It has been a horrible week for me, I was robbed on Sunday night, and I lost some dollars in LUNA investment.
So there have been a lot of conflicting views over the LUNA fall, with the majority of individuals expressing regret and sadness for investing in LUNA, while others are rejoicing for profiting from the disaster, however mine went wrong, which I will discuss later in this article.
LUNA, a Top 10 Cryptocurrency, has quickly devolved into a shitcoin. A coin that was good and doing well only a few weeks ago has now devolved into a large investment tragedy, and the CEO of LUNA Do WON's laid-back attitude is leading many people to question whether the project was actually a legitimate project or a scam project all along.
I'm not sure if it was a scam all along, but I can't speak for others, but this LUNA saga has made a lot of people obscenely rich and a lot of people relatively poor, and it's so unfortunate that those who have been harmed are far outnumbering those who have benefited from it in the past few days. I've an international friend that bought $8k worth LUNA of LUNA and during the fall, his $8k investment has turned to $6, he was literally crying when he was telling me, I felt very sad. I can hardly picture how he feels right now, and I don't want to be in his shoes. A lot of people like that loses their live savings on this LUNA fall.
Anyway, here's my loss story, while I didn't lose much: have you ever had that sensation when you know what you're about to do is terrible, but you're like, "What the world says, just do it," like I was on this sad day?
I know investing in Luna is wrong and not a smart financial wise investment given of the current fall and all, but I see it dumping and pumping, so I used $116 worth of BTC (0.00395BTC) that I know I won't mind losing, so I purchased in at $0.7, expecting it will surge back to $4 or $4.3 so I can see X5 of my investment.
It was a late night trade and I slept off thinking LUNA would rise before morning and I'll take profit, I woke up and check my wallet and what I saw was very bad. I couldn't cry I was shaking and was down.
I was attempting to profit from the pump and dump strategy and got caught; my $116 investment was now worth $0.02 as the LUNA price continues to fall.
I've already learned my lesson, and after talking to some of my crypto friends about it, I'm now Dollar cost averaging into better investments and gradually building my portfolio, while waiting for the bull run to begin.