The Return Of Terra Luna Classic

[Godday]

After what happened with Luna and Luna Classic, I think many investors have lost their faith in LUNA.

Even changing the name is a very bad idea. Maybe it's good for some other projects that didn't crash like Cocos who had rebranded to COmbo, But Luna went with that name change as if they wanted to repeat the same pattern. No one would believe them if they didn't solve their old problems.

But thank you for giving me the information that Luna will be rebranding 

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[Yamifoud]

I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

It is better not to continue their plan, they only ignored and wasted their efforts.

[Kavelj22]

I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

I do not see that changing the name will be useful in restoring consideration for this currency, regardless of the size of the development on it. What happened with Luna Network was not an accidental event that any project might go through. The size of the losses caused by the collapse of Luna was catastrophic and caused a general recession in the crypto market due to the decline in user confidence in the blockchain in general.

Yesterday, Binance has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round, which contributed to raising its price by 3%. Perhaps this is what brought this currency back to the fore, but it does not mean that confidence in it has begun to be restored.

I am one of the enthusiasts to completely abandon all the currencies that were connected to the Luna network and hold the developers responsible for what happened last year.

[TheSpiral]

After what happened with Luna and Luna Classic, I think many investors have lost their faith in LUNA.

yes no body want to hold luna now and Its become memecoin.  its very hard to create faith after giving big loss to people. There is so much competition in Crypto and project have to be secured and doing there best to be on top so that investors took interest otherwise everyday dozen of tokens launching but very few took place in top hundred.

Even changing the name is a very bad idea. Maybe it's good for some other projects that didn't crash like Cocos who had rebranded to COmbo, But Luna went with that name change as if they wanted to repeat the same pattern. No one would believe them if they didn't solve their old problems.

changing name for luna will not work as they either failed or scammed people and both are very bad for crypto business and especially second one is worst situation. i didn't seen any change in price after this news which show that no body is interested in this project more

[lobo13hf]

I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

It is better not to continue their plan, they only ignored and wasted their efforts.

thats true its just better to forget this coin, so much loss has been incurred, its better to seek other project if someone truly wanna invests for good.
after all there has been so many good quality project out there released after luna collapse in which significantly better in many aspects and one of them is that it didn't scam.

[shinratensei_]

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

[AmoreJaz]

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

[LogitechMouse]

In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

[Vickysagar]

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

I don't understand that too, but I don't understand how people fall for the even more obvious scams, but they do. So all we can do is just do the best for ourselves.

[Xal0lex]

I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves  “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

[Silberman]

I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves  “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

Greed is a powerful drug, they see the current price of Luna and then they see the price it reached at its peak, and they think that even if they buy a small amount of it now, if Luna were to make a comeback then they will become millionaires by investing just a few dollars, so some people keep speculating that it could make a comeback as it is on their bests interests that it does, however after the debacle it suffered I would say any hope for a recovery is wasted on that scam coin.

[Xal0lex]

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

Greed is a powerful drug, they see the current price of Luna and then they see the price it reached at its peak, and they think that even if they buy a small amount of it now, if Luna were to make a comeback then they will become millionaires by investing just a few dollars, so some people keep speculating that it could make a comeback as it is on their bests interests that it does, however after the debacle it suffered I would say any hope for a recovery is wasted on that scam coin.

Unfortunately, this is true. I see similar naive reasoning in some users. They think that if they buy a heavily depreciated token now, there is a chance that when LUNA returns to its pre-fall prices, they will get fabulously rich. Except that history does not yet know of a single case where an altcoin lost 100% of its value and then rose back up. It happens only in investors fantasies.

[Marykeller]

The reason why the developer is really like to change the name is to make people forget about the failure of Luna and convince people to buy this coin. But it's not as easy as that because people aren't that stupid to buy the coin from failed project.

It would be stupid of them to believe that giving themselves a new name will help people forget the suffering and losses they caused them the previous year.

I counted myself among the investors who lost money with the Luna coin. Finding out about their new initiative to relaunch the coin under the name "Terra Classic" is like touching people's scars from healing

I don't think there's any chance the coin will be successful in the crypto market because those investors that got their investment rug pulled from their project last year would never give a good recommendation about the project to other investors. It will always be a bad recommendation for other investors to be aware of their past evil deeds.

[shinratensei_]

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

thats true and what i've been thinking honetly, people are quite literally just trying to get themselves falling in the same hole twice which might sounds ridiculous but honestly
thats what really happening nowadays.
imagine investing in something that have caused you massive loss and that being done purposefully and still having faith in the project that sounds like oblivious blind faith honestly towards the project.
just move on and invest in some other thing that significantly better, there are most certainly many of them with better innovations and overall in every aspects.

