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Author Topic: Will FTT token everly hit it ATH again?  (Read 480 times)
Samlucky O (OP)
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November 09, 2023, 01:58:53 AM
 #1

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

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November 09, 2023, 02:10:57 AM
 #2

so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again.

It's pretty hard to predict which turn this sort of tokens would take my friend, these are pumped and dumped tokens, although I've seen rare cases where an abandoned project took another turn in the market and made a big wave but this only occur on rare occasions so I would keep my fingers crossed if I were you

I remember being part of this project several years back, I was determined to hold on to the toke  while others where rushing on selling off their tokens simply because the project was at it's dump stage. I believed so much in this project and decided to HODL at all cost.

It did pay off actually because the token did recover and beat its all time high, but that was the only time I witnessed such miracle.
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November 09, 2023, 04:11:51 AM
 #3

Quote
I remember being part of this project several years back, I was determined to hold on to the toke  while others where rushing on selling off their tokens simply because the project was at it's dump stage. I believed so much in this project and decided to HODL at all cost.

It did pay off actually because the token did recover and beat its all time high, but that was the only time I witnessed such miracle.
You seems to have had so much experience in the crypto space but your forum account speaks otherwise. I hope you have familiarize yourself with the rules and regulations of the forum? If yes that's good if no make sure to go through these threads as they will help you in this forum.
https://bitcointalk.org/index.php?topic=703657.0
https://bitcointalk.org/index.php?topic=1689727.0
https://bitcointalk.org/index.php?board=39.0

Just helping a brother.

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Samlucky O (OP)
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November 09, 2023, 05:02:34 AM
Last edit: November 11, 2023, 04:34:55 AM by Samlucky O
 #4

Quote
I remember being part of this project several years back, I was determined to hold on to the toke  while others where rushing on selling off their tokens simply because the project was at it's dump stage. I believed so much in this project and decided to HODL at all cost.

It did pay off actually because the token did recover and beat its all time high, but that was the only time I witnessed such miracle.
You seems to have had so much experience in the crypto space but your forum account speaks otherwise. I hope you have familiarize yourself with the rules and regulations of the forum? If yes that's good if no make sure to go through these threads as they will help you in this forum.
https://bitcointalk.org/index.php?topic=703657.0
https://bitcointalk.org/index.php?topic=1689727.0
https://bitcointalk.org/index.php?board=39.0

Just helping a brother.

You speak like you know more. Can you educate me on this link you sheard here. and what is my offense? I think maybe your a legend in a disguars of a newbie. Here is place where we shear taught or idea and if there is no need for that you can quietly skip. its not  a must to comment on anything you see. if what you are talking about is maybe altcoin discussion I think similar thread has been treated before.

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November 09, 2023, 11:11:50 AM
 #5

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Of course we have to discuss more about bitcoin than any other currencies here because bitcoin is the only reason why we all gather together here, now that your discussion is not in local language and yet still talking about altcoins discussion, i think this topic should be best discussed on altcoins discussion board, if you can agree with me to move it there, the more reason why we needed a local sub boards to help categorize all other threads to where they belong accordingly.
Samlucky O (OP)
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November 11, 2023, 04:18:09 AM
 #6

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
I posted this thread in my local board on the 9th that was a day after yesterday concerning this particular altcoin how it jumps from $1.22 to $1.80 in less than 24hours seeing it as an altcoin that one might invest in the shortest period of time, but was bullied and that made me to lock this thread and moved it to altcoin discussion.. Although I was still skeptical about the price  movement it's was just about 24 hours but now it's about 72 hours making it hit $4.38 and now isteal have the reason to believe that this altcoin has the potential to recover like I said earlier. What do you guys think please.

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November 11, 2023, 08:47:43 AM
 #7

FTT token is a native currency of FTX exchange and due to collapse of the exchange I don't think people will have that trust again toward this project since their bedrock are being destroyed and investors lost huge funds during the collapse, this has caused so much damages to the crypto market. About their sudden increase, well i won't argue any bit of it but should be very mindful as altcoin can't be trusted despite any rise to me this is possibly to gain back their investor's faiths but believe me or not no reasonable investors would want to go investment with that project anymore because their image has been tarnished. As a piece of advice to you if investing always use the funds you won't come larmenting of how you have lost huge funds, always be vigilant otherwise you won't know what would have happened next.

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November 11, 2023, 10:31:45 AM
 #8

This is pure gamble and we should never trust these pump and dump tokens ever, it's a trap I am telling you from my experience. Never ever think that abandoned projects will reach ATH and there are zero reason one should even be trading this token as it's a bubble which can burst anytime and boom all your investments and holding will be vanished like it happened. I don't think we should even discuss about FTT all time high rather we should be making people aware that it's a scam is back to pool some more money from naive investors, I am sure most of these who have invested into FTT and got more than 2x profits will not be cashing out yet in greed of more returns just to end up losing I mean there is nothing backing up this project and still it's pumping hard which means it's a pure manipulation.









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November 11, 2023, 10:48:22 AM
 #9

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

I was surprised to see the price performance of FTX Token (FTT) recently, based on 7 day TF, the price of $FTT managed to rise up to 240% with the current price around $4. Back to the question, can $FTT reach its ATH again? I don't think so, it's because their image is already bad, maybe the significant increase that is happening now is because of market pumping from whales. Remember that the ATH of $FTT is around $84, that would require an increase of almost 20 times from the current price which is already pumped up.

