Bitcoin Forum

Every market situation always have a high impact on alternative cryptocurrencies more than Bitcoin, this is due to so many features that differentiate Bitcoin from altcoins.
Even though alternative cryptocurrencies are best for short-term speculation and not meant to be held for long due to their unstable market reactions.
So the question is.
1: What is the impact of FTX bankruptcy sega on your
    altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already,  but we can't be certain how long that recovery will last.

I mean unless ypu literally had coin on the site and completely lost it then you could determine it.  But in terms of price going up or down you can't specifically say it was directly related to tlftx closing or not.  Am I missing something here in terms of what you are asking?

1. Not that much since I don’t have an account on FTX and I don’t hold any altcoins that are connected to FTX so I’m pretty safe from their exit but not in the bear market in general.
2. Still on a lower level which I can’t see any significant changes, I guess the market is still far from that recovery, I just focus more on accumulation right now.

1. Literally on FTX then we are just the same since i dont hold any funds on that platform but cant really deny that in overall which it did might cause to contribute on the current bear market that we are facing today.
2. Not that much since we arent that moving high and we are still sitting  on probable bottom but it is really good to see that at least we do have that normal day on seeing some green candles.
Most of the coins that i've been holding is mostly on inside top #10 coins in the market which we know that it is much worth on holding it out rather making yourself
do play with those low  caps.

1. I have an account on FTX but I don’t hold any funds, probably loss my personal data there and I don’t know if I got exposed on a lot of platform because of that.
2. FTX influence the bear market, honestly I lose some funds because of the FUD and I was not able to sell right away, fortunately its not big. FTX is dead, no more hope for this and if you got trap better to keep going with your other investment.

1. We all have been affected by it so the same goes for those people that have lost a huge portion and value of their portfolios due to FTX's fiasco.
2. I don't know how high or low the recovery for my portfolio has to happen. But one thing that I am sure is that I'm also able to buy cheap coins during this crash or bear market.

1. Since Bitcoin was affected by the collapse of FTX it's also the same as the altcoins since we know that the price of altcoins was tied up with the Bitcoin price.  Another is the data that you've submitted on the FTX might be lost or who knows it will become at risk.

2. When FUD was widely spread, it takes too long for the FUD that will disappear, which create panic among the people that resulted from the price of Bitcoin going down.  But yeah, I saw now the slow recovery of the price but it's too early to say it is because it could be a normal resistance.

There is more discussion stating FTX as teg reason for the ongoing market downturn. According to me, even if the FTX issue haven't arisen we could've experienced similar market situation. It is the regular market and FTX issue is just a part. I haven't got much of holding, so I'm on the safer side.

The market crashes over time have happened for different reasons. Now the crash happened close to the FTX incident and for the same everything is connected to it.

according to what I feel, the impact is not too big because I invest in quality altcoins that have a top 10 ranking. so even though there was a decline in the past, at least there will be a high potential in the future. and now the altcoin that I have is starting to experience a fairly high increase.

so what I feel as a result of the ftx collapse, is not too heavy, fundamentally because I invest in quality altcoins.

For me, it was tough and the worst experience ever because at first, I thought I was already safe of the recent dump we experienced last year like when Luna started, that's the time most of my altcoins are already converted to stable coin and FTX is the cryptocurrency exchange that I trusted for my stablecoins and I staked my stablecoins just to earn some small interest but shit happens.

I did not use FTX exchange and did not invest in or trade FTT token so my portfolio was not affected by the crash of FTX exchange and its token FTT.

Unfortunately, my portfolio was impacted indirectly and I believe most of people were impacted too if they did not have cash for their portfolio. Stable coins are not safe in past months too.

The fiasco of FTX exchange and crash of FTT token created massive panic on the market. Many altcoins were impacted and fell down too which are not good for people who have too many altcoins in their portfolios.

The crash of FTT is still smaller than a crash of LUNA token that could impact more people individually but in market generally LUNA token crash had smaller impact. FTX and FTT are bigger than Terra and LUNA in market caps and relations with other projects, cryptocurrency companies.

