FTT Token

[ft_lauderdale]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

[Tytanowy Janusz]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero.

The fact that ftt is dying slowly makes me see the slightest chance that someone is planning some huge scam and the price will rebound (someone is buing holding price), but I wouldn't bet even $1 of my money on it and I would advise your brother to sell it.

$400 million is the same as the capitalization of KCS, the kucoin exchange token. A functioning exchange that is quite trusted and battle-tested - was hacked for $300 million (one of the largest hacks in the history of crypto), and still managed to cope. Kucoin was working with the developers of all the stolen tokens, asking them to fork and freeze the hacker's wallet. Kucoin recovered some of the funds and had the rest insured. Not a single customer lost a dollar.

KCS marketcap = FTT marketcap HOW!?

[vitya1982]

I wonder why you said that most Americans invested in FTT. I don't think that there is any future for this token, I thought it should be obvious. Have you seen LUNA? It has a bit similar story.

[livingfree]

This was FTX's token, right?

I guess that you have already an idea on what's going to be the fate of this token. I'm not sure why it is still getting millions of volume despite the controversy of what the former owner of it has done to their customers.

Are you interested on this token OP? If you are, please make sure that you invest somewhere else your money and you're not going to invest on this token because whether the new management tries to revive it, it's only a matter of time until it's forgotten and will be out of the market.

[ft_lauderdale]

why should smaller investors who invest hard earned money in the cryptos suffer due to greed of filthy rich crypto whales , its just like these whales are new government , satoshi nakamato had started bitcoin just to prevent people from losing money from failing banks in year 2008 depression , but looks like nature has found its own way for the cycle to complete.

[tvplus006]

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero...

This is all correct, but another option should be considered, that FTX will be able to restart. And if the new team really succeeds, then you can be sure that the value of the exchange coin can greatly increase. So maybe now we have a good opportunity to buy some FTT.

[bluebit25]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

Instead of looking forward to the opportunity it brings that comes with risks, why not look for other cryptocurrencies to find better opportunities. I personally view FTT as a thing of the past although it will probably still have its supporters and FOMO every time there is new favorable news but overall it still has a lot of potential to lose money. To say it is dead is completely wrong, but can trust be rebuilt after so many problems have occurred? Its collapse has already been exposed, so there's no need to get too involved with it. They still have a lot of things to do if they want to come back. In the immediate future, they need to resolve legal issues, lawsuits, and assets lost users on FTX.

[vv181]

why should smaller investors who invest hard earned money in the cryptos suffer due to greed of filthy rich crypto whales , its just like these whales are new government , satoshi nakamato had started bitcoin just to prevent people from losing money from failing banks in year 2008 depression , but looks like nature has found its own way for the cycle to complete.

Maybe because they deserved it and aren't doing due diligence. Specifically for FTX cases, they aren't greedy but simply swindle the money. That aint greed, but pure criminals.

And you are here comparing the wrong things. Bitcoin was built purely decentralized way, you cannot compare it with cases such as FTX. Now, back to OP, FTT has something to do with the embezzlement of the funds, so there won't be any future. Some recent news FTX wants to restart its exchange, but I believe even if it happens, they won't gain traction.

[AakZaki]

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero.

The fact that ftt is dying slowly makes me see the slightest chance that someone is planning some huge scam and the price will rebound (someone is buing holding price), but I wouldn't bet even $1 of my money on it and I would advise your brother to sell it.

$400 million is the same as the capitalization of KCS, the kucoin exchange token. A functioning exchange that is quite trusted and battle-tested - was hacked for $300 million (one of the largest hacks in the history of crypto), and still managed to cope. Kucoin was working with the developers of all the stolen tokens, asking them to fork and freeze the hacker's wallet. Kucoin recovered some of the funds and had the rest insured. Not a single customer lost a dollar.

KCS marketcap = FTT marketcap HOW!?

Even though the market capitalization is the same as KCS, will customers still trust FTT?
Seeing how FTT was turned into trash by all its users after they were betrayed by the thieving CEO.
Dark past, but I will never get into Exchanges or FTT coins, there are still many that have better potential such as BNB, ETH let alone BTC.
Rather than choosing a coin that is still unclear about its future, it is better to choose one that is certain, which is not a nest of fraudsters.

[fat buddah]

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero...

This is all correct, but another option should be considered, that FTX will be able to restart. And if the new team really succeeds, then you can be sure that the value of the exchange coin can greatly increase. So maybe now we have a good opportunity to buy some FTT.

Or it might be a good opportunity to waste your money. I mean, if you're not scared to lose it you can buy some. But FTX lost the trust of people. Most likely it won't recover. Too big a dirty spot on the reputation.

[cryptoaddictchie]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

Well if you knew its history then you might pick another token or project to linger around. Isnt that ftt is alreadt dead but a lot of users have failed or lost money with that and some also gained a lot from it. I think its better to look for a new one to have a better start of an investment which you could monitor. You dont want to invest on a project with bad history of its founder.

[noorman0]

That's not all small investors, and not only small investors who have to learn from losses.

-snip-
satoshi nakamato had started bitcoin just to prevent people from losing money from failing banks in year 2008 depression , but looks like nature has found its own way for the cycle to complete.