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November 11, 2023, 12:21:52 PM
 #10

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
FTT current price stand at $4.7 it was indeed a massive pump in it price from $1.2 however the possibility of reaching another ATM is far from reality because the last ATH was $85.7 in 2021 that was a massive pump as it stand now the price is already in a bullish run however it's price movement or price Action isn't going to be a one way traffic there is going to be price pullback or reversal before reaching $10 therefore the chances of reaching another ATM is very slim, halving of Bitcoin next would result to a massive pump in it price so also other tokens Like FTT would also experience a massive pump also however I doubt if it price would reach the last ATM.

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November 11, 2023, 12:24:50 PM
 #11

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.


I highly doubt it. This exchange has a lot of shadiness from its core and I doubt investors will be too optimistic on this token to invest huge amount even high price without thinking that the previous owner of this project still holds a lot of this token and willing to dispose anytime if he has a chance.

The existence of SBF is a threat to FTT growth that’s why it will never reach again ATH besides most of the CEX right has their own utility token which means competition is much tougher now compared before when FTT main rival is just BNB.

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November 11, 2023, 12:31:33 PM
 #12

so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again.

It's pretty hard to predict which turn this sort of tokens would take my friend, these are pumped and dumped tokens, although I've seen rare cases where an abandoned project took another turn in the market and made a big wave but this only occur on rare occasions so I would keep my fingers crossed if I were you

I remember being part of this project several years back, I was determined to hold on to the toke  while others where rushing on selling off their tokens simply because the project was at it's dump stage. I believed so much in this project and decided to HODL at all cost.

It did pay off actually because the token did recover and beat its all time high, but that was the only time I witnessed such miracle.
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November 11, 2023, 12:44:16 PM
 #13

Good recovery from FTT coins after OP post update under $2 and today success raise highest price around 24 hours more than $5, I don't know what beside news make FTT success raised up to higher price although their exchange not indicated will relaunch in short time. Talking about the opportunity hit ATH again I think its not easily around the highest price above $80 and difficult current price around $5. Regarding with their market not recovery or refund investors money I doubt with FTT will hit their ATH price although in this days make another highest price again.

Need more than x20 time for FTT return to their ATH price and looks almost impossible there are not good news with current FTX exchange market, are there highest price of FTT depend with whales impact and some time have potential to make it drop drastically again?

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November 11, 2023, 01:26:46 PM
 #14

Honestly speaking, it's just like the few juices left that can be dumped by whoever is holding a huge bag of it. I wouldn't want to catch those falling knives because for sure that many are hoping that they'll get a lot from it. I advise you to do your due diligence before going with the hype or else you'll be the one who's part of the crowd that's going to catch the falling knives. Don't get on it through type and there's no more hope with FTX and so does this token.



 

 

 

 

 

 


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November 11, 2023, 05:39:12 PM
 #15

It is interesting that significant pump in FTT token within such a short period of time. A 51% increase is quite impressive. While it is difficult to predict the future of any cryptocurrency especially in such a volatile market. By the way in my point of view it is not possible for FTT token to recover to its all time high again. It is important to make some analysis thorough research before making any investment decisions.

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November 11, 2023, 06:11:23 PM
 #16

Honestly speaking, it's just like the few juices left that can be dumped by whoever is holding a huge bag of it. I wouldn't want to catch those falling knives because for sure that many are hoping that they'll get a lot from it. I advise you to do your due diligence before going with the hype or else you'll be the one who's part of the crowd that's going to catch the falling knives. Don't get on it through type and there's no more hope with FTX and so does this token.
Really? Yikes. I wouldn't want to feed those dumpers, but even if you say that there also people who are willing to pump the coin, I won't still invest on it. I wouldn't support the people who created this coin because they have done something wrong to the public.

I feel sorry for those who hope to get big on this coin because they might only end up like that (hoping) but there is no real thing that is going to happen because I can feel that there are also lots of people who are scared to take risk and hates the coin too much for them to completely ignore it. There are many coins out there that needs our support better but I only hope they won't end up like FTT or FTX if they are still a new project.

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November 11, 2023, 06:26:13 PM
 #17

i feel that decentralization is the key ,  Any coin or token should not be controlled by a single or a group of persons , that was the original idea behind the foundation of starting bitcoin by satoshi after banking collapse in 2008.
if you see, the price of bitcoin as we see now, the value it created is due to decentralization , bitcoin is neither an exchange nor any stable coin as direct mode of payment but a pure decentralized coin without any single entity controlling it. , it is accepted as payment mode due to its vast decentralization.
similarly if you look at dogecoin , the original founder exited all his holdings long back  , once it got decentralized , the price increased significantly after that.
i feel the same should happen with FTT token.
There are thousands of youngsters who have worked hard invest in cryptos due to a better future ,  Why should they lose their hard earned money due to greed of others ?.
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November 11, 2023, 07:19:24 PM
 #18

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Like we all know that the crypto market can be very unpredictable looking at some strange things we normally see in the market which we never expected to see. The project might go up again to a level that would surprised many investors that had sold there holdings. That is how the market works, anything can happen anything any day so if you are already holding, it would be better to keep holding since the bull market is still loading. Just like we have seen with pepe recently that the price skyrocket when no one ever thought it would toook that kind of brave movement.









