Is Terra Classic scam?

[KennyR]

It isn't a scam. The unexpected crash that happened in the market have made people not to look Terra classic anymore. Even after the massive fall it has got the market for trading. Just because it is available in the market, no one will get into it. Terra classic isn't a scam, but the fall have made some believe it to be a planned scam.

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[TomArayaSlaya]

Scam NO Success NO I think is a defi meme coin right now Buy some plus USTC and then may try some on the terra blockchain I mean there are many dapps on the the old terra chain Try play with them and see how DEFI works

[ultrloa]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

It has been attacked but it lost the trust of its investors already so I guess it will take time for that coin to get up on what challenge they are facing, If I where you maybe you should think more if you want to invest on that coin because for what I see some people use that for pump and dump scheme so it will never be good for hyped investor to join because for sure they will be trapped just like what other investors experience there.

[dansus021]

at first terra classic was a huge success in fact if you take a look this image below that terra is hugely invested by a big company such a binance too.



the biggest problem what happened in terra is their stablecoin that pegg to 1$ in luna.

and the answer of "will they go up?" I don't know but if they go up the price will plummet again if UST got claimed back

[len01]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

for the question whether Terra classic is a scam, i will answer Terra classic is not a scam and you can still buy it in several markets for you to use to get daily profits.
but if you ask whether the Terra classic will recover or when the Terra classic will be a success, i will answer we will not know if it will happen in the future. but right now my opinion the Terra classic is behind to fix the coin again. because from a few months ago after the accident on the Terra classic coin there has been no good news from the project. i mean the owner of the Terra classic hasn't tweeted anything that makes investors believe anymore

[DanWalker]

The project is another version of old Luna, it is not a scam project yet, but I believe in the near future it will be. To be honest, there's no longer any motivation that can make luna classic a success. Investors have completely lost faith in the terra team, luna classic trading is still there as it is still profitable for exchanges, but it would be a bad investment if someone decided to invest in it now.

[Silberman]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

I have the tendency to think of this coin as a shitcoin, however I can understand why some people may think of it as a scam, the developers of Terra do not really have a good reputation after what happened with the original Terra and now people are not going to trust in whatever they say as they have already made promises like that before and we only have to take a look at those which trusted them before to know that doing such a thing is not a good idea, so if I were you this is a coin in which I would not waste my time.

[danherbias07]

The fall of their reputation is what made investors doubt their second chance. It may not be a scam but IMO it might not also go back to its old trend.
That's one of the problems when you broke the trust of your supporters. It won't be as lively as before on social media.
Don't expect too much, that's all I could recommend for those who want to support this project.
History tells when a coin drops at a certain point like what happened with Terra, it's difficult to go back even if you change the name, ticker, or say it's a different one.

[cryptoaddictchie]

Is Terra Classic scam or does it have a chance of success?

Its been reformat but I doubt it will ever be as succesful as ever since its tainted its willful reputation on the entire crypto ecosystem. Many people have loss funds to their downfall last few months and they will never forget the tragedy it brings. Even some loss their life due to suicide from their losses. Now new investors would be scared enough to put some big funds on this. But if you are playing trading could do some profits from hype and technical aspect.

[Pelana vreo]

Depegging UST and LUNC at that time made the Terra ecosystem collapse because there was no fiat guarantee to support stable coins, as a result the classic Luna continued to be printed, but it wasn't a scam because you can still trade the coins. to be successful, I don't think Luna will return to the way it used to be, because some projects have moved away from the Terra ecosystem and the team has created a new Luna coin.

[JoyMarsha]

No matter how Do Kwon tries to rebrand terra luna, it will still appear as a scam to me. He lost my trust when he refuse to adhere to the advice given to him to burn some huge amount of terra luna to stabilize its price. He only rushes to create another new token as a compensator for investors that have lost thousands of dollars, from his project gone wrong. It will be foolish of me to invest after seeing the red flags of how he duped investors.

It's so pathetic that we find ourselves midst people that are not concentrated on other people's welfare but only on their pocket

[spiker777]

it is not scam . they got attacked and their stable coin lost it's peg that caused all that disaster. they tried to revive the terra project by creating terra 2.0. but that attempts seems didn't work out how they expected or wanted.

at first terra classic was a huge success in fact if you take a look this image below that terra is hugely invested by a big company such a binance too.



the biggest problem what happened in terra is their stablecoin that pegg to 1$ in luna.

and the answer of "will they go up?" I don't know but if they go up the price will plummet again if UST got claimed back

they already announced they'll shut down their Stablecoin called UST. so I don't think they'll work on UST anymore.

