What will you do in this case?

[ARTURVH]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

Be decisive and change all to Bitcoin,
At least that's my word, I will definitely switch all to Bitcoin, this is the only idea, there is no other choice.
This is the result that I know from time and time again historical experience.

[yazher]

He really needs to consider looking for different coins to invest with because these coins no longer have the potential to grow since they have all kinds of anomalies concerning their trust issues because of what happened to FTX. they should free themselves from any of the coins that the FTX has promoted to prevent themselves from losing their money in the future because these coins might not be on the list to rise their price when bull runs will come because only a few people nowadays are interested in it. Furthermore, the competition is tight currently because of the crypto market situation, they better consider migrating to another coin if they wanted to save their money from getting sunk.

[Fesatmas]

He really needs to consider looking for different coins to invest with because these coins no longer have the potential to grow since they have all kinds of anomalies concerning their trust issues because of what happened to FTX. they should free themselves from any of the coins that the FTX has promoted to prevent themselves from losing their money in the future because these coins might not be on the list to rise their price when bull runs will come because only a few people nowadays are interested in it. Furthermore, the competition is tight currently because of the crypto market situation, they better consider migrating to another coin if they wanted to save their money from getting sunk.

Well, you shouldn't have high hopes for the coin promoted by the destroyed project and we'll see it with our own eyes. I'd be better off switching to another coin than having to hold on to a coin whose investors have clearly already hurt a lot of people with their crash. I can't even think about trusting them anymore even though they offer very promising things going forward.
Prevention is better than cure, especially since we have seen the destruction.

[SirLancelot]

He really needs to consider looking for different coins to invest with because these coins no longer have the potential to grow since they have all kinds of anomalies concerning their trust issues because of what happened to FTX. they should free themselves from any of the coins that the FTX has promoted to prevent themselves from losing their money in the future because these coins might not be on the list to rise their price when bull runs will come because only a few people nowadays are interested in it. Furthermore, the competition is tight currently because of the crypto market situation, they better consider migrating to another coin if they wanted to save their money from getting sunk.

Well, you shouldn't have high hopes for the coin promoted by the destroyed project and we'll see it with our own eyes. I'd be better off switching to another coin than having to hold on to a coin whose investors have clearly already hurt a lot of people with their crash. I can't even think about trusting them anymore even though they offer very promising things going forward.
Prevention is better than cure, especially since we have seen the destruction.

Did FTX actually promoted those coins? Because, the OP only said that FTX have invested on them. I think both invested and promoted are two different words.

If there is any effect that is experienced then those coins value will dump because FTX will likely withdraw their investments as they are having an issue but there might still be a chance that those coins recover later on because they seem to have a fundamental. If not, then FTX won't ever invested on them. They are not a newb to just invest on any random coins. It was still up to you guys if you are in doubt then much better if you will just quit now. Investing is better if we have a peace of mind.

[Silberman]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

Since the ftx fiasco, I think many investors will rightly pull out of any project connected to that company, it seem whatever they touch will end up having issues in the long run, I recently read that Do Kwon blaming ftx and Alameda for the down fall of ust and luna. It seems the authorities are looking into this recent development.
It is up to your friend to do what he feels right but from the look of things, that company already messed up it's reputation, I doubt it will be business as usual for them anymore.

Not only should we stay away from projects related to FTX and Alameda, but at this stage, we should stay away from all altcoins, including the top coins that people call safe, IMO. The crash of FTX isn't over yet and we still don't know who will be next, so stay away from altcoins, for the time being, focus on bitcoin, and we'll be safe. My advice to OP's friend is to sell all altcoins but don't try to buy other altcoins. Consider my suggestion just to hold bitcoins.

I agree, sometimes people get mad about altcoins receiving a bad reputation, but it is not really our fault, a great deal of them, and by that I mean up to 99% of them, are scams or simply useless projects, and when that is the case even if there are a few good altcoins out there the most simple solution is to give up on altcoins and concentrate on bitcoin, and if there are people out there which do not want to do that they are free to ignore our advice, but at least they should stay away from altcoins during a bear market as not only many altcoins disappear during this period, but the ones that survive drop in price faster than bitcoin.

