Luna 2.0 keeps falling

[Oshosondy]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

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[lobo13hf]

Anyone who still bought this scam coin were so dumb. They were purely gambling on what already verified as scam coin. Some small fish are still expecting a high return from this. I don't know what people think about this and i keep seeing people who feel delusional about this coin in the various telegram trading group. This is so funny to see that and how pathetic these people are. They are keep saying this coin will become big again.
Im sure that the price of luna will be even deeper than the current price. The new token will be released everymonth.

[Bitcoin_Arena]

What did people expect?

That a fake fork of a shitcoin that just dumped less than a month ago making people lose millions of money would be their savior and help them recover their money by pumping?

The only way of recovering some money from LUNA is by shorting it hard

Look what the CEO did to his twitter  
What is he hiding from the public?



Anybody who is still believing this scammer will be Kwonned once again

[Dave1]

I think it's obvious, investors are not going or willing to risk their hard earn money again to this scammers. And as much as we feel sorry for those who lost a lot of money here, I don't think they can recover it back by investing on Luna 2.0.

so I doubt that even if we are in a bull run, they can regain the trust and reputation. Sure there could be occasional pump, but it will be due to the manipulation behind and not investors putting their money because they believed on the project itself. Those days are gone now and we might say that they will become another shitcoin in the congested altcoin market.

[sunsilk]

This project together with its UST is nowhere to go. Everyone has already expected where is this going and sorry for those folks that have put and shown hope for these projects.

It's better to accept the truth that no matter what they do to revive this project, it's already bound to fall and fail. That's the hard reality that they have to accept and just throw their attention and money somewhere else that's more valuable than of these.

[tbct_mt2]

Both Luna and Luna Classic will need months to recover if they won't die in meantime.

Because it does not make sense for whales and market makers to manipulate and pump its price to the Moon. With Luna Classic, such Moony pump will create so many Luna-Classic-made millionaires and even billionaires. It won't happen and it won't be too easily to get rich like this.

With Luna 2.0 (new Luna), people are still fomo about it. However, it takes time for all legal issues to be resolved (if Terra team can resolve it), and fud disappears. It takes time for whales to collect airdropped Luna back. When they finish token re-collection and if Luna won't die in hell, it will shine. I don't expect to see its shine in weeks or a few months. Maybe one year later and if it won't die in mean time.

[Fundamentals Of]

This is expected. But this is going to fail not because the price of Bitcoin is falling or the whole market is in a bear season right now but because it is already a big failure in itself. This is Luna 2.0. This cannot be detached from the original Luna. This is bringing with it all the trauma, distrust, and failure of the first coin. I am not expecting so much from this coin. This isn't just gambling, this is like your probability to win is only 1% and the opposite is 99%.

[Marvell1]

No surprise, it would be stupid for anyone to continue buying this shitcoin. If you lose money the first time with Luna, you might not be out of luck because not only you but a lot of investors even Binance, themselves have reported that they have lost huge when investing in Luna. But if you keep losing with Luna 2.0, it's no longer Dokwon's fault but yours. Obviously Luna2.0 is a trap that Dokwon created to deny responsibility as well as continue to rob investors for the second time that anyone can recognize and you have chosen to gamble to find luck but unfortunately luck has not come to you.

[LogitechMouse]

~
Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

No surprise with this.
What's surprising for me is that, Luna project still have community that is willing to support the project even though their old coin lost a huge amount already and investors lost a huge amount on LUNC (former LUNA).

It's understandable if investors will buy this coin for short term profits only but if there is somebody who will try to hold this coin in the long run, I will say that you're stupid enough to be an ignorant one. Ignoring what happened in the past is just stupid for me. Just don't hold this coin for long term FFS. I'm not an investor of LUNA but I feel pity still for those who lost huge amounts of money.

Look what the CEO did to his twitter 
What is he hiding from the public?



Anybody who is still believing this scammer will be Kwonned once again

Hiding something = red flag already and intelligent investors know that.
Projects must be transparent at all costs especially in social media. I like the term "Kwonned" though . It's another term of getting scammed .

[yazher]

Of course, it does, imagine it managed to switch from version 1 to 2.0 in just a matter of a few months? The investors are being fooled here and I pity them as much as they lose their investment in this kind of scam. They really need to get their money back and for those who suddenly lose their money in a span of a week, they need to sue the CEO and do the necessary things to get back their money or just move on with things that will benefit them in the future and stay away with these kinds of frauds.

[$anounimus$]

The market is indeed very volatile, and this is not only the case with Luna 2.0. Almost all coins/tokens were corrected when BTC fell. So, in my opinion, although Luna may not increase over the next week or two, it could probably increase over the next month or two as long as the speculators on the exchanges aren't freaks who are always trying to make money shorting these coins as they go. decreases over time, and makes up for the shortfall as its value increases.

[cryptoaddictchie]

I think locking out Do Kwon twitter profile is also a bad move for Luna. Im not sure why the founder doing unncessary things to make it worse for his project. Of course people wanted an update on progress of Luna and doing this might cause negative feedback on them. They should be transparent as possible for now to gain the trust again of the community and I think what he did is make it worse than good.

[shinratensei_]

We have not yet seen more tokens being unlocked after the vesting period will end. This may contribute a lot to the next dump that will be happening with luna. It's very hard to face the reality if the future of new luna will be the same like old luna. So far UST holders have become biggest losers in luna's case. They need to find something to be used to get out from the market. They are dumping their luna to make sure they will able to recover some amounts of money to their pocket.
It's so easy to say if luna will be dead for the second time soon.

[traderethereum]

I am not surprised when Luna falls and does not have a good price, even after the fork, the big investors have already left the project and will not return to them.
They are very sad about Luna's loss and will not support the project anymore.
But I am not sure how long this will happen to Luna because if the developer can work hard and try to convince the investors and ask them to back to the project, the project can raise and get a good price.
I think the developer should give more proof to the investors and public about what they did and how they can survive in the hardest situations so the investors and public can know if the project can survive.

[Dr.Osh]

when LUNA 1.0 fails, then I don't think anyone will push LUNA 2.0 any further than the CEO himself. however, heavy losses were caused by LUNA 1.0 a while ago, and it really made people's confidence fade. it will not attract anyone else to invest in LUNA 2.0 other than to return their profits and sell as quickly as possible. Well, maybe this is just an analogy that I made, but personally, I will also do the same thing, which is to try to recover as much of my assets as possible, and look for other more trusted investment places.

[Beparanf]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

Simply no one trusts them anymore and this scenario is almost the same when they first experience the massive dump. I Luna hype is over and they will need more time to gain again the trust of traders and investors to buy the Luna 2.0. I don't actually expect that they will recover easily after the airdrop because those whales that got back again their extra token will surely exit immediately once the new fork token is listed which really happened on the first week of luna v2 listing.

Don't buy this coin unless there's a clear sign that the team has already gained the trust of investors. This token is a death trap!

[Widdop37]

The chances of surviving on the longer term for luna 2.0 is 1000 to 1% chance, very slim if you ask me, this isn't a project you should invest money on right now unless the price tanked once again, many are already dreaming for 100$ per Luna 2.0 just like before but I believe it's never going to happen again.

[Wexnident]

Did people actually even expect anything here? A serious question. Honestly, the only people I see that would actually buy this would be people who expect themselves to be the ones to profit off of the late investors, kind of like a small-scale event of what happened to the original Luna. Kinda bizarre really how people still didn't seem to learn that this coin is dead, and any fork that comes out of it. I honestly think this Luna fiasco is what normal people see (and expect) when they hear of crypto, a big sham.

[Lubcub62]

my decision not to buy terra luna 2 turned out to be right. because I myself saw the news when Do Kwon launched Terra Luna 2 it turned out that he and the Terra team were being summoned by a court of law in South Korea. so I see a very big risk. and it turned out to be true.

The panic of the sellers is still visible since Do Kwon's Twitter account has been locked to the public.

[mumang siat]

There is no strengthening in the luna coin, the base price is affected by the existence of bitcoin, they are very dependent on the reaction caused by bitcoin, there is no big hope in the future, that the luna coin will return to the green pepper, rather than hunting for luna coins, it is better to look for altcoins another more potential, because even if bitcoin has increased, it is not necessarily luna will return to the normal path, many things that make this coin will not grow again

[Coin BTC]

It seems that Investors will not buy this coin again, even sometimes they think this is a scammer's project, so seeing and hearing this news from investors, I have more and more doubts about Luna.

[Oshosondy]

The chances of surviving on the longer term for luna 2.0 is 1000 to 1% chance, very slim if you ask me, this isn't a project you should invest money on right now unless the price tanked once again, many are already dreaming for 100$ per Luna 2.0 just like before but I believe it's never going to happen again.

