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

[leea-1334]

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.

The sad part is not that people believe guys like him can be good. The sad part is that most of these people actually knew the risk and knew they were part of a bubble,,, and just wanted to get in and get out before it popped. I mean come on 20% APY on stablecoin,,, was that not a sign it was a ponzi?

I think I feel sorry for newbies but the truth is a lot of investors knew it was a gamble and got in thinking they could outsmart others. Unrealistic profit comes at expense of others. People must know this.

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[Faisal2202]

All blame could not be just put on Luna their are many fomos in the community right now, even in this deflation, price of everything is touching sky people are forced to withdraw money from crypto to fiat to fulfill their needs. Tron's pegged token is also at .98 or something near it from last few days, usdt news about extending supply is also a reason that people no more trust this mechanism, infact it's remains only busd which took place of everything, So in crypto ups and downs are temporary, leta see what comes next after this difficult time.

[gurunanakji777]

The effect of LUNA downfall scared the investors to some extent in my opinion because when a trusted project collapse it affects the market badly and the trust factor in the crypto market is also affected. Now we are seeing a huge drop in the crypto market after the LUNA collapse but I won't blame only LUNA for this there are some other factors also. The fear factor is very high most of the investors avoiding to take risks but my opinion is different we never expect that BTC and Eth will crash to the current prices now I am not expecting more major drops in the market so for investors it is the best time to have gems of the crypto market so guys we should take the benefit of the current market.

[Abiky]

The sad part is not that people believe guys like him can be good. The sad part is that most of these people actually knew the risk and knew they were part of a bubble,,, and just wanted to get in and get out before it popped. I mean come on 20% APY on stablecoin,,, was that not a sign it was a ponzi?

I think I feel sorry for newbies but the truth is a lot of investors knew it was a gamble and got in thinking they could outsmart others. Unrealistic profit comes at expense of others. People must know this.

Exactly. But people were too greedy to ignore the facts. As long as money talks, nothing else matters. It's unfortunate how Terra/LUNA's events led to a mistrust in crypto/Blockchain tech. Investors got scared after the so-called "stablecoin" lost its peg in an instant. It's going to take quite a while before confidence/trust is restored into the crypto market as a whole.

With what happened with Terra, and now Celsius, prices for major cryptocurrencies will decline like crazy. I don't think the new iteration of Terra (Terra 2.0) will be a success because the team failed to meet with the community's demands. How would you expect a cryptocurrency project to survive if it lacks community support? May the current bear market serve as a cleansing period to wipe out the bad projects for good. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts

[Fredomago]

The sad part is not that people believe guys like him can be good. The sad part is that most of these people actually knew the risk and knew they were part of a bubble,,, and just wanted to get in and get out before it popped. I mean come on 20% APY on stablecoin,,, was that not a sign it was a ponzi?

I think I feel sorry for newbies but the truth is a lot of investors knew it was a gamble and got in thinking they could outsmart others. Unrealistic profit comes at expense of others. People must know this.

Exactly. But people were too greedy to ignore the facts. As long as money talks, nothing else matters. It's unfortunate how Terra/LUNA's events led to a mistrust in crypto/Blockchain tech. Investors got scared after the so-called "stablecoin" lost its peg in an instant. It's going to take quite a while before confidence/trust is restored into the crypto market as a whole.

With what happened with Terra, and now Celsius, prices for major cryptocurrencies will decline like crazy. I don't think the new iteration of Terra (Terra 2.0) will be a success because the team failed to meet with the community's demands. How would you expect a cryptocurrency project to survive if it lacks community support? May the current bear market serve as a cleansing period to wipe out the bad projects for good. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts

Or maybe the word trust is no longer attached to this project. There might be some who are willingly take the big risk and continue to invest. Trying to buy and sell while the market movement still wild, but solid support from people or investors who are willing to wait for the development, it's a big question if there are still old support that will continue to trust the team after what happened to the value of this asset,.

[yurez]

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

The fall of LUNA plunged many investors into a financial hole and it will be extremely difficult to restore confidence, as many lost a lot of money on this fall. Against the backdrop of a sell-off in the cryptocurrency market, other altcoins and stablecoins also suffered. Although such collapses of large tokens in the crypto market are rare, the fall of the UST stablecoin will undermine the credibility of all other stablecoins, even secured ones, and this threatens capital outflow, which we are now seeing.

[Adbitco]

Currently peoples life is at stake now those who used their live savings to invest in LUNA might commit suicide seeing that $300k worth of investment when down to nothing and you think those who were victim will encourage their friends and relatives to invest again?
It is simply No because from the tragedy none can control his emotion maybe some may, looking closely this could be the drastic fall of the crypto market since investors are trying to secure their funds.

