Terra (LUNA) has garnered attention for her role in the recent crash in the cryptocurrency market. The altcoin, which managed to enter the top ten in the crypto market and subsequently collapsed dramatically as its stablecoin Terra USD (UST) lost its dollar peg, has been a complete disappointment for its investors. However, a well-known analyst in the Turkish cryptocurrency market says he bought LUNA and explains why.
CryptoKemal bought LUNA and explained why
Experienced analyst and trader, whom I know as CryptoKemal from the Turkish crypto money market, has 614,000 followers from his Twitter account, who has become the focus of recent times with his collapse. He shared that Terra bought LUNA token:
I bought LUNA 1% of my wallet. $0.211 is a risky transaction, but I bought an amount that I was willing to throw away.
At the time of writing, LUNA is trading at $0.1912, according to CoinMarketCap data, and its wavelength may be high due to its low value. As you can follow from Cryptokoin.com news, Terra CEO Do Known stated that the team has been working on some recovery plans recently. Referring to the fact that major exchanges such as CryptoKemal, Binance and FTX did not remove it from the list, he explains why he bought LUNA as follows:
Binance, FTX has not yet delisted. The team has terrible money and is a highly traded asset. I don’t think it will return to its old days, but there is still a struggle to save it. I don’t get upset if it’s garbage, but if it gets crazy, it doesn’t make you feel outside.
Neden aldığımı açıklayayım;
Binance FTX halen delist etmedi
Ekibin korkunç bir parası var ve çok trade edilen bir varlık.
Eski günlerine döneceğine ihtimal vermiyorum ancak halen kurtarmak için mücadele veriliyor.
Çöp olursa üzülmem ancak saçma yükselirse de dışarda hissettirmez. pic.twitter.com/lOKWxNGvq2— kemal.eth 🥷 (@CryptoKemal) May 16, 2022
From experienced analyst, crypto money investment advice
The collapse in the cryptocurrency market unfortunately resulted in heavy losses for those who are not experienced in investing and dream of getting rich in a short time. As we have reported as Kriptokoin.com , a young person who lost the money of his house he sold on cryptocurrency exchanges, recently took his own life. Referring to such situations, the experienced analyst gives the following advice:
The complete sinking of a coin should not cause irreversible wounds in your trading life. I’ve had this error too many times. After the LUNA example, everyone should learn to adopt a radical principle in their trading career and not go all-in on any product. This rule should never be bent.
Bir coinin tamamen batışı trade hayatınızda dönüşü olmayan yaralar açmamalı, bu hatayı ben de defalarca yaşadım LUNA örneğinden sonra herkes trade kariyerinde radikal bir prensip edinip hiç bir ürüne all in girmemeyi öğrenmeli. Asla esnetilmemeli bu kural.
— kemal.eth 🥷 (@CryptoKemal) May 16, 2022
