Will LUNA's downfall scare away investors from the crypto market?

[Abiky]

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

[Rruchi man]

Do you think LUNA's downfall will scare away investors from the crypto market?

The situation surely have created a temporary scare for investors who like to invest particularly in new projects. Many have lost a lot and most definitely their faith in the market has definitely reduced. The crash was substantial. I however feel that although people may become more reluctant to invest in new projects, it will not stop people from the crypto market which to some have given more than it has taken from them. There is still hope for LUNA by the way.

[cabron]

With how Luna turned out, an investor would be paranoid which of the tokens in his portfolio be the next that will pop because if it does have a stablecoin in its platform, its could very well likely be attacked.

But its not the only reason why they are scared, its because were in the bear market. The fud and fear come along with tragic Terra Luna's demise.

[shinratensei_]

It's not only making so many people scared to see that but remember that so many influencers with big followers were also being affected caused by this dump and they were loosing millions dollars of money. The LFG funds were not enough to give whole of refunds to the all of investors.
The ability for the project to wake up again from its sleep is almost zero for now. Many people in the market have been loosing their life and some even ended their life by doing suicide which was the worst decision that can be taken.
The life was only once and it can't come again and people must think about that but the problem was developer didn't even care.

[Coyster]

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why?

It could, but i would argue that it will only scare away people who know little about the crypto network, let us be honest, quite a lot of investors who bought that project did so basically cause of hype, and a bid to get rich quick, i am pretty sure most of them did not do their homework/research, they just thought of it as a medium to double their money, and we all know what is likely to happen when investors do that.

Now the thing is this, for investors who have been around for so long, and who know a lot about pump and dump coins, they would not be too worried or scared away, even if they lost money to the project, they would understand that it is the risk one has to take when you invest with such pump and dump project, but for investors who are prolly relatively new to the network and straightaway lost money to Luna, i am pretty sure that could be the last time they invest, at least in a long while, till they do their homework.

Having said that, non-crypto people are not left out as well, all of the news about Luna would give them many more reasons to avoid crypto all together, but quite a lot of them wouldn't understand that the problem isn't with crypto generally, but the particular network you invest in.

[Abiky]

With how Luna turned out, an investor would be paranoid which of the tokens in his portfolio be the next that will pop because if it does have a stablecoin in its platform, its could very well likely be attacked.

But its not the only reason why they are scared, its because were in the bear market. The fud and fear come along with tragic Terra Luna's demise.

The bear market alongside LUNA's collapse will scare away investors within the short-term. Long-term speaking, things will get better as crypto/Blockchain tech continue to take the world by storm. Even though prices are going down at a fast pace, development is still happening behind the scenes. Cryptocurrencies will become much faster and cheaper than before as new scaling techniques are implemented into the Blockchain. With the upcoming ETH 2.0 upgrade, the increasing adoption of Bitcoin's Lightning Network and new "De-Fi" platforms with attractive features, crypto is bound to become Fiat's biggest rival in the future. As long as decentralization prevails in the long run, nothing else matters. Just my thoughts

[aprilnot]

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

I think it won't scare investors who want to buy crypto. but on the other hand there will be long-term impacts such as regulation. It's undeniable that for the past few days everyone's attention has been on the Luna problem, and that's why this could be an excuse for the government to make regulations.

[MAAManda]

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why?

Of course not for today's crypto market investors, because we have been through things like this even though we weren't the main victims, do you still remember the case of NXT, or the first big bearish Bitcoin?

What I'm afraid of is how the new potential investors in crypto will respond, of course the news about Terra (LUNA) spreads everywhere, and people who have never been in crypto also know the news about it. If potential new investors in crypto are frightened by the news about Terra (LUNA), then the market cap will be very difficult to increase.

Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

Why not? Decentralization is a system of freedom, and everyone will fight for it.

