Big Risk Buying LUNA While LUNA Collapses. So Why Did I Buy It?

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Terra (LUNA) and UST have been having a major problem for about 10 days. UST is far from $1 and LUNA has dropped to almost zero. A roadmap has been presented to revitalize the Terra ecosystem, but UST is not in this roadmap. According to Terra co-creator Do Kwon, UST is nearly impossible to recover, but says LUNA has a chance to be saved. But they are considering distributing 400M LUNA to UST owners. Likewise, they plan to distribute 400M LUNA to LUNA owners.

luna14052022.png

LUNA, which was $119 last month, dropped to $0.00000112. This major crash has demoralized almost everyone in the crypto market and almost everyone is upset. LUNA is currently trading at $0.00033. Although a very small recovery is seen on the daily chart, this is far behind expectations.

luna2.png

I checked the 5-minute chart to examine the behavior of the traders. LUNA came close to $0.0006 but it seems that it was rejected and fell back from there. It is currently trading around $0.00033.

Better to have a roadmap to revitalize the Terra ecosystem than not to have it. But I think better solutions could be offered without increasing the LUNA supply. I've always hated when the supply of an asset goes up, I think a scarce asset often works out better. I'm not an expert, but I think it would be better if they could launch new products without increasing the LUNA supply, according to my logic. We'll have to wait and see if increasing the LUNA supply and distributing LUNA to asset holders might be the solution.

Whatever is done, I think there is a great need for the support of the community to revive the Terra ecosystem. In other words, no matter how good or how bad the roadmap is, the support of the community is very important. No problem will be solved without community support. This shows how important it is to consider the opinions of the communities.

That's why I love being on platforms and projects that do community-focused work and care about the community. Whether Terra can do that, I don't know at all right now. I don't know if Terra can be successful in this roadmap. When there is too much uncertainty there is a great risk. I usually stay away from big risks, but sometimes I take risks with small investments.

Investing in LUNA is a big risk right now and big risks can result in big losses. My advice is to avoid big risks, or risk as much as you can lose. After all, your money can be garbage.

There are so many people losing money on Terra, and I just want to say that I'm really sorry for them. There are so many people losing money on Terra, and I just want to say that I'm really sorry for them. I want LUNA to rise for people who have lost their money. I hope the roadmap works for them to recover their losses.

So why did I buy the LUNA? I bought some LUNA with a very small amount of my money and this money is very likely to be garbage. It's a big risk, never do this. I'm likely to lose this money, it's not a significant amount for me anyway. I won't be sad if I lose. My goal is to support LUNA owners who are going through very bad times. I thought that by having some LUNA, my support would increase for it to rise. I'm willing to lose this money, my only wish is for people who are going through hard times to get through these difficult days. It is very sad that innocent people pay for the mistakes made by a few people by losing money.

I do not give financial advice. My posts are my personal opinion. You should do your own research before investing.

Do you think LUNA can be saved? Or will it be garbage?

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You know, here at Leofinance we often talk about the need to be patient, I tend to wait. Yes, I feel the same way about the money that I invested in this coin, if it's garbage, then garbage, if the moon, then ... the moon!)

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In such cases, I prefer to wait patiently. Panicking increases the likelihood of making mistakes. It's best for me to stay calm and watch what's going on.

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It is difficult to think positively of Luna, I hope whatever plan they are having to remedy the situation works. I doubt it will work but, hope am wrong.

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It's better to have a plan than nothing. The problem is very deep, the solution is very difficult, but I think there are better ways to solve it, but I think they chose the easy one right now. In fact, whatever the plan, the community will decide the outcome. It is very difficult to rebuild trust, my only wish is to get through these bad days.

Those responsible for this collapse must make a clear statement!

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I think it will most likely be garbage for a few reasons. First, they never mentioned what they are doing to prevent such attacks and how they will secure the network while providing value. Second, trust is gone and it takes years to build it up. So it will end up being a token that will require years to build up if done correctly.

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I am fully aware of that, the chances of survival are very slim. Better steps could have been taken and I don't know if they will do it in the future. As I mentioned in the post, having a plan is better than nothing. Trust is easy to break, very difficult to build. The losses are unfortunately very big, people have lost a lot of things.

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At least you didn't buy the dip and catch the falling knife so I think the risk itself is far lower compared to some of the earlier investors.

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The risk I take is very, very low. It wouldn't be wise for me to take big risks in this situation. That's why I've emphatically stated this in the post.

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