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

[uneng]

I don't think so, it was an isolated case without any effects on other top cryptocurrencies. As long as investors stay away from shitcoins and altcoins which features similar ecosystems of TERRA (LUNA) they will be fine. The LUNA crash was a learnship for many altcoins' enthusiasts to be more careful in the future regards the conceptions and innovations this market offers. Stablecoins look simple, but that is a sensible matter demanding valuation reserve in non-volatile assets or currencies, such as gold or dollar, instead of cryptocurrencies, like TERRA's CEO tried to do.

[prosperoustop]

I think luna showed that we cant believe in crypto projects even from TOP! also I am shocked that stable could fall)) it could be manipulated!

[Vaculin]

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 sudden downfall of Luna will always create negative impressions on the crypto market but that won't stop those greedy investors who will keep coming in the market despite of the current bear season. Well, Luna may still recover in the future, i really hope so. And what we feel towards the market today is only temporary, good coins will always recover after some time.

[BitcoinPanther]

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

The Luna Market crash will definitely leave a negative impact on crypto market.  Those who catch the news will definitely got discouraged.

Is there light at the end of the tunnel for the whole crypto/Blockchain industry?

Don't make the downfall of Luna looks the end of the crypto industry.  Luna is just one of the many projects in the cryptosphere.  A downfall of one project does not mean that the cryto industry is doom beside Luna does not represent the Crypto Industry.  There are lots of project that are performing well, delivering the promised roadmap.  You can take Bitcoin as an example.  Even though Bitcoin is at the current Bear market, many countries are planning to adopt it.

[bitkanu]

People lose money and these people will start to tell what happened to them to the public and the new people will be feeling scared to buy this coin. The domino effect is applicable in this case once someone lose money and others will be feeling bad with it. So many people are also blaming the market but the fact if that's luna team's fault and so they are creating wrong accusations to market as they didn't know who was the main problem in this case. Im sure that anyone know so well about this too

[Rengga Jati]

The crash price of LUNA and UST really warn us about the risks of cryptocurrency. But it doesn't mean that crypto-only has risk, actually, it's balanced, crypto has worthy things for profits but also has risks that we must face. And the crashed price like LUNA is one of the risks that we must face.

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.

Btw, in my opinion, there are some conditions:
1. For professional or old investors
No, this will not scare them, but this will warn them to be more carefully, wisely, and smartly in managing the crypto-investment
2. For people who lost much in LUNA
They are the ones that are very suffering, so some of them may be likely traumatic with crypto.
3. For common people
They will think that crypto is exactly scam, as usual

[WalkerIVIV]

this has indeed damaged the reputation of cryptocurrency market but luckily at the same time stocks market are also experiencing the same thing that is basically losing majority of its value
you’ve seen thousand billions of dollars also fleeing from stock market I guess its just like a crisis around the globe.
if the current cryptocurrency market could somehow recover back, atleast bouncing back to 80% of its former price it could still be saved, otherwise it will have quite difficult time having investment flow.

[teramit]

yes

[JeffBrad12]

It's not only scare away the investors from crypto but triggering so many countries in demand to release the regulation for the stable token. This gonna be a domino effect for all of crypto ecosystem. The regulation will become more tightening than before. People are still in demand to get back their money from luna developers. The total tokens in the circulating supply keep increase from time to the time. This pretty similar like time bomb for luna. The crypto ecossytem gets negative impact from the fault that already made by luna developers.
You must welcome regulation for the stable token soon. Luna is the worst thing that i have ever seen and so many stupid people bought this garbage coin

[Blowon]

I am sure that the LUNA incident will not deter investors at all, especially if they are old investors from 2018 who have often faced project conditions like this. But for ordinary people, they will be really afraid to invest back into cryptocurrency, surely they think that crypto is a real gamble from the LUNA incident. And the info I got was that at least some people committed suicide because of this, that's what's terrible.

[kidbounty]

Btw, in my opinion, there are some conditions:
1. For professional or old investors
No, this will not scare them, but this will warn them to be more carefully, wisely, and smartly in managing the crypto-investment
2. For people who lost much in LUNA
They are the ones that are very suffering, so some of them may be likely traumatic with crypto.
3. For common people
They will think that crypto is exactly scam, as usual

I agree, for old investors will not scare him. there are even among them who still buy luna at the lowest price and earn big profits. but for those who buy at high prices, it will be a disappointed for a long time. and ordinary people who are new to crypto must think that crypto is an investment with very high risk.

