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How To Deal With The Devastating Crash-Landing of Terra Luna

At the time, it looked like a fantastic initiative... It may still be a fantastic project... However, when an asset suffers the most severe of all imaginable losses, it makes you question. Yes, the Terra Luna crash-landing sent many people into a panic, as if it were the end of the planet, and the natural reaction for many was to sell.

By Investment MasteryPublished 2 years ago 4 min read
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Devastating Crash-Landing of Terra Luna

It was a great idea at the time. But when an asset is the most damaged, you have to wonder.

Yes, Terra Luna's crash landing on Terra Luna was a shock to many. Panic ensued and people began to sell.

It makes sense, doesn't? It's not a good idea to hold on to something that isn't worth anything. It's sensible to do so.

We don't believe so.

We are not one of these people here at Investment Mastery. This is not how we think. It is not part of our psyche.

This is what makes us so strong and successful.

We did nothing when Terra Luna crashed down.

It's something we've all seen before. It's one of those things. There's nothing to be concerned about...it's all part and parcel of the exciting trading investment and investing world.

Recall, Terra Luna had converted its stable coin UST to US dollars during the week of May 10. 1 Luna token = 1 USD $.

It was almost instantaneous. It was discovered that it did not have sufficient cash reserves to pay the peg. It was forced to sell its entire bitcoin portfolio.

The situation got worse when the Terra price dropped from $120 to $90 and was almost zero... all within a week!

Terra's current value is just 9 cents as of this writing

This is a catastrophe of the size of the Great Depression.

Yes, we did take a -100% loss.

That's what we don't mind sharing. Investment Mastery has nothing to hide. That's because no trader nor investor can predict the future.

We are actually happy to have this opportunity with you, as it touches on very fundamental learning that is at our core as traders and investors educators.

It all boils down to FEAR, or, to be more specific, how deal with this fear.

This is a serious issue to think about because trading investment should not make you feel depressed or like you are going to die.

Perhaps those who get caught up in fear need to ask themselves: If they are unable to take the heat, maybe trading investment isn’t right for them.

Perhaps you are one of these people? We don't think so.

By Markus Winkler on Unsplash

The collapse of Terra Luna was a major development. It was so alarming and out-of-the blue, but we just wanted to be open with you and hopefully give you some reassurance. These things happen and you don't have to worry about it unless you actually paid your mortgage to Terra. The door is on the left.

Yes, it can all seem frightening at times... but they're and not.

FOLLOW THE STRATEGIES THAT WE FOLLOW!

These strategies will allow you to let go of your EMOTIONS and not be gripped with the FEAR everyone else is consumed by.

You will be able trade and invest with TOTALCONFIDENCE.

We suffered a loss of -100% with Terra Luna. We have no regrets or shame.

BECAUSE THE TRUTH TO REMEMBER IS... There are many things to keep in mind, which is why they are constantly covered in our training and blog as well as our webinars and books.

First, TERRA LUNA is only a decade old. It's still in development and evolving FAST.

It's VOLATILE.

By Jeremy Bezanger on Unsplash

It is therefore risky to invest cryptos. This brings us to the #1 LESSON...

DO NOT PUT ALL YOUR EGGS IN A BASKET

Diversify your holdings by having 10, 20, or 30 stocks, shares, cryptos and commodities.

Because... if one or more of you take a hit, the other will absorb that loss so you're never really losing!

This is an important point to keep in mind. Our 1:3 Risk-Reward Ratio is one of our most important strategies.

It means that we never lose more than 1% when properly deployed. You can read more about it here.

We are grateful for what happened to Terra Luna. It is an example of what can be done and how, if you follow our strategies, you will not lose SLEEP.

What will we do with Terra Luna holdings in the future and now?

Nothing. We are currently assessing the situation. Waiting. Holding. Do not do anything.

First, they are not worth selling! They have no value!

But no one can predict what the future holds.

It was a great investment, and it may still be a great one in the future.

Do you need to invest?

If you had the guts to invest, we would advise that you do so carefully. Start small. $100. Perhaps $10. Wait.

You can calculate Compound Calculator

The crypto world has been rocked by Terra Luna's crash landing. It's seismically as Bitcoin's first free fall.

Remember what happened next to Bitcoin?

Exactly.

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