That is true, the chance that Luna will survive is slim, the coin is like mimicking the old Luna, the coins are very volatile and this is bear market, which means it is volatile for people that bought it to lose. When I posted this yesterday, Luna has also gone done more. The coin is decreasing in value everyday. It is not a worthy coin to buy. The only time that someone can invest what he can afford to lose is when the market is bullish again, maybe the price will increase by that time.

[smartaction]

People are losing a lot again in LUNA 2.0. It was $ 19 at the time of the first list but it is constantly decreasing. And it's down to $3 now. It's playing with people's emotions. And it just Continuously fucking people hard earned money. I don't know if it will ever recover. But it is too hard to recover previous position

[Ulven]

The Luna pride fork is a joke really. I don't think anyone with half a brain would expect anything to happen here. People who you see buying this are likely delusional and just trying to cash in on the many people that they think will be dumb enough to buy it. It's sad!!! Oddly enough, many crypto users are expecting the new Luna to get back on track, but how does that happen?

[Cryptoworldman]

Luna 2.0 token loses 56% since last week whistleblower accouses terraform labs of owning shadow wallets .

[X-ray]

No doubt. people already lost their trust to this project, they were only selling their tokens to the market. they have no faith anymore with this project. the price may decline even deeper from time to the time. I do believe this is another luna 2.0.
The first luna already gone to the bottom and it seems like this fork coin will be following the lunc token.
It's just the matter until so many FUD will come caused by the dump that happened with luna. This token gives only short term confidence to the investors.

[Teraboy]

I even wonder that anyone still sees this altcoin as having value anymore, after all fork of a disappointment will results in a disappointment, same case with the luna v2 it's just the same thing instead they are going with the rebranding getting away from their responsibility of recovering the value of the luna classic.
in the future this altcoin gonna go down so bad since currently they are still heavily influenced by the new event that is the forking and the vested distribution, after that finally come to an end, the value gonna be going down so hard.

[cheezcarls]

In my own opinion, I think Do Kwon has purposely wanna make Luna 2.0 so that he has additional funds to pay for his impending taxes and other legal issues that he is facing right now. Now that LUNA’s future is so uncertain after this update, expect that it keeps going down and may treat it as the new Shiba Inu later on.

[maydna]

This is almost the end for the Luna project as the price still keeps falling. We don't know what will happen to this, and just seeing the price is down. I think the investors don't like this and will leave the project as soon as possible and will never join the Luna project. Many other projects can give them a big return, so why are they still staying on Luna. People are already losing their trust after losing the power to stay at the previous price. So we only watch how this project can survive, which I doubt.

[dimonstration]

In my own opinion, I think Do Kwon has purposely wanna make Luna 2.0 so that he has additional funds to pay for his impending taxes and other legal issues that he is facing right now. Now that LUNA’s future is so uncertain after this update, expect that it keeps going down and may treat it as the new Shiba Inu later on.

Luna still have remaining funds on there LFG reserve funds if they really want to save the Luna project. The version 2 of Luna was a suggestion by the greedy whales and not Do Kwon alone since there's a vote on there DAO. They just all agree to this suggestion because they will have extra funds to recover some of there loses which they can't if they will use it on buy back to the old chain.

I doubt Do Kwon didn't save funds before the attack or during the attack since there's some question that funds of Luna to stabilized UST didn't use to buyback but rather just sit on a wallet address.

[coin-investor]

The Luna pride fork is a joke really. I don't think anyone with half a brain would expect anything to happen here. People who you see buying this are likely delusional and just trying to cash in on the many people that they think will be dumb enough to buy it. It's sad!!! Oddly enough, many crypto users are expecting the new Luna to get back on track, but how does that happen?

Just today -19.1%, really bad for those who still believe that Luna 2.0 still has a chance to resurrect its old glory, it has become a speculative coin, pump and dumps just like all the new altcoins we're seeing right now, and yet people are still asking if it's ok to invest on Luna now that it's falling, it's better for investors to invest on a more established coin like Bitcoin and Ethereum, not even Binance is safe right now because they are targeted by SEC.

[bittick]

Im not even getting surprised of this is happening with this coin. Loosing trust from the community means losing its value. People's power will be giving a very big impact to the price. The trust matters a lot in this case. If people are loosing their trust and it doesn't matter how many fork coin that issued in the market. I hope that luna will be dumped again to the zero value. CEO of this coin deserve it. He was untrusted guy with arrogant behavior

[Questat]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

It wasn't a surprise for this project as some investors take their chance using the forked and make them sell their Luna. Investors are dumping their coins making an abrupt fall in their price. This actually tells us that Luna has no future anymore and people have no trust at all. They are just saving their capital and not looking to reinvest in this useless project.

I don't know if there are still wanted to put their money into this project coz as I guess nothing. Likely, this project has come closer to its end.

[andyou1234]

even though LUNA version 2.0 has been released I think bad days are still being experienced by LUNA, and whatever changes the development team makes will not be able to restore the confidence of investors and LUNA users who are still very disappointed with terra luna, because they believe that LUNA will not be able to develop as before,

[AnonBitCoiner]

I wonder why people buy and hold the most volatile asset class on earth when you have no idea who the long term winners will be. It is pure guess work… but while all the guesses play out systematic traders in crypto can make an absolute killing. Trend following in crypto works extremely well… why hold through a 60-90% correction when you can exit with simple technical rules that are backtested and known to work… exit, skip the decline and then buy back in when the market really starts trending again.
Systematic crypto is the way to go - it is game changing!

[SistaFista]

I thought it was a good idea to buy some new LUNA coin because the price is still not too high,
but now the price has going down, i think im afraid the price won't recover until Do Kwon do something to regain trust from their investors.
Both LUNA and LUNA Classic are down currently, i don't think it is a good idea to buy those coins.

[DanWalker]

People are losing a lot again in LUNA 2.0. It was $ 19 at the time of the first list but it is constantly decreasing. And it's down to $3 now. It's playing with people's emotions. And it just Continuously fucking people hard earned money. I don't know if it will ever recover. But it is too hard to recover previous position

A foretold death, the new Luna will be like the old Luna, all will soon disappear with Dokwon. There are so many better coins than luna, it's hard to understand why people continue to care about coin created by the same person who stole their money before. Dokwon is the damn guy who caused so much pain to the market and investors. Luna's death was intentional and planned rather than an accident.

[Fundamentals Of]

Good for you if you didn't buy even if you thought it was a good idea to take advantage of the cheap price. Of course it was cheap. It will always be cheap and will even be cheaper in the coming months because this is LUNA, the coin of the failed Terra project, whether the coin is LUNA 2.0 or LUNA Classic. This is a coin that is representing a failed project with a failed owner and development team. The only reason why it is cheap is that many owners are dumping and there are no investors or buyers to absorb it.

[lienfaye]

Its not surprising because investors probably lose their trust in Luna. So they're taking their money to move on because its quite risky to stay especially if the price of Bitcoin plunge, it will greatly affect the price.

I dont think they can still gain the trust of their investors knowing what happened to Terra Luna. Thus its best not to engage yourself and look for other projects to invest your money.

[raidarksword]

Really no hope now to revive and save Terra Luna, it is now a sinking ship in my opinion. Investors and supporters lost faith on this project and so sad many people lost their life savings and worth many committed suicide over this. This is the worth crypto asset meltdown I had seen in my crypto journey. Even the founder just dodging bullets now because many investors angry at him.

[Tellek Garing]

I gave up on Luna since the crash of the network some weeks back and I don't mind whatever they want to call this new shitcoin it will not last long before it becomes just a pump and dump scheme system and in no time from no luna trading volume will melt to zero thereby phasing out luna era in the market.

Most of the old investors never mind buying the new forked luna as they have already concluded the project to be a trap for losses so they just man up to their previous losses and move on.

[Baofeng]

As others have pointed out:

1. Luna no longer has the support and trust of the community
2. Those who received the tokens through bounties will likely sell it right away

So yeah they are doom to fail in the beginning, and it's going to be a big risk for investors for time on Luna 2.0. Lots of factors to consider and mostly they are very negative sentiments on them. For me better wait or just find other projects that has the potential to make money for you. Not a project that has a bad reputation due to it's collapse and bad management by the CEO himself.

[OcTradism]

1. Luna no longer has the support and trust of the community

Community is still big but big holders (top wallets) exited weeks ago. Whales exited and retail investors or gamblers bought the token with a hope that they bought a good lottery ticket.

2. Those who received the tokens through bounties will likely sell it right away

At least, the first batch of airdrop ended. Most of receivers already dumped $LUNA on the market. In next 6 months, no more airdrop with cliff term. I think $LUNA already has its bottom temporarily. Now it is time for Do Kwon to resolve police investigation, accusation against him and Terra team. I don't believe think Terra team and their CEO can resolve it.

