Luna Crashed!

[Yawa2020]

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.

[1713251026]

1713251026

[hZti]

Well the whole system failed (who would have thought ), but maybe there are ways to rollback the blockchain. Still Im not very optimistic with the whole project. I think everybody has to decide themselves because you can't know how the developers react, which is kind of the whole problem from the beginning.

[joeperry]

Heard the news and bought yesterday around $0.1 but now the price is way more lower than what I expected. I haven't heard the news that dozens of people are killing themselves because of this crash, can you send some links? Many people's lives are destroyed in less than a day. I see some famous social media user bought $2M of LUNA as an investment but right now his current asset in LUNA is $1,000 but it goes lower as of now so I think it is lower than $1,000.

[LoyceV]

Do you think Luna can still recover from this price menace?

Only if people are stupid enough to fall for it again.

if you think it will not recover, what is your advice to the investors?

Don't invest in throw money at BS that's only created to make the creator rich. That includes:

Altcoins, ICOs, Forkcoins, "stable" coins, Defis and NFTs

[RealMalatesta]

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 didn't just crashed, it actually evaporated and it's gone. DO not imagine for a second that it will ever recover, reality is that it's fully gone and will never recover. We have seen death of a coin, and it was always known.

Anyone who has invested into any other algorithm stablecoin before would know that the system doesn't work, sure the "logic" of it may look solid, but if you use enough money then you could take all of their money and make their stablecoin go down, so the algo fails when put more money than the system has against it. If you knew this, you would have stayed away from it and that is what I did, I learned my lesson a year ago, so this wasn't new.

[Taskford]

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.

I'm also surprised on what happen to Luna to since they are one of the top coins I looking up to and its really sad to see money burned for many investors due to this situation happen to them. I wonder what Do Kwon do some counteraction on this.

Also the reported suicides are fake base on this article https://www.thereportertimes.com/technology/fake-suicide-news-went-viral-after-terra-luna-coin-crash/ so best not to believe what you read on internet without any proof.

[RILWAN]

I don't don't get what recoveryis a can recover anything from hoe event as most if those at the beginning that gave them in the market to see their clawing government

[WalkerIVIV]

the total supply of luna already inflated so much, regaining its former price would be such a difficult thing to do unless it could somehow surpass the market capitalization of bitcoin, even their proposal of creating new altcoin based from their luna snapshot could also hardly bring any success since lets be frank, here, how many of you gonna trusts a founder of coin that went literally from hundreds of dollars to zero in just a matter of a day, I bet so many of you gonna be careful in investing into such altcoin coming from the same founder.
I think luna is pretty much done for.

[TribalBob]

Do you think Luna can still recover from this price menace?

luna is not to be loved anymore, the losses suffered by investors are very painful and I think luna takes a long time to win the hearts of investors before the price returns to the original before the incident
And that's if there are still people who want to invest funds in Luna

[Scripture]

the total supply of luna already inflated so much, regaining its former price would be such a difficult thing to do unless it could somehow surpass the market capitalization of bitcoin, even their proposal of creating new altcoin based from their luna snapshot could also hardly bring any success since lets be frank, here, how many of you gonna trusts a founder of coin that went literally from hundreds of dollars to zero in just a matter of a day, I bet so many of you gonna be careful in investing into such altcoin coming from the same founder.
I think luna is pretty much done for.

I've heard a lot of rumors about the burning system of LUNA, I'm not pretty sure about this one but I'm remain hopeful since I was able to buy at the bottom and still have some profit as of the moment. If LUNA are able to burn huge number of their supplies and this revival plan becomes a successful, there's a chance for at least a $1 with LUNA, maybe before the year end especially if the whole cryptomarket recovers.

[Lanatsa]

Do you think Luna can still recover from this price menace?

luna is not to be loved anymore, the losses suffered by investors are very painful and I think luna takes a long time to win the hearts of investors before the price returns to the original before the incident
And that's if there are still people who want to invest funds in Luna

But surprisingly where everyone had thought that it would be dead completely but still its price do make out some pullback where it did really get some value and raise up its price and there are still people
whom do take risk or do love to play with fire with LUNA on the current value that it has.So its a personal choice and risk taking whether you do still consider on making out investment on this one
or would totally ignore because of that obvious pump and dump scheme i should say plus having that 9T overall supply isnt something that you could ignore on.