I am a holder of FTT token and I had to sell 15% loss when rumors about it, I can say I was quite lucky in the last crash of FTX. Other than that, I don't have any extra influence as most of my assets are bitcoin and USDT. The FTX crash only caused bitcoin to drop from $17k to $15.5k, so it's safe to say the damage isn't significant. I think the ones who suffered heavy losses are FTX users and investors iSolanana, sol is considered the project that suffered heavy losses after the FTX crash.

Mine was pretty good because I was able to convert it before the disaster came and I managed to flee from the crypto market before my portfolio became bloody red after what happened to FTX. it really affected the entire market and it's still the same reason why people nowadays have doubts about putting their crypto assets in exchanges because they fear for themselves to fall into the trap of exchanges like FTX where they first give their users some good freebies to attract them but in reality, they have the plan to steal their money in the future. Right now, we need not rush in anything regarding the crypto market situation because of the current bearish trend, things are not yet going to recover the way it was before the FTX incident.

You have a good point. When FTX crashed, bitcoin was worth $17k; after news of FTX crash was announced, bitcoin dropped to $15k. According to me, this is not a big drop so I can't say that FTX is the cause of the market's downturn. We started a bear cycle from the end of December 2021, and bitcoin plummeted from $69k to $30k, then the Luna crash caused bitcoin to drop even more. With or without FTX, the market will crash as we are in a market winter cycle, and in each of those cycles, there will always be more reasons for bitcoin to plummet.

Well, altcoins take about 30-40% of my portfolio, so I felt it pretty hard, and BTC fell too. But I'm not selling anything, I strongly believe in my portfolio. Bought some more while I could, so I guess in long term I might be winning.

Unfortunately, the FTX incident had a major negative impact on the market in general, whether Bitcoin or Altcoin. Today there is some green in the market, but this does not mean that the market has really begun to recover. I think this incident will continue to have a bad effect for some more time.

In general, my portfolio was affected a lot and I lost about 70-80% of the value of the altcoin that I keep in my portfolio. I only keep altcoin for speculation and do not hold it in the long term, but I could not get rid of it in time before the prices fell.

My loss is big but I haven't lost hope yet, I hope the market recovers again and I get compensation for these losses.

The entire cryptocurrency market fell significantly because of that FTX ugly event and not only alternative cryptocurrency bitcoin indeed slip dipper in it price even though the price dropping started long before the bankruptcy note that cost much fuds in the market and led to a 20%-40% drop in some coins even some coins dropped to zero in the face of the crisis that lasted for almost 2 to three weeks and beyond to this point.
70% to 80% is a big loss but since there is already a recovery sign then it will take some time and you just need to wait out the time, bitcoin most especially have been showing some level of uptrend moves but the market forces always pull the price back each time it attempts to break the present level. And it also good that you took advantage of the present condition to restock your portfolio with new buying since this is the best time to buy.
Good move most especially if you portfolio consist more of bitcoin you can be confident to hold for long and wait for it market to recover because it will definitely recover at some points, but the truth is, some altcoins may not fully recover so if your portfolio consists of such coins you may have to prepare for a long wait than regular because it will take a significant pump to get them back on track but all the same its good you said you already make up your mind to wait.

Didn't have any funds there and my portfolio was already in the red before it happened, so it didn't really impact me that much.
Those who do not have assets in FTX will not experience a long impact because before the case appeared the crypto market was already in a bearish state and where many have experienced a decline in assets in the USD value, only those who have assets in FTX and have their tokens are still struggling to get up, not yet keep up with developments whether all of their user assets there can be withdrawn, if not you can also because I read that at FTX Japan there will be withdrawals available in February so they still need a longer time to cover all losses due to this case.
source (https://www.cnbc.com/2022/12/30/ftx-japan-users-will-be-able-to-start-withdrawing-funds-from-february.html)

At first when the FTX crash obviously took everyone's portfolios into a tailspin, but that didn't last long as I was prioritizing Bitcoin let alone having an emergency fund to accumulate in December. So if we talk about how dependent it is on people investing in altcoins, it's probably going to be a little bit slow in terms of turning around. Bitcoin is now starting to recover and I'm still getting profits, for the impact of FTX it looks like it's over. It's just that we still need to be careful that there is still a lot of finance that Alameda currently has on hold. It could turn the situation around.

