No such thing as Too Big to Fail

[SatoPrincess]

I hope the fall of Luna doesn’t encourage the myth that bitcoin is a scam. Bitcoin always seem to be in the center of it all. What happened to Luna was a manipulation of parties who had a lot to gain from the whole business. It’s unfortunate that altcoins cannot be trusted in the long run, the best you can do for yourself is to take your profits when you can and buy bitcoin.

[Hypnosis00]

That's true. Indeed, there's no such thing as too big to fail. Even Bitcoin might one day lose its community. Bitcoin investment is still highly risky. But if we talk of the whole wide crypto market, it is undeniable that the least risk is with Bitcoin.

And besides, we never consider Bitcoin as a safe haven.
We can't just underestimate the volatility of the market and the risk, we are not sure nor have the assurance that everything will still be fine in the future. It is too hard to think but rather to be prepared for anything that will happen someday than being surprised by the actual scenario.

However, is Terra too big? I don't think so. It's a new player. It's not that established yet. It has yet to build a solid track record. In the altcoin world, Litecoin is a lot more solid than Terra even before it fell.

Terra is shitcoin, pertaining to having a good record just to divert the attention of the community and to gain trust. We haven't seen this as it was greatly hidden and it surprises us all. Kinda be such a thing possible to happen even in Bitcoin.

[Oceat]

Those who are new to this market won't understand why Bitcoin is always the top choice coin and altcoins is just a copy. But since most altcoins have some features great that Bitcoin doesn't have that's why most investors would choose those coins but unfortunately, some manipulators and early investors will use their power to gain profit and we can't blame them either because that's the way how market works. One will win and gain profit while the other will suffer in losses.

So if you want to invest your big money just put it on Bitcoin but not really advisable to newbies if they don't know how the market works yet.

[Zilon]

Comparing Altcoin crash to bitcoin is somewhat incomparable. LUNA crashed to -100% with no support to hold the price below any major support zone. Of a truth no project is too big to fail but on the part of BTC it looks a bit more difficult to happen that is the chances are slim. It is best to put all eggs in a single basket(Bitcoin) if the investor is lazy about doing their research or diversify their portfolio and do a steady research. Having all coin in  a single altcoin project is unwise. Crypto is working but it requires your research

[Cookdata]

I remember seeing caution in most of the exchange especially when it is your first time in the their platform, they will give you some sorts of warning on how volatile cryptocurrency are and know what you are buying. Crypto is very volatile and anything can happen, the way they pump so fast is the way they do when it crashes but most crashes happens to shitcoins, not really bitcoin.
Luna was a good coin and good investment, it just that many were caught in hot pot that they never expected to dry there pocket, it was so painful that many of them were already on profits but chose to hold for the long vision they see in the project just like they do in most other projects but it went down so badly that even the venture capitals and angel investors were hit very hard.

[pooya87]

Luna was a good coin and good investment,

I'm not sure if this is a typo or you are just crazy
A centralized shitcoin with nothing to offer is never a good coin or a good investment. The failure of such projects are practically guaranteed from the start, we just can't predict when they are going to fail. If you check the list of top 20 altcoins, they too are like ticking time bombs waiting to die just like Luna.

[Cookdata]

Luna was a good coin and good investment,

I'm not sure if this is a typo or you are just crazy
A centralized shitcoin with nothing to offer is never a good coin or a good investment. The failure of such projects are practically guaranteed from the start, we just can't predict when they are going to fail. If you check the list of top 20 altcoins, they too are like ticking time bombs waiting to die just like Luna.

Pooya, this is unlike you, why the insult! 
I'm not a fan of shitcoins and I don't have any, they look tempting but I fancy none.
Luna (now LUNC) was a layer 1 protocol that was overhyped by venture capitals, Binance and top executives were among people who were all bullish about it, they all invested millions into it, so much confidence and everyone had FOMO and did well, the protocol intention wasn't designed to fail though they were signs and warnings from different community that the Ponzi scheme soon will fall but did anyone here see that? If you tell them to leave such projects, they will see you as an enemy because they saw it as a good project(a reference to my comment) until it failed.
Many people here have Ether, however the fact that so many of them regard Ether as a good/investment coin still irritates me because of its gas fee, I don't care about their merge, we have already had enough proof of stakes that aren't up to standard(low throughput), some are failing every day (Solana). If you mentioned or say that in their community, you become an enemy and likely to be banned.
Whoever believes altcoins are ideal for their portfolio is free to do so, but whatever happens, is their responsibility.

[Despairo]

Luna (now LUNC) was a layer 1 protocol that was overhyped by venture capitals, Binance and top executives were among people who were all bullish about it, they all invested millions into it, so much confidence and everyone had FOMO and did well, the protocol intention wasn't designed to fail though they were signs and warnings from different community that the Ponzi scheme soon will fall but did anyone here see that? If you tell them to leave such projects, they will see you as an enemy because they saw it as a good project(a reference to my comment) until it failed.

