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

[fuguebtc]

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.

Luna crash has already given enough damage to the market which is evident from consistent bearish trend after this unfortunate incident. Honestly speaking it has scared away Investors which is  visible when we look at declining coinmarketcap that simply means capital  flight from crypto market. Market participant fear further crash in many other projects like Solana and even stable coins are vulnerable because all of them are not fully backed by Fiat dollars.

The collapse of Luna sent the entire market into a state of panic, no one could have imagined that a potential coin was born and developed for many years and today it has achieved brilliant results and collapsed almost completely in less than 2 weeks.
This has been a real shock to the crypto industry and I think people are starting to be more cautious in their investments. Luna showed us how even a good coin can collapse at any moment.

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[Kemarit]

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

[RealMalatesta]

It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

That is true, it is a hard lesson, but a lesson the whole market needed to have. I mean we started to trust things just because they are high ranked for years now because of the bull run. Now, thanks to Luna and UST crash, people are not looking at even top 10 as a sure thing, nothing is guaranteed anymore and that matters a lot.

I believe that we need to provide something to the table that makes a lot more sense. I know for a fact that it won't be easy, but if we adjust to "anything bad could happen" mindset, then we will take a lot less risks, be a lot more long term, and be a lot more patient with the markets and make a ton of profit.

[Saisher]

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

If you're an old investor and you lose when it crashes and you invest again that's double jeopardy for you, Luna is crashing and Do Kwon is being summoned by SEC and the Korean authorities, it's obvious where they are heading, they are heading to their downfall, what happened to Luna is unprecedented and people have now something to watch out, and that is a sign that another coin will head the way as Luna went, so better check the developers of the coin/token you're holding see if they are manipulative and hard-headed like Do Kwon.

[ultrloa]

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

If you're an old investor and you lose when it crashes and you invest again that's double jeopardy for you, Luna is crashing and Do Kwon is being summoned by SEC and the Korean authorities, it's obvious where they are heading, they are heading to their downfall, what happened to Luna is unprecedented and people have now something to watch out, and that is a sign that another coin will head the way as Luna went, so better check the developers of the coin/token you're holding see if they are manipulative and hard-headed like Do Kwon.

Maybe just think about that never to hold any alts way below the top 5 on the market because we already see how Luna wrecked by the attack and this could also happen to any other coin so we should always think about selling when in profit rather than holding it continuously which can give us bad taste just like what we see on supposed to be a good coin and stable one manage by Do Kwon. Now for sure its very hard for them to recover because many investors lose some interest to them already.

[Cling18]

^^ It's a hard and very expensive lessons for everyone, but I guess it's inevitable. I'm just having thoughts of it collapsing in a bull run? Will it has a chance to bounce back?

Nevertheless, as majority of us see, billions wipe out in matter of weeks. And then Do-Kwon has the audacity to revived it with Luna 2.0. But I doubt that investors are going back to crypto market as what happen has a foot print. The effect and the damage was too much and it might really scare away newbie investors.

The damage has been done so I guess it's already over for Luna. The investors won't trust them again because of what happened and we can't blame them for that because they have lost a lot. However, I don't think it will stop old investors would get rid of investing with other altcoins because of what happened. Old investors experienced things like these before so they already know that it's part of the risk of crypto investment.

[masterrex]

Absolutely because it's a negative issue thats why it can affect the investor's confidence and mindset, but I think it's not permanent because it's not the first time that something happen like this, so it will return and back to normal after the Luna issue will fade away.

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.   

[crwth]

Absolutely because it's a negative issue thats why it can affect the investor's confidence and mindset, but I think it's not permanent because it's not the first time that something happen like this, so it will return and back to normal after the Luna issue will fade away.

I think that's always to be a case when you cannot really understand or show the fact why it happened in the first place, hearing about the negative news would cause an outcry to not invest in it anymore. When there is more positive news, definitely it will be forgotten and would be a reason to come back to cryptocurrency again.

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.    