[Mame89]

really a shitcoin and helpless coin luna to be hopeful of a return to the ATH price. I'm not a luna coin saver, but I feel disappointed because many of my friends have lost and became victims of hundreds of thousands of dollars lost in 3 days. What I'm still curious about is that the founder of Luna had 31k bitcoins in yesterday's case. Will the stored bitcoins be the pump for the upcoming bull season?

[Sarah Azhari]

really a shitcoin and helpless coin luna to be hopeful of a return to the ATH price. I'm not a luna coin saver, but I feel disappointed because many of my friends have lost and became victims of hundreds of thousands of dollars lost in 3 days. What I'm still curious about is that the founder of Luna had 31k bitcoins in yesterday's case. Will the stored bitcoins be the pump for the upcoming bull season?

Luna v 2 down 70% in 2 weeks and your friends seem like beginners and don't know the risk without seeing the happen in past. Do Kwon bitcoin will not be used for pumping the shits, he knows that. because of that, he did a private account to leave the community slowly

[MakiHasegawa]

More than -70% in last month and it seems just going to become another scam, I really lost respect after seeing how do kwon respond criticism by harrasing him https://twitter.com/FreddieRaynolds/status/1463960623402913797

[Iyeman]

the first time that they left their luna classic anyone should know that their newly made luna just gonna decrease in value since most of the faithful holders have lost their faith in this luna.
the value going down is like really obvious, after trends fade, surely it will go down even further, now it's just fluctuates a lot because the trend is still intact otherwise it's just gonna become another shitcoins.
I'm sure most of holders have moved their investment and asset in something like BNB and ETH that already could be guaranteed gonna be giving back some kind of ROI unlike LUNA

[0verseer]

As others have pointed out:

1. Luna no longer has the support and trust of the community
2. Those who received the tokens through bounties will likely sell it right away

So yeah they are doom to fail in the beginning, and it's going to be a big risk for investors for time on Luna 2.0. Lots of factors to consider and mostly they are very negative sentiments on them. For me better wait or just find other projects that has the potential to make money for you. Not a project that has a bad reputation due to it's collapse and bad management by the CEO himself.

Those are the most important point for cryptos to exist. Fail that and we have case of LUNA2, forked out of spire against community's wish by 'undertable dealing' with Terra validators to pass Do Kwon's proposals. Despite CZ warning that you can't just fork a new coin every time running into problems but he still did it. The failure to properly handle Terra de-peg situation goes against LUNC holder's wish. I also blame exchanges that aid Do Kwon by listing his LUNA2 coin and encouraging his ergo further.

[makishart]

This is shit. How many dumb people are still buying this scam coin. The future can be predicted easily if this token will be going dead soon. The future is not bright. Stupid people keep buying this shit for gambling. They didn't care with their money and their life. How stupid those people are.
I see so many small traders have been loosing even more caused by they were betting on their luck again and again to buy this shit.

This will always be going down no matter what trend that happened in the market. Luna will always become a shitty coin.

[bestcoins1]

Really no hope now to revive and save Terra Luna, it is now a sinking ship in my opinion. Investors and supporters lost faith on this project and so sad many people lost their life savings and worth many committed suicide over this. This is the worth crypto asset meltdown I had seen in my crypto journey. Even the founder just dodging bullets now because many investors angry at him.

There is no other way but to avoid the anger of investors at the founders because it is about losing money and assets that they once owned so it would be very natural for investors to be angry, especially if the amount of loss could be very large through Terra Luna. So there is no need to believe in the new development of Terra Luna so far because the evidence of its ugliness is already there and it is clearly visible.

[Tellek Garing]

the first time that they left their luna classic anyone should know that their newly made luna just gonna decrease in value since most of the faithful holders have lost their faith in this luna.
the value going down is like really obvious, after trends fade, surely it will go down even further, now it just fluctuates a lot because the trend is still intact otherwise it's just gonna become another shitcoins.
I'm sure most of the holders have moved their investment and asset to something like BNB and ETH that already could be guaranteed gonna be giving back some kind of ROI unlike LUNA

Yes, most old investors have lost interest in the project and are not willing to buy any coin right now, and the way and manner the project director is handling the situation made most investors. lost interest in making the project look like a scam and a way to create more shit coins from the luna 2.0.

So if you look at the luna market conditions lately you will easily notice the unstable nature and if care.is not taken in the next few months from now luna may be phased out of the market.

[JoyMarsha]

The major problem we all face in this crypto space is FOMO and hype. FOMO and hype have done more damage than good in this space. When luna 2.0 was launched on Binance, the kinda hype given to it, makes me wonder if is it not the luna that rug pulled everybody months ago. everyone wants to get involved in the moving train, not considering whether it leads to destruction or not.
I know of a few of my friends that still invested in luna 2.0 after crying about their investment in terra-luna.
It's a terrible situation that people like to learn their lesson in a more bitter way

[iv4n]

This is just crazy... did anyone really expect some magical story with Luna 2.0? I am not sure why so many topics about Luna when that project was a disaster from the start?! And if Luna wasn't enough for people to figure it out there now you have it! With Luna 2.0 it's pretty obvious what is it all about!

Well, I am old enough to not feel sorry for people who fall into this trap! I hope they finally learned their lesson! If we see Luna 3.0 I believe people will stay away from it!

[crzy]

This is just crazy... did anyone really expect some magical story with Luna 2.0? I am not sure why so many topics about Luna when that project was a disaster from the start?! And if Luna wasn't enough for people to figure it out there now you have it! With Luna 2.0 it's pretty obvious what is it all about!

Well, I am old enough to not feel sorry for people who fall into this trap! I hope they finally learned their lesson! If we see Luna 3.0 I believe people will stay away from it!

I also wonder why there’s too much expectation about this coin, I’m pretty sure they are already over and this update doesn’t help them to at least get the trust back of the investor. I can’t see any good reason to buy LUNA again, it’s too risky now so better to be more careful on buying LUNA. Remember the trust issues is still with LUNA, and that is the big red flag for me.

[Psynthax]

The luna v2 was fated to be this way, the outcome could already be foreseen because anyone that receives the vested airdrops from the new luna definitely gonna make a recovery for their loss in investment.
If you think that the luna v2 gonna be magically become valued as high as luna classic in this early year, well that's just dreaming.
the luna foundation has ran out money and reserves for making a buy back I guess and this fork is like their last attempt of redeeming their responsibility for their mistake in luna classic.

[Kelvinid]

Well, as expected.
Nobody will keep Luna in their wallet and while seeing there is a chance to sell them, people do it. And besides, this project seems not to look good anyway after the first tragic dumps causing investors to panic.

The mindset of the investors now is too negative and this really has a huge impact on Luna. Even though this used to have a fork that ain't going to save them.

[poodle63]

just a shitcoin showing its true value, anyone holding the new luna because of the massive trend accompanying it and nothing more.
the luna right now isn't the same as luna before the UST disaster and in the future it could hardly hits its former glory again. I'm sure that luna will just retain this current value because this is the real value that luna deserve.
I doubt anyone gonna bag luna just because of innovation since they have none right now.

[Captain Corporate]

Honestly, what did people expected to begin with. Even with a small amount of increase we see, daily, that is like still a ton of amount dropped already. Started out at 15+ dollars, already under 4 dollars and thats basically the closed version of it, we do not even see everyone selling it off yet, we just have a limited market so far. Overtime, its going to get even uglier, I am calling it now, its going to be under 1 dollar before the summer ends unless there is a big bull market in all of crypto. People get hyped about even a slight bit of increase when it happens, but do not realize the overall long term drop it has since it started.

[bhooscream]

LUNA has experienced a very bad crash. And I don't know why people still love investing in the new Luna. Although they may give a very interesting promise that LUNA can be brighter tomorrow again, I personally will not believe it. Some people or parties may only use this chance to get back the profits and over the losses when the price of precious LUNA crashes.

This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

Indeed, a new coin coming from the fork or new of shitcoin will be always shitcoins. 

[dwminer1]

It was obvious from the beginning that buying this shitcoin was a pure gamble. There will probably be a few more pumps on which speculators will earn good money, because the coin is quite popular. In my opinion, buying with a longterm in mind is stupid. I don't think such a compromised project will be rebuilt. Even by the standards of the crypto world, it's too much.

[Henrobakkara]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

As for me, I don't believe that people still believe in this coin after what happened to the first Luna. I think most that did receive the forked coins are mostly dumping them hence what you are seeing with the price however as you said, there will be some that still think they can make some profits from investing in the new Luna, that will be their fault.

[Oshosondy]

It was obvious from the beginning that buying this shitcoin was a pure gamble. There will probably be a few more pumps on which speculators will earn good money, because the coin is quite popular. In my opinion, buying with a longterm in mind is stupid. I don't think such a compromised project will be rebuilt. Even by the standards of the crypto world, it's too much.