Close to nothing. I think my portfolio originally only had a small amount for altcoins in the first place at the time? It was after everything was over that I started adding more after all. I also had no FTX account so my coins were pretty much safe. If we were talking about Bitcoin which make up almost all of my crypto portfolio then it might be different though, that was a pretty big hit but considering I already started investing at $30k, it doesn't really feel that much.

I was not impacted in the sense that I do not trade,I mine altcoins and the few I mine I choose altcoins who I think will not be for short term speculation but rather for long term profit.I explicitly mine ETHW,ETHF,RTM and ZIL as I believe these 4 to be some important ones for the next bull run.

Since I do not spend any money on these except electricity costs because my rigs have already paid themselves in 2021 I think the bankruptcy of a centralized exchange does not impact me that much except the price crash that it provoked soon after.

Well, the FTX scam issue makes a huge impact on the market in general and creates a huge price drop causing my portfolio to drop as well. However, it was just a short time and it recover slowly after a few days in red. I was thankful that I'm not a victim but I was really disappointed because a lot of people trust them and expect ROI from putting their money in, yet their expectations had failed and lost their money. It causes a traumatic impact on those people and was not sure if they still trust other exchanges now.

Actually none. At first I did created account on ftx but I did like the UI and design so I didnt use it, so its a good grief for me that I didnt put any funds on that exchange. I knew some of my friends was devastated since they are fond of using ftx and some of them didnt manage to withdraw some of their fund due to restriction.

Fortunately, I wasn't affected by the hack as I don't have FTX account, in addition I mostly hold Bitcoin and don't hold coins like FTT and Solana which made the highest drop down. The effect I had is the effect that all holders had, I mean FTX collapse generally affected all holders of Crypto because it was the catalyst for the recent drop down wave. In every cycle, there should be a black swan events, and in this one we have had Luna and FTX collapses, I hope there's no other events like these.


It seems Solana price has well recovered some of the losses, but I think the project lost credability as big part of the capital locked in Solana was moved out to other chains, so it's like a useless chain now.

I agree, Generally the FTX crash did affect the whole market that create another havoc in altcoin and even BTC prices. Terra still affects the market that time but yeah we are still on a bear market and we can never expect that another bad situation wouldn't happen again. People shouldn't never expect a ROI in crypto, Let alone FTX/FTT given that it is a volatile assets and prices could be very uncertain. People should stop having delusions of expecting ROI on crypto at a given time, I think it gives like a big expectation for newbies that they will receive a sure returns.

I don't know, maybe I was living under the rock, but I didn't trade or use FTX at all. Of course I heard about it , but dunno, maybe I smell something fishy with it meteoric rise in just short amount of time.

1. With the collapse, definitely it affected almost all crypto currency prices, so majority here see their money going down because of the collapse.
2. Still so-so up to this day, but definitely not the end of it all so it's better to not look at the negative. But continue to accumulate as much as we can because the price is still cheap. We should go on and look for our investment and not be negative about the impact it has bring to us. Look long term and you might feel good with your continuing accumulation in this bear market.

considering that it quite literally brings down so many altcoins out there even btc included, I think it is quite significant, if counting from luna crashes until now I guess my investment has lost about 70% of its value. I think everyone that are still have their investments in general are losing about that much of value, after all the effect of these crashes are tremendous.

I'm still sorry for those who have lost their funds on the FTX crash and still on the process of recovery. Luckily, I have not been involved with using the FTX platform, not even once.
I noticed, not a lot of people lost their funds with the incident based on the posts regarding the issue. I guess, most of them affected ones are coming from a different crypto community, maybe through social media, coz those people are actually very susceptible to scams, hacks and stuff like that.

He not only influenced me, but also the market. The already sluggish market has fallen into a cold. I purchased a small portion. In fact, this incident also tells us: Don't put all your eggs in one basket. Don't miss any news from the market.