You should look at it from the layman's point of view. If you don't know anything about cryptocurrencies and then you are risking money to invest in something like this, it would be really challenging to overlook a big issue like Luna. It's not going to be a good thing if you don't know or study anything about it. It's going to be hard to and they might get scared of it happening to them again.

[monineklutak]

oh yes of course investors will be afraid, I also invested in LUNA and lost 99%!, from $ 1000 to $ 1 only,
how? don't you feel afraid if you experience this incident?, especially now that LUNA has a new token, LUNA 2.0,
haha this is a bullshit coin! and I'm really away from him

[wxa7115]

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.

Luna crash has already given enough damage to the market which is evident from consistent bearish trend after this unfortunate incident. Honestly speaking it has scared away Investors which is  visible when we look at declining coinmarketcap that simply means capital  flight from crypto market. Market participant fear further crash in many other projects like Solana and even stable coins are vulnerable because all of them are not fully backed by Fiat dollars.

While it is disappointing that a coin that turned out to be nothing more than a scam can have such a negative effect in the market we need to accept the reality, the disaster brought by Terra Luna is not something that is going to disappear anytime soon and it will be forever remembered not only in this market but in almost any other market.

And while I have not promoted to others the benefits of bitcoin for a long time, this event has made many times more difficult, for those that do to try to attract more people to this market, to convince people to join it, as they will see what happened to Luna and they will think such a thing can happen to bitcoin as well.

[carlfebz2]

Anyway, the market has full of potential so why focus on the Luna negativity? Instead, we must explore something new and find a way to counter this Luna dilemma, why not invest in a Gold token it's a Stablecoin backed by Gold in 99.99 percent purity it's a long-term project thats why it's safe.   

We should not always focus in one stream, coin or investment always have some backup. It’s good to invest in crypto if we know how to trade and sight a good coin. There is risk like investing with Luna and it will be a lesson learned to extra be careful and to monitor properly our investment same with any type of investment may it be gold, real estates or etc. We must know where we are putting our money and the risk it have.

Always Set a Plan B or C or even more whenever you do make out investment because not all would really be a successful one which means that you do need to have some good plans on how you would gonna

handle yourself on various situations.Does LUNA incident will really scare away investors? No.... We've seen lots in the past and some of them didnt still learn from those past mistakes
thats why they do continue to play with fire or into those projects which doesnt even have that actual utility or potential or simply being driven with hype.
I dont know on what they do really love to consider it out.

[fenican]

There is definitely a perception out there right now that 95% of the coins out there are just a white paper and "team", plus some bad copy and paste code, with nothing tangible or worthwhile backing them. At least Bitcoin, Ethereum and a few others are actually used in commerce. Similar to the great Altcoin collapse of 2013 when the vast majority lost 98% of their value. Some of these coins honestly have even less going for them than say a Feathercoin or Sexcoin particularly all the truly asinine attempts to use a blockchain where decentralization is not needed and there are vastly better solution to the same problem; i.e. all the "web 3.0" garbage.

[eaLiTy]

There is definitely a perception out there right now that 95% of the coins out there are just a white paper and "team", plus some bad copy and paste code, with nothing tangible or worthwhile backing them. At least Bitcoin, Ethereum and a few others are actually used in commerce. Similar to the great Altcoin collapse of 2013 when the vast majority lost 98% of their value. Some of these coins honestly have even less going for them than say a Feathercoin or Sexcoin particularly all the truly asinine attempts to use a blockchain where decentralization is not needed and there are vastly better solution to the same problem; i.e. all the "web 3.0" garbage.

You have a point here and it is a fact that majority of the projects in this space are simply pump and dump and are here for the developers to make money when the market is fairly new and that is why we see more tokens and projects popping up on a regular basis and for a while the Luna debacle will scare away investors especially new ones who lost a large sum of money and then there are many who lost every profit they made during the rally this time around and what i found interesting is that there is a serious thought about how trustable these stable currencies are.

