Post
Topic
Board Altcoin Discussion
Re: What Is The level of impact of FTX crash on Your portfolio?
by
swogerino
on 09/01/2023, 10:24:25 UTC
Every market situation always have a high impact on alternative cryptocurrencies more than Bitcoin, this is due to so many features that differentiate Bitcoin from altcoins.
Even though alternative cryptocurrencies are best for short-term speculation and not meant to be held for long due to their unstable market reactions.
So the question is.
1: What is the impact of FTX bankruptcy sega on your
    altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already,  but we can't be certain how long that recovery will last.

I was not impacted in the sense that I do not trade,I mine altcoins and the few I mine I choose altcoins who I think will not be for short term speculation but rather for long term profit.I explicitly mine ETHW,ETHF,RTM and ZIL as I believe these 4 to be some important ones for the next bull run.

Since I do not spend any money on these except electricity costs because my rigs have already paid themselves in 2021 I think the bankruptcy of a centralized exchange does not impact me that much except the price crash that it provoked soon after.