[ven7net]

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.

It so happened that in the history of the development of the crypto industry there are a lot of such stories as with Luna and UST, it’s just that all this is forgotten over time, especially when BTC and other cryptocurrencies grow in price and show new heights. As for my opinion on the situation with Luna and UST and will this situation scare off investors? Here I see it like this, part of the investors will conditionally leave the market, but this happens periodically, but as soon as the bulls enter the market again and the flight to the moon appears, the crypto market will again acquire a new one, maybe even more investors. It has been so in the past and it will probably be so in the future.

[Kopetunto]

the LUNA incident really happened quickly, in just a few days the LUNA price fell to 0,
of course this traumatized investors and traders to enter the world of crypto currency,
and it really surprised me too, because what I see is the first time

[Hold-n-play]

I guess that one of the "LUNA" lessons is that even top ten projects are vulnerable. Always diversify your portfolio and add small cap hidden gems to top coins/tokens. Never invest all your money into one project no matter how "solid" this project may sound

[seleme]

Anything related to bad news or catastrophic consequences surely affect the whole industry. After Luna crash investors didn't liquidate the investment position that caused recent market decline. The main problem is trust on newly launched projects and investors don't want to risk on new coins instead of making similar ROI on top cryptocurrencies. Anyways, Luna was expensive lesson for us and we should remember the risks before trading confidently based on previous trading experience.

[AmoreJaz]

Anything related to bad news or catastrophic consequences surely affect the whole industry. After Luna crash investors didn't liquidate the investment position that caused recent market decline. The main problem is trust on newly launched projects and investors don't want to risk on new coins instead of making similar ROI on top cryptocurrencies. Anyways, Luna was expensive lesson for us and we should remember the risks before trading confidently based on previous trading experience.

but people can easily forget. how many crashes and dumped that we've seen in this market? countless times. so for me, the luna scenario will be one of those failed stories but it won't stop for people to invest in this market.
now, they can reduce their losses if they will have better metrics of choosing a valuable project. much better if the platform has working use case already, with many clients on board.

[dunfida]

Anything related to bad news or catastrophic consequences surely affect the whole industry. After Luna crash investors didn't liquidate the investment position that caused recent market decline. The main problem is trust on newly launched projects and investors don't want to risk on new coins instead of making similar ROI on top cryptocurrencies. Anyways, Luna was expensive lesson for us and we should remember the risks before trading confidently based on previous trading experience.

but people can easily forget. how many crashes and dumped that we've seen in this market? countless times. so for me, the luna scenario will be one of those failed stories but it won't stop for people to invest in this market.
now, they can reduce their losses if they will have better metrics of choosing a valuable project. much better if the platform has working use case already, with many clients on board.

For those who had been affected badly on certain projects and causes for them to have financial problems then it's pretty sure that they wouldn't be going back on investing since they do have that bad experience but it's true that people do easily forgets and tend to invest once again whenever they do see again some opportunity which they do seem that they could really make money or profit in short time which is something not surprising.Luna incident is just one of the hundreds of scams that happened into this market and people never ever learn.

[Uang_kartal]

Anything related to bad news or catastrophic consequences surely affect the whole industry. After Luna crash investors didn't liquidate the investment position that caused recent market decline. The main problem is trust on newly launched projects and investors don't want to risk on new coins instead of making similar ROI on top cryptocurrencies. Anyways, Luna was expensive lesson for us and we should remember the risks before trading confidently based on previous trading experience.

but people can easily forget. how many crashes and dumped that we've seen in this market? countless times. so for me, the luna scenario will be one of those failed stories but it won't stop for people to invest in this market.
now, they can reduce their losses if they will have better metrics of choosing a valuable project. much better if the platform has working use case already, with many clients on board.

For those who had been affected badly on certain projects and causes for them to have financial problems then it's pretty sure that they wouldn't be going back on investing since they do have that bad experience but it's true that people do easily forgets and tend to invest once again whenever they do see again some opportunity which they do seem that they could really make money or profit in short time which is something not surprising.Luna incident is just one of the hundreds of scams that happened into this market and people never ever learn.

I personally was so provoked to see the fluctuation of Teraform at that time. And until now (down several thousand %).
You are right, there is no way I myself also dwell in adversity.
even the investment risk in the real world is the same only the ratio is different.
for now the few luna i left behind let it be a memory that the classic luna once topped the $100 price tag. lol
I think there are also those who have given up on new projects, some are brave only for daily profits.
today not seen what tokens or coins are worth buying.
I don't give up and want to continue trading whatever type of coin (asset) it is.
the market is still too steep and the analysis of course can be done by anyone.
wait for the momentum to buy simultaneously in the market.

