Terra Luna Classic pumping - can it last?

[piebeyb]

I'm not sure it came from new investors' confidence to buy the classic Luna until the price went up today, because I know maybe a lot of people lost a lot of money on the LUNA price that fell a few months ago and it brought down a lot of people, so if I were you maybe I'm not going to enter the crypto market which is currently not fully recovered, so it's just a matter of time and not sure it will hit $0.01 or $0.1 because of course before it hits the old holders will sell it first to get the profit, so consider all inputs from all the communities on this forum so you don't lose money

[coinerer]

I'm not sure it came from new investors' confidence to buy the classic Luna until the price went up today, because I know maybe a lot of people lost a lot of money on the LUNA price that fell a few months ago and it brought down a lot of people, so if I were you maybe I'm not going to enter the crypto market which is currently not fully recovered, so it's just a matter of time and not sure it will hit $0.01 or $0.1 because of course before it hits the old holders will sell it first to get the profit, so consider all inputs from all the communities on this forum so you don't lose money

Investors are currently watching Luna. Since this is a scam project, many people stay away from it. However, what is working behind the current price increase of Luna is their burning mechanism. The developers of Luna Project propose that they will burn at 1.2 percent per transaction. So far this proposal has been approved by various exchanges such as Binance and others. That is why the price is increasing.

[mbakruroh]

The last few days Terra exploded, the transaction volume was more than $ 3.8 billion and made the luncak position ranked 25th, even yesterday was ranked 22, this was a positive and optimistic sign that we could party again with Luna.

Yes, of course we want to party again with Luna, but we are afraid of being cooped up inside while the party is over. You have to understand that so you don't get stuck with a fake party. Don't take the risk, there are lots of good coins out there to invest in.

[Silberman]

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

Judging from its history, LUNA had a bad experience before because it was attacked and the price was destroyed until it was worthless. Talking about price, I think we can only see how LUNA classic can overcome it and get back the trust of investors today. but lately LUNA classic seems to have started to be trusted again but to reach $0.01 or $0.1 still can not be determined the exact time.

I think you may be making a bad reading about what's happening with Luna, no one is really trusting in Luna once again, the ones that are at the time investing in the coin are speculators and nothing more, as soon as there is any indication that the movement that we are witnessing is about to lose any strength they are going to abandon the ship as fast as they got in, and when that happens I expect that we are going to see another crash for Luna.

[Ngemmeng]

nowadays this altcoin has become a coin meme and I don't think there is any reason for long term investment. the price of LUNC is currently in the range of 0.0004 and to reach the price of 0.1 is not an easy matter after what happened to this altcoin before.
my advice if you have made a big enough profit you should sell it and determine the best point to buy again. Currently the price of LUNC is dropping quite dramatically when the price of bitcoin and other major altcoins is rising, and it is likely that the price of LUNC will continue to fall in the next few days.

[lvsca]

lately LUNA classic is on the rise again, it seems that there is good potential for those who have invested here, they benefit from very cheap purchases. Lately, I often find talks about LUNA until some of them say LUNA is really recovering and they have started investing here. even the media say. source: https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/

[Lubang Bawah]

Always interesting to follow the development of Luna, 3 coins namely Luna Classic, Luna and Stable Coins have been ranked and even Luncas now ranked 26th, 3 coins pump to billions of dollars, and will be a bet if it doesn't work, I'm sure there will be the next pump, So buy now.

[Kadal Ijo]

I'm happy what the team did to continue to pump Luna classic, I'm sure this is the beginning of the next pump, there will be the next pump to make Luna enter the top 10 ranking, based on data they have a large bitcoin stock so it will be easy to make Luna survive and skyrocketed again.

[topman21]

I'm happy what the team did to continue to pump Luna classic, I'm sure this is the beginning of the next pump, there will be the next pump to make Luna enter the top 10 ranking, based on data they have a large bitcoin stock so it will be easy to make Luna survive and skyrocketed again.

Team is most responsible for setting Luna on the path to destruction. They could have saved their platform from destruction if they had wished.But they are trying now instead of trying then. Not sure how long they will be pumping. At any time Luna market can be dumping.Those who have enough profit can consider holding more.

[piebeyb]

I'm not sure it came from new investors' confidence to buy the classic Luna until the price went up today, because I know maybe a lot of people lost a lot of money on the LUNA price that fell a few months ago and it brought down a lot of people, so if I were you maybe I'm not going to enter the crypto market which is currently not fully recovered, so it's just a matter of time and not sure it will hit $0.01 or $0.1 because of course before it hits the old holders will sell it first to get the profit, so consider all inputs from all the communities on this forum so you don't lose money

Investors are currently watching Luna. Since this is a scam project, many people stay away from it. However, what is working behind the current price increase of Luna is their burning mechanism. The developers of Luna Project propose that they will burn at 1.2 percent per transaction. So far this proposal has been approved by various exchanges such as Binance and others. That is why the price is increasing.

Yes, I think that's why there are many investors who are traumatized by the previous incident where many people lost a lot of money on the LUNA project, I think people will be very careful when they enter here, it's just a whale game inside.