Indeed, when the FTX fraud problem and the collapse of FTX had a very negative impact on the continuity of the crypto market, even all investors also felt the impact of this for some time, although not long after, market conditions gradually began to revive.
And this opportunity is used by irresponsible people by spreading FUD periodically for the purpose of making matters worse so that the market is getting down until the price of crypto assets really reaches the lowest point and they are used by them to be able to buy crypto Bitcoin, especially at the lowest price. lower and larger.
I myself also feel the impact but still remain confident to continue to keep crypto assets in my portfolio and continue to believe that conditions like this will pass soon.

As everyone else i was also very much affected by the bankruptcy of FTX of course, but to be honest at that point my portfolio was already down so much that it didn't really matter anymore anyway to me. Back in may of 2021 during the height and the end of the last bullrun my portfolio had a significant value, even for first world standards and i think at that point i was like at least x100 in the profit zone. Of course i did not sell because i am a notorious holder and i always wait for a life-changing portfolio value and then the bear market came and even before the whole stuff with FTX happened my portfolio value was already down to a x2 of my initial investment and now i am maybe at a x1.
So yeah definitely a big loss because of FTX but after all that dumping the months before it did not really matter anymore to me.

1. FTX Bankruptcy does not affect my altcoin portfolio as I do not hold any FTX related coins, and I am grateful for that.
2. I haven't seen a big recovery rate in my altcoin portfolio, but that's okay because it will increase and profit me.

The recovery phase may have started because we see that the bitcoin price has been able to return to its current price even though it is not as high as we expected. But this is a good sign that can give bitcoin investors some hope. We still have to wait until the price can reach the price we want.

FTX fucked up my portfolio really badly. But then again, my eyes are focused on the 2024 and 2025 markets. So I managed to take advantage of the situation. I bought some altcoins and bitcoin at $16k and I am still planning to add more before it goes back to $19k and $20k levels which were the price ratio before the FTX crash. The same with altcoins although I think I have too many altcoins on my list and it makes me confused as to what coins will I buy next. Hopefully, there are no more big exchanges to crash again as regulations are stepping up to avoid these types of problems in the future.

Of course, my altcoin portfolio became more unprofitable after the November events than before. Some of the altcoins I was buying at the bottom showed a new bottom because bitcoin dropped sharply to $15,500, thereby pulling all the altcoins I had in my portfolio. Now the recovery is starting and my portfolio is also recovering. My portfolio is not short-term, so I don't panic too much when I see temporary drawdowns.

I don't get any bad impact with my portfolio assets trough FTX crash and collapse last year, but I was sadly about my friend condition right now after losing fund above $200,00. Loss opportunity with FTX as place for me convert ETH as fee for swap or sending erc20 coins.

I lost contact with him after few weeks when FTX crash until right now still can't communicate with him, ever he tried for selling his assets when first time FTX crash and sell with values under $30,000 with fund having above $200,000. I don't see any ine interested and want yo make gambling buying assets in market have going crash.

Since my portfolio is mostly bitcoin and some ethereum, I dont see much impact. Besides the only impact that we need to consider is how badly the market falls so we get a discount to buy at low prices. Shitcoins will be volatile to any sort of news and the news of FTX have shaken them a lot so much so that I predict many of them will never be able to recover their break even prices for many traders, sadly.

This is why we must vow to never buy into random shitcoins available across the market. The coin that we need to accumulate is bitcoin and maybe some of the top five altcoins. But keeping the crypto portfolio limited to these makes our chances of loss much less.

Well, i don't really have an altcoin portfolio per se, neither did i hold any coin on the FTX exchange, so from my own point of view the impact is zero. I don't thik the FTX saga affected altcoins all that much, what it affected is centralized services, quite a lot of them that had one affiliation or the other with FTX lost so much money through FTX's downfall, this led to some of them going bankrupt themselves, whilst others are still struggling to recover from the losses. Having said that, the individuals that this saga destroyed their portfolio are prolly those who had any funds whatsoever in FTX, and i'm afraid, for many of them there might be no such thing as recovery in sight.

I accept the fact that we need to prepare ahead for the next Bitcoin halving cycle because we believe the price of bitcoin will rise after the halving which is expected by 2024. But if I may add my 2 cents to your choice of investment ahead of the next bull run, you should try to access the basis for your decision on the choice altcoin can be very dangerous and most of them don't rise along with bitcoin when there is a bull run and because of that, I would like to concentrate more on Bitcoin since there is some certain level of degree of possibility of a next bull run but most altcoins can't be certain of making a price recovery that could meet up with the next markup bull chain.

