If you could..... What will it be?

[letteredhub]

A lot of crazy experiences has taken place in the crypto space knocking people down financially and it is plausible that nasty things can still occur in the future. But...

What if you could delete an occurrence from happening in the cryoto-world, both past and current events making it that they don't happen or didn't happened. What would it be?

As  for me it is the FTX crash saga which led to many persons losing their funds that could have yield some profits by now. It was one of the saddest period for many in the crypto world.

How about you, what would it be?

[1714992966]

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[1714992966]

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[Ultegra134]

That's a tough one. The FTX crash was a terrible incident that not only made a lot of people lose great amounts of money but also dented trust in cryptocurrencies and centralized exchanges. Fortunately, I believe that the market recovered quite quickly, and the long-term effects have been minimal in terms of trust and the general condition of the market. However, it adds to the list one more exchange that has failed and led to detrimental effects in the cryptocurrency community.

Personally, I'd say the Terra crash was one of the worst I've experienced so far. There was a total frenzy on social media with people asking questions, hoping that a solution was to be found, but ultimately, billions of dollars went down the drain within a few hours. Fortunately, I didn't lose much because I managed to get rid of my UST when it recovered for an hour or two before proceeding to crash to its death shortly after. However, waking up and seeing that you have lost over $400 in value wasn't a pleasant feeling.

[SatoPrincess]

I’m new in the crypto industry and the only major negative event I have experienced in this space is the exit of FTX. Even though I wasn’t affected directly, the crash still had an effect on my bitcoin investment as the price dumped during that time period. It’s crazy because I remember attending a FTX sponsored event during my newbie days, lucky for me I didn’t subscribe to storing my coins in exchanges. The only regret I have is not buying bitcoin early.

[lassdas]

Nothing.

Seriously, isn't self custody what bitcoin/crypto is about?
So start treating it that way and don't f***in' store your coins on exchanges, because it will happen again.

Lost some hundred coins >10years ago in the Bitcoinica/Intersango desaster,
when MtGox crashed I only had ~20cents left on my account, because it was so obvious that things weren't working well, but noone seemed to care.

They will get "hacked", crash, or simply scam you,
it happened in the early days, it happens now and it'll happen in the future.

Just don't keep more money on them than you can afford to lose and you don't have a problem.
It's your choice though, just don't start complaining later, you've been warned.

[JunaidAzizi]

How about you, what would it be?

If I could delete an occurrence from happening in the cryptocurrency world then I would delete or stop the Mt Gox hack. In the hacking history of the cryptocurrency world Gt Gix hack is on the top. It leaves a bad footprint on the cryptocurrency world. The Gox hack was the largest hack in the history of the crypto world as the Gox was the bigger exchange at that time and the hacker stole 850000 bitcoins from it. This hacking has a significant impact on cryptocurrency and people look at Bitcoin as a scam and lose belief in it. If that hacking had not happened at that time then maybe the Bitcoin price will change today and may have a higher price today. Due to hacking the price of Bitcoin was down in 2014 and if it had not occurred then maybe Bitcoin would have now widely accepted but unfortunately, it has not happened.

This is not the only hacking that push Bitcoin down and become notorious but also there are some more that also contribute to this shit which was The Luna crash, the Celcius network bankruptcy, the three arrows capital bankruptcy, and the FTX crash. These events also imprint the bad impacts due to which people become fearful and maintain a distance from bitcoins.

[nelson4lov]

The event I would prevent from happening if given the power is the collapse of UST and the Terra Luna ecosystem. I was taking advantage of the juicy yields that were available on Anchor protocol for staking UST. The initiative had been going on for a long time and just shortly after I decided to try it out, I got burnt by it. The UST depegging and Luna collapse resulted in FTX, 3AC, etc exists from the space.

However, As much as I'd like to bring back those events, they taught me a valuable lesson about risk.

[Odusko]

With my little experiences in the cryptocurrency industry it has been an ups and down and so while we look out to discussed the many challenges that have faced the industry we have to also outline some of the most positive development that has also taken place in the industry.
Even as FTX and the other coins crashed have been the most ugly experience I have had in the market, I have also experienced some other exciting developments as as the 2021 Bitcoin legal adoption by the El Salvador government.

[BitcoinPanther]

Same here, I would undo nothing.  All things that happen have it cause and effect.  These centralized services failure leads Bitcoin to be noticed by the government.  The hacks, the exploits of the scam company lead to the government noticing Bitcoin.  Yes this occurrence lead many people tp lose their funds, but it is not Bitcoin's doing and rather the greedy people's action.  With this the government implements proceedings that will punish people who is proven committing fraud.  Besides, this bad experiences teaches the Bitcoin community to be vigilant about the investment offers, and teaches them to do more research before jumping into investment ventures.

