Will LUNA 2.0 be a complete failure in the long-term?

[Abiky]

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

[Manel0x]

Tera Luna unexpectedly crashed investors funds, despite the market volatility some weeks past, others coins and token did not create a noticable down fall just like Luna did. It was really a shock that Luna dropped from $100+ to $0.0001, I think I should call the situation unprofessionalism by team of the terra Luna.

Bitcoin, Ethereum, BNB and TRC did not fall to the bottom just like terra did. And now Terra has developed (launched) the terra 2.0, the team have shown their incapability and lack of professionalism that they couldn't restore the original project, their is no doubt they will not fail again in future when their is market volatility..

Thanks sir.

[cryptoaddictchie]

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

I think it cant never go back to the top like it was used too. Its not because it has no investors, but people's trust loses a lot on this project. I am just thinking that it was listed by some exchange due to their losses and care for the people who wishes to get back their money since when it fully declared end then theres no chance to get your money at all. Even CZ loss a lot here, so I am thinking they want to earned it back through trading or hoping for another big pump.

[lobo13hf]

Basically luna already failed and it doesn't matter whether it was issuing the new token or not but this is a complete failed project. Thousands of people are loosing their money. Giving the hardfork coin as a way for people to recover some of their lose didn't meant if this wil; make people feel satisfied again in the long term. I just remind you what about those who have bought UST since the reward was not 1;1 with their UST.

People are loosing a lot of their money. They do know that if this is a bad project but yeah the hardfork coin has become a way to convince the investor in short term.

[passwordnow]

First of all, it's very unlikely that the 2.0 Luna will return to its old form. It will never happen IMHO. There's no way that they'll get back those billions because it's already spent somewhere by whoever benefited from it. And the Terra owner, Do Kwon, and his team cannot do anything with it. Instead of making some admission of their fault, they didn't do it yet formed a false hope to their investors instead of focusing on getting back the wealth that has been slashed to them. And even if they admit it, they'll never get it back and there's something they know that they don't want to tell to everybody.

[Lubcub62]

I see that no investor actually buys Terra Luna version 2 for holding or long term investment. but I see those who buy are just looking for a momentary advantage like taking advantage of the hype for a moment. no one really believes for long term investment. everything is just in and out in short term trading investments. you can see at the beginning of the listing the direct price pump up to $ 30 and then dump to $ 5 . but after binance started listing the price started to slowly rise again. but still, from the chart itself, we can see that everything is just waiting for the moment to buy and the moment to quickly sell when you make a profit.
but can not say will fail. because the trading volume is still quite good. but everyone is just afraid of being disappointed again.

However, if you have experienced failure, you will not find maximum confidence again like the initial project.

[asriloni]

That's too naive to think that if this project has not yet become a failed project. As far as i know if so many people are against the proposal but do kwon was still executing what he was thinkin if that was true. This project didn't even hear the community's response. The founder keep creating the new token to avoid his fault. Creating the token was free but he has been making billions of money gone for nothing. This project was so garbage as fuck.
There's no hope for the new version of terra luna. This will be dumped so hard in the future.

[andyou1234]

Yes, I think LUNA 2.0 will be difficult to grow again like Terra Luna before, because investors and crypto users have lost confidence in Luna, I assume that LUNA 2.0 will fail miserably to develop in the future because there are many things that must be done by the team, especially re-establishing the trust of crypto users who have suffered heavy losses some time ago, I think that currently crypto users are very selective in choosing projects or tokens to invest in so as not to experience something like what happened with terra luna.

[dimonstration]

Yes, I think LUNA 2.0 will be difficult to grow again like Terra Luna before, because investors and crypto users have lost confidence in Luna, I assume that LUNA 2.0 will fail miserably to develop in the future because there are many things that must be done by the team, especially re-establishing the trust of crypto users who have suffered heavy losses some time ago, I think that currently crypto users are very selective in choosing projects or tokens to invest in so as not to experience something like what happened with terra luna.

