Luna 2.0 keeps falling

[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.

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[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.