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.
If they plan to invest into another new project, I guess that will trigger their decision either not to take the risk. But if they are focused on investing bitcoin and decide to stay away with new altcoins, most likely they will not be affected at all. After all, losing in the crypto market is always inevitable because there’s always risk involved even in bitcoin investment. But if you invest into proven and established coins, the chance to lose is very slim. 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.