Is it worth buying Terra Classic (LUNC) now?
Hello, I've seen a lot of videos about LUNC lately and they always said you should buy it now.
I'm new to the crypto world and have taken a closer look at the whole thing. I have to say, the coin and the profit potential are quite attractive. And considering that the coin was practically at zero a few months ago and is now rising pretty steadily again, you can only make a profit with it. Besides, you can make a lot of profit with little money, so it wouldn't be too painful if it backfires.
However, since I have never bought cryptocurrencies and don't know if my statements and considerations are correct, I wanted to ask the more experienced among you what you think about it and what your assessments are.
I hope you can give me some helpful tips.
Greetings Alex
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Don’t let the “currants” lull you with their promises.
So if I had stuffed my fridge with dead fish from the Or (Gift Algae in the Or killed all fishes), I would now also look for light-believing and greedy people who buy me for a lot of money because I would have them as a fresh catch (if you understand that in the morning you have collected a dead fish on the river bank) and fish of the best quality (it would also be possible.
https://m.youtube.com/watch?v=qY0D0ZbIgdI
Terra/Luna Classic is a dead shitcoin that is collapsed because the system has failed behind it and with which now people of dubious morality play the fun Pump&Dump game:
https://de.m.wikipedia.org/wiki/Pump_and_Dump
“that the Coin was virtually at 0 a few months ago and is now getting quite constant”
5 months ago he was at €106 (or previous)
The chance you burn your fingers is over 99%. The course is very easy to manipulate, especially with coins with such a trade volume.
Well, Marketcap of over 2 billion.
Marketcap says very little. This is simply the amount of tokens multiplied by the price.
No, that’s not true. Quite simply, if you buy me 1 token for 1 cent, the price is 1 cent. If you buy me the token for 100 €, it is 100 €. In reality, it is of course more complicated but from the basic principle it is so.
In the case of shares, it is basically not different. If Tesla shares are $200, it doesn’t mean all Tesla shares were sold once for $200.
Yeah, but not because she bought someone. You can simply have been pre-mined or distributed by airdrop.
Hm, but then we must have 100 billion. Tokens (if all are free to trade) are bought for 1 cent each, otherwise the price would fall below one cent🤔 The token in circulation means that she owns anyone.
No, this is simply the number of coins in circulation multiplied by the market price.
So I could theoretically create a coin with 100 billion tokens and if the tokens are traded for 1 cent, I would have a market cap of 1 billion.
Yes, for so much money the tokens were exchanged in total. And 2 billion is already a considerable sum.