No such thing as Too Big to Fail

[Takyeon]

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.

[Accardo]

Bitcoin is almost too big to fail because of the technology, mathematics and sciences behind the creation of Bitcoin and bitcoin. Imagine the blockchain network fails that's catastrophic and it's almost impossible, similar to the currency (bitcoin) that was built on it. As for Alt coins, people should stop rating coins eligibility to succeed by its prices but, the use case behind it. Just like I said about blockchain network its the use case of bitcoin and many companies that condemned bitcoin in the past like JP Morgan are working on the technology today. So, use case is what matters when investing on any coin or project on the cryptocurrency market.

[Coyster]

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...

Generally when you invest in crypto, it comes with its own fair share of risks, and of course not just crypto, every investment option has its advantages and disadvantages, but investing in altcoins is quite different from putting your money in Bitcoin. Altcoins are pump and dump projects, short term 'stuffs' that sooner or later will dump, it was Luna a couple of weeks ago, mind you that the problem isn't solely with Luna, as it can be any altcoin next.

Bitcoin on the other hand can plunge/correct in price, but it is a coin that has an actual utility in our society today, that is something most, if not all altcoins can't boast of, thus a coin that has an actual utility can't dump and stay down permanently, it would definitely rise back up again, and history is in its favor as regards that.

[examplens]

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

whether only I have a feeling that Terra Luna holders experience that all crypto revolves around that currency?
After the big Luna fall, I have seen many announcements of the crypto world apocalypse. It could be concluded that Bitcoin is imaginary in relation to the super currency Luna.

Trusting the wrong altcoin is a personal mistake and other cryptos, especially not Bitcoin, should not be generalized.

[GeorgeJohn]

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.

What's happening to Luna is general something that alway occur in cryptocurrency industry, already no cryptocurrency currently is in the better position right, provided that you have make up your mind of having cryptocurrency in your agenda, the risk most be admitted in all forms knowing that cryptocurrency is not assured in the lines of acceleration and fluctuations, at this State Bitcoin who is the mother of all cryptocurrencies is experiencing dip market, so it's obvious to that currencies that lack potentiality will be in the bad state.

[pooya87]

Size of a project is not a characteristic you should even be looking at when wanting to decide whether the project can fail or not. Unfortunately people keep comparing things with bitcoin and think that the reason why bitcoin is so successful is because "it is big" but the fact is that bitcoin is successful because it is useful and well designed.

Comparing it with altcoins you can see that regardless of their size or rank in the list of market caps, altcoins are not useful and their design is flawed some of them have serious flaws like top altcoins including ethereum. This is why shitcoins like Luna fail, a centralized flawed design was practically guaranteed to fail.

[cryptoaddictchie]

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.

I think pretty much has learned over this over and over again. Its not just terra but even the top coins out there are all risky. Yes they could be blue chips but we cant anticipate such event that will occurred to them whether its good or bad. The only thing we must do is be ready and always invest only you can afford to lose. Cause who knows what attack might hit them on or incident that could lead to something like what happened on Luna.

[Lida93]

Failing is not that bad as some see it to be. When we fail we therefore learn how to do a particular thing in different ways, that s according to Herbert .H., only that this is a business world and loss is something no one will like to incur so like the OP said, "take risk with what you're ready to throw away". Doing this won't really be a loss but rather an experience gained to do things differently, smart and better.

[CryptoHeadlineNews]

Nothing is too big to fail in crypto world, Terra Luna is a big example

Even the great wall of Jericho fell down flat those days stated in the Bible. Failing is human, and it is what we do after each failing that actually matters. So the world of cryptocurrency is no exception to failing, which is one thing everybody just need to have at the back of there mind.

take risks with what you are ready to throw away  

Yes.. Because i have heard this countless number of times from several crypto classes i have attended, and with this great fall of Luna Terra, it will serve as s lesson to many.
But actually, its very painful to see your $10,000 portfolio turn $100.. WTF🙉

[Dunamisx]

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

Learn this please and be free of all doubts, bitcoin is in no way to be compared with altcoins, they aren't the same, about 13 years ago that bitcoin has been in use, it was never traced to exhibit any of it system under a fraudulent arena or cease to operate just as many other cryptocurrencies did, most of the altcoins failed along the way if they manage to reach a year or so, but bitcoin over the last 13 years still maintain its nature and remains bitcoin and not a failed project.

