Luna Classic - Thoughts?

[bussybuddy]

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 already consider it a gamble, then there is no need to pay much attention to it. Let time answer that vague question for you. Obviously, many people are still very optimistic about its recovery in the future. It is okay if they accept the risk and it is a mistake of their own making. For me, it was more than enough to see what happened, and there was no need to waste time on it, as in this space I also find a lot of other more attractive coins to place with small sums. While it's not my preferred approach in this market, considering it as an entertaining game doesn't compare investment concepts.

[JamesDaniel90]

I see people on youtube thinking it will reach £1 again one day but they are in dream land.

£0.005 would give me £15k return from £150 investment and that to me is worth a gamble.

It will be interesting to come back on here in the next 6-12 months to see where Luna Classic is at.

[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.

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.

This project is very close to an ending story. That Luna issue is one major event that happened this year and it somewhat affect the potential value of the market as it was ruined once again. But I guess those who invest in this project already accept the reality of being betrayed by someone they trust and there is no chance to get their money from them. Move on - that is gonna be in their mind.

[0verseer]

I see people on youtube thinking it will reach £1 again one day but they are in dream land.

£0.005 would give me £15k return from £150 investment and that to me is worth a gamble.

It will be interesting to come back on here in the next 6-12 months to see where Luna Classic is at.

Nope, you won't see it come any close to that. This comes from someone who invested in LUNC back when it was at $0.000001 and sold when it hit 0.00003. I got back 30x from the tiny amount of my investment, $30. I treating it like a gamble just like you. I could have sold it when it was around 0.00005-0.00006 and made even more gains but like you, I thought it could hit 0.0001-0.0002. Well, the rest is history, miss the LUNC ATH. I panicked and have to settle when it come down to 0.00003.
If you keep chasing an unrealistic number, at 0.005 ($ and £ are the same now, ha!), you missing a real chance to sell when it was near ATH. Same for most people keep on BTC when it was at ATH, $65k because they thought it could go higher, $100k.

[btc_angela]

I guess the gamble will not pay off, until now the prices is nowhere near what it is expected to be and I doubt that it will even recover even if we are in the bull market. I mean the damage is really deep that it's hard for the project to just bounce back and forget what just happen. Maybe people lost a lot of money in this, putting a lot of trust but unfortunately, mismanagement and other factors contributed to the downfall which can be avoidable if just the people behind anticipated it. Sadly they don't so how you are going to trust them again? even investing $1 is not worth in my opinion.

[justdimin]

I guess the gamble will not pay off, until now the prices is nowhere near what it is expected to be and I doubt that it will even recover even if we are in the bull market. I mean the damage is really deep that it's hard for the project to just bounce back and forget what just happen. Maybe people lost a lot of money in this, putting a lot of trust but unfortunately, mismanagement and other factors contributed to the downfall which can be avoidable if just the people behind anticipated it. Sadly they don't so how you are going to trust them again? even investing $1 is not worth in my opinion.

It will of course not pay off. I mean people who think that there is even a small chance that it would pay off will be wrong. I personally believe that we shouldn't be doing anything that works nice enough. What we need to do however is to make sure that people know what they are doing and that’s how they would be making a profit, outside of Luna.

This doesn't mean that Luna is impossible to profit from, of course it could profit, but that potential is very slim, and why risk that much for such a little gain? I think investing into something like BNB and waiting for it to finally peak to 1k dollar would be a lot better, why not prefer something like that?

[virasisog]

With all the things that happened to Luna, I already had lots of disappointments. I don't see hopes in investing in it anymore. I believe that it will be a big risk to trust it so I guess it isn't worth buying anymore. It's better to risk our funds on coins that have a bigger future ahead. Coins that are being handled and managed well so we'll never have regrets in the end just like what happened to those who bought Luna before.

[Vvang]

I would risk some money if another crash takes place, probably if Bitcoin goes down to 10,000$ like many are hoping for? The chances of seeing this happen is very low because it thus look like we've hit the bottom already, LUNC isn't the project you should be buying in this present dip.

[Doell]

I see people on youtube thinking it will reach £1 again one day but they are in dream land.

£0.005 would give me £15k return from £150 investment and that to me is worth a gamble.

It will be interesting to come back on here in the next 6-12 months to see where Luna Classic is at.

I understand what your goal to invest in Luna Classic because tempted by youtube artist's predicting this coin up to 1 Pounds, so hit a price of £0.005 would give you £15k return well yes worth for you, but it will probably take 2 or 3 years . A lot investors has stay away from this coin, their think previous crash is to repeat itself with huge possibility, wish you luck.

[BIT-BENDER]

Many people are looking to reach quarter of what they invested in so they can get out of Luna and any thing close to it and there we have people entering and tagging it as a gamble or taking chances really that’s not wise Investment and that’s not how Crypto-currency investment should be done, yes there is a very popular rules of using capital one can endure if loss to invest with, but the rules didn’t say you should be unprofessional with it, as it stands Luna shouldn’t be a go area for anyone.

