What Is The level of impact of FTX crash on Your portfolio? - page 2.

tvplus006

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Quote from: Silberman on January 10, 2023, 03:02:42 PM

The effect on my portfolio was minimal, since I am only holding bitcoin I was affected when its price was down but since I did not sold my coins then the current recovery has being enough to offset those losses, because if I remember correctly I think the price was a little bit higher when the whole FTX fiasco went public, still it is not difficult to imagine that many people have lost a significant amount of money, and it will be impossible for them to recover it for those which were invested in FTT.

The price of bitcoin has now fully recovered after the collapse of FTX. But the price of altcoins is still very low and more time is needed for it to reach the level when the dump related to the collapse of FTX occurred. And this in practice shows once again that holding in bitcoin is more profitable than in altcoins.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: TribalBob on January 15, 2023, 07:56:57 AM

I didn't experience much impact from FTX because I only used FTX to buy ETH and didn't keep my funds in exchange wallets other than exchanges that have representatives in my country
For portfolio recovery, it will take time until the market is really good, I think and it won't be in the near future

Portfolio is a group of assets so they will run just like the market runs. Recovering the portfolio should never be the target, in a face of bad news every asset will drop in their price and you will face a red filled portfolio. Your job at that time is to accumulate more to increase assets that were difficult to obtain previously. A badly bought coin is way more harmful that a bad news bringing down the valuation of your portfolio.

Those who had coins stored on the exchange will have suffered irrecoverable losses and they should have learnt their lesson.

Silberman

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Quote from: WalkerIVIV on January 14, 2023, 06:08:39 PM

Quote from: Odusko on January 14, 2023, 05:22:07 PM

Not many of us are customers of FTX and at rhat we may not have direct impact of the bankruptcy as per say, but the effects of the situation resulted into the crash in the market price of most assets.
Bitcoin and the rest of the other coins witnessed a massive sell-off, and until now the market is still trying to recover from the aftermath of that ugly situation that happen some time ago.

agreed there are many that thinks if we're not this platform customer then we're not affected somehow, but the truth is, I think almost everyone investing in cryptocurrency getting affected, that's because this crash further causes the massive dumping and therefore bearish market that's somehow more massive than usually and prolonged ones at that. Even though I do agreed that customers of the platform was the ones that incurred loss, there are billions of money lost and majority of them coming from the customers, I wish they'd get their reimbursement that they should have.

There are direct and indirect victims of the crash caused by the mismanagement of the FTX exchange, obviously the ones that were directly affected include those which had their money in that exchange and those that were invested in their token, but there were many people that were indirectly affected, like the weak hands that were still holding their coins but that after FTX crashed they got too scared and believed the FUD and finally decided to sell their coins, if the FTX had not crashed it is possible those people could still be holding their coins instead of being out of the market already.

TribalBob

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I didn't experience much impact from FTX because I only used FTX to buy ETH and didn't keep my funds in exchange wallets other than exchanges that have representatives in my country
For portfolio recovery, it will take time until the market is really good, I think and it won't be in the near future

TitanGEL

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Quote from: JeffBrad12 on January 13, 2023, 06:37:55 PM

the impact of this crash is indeed devastating, big share of my investment portfolio was affected greatly that i'm sure majority are also impacted, even luna is already devastating enough, the ones that didn't get affected are the ones that didn't invest that big considering even btc and eth are also getting affected, even though many says its caused by bearish, but had it not for all these crashes i'm sure this bearish not gonna be this massive.

Same to me because I have NFT portfolio in SOL. When the scandal of FTX began, I suddenly look the market and it's not good because it keeps crashing wherein my portfolio began to lose more than -50%. But as of now, my portfolio is now breakeven because of the series green candle of SOL. I also choose good NFT's in SOL that helps me to retrieve my losses because of the FTX crash. I created an account in FTX a long time ago and the wisest decision that I made is not to put money in there because if that happen, I may get depressed because of what SBF did.

WalkerIVIV

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Quote from: Odusko on January 14, 2023, 05:22:07 PM

Not many of us are customers of FTX and at rhat we may not have direct impact of the bankruptcy as per say, but the effects of the situation resulted into the crash in the market price of most assets.
Bitcoin and the rest of the other coins witnessed a massive sell-off, and until now the market is still trying to recover from the aftermath of that ugly situation that happen some time ago.

agreed there are many that thinks if we're not this platform customer then we're not affected somehow, but the truth is, I think almost everyone investing in cryptocurrency getting affected, that's because this crash further causes the massive dumping and therefore bearish market that's somehow more massive than usually and prolonged ones at that. Even though I do agreed that customers of the platform was the ones that incurred loss, there are billions of money lost and majority of them coming from the customers, I wish they'd get their reimbursement that they should have.