[poodle63]

The crash has even caused many big management fund and famous altcoin project gets shaken their holding/reserve that usually includes luna since it's one of the highest ranked altcoins back then.
Its enough to make most so hesitant in investing and kinda shows how cryptocurrency regardless of the rank is weak against such massive crash.
As you could figure out, the luna v2 value is also going down as the time goes, it means no one really trusting luna even with their new luna.

[mich]

I absolutely think that Luna’s downfall has scared off both retail and institutional investment into the crypto market. I think the collapse was probably due to whales dumping tokens and leaving retail traders like me with their ass hanging in the wind.

Personally my portfolio is still heavily weighted in BTC and a bit of Doge so I think over the long term I’ll be fine. Certainly coins that were tied to Fiat weren’t as negatively affected by the volatility. At bottom, my assumption is that many traders lost confidence and may still be hesitant to get back into the market after what happened.                                                                   

[FengShuii]

It will make people more research. Every time, someone gets scammed, education is done.
Because some coins are high risk and based on unsafe foundations.

But some scams have also destroyed market value, when prices went down. Much money was destroyed and it will take time again until it's going up again.

[Abiky]

The fall of LUNA plunged many investors into a financial hole and it will be extremely difficult to restore confidence, as many lost a lot of money on this fall. Against the backdrop of a sell-off in the cryptocurrency market, other altcoins and stablecoins also suffered. Although such collapses of large tokens in the crypto market are rare, the fall of the UST stablecoin will undermine the credibility of all other stablecoins, even secured ones, and this threatens capital outflow, which we are now seeing.

Many investors are angry with the LUNA/UST collapse, so it's going to take a while before confidence is restored into the crypto market as a whole. There's a lot of negativism right now, leading major cryptocurrencies like Bitcoin and Ethereum downhill. I'd say the Terra project is already doomed, because the team failed to meet with the community's (and investors') demands. Instead, they listed to the validators by making a new chain from scratch. Money was put above the community's interests.

You can already see the new Terra 2.0 coin struggling to reach the "double digits", so it's likely the project will fade into oblivion as people move on to the next big thing in crypto. Who knows if crypto emerges bigger and stronger after the LUNA/UST crash? Just my opinion

[TopT3ns]

The fall of LUNA plunged many investors into a financial hole and it will be extremely difficult to restore confidence, as many lost a lot of money on this fall. Against the backdrop of a sell-off in the cryptocurrency market, other altcoins and stablecoins also suffered. Although such collapses of large tokens in the crypto market are rare, the fall of the UST stablecoin will undermine the credibility of all other stablecoins, even secured ones, and this threatens capital outflow, which we are now seeing.

Many investors are angry with the LUNA/UST collapse, so it's going to take a while before confidence is restored into the crypto market as a whole. There's a lot of negativism right now, leading major cryptocurrencies like Bitcoin and Ethereum downhill. I'd say the Terra project is already doomed, because the team failed to meet with the community's (and investors') demands. Instead, they listed to the validators by making a new chain from scratch. Money was put above the community's interests.

You can already see the new Terra 2.0 coin struggling to reach the "double digits", so it's likely the project will fade into oblivion as people move on to the next big thing in crypto. Who knows if crypto emerges bigger and stronger after the LUNA/UST crash? Just my opinion

I think when the terra project tries to recreate a new coin which is currently called LUNA and the token that was previously LUNC then it will still not be able to give trust to investors and whales again, the founder of terra in my opinion is very lucky because it is still alive and well. do not run into hiding because there are several other projects that have developed well and one day collapsed, causing the founders and developers to leave the project.

I think all the projects developed by Do Kwon are not very interesting anymore and it's better to try other altcoin projects and make this terra an important lesson that cryptocurrency has a very high risk.

[LUCKMCFLY]

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.

The truth is that I don't think it drives them away, because most investors who put money into any altcoin know very well that the price can bleed a lot when BTC falls, it's normal, of course the fact that everything has been dumped is alarming and those are the dangers of investing in altcoins, for me the best investment, the only one that will never disappoint is BTC, for me BTC is the currency that no matter how much it falls we will expect a big price increase, in fact I am waiting for BTC to rise to at least $100k, or even higher, I think the market has to mature a lot of fundamentals, panic and that is only achieved by whales.