Topic: FTX recovered $7.3B in Assets and is considering restarting! - page 3. (Read 1084 times)
Of course this is good news so that investors have high hopes that this year they will get a profit or return on investment. I have been using FTX for a long time, which was originally named Liqui and hope that big investors will invest in FTX so that it can become big again.
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Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.
If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.
As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.
honestly most of the victims must be realistic that maybe things not gonna go as they expected. even the news of this company comeback isn't really clear, it's all just circulating rumour with no real legal action whatsoever, always prepare for the worst scenario.
We should prepare for the worst-case scenario when we first enter the market, not just start thinking about it now. I know that no one wants to lose money when investing, but we want to have fast money, if we wish to have high returns, we must accept high risks. Don't forget the golden saying in crypto investing "invest only what you can lose" I bet many people are familiar with that saying, but not too many people will do that. Because our greed is so great, it is not until we lose everything that we feel regret and resentment about our fate.
This is good news and investors will be patient and hope for better in the future, I still keep FTT and save until now and hope the price can reach at least $ 5, and hopefully this year will recover soon and also the case of FTX exchange will not happen again.
holding ftt is risky honestly you never know what the company gonna decide, they might also just dump this token and create new ones if they ever consider restarting, even then them restarting is nothing more but rumours. that's the reason that I think $5 is unrealistic but then again everything could be happening.moreover we've all known how crooked the management was, they are always using some trickery, this just contributes a lot in their reputation that i'm sure having token for their exchange is definitely gonna be bad idea.
I think from here on, ftx will just become mediocre rather less credible and reliable exchange, their name has been tained, quite literally they are ending their own career, even many already consider this company as a nothing more than a joke.
This is good news and investors will be patient and hope for better in the future, I still keep FTT and save until now and hope the price can reach at least $ 5, and hopefully this year will recover soon and also the case of FTX exchange will not happen again.
(....)
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.
If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.
As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.
honestly most of the victims must be realistic that maybe things not gonna go as they expected. even the news of this company comeback isn't really clear, it's all just circulating rumour with no real legal action whatsoever, always prepare for the worst scenario.
(....)
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.
If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.
As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.
When it comes to fund recovery or what then it would really be just be still questionable which we know that even on Mt.Gox situation where the funds isnt really that totally been given back.
How much more on FTX? If ever they would really be able to return it out on complete then it would be good but i would be still hindering on making use of their platform which i couldnt really
blame out people on having these kind of impression considering that once trust had been broken then it cant really be taken back completely or you would
really be convincing people on making use of your platform once again. These are type of issues which is unforgivable.
That is true for most people, but there will definitely be enough people to make this worth their while for them. In the end we are talking about a situation where we may not end up with something good when it comes to people losing their money, it will unfortunately happen without a doubt. I know that it is going to take a while before people could trust it again, but there were people who invested into LUNC after LUNA got nearly to zero.
People who had 10 million invested into Luna had their money shrink to 10 cents, that is the trouble and I should not be shocked about the fact that there could be some people who would still put their money into FTX again anyway. I have to say that it is going to be a tough situation to handle but there will be some money lost again for sure.
I think that's not going to happen this time around. I know that there were people who invested into scammed places, I mean you could scam someone, and then tell them you will recover their money and ask for more and scam them again, this has happened before. So all in all I would guess that it is not going to be a good deal to make sure that we could make a profit this way, we need to teach people to avoid it, but this one is a legal issue as well so it could be a bit different.People who had 10 million invested into Luna had their money shrink to 10 cents, that is the trouble and I should not be shocked about the fact that there could be some people who would still put their money into FTX again anyway. I have to say that it is going to be a tough situation to handle but there will be some money lost again for sure.
FTX is already at the hands of the courts, so I believe that people will not fall for it this time around, it would be pretty difficult to find people willing to invest into something that is getting sued and potentially jailed for stealing others money, you would have to be a complete moron to do that.
(....)
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.
If all the victims get their money back, that is a good thing, I fully support that. But with what happened to Mt.gox, which makes me more pessimistic, I don't think they will want to give us our money back.
As for the FTX crash affecting market reputation, I think having invested in crypto, we should get used to that. If you notice that, every time a bear season occurs, there is always some crash or bankruptcy that sends the market into a state of panic. It looks like it was pre-arranged, without FTX, there would have been a similarly massive crash that sent the market into a panic. We can't expect a market that can get us rich quickly while keeping us safe. This is the essence of investing in cryptocurrencies, I think everyone knows that.
I feel like even with the new management, that's not going to be easy to trust them again so this should not really make too much sense. I get that a lot of people are hopeful about it but I do not have that hope unfortunately. The best thing they could do is just basically give up, and should not be a company that tries to revive and spend so much money to do that and then fail again.
People lost their feeling towards them and just ignores them now, so having another one it will not end any good way. I know that it will not be a good month or period, but it should not be a bad one neither, it's just not possible. All in all I believe that we could do much better if they just use that money for something else, whatever debt they endured during this period.
That is true for most people, but there will definitely be enough people to make this worth their while for them. In the end we are talking about a situation where we may not end up with something good when it comes to people losing their money, it will unfortunately happen without a doubt. I know that it is going to take a while before people could trust it again, but there were people who invested into LUNC after LUNA got nearly to zero.People lost their feeling towards them and just ignores them now, so having another one it will not end any good way. I know that it will not be a good month or period, but it should not be a bad one neither, it's just not possible. All in all I believe that we could do much better if they just use that money for something else, whatever debt they endured during this period.
