Re: Will LUNA's downfall scare away investors from the crypto market?
This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.
there may be a feeling of fear, but not as big as the desire to get a big profit. The average person who buys crypto is aware of the risk of losing their funds, and they can compromise with that because their goal of buying is getting rich quick. You can ask friends or people you know. what is their main purpose of buying crypto like bitcoin, ethereum, bnb and others. most would say to get a big ROI. they know there are a lot of problems like scam projects, hacks etc and they think it's normal.