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Author Topic: what is your lost from FTX collapse  (Read 1046 times)
udayantha11 (OP)
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2023 would most likely be as bearish as 2022


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November 12, 2022, 04:11:32 AM
 #1

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
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November 12, 2022, 07:31:12 AM
 #2

$0

I never leave any coins on the exchange, I always move my coins to my non custodial wallet. This is why never trust any centralized party, it's just a gimmick if they offer the exchange has high security and insurance funds. At the end, you can't trust anybody words when you get disappointed by their fault and you can only blame yourself since you're careless.

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November 12, 2022, 09:42:58 AM
 #3

My FTT, it's stuck. Although the exchange has no assets, it cannot recover the principal if it falls.
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November 12, 2022, 11:15:38 AM
 #4

$0

I never leave any coins on the exchange, I always move my coins to my non custodial wallet.

The result is not to leave your coins on CEXs or not, but in the coins/tokens, which may be like platform tokens (like BNB, FTT), which will collapse if the platform collapses or decreases its value severely.

 - The same is related to stablecoin that will be frozen in your wallet.
  - It also applies to the central blockchain, which may be stopped, halted, or a hardfork.

So its bigger than non custodial wallets to the type of coins.


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November 12, 2022, 12:36:42 PM
 #5

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

I never use FTX not that I did not trust it but Binance for me is the only exchange worth trading even though I read that there's no fee on FTX, your $120 is nothing to the owners who lose over $10 billion from the collapse of his exchange, the market is highly volatile and so are trading on exchanges, you really can't be sure.
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November 12, 2022, 01:02:35 PM
 #6

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
I have an indirect loss and just like everyone who has a loss during this bear market and it's all due to this issue that has been made by the FTX loss.

Your loss isn't that much compared to the lost of many but, whether it's a small or big loss, they're still loss to each and everyone of us. We may have been indirect connection to FTX for those that don't have an account and deposit there.

But because the whole market suffers from it, we're all affected.

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November 12, 2022, 01:16:40 PM
Last edit: November 14, 2022, 05:48:35 PM by abel1337
 #7

Nothing Nada Zero.

I don't have an FTX account and I don't own any FTT that's why I don't lost anything. Though it affects the market and of course me from the latest dump which FTX is one of the factors why we experienced this market dump right now. I didn't sell anything that's why I still considered myself having no loss at the moment. People started becoming aware on how dangerous storing their assets on a centralized exchange after this FTX incident. It's not bad to use a CEX we should just make sure not to store crypto there especially that things happens so fast.
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November 12, 2022, 01:36:13 PM
 #8

I am also lucky not to lose money with the FTX crash as I have never used or registered an account on FTX. 2 weeks ago I was reading news on Twitter and came across a very good analysis about FTT and soon I added FTT token to my watchlist and I plan to research on this token after some time to make investment decision. But everything happened so sudden and fast, after CZ started the fight with a tweet, I removed it from my watchlist. Once again, my condolences to those who lost their money in this incident, investing in cryptocurrencies is an extremely risky form of investment, invest with your money ready to lose.

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November 12, 2022, 01:52:58 PM
 #9

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

I didn't lose anything since I did not keep any of my coins on FTX but the loss occurred since there was a big dump because of FTX collapse.
Obviously we couldn't have predicted this dump but if we would have stayed up to date with the news revolving FTX and the dump made by CZ then we could have sold our coins at better prices.
We could have bought them back now at cheaper prices but yeah we still have the option to hold since we know the market would recover.

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November 12, 2022, 02:15:48 PM
 #10

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

this sentence: " Not your keys , Not your crypto " maybe applies to bitcoin and a few altcoins, because the altcoins that have owners and that are centralized, even when you buy and leave in the wallet you can wake up one day and see that in wallet has 0$ because the altcoin owner sold everything and figured and everyone panicked and sold and the price dropped to 0$. what we all have to do is be cautious, don't leave too much money on exchanges, leave only the amount to day trade

about what I lost, well I didn't have an account on that exchange but because the market went down I lost 20$ because I forgot to exchange btc to usd and save. well, the market is already bleeding and we don't even know how long this drop will last and many people are losing money, I can imagine the guys like president of El Salvador who bought a lot of bitcoin in the 40,000$ how he must be feeling right now, he must be angry



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November 12, 2022, 02:23:51 PM
 #11

$0

I never leave any coins on the exchange, I always move my coins to my non custodial wallet. This is why never trust any centralized party, it's just a gimmick if they offer the exchange has high security and insurance funds. At the end, you can't trust anybody words when you get disappointed by their fault and you can only blame yourself since you're careless.

