Is Terra Classic scam?

[Little_Sister]

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?

You have many conclusions from facts about Luna, so there is no reason to bet on trading Luna Classic or LUNA coins, anything related to De Kwoon and his team should be extra vigilant to invest in that coin, better focus on the top coins that have improved traders confidence after declining high since last June.

[goaldigger]

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?

The moment they decided to create another coin, I knew that this is not a good solution and despite of the comments of the investors against this decision, they still push it through for some reason, maybe they are trying to get some money again. This may not be a scam right now but I’m also staying away from any LUNA project, they are not worth it anymore and its too risky to trust a developer like this.

[Shasha80]

I don't think it's a scam, if it's still traded on the exchange, it's just that getting the trust of its supporters has been difficult since yesterday's incident, maybe for newcomers who don't know the story of Terra, they still have high hopes for this coin.

Terra Classic is still listed on several popular exchanges, meaning Terra Classic is not a scam project and we can still trade Terra Classic.
But because so many investors have lost faith in Terra Classic, there is a possibility that Terra Classic will become a scam in the future.
So we really should avoid trading Terra Classic, there are many other projects that are much safer and more profitable than Terra Classic.
Therefore the Terra Classic development team will definitely focus on attracting newbies who lack knowledge, because it seems that it will be
difficult if Terra Classic has to restore the trust of old investors with what happened to LUNA.

[Kelvinid]

I don't think it's a scam, if it's still traded on the exchange, it's just that getting the trust of its supporters has been difficult since yesterday's incident, maybe for newcomers who don't know the story of Terra, they still have high hopes for this coin.

Until people don't give Terra Luna, it still remains active and traded but, you need to be careful with this project if you heard about their issue in the past day you might be thinking if this remains healthy or if it is going to end. It was not yet called a scam project but that was very close to that situation. Honestly, I do hope they will settle it but as they are doing now, that seems not effective anymore and turn hopeless to regain the trust of major investors.

[dothebeats]

I would say that it's not a scam like most people think it is, but the chances of it taking off again is extremely low. People already saw how this coin moved, and for sure they already have made some kind of impression to it as something that they would not invest on again. It already had its time, and perhaps some loyal followers would still buy into this thing, but sooner or later this will also lose traction and then die afterwards.

[S A KHAIR]

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.

I totally agree with you, man. I would rather take that money and use it for gambling. I can just have fun and if I am lucky enough, I will make a decent amount of money, than invest luna classic from now on, obviously this is a dead project and has no chance of making a profit. If you are adventurous and risk taker you might consider memecoins rather than this shit luna coin.

[rugrats]

To me this is a scam project, even though it is still being traded on top exchanges but with what Luna caused, I can't wait for luna classic to be as bad as the old luna and claim to be a scam, it's too late. Mate, we have hundreds of potential coins and the chances of double fortune are so many, that there's no need to invest in a dead coin to expect vague luck.

[Silberman]

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.

There is no point on giving them the benefit of the doubt and this is true not only for his coin but almost all coins as well, the amount of scammers that we have in this market is simply too high so if there is any single detail that we think is not right that should be more than enough to decide to not invest in a project, and it should be obvious that after what happened to Luna then any project released by the same developers should never be trusted regardless of what they can say to defend their project.

[feeling sound]

Not ' I have invested in Terra Classic and hold ' many people say Terra Classic is Binanace CEO idea and may be it's going to moon ' market is working better than last 3 months now Altcoins growing up.

[fuguebtc]

Not ' I have invested in Terra Classic and hold ' many people say Terra Classic is Binanace CEO idea and may be it's going to moon ' market is working better than last 3 months now Altcoins growing up.

Whoever told you that luna classic was CZ's idea, I think he was vehemently opposed to making a fork is luna classic. It was the smart idea of Dokwon who took away a lot of money from luna investors and he succeeded in creating a second scam coin.
You are one of the brave people investing in luna classic, I wish you good luck with your investment. I hope you have done your research and not invested in someone's advice.

[tbct_mt2]

Whoever told you that luna classic was CZ's idea, I think he was vehemently opposed to making a fork is luna classic. It was the smart idea of Dokwon who took away a lot of money from luna investors and he succeeded in creating a second scam coin.

No, it is not idea of CZ who suggested to avoid a fork to Luna and Luna Classic. He tweeted that he supports the idea to buy back and burn Luna. Buy back and burn creates value, not fork.

His tweet. Later when Do Kwon announced that team chose to fork and published a proposal for vote, CZ tweeted "SML" Shake my head.

You are one of the brave people investing in luna classic, I wish you good luck with your investment. I hope you have done your research and not invested in someone's advice.

I think it is still good to buy around $0.00006 weeks ago and hold. Just don't use all money you have to invest in Luna Classic and this coin if won't die, will need a lot of time to recover. Invest or trading it but never use leverage with Luna Classic. You don't know what games they will play.

[shinratensei_]

I don't think it's a scam, if it's still traded on the exchange, it's just that getting the trust of its supporters has been difficult since yesterday's incident, maybe for newcomers who don't know the story of Terra, they still have high hopes for this coin.

though it's still listed, doesn't necessarily means it's not a scam, it has caused tremendous loss for the veteran holders of luna that they're already beyond recovery.
the thing with the listing i'm guessing is heavily influenced by the business since these exchanges are more likely have invested in terra luna, so it could be that the fact that terra luna still listed just in order to give the veteran holders some way for them recover their assets back.

[coin-investor]

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


Thank you.

Are you planning to buy because of its very low price or are you planning to dump because you are cutting your loss, if planning to buy don't if planning to dump now is the right time, while there are still volume and exchanges to dump it, I don't see any future on it, the trust is no longer there, and the Korean authorities are cracking on Do Kwon firms and they want him to be accountable for the collapse of Luna, you don't want to be investing or holding in a project where its future is very unstable.

