Luna Classic - Thoughts?

[TomArayaSlaya]

If its still 150 I will suggest you sell that classic and move to a better coin or project Research and find good project out there Terra is a serious mess right now and I really doubt the new luna is going to solve anything about the mess they created

[wxa7115]

The coin didn't pump and dumped yet so asking if there's a chance for it to recover seems not right. You better say if this coin has a potential to pump really high or not, as that sounds better. Not that im supporting this coin but id say that there is always a chance as long as the coin is still alive and breathing ( still listed on an exchange).

Luna was a huge loss - many people face extreme loss and committed suicide too
Two of my friends went bankrupt after the LUNA down fall.
It better to think before making investment - don't lose your money.

People need to understand how bad the collapse of luna was, I remember I went to check their subreddit and no one could post in it anymore due to how negative the stories were and how this could incite people to take some drastic actions like suicide.

I do not know if such restriction was ever lifted but this should show us how bad the crash of luna really was, a great deal of people saw their lives ruined and as such out of principle I think people should stay away from it.

[shinratensei_]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.
still luna classic has been left by most of the big venture capital and investment fund, basically it gonna hardly have big flow of investment in the future, so just don't really think that luna classic could ever recover back to its former glory.

[Shasha80]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.
still luna classic has been left by most of the big venture capital and investment fund, basically it gonna hardly have big flow of investment in the future, so just don't really think that luna classic could ever recover back to its former glory.

Luna Classic has lost the trust of many investors, so it is very difficult for Luna Classic to recover and become one of the top altcoins again.
Even Luna Classic for me is a very high risk coin option, maybe in the near future I will not invest in Luna Classic. What happened to LUNA
before was really bad, we can imagine LUNA, which is a top coin, could experience a very severe crash. And there are so many investors who
have become victims and until now have experienced deep trauma. How such an incident could be forgotten so easily. So Luna Classic will
still be considered shitcoins which is not recommended to buy, it may take a long time for Luna Classic to regain investors trust.

[blockman]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.

It's almost unlikely to recover. Actually, you've categorized it well and it's close to what a memecoin today is. It will be forever remembered that this coin has been part of a huge debacle.

still luna classic has been left by most of the big venture capital and investment fund, basically it gonna hardly have big flow of investment in the future, so just don't really think that luna classic could ever recover back to its former glory.

Yeah, I doubt it too. Maybe someday the whales would like to play on this side like a day of pump and then they'll leave it again until the sad part of people will catch the falling knives.

[ultrloa]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.
still luna classic has been left by most of the big venture capital and investment fund, basically it gonna hardly have big flow of investment in the future, so just don't really think that luna classic could ever recover back to its former glory.

Luna Classic has lost the trust of many investors, so it is very difficult for Luna Classic to recover and become one of the top altcoins again.
Even Luna Classic for me is a very high risk coin option, maybe in the near future I will not invest in Luna Classic. What happened to LUNA
before was really bad, we can imagine LUNA, which is a top coin, could experience a very severe crash. And there are so many investors who
have become victims and until now have experienced deep trauma. How such an incident could be forgotten so easily. So Luna Classic will
still be considered shitcoins which is not recommended to buy, it may take a long time for Luna Classic to regain investors trust.

Many investors are already done with Luna because the incident happen which cost huge financial lost to huge number of their holders makes them not a good coin to choose for. So I guess many call it a shitcoin right now and anyone call it a good coin is just hyping that coin.

[dlightag]

Luna Classic really loose trust as the Luna coin clash to bottom, but never still, i believe the team are working toward the it for a better performance in the near future, which it can take time for LUNA Coin to recovered. Therefore buying Luna Classic Coin, base on the current market dip, is not a bad idea, but is a part of investment in future.   

[AmoreJaz]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.

It's almost unlikely to recover. Actually, you've categorized it well and it's close to what a memecoin today is. It will be forever remembered that this coin has been part of a huge debacle.

still luna classic has been left by most of the big venture capital and investment fund, basically it gonna hardly have big flow of investment in the future, so just don't really think that luna classic could ever recover back to its former glory.

Yeah, I doubt it too. Maybe someday the whales would like to play on this side like a day of pump and then they'll leave it again until the sad part of people will catch the falling knives.

i don't think this platform will recover and will offer much better value to its holders. as i said before, the luna team is just saving face after their failure. but for sure, they already saved some of their funds to their pockets. i don't believe that they did not benefit from the luna catastrophe. if i may suggest, better invest in a more tangible projects where you can really see the importance in the market. i actually don't see the importance of this luna classic in this market.

[blockman]

I'm guessing luna classic could hardly ever recover back again, I guess it could have sudden bullish just like meme coin since honestly luna classic could be categorized as one at this moment.

It's almost unlikely to recover. Actually, you've categorized it well and it's close to what a memecoin today is. It will be forever remembered that this coin has been part of a huge debacle.

i don't think this platform will recover and will offer much better value to its holders. as i said before, the luna team is just saving face after their failure. but for sure, they already saved some of their funds to their pockets. i don't believe that they did not benefit from the luna catastrophe. if i may suggest, better invest in a more tangible projects where you can really see the importance in the market. i actually don't see the importance of this luna classic in this market.

They've resorted to some solutions but that's not enough and didn't do better. AFAIK, the team is about to face charges and they'll be put in jail time soon.
There's no doubt that they've got a lot of money from what they've done to this project and that's why they become low-key these days because just want to let everything pass in the meanwhile. Too sad that many have been hoping for this project to get back on track but the value will speak for itself.

