Luna just became the new Shiba Inu

[Len Saldua]

You should watch the latest Alexander Lorenzo video where he says he discovered quite a few whales are holding Shiba in their portfolios. Not saying it's a proper investment, but I think it's better than Dogecoin for fast gains. Get in, 100X, get out. That should be the strategy with these meme coins. Now Luna is no meme coin, but it's probably on its way to become the most talked about crypto in history, after Bitcoin and Ethereum.

[MFahad]

You should watch the latest Alexander Lorenzo video where he says he discovered quite a few whales are holding Shiba in their portfolios. Not saying it's a proper investment, but I think it's better than Dogecoin for fast gains. Get in, 100X, get out. That should be the strategy with these meme coins. Now Luna is no meme coin, but it's probably on its way to become the most talked about crypto in history, after Bitcoin and Ethereum.

This is what happened in the last few days are not good for crypto Market. Luna incident broke people's trust and now it's very hard for any country to accept or legalize Crypto. Top 5 coin with best ecosystem suddenly become memecoins and made rich people poor. Shiba Inu is much better than Luna because it's not down like Luna.

[Len Saldua]

Just noticed Luna is ranked 33 by CoinMarket Cap now. Not saying it deserves that, but coins ranked around 30 usually respond well to market volatility. Especially coins that have fallen and are trying to get back up.

[Maestro75]

there is a college student who lost a lot because he bought LUNA...

I joined a Facebook group and then the guy shared about his huge loss, he stupidly used his college money to buy LUNA.

But if he had succeeded in making profit everyone would be calling him a wise investor. Now everyone will be blaming him. That is how strange life is. It is sad that Luna is down and those who hold it do not know its final destination yet. Everyone is apprehensive and lost with what is happening right now in the market. Once in life everyone has taken a decision that went the wrong way and no one should behave like they are wiser now.

[kesmex]

I don't know if they are still eligible to hold or not, what I'm sure is that many traders, whales or investors also know the risks,
moreover the trust in LUNA has also been lost, if I had to choose, I would prefer SHIBA over LUNA for the long term

[Viscore]

I know it sounds crazy but hear me out. Crypto is mostly about speculation, lets be honest.'
(...)

Exactly and people should not only focus on terms of the prices of cryptocurrency or they are just here because of money like an investment. They must first appreciate the real use of cryptocurrency, like how it works or the real use of it in our daily lives.

Speaking of Luna and UST, I was really surprised about it, I didn't expect it will go that low, -100%, gross. It seems it is impossible for Luna to reach it even $1, the supply is extremely high, as time goes by it will be abandoned or forked, depending on the decision of the team.

No one is expecting that Luna will end up like this, the reason why those who came to invest huge amount for Luna, also loses huge funds this time. This made us realized that there's no consistency in crypto, its impossible to be profitable all the time. But if we always follow the most basic rule, invest what we can afford to lose, then we will never lose this much.

[naira]

Let's see from 3 types of categories of people about this.
1. Investor: he will buy for the long term and will not occasionally sell in the short term. For whatever reason, investments only fall on Bitcoin.

2. Trader: of course only intends to trade it within a certain timeframe, more specifically short-term trades. Usually, they trade on altcoins. When coupled with investment intentions, for example, the LUNA incident should serve as a lesson.

3. Speculators: who mostly bet on shitcoin expect the price to rise to $1. We often see Shitcoin holders: Dogecoin, Shiba, and now a new type of Shitcoin has emerged called LUNA. Is it suitable to invest in LUNA? possible, if you are ready to bet with all your own finances.

[nurilham]

Some said its the new Doge because of its huge supply, many speculating they can achieved $1 in no time but this will not happen until no burning of supply happens, this is the ultimate weapon for tera to recover stop minting, repeg ust and so that they can burn more luna coins on circulation, if this happens luna price have the possibility to recover at least a dollar. 

