Quote from: agustina2 on September 17, 2022, 10:58:49 AM

Quote from: albon on September 14, 2022, 07:00:15 PM

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

LUNC is up by 20% as of this writing. But don't be deceived by it thinking the arrest of its founder is not that giving a big impact on its price.

It's just that many traders are still playing in their market since the volume is still interesting.

In the long-term, the arrest of the founder will have a bad effect if there's no good progress happened on the way.

It's good to still trade LUNC up to this point but to hold it for long, no way.

It is very suspicious that the price of LUNC increased after the news of Do Kwon's arrest, the price of LUNC should have gone down with the news.
What happens now that the price of LUNC suddenly rises, it is clear that there are parties who take advantage of this situation for certain purposes.
So I really have to be careful with LUNC, for me it is very clear that someone is manipulating the price of LUNC, so I choose not to invest in LUNC.
But as you said if we really want to take advantage of this increase for trading, it's not a problem. Most importantly, don't even think about
long-term investment in LUNC, because there is a possibility that in the near future LUNC will actually be a very deep dump. Just waiting for people
who manipulate the price of LUNC to do dumping, if that happens the LUNC price will definitely fall very drastically and probably won't recover again.
So if we trade LUNC and have made a profit, immediately sell it before the price dumps.