A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Should have just question your friends about how they even invest on that in the first place? Based on friends recommendations?
Tell them it's not your responsible if they suffer losses from their own actions and tell them to invest on Bitcoin and Ethereum since they are newbies to learn more about crypto trading in general.
Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?
We don't know if the price is significantly affected since SBF is arrested. But just be careful with any changes happen in the market.