Luna is a new forked coins though, but let me put it like this, maybe it will be rebuilt or not, we do not know for now, it depends on what next bull market does, even the old luna is highly volatile and maybe it will be rebuilt depends on the next bear bull market. It is possible the bull market may start and people turn it again to ponzi  and make some profit and again sell during bear. I may decide to use small amount to gamble with the coins during highly bear market that will bring about bull market. But for now, people should not buy, it is dangerous to buy now.

[JahriMeayer]

What else do you expect for scammers? When luna crushed and scammed, wise people realized they'll never have their fund back. Luna team announced fork that time and promised it will help People to recover their money. But People get few dollars as compensation, that's funny. Luna 2.0 was stay $12 for short time only, indeed its a pure shitcoin and responsible behind people got suicide. After those issue, People who still believe luna 2.0 will be develop and gain top position again, then they live in fools paradise.

[Saisher]

Looks like things are not looking good on Terra Luna and Do Kwon, there's an article coming out from Cointelegram, that will put Do Kwon in a bad light to the SEC, there are also charges of tax evasion and market manipulation in South Korea, I guess he's now paying to all his arrogance action, he'll need a lot of money to protect him and hs company from all these lawsuits.

https://cointelegraph.com/news/appeals-court-rules-do-kwon-terraform-labs-must-heed-sec-subpoena-served-in-september

SEC is also investigating whether Terraform violated investor protection regulations before the Terra collapse. Terraform told Bloomberg in a statement that it was unaware of that investigation.

[zasad@]

https://twitter.com/WatcherGuru/status/1534956633251532801
"BREAKING: Terra employees reportedly confirmed to the SEC that Do Kwon cashed out $80 million a month prior to the $LUNA and $UST crash."
Do Kwon Sent $80 Million a Month to Secret Wallets?
https://watcher.guru/news/do-kwon-sent-80-million-a-month-to-secret-wallets

[Shamm]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

As for me, I don't believe that people still believe in this coin after what happened to the first Luna. I think most that did receive the forked coins are mostly dumping them hence what you are seeing with the price however as you said, there will be some that still think they can make some profits from investing in the new Luna, that will be their fault.

Yes the dirt Luna has down without any notice to the public and now the second Luna prices doing down as well, some people still believe in this coin cause waht they are aiming for is that they can earn more profit if the price of this coin will rise again. Maybe they will right that Luna coin price will be on the top and with the high value. In the fist Luna many investor who failed for their aims.

[Mame89]

Looks like things are not looking good on Terra Luna and Do Kwon, there's an article coming out from Cointelegram, that will put Do Kwon in a bad light to the SEC, there are also charges of tax evasion and market manipulation in South Korea, I guess he's now paying to all his arrogance action, he'll need a lot of money to protect him and hs company from all these lawsuits.

https://cointelegraph.com/news/appeals-court-rules-do-kwon-terraform-labs-must-heed-sec-subpoena-served-in-september

SEC is also investigating whether Terraform violated investor protection regulations before the Terra collapse. Terraform told Bloomberg in a statement that it was unaware of that investigation.

maybe it's fitting for the luna founder to be on the dark side. Many people think that if Luna's founders are still alive, they can still make a scamer project damage the reputation of crypto, by having large capital stored they can grow. and maybe a lot of people would be happy if this do kwon was really in jail. Yes, even though the victim's loss doesn't come back

[WalkerIVIV]

SEC was taking action and it seems like we will see do kwon will be jailed next year or at the end of this year maybe. There are bunch of US investors have been scammed by do kwon with his team, he deserved to be jailed.
People are not only loosing their money, they are also loosing their lifes. Some people even done suicide caused by big lose on terra luna while the latest news said do kwon was withdrawing some funds to his personal wallet.

[virasisog]

Looks like things are not looking good on Terra Luna and Do Kwon, there's an article coming out from Cointelegram, that will put Do Kwon in a bad light to the SEC, there are also charges of tax evasion and market manipulation in South Korea, I guess he's now paying to all his arrogance action, he'll need a lot of money to protect him and hs company from all these lawsuits.

https://cointelegraph.com/news/appeals-court-rules-do-kwon-terraform-labs-must-heed-sec-subpoena-served-in-september

SEC is also investigating whether Terraform violated investor protection regulations before the Terra collapse. Terraform told Bloomberg in a statement that it was unaware of that investigation.

maybe it's fitting for the luna founder to be on the dark side. Many people think that if Luna's founders are still alive, they can still make a scamer project damage the reputation of crypto, by having large capital stored they can grow. and maybe a lot of people would be happy if this do kwon was really in jail. Yes, even though the victim's loss doesn't come back

I don't see any hope for Luna to survive because its reputation has been totally damaged and ruined. The people behind Luna should pay for what they did but those who lost a lot should move forward because there's no way for them to gain their investment funds back and that's the risk of investing with a nonpotential coin. Life must go on for them and they should find other ways to earn again because the journey of crypto investment doesn't end there. It should serve as a lesson for everyone that not all investments succeed so we must be wise in picking coins that we're buying.

[SaveOurSea]

why trust a project that has failed? we all know that the LUNA incident has claimed a lot of victims in this crypto world,
and Do Kwon rejects all suggestions from CZ, of course they will fail again, just leave and forget about LUNA,
 it's useless if you still hold this coin, i sell my coin and run in this project forever!

[Anonylz]

"once bitten, twice shy" the first luna was already a huge lesson for many investors if only they listen to the voice of reason. A lot of people were very outspoken about luna 2.0, how it is a bad idea and not wise for investors to support it.
After reading so many opinions online,  I don't think this project is worth throwing money on,  what is the guarantee that Do Kwon won't pull a similar stunt when this new luna have gained investors' trust and the price is high? So far, his approach to handling the situation is questionable.
Luna is not the only good project out there, it is foolish to loss money on it for a second time.

[ScamViruS]

People's faith has lost from Luna coin. It will never return to its former position. And that's why if Bitcoin goes down a little bit, it will go down twice or more. If this bear market lasts for some more time then maybe the result of Luna 2.0 will be the same as Luna classic.

The Luna team failed miserably during the Luna and UST incident. If they could have taken the right action at the right time, the situation would not have been so bad. Since the Luna team has failed miserably, investors have realized that relying on them a second time would not be the right decision. Investors in the market are currently showing no interest in Luna 2: 0. Because of a team's own failure, if a project crashes. Create new coins and taking money from the market cannot be supported in any way.

[kesmex]

LUNA 2.0 will continue to decline, I'm sure of it!, all investors have lost their trust in this trash project,
especially since investors there have reported Do Kwon to the police, of course this will be a new incident,
my advice is to avoid LUNA 2.0, don't do it the same mistake.

[BIT-BENDER]

If the failure of the first Luna didn’t open investors eyes to leave the project I don’t know what will, the dev and team behind Luna really has a lot to go and learn, I believe if they had any chance to resuscitate Luna they should give it there optimum priority and that can only come when they accept to let there stablecoin UST go. Creating a new coin and still having same atmosphere would not chance anything to there favour and any investor still taking a chance at them has to accept the outcome.

[mdgabrielzim]

If the failure of the first Luna didn’t open investors eyes to leave the project I don’t know what will, the dev and team behind Luna really has a lot to go and learn, I believe if they had any chance to resuscitate Luna they should give it there optimum priority and that can only come when they accept to let there stablecoin UST go. Creating a new coin and still having same atmosphere would not chance anything to there favour and any investor still taking a chance at them has to accept the outcome.

Greed moves the world, not to mention that there are many investors with very high losses who cannot get out of the project and this still keeps the hope of a “possible” rise.

[Ludmilla_rose1995]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

luna is a token that came from a failed developer, comparing it to bitcoin imo is inappropriate . those who have been disappointed with LUNA will no longer want to trust their fund to go to LUNA. LUNA's future can be confirmed (will fail again) better and calmer if we all stay away from LUNA.

[justdimin]

The Luna pride fork is a joke really. I don't think anyone with half a brain would expect anything to happen here. People who you see buying this are likely delusional and just trying to cash in on the many people that they think will be dumb enough to buy it. It's sad!!! Oddly enough, many crypto users are expecting the new Luna to get back on track, but how does that happen?

Well, this is the crypto world, nobody really forces you to buy anything at all, you have to do absolutely nothing about it. If someone is fool enough to buy something like that, then they are digging their own grave and we should not really be focusing on it at all, we could totally let it be.

I guess that the best thing about crypto right now is the fact that we make our own decisions, no banks, no brokers, no wall street, we are the ones that buy and sell. This means that if there is a scam project out there, trying to take your money, and you do give your money to them and get scammed, then you are the only one to blame for it as well.

[Teraboy]

it was fated to decrease in value from the first time it was getting listed in an exchange, you could see that no one trust luna ever again for the simple fact that it has incurred loss of billions to the people that holding it.
you could see the fate of UST and luna classic, that's the luna v2 gonna be becoming in the future, it's all matter of time, even anyone that receives luna vested airdrops from holding it before the disaster was just gonna be scraping anything that's left for compensating their loss, anyone should stop investing in luna for real, there are literally so many altcoins out there that's just better.

