Quote from: Silberman on September 06, 2022, 02:12:27 AM

Quote from: JamesDaniel90 on September 05, 2022, 11:21:33 PM

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.

This kind of growth is going to be impossible to sustain, I'm happy that your gamble is paying off but that is all what you should think about it, it was a gamble and you were able to win it, you should not get so greedy to think that Luna classic is going to reach those kind of prices, be happy with the profits that you got and move on, now you ask why is this happening? But most likely there is not a specific reason for this, and this is simply the result of speculators pumping the price.

Terra Luna is only pumping due to hype but when its over, expect that its price will gradually drop again and become less valuable. Well, this is just my own speculation about this coin, i may be wrong in the end. But in most cases, it hard to see sustainable growth when you are investing in a meme coin or a shitcoin, unlike in bitcoin there's always a guaranteed and proven growth that appears when the market recovers.