Luna 2.0 keeps falling

[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.

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[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.