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FTT is FTX's local token, presented on May 8, 2019. FTX was established by the absolute biggest crypto brokers as of late who were discontent with major crypto prospects markets.

FTX Token (FTT) Price Prediction 2022

FTT price was swinging from $21.09 to $32.51 subsequent to contacting the help level of $18.08-$22.50. Returning quickly from the help level, FTT is presently going sideways on the lookout and is supposed to return bullish soon.
In the meantime, our drawn-out FTT price prediction (https://coinedition.com/ftx-token-ftt-price-prediction/) for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

Basically the token is correlated right now to how the crypto markets are performing. Both FTT and CRO and LEO are all far from ATH. The only one that is high right now is BNB.

When there is a bear market usually the volume is lower and less revenue for the exchange. The opposite is true during a bull market. Hence we will to bottom first and start rallying towards ATH for these tokens to also go to ATH.

Not to the crypto market or to the bear but maybe for btc because it was known as the main controller of the market but it's surprising that there are coins which can't be controlled by btc and one of it is bnb. I guess that's because it is too strong as it was owned by the largest crypto exchange called binance.

When there is a bear market I think the volume is supposed to be high because this is the time where people are accumulating more coins while there is still a good amount of volume during the bull run because everyone is active during this time. Many newbies are starting to have confidence and they will now buy more coins even if it's risky.

That's a bold prediction if it can hit $50 this year. Because as far as we know, the market is very much bearish, every coins and project is struggling, even ETH after it's merge and supposedly hitting $2k, it didn't happen.

And I'm not trying to bring this project down, but that prediction number is too much that newbie investors might fall for that.

In any case good luck though, if that price hits then good for those who follow your lead.

If we are talking about possibly and then answer might be yes but if you are also asking about when such thing gonna happen and there's no definite asnwer for that question. It has been reaching all time high when bitcoin has been doing the same thing. So, the main concern must be in bitcoin.

Im also active users of FTX and holding some FTX for IEO purpose. It's impossible for FTX to reach 50 again if bitcoin will stay sideways. Bitcoin needs to go to the moon to make it happen. IF bitcoin could reach 30k and that might be possible to happen with FTX.
FTT will remain sideways if bitcoin will be doing it too.

I remember the days when I have a lot of BNB and convert it to FTT (FTX token). But it's ok, I already moved on, and speaking of FTT's all-time-high price. I also experienced it it was during the all-time high price of Bitcoin.
So for me, regarding about all-time high price, yes, we can still reach $100 as long as FTX Exchange is still operating on the time of the Bitcoin will create new all-time high.

Even if this token is owned by FTX. It is still possible that it may go with a higher ath, just like Binance's BNB it has broken its previous all time highs.So basically all of the possibilities are there and can be very similar with the move of other tokens in the market.
But,let us also consider the issues that may come out from FTX and their involvement may make it hard to be on that ath again.

Lucky for those who have bought FTT from the start. It's a wonder though that the token has a very low volume compared to BNB which basically just has the same use case if you are a trader.

I wouldn't really try going to FTX exchange only to trade BTC/USDT when I have already submitted docs to Binance. It would just add to the risk I took.
SBF is linked to Alameda Research by the way that has had lots of controversial activity in the past.

FTX exchange might get better and be on par with Binance exchange some day, who knows? I believe that FTX will get there too but this is just my own believe, in the early days of Binance BNB wasn't doing great after 2017 bull market, so its normal to see FTX and CRO values going down as they aren't strong like Binance right now.

I see this (going to $50 this year) highly unlikely scenario, but if this would be the case, i am betting it would be because we would be in the turning point of bear to bull market and FTT price grow along everything else. It would paint huge double bottom W and this would indicate that growth wouldn't stop there.