Check this article for the lastest update about DO KWON
The Prosecution Wants to Hold Kwon Accountable

[batang_bitcoin]

Not ' I have invested in Terra Classic and hold ' many people say Terra Classic is Binanace CEO idea and may be it's going to moon ' market is working better than last 3 months now Altcoins growing up.

Terra classic, no matter what you hear and see. It is nearly dead. CZ owns binance and its native token is BNB not this terra classic.
So if the altcoins market growing, Terra classic is no longer pumping. It is not going up anymore and to think that many lives have already lost due to their losses on this coin because it had sunk totally that it has became almost zero, with many zeros on its decimal.

[Oilacris]

Not ' I have invested in Terra Classic and hold ' many people say Terra Classic is Binanace CEO idea and may be it's going to moon ' market is working better than last 3 months now Altcoins growing up.

Terra classic, no matter what you hear and see. It is nearly dead. CZ owns binance and its native token is BNB not this terra classic.
So if the altcoins market growing, Terra classic is no longer pumping. It is not going up anymore and to think that many lives have already lost due to their losses on this coin because it had sunk totally that it has became almost zero, with many zeros on its decimal.

When the community or investors are already done on a certain project then you could really expect for these things to happen which is really that normal because projects that do sustain and able to

survive different market conditions then those projects are the ones considered to be worth but on this one then no surprise that lots of people got burned and lost out their money due to this
shitty Terra project and they had launched their version 2 or fork coin but people are already wise enough.

Its hard to know for a project to turn out to be scammy at early phase but there are some who had made out some warnings but people didnt care or hear out.

[fuguebtc]

Whoever told you that luna classic was CZ's idea, I think he was vehemently opposed to making a fork is luna classic. It was the smart idea of Dokwon who took away a lot of money from luna investors and he succeeded in creating a second scam coin.

No, it is not idea of CZ who suggested to avoid a fork to Luna and Luna Classic. He tweeted that he supports the idea to buy back and burn Luna. Buy back and burn creates value, not fork.

His tweet. Later when Do Kwon announced that team chose to fork and published a proposal for vote, CZ tweeted "SML" Shake my head.

I mean CZ was against Luna's hard fork, not CZ who suggested it. I believe DOkwon did not hold any vote at that time, it was all arranged by him, he wanted a fork to deny any responsibility for luna's death, so people will focus on the lunaclassic and quickly forget about the old luna.

You are one of the brave people investing in luna classic, I wish you good luck with your investment. I hope you have done your research and not invested in someone's advice.

I think it is still good to buy around $0.00006 weeks ago and hold. Just don't use all money you have to invest in Luna Classic and this coin if won't die, will need a lot of time to recover. Invest or trading it but never use leverage with Luna Classic. You don't know what games they will play.

Since this is considered gambling rather than investment, I would rather invest in a new project or coin meme than bet my money on Luna Classic. It's true that we don't know what the shark will do to the luna but given what it has done to the market, I have to say it's not worth the gamble.

[JayTrain]

it's hard to call the project a scam, the project is traded on leading exchanges, but many investors think so, there are a lot of lawsuits in the direction of the project, as far as I know, even the SEC is interested in the project, let's see how events will develop, perhaps the developers will come up with something and get out of such a predicament.

[batang_bitcoin]

Not ' I have invested in Terra Classic and hold ' many people say Terra Classic is Binanace CEO idea and may be it's going to moon ' market is working better than last 3 months now Altcoins growing up.

Terra classic, no matter what you hear and see. It is nearly dead. CZ owns binance and its native token is BNB not this terra classic.
So if the altcoins market growing, Terra classic is no longer pumping. It is not going up anymore and to think that many lives have already lost due to their losses on this coin because it had sunk totally that it has became almost zero, with many zeros on its decimal.

When the community or investors are already done on a certain project then you could really expect for these things to happen which is really that normal because projects that do sustain and able to

survive different market conditions then those projects are the ones considered to be worth but on this one then no surprise that lots of people got burned and lost out their money due to this
shitty Terra project and they had launched their version 2 or fork coin but people are already wise enough.

Its hard to know for a project to turn out to be scammy at early phase but there are some who had made out some warnings but people didnt care or hear out.

We may have that opinion that it's not a scam and waiting for further things to happen before you finally say a scam. It's like a lowkey situation that people don't want to tell that it's a scam.
But if you'll go ahead and analyze the entirety of this project, from the peak that it went and popularity that it has got. Overnight, it was ruined too quickly and price became close to nothing.

[Abiky]

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


Thank you.

I wouldn't say "scam" but rather a failed experiment that caused distrust against most stablecoins on the market. The project is being maintained by the community after Do Kwon decided to go ahead with a new version of the Blockchain (dubbed Terra 2.0). It's been quite some time after the community parted ways with the founder of the project, yet Terra Classic is way below its All-time-high of over $100 per coin. It's very unlikely the project will rise back to its former glory after what happened with the UST crash.

I guess Terra Classic will become just another "meme" coin with no purpose other than being a purely-speculative instrument. I think it's best to move on to the next big thing in crypto just to be safe. Just my thoughts

[$anounimus$]

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

I'm not aware of any solid evidence to suggest Terra Classic is a scam. The biggest point that some people have raised is concern about the fact that there is no information about the product. If someone enters investment with the hope that he will get richer, he is not a victim of a scam but if everyone loses their money then it must be a scam!!!

My opinion of Terra Classic in the future is that Terra Classic can be a great investment in the future. Just like many other coins currently on the market, the price of this coin is likely to increase over time.