Did these morons actually sell their BTC for their stable coin which was going down in flames and still not manages to keep it afloat?
Why didn't they let it go all the way down and then buy it back when there was no more printing involved?
Yes, they buy more UST, one of the major problem of Terra Foundation Guard is because of their stable coin which is algorithmic stables coins which was not stable but unstable coin, it is not new that algorithmic stables coin are problem and that people do sell more in bear market and lead to it to be an unstable coin, they still created it and what was expected happened, I do not know what they call the problem but it would have been better for them to have just gone just for Luna or not have gone for algorithmic stables coin or they should not have made it algorithmic. After creating the shit stable coin, it brought up problem and they are just trying the take a pig from a dirty place to a clean place, but a pig is a pig.
Sir I just posted it here to get advice from experienced guys that whether it's good to invest in LUNA at the moment or not? Previously we have seen many coins coming back to original prices after falling to ground. Still efforts are there to revive LUNA.
People that invested on the coin at $1 are now regretting it, some people can invest and make profit from it, but know that it is extremely risky to invest in coins like Luna.