[sulis sudibyo]

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.

there may be a feeling of fear, but not as big as the desire to get a big profit. The average person who buys crypto is aware of the risk of losing their funds, and they can compromise with that because their goal of buying is getting rich quick. You can ask friends or people you know. what is their main purpose of buying crypto like bitcoin, ethereum, bnb and others. most would say to get a big ROI. they know there are a lot of problems like scam projects, hacks etc and they think it's normal.

[cdog]

I am sure that the LUNA incident will not deter investors at all, especially if they are old investors from 2018 who have often faced project conditions like this. But for ordinary people, they will be really afraid to invest back into cryptocurrency, surely they think that crypto is a real gamble from the LUNA incident. And the info I got was that at least some people committed suicide because of this, that's what's terrible.

That not all investors have assets in holding Luna coins so that only some investors are traumatized because they did not have time to cut losses during a decline, but even though they were not actively trading at Luna, the drastic decline that occurred in Luna was the most terrible in crypto history.

[Mehedi72]

I believe because of luna, most of investors start losing trust on crypto market. Cause if top coin like luna can scam, then scamming will be more easier for others altcoins! That was a worst incident and dont have any hope or strategy that could let luna come back to its primary structure. But i also believe, this is temporary, new people will forget luna (except investors) and they'll join crypto market for others altcoin

[robelneo]

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.

In my case, I did not invest in Luna and I'm an old investor who has already seen a lot of bad things although this is the worse in one coin, that doesn't stop me from believing and investing in Cryptocurrency I know that the market is highly volatile and old investors like me will not be sway with what happened to Luna, I cannot speak to other investors but we all made profit from one coin to another one time or another and one setback will not stop us.
Maybe new investors will have a second thoughts but this is not Bitcoin where the mechanism is highly stable, compared to this dollar peg coin.

[wheelz1200]

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.

Why?  Cryptocurrency as a whole has seen so many "Luna's" co.e and go.  If bitconnect didn't scare anyone away why would luna.  I mean yeah people who lost a ton in luna might be weary but in general it's not going to scare the masses away.

[topman21]

Such a situation in Luna will surely frighten new investors. Those who invested in Luna ate a lot of loss. This loss will put every person in a lot of fear.I think every investor should learn something from this. One should not invest in something and leave it after making enough profit.Some profits should be sold.

[kawetsriyanto]

Normally yes, at least it will give a warning for investors to be more careful in investing. Moreover worse by the media that make many new or old investors also panic and afraid of the situation.
Actually, LUNA is one of the top coins, but in fact, even if it is a top coin, it can drop significantly like shitcoin that is crashing very deep, until the price seems almost to be zero at that time
However, glad that Luna still has a chance to rise up although it still cannot rise up significantly to turn to the previous price, it will be very difficult.
The crashed price ofLuna of course will teach us many things, moreover, investors to be careful and smart investing. Investing in altcoins will be always risky, that is why never be all in when we are investng. Diversifying our money into several top coins is good enough.
Moreoevr the most money is used for investing in Bitcoin, this is great enough.

[TimeTeller]

Normally yes, at least it will give a warning for investors to be more careful in investing. Moreover worse by the media that make many new or old investors also panic and afraid of the situation.
Actually, LUNA is one of the top coins, but in fact, even if it is a top coin, it can drop significantly like shitcoin that is crashing very deep, until the price seems almost to be zero at that time
However, glad that Luna still has a chance to rise up although it still cannot rise up significantly to turn to the previous price, it will be very difficult.
The crashed price ofLuna of course will teach us many things, moreover, investors to be careful and smart investing. Investing in altcoins will be always risky, that is why never be all in when we are investng. Diversifying our money into several top coins is good enough.
Moreoevr the most money is used for investing in Bitcoin, this is great enough.

It may create panic especially for newcomers in crypto.
But it won't stop them to invest in this market as there are other promising alts that they can see in this market.
And this will also give them lesson that even a seemingly solid project can crash in this market.
How many times have we seen a solid project crashed, and yet, there are still people who continuously support this market?
It goes to show that even if people are getting screwed by these crap projects, they still hope for the best for other coins.

[keyscore44]

The level of fear across the cryptocurrency market is extremely high. I think there is no doubt that this is due to the collapse of the LUNA project in the last days. At the moment, LUNA is not able to get up simply for technical reasons. Even if they manage to fix the mistakes in the project, it still have very little chance of rebuilding the previous position on the market. In my opinion, this project is a thing of the past and will never get back on track.