Can FTX Token Beat Its All-time High Of $100?

[maydna]

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.

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.

[irhact]

This is a very potential token that I see most people don't pay attention to, most people just care about binance's BNB and forget about it.

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.

[ScamViruS]

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.

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.



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

[bitgolden]

Is there now an ongoing negotiations about this cooperation and offer that Caroline has asked to CZ? [...]

CZ refused to sell his tokens in OTC market.

Binance CEO Changpeng Zhao (CZ) isn’t interested in selling his company’s FTX Tokens in an OTC deal with Alameda.

“I think we will stay in the free market,” he said

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

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.

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.

[S3300]

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.

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.

[OgNasty]

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

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.

[YellowSwap]

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.

[jossiel]

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

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.

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.

[crzy]

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.

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.

[arwin100]

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.

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.

[ice18]

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.

[Kunnu]

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 for 2022 is bullish since it can't break the help level. We can anticipate that FTT should reach $50 this year.

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.

[I794]

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

[wheelz1200]

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.

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.

[Silberman]

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 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.

[posi]

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 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.

[o48o]

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

[savetheFORUM]

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.

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.

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.

[nimogsm]

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.

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.

[bitterguy28]

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.

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  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.