What Is The level of impact of FTX crash on Your portfolio? - page 3.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: o48o on January 10, 2023, 11:38:36 AM

How would i know it? Everything in this market is connected and nothing happens in isolation. I am guessing that crash of UST had way bigger effect and bear market started way before FTX. How big part of the crash was because FTX it's hard to say, but i am rekt after taxes.

The current situation in the real world doesn't help either with the prices of everything growing I needed to cut my spending as much as possible to even survive.

I agree with you on the high inflation rate that has affected the price of goods in the market even gas and petroleum products price have also skyrocketed globally, and the impact of the whole bear market situation on the price of most coins even Bitcoin have faced a huge decline in price before the FTX situation but even at that, it impacts on most of the market assets have been felt greatly.

Quote from: inthelongrun on January 10, 2023, 07:25:57 AM

FTX fucked up my portfolio badly. But then again, my eyes are focused on the 2024 and 2025 markets. So I managed to take advantage of the situation. I bought some altcoins and bitcoin at $16k and I am still planning to add more before it goes back to $19k and $20k levels which were the price ratio before the FTX crash. The same with altcoins although I think I have too many altcoins on my list and it makes me confused as to what coins will I buy next. Hopefully, there are no more big exchanges to crash again as regulations are stepping up to avoid these types of problems in the future.

Quite a lot of investors lost some significant drop in the total portfolio, but we have also noticed from the response of some members of the forum have made it clear that some never trust their assets with third parties so they have the coins stored on the cold storage wallet of exchange, so they never experience it direct impact but it had a general impact on the market.

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

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.

How would i know it? Everything in this market is connected and nothing happens in isolation. I am guessing that crash of UST had way bigger effect and bear market started way before FTX. How big part of the crash was because FTX it's hard to say, but i am rekt after taxes.

Current situation in the real world doesn't help either with prices of everything growing i needed to cut my spendings as much as possible to even survive.

Easteregg69

sr. member

Activity: 1572

Merit: 267

Quote from: Wiwo on January 10, 2023, 10:38:34 AM

Quote from: inthelongrun on January 10, 2023, 07:25:57 AM

FTX fucked up my portfolio badly. But then again, my eyes are focused on the 2024 and 2025 markets. So I managed to take advantage of the situation. I bought some altcoins and bitcoin at $16k and I am still planning to add more before it goes back to $19k and $20k levels which were the price ratio before the FTX crash. The same with altcoins although I think I have too many altcoins on my list and it makes me confused as to what coins will I buy next. Hopefully, there are no more big exchanges to crash again as regulations are stepping up to avoid these types of problems in the future.

I accept the fact that we need to prepare ahead for the next Bitcoin halving cycle because we believe the price of bitcoin will rise after the halving which is expected by 2024. But if I may add my 2 cents to your choice of investment ahead of the next bull run, you should try to access the basis for your decision on the choice altcoin can be very dangerous and most of them don't rise along with bitcoin when there is a bull run and because of that, I would like to concentrate more on Bitcoin since there is some certain level of degree of possibility of a next bull run but most altcoins can't be certain of making a price recovery that could meet up with the next markup bull chain.

You best start accumulating.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: inthelongrun on January 10, 2023, 07:25:57 AM

FTX fucked up my portfolio badly. But then again, my eyes are focused on the 2024 and 2025 markets. So I managed to take advantage of the situation. I bought some altcoins and bitcoin at $16k and I am still planning to add more before it goes back to $19k and $20k levels which were the price ratio before the FTX crash. The same with altcoins although I think I have too many altcoins on my list and it makes me confused as to what coins will I buy next. Hopefully, there are no more big exchanges to crash again as regulations are stepping up to avoid these types of problems in the future.

I accept the fact that we need to prepare ahead for the next Bitcoin halving cycle because we believe the price of bitcoin will rise after the halving which is expected by 2024. But if I may add my 2 cents to your choice of investment ahead of the next bull run, you should try to access the basis for your decision on the choice altcoin can be very dangerous and most of them don't rise along with bitcoin when there is a bull run and because of that, I would like to concentrate more on Bitcoin since there is some certain level of degree of possibility of a next bull run but most altcoins can't be certain of making a price recovery that could meet up with the next markup bull chain.

Coyster

legendary

Activity: 2184

Merit: 1302

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.

Well, i don't really have an altcoin portfolio per se, neither did i hold any coin on the FTX exchange, so from my own point of view the impact is zero. I don't thik the FTX saga affected altcoins all that much, what it affected is centralized services, quite a lot of them that had one affiliation or the other with FTX lost so much money through FTX's downfall, this led to some of them going bankrupt themselves, whilst others are still struggling to recover from the losses. Having said that, the individuals that this saga destroyed their portfolio are prolly those who had any funds whatsoever in FTX, and i'm afraid, for many of them there might be no such thing as recovery in sight.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Since my portfolio is mostly bitcoin and some ethereum, I dont see much impact. Besides the only impact that we need to consider is how badly the market falls so we get a discount to buy at low prices. Shitcoins will be volatile to any sort of news and the news of FTX have shaken them a lot so much so that I predict many of them will never be able to recover their break even prices for many traders, sadly.

This is why we must vow to never buy into random shitcoins available across the market. The coin that we need to accumulate is bitcoin and maybe some of the top five altcoins. But keeping the crypto portfolio limited to these makes our chances of loss much less.

Oneandpure

sr. member

Activity: 2100

Merit: 309

I don't get any bad impact with my portfolio assets trough FTX crash and collapse last year, but I was sadly about my friend condition right now after losing fund above $200,00. Loss opportunity with FTX as place for me convert ETH as fee for swap or sending erc20 coins.