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November 11, 2023, 11:01:54 PM
 #19

When a token has fallen by 95% like FTT it is possible that we can see some big pumps. It won't get anywhere close to its ATH though. What remains of FTX is being sold off. FTT tokens could be abandoned entirely, dumped, or transferred to new ownership. If the FTX exchange comes back then the token would get relisted on many exchanges and current holders would use that opportunity to cash out causing the price to crash.

You would have to be a complete degen to invest a significant amount in FTT right now. It will take a long time before everything is fully resolved with FTX. It is risky to trade this token but if you have a few bucks to play around then I don't see much of a problem.

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November 11, 2023, 11:43:24 PM
 #20

this token quite literally already abandoned by the exchange itself i don't expect it to increase in price, even though recently there has been some pump, but its just random pump that also happened to many shitcoin its not a long lasting pump one that can sustain for long period and allow it to set up for breaking all time high.
if ftx is under new management there's not even any guarantee that the token itself will be utilized by the exchange and might possibly just abandoned since there are too many things needs to be solved with ftt.
you could guess how's the fate of this token, abandoned and liquidated by the estate. its basically just a shitcoin at this point but people like to play around with rumours and news so therefore it will have some pump and dump but definitely will never reach all time high in my opinion.

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November 11, 2023, 11:59:29 PM
 #21

I posted this thread in my local board on the 9th that was a day after yesterday concerning this particular altcoin how it jumps from $1.22 to $1.80 in less than 24hours seeing it as an altcoin that one might invest in the shortest period of time, but was bullied and that made me to lock this thread and moved it to altcoin discussion.. Although I was still skeptical about the price  movement it's was just about 24 hours but now it's about 72 hours making it hit $4.38 and now isteal have the reason to believe that this altcoin has the potential to recover like I said earlier. What do you guys think please.
I understand your excitement regarding the recent price surge of FTT tokens, and it's encouraging to witness significant growth. However, predicting prices is a challenging task. I believe that past performance is necessary for future results. It's essential to consider various factors that influence overall market sentiment, adoption, and developments related to the FTX exchange. Yes, you're witnessing a price recovery, but how far can it go? The significant question is whether it can reach or surpass its ATH. Because the possibility remains that, at any moment, it could experience a sudden decline that cannot be ruled out.

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November 12, 2023, 04:14:44 AM
 #22

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
Its now at $3 and rised until $5 but this is quite scary cause we all knew that some whales are using the tremendous hyped being on Sam Bankman on the Fundamental side. If you would noticed the big dumped down too since some whales or traders are probably taken profits now. Might probably looking for new coin ti ape in.

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November 12, 2023, 04:35:35 AM
 #23

Don't be carry away by some new projects because, some will develop some signs that will make you believe to invest huge amount of money and start displaying some things that will make you to regret why you make such decision in the past. There are many potential projects you can embrace from the market and apply long hodling on them, and you will like to invest your money on such project in the future because, you have seen some evidence that show that you are in the right direction.

Now we saw many changes in the crypto market because, BTC price has hit higher and investors need to be very careful with some new altcoins that is displaying some green light with low price to attract some customers before they will show their real color that will make their customers feel bad for putting their money in such investment.

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November 12, 2023, 05:08:22 AM
 #24

Well the SEC chairman Gary Gensler has given this token some 'bullish' signals. It was up 150% this past Friday up to $5.53. I do think we will see the ath again.

The token is now up 195% in the last 7 days the highest of any on coinmarketcap. https://zycrypto.com/sec-genslers-remarks-fuel-150-ftx-token-ftt-surge-stirring-community-dissatisfaction/

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November 12, 2023, 06:26:05 AM
 #25

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
We have seen the FTT token start to rise over the past few days.  Befor Yesterday we also saw the FTT token hovering at $5.54. Currently FTT Token (-20.60%) from also stood at $3.38. As we know this FTT token once almost died due to bankruptcy. But currently FTX's Co will restore FTX exchange with all its assets, which is why FTT token started to rise again. I think this FTT token will go back to the previous position. I have personally taken the initiative to buy some FTT tokens and keep them invested. Because in the future a person must recover his reward movement.

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November 12, 2023, 10:44:42 AM
 #26

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
We have seen the FTT token start to rise over the past few days.  Befor Yesterday we also saw the FTT token hovering at $5.54. Currently FTT Token (-20.60%) from also stood at $3.38. As we know this FTT token once almost died due to bankruptcy. But currently FTX's Co will restore FTX exchange with all its assets, which is why FTT token started to rise again. I think this FTT token will go back to the previous position. I have personally taken the initiative to buy some FTT tokens and keep them invested. Because in the future a person must recover his reward movement.

Although I have not buy it yet because am still skeptical about it. due to what shitcoin did to me, It has caused me emotional jopady. which I will still need to watch its move. I know it might not hit its ATH but maybe probably will make a little fortune. And it should be a short holding because due to analysis from members in this thread it shouldn't be invested with a huge amount because it's more of a gambling 50/50. Invest what you can afford to loose.