While I agree on the general sentiment of all the crypto user especially those whose affected on the catastrophic loss of Luna failure. I still believe that hype and blind followers will still trust this project since it already prove themselves before the failure occur. There path is same with Ethereum which fork Ethereum and leave Ethereum Classic after the attack on there smart contract last 2016 which result to huge funds loss. The price of the Ethereum that time went down to the bottom and stay there for a long time. Vitalik just slowly build it again and gain trust of the investors to buy back again. There's a chance that this instance will be the same to Luna 2.0 since there's still huge volume on the exchange right now for this token. But let's see if the hype will sustain for more than a month.

[ultrloa]

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

Depend on the situation if Devs and their whales will keep supporting the project then maybe we can see them succeed back in future, but if their whales already done with them and the one who's reviving the project are the small investors well we can say that they might fail in future. For now they will struggle since the issue hit them very hard but once the issue fades and the confidence of the people cameback again maybe we can see them get a good revival in future.

[Godday]

If we look back at what has happened with Luna Classic, I think 70% of Luna 2.0 projects will fail.  A lot of people have been skeptical because of what has happened to LUNA Classic which I think it will take more into consideration than investors considering this is a project with most of the team being the same people as the Luna Classic project.

[RussianEnglishTranslation]

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

Please do not waste your money on Luna2. Do Kwon has been proven to be a scammer. Do some research before you invest, please. You are better off investing in a different L1 with real world usecases, like FTM, MATIC, or CNDL.

[|MINER|]

Before answering this question, I am talking about an incident that happened yesterday, this same question was asked to me by a friend of mine yesterday.  I first asked him, "Will you buy Luna and will you not be afraid?"  He replied, "No, I will not buy Luna and there must be fear."
Now let me speak from my opinion, as above my friend is refraining from buying Luna out of fear.  So I think a lot of people who have invested in Luna will refrain from investing in it.  As a result, Luna will never be able to achieve the same position as before.

[alisonwonder]

Now let me speak from my opinion, as above my friend is refraining from buying Luna out of fear.  So I think a lot of people who have invested in Luna will refrain from investing in it.  As a result, Luna will never be able to achieve the same position as before.

Many traders don't want to take risks to invest in red flag coins, now many other top altcoins are more confident for long term investments, many rumors about the new Luna will not have any impact to restore the price but it is a bad possibility that the new Luna will also be lower than Luna classic.

[NicNacCoin]

It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much.

Looking at the state of the Luna 2.0 market, I can say that it has completely failed. By investing in it long term you will fall into more losses.Those who have invested in Luna coins for a long time and who have lost by investing will never recover. There will be no investors to invest in and it will probably never pump up again.So I say don't make any long term investment with these Luna coins.

[DeathAngel]

Yes it will be a disaster, sometimes something just needs to be allowed to fail. It’s a sitting duck with no future, it will trend towards $0 without a single doubt.

[lionheart78]

If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success?

It is the total token supply that will help Terra (LUNA) to at least recover its ATH.  Terra(LUNC) is already done.. I think.

There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

I agree, better to look for a new project that has better decision making than the Luna dev team.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future?

I think it will recover, but success?  With the way the people behind the project decide, I do think that it is not impossible but it will take time.

[ryzaadit]

Trust has been lost.

No matter what they did, IMO the price are not gonna back up again and gonna down maybe under 1$. Everyone love old luna because how the system LUNA <> UST while they can arbitrage profit and the staking reward.

Now, the trust is lost so better stay away.

[erep]

Yes it will be a disaster, sometimes something just needs to be allowed to fail. It’s a sitting duck with no future, it will trend towards $0 without a single doubt.

We don't need to think about things that are not important, now Luna has lost the trust of investors, the opening price of new luna is not as expected even though the ratio obtained by luna post attack holders is very low, so leave luna and review the top altcoins when the market is bearish.

[BlackBaron]

Trust has been lost.

No matter what they did, IMO the price are not gonna back up again and gonna down maybe under 1$. Everyone love old luna because how the system LUNA <> UST while they can arbitrage profit and the staking reward.

Now, the trust is lost so better stay away.

when the trust is lost then there is no hope for Luna to increase, now the price is increasing due to the announcement of binance again supporting the luna v2 program but after that time has passed, then the prediction of the new luna price will decrease to $1, so hopefully no losses from trading the new luna coin.