[letteredhub]

I’m new in the crypto industry and the only major negative event I have experienced in this space is the exit of FTX. Even though I wasn’t affected directly, the crash still had an effect on my bitcoin investment as the price dumped during that time period. It’s crazy because I remember attending a FTX sponsored event during my newbie days, lucky for me I didn’t subscribe to storing my coins in exchanges. The only regret I have is not buying bitcoin early.

Unlike many colleagues I knew who fell victim to the FTX crash I can still imagine the emotional trauma some of them had to go through within that period particularly those that had to take loan to invest in it hoping to make profit and return the loan in due time but unfortunately for them the shipwreck occured taking their money down with it.

In same vein you attended you attended a FTX sponsored class that was how they got to know about FTX and decided to invest without doing much research own their own but fortunately for you you didn't invest and therefore lost nothing to the crash event.

 You need not continually to regret about buying bitcoin early, to me I believe each person has a right time for them in buying their first bitcoin and same applies in your case, what really matters now is how you're making a good use of the opportunity now to your profit based on the knowledge you've gotten about bitcoin.

How about you, what would it be?

If I could delete an occurrence from happening in the cryptocurrency world then I would delete or stop the Mt Gox hack. In the hacking history of the cryptocurrency world Gt Gix hack is on the top. It leaves a bad footprint on the cryptocurrency world. The Gox hack was the largest hack in the history of the crypto world as the Gox was the bigger exchange at that time and the hacker stole 850000 bitcoins from it. This hacking has a significant impact on cryptocurrency and people look at Bitcoin as a scam and lose belief in it. If that hacking had not happened at that time then maybe the Bitcoin price will change today and may have a higher price today. Due to hacking the price of Bitcoin was down in 2014 and if it had not occurred then maybe Bitcoin would have now widely accepted but unfortunately, it has not happened.

This is not the only hacking that push Bitcoin down and become notorious but also there are some more that also contribute to this shit which was The Luna crash, the Celcius network bankruptcy, the three arrows capital bankruptcy, and the FTX crash. These events also imprint the bad impacts due to which people become fearful and maintain a distance from bitcoins.

Wow! To me this topic is really getting interesting more than I thought as with each comment's I have got to read and know many more events that had happened in the cryoto-world that I never had an idea about before now and this is part of learn even though this events really brought miserable losses  to it's victims which also from which many people have learned from them all to be very cautious and selective on what they invest on.

[YUriy1991]

It's true, I've heard stories of someone missing information about the tokens they invested in which they thought were fundamental and would be fine and ultimately the value of their investment dropped drastically after the incident.

Who will forget the story of the past, but do we have to stay there? of course not. What we need to think about and prepare for now is meeting the ongoing needs of life and finding a way out quickly.

Yes. The world of Crypto continues to run and gives us a lot of insight into trading and one thing we have to instill is knowing how to manage money, especially in the world of trading, by reading related news and current issues and relating them to the coins or tokens we are investing in.

[Mayor of ogba]

How about you, what would it be?

If I'm given the power to undo an occurrence in cryptocurrency it will be the hack that happened to my wallet in the past years when I had less experience in cryptocurrency. There was a token I bought 28000 pieces, and before the token could get listed I mistakenly exposed my wallet phrase to a scammer by connecting my wallet to the Uniswap exchange. The last time I checked the price of the token on an exchange my 28000 pieces were worth $15000, and this money could have changed my life for good.

[Upgrade00]

There are so many events that have directly affected Bitcoin and bitcoin holders alike. Almost all of them are as a result of faikue of a third party which was granted full custody to keep those funds accessible to their customers. I can't pick one incident to undo; MtGox, FTX... Such events are bound to happen again and serve as a marker to avoid centralized exchanges and opt for the alternative.

There is also the rise of side projects like ICOs, DeFi etcetera. While they made a few rich, they wrecked a lot more people and served to benefit the founders and developers, but it's a personal decision to put money in such gambles and more of such will always spring up.

I will probably undo government involvements in Bitcoin and cryptocurrency of which the users do not have control over. It remains completely untaxed and free of government regulations.

[dzungmobile]

A lot of crazy experiences has taken place in the crypto space knocking people down financially and it is plausible that nasty things can still occur in the future. But...

What if you could delete an occurrence from happening in the cryoto-world, both past and current events making it that they don't happen or didn't happened. What would it be?

As  for me it is the FTX crash saga which led to many persons losing their funds that could have yield some profits by now. It was one of the saddest period for many in the crypto world.

They are all elements of real life, real market and real cryptocurrency chronological history. If in the world, we have like a time-traveling machine, the world would be completely different than now. We will no longer have belief in anything because all things can be reverted by someone from the future.

Assume, there is such time-traveling machine, I can know about FTX and their bad operation so I can use that machine to go backwards to the past and reveal the fact when FTX just started all of their scam show. Someone who got rich by FTT will be reverted back to normal people. Someone who are victims of FTX will still have money. However, time-traveling machine can not change those people. Who are smart and clever will still be themselves, who are stupid and greed, carelessly will still be themselves and will lose money in other scam projects.