For me that you contradicting yourself since you have said it was a good coin, but now you're said it's bad coin. I'm not really sure, probably it's just a wrong explanation from you. Anyone who created new coins will always act and promise they're the best coin since they're offering many features or quick rich program (staking or ponzi), but they will ended as a scam coin in the future.
Just FYI I never bought ETH since I think Proof Of Stake coin is sound like a ponzi.

[Cookdata]

Luna (now LUNC) was a layer 1 protocol that was overhyped by venture capitals, Binance and top executives were among people who were all bullish about it, they all invested millions into it, so much confidence and everyone had FOMO and did well, the protocol intention wasn't designed to fail though they were signs and warnings from different community that the Ponzi scheme soon will fall but did anyone here see that? If you tell them to leave such projects, they will see you as an enemy because they saw it as a good project(a reference to my comment) until it failed.

For me that you contradicting yourself since you have said it was a good coin, but now you're said it's bad coin. I'm not really sure, probably it's just a wrong explanation from you. Anyone who created new coins will always act and promise they're the best coin since they're offering many features or quick rich program (staking or ponzi), but they will ended as a scam coin in the future.
Just FYI I never bought ETH since I think Proof Of Stake coin is sound like a ponzi.

I know what I stated and stand by it, 'it was' was what I said in my statement, indicating past tense, and I'm not attempting to negate anything. People's investment choices are arbitrary, especially those who missed bitcoin in its early stages, they will always buy and hype anything that would offer them that state of bitcoin, check Twitter and Youtube, all bitcoin maxis have altcoins, what do you think they mean when they say diversify your portfolio? Hmmm. If not for the disaster, if Luna was able to maintain the $80 price, nobody will complain even if you warn them about that protocol, DAI did but non of the influencers retweeted or make videos about it.
Anyone who bought Ethereum under $10 will call it a bullish and good project and those who FOMO at $4k will called it bad, the same thing applied to Luna, they were all greedy when they were offered 20% APY on staking, and that's foolish.

A new Luna was launched, to show that people prefer nonsense to bitcoin still went back and bought it, they are currently holding, what will you call that? people will be willing to risk and justify the good side of what you are not seeing. Please don't mention the meme.

[Mpamaegbu]

it's the same risk involve with crypto generally including BTC but BTC is just way safer

For me, the major reason Bitcoin is where it's today is because of the community. It's not even about its size. Bitcoin has got well structured and committed community. Nothing much else Bitcoin is doing that other cryptos aren't doing or even doing better and easier. Come to even think of it, there's no smart contract to Bitcoin like Eth and others have. It's a PoW and doesn't afford hodlers much benefit of earning more quantity on staking apart from price appreciation, unlike PoS where staking is allowed. Nevertheless, I still think it will be unimaginable for Bitcoin to fail. If it does, that will be the death of the crypto industry. The confidence reposed in this industry is garnered from Bitcoin. If Bitcoin collapses, the entire crypto market will disappear.

[Davidvictorson]

Nothing is too big to fail in crypto world, Terra Luna is a big example that the safety of your money isn't guaranteed even if you invest in top altcoins out there, it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

In one of my posts, I asked forum members to share an unpopular opinion they hold about Bitcoin. One of the comments that caught my attention was by NeuroticFish. It is in line with your thought:

In the same way Bitcoin can eventually reach $1M, it can also eventually fall to 0.

The truth is nothing is promised. Most of us believe in bitcoin's potential yet we know that there is still some uncertainty. Personally, I feel that there is still a 5% chance that something bigger than Bitcoin may pop up in the distant future.

[dataispower]

Comparing Altcoin crash to bitcoin is somewhat incomparable. LUNA crashed to -100% with no support to hold the price below any major support zone. Of a truth no project is too big to fail but on the part of BTC it looks a bit more difficult to happen that is the chances are slim. It is best to put all eggs in a single basket(Bitcoin) if the investor is lazy about doing their research or diversify their portfolio and do a steady research. Having all coin in  a single altcoin project is unwise. Crypto is working but it requires your research

bagging all your eggs in one basket is bad and it's something somebody will follow as a point of idea, is truth that bitcoin resurrect than altcoins and altcoins don't have such quality, that is untrue because is not all altcoins will be underrates or will die off like others. Yes bitcoin has potential and can fail through out year and still regain it potential within the next year. When we ask of results of profit during investment altcoins have the bigger profit to give and especially the one that have good market promoters and functions

[Shamm]

it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

The risk of investing in cryptocurrencies are not the same at all, bitcoin is the safest, Altcoins like litecoin and ethereum are better than many altcoins. There are some altcoins that should be avoided. What happened to luna is just like a ponzi to me, many altcoins are existing successfully but not that they are not risky. But you are not wrong, it is good to take risk with what you can afford to lose.

Bitcoin is much more safer and the best because it has been the only currencies that even two countries has adopted as a legal tender and also getting more recognized in the world than altcoins that has no utility and bitcoin is more decentralized.

Taking risk is good but you must remember that not all the time taking risk you will be successful someday cause sometimes even you are taking high risk then end the end of the day you still loss your money so it's a good practice that you must take a risk what can you afford to loss because like I said not everytime you will be successful.
Bitcoin is very known and the father of all crypto currencies so it safer than other