Topic: what is your lost from FTX collapse - page 2. (Read 1041 times)
There's good news for FTX Japan customers, as withdrawals are going to begin in "short order." Formerly known as Liquid, the Japanese derivatives exchange was already heavily regulated by Japan's Financial Services Agency (FSA) when FTX acquired it in February. As a result, there was apparently no commingling of its funds with Bankman-Fried's trading firm Alameda Research. Source: https://coinmarketcap.com/alexandria/article/u-s-lawyers-onboard-ftx-japan-plans-to-restart-withdrawals
To be honest, I think I lost $4,000 - $5,000 on FTX Exchange.
The dumbest thing I did was when there was already a rumor about FTX, I still deposited $4,000+ to this exchange because I want to convert the crypto I sent to another chain like I used FTX Exchange as a bridge. And after that, my withdrawal started can't process.
The dumbest thing I did was when there was already a rumor about FTX, I still deposited $4,000+ to this exchange because I want to convert the crypto I sent to another chain like I used FTX Exchange as a bridge. And after that, my withdrawal started can't process.
as a result of the ftx collapse I suffered a loss of around 1000 dollars, and I didn't know at that time the ftx collapsed, and I suffered a loss of 50 percent of my assets. but I was lucky that at that time I was still able to sell my ftx token coin at a price that still didn't go down too much.
but now I just realized that investing in altcoins is very high risk, and indeed we have to be good at choosing quality altcoins. and I feel sorry for people who invest in ftx with large capital, of course they also experience bigger losses than me.
and with the collapse of ftx
Of course it will be a lesson for all of us so that when investing, don't choose the wrong crypto.
but now I just realized that investing in altcoins is very high risk, and indeed we have to be good at choosing quality altcoins. and I feel sorry for people who invest in ftx with large capital, of course they also experience bigger losses than me.
and with the collapse of ftx
Of course it will be a lesson for all of us so that when investing, don't choose the wrong crypto.
I lost 1000 Euro of my liquidity for two weeks.
Because in the beginning I was setting this amount on a buy order for 0,00(...)01 Euro. With LUNA I made this way ~8000 Euro, because if the most frauds with a bit of gravitation (big community, big amount of users) fall to the ground, they will bounce up for a while.
Because in the beginning I was setting this amount on a buy order for 0,00(...)01 Euro. With LUNA I made this way ~8000 Euro, because if the most frauds with a bit of gravitation (big community, big amount of users) fall to the ground, they will bounce up for a while.
from the beginning until now I really don't like saving funds in exchange wallets especially with large amounts of assets.
so that this FTX collapse I didn't feel any loss because I didn't really put my funds there.
I believe more in the cold wallet that I hold
so that this FTX collapse I didn't feel any loss because I didn't really put my funds there.
I believe more in the cold wallet that I hold
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?
my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
Loss of trust in centralized platforms 😅
I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.
Not just markets but news on what affect markets. Because even if you won't believe the rumors, others will, and with option to leverage trades it can get pretty bad pretty fast. With rumors you also need to take account the reputation of the person who starts them. Fud can be price control attempt from anonymous source, but when it comes from main figure in the scene. You have to take it seriously.Because, even if you cut your losses and sell -25% loss. You will only lose that 25%. If the rumours end up to be true, you will lose everything. So risks on the latter one are just too much.
I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.
Not just markets but news on what affect markets. Because even if you won't believe the rumors, others will, and with option to leverage trades it can get pretty bad pretty fast. With rumors you also need to take account the reputation of the person who starts them. Fud can be price control attempt from anonymous source, but when it comes from main figure in the scene. You have to take it seriously.Because, even if you cut your losses and sell -25% loss. You will only lose that 25%. If the rumours end up to be true, you will lose everything. So risks on the latter one are just too much.
Almost 78% of my invested money in FTX is gone. I faced huge losses for holding even after get the info earlier. If i could not stabilized the rest of the money, the money would have gone down even more. I am very disappointed with the market situation now. I had no idea how a project as big as FTX could end in the blink of an eye. However, there is still a negative impact on the market so everyone should invest with caution.
What happened with FTX is no different than what we see with the collapse of big banks, basically the owner of FTX without asking his clients or even other powerful people in the company decided to use the funds of their clients for some other business, he lost and tried to hide it until he could recover, CZ discovered and make it public which caused its collapse, as you can see the story is not complex, it is one of the most basic frauds you will ever see, it is just that it was done at a huge scale and this caused the market to crash. 