I lost contact with him after few weeks when FTX crash until right now still can't communicate with him, ever he tried for selling his assets when first time FTX crash and sell with values under $30,000 with fund having above $200,000. I don't see any ine interested and want yo make gambling buying assets in market have going crash.

Xal0lex

staff

Activity: 2436

Merit: 2347

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

-snip-
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.

Of course, my altcoin portfolio became more unprofitable after the November events than before. Some of the altcoins I was buying at the bottom showed a new bottom because bitcoin dropped sharply to $15,500, thereby pulling all the altcoins I had in my portfolio. Now the recovery is starting and my portfolio is also recovering. My portfolio is not short-term, so I don't panic too much when I see temporary drawdowns.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

FTX fucked up my portfolio really badly. But then again, my eyes are focused on the 2024 and 2025 markets. So I managed to take advantage of the situation. I bought some altcoins and bitcoin at $16k and I am still planning to add more before it goes back to $19k and $20k levels which were the price ratio before the FTX crash. The same with altcoins although I think I have too many altcoins on my list and it makes me confused as to what coins will I buy next. Hopefully, there are no more big exchanges to crash again as regulations are stepping up to avoid these types of problems in the future.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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

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.

1. FTX Bankruptcy does not affect my altcoin portfolio as I do not hold any FTX related coins, and I am grateful for that.
2. I haven't seen a big recovery rate in my altcoin portfolio, but that's okay because it will increase and profit me.

The recovery phase may have started because we see that the bitcoin price has been able to return to its current price even though it is not as high as we expected. But this is a good sign that can give bitcoin investors some hope. We still have to wait until the price can reach the price we want.

Jackl87

sr. member

Activity: 1722

Merit: 269

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

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.

As everyone else i was also very much affected by the bankruptcy of FTX of course, but to be honest at that point my portfolio was already down so much that it didn't really matter anymore anyway to me. Back in may of 2021 during the height and the end of the last bullrun my portfolio had a significant value, even for first world standards and i think at that point i was like at least x100 in the profit zone. Of course i did not sell because i am a notorious holder and i always wait for a life-changing portfolio value and then the bear market came and even before the whole stuff with FTX happened my portfolio value was already down to a x2 of my initial investment and now i am maybe at a x1.
So yeah definitely a big loss because of FTX but after all that dumping the months before it did not really matter anymore to me.

klidex

hero member

Activity: 1498

Merit: 504

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.

Valeriary

newbie

Activity: 29

Merit: 0

He not only influenced me, but also the market. The already sluggish market has fallen into a cold. I purchased a small portion. In fact, this incident also tells us: Don't put all your eggs in one basket. Don't miss any news from the market.

Oasisman

hero member

Activity: 2716

Merit: 552

I'm still sorry for those who have lost their funds on the FTX crash and still on the process of recovery. Luckily, I have not been involved with using the FTX platform, not even once.
I noticed, not a lot of people lost their funds with the incident based on the posts regarding the issue. I guess, most of them affected ones are coming from a different crypto community, maybe through social media, coz those people are actually very susceptible to scams, hacks and stuff like that.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

considering that it quite literally brings down so many altcoins out there even btc included, I think it is quite significant, if counting from luna crashes until now I guess my investment has lost about 70% of its value. I think everyone that are still have their investments in general are losing about that much of value, after all the effect of these crashes are tremendous.

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

I don't know, maybe I was living under the rock, but I didn't trade or use FTX at all. Of course I heard about it , but dunno, maybe I smell something fishy with it meteoric rise in just short amount of time.

1. With the collapse, definitely it affected almost all crypto currency prices, so majority here see their money going down because of the collapse.
2. Still so-so up to this day, but definitely not the end of it all so it's better to not look at the negative. But continue to accumulate as much as we can because the price is still cheap. We should go on and look for our investment and not be negative about the impact it has bring to us. Look long term and you might feel good with your continuing accumulation in this bear market.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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.

I agree, Generally the FTX crash did affect the whole market that create another havoc in altcoin and even BTC prices. Terra still affects the market that time but yeah we are still on a bear market and we can never expect that another bad situation wouldn't happen again. People shouldn't never expect a ROI in crypto, Let alone FTX/FTT given that it is a volatile assets and prices could be very uncertain. People should stop having delusions of expecting ROI on crypto at a given time, I think it gives like a big expectation for newbies that they will receive a sure returns.

samcoin

hero member

Activity: 1358

Merit: 582

Leading Crypto Sports Betting & Casino Platform

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

1: What is the impact of FTX bankruptcy sega on your
altcoin portfolio?

Fortunately, I wasn't affected by the hack as I don't have FTX account, in addition I mostly hold Bitcoin and don't hold coins like FTT and Solana which made the highest drop down. The effect I had is the effect that all holders had, I mean FTX collapse generally affected all holders of Crypto because it was the catalyst for the recent drop down wave. In every cycle, there should be a black swan events, and in this one we have had Luna and FTX collapses, I hope there's no other events like these.

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

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.

It seems Solana price has well recovered some of the losses, but I think the project lost credability as big part of the capital locked in Solana was moved out to other chains, so it's like a useless chain now.

cryptoaddictchie

legendary

Activity: 2254

Merit: 1377

Fully Regulated Crypto Casino

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

1: What is the impact of FTX bankruptcy sega on your
altcoin portfolio?

Actually none. At first I did created account on ftx but I did like the UI and design so I didnt use it, so its a good grief for me that I didnt put any funds on that exchange. I knew some of my friends was devastated since they are fond of using ftx and some of them didnt manage to withdraw some of their fund due to restriction.

Ziskinberg

hero member

Activity: 3010

Merit: 666

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.

Topic: What Is The level of impact of FTX crash on Your portfolio? - page 3. (Read 560 times)