Holy Crap ! Terra is gone to zero ?!?!

[raidarksword]

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.

[maydna]

Down 100 % on CoinMarket Cap !! What !?!

That's what happens in the crypto market. No one ever thought that Luna could experience such an incident and cause many people or investors to suffer losses. This is a valuable lesson for all of us always to be careful choosing coins for investment because there is no guarantee that the coins will last for a long time. But who knows, Luna still has a chance to rise again after what the developer did to provide some important updates to the project. If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

[shinratensei_]

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.

Have you ever seen bitconnect? that's pretty similar with what happened on luna, bitconnect was also on the top 10 cmc but this ponzi token was dropping drastically after the founder declared that if bitconnect was a scam. The different thing is if luna was getting fail to repeg its ust and this is affecting the whole of ecosystem. In my opinion if you must aware it doesn't even matter whether that's bluechip or not but as long as there was something wrong with it and it can go down drastically.

[RussianEnglishTranslation]

Terra was a scam from the start and people are finally starting to realize that. It was hyped by VC and a couple prominent youtubers and these insiders were able to cash out using the Terra reserves before the collapse. Fortunately for retail investors, some projects are offering aidrops to Luna holders, like CandleLabs, and others are poaching developers- both $CNDL and NEAR protocol.

[tvplus006]

...If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.

[doomloop]

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.

It's normal to not see this coin on the 2016 era because terra coin was only created at 2018 but I think this coin and ust have only started crashing by this year 2022. That means the coins have been performing good for almost 4 years. No wonder why many people have invested huge on those coins because they already feel confident.

It may be unbelievable to you or to some to think that some take their lives only because they lost their investment on terra and ust but that things do really happen. There are even commit suicide without even losing anything on investments but they are just depressed. There are just people that are highly sensitive.

[Tenger]

Here you can read about hte dissolving
https://cointelegraph.com/news/court-documents-reveal-do-kwon-dissolved-terraform-labs-korea-days-before-luna-crash

[bounceback]

...If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.

After the collapse that happened to Luna, I think it will be very difficult to get investors to believe again in the project because even if the developers from Luna will do something positive that will have a positive impact on Luna's price, it will definitely not work in the near future at least it will probably take some time a bit longer especially now that Luna's coin supply has increased by a large amount.

[maydna]

...If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.

I don't know and am not sure about that because as you said, the investors lost their trust in Luna after the big crash, making them lose big money. But your scenario makes sense because the investors want to recover their loss from Luna by selling the compensation, but I am not sure if that can cover the loss. It is still a mystery for Luna and a big question to us if Luna can regain investors' trust with the upgrade of the project. So let's wait and see what will happen to Luna.

[asriloni]

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra.

This is crypto. When you are doing wrong with your project and this can be a disaster for your project that can make the price to go to the zero easily. The crypto market was very volatility and mostly of projects already build based on the trust with the users. I would not be surprised the big project can worth zero value like this. This is not the same like the stock market. This is open market when anyone can do anything for their investment.

[mdzahed134]

Is it a good idea to buy some LUNA now??

Then it will be very risky investment because of you know luna is pump and dump coin at the moment, and i see a bad news something like that korean police will go to stop luna foundation. But it’s depend on you, if want to short term investment then you can invest small amount of money but never hold it for the long term then high possibility to vanish your money.

[erep]

Then it will be very risky investment because of you know luna is pump and dump coin at the moment, and i see a bad news something like that korean police will go to stop luna foundation. But it’s depend on you, if want to short term investment then you can invest small amount of money but never hold it for the long term then high possibility to vanish your money.

There has been a lot of bad news about Luna recently about the investigation of the case of losses from UST but until now the news has not been proven to be verified, because Do Kown is still active for the Luna V.2 program without the facts of arrest as reported in many news. So actually the news can affect Luna coins directly because its movement is very sensitive depending on the updates of any news on Twitter and Luna official group.