[Bitcoin2009]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

[zasad@]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

You are making a big mistake. The programs of some exchanges to burn the LUNA will not be useful, because this process will take a very long time. Developers are leaving this ecosystem. Sometimes you need to take a strong-willed decision and fix losses so as not to lose all the money.

[makishart]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

Is that true? It seems like that what you have been saying above was lie. If hodlers are not panic and why they are dumping their new token. The old tokens are also dumping so hard. So, you are luna die hard that still become delusional about the future of luna. This coin has no future since it was dumped to the zero value. Action already taken and the result was the same and so what's the differences?
There's no different. Do kwon may be jailed very soon.

[Rigon]

Not going to fall Allready fell. Many had hoped that Luna 2.0 could grow since its launch in the market.But everyone's arrival was completely dusted. We can see that Luna 2.0 is merging.Luna will never be able to rise again.The coin that has turned into a scam project will never be in a high position among all.

[Mame89]

Looks like things are not looking good on Terra Luna and Do Kwon, there's an article coming out from Cointelegram, that will put Do Kwon in a bad light to the SEC, there are also charges of tax evasion and market manipulation in South Korea, I guess he's now paying to all his arrogance action, he'll need a lot of money to protect him and hs company from all these lawsuits.

https://cointelegraph.com/news/appeals-court-rules-do-kwon-terraform-labs-must-heed-sec-subpoena-served-in-september

SEC is also investigating whether Terraform violated investor protection regulations before the Terra collapse. Terraform told Bloomberg in a statement that it was unaware of that investigation.

maybe it's fitting for the luna founder to be on the dark side. Many people think that if Luna's founders are still alive, they can still make a scamer project damage the reputation of crypto, by having large capital stored they can grow. and maybe a lot of people would be happy if this do kwon was really in jail. Yes, even though the victim's loss doesn't come back

I don't see any hope for Luna to survive because its reputation has been totally damaged and ruined. The people behind Luna should pay for what they did but those who lost a lot should move forward because there's no way for them to gain their investment funds back and that's the risk of investing with a nonpotential coin. Life must go on for them and they should find other ways to earn again because the journey of crypto investment doesn't end there. It should serve as a lesson for everyone that not all investments succeed so we must be wise in picking coins that we're buying.

right will not succeed in repairing the goodness that has become his fault 100% total. no matter what the luna team has done, it can't be trusted, for me this is enough to know and stay away from the project not to hate but to anticipate. this is really a lesson for all project founders so that no big incident will happen again. legally it must be commensurate with what was done

[Quidat]

Not going to fall Allready fell. Many had hoped that Luna 2.0 could grow since its launch in the market.But everyone's arrival was completely dusted. We can see that Luna 2.0 is merging.Luna will never be able to rise again.The coin that has turned into a scam project will never be in a high position among all.

What would you expect? Its mother coin had plummet out then expect that version 2 or any forked coins out of it would really be the same thats why its not really that surprising
that it had suffered on the same fate on which price had decline which is something not new because once trust is broken in the community then there's no really chance for you
to get a second chance on getting some solid support which do make the reason for some increase so dont get surprised with this matter.

[Cornia]

Not only Luna 2.0 but also Bitcoin, Altcoin and Total Crypto Market keeps falling now. And Luna 2.0 will fall in this market condition, but the challenge now is to survive. And since people's trust in Luna coins has diminished, Luna bleeds more than other coin in the crypto market.

[LUCKMCFLY]

It is that the investors of Terra/Luna will never be able to trust this project more, it is logical, those who say that this project will resurface are committing madness, because they will never be able to do it, since this project was marked, rather the investors are very upset as for them to tell you something like that, because no one will want to invest in a project that at the level of trading and investment is totally failed, I see it that way and the way I see it, many people see it, rather what they can put the money is in BTC which is the currency that can never disappoint.

[tbct_mt2]

It is safer to hold Luna Classic, not Luna 2.0. Because all the shits happened with Luna Classic, now it is time to clear all the shits and move toward future, a brighter future.

With Luna 2.0, all shits have yet been revealed so there might be more in future. I mean personally I see more risk with Luna 2.0 than with Luna Classic.

You can see in the last few days, Luna Classic holds its price too well even whole market is in pain.

[Oshosondy]

It is safer to hold Luna Classic, not Luna 2.0. Because all the shits happened with Luna Classic, now it is time to clear all the shits and move toward future, a brighter future.

With Luna 2.0, all shits have yet been revealed so there might be more in future. I mean personally I see more risk with Luna 2.0 than with Luna Classic.

You can see in the last few days, Luna Classic holds its price too well even whole market is in pain.

Wit what I have observed, both coins are just like the same thing, though I read some people's view on Coinmarketcap when Luna 2.0 was created that people should not use the coin and that they are only waiting for their airdrop and sell the coin (the airdrop). But old Luna which is now Luna classic (Lunc) is having almost the same price volatility similarity with the new Luna. I believe if one becomes dead, the other will become dead too.

[Coyster]

Not only Luna 2.0 but also Bitcoin, Altcoin and Total Crypto Market keeps falling now. And Luna 2.0 will fall in this market condition, but the challenge now is to survive. And since people's trust in Luna coins has diminished, Luna bleeds more than other coin in the crypto market.

It is not the same thing, you are somewhat making a mistake, you cannot compare the plunge of btc with that of Luna, or any other shitcoin/altcoin for that matter, you must take into cognizance that most altcoins including Luna are pump and dump shitcoins that only pumped in the network due to hype, and quite a lot of them die when the hype is over, they dump and do not rise again, these are the sort of coins you sell the moment you make ROI or immediately they start to crash so you do not lose your money, because if you think of hodling it for it to rise again, then you'd be making a grave mistake.

Bitcoin is different, it has an actual utility and is definitely not a pump and dump coin, the price of bitcoin can plunge for the short term, but one thing is certain, and it is that it will rise again, it is a long term coin, thus Bitcoin investors aren't really worried about its short term movement, except of course for get-rich-quick investors.

[Iadegbola34]

It will continue to dump so hard because the project is an obvious scam. Lunc just crashed some few weeks back ripping investors of their hard earned money and amidst the unrest came LUNA 2.0. Who would dare trust the project with their money again? No sane person would.

[robelneo]

It is safer to hold Luna Classic, not Luna 2.0. Because all the shits happened with Luna Classic, now it is time to clear all the shits and move toward future, a brighter future.

With Luna 2.0, all shits have yet been revealed so there might be more in future. I mean personally I see more risk with Luna 2.0 than with Luna Classic.

You can see in the last few days, Luna Classic holds its price too well even whole market is in pain.

Wit what I have observed, both coins are just like the same thing, though I read some people's view on Coinmarketcap when Luna 2.0 was created that people should not use the coin and that they are only waiting for their airdrop and sell the coin (the airdrop). But old Luna which is now Luna classic (Lunc) is having almost the same price volatility similarity with the new Luna. I believe if one becomes dead, the other will become dead too.

They will both die because of the loss of trust from investors because of Do Kwon wrongdoing the market is dipping and both coins are holding on to their lives and Do Kwon will have to deal with the authorities, it looks like it is a time bomb waiting to explode, for those who are still holding think deep if you still want to HOLD these two coins or cut your losses, I think the latter is a much better choice.

[ForMeritt]

I think after such a terrible incident that happened to LUNA in the previous version, it seems that many people will leave LUNA and they will still be very depressed with the state of LUNA in the previous version, I don't really know for sure with this second version of LUNA, and I It sounds like a lot of people are leaving LUNA and moving to other Altcoins.

It seems they are very Disappointed with LUNA, even though this second version of LUNA will break through, it seems that many people will not return to LUNA and they are very unsure of LUNA anymore, even some of them say LUNA coins are SCAM coins, but I don't fully know it.

[tsaroz]

All of this Luna fiasco reminds me of pancakebunny. Guess what? Both projects were from Korean team. Pancakebunny not only pretended to get hacked and scammed investors once, they Didi it four times and I fell for 3. Similar are the situation for Lina and Luna 2. There are a number of Korean reporting about the scam operation and people are still believing in Luna 2.

[Dollar_Hunter]

LUNA 2.0? still believe? haha you are really wasting time on trash projects,
Do Kwon has really become a scammer in my opinion,
 even though he launched LUNA 2.0 but what happened to those who bought at $20? totally bullshit with this project

[Oilacris]

LUNA 2.0? still believe? haha you are really wasting time on trash projects,
Do Kwon has really become a scammer in my opinion,
 even though he launched LUNA 2.0 but what happened to those who bought at $20? totally bullshit with this project

Recently the allegations of Do kwon cashing out billion was a false allegation.
Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False
Source: https://news.bitcoin.com/do-kwon-accused-of-cashing-out-2-7b-before-ust-collapse-terra-founder-says-allegations-are-false/

But this one should be enough on trusting up Luna once again? Just like others been saying that
crash of this one is uninventable considering the trust had been broken already.