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November 12, 2023, 10:51:54 AM
 #27

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
It is a very unexpected rise to happen from FTT  (FTX) after a shocking collapse of this exchange. Though it was surprising, this won't make people gain the courage to invest and think about a brighter future due to the past issues that even be the reason for their collapse. It was indeed great to see this thing happen but never I thought it would turn to bullish first than with Bitcoin.

Maybe I was wrong but this pump shows something like there is manipulation with the price. In fact, it was very common for those projects that had issues in the past just to gain attention.



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November 12, 2023, 11:41:51 AM
 #28

FTX is a failed exchange and FTT is their product. Even if they manage to relaunch this exchange it will not be able to perform like other exchange tokens like BNB and CRO if there isn't any insider trading. This exchange is ignored by the SEC and they are still trying to help the exchange reestablish its foothold in the crypto industry. It looks like FTX still has influential friends in the government who are trying to help him.

FTT is doing well in terms of price but I don't think it will hit its ATH in the upcoming bull run. These tokens are still tradable on the open market so they can grow in price with any good news related to FTX.









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November 12, 2023, 12:26:30 PM
 #29

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
We have seen the FTT token start to rise over the past few days.  Befor Yesterday we also saw the FTT token hovering at $5.54. Currently FTT Token (-20.60%) from also stood at $3.38. As we know this FTT token once almost died due to bankruptcy. But currently FTX's Co will restore FTX exchange with all its assets, which is why FTT token started to rise again. I think this FTT token will go back to the previous position. I have personally taken the initiative to buy some FTT tokens and keep them invested. Because in the future a person must recover his reward movement.

Although I have not buy it yet because am still skeptical about it. due to what shitcoin did to me, It has caused me emotional jopady. which I will still need to watch its move. I know it might not hit its ATH but maybe probably will make a little fortune. And it should be a short holding because due to analysis from members in this thread it shouldn't be invested with a huge amount because it's more of a gambling 50/50. Invest what you can afford to loose.
Of course, you can't invest too much here, invest a small amount so that you don't regret even if you lose. And if it increases, then you may find some success. I will invest small amount and never invest too much because it can get dumped again at any moment.

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November 12, 2023, 01:44:35 PM
 #30

Well the SEC chairman Gary Gensler has given this token some 'bullish' signals. It was up 150% this past Friday up to $5.53. I do think we will see the ath again.

The token is now up 195% in the last 7 days the highest of any on coinmarketcap. https://zycrypto.com/sec-genslers-remarks-fuel-150-ftx-token-ftt-surge-stirring-community-dissatisfaction/
What's the usage of this token if the FTX is no longer in operation? Well the pump seems a good hyped but there's still a risk and manipulations are present as of the moment as we've seen the price down to $3 again. There's a big risk here and it is still far from its ATH so better no to be complacent here. There might be a good news going on with this project, know that they still owe investors and they have to return it to the rightful owner.

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November 12, 2023, 02:20:58 PM
 #31

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
We have seen the FTT token start to rise over the past few days.  Befor Yesterday we also saw the FTT token hovering at $5.54. Currently FTT Token (-20.60%) from also stood at $3.38. As we know this FTT token once almost died due to bankruptcy. But currently FTX's Co will restore FTX exchange with all its assets, which is why FTT token started to rise again. I think this FTT token will go back to the previous position. I have personally taken the initiative to buy some FTT tokens and keep them invested. Because in the future a person must recover his reward movement.

Although I have not buy it yet because am still skeptical about it. due to what shitcoin did to me, It has caused me emotional jopady. which I will still need to watch its move. I know it might not hit its ATH but maybe probably will make a little fortune. And it should be a short holding because due to analysis from members in this thread it shouldn't be invested with a huge amount because it's more of a gambling 50/50. Invest what you can afford to loose.
Of course, you can't invest too much here, invest a small amount so that you don't regret even if you lose. And if it increases, then you may find some success. I will invest small amount and never invest too much because it can get dumped again at any moment.
Your reasoning sounds more like gambling than investing. I usually see this kind of reasoning when it comes to investing in meme coins. But this is not the best way to lose money. Let's be realistic, ftt will be of no use to anyone. Sure it's manipulation and you might get lucky. But it's like a casino.

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November 12, 2023, 02:46:53 PM
 #32

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

It is a great gamble, or at least was. Quite a few speculators going to be rich af especially if they ever announce that FTX will be opened again (and if it doesnt immediately come with: but no FTX token) then AH is guaranteed.
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November 13, 2023, 04:04:00 AM
 #33

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

It is a great gamble, or at least was. Quite a few speculators going to be rich af especially if they ever announce that FTX will be opened again (and if it doesnt immediately come with: but no FTX token) then AH is guaranteed.