So that's the most important thing that small investors need to know, only bitcoin was created and has managed to maintain its credibility as the most independent currency. For the rest, someone wouldn't create an altcoin without a profit initiative. I have nothing against anyone liking altcoins as long as they provide fair returns, not unreasonable ones.

[MAAManda]

what do you feel the future of FTT now ? Will it die a slow death ?

I have to say that $FTT will die slowly, my statement isn't unreasonable, even though $FTT still exists today, but can people still believe in this token with all the chaos that has occurred? Don't invest in this token, because even if one day the price of $FTT rises, it won't last long (maybe it's just a pump event), fundamentally $FTT has been destroyed, that's all.

[tvplus006]

This is all correct, but another option should be considered, that FTX will be able to restart. And if the new team really succeeds, then you can be sure that the value of the exchange coin can greatly increase. So maybe now we have a good opportunity to buy some FTT.

Or it might be a good opportunity to waste your money. I mean, if you're not scared to lose it you can buy some. But FTX lost the trust of people. Most likely it won't recover. Too big a dirty spot on the reputation.

You can lose your money without even buying FTT, but choosing any other altcoin as an investment. Because there is no guaranteed profit in the cryptocurrency market. But by investing in FTT, you will have more chances to get a big profit than by investing in another altcoin, since the chance of restarting FTX is very high.

[JeffBrad12]

there are possibilities that FTT could gets revived consdering there are rumour that FTX might restart their services, but honestly this ftt token has really huge chance to be just abandoned like that.
right now its slowly dying, on its way to get delisted. even though the market capital might seem big, but what use if the value plummet.
the all time high is $85, now its just about $1.5, too much losing its value along the way.
personally i would never invest into this coin, there's just no future, but some people might bet on the fact that FTX might restart their service and thinks ftt would gets the benefit.

[Tytanowy Janusz]

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero...

This is all correct, but another option should be considered, that FTX will be able to restart. And if the new team really succeeds, then you can be sure that the value of the exchange coin can greatly increase. So maybe now we have a good opportunity to buy some FTT.

Don't you think it would be better for them to start with a completely new exchange? Why drag along the baggage of such negative associations? They defrauded people and deprived them of their funds during the bear market bottom. If someone had $100,000 there and planned to buy BTC @ around $20k, today they would have $75,000 in profit alone, which FTX deprived them of. even if they give back what they stole, they will not give back the "potentially lost benefits". people have already had their funds blocked for a year. This is damage that cannot be swept under the rug. This stock exchange will not recover and 400 mln $ marketcap is way to much for such a swamp.

[$crypto$]

This was FTX's token, right?

I guess that you have already an idea on what's going to be the fate of this token. I'm not sure why it is still getting millions of volume despite the controversy of what the former owner of it has done to their customers.

Are you interested on this token OP? If you are, please make sure that you invest somewhere else your money and you're not going to invest on this token because whether the new management tries to revive it, it's only a matter of time until it's forgotten and will be out of the market.

FTT is the FTX token that is now bankrupt and the former owner of FTX is being tried in a US court.

The capitalized volume of FTT is now still above $400 million and the price is above $1.2, not sure about this token but we are sure that the product value of this token is dead because now FTX is closed and many customers have suffered losses.

Never be interested in this FTT token, better to avoid choose one of the respected altcoins rather than FTT which is not so clear because of last year's bankruptcy.

[Oneandpure]

Regarding with FTT is token or coins platform from FTX exchange I don't sure with worth investment in the future, depend if your brother have reached few profit trough FTT better sell it and looking other opportunity with altcoin investment. FTX have bee collapse and there are not guarantee with FTX exchange will refund their user fund I think too brave for holding or investing with FTT coins. They have not any back up or supported how to make FTT will raise to higher price in the future although still list on many top exchange with current marketcap is $400 million.

Suggest to your brother, if loss few percent better cut loss before bad thing happen with the FTX exchange token will delist on exchange market due they haven't positive respond with their exchange will return operation or not.

[o48o]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

It will be one of those that takes for ages to die.  It will probably pump several times like a half life zombie token and get people excited and hyped, because percentually those will look high numbers. And rumors of FTX revival circle around. None of them will be true for obvious reasons. FTX is a tainted name synonymous to fail. No one serious would touch to any of that.

And obviously FTT will go even lower after that. And then there will be a time when no CEX even want it because volume will dry out.

Then some people will dca it insane amounts and pump and dump it on some dex, because those are only ones left to trade it.
That's how i see it playing out.

[asriloni]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

It's still remain uncertain at this moment. I can't say whether FTX will be rebooted or not but the chance is still there.

https://news.bitcoin.com/ftx-debtors-evaluate-bids-for-dormant-crypto-exchanges-revival/

That news said that various parties were interesting to rebooting FTX exchange site. FTX had also become the second largest exchange site last year. Some parties were also seeing it as an opportunity to revived it again.
The price of FTT will be so stable till there will be a good news that will be coming from FTX. The relaunch of FTT will obviously pump FTT back again at the top.

There are still ongoing negotiations to recover FTX. I hope all will be going so well. FTT investors could get what they deserved back again.