Odusko

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Not many of us are customers of FTX and at rhat we may not have direct impact of the bankruptcy as per say, but the effects of the situation resulted into the crash in the market price of most assets.
Bitcoin and the rest of the other coins witnessed a massive sell-off, and until now the market is still trying to recover from the aftermath of that ugly situation that happen some time ago.

len01

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to be honest I very rarely include bitcoin in my portfolio and only include bitcoin and ethereum in it. but I still feel the impact of the FTX crash which caused the market to be more severe at that time and the price to deepen.
for the current recovery rate it's been decent for me when the current market starts to recover a bit and will get even better when the market starts to be bullish it will recover further

JeffBrad12

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the impact of this crash is indeed devastating, big share of my investment portfolio was affected greatly that i'm sure majority are also impacted, even luna is already devastating enough, the ones that didn't get affected are the ones that didn't invest that big considering even btc and eth are also getting affected, even though many says its caused by bearish, but had it not for all these crashes i'm sure this bearish not gonna be this massive.

Silberman

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Quote from: uneng on January 10, 2023, 09:19:27 PM

Quote from: Hypnosis00 on January 10, 2023, 04:56:05 PM

We can't deny OP that because of FTX the market prices drop and everyone is affected. Though it badly affects my portfolio, I'd never find it unreasonable to become worried and panic about the future of my investments. Now, as we can see the market is able to recover and this is probably because people aren't too emotional when it comes to this issue anymore. It somehow gives some market shake but that was only for the short-term, the market will still move forward as long as holders and investors have trust on crypto.

That is true. Everyone was affected, directly or indirectly, because the scandal has reduced the confidence of investors in crypto market, which retreated their money from volatile assets during 2022, but right now things are looking a little better for investors in general, as Bitcoin and Ethereum are recovering. On the other hand, investors who had funds invested in other altcoins, especially the ones which are more unstable and less reputable may find themselves more affected than us, as some projects were more exposed to FTX and Alameda.

And while it is true that everyone was affected by the scandal that FTX created, at the same time this is the kind of event we should expect during a bear market, so in the great scheme of things not much changed, however I will admit that it never crossed my mind that one of the exchanges that we will see going down during the bear market was going to be FTX, however now the market is showing and impressive recovery and this should help us to finally put all of those bad news behind us.

wiss19

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Altcoins are not as big as Bitcoin so they are slightly fragile and can react easily to any market condition but there are still alts which can work well in long term. It can be an older alt since it's more trusted and it can also be a new alt because there might be more to come from them but we should be careful on this one.

Always do a proper research first. Now to your main question, of course, the impact of FTX bankruptcy is very bad in my portfolio but I am still in control because I am not new here anymore and I know that it's only part of the game. A game where weak hands are going to be eliminated and the strong-handed ones shall remain at the end.

uneng

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Quote from: Hypnosis00 on January 10, 2023, 04:56:05 PM

We can't deny OP that because of FTX the market prices drop and everyone is affected. Though it badly affects my portfolio, I'd never find it unreasonable to become worried and panic about the future of my investments. Now, as we can see the market is able to recover and this is probably because people aren't too emotional when it comes to this issue anymore. It somehow gives some market shake but that was only for the short-term, the market will still move forward as long as holders and investors have trust on crypto.

That is true. Everyone was affected, directly or indirectly, because the scandal has reduced the confidence of investors in crypto market, which retreated their money from volatile assets during 2022, but right now things are looking a little better for investors in general, as Bitcoin and Ethereum are recovering. On the other hand, investors who had funds invested in other altcoins, especially the ones which are more unstable and less reputable may find themselves more affected than us, as some projects were more exposed to FTX and Alameda.

Hypnosis00

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We can't deny OP that because of FTX the market prices drop and everyone is affected. Though it badly affects my portfolio, I'd never find it unreasonable to become worried and panic about the future of my investments. Now, as we can see the market is able to recover and this is probably because people aren't too emotional when it comes to this issue anymore. It somehow gives some market shake but that was only for the short-term, the market will still move forward as long as holders and investors have trust on crypto.

goaldigger

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Quote from: Wiwo on January 08, 2023, 04:35:47 PM

1: What is the impact of FTX bankruptcy sega on your
altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already, but we can't be certain how long that recovery will last.

