FTT Token

[Tytanowy Janusz]

2 weeks have passed, my assumption has been confirmed: "The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law - https://cointelegraph.com/news/sec-gary-gensler-hints-open-ftx-crypto-reboot And the market immediately reacted to Gary Gensler's words, the value of FTT has increased by 100% over the past day.

All dead projects pumps. Gas pumped 10x in last month (yeah this GAS from NEO project - ETH killer from 2017 that died in 2019 and no one is using it). Same with ZRX, LUNA and many more. FTT is only one of many projects that pumps only to create exit liquidity for whales. SBF is connected with democrats (one of the biggest donors). I think this news is created to help SBF manipulate the market  and get few more millions from shitcoin investors before it all goes to 0.

[tvplus006]

...I think this news is created to help SBF manipulate the market  and get few more millions from shitcoin investors before it all goes to 0.

I don't think that SBF in its current position can manipulate the crypto market. After the jury found Sam Bankman-Fried guilty, the only thing he should care about is what sentence will be handed down by the judge in March 2024. But even now it is obvious that he will be on state support until the end of his life.

[ft_lauderdale]

do you think the price rise of SOL will help ftx bailout ? , since ftx and its founders were holding huge sol

[Bushdark]

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 market can move in any direction and we might be making a big mistake if the project team are really working to restore the token and investors are busy waiting for when the price would move before they buy again looking at there previous mistake that had made them to lose severely.

 The market can dance to any music at anytime so we just have to observe if we are ready to invest in it again. I believe that the team would be very proactive this time and would want to send the poeject to the moon so that investors would have interest and be confident to invest in it again.

[Ojima-ojo]

do you think the price rise of SOL will help ftx bailout ? , since ftx and its founders were holding huge sol

The first thing you need to consider is that how much rise have Solo done that can guarantee it as a bailout for the mess that the FTX sega created for the token market, this is what you should consider before making any possible stand in that direction, the solo will continue to struggle back and forth and if care is not taken it may even plug below it lowest price when that crisis happened.


The recent market rise is not in connection to any strong liquidity progress or positive news, but just a reflection of its wave along bitcoin market trends and that is what is happening in this case.

[JeffBrad12]

2 weeks have passed, my assumption has been confirmed: "The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law - https://cointelegraph.com/news/sec-gary-gensler-hints-open-ftx-crypto-reboot And the market immediately reacted to Gary Gensler's words, the value of FTT has increased by 100% over the past day.

All dead projects pumps. Gas pumped 10x in last month (yeah this GAS from NEO project - ETH killer from 2017 that died in 2019 and no one is using it). Same with ZRX, LUNA and many more. FTT is only one of many projects that pumps only to create exit liquidity for whales. SBF is connected with democrats (one of the biggest donors). I think this news is created to help SBF manipulate the market  and get few more millions from shitcoin investors before it all goes to 0.

quite literally right now FTT suddenly dumps, kinda obvious that its just pump and dump game yet so many people are willing to shell out money to try their luck in this shitcoin while its not about luck but about how whales gonna manipulate the market.
even CMC has given some warning in regard of anyone that invests in FTT should be careful since this token might get liquidated by the estate. yet right now it suddenly dumps.
can't imagine how many people have yet lost again some amount of money around peak of ftt, but i can be sure that this thing gonna get repeated few times just to trap some newbies into investing.
after all you can't be investing into some dead shitcoin thats supposed to have utility by the exchange, yet the exchange itself is nowhere to be seen.

[2Pizza410000BTC]

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 ?

I thought FTX was dead when the owner of FTX bankrupted the FTX exchange. FTT was essentially dead after the bankruptcy. But now in various news FTX owner will rebuild this FTX with all his assets due to which FTX started to rise again. But as it is still in good position I don't think this FTT will die later. I think this FTT price will recover and move back to previous positions. Currently FTT Price is $3.42 (-18.02%)

My personal initiative is to buy some FTT and invest for a long time I hope FTT recovers its price movement one day.

[Kelward]

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.

Why linger on a project that have failed and lost value and integrity once, so what if the same thing happens again, then who is to blame? I think that we should not  limit our selves to FTT, where there are credible options in the market. Crypto investments are risky because any particular coin can become worthless in the market and it's investors will bear the loses, it is sad that even popular coins and exchanges can fail, like in the case of FTX. Even if they're revived, it'll be hard to attain a trust level again. This is why I've limited my self to only bitcoin and binance, they have my trust rating any day.