Personally i can't see this happening yet but i've been wrong so many times i would bet against myself on this.
https://i.imgur.com/GncxWWJ.png[

I think it's possible for FTX Token to do insane things once they release their FTX stablecoin.  They're basically going to have a license to print money at that point and will easily be able to pump whatever they want.  I just hope we don't see another Luna type situation here.  Sam seems too smart for that, but you never know...  One thing is for sure though, FTX has to be making a killing as the market volume picks up and it looks like altseason is beginning to warm up a bit.  It's been a while since I've seen so much green on the marketcap list.  Good times to be going long and taking some risk. 

Fifty dollars this year looks too optimistic, just as optimistic as bitcoin reaching $40,000. It is unlikely to happen this year. Not so fast. I wouldn't expect an FTT price of more than $35 this year. Price recovery is not happening as fast as we want it to. Prices can only go down quickly. But all in all, I expect that by next bullrun, FTT token price might go over $100-$120, considering the fact that this exchange is now trying hard to take the lead among all centralized exchanges.

Everything is possible in the crypto world, especially if there is another bullrun or they build a new blockchain that is more efficient and effective like Binance did.

To begin with, is it not the ATH of FTT 84 dollars and not 100 dollars? Maybe it can reach 100 dollars in the future but it has not done so already or at least this is the information coingecko shows.

And about your prediction of 50 dollars at the end of this year I do not see it happening, this will require for FTT to more than double its current price in less than 2 months, and this is something which can only happen during a bull run, and since we are still in the middle of a bear market then there is almost no chance this could happen.

Going back to the thread, if all of you are now aware of the Tweet and decision of CZ after receiving their FTT, they're about to dump it. It may take time for FTT to go back to its past ATH.

And that will be harder this time when there's publicity that has been made against them and it doesn't look good because the token is about to be dumped, yeah, I mean a lot of it will.

Don't think so unless FTX single-handedly becomes the next biggest exchange (over Coinbase + Binance)

None of the large payment processors use FTX token. Bitpay https://bitpay.com/ (https://bitpay.com/), Poof https://www.poof.io/ (https://poof.io/), Coinbase https://commerce.coinbase.com/?lang=en-US (https://commerce.coinbase.com/?lang=en-US), Paypal, Square, and so on don't have integrations with FTX token. Meaning none of the third party businesses on them would transact with the token.

Only use case I see is for institutions to get lower fees on the trading platform. $100 ATH implies a 45B market cap, which is 4x the size of Coinbase as a token.

Unless FTX becomes a $1T company like Google, it's not happening.

No idea if you guys were paying attention but there is a huge fued going on with FTX and Binance. Basically some insolvency rumors and Binance dumping their FTT token coin.

We came close to breaking the yearly low earlier with that CZ tweet. It seems people are upset about SBF trying to make Defi illegal and many are out to get him. No idea how this will unfold. Many people leaving FTX now.

Noted, this is why I always say that even the biggest project in the crypto space can face any demise, crypto investment is high risk and this is one of the reasons why, low cap coins are higher risk but even top 10-30 altcoins can go down too, Bitcoin still feels like the only thing built differently.

I didn't think it was very serious until I saw thier tweets. I think FTX side already offered to buy all CZ's FTT at $22. They wouldn't have a problem finding funds from someone to take the FTT from CZ. But of course, these are all stunts from FTX also. The exchange could be in trouble but I think the US government can find FTX a good asset in crypto.

Another dump like LUNA is the last thing we need this time when we are about to see the recovery of the market.

Lets put up some link towards these issues.
Binance Dumps FTX as FTT Loses 11% in 24 Hours
https://u.today/binance-dumps-ftx-as-ftt-loses-11-in-24-hours

and then

Breaking: FTX CEO SBF Responds As Binance Dumps FTX Token
https://coingape.com/breaking-ftx-ceo-sbf-responds-as-binance-dumps-ftx-token/

You would really know and its too obvious on whats the drama on here.
They do have their own intents and decisions to be made ahead.So its not something new into this market.

