FTT Token - page 2. | Bitcointalksearch.org

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Quote from: ft_lauderdale on October 27, 2023, 01:17:47 AM

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 ?

TBH, I thought that the project would be long gone after what happened to them. I didn't expect that somebody will act as another CEO, and will try to save the project in John J. Ray III.

Will it be the same again as what it was at first? Obviously no. Will the trust of the investors be regained after what happened? Probably because it seems like there are still investors who are investing in FTT tokens for some unknown reasons. It's kind of stupid that they tried to scam you, but you still choose to trust them because... I don't know. Probably some might not know the past of the project, and they just invested into it blindly.

Future of the token, and the project? It will slowly die I guess. What happened in Terra Luna, and FTX are different, but both projects became very unpopular now after what happened to them. Both of them still have community though even though they tried to scam their investors which is for me, very absurd and ridiculous. I will not touch this project, and it's a good thing that I didn't touch it because I'm thinking of doing it a few years ago when it's still at it's peak.

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Quote from: nelson4lov on November 09, 2023, 06:16:51 PM

Quote from: goaldigger on November 09, 2023, 05:50:16 PM

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

true, the revival of ftx even somewhat gets approval from the authorities since its all gonna fall under new management anyway, its definitely gonna be rally for ftt in the long run for its platform gets revived again but also need to watch out, new management means sometime new revolutionary thing, god knows if they have plan to abandon ftt altogether since they can't bear the responsibility of mantaining that coin anyway since they are reviving the platform and also already shelling out so much money for it.
there is always possibility that they gonna building the system from scratch and might just outright ignore ftt, we still don't know how things gonna be but its better to know that no clear decision have been made, only if they are confirmed that they gonna recognize ftt that its gonna be safe to invest in ftt though the coin itself already climbing up in price.

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Quote from: nelson4lov on November 09, 2023, 06:16:51 PM

Quote from: goaldigger on November 09, 2023, 05:50:16 PM

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

Market was giving reaction to the news consider FTT has become one of largetst exchange site in the past and then there's no doubt if people would be hyping it.

People are always judging FTT was a scam. The chance for FTT to go to the moon again is still there. There have been many parties are showing their interest to reboot this exchange site again and i do like that.

I have secured my FTT when the price was around 1.5 and it keeps going even higher than before. FTT is a good token as long as its exchange site will be rebooted. FTT is still trading at the bottom this time.

People are always calling this a trap, dead token without even following the development of FTT process to be rebooted.

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Quote from: ft_lauderdale on October 27, 2023, 01:17:47 AM

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 ?

Earlier yesterday I brought up this information in my local board but found it not useful to me in anyways, here I still found same information. But all I have to say is FTT token might be of good use to to some people if only it can regain it's Glory back. Although the current pump of FTT token might look promising but Predicting if this will be a success after several months of price failure.

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Quote from: goaldigger on November 09, 2023, 05:50:16 PM

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

goaldigger

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Quote from: alani123 on October 31, 2023, 04:09:13 PM

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

amishmanish

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Quote from: tvplus006 on November 09, 2023, 12:15:59 PM

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.

Wow. Unbelievable that he actually said that?!

There were backdoors in the code and it is now probably all owned by the courts too. I can't believe that those who went along with making those changes can be trusted to not do further mischief. These people who are bidding to buy the brand equity and relaunch are possibly looking to profit from the pump that would result based on speculation. Who knows one of those three interested parties may already have done it.

The SEC chair giving this statement may also be part of the plan.

I mean why would anyone trust FTX as a brand again. Did ENRON relaunch and had a field day being run by "leadership within bounds of law"?

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Quote from: tvplus006 on October 27, 2023, 09:59:53 AM

Quote from: Tytanowy Janusz on October 27, 2023, 02:03:29 AM

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.

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.

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Quote from: alani123 on October 31, 2023, 04:09:13 PM

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

its now on the same level as the shitcoins in general, its just useless and people holding onto it are definitely those kind of people that already investing too much and don't wanna move on.
from the perspective of someone who still use logic, i would definitely avoid this coin, cryptocurrency is having too much good coin out there that investing in FTT is simply just wasting money.
the emergence of L0 which layerzero, added with the fact that exchange token like binance are performing really well because the company behind it are not some shady scammy company.
there are just many options out there and I only get baffled by the fact that people would still choose FTT for investment, I guess they don't really love their money.

alani123

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FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

redsun114

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We all know what happened to that crypto exchanger. They don't just simply shut their business down but they are also involved in different anomalies. I think that was enough to not hold on to any of their creations anymore because it will definitely have a bad future. There are still lots of great cryptos out there with a clean reputation so why should one stick on FTT?

Even if they state a reason on why people should keep on rooting for the coin, I still don't think that lots of people will follow. I think one mistake is enough. We shouldn't let the abusers to keep on abusing us because this is where they will get motivated to continue.

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Quote from: ft_lauderdale on October 27, 2023, 01:17:47 AM

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 don't know where you gathered the data that most Americans invested in FTT. Many traders and investors are avoiding that coin. As far as I know, FTT has no use anymore. It was created mainly to use in FTX, but as we all know, FTX does not exist anymore. It only means that FTT will no longer needed and only exist for trading.

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Quote from: GreatArkansas on October 30, 2023, 12:14:54 AM

For me, FTT will become just like other altcoins that experienced some bankruptcy or any issues with the government.
Some of these altcoins could be used for some pumps and dumps, the best example is for the altcoin token of Luna before.

For me, if a project has some issue like this, it isn't easy to regain the people's trust. So for me, it's a no, not to trust anymore again.

Well, FTT didn't experience just bankruptcy, its CEO scammed people for millions. It's hard to bring attention to the project after something like that. LUNA wasn't able to do that, and I don't believe in FTT.

GreatArkansas

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For me, FTT will become just like other altcoins that experienced some bankruptcy or any issues with the government.
Some of these altcoins could be used for some pumps and dumps, the best example is for the altcoin token of Luna before.

For me, if a project has some issue like this, it isn't easy to regain the people's trust. So for me, it's a no, not to trust anymore again.

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I don't know how you come up with a claim that most of Americans invested in FTT. I can't imagine a reason why people would still continue to trust a token that is created by an exchange that fooled a lot of people and stole tens of billions of people's money. I can't even understand why this FTT shitcoin still has value. It should already be zero. I know there are powerful people behind this manipulating the price of this shitcoin, trying to keep it afloat. I know this is isn't anymore under the control of SBF but it remains to be a shitcoin. Avoid it.

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Quote from: ft_lauderdale on October 27, 2023, 01:17:47 AM

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.

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Quote from: ft_lauderdale on October 27, 2023, 01:17:47 AM

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.

Oneandpure

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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.

$crypto$

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Quote from: livingfree on October 27, 2023, 09:04:30 AM

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.

Tytanowy Janusz

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Quote from: tvplus006 on October 27, 2023, 09:59:53 AM

Quote from: Tytanowy Janusz on October 27, 2023, 02:03:29 AM

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.

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