You best start accumulating.

How would i know it? Everything in this market is connected and nothing happens in isolation. I am guessing that crash of UST had way bigger effect and bear market started way before FTX. How big part of the crash was because FTX it's hard to say, but i am rekt after taxes.

Current situation in the real world doesn't help either with prices of everything growing i needed to cut my spendings as much as possible to even survive.

I agree with you on the high inflation rate that has affected the price of goods in the market even gas and petroleum products price have also skyrocketed globally, and the impact of the whole bear market situation on the price of most coins even Bitcoin have faced a huge decline in price before the FTX situation but even at that, it impacts on most of the market assets have been felt greatly. Quite a lot of investors lost some significant drop in the total portfolio, but we have also noticed from the response of some members of the forum have made it clear that some never trust their assets with third parties so they have the coins stored on the cold storage wallet of exchange,  so they never experience it direct impact but it had a general impact on the market.

First of all I didn't created an account on FTX till now, because I had only preferred Binance for the use or I had also stored my all funds at the Hard wallet, that is simply amazing. The wallet in my hand means the assets in my hand. So, the FTX Crash didn't effect my portfolio at a larger scale but it may be somehow.

I have to say it's going to be pretty tough to handle all these big reactions in the market and it's not something we overcome in a day. This is why it has been quite troubling and it would be pretty long time since it happened and we still haven't reached back to 20k levels which we were at when this happened.

This is why it would be very important for us to reach back to 20k levels, because even though it doesn't mean anything in a financial situation where we are talking about something that would be quite amazing because it means we are over FTX and that would be great. It's definitely something that would help everyone at the same time and it would be a proof.

The major effects was to those who held their fund on that exchange, sorry for those who kept their funds over there, basically is a generally effects that affects the entire crypto market, which some of my investment dropped in $ values, most especially my BNB token. Today i can still see some significant changes meaning there's hope to recover them all.

The effect on my portfolio was minimal, since I am only holding bitcoin I was affected when its price was down but since I did not sold my coins then the current recovery has being enough to offset those losses, because if I remember correctly I think the price was a little bit higher when the whole FTX fiasco went public, still it is not difficult to imagine that many people have lost a significant amount of money, and it will be impossible for them to recover it for those which were invested in FTT.

That's not a bad one, I have stopped mining long ago, and all the friends I have already sold their machines so I believe that you are still doing something noble by keeping it all safe and secure thanks to your mining.

However, at the end of the day if your mining became less profitable, or even not profitable, that means you were impacted, did you made more profits before FTX or after? That should have a clear answer to this question. If you are making less profit now compared to before that means you were impacted, if you are making similar or more than that means you were not impacted. There is nobody that could say it's irrelevant, you have to check and see.

I personally didn't really have any impact because I didn't actually store my assets in FTX and obviously this wasn't a real loss in terms of coins especially since I also don't have many altcoins which makes me not get too much effect here.
But maybe a lot of people are saving here for a lot of losing trades but this can also be a real lesson regardless of anything when investing on the exchange of course we know that it is not very safe in any condition.

Fortunately, none since I’m not exposed to FTX and don’t have the account on that exchange as well. Though some good altcoins are also affected by the FUD which I think is one of the reason why its down until now. Recovery is still not with my portfolio, they are still down and remains very volatile, the small pump is quiet not stable and probably it can still dump, bear market is still dominant, I’m just holding for now and waiting for my next move.

We can't deny OP that because of FTX the market prices drop and everyone is affected. Though it badly affects my portfolio, I'd never find it unreasonable to become worried and panic about the future of my investments. Now, as we can see the market is able to recover and this is probably because people aren't too emotional when it comes to this issue anymore. It somehow gives some market shake but that was only for the short-term, the market will still move forward as long as holders and investors have trust on crypto.

That is true. Everyone was affected, directly or indirectly, because the scandal has reduced the confidence of investors in crypto market, which retreated their money from volatile assets during 2022, but right now things are looking a little better for investors in general, as Bitcoin and Ethereum are recovering. On the other hand, investors who had funds invested in other altcoins, especially the ones which are more unstable and less reputable may find themselves more affected than us, as some projects were more exposed to FTX and Alameda.

