In another #askleo post from today, @jk6276 has asked us [if we'll use the new Terra fork if it happens](https://leofinance.io/@jk6276/ask-leo-will-you-use-the-new-terra-fork-if-it-happens).

Most, if not all responses so far were in the "out of the question" area, including mine. Understandably. Fool me once, shame on you; fool me twice, shame on me.

I'd like to extend this topic with another question, and possibly a little introspection we could use in the aftermath.

![earthquakegc665ff525_1280.jpg](https://images.hive.blog/DQmf5qqbVpmb5qWPkhyUbJgjc5BouLccA4mWYNgtdaXZ2Uc/earthquake-gc665ff525_1280.jpg)
[Source](https://pixabay.com/photos/earthquake-rubble-l-aquila-collapse-1665870/)

The question is **What Have You Personally Learned From Terra LUNA/UST Collapse?**

Personally, I've learned a few things and was reminded of others in a brutal way.

Let's see:
* **market cap is a bad indicator regarding the solidity of a crypto project:** ranking crypto projects by market cap is a joke - that's how Terra's UST was a top 10 coin and HIVE is #141 (won't even check for HBD); UST is still ranked higher than HIVE, with Terra chain halted for days
* **having no alternative stablecoin in an ecosystem, doesn't automatically make the existing option a good one** - that's what happened to me in the Cosmos ecosystem (on Osmosis)
* **investment without research equals gambling** (which may be ok from time to time but treat it as such)
* not having enough time for proper research is a bad excuse, which means you shouldn't invest (big amounts) because your focus is elsewhere
* **invest primarily where your focus is**

I wasn't impacted as much as others I know by the Terra LUNA/UST collapse, but still, it's over $1500, maybe even $2000 if I won't recover any OSMO from the UST/OSMO pool (because LUNA/OSMO is already 100% loss). But could have been over $4000 half a year ago, when I built it up to upgrade my card tier at crypto.com.

At the same time, knowing that most of my funds in the Cosmos ecosystem come from LP and staking rewards and airdrops, one could be tempted to say: easy come, easy go! But why go? :)

As I said in another post, this amount won't make nor break me, but it leaves a sour taste in my mouth thinking I put my trust in Terra's stablecoin without properly researching it.

So, What Have You Personally Learned From Terra LUNA/UST Collapse?

That's something to reflect on even if you were not affected directly.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gadrian/ask-leo-what-have-you-personally-learned-from-terra-luna-ust-collapse)