[Sayeds56]

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

It was very unfortunate that some people committed suicide because of huge losses which they could not manage to handle and their depression reach to the level that they finished their life. I deeply feel sorry for them but we should always keep in mind that no investment is risk free and  markets are always very cruel so we should always use stop to limit our losses and and I firmly believe that any trading or investing in crypto or stock market without using a stop loss is nothing but gambling so always use risk management tools.

[passwordnow]

Did anyone of you see that tweet and became a trend on how much Do Kwon has been cashing out all over these past months? It's $2.7 billion of dollars that he has taken into his exchange accounts. But with the news that I've found, he's denying the claim. Well, you're gonna think of it where the money has gone through when it's just falling into pieces and the new version of it has fallen together with the market.

[yazher]

Did anyone of you see that tweet and became a trend on how much Do Kwon has been cashing out all over these past months? It's $2.7 billion of dollars that he has taken into his exchange accounts. But with the news that I've found, he's denying the claim. Well, you're gonna think of it where the money has gone through when it's just falling into pieces and the new version of it has fallen together with the market.

He might be just playing the victim here but in the reality, he is smiling behind those fake tears. People should really ponder upon this incident if they wanted to preserve their crypto assets because, in the blink of an eye, they can lose all of their hard-earned crypto from trading or from their own life savings. Looks like this will be a headline for the rest of the month since the so-called 2.0 LUNA still failed to gain momentum and it is falling.

[Oceat]

Did anyone of you see that tweet and became a trend on how much Do Kwon has been cashing out all over these past months? It's $2.7 billion of dollars that he has taken into his exchange accounts. But with the news that I've found, he's denying the claim. Well, you're gonna think of it where the money has gone through when it's just falling into pieces and the new version of it has fallen together with the market.

He might be just playing the victim here but in the reality, he is smiling behind those fake tears. People should really ponder upon this incident if they wanted to preserve their crypto assets because, in the blink of an eye, they can lose all of their hard-earned crypto from trading or from their own life savings. Looks like this will be a headline for the rest of the month since the so-called 2.0 LUNA still failed to gain momentum and it is falling.

We can't tell exactly what was happening but let's just accept the fact that someone just made a profit and that's the risk of investing in crypto. People should really learn how to minimize the risk and stop being too greedy because there are always whales at the top of the market and they can basically just eat you whole if you keep on holding in a hyped driven coins.

It does happen in the past already but people seem to not care or maybe they just getting too comfortable seeing how bullish the market was but it has all an end, it's just that some of us didn't expect it.

[Tony116]

I don't know if LUNA's downfall will scare away investors, but it will definitely make investors very careful. Now investors must think twice before investing in altcoin except top altcoin such as ETH, BNB or Bitcoin. However, seeing LUNA's downfall, small investors may be scared or quit new investment.

This is an expensive lesson for everyone, not all top coins will be safe, they can drop at any time like luna did. Secondly, investing in cryptocurrencies is very risky, the luna crash caused a lot of people to die from losing all their assets when investing all of them in Luna. So I hope everyone should invest only with money that can be lost without affecting other people as well as our daily work.

[virasisog]

Did anyone of you see that tweet and became a trend on how much Do Kwon has been cashing out all over these past months? It's $2.7 billion of dollars that he has taken into his exchange accounts. But with the news that I've found, he's denying the claim. Well, you're gonna think of it where the money has gone through when it's just falling into pieces and the new version of it has fallen together with the market.

The new version is still another exit strategy of Luna and I guess they already know that it couldn't save the original version of it. Wherever they took the money, it can't deny the fact that Luna isn't trustworthy anymore but there's a part of what happened that we can't blame because we're really on the bearish market and everything has fallen. The investors got no choice but to move on but they can't expect anything from Luna again after the bearish season.

[Miaallen]

The LUNA crash is really putting serious investment senses into people in the Cryptocurrency world nowadays. And it is scaring the new ones away. Many have taken the little profits they are able to gather to invest in gold and stocks until there is a green light for the next bull run. We were already entering the bear market but the LUNA crash accelerated it and dipped its effects on almost all of us.