Binance will slowly liquidate their holdings with FTX though as per them it will happen little by little since they have a huge amount of holdings and dumping it instantly might violate their agreement and might ruin the FTX project because of too much dump. This is a possible scenario if you allow your competitor to invest with you, Binance are very aggressive and wise when it comes to their decision, CZ saw the thread and this might be the reason why. FTX token will be at the risk of slowly dumping.

Right now there is the battle of $22.

Seems that there is dumping on Binance and there is buying on FTX.

Caroline from Alameda offered to buy all Binance's FTT at $22 and seems there is a huge battle going on right now. If you track CVD you can see that on Binance there is nothing but market sells and on FTX there is nothing but market buys.

Price completely side ways its crazy. And a few mins ago, tons more FTT was deposited into Binance to market sell.

I don't know if after all these discussion will it recover to a great price or not. I mean these are the things that create chaos for most projects and then it becomes very hard to recover from them. I am not saying that it will be impossible, but it sure will be very tough to handle.

As far as CMC goes, it says 85 bucks as the ATH and right now its around 20 bucks give or take, could it go x4? Sure it could, could go x10 if there is a huge bull run in the crypto world as well, because that's what alts do when there is a big bull run. However, I am not entirely sure if it will be easy, it would probably take a bit of time for it to reach those levels, and not anytime soon.

Is there now an ongoing negotiations about this cooperation and offer that Caroline has asked to CZ? I guess that the plummet that we've seen today is caused by FTT fiasco.

It's scaring most of its investors and they're mostly thinking that this could end up to a Luna 2.0 version incident.

But what's the real scary is that this is an scheduled dump which is known for most in the market and everyone has to make their own reactions through those trade orders.

I used to think in the same way that they might launch their blockchain in the future. But now it's under the attack of CZ. let's see if they'll come out of it or they'll end up like luna.

CZ refused to sell his tokens in OTC market.

https://decrypt.co/113788/binance-ceo-declines-alamedas-bid-to-buy-his-companys-ftx-tokens

lol all this caused by coindesk, started as some bullsht clickbait article - hi slow news day so lets see...we think alameda is holding lots ftt tokens...just saying. --> market total panic:  oh sht! fuk!! if ftt price drops then alameda is fked with margin calls, and yeah ftx is the lender to alameda so it's fked too, just pulling all this predictions out of my ass --> panic panic, sell ftt and cause price drop to self fulfill its prediction --> binance: haha let me pour some gas on fire, we will sell all ftt too ->  PANIC PANIC, ftt price crashes -->  FTX/alameda:  wtf just happened,  oh you fking idiots just created a run out of thin air...fk now we are really in trouble.... fuckkkkk

that's pretty much the summary, gotta love crypto.

Is that so? I've seen a new update regarding this.

Yeah, there's certainly that has a negotiation that has happened and what a surprising turn of event. FTX is about to be taken over by Binance and both of its owner, CZ and SBF had deal with an agreement.

He said he wants to grow the market with other players but it can't be removed to the minds of everyone that this is just pure business and manipulation of the market.

Luck came to me, I sold out of FTT for $19, I have a loss but not much if I continue to believe in FTT I would have lost a huge amount of money today. It's true that anything can happen in crypto, after the announcement that CZ would take over FTX and the price of FTT also went up but less than 5 hours later, things took a turn for the worse. A lot of people lost their money and worse, the FTX blocked withdrawals.

But coindesk was also telling the truth about that, we will not even know the fact if coindest was not even calling for click bait for people to did some deeply research about that. The main problem is also FTX has been using its customer funds to did invest in anything.
I can't even remember how many projects being invested by alameda and this VC is the most active VC. it's pretty much the same like 3AC which already collapse.
Alamda may become the new VC that will collapse very soon. Alameda is trying to liquidate all of its current holding now. Any project being cooperated with alameda was also facing serious problem.
Solana will be facing a big problem caused by there will very big amounts of sol will be dumped probably by alameda. People are in protests to get their money as soon as possible.

