Luna 2.0 keeps falling

[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.