Purchased some LUNA in this madness

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The crypto market was going crazy in the last few days, especially after the LUNA event. There are so many articles everywhere talking about what happened and why the entire market had crashed. Some information is quite true and there are also rumors spreading around. Buy only the real news and ignore the rumors. I have heard of this LUNA before but never thought about investing.

Yesterday I saw some people talking about investing in LUNA right now. Terra Luna had a serious hit in the last few weeks and the price dropped several times. I was so curious to find out what this is all about. Though I did not spend time understanding the blockchain itself or the cryptocurrency itself. I only reached Coingecko and watched this. It appears that the all-time high was close to 120$ and the all-time low happened in the month of May. People are still trading the coin on many exchanges but just that Coingecko stopped tracking the coin because it is very unstable at the moment.

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The above image is from Coingecko and I filtered the chart for about 1 year and this is really great fall. Yesterday I shared a message saying that many people also committed suicide because of Luna and someone told me that the count is close to 22 people who committed suicide because of Luna. It is really very sad to hear that and nobody should behave such a dependency on cryptocurrency in their real life. It will take years for this crypto market to reach some stability and even then it is volatile and unpredictable.

I read mixed things about the founder. Some people say he is a good guy and some people say this is all planned. But the founder is a big holder of BTC and it is also believed that he sold some of his personal BTC holdings to recover the price of LUNA. I don't know how this is going to turn around but I thought why not give it a small try. Maybe my contribution to this coin can become like a puny recovery opportunity. Maybe the recovery can be a slow long-term process and we have to patiently wait and see what is happening.

I bought exactly 555555 LUNA for about 20$ today when the price was a bit low. Currently, when I look at the portfolio the price appears to have appreciated a little bit and reached 36$ already. This is a good thing. But I'm just imagining the fact that if LUNA recovers a little bit and the price reaches at least 1$ per coin, I would have all the money that would be required for me to settle down in my life. I wish LUNA recovers not just for the sake of me getting rich but at least for people who have invested so much money on that and are having great hopes on that like how we all have great hopes for Hive Ecosystem. I cannot imagine such a situation happening to Hive or any blockchain for that matter. I do have some decent stakes on some of the blockchains and hopefully, we don't see such events there.

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Posted Using LeoFinance Beta

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(Edited)

It is really very sad to hear that and nobody should behave such a dependency on cryptocurrency in their real life. It will take years for this crypto market to reach some stability and even then it is volatile and unpredictable. Totally agree with you in this, since the market is very volatile.

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I'm no trader and I have thin knowledge about these things but I think it's the right time to invest in LUNA and you did the right thing buying some.

if LUNA recovers a little bit and the price reaches at least 1$ per coin, I would have all the money that would be required for me to settle down in my life

Good luck with that.
After reading your post, I wish to buy some LUNA as well.
Can you please tell me the easiest way to buy LUNA? I already said "I'm no trader and I have thin knowledge about these things" so, yeah I'm confused about the right place.

!1UP

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I wouldn't say that this is the right time to purchase LUNA. I'm just gambling and wouldn't advise that to anyone. But if you afford to lose whatever you are investing, no harm. You can give it a try. I did for 20$ but I wouldn't bother if that 20$ is lost.

Binance was handy for me. I bought the LUNA there from a BUSD pair.

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Well advised, thanks.

I did for 20$ but I wouldn't bother if that 20$ is lost

Yeah, that's the thing.

Binance was handy for me. I bought the LUNA there from a BUSD pair.

Noted.

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I also bought 10k luna. But it's just going Zero. If this coin totally gone vanished, the people will have no more faith on cryptocurrencies 😑😶. I'm also bit worried about other coins. I also decide to hold my hive coins to last. Just wanted to be with the community always 😊.

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I would say a good move. Good or bad the coin is already pumping now.

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Have fun with that, lol. At least you only played like $20. I don't exactly have that same faith unfortunately, lol.

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Lol it is just gambling. People have started buying like crazy I guess.

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We’ll keep on, lol! Maybe when my UST is unbounded in 9 days you all will pump some value back in it so I can get out of it, lol

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Nice, I was thinking about the same🤓

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Nice give it a try. People are still purchasing even today.

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I think that is a risky move but it's only $20. So at least you are only gambling with what you can afford to lose.

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Yep it is only 20$ and now that 20$ is worth over 200$.

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I think if I put 10 $ in UST ... this coin can try make some small move back to 70 cent soon ... but that is also all nothing more , they have lost all what they have .

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I don't know but i still feel positive. Many people have started investing today. The price is pumping.

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We soon see , I hope they not put all in like they had 5 days back 😆😆😆

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If LUNA recovers, it will be incredible! The bonus will be really huge for you. I haven't bought a LUNA yet, but have been thinking about it every day.))
!PIZZA

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Yes indeed. I wish it recovers to at least 1$.

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