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Author Topic: Well, you put your money in your luna if it gets forked?  (Read 699 times)
uneng
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May 29, 2022, 11:40:26 PM
 #61

A fork from a priceless token is still a priceless fork... It makes no sense to invest in LUNA for this reason. It's like adding 0 + 0 and expecting something above 0 as final result.

On the other hand, if I were a LUNA investor who lost 99% of the investment value due to the recent crash, I would keep holding the coins to see what happens. That would be an extreme and desperate strategy, though. Nevertheless, there wouldn't be much to do anyway. To sell every coins and recover less than 1% of the initial investment seems even worse. Tongue

In this case, I really hope speculators help pumping this currency once again, so initial adopters can recover a larger percentage of their portfolio, but I think it's unlikely to happen.

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May 29, 2022, 11:49:23 PM
 #62

A fork from a priceless token is still a priceless fork... It makes no sense to invest in LUNA for this reason. It's like adding 0 + 0 and expecting something above 0 as final result.

On the other hand, if I were a LUNA investor who lost 99% of the investment value due to the recent crash, I would keep holding the coins to see what happens. That would be an extreme and desperate strategy, though. Nevertheless, there wouldn't be much to do anyway. To sell every coins and recover less than 1% of the initial investment seems even worse. Tongue

In this case, I really hope speculators help pumping this currency once again, so initial adopters can recover a larger percentage of their portfolio, but I think it's unlikely to happen.

That would be the decision of the previous holders. Just wait if there will be something good to happen in this fork. Otherwise, don't put more money into this project. Hard to spend more to something uncertain. We also don't know if the LUNA team is just doing this for the sake of giving false hope to the screwed holders of their coins. I believe, not trust what they are saying. Better trust your instincts.
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June 01, 2022, 05:33:30 AM
 #63

trusted is broken, It'll be bad decision to trust luna team and invest again with their new token or existing one which is now known as luna classic. Its funny as CEO announcement for recovery plan but will it work?  No. Forked token is unable to recover 1% of that total assest that people lost. Hype is temporary but in the long run, no progress will be seen. So Its better to forget about luna and look away from it.

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June 01, 2022, 07:02:38 AM
 #64

I have to say that I would not invest in Luna. The tokens lost 98% so rapidly that I got cold feet. I just can’t trust a company with a record like that. I think it’s really interesting what they’re doing and did read up on Luna quite extensively but in the end I’m passing on this one.

I’m a huge fan of bitcoin and have a strong position. I am open to diversifying a small percentage of my portfolio into interesting projects but Luna just doesn’t qualify with such a dramatic fall. I guess at the end of the day I lost faith in the Terra ecosystem but that’s just me.

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June 01, 2022, 12:28:40 PM
 #65

The past few weeks have been the most challenging for there luna coin investors, as the network witnessed a hard attack that led to its price crash but then we can't give up on the project since it has some good prospects. And recently the CEO announced a recovery plan so am forced to ask will still buy the forked luna coin if it lunched or you rather look away from it?
Luna got forked and I sold both versions for ICP and XRP. I think most people did something similar considering the price action that we have seen.
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June 01, 2022, 12:34:50 PM
 #66

trusted is broken, It'll be bad decision to trust luna team and invest again with their new token or existing one which is now known as luna classic. Its funny as CEO announcement for recovery plan but will it work?  No. Forked token is unable to recover 1% of that total assest that people lost. Hype is temporary but in the long run, no progress will be seen. So Its better to forget about luna and look away from it.
Yes, trust from the investors has been broken because of what happened to the last case in the Luna project, so I'm not sure if investors will return to the project and support the team. It is tough for the developer and team to win investors' trust because they have to work hard to earn it, and it will take time. Maybe some investors will still buy Luna tokens as before, but they are likely to wait a while to see what will happen with the Luna project.
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June 01, 2022, 12:40:01 PM
 #67

Currently the recovery of luna is indeed happening but I can't be sure that the coin will increase again in the near future to reach the highest value at the previous time, but if you believe in luna at this time then there is nothing wrong with buying the coin because in recent days many markets are back liting the coin and at this time its value has begun to increase and this is an opportunity to get a big profit on the coin, but some investors still doubt the team that manages the project.

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June 01, 2022, 01:29:13 PM
 #68

Luna got forked and I sold both versions for ICP and XRP. I think most people did something similar considering the price action that we have seen.
that's good rather than holding the fork coin that we didn't know whether that will be a big coin again or not. I consider about the fact that so many fork coin in the market has been telling us about very bad performance. As far as i know that when so many fork coin will be dead a year after the launch. We must have learned a lot from the bitcoin fork coin and how it was going to the hell as per the demand has been gone to the new token.
This proves that fork coin is not worthy to hodl. ICP and XRP are even better than it.

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June 01, 2022, 01:47:44 PM
 #69

trusted is broken, It'll be bad decision to trust luna team and invest again with their new token or existing one which is now known as luna classic. Its funny as CEO announcement for recovery plan but will it work?  No. Forked token is unable to recover 1% of that total assest that people lost. Hype is temporary but in the long run, no progress will be seen. So Its better to forget about luna and look away from it.
a lot has happened forked coins will not be interesting anymore unlike the first coin population, people realize that this is not a good thing to take over. Investors know that concepts like these are not well defended. do kwon coin founder will lose his true identity and it is very difficult to get people to believe what they created, it will gradually fade in time

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June 01, 2022, 01:54:38 PM
 #70

Seeing what happened to the recent events when they released Luna 2.0 makes it seem that it has become a joke to everyone or something. I feel that they are trying to revive something that they didn't expect coming. It's something that they didn't know could happen because of their experiment.

