Quote from: Jackl87 on November 10, 2022, 11:43:53 AM

Quote from: Famous Grouse on November 08, 2022, 08:45:22 PM

Today's move might take 1 month to achieve, but FUD makes it happen in a day

Binance and CZ really managed to bring down the whole crypto market with their antics. First they announce the sell-off of FTT token which they have a huge bag of. Of course this makes the whole market nervous if a multi-million Dollar sell off of one of the biggest crypto companies is announced. Then after that news brought down the price Binance announces that they want to acquire FTX. Now it seems like this would not happen because of legal issues.
So what we are now having is a huge dump in all crypto prices caused by a speculation of Binance that apparently did not even work out for them. Well done CZ and Binance. It will take a while to recover from that, even USDT is looking shaky at the moment.

That's why, imagine that from 26-28$ per one FTT, its value in the market fell in an instant to 2.8$, many people were happy and also many people were scared and nervous among its holders, and those who sold before we're happy it has fallen, and to investors who are willing to invest in it at the cheap price it is now. Although its volatility risk is high at the moment.

But as far as I can see, it will still recover little by little in the market because there are still many people buying FTT now while it is cheap and falling in price on Binance, even though I didn't have it in my plan but I also bought it somehow in thinking that there is still a good chance that it will recover even 50% of the market.