what is your lost from FTX collapse - page 6.

Tony116

legendary

Activity: 2072

Merit: 1023

★Bitvest.io★ Play Plinko or Invest!

Quote from: Jawhead999 on November 12, 2022, 03:31:12 AM

$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.

In this case, if to blame, we should blame ourselves, not them because we said we don't trust banks and we choose cryptocurrency to reduce risk because of centralization of banks. But in the end, we can't get out of that vicious circle just for the sake of profit. I believe that the people who leave money on it are day traders, for the sake of profit, forgetting that risk is also lurking for them.
There have been many lessons about exchanges collapsing but people will quickly forget and centralized exchanges will never be lost.

Slow death

legendary

Activity: 2968

Merit: 1095

Leading Crypto Sports Betting & Casino Platform

Quote from: udayantha11 on November 12, 2022, 12:11:32 AM

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"

this sentence: " Not your keys , Not your crypto " maybe applies to bitcoin and a few altcoins, because the altcoins that have owners and that are centralized, even when you buy and leave in the wallet you can wake up one day and see that in wallet has 0$ because the altcoin owner sold everything and figured and everyone panicked and sold and the price dropped to 0$. what we all have to do is be cautious, don't leave too much money on exchanges, leave only the amount to day trade

about what I lost, well I didn't have an account on that exchange but because the market went down I lost 20$ because I forgot to exchange btc to usd and save. well, the market is already bleeding and we don't even know how long this drop will last and many people are losing money, I can imagine the guys like president of El Salvador who bought a lot of bitcoin in the 40,000$ how he must be feeling right now, he must be angry

pawanjain

hero member

Activity: 2646

Merit: 713

Nothing lasts forever

Quote from: udayantha11 on November 12, 2022, 12:11:32 AM

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"

I didn't lose anything since I did not keep any of my coins on FTX but the loss occurred since there was a big dump because of FTX collapse.
Obviously we couldn't have predicted this dump but if we would have stayed up to date with the news revolving FTX and the dump made by CZ then we could have sold our coins at better prices.
We could have bought them back now at cheaper prices but yeah we still have the option to hold since we know the market would recover.

Maidak

legendary

Activity: 1876

Merit: 1058

The OGz Club

I am also lucky not to lose money with the FTX crash as I have never used or registered an account on FTX. 2 weeks ago I was reading news on Twitter and came across a very good analysis about FTT and soon I added FTT token to my watchlist and I plan to research on this token after some time to make investment decision. But everything happened so sudden and fast, after CZ started the fight with a tweet, I removed it from my watchlist. Once again, my condolences to those who lost their money in this incident, investing in cryptocurrencies is an extremely risky form of investment, invest with your money ready to lose.

abel1337

legendary

Activity: 2464

Merit: 1145

FOCUS

Nothing Nada Zero.

I don't have an FTX account and I don't own any FTT that's why I don't lost anything. Though it affects the market and of course me from the latest dump which FTX is one of the factors why we experienced this market dump right now. I didn't sell anything that's why I still considered myself having no loss at the moment. People started becoming aware on how dangerous storing their assets on a centralized exchange after this FTX incident. It's not bad to use a CEX we should just make sure not to store crypto there especially that things happens so fast.

sunsilk

hero member

Activity: 2884

Merit: 620

Quote from: udayantha11 on November 12, 2022, 12:11:32 AM

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"

I have an indirect loss and just like everyone who has a loss during this bear market and it's all due to this issue that has been made by the FTX loss.

Your loss isn't that much compared to the lost of many but, whether it's a small or big loss, they're still loss to each and everyone of us. We may have been indirect connection to FTX for those that don't have an account and deposit there.

But because the whole market suffers from it, we're all affected.

smyslov

sr. member

Activity: 2002

Merit: 269

Quote from: udayantha11 on November 12, 2022, 12:11:32 AM

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"

I never use FTX not that I did not trust it but Binance for me is the only exchange worth trading even though I read that there's no fee on FTX, your $120 is nothing to the owners who lose over $10 billion from the collapse of his exchange, the market is highly volatile and so are trading on exchanges, you really can't be sure.

hugeblack

legendary

Activity: 2464

Merit: 3548

Buy/Sell crypto at BestChange

Quote from: Jawhead999 on November 12, 2022, 03:31:12 AM

$0

I never leave any coins on the exchange, I always move my coins to my non custodial wallet.

The result is not to leave your coins on CEXs or not, but in the coins/tokens, which may be like platform tokens (like BNB, FTT), which will collapse if the platform collapses or decreases its value severely.

- The same is related to stablecoin that will be frozen in your wallet.
- It also applies to the central blockchain, which may be stopped, halted, or a hardfork.

So its bigger than non custodial wallets to the type of coins.

Golfler

newbie

Activity: 27

Merit: 0

My FTT, it's stuck. Although the exchange has no assets, it cannot recover the principal if it falls.

Jawhead999

legendary

Activity: 1624

Merit: 1143

$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.

udayantha11

member

Activity: 756

Merit: 17

2023 would most likely be as bearish as 2022

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"

Topic: what is your lost from FTX collapse - page 6. (Read 1041 times)