Quote from: Abiky on Today at 01:26:22 AM

Quote from: tvplus006 on May 20, 2022, 01:34:06 PM

You should understand that the value of Luna can never go back to $100. Even the price of $1 looks unrealistic, since at this price, the capitalization of Luna will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.

Never say never. Dogecoin was once thought to never cross the $0.01 range, because it was taken by many as a joke. Right after Elon Musk started hyping it, DOGE's price rose all the way up towards the $0.50 - $0.60 range. Who would've thought this would happen with a worthless coin like Dogecoin? The same thing might happen with LUNA if the community does the right thing.

But the thing is, is there anyone willing to risk their reputation hyping Terra (Luna)? I am hoping that it will recover soon but with the current updates and news, the possibility of recovering is getting more difficult now that the Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets[1]

Quote from: Abiky on Today at 01:26:22 AM

It's not about Do Kwon (Terra's CEO), but rather about decentralization.

It has something to do with him because he controls Terra(Luna)'s assets.

Quote from: Abiky on Today at 01:26:22 AM

The community is the one responsible for the future direction of the project.

The one who controls the asset of the project is the one responsible for its future direction. The community already poured millions of dollars of investment into this company but it fail because the leaders behind the project are incompetent. If only the community are the ones who dictate the future direction of a project then we can never see any failed project in the crypto sphere.

Quote from: Abiky on Today at 01:26:22 AM

If people in the community work together, they can help restore LUNA's confidence among mainstream investors and traders alike. Of course, investing in crypto does come with its risks. As long as you don't invest more than what you can afford to lose, you'll have nothing to worry about. Just my thoughts Grin

If there is a community takeover then will the people behind Luna transfer the remaining asset to the community? I bet no. Will Luna recover? Most community takeovers just bring a brief hype but later on die because of a lack of funds talent/skill that can keep the project running. So a community takeover can possibly create another investment loss for the investors.

[1] https://news.bitcoin.com/korean-police-ask-crypto-exchanges-to-freeze-luna-foundation-guards-assets/