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

[MAAManda]

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.

My personal opinion, only 30% of this Terra (LUNA) V2 project will be successful in the future. since they currently only rank #2808 in CMC, this indicates that not many people are enthusiastic about the new coin that the Terra team is making. People have lost faith in the Terra project and they are also afraid that the chaos in Terra V1 will happen again in Terra V2. Slowly, people will leave or even forget about Terra.

[Johnyz]

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.

I’m slowly thinking the same way since LUNA lose the trust of many investors and there’s a big effect of that. This may continue to pump and dump but in the long run, you can know where LUNA is heading which is on the bottom price. If some projects will still use LUNA network, then that could change everything.

[RealMalatesta]

Technically, Luna will survive in the long term since they have many developers working together on this L1 blockchain but the main concern about this project is their fundamental. Many investors loss money already in the first version and most of them are influencers that invest million of dollars in the project. If Luna manages to survive the first crucial month of criticism and doubt from old investors, This project might be back alive and run for long term. Personally, I don't believe on the project anymore especially that we already know how dumb the CEO on decision making.

I will not put a single penny on this project even if they manage to comeback without refunding all the user funds loss in the luna classic.

Technically Luna will not survive in the long term because of anything. What you need to understand is that people with millions of dollars will not invest into Luna, there could be a few maybe, but millions of dollars is nothing in the crypto world, and will be going to zero in a single hour if people start selling. They will "try" but it will not survive. Of course you are free to think however you want and if you think that it will do well then kudos to you and I hope it does.

But, I believe that it will not be doing any good and it will only lose money and people will be very upset about it as well. That is all I believe Luna is capable of from now on.

[rum19980]

LOL LUNA Shit V2 going to 0.00001$ just like LUNA 1 no one will trust this shit again 

[serjent05]

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 there is no need to ask if Luna 2.0 is a complete failure in the future since it is already a complete failure.  Forking an altcoin does not mean that it will be successful, unlike its predecessor.  As long as the project developer is the same, Luna 2.0 will suffer the same fate as LUNC.

My personal opinion, only 30% of this Terra (LUNA) V2 project will be successful in the future.

What??  Can a project be taken into fraction or percentage?  I don't think so, it is either Luna will be successful or not, and I am confused why only 30% of LUNA will be successful when a company or project is always taken as a whole number.

since they currently only rank #2808 in CMC, this indicates that not many people are enthusiastic about the new coin that the Terra team is making. People have lost faith in the Terra project and they are also afraid that the chaos in Terra V1 will happen again in Terra V2. Slowly, people will leave or even forget about Terra.

I agree, after this big scam move of Luna, I believe lots of its investors are already shaken and looking for another valuable project to invest in.

[illetyus]

Luna 2.0 = Bitconnet 2.0
Luna has lost all trust. Many people around the world committed suicide because of the Luna collapse. It doesn't make much sense to trust luna again in the long run.

[Kavelj22]

In the field of crypto, we are used to not being surprised by anything.

In theory, the project is finished and no longer has any added value that it can offer to the market community. But this does not mean that it cannot be exploited, even on short periods, to achieve profits in the medium term to the maximum extent, which is what whales do.

For example, I remember everyone's position on the Dodge coin that it is a project without a support team, and that the size of its mass is constantly inflated to infinity, meaning that it has no future from a counterpart point of view. Of course, we all remember what Elon Musk did through his tweets. This is in addition to its steadfastness for a very long time, as it is older than the entire Ethereum network.

Everything is expected.

[Bitcoin_Arena]

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.

it will be a complete failure. Usually such projects have one chance to win people's trust and once they fail. That is game over for them. People lots a lot of money while staking the UST unstable coin and all Do Kwon did to thank them for believing earlier in the project and even holding the coins during the hard times were rewarded with bread crumbs from an airdrop. What a shame

[libert19]

I'll tell you in few years 

[Yamifoud]

Well, I guess it is time to move on and forget about Luna - they are done already.
Binance had already announced their huge losses from them, many investors had suffered the same thing, I really don't think we can still be hopeful with this project anymore even if they promised to reborn and improve their project.

As it was been said, they have already ruined their reputation and only those who never knew their background will invest.

[Cleopatra04]

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.

I think so too, and thanks for the information.

[JeffBrad12]

Luna 2.0 = Bitconnet 2.0

The different thing is if luna has fork token while bitcoin has no fork token but both were using different trick to scamming the investors.

Luna has lost all trust. Many people around the world committed suicide because of the Luna collapse. It doesn't make much sense to trust luna again in the long run.

