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

[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.

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.

It's better for all of the followers and investors of Luna whether the classic or the new one, everyone must stop supporting and dump it all at once. There's no hope anymore for this project to get up and even it will release a version 3 then that's making things clearer that you people have been trying hard and sad to say that he's just sucking all of your money.

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.

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

[leea-1334]

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

[Henrobakkara]

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.

What has happened to LUNA is one of the worst cases in cryptocurrency history.  I really regret that incident.  But that doesn't mean it will be a red light for the entire Blockchain system.  I think it will be an experience and will make the system on cryptocurrency even better in the future.

I agree. I believe investors will pay attention now to investing in other projects or maybe future projects that might be built like TeraLUNA. I think it was a terrible experience for those that had their investments there and I am also now concerned with this new development with the Celsius Network too, pausing all withdraw, swaps, and transfers. Hope we are not going to have another case where investors lose funds cos that will be one too much for the crypto space. 

[Uang_kartal]

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

You are right,
I have in the past participated and took profit.
1 person (do kwon) is indeed the influence of teraform and the originator to bring some improvements.
I didn't go down twice. Look at how broken it is now bro. Maybe it's not right when all the coins don't know where they are going.

with the first incident, investors did not give up and continued their empty dreams. But for scalpers it might not be too deep.

If it's a current exit or sell risk, when people are buying 4 times higher than they are now, and maybe a few weeks ago, that would be pretty pathetic.
but when it comes to new entry it is possible to limit movements in the luna market.
the developer is no longer acceptable in my logic. Even though it offers several advantages and prizes for the holder though.

[bestcoins1]

What has happened to LUNA is one of the worst cases in cryptocurrency history.  I really regret that incident.  But that doesn't mean it will be a red light for the entire Blockchain system.  I think it will be an experience and will make the system on cryptocurrency even better in the future.

It will immediately become an example for all new blockchain developers as well as old blockchains because running an existing blockchain also requires care from the team in order to have good durability of their cryptocurrency products in the market. So that's an example for everyone now, especially for new project development team as well as old projects.

[Ziskinberg]

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

Yes, it was done, Luna has turned to scam and even the devs will come up with another way to rebuild their reputation, yet it was ruined already and investors will never forget about it. In fact, they used to have forked but seems it never change the mindset of the people, it still dump and get worsen. I'd never know if there is someone who can afford to hold Luna, I guess everyone is moving out from this scam project.

[Oshosondy]

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.

This is just rear, Luna has been the first of this kind, see other altcoins, they plummeted than bitcoin but still holding good value. Altcoins investment are always risky, it is good to use only the amount of money that you can be able to lose and never think about and that will also never affect you because altcoins investment is comparable to gambling.

[BobK71]

It can be said that Luna has made a big negative impact on the crypto market. The market was in a downward spiral when Luna crossed over. As a result, the market get down drastically, which make a big impact on the market. There are lots of investors are proletarians economically. New investors are terrified of the situation that occur with luna. This is definitely a big push in the history of crypto currency market.

[sana54210]

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

Unfortunately denial is another stage of going down. There are tons of people who are in denial that the project they trusted so much crashed, and there are some who completely left crypto all together because of Luna as well, which makes absolutely no sense.

I remember a person who wrote on local boards that he invested 500 bucks and had 30 cents left, and he said ALL crypto is a scam and left, and used the crypto prices going down as a proof, like how bitcoin is low right now. I am sorry, but that is just ignorance to me. So, both sides are terrible, do not hope the worlds from luna, do not leave all crypto because of luna, find the middle ground.

[joeperry]

It's simple explanation I think. People just lose their trust to the project and wouldn't work to that project anymore so it is not surprising that the new LUNA will never go above $10 in my opinion and even if they say that it won't happen again, it is much better to be safe by not buying or investing to that project again after all there's a lot of other coins you can choose from, right?

[fullhdpixel]

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.

If they are not open minded and only believe on one side then that is going to happen but if they are open minded and willing to consider others' opinion, they will know that not all cryptos are the same, that not all are faulty or scams.

For those who invest in luna, they are lucky if they can still get something out of it but that would be the best thing that they can do than wait before the price completely turn unto zero. Gold and stocks are much safer compare to it but like I said earlier there are still other good cryptos out there. Why not go on them instead of gold and stocks? As the potential to earn is much bigger when the bull run comes.

[nurilham]

At that time, actually, the sudden crash and decrease of a top coin like LUNA really bit our hearts. How can a top coin become that shit coin only in several hours? But this is crypto market where everything can happen. Of course, this will become warning for us that we don't need to invest in shit coin. We need to elarn much on this elarning.

[Finestream]

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.

