Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.
Never give advice or take advice. That's the ultimate Golden rule.
I mean it's your money, why to see someone who doesn't care about your money.
In this case the fault is of the friends who took advice from your friend. What if LUNA has never fallen, and they have got 10x profits ? Will they share the profit with your friend.
And a small tip to all the investors including your friend's friends. Invest what you can afford to lose.
Else Later period of time. You will cry on your decisions.
Hope this helps you Op to understands the situation better.
That's very good point mentioned.
Even if you take advice of someone - do your research and take appropriate measure accordingly. Never trust what people say - use your mind to and decide wisely.