[Fire me!]

I Don 't get it. Luna classic was a project about a new way for payments and especially stable coins. It filedruk misserably. Luna 2.0 does not have the core of the project the stable coin. Why invest in failed and soon to be completely dead projects.

[justdimin]

It is not the same thing, you are somewhat making a mistake, you cannot compare the plunge of btc with that of Luna, or any other shitcoin/altcoin for that matter, you must take into cognizance that most altcoins including Luna are pump and dump shitcoins that only pumped in the network due to hype, and quite a lot of them die when the hype is over, they dump and do not rise again, these are the sort of coins you sell the moment you make ROI or immediately they start to crash so you do not lose your money, because if you think of hodling it for it to rise again, then you'd be making a grave mistake.

Unfortunately since they are not too much far apart, there are a ton of people who will compare the two things together. I know that it is wrong, but I have been here for a long time so I am knowing what's wrong is normal, and me knowing that alts (including shits like luna) are not the same as bitcoin and bitcoin will always recover, is normal.

Because, I have seen bitcoin go from 20k to 3k to 68k, I have lived through that, I have seen bitcoin break the ATH and be 20k in 2017, I have seen it reach 3k during 2018, and I have seen it become 68k again in 2021, all of that happened when I was here. People who are hopeless about bitcoin right now, probably didn't live through that period.

[Shasha80]

LUNA 2.0? still believe? haha you are really wasting time on trash projects,
Do Kwon has really become a scammer in my opinion,
 even though he launched LUNA 2.0 but what happened to those who bought at $20? totally bullshit with this project

Actually it is everyone's right to believe in whatever projects they consider potential, but based on the results of my research and analysis,
LUNA is no longer worthy of our trust. I agree with you, who said it's just a waste of time if we still trust LUNA. I already consider LUNA as
a scam project, so it doesn't matter anymore what happens to LUNA 2.0, because I will never be interested investing in LUNA again.
It could be said that it was too risky to trust someone like Do Kwon. After all, there are many other projects that are better and safer for us to buy,
so why do we take the risk by trusting LUNA 2.0. We'd better spend our money investing in BTC and ETH which have proven to be reliable and have
a bright future.

[SEEEP ZEEBOLOGI]

i mean, what did u expect? investor don't even trush luna anymore, people invest in luna 2 because they gambling with they own money and expect they can buy ealy and leave not too late, even korean investor not even trush do kwon anymore.

[ilovealtcoins]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

You are the bravest person I have ever seen, many investors have lost with both versions of Luna and Dokwon himself has locked his twitter. What makes you believe so strongly about Luna, when it's really dead. I hope you know what you are doing, sometimes letting go is not the end, there are many other coins out there you can start from scratch.

[onecall123]

It is not the same thing, you are somewhat making a mistake, you cannot compare the plunge of btc with that of Luna, or any other shitcoin/altcoin for that matter, you must take into cognizance that most altcoins including Luna are pump and dump shitcoins that only pumped in the network due to hype, and quite a lot of them die when the hype is over, they dump and do not rise again, these are the sort of coins you sell the moment you make ROI or immediately they start to crash so you do not lose your money, because if you think of hodling it for it to rise again, then you'd be making a grave mistake.

Unfortunately since they are not too much far apart, there are a ton of people who will compare the two things together. I know that it is wrong, but I have been here for a long time so I am knowing what's wrong is normal, and me knowing that alts (including shits like luna) are not the same as bitcoin and bitcoin will always recover, is normal.

Because, I have seen bitcoin go from 20k to 3k to 68k, I have lived through that, I have seen bitcoin break the ATH and be 20k in 2017, I have seen it reach 3k during 2018, and I have seen it become 68k again in 2021, all of that happened when I was here. People who are hopeless about bitcoin right now, probably didn't live through that period.

Yes, sure. Bitcoin's dominance speaks for itself. Shit projects like Luna will die off. It's dipping more and more. You may still need to be cautious when buying the dip because it'll go lower. The only weapon you have is buying power, not shit projects. While I'm not a fan of his, I can't control their actions and thoughts.

There's no doubt that many people missed Bitcoin at $3k, but this low has largely been missed because fear is still rife. Bitcoin has a much bigger potential than any other asset we've seen so far. As I've seen those cases, I'll be purchasing the red candles.

[Jackl87]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

At the moment we are at 2,46 USD per Luna which really is a very hefty price decline since the relaunch of Luna. I think the recent negative price performance of Luna (or Luna 2.0) has several reasons. First of all obviously the events that happened around Luna a few weeks ago, when UST was not able to hold it's peg and then the panic sell pressure kicked in and completely destroyed UST and therefore also Terra (Luna). This also was the reason for the first big dump of the market a few weeks ago.
Secondly, the whole market is going down at the moment obviously and basically every coin is suffering heavy losses at the moment. Ethereum is at around 1100 USD per coin at the moment which i did not think would happen that soon.

[Miaallen]

The name terra doesn't even sound melodious to anyone in the Cryptocurrency space at the moment most especially in the current market situation. And the fact that they change the chain does not erase the experience we all have of terra 1. Trusting anything terra is not something that can happen anytime soon.

[Cling18]

Luna 2.0 will never resist the bearish season especially now that it has a bad reputation. The previous record of Luna has a huge impact on their new version of the coin so new investors will surely avoid it. Luna is already far from survival and might drop lower in the coming days. Investors have lost their trust in it and it will be hard for the developers to regain their trust.

[Tellek Garing]

Luna 2.0 can no longer get the trust of the market and to say that the network is already comprised so not much will be given to the forked luna is no different from the old one so the price will never be stable unless traders that want to risk the volatility of the market to make some quick profits.

With fhe whole support from various exchanges to the luna team still, the recovery seems to be impossible.

[Hispo]

Added to all the things you all have said here about how LUNA 2.0 was born with a bad reputation that crippled it, we all also need to remember that the previous Terraforminglabs ecosystem was based in a seemingly winning binomium:

Terra (The stable token with high APY)
Luna (The fluctuating crypto that helped to keep the pegged of Terra)

After the implosion the whole ecosystem went through, all that it is left is two nearly useless coins and a new one (Luna 2.0) that serves no purpose which could be considered to be similar to its predecessor. It is a Moon without planet, drifting alone across the infitine universe.

I assume they will try to integrate Luna 2 to their DEFI, but again: the most popular Defi function was one that does not exist anymore. I am afraid, Luna 2 and what it is left of it may not survive this winter.

[Mosharafhh]

Its already dead i think no future in this coin my big mistake was invest on this project at the last moment of the end this project i will never forget this thing in my life also learn a lot anything can happen on this sector so nevwr invest which i cant loose!

[poodle63]

Luna 2.0 will never resist the bearish season especially now that it has a bad reputation. The previous record of Luna has a huge impact on their new version of the coin so new investors will surely avoid it. Luna is already far from survival and might drop lower in the coming days. Investors have lost their trust in it and it will be hard for the developers to regain their trust.

the new luna is basically just a tool for speculation at this moment. no one really holding it for long term investment considering that it already has the really bad reputation and also most of the holders in the past have known that the new luna could be very well suffering the same fate as the classic luna, basically both are just the same thing. I guess most of the veteran luna holders have learnt from the past.

[wheelz1200]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

Lol why in the world would anyone want to touch this coin is beyond me.  It's like people enjoy burning theor money.  Why wouldn't you just put your money into bitcoin than throwing it at this hot garbage and crossing your fingers it works out.  Is greed that big??

[LastKiss]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

A lot of negative news coming from LUNA V2 and there's also a bearish market condition so this year is not for LUNA I think, if LUNA V2 can fix their image to the public and the bearish market is ended then we can see LUNA V2 for another milestone probably to 60-80$ each since not many LUNA releases to the public yet.

[nurilham]

Why should we still focus on LUNA? have we ever thought that old or new Luna might be the same? What's more, maybe this is just a way for old investors to turn their profits around?
But I also wonder why there are still so many people who really like this failed project. Yes, although I also know that the team's struggle to rebuild LUNA is very hard. but do the community and investors really support the development of this project? Or just support for the sake of recovering their losses during a crash?
If we are new enough, I will not take this twice.

[Rasa nanas]

during a bear market there are no coins worth holding, except stable coins. I think LUNA 2.0 is a new altcoin and it is very reasonable if the price of the new altcoin is very volatile or unstable, especially because of the problems that occurred in classic LUNA which also had a big impact on LUNA 2.0.
not only LUNA, because if you buy any altcoin without analysis it's like gambling.  

[SistaFista]

Its already dead i think no future in this coin my big mistake was invest on this project at the last moment of the end this project i will never forget this thing in my life also learn a lot anything can happen on this sector so nevwr invest which i cant loose!

