Just seeing a bit of the red on the graph on a crypto I invested on makes me sad imagine the sadness and devastation investors felt when they saw what happened to LUNA.
I've been writing about LUNA a lot since it really is the current issue and most popular one in crypto these days.
Insider managed to talk to 2 LUNA investors and here're the interviews:
Corey, a 37-year-old from Canada, told Insider he originally got into LUNA in November 2021 after searching through reviews and reading Reddit comments.
"It appeared to me to be an incredible project," Corey said.
He's now lost over $30,000 since the nosedive began.
While he still has a little over $1,000 in profits from other investments he will still feel the lost he got from LUNA.
Second one is,
Jen, a 34-year-old teacher, told Insider she got into crypto and LUNA a little over a year ago after hearing about it from her brother. She initially invested $1,000 and then added more every month or so, she said. She also holds other cryptocurrencies like Bitcoin, Ethereum, and Solana.
"I truly believed it was a solid project," Jen said of LUNA. "Did my research and got involved in the community."
But when LUNA crashed, she said she lost over $17,000. Jen wrote in a Reddit post last week that if she had cashed out when LUNA was worth $100, which was around early April, she would've collected over $25,000. She wanted a downpayment on a house, she wrote, and had gotten greedy.
It really is a hard gamble to play on crypto. You will never know what will happen the next second you take your eyes off the charts. You could gain millions or you can lost millions just these 2 and no in between. Which is why as I have always said: DO YOUR OWN RESEARCH and ONLY INVEST MONEY THAT YOU CAN AFFORD TO LOOSE