If FTT can go down to $1-$2, maybe I will consider buying FTT, but if not, I think I'll also buy it to have some FTT coins and not think if the price can reach $50 this year. $50 will be a difficult target because the decline in FTT prices will continue under these conditions. If you want to buy FTT, maybe you should be patient and wait for the price to drop to $3. But the risk remains with you if FTT somehow disappears from the market. But I also don't know what will happen to the FTT exchange. So you need to think twice about buying FTT. Meanwhile, the FTT price is already at $4.27, which is already down about 71% based on CMC.

I think investment on FTT is so risky at this time. If we see this a condition we faced some days ago for LUNA. I'm not saying that it will happen surely but there is a big chance to lose our valuable money here. It is so volatile at this stage and that's why we should avoid it. Besides, if you have enough money then you can buy some and hold strongly for future.

That "free market" situation is literally because they want to crash it, nothing more. If someone offers you at $22 a piece for ALL your coins, and you instead go with the one that will crash the market if you sell it all, then you picked the one where you make a loss.

But he is right, because while he would make a loss (well binance would) that means FTX would do worse as well. And that is all they want, FTX to do worse, they are an exchange and so is Binance so making another exchange go down as a competition is something they would love to do. Why not destroy another exchange if you have the power to do that? It is only a good business deal for them, and it would bring them more customers.

Well, now we know...  Sam was playing leverage games with customer funds and now we all lose...  Amazing how with a net worth of over 15 billion dollars and running one of the largest crypto exchanges in the world, Sam still felt it wasn't enough.  He still felt he had to play leverage games with customer funds to try and be worth hundreds of billions of dollars.  When you see him talk about how he's going to give away all his money and how he's making all these political donations, it seems almost impossible that at the same time he'd be gambling with customer funds.  There was no reason other than greed, and it's a shame that regulations aren't in place to stop that sort of gambling.  Now I wonder if Sam is going to be criminally liable for what he's done.

Maybe going to Zero soon !!

Binance has backed out of a deal to acquire FTX. That means SAM has played a big game with customer's funds, victimizing innocent crypto traders whose funds are still stuck in FTX and who have lost money investing heavily in FTT tokens. This is another lesson for crypto investors to never trust any project blindly.

https://i.postimg.cc/C57ZcmJb/Screenshot-20221110-030638-Twitter.jpg

Source: https://twitter.com/binance/status/1590449161069268992?t=kAnPqU_FBxBhIeAzvG2dpQ&s=19

The real issue is they are using their own tokens as collateral to get loans, just let that sink in for a minute how fucking crazy that is, the fact the risk management allowed this to happen is beyond comprehension, total clown show. All those fuckers need to goto jail. That’s why you never put money in those exchanges outside of US regulation regardless how fancy their marketing / cover is.

Using another example for those of you still don’t understand….imagine a large us bank like chase or citi stating they have 5 billion in asset/collateral, and used it to get loans from everyone/outside investors. But what it doesn’t tell anyone is those 5 billion “asset” is actually its own stock shares at current market value.  So if something happens to the bank, be it baseless rumor or anything, that cause its stock to drop, all of sudden its asset also just got reduced, which in turn will trigger margin calls and negative view of the company, which trigger further drop on its stock….see where this is going.  I work in finance for almost 20 years now and very closely with the risk team, was chatting with them today and they thought I was bullshitting, refuse to believe a bank much less an exchange this size are allowed / are doing this, until I showed the articles, totally stunned just unreal.

It is incredible how things can change so fast in the market of cryptocurrencies, one week ago when this thread was made the OP was wondering when the FTT token will reach a new all time high, now just one week later we are wondering if such a coin is going to hold any value at all during the next months, as now that binance has decided to stay away from this mess then I do not see how this token is going to be able to retain any value.

