Do Anyone Think Luna Will Recover?

[d3nz]

It will depend if Do Kwon will still try to recover the Luna. There is a possibility it will recover soon but it might take years and get listed again on exchanges. And, I think that Terra is really a great project, and hoping they will resolve this kind of issue and make a comeback, some people are still waiting and holding their luna even though its value really plummeted and currently trading for the value of $0.00005425.

[dwminer1]

I'm not sure what's going on, but I just checked the circulating supply na coinmarket: https://coinmarketcap.com/currencies/terra-luna/



Is this some kind of bug? Can someone explain this?

[UserU]

Damn, never expected many to sacrifice their life savings for Do Kwon's pocket.

Just going to Reddit and seeing those "I lost everything" posts is already depressing enough.

[Crypto Library]

As Usual, The coin has the potential to recover, but at present things are extremely uncertain.

Because, Founder of Terra creator Terraform Labs, tweeted on Tuesday: “Close to announcing a recovery plan for $UST. And He Hangs tight On His Words.”

He added on Wednesday: “I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this.

I never imagined that Luna's prize would drop that much, it was just beyond my imagination or the imagination of many people. Including me and my friends circle, Many have invested in it. We are all going through losses now. It is difficult to say whether Luna will be able to recover, as all the news that comes after it is detrimental to Luna's future.

[islamnaome]

i Hope  well recover this project

[capedbaldy]

Is this some kind of bug? Can someone explain this?

It's not a bug because Luna detailed data on Coinmarketcap has not changed from the start, so I was surprised at the time of Luna bullish price why people pumped Luna, even though they knew the risk of investing in coins that had no maximum supply limit. So it's best to avoid investing in pumped altcoins because of the hype, especially since coins don't have a maximum supply limit.

[perla]

I don't think this project will still recover as you can see the UST is also struggling to get to $1 again. I accepted my lose and my investment in Luna is now gone and all I can do is miraculously wait for it to recover again, Imagine some people who buy Luna at $90 they probably regret it.

[LastKiss]

As Usual, The coin has the potential to recover, but at present things are extremely uncertain.

Because, Founder of Terra creator Terraform Labs, tweeted on Tuesday: “Close to announcing a recovery plan for $UST. And He Hangs tight On His Words.”

He added on Wednesday: “I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this.

They're focusing on recovering $UST not recovering LUNA token, I assume when $UST is recovering they will make a new brand LUNA token with the new system. Well, it's only my opinion and I'm interested to see what will happen in the future because Do Kwon said he will have a plan for recovering $UST.

[southerngentuk]

I no longer think about the project's resilience as now so much has happened and we are all seeing it happen as the biggest scam in the crypto space. Now their credibility in this space is gone, and how will they regain the trust of the community, who have lost a lot of money and also committed suicide because of the funds involved Luna ecosystem. I also watched some people around me try to buy more Luna and hope for her to recover, but the joy was short-lived, and they continued to wallow in business with losses they thought would trigger a gauze can.

[Google+]

I never imagined that Luna's prize would drop that much, it was just beyond my imagination or the imagination of many people. Including me and my friends circle, Many have invested in it. We are all going through losses now. It is difficult to say whether Luna will be able to recover, as all the news that comes after it is detrimental to Luna's future.

Those who experienced losses with LUNA, please be patient and patient because it was completely unexpected by everyone at this time after seeing the previous LUNA developments as long as the market was still in normal conditions, but for now I think many people will stay away from LUNA.

[arifteguhr]

Those who experienced losses with LUNA, please be patient and patient because it was completely unexpected by everyone at this time after seeing the previous LUNA developments as long as the market was still in normal conditions, but for now I think many people will stay away from LUNA.

Of course, it is too time consuming for someone to monitor the development of Luna coin as it has caused huge losses to thousands of investors, so it is better to add the top altcoins to the list of recommended coins to invest in bear market.

[tomahawk9]

Damn, never expected many to sacrifice their life savings for Do Kwon's pocket.