Fortunately, none since I’m not exposed to FTX and don’t have the account on that exchange as well. Though some good altcoins are also affected by the FUD which I think is one of the reason why its down until now. Recovery is still not with my portfolio, they are still down and remains very volatile, the small pump is quiet not stable and probably it can still dump, bear market is still dominant, I’m just holding for now and waiting for my next move.

Furious 7

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I personally didn't really have any impact because I didn't actually store my assets in FTX and obviously this wasn't a real loss in terms of coins especially since I also don't have many altcoins which makes me not get too much effect here.
But maybe a lot of people are saving here for a lot of losing trades but this can also be a real lesson regardless of anything when investing on the exchange of course we know that it is not very safe in any condition.

bitgolden

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Quote from: swogerino on January 09, 2023, 05:24:25 AM

I was not impacted in the sense that I do not trade,I mine altcoins and the few I mine I choose altcoins who I think will not be for short term speculation but rather for long term profit.I explicitly mine ETHW,ETHF,RTM and ZIL as I believe these 4 to be some important ones for the next bull run.

Since I do not spend any money on these except electricity costs because my rigs have already paid themselves in 2021 I think the bankruptcy of a centralized exchange does not impact me that much except the price crash that it provoked soon after.

That's not a bad one, I have stopped mining long ago, and all the friends I have already sold their machines so I believe that you are still doing something noble by keeping it all safe and secure thanks to your mining.

However, at the end of the day if your mining became less profitable, or even not profitable, that means you were impacted, did you made more profits before FTX or after? That should have a clear answer to this question. If you are making less profit now compared to before that means you were impacted, if you are making similar or more than that means you were not impacted. There is nobody that could say it's irrelevant, you have to check and see.

Silberman

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Quote from: Wiwo on January 08, 2023, 04:35:47 PM

Every market situation always have a high impact on alternative cryptocurrencies more than Bitcoin, this is due to so many features that differentiate Bitcoin from altcoins.
Even though alternative cryptocurrencies are best for short-term speculation and not meant to be held for long due to their unstable market reactions.
So the question is.
1: What is the impact of FTX bankruptcy sega on your
altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already, but we can't be certain how long that recovery will last.

The effect on my portfolio was minimal, since I am only holding bitcoin I was affected when its price was down but since I did not sold my coins then the current recovery has being enough to offset those losses, because if I remember correctly I think the price was a little bit higher when the whole FTX fiasco went public, still it is not difficult to imagine that many people have lost a significant amount of money, and it will be impossible for them to recover it for those which were invested in FTT.

Adbitco

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The major effects was to those who held their fund on that exchange, sorry for those who kept their funds over there, basically is a generally effects that affects the entire crypto market, which some of my investment dropped in $ values, most especially my BNB token. Today i can still see some significant changes meaning there's hope to recover them all.

SquallLeonhart

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Quote from: klidex on January 10, 2023, 04:25:40 AM

Quote from: Ziskinberg on January 09, 2023, 06:29:49 AM

Well, the FTX scam issue makes a huge impact on the market in general and creates a huge price drop causing my portfolio to drop as well. However, it was just a short time and it recover slowly after a few days in red. I was thankful that I'm not a victim but I was really disappointed because a lot of people trust them and expect ROI from putting their money in, yet their expectations had failed and lost their money. It causes a traumatic impact on those people and was not sure if they still trust other exchanges now.

Indeed, when the FTX fraud problem and the collapse of FTX had a very negative impact on the continuity of the crypto market, even all investors also felt the impact of this for some time, although not long after, market conditions gradually began to revive.
And this opportunity is used by irresponsible people by spreading FUD periodically for the purpose of making matters worse so that the market is getting down until the price of crypto assets really reaches the lowest point and they are used by them to be able to buy crypto Bitcoin, especially at the lowest price. lower and larger.
I myself also feel the impact but still remain confident to continue to keep crypto assets in my portfolio and continue to believe that conditions like this will pass soon.

I have to say it's going to be pretty tough to handle all these big reactions in the market and it's not something we overcome in a day. This is why it has been quite troubling and it would be pretty long time since it happened and we still haven't reached back to 20k levels which we were at when this happened.

This is why it would be very important for us to reach back to 20k levels, because even though it doesn't mean anything in a financial situation where we are talking about something that would be quite amazing because it means we are over FTX and that would be great. It's definitely something that would help everyone at the same time and it would be a proof.

JunkieMiner

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First of all I didn't created an account on FTX till now, because I had only preferred Binance for the use or I had also stored my all funds at the Hard wallet, that is simply amazing. The wallet in my hand means the assets in my hand. So, the FTX Crash didn't effect my portfolio at a larger scale but it may be somehow.

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