It's not that great. I mean, it's very risky, but doesn't seem like a reward is equivalent to that. FTX will be opened again, they are working on it, but who will use it after what happened?
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November 13, 2023, 09:20:27 AM
 #34

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
I posted this thread in my local board on the 9th that was a day after yesterday concerning this particular altcoin how it jumps from $1.22 to $1.80 in less than 24hours seeing it as an altcoin that one might invest in the shortest period of time, but was bullied and that made me to lock this thread and moved it to altcoin discussion.. Although I was still skeptical about the price  movement it's was just about 24 hours but now it's about 72 hours making it hit $4.38 and now isteal have the reason to believe that this altcoin has the potential to recover like I said earlier. What do you guys think please.
Look the recovery this coin has presented on the last days may seem impressive to some, but when you watch the charts the recovery this coin has made so far is barely noticeable, and while it still has the interest of several traders and speculators it will never reach a new ATH, and this is because one of the most important aspects of any coin is the trust people have in the coin itself and its issuer, and that trust has been broken already, so if I were you I would not have such high hopes for this coin.
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November 13, 2023, 09:51:03 AM
 #35

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

It is a great gamble, or at least was. Quite a few speculators going to be rich af especially if they ever announce that FTX will be opened again (and if it doesnt immediately come with: but no FTX token) then AH is guaranteed.


It's not that great. I mean, it's very risky, but doesn't seem like a reward is equivalent to that. FTX will be opened again, they are working on it, but who will use it after what happened?

It is very risky, there is no denying that. Also people who already bought it, they are probably safely locked in. I also know they are working on opening it again but at this stage i would not take it as a guarantee that it will be opened.
I wouldnt say it is a good hold, but its a pretty decent trade on a shorter timeframe. In this trade you capitalize on noobs fomoing in
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November 18, 2023, 11:35:48 PM
 #36

...I wouldnt say it is a good hold, but its a pretty decent trade on a shorter timeframe.

To increase your deposit five times in such a short time is the best that an investor can get. And if sell these coins in a timely manner, then you can invest the resulting profit partly in bitcoin and a small part in new altcoins, which theoretically can bring a good profit.

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November 18, 2023, 11:56:23 PM
 #37

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

It is a great gamble, or at least was. Quite a few speculators going to be rich af especially if they ever announce that FTX will be opened again (and if it doesnt immediately come with: but no FTX token) then AH is guaranteed.
ftt token most likely gonna get abandoned, new management doesn't want to get burdened with ftt and probably just gonna get liquidated, remember its new management we are talking here and they surely want to start with a clean start ftt is on the brink of its death, its even closer to its death than what people think thats why after rising it suddenly dumping again.
some smart people definitely known that ftt is not in the state of limbo anymore, its right now waiting from the decision of the company whether this coin gonna get utilized or not which we might already have the answer that the fact that this token has already falling under category of shitcoin, are we so sure that this coin not gonna get abandoned outright? maybe ftx will just not gonna create token again and will never utilize ftt.

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November 18, 2023, 11:59:15 PM
Last edit: November 19, 2023, 12:14:59 AM by TelolettOm
 #38

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
Even though FTT has managed to experience a good increase recently, but to reach ATH again, who knows. I'm a little pessimistic about that. Although today, FTT has increased by 10.44% to around $3.46. However, FTT's ATH is around $85.02. so, there is too much distance from the current price to ATH. especially now that FTT is not really worth it because the fundamentals are no longer useful. So, maybe it will be very difficult for FTT to independently reach ATH again.
FTT

And from this increase, we still don't know if FTT will actually continue to rise or just like market tests for some reason until they can reach the target point. However, we don't know whether FTT will drop again, so this means it's still too risky when we want to invest and put our money in this coin for the long term.

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November 19, 2023, 12:41:05 AM
 #39

I can't say it definitely won't happen for anything in the crypto market, but if I was going to put my money on a very risky gamble it wouldn't be FTT.
There are many ways to multiply your money, especially in crypto business. Why invest your money in the hope that a bankrupt company will rise again at the expense of going to zero? Besides that, FTT ATH was $85. I don't think it will ever reach that price again. The probability of aliens invading Earth is higher than the probability of this happening.

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November 19, 2023, 01:18:24 AM
 #40

It's impossible to happen without having FTX being rebooted in under a new ownership. Gensler has been clearly said that if FTT is possible to be rebooted again as long as it will be under new ownership.
We needs to wait the further development from this. I have seen some parties were interesting to rebooting the exchange site again. FTX has become a profitable business if SBF was not so damn stupid by rotating user's money.

I hope that FTX will come back again. This is one of great exchange site at that time. I was also active users of FTX. I think that FTX needs to be rebooted under new owner.
We are still waiting for the update from this. Some bids to get this exchange site have been coming. Waiting for the final decision from the creditors regarding this.

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November 19, 2023, 01:28:00 AM
 #41

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

  Did this happen on the date you said there would be a pump in the market? Maybe there are still others who are hoping that this Ftx will be able to return to Ath again. In fact, we have nothing to lose if we don't try to buy it.

  But honestly, it seems that I also want to buy it and then just hold it, because I think it will pump for sure when the bull run comes. For sure, that is in accordance with what I just observed.

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November 19, 2023, 02:31:11 AM
 #42

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

  Did this happen on the date you said there would be a pump in the market? Maybe there are still others who are hoping that this Ftx will be able to return to Ath again. In fact, we have nothing to lose if we don't try to buy it.