After analyzing the financials, Binance is not buying FTX, so what can we expect from FTX token? For CZ, this has always been a power move, and the goal has never been to help the industry, but to obliterate competitors. Here, there has been an astounding amount of market manipulation. As long as FTX Token exists, there will be flooring. It's all about trust! Now is a shaky time for the crypto world. The crypto space will only suffer as a result of this. We will get to the other side.

It's time to stay outside of the fiasco. The lesson from Terra is still new enough. Don't jump in if the fiasco has yet finished. It is not too late to jump in because after a fiasco ending, there are so many conditions must appear to result in good recoveries.

Jumping in too early will put you in high risk and catching a falling knife is not smart.

It is not a gift for CZ and Binance. They are very smart and worked carefully and smartly. Two bear markets did not kill them and it is a very good quality testing for them. They got two certifications from 2018 bear market and 2022 bear market.

Trust is decreasing after fiascos of Terra and FTX. I did felt funny when people naively and automatically believe in Venture Capitals and big exchanges. They filter and choose new cryptocurrency projects that they believe are good and potential simply because there are big backers, VCs, exchanges behind.

This projects that have crashed during this bear market are the cause of their own downfall. FTX crises didn't start today as they have been known to be fighting other exchanges especially Binance. The CEO has been secretly partnering with the US regulators to bring down Binance since Binance didn't have a strong ground in the US as they're heavily China funded (actually the China funding part was a rumor but since there's always some atom of truth in every rumor, we can't just look past such rumors).
Binance destroying FTX was the only logical thing to do as if SBF is left alone, he'll destroy Binance and all the industry has been able to achieve so far. It's quite unfortunate that a guy once love by the whole industry could turn out to be the foe of the same industry that gave him all the wealth he now has.

Too quick for Binance/CZ to not pursue this acquisition. They've probably seen that it's on the verge of its death and no helping hand will be able to help it. As for the FTX token, it's going to drop more and will be dumped by most. While those that can't withdraw on their own platform, they'll just continue to trade it and play for the token until they are able and allow the withdrawal again.

We may result temporarily but this is totally fine to happen for the market to grow again for the next years. I guess we have got all enough sign that the market will do better next.

Yes, it might be very risky right now, but that's okay because I have free money that I don't use for anything. So maybe I hope the price can be lower than it is now so I can take the opportunity to buy it at a low price. After all, it's not big money, so if FTT does lose value, that's not a problem for me either. And with the current market conditions, it will be very difficult for FTT to recover or survive, but maybe we will see something from this FTT project in the next few days or weeks.

Now you know why people weren't considering it as in the cryptocurrency market, Binance has the largest share and they can make or crash a project. You're better off investing in a project that has binance cooperation and backing them those fighting against or in competition with Binance as they can never win. Binance is the biggest exchange because they're innovative and transparent. If I was to invest in any exchange tokens it'll be those that has understanding with Binance like the local exchange that get funding from binance.
FTX is dead and their exchange token is also dead, once again history proof itself to not bet on projects that haven't survive one bear market as they don't have the experience needed to survive. Also bet on the project with experience like Ethereum etc.

This happens when there are greedy people behind a project who are looking to make big profits by using customers' funds in various ways. This is an unpublished result that crypto traders cannot imagine, that Sam was sitting behind the scenes making such a big blunder. He admitted that all the decisions he had made so far were on the wrong side.

https://i.postimg.cc/FKkhrkDt/Screenshot-20221111-014221-Twitter.jpg

Source: https://twitter.com/SBF_FTX/status/1590709166515310593?t=IcMQft3EHVYB49jBdAvXQg&s=19

He did say he will not sell it on OTC, that part is true, but will they still acquire FTX? That part is not known. I am guessing that the best thing to do right now would be wait it out, there are too many things going at the same time and it would not be smart to take a decision right now on any direction.

Just wait this period out, let’s see what happens, and after it’s all done we can go back to checking what to do. That’s my own opinion, but maybe I am wrong and it would be smart to take an action right now, who knows. If you really think that you could do something right now and profit, then go ahead, I will just wait and hold for a while longer.