People who had 10 million invested into Luna had their money shrink to 10 cents, that is the trouble and I should not be shocked about the fact that there could be some people who would still put their money into FTX again anyway. I have to say that it is going to be a tough situation to handle but there will be some money lost again for sure.
There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.
I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.
it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.
(....)
Just think if these are all true, funds are all back then for sure it will be extremely bullish news in the entire cryptocurrency market.
I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration and it also used by short-term traders. And for the long term trading we should think about those season and halving.
Even though the market can recover quickly from the effects of ftx and luna, investors' losses cannot be recovered even though they have switched to investing in bitcoin, so the bad effects of ftx and luna must be a lesson so that high losses do not occur again from altcoin investment choices, we must avoid investing risky altcoins and must determine the safest investment options so as not to get involved in scam altcoin investments
As the FTX team is expecting a new ATH this will likely be hard to happen as soon as the price goes up again. I believe that will happen sooner rather than later as many can see this dump as a great opportunity.
This has been happening for months and we haven't seen any major bearish trend so far. It'll not be too far off but still possible.
It's just that, they don't want to give any real support for this to come. It will still be a good win for FTX.
The FTX team has been here for just a year and it's not going to be easy to take another ATH for these last two years. With the FTX guys here in the forum we are still left wondering why we are still here. They are also trying to put a positive outlook here, but they are not making any real effort to continue to keep this on the radar, especially since FTX has no new ATH.
They didn't mention anything about new ATH, so this is just another chance for them to buy any ETF's they want, especially if they are going to keep that ETF.
This has been happening for months and we haven't seen any major bearish trend so far. It'll not be too far off but still possible.
It's just that, they don't want to give any real support for this to come. It will still be a good win for FTX.
The FTX team has been here for just a year and it's not going to be easy to take another ATH for these last two years. With the FTX guys here in the forum we are still left wondering why we are still here. They are also trying to put a positive outlook here, but they are not making any real effort to continue to keep this on the radar, especially since FTX has no new ATH.
They didn't mention anything about new ATH, so this is just another chance for them to buy any ETF's they want, especially if they are going to keep that ETF.
it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.
I feel like even with the new management, that's not going to be easy to trust them again so this should not really make too much sense. I get that a lot of people are hopeful about it but I do not have that hope unfortunately. The best thing they could do is just basically give up, and should not be a company that tries to revive and spend so much money to do that and then fail again.People lost their feeling towards them and just ignores them now, so having another one it will not end any good way. I know that it will not be a good month or period, but it should not be a bad one neither, it's just not possible. All in all I believe that we could do much better if they just use that money for something else, whatever debt they endured during this period.
There has been a very positive impact on FTX's planned return to the industry, but surely who would have so much faith in their reputation the second time around? There must be a lot of people asking, what if they were planning an even bigger scam that would make this industry crash even harder than before. I would doubt them, a lot of people would doubt it, but the positive thing is about people getting their money back.
I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.
it's matter of whether they gonna fall in the hands of new management I guess, even then i'm sure the new management will somehow reach out to the former management, I think you have good point, their reputation is just too tainted at this point that at every of their move will instead trigger massive suspicions, there's also chance as you said that they are planning an even bigger exit but i'm sure everyone gonna be watching this company constantly and sees if there's anything strange, hopefully though the people that deserve reimbursement and refund gonna get what they deserve that the first priorities right now.I wouldn't put them as one of the platforms I would trust for any amount of money if they came back, it just puts me at risk because their past track record is too dismal. But who knows, they might still improve their reputation and compete to be first.
I don't care if they restart the exchange, as I've never used it, and given what happened, it's not even worth my consideration. And you are right, their story is not clear, they keep making announcements about asset recovery and plan to restart the company, but they never mentioned when they would return the money for their victims. More suspiciously, the news that came out was that the FTT token benefited, like someone playing a game of cat and mouse, manipulating it for profit. I doubt FTX will be the 2nd Mt.gox, they are also playing cat and mouse, and 9 years have passed without a single investor getting compensation.
I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration and it also used by short-term traders. And for the long term trading we should think about those season and halving.
Even though the market can recover quickly from the effects of ftx and luna, investors' losses cannot be recovered even though they have switched to investing in bitcoin, so the bad effects of ftx and luna must be a lesson so that high losses do not occur again from altcoin investment choices, we must avoid investing risky altcoins and must determine the safest investment options so as not to get involved in scam altcoin investments 
Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.
I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?! Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.
But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.
but look at on where we are now? We are playing around 30k as of this moment which is totally showing that we've recovered into that condition on that below 20k price.
Starting up for FTX again after all the issues? For sure they wouldnt really be getting a single support for this one.
Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.
I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?! Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.
But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.
Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.
I just couldn't see real relation in regard of luna recovering and also market recovering past previous all time high, that's a bit stretch isn't it? because if you think that the main reason market become bearish was luna and you also think it could be recovered back only if luna is also recovering the that's just ridiculous.Luna will definitely never be the reason the market could get back to bullrun instead, it's just gonna drag the market down with its fully speculative nature right now that's also full of manipulation, it's gonna be a lot better if luna lost its trading volume and eventually gets delisted, many gonna spared from the manipulation from the whales of the coin without even knowing it.
Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.
I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?! Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of market will also depend on those.
right now, the only reason I guess that could affect the flow of the market is just the flow of institutional investors in which right now focused in layer 2 like optimism, arbitrum and so on, they've invested millions even billions of dollars.
Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.
I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?! Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.
But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.
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