Abiky (OP)
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May 23, 2022, 01:19:18 AM |
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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.
Long-term speaking, the crypto market will gain confidence among investors and traders alike. But don't expect any capital inflow across major cryptocurrencies right now. Sadly, prices are heading south because of the LUNA crash. There's a lot of FUD across mainstream media outlets, temporarily damaging crypto's reputation. If you're smart enough, you'd take this opportunity to buy as much discounted coins (not LUNA, of course) as possible. I'd stick with the good-old coins (eg: Bitcoin, Ethereum) just to be safe. With every new technology, we're expected to see "hiccups" along the way. As long as issues are addressed, crypto/Blockchain tech will become bigger and stronger than ever. Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Frengki_cisco
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May 23, 2022, 05:32:21 AM |
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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. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I've tried to find sources about investors related to Luna, for now I don't find investors who say they are afraid, but the losses they experience are there, but they are not saying they are afraid and will not invest in crypto. My assessment is that investors have considered things like that/risks, maybe they still do it, even though things like this have to happen like Luna.
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gabbie2010
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May 23, 2022, 06:05:27 AM |
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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
It's quite disappointing with massive losses incurred by investors of LUNA, I never believe such a crash will ever happen to LUNA a once promising Altcoins, who knows what will happen next to their coin? I believe investors will begin to take extra caution in their crypto investment especially in a new and some an existing projects, non regulations of cryptocurrencies gave rise to many scam projects, the sudden crash in LUNA reaffirmed the fact investing in Bitcoin, Ethereum and BNB is more reliable and credible, investment in those coins is save and scam-free though profit might not not be in 3x,5x etc. compared with other Altcoins.
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Crypt0Gore
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May 23, 2022, 12:31:03 PM |
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Never, there have been more scary cases in crypto history than that of Luna crash and moreover, ask yourself why people are still investing even after the crash, as you can see people are already accepting the risky part of the crypto investment as a normal thing.
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cheezcarls
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May 23, 2022, 12:53:18 PM |
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LUNA’s downfall that shake the entire crypto market is just like any circumstances and bad events happened from the past few years where it is just giving us a temporary scare. If you look at the great Bitcoin crash of 2018 from almost $20k down to $3k, the bears dominated and won (especially those who shorted BTC all the way). But at the end of the day, Bitcoin rose up even much higher and exceeded our expectations.
Then here comes China outlawing cryptocurrencies that made Bitcoin go down from $50k to $30k, but eventually got back up again much stronger and closer to $70k. So LUNA’s downfall is no exception. The entire crypto market would eventually come back stronger again as I have already started doing DCA with Bitcoin recently.
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kojektea
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May 23, 2022, 01:02:40 PM |
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That can happen because I believe some LUNA investors are beginners who seek advice from people who want them to join LUNA. Actually it's not wrong because LUNA is also a good coin initially in the top 10 coinmarketcap positions, but who would have thought it would turn out like this. Some people must be stressed, some media, even tweets that someone has committed suicide because of their loss at LUNA. If they are newbies who are still surviving I'm sure they will be traumatized to invest in cryptocurrencies.
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JangoUnchained
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May 23, 2022, 01:27:29 PM |
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I have seen the Bitconnect scam years ago and I have witnessed the crash of BTC down to 3500$ in match 2020 due to CovID19 so this Luna crash isn't even big enough compare to what have happened in the past, we move.
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LogitechMouse
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May 23, 2022, 01:36:30 PM |
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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. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes but it will be temporary and after few months, new investors will come again and invest into crypto ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Those who invested all their money into LUNA and lost all of it are the ones who are affected the most right now. There's a chance that some of them will not invest into crypto again, some might try to invest only into Bitcoin and Ethereum only and some might just restart again and invest into safer projects. Overall, this incident will last for a few months but after that it will be forgotten like what happened to Bitconnect and Centra. Nobody is talking about the 2 projects anymore and it will be the same with Terra and LUNA. There will always be new investors that will come and some of them will just ignore what happened to Terra LUNA and just focus more in investing safer coins. I have seen the Bitconnect scam years ago and I have witnessed the crash of BTC down to 3500$ in match 2020 due to CovID19 so this Luna crash isn't even big enough compare to what have happened in the past, we move.
Bitconnect's ponzi scheme is way worse than what happened to Terra. Just imagine a coin from $400 to now less than a dollar ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .
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freedomgo
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May 23, 2022, 01:38:55 PM |
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Temporarily maybe, but over time people will still come back, especially if the market is starting to be bullish. We have worst news than this in the past, but the market still survives, the biggest was on the exchanges getting hacked, and the market dumped because people panicked, but as I said, it still recovers over time.
So think of this, crypto has matured already, panic is normal but this market is not going to die as it will grow more in the long run.
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RussianEnglishTranslation
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May 23, 2022, 01:49:04 PM |
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Yeah, I think the depeg and exit scam frightened off a lot of investors. A lot of people are back at square one collecting airdrops and bounties, like the one from Candle Chain and some on coinmarketcap and dappradar.