  But honestly, it seems that I also want to buy it and then just hold it, because I think it will pump for sure when the bull run comes. For sure, that is in accordance with what I just observed.
Although its not a must to attained the ATH but it migh pump a little for just a short time. And morover altcoins are like gambling always make sure you invest with your spear Money. Talking about investing on FTT token, its just a suggestion not a must or advert but just a suggested altcoin. Meanwhile if you give it a trial I sudjest a short term investment withing the bullish season after which you might sell because there might be massive dump after bullrun  Grin

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November 19, 2023, 04:56:04 AM
 #43

Well FTT token is still pumping and it is up 18% just in last 24 hours. And this is after now 1 year since the FTX exchange filed for bankruptcy.

It is not easy for me to have confidence to invest in this token. But there is investors that do think it will return to the all time high.

https://www.investorsobserver.com/news/crypto-update/should-you-buy-ftx-token-ftt-saturday

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January 18, 2024, 05:30:22 AM
 #44

Just because a token price is high in a short period of time is no guarantee that it will pump more in the future. It is difficult to predict the future of prices, but it is always possible that the price of something will reach a certain level again, but in the case of FTT token I never think it will reach the previous high again. FTT token pumped up a bit in the last two months to above $5 and currently the price is hovering around $3, I don't think it will go above $10 in the next two to three years. The value of these tokens can rise suddenly, and fall again suddenly.

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January 18, 2024, 05:32:13 AM
 #45

FTT is OVER.
Just take an example for a lot of projects before that turned into scams or went bankrupt, etc.
FTT is one of them. Where you can see how many lives were destroyed by FTX Exchange. It's already difficult to gain the trust of the people again, especially now that there are already a lot of better projects.

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January 18, 2024, 07:09:03 AM
 #46

I don't think so, because investor confidence has been lost anyway.
it's very difficult to return it.
in my opinion the increase was made by a group of people looking for profits by pumping and dumping in a short time.
you can see this case like on lunc and ustc.
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January 18, 2024, 10:27:08 AM
 #47

Predicting the future of such tokens is quite difficult, given their volatility and instability. Investments in such projects can be risky and restoration success is not always guaranteed. I always try to keep tokens from new projects, but experience shows that they need to be drained immediately when the project is launched, unfortunately
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January 18, 2024, 10:48:50 AM
 #48

I always try to keep tokens from new projects, but experience shows that they need to be drained immediately when the project is launched, unfortunately

I find that probably the safest way possible you can make profit from newly launched projects is to acquire tokens in the form of airdrops but of course you have to make sure that you would only get airdrops from those that seems legit aka those who do not require you to send them money

Some tasks are okay but other than that you might want to double check the project after you have acquired the token and let us say it gets value then you should be on your toes and immediately take them out you would not want to be stuck after everyone has pulled out their investment

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January 18, 2024, 11:09:59 AM
 #49

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Dear seems like you are holding FTT token and need some suggestions right? I am not holding any FTT Token right now but I would like to advise you that check the FTT token use case and is their team working on the project actively and are they collaborating with any other good project to make their own project successful these days?

Check the total supply from coinmarket cap and how much is currently circulating in the market right now. Another thing check how much it needs to reach its all-time high again if i need some so it will surely go to its all-time high again if the amount is still too high to reach its all-time high again then you should not hold it for the maximum profit you are expecting. Keep in mind to take any action in your own research. DYOR Many Thanks

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January 18, 2024, 11:46:13 AM
 #50

Is FTX Token (FTT) worth buying? Absolutely not! I think it's a complete scam. I mean, what's the point of buying a token that doesn't really do anything? It's just a digital asset with no real use. Plus, it's not even reliable. I've heard stories of people losing all their money when they invested in FTX Token (FTT). So, I wouldn't recommend investing in it. In my opinion, it's not worth the risk.

Investors are hoping FTX makes a comeback after it gets out of bankrupcy. It's this reason why the FTT token is experiencing a surge in price. But what if the exchange never makes a comeback? Then you'd be left "holding the bag". Investing in FTT is very risky. You can either win big or lose it all in an instant. That's why most altcoins are considered a "gamble".

I think "meme" coins are a far better investment than FTT (although they're still risky investments). The crypto market is full of surprises, so expect the unexpected. Cheesy

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January 18, 2024, 11:58:39 AM
 #51

As far as I know, altcoins can exist if the community supports them well. You can hold coins for a very long period of time so that the value can at least stabilize. and also from the developer side. if the coin developer no longer wants to move and innovate, make new breakthroughs. It is very possible that it will return to its former glory.

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January 18, 2024, 12:10:01 PM
 #52

I always try to keep tokens from new projects, but experience shows that they need to be drained immediately when the project is launched, unfortunately
I find that probably the safest way possible you can make profit from newly launched projects is to acquire tokens in the form of airdrops but of course you have to make sure that you would only get airdrops from those that seems legit aka those who do not require you to send them money

Some tasks are okay but other than that you might want to double check the project after you have acquired the token and let us say it gets value then you should be on your toes and immediately take them out you would not want to be stuck after everyone has pulled out their investment

It is fine if you will get free tokens from airdrops. But if you will pay for it or need to send some money just to get it, better think twice because more than likely, you are just wasting your time and resources. Based from my experience before, very few can really make it to the trading market. Also, most are being abandoned once they got a hold of their funds.