With everything that has happened, I don't think it's wise to buy anything related to it.

I'm just stating my opinion and do not take anything about it as advice.

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June 01, 2022, 01:57:41 PM
 #71

If you have being following the market right from time, prior to the altcoin boom of 2016 to 2017 there have been a lot of coins that have behaved in this way Luna did and most of them never recover, so personally I will not put so much into Luna unless the amount I just want to gamble with to.make quite bulk from the market volatility.
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June 01, 2022, 04:30:31 PM
 #72

In the present conditions of the luna coin, it is most risky and most of the previous investors are looking for other ways for now and to build back that confidence is hard for most of them.

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June 01, 2022, 05:05:12 PM
 #73

Luna is a bit risky investment at this moment... I would wait and look for other solid projects...
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June 02, 2022, 06:07:58 PM
 #74

Luna is a bit risky investment at this moment... I would wait and look for other solid projects...
Exactly investing in luna right now is considered a high-risk investment due to the way the coin market has been behaving recently, and with the changes in the chain and introduction of luna 2.0, a lot is not right with the luna market right now.

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June 03, 2022, 12:00:57 AM
 #75

yes I still buy LUNA, but not for long term investment but for short term investment or day trader. Currently LUNA has become a meme coin because the price of LUNA is very cheap and the amount of supply is very large. I see LUNA's price movements are moving very fast, so I think LUNA is very suitable for short-term investments or day traders.

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June 06, 2022, 09:17:09 PM
 #76

Luna is a bit risky investment at this moment... I would wait and look for other solid projects...
Am looking away from the luna coin this period even though the forked coin is less volatile and the network can not be trusted anything can happen just like what happened some weeks ago. It is very important to look closely before making any investment move.

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June 06, 2022, 09:54:41 PM
 #77

What is the main purpose of the LUNA fork? To rise up their value again?
Well, actually LUNA has experienced very hard things, but fortunately, this coin could survive and has its value again. But, I am not sure about the fork. Investing in this kind of coin is still very risky. It can survive right now but if this happens again, will this survive again?
I cannot take higher risks than I can afford. It is enough to buy LUNA at that time and get some profits. but I personally don't hold them for long term investment. We still remember how this crashed extremely

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keyscore44
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June 06, 2022, 09:57:35 PM
 #78

Luna is a bit risky investment at this moment... I would wait and look for other solid projects...
Am looking away from the luna coin this period even though the forked coin is less volatile and the network can not be trusted anything can happen just like what happened some weeks ago. It is very important to look closely before making any investment move.

What else do you need to investigate? Luna is now a thing of the past and when it comes to the plan to resurrect it, this is the only hope for investors who have lost everything. For anyone who look on LUNA 2 as an investment, there is no doubt that the risk is too high. Anyone with common sense will stay away from this project.

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bitkanu
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June 06, 2022, 11:01:27 PM
 #79

What is the main purpose of the LUNA fork? To rise up their value again?
Well, actually LUNA has experienced very hard things, but fortunately, this coin could survive and has its value again. But, I am not sure about the fork. Investing in this kind of coin is still very risky. It can survive right now but if this happens again, will this survive again?
I cannot take higher risks than I can afford. It is enough to buy LUNA at that time and get some profits. but I personally don't hold them for long term investment. We still remember how this crashed extremely
luna classic shouldn't deserve being called surviving with that kind of valuation honestly, their value has been going down ever since to the state of no saving.
you see the fact that the team just decide making a fork means that luna classic is already beyond saving, and it gonna requires tremendous amount of capital just for keeping its value let alone rising it back to its former glory.
the fork is like a solution that doesn't require capital, they just trying to make a new brand for luna, but alas the valuation for the new forked luna is also very low.

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carlfebz2
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June 06, 2022, 11:47:05 PM
 #80

What is the main purpose of the LUNA fork? To rise up their value again?
Well, actually LUNA has experienced very hard things, but fortunately, this coin could survive and has its value again. But, I am not sure about the fork. Investing in this kind of coin is still very risky. It can survive right now but if this happens again, will this survive again?
I cannot take higher risks than I can afford. It is enough to buy LUNA at that time and get some profits. but I personally don't hold them for long term investment. We still remember how this crashed extremely
luna classic shouldn't deserve being called surviving with that kind of valuation honestly, their value has been going down ever since to the state of no saving.
you see the fact that the team just decide making a fork means that luna classic is already beyond saving, and it gonna requires tremendous amount of capital just for keeping its value let alone rising it back to its former glory.
the fork is like a solution that doesn't require capital, they just trying to make a new brand for luna, but alas the valuation for the new forked luna is also very low.
They are just trying it to save via having that lunac which i dont really even see the point on why people do keep on supporting this coin but seeing into its value then its not really that surprising that it had a bad

drop just like into that mother coin which it did go fall down as 0% into its value and i dont see any reason that they would still get the same support that they had get earlier or just like on what luna achieved

in all of the situations happened which is the worst then its no surprise that people are way too wise as of this moment and never again touch it up.

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