Altcoins are not as big as Bitcoin so they are slightly fragile and can react easily to any market condition but there are still alts which can work well in long term. It can be an older alt since it's more trusted and it can also be a new alt because there might be more to come from them but we should be careful on this one.

Always do a proper research first. Now to your main question, of course, the impact of FTX bankruptcy is very bad in my portfolio but I am still in control because I am not new here anymore and I know that it's only part of the game. A game where weak hands are going to be eliminated and the strong-handed ones shall remain at the end.

And while it is true that everyone was affected by the scandal that FTX created, at the same time this is the kind of event we should expect during a bear market, so in the great scheme of things not much changed, however I will admit that it never crossed my mind that one of the exchanges that we will see going down during the bear market was going to be FTX, however now the market is showing and impressive recovery and this should help us to finally put all of those bad news behind us.

the impact of this crash is indeed devastating, big share of my investment portfolio was affected greatly that i'm sure majority are also impacted, even luna is already devastating enough, the ones that didn't get affected are the ones that didn't invest that big considering even btc and eth are also getting affected, even though many says its caused by bearish, but had it not for all these crashes i'm sure this bearish not gonna be this massive.

to be honest I very rarely include bitcoin in my portfolio and only include bitcoin and ethereum in it. but I still feel the impact of the FTX crash which caused the market to be more severe at that time and the price to deepen.
for the current recovery rate it's been decent for me when the current market starts to recover a bit and will get even better when the market starts to be bullish it will recover further

Not many of us are customers of FTX and at rhat we may not have direct impact of the bankruptcy as per say, but the effects of the situation resulted into the crash in the market price of most assets.
Bitcoin and the rest of the other coins witnessed a massive sell-off, and until now the market is still trying to recover from the aftermath of that ugly situation that happen some time ago.

agreed there are many that thinks if we're not this platform customer then we're not affected somehow, but the truth is, I think almost everyone investing in cryptocurrency getting affected, that's because this crash further causes the massive dumping and therefore bearish market that's somehow more massive than usually and prolonged ones at that. Even though I do agreed that customers of the platform was the ones that incurred loss, there are billions of money lost and majority of them coming from the customers, I wish they'd get their reimbursement that they should have.

Same to me because I have NFT portfolio in SOL. When the scandal of FTX began, I suddenly look the market and it's not good because it keeps crashing wherein my portfolio began to lose more than -50%. But as of now, my portfolio is now breakeven because of the series green candle of SOL. I also choose good NFT's in SOL that helps me to retrieve my losses because of the FTX crash. I created an account in FTX a long time ago and the wisest decision that I made is not to put money in there because if that happen, I may get depressed because of what SBF did.

I didn't experience much impact from FTX because I only used FTX to buy ETH and didn't keep my funds in exchange wallets other than exchanges that have representatives in my country
For portfolio recovery, it will take time until the market is really good, I think and it won't be in the near future

There are direct and indirect victims of the crash caused by the mismanagement of the FTX exchange, obviously the ones that were directly affected include those which had their money in that exchange and those that were invested in their token, but there were many people that were indirectly affected, like the weak hands that were still holding their coins but that after FTX crashed they got too scared and believed the FUD and finally decided to sell their coins, if the FTX had not crashed it is possible those people could still be holding their coins instead of being out of the market already.

Portfolio is a group of assets so they will run just like the market runs. Recovering the portfolio should never be the target, in a face of bad news every asset will drop in their price and you will face a red filled portfolio. Your job at that time is to accumulate more to increase assets that were difficult to obtain previously. A badly bought coin is way more harmful that a bad news bringing down the valuation of your portfolio.

Those who had coins stored on the exchange will have suffered irrecoverable losses and they should have learnt their lesson.