[Hypnosis00]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

Just tell him the higher risk if he will keep that particular project knowing the issue of FTX. Diversification is needed for him to secure his money before it gets compromised and loses it. We need to anticipate the possible thing to happen as this exchange has already been compromised. Better suggest him OP put his money into reliable projects that can give him sure profit like Bitcoin or any of the top 10 coins in the CMC rather than investing in not known altcoins.

[alexandr1115]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

Since the ftx fiasco, I think many investors will rightly pull out of any project connected to that company, it seem whatever they touch will end up having issues in the long run, I recently read that Do Kwon blaming ftx and Alameda for the down fall of ust and luna. It seems the authorities are looking into this recent development.
It is up to your friend to do what he feels right but from the look of things, that company already messed up it's reputation, I doubt it will be business as usual for them anymore.

Not only should we stay away from projects related to FTX and Alameda, but at this stage, we should stay away from all altcoins, including the top coins that people call safe, IMO. The crash of FTX isn't over yet and we still don't know who will be next, so stay away from altcoins, for the time being, focus on bitcoin, and we'll be safe. My advice to OP's friend is to sell all altcoins but don't try to buy other altcoins. Consider my suggestion just to hold bitcoins.

I agree, sometimes people get mad about altcoins receiving a bad reputation, but it is not really our fault, a great deal of them, and by that I mean up to 99% of them, are scams or simply useless projects, and when that is the case even if there are a few good altcoins out there the most simple solution is to give up on altcoin and concentrate on bitcoin, and if there are people out there which do not want to do that they are free to ignore our advice, but at least they should stay away from altcoins during a bear market as not only many altcoins disappear during this period, but the ones that survive drop in price faster than bitcoin.

I don't understand why you are making such not quite explicable conclusions? Do you understand that altcoins occupy a huge part of the cryptocurrency market, and this part is a very strong engine of the cryptocurrency industry! It seems to me that your conclusions are not entirely correct in the sense that you are calling on everyone to pay more attention to bitcoin! It's just that you suggest making a bigger choice in favor of bitcoins and at the same time giving up altcoins, which is a bit strange! Accordingly, a huge part of the market is cut off, which is the most important link in the cryptocurrency market! Just one way or another, all purchases of altcoins occur in bitcoins or in USDT, and this already means that bitcoin is being bought! Of course, bitcoin is better from the point of view of reliability, but it is not quite right to completely exclude from attention the altcoin market, which is the main engine of the cryptocurrency sphere!

[sulendra12]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Should have just question your friends about how they even invest on that in the first place? Based on friends recommendations?
Tell them it's not your responsible if they suffer losses from their own actions and tell them to invest on Bitcoin and Ethereum since they are newbies to learn more about crypto trading in general.

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?

We don't know if the price is significantly affected since SBF is arrested. But just be careful with any changes happen in the market.

[hyudien]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

As many people suggest selling everything is the best solution. Even though you have to accept a few percent loss, it's much better than being shocked by an unexpected crash. Alameda has been under scrutiny however the assets he invests in crypto are becoming a threat. Avoid branches related to Alameda, because the cases they face have an impact on the assets they invest. Added to the market conditions that are heading for a bear market, automatic altcoins will only find it difficult to secure their value, we don't even know for sure that they will return to provide a significant increase. Better to accumulate it to Bitcoin.

[RealMalatesta]

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

Always the better idea must be not depending on a person or a company for the future of any cryptocurrency; since Elon Musk's explicit involvement into crypto space, I keep saying this. So, it would be a wise decision if you move into another coin is free from all kind of interruption of whales.

At this point I am accumulating KCS, WRX and waves; all these must be having strong future but right now trading bearish in recent times as per bitcoin sentiment hence this must be a great time to invest with. I am just stating what I doing but you must need to do your own due diligence before risking your funds. All the above bitcoin is trading at the best part of our life time, investing right now into bitcoin may not need any big analysis.