Though, I don't know now how airdrops are being handled. Are there really worthwhile airdrops to keep tab on?
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January 18, 2024, 03:01:22 PM
 #53

Is FTX Token (FTT) worth buying? Absolutely not! I think it's a complete scam. I mean, what's the point of buying a token that doesn't really do anything? It's just a digital asset with no real use. Plus, it's not even reliable. I've heard stories of people losing all their money when they invested in FTX Token (FTT). So, I wouldn't recommend investing in it. In my opinion, it's not worth the risk.

Investors are hoping FTX makes a comeback after it gets out of bankrupcy. It's this reason why the FTT token is experiencing a surge in price. But what if the exchange never makes a comeback? Then you'd be left "holding the bag". Investing in FTT is very risky. You can either win big or lose it all in an instant. That's why most altcoins are considered a "gamble".

I think "meme" coins are a far better investment than FTT (although they're still risky investments). The crypto market is full of surprises, so expect the unexpected. Cheesy
even if the exchange make comeback there's no guarantee that they would use their old ftt token anyway, they could just abandon it altogether, there's really reason to invest in this coin these days, too much uncertainty for a coin to invest, and the condition of this coin is more on the negative sides.
the ftx comeback is definitely still something that is uncertain as well as you said, yes there are news that they gonna be making some reimbursement toward the people that has lost their coin in the ftx collapse but even that is also have so many dramas i doubt that everything will go smooth and especially this token ftt gonna get easily recover to its all time high again.
let alone all time high, i even doubt it could get to more than half of its all time high, overall worst coin to invest these days.

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January 18, 2024, 03:53:18 PM
 #54

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

Of course we have to discuss more about bitcoin than any other currencies here because bitcoin is the only reason why we all gather together here, now that your discussion is not in local language and yet still talking about altcoins discussion, i think this topic should be best discussed on altcoins discussion board, if you can agree with me to move it there, the more reason why we needed a local sub boards to help categorize all other threads to where they belong accordingly.
We prefer bitcoin investment more than any other currency. Prefer to discuss Bitcoin. Because even though Bitcoin is risky, many lives are changed by investing in Bitcoin. This is why most people who choose Bitcoin prefer to invest in Bitcoin and prefer to discuss Bitcoin more.

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January 19, 2024, 09:40:26 PM
 #55

even if the exchange make comeback there's no guarantee that they would use their old ftt token anyway, they could just abandon it altogether, there's really reason to invest in this coin these days, too much uncertainty for a coin to invest, and the condition of this coin is more on the negative sides.
the ftx comeback is definitely still something that is uncertain as well as you said, yes there are news that they gonna be making some reimbursement toward the people that has lost their coin in the ftx collapse but even that is also have so many dramas i doubt that everything will go smooth and especially this token ftt gonna get easily recover to its all time high again.
let alone all time high, i even doubt it could get to more than half of its all time high, overall worst coin to invest these days.

The FTX team should've burnt all of the FTT tokens to shut it down for good. But not doing so, tells us that they're planning something "behind the scenes". I've read online that former NYSE president hinted the possibility of buying all of FTX's assets. The exchange could resurrect under the management of the NYSE (New York Stock Exchange). But all of this is speculation, of course. It may or may not happen in the future, leaving many FTT holders "holding the bag" (bagholder).

BNB is a much safer bet, in my own opinion. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Wink

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January 19, 2024, 09:49:59 PM
 #56

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.









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January 19, 2024, 10:18:20 PM
 #57

The FTX team should've burnt all of the FTT tokens to shut it down for good. But not doing so, tells us that they're planning something "behind the scenes". I've read online that former NYSE president hinted the possibility of buying all of FTX's assets. The exchange could resurrect under the management of the NYSE (New York Stock Exchange). But all of this is speculation, of course. It may or may not happen in the future, leaving many FTT holders "holding the bag" (bagholder).

BNB is a much safer bet, in my own opinion. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Wink
That doesn't mean he would have meant FTT, but the other assets the FTX holded. Because it's wiser for them to sell them via over-the-counter market, rather then dumping them to buy walls and crash the market even more.

It wouldn't even make any sense for any company to buy FTT as it was an ftx token and has no use case for anyone else. It would just be a token with a tainted and shady reputation. It doesn't make any sense for anyone buying that up. Even if someone wanted to rebrand FTX under a new name, buying ftt because of it would be equivalent to throwing money in a fire pit. It serves no one but a fire.

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January 19, 2024, 10:21:04 PM
 #58

I don't think so, because investor confidence has been lost anyway.
it's very difficult to return it.
in my opinion the increase was made by a group of people looking for profits by pumping and dumping in a short time.
you can see this case like on lunc and ustc.
Losing investors from the day they cheated, no matter how good news they bring, people no longer believe such good news. But sometimes the market goes up due to the transactions of some traders. Many may give different assurances but those assurances should never be trusted. USTC should not be held long term but can earn something by trading for a short period of time. If you are dreaming of USTC/LUNC to brighten your future, stop dreaming.

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January 20, 2024, 08:55:24 PM
 #59

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.
It's difficult to find a project that have good roadmap, because along the way, some unplanned bearish candles will hits the project and most of them doesn't survived them. We can spot out next altcoins that would be promising and also barter for another solid opportunity to grab good winnings from the system. ATH prices are the main point to triggered the sell button because we would watch our portfolio grow to become gigantic above our expectations. FTT got delisted from the main crypto exchange and even though the team behind the project fight really hard to win the case, they have a long fight because it's a long path down.