[BlackBaron]

This is crypto. When you are doing wrong with your project and this can be a disaster for your project that can make the price to go to the zero easily. The crypto market was very volatility and mostly of projects already build based on the trust with the users. I would not be surprised the big project can worth zero value like this. This is not the same like the stock market. This is open market when anyone can do anything for their investment.

We must be aware of the basics of volatility in the crypto market because anything can happen unexpectedly, the Luna coin has increased drastically before the bulls so bad things have happened if the price will return to a lower price, if the team is not prepared to anticipate something that could happen outside of market analysis.

[Silberman]

Down 100 % on CoinMarket Cap !! What !?!

That's what happens in the crypto market. No one ever thought that Luna could experience such an incident and cause many people or investors to suffer losses. This is a valuable lesson for all of us always to be careful choosing coins for investment because there is no guarantee that the coins will last for a long time. But who knows, Luna still has a chance to rise again after what the developer did to provide some important updates to the project. If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

Unfortunately for all of those that invested in Luna it is too little too late, it does not matter what kind of changes are made to the coin, it is never going to recover, Luna is without a doubt going to leave a mark that it is going to be impossible to erase from this market but unfortunately it is not going to be in the way they wanted, from now on when people think of a scam or a failure in this market they will immediately associate those words with Luna, making any recovery impossible in the process.

[Samurai trieng]

Terra was a scam from the start and people are finally starting to realize that. It was hyped by VC and a couple prominent youtubers and these insiders were able to cash out using the Terra reserves before the collapse. Fortunately for retail investors, some projects are offering aidrops to Luna holders, like CandleLabs, and others are poaching developers- both $CNDL and NEAR protocol.

I don't believe terra luna from the first time it was said to be a scam, because I saw this coin having a very impressive growth where the highest price of $44 was ever reached, have you done research on TERRA LUNA before, why do you say terra luna is a scam?,, , but before this accident happened many people had benefited from luna, even though in the end this coin sank to zero, but at its core terra luna was not a scam from the beginning of its existence.

[Nazmul012]

Mathematically not 100% but generally it can say 100%. Not only it turned into zero but also it make people zero who trusted and invested with luna. Even still it going below but i wonder some people still is in hope that It'll recover or atleast go up. But thats not possible anymore. Luna is now luna classic, is end. Team are busy to development their new luna but who will trust them again!

[Grim149x]

Ithink not going to zero buy new luna and hold it wait for the bullrun and soon luna will hit 200 usdt soon again. Also hold lunc soon it will good like ethereum classic

[RussianEnglishTranslation]

Down 100 % on CoinMarket Cap !! What !?!

Terra was a scam from the start. Anyone who did some research could see that it was unsustainable. I'm glad I put my money in FTM and CNDL. FTM is starting to recover in price and CNDL didn't get affected by the market dump. I'm also buying MATIC at these prices and I hope you do the same.

[TheGreatPython]

It's not in the hype stage, but I mean the price shown when the luna is high is the same as the hype is running, the proof is that Luna is not able to stay in the high price for a long time, investors no longer have high hopes on luna, even though further development uses Method 2.0, I think Luna's development is almost over for now and it's difficult for Luna to reach her highest score in the future

I believe that even if they manage to fix the issue that caused them to go down, the nature of the market is if people sell, the price goes down. So, they can't fix that and I believe that there will be ton of people who will end up selling as soon as they get it, which makes it a reasonably horrible idea.

This is why I believe that we should be focusing a bit more towards making something of worth, and not something that will be recovered too easily neither because they are going to suck again. Why would anyone care about their word anymore, their word means zero to people, and all these new stuff BS will end up on their face for sure.

[ilovealtcoins]

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.

This has never happened before, this is really the biggest shock I have ever seen in the market. Luna's crash was worse than a shitcoin. I'm sure no one would have expected it to happen to a market leading coin like Luna, this only happens with shitcoins.