Only gamblers are still remain in the luna market. I don't know what those gamblers are thinking about this shit. They keep talking over and over again about the possibility for luna to go to the moon which is a non sense thing. I just wanna know whether they wanna try to sell their house to buy more luna or not.

[fenican]

It's a failed project. The only purpose for the original was to promote the concept of algorithmic stable coins. That failed in absolutely spectacular fashion. It's a bit of a miracle the new LUNA isn't also trading at $0. It brings nothing to the table right now. I'm sure the original LUNA and UST holders are happy there is a new generation of idiots who may bail them out of a truly horrible investment.

[robelneo]

Well, I guess it is time to move on and forget about Luna - they are done already.
Binance had already announced their huge losses from them, many investors had suffered the same thing, I really don't think we can still be hopeful with this project anymore even if they promised to reborn and improve their project.

As it was been said, they have already ruined their reputation and only those who never knew their background will invest.

Who will not be disappointed down 72% since 9 days ago, the new Luna is highly speculative and very risky, investors are having a second thoughts and they are following every news that is coming up, it depends on the news now and how the new mechanism is accepted by the majority of the holders, its a domino effect small investors will follow the reaction of the whales on the news.
So we'll see in the coming months if Luna can still go back, and we can move out from this project and forget Do kwon.

[RussianEnglishTranslation]

It's a failed project. The only purpose for the original was to promote the concept of algorithmic stable coins. That failed in absolutely spectacular fashion. It's a bit of a miracle the new LUNA isn't also trading at $0. It brings nothing to the table right now. I'm sure the original LUNA and UST holders are happy there is a new generation of idiots who may bail them out of a truly horrible investment.

I never invested in Luna (I put my money in ICP instead) but I do see a future for algorithmic stablecoins (until stablecoins are regulated that is). The problem was that the funds that were supposed to backstop UST were stolen and insiders were allowed to trade their UST for real dollars before the collapse. Luna 1 and 2 are scams, so watch out.

[joeperry]

In my honest opinion even if the project is good and they say that "it will not going to happen again" many investors already lose their capitals and money and I don't think they will going to gamble again with the LUNA, just like what you have said there is a lot of other projects that can be an alternative for investment and I don't think many people and investors will go with the new LUNA 2.0 I am saying this as a perspective of a cryto investor.

[Abiky]

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.

The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts

[hd49728]

The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts

Let say only about Terra 2.0, its success or failure should be differentiated with success or failure of Terra 1.0 and price of old LUNA.

Important for everyone, a success or failure project will have winners and losers in their games. All games from all projects are zero sum money games. Losers will blame their failures and loses as failures and loses of projects they invest in. In fact, it is only one part and there are more parts, investors themselves, general market too.

I disappointed with how Terra and Do Kwon handled tbe crisis and their proposal to compensate invetors with Luna 2.0 airdrop. It is not fair for many investors and can not cover their loses.

[Abiky]

Let say only about Terra 2.0, its success or failure should be differentiated with success or failure of Terra 1.0 and price of old LUNA.

Important for everyone, a success or failure project will have winners and losers in their games. All games from all projects are zero sum money games. Losers will blame their failures and loses as failures and loses of projects they invest in. In fact, it is only one part and there are more parts, investors themselves, general market too.

I disappointed with how Terra and Do Kwon handled tbe crisis and their proposal to compensate invetors with Luna 2.0 airdrop. It is not fair for many investors and can not cover their loses.

This tells us that most altcoins are simply not worth the investment. There's a reason many of them are called "shitcoins". Bitcoin is and will always be the best cryptocurrency in the world because of its commitment with decentralization and censorship-resistance. The day altcoins focus on the decentralization, will be the day we can say Bitcoin has real competition. But I don't think that will ever happen, as developers are too greedy these days. Convenience goes on top of security/reliability/decentralization.

With what happened with the old Terra chain, I don't think investors will be inclined to put their money in the new version. There are far better projects with a wider ecosystem of dApps and tokens surrounding them. Who knows if Terra becomes history as another cryptocurrency takes its place in the not-so-distant future? Just my opinion

[X-ray]

LOL LUNA Shit V2 going to 0.00001$ just like LUNA 1 no one will trust this shit again 

The same thing is also happening with the luna 2 https://coinmarketcap.com/currencies/terra-luna-v2/

LUNC already death and there's no reason to hodl this scam coin anymore along with the new lune that is almost die as well. I don't even know why people are still buying this shit these days even during the bearish market.

This coin is just a disaster and CEO has found to be a criminal. I hope that founder will be responsible for what he has done by stealing bunch of money.