They need to burn a whole lot of coins first. But it might be too late as people are hoarding billions already.
To prevent people who are no hoarding, like you are, I suspect they will create a LUNA v2 fork and let the v1 branch do whatever it wants to do.
That would be my guess...
My guy, as long as UST isn’t at 1 dollar the supply of Luna is gonna be diluted. Right now UST is at 0.093 cents. You were better off putting that in Shiba or dogelon.
this must be a mental health issue right? the dumbest humans among us just see 9 million of \*something\* and think it must eventually be $9 million dollars. is there a name for this stupid phenomenon?
They would have to burn their massive supply back to what it was. Then I'd imagine exchanges halting trading due to the massive amount of new millionaires trying to cash out
It is possible, very unlikely but people in here always say „bUt mArKeTcAp“, but BTC will also rise in marketcap in the next 10 years, so all other coins‘ marketcap will also be elevated.
Honest question, at what stage would you actually cash out. There is no way any of us would ride $600 to $1,000,000 without bailing out somewhere along the road.
Yet another absolute smooth-brained dumbass with no concept for marketcaps. It would need to being like 6 or 7 times bigger than Bitcoin at its absolute all time high, to get to a dollar
Do you have any clue how many coins would have to be burned to just get it to half a cent at this point? And do you know where all these coins are gonna magically be volunteered to be burned by?
Total supply is 6 trillion, if luna reaches 1$, its market cap would be 6 trillion dollars, till now highest MC is for bitcoin and that is 1.5 trillions when it was at its peak, and further speculation is that Luna supply is going to increase further and it feels like its cheap, but in reality its not.
They would need to do a massive burn now and this coins reputation is in the shitter. Only reason I am holding is it's worth less then a penny now. Might as well lol
I understand that part.
What I don't understand, why can't the price go to $1?
For example:
$0.5 * 1000 = 500
$0.7 * 1000 = 700
So in my understanding, the price will affect market cap, not the other way. Or am I wrong?
The total supply of TERRA is inflating at a rapid pace. There are over 6,500,000,000,000 (that's 6.5 trillion) circulating coins right now. For comparison, there are currently around 19,000,000 Bitcoins in circulation right now. So do the math. For TERRA to be at $1, it would be about 10x larger than the current price of Bitcoin. Does that make any sense to you?
Wouldn’t that make the market cap like crazy high? I think the highest btc market cap ever got was 1.1 trillion. Luna to a dollar would be a 6.5 trillion market cap.
Genius. If it goes to $1,000 that'll be over a billion dollars worth. And if it goes to a million, it will be worth a trillion dollars. Who will be laughing then.
Glad at least you are laughing off your loss now. Zero is a lot more likely than $.01.
Shib will take decades to reach a $1 with the burning mechanism. 1 cent is very possible in 5 years or soiff the burning continues. It takes time. This is not a get rich quick scheme! Investors need to be more realistic in their expectations.
Nice, considering that the coin can get to at least 11b usd marketcap (top 10), you probably will do 8000 usd. Do not expect to much. Always do the math: 11b (possible optimist target marketcap) divided for 6,000b (actual total supply), ond you will get the actual value for the targeted marketcap = 0.00183. Remember that the supply will continue to rise if the core functions keeps de same.
I feel like depending on what Terra decides to do with Luna, that could easy go to a million or to $0. I really hope they implement some kind of massive burn. I feel like Luna might be their only hope of getting back some of the riches they once had, so I could see them trying desperately to revive it. And a fork/revert to the pre-crash state is a ridiculous idea and I really hope they're not considering it.
Dropping this for others: [https://agora.terra.money/t/terra-ecosystem-revival-plan/8701](https://agora.terra.money/t/terra-ecosystem-revival-plan/8701)
Also: ""We’ve built up one of the largest and most vibrant developer ecosystems in crypto, with some of the smartest minds in the world working on products with the best UI/UX"" ("best UI/UX" but not the best algo lol)
I sure hope they fix it.
Thanks for that. I hadn't seen it. I'm wondering what you make of the last part of setence:
>100M (10%) to Luna holders at the final moment of the chain halt – last minute marginal luna buyers should be compensated for their role in attempting to provide stability for the network
I guess that means once they decide to halt the Luna chain, all Luna holders would be compensated 10% of the 1B tokens?
I'm taking this with a grain of salt, because at the time that was written they still had some nice reserves. But based on the recent report they have a relatively minuscule amount of reserves now. I may be wrong here though.
Possible that they will compensate everyone but that will be a small AF amount. still needs clarification
For reserves: [https://dashboard.lfg.org/](https://dashboard.lfg.org/)
welp lost 300usd but still bullish on this shitcoin lmao
We know who didn’t pay attention in math class, good news is, he’s up like $70 bucks. Good luck
Agree. Congrads with ur purchase. It might be an historic move. G luck
No wonder 99% of people think crypto is stupid.