[Tony116]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

Basically luna classic died for luna and ust reputation. Although it is not a scam project, but you should not think to invest in it, it is dead and there is no hope of growth anymore. The lesson of luna is still there, look at the people who owned luna before, they have lost all their property and have no chance to get it back. Stay away from this project, don't expect it x100, 200, it's just your illusion.

[lixer]

The project is another version of old Luna, it is not a scam project yet, but I believe in the near future it will be. To be honest, there's no longer any motivation that can make luna classic a success. Investors have completely lost faith in the terra team, luna classic trading is still there as it is still profitable for exchanges, but it would be a bad investment if someone decided to invest in it now.

Not a scam yet? So we will need to wait before it turned into a scam before we avoid this coin? Haha I think that was not reasonable. This is why many people keeps on losing money because they never learn from their past mistakes. If we really wanted to earn then we have bitcoin and other altcoins which are proven to be legit. Can't understand till now why people like to force themselves on a coin which already known to have a bad reputation. The same with those meme coins.

A new coin meme baby doge is not different from the previous meme coin shiba inu but I guess people realize that they are doomed since those coins are seem to be quiet now.

[Bitstar_coin]

it is really hard to say at this junction if terra was a planned scam from the beginning or an unexpected terrible issue that arises at a later stage, there seem to be a lot of mixed feelings among members of the crypto community regarding terra's unfortunate incidents.
Was it a scam designed by the founder from the beginning! am not sure, will it ever regain the previous trust it once had from the crypto community! absolutely not, it takes years to build a strong reputation and minutes to destroy it all.
I think among other things, the terra founder's total disregard towards the terra community's opinion makes it worse as investors completely lost the trust they had on the project and lost the little hope they had on revival.

[Xal0lex]

The developers created Terra 2.0, and many hamsters keep dreaming that while Terra Classic has a low price, it should be bought, because it can grow in the foreseeable future. The unique thing about this situation is that the project failed miserably, bankrupting everyone it could, but people do not learn a lesson from this and keep getting into this scam in the hope of making a decent profit.

[dunfida]

The developers created Terra 2.0, and many hamsters keep dreaming that while Terra Classic has a low price, it should be bought, because it can grow in the foreseeable future. The unique thing about this situation is that the project failed miserably, bankrupting everyone it could, but people do not learn a lesson from this and keep getting into this scam in the hope of making a decent profit.

Some do make money and most likely they are the ones who would really be taking risk on putting up some funds again on that Terra 2.0 for sure and the rest would be dragged off whenever the hype is on the roof.

People never ever learn even though they had been fucked up hard in the past but still make out some considerations on making investment once again and when they experience the second time around
then this is where they do make or shout out their regrets that they shouldnt have done that but well its already too late.

Regret do always comes in the last and not on the start.

[shinratensei_]

I guess you could say so since at this moment the luna classic has become the new shitcoin and considering how much destruction is has brought to majority of the luna classic holders since the massive crash that it incurred massive losses to their investment, it could be said that luna classic is like a scam. even though there are new luna being made, isn't enough reimbursement towards the veteran luna holders, instead it just become another shitcoin following the path of the luna classic.

[BuNga_cute]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

I really don't recommend investing in Terra Classic because the risk is very high investing in Terra Classic. Even though it's not a scam project,
but because of its bad reputation, the chances of Terra Classic being successful are very unlikely. I think of Terra Classic as a shitcoin that
might be at risk of becoming a scam in the future, if we learn from what happened before with LUNA. As long as the owner of Terra Classic and
the development team is still the same as LUNA, I believe there is a possibility that the bad things that happened to LUNA will happen again for
the second time. Of course, as smart investors, we should never become victims for the second time, and learn from previous mistakes by trusting
LUNA. My advice is to look for other projects that are proven to be safe than risk our money buying Terra Classic.

[TastyChillySauce00]

Scam NO Success NO I think is a defi meme coin right now Buy some plus USTC and then may try some on the terra blockchain I mean there are many dapps on the the old terra chain Try play with them and see how DEFI works

LOL, The dump that happened with terra luna already wiped out so many DEFI. Even the venture capital like 3AC can go bankrupt caused by a big loss in terra luna. How can you suggest others to use defi that built in the scam blockchain? I meant it has already proven that if the terra luna was a garbage ponzi scheme to fool people. Only stupid person will always try to buy the terra luna. There are bunch of defi in another blockchain which can be trusted.
There's no need to gambling with proven scam blockchain like terra luna. People must be smarter enough to think about that.