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?
I will do in the case of this person that I will immediately exchange and replace my bag of these coins for other coins because their two projects will follow FTX of bankruptcy, it would be wise not to keep them in even for one day in my bag, It is good that you were aware that these coins were Alameda and FTX involved in them so you tell him to stay away from them unless he wants to lose his funds and risk it, There are a lot of good altcoins in the market that we can invest now at prices that are not expensive and that do not carry the risk of collapse like the FTT coin, so we all have to review the partnerships for the altcoins that we will invest and know everything about altcoins and if we find something that will affect the future on our investment and lead to The loss of our capital, we must leave it and move away from it immediately.