Quote from: Little_Sister on April 30, 2023, 11:38:00 PM

Quote from: |MINER| on April 30, 2023, 07:29:00 PM

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration and it also used by short-term traders. And for the long term trading we should think about those season and halving.

Even though the market can recover quickly from the effects of ftx and luna, investors' losses cannot be recovered even though they have switched to investing in bitcoin, so the bad effects of ftx and luna must be a lesson so that high losses do not occur again from altcoin investment choices, we must avoid investing risky altcoins and must determine the safest investment options so as not to get involved in scam altcoin investments

the thing with these two scams is that, before their collapse they were considered among the most legit platform ever, luna was known to be massive back then even overtaking ethereum position and their stablecoin was also quite famous too that makes many trust them. same thing with ftx that become giant company in the field of exchange and also massive investment company that invest in various project with massive amounts of money. but as it turns out they are both scam project managed by incompetent people. no one saw it coming that's why many are losing money, best lesson learned from this, always diversify.