Quote from: albon on December 17, 2022, 10:03:11 PM

Quote from: Outhue on December 09, 2022, 12:39:39 PM

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,.......

Well, that's generalization. But I do agree feom staying away FOR NOW, from projects which are linked to FTX and Alameda but not because of the direct assumption that things would be the same, rather, the possibility that negative image will be reflected to the project, I think there's a huge difference. FTX issue is still on heat even after weeks of what happened and that might push away possible investors of a project (which could negatively affect its outcome). Quite unfortunate but that's just how demand works inside and outside this industry But be sure to gauge the possibilities. There are projects which are good that has slight linkage with recent negative issues. Keep in mind that projects has different teams and investors has really nothing to do or has no control of projects not under their name or management.