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The problem is, the system only works if luna has any value at all. For a while, it did, thanks to an aggressive offer to pay 20% interest on savings held using the currency. And then, in the middle of the crash, as investors started to pull their money out to cover losses elsewhere… it suddenly didn’t. That triggered what is called a “death spiral”, as investors turned terra into luna, which lowered the price of luna, which meant that the next redemption lowered the price of luna further, and so on. In a few weeks, the value of the luna coin fell from $80 to around one thousandth of a cent. The experiment was over. Buy Crypto with Fees as low as 0% We all have that one big regret about the one that got away. No, I’m not talking about the love of our lives, I mean that one big investment that we missed out on back in the day and wish we would have gotten into it. For me, my biggest investment regret was that I turned down Bitcoin not just once, but again and again throughout the years… “D’oh!”