I LOST MY LIFE SAVING LUNA: WHAT IS YOUR OPINION ABOUT TERRA LUNA?
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Hello friends across the world, how are you today? I want to encourage those that are affected by the current situation of Luna that you will surely get 10x in other areas. It is not that easy especially for people who invested heavily in Luna. It is bad news for them.
This is the first time in my life I have had a market situation of -99.9%. Luna is the talk of the day in the city.
I said to my friends, this is the best time to buy Luna because the price has gone down and Luna have not ever gone down like this before. I believe that Luna will rise in no time.
When some of my friends replied to my question, one of them said, “ I invested in Luna a few hours ago”
Some people believe that this is the best time to invest and make money in Luna while some also believe that it is a time total loss for them.
They believe that the coin will rise very soon. Though, I never asked them what triggered them to buy Luna.
So much is happening in the crypto market. Yesterday, I read in the news that Binance, one of the largest cryptocurrencies suspended Luna from trading.”
A few hours later, there was a news again that, “Binance may Luna to trade again”. I was surprised and began to think what kind of discussion could have confused them to change it?
Though, I never confirm the news, maybe it is true or not.
TERRA LUNA MAKES NAME
Luna is a popular coin but not like bitcoin and Ethereum. The recent situation of Luna has announced this coin to the world. There are traders and non-traders who never knew anything about Luna until the recent downfall of the market.
The situation of this coin announced the coin to the world and made it more popular.
I LOST MY LIFE SAVING LUNA
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Imagine, terra Luna is your biggest investment and you wake up early in the morning and you see -99.9%. What will be your response? What will you do? What will be your next action?
“I don’t really know what to do with this massive loss. Do I sell my Luna at this point in case it goes to zero or wait until something good happens?" Said Guese.
It is heartbroken, especially if you borrow money and invest in it. I wonder what such a person will do to recover the losses. Investment is a business; hence some people may borrow loans to invest waiting for the coin to grow before cashing out.
Terra Luna is some traders' life investment, and it is a kind of discouragement for new traders and others who want to invest in the coin.
After the big dip, my friend lost sleep overnight because Luna was his biggest investment. I knew this affected thousands of people who invested in Luna.
Let me conclude this article by saying:
Do not gamble or invest what you cannot afford to lose, be wise when investing in particular projects, and do your research thoroughly. When you are not sure of it, don’t invest the money you cannot afford to lose. The moment you lose such money, it becomes unbearable to you. I lost through gambling this year but I was not that affected because I understand the rules. Lot of people are traumatized due to the loss of money of which they cannot afford to lose.
Don’t put all your money on a project you don’t have in- depth knowledge about: make sure you know a lot of things about the project before investing your entire life in it. Just like many people have invested their entire life in Luna and turn to zero overnight.
If the current situation affected you, I believe you are not a loser. You will surely get your money back. It might not be from terra Luna but other coins. I believe Luna will try to come back strong.
Be strong and do not lose hope.
comment your opinion about Luna in the comment section
Tell me, maybe it is a good time to invest or not?
If it affected you, tell me how you feel
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It's really a very difficult situation, personally I didn't have money invested in luna but my portfolio dropped 48% in 1 day. I didn't sell anything because I believe in the portfolio recovery, as for Luna I think it's unlikely she will recover, in my opinion investing in her now is like playing the lottery, if it works it's a jackpot but most likely it's wasted money.
Excellent post.
I would like to vote oneup in your post but there is a tag that doesn't fit, the oneup tag only fits nfts games. Unfortunately in these cases we can't leave 1up's vote if the tag changes let me know that I'll be back to vote.
Thanks for sharing.
Thanks I will do that later.
I want to see the response of great investors here before I put my little money in Luna.
In Thailand they're still trying to get their money back by buying more Luna. The bulletin boards and Twitter are lit up. Some people appear to have lost everything.
For me, luna teams are trying to do something about the coins. I heard it in twitter yesterday that they are working towards positivity of the coins.
Al's trying to compensate those that loses money but I don't believe this news.
There should be no compensation! That's ridiculous. Luna will find it hard to recover as they're printing billions more tokens to try and fix the peg.
The idea of compensation should be scrapped.
I understood you.
If you go to twitter, you will see how investors are lamenting something should be done to compensate them.
I think there are lots of pressure on the team from investors
yes it will be very painful for some to wake up and see all their investment down the drain, it hurt
So hurt boss. Even me that loses litter money I have in gambling, it really pained me.
The loss is very difficult. Also, the fact that it happened so quickly made it difficult for small time investors to get out. I agree that speculative investments should only be money that one can stand to lose. However, the lure of big returns will always make people invest more than they should.
I am sorry for your loss. I never invest more than I can afford to lose when it comes to crypto. Thanks for sharing.
Please don't use oneup tag, it's for play2earn games only.
Using this tag enables you to earn oneup token and that token is for play2earn blogs.
I do understand alot of people think oneup is general tag but it is not.
The best time to invest in Luna was a few years ago.
Best time to sell was a month ago.
I bought and sold somewhere in between, and now I'm glad I did haha.
But yeah, it's not for nothing that they say: Don't invest what you can't afford to lose.
It's that simple. If you do that, there's never anything to worry about.
I am so sorry ... people who manipulate markets do not care about real people like you and many others that suffer when they play games.
I believe it will be hard for Luna to come back, but, there will be other opportunities. Other coins that have been around a long time are far down too ... over the long term, investing in them might be a way to recover.