LUNA 2.0 is live!

[topman21]

Ever since Luna 2.0 hit the market, I can see that it has only started to decline.Many hoped that the market would recover after Luna 2.0 went live. But we saw the oppositeLuna 2.0 has come down a lot since it came on the market.Now people have completely lost faith in these Luna coins. Even those who might have expected it have lost faith in the current state of the market.

[Flexystar]

Dam Luna got some guts for sure. They are not doing well with the first project and here they come up with idea of LUNA 2.0, I mean how they believe in them so much that people are going to invest into that name? Does anyone really has a good idea what’s going on with their devs. I would choose from other hundred which are trading in top volumes on CMC in the current bearish trend. Definitely they have lost most of the investors in first version. People have lost huge amount of money, those would be in the haters community for sure.

[bitkanu]

It was very good at first, but after a few hours of being listed on the market it went down drastically again. It seems that it is not easy to regain the trust of LUNA investors who have been traumatized by the damage to the old version of LUNA. But the Terra LUNA team has so far taken good steps to regain the trust of their investors. I think only time will tell whether LUNA is successful in its new version or not.

considering that LUNA has caused millions of loss towards all the people that was holding their luna classic before, i'm sure most of them are just gonna cash out their vested new luna distribution, they just wanna invest in something else and get the tiny fraction that they could save from this new luna distribution.
even the market aren't really enthusiastic against new luna, maybe because as you said it has lost the trust of their veteran holders, maybe in the future its just gonna be another same luna classic crash all over again.

[Mart1ncrypto]

Does anyone trade on the Binance exchange? It says here that this exchange supported Luna2 trading. But my friend said the opposite, that this coin is not on the exchange.

[X-ray]

Does anyone trade on the Binance exchange? It says here that this exchange supported Luna2 trading. But my friend said the opposite, that this coin is not on the exchange.

I do trade on binance. You shall ask your friend again whether he has been checking binance again. I can see that the new luna already traded on binance. Here's one of new luna pair https://www.binance.com/en/trade/LUNA_BUSD

I guess that there might be something wrong with your friend. You shall need to ask him again whether his problem already solved or not.
I can see luna actively traded on binance with huge volume.

[el kaka22]

I have to say, the price could be looking "not terrible" as of yet, and it dropped off with a big steep when it first started, but looking a bit more calm these days but that is mainly because the money is not at the hands of the market all the way fully yet.

I promise you that when time passes, Luna will be doing a lot worse, and buying Luna 2 right now means you would be making a big mistake. It is your own money, do whatever you want with it and nobody can stop you, if you believe that this would be a good idea for you then go ahead and do that. But, I would highly suggest people to not make the same mistakes twice and just be smarter about the situation this time around.

[NicNacCoin]

Sorry for anyone hoping to recoup their pre-crash losses. It's trading around $5 presently after an encouraging but brief opening around $17.

https://coinmarketcap.com/currencies/terra-luna-v2/

Currently following the coin market I found that Luna is in the 7$ range.At first it was in the group of 17$ and then it went up and down again. Many thought Luna might go upstairs and people would be able to recover.But that is never possible. It seems to me that recovery from Luna is never possible.

[kawetsriyanto]

Dam Luna got some guts for sure. They are not doing well with the first project and here they come up with idea of LUNA 2.0, I mean how they believe in them so much that people are going to invest into that name? Does anyone really has a good idea what’s going on with their devs.

Exactly they have huge community members, and actually, they still have many investors. And the community and investors still also want to gain a return on their investments, although they have lost much, they still want their money back. So, what else to do? It is a good idea by building their reputation back again and make the new Luna to be accepted in the community at first, spreading hype again, and while progressing their project with good development. I can not ignore that the development and idea of Luna are actually interesting and convincing, however, I am also not sure again whether the coin will survive long term or not, because the previous crash problems will happen again or not.

[Mame89]

I have to say, the price could be looking "not terrible" as of yet, and it dropped off with a big steep when it first started, but looking a bit more calm these days but that is mainly because the money is not at the hands of the market all the way fully yet.