[Tytanowy Janusz]

I don't think that SBF in its current position can manipulate the crypto market. After the jury found Sam Bankman-Fried guilty, the only thing he should care about is what sentence will be handed down by the judge in March 2024. But even now it is obvious that he will be on state support until the end of his life.

it doesn't have to be him in person. There is a lot of talk about his political connections, there are some big fish behind him who continue to play the fate of the token. Certainly, a 400% pump in a few days to capitalization of $1.5 billion on the token of a scammer exchange that has deceived customers and has not made their funds available to them for a year is not normal. From a distance you can see the manipulation on the chart. Keeping support at $1 for a year, not delisting FTT on the largest exchanges despite the collapse of the exchange (the only reason for the existence of the FTT) and the arrest of the CEO. The culmination of the manipulation is the current pump. its dynamics and the general market environment, where dead projects mainly pumps (gas as example).

[Sophokles]

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 ?

I still wonder why this token price is not zero yet after what happens with its founder and exchange. I saw news that FTX is thinking about relaunching, but the question is who is going to use that exchange again? I don't think people will trust that exchange any more even if it comes with better service. Just look at what happens with Luna and UST. Just think about where they were and where they are now. They lose the hype, trust and interest even though Terra luna blockchain infrastructure is still one of the best in the industry.

There are so many news stories happening in the crypto space and investors have lots of options. So why would they risk their funds on something that has already failed before? What new happens with that project that investors can trust again? If they plan to launch FTX and FTT again this will challenge Binance. I don't think they have any interest in providing quality service or care about their customers funds like before.

[Abiky]

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 die if FTX is unable to make its customers whole again. But I've read somewhere that the defunct exchange is getting close to paying losses in full. There are rumors of a comeback, so seeing FTT "pumping" right now should be of no surprise to many. Even SEC chairman Gary Gensler hinted the possibility of FTX making a comeback soon. I think a prominent investment company is going to buy all of FTX's assets, and get into the game. It could be Blackrock, Microstrategy, or even Fidelity. God knows what will happen in the future.

I would be cautious when investing into the FTT token because of the high risks involved by doing so. If there's no comeback, you could risk yourself losing it all in an instant. No one wants to be left holding the bag anyways. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts

[Huppercase]

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 ?

Did he invested before or after?
If it's before, then I'm sorry to say that the future of FTT token is blur and no one can tell you for sure how it will turn out because:

• SBF is schedule to be prosecuted by March come 2024 for guilty of 7 count charges and if he will be going for at most 100 years as many people speculate on his criminal deeds
  
• There are thousands of investors that has loose money to FTX heist and they are  waiting sitting on the bench for some recovery, if the token should come up, there is going to be stress from selling side because imagine a coin that was around $51 and then crash to nearly $0.8, if there is anyone to benefit from this recovery are the people that bought the bottom.
• The exchange is likely to take more time before the relaunch and if there is no utility as the exchange that power the tokens, then it's useless. It will be traded base on speculations and not actual use.

If you are still holding in loss and you have endured since that November to now, continue to hold. Who knows what might happen tomorrow, FTX exchange might be bought back by some other rich men that will have different vision for the exchange and trust might be earned back.

[tvplus006]

I still wonder why this token price is not zero yet after what happens with its founder and exchange. ..

Because this will not be allowed by investors who, under no circumstances, do not want to stay with a token whose price is zero. And one of these investors is Binance, which actually explains the reason that the FTT token is not delisting from the exchange after the collapse of FTX.

[batang_bitcoin]

I'd say it again because there is another thread about asking Will FTT token everly hit it ATH again?
That people should just stop thinking of something better will come on this token. If you have been holding it, don't hope for the best and if you're thinking to invest on it then don't try to catch those knives that will fall on your hands. If your brother OP is still in there holding this token, yeah as you have said it's likely going to have a slow death.

[Abiky]

I'd say it again because there is another thread about asking Will FTT token everly hit it ATH again?
That people should just stop thinking of something better will come on this token. If you have been holding it, don't hope for the best and if you're thinking to invest on it then don't try to catch those knives that will fall on your hands. If your brother OP is still in there holding this token, yeah as you have said it's likely going to have a slow death.

People just want to make a quick buck by riding the hype. It's a risk that will cost them dearly in the long run if there's no comeback of the now-defunct crypto exchange. For what I know, there are only rumors of a comeback. Nothing has been officially confirmed yet. I'd stay away from the FTT token just to be safe. Who knows if it goes to $0 soon?

There are far better alternatives on the market with a promising future. Just diversify into prominent cryptocurrencies (BTC, ETH, BNB), and you'll have nothing to worry about. Only time will tell us whenever FTX will gain the trust of crypto traders and investors again, or all the other way around. As long as we have plenty of options to choose from, nothing else matters.