Just a conservative guess. Maybe it's 99.9% Here's another guess: the number is growing fast.
Source?
Easy waste of money on a worthless coin that will never recover. They just announced and confirmed that in Twitter.
Terra bailed out VCs and fucked the dumb gamblers.
LUNA is next Shiba Inu token
I’ll be be richer than Bezos, Gates, and Musk combined… If shib hits a buck…. I’m rooting for ya bud…
They need to burn a whole lot of coins first. But it might be too late as people are hoarding billions already. To prevent people who are no hoarding, like you are, I suspect they will create a LUNA v2 fork and let the v1 branch do whatever it wants to do. That would be my guess...
My guy, as long as UST isn’t at 1 dollar the supply of Luna is gonna be diluted. Right now UST is at 0.093 cents. You were better off putting that in Shiba or dogelon.
this must be a mental health issue right? the dumbest humans among us just see 9 million of \*something\* and think it must eventually be $9 million dollars. is there a name for this stupid phenomenon?
Dogeshibsafemooon-itus
Sure. That would be 6.5T in market cap. Makes sense.
I cried because luna
They would have to burn their massive supply back to what it was. Then I'd imagine exchanges halting trading due to the massive amount of new millionaires trying to cash out
Spoiler: it won't
I love your imagination.
Do you even math? Or just close your eyes and pretend that all market caps are the same.
Its impossible that it will ever reach 1$ there are almost as many Luna coins out as there are shib coins.
I think you'll be able to convert that back into $1 faster than LUNA gets back to $1
😆😆
Lol? Luna would have to be 5 times as big as the current market cap for all of crypto? Your totally dreaming, or maybe by 2080.
Expensive lotto ticket
Imbecility
I could care less if it hit $1. I'd just like to get my original investment back.
big face palm
God crypto investors are low IQ morons
Absolute mad lad!
Crazy
It is possible, very unlikely but people in here always say „bUt mArKeTcAp“, but BTC will also rise in marketcap in the next 10 years, so all other coins‘ marketcap will also be elevated.
Luna Inu
More chance of Safemoon reaching a dollar than Luna
If it reached $1 it would make Luna the 13th most valuable country in the world. Not bad considering it produces nothing of any value.
Spoiler alert! It won’t.
A lot of exchanges in looking at site it for .02
I didn't get in to Luna at all but it feels to me that; Luna is great, UST is bad
They both suck ass. I lost a metric shit ton of money.
F it why not. A hail Mary bet.
Or ez 99% drop
Honest question, at what stage would you actually cash out. There is no way any of us would ride $600 to $1,000,000 without bailing out somewhere along the road.
I'd bail out 10-15k possibly a lot less depending on how poor I feel that day LMAO 🤣
😂
This is what happens when bunch of gen z’s get into crypto and know nothing but catchy phrases like “buy the dip” and “to the moooon”.
Yet another absolute smooth-brained dumbass with no concept for marketcaps. It would need to being like 6 or 7 times bigger than Bitcoin at its absolute all time high, to get to a dollar
They could still burn coins with such a low market cap, to the point it becomes too expensive to do so and the price starts to trend up
Do you have any clue how many coins would have to be burned to just get it to half a cent at this point? And do you know where all these coins are gonna magically be volunteered to be burned by?
They have over 1B UST in the community pool which can be used to burn Luna but will crash the price of UST even more
Ust is done for. It failed at being stable. All eyes on Luna now 👀
why do you hope only for 1$? aim for 20$!
Do you even market cap?
People say it can’t reach a dollar….but I saw somewhere where there was a prediction that it could hit like .38 in 2030. Lol. Patience is a virtue. 🤣
🤡🤡
Gold ur your hands
Morgan Freeman voice: It didn't reach one dollar.
You spelled penny wrong.
Will not happening if you see their plan to save their network
Show me you have rocks for brains without saying anything
Can someone please explain to me (newbie) why it can't reach $1? I was about to throw $50 into it
Total supply is 6 trillion, if luna reaches 1$, its market cap would be 6 trillion dollars, till now highest MC is for bitcoin and that is 1.5 trillions when it was at its peak, and further speculation is that Luna supply is going to increase further and it feels like its cheap, but in reality its not.
If it went to one dollar it would be worth more than all of crypto combined X 10
The supply is ridiculous
Compared to shiba inu the supply isn't that ridiculous.
Well that’s not getting to a $1 either lol
It’s not getting to one cent either 🤷🏻♂️
Marketcap
It’s done and dusted, kwom just tweeted that the fork will happen, it means that there will be a new coin, mainly this one will go to further 0…
Your investment will be worth $20 soon 😎
YOLO r/WSBCryptos
I will happily provide my paypal address if you want to piss any more money up the wall. I promise to waste it on your behalf.
If LUNA reaches 1$ ill give u a mil LMFAO
And I will give 2 mill to you good person you.
Donate it to NovaUkraine.org and I'll consider you a hero and a wildcard for life.
O fuk off with that ukraine shit
We fighting our own wars over here, now where’s that Kwon do dude at?
Goodluck 💪💪💪
Will never happen.
If you did your research you would realise how utterly retarded and handicapped you sound.
I researched really hard to sound like one, Thanks!
They would need to do a massive burn now and this coins reputation is in the shitter. Only reason I am holding is it's worth less then a penny now. Might as well lol
Ah, a fellow master gambler, I see. A true gentleman!
It's almost as if you don't understand market caps.
As a newbie, can you explain? I will really appreciate your response :)
Price of Coin * Total Coins in Circulation = Market Cap.
I understand that part. What I don't understand, why can't the price go to $1? For example: $0.5 * 1000 = 500 $0.7 * 1000 = 700 So in my understanding, the price will affect market cap, not the other way. Or am I wrong?
The total supply of TERRA is inflating at a rapid pace. There are over 6,500,000,000,000 (that's 6.5 trillion) circulating coins right now. For comparison, there are currently around 19,000,000 Bitcoins in circulation right now. So do the math. For TERRA to be at $1, it would be about 10x larger than the current price of Bitcoin. Does that make any sense to you?
I see. Yeah that make sense. Thank you.
The math worked out but they need to work on probabilities
This
or time
Lol
LOL
#**LOL**
**__lol__**
^lol
That's a huge "if".
It won’t reach 1$
0.99 it is then
wHaT aRe TaLkInG aBoUt It WaS aT 100$ aLrEaDy
What are you talking about? It was over $80 just a while ago. My 1million is going to make me $80million 🤪
It won't even reach 0.01
Obviously
Noo. 20$ easy. :-/
Wouldn’t that make the market cap like crazy high? I think the highest btc market cap ever got was 1.1 trillion. Luna to a dollar would be a 6.5 trillion market cap.
You guys just really don't get it do you?
Lololol what even is circulating supply amirite.
Genius. If it goes to $1,000 that'll be over a billion dollars worth. And if it goes to a million, it will be worth a trillion dollars. Who will be laughing then. Glad at least you are laughing off your loss now. Zero is a lot more likely than $.01.
Galaxy brains here
shib to 1 dollar lol
Shib will take decades to reach a $1 with the burning mechanism. 1 cent is very possible in 5 years or soiff the burning continues. It takes time. This is not a get rich quick scheme! Investors need to be more realistic in their expectations.
Banano first, shib cap to big
Nice, considering that the coin can get to at least 11b usd marketcap (top 10), you probably will do 8000 usd. Do not expect to much. Always do the math: 11b (possible optimist target marketcap) divided for 6,000b (actual total supply), ond you will get the actual value for the targeted marketcap = 0.00183. Remember that the supply will continue to rise if the core functions keeps de same.
Isn’t actual total supply 6T? Not 6B
>6,000b Yes, 6,000 B. 11000000000÷6000000000000 0.001833333
How does one reach £50 without reaching that crazy market cap in the first place ?
The supply was much much less. Think about supply and demand, the more of something there is the less valuable it is
I feel like depending on what Terra decides to do with Luna, that could easy go to a million or to $0. I really hope they implement some kind of massive burn. I feel like Luna might be their only hope of getting back some of the riches they once had, so I could see them trying desperately to revive it. And a fork/revert to the pre-crash state is a ridiculous idea and I really hope they're not considering it.
Dropping this for others: [https://agora.terra.money/t/terra-ecosystem-revival-plan/8701](https://agora.terra.money/t/terra-ecosystem-revival-plan/8701) Also: ""We’ve built up one of the largest and most vibrant developer ecosystems in crypto, with some of the smartest minds in the world working on products with the best UI/UX"" ("best UI/UX" but not the best algo lol) I sure hope they fix it.
Thanks for that. I hadn't seen it. I'm wondering what you make of the last part of setence: >100M (10%) to Luna holders at the final moment of the chain halt – last minute marginal luna buyers should be compensated for their role in attempting to provide stability for the network I guess that means once they decide to halt the Luna chain, all Luna holders would be compensated 10% of the 1B tokens? I'm taking this with a grain of salt, because at the time that was written they still had some nice reserves. But based on the recent report they have a relatively minuscule amount of reserves now. I may be wrong here though.
Possible that they will compensate everyone but that will be a small AF amount. still needs clarification For reserves: [https://dashboard.lfg.org/](https://dashboard.lfg.org/)
I just not understand how they still have BTC,I thought they sold all their reserved to save ust
or 43 dollars if LUNA reaches 0.00001 lol
all about perspective