hyudien
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May 12, 2022, 08:51:43 PM |
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Down 100 % on CoinMarket Cap !! What !?!
Luckily, I've also never dropped any money on Terra before or after this incident. Honestly, I just watched all the news about Terra falling so deep. Throughout the history of cryptocurrencies, Terra catastrophe has left a lasting mark. Because of the impact, it turns out that many say this has been planned from the beginning and has been structured.
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albon
Legendary
Offline
Activity: 1890
Merit: 1537
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May 12, 2022, 09:42:39 PM |
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Down 100 % on CoinMarket Cap !! What !?!
In my opinion, the Luna coin is now destroyed and died due to its team making TerraUSD closely related to it as this algorithmic stable coin failed and had a huge negative impact on Luna coin, and because its investor base lost confidence and credibility in it, so I see that it is impossible for Luna coin to rise again after it dumped so hard in several days unless a miracle happened, so we have to learn the lesson, that there is no safe investment other than Bitcoin and that the team is the most important part of the project.
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btc_angela
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May 12, 2022, 09:50:42 PM |
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Yes but if you check the "All Time High" numbers down below to the right, it says 100 %. But even though it's that far down it keeps dropping in decimal value numbers ! And rank position too... I sold at $36 , and I thought I was too late...
Mathematically will never be 100% unless the price crashes to 0.00000000000000000000000, at the moment is 0.005. But probably the point is that it has lost so much value now, checking cmc it is down to 98% and trading 0.013$. This could be one of the worst this year, or during the bear market. It is reported as well that the blockchain has temporarily halted because the price almost go to 0. Everyone was just talking about them last March if I'm not mistaken, when they start to go headline about buying bitcoin in the billions. Now, almost all of it's value is gone because of the bank run they experience on their stable coin.
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cryptomaniac_xxx
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May 12, 2022, 09:54:47 PM |
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Down 100 % on CoinMarket Cap !! What !?!
There are still a few percentages remaining. It currently shows down by 97.09% and that's close to 100%. This coin changed a lot of lives when it hit ATH and now, it had also changed a lot of lives but negatively. When it has reached a centavo value with what has made it look like it had the rug pulled. Feeling sorry for those people that have heavily invested on it and don't even hold a bitcoin. Oh well, another big lessons for us that this project will do some rug pulls, even if you think that they are really trusted because they are showing their real faces. Good thing is that I didn't bother to look at this coin during it's run last year, from 1xx% now close to 0, what a massive turn around. And with that, feel sorry for those investors who buy in late, definitely they are not going to get out with their money and hopefully again, this is a learning process for everyone.
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kaya11
Full Member
Offline
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
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May 12, 2022, 09:58:41 PM |
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Couldn't really believe a project a big as it was can be literally be gone in few days. According to Do Kwon tweet days ago they were lending thousands of BTC to market makers. His followers doubt it since they send out all the 70K BTC on their wallet and its sort of liquidated. Worse than Bitconnect scam. And some of us thought it would bounce quickly right? Anyone who bought the dip must have lost it all.
That move they've made is already a red flag, how come they wouldn't notice such liquidation off BTC? Too bad for the people who invested on LUNA, now their money are gone forever. This is an eyeopener to everyone who doesn't know what brings a meme coin. Better to invest on BTC than any other shitcoins out there.
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CaVO32
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May 12, 2022, 10:01:18 PM |
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Down 100 % on CoinMarket Cap !! What !?!
There are still a few percentages remaining. It currently shows down by 97.09% and that's close to 100%. This coin changed a lot of lives when it hit ATH and now, it had also changed a lot of lives but negatively. When it has reached a centavo value with what has made it look like it had the rug pulled. Feeling sorry for those people that have heavily invested on it and don't even hold a bitcoin. Oh well, another big lessons for us that this project will do some rug pulls, even if you think that they are really trusted because they are showing their real faces. Good thing is that I didn't bother to look at this coin during it's run last year, from 1xx% now close to 0, what a massive turn around. And with that, feel sorry for those investors who buy in late, definitely they are not going to get out with their money and hopefully again, this is a learning process for everyone. Do you think they can't recover from this downfall? And slowly, exit the market? They said they restart the blockchain - https://www.coindesk.com/business/2022/05/12/luna-issuer-terra-halts-blockchain-after-week-of-losses/, but will this address the decline of LUNA and UST? I have the feeling that they won't recover this easy. Who knows, they are about to exit even if they are showing their faces? But who will seriously run after them?
