It's shocking to see how Luna turned out to be a worthless token within a week. It was reported that dozens of people committed suicide over the past week due to this horrible price incident. So let hear from the experts in the forum.
Do you think Luna can still recover from this price menace? If yes, for how long do you think it will take Luna to recover? And if you think it will not recover, what is your advice to the investors? Over to you guys.
Luna didn't just crashed, it actually evaporated and its gone. DO not imagine for a second that it will ever recover, reality is that its fully gone and will never recover. We have seen death of a coin, and it was always known.
Anyone who has invested into any other algorithm stablecoin before would know that the system doesn't work, sure the "logic" of it may look solid, but if you use enough money then you could take all of their money and make their stablecoin go down, so the algo fails when put more money than the system has against it. If you knew this, you would have stayed away from it and that is what I did, I learned my lesson a year ago, so this wasn't new.