Now, now...  let's not be so hasty in our judgement.  Buying on the dip is part of the investment, and we can't fault people for wanting to get rich.  That's why we invest.  

I was one of those buying after the hack/attack/whatever-cause.  My gripe is that many of us were not aware they added almost 6.8T coins IN 3 DAYs to the existing 764M coins (a regular company would need to have shareholders vote on increasing outstanding shares)...  that's almost 9000 times more!!!...  and dilute its value a lot more than it would have been on its own downward.  By the time we found out (end of the 3rd day), it was too late.

I'm not mad about buying before it collapsed, whatever the price was, when there were 764M outstanding coins ...  that was fair and square.

I'm mad about buying more when it started to get below $1 while they were adding 6.7T coins in 3 days, and kept diluting its value, while not telling investors about it in advance, or NOT TO BUY.  Didn't know they could do that because any publicly traded company would need to have its shareholders vote if they want to increase the number of outstanding shares.

good catch...  i was looking at USDT (tether), not UST (terra)...  thanks.
( terra, tether, smh...  should just invest in titties and have some fun  )

still a big scam to add $6.7T to the number of circulating coins though (unless you know something else I missed).

Does anyone have good info on the new proposed LUNA vs. classic LUNA?

Whatever quantity you bought before the crash, when the total # of coins in circulation was 764M should be converted to New LUNA, 1 to 1.

Whatever you bought after the crash, when they started diluting the hell out of it by adding 6.7T more coins should be converted to Classic LUNA, 1 to 1.

Any thoughts?

LUNA will never recover in term of its previous price.

Before the crash, its price was around $80, with 764M coins in circulation, giving it a market cap of $61B.

But they increased the number of coins to almost 6.8T in 3 days (added 1.8B on 5/11, 185B on 5/12, 6.7T on 5/13), so if you simply divide the market cap before the crash by 6.8T, you would get $0.009... let's round it up to $0.01, or 1 cent.  So even if LUNA can get back to its pre-crash market cap, what was worth before at $80 is now only 1 cent.

What bothers me is that if a company wants to increase the number of outstanding shares, they would announce the board recommends it, but still goes thru the process to get shareholders to vote.  Not here, Do Kwon and his board just quietly did it, and diluted LUNA value to nothing, but did not tell investors NOT TO BUY...  Looks like a big scam to me, especially now that the UST is back at $1 and stable.

This is what I have been telling people i know.  Buying on the down is normal, but what many people, including me, did not know is that while we were buying, they diluted the hell out of LUNA value by increasing the number of outstanding coins to almost 6.8 trillions...  yes, trillions... from their existing 764 millions:

5/11/22:  added 1.8 billions
5/12/22:  added 185 billions
5/13/22:  added 6.7 trillions

If a company wants to increase the number of outstanding shares, they would announce the board recommends it, but still goes thru the process to get shareholders to vote.  Not here, Do Kwon and his board just quietly did it...  Maybe there are people who got this news early, but we only found out late on 5/13.  Had we known on 5/12, we would not have bought.  Just dividing market cap before the attack (when it was at $80 x 764M coins) by 188B coins at the end of 5/12, we would realize it's shitcoins... wouldn't even need to wait for 6.7T more on 5/13.  Looks like a big scam to me.