The price of bitcoin has now fully recovered after the collapse of FTX. But the price of altcoins is still very low and more time is needed for it to reach the level when the dump related to the collapse of FTX occurred. And this in practice shows once again that holding in bitcoin is more profitable than in altcoins.

because i don't put my assets in FTX, so i don't receive any impact and also i prioritize bitcoin all this time and only have a small part in altcoins.
and I also didn't make any additions to add to my altcoins, because I only prioritized adding bitcoin gradually and that was before the FTX case happened, because whatever happens in the crypto world I always believe that bitcoin can still be relied upon and able to bounce back.
and what matters the most in the case of FTX are those who keep their assets there, and I can only say, you guys have to be patient and take this as a valuable lesson and be more careful in choosing exchanges.

New FTX Chief Says Crypto Exchange Could Restart  (https://www.wsj.com/articles/new-ftx-chief-says-crypto-exchange-could-restart-11674143168)
In his first public interview since taking over the failed cryptocurrency exchange, John J. Ray III said that he’s open to the idea of rebooting operations
FTX’s new chief executive, John J. Ray III, said he is looking into the possibility of reviving the bankrupt crypto exchange as he works to return money to the failed company’s customers and creditors.   

FTX is also a leading exchange in the market, it can be said that we cannot tell which exchange will crash until it does, even with Binance, there is no guarantee that they will not crash in the future. It is tough to completely stop using exchanges, what we can do is limit their use to store our assets, only using them when necessary. For traders, it is recommended to withdraw all assets to a personal wallet at the end of the business day or just leave a small amount there. Don't trust CEX too much, including Binance.

Exactly, newbies look to make profits when they sell but in fact profits are made when you buy, if you buy a good asset when is selling at a huge discount then you know that sooner or later you can sell it for a way higher price, you just need to hold it and wait for the asset to work its magic and then you will obtain profits without too much of a problem, and this is yet another reason why investing in shitcoins makes no sense since they will never exhibit this kind of behavior.

This is 2023 this sort of question is unnecessary, the FTX drama happened around last year and at that time it real affected many people and definitely causes mental depression and financial set backs.

This is a new year I think those whose portfolio are trying to move over it. So revisiting it by asking such questions aren’t necessary but you can try to find out what we learnt from it.

That's the worst though, when those are affected not just their money but their mental health as well. And that is the one of the worst drawback of this crypto investments. Sometimes its hard to lose that hard earn money of us to the point that there are people who thinks of taking their lives by committing suicide.


Gonna be hard, but yes, they should move on and just take this as a experience under their belt.

Hopefully they can get their money back or at least some, once the court liquidated FTX and SBF assets.

The FTX issue didn't really affect me that much save for the value of some of the coins that I'm holding. Never lost a single coin to FTX, so there's still that but the crash that it brought to my assets kinda hurt. Thankfully though, in the first few weeks of January, we are seeing some good development on the price of bitcoin. Still a long and winding journey to where we were a year and a half ago but we're getting there (hopefully).

Also, if there's anything good the FTX fiasco brought forth to the crypto scene, it is the much-needed awareness that everyone should have on custodial wallets: not your keys, not your coins.

But the market prices of all crypto fell down right? But I get it. You'd only suffer from loss if you chose liquidating your funds by means of sellinh due to panick. For sure those who held up until now suffered because the market price began falling in an instant which somehow triggered a domino effect resulting to the lowest market price since ATH. Unfortunately, some tokens which were dragged by the negative news about FTX, are still having a hard time to recover even if major tokens are now on green marks. Well, it is still not too late for those coins and to not cut your losses in portfolio. What we are experiencing seems to be a spike only and true bullish run has not yet started.

To be honest I was negatively impacted during the FTX crash for while, my asset value went down because of it. The same for other people, my guess. But for whatever reason ^{[other than urgent need]} I don't sell any of my assets especially bitcoin. I stuck with it even though my PNL was negative for days, months until I smiled in early January. I ignore price volatility, while I continue to accumulate and am happy to say that I am currently in the green.

Without panic and good emotional control, we might be able to make wise decisions. Dump doesn't mean dead, and everyone who survived and accumulated last year should be able to smile during January.

FTX holders were mostly the whales and the high profile cryptocurrency investors. Throughout the thread it is very rare to see users affected much out of the crash. From the very beginning it is being taught, spend what you're able to afford to loss without life getting disturbed. Another thing it is good to go with bitcoin than anything else. It looks like majority of our forum members follow it and that's the reason why much aren't affected.