[FairUser]

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

Some individuals are still stubborn with the recent developments. I think Luna's issue has had a great impact on the participants' perception of investing in financial markets, not just the crypto market. I am very bullish on this market, but my priority is always safety and not the search for instant profits. Everyone will probably be happy or sad with the strategy they follow. Currently, the problem of not having a clear direction from the beginning always comes with risks, and subsequent excuses are only superfluous when all failures do not help those who see the problem of money as unduly important in society. I personally think there will be a significant rebound or growth in the near future, but I won't see this anytime soon and patience has been a factor that has kept me out of the crowd these past few days.

[Jackl87]

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.

[RussianEnglishTranslation]

The market is largely unregulated, which means VC, whales, exchanges and institutions can manipulate it how they see fit. Don't get shaken out. Invest in blue chip cryptos, like IOTA, ICP, and 0xMR and hodl until the next bullrun. I think ICP should see the next big pump.

[jrrsparkles]

This isn't the first time a trending cryptocurrency goes all the way to zero but with this UST it happened in matter of hours which scared but will make the investors to be more aware of their next cryptocurrency investment over staying away from it completely. However people who went bankrupt probably never get back into while most people learn something from this and become better investors in the future.

[babygun]

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.

It will have an impact, as the news of the crash of Luna was also in some popular newspapers. However, when we get to a new bullmarket again, a lot of people will have forgotten about Luna and will be tempted to become an investor as they think it will be easy and quick money.

[Furious 7]

in this case there may be a bit of horror because indeed it is like a nightmare. a lot of people did lose their money and there were some news reports that there were people who got depressed and even decided to commit suicide.
but on the other hand isn't this still ongoing and indeed we are also required to think rationally because life goes on.
regardless of anything, this is indeed a disaster but on the other hand of course we still hope that something like this does not happen again in the future even though it is still possible for something like this to happen

[|MINER|]

Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

I if ask me that question I will say yes, Even if it is small, it has created fear. If I told my word, I will not be investing in any new cryptocurrency other than  or Bitcoin, Ethereum, BNB. Even then, I think the other alt-coins have learned from the mistakes have made by Luna and their stable coin UST .

[ryzaadit]

Nope for the crypto-market, but this will make people scared to trusted with "stable-coin/token" name.

What, people things even some people who don't understand the project itself. They think, stable coin/token value is always same and never gonna down. Witht he recent case of $LUNA & UST make people worried for stable-coin.

USDT is also one of the scary stable token, why? because some people speculation the pegged money is only around 60-70%.

[DeathAngel]

It might scare LUNA investors away from investing heavily in crypto again. It’s best to just invest in the main coins though, there’s always a chance centralised shitcoins can end up this way. Buy bitcoin as often as you can & hodl, that’s the best advice you’ll get. Everything else is a lottery.

[Doell]

It might scare LUNA investors away from investing heavily in crypto again. It’s best to just invest in the main coins though, there’s always a chance centralised shitcoins can end up this way. Buy bitcoin as often as you can & hodl, that’s the best advice you’ll get. Everything else is a lottery.

To end up like that there is always a possibility for centralized coins, I agree with your opinion and the examples are there too. Investors may hold off for a while in the short term to start again in any coin because of the fall of Luna, not a few people lost, but that's not in the long term, I'll also answering OP question, I think Investors not scare, and will start again to profit from the losses incurred because of Luna, they will Invest do this either on the main coin or in another new trend later.

[erep]

It might scare LUNA investors away from investing heavily in crypto again. It’s best to just invest in the main coins though, there’s always a chance centralised shitcoins can end up this way. Buy bitcoin as often as you can & hodl, that’s the best advice you’ll get. Everything else is a lottery.

Many investors experienced losses that varied up to millions of dollars from Luna and UST, I think it is impossible for someone not to be frustrated from the most bitter events of all time, because it never happens that stable coins can fall to the lowest coins, so maybe some have given up on conditions which is unacceptable and expect the Luna project to rise to new developments.

[Mame89]

This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.

There is some investor Luna committed suicide because of losing a massive portfolia according to social media information. About investment must have the risk of being able to make a down or fear by not wanting to invest anymore. Behind the Luna investor disaster there is a lesson, that mental is the main for our souls not destroyed