Quote from: seleme on Today at 09:16:52 PM

Quote from: FanEagle on Today at 02:42:41 PM

Quote from: fullhdpixel on May 19, 2022, 12:47:04 PM

You should not be sorry to say the truth. Anyone who still keeps their Luna should accept that they lost all of their investment. Something that worth 80k just 10 days ago, would worth less than a dollar right now, how could you hope for that to come back, to anything at all?

This is why it’s clear to me people who are still holding probably realized that, and just said why would I sell it for pennies, would not make sense, and just holding just in case, nothing more. This is not a horrible logic, because what will you gain if you sell it for 50 cents? Not that it will recover or anything, but doesn't worth even the fee you will spend on selling it.

There is a logic about not waiting for it to go down that much. There is a thing called stop loss that they could have used, which means that if the price dropped like 50% for example they would have been out. So in that situation, if you have 1 million dollars, it wouldn't be 50 cents anymore, you would have lost 500k and got out and you would be still fine.

I get that even 50% in that level would be a terrible thing but at least it is 500k that you would still be holding. There are people who lost so much money that they committed suicide because of this, just put a stop loss for this case, and put it on 50% or even 80% and you would be protected against these type of crashes.

There are cases in spot markets you can't get the order filled at the stop loss point since a stop-loss order is also new order in the market. If the lack of liquidity gonna happens, there is no chance to sell at the market price and slippage can go over 50% in rare cases. The Luna investors will not see a $1 price soon and it can take years to get a break-even point for them. Better to ignore this coin and take the loss, always taking measure of how much trader gonna lose is necessary.

In Binance huge people had loss their money,many people had thought. This Luna will going to change their life in good manner.But Luna had his real face in the very short time. Because loss is very pain to the investors. They will get into credits and face the ubnormal life.Such things should be omitted by choosing the best coin and stable for the profit with the minimum investment.