[shinratensei_]

This will never recover again. Too many stupid people are only thinking this shit scam coin will recover while the fact said the opposite thing like luna has become one of the worst thing in the crypto history. This is even worst compared with bitconnect.
so many people are loosing their money and they can get only small refund for their investment. this is sad but so many new poor guy has come caused by luna.
This coin is destroying anyone's dream. Scamming bunch of people with its unstable algoritmic non stable token

[evichi]

This is an unfortunate situation in the crypto space. I pray this situation does not repeat itself again. According to binance LUNA algorithm failed leading to de-pegging from USD. At the moment, IMO recovery depends on the team and what lead to the de-pegging. If the team mean well for the investors they can make some concerted effort to recover. When the unfortunate incidence happened, Binance communicated to LUNA team, but there was not response from LUNA team, thereby making it difficult for Binance to take some steps that may have helped the situation. At the moment, I am yet to hear any news from LUNA team what went wrong and the chances of recovery. LUNA recovery will depend largely on their decision.

As regards those who lost their assets on the LUNA and UST investment, I will advise no one should hurt himself or herself. I always believe that once there is life, there is hope. Secondly, it has been discussed in this platform a number of times that you should always invest what you can afford to loose. This is one one the most important investment adage that should not be ignored.

[StarKay]

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 will never remain the same again even if it survives because the whole model has collapsed, I expect ANC and UST to go down. Most investors already lost their money but if they invested the amount that they could afford to lose then they should be fine, for others who overinvested they should remember that there is more to life than money and they should speak out and get help from their loved ones.

[ItsNotSean]

6.5 Trillion $LUNA are already minted, with 2 Billion UST still to be redeemed for $1 USD worth of $LUNA each. You're looking at Quadrillions of $LUNA eventually.

Its worthless.

[yazher]

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.

That's why we need to take care of ourselves when it comes to money decision-making because this is not a joke and some people turn out to be using their own savings to invest thinking that it might get doubled in a week and guess what? it turned out to be worthless and shits. I pity those people who ended their life just because of wrong decisions, they could have regained back the money and used their experience to not fall into such kind of trap again in the future.

[lablab03]

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.

realy? Probably they put all their savings in luna and become hopeless coz of the situation which is reason they committed suicide.  I hope you all guys stay calm and relax! Infact luna is a legitimate project so for sure they will make a way to fix the problem.  And stop wasting your lives coz of as long as you didn't sell you still have a chance to recover all losses.  Just keep believing and don't lose hope.

[uneng]

Real or Fake?

The fake news story about Luna Coin crashing and causing suicides is completely unrealistic. There are no statistical data to back up this claim, which means it can’t be true – even though some people believe otherwise!

The news of “8 Confirmed Suicides due to Luna Coin Crash” went viral on Social Media. The story initially started popping up in Pakistani-based media outlets and then made its way onto major Crypto-related Twitter handles – though many have called out these accounts for reporting fake information as they were never able to confirm any such thing happening at all!

Media outlets all over the world were alerted to this controversial story when a Twitter handle claiming ownership of Luna Coin released a statement on their website that eight people had killed themselves due to its recent plunge in value. The first source for viral claims found among those who believed it was legitimate? A Pakistani user @republicdotpk with more than 10 thousand followers!

8 Confirmed Suicide Due to the $Luna Crash. Why Luna Crashed? Truth & Reason Explained

There are no confirmations anyone has suicided because of LUNA crash. So far, the only one to have died on this story is LUNA itself. News and social media profiles telling the opposite are just trying to profit income and popularity through clickbait and fake news.

About LUNA's recovery I'm not sure, because it seems the ecosystem doesn't work at all. Stablecoins must be attached to fiat currencies instead of cryptocurrencies to maintain stability in price while keeping the environment safest as possible for investors.

Anyway, Terra's CEO has come to his twitter saying there is an action plan which consists in "deploying $1.5 billion in capital – in BTC and in UST – to defend the peg".

[Jating]

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.

I doubt that it will recover soon, history tells us that if a altcoin (shitcoin) reputation has been damage, either by rug pull, a lawsuit by SEC (you can make an argument against XRP) or any other things, it will be hard to recover.

And as we can see in Luna's case, this seems to be pre-meditated and might have been plan after all, just saying. So can you trust the person behind all of this or their projects in the future?

[bounceback]

After the massive meltdown that is happening to Luna at the moment, I think it will be very difficult or almost impossible for the project to experience immediate recovery, although the project developers will make recovery efforts, but this will not make investors believe in Luna coins again because as we have seen with several other shitcoins when a crash occurs then a lot of people or investors just walk away.