It's risky to buy FTT token because there is more that meet the eye, I don't believe that we already know how bad FTX situation is, news lies, people lies too, they will do all they can to make the whole situation less serious..

Imagine what could make CZ say no after he has agreed to help FTX out by taking over the exchange, the damage is enormous, FTT can go to zero.

No matter how much you say this, people will always reach out for that falling knife.  The idea that it could recover and they make a fortune is just too much to resist.  You see it a lot with newer investors who think the massive and quick volatility is their best chance to make money.  Personally, I've found that people like Warren Buffett are right when they say that it's better to own good companies than whatever is hot at the moment.  Why own some garbage like FTT when you could own BTC?  It's common sense that people overlook sometimes out of greed.

What is happening right now with Alameda and FTX is for the greater good, now people will take dex more serious than before, also Ledger and other hardware wallet companies will sell so much in coming months, it's time that people will take hardware wallets very seriously.

Big crypto exchanges will have to always show proof of reserves before they can run in some countries like the USA.

It's all well and good.

Sam just filed for bankruptcy and he has stepped down as CEO. This is hard on him, after being part of billionaires list, he's got his own wealth out of it to $0 so fast, within less than a week.

News: Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy (https://www.cnbc.com/2022/11/11/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html)

That will happen for sure. People will not keep away their balances off exchanges and will start to look where they can really have it securedly. And that's through hardware wallets and for those that can't afford it yet will just have to keep it on their desktop wallets.

There’s mo option but to deal with this and look for alternatives, FTX already gave up by filing bankruptcy and Sam already abandoned this project. We might not see the peak of FTX anymore as they enter into their last effort of recovery, this will not be easy for them to rise again and there’s already a trust issue with this project, Binance wont help anymore.

The issue about liquidity is to big and I'm not convince that they can recover after that since many of their investors including binance which trying to help them got dismayed or backed out since they see how really bad their situation is right now. Maybe for what controversy they are facing on this might be their end and their CEO will be in big trouble knowing how big the amount they need to deal with. I'm also skeptical about FTX will rise because maybe this is the end of their project.

If you are still holding FTT then its game over this will going to 0 in a few days as news broke up just some few hours about FTX was hacked, looks like another inside job they are all running away so stay away from FTT, you are lucky if you withdrawn all your assets before this incident but now withdrawals are halted.

No, it's not going to beat its all time high because it has declared a shit coin in crypto currency market so don't expect massive surge in the price of FTT. The exchange has already collapsed and probably FTT token holders are stucked in this dump game that's why it's always said only invest the amount which you can afford to lose.

https://www.ltccasino.com/cryptocasino/ftx-collapse/

Pretty much.  That's why I always laughter when people say "no way...." and follow it with some statement about a coin Not being risky.  Been saying the same thing about bnb and peoe don't want to hear it.  Lots of money lost this week, shame.

It was without a doubt a power move, but at the same time if the move was made by binance and FTX was a solid project at most we would have seen a few days of downward movement, and then there will be a recovery and everything would have gone to normal, it is because FTX was in huge problems and they were doing all kind of things with the money of their investors that this happened, so even if it was a power move the collapse of FTX was inevitable anyway.

Assuming CZ will sell the entire $500 million of FTT, this would cause some serious dumping but it wouldn't kill or destroy FTX if they didn't have the problem in the first place. This is not a show of power by CZ, the problem is that FTX used investors' money shady leading to the company's trouble and it only takes one more slight impact and they will collapse.
Although the crash has an impact on the market, it should happen now, it shouldn't be painful later, the wound will be much bigger.

At this point it wouldn't even matter. At the time of that tweet, week ago, those FTT's were worth $500M and FTT was worth $23. Currently FTT is worth $1.9 so it has dropped -93% making those $500M meant to dump worth $35M to dump. But most likely for the fundamental analysis it will just drop more before they can sell even that.

