Terra Luna and UST Saga: Both went from Hero to Zero real quick.

Honestly, I don't know how to feel for LUNA holders right now, but the LUNA holders I’m really sad for and pity the most are the people who didn’t take profits with LUNA when it was pumping and got to its all time high last month at $119, and just within a space of two (2) days, they have watched their wealth or money disappear before their eyes. This is why it is good that you diversify your money into different assets, although the entire crypto market is dipping further and no coin is safe from this dip except stablecoins that are feeling the hit but a lot less than other coins.

Lots of people believe once a project is in an uptrend that it won't reverse again, Terra LUNA is what happens when you put too much focus on the outcome, and price and don’t think enough about the process and how the market works, that there will always be a dip someday, so don't be loyal to any altcoin, make your money and keep moving, your family are not the owners of the coin 😄. Luna did so well a few months ago and even entered the top 10 cryptocurrencies by market cap, but has now turned out to be a disappointment, sorry to say.

I have watched Luna fall more than 98%, while UST stablecoin is down 54% both in 24 hours, although now there is an atom of little recovery from both LUNA and UST, but no one knows how long it will last or if it will last at all, but we will be watching closely. For those who held onto their Luna and UST in the name of loyalty, most are regretting it bitterly now. And Do Kwon took time to intervene, and came out with a plan that will take long to actualize which is not what most people want to hear, but it is a start though. Terra Luna co-founder Do Kwon seems to be fully confident that they have everything under control, I hope he does though but what happens to those who have lost everything, because there were a lot of complaining comments under his tweet, where he was explaining to the Terra Community, his plans on the issue on ground. On Saturday when someone dumped $300 million UST in curve and Binance that made UST to lose its peg. He even said I love chaos. But it turns out he had little control. I hope he has this time.

The past 72 hours must have been very difficult for him, crisis management is hard. But they have come up with the recovery plan as he has said, which I hope works out, although it took time, but it is finally out there now. The summary is that they're managing the UST supply to ensure the value returns back to the expected level. I will say be patient but at this point, it's not easy to do that but it seems to be the only option, because selling now doesn't benefit you, but it is left for you to decide what's best for you. Be careful though if you are planning on buying UST and LUNA now the market is really volatile ASF right now and they could literally still go to zeroes.

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