I promise you that when time passes, Luna will be doing a lot worse, and buying Luna 2 right now means you would be making a big mistake. It is your own money, do whatever you want with it and nobody can stop you, if you believe that this would be a good idea for you then go ahead and do that. But, I would highly suggest people to not make the same mistakes twice and just be smarter about the situation this time around.

I've never bought LUNA in an old or new coin version, but I can feel the sadness of the big investors being crushed by Luna. Personally, deep disappointment is very difficult to heal. disappointment will haunt and mentally damaged, they will be enough not to take another step and do not want to know information about LUNA again investors

[btc_angela]

Dam Luna got some guts for sure. They are not doing well with the first project and here they come up with idea of LUNA 2.0, I mean how they believe in them so much that people are going to invest into that name? Does anyone really has a good idea what’s going on with their devs.

Exactly they have huge community members, and actually, they still have many investors. And the community and investors still also want to gain a return on their investments, although they have lost much, they still want their money back. So, what else to do? It is a good idea by building their reputation back again and make the new Luna to be accepted in the community at first, spreading hype again, and while progressing their project with good development. I can not ignore that the development and idea of Luna are actually interesting and convincing, however, I am also not sure again whether the coin will survive long term or not, because the previous crash problems will happen again or not.

Yeah, but it will take some time before they can get back their reputation because it has been damage and have even been exposed before as part of a big project that also fell in the past.

So how can they repair that kind of damage? And even if they have huge community, some of them are reluctant and we don't know maybe goes after them in a court of law and sue them?

And with that, I'm not convince that they can enjoy the support in an instant and it could be a different road for them specially that we are in a bear market already, bad timing.

[Little_Sister]

I've never bought LUNA in an old or new coin version, but I can feel the sadness of the big investors being crushed by Luna. Personally, deep disappointment is very difficult to heal. disappointment will haunt and mentally damaged, they will be enough not to take another step and do not want to know information about LUNA again investors

I might just buy Luna for scalping and have made $200 profit before the release of the Luna 2.0 coin, but I have to rush to take profit because the pattern of movement is changing fast. But I also regret the investors who bought Luna at $90, they must have lost high funds.

[Devifajarina]

Sorry for anyone hoping to recoup their pre-crash losses. It's trading around $5 presently after an encouraging but brief opening around $17.

https://coinmarketcap.com/currencies/terra-luna-v2/

Currently luna is being developed to 2.0, some investors are not able to recover the losses on the initial investment, even this project has lost confidence in the market for everyone involved in the investment, for the future they have to work hard to restore people's trust and I think this is very difficult done, because many investors had big losses in the past, but everything can change, if Luna 2.0 can have a better impact than before

Logic dictates that if you are a victim of the first scam, then obviously, you don't want to be a victim again. I'm not a victim but I will not invest. It's hard to restore the trust and reputation here in crypto. Once it's damage or tainted, you are done.

So Luna 2.0 might be just another pump and dump projects moving forward. And those scrupulous individuals will also find a way to make money out of those unsuspecting victims who think that the second version is good to go.

Like me, never been involved in luna investing before, so to make the latest developments and then trust them even more absurd, it's almost hard to recover the bad reputation for some of the less powerful coins, as they are more likely to be pumped and dumped after the target achieved.

Instead of entering into this risk, it is better to choose another altcoin that has clearer movements and is able to strengthen when the market returns to normal.

[Baofeng]

I've never bought LUNA in an old or new coin version, but I can feel the sadness of the big investors being crushed by Luna. Personally, deep disappointment is very difficult to heal. disappointment will haunt and mentally damaged, they will be enough not to take another step and do not want to know information about LUNA again investors

I might just buy Luna for scalping and have made $200 profit before the release of the Luna 2.0 coin, but I have to rush to take profit because the pattern of movement is changing fast. But I also regret the investors who bought Luna at $90, they must have lost high funds.

Good for you mate, and that's how we play the game, we can scalp and make money that easy, but you really have to be very fast to be able to profit like you did.

But I will have to speculate that majority of us lost the trust already and doesn't want to take that risk to invest again because of what happen. And looking at the price right now, yeah, no more push from investors. And the investigations are still on-going by the South Korean government and I doubt that Do Kwon can recover the reputation he has lost for this project.