I am not greatly affected by FTX's saga as I do not have an account with FTX and do not currently hold any altcoins that are connected to the exchange.
However, I am still cautious about the current market in the cryptocurrency industry in general.
It's important to note that the cryptocurrency market is highly volatile and past performance is not indicative of future results.
Hope, SHIB/eCash will fly soon.
Lets see.

Big whales might lose more in value but same in percentages as others. Like they do in every bear run. They will also gain most in value when the prive moves up so there's that.

And you don't need to be FTX holder to be affected. FTX caused mass panic and people were dumping most of their altcoins. Only if you people who stayed in fiat money or shorted something weren't affected. As everything went down it didn't even matter what you shorted.

Unfortunately not every single trader or investor out there has an account on this forum and instead use other platforms to communicate with each other, and out there you will find bots and all kind of users trying to incite others to invest in shitcoins all the time, and since that is the advice they are receiving newbies assume that is what everyone is doing and those are the necessary steps they need to take in order to make profits, which is not the case and instead are the main cause of the major losses they have to face.

Futures only depend on the market price to be able to predict so this was natural. The thing that rocked one market will affect its derivatives too. Now that the dust has settled we can retrospectively say that investing in that coin may have been a poor decision. But we cannot predict which hack or bankruptcy will happen next.

Hence portfolios should be kept on the minimum number of altcoins and th maximum number of Bitcoins. This goes for everyone for newbie to veterans. While an altcoin rich portfolio can perform well too but that is rare to see. Again in such adverse events altcoin maxed folios will suffer the most.

I did not have any FTX coins, so its crash did not affect my portfolio at all. People that complained, that FTX crashed has pulled the market down, should look now at Bitcoin price. It is even a bit higher than it was before FTX crash. In general, Bitcoin or cryptocurrency market only reacted on a situation with FTX exchange. It wasnt a market crash, it was just a reaction, or an opportunity to buy at low price. I could say that FTX crash made a positive impact on my portfolio, as it has strengthened Bitcoin and trust in it. It showed (once again) that Bitcoin price always recover, no matter how hard crypto was hit.

Glad to hear that you have taken the opportunity to buy the top 10 listed altcoins on the market at a low price. I think you've taken a few percent off the altcoins. On the one hand, I personally also still hold top altcoins like BNB, MATIC, ETH and of course I have also taken profits when the crypto market was up. besides that, the FTX price is currently also starting to recover slowly, since experiencing a price crash at the end of 2022.

I will be wrong if am to say that the FXT exchange saga didn't affect the altcoins that I held in my portfolio. Although before the FXT exchange saga, my coins were depreciating already but the moment the FXT clash happened, many of my altcoins that I have held for long lost their value entirely despite not having an account on the FXT exchange.

Since you don't hold any altcoin at the moment why then are you bullish on Shib/ecash you mentioned, and to be frank with you, I never heard the name Ecash before but I know of Shib which is in the same category as dog oin that have also been struggling to recover it market after the last crypto winter that shade off large percentages of the total cryptocurrency market cap.
The FTX sega have affected the general cryptocurrency market for a while now, but at this moment, a good number of coins are already recovering and if any coin is far behind in term of market price and value then the indices for it to recover on the long run is low and investors to be very careful in holding those coins in large quantity.
Better still it is better to convert your investment into more stable assets such as bitcoin.

At least the crash of FTX brought back to the spotlight the fact that keeping your coins at exchanges is not safe and we need to take control of our coins, and even if it is nice to see people being more responsible as a consequence of the FTX crash, it saddens me this was necessary at all, as this is information we have known for a long time, and I am sure that once enough time passes this lesson is going to be forgotten and newbies will begin to once again keep their coins at exchanges.

Bro it's FTX, not the other way round XD

Well it does not matter if you had an account there or not. The event caused market panic and therefore a sell off which is common after any bad news. The effect of that sell off was seen on personal portfolios because all th coins being held there anyway draw their costs from the market which was crashing at that instant.

This is why I suggest people to keep the minimum amount of money in altcoins. At least bitcoin is resilient about such events with time and will hold its ground with gradually recovering over time.