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Review on Luna Coin by Septian Tri nugroho

Revainrating 2 out of 5

Terra Luna makes crypto investors poor

Terra Luna, which has only been listed for a few weeks on one of the largest crypto exchanges in Indonesia, Indodax, has experienced a severe crash. Terra Luna is a coin from South Korea which was founded by Do Kwon.

This coin made a new history in 2022 in the world of the crypto market which experienced a severe crash where from the price of 1.6 million that I saw on 07/04/2022 and two days later it crashed to the lowest price level below 1 rupiah on 23/04/2022.

Of course, this terra luna coin is detrimental to investors who enter on 07/04/2022 and above, especially those who don't have time to open a crypto exchange market, suddenly their portfolio is minus hundreds of thousands of percent, even if the asset portfolio becomes 0 rupiah, how can you not be poor? if you buy a terra luna coin at a price of 1.6 million with 50 million in just a few days the money just evaporates by 50 million.

From the terra luna incident, we can also take lessons, especially those who invest in the crypto world, don't forget money management so that you don't get poor suddenly. I myself have also invested in crypto since 2019 but this is the first time I've seen crypto coins whose supply has increased so much that I see the coin market cap of 400 million in supply in a day to 6 trillion, there is an increase in supply by the dev or project team to look for the maximum benefit for the individual and the development team. Hopefully crypto investors just choose coins that are all-time low in the year to be safe for long-term investments.

Pros
  • not
Cons
  • yes not good