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?
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?
As many people suggest selling everything is the best solution. Even though you have to accept a few percent loss, it's much better than being shocked by an unexpected crash. Alameda has been under scrutiny however the assets he invests in crypto are becoming a threat. Avoid branches related to Alameda, because the cases they face have an impact on the assets they invest. Added to the market conditions that are heading for a bear market, automatic altcoins will only find it difficult to secure their value, we don't even know for sure that they will return to provide a significant increase. Better to accumulate it to Bitcoin.