Luna is a new Doge or a new Shiba Inu, basically it is no difference. Both Doge and Shiba Inu are meme coins, people call Luna to be the same as a meme coin because it looks like has no future. But I think it is too early to claim this, Luna team still makes some efforts to rise Luna price again. Achieving $1 is possible if the team can make a good solution. Burning may be one of the ways, but I think it is not enough to bring the price to $1 again. The team must make a bigger effort.

[eaLiTy]

~
So if Shiba Inu made 100X or whatever, I think LUNA can match or even set a new record. It's no longer about the failure of UST or the lack of foresight of the founders, it's all about speculating that LUNA could one day become a good ( not great ) project again. Now let me go check my LUNA balance... Just bought 1 million tokens 

LUNA already made that gains because investors were lazy to read the whitepaper and they trusted what the developers are claiming and thought an algorithm based stable coins would be the biggest adventure and if anyone invest in them thinking that it would rally, it would be wishful thinking.

Despite saying that, i wont be surprised with the team coming out with a new project and restart the process once again  .

[Vaskiy]

Shiba entered as a memecoin and now the progress is big in terms of development and partnering. In the last 24 hrs through its self burn process Shiba have burnt 1 billion Shiba tokens which isn't a big value against the fiat value. By the same time a whale titled BlueWhale0073 have bought 110 billion Shiba tokens. So, Luna entered the market as a much expected project and has now turned to be a memecoin.

[CaVO32]

Shiba entered as a memecoin and now the progress is big in terms of development and partnering. In the last 24 hrs through its self burn process Shiba have burnt 1 billion Shiba tokens which isn't a big value against the fiat value. By the same time a whale titled BlueWhale0073 have bought 110 billion Shiba tokens. So, Luna entered the market as a much expected project and has now turned to be a memecoin.

Luna's situation today is really disappointing to the crypto community. This is why many people are getting discouraged to enter in this market because of project like this. Failing without a warning even if we know the people behind the project. How can they run after them even if their faces are publicized? They can always give the reasoning of bugs or something like that. But at the end of the day, they are the ones benefitting from this but the regular holders are the ones suffering from this catastrophe. Lesson learned, better stick with btc. Even if it goes down, there's very high chance that they can recover.

[DanWalker]

there is a college student who lost a lot because he bought LUNA...

I joined a Facebook group and then the guy shared about his huge loss, he stupidly used his college money to buy LUNA. in the LUNA telegram community, many have suggested buying LUNA at the current price but I don't believe it's a wise call because the price of LUNA has been badly destroyed. investing in LUNA today is really a big risk, don't give your money to irresponsible developers like LUNA developers.

A lot of people spent big money to catch dip when luna fell and almost all lost when luna price crashed, including seasoned investors, not just new investors.

Yes, investing in Luna today is like playing the lottery waiting for our luck to come. Luna is nothing more than a shitcoins pump and dump . This is a great lesson for the whole market, not every investment in topcoins will always be safe and profitable.

[LouVandetta]

This tragedy with Luna is proof that you can lose everything in a single night and also you can get a lot if you have the gut to take the risks.
Luna as of now is like a gambling more than trading imo. And it's trying really hard to get back up again. It's kinda amazing seeing all the supply and their marketcap.

[blue Snow]

Luna is a new Doge or a new Shiba Inu, basically it is no difference. Both Doge and Shiba Inu are meme coins, people call Luna to be the same as a meme coin because it looks like has no future. But I think it is too early to claim this, Luna team still makes some efforts to rise Luna price again. Achieving $1 is possible if the team can make a good solution. Burning may be one of the ways, but I think it is not enough to bring the price to $1 again. The team must make a bigger effort.

That possibly will come true or not at all, the investor has 2 choices to leave and stay until recovery which I think is impossible to back to the price at $100+. The difference is Shiba's statistic is not too extreme while Luna is more like a jet coaster under a 90° degree angle. So If I have a choice, I will leave it and move to another investment. Even I have lost 100%, at least not soo deep as other people, and now someone is taking advantage of this and got profit at least 200% when but it is under $0.0001.

