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.
I would admit that the LUNA's downfall has created fears in the market especially for those newbies who are only thinking about money making, and this scenario gives them a big lesson. However, i don't think that this will totally scare away all those who plan to invest in crypto because not all coins have the same fate with LUNA, others have succeeded while some ended up in zero value. Just like bitcoin, no one can tell that this could survive even a decade, but here it is right now, still standing firm and its far happening from its downfall. I guess its a matter of positive mindset and the right choice of coins.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.