Luna Classic - Thoughts?

[Oasisman]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

Why an earth would you do that? Are you looking for community takeover and if so what would they develope on that so it would be worth it? I feel it will be pump and dump at some point for pseudonymous developers who have bought the bottom.

Like I said , it is a gamble. It will either go to nothing or I will see great returns.

That's not a good gamble though, especially for Luna classic and you will never see great returns.
I think 1 pound is equivalent to a dollar now, right? Well, in order for Luna to achieve that price it needs to have a market cap for like 5x more than Bitcoin. 1 Trillion market cap alone is impossible.
Luna's supply is overwhelming. So, there's no way it will recover. Therefore, it's not a good gamble.

[wxa7115]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

As long as you understand that Luna is an incredibly risky project in which to invest and you are ready to lose that money then what you are doing is acceptable.

However I think it is going to be almost impossible for Luna to reach that price of one dollar and even a penny is something I think it is impossible, and the reason is simple, people have lost any kind of trust in Luna and its developers, and without trust there is no coin that can get far as at the first sign of problems everyone will begin to sell their coins at incredibly discounted prices.

[CuriousGeorge]

It's definitely over for luna classic , at the time of new luna was created from the fork, luna classic quite literally is being cast aside and left to die.
I'd say there's small chance of recovery, after all luna classic has now become full of manipulation, there's definitely no one sane out there gonna be accumulating luna, less likely the big investment firm.
even the new luna hardly increase in value

[JamesDaniel90]

Interesting to see that 90% of us think Luna is dead coin.

I understand the chances of this being correct are high but I thought it was worth a gamble while the prices are this low. It is not like I have a portfolio full of meme coins.

Forget it reaching £1, it won’t. I would likely sell if it was to reach around £0.005 which is possible one day.

[Natalim]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

You are likely into gambling and your chance is very slim to win - you can never expect from them anymore. But if just a small amount for you, well, it doesn't matter.

The only problem now is that many people are still hopeful with this project knowing the fact that it is already been closing down. Luna has been almost out in the market and sooner or later it will finally dissolve because of the lack of market support.

[Rufsilf]

The only thing I could say to you OP is good luck.

Actually, we have a different market view about Luna and much more I can't appreciate their performance this time. They've got their project known in the past days but somewhat terrible things happen and cause this mess. Can't be certain if the team will help build their reputation because for a large number of investors, Luna has been out of their list already - they are selling their coins already.

[AmoreJaz]

The only thing I could say to you OP is good luck.

Actually, we have a different market view about Luna and much more I can't appreciate their performance this time. They've got their project known in the past days but somewhat terrible things happen and cause this mess. Can't be certain if the team will help build their reputation because for a large number of investors, Luna has been out of their list already - they are selling their coins already.

tbh, i don't think this new version will last long. so for the OP, think how to get out while you are still in positive. but it is his funds, so whatever he decides is your own. but i don't think this luna team has long-term goals. it is more on saving face for the moment. and once people forgot this mess, they will slowly disappear. hope im wrong.

[shinratensei_]

Im feeling skeptic if this coin can go back again even to the pennies price like 1 cent or 10 cents. The supply was too big and it's pretty much the same like the meme token right now. making it become 1 or 10 cents meant if that will have very big marketcap that is not even worth with the company itself. The valuation was over priced right now.
There was also a new token. Don't you expect the new luna was not increasing too? why are you only focusing to invest in the lunc rather than luna v2?
It's clearly stated that if this time the dev of terra was focusing with the luna v2 not v1.

[GreatArkansas]

Pure gambling. Buying these kinds of shitcoins is gambling for me.
After what happened to Terra Luna, it is now difficult to gain the trust of people again. Never again.
Even me, even how much these shitcoins will pump, I will never fall for it.
Just be careful. You can try with a small amount that you can afford to lose.

[antsam]

I'm really not sure it will reach $1 as the amount has increased drastically since the luna network crash. Moreover, the increase is already quite high from the lowest price. If you feel profitable, it's better to just sell it

[posi]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

Why an earth would you do that? Are you looking for community takeover and if so what would they develope on that so it would be worth it? I feel it will be pump and dump at some point for pseudonymous developers who have bought the bottom.

Like I said , it is a gamble. It will either go to nothing or I will see great returns.

That's not a good gamble though, especially for Luna classic and you will never see great returns.
I think 1 pound is equivalent to a dollar now, right? Well, in order for Luna to achieve that price it needs to have a market cap for like 5x more than Bitcoin. 1 Trillion market cap alone is impossible.
Luna's supply is overwhelming. So, there's no way it will recover. Therefore, it's not a good gamble.