[killerjoegreece]

Luna is a good example on why we should not trust new smart contract code even if audited. The algorithmic part was the problem here in my opinion and how it got exploited using a lot of money.

[rozak]

Luna is a new Doge or a new Shiba Inu, basically it is no difference. Both Doge and Shiba Inu are meme coins, people call Luna to be the same as a meme coin because it looks like has no future. But I think it is too early to claim this, Luna team still makes some efforts to rise Luna price again. Achieving $1 is possible if the team can make a good solution. Burning may be one of the ways, but I think it is not enough to bring the price to $1 again. The team must make a bigger effort.

That possibly will come true or not at all, the investor has 2 choices to leave and stay until recovery which I think is impossible to back to the price at $100+. The difference is Shiba's statistic is not too extreme while Luna is more like a jet coaster under a 90° degree angle. So If I have a choice, I will leave it and move to another investment. Even I have lost 100%, at least not soo deep as other people, and now someone is taking advantage of this and got profit at least 200% when but it is under $0.0001.

seeing how Luna's graph moves are indeed very stressful. I'm sure some of Luna's investors are thinking about how Luna will be able to return to her best price. it would take a very long time if that were possible.
some must have come out even though at a loss. and those who still believe can buy again at the most basic price. and right now we can see improvements happening quickly from Luna.
a different case, of course, from what happened to Shiba.

[cheezcarls]

Oh well, it looks like those who have luckily bought the dip when it was either at 4 or 5 zeros are now happier than ever. I see that someone who bought LUNA for only $4 worth of LUNA now have almost $400. They love to gamble no matter where the future holds for LUNA, so yeah I think that it is now treated like "Shiba Inu".

If I did gambled back then for only a small amount, I could have made big money too. But I choose not to, because I am not a fan of it anyway. I still go for Bitcoin as the best coin for long-term investment, especially doing DCA (dollar-cost averaging).

[hashrateproducts]

Shiba is the basis of most misfortunes now because they have printed a trillion dollars of this currency and the main purpose is to raise the market capacity to the maximum extent possible in the least possible time.
So we can see the similarity between what is happening with Sheba and with Luna team printing a lot of coins to increase them MarketCap

Shiba Inu is one of the coins that have trend in the market and have also made so many hodlers millionaires and also sent people back to trenches. The same thing was applicable to Terra Luna. These coins don't just pump, they rise for a reason and fall for a reason. Those who bought Luna as if the. For Long term, have big losses and even got their accounts liquidated while those that waited for this terrible dip, made enough profits from the coin. One thing is to have capitalz and the next thing is Know the coin to bagged.

[FairUser]

Honestly, I was standing outside watching the play they were doing. It was really dramatic. But what I see in Luna now is that they are trying to save the situation, but let's look at the truth now. We have seen a lot of investors who have lost all their assets and are really stuck. And who is the seller? Who is the buyer? I'm not sure what their V2 plan is going to do, but I personally recommend it to anyone who is contemplating getting involved with it. If you're not involved or have made a little profit in the past few days with this shitcoin, you should be satisfied and not continue to FOMO according to it. As for the next developments, I think it will not escape the financial fraud investigations and soon see the CEO pay the price. I have seen the most unethical person I have seen in the crypto space, and it is a pity for his human life.

[Dart18]

Predictions are mostly off when it comes to Bitcoin. Imagine that, only one of those whom you follow had the correct one and it might just be a lucky guess.
About Luna, it's not the new Shiba Inu because it has a project to back it up. But the only problem here is when investors are disgusted about what happened. It may increase again, no doubt, because of it's cheap price but look out for those who are stuck because they will sell anytime and that means another dump. Less purchasers and more waiting to sell just to escape is not a healthy market anymore.