Terra Luna Classic - Take profit or hold?

[WalkerIVIV]

Tera Luna Classic seems to be pumping a lot at times. Maybe the project is trying to move forward and they are giving good news one after another.But a fear has crept in people due to which they are not investing here mostly and those who are are investing for short time.But you can invest here for short time but I never suggest you for long term investment.You can profit here but not hold.

It's pumping and dumping again so what's difference? I see that if the price of luna is very stagnant at this moment. This token is not even worthy to hold. Daily trade still make sense rather than using it as long term investment. I will not even agree with it. It seems like that if it gonna be the worst thing for sure. It's just matter until luna dump again. Luna has no chance to go up like what happened in the past. it's dead right now.

[goinmerry]

I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?

You already see what happened to Terra Luna Classic. People are not against them but they just want to give good advice to those hypesters thinking the price will reach $1 or even close. They just want to wake up those people who are still under that belief.

Since you consider investing in this coin even after its big collapse and putting a decent amount at it, I'm sure you are also hoping for that $1 price even though you have mentioned that you're not. For taking profits, I think you just need to test some strategies until found a working one.

Don't expect advice coming from holders because they will just hold no matter what hoping to reach their dream price to achieved.

[GreatArkansas]

(....)
I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?

I sold immediately my holdings especially before right away when I got the forked altcoins.
Me, I cannot trust again the project, I lost too much on their stablecoins, it's their biggest mistake. So for me, it's really difficult to trust their project again now. The damage has already been done.

[wxa7115]

I agree taking profit soon is best way however it almost reached $0.0006 a few months ago so if it can get there again for me would be good return.

I am hoping it will reach $0.001 however not sure how long that will take but that would be a 10x for me so may be worth waiting for.

If I were you I will sell enough Luna to recover my initial investment, even at the current price it seems you are in profits so this can be done immediately, that way you will not have to worry at all about the future of Luna as you will at least in the worst possible scenario get your money back.

I say this because I do not think there are too many chances Luna will move in the way you want, and if anything things should get worse and its price could start to dump once again, as I do not see how it could begin to go up in value when everything is against it.

[ethereumhunter]

Hi all

I only took out $100 at $0.00052 as I thought we would carry on rising and did not want to cash out too soon.

It was a 5x at the time so I now realize I should have at least took out the $400 I put in.

Have only been in crypto 6 months and this is the first time I have had any profit above 3x so wasn't sure what was best to do to be honest.

I see it has done well today with a 12% pump but not enough for me to cash out any more of my investment just yet.

I will hold for now and hopefully we will have another pump soon, it is just taking a while seems to be steady around $0.00029 mark.

You've done your best for now because you've already taken some of your profits. And it may require more patience to wait for the price to increase and even reach your desired price target.

Maybe the coin will be stable at its current price for a while because we don't see any significant movement from bitcoin yet, making the market look slow. And if the next pump comes back and looks bigger than before, it might be a good time to sell some to take your profits.

[FinneysTrueVision]

A few hundred dollars isn't a very significant investment. It is still a very risky investment considering their history. The Luna Foundation isn't very trusted. I don't see enough upside to hold this coin as a long term investment.

[BobK71]

Many are anxious to make new investments in Luna. They don't know what to do. It is natural to think like this especially after such a big scam. Some believe that the current lunar pump is essentially a manipulation by whales. They will try to dump it by increasing the price a bit. Moreover, many have expressed their concern as to why the price of Luna is increasing after the CEO is in legal trouble. So one should never invest without understanding well before investing. But if one wants to take risk cautiously that would be better.

[bounceback]

Maybe it would be better if you are willing to always take advantage of your investment at every opportunity because at this time we all know that the Terra project is dealing with the SEC so we can't predict easily whether the Terra Luna coin will have a better value or the project will eventually die in the market, don't expect too much from them, always prioritize portfolio diversification with the right choices so you don't experience losses later.

[kesmex]

Terra Classic or LUNC can indeed be said to be one of the projects with great potential to reach 100x,
but LUNC also has the potential to dump to zero, because we know the problem at Terra LUNA is very serious,
Do Kwon the founder of LUNA has also become a fugitive, so according to me if you buy LUNC make sure you have to monitor it every day.

[tvplus006]

...I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?

A coin that has been subjected to such a dump will never again be an object of investment for large capital. Now this coin has turned into a dummy, which is maintained for the sole purpose of pump&dump. Therefore, if your position is in profit, you should close it and invest in more promising coins.

[fuguebtc]

...I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?

A coin that has been subjected to such a dump will never again be an object of investment for large capital. Now this coin has turned into a dummy, which is maintained for the sole purpose of pump&dump. Therefore, if your position is in profit, you should close it and invest in more promising coins.

Everyone investing in it is expecting a big pump, I don't understand how they can focus on investing in such a bad reputation coin before. Meanwhile, we have hundreds of other potential coins in the market which can also give us a good profit. It seems like people prefer to gamble with their money rather than invest, with Lunc now, aside from bumping and dumping, it really doesn't have any use cases anymore. If someone wants to gamble for high profit then I think it is better to invest in memecoins like doge or shiba than lunc. It's all gambling but at least doge and shiba haven't fooled anyone before.

[adzino]

I have invested $400 in Terra Luna Classic since its collapse in June.