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Questat
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May 23, 2022, 01:54:21 PM |
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... 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. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No! - It was because not all investors are investing in Luna and these people will never be worried about what it happens with this project as they don't care about it. - real investors, institutional investors aren't just focus on a single coin so they can easily move on and recover any losses. Might thos be hard for small investors and have worries to try again but never I think this will give influence to the other and also with the market development.
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tvplus006
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May 23, 2022, 02:54:50 PM |
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...Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better?
The first warning for the owners of algorithmic stablecoins was from the Waves blockchain and its USDN stablecoin. This was followed by the collapse of the UST stablecoin. And now we are witnessing another drama with the DEI stablecoin, the price of which has dropped to $0.86. And if the owners of other algorithmic stablecoins do not learn a lesson from what is happening, they will be next.
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Abiky (OP)
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Temporarily maybe, but over time people will still come back, especially if the market is starting to be bullish. We have worst news than this in the past, but the market still survives, the biggest was on the exchanges getting hacked, and the market dumped because people panicked, but as I said, it still recovers over time.
So think of this, crypto has matured already, panic is normal but this market is not going to die as it will grow more in the long run.
It was believed that the Mt. Gox hack would damage crypto's reputation for good. Yet, here we are with many countries and individuals supporting crypto/Blockchain tech every step of the way. The same situation might happen after Terra/LUNA's collapse. Things may look dark for the crypto industry now, but in the future, everything will be much better. We just have to persevere in order to obtain great results in the future. Bitcoin's been standing strong after all these years, so I'm confident it'll grow into a much bigger force within a decade from now. Haters will always criticize the revolution, but believers will keep on building in order to make our world a better place. Who knows how decentralized finance's future will be? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Marykeller
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May 24, 2022, 01:21:06 PM |
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There has been disbelief from investors about crypto investment ever since the luna price crashes started. What happened to luna is an unspeakable incident that will only take time to be forgotten and heal from people's hearts. It is unfortunate that many investors globally got rugpulled unexpectedly. Investors are now taking their time to heal from it. If Luna's recovery plan works out fine(buyback and luna burn) it will bring investors' hope back into the cryptosphere. Let's be hopeful for that. At least to see how the turnaround would be in the price of the luna coin
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Sayeds56
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May 24, 2022, 01:24:40 PM |
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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. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) What happened with Luna has already damaged the confidence of market participants, money is flying away from crypto market which is evident from declining marketcap and certainly it will scare away investors in the short to medium term but in the long run people will forget because human memory is very short. All markets have seen crash, long bear cycles and recessions but after sometime process of recovery starts,
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Abiky (OP)
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May 26, 2022, 01:38:53 AM |
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What happened with Luna has already damaged the confidence of market participants, money is flying away from crypto market which is evident from declining marketcap and certainly it will scare away investors in the short to medium term but in the long run people will forget because human memory is very short. All markets have seen crash, long bear cycles and recessions but after sometime process of recovery starts,
Depending on the severity of the crash, people might never forget about Terra/LUNA's scandal. There were billions of dollars on the line, which all went away in an instant due to the irresponsibility of the Terra team. Unless the UST peg is restored and LUNA's price goes back to normal, it's going to take a long time before confidence is regained on crypto/Blockchain tech. At least, Bitcoin and some other "blue chip" coins are standing strong. LUNA may fade into oblivion, but another cryptocurrency will take its place in the future. All in all, I think decentralization needs to win for crypto to last a long time. For now, let's focus on accumulating BTC and other prominent alts to achieve peace of mind in the future. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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MrDave
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May 26, 2022, 06:52:12 AM |
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I will not disagree. Even though I started keeping my eyes on the market very carefully then, investors must have gotten scared and panicked about the situation, as it was supposed to be that way in this specific situation. But then I knew it would be going back to normal in some days. That's how I was preparing my mind.
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JahriMeayer
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June 01, 2022, 06:59:59 AM |
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It was a scary incident for everyone who connected with crypto market even for them who didn’t invest in luna. Luna and ust downfall make investors scare as we can see how a top coin can destroy like this. So it won't be a big deal to downfall for a normal altcoin! With this though, investors are in tension but this is temporary. People will be out of scare after somedays but i don't know how to get rid of such condision in future
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Dr.Osh
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June 01, 2022, 09:18:50 AM |
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this certainly scares some investors, even people who hate crypto again say that with the fall of LUNA, it proves what they say. however, I'm sure enough people panicked to sell their assets when the price of LUNA fell. however, it was indeed a terrible thing. it's just, I'm sure that this can be a development for the next crypto. in fact, until now there are still quite a lot of investors who enter the crypto world. maybe quite a lot of people are afraid, but to be successful in the investment world, things like this are things that need to be understood, that there will be quite a big risk. crypto is the technology of the future, that's why it will survive.
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zasad@
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June 01, 2022, 10:53:05 AM |
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The LUNA team committed a big scam. The airdrop must be for all UST token holders both before and after the attack. Luna tokens were distributed only to owners of UST tokens before the attack, who used their tokens in Anchor Protocol. Holders of UST tokens before the attack did not receive compensation for losses.
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