If they plan to invest into another new project, I guess that will trigger their decision either not to take the risk. But if they are focused on investing bitcoin and decide to stay away with new altcoins, most likely they will not be affected at all. After all, losing in the crypto market is always inevitable because there’s always risk involved even in bitcoin investment. But if you invest into proven and established coins, the chance to lose is very slim.

[Rigon]

Yes, of course the fall of Luna has intimidated investors and individuals in cryptocurrency. People are now afraid to invest in the coins that Adars has The market has suffered a lot due to the Luna scam.Those who invested in Luna coins have suffered a lot. I was also a Luna holder.I've suffered a lot from here. Considering my situation, I can say that people have lost the tendency to invest.

[leea-1334]

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

Yes, it was done, Luna has turned to scam and even the devs will come up with another way to rebuild their reputation, yet it was ruined already and investors will never forget about it. In fact, they used to have forked but seems it never change the mindset of the people, it still dump and get worsen. I'd never know if there is someone who can afford to hold Luna, I guess everyone is moving out from this scam project.

It did not 'turn to scam' though. It was already a scam from the beginning (look up Do Kwon previous project before Luna). Exact same mechanism exact same depegging exact same exit.

So this Luna 2.0 is at least the third time he is scamming people,,, as I keep saying often. Shitcoins are shitcoins. They do not turn to scam,,, they are scams from the start just waiting to happen!

[passwordnow]

Yeah, he just funded himself through that "recovery" plan that he has proposed to everyone. But look, we can't blame the bear market this time because sure he for sure made money out of this situation and he should pay all of the damages he's done to every investor of his tokens.

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

Yeah, he's not really going to do anything like this. He's made money out of people's mone so why pay the damages that he has done. Let the government of South Korea deal with him and charge everything that they have to charge against him.
Kwon have probably planned all of this, he made a hype by purchasing continously of bitcoin before the bear market and that sure made him fame but he's got a dark plan behind it.

[leea-1334]

But he will never do anything like this,,, if there is anything anyone can take as a lesson from history of altcoin scammers and of Do Kwon himself, it is that he is sticking around to make even more money from all the believers.

I already said before I do not feel sorry for Luna holders but if you guys are reading this,,, please stop the nightmare and stop enriching project devs. Get out and move on.

Yeah, he's not really going to do anything like this. He's made money out of people's mone so why pay the damages that he has done. Let the government of South Korea deal with him and charge everything that they have to charge against him.
Kwon have probably planned all of this, he made a hype by purchasing continously of bitcoin before the bear market and that sure made him fame but he's got a dark plan behind it.

Not 'not really',,, just never. He has already done this before. Why would he change his plans and be good all of a sudden when he has already made so much money, just like before?

I keep saying he has done it before, Luna is not his first scam, not even the first new scam. He did it exactly same in 2021, and again in 2022 with new project and now a third project (at least that we know about).

Get out. Move on. Leave this guy.

[kensaii]

They scare away investors but worse, they also show people that cryptos can easily be attacked or triggered to collapse. Cryptos are mostly based on trust and belief. If investors lost their trust and belief in one or two projects that deeply integrated with the cryptos ecosystem, this could lead to the downfall of the others and the market as a whole.

[passwordnow]

Yeah, he's not really going to do anything like this. He's made money out of people's mone so why pay the damages that he has done. Let the government of South Korea deal with him and charge everything that they have to charge against him.
Kwon have probably planned all of this, he made a hype by purchasing continously of bitcoin before the bear market and that sure made him fame but he's got a dark plan behind it.

Not 'not really',,, just never. He has already done this before. Why would he change his plans and be good all of a sudden when he has already made so much money, just like before?

I keep saying he has done it before, Luna is not his first scam, not even the first new scam. He did it exactly same in 2021, and again in 2022 with new project and now a third project (at least that we know about).

Get out. Move on. Leave this guy.

The sad part is that I still see people taking a big leap of faith hoping that he's going to be the good guy. These people are hoping for nothing and they should have just leave him and accept that the money they've invested are gone forever.
It's hard to accept that fact from these investors especially if they've invest huge amount of their savings and they've trusted this con until he had shown his true self.

[Abiky]

What has happened to LUNA is one of the worst cases in cryptocurrency history.  I really regret that incident.  But that doesn't mean it will be a red light for the entire Blockchain system.  I think it will be an experience and will make the system on cryptocurrency even better in the future.

I think this is more of a lesson for investors to never trust stablecoins unless they're fully regulated by the government. Just because the UST stablecoin was offering high interest rates to "hodlers" doesn't mean it was a good long-term investment. Only regulations can guarantee investor protections. While the crypto market will continue to decline within the short term, it's likely it will recover after the dust settles. Behind the scenes, crypto/Blockchain tech is being heavily developed to become bigger, faster, and stronger than ever. As long as decentralization wins, there should be nothing to worry about. Just my opinion