I cashed out $100 at $0.00052 when it pumped a few months ago meaning I have $300 left in it giving me 3 million at an average price of $0.0001.

Seeing how it has struggled since the pump a few months ago I am left thinking I should have cashed out more at $0.00052 but I am still holding now waiting for another pump.

The current price is $0.00029 and I am thinking of cashing in another $100 when the price gets back to $0.00035.

I was never one thinking it would reach $1 again , I am happy if it reaches $0.005 but even that is starting to look like a struggle as we have had lots of 'good news' lately and the price is going down not up.

I know there are a lot of people against Luna now but for those who are invested and holding , what is your plan?

Follow your own plan. Different people will have different plan based on their own finance situation. Some will want to take a risk, others will avoid taking any risk.

Do what you were doing. Keep taking small profits when the price starts to pump. The luna classic community seems to be very active and has a lot of support even from different centralized exchanges. And the yeah, the $1 "dream" won't be coming true anytime soon. They will need to burn a lot of supply and at current rate, it will take years!

[tbct_mt2]

Terra Classic or LUNC can indeed be said to be one of the projects with great potential to reach 100x,
but LUNC also has the potential to dump to zero, because we know the problem at Terra LUNA is very serious

LUNC can have a very good growth after all the massacre it did on its investors in May 2022. However, the journey to 100x is not easy and I am sure it won't be a rosy one. So if you want to invest in LUNC, please don't use all capital you have for it. It is a very risky investment but at least I consider it is not gambling. Personally I have some reasons to believe in it and don't consider it as gambling.

Do Kwon the founder of LUNA has also become a fugitive, so according to me if you buy LUNC make sure you have to monitor it every day.

Do Kwon won't be a reason for LUNC to have 100x growth and I don't count him as one of factors for my investment decision. I believe that community and exchanges will play very important roles to help LUNC to grow 100x, not Do Kwon.

Forget about Do Kwon if you are LUNC investment. If you think he has effects on LUNC, you will be panic and shake hands easily when bad news about Do Kwon released.

[lienfaye]

This coin already lost the trust of the investors after the dump that happened leaving the investors who put their money in it experienced a huge loss. Hence, I dont think Terra can recover again to its previous decent price since the people who trusted it before already quit.

In your case, it's up to you, if you want to continue holding this coin and you're confident it will pump again in the future then hold but better to not have high hopes. If it's me I probably pull out my money and look for other project that has more potential.

[BobK71]

This coin already lost the trust of the investors after the dump that happened leaving the investors who put their money in it experienced a huge loss. Hence, I dont think Terra can recover again to its previous decent price since the people who trusted it before already quit.

In your case, it's up to you, if you want to continue holding this coin and you're confident it will pump again in the future then hold but better to not have high hopes. If it's me I probably pull out my money and look for other project that has more potential.

Luna Pump is nothing more than a hype. Their burn mechanism may help increase the price a bit but that shouldn't make the price skyrocket. Some investors here think it could be $1 to $2 in the next 1 to 2 years for this purpose they are investing but is it possible at the moment. Absolutely not. But if the team want to reduce the supply through burning, it takes a long time.

[CuriousGeorge]

It's better if you are still taking your profit. There's no chance for this coin to go up again. The dev needs to burn trillions of coins to make it happen. Im feeling doubt if those dumb lunc suppoters were able to reach $1 for each lunc coin. They are drunk.
You can invest again when the price will be dumped again. Think about this rather than wasting your time. You can try to open position again.

[judaspriest]

if you ask take profit or hold it's better to just take profit, because we know that in crypto currency nothing is 100% successful,
even in the past LUNA was also predicted to be a competitor of Ethereum, but in reality LUNA went to zero and really made losers,
investors and traders I believe many have ended up here and no believe again in Terra LUNA.

[Natalim]

Better play it smart and cashout whatever you can take out of the market while you are able to sell on green zone. Otherwise, the next BTC market crash will destroy alts so the clouds will turn to black over small marketcap altcoins. My suggestion is to stop trading on lower timeframes of Luna chasing small profits, go sell Luna classic for USDT.

Even the next crash might be terrible but I couldn't lose hope for some of the altcoins. But if we talk about Tera Luna, certainly be right to sell them and make another choice of coins to hold rather than hoping for this to pump as it was very unlikely. It was hard by now to invest and hold stablecoins, decentralized coins are having more issues. I'd rather make choose of a highly volatile coins than these stablecoins. 

[blockman]

if you ask take profit or hold it's better to just take profit, because we know that in crypto currency nothing is 100% successful,

Nothing but bitcoin.

even in the past LUNA was also predicted to be a competitor of Ethereum, but in reality LUNA went to zero and really made losers,
investors and traders I believe many have ended up here and no believe again in Terra LUNA.

This is the truth about Luna, it was one of the most interesting projects in the market but with the fiasco that it made. Many investors have pulled out because it's not what they used to know. And the true colors of the developers came out and no one on Earth would trust that attitude of investors because they're only thinking about themselves. With the recent that I've seen about Kwon, it's said that he keeps on sending bitcoin into exchanges for him to dump it all.

[Onyacin]

I think it would be better to take out the original amount and hold the profit  if you think LUNC  will give better profitable result of in future. Meanwhile keep in view the overall Market situation &  try to buy at the dip.