Terra Luna Classic pumping - can it last?

[JamesDaniel90]

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

[BitDane]

It is not realistic at the current condition of the team.  You see there are some legal issue filed against the team behind Terra Luna Classic, so this pump is a possible way of some whales to squeeze more money on the market, dumping their holdings once the price meet their target selling price.  If you want to take profit, you can join the market before people decides to dump their holdings.

[Cryptopher]

Consider taking some profit on the way up, and hold some for further speculation.

I really don't see LUNC going anywhere near $0.01, certainly not $0.10. That would be a huge market cap, though one can hope.

As has been suggested already, this is most likely squeeze by whales based on the recent improvements to the network. At least you got in relatively low, so your risk should be largely mitigated, especially if you take some profit.

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

[Silberman]

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

This kind of growth is going to be impossible to sustain, I'm happy that your gamble is paying off but that is all what you should think about it, it was a gamble and you were able to win it, you should not get so greedy to think that Luna classic is going to reach those kind of prices, be happy with the profits that you got and move on, now you ask why is this happening? But most likely there is not a specific reason for this, and this is simply the result of speculators pumping the price.

[icalical]

I personally will not touch any project by terra again, I won't take any risk on my money. There is always possibility that if any terra coin project is pumping it might be another price manipulation, so my advice if you insist to put your money on Luna Classic you should be ready to lose your money.

[cryptoaddictchie]

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

If you really dont want they why not remove only the capital you invested instead. In that way, you are not in loss or any potential loses in thr future since you out your money. That way, you could see if your decision is right after some time. Its always best to stay safe on cryptomarket. This is highly volatile especially lunc is a product of a failed platform.

[JamesDaniel90]

I do not believe it will reach 0.01 but crypto is very unpredictable and you could say no one expected it to crash from over $100 to these low prices but it did.

I am going to wait till 0.0005 I think and cash out half my investment then and let the rest ride.

They are saying this is a big week for Terra Luna Classic so will be interesting to see what happens.

[Jackl87]

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I also noticed recently that LUNC is in the focus of a lot of traders at the moment. I recently tried out the Kucoin trading bots for the first time and there i noticed that Luna Classic/USDT trading pair has the biggest volume of all trading pairs on Kucoin which is pretty crazy to me as the project is pretty dead in my opinion. A reason for this high trading volume is also that most trading bot users are running it on the LUNC/USDT pair now because of the high volume and the high volatility which is great for trading bots.

I would be very careful though with investing into Luna classic. With the current we are already at a marketcap of more than 2 Billion $ so prices like 0,01$ or even 0,1$ are completely unrealistic if you ask me. I expect a dump pretty soon.

[yazher]

It is not realistic at the current condition of the team.  You see there are some legal issue filed against the team behind Terra Luna Classic, so this pump is a possible way of some whales to squeeze more money on the market, dumping their holdings once the price meet their target selling price.  If you want to take profit, you can join the market before people decides to dump their holdings.

It could be another bull trap again and when you see some people investing while the issue is still there, they are not really investing rather they are playing a gamble game with Luna and these guys know exactly what they're doing and know when to pull out their investment. As for the common folks or those who don't have any idea and they just riding the trend, they better watch out and be careful because they cannot pull out their capital back once massive dumping occurs again.

[jossiel]

Those prices that you're asking are unlikely to happen. It has a trillion supply and by which it's gonna happen, it means that we're in a bull run and the market cap for it has increased a lot.

How long its pump will last?

We don't know.

Usually with these pumps, they're not going to last and it's better for you to take profit if you can. But if you just want to watch it move up and down, that's fine because you seem to have a high standard before you sell.

[JamesDaniel90]

It is falling at the moment so may be a few days till it pumps again.

I think 0.0005 is a good target to take out half my investment and then let the rest ride.

I only put £300 in so by taking out half of it then I am basically left with a £150 gamble, it either goes to zero or I will hold till 0.005 and see decent returns.

[SnuffleWaffle22]

They are saying this is a big week for Terra Luna Classic so will be interesting to see what happens.
Then again, that has been claimed before...

[samcrypto]

There’s a lot of hype going on in my social media account, almost of my friend are talking about this and honestly that’s very attractive. Many able to get some profit from here and that’s good for them, but I actually this just a hype because the update is not there yet and there’s no assurance that they can maintain that level. Well, it’s ok to short but make sure you do know when to exit.

[inanilujimi]

Don't expect more, I also have Lunac but to be honest I've converted to ETH now. Don't let greed rule you if you get x 4 in the bear market this is already a great achievement. Don't let the circulating fomo affect you, maybe soon Lunac will experience a decline.

[Questat]

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

Many investors got tempted to buy Tera Luna at its cheapest price. They are hoping for something big in return, in fact, many had made it and got some money before they've got into trouble.

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

I can't say it was realistic but the pump can be possibly a trap. If I were you, I don't wait for the price to be that high, if you already have in profit at its current price, sell them. Honestly, after the issue have raised and heard a lot of complaints against this project, it was hard to put back my trust to them.

[Baofeng]

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

1. Obvious pump and dump scheme by some groups.
2. Maybe the people behind the project is pumping it.
3. There is hype surrounding Terra Luna classic.

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

Just remember that we are still in the bear market, so it make take months or even years to see that price.

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

Just be careful though, sometimes the dump will happen when you sleeps so chances are you are going to miss the profits. So if you have made profits already, there's no need to be greedy, just saying, as you might learn a very expensive lessons here in crypto specially that you are new.

[JamesDaniel90]

The problem I have is not knowing for sure which way this is going to go.

I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.

I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.

[BitcoinHodler]

you answered your own question in the title. if it is "pumping" that means it is not possible to predict how much or how long it is going to "pump" because by nature it is a fake rise that only depends on luck and how much money the pumpers behind it have in their pockets and are willing to waste on the shitcoin.

generally the safest thing to do is to jump off the pumping train as soon as it starts slowing down.

[Rufsilf]

The problem I have is not knowing for sure which way this is going to go.

I wouldn't be surprised if it drops back down to 0.0001 but I also wouldn't be surprised if it reaches 0.0007 with all the hype it is getting lately.

I only put in £300 so it is not a lot to risk at the moment. I think I would have more regret selling early at this stage then not banking any profits.

Perhaps, the reason why this is risky it is because we never know where it goes, up or down.
I know that amount is just small and you can afford to lose it but the feeling of missing the chance to earn a small profit from a sudden and unexpected spike was even more regretting.

Anyways, you have the right to make a decision. At least you are already aware of the situation.

[GatotKaca]

Terra Luna Classic was previously in trouble. I'm afraid this is just part of the whale's strategy to take more money from new people who see the coin with a pretty deep drop. its value is cheap and it would be very easy to say a potential coin at a low price that would make the pump bigger.
yes, we are now looking at the pump, but I doubt this project will get consistent support. their market could have crashed as their developers did.