[sana54210]

lately LUNA classic is on the rise again, it seems that there is good potential for those who have invested here, they benefit from very cheap purchases. Lately, I often find talks about LUNA until some of them say LUNA is really recovering and they have started investing here. even the media say. source: https://www.coindesk.com/markets/2022/09/08/crypto-terra-luna-classic-surges-as-traders-speculate-on-new-supply-burn-rule/

You may believe that it is recovering and the price is looking like it is doing fine, but first of all it is nowhere near its old levels so it is not even a recovery just yet, it is recovering from the lowest points and that is a good thing but that doesn't mean that we are going to end up seeing a lot of highs from luna classic neither.

However, assuming that we would end up with a good recovery here even to a point where it becomes a top 10 coin one day, that doesn't mean that we can still trust it. Remember this was a multi-billion dollar market cap coin and in the end it dropped to a point of cents and that means we could end up wit the same thing again so I do not think that we should trust it right now.

[Almasani]

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

The most realistic question for now is how long will Terra Luna Classic last on the market? If you find this answer, of course you will find the answer how long the price of Terra Luna Classic reaches $0.1 or $0.01. Because what we think about now is not how much Terra Luna Classic costs, but what we think about is whether Terra Luna Classic will be removed from the exchange. Didn't I make a question comparable to yours?

[2dogs]

You can read FatMan's discord posts from a day or two ago on Terra Rebels.


Example:
FatMan — 09/11/2022
Is your "goal" the success of Terra Classic, or the implementation of the burn tax? The advice I'm giving is an earnest attempt to bring about the success of Terra Classic. Not supporting the burn tax doesn't mean I think TR will fail - quite the opposite, IMO. If I wanted TR to fail, I'd just let the burn tax happen and watch the chain die out in 2 weeks flat 😛


FatMan — 09/11/2022
Again, if you want to burn 6T coins, every single LUNC holder with coins on Binance will need to burn all of their money voluntarily, which is never going to happen. Happy to bet on it if you want (but no one will, because we all know it's a silly notion). It's being posted either to mislead people or out of pure hopium.

[2dogs]

https://twitter.com/bloombergasia/status/1569930802678431746?s=46&t=Ndh28hMVv0j4BQvxtx5OtQ

BREAKING: South Korea issues an arrest warrant for crypto firm founder Do Kwon as it probes alleged illegal activity behind collapsed stablecoin TerraUSD
https://trib.al/JMvoyWu

[Wawa2013]

https://twitter.com/bloombergasia/status/1569930802678431746?s=46&t=Ndh28hMVv0j4BQvxtx5OtQ

BREAKING: South Korea issues an arrest warrant for crypto firm founder Do Kwon as it probes alleged illegal activity behind collapsed stablecoin TerraUSD
https://trib.al/JMvoyWu

Terra Classic is going to zero soon with the news of Do Kwon's arrest, so it's unlikely that Terra Classic will recover and pump again. Right now
the price has dropped drastically, so if anyone is still holding Terra Classic, sell it immediately before it can no longer be sold. This makes us all
aware that Terra Classic is indeed shitcoins that are not worth buying, actually I expected it from the start when the price of UST and Luna collapsed,
I never trusted Terra teams again. But there are still people who believe Terra Classic will bring them big profits. Finally, those who are holding
Terra Classic panicked seeing the current situation, this is the importance of doing research and analysis correctly. So we are not wrong
in making decisions.

[NicNacCoin]

Terra Luna Classic we see was pretty pumped. Currently, the market is still at a good level, even if it has fallen a bit. However, it cannot be said how sustainable it will be.Since Terra Luna turned out to be a scam. Pumping now has made people panic a lot.But those who still have enough profit can think of selling because it cannot be said for sure whether the market will be stable.

[Xampeuu]

I'm happy what the team did to continue to pump Luna classic, I'm sure this is the beginning of the next pump, there will be the next pump to make Luna enter the top 10 ranking, based on data they have a large bitcoin stock so it will be easy to make Luna survive and skyrocketed again.

I'm not sure that the classic Terra Luna pump will go any longer, with the pumping that is currently happening it will definitely attract a lot of further prey, that's why everyone is careful in buying this coin, in order to avoid things that are not as desirable as last year.  .

I still have doubts about this shit coin, where there have been incidents, and there are still many people who believe in it. if for the long term I think it should not be done. if there is a small pump like yesterday, it is better to leave the market immediately, rather than later we will not get anything. use this coin for fun not for the main purpose of your investment, because it is high risk in my opinion, look at this time the price is back down to the bottom and it could happen it will get worse

[Pelana vreo]

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

The question is, how much liquidity is there to pump the price to $0.01
With the current supply, I don't think that price will be reached, unless, the trader's tax for LUNC trades is executed until the appointed time.

[Daltonik]

Almost synchronously with the South Korean court that issued an arrest warrant for Terra CEO Do Kwon, the company Apollo DAO, built on the Terra blockchain, announced that it was closing its positions in LUNC, saying that it saw no point in supporting the Terra Classic network.

Source: https://cointelegraph.com/news/apollo-dao-to-close-vaults-on-terra-classic

[bounceback]

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.

I think it will be very difficult for a project that is already involved in a legal case to have a better price in the future especially the price you would expect at $0.01-$0.01 looks like that price will never be reached for LUNC with the current issues because projects like this tend to be slowly abandoned by investors.
Don't expect for a bigger return with this project if you already made a small profit from it then just sell it and take a profit.