Should you avoid anything funded by Alameda Research / FTX ?

[zasad@]

And this is very unfortunate, because in the beginning, there are a lot of promise from this project and even hit all time high in the bull run. Unfortunately, after that and just like the rest of altcoins, it went down. But it's just the bear market so everyone is going to decline right? yeah, but there were issues like the hacks and it's network security. Now, it's name was also in the middle of the Alameda Research/FTX controversy that I will say like the majority of most experience members here, stay away from Solana for now.

The price of the coin rose not because the project became so popular, but because it was a financial manipulation.
All this is described in an old book: Reminiscences of a Stock Operator by Edwin Lefèvre. I advise you to read.
When most of the coins are with investors, they need to buy back a small fraction of the remaining coins on the market, then send the price to the moon and distribute their coins to hamsters with a markup of 10,000x

[maydna]

It depends on how each project's team survives the FTX/Alameda crash because if they can still give full support to the project and are not too affected, those projects can still survive and grow in the future.

And if you've sold Solana out of concern that the price will drop further, it may be a good decision as you can wait for the price to drop further and then buy it back. But I advise you to move to invest in bitcoin, which can provide future benefits, rather than investing in altcoins. We don't know which projects will crash after FTX/Alameda, which can cause extra worry if we invest in altcoins.

[len01]

I just sold my 150 Solana out of FUD ( thinking I might buy it back at $5 soon ), and I am now worried many other projects were backed by Alameda Research. Are these projects doomed too, or can some of them ( like Helium ) survive and eventually thrive again ?

if you are sure that you are investing in Solana and can accept all the risks involved, you should not need to sell your 150 Solana. it's the same as you give up before you reach your destination.
I do not recommend you to buy Solana again but Solana is not fully funded by FTX.
We all don't know which safe projects or altcoins are funded by Alameda but it seems Solana is not included in the list that Alameda funded.
very sad to see you sell your Solana loss at a loss you should commit to yourself instead of hearing about the FUD that keeps popping up.

[iv4n]

I just sold my 150 Solana out of FUD ( thinking I might buy it back at $5 soon ), and I am now worried many other projects were backed by Alameda Research. Are these projects doomed too, or can some of them ( like Helium ) survive and eventually thrive again ?

Eventually yeah, but i wouldn't invest into them for a half year or so. Not until people are getting over the fear. And that takes a long time, public opinion is what it is and normies won't be buying alts for a while. If i was brave this could be an opportunity but i don't think the fear is over. Some people are just slow to dump their coins. But they eventually will. Rest of them are diamond hands and they are bringing us a strong new bottom.

Well, I am not sure that people will get over the fear. It's just my opinion, everything related to FTX is simply finished. I know I am not going near all that, and probably it's what many others think... There are other good platforms, with a better reputation.

[shinratensei_]

Well, I am not sure that people will get over the fear. It's just my opinion, everything related to FTX is simply finished. I know I am not going near all that, and probably it's what many others think... There are other good platforms, with a better reputation.

honestly I do agree with this, I see no proper reasoning as to why we should ever invest in anything related with these platforms considering they've just made so many lost their money that it might be billions of money that they caused to lose, the thing with these platforms is that they've lost the public trust, people will be more hesitant in investing in something related to them, despite some people might think that it's gonna be fine but the public opinion in regard of this platform really does matters a lot and I don't think it's gonna change anytime soon.

[Yatsan]

Not a mandatory, but would somehow lessen the risk. It is not directly because of who funded a project but the image they are currently having which could reflect to projects linked on their name. A total downside of what happened. I've said not a mandatory because for sure they have other projects which are having huge potential. Problem is investors' opinion of those projects. If many investors would avoid it, no good reason would be enough for you to still continue because demand for sure would fall afterwards which could deal profit loss on your end. Also, there are other projects to choode from, why limit to those whoch are having not quite of a good reputation? Unfortunately, the reputation of a project is just that important which should be always considered by investors.

[CryptoYar]

Good you timely sold sol coins when it was around $14-$15 ( I'm assuming from the date of your post,14 Nov)

Now it is at $10 it means if you buy now you'll get more coins than before. (however, I'm not sure it will drop to $5 or below, as according to some sources Almeda research gave their unlocked tokens to liquidators, and the next unlock will be in 2025)

Anyway, I'm not gonna bet on this coin. As there are many alternatives to blockchains available with better TPS.


If anyone wants to see the current holding of Alameda Research, (Click here)

[Tigerheart3026]

I just sold my 150 Solana out of FUD ( thinking I might buy it back at $5 soon ), and I am now worried many other projects were backed by Alameda Research. Are these projects doomed too, or can some of them ( like Helium ) survive and eventually thrive again ?

it was good decision to sell solana in the right time
because now it’s current rate nearly 10$,
If you hold it till now then now your portfolio turn into 40% negative ratio, i don’t prefer to buy it again even in lower price,
i am really worried about it is future.