Recently, many of Terra’s legal team have left the company. There are also rumors that Do Kwon was no longer involved in the decision.
Watcher guru, cryptocurrency guru and many crypto influencers Confirmed that LFG is still holding money. Another 1.2 million Bitcoin (BTC) was kept, which led to two controversial groups. to bring these bitcoins to help the victims And there is another group that wants to use Bitcoin to create version 2 coins.
Binance reopens LUNA trading system after his $1.6 billion loss disappeared in the blink of an eye This is the point that many people fear that it will lure people into it. And there are many benefits such as pulling funds back into the system. Then use this gap to pay back the lost capital, to measure the confidence of the people who used to hold the coin.
Binance owner Changpeng Zhao (CZ) also stated that To protect retail investors, Binance is willing to take the money away. By asking the Terra team to pay compensation to retail investors who have suffered losses first. After that, it will gradually compensate for large investors.
Meanwhile, the Luna Foundation Guard has revealed the remaining reserves that have been spent supporting UST in the past. Along with announcing that the remaining reserves will be used to help the affected retail investors but has not clearly explained the details
However, it was this incident that made investors and people around the world know more about cryptocurrencies.
For example, making people know that Cryptocurrency As a high-risk asset for speculation, it must also be accepted that there is a possibility of loss. Or people who invest in UST see this coin as a stablecoin or a stable coin? In fact, it’s really unstable.
If you are a novice investor, this coin is not suitable for people who cannot accept high risk. Because investors around the world are still keeping an eye on the direction of LUNA and UST and no one dares to move.
In conclusion, playing or investing in LUNA coins is now “like gambling”.
because there are people who take advantage of profits in a period Therefore, there is a trend known as FOMO or fear of falling off the car. or unable to invest This is like gambling on whichever phase you are in.
which while the FOMO that was the previous trend that this coin can make millions in profit causing two groups of people, namely
1. People who know that this period can be profitable and ready to take risks.
2. People who come in because of various social media trends This group of people will become a group called “moths” who come to invest without knowing the risk and want to make a profit.
If you have read and seen the pros and cons of investing during this period. It would allow you to make investment decisions with the following trend coins easily. and make it known whether this type of investment is right for you or not