[Xinarae*]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

In my opinion Alameda and FTX are big investors in these two projects but these projects will not survive in the market for a long time. Their demand in the market is low and below the top currencies. For other currencies you can choose bitcoin ethereum BNB there are no restrictions on these currencies.

[glendall]

What will you do in this case?

what I did when I saw the FTX and Alameda cases, I personally, if I haven't experienced a high loss, I will immediately replace the old altcoin with bitcoin, because buying bitcoin now will provide an opportunity for profit / capital from our investment in the previous coin, which can return in the next 1-2 years.
not if we hold on to the old coins that exist now, because the case for going up to the highest price will surely be tough

[Paul Pogba]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

It's better to sell all assets related to FTX, officially FTX has filed for bankruptcy and it will impact investors who hold assets related to FTX to sell, before the storm comes, sell immediately and don't be tempted to hold even though sometimes the 2 coins are rising.

[Miaallen]

What I'll do in such situation is to sell off the token from any projects the duos are involved at any slight chance of making something relatively cool from it and look for some other projects to invest in. Although, it is always cool to diligently do your own research before investing in any project.

[jaberwock]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

I hate to say this but at the current situation we are looking at undecisive situation and that never ends with something that could be good enough for you. I know that if you switch to something else and make a profit then you could definitely end up with something big, but that doesn't mean that we are going to end up with that profit, maybe we won't be ending up with a profit at all.

This is why I have to say that this is going to be ending up with a loss? In that case we are going to be very upset, and if people here tells you something, they are telling their ideas but that doesn't mean we are right, or some will say A and others will say B and that's a trouble.

[Thuy Anh]

You don't directly tell them what decision to make, you can tell them what it means to sell these tokens, what are the advantages and disadvantages. Let your friend decide for himself. You can tell him about a few altcoins you are more optimistic about and talk about your thoughts, and then let him choose the altcoins he wants to invest in.

[kapalmabur]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

It's better to sell all assets related to FTX, officially FTX has filed for bankruptcy and it will impact investors who hold assets related to FTX to sell, before the storm comes, sell immediately and don't be tempted to hold even though sometimes the 2 coins are rising.

Maybe it's the right decision to sell all FTX assets but before making a decision we still have to do some research first,
even if you try to hold it in sometimes it will only be a waste of time,
as much as possible to make wise decisions

[inthelongrun]

OP was asking for some insights since last week. I wonder what was his response to the guy. Personally, I would really stay away from coins and projects that are connected with FTX and Alameda. Fuel dropped around 50% already while Mina lost a third of its price since November. I do not know how much influence and money Alameda and FTX invested into these projects but it is very possible that a withdrawal is imminent in order to cover the damages done to its clients and investors. Authorities are probably going to liquidate all of Alameda and FTX's assets.

[Kelvinid]

OP was asking for some insights since last week. I wonder what was his response to the guy. Personally, I would really stay away from coins and projects that are connected with FTX and Alameda. Fuel dropped around 50% already while Mina lost a third of its price since November. I do not know how much influence and money Alameda and FTX invested into these projects but it is very possible that a withdrawal is imminent in order to cover the damages done to its clients and investors. Authorities are probably going to liquidate all of Alameda and FTX's assets.

After several replies and suggestions, I guess he already knows how to respond.

But in regards to holding coins that are connected to FTX and Alameda, fear and uncertainties usually come into our minds. It was our concern and it was advisable not to invest in these projects as the risk is too high. But if I were the OP, I suggest them to warn the possible results of investing in these projects so it was their decision to sell those coins and switch to another projects and keep them.

[posi]

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

The fact that FTX invests in those two projects and when FTX goes bankrupt does not mean that they also die with FTX, there are many other investors investing in those two projects, not just FTX and Alameda.
Look at Solana, FTX is considered the biggest investor, and Sol's success is largely due to FTX, but it's just having some trouble at the moment, not dead. Whether a project will die or continue to grow depends on the project team, not a certain investor.