Previously I only knew about Terra and had never traded on any exchange. But after there was a serious incident that caused the price to drop by almost thousands of percent, I just kept quiet and couldn't say anything. It's hard to believe what has happened, especially for Terra holders and those who have just bought Terra, they must have experienced very heavy trauma.
What happened to LUNA is a lesson for all of us, that we must be careful when investing in crypto. That is why the South Korean court has declared
Do Kwon as the founder of LUNA guilty and issued an arrest warrant. Because it is very visible that there is manipulation of LUNA prices, which can
fall very deep suddenly and harm many investors. It has definitely traumatized some LUNA holders, and some have even decided to stop trusting
crypto anymore. The effect of the fall in the price of LUNA is indeed very large on the crypto market. Some investors panicked and sold all
their cryptocurrencies, thereby making the market situation worse. My advice is to diversify when investing in crypto, to prevent us from losing our
money entirely. Because if we invest in several coins, if there are projects that end up experiencing a very deep decline or even projects that become
scams, we can still profit from other projects that we have.