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boty
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May 12, 2022, 10:56:45 PM |
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they doing alot to save ust ,but luna price keep falling til 0,00xx now. maybe all scenario they used will useless due investors faith that gone now.no one will buying UST or luna again what ever DO kwon do. all of this done now , let us move on and find another project to recover our loss in Luna. recover from this downside would not be easy thing for developers team
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X-ray
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May 12, 2022, 11:21:47 PM |
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Scam coin will always be going down like this nomatter what already happened to recover it and market already distrust this scam coin. The price is adding more and more zero infront of it. I would not be surprised if so many people gone bankrupt. It's caused by the big money have been taken by the whales. So many new poorguy were coming from luna and im interesting to watch where this drama will be going on.
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NicNacCoin
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May 12, 2022, 11:25:09 PM |
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Down 100 % on CoinMarket Cap !! What !?!
We all know everyone said Luna year. Truly this year was Luna year. One wonders how such a standard and such a popular coin turned into a scandal.People were investing in Luna. I bought and invested in these Luna coins myself. I bought Luna at the highest price for $97.But I did not sell, now I have a lot of losses.Many people have lost a lot of money from this luna.
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Wildwest
Sr. Member
Offline
Activity: 1569
Merit: 327
Vave.com - Crypto Casino
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May 12, 2022, 11:41:14 PM |
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LUNA is one of the coins that make many investors suffer, and the decline that occurs at this time to the lowest extent, this is indeed the risk of us investing in a bear market and will be a valuable lesson for investors who have already bought LUNA coins, and they sell when they are experiencing heavy losses and there is even a platform to collect LUNA withdrawals because of the very high withdrawal volume and deletion can also occur because of the problems faced by the LUNA team at this time very big.
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TribalBob
Sr. Member
Offline
Activity: 1358
Merit: 257
DGbet.fun - Crypto Sportsbook
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May 12, 2022, 11:52:15 PM |
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Yes but if you check the "All Time High" numbers down below to the right, it says 100 %. But even though it's that far down it keeps dropping in decimal value numbers ! And rank position too... I sold at $36 , and I thought I was too late...
it's never too late if it's still valuable and profitable even if it's only 1%, the problem is those who buy above and haven't had time to sell Congratulations to you for being able to read Luna's current situation, at least you have saved a little money
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jossiel
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May 13, 2022, 04:17:06 PM |
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Down 100 % on CoinMarket Cap !! What !?!
There are still a few percentages remaining. It currently shows down by 97.09% and that's close to 100%. This coin changed a lot of lives when it hit ATH and now, it had also changed a lot of lives but negatively. When it has reached a centavo value with what has made it look like it had the rug pulled. Feeling sorry for those people that have heavily invested on it and don't even hold a bitcoin. Oh well, another big lessons for us that this project will do some rug pulls, even if you think that they are really trusted because they are showing their real faces. Good thing is that I didn't bother to look at this coin during it's run last year, from 1xx% now close to 0, what a massive turn around. And with that, feel sorry for those investors who buy in late, definitely they are not going to get out with their money and hopefully again, this is a learning process for everyone. With those tweets, they seem to be trusted. But there's nothing to justify right now, this is a clear rug pull even with those reasonings and solutions. A project that keeps on sinking and nothing is being done. Hiding in the shadows of network failure and nothing is being done. I also don't have this coin but there are too many reports of suicidal thoughts because of their lost to this coin.
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zidanw
Sr. Member
Offline
Activity: 1162
Merit: 258
1xbit.com
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May 13, 2022, 04:24:52 PM |
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I don’t think that anyone could be really convinced that this will be recovered. With its current state, and still dropping lower, this is somehow could be seen as a hopeless case. A lot of people have lost so much and it is really a terrible event for this to happen. And why did it even end up to this situation when it was going so well? But still, praying for the best, for these people to somehow get back what they have lost.