Almost 78% of my invested money in FTX is gone. I faced huge losses for holding even after get the info earlier. If i could not stabilized the rest of the money, the money would have gone down even more. I am very disappointed with the market situation now. I had no idea how a project as big as FTX could end in the blink of an eye. However, there is still a negative impact on the market so everyone should invest with caution.
I have never put any crypto in that exchange because I was focused on the old exchange but still have a reliable source that you can truly trust, and my list of exchanges was Poloniex, Binance, OKX, and KuCoin, was the 4 main exchange that I am using, well I am here to say my saddest sympathy to all those that have lost a great deal of money in the FTX, it was likely a rug pull but stating it as a rug pull is a strong word to use, and yes it is more of a bankrupt as the owner have said,
But the Conspiracy theory that Sam Bankman-Fried was only used in these circumstances, and FTX was only used by democrats for the money to use as political money, this is just a theory, but it surely builds in what really happened to FTX, and I really don't want for other established exchange to go on the same road as what Sam Bankman-Fried did,
If I were you, I would take this as an example on why you shouldn't do what you are doing. FTX could be the one that bankrupted this time around, but next time around it could be poloniex. I hope that it’s never binance because both I have some money in there but also because it is so huge in the crypto world that FTX bankrupcy would look like a child’s play compared to that.But the Conspiracy theory that Sam Bankman-Fried was only used in these circumstances, and FTX was only used by democrats for the money to use as political money, this is just a theory, but it surely builds in what really happened to FTX, and I really don't want for other established exchange to go on the same road as what Sam Bankman-Fried did,
I know that it is not going to be easy to handle all of this, but I feel like it’s not going to be just 10-20% drop, if binance goes then we are talking about 50% or more drop with it. However, poloniex, kucoin or okx could go, and it wouldn't be as hurtful as binance and we can still survive.
Although FTX is a newer exchange than the ones you mentioned, you need to know that its size is much larger and its influence on the market is also huge. Why is it considered a competitor of binance and not the rest?
Binance is huge and it must be said that it accounts for more than 50% of the trading volume in the market but that doesn't mean it can't crash. If poloniex can collapse then binance is no exception just the degree of impact on the market will be different. Everything is risky, even bitcoin is uncertain so don't trust binance too much. I also don't think binance will collapse anytime soon but still have to be careful and always be ready for the worst case scenario.
I was late selling FTX when the price was still expensive, which was above $ 20, at that time I was optimistic that FTX would recover because of Exchanges support that had a big reputation, unfortunately the price continued to fall and I lost and sold when the price of $ 5, and this was an important lesson that we had to Always observe developments in the market.
The issue is that you could keep watch over the market all the time and you could still lose a lot of money as this kind of crash happens at a speed which is almost out of this world, now it is true this would have reduced your losses but you would still have gotten some important losses anyway, so I think that besides keeping a closer look at our investments we also need to try to avoid centralized coins, because the moment the company behind it collapses the coin will collapse as well. 
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?
my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
Absolutely no stored balance.my one is 120$ and i got the a new message that "Not your keys , Not your crypto"
Our principle of trading is not keeping funds on exchanges and we are not trading on obscure stupid coins. Until now, our routine in conducting trades still continues like that.
We recommend enough with the FTX event, then don't keep any more funds or crypto assets on the exchange.
Invest in Bitcoin.
You are absolutely right; it is never safe keep our funds in centralized exchanges where they are always at risk because we don't have any control on wallets where they are stored so better to transfer them to decentralized exchange or personnel wallet. The lesson we learn from FTX collapse that "Not your keys, not your coins".
When one of the top 10 exchange like FTX can bankrupt then anything can happen to any exchange, no matter how big or small it is.
Can't trusted with top ten exchange market or not I think risk when saving fund of centralized exchange market based on many time hacked and closed decentralized exchange on every years. What happen with FTX give us more reason how not fully believing to save all fund there, many people loss their fund there until right now not have responsibility yet from FTX owner and team how to solve problem faced by their user.When one of the top 10 exchange like FTX can bankrupt then anything can happen to any exchange, no matter how big or small it is.
Better with holding assets or coins on personal wallet and have own controlling, after FTX which one next decentralized exchange will collapse and top ten exchange still not safe yet or FTX could be the last collapse exchange market.
