Terra Luna Classic pumping - can it last?

[JamesDaniel90]

Still holding onto the 3 million Lunc I have - I maybe should have sold more at 0.0005 but I wasn’t sure if it was going to go up or down at the time.

Will see how things go over the next few days and if we get back up to 0.0005 again will sell more and put profit into Bitcoin.

[dlightag]

Terra Luna Classic pumping has been a normal thing that every investors are all expected, because the clash in price was something else, which in less than 48hrs trading chart was 100% Dip from the market, which many traders and investors lost there funds, Therefore the recent price pumping, is a gradual process of pull back to cancel some zeros.

[serjent05]

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

After the news about the arrest warrant of Do Kwon is issued by South Korea, this question can be answered as unrealistic for now.  With the warrant of arrest issued against the Terra Luna founder, the remaining trust put on the project will diminish.  I believe only speculators, gambler and whales who wanted to take advantage of naive investors will be the only ones remaining to trade this token.  The Fundamental of this coin is literally shattered since who would "long" on this kind of cryptocurrency? 

Still holding onto the 3 million Lunc I have - I maybe should have sold more at 0.0005 but I wasn’t sure if it was going to go up or down at the time.

Will see how things go over the next few days and if we get back up to 0.0005 again will sell more and put profit into Bitcoin.

You should have sold your holding when it reached $0.0005.  This time it will be a pure gamble to your side holding that amount.  I do hope that you can sell it on the price you wanted it to be but I think it will be a bit difficult now because the situation isn't the same as when LUNC hit $0.0005..  But well pump needs no reason to happen so who knows, just make sure to sell if you reach your sell target this time.

[Russlenat]

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.

Terra Luna is only pumping due to hype but when its over, expect that its price will gradually drop again and become less valuable. Well, this is just my own speculation about this coin, i may be wrong in the end. But in most cases, it hard to see sustainable growth when you are investing in a meme coin or a shitcoin, unlike in bitcoin there's always a guaranteed and proven growth that appears when the market recovers.

[Viscore]

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.

Well, any coin can be seen pumping at the moment and end up dumping in the end. That's mostly happening in the crypto space, but as a friendly reminder, expect that a single coin will never move up the whole time as there will be chances of dropping its price especially when the market uncertainties are seen. If the coin has huge potentials, it will always sustain its pump regardless of the market events.

[BRINIRHA]

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.

[JamesDaniel90]

Hello all - I still hold my 3 million Luna classic but things are not looking good lately.

I took out 25% of my investment at 0.0005 and maybe I should have took more but it was the first time I had experienced a 5x in crypto so wasn’t sure at the time what was best to do.

If we do find another pump to 0.0005 I will take out the rest of my investment at least and probably some profit too as things do not seem to be going the way many had hoped for this project and I am starting to feel I may as well take some profit and put it into better coins.

[CapGelatik]

it's just temporary increase in value in which created out of thin air, I think it will definitely not lasts since luna hasn't gotten any real investments ever since the day that it loses majority of its value few months ago.
moreover luna is just all speculation from the ones that wanna make some quick profits I think it isn't really wise investing in luna for long term since it will definitely bring low returns at the end of the day.

the characteristics of a scam project are Pump and Dump, and Terra Luna is one of them, this coin has been abandoned by the developer of course this is a scam,
yes even though CZ says that he supports Terra Luna outside the context of the founder, I think both Terra Luna Classic and Luna are still a scam project,
and look at the market now, having gone up 40% more Luna Classic is down more than -40%, yes this is clearly a scam.

[bittick]

surely the increase in value won't last like any other organic bullrun, after all luna classic increase was created purely out of some random trend like meme coin and everyone wanna liquidate their luna altogether considering that currently there's no real benefits in having luna as investments, instead it's just become the shitcoin used for speculation so of course the increase in value will just become temporary.

[TribalBob]

when one coin has a very drastic drop I find it difficult to pump to its initial value before the dump.
my advice when you get a profit it's better you just sell it and switch to another coin, because with the current condition LUNAc will not go up again from the current price

[BobK71]

when one coin has a very drastic drop I find it difficult to pump to its initial value before the dump.
my advice when you get a profit it's better you just sell it and switch to another coin, because with the current condition LUNAc will not go up again from the current price

Naturally, it is understood that Luna has already undergone a pump event. So at this point the chances are very low to go for another pumping event. It will definitely take more time. Although occasionally Luna is trying to pump up a bit. If one wants to take risk then one can invest some amount and hold it for long time. If the market condition is reached in better position then it may give you good profit.

[abel1337]

when one coin has a very drastic drop I find it difficult to pump to its initial value before the dump.
my advice when you get a profit it's better you just sell it and switch to another coin, because with the current condition LUNAc will not go up again from the current price

If you luckily gained some profit on a falling coin I agree that not going back or buying back again would be a good move knowing that having a significant drop on it's value is connected on the project fundamentals like what happened to LUNAC. It's never a good move to catch a falling knives just to risk yourself for some profits. Terra is facing a heavy problems right now and it would be better to just invest on other coins to lessen the potential risk on losing. We all know where Terra is headed today, It would be a common sense.

[kesmex]

Terra Luna Classic gets support from Binance, of course this makes good news and makes Terra Luna Classic experience a Pump,
but indeed the whales are the ones who control it, we don't know what will happen in the future, but we know how Terra Luna is now.
Yes I'm sure everyone knows, and the choice is yours.