In this case, if to blame, we should blame ourselves, not them because we said we don't trust banks and we choose cryptocurrency to reduce risk because of centralization of banks. But in the end, we can't get out of that vicious circle just for the sake of profit. I believe that the people who leave money on it are day traders, for the sake of profit, forgetting that risk is also lurking for them.
There have been many lessons about exchanges collapsing but people will quickly forget and centralized exchanges will never be lost.



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November 12, 2022, 02:49:44 PM
 #12

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

None for me.
This is just another reminder to everyone investing in crypto that it's not really good to store your crypto in an exchange. Lucky, you only lost $120. How about the other users?
Unfortunate event like this is nothing new in crypto space. This is a quite similar case happened with QuadrigaCX. Soon, all of us would wake up to a news that what happened with this exchange was deliberate.

R


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November 12, 2022, 03:15:21 PM
 #13

There are no assets in the FTX exchange so this is not a stress for me..

Already know that storing assets on the exchange will involve great risk so I don't keep it anyway a non-custodial wallet is the best recommendation.
With the bankruptcy, FTX opened our eyes, never to put long-term money in any exchange, so that something like this could result in regret later.

It was also reported that SBF had been hunted by many investors to want him back, there was other news as well that SBF had fled on a private jet with his staff.

R


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November 12, 2022, 04:16:20 PM
 #14

I have around $100 at 6 november and then i have managed to withdraw my $90 to the personal wallet and leave the rest in FTX. i have tried to make another withdrawal around 8 november but the withdrawal already halted and so i have lose $10 due to the FTX. i rarely stored my funds in cex but i just have only $100 in FTX before the hack happened and mostly my funds are safe in my personal wallet.
my friend lose $350k caused by he was storing all of his funds in FTX. that's very sad to see he was losing all of his saving and retirement funds on his FTX account.

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November 12, 2022, 04:27:35 PM
 #15

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
Thanks God that I have not used FTX regularly and at the time of this bad situation there was no fund in my ftx. I use Binance for daily trading but now I have no trust on Cex more and want to be safe from these kind of collapse I am 80% out From Crypto. Ftx collapse is very big and Usdt price was also down to 0.97 which is very bad sign for crypto.



 

 

 

 

 

 


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November 12, 2022, 05:04:41 PM
 #16

If my fund is ever going to get trapped in an exchange it's going to be binance because this is the platform I use for trading and I always leave behind few hundreds of dollars.

I was never a fan of FTX exchange, since the day they migrated from Blockfolio I've stopped using the app. I've never thought of investing in FTT token too, I guess I am just lucky.

I have recommended FTX to some people only because I thought it's the next big exchange, I was wrong all along, the best lesson to learn here is never leave any assets on centralised exchanges.

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November 12, 2022, 05:42:05 PM
 #17

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?

my one is 120$ and i got the a new message that "Not your keys , Not your crypto"

I personally did not use FTX for my trades at all, for that i use Pancakeswap, Uniswap or Kucoin if i am using a centralize exchange. Therefore i did not suffer any direct loss because of the whole drama around FTX. Of course i was indirectly affected by it, just like everyone else that is involved in the crypto space. My portfolio value has dropped again significantly even though i was already down more than 95% in comparison to it's ATH of may 2021. I have a medium amount of Kucoin shares on Kucoin itself because of the Kucoin bonus and also the whitelisting for sales and stuff but of course in theory the same thing that happened to FTX can happen to every other centralized exchange.
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November 12, 2022, 06:01:51 PM
 #18

I lose nothing.

I could have be one of those people that lose money to FTX deception but I am always turned off by the FTX app and design, is not attractive at all, the dashboard looks so ugly and unattractive that's why I stay away. I am glad they failed to work on the exchange design if not I would have be a prey.

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November 12, 2022, 06:17:01 PM
 #19

Due to huge crypto exchange FTX brankcupcy . what is your lost amount?
I have lost absolutely nothing, i don't hold funds on exchanges, neither have i ever used FTX, and i also own zero FTT. These things can't happen enough for people to understand that leaving their funds on exchanges is a terrible mistake and they should also not be hodling funds/coins that are basically centralized/worthless shitcoins that can collapse pretty easily, there'd be many more similar incidences in the future, but i'm afraid it will happen with no lessons learned. Having said that, there is a reason why people hodl Bitcoin that is sustainable for the long run, because it can't go extinct or completely collapse, there could be a serious plunge like what is happening now, but since it basically has an actual utility, you just know that it is definitely going to recover with time.

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ingiltere
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November 12, 2022, 06:20:38 PM
 #20

Directly, zero. I never signed up to those scammers exchange. I never trusted that guy. None of these events were surprising to me.
Indirectly, my crypto balance impact as everybody else. Everything went down so as a big crypto holder I had a loss too. It's funny that we see these kind of things regularly and still fail to escape unaffected. No matter what we do, we get losses in some way. The exchange, crypto company or a coin that we don't even use negatively affects the entire ecosystem.

R


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