Maybe it is not fully death, LUNA v2 still in the market with the value much worse than before.
Fortunately i was not buying LUNA v2 when it has been newly forked, they can't recover the price even now.
Not mention the old LUNA, what will team do about old LUNA now ?

[fuguebtc]

Luna recovery is unlikely, investors have lost faith in it and how will they continue to trust a coin that has made them lose everything they invested in it.

during a bear market there are no coins worth holding, except stable coins. I think LUNA 2.0 is a new altcoin and it is very reasonable if the price of the new altcoin is very volatile or unstable, especially because of the problems that occurred in classic LUNA which also had a big impact on LUNA 2.0.
not only LUNA, because if you buy any altcoin without analysis it's like gambling.  

Stable coin?, you mean UST. Laugh! . After many events caused by luna and UST and now you still have confidence to hold stable coin.  Tbh nothing is safe in the market, stablecoins may not fall but with stablecoins backed by uncertain assets it still crashes as usual. Even with USDT, despite being the largest stablecoin on the market, shady practices and USD-backed but not transparent could still make USDT the next UST.

[Cornia]

LUNA 2.0 will continue to fall, this is normal. Because on the one hand the total crypto market is falling now. LUNA on the other hand lost faith of investors. Many scam news about Luna may be another reason for that. I think it would have been better to make arrangements for the rise of LUNC instead of creating LUNA 2.0 from LUNC.

[blue_hurricanger]

Luna 2.0 will never resist the bearish season especially now that it has a bad reputation. The previous record of Luna has a huge impact on their new version of the coin so new investors will surely avoid it. Luna is already far from survival and might drop lower in the coming days. Investors have lost their trust in it and it will be hard for the developers to regain their trust.

Luna 2.0 is forever lost. I'm sure Do Kwon and his team will come up with some news to overhype it back and increase Luna 2.0 price. But it will be short term, he and his team lost the trust of the community so its price can up and down but trust never will. This is the biggest thing to govern crypto. You lost it, you're out of the game.

[AmoreJaz]

LUNA 2.0 will continue to fall, this is normal. Because on the one hand the total crypto market is falling now. LUNA on the other hand lost faith of investors. Many scam news about Luna may be another reason for that. I think it would have been better to make arrangements for the rise of LUNC instead of creating LUNA 2.0 from LUNC.

LUNC already has too much supply it's already beyond saving, if anyone want to save LUNC they requires billions and that's not some measly amount.
But the forked version of luna is also useless since there's no buyback from the luna founder because they already ran out of their reserve so basically eitherway luna is beyond any saving.

well, what is happening to them is not a surprise. i don't know if this luna team still believe that people will blindly pour money again to their crappy network. they are seeing it wrong. but anyway, they are not the ones losing from this project. because they already secured theirs from the first one. i don't know how many times they would want to be screwed before they wake up to the reality that luna-related activities are not worth supporting anymore?

[Psynthax]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

This might be one of your grave mistake but then again there is nothing much you can do since luna has quite literally lost 99% of its value.
The team behind luna itself I doubt gonna make any significant move in recovering back luna classic since they already running out of their reserved fund.

[blockman]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

This might be one of your grave mistake but then again there is nothing much you can do since luna has quite literally lost 99% of its value.
The team behind luna itself I doubt gonna make any significant move in recovering back luna classic since they already running out of their reserved fund.

Too sad that many have failed by Luna and expected that it will turn their money back to them. But it's not gonna happen. Everyone who has been robbed by Luna has to move on and they can't expect bigger things anymore and just leave it as is.
They have to accept the fact that they've lost their money and even though they hope a lot for Luna, it's not going to go back to its former because it's already been sold by Do Kwon quietly. See the sneaky move that he has done there and don't blindly look at it.

[udidrone]

I still keep Luna on Binance even though many are pessimistic about LUNA's future but I'm optimistic that the team will immediately take quick action to restore LUNA, the many negative speculations about LUNA certainly don't make us panic by immediately selling LUNA.

This might be one of your grave mistake but then again there is nothing much you can do since luna has quite literally lost 99% of its value.
The team behind luna itself I doubt gonna make any significant move in recovering back luna classic since they already running out of their reserved fund.

I still can't believe there are still people expecting Luna after what happened
The developers of luna released luna classic in hopes of recovering luna after lose more than 90% of the selling value, I don't see it coming to fruition.

The team still continues to drain investors' funds with the developments and hopes and promises given by developer Luna. I don't recommend it to anyone, but I want to say avoid getting involved with Luna if you don't want to lose more money.

[wmaurik]

I think LUNA is not a good investment asset for now.  I don't see any kind of development from Luna 2.0 to address all the problems that have occurred in LUNA Classic.  I mean, I see Luna 2.0 as just a regular coin which doesn't make me have to own it.

Not only for you, because Luna 2.0 is a renewal of the name of LUNA Classic which has had problems so I think big investors and traders in the market will no longer believe in Luna because Luna has been tainted with many declines that cannot be resisted by the developer himself at that time. So it is natural that for now everyone no longer sees LUNA as a good investment asset.

[bussybuddy]

I'm not sure if what they're calling a project renaissance has worked for them, but I do admit that it's my own fault that I've lost faith in them after all these years. An incident took place. But the person who pumped Luna 2.0 will find all kinds of hype about it and pass it on to those who come after. I think its present and future position in this market will gradually fade into oblivion and not many people. I care about it.

[NewRanger]

I think LUNA is not a good investment asset for now.  I don't see any kind of development from Luna 2.0 to address all the problems that have occurred in LUNA Classic.  I mean, I see Luna 2.0 as just a regular coin which doesn't make me have to own it.

Not only for you, because Luna 2.0 is a renewal of the name of LUNA Classic which has had problems so I think big investors and traders in the market will no longer believe in Luna because Luna has been tainted with many declines that cannot be resisted by the developer himself at that time. So it is natural that for now everyone no longer sees LUNA as a good investment asset.

golden moment for luna was gone now, faith and trust from investors no longer seen again.most volume trading market only for speculation or short term only. With no good fundamental from team rellated with project developtment community will affraid to hold for long term. It be shit coin now and not be top project at cmc again.

[CapGelatik]

I think LUNA is not a good investment asset for now.  I don't see any kind of development from Luna 2.0 to address all the problems that have occurred in LUNA Classic.  I mean, I see Luna 2.0 as just a regular coin which doesn't make me have to own it.

Not only for you, because Luna 2.0 is a renewal of the name of LUNA Classic which has had problems so I think big investors and traders in the market will no longer believe in Luna because Luna has been tainted with many declines that cannot be resisted by the developer himself at that time. So it is natural that for now everyone no longer sees LUNA as a good investment asset.

golden moment for luna was gone now, faith and trust from investors no longer seen again.most volume trading market only for speculation or short term only. With no good fundamental from team rellated with project developtment community will affraid to hold for long term. It be shit coin now and not be top project at cmc again.

that's right, LUNA 2.0 or LUNA 1.0 has really become a scam, everyone, traders, investors know that,
I don't know, we shouldn't support projects like this anymore, just let Do Kwon go to jail, many people lost everything at LUNA,
so why should I believe in this shit coin again?

[ice18]

Can't trust this shitcoin anymore buying LUNA is a suicide for now and eventually it will die as soon as investors realized that DoKwon is a scammer remember he withdraws millions of dollars before Luna collapse so he knows that this will happen only investors have suffered so better stay away from this one.

[robattfield]

Maybe it's a given with this coin. I wonder what the people buying it are expecting? The price will not be able to recover to the way it was before investors' confidence in it was gone, only the market manipulators will try to hold on to it to make short-term profits by exaggerating it. for those who come later. I really feel shady as it's been unusually bullish when it's re-listed, and now things are slowly getting on the right track and it will continue to sell off over time.

[Frengki_cisco]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

Luna 2.0 is trading at around $2.22 today, Bitcoin is down 1.25/24 hours%, traded at $20,400, if you look at it from the start Luna is trading in the $19 crypto market, I'm sure if Bitcoin drops around $15,000, Luna 2.0 will stand at the level .$0.9/Luna.

The observation that I have read that Luna 2.0 is no longer trusted by investors, inevitably their own team entered as investors to restore Luna back.

[Pelana vreo]

I only have LUNA 1.0 at stake, but the Luna 2.0 Airdrop seems to have had an impact on Luna's recent price drop.
The loss of investor confidence can also lower the price of Luna, so far Luna has had good utility, but due to the mistake of De-pegging and CEO Luna who was too confident in UST which is not guaranteed by Fiat or gold, the price of LunaC and Luna will continue to decline, because investors don't want to make a mistake a second time.