[Blitzboy]

In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

Once trust has been broken, its true that rebuilding it is a difficult uphill battle. Rebranding efforts remind me of a phoenix trying to emerge from the ashes of a doomed undertaking. Does it eventually rise again? Skepticism, on the other hand, helps keep me rooted in reality. It's like developing a new version of a low-rated film and wondering whether people would still go see it. This latter option is the one I like.

Let us not, however, write off all hope for development and alteration. Even though the odds are stacked against you, you should never give up hope. Newcomers to the crypto space, however, may not be as wary since they have never been hacked before. This might give the renamed enterprise a false sense of legitimacy, but eventually the reality will come out.

The likelihood of a successful return seems about the same to me as that of a poor romantic comedy. Keep in mind that, in crypto as in life, it is essential to grow from your experiences. If the stove has ever burnt you, don't use it again no matter how much you think it has been improved.

[Dave1]

I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves  “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

I guess who spoke about it is trying to hype the project again, they could be related to the devs on someone from inside.

But yeah, it was a traumatic experience for some of us, because of the actual collapsed, Terra Luna has reported that they are heavily investing on bitcoin as well as a hedge and put in on their balance sheet.

But this is just a front as they collapse bringing down all investors with them that they might have bankrupt the majority of us here.

[Husires]

History teaches us that any currency that went through a hard fork, the resulting fork will be worse. Look at what happened with Bitcoin Cash, at first they performed well and soon their value became closer to zero.
Terra Luna had a problem that led to the collapse of the price, and therefore all the resulting forks will be worse because they are cosmetic solutions to a basic problem that the currency suffered from, and therefore the best investment you will get is that you will get a good profit in the short term, and a big loss in the long term, and we are here talking about the best scenario .

[Bobrox]

Seems there are not any one cares with return of Terra Luna Network, after scamming many investor and coins price dropped drastically there are never has second chance for Luna network back to higher price and investor want to make second mistake. Its seems possible has chance for Luna network coin back to higher price because difficult to get investor trust after they loss much investment after investing in Luna network coins.

I don't think good ideas with publishing the return of Luna network classic because investor has loss faith for investing in this coin, actually never has any coins get second chance up to higher price after dropping drastically. Have been dilemma for many investor won't spent their money to the same coins has chance for losing again although one day later Luna network will manage by the other owner.

[Silberman]

In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

Once trust has been broken, its true that rebuilding it is a difficult uphill battle. Rebranding efforts remind me of a phoenix trying to emerge from the ashes of a doomed undertaking. Does it eventually rise again? Skepticism, on the other hand, helps keep me rooted in reality. It's like developing a new version of a low-rated film and wondering whether people would still go see it. This latter option is the one I like.

Let us not, however, write off all hope for development and alteration. Even though the odds are stacked against you, you should never give up hope. Newcomers to the crypto space, however, may not be as wary since they have never been hacked before. This might give the renamed enterprise a false sense of legitimacy, but eventually the reality will come out.

The likelihood of a successful return seems about the same to me as that of a poor romantic comedy. Keep in mind that, in crypto as in life, it is essential to grow from your experiences. If the stove has ever burnt you, don't use it again no matter how much you think it has been improved.

No matter how much I think about it, a triumphant return of Terra Luna seems like an impossibility to me, it is true that newbies being ignorant about the past may invest in it thinking they are investing in a great coin, but no one that formed part of this market when Luna collapsed will take their risk with that coin, after all even if there are many people out there which love to take massive risks they have their limits too, and Luna is a coin that has a massive risk attached to it and the ROI is simply not there.

[Xal0lex]

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

I guess who spoke about it is trying to hype the project again, they could be related to the devs on someone from inside.

But yeah, it was a traumatic experience for some of us, because of the actual collapsed, Terra Luna has reported that they are heavily investing on bitcoin as well as a hedge and put in on their balance sheet.

But this is just a front as they collapse bringing down all investors with them that they might have bankrupt the majority of us here.

The project brought losses to many investors, they filed lawsuits against them. It is clear that now the developers will try in every way to save the project, to attract some liquidity and somehow cover the losses. Now there is only speculative interest in the project, its utility, as a separate project, is completely dead. In the crypto industry, it is easier to open a new project than to try to revive an old one, which has a lot of problems, including legal ones.