[xSkylarx]

so like the OP said, "take risk with what you're ready to throw away". Doing this won't really be a loss but rather an experience gained to do things differently, smart and better.

Problem is some people forgot or don't know anything about risk management. They invest too much because of the get rich quick mindset. With the parabolic growth of luna in the beginning I'm pretty sure there are some people that only invested because of the hype. But with the Terra Luna collapse, their 6 digits investment became 3 digit just in a week. Some people got depressed to the point that they took their own life because of that experience.

[odolvlobo]

Nothing is too big to fail in crypto world

Ethereum was considered to be too-big-to-fail when it was forked after the DAO hack.

[hatshepsut93]

Bitcoin is almost too big to fail because of the technology, mathematics and sciences behind the creation of Bitcoin and bitcoin.

I think Bitcoin is more fragile than people in Bitcoin community believe. Overwhelming majority of Bitcoin's value comes from the hope that ti will be worth more in the future. But what if the market will become saturated, there will be very little new investors who believe in "Bitcoin to the moon"? Then a downward spiral might begin, investors who are tired of waiting for massive profits will dump it and be satisfied with modest profits, investors who barely made any profits would dump it fearing potential loss, and so on.

[passwordnow]

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.

There were projects that have become big also before but you can't see them anymore if you find them. A lot of projects have made themselves popular during this pandemic and then a lot have fallen to their rankings. With bitcoin, it's still the best and if not safe for the others, it's still the most trustworthy crypto that anyone can invest with. Yet many don't like to buy it and chooses their path to altcoins because they're looking for better and quicker gains whilst for bitcoin, it's steady and slowly.

[TravelMug]

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.

But if we talk about Bitcoin, the prime mover, then we have some exceptions to this rule. Terra Luna fall because of the people behind it, they didn't know or at least didn't expect this and don't have any fall back until it's too late. Of course there is risk, so everyone should know how to mitigate them at least and not invest all your money into crypto and hope that one day you will become a millionaire. Maybe ETH is also one project that you can add to the list of being a 'safe' investment.

[Darker45]

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.

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.

[Rikimaruu]

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.

But if we talk about Bitcoin, the prime mover, then we have some exceptions to this rule. Terra Luna fall because of the people behind it, they didn't know or at least didn't expect this and don't have any fall back until it's too late. Of course there is risk, so everyone should know how to mitigate them at least and not invest all your money into crypto and hope that one day you will become a millionaire. Maybe ETH is also one project that you can add to the list of being a 'safe' investment.

Terra falls because of the people behind it you say, who are those behind other crypto projects? Ghost? gods? What happened to Terra can be categorised as a fatal mistake but it can happen to other projects too, we are all humans and mistakes can be born at any time.

[_act_]

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.

[m2017]

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.

I have serious doubts that bitcoin will one day lose its community. Even in the worst case scenario, there will be those who, under no circumstances, will not sell their BTC. Faith in bitcoin has already grown so much that, in my opinion, this is impossible. Just as important is the fact that not all investors evaluate bitcoin as a speculative tool for enrichment. Undoubtedly, these investors at the first incomprehensible situation will sell everything at once. But there are holders of a completely different kind, for whom bitcoin is something more than just a tool for increasing money. They will keep to the last, perhaps longer.

That's true. Indeed, there's no such thing as too big to fail.

Agree. But all these big projects are worth nothing next to bitcoin in fact. Even taken together. And because it all so fragile and unreliable to invest in them with double caution. Especially in new and hype ones.

[suzanne5223]

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.

Yes, nothing is too big to experience a downtrend in the crypto market because the market is all volatile in nature but the issue about Terra Luna is something every cryptocurrency investor should know it's going to happen. Why do I say that?
I believe the crypto investor is making the same mistake because you just invested in the Terra Luna coin without reading the concept of the project.

I don't know maybe most people invested in the project because it claimed to be backed with BTC but the project concept was "price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. " and it was said to "use of fiat-pegged stablecoins". Whereas no crypto is stable in price.
Which they are just creating another version of the mistake made by the Central Bank. I don't know if they have learned from their previous mistake but people to stop investing in hype base projects especially those that the influencer claimed to have invested real big money without doing their own research.