Ninjastic
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Board Altcoin Discussion
Re: Will LUNA's downfall scare away investors from the crypto market?
by
Sayeds56
on 12/06/2022, 04:30:48 UTC
Quote from: Mame89 on May 17, 2022, 06:08:20 PM
Quote from: Jackl87 on May 17, 2022, 12:20:06 PM
Quote from: Abiky on May 16, 2022, 12:10:46 PM
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. Smiley

I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.
There is some investor Luna committed suicide because of losing a massive portfolia according to social media information. About investment must have the risk of being able to make a down or fear by not wanting to invest anymore. Behind the Luna investor disaster there is a lesson, that mental is the main for our souls not destroyed

It was very unfortunate that dome people committed suicide because of huge loss which they could not manage to handle and their depression reach to the level that they finished their life. I deeply feel sorry for them but we should always keep in mind that no investment is risk free and  markets are always very cruel so we should always use stop loss to protect our funds and I firmly believe that any trading or investing in crypto and stock market without using a stop loss is nothing but gambling.