase even during bull market. maybe this is one of the ironies for me, unlike terra, Solana, Polkadot, Bnb, or Avalanche which yesterday flew very high. ADA only went up 2x, and for me it's still lacking. ADA should be higher than that.
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