Is Terra Classic scam?

[LogitechMouse]

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


Thank you.

Terra Classic has been classified as a scam by some investors because of what happened to them months ago. Investors exploited the flaws of the system and that caused UST to de-pegged and Terra Luna's (now Terra Classic) price to plummet from near $100 to less than a penny.

Since you are asking, it has no chance of success because I believe that when a company is down, it will remain down because the trust of the people towards the developers and owners has been affected already and they would rather invest into other altcoins or just into Bitcoin than risking their money into an asset like Terra Classic. Just avoid projects that are related to Do Kwon like this one and just invest into other altcoins out there.

[icalical]

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


Thank you.

I don't know whether it is scam or not since I don't have any proof, however I suspect the founder have something to do with their last fall, and then his respond to this fall is just creating Luna 2.0 which is a very ridiculous action and bad for Luna investor and community. I also believe that their price is highly manipulated, so anyone who are still believing in this project should move forward very carefully, and be cautious, if you are not ready to lose your money, don't buy this coin.

[zasad@]

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


Thank you.

https://www.coingecko.com/en/coins/terra-luna-classic
There are a lot of these coins, the developers left the ecosystem, the main trading on the Binance exchange.
This coin has a chance to make x2-x3 or maybe more.
I think that the ecosystem is dead, but pumps and dumps from manipulators are possible.

[irsada]

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


Thank you.

Terra classic is no longer worth investing in in the long term, because the devs have made a new terra and are not focused on taking care of the classic terra. many people have lost their savings because of terra classic. as for now terra classic is just a pump and dump like other coim memes that only benefit whales.

[smartaction]

Terra Classic and Terra company not scam yet but after attack terra company lost there many big and potential investors. So they are now not able to increase the price of their token even after hundreds of attempts. I don't know if they will be able to recover their token price again in the future but I believe that the team is still working very hard on this project.  And trying to do something good again

[Mosharafhh]

In my opinion stay away from any types of copy of terra project because it will not very much hype because of its name every people now scared of this project so it can take profit for the short time but it will not hold long!,

[CuriousGeorge]

I honestly think it's never gonna recover again, considering the fact that even the team has left the current luna classic instead they are starting over with the newer luna,
this coin is basically a shitcoin and you will most likely just gonna get disappointed in the long run since lack of supports could simply mean the coin hardly ever gonna recover back to its former ATH.
your best bet gonna be the new luna but that's also falling just like the luna classic

[wallet4bitcoin]

I can't imagine traders trust Terra anymore. But, major exchanges still have good trading volumes. The previous holders lost a lot from it. I think at this time, most traders choose Terra for short term trading. Terra team are trying to recover. But Honestly, I can't believe Terra Classic can recover from here.

They renamed LUNA to LUNC and then launched LUNA again. But, previous holders still in lose.

[Johnyz]

This is not a scam project yet but as we can see right now in the market, Terra loses so many investors and very few still trust this project, though they are active on burning the supplies I think it will still take time before we see a good progress or none at all. Better to invest on other project, TERRA is not worth it anymore and its too risky.

[serjent05]

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

It looks like an exit scam had happened on Terra Classic when the dev decided to fork it.  Regarding the project's success, I am not taking out the opportunity of the project to become successful but since there was this bad event, I don't think that it is that huge, and it will take a very long time to fix the bad taste on Luna Classic since there are lots of investors who suffer 100% loss on this project.

[Rufsilf]

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


Thank you.

https://www.coingecko.com/en/coins/terra-luna-classic
There are a lot of these coins, the developers left the ecosystem, the main trading on the Binance exchange.
This coin has a chance to make x2-x3 or maybe more.
I think that the ecosystem is dead, but pumps and dumps from manipulators are possible.

