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Author Topic: Terra Luna Classic pumping - can it last?  (Read 960 times)
capedbaldy
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October 03, 2022, 11:23:55 PM
 #121

People dind't care anymore with the risk. they keep pumping no matter what happened with it. If you are thinking that's a healthy pump and then it seems you never understand crypto. It's dumping again to the dip again. The fees being burned is so small. People are not interesting anymore to hold this coin. I expect the price will be going to the bottom again. It will happen very soon.
The luna coin will easily be used by whales to profit from pumps and dumps, when binance's support burns the supply of lunc the whales will act triggering a rise in the price of lunc and many traders will assume that lunc will return and that is an opportunity to recover past losses.

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October 04, 2022, 01:35:33 PM
 #122

every coin price that is pumped is very risky for a dump to occur. so I think the pump that happened to LUNC won't last long. but LUNC looks to do a healthy pump. so the possibility of dumping will not take place quickly. even if the LUNC coin will go down then I think the decline will be slow. but now after Do kwon's arrest then I think it's very risky to get into LUNC. better to be safe.
People dind't care anymore with the risk. they keep pumping no matter what happened with it. If you are thinking that's a healthy pump and then it seems you never understand crypto. It's dumping again to the dip again. The fees being burned is so small. People are not interesting anymore to hold this coin. I expect the price will be going to the bottom again. It will happen very soon.
none of the original pumps were manipulated by the whales who took advantage of what happened to Terra in the past.
some people think about profit with all the risks they don't think about and only think that it will only get big profits from Terra.
sometimes i feel silly a lot of people say Terra will pump, Terra will recover like a joke at night.
but maybe if it will pump after that it will be dumped again like last time

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October 04, 2022, 05:36:48 PM
 #123

Yes I Think Terra Luna Pumping and It will pump gradually in future. I strongly Believe That i will cover my capital from here. I have huge loser from Terra Luna. Recently we are following team of Terra Luna are very active. So i think it will do good in future. So i wat to take some risk from Terra Luna. Thankyou.
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October 04, 2022, 05:50:17 PM
 #124

Your expectation is quite high if you look at the current market conditions I believe we can not expect such huge movement in the LUNC until and unless BTC also moves. I would suggest leaving it and look any other coins that have potential rather than depend on this coin. You are in profit at the moment you can consider booking some profit or can take out the principal amount rest you can hold because I don't see it has the potential to keep growing but it can pump and dump and that we can not deny.
Some investors want to take risks without realizing it. Investors often forget the general idea that Terra will pump but have no reason. There is no change in their supply in the amount they are burning. Because the supply is much higher than Burning. Observation must be done before taking risk or else big disaster can happen.

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October 06, 2022, 12:12:18 AM
 #125

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.

LUNA Classic's pump is only attributed to the burning mechanism recently approved by the community. It seems that Binance has been the only exchange who burned most of LUNC's supply, causing a short pump in market prices. But I don't think that will ever lead LUNC towards $0.01 and above because the project already lost investor confidence. The community should re-brand the coin to help bring a fresh image to the masses. Only then, it may be possible to attract huge investors into the project. Not only Terra Classic would be needing investors, but also prominent developers willing to build dApps on its ecosystem. AFAIK, most developers moved from Terra to other chains after the coin went all the way downhill in an instant. Some competing projects offered grants to help attract developers into them. Considering that no progress has been made regarding the development of the Terra Classic project, I'm afraid the cryptocurrency will remain a speculative asset for a long time. At least, we have other coins to choose from. Just my opinion Smiley

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October 06, 2022, 01:54:56 AM
 #126

Until now, LUNC still survives and pumps for almost 2 months continue to occur, of course not all pumps are carried out by developers, I'm sure many investors also hope that LUNC will skyrocket again, of course there are many reasons and I also hope that LUNC can recover soon even though it is currently facing many problems.
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October 06, 2022, 02:59:16 AM
 #127

Your expectation is quite high if you look at the current market conditions I believe we can not expect such huge movement in the LUNC until and unless BTC also moves. I would suggest leaving it and look any other coins that have potential rather than depend on this coin. You are in profit at the moment you can consider booking some profit or can take out the principal amount rest you can hold because I don't see it has the potential to keep growing but it can pump and dump and that we can not deny.
Some investors want to take risks without realizing it. Investors often forget the general idea that Terra will pump but have no reason. There is no change in their supply in the amount they are burning. Because the supply is much higher than Burning. Observation must be done before taking risk or else big disaster can happen.

if i remember correctly, the current supply of Lunc is 6,7 trillion tokens, an extremely large supply. it is known that lunc recently received support from binance, the exchange is burning lunc every month, from September 26 to October 4, the number of tokens burned was 5.5 billion lunc.
if this holds up, binance will also take many years to bring the total Lunc supply back to 10 billion and it is unlikely that binance will support the lunc burning until the target is reached, they just said they would stop burning on notice

the risk of investing in lunch is still very high, so you should consider it

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October 06, 2022, 01:22:21 PM
 #128

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.

This is what it is and people who lost money in it the first time but are still putting their money into it now will get hurt a second time. Once a business defaults it is very hard to regain the trust of its customers. And this is how I see Luna now. Today, I read on Twitter where the CEO of Luna, Do Kwon was disclaiming an article that claimed his funds was frozen. It means there is still so much problem in his camp. Anyone trusting that coin now and investing in it will be risking their money.

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