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TheClownSong
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May 13, 2022, 04:52:52 PM |
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Down 100 % on CoinMarket Cap !! What !?!
Luckily, I've also never dropped any money on Terra before or after this incident. Honestly, I just watched all the news about Terra falling so deep. Throughout the history of cryptocurrencies, Terra catastrophe has left a lasting mark. Because of the impact, it turns out that many say this has been planned from the beginning and has been structured. honestly few days ago i am put sell on around 85$ but unfortunately i didnt hold it and prefer close it when my daily trade fill. before its crashing i am worry if they sell bitcoin to pegged their ust rate . techincally it have reversal sign luna will make deep correction but i dont totally know about correlation ust and luna. from i am read in twitter it said luna attack was structure and set by reputable banker in crypto firm.
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erep
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May 13, 2022, 04:54:24 PM |
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Hiding in the shadows of network failure and nothing is being done. I also don't have this coin but there are too many reports of suicidal thoughts because of their lost to this coin.
It's ironic that there is so much news about suicide but I hope it's just an issue not real news, indeed the level of frustration because of losing Luna is very high but suicide is the worst option to end it, I think in the near future there should be attention from institutions to facilitate repairs the psychological condition of traders who intend to end their lives, they must be motivated to continue living for a better life.
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arifteguhr
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May 13, 2022, 05:33:45 PM |
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I don’t think that anyone could be really convinced that this will be recovered. With its current state, and still dropping lower, this is somehow could be seen as a hopeless case. A lot of people have lost so much and it is really a terrible event for this to happen. And why did it even end up to this situation when it was going so well? But still, praying for the best, for these people to somehow get back what they have lost.
A tweet from binance has updated the status on Luna and UST's resume listings with the BUSD pair, so I don't know the reason behind it all, but there's a pump going on now as if to recover losses from previous investors but I'm not sure resume listing attempts are a good solution when traders suggest removing Luna over from the listing list.
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Kingairdrop
Jr. Member
Offline
Activity: 552
Merit: 1
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May 13, 2022, 05:52:19 PM |
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Down 100 % on CoinMarket Cap !! What !?!
Yes you are quite right, it actually went 100% down and the trading trading pairs were deleted by binance to help save more investors from buying. But currently trading as been restored and price is coming up gradually. I hope the price gets to at least 1usd so i can quickly withdraw my funds.
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Moeda
Sr. Member
Offline
Activity: 1587
Merit: 271
Enterapp Pre-Sale Live
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May 13, 2022, 06:17:43 PM |
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Down 100 % on CoinMarket Cap !! What !?!
Coinmarketcap does not display a chart down percentage of more than -100%, while the chart up percentage can be more than 100%. Actually Luna coins have dropped more than 10000% from the previous price. Luna's price has dropped from $100 to $0.0001177 currently.
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ninis45
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May 13, 2022, 10:13:12 PM |
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bullshit with luna i personally think luna project is the biggest scamer in this year because many holders including myself lost money and maybe regret buying damn ust-luna
and there's nothing to hope for anymore back just 1$ dollar it's a miracle to throw it away
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Vatimins
Sr. Member
Offline
Activity: 987
Merit: 289
Blue0x.com
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May 14, 2022, 03:06:57 PM |
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Now the blockchain is stopped, transactions are blocked. This is the right decision, because in a few days we would have over 100 billion LUNA coins.The founders have very big problems, they will be sued and criminal cases will be brought against them, so negotiations are underway now.The LUNA team agrees to all the conditions of large funds, because they have no choice.
It's really sad seeing TerraLuna end up like this. I personally see Luna as a great project ever since I heard of it late 2019. And since then I have been accumulating little by little. And despite selling last year on november, I was looking for better entries. I never expected that this would happen. It originally had good utility. Maybe the devs are to blame for some bad decisions but yeah, big investors are to blame as well for pulling out. But then again, these investors have every right to pull out and protect their money. No one really wanted this to happen but there's nothing to be done about it anymore, I don't even think luna will be able to get up from this, sigh..
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