And that can be riskier for traders. I'd never thought that many traders are still using this for trading knowing that issue as it was an obvious scam even though they still have active trades left in Binance. In fact, Binance had also announced their big losses from this project so I think that was the end of their participation. What we gonna see is just a sort of manipulation from the bag holders tricking new traders and I was afraid they got to fall into them.

[bluebit25]

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


Thank you.

Well, I'm not a person who likes to make suggestions or make statements without supporting evidence to support my opinion. Personally, I don't care what it is doing, but what happened is what I know of a lack of transparency coming from the team itself. The hype surrounding it will continue to entice newcomers or even those hoping to profit from it. The way the DEV is chirping makes me laugh, even to those who think it's an opportunity.

[rahmad2nd]

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


Thank you.

are you planning to invest in LUNC, now I think lunc is heavier than meme coins or tokens, and whether the price of LUNC will return to the beginning, which is definitely no guarantee and I don't see any supporting factors that could make the price of LUNC go back to the beginning  although LUNC is still traded on several exchanges.

if you look at the scenario that occurred after the big incident in the luna case. I think it's hopeless and ends up like shitcoins in general, so I don't recommend you to invest in the Luna project.

[shinratensei_]

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


Thank you.

Terra classic is no longer worth investing in in the long term, because the devs have made a new terra and are not focused on taking care of the classic terra. many people have lost their savings because of terra classic. as for now terra classic is just a pump and dump like other coim memes that only benefit whales.

true, supports for the terra classic is no more, meaning it could hardly ever achieve the same feat like in the past, even the new luna is lacking trust from the traders, i have my doubt that both of the coin either the classic or the newer ones could ever become as big as it was in the past.
I guess just move on and invest in better coin like ETH and BNB.

[d3nz]

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.

the newer luna has quite literally set the fate of the luna classic in stone, it's quite literally being abandoned so there's no reason for someone holding luna classic thinking it could ever recover back, so that's true terra classic is
already such a massive failure.

It's a failed decision of Do Kwon, thinking it will attract more investors and gets FOMO but they are wrong. It's a huge mistake since people know what they are doing and learn from this kind of project that has loopholes.

Much better to invest in an altcoin that has huge potential in the future. Some people are still buying the Luna Classic since it's just a pump and dump coin.

[bittick]

It doesn't have chance to be a success. Terra luna has become the biggest scandal and problem in the crypto. The only a project that worth billions dollars that can go to the zero  valuation on its token just in a short time. This project was just another scam project. You shall think again before try to invest in this shitty token. The fact that if this coin is dead. There's no need to hope if terra luna will be success again.

The same story with bitconnect. It's dead. No chance to go high again. The developers were scammers. 

[wallet4bitcoin]

so that's true terra classic is
already such a massive failure.

Recently I noticed a message from binance official announcement. Binance will support Terra network upgrade. I think there can be a chance to recover some price. But, I'm still in confusion traders will trust LUNA or not.

[S A KHAIR]

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


Thank you.

You should stay away from this project if you do not want to lose your money. It is a scam project. This coin appears to have no growth potential or prospects for a resurgence in the future. The terra has become a thing of the past, and for those who believed in it, terra has been a wound that will never heal. A fall that was too sudden and painful.

[CuriousGeorge]

You should stay away from this project if you do not want to lose your money. It is a scam project. This coin appears to have no growth potential or prospects for a resurgence in the future. The terra has become a thing of the past, and for those who believed in it, terra has been a wound that will never heal. A fall that was too sudden and painful.

Agreed, investing in luna classic is like throwing money in a trash can, it's like a gambling investing in luna classic since it's in the worse state than the meme coin.
at least with meme coin with some shill it could increase its value but with luna classic, its just gonna slowly losing its value.

[Jaered]

De Kwoon has a record of criminal charges. Check! He has a failed project in the shape of Luna. Check! And he refused to do a burn of the tokens so as to reduce supply and stabilize the price. Check! The much touted bitcoin supply fizzled out. Checkmate! Now why would I trust anything or anyone in the shape of Luna?