Post
Topic
Board Altcoin Discussion
Re: What Is The level of impact of FTX crash on Your portfolio?
by
Silberman
on 10/01/2023, 20:02:42 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.
The effect on my portfolio was minimal, since I am only holding bitcoin I was affected when its price was down but since I did not sold my coins then the current recovery has being enough to offset those losses, because if I remember correctly I think the price was a little bit higher when the whole FTX fiasco went public, still it is not difficult to imagine that many people have lost a significant amount of money, and it will be impossible for them to recover it for those which were invested in FTT.