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.
Terra Luna It has actually reduced people to beggarly ways.I myself was an investor in it. I invested by buying Terra Luna at the highest price. I bought Terra Luna when it was $97.But this project made me very destitute.No matter what people say I say never pump this coin. Actually it was scam scheme.Since you bought it at a very low price, you have a lot of profit. But you can sell the profit you still have.I don't see any possibility of pumping this coin.
I'm sorry to hear that you invested in this coin when the price was completely out of control, however you are completely right, if someone was able to buy at an incredibly low price once the developers showed their true face then they can speculate with the price if they want, but most people should stay away from Luna because if they don't then it is likely that something similar to what happened to you will happen to them, and I don't think that is something they want for themselves.