Edit: At the time it took to write this, it dumped another 5%. Not going to fix the numbers because it would probably just drop more

So many companies are doing that kind of practice. It's becoming a common thing but many of them are still operating smoothly but for those who failed on their plans of growing the money more then they are now fcked up and as well as the customers who entrusted their money on them. If only they will be contented on what they are earning, then things like this won't happen anymore but I guess it's too late already for Sam and his company FTX.

They already destroyed the people's trust. On topic, I don't think FTX will ever reach an all time high of 100 dollars, now that tragedy like this have happened lately. An all time low, is the only thing that is possible for this coin right now.

It seems strange to me that the trading has not been stopped completely yet.Only today deposits on major exchanges have been disabled.All the news was known on November 6.For more than a week we can experience a slow death.

this is how business means  ;D there is a lot of amount at stake here so yes  the trading is still on while the whole market  is bleeding because of this issue .
and like what many says recently , another Mt.Gox with some small different approach .
good for me that I never tried putting a cent in this one though friend of mine is now crying with this losses.

looking at this thread and everything that is happening, it shows how some people in this market are very deluded, before this whole disaster there were people who still dreamed of 100$ that the price could reach, and without a doubt they invested thinking about it but when you look at the whole disaster i wonder how these people are feeling today? and will it be that after that they didn't fall into another scam? Will they stop being greedy? the pursuit of high profits leads people to frightening losses.

Manhattan District Attorney's Office probes FTX collapse: Report (https://cointelegraph.com/news/manhattan-district-attorney-s-office-probes-ftx-collapse-report)

the bad news keeps coming every day

How quickly the situation has changed, even though not much time has passed. Now investing in FTT is as risky as investing in LUNA. At any moment, the token can lose its developer and community support, and quietly die among thousands of other tokens like it. FTX is bankrupt, and its former CEO is also bankrupt. Now the token is suitable only for short-term manipulation, for a long-term holding this token now looks extremely unattractive.

One thing that newbies need to take into account is that even if projects like FTX and Luna which were popular with the community can collapse almost overnight then what can we expect out of the thousands of altcoin we have in the market? The truth is that they are even more risky, so I hope they understand this and from now on they refuse to invest in all of those coins and instead they invest in the only coin we know that has strong fundamentals, and that coin is bitcoin.

That stands only one thing , and that is for us to be safer then best to invest only in Bitcoin (or at least majority of our funds to be in BTC and small part only for altcoins)
FTX  and LUNA is truly a disaster in crypto world that happens in same year , so are we expecting another huge dump from altcoins before the year ends?
lucky for me that I never even invest a penny in any of these two projects.

It's been heartbreaking to see the collapse of a supposedly strong altcoin that was said to be competitive with the binance exchange just crash with senseless drama.
To be honest, this year has been terrible for investors, it turns out that after Luna there is another FTX, I can't imagine what if Binance collapses?

You can't say that it has been a direct competition to Binance when Binance helped them get here at first. They always had them 'in hands'.

The situation (price included) won't get any better, unfortunately. Not even with the new CEO. If you keep an eye on any crypto tracker (e.g. https://coinepo.com/convert/ftt-to-usd) you will also notice the difference between the pairs as well. It is not going well for them.

To be honest, people should not be scared about anything happening to Binance as right now, the regulations would be way tighter.

Yes, it is both sad and interesting to see such an influential company trying to manipulate the market for its own financial gain. Although I personally don't invest my money into FTX, so I know firsthand how frustrated all users.

FTX is on the verge of bankruptcy but that doesn't mean other exchange companies are either bankrupt or cheating customers. I love the BINANCE Platform, in BINANCE User can check all of the customer's assets on Binance from Binance's proof of reserve.

FTX has officially submitted bankruptcy in court, and now investors are angry because of the withdrawal process that is still stopped, this is an important lesson for us, make exchanges for instant transactions, immediately withdraw and never wait tomorrow or the day after tomorrow, because bad things can happen, but If we keep it in the wallet, everything will be safe.