Topic: What Is The level of impact of FTX crash on Your portfolio? - page 4. (Read 560 times)

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.

Close to nothing. I think my portfolio originally only had a small amount for altcoins in the first place at the time? It was after everything was over that I started adding more after all. I also had no FTX account so my coins were pretty much safe. If we were talking about Bitcoin which make up almost all of my crypto portfolio then it might be different though, that was a pretty big hit but considering I already started investing at $30k, it doesn't really feel that much.

At first when the FTX crash obviously took everyone's portfolios into a tailspin, but that didn't last long as I was prioritizing Bitcoin let alone having an emergency fund to accumulate in December. So if we talk about how dependent it is on people investing in altcoins, it's probably going to be a little bit slow in terms of turning around. Bitcoin is now starting to recover and I'm still getting profits, for the impact of FTX it looks like it's over. It's just that we still need to be careful that there is still a lot of finance that Alameda currently has on hold. It could turn the situation around.

Didn't have any funds there and my portfolio was already in the red before it happened, so it didn't really impact me that much.
Those who do not have assets in FTX will not experience a long impact because before the case appeared the crypto market was already in a bearish state and where many have experienced a decline in assets in the USD value, only those who have assets in FTX and have their tokens are still struggling to get up, not yet keep up with developments whether all of their user assets there can be withdrawn, if not you can also because I read that at FTX Japan there will be withdrawals available in February so they still need a longer time to cover all losses due to this case.
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The entire cryptocurrency market fell significantly because of that FTX ugly event and not only alternative cryptocurrency bitcoin indeed slip dipper in it price even though the price dropping started long before the bankruptcy note that cost much fuds in the market and led to a 20%-40% drop in some coins even some coins dropped to zero in the face of the crisis that lasted for almost 2 to three weeks and beyond to this point.
70% to 80% is a big loss but since there is already a recovery sign then it will take some time and you just need to wait out the time, bitcoin most especially have been showing some level of uptrend moves but the market forces always pull the price back each time it attempts to break the present level. And it also good that you took advantage of the present condition to restock your portfolio with new buying since this is the best time to buy.
Good move most especially if you portfolio consist more of bitcoin you can be confident to hold for long and wait for it market to recover because it will definitely recover at some points, but the truth is, some altcoins may not fully recover so if your portfolio consists of such coins you may have to prepare for a long wait than regular because it will take a significant pump to get them back on track but all the same its good you said you already make up your mind to wait.

Unfortunately, the FTX incident had a major negative impact on the market in general, whether Bitcoin or Altcoin. Today there is some green in the market, but this does not mean that the market has really begun to recover. I think this incident will continue to have a bad effect for some more time.

In general, my portfolio was affected a lot and I lost about 70-80% of the value of the altcoin that I keep in my portfolio. I only keep altcoin for speculation and do not hold it in the long term, but I could not get rid of it in time before the prices fell.

My loss is big but I haven't lost hope yet, I hope the market recovers again and I get compensation for these losses.

Well, altcoins take about 30-40% of my portfolio, so I felt it pretty hard, and BTC fell too. But I'm not selling anything, I strongly believe in my portfolio. Bought some more while I could, so I guess in long term I might be winning.

You have a good point. When FTX crashed, bitcoin was worth $17k; after news of FTX crash was announced, bitcoin dropped to $15k. According to me, this is not a big drop so I can't say that FTX is the cause of the market's downturn. We started a bear cycle from the end of December 2021, and bitcoin plummeted from $69k to $30k, then the Luna crash caused bitcoin to drop even more. With or without FTX, the market will crash as we are in a market winter cycle, and in each of those cycles, there will always be more reasons for bitcoin to plummet.

Mine was pretty good because I was able to convert it before the disaster came and I managed to flee from the crypto market before my portfolio became bloody red after what happened to FTX. it really affected the entire market and it's still the same reason why people nowadays have doubts about putting their crypto assets in exchanges because they fear for themselves to fall into the trap of exchanges like FTX where they first give their users some good freebies to attract them but in reality, they have the plan to steal their money in the future. Right now, we need not rush in anything regarding the crypto market situation because of the current bearish trend, things are not yet going to recover the way it was before the FTX incident.