He calls it a gamble and he knows what he's doing and it's his decision. I also predict that Luna is dead and she won't have a chance to recover even a little, a coin has no chance to grow when it has deceived its own investors.
Dokwon was too greedy and killed Luna, actually it was a very good project and it is a thing of the past. Supply is part of the reason, the main reason is investors' loss of confidence.

[Fundamentals Of]

Luna classic is nothing but a classic piece of shitcoin. If one will look at Luna's price history and compare it to its price currently, one might think that it is indeed a good coin to buy because it might recover one day. But I am not seeing any kind of recovery from Luna. It will continue to fall and even if there are still people who want to take the risk like you, the majority of big investors who are not as naive and as innocent as others are already leaving the project as if it's already dead.

[South Park]

Interesting to see that 90% of us think Luna is dead coin.

I understand the chances of this being correct are high but I thought it was worth a gamble while the prices are this low. It is not like I have a portfolio full of meme coins.

Forget it reaching £1, it won’t. I would likely sell if it was to reach around £0.005 which is possible one day.

I do not blame you for what you did since I also thought about investing in the coin while the collapse was ongoing and I could have made some money with it, but when I thought about all the troubles such a thing would have brought me and the peace of mind I would have lost I immediately rejected the idea and decided against investing in that coin, so I think you can still make some money with your investment but it is not going to be as much as you think.

[rahmad2nd]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

I will not judge anyone who invests in Luna, every investment is in your hands I think you already know the risks. the luna project has ended after a bad incident occurred, a deliberate accident IMO. investors have left the luna coin like trash this is the market sentiment, we have discussed it in many threads there is nothing more to expect from the luna project let alone to reach its high point it is almost impossible.

[ethereumhunter]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

If you can accept that amount of money if you lose, then you can continue to hold Luna Classic. But if it's an amount of money that you expect to make a profit later on and don't think about the risks, then you could be at a loss because no one knows what will happen with Luna Classic.

The Luna Classic project has two choices which are the project can recover and can increase again or the project will never be able to recover, considering what has been experienced by previous investors. So this is a gamble for investors who are still hoping for Luna Classic to improve and don't know what will happen next.

[JamesDaniel90]

It is money I can afford to lose long term.

Even if it only reaches 0.0005 one day that will be a 10x for me which I could bank and put into a more solid crypto.

I am not expecting big profits in the near future, am prepared to hold this for the next 18-24 months to see what happens.

[zasad@]

Hi all,

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Would be interesting to hear what everyone's thoughts are on this.

Do we think it is over or is there a possibility of recovery?

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

Many projects are running from this ecosystem to other blockchains. It is very difficult to restore the trust of users. But if the manipulator wants to pump and dump, he will buy back most of the coins, and then repeat the pump on the good news and sell the hamsters a lot of coins for a big profit. If you believe in it, then you can keep the coins.

[Fundamentals Of]

It is money I can afford to lose long term.

Even if it only reaches 0.0005 one day that will be a 10x for me which I could bank and put into a more solid crypto.

I am not expecting big profits in the near future, am prepared to hold this for the next 18-24 months to see what happens.

Good for you. It is a relatively small amount anyway. It is indeed worth taking the risk if you are optimistic enough that Luna Classic would still recover even up to 0.0005 per coin. That would already be a good investment if that happens. A 10x return after only 18-24 months is good enough.

But this isn't my kind of thing. If I had an extra £150, I would have bought Bitcoin. Or if I wanted some altcoins I would have chosen ETH or some of the oldest and most trusted ones in the market.

[LogitechMouse]

I have invested £150 into Luna Classic since their crash which is a gamble I know but is a gamble I am happy taking.

Well, you said that you gambled on it and you are still ok and happy if you lost on your gamble so I have nothing to say but LUNC is a shitcoin for me .

Do we think it is over or is there a possibility of recovery?

We have our own opinion when it comes to a recovery of a certain coin but in the case of LUNC, I don't see any recovery of it or if there is, it might recover if we are in a bull market but aside from that I don't think a recovery will happen and knowing what happened to the project in the past, investors are reluctant to invest into the project because it might happen again.

Some people are saying £1 is possible but I have 3 million so even reaching a penny would be great for me.

There is this imagination of an investor where if it reaches a certain price and they are holding a huge amount then it will be a huge profit for them. At it's current price and it's current supply, do you think that it will really reach a penny? Well, anything can happen with crypto and this might happen but the chances of it are low to near to zero and I'm not expecting it to happen as well.

[Wincob]

I'd rather invest in a meme coin like shiba inu if those zeros are good to the eye for me than investing money on LUNC, Shiba community is stronger and people have faith in the project more than LUNC where every trust was shattered, it will be pretty tough for people to keep trusting LUNC.