I have never put any crypto in that exchange because I was focused on the old exchange but still have a reliable source that you can truly trust, and my list of exchanges was Poloniex, Binance, OKX, and KuCoin, was the 4 main exchange that I am using, well I am here to say my saddest sympathy to all those that have lost a great deal of money in the FTX, it was likely a rug pull but stating it as a rug pull is a strong word to use, and yes it is more of a bankrupt as the owner have said,
But the Conspiracy theory that Sam Bankman-Fried was only used in these circumstances, and FTX was only used by democrats for the money to use as political money, this is just a theory, but it surely builds in what really happened to FTX, and I really don't want for other established exchange to go on the same road as what Sam Bankman-Fried did,
If I were you, I would take this as an example on why you shouldn't do what you are doing. FTX could be the one that bankrupted this time around, but next time around it could be poloniex. I hope that it’s never binance because both I have some money in there but also because it is so huge in the crypto world that FTX bankrupcy would look like a child’s play compared to that.But the Conspiracy theory that Sam Bankman-Fried was only used in these circumstances, and FTX was only used by democrats for the money to use as political money, this is just a theory, but it surely builds in what really happened to FTX, and I really don't want for other established exchange to go on the same road as what Sam Bankman-Fried did,
I know that it is not going to be easy to handle all of this, but I feel like it’s not going to be just 10-20% drop, if binance goes then we are talking about 50% or more drop with it. However, poloniex, kucoin or okx could go, and it wouldn't be as hurtful as binance and we can still survive.
I had less crypto exposure before the collapse so minor unrealized losses due to the fact that it affected the market negatively. I also didn't buy any FTT and those tokens FTX and Alameda have previously invested. Many active traders were burned for sure. Even those who call themselves trading gurus.
Due to huge crypto exchange FTX brankcupcy . what is your lost amount?..
Each participant has suffered losses, which can be both direct, as in your case, and indirect. Thus, these indirect losses for the entire cryptocurrency market may exceed direct losses, and which are associated with the general dumping of all coins.
$0
I never leave any coins on the exchange, I always move my coins to my non custodial wallet. This is why never trust any centralized party, it's just a gimmick if they offer the exchange has high security and insurance funds. At the end, you can't trust anybody words when you get disappointed by their fault and you can only blame yourself since you're careless.
I never leave any coins on the exchange, I always move my coins to my non custodial wallet. This is why never trust any centralized party, it's just a gimmick if they offer the exchange has high security and insurance funds. At the end, you can't trust anybody words when you get disappointed by their fault and you can only blame yourself since you're careless.
You are absolutely right; it is never safe keep our funds in centralized exchanges where they are always at risk because we don't have any control on wallets where they are stored so better to transfer them to decentralized exchange or personnel wallet. The lesson we learn from FTX collapse that "Not your keys, not your coins".
When one of the top 10 exchange like FTX can bankrupt then anything can happen to any exchange, no matter how big or small it is.
Personally none i don't keep more than 10$ on any exchange and in case of FTX i am only holding token worth around 2$ but it not the lose the biggest lose i face that i am using FTX and for using the FTX platform we need to Complete Know Your Customer,{KYC}. so their will be high chances our Kyc detail is leaked with by the FTX bank man fried just scammed everyone but it is Crypto we can only blame I personally feel market will be in good condition if FTX doesn't collapse and CZ merge FTX with Binance although it was competition to became the NUMBER 1 and no doubt BINANCE just won these competition but everything seem Scary and we know the CZ can easily Manipulate the market it is really easy for him
~
I have some on Binance as well, but as I have said, I decided to move it out like 2 days ago, the money is not that big though, but it's better that way than to regret later as we don't know the status of any exchange right now. They might be running on fractional reserves, or they don't have the money to back up all the tradings.
CZ though sent an email assuring that Binance has the capital and they are secure, but as we have said, not your keys, not your coins.
If Binance is struggling, would CZ be kind enough to convey that to the investors, hell no and we have seen in the past several years how exchanges would go bankrupt left and right and then run away with the user funds and then take years to get a portion of the funds if it goes the legal route and hence it is better not to take any chance and never store any coins in any exchange. I have some on Binance as well, but as I have said, I decided to move it out like 2 days ago, the money is not that big though, but it's better that way than to regret later as we don't know the status of any exchange right now. They might be running on fractional reserves, or they don't have the money to back up all the tradings.
CZ though sent an email assuring that Binance has the capital and they are secure, but as we have said, not your keys, not your coins.
Jump to: