Even when we tell ourselves we don’t care if we lose that cash, we do somehow care. Money matters a lot even if we know that we are speculating. The idea of served a good cause perhaps keeps some investors contended even if the price does not go up. However, a crash like LUNA is really disappointing – the rising star fell like a comet. The meme coin holders who are considered to be the most light-hearted and jovial have their say.
Baby Doge Coin Guys: Very sad. What has happened to Luna and UST but is exactly the reason you should never put in more than you are 100% willing to lose into any crypto or NFTs.
The Baby Doge community agrees about the importance of diversifying money in different cryptocurrencies. Those who were watching Luna closely have to state that Luna was inflationary hour by hour and its supply grew until the coin lost its value in the price – because by the price – it was considered a rising star.
Floki Inu Guys: The Floki meme coin holders are mostly vocal about their coin of choice going to moon. There was never this thought of stable coin to moon; however, stable coin to gutter is something that has recently happened with Terra (LUNA).
One of the Floki Guy stated how he has been through two bear cycles. He stated that he does not stress, because he knows what happens after each bear with quality projects which keep building. He also stated, stay safe keep calm, and never invest more than you are willing to lose.
The test on Terra (UST) is a true stress test. Things are feeling very brutal now, but it will get better. During volatile times it is easy to lose perspective. There is no need to falter at the first sign of adversity. The LUNA guys seem to be focusing on improving their fundamentals maybe they will improve irrespective of market conditions with time.
Many people are holding because they believe in the project, but they are just waiting for the price to catch up so that they can sell and cash out. Those who think it is over are going to call it over. There were many people who gave up after 2012, 2015, or 2018 bear markets. However, those who decided to stay continue to stay. They are not going anywhere. Even as the markets dip, the number of individuals prospecting to joining the cryptocurrency space continues.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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