[maknyos]

I'm not too sure this will last long because as we can see there are many rumors circulating that the CEO of the project is being chased by the police so that if the CEO is arrested it will automatically affect the price of Lunc. I can't guarantee that Lunc is very unsafe to invest in long term because if any bad news comes the big whales will throw Lunc and you can learn from what happened in the first beginning.

[StreakW]

No one knows for sure how far the chances of the price of Terra Luna Classic can reach $0.01 or $0.10 in the future although in the last few weeks LUNC has increased by 60% but the price has not increased significantly. Therefore, it is better to hold on for the long term because LUNC is trying to implement a burn system so that LUNC has the potential to experience significant price increases again in the future.

[serjent05]

Hello all - I still hold my 3 million Luna classic but things are not looking good lately.

I took out 25% of my investment at 0.0005 and maybe I should have took more but it was the first time I had experienced a 5x in crypto so wasn’t sure at the time what was best to do.

If we do find another pump to 0.0005 I will take out the rest of my investment at least and probably some profit too as things do not seem to be going the way many had hoped for this project and I am starting to feel I may as well take some profit and put it into better coins.

You could have sold all but well it is your decision, at least you already got your investment back (if you happen to buy before it goes up to 5x) and some profit.

At the current price of Terra Luna Classic, I think it will take some time before it goes back to $0.0005 again that is if there is another group to pump the price. 

No one knows for sure how far the chances of the price of Terra Luna Classic can reach $0.01 or $0.10 in the future although in the last few weeks LUNC has increased by 60% but the price has not increased significantly. Therefore, it is better to hold on for the long term because LUNC is trying to implement a burn system so that LUNC has the potential to experience significant price increases again in the future.

With all the scandals and confusion plus the total number of Terra Luna supplies, I don't think it will go up to $0.10 unless the team managing the token pump it hard.

[bittick]

Terra Luna Classic gets support from Binance, of course this makes good news and makes Terra Luna Classic experience a Pump,
but indeed the whales are the ones who control it, we don't know what will happen in the future, but we know how Terra Luna is now.
Yes I'm sure everyone knows, and the choice is yours.

luna classic increase never lasts long, the pump itself is short lived mainly because most holders aren't really trusting luna anymore. moreover they all already know that eventually the whales will make a massive sell off to the luna and these increase are just some kind of illusions. even the supply of luna already reflect the circumstance that it's gonna be in, it will never reach its former value ever again.

[Uruhara]

Today LUNC experienced another increase. because in reality there are still many who believe and speculate that the Burn Tax will make LUNC continue to rise even if slowly.

this is very high risk. because news about its founder is bad news. but looking at the LUNC market condition, it's even positive. something is opposite at this point. so we have to be more careful. if you want to force entry. then use the money that is ready if you have to lose a lot. Binance does support the Burn tax which triggers price increases. but still very high risk. because the price movement became so wild.

[BobK71]

Terra Luna Classic gets support from Binance, of course this makes good news and makes Terra Luna Classic experience a Pump,
but indeed the whales are the ones who control it, we don't know what will happen in the future, but we know how Terra Luna is now.
Yes I'm sure everyone knows, and the choice is yours.

luna classic increase never lasts long, the pump itself is short lived mainly because most holders aren't really trusting luna anymore. moreover they all already know that eventually the whales will make a massive sell off to the luna and these increase are just some kind of illusions. even the supply of luna already reflect the circumstance that it's gonna be in, it will never reach its former value ever again.

It is never possible to go back to the previous position due to circulation is massive. Also, I don't understand how Luna's price can go up so quickly at a time when Luna's CEO is going through various legal complications recently. It also pumped today. But this kind of situation is happening again and again in the case of Luna, why? Many believe that this is how big whales want to turn Luna into a big hype. Which will again be a cause of loss for general investors. So don't be hyped unconsciously.

[Tony116]

Terra Luna Classic gets support from Binance, of course this makes good news and makes Terra Luna Classic experience a Pump,
but indeed the whales are the ones who control it, we don't know what will happen in the future, but we know how Terra Luna is now.
Yes I'm sure everyone knows, and the choice is yours.

luna classic increase never lasts long, the pump itself is short lived mainly because most holders aren't really trusting luna anymore. moreover they all already know that eventually the whales will make a massive sell off to the luna and these increase are just some kind of illusions. even the supply of luna already reflect the circumstance that it's gonna be in, it will never reach its former value ever again.

It is never possible to go back to the previous position due to circulation is massive. Also, I don't understand how Luna's price can go up so quickly at a time when Luna's CEO is going through various legal complications recently. It also pumped today. But this kind of situation is happening again and again in the case of Luna, why? Many believe that this is how big whales want to turn Luna into a big hype. Which will again be a cause of loss for general investors. So don't be hyped unconsciously.

Getting Lunc back to the old position of the old Luna is a near-impossible task.
Did you hear about binance announcing support for burning transaction fees for Lunc? I heard the number of burned lunc will update weekly and last until the notice to stop, this seems to be Binance's attempt to save Lunc. That is the main reason for Lunc's recent strong growth, not any pumping by the whales here.

While this is good news for the launcher as well as anyone holding a Launcher, we don't know how long binance will support it. Once they announce end of support will be extremely bad news for Lunc, so still have to be careful with Lunc.