It does not make any sense at all.

[Awaklara]

A lot of crazy experiences has taken place in the crypto space knocking people down financially and it is plausible that nasty things can still occur in the future. But...

What if you could delete an occurrence from happening in the cryoto-world, both past and current events making it that they don't happen or didn't happened. What would it be?

As  for me it is the FTX crash saga which led to many persons losing their funds that could have yield some profits by now. It was one of the saddest period for many in the crypto world.

How about you, what would it be?

For those who feel very disadvantaged at a certain moment, perhaps they want to eliminate or repeat the time not to be involved in the situation. but however, this will be recorded as history in the Crypto world. we all follow it all. We can't deny what has happened, so we just follow a path that we can't predict.

that's probably a pretty silly question. but the answer to bad or good events so far in the crypto market still ultimately gives us a lesson. we can't blame the past or hope it won't happen again in the future.

[hugeblack]

You can create a hardfork so that all the coins that were stolen will be restored from an occurrence happening in crypto-world both past and present events make it not happen or did not happen, including the money stolen from FTX, but will the new coin have value? I doubt it.

Bitcoin is characterized by decentralization, and although losing money is cruel, it is a model that does not lead to trust in a third party, just as was the case in banking services, in which there is still the possibility that you will be defrauded.

It is closer to cash, but it is easier to track currencies in it.


My 10K post 🥳🎉🥳🎉🥳🎉🥳🎉

[_act_]

What if you could delete an occurrence from happening in the cryoto-world, both past and current events making it that they don't happen or didn't happened. What would it be?

As  for me it is the FTX crash saga which led to many persons losing their funds that could have yield some profits by now. It was one of the saddest period for many in the crypto world.

Nobody have the power to make an occurrence from not happening unless they avoid what the masses are doing because the masses are the ignorant people. Example is the FTX that you mentioned, before the hack, people were told not to leave funds on centralized exchanges, but they will not listen. If they will have money on exchanges, it should not be more than the trading fund which they can also afford to lose.

Another one that people will not have wanted are the Luna, UST and other depegged stable coins, the Mt. Got and Cryptopia exchanges hacked. There are many other exchanges that were also hacked. Nowadays, there are also many DeFi hack and many like that. The best is to just avoid all these bad occurrences.

There are others include the pump and dump projects and exit scam projects and others that have occured in the past.

[Crypt0Gore]

Every bad news in crypto is opportunity for the smart investors, FTX crash was why crypto bottomed the first time since 2021 bull market, and that was my best buying opportunity till today, if FTX doesn't crash, maybe things would have been different? I don't know, something must cause some panic in the crypto space for the weak hands to get out of this space.

I've learned to always take a step whenever something bad happens, look at solana, after FTX crumbled many people failed to buy at 8$ now it's 19$ and was over this price months back, fear is where the opportunities are made in crypto space, if you believe this, you will hardly miss good buying opportunities.

I don't want to go back into the past even if I can, I believe it won't change anything, big players in this space knows how to shake crypto with news and bad events, it's how they get richer, I am sorry for all those who lost money with FTX, but we got to be a victim of something to learn from it, I was a victim of some scams in crypto space too, it's the risk we have to take.

[yudi09]

-snip-

How about you, what would it be?

Choose not to invest carelessly in projects if you don't want to experience the same incident in the future. Not saving money on the exchange is another answer to avoid incidents that don't want to happen again, such as many cases of losing money due to the exchange.

For me, the FTX case is a story that can be an important lesson for crypto users, including me, I quite felt the impact of the collapse of FTX, even though I was not the person who was a victim, but we can feel how difficult it is for people to earn money at work just to be able to invest, but the results are very sad because losing money.

[Lucius]

~snip~
What if you could delete an occurrence from happening in the cryoto-world, both past and current events making it that they don't happen or didn't happened. What would it be?

Absolutely nothing, because even though some events are considered very negative, they still served a purpose and some people learned something from it all. Besides, even if someone could turn back time and prevent all the bad things that happened, they would very likely happen at some point in the future.

Ideally, it would be to prevent people from behaving stupidly and irresponsibly, but that is certainly one of the things that I personally think is impossible. In the context of cryptocurrencies we see a lot of illogical things, but in the general context of human stupidity it is only the tip of the iceberg.

[michellee]

If you erase an event in the past or present, everything that will happen in the future will change. And it's not necessarily the case that deleting the incident will benefit us because everything will change too.

There is no need to erase anything that has happened because we can make it a valuable lesson to be more careful about the exchange market. We can be more selective in choosing the exchange and will not use much money to trade on the exchange. There are many things we can learn from every case we experience so that we can increase our knowledge.

Everything we do must have an effect. And we also don't know whether the effect will be positive or negative. And if you delete the FTX case, maybe something worse will happen later than the FTX and Mt.Gox cases because you have deleted the FTX case.