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January 20, 2024, 11:45:58 PM
 #60

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

But the experts are considering the relaunch of the FTX exchange a catalyst event. FTT is related to that exchange so if FTX manages to relaunch it will be a positive sign for FTT holders. Actually, the FTX exchange wasn't that bad and it has institutional investors in it. So a relaunch of FTX with better service and a better management team can help the FTT project itself survive in the industry. I am not sure they will succeed or not because a lot of people lose their funds in FTX and just want them back.









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January 21, 2024, 12:30:34 AM
 #61

actually FTT is finished. since the owner Sam Bankman-Fried was hit by a legal case the coin has finished many exchangers have delisted FTT. to survive and be able to survive is good. if to reach the latest ATH price is clearly very difficult.

But the experts are considering the relaunch of the FTX exchange a catalyst event. FTT is related to that exchange so if FTX manages to relaunch it will be a positive sign for FTT holders. Actually, the FTX exchange wasn't that bad and it has institutional investors in it. So a relaunch of FTX with better service and a better management team can help the FTT project itself survive in the industry. I am not sure they will succeed or not because a lot of people lose their funds in FTX and just want them back.
there's no saying that the new management will keep recognizing FTT as the token of FTX in the past, they could just outright refuse to recognize it to be honest since they are new management they have no burden to continue something thats already failing, also before we are talking about new management of FTX we should talk about reimbursement first, there's many rumour that FTX only willing to reimburse using old rate where they are collapsing and that not exactly what people wanted since they are losing the money around ftx collapse which is at the bearish they also want to be reimbursed in form of crypto which right now has risen quite the amount at least.
its overall still difficult situation to deal with FTX but what can save it is money, and if they do make reimbursement i highly dobut they will continue ftt.

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January 21, 2024, 02:48:13 AM
 #62

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.

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January 21, 2024, 03:54:59 AM
 #63

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
Anyone interested in that coin needs to tread carefully, the collapse that coin suffered was a big event that shook the market and it affected it for quite some time, and while some may think that the come back of such exchange will be good news, I do not think this is the case, as this will mean that a coin that by right should have disappeared long time ago will keep its place on the market long enough to lure more people to invest in it, and most likely those people will suffer huge losses once the exchange failed as no one will be interested in using it out of fear of another collapse.
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January 21, 2024, 03:59:09 AM
 #64


The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
[/quote]
As at the time I created this thread, I was thinking maybe the move it made would make it grow just as other altcoins like SOL and ORDI was growing, but to my greatest suprise I see that it didn't grow as expected. Though I can't predict it's future but I don't really think if this coin can recover anytime soon or even if it can.

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January 21, 2024, 04:45:54 PM
 #65

That doesn't mean he would have meant FTT, but the other assets the FTX holded. Because it's wiser for them to sell them via over-the-counter market, rather then dumping them to buy walls and crash the market even more.

It wouldn't even make any sense for any company to buy FTT as it was an ftx token and has no use case for anyone else. It would just be a token with a tainted and shady reputation. It doesn't make any sense for anyone buying that up. Even if someone wanted to rebrand FTX under a new name, buying ftt because of it would be equivalent to throwing money in a fire pit. It serves no one but a fire.

The new company might make a "burn program" for FTT holders to "burn" their tokens in exchange for a new one. If they don't, then holders will be "rekt" in the long run. It's not worth buying this token because of the huge risk of loss. People just want to speculate on it with the hopes of making money in the long run. It's a "free market", so who are we to blame?

I think FTX will pass onto history as the worst crypto exchange ever. If Mt, Gox didn't make a comeback, what makes people think FTX will? Hopefully, this would be the last time a crypto exchange of a large scale collapses in its entirety. With regulators weighing in, investors/traders can feel confident their funds will be safe no matter what. Just my opinion Smiley

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January 21, 2024, 04:55:46 PM
 #66

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.


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January 21, 2024, 08:58:03 PM
 #67

In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us

You can share your thoughts on this.
The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
I feel sorry for those who FOMO, thinking what they read will happen. They should have learned their lessons by now. I hope so? With all the damage that FTX have delt, I don't think they can restore their reputation again. And how will they pay those who owe them money? They need to that first. In investing, there is always a risk. If one don't want to face it, then they shouldn't invest at the first place.

It does not mean though that we will now invest on projects like FTT, but we should only go for the best ones. If the same people behind FTX wants to try again, they better do that on a brand new project and for sure they will conceal their selves which will still make the investors doubt about them.

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January 24, 2024, 11:33:44 AM
 #68

FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.

I don't understand why CEXs let customers trade FTT for other cryptocurrencies. They should've de-listed it already to prevent huge losses in the long term. After all, FTX is no longer operable. I guess if there's a huge dip in FTT's price, investors/traders make a class-action lawsuit against CEXs. I'm yet to see how that will play out in the long run. The odds of FTX making a comeback are slim, especially when the brand's already "tainted". They would have to come up with a new name and a new token to lure investors into their business.

Crypto has come a long way since both the Mt. Gox and FTX's collapse, so I'm hoping things will get better in the future. With regulators weighting in, what could go wrong?  Roll Eyes

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