Luna 2.0 keeps falling

[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.

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[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.