[saxydev]

lol waiting for luna 3.0 for another free giveaway to dump some coins for free xoxo

[Wong Gendheng]

I Invest Luna about a month ago and hopes that there is a surprise like before, but the market conditions that are still red make any coins continue to Red and this happens almost all the assets that I hold, if you see the Luna team update I am still optimistic that Luna Will Great Again.

[|MINER|]

It has been said before that people will not rely on Luna 2.0  after the incident of Luna Classic . And gradually it lost from the market.  So these are the people who are thinking of investing, they are just losing their time and fund also .

[Balmain]

After the Luna fork happened, I stopped following the events. After seeing this topic, I was curious and looked again and now it has decreased to the level of 2 dollars. The price he opened at $19 is now $2, and those who trust the lunar are once again let down. Right now bitcoin has hit its lowest price in recent times and I think it was the reset of Luna that triggered it.

[LastKiss]

After the Luna fork happened, I stopped following the events. After seeing this topic, I was curious and looked again and now it has decreased to the level of 2 dollars. The price he opened at $19 is now $2, and those who trust the lunar are once again let down. Right now bitcoin has hit its lowest price in recent times and I think it was the reset of Luna that triggered it.

Yeah a lot of negative news coming from many sources, since the crypto market is down too so don't hope so much for the new LUNA (LUNA V2). Just let it be, wait for another year and see what happen to LUNA 2  . Personally, I'm just interested in this case and how they regain the trust of their users like the old ETC case.   

[Retainly_Collie]

Not only is it labeled with negative incidents, but it is also affected by the entire market. I don't think there's much of a reason to buy and hold them waiting for the next pump, and one is that I'm also skeptical of what they'll do with them in the future. The price will fall even further because the confidence of investors is no longer lost. A new coin will not solve the problem as they still have a lot of problems since the crash.

[smartaction]

Can't trust this shitcoin anymore buying LUNA is a suicide for now and eventually it will die as soon as investors realized that DoKwon is a scammer remember he withdraws millions of dollars before Luna collapse so he knows that this will happen only investors have suffered so better stay away from this one.

Trust in Luna and bitcoin price shows $1. it seems same   Those who bought and hold the old Luna at $60-$100 got 1 Luna 2.0 instead of that old Luna. Luna 2.0 first rose to $19 at listing time.  Everyone was a little optimistic then, but since it has come down to $2 again. Everyone has given up hope of Luna now. it is very hard for luna to on previous position

[Coin BTC]

[


This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

I think LUNA is not a good investment asset for now.  I don't see any kind of development from Luna 2.0 to address all the problems that have occurred in LUNA Classic.  I mean, I see Luna 2.0 as just a regular coin which doesn't make me have to own it.

I also think the same as you that LUNA is not a good investment place even it is not considered a safe and useful investment, many people are depressed about LUNA coins due to the failure of LUNA in the previous version, and with problems in this second version of LUNA I I don't think there is any significant development which is good and I see the graphics are not very interesting either.

I also don't know about whether the LUNA team will be very confident with the presence of this second version that people will pour their money into this LUNA, and it seems from my observations that investors will not do it again.

[Piesel]

At the current conditions of the cryptocurrency market, no coin is standing, even Bitcoin which is the giant in the crypto market has dropped drastically and has been forced to drop to 19k+ which is a big drop and luna coin has more vonurabilty.

[Hypnosis00]

At the current conditions of the cryptocurrency market, no coin is standing, even Bitcoin which is the giant in the crypto market has dropped drastically and has been forced to drop to 19k+ which is a big drop and luna coin has more vonurabilty.

What happens to Bitcoin is a different story, unlike Luna which is a very questionable issue (if have read it). We can't blame the losing value of Luna with Bitcoin unless this project is really worth enough, however, it doesn't and it fall because for other reason, not due to market crash.
Luna will face terrible losses as investors give no hope to them. Although they are turning back carrying some good news, unfortunately, this never gives a chance and investors are leaving and dumping their Luna making it to drop even more.

[inanilujimi]

What else to expect in luna 2.0 ?
Everything is clear that the accident was planned systematically and of course we are just waiting for the next fall again for luna 2.0 which was basically founded by the same person.

[Semar Mesem]

I'm sure LUNA will explode immediately when the market looks rising, they have a large stock of bitcoin so they can be used to pump LUNA, buy it now even with a small value so we have a chance to become millionaires in a short time. I've invested LUNA with a small value of about $ 160.

[Iyeman]

I Invest Luna about a month ago and hopes that there is a surprise like before, but the market conditions that are still red make any coins continue to Red and this happens almost all the assets that I hold, if you see the Luna team update I am still optimistic that Luna Will Great Again.

There is always a chance for luna to get back up again, but you should realize that having such disaster for luna could also means that a lot holders becoming hesitant in investing in the new luna
This as a result could make the value of luna hardly ever gonna surpass its valuation before the disaster and it definitely gonna hardly hits higher value than its ATH at first time it got listed in an exchange,
so just anticipate the worst case scenario for the new luna.

[Juwel580]

There is no way Luna can come back.  Luna's owner has destroyed Luna.  Not just Luna but the whole Terra Networks has collapsed.  No one believes in Luna anymore.  Because if Luna 2.0 comes then no one will invest in it by mistake.  Because many people have lost a lot of money in Luna.  And the crypto market, including the whole Terra Networks, has collapsed for this Luna.

[Samurai trieng]

I think for now LUNA no longer has a place in the hearts of crypto users because they are already disappointed and lost a lot of money because of LUNA, even though the development team has just released LUNA version 2.0 but this will not restore user confidence for  invest with them

[Oasisman]

I'm sure LUNA will explode immediately when the market looks rising, they have a large stock of bitcoin so they can be used to pump LUNA, buy it now even with a small value so we have a chance to become millionaires in a short time. I've invested LUNA with a small value of about $ 160.

Stop that delusion, Luna is not gonna recover from where it was priced before. That $160 could've been a good addition to your Btc especially during this bear market.
Reinvesting in Luna today is a huge gamble, knowing that this has been a huge failure due to the founder's greed.
I guess once is enough, twice would be foolish. They're trying to revive Luna back, but look at how Luna 2.0 started and the 2nd day was a disaster automatically lol.

[Tony116]

I'm sure LUNA will explode immediately when the market looks rising, they have a large stock of bitcoin so they can be used to pump LUNA, buy it now even with a small value so we have a chance to become millionaires in a short time. I've invested LUNA with a small value of about $ 160.

Your $160 (Your Luna), how much are they worth now?

I remember they announced to sell all collateral including bitcoin shortly after to save UST and then they failed.

DoKwon and his team have already sold out the remaining Luna and they have no reason to hold them till now so even if the market recovers they won't be stupid enough to spend money to pump Luna again. It's over man, forget it.

[Rupok]

Many investors still have confidence in Luna.They know that Luna is already known as the currency of the scandal.So they think that to get rid of this Luna scandal they will return the value of Luna to its previous position.Many people want to use this opportunity to earn more profit.But I think it's nothing but nonsense.With bitcoin prices falling or the whole market is now in bear season, Luna2.0 is a trap and a major setback for investors.What happened to Lunar is really disappointing.  Now reinvesting in Luna in this situation is a huge gamble today, so I don’t think anyone will be trusted.

[RussianEnglishTranslation]

Many investors still have confidence in Luna.They know that Luna is already known as the currency of the scandal.So they think that to get rid of this Luna scandal they will return the value of Luna to its previous position.Many people want to use this opportunity to earn more profit.But I think it's nothing but nonsense.With bitcoin prices falling or the whole market is now in bear season, Luna2.0 is a trap and a major setback for investors.What happened to Lunar is really disappointing.  Now reinvesting in Luna in this situation is a huge gamble today, so I don’t think anyone will be trusted.

Yes, agree. Investing in Luna 1 or 2 is a huge risk. I don't think either will survive because Do Kwon has been outed as a scammer. He was cashing out a month before the collapse and used the reserves that were supposed to backstop the peg to bail out his friends. Designing an L1 to host a stablecoin is a bad idea because when the paid fails, so will the chain. A better solution is what Candle Chain is doing because it is designed to host metaverses and that is going to be a huge industry going forward.

[Republikcoin.com]

I think for now LUNA no longer has a place in the hearts of crypto users because they are already disappointed and lost a lot of money because of LUNA, even though the development team has just released LUNA version 2.0 but this will not restore user confidence for  invest with them

That is a very common thing, I think because with only one bad thing that happened to Luna, it can erase all the potential that has happened to Luna in the past so that Luna will be shunned and no longer used as a valuable asset to be targeted by many people, as well as others because restoring everyone's trust is a very difficult thing for anyone.

[Teraboy]

luna even if there is the new version of luna, is already considered a thing of the past, luna isn't a great brand anymore instead, anyone hearing it always associate it with massive crash that causes so many to lose their majority of investment.
So it's obvious that the new luna isn't gonna become as great as the former luna in the past, because most of the people out there are already anticipating from losing their investment for the second time.