I am a holder of FTT token and I had to sell 15% loss when rumors about it, I can say I was quite lucky in the last crash of FTX. Other than that, I don't have any extra influence as most of my assets are bitcoin and USDT. The FTX crash only caused bitcoin to drop from $17k to $15.5k, so it's safe to say the damage isn't significant. I think the ones who suffered heavy losses are FTX users and investors iSolanana, sol is considered the project that suffered heavy losses after the FTX crash.

I did not use FTX exchange and did not invest in or trade FTT token so my portfolio was not affected by the crash of FTX exchange and its token FTT.

Unfortunately, my portfolio was impacted indirectly and I believe most of people were impacted too if they did not have cash for their portfolio. Stable coins are not safe in past months too.

The fiasco of FTX exchange and crash of FTT token created massive panic on the market. Many altcoins were impacted and fell down too which are not good for people who have too many altcoins in their portfolios.

The crash of FTT is still smaller than a crash of LUNA token that could impact more people individually but in market generally LUNA token crash had smaller impact. FTX and FTT are bigger than Terra and LUNA in market caps and relations with other projects, cryptocurrency companies.

For me, it was tough and the worst experience ever because at first, I thought I was already safe of the recent dump we experienced last year like when Luna started, that's the time most of my altcoins are already converted to stable coin and FTX is the cryptocurrency exchange that I trusted for my stablecoins and I staked my stablecoins just to earn some small interest but shit happens.

according to what I feel, the impact is not too big because I invest in quality altcoins that have a top 10 ranking. so even though there was a decline in the past, at least there will be a high potential in the future. and now the altcoin that I have is starting to experience a fairly high increase.

so what I feel as a result of the ftx collapse, is not too heavy, fundamentally because I invest in quality altcoins.

There is more discussion stating FTX as teg reason for the ongoing market downturn. According to me, even if the FTX issue haven't arisen we could've experienced similar market situation. It is the regular market and FTX issue is just a part. I haven't got much of holding, so I'm on the safer side.

The market crashes over time have happened for different reasons. Now the crash happened close to the FTX incident and for the same everything is connected to it.

1. Since Bitcoin was affected by the collapse of FTX it's also the same as the altcoins since we know that the price of altcoins was tied up with the Bitcoin price.  Another is the data that you've submitted on the FTX might be lost or who knows it will become at risk.

2. When FUD was widely spread, it takes too long for the FUD that will disappear, which create panic among the people that resulted from the price of Bitcoin going down.  But yeah, I saw now the slow recovery of the price but it's too early to say it is because it could be a normal resistance.

1. We all have been affected by it so the same goes for those people that have lost a huge portion and value of their portfolios due to FTX's fiasco.
2. I don't know how high or low the recovery for my portfolio has to happen. But one thing that I am sure is that I'm also able to buy cheap coins during this crash or bear market.

1. I have an account on FTX but I don’t hold any funds, probably loss my personal data there and I don’t know if I got exposed on a lot of platform because of that.
2. FTX influence the bear market, honestly I lose some funds because of the FUD and I was not able to sell right away, fortunately its not big. FTX is dead, no more hope for this and if you got trap better to keep going with your other investment.

1. Literally on FTX then we are just the same since i dont hold any funds on that platform but cant really deny that in overall which it did might cause to contribute on the current bear market that we are facing today.
2. Not that much since we arent that moving high and we are still sitting  on probable bottom but it is really good to see that at least we do have that normal day on seeing some green candles.
Most of the coins that i've been holding is mostly on inside top #10 coins in the market which we know that it is much worth on holding it out rather making yourself
do play with those low  caps.

1. Not that much since I don’t have an account on FTX and I don’t hold any altcoins that are connected to FTX so I’m pretty safe from their exit but not in the bear market in general.
2. Still on a lower level which I can’t see any significant changes, I guess the market is still far from that recovery, I just focus more on accumulation right now.

I mean unless ypu literally had coin on the site and completely lost it then you could determine it.  But in terms of price going up or down you can't specifically say it was directly related to tlftx closing or not.  Am I missing something here in terms of what you are asking?