Just going to Reddit and seeing those "I lost everything" posts is already depressing enough.

yeah reminds of the 2017 bubble finally popping, seeing big crypto projects vanish and tons of people losing their money is devastating

but, to answer OP's question, this coin is dead, binance delisting Luna was the final nail in the coffin

there are some people saying that Luna are planning to do a rollback? sounds crazy, but it's probably just users trying to cope

[Questat]

That was hard, unfortunately. This is what we called risk in investing in a project that doesn't have a backup plan, unlike Shiba Inu. To assess how this situation went on, we can't decline such a doubtful view of this project and less likely it will recover after Binance was giving up on it. We neither expect this to happen, however, the choice of luna for investment seems not really at its best. I presume that many are suffering losses to this unexpected abrupt decline of Terra Luna but we don't have to think this will be the end of this project, maybe we have to hold it for awhile, let us see what will happen during the next halving.

[ice18]

This is really unfortunate for LUNA, hopefully they can still recover if this algorithmic stable coins really work then they must recover from this catastrophe otherwise this is a failed stable coin, they still have Bitcoin reserve and for sure this will be use for the recovery plan they said on social media account lets wait for it, the damage is really bad LUNA price almost 0 today and delisted on Binance and many exchanges, lets wait for any updates on what will happen within the next few weeks.

[Bonenx14]

This is really unfortunate for LUNA, hopefully they can still recover if this algorithmic stable coins really work then they must recover from this catastrophe otherwise this is a failed stable coin, they still have Bitcoin reserve and for sure this will be use for the recovery plan they said on social media account lets wait for it, the damage is really bad LUNA price almost 0 today and delisted on Binance and many exchanges, lets wait for any updates on what will happen within the next few weeks.

Any effort will be difficult to make to restore Luna price condition, because if they were able they would have done it from the start so as not to cause all this to happen, so I think there is no hope for Luna and I would like to convey my concern for all the huge losses to all investors.

[viananda2525]

Damn, never expected many to sacrifice their life savings for Do Kwon's pocket.

Just going to Reddit and seeing those "I lost everything" posts is already depressing enough.

we heard alot sad story due this rug pull. Many news in tweeter spread sad news how investor lost their huge money. Even some of them use hot money from their saving. In local group i see alot people claiming they frustation with this condition and even want to suicide. From this case we must set proper plan about our investment and never be greedy when we get good profit.

[pawanjain]

Damn, never expected many to sacrifice their life savings for Do Kwon's pocket.

Just going to Reddit and seeing those "I lost everything" posts is already depressing enough.

yeah reminds of the 2017 bubble finally popping, seeing big crypto projects vanish and tons of people losing their money is devastating

but, to answer OP's question, this coin is dead, binance delisting Luna was the final nail in the coffin

there are some people saying that Luna are planning to do a rollback? sounds crazy, but it's probably just users trying to cope

That feels like Deja Vu. The 2017 bubble popping up in 2018 was indeed disastrous.
I am just concerned about those people who lost their money completely in this LUNA crash.
Many of those people would now lose faith on crypto as a whole and may be never invest in any cryptocurrency.
There's nothing we can do from our side as well. We can just give our moral support because so many people lose their money.
Luna was one of the top 10 coins and such a thing happening to one of the top 10 coins is really defaming crypto.

[ethereumhunter]

This is a sad story experienced by Luna investors who invested heavily in Luna coins because I read on Reddit that many people suffered losses of hundreds of thousands of dollars. I can't imagine how their fate will be with Luna's sharp decline and it looks like it's over because Luna is very difficult to increase, even to only reach $1. It's a difficult situation but some people take advantage of this by buying Luna in bulk in the hope that Luna's price will rise again. But the chance to go up won't be any bigger but who knows.

[UserU]

yeah reminds of the 2017 bubble finally popping, seeing big crypto projects vanish and tons of people losing their money is devastating

but, to answer OP's question, this coin is dead, binance delisting Luna was the final nail in the coffin

there are some people saying that Luna are planning to do a rollback? sounds crazy, but it's probably just users trying to cope

I felt that. Think about it, almost every shitcoin mooned like crazy and the next thing is that the crash hit most of us like a truck.

Well, I saw the news that their blockchain got suspended from operating as Terraluna is trying to modify the protocol to prevent more people from minting the LUNA tokens, as its supply has inflated to 6.5 trillion.

[Rupok]

You are right at present things are extremely uncertain.Lona Allready has lost her position.Once it falls, it is not so easy to come back to that place.Day by day Luna will be decreasing price.Everyone thinks Luna has scammed.Many people have lost money with Luna.I don't know what happened to Luna.But I think Luna should return to its former position.