[Xal0lex]

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

Probably the biggest fantasy of the current generation of crypto investors is that by investing in Luna Classic, their investment can bring them big profits. Already repeatedly I see these conversations of traders and investors about how they buy several million coins in anticipation of a big miracle. Luna Classic at £1? Why would it suddenly rise to these values after the deafening failure and launch of a new version of this coin? Just because the price is small and it is a known coin in the past? As a gamble it is worth considering investing in this coin, as an investment there is very little intelligible argument to speculate on the future big growth of this scam.

[serjent05]

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

Probably the biggest fantasy of the current generation of crypto investors is that by investing in Luna Classic, their investment can bring them big profits. Already repeatedly I see these conversations of traders and investors about how they buy several million coins in anticipation of a big miracle. Luna Classic at £1?

Speculation at its best.  That is what those traders are doing.  I don't think Luna Classic will ever recover, and its daily volume continues to go down as days pass.

Why would it suddenly rise to these values after the deafening failure and launch of a new version of this coin? Just because the price is small and it is a known coin in the past? As a gamble it is worth considering investing in this coin, as an investment there is very little intelligible argument to speculate on the future big growth of this scam.

I also thought the same when Luna Classic crashed but the introduction of the new Luna woke me up from that thinking.  The Luna Classic had been abandoned so the possibility of it going back to $1 is nearly impossible.

[nakamura12]

It is indeed a gamble you did there but I think it won't increase to it's previous price before the crash. My guess is that luna price would only pump and dump with it's price only a bit higher than the current price. We don't know the decision of the team behind luna if they are working to upgrade the code or abandon luna. The price won't increase a lot for a short time and you need to wait longer before it will increase to the price where you can a earn a profit.

[shushu9977]

I invest in Luna Classic coin before crash and also after crash. I lost my money. But I believe that Luna Classic's team and plan are really good and they are tried to come back again. So, anyone invest it as a hundred dollars of your balance. This coin may give a huge profit as I think that's why I invest it.

[fuguebtc]

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.

If I only have 2 choices, one is to invest in lunac, the other is to invest in meme like shiba. I would also choose shiba over lunac. I don't know what the people who are investing in lunac are thinking, are they waiting for a miracle?, A gamble where you are not sure what percentage of your winnings will be, it is best not to invest in that gamble.

Shiba, it's just a meme but it's not as bad as Luna, a top coin that collapsed in just a few short days, it's worse than the meme.

[erep]

If I only have 2 choices, one is to invest in lunac, the other is to invest in meme like shiba. I would also choose shiba over lunac. I don't know what the people who are investing in lunac are thinking, are they waiting for a miracle?, A gamble where you are not sure what percentage of your winnings will be, it is best not to invest in that gamble.

Shiba, it's just a meme but it's not as bad as Luna, a top coin that collapsed in just a few short days, it's worse than the meme.

I'm on your side I even have $200 invested in shiba coins although people say it's just meme coins but meme coins are better than LUNA/LUNC coins, many traders avoid investing in high risk coins because LUNC coins don't have platform development team and only the community that developed the news about LUNC to highlight the hashtag #luncburn on twitter to support the recovery in LUNC prices. It's actually just a wasted effort because investors don't care about LUNC coins.

[yazher]

Seriously? they are making money out of the people like you because they will more likely pump and dump that coin after they see some huge move from buyers and they will gonna dump it at once. Too good opportunity for the risk takers but these people know exactly what they will gonna do once they see some sign with the price movement and they might win or lose in their investment but they already know it. As for normal investors who think this coin will gonna have a bull run one day, it's a total delusion because this is not the right coin to have that feature.

[Ziskinberg]

No matter what they do, they had already been tainted with red, and investors never look like they are worthy to invest, not anymore.
In fact, the majority had also thought that this project has already been abandoned by the developers.

Well, I guess it was enough to think about the future of Luna Classic and move on, it likely doesn't have any. We don't have to assume this project will rise as investors are gone already.

[wxa7115]

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.

If I only have 2 choices, one is to invest in lunac, the other is to invest in meme like shiba. I would also choose shiba over lunac. I don't know what the people who are investing in lunac are thinking, are they waiting for a miracle?, A gamble where you are not sure what percentage of your winnings will be, it is best not to invest in that gamble.

Shiba, it's just a meme but it's not as bad as Luna, a top coin that collapsed in just a few short days, it's worse than the meme.

You are not wrong, personally I have never been a fan of meme coins and I think they are incredibly risky since their movements depend almost exclusively on hype alone, but at the same time at least we know that sooner or later that hype will manifest itself, so it is possible to obtain some profits with them for a good trader.

However the case of Luna is completely different, the coin collapsed in less than a week and it was necessary to issue a new coin, this does not bring any confidence to traders and as such it is unlikely the coin will recover even 1% of its former glory.

[Questat]

However the case of Luna is completely different, the coin collapsed in less than a week and it was necessary to issue a new coin, this does not bring any confidence to traders and as such it is unlikely the coin will recover even 1% of its former glory.

If they are true to this project, they don't need to create another one. But what they did it is just trying to divert the mind of the investors, however, they fail to do it knowing that people now have been known this kind of dirty tactics, this is an exit scam, and trying to scam again. No, that was enough, they were supposed to return the money of the investors if they are really committed to running this project and gaining trust again.