[bitkanu]

there is definitely always a chance of small increase in terms of valuation if you could wait though you shouldn't be wishful towards this coin for the simple fact that it is already being abandoned by the team behind it that is the luna foundation and also there is a successor for this coin, so I don't see any reason someone out there gonna be investing in this coin over the new luna. there's bad reputation that accompanies this luna classic that could also become a hurdle for this coin to increase its valuation.
regardless though as like other meme coins out there, sudden value increase definitely could still occur

[og kush420]

there is definitely always a chance of small increase in terms of valuation if you could wait though you shouldn't be wishful towards this coin for the simple fact that it is already being abandoned by the team behind it that is the luna foundation and also there is a successor for this coin, so I don't see any reason someone out there gonna be investing in this coin over the new luna. there's bad reputation that accompanies this luna classic that could also become a hurdle for this coin to increase its valuation.
regardless though as like other meme coins out there, sudden value increase definitely could still occur

Luna was a disaster, but having said that. Bad time can comes univeted - it can come right to your house and to you. And you can get robbed.
The only thing I have learnt is we cannot control our destiny and it is is controlled by the supreme power. Whatever happens is already written and we have to face it.

[Miaallen]

Everyone holding LUNA classic right now are just being optimistic and it doesn't appear their optimism will end up positive. Do Kwon and his class of validators have abandoned the classic with the belief that nothing can be done to revive LUNA classic. And everyone talking of burning as a mechanism to revive it aren't just realistic. How long will it take to reduce the TS to 1 trillion with just 1.2% burn tax and no specific utility for the coin (LUNC)?

Except more projects come back on Terra classic chain, I see no real noticeable to be brought by just 1.2% burning and investment on it remains as you call it. It is just a gamble.

[iv4n]

“Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, shame on both of us.”

I think this quote by Stephen King says it all about Luna...

[saint_casanova]

The coins are dead, both Luna classic and Luna new. A tiny amount of 24h trading volume with no news about development. Your investment is small and you may think it's okay for losing all of it. Well, it's really up to you but my advice is don't keep holding it even when you see 2x profit.

[eaLiTy]

~
The coin didn't pump and dumped yet so asking if there's a chance for it to recover seems not right. You better say if this coin has a potential to pump really high or not, as that sounds better. Not that im supporting this coin but id say that there is always a chance as long as the coin is still alive and breathing ( still listed on an exchange).

You can fork them how many times you want but the people behind the coin are still the same and knowing the big mess they created it is foolish to invest in anything they run to be frank. I would suggest any new investor to stay away from them and not to invest any dime in them, not sure why people would invest in them again, so that the developers would make more money .

[evichi]

Though you called your investment a gamble, but I think anything worth doing is worth doing well. While individual opinions differ, IMO, it is a serious risk to invest in this token more so the Luna/UST crash experience. I rather suggest you invest in reputable altcoins or even Bitcoin. So long as you are expecting to gain something, then opt for something worthwhile. Do your research and note that history can still repeat itself, as regards Luna/UST. Don't take your funds for granted, it is worth investing in something worthwhile.

[og kush420]

Though you called your investment a gamble, but I think anything worth doing is worth doing well. While individual opinions differ, IMO, it is a serious risk to invest in this token more so the Luna/UST crash experience. I rather suggest you invest in reputable altcoins or even Bitcoin. So long as you are expecting to gain something, then opt for something worthwhile. Do your research and note that history can still repeat itself, as regards Luna/UST. Don't take your funds for granted, it is worth investing in something worthwhile.

...My friends invested in LUNA and they were divested after they get to know about the crash of LUNA
sometime we make mistake and we don't forgive ourself for the rest of our lives. But time heals everything, better focus on work rather than be lusty and greedy for money

[Lantind]

Though you called your investment a gamble, but I think anything worth doing is worth doing well. While individual opinions differ, IMO, it is a serious risk to invest in this token more so the Luna/UST crash experience. I rather suggest you invest in reputable altcoins or even Bitcoin. So long as you are expecting to gain something, then opt for something worthwhile. Do your research and note that history can still repeat itself, as regards Luna/UST. Don't take your funds for granted, it is worth investing in something worthwhile.

A person's choice in carrying out an investment is quite dependent on the understanding he gets, Luna has had a negative effect on past investments, the source of this chaos almost no one is able to get out of losses. As you suggest, that there are still so many other altcoins that we can choose from, then why try something that can't necessarily produce maximum profits, isn't the investment target in the end looking for profit?

[og kush420]

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.

It's difficult to recover coins that have experienced a decline below the price, let alone negative news continues to develop for the coin, Luna has been developed with a new model, meaning many changes in any way, but to achieve people's trust to start reinvesting will be quite difficult, but you only expect a penny increase and that's more than enough, so it's not that risky investment you have.

However, if you expect a maximum price increase, I don't think it will be possible in the near future

Luna was a disaster - two of my friends went bankrupt because they invested in Luna and they made this horrible mistake.
But no-one knows the future - that is the future of the coin. If you have invested in coins. You keep your money on hold - you never know maybe it strikes back.

[VanDeinsberg12]

holding luna despite all the disasters and both the trading volume and market capitalization has fallen is such a mistake and foolish act,
this coin will definitely go nowhere, instead it just gonna tanks in the long run. many have said that luna has lost the trust of majority holders and that's true,
this coin couldn't ever recover back because the foolish decision made by luna team.