Quote from: OgNasty on May 31, 2023, 04:15:33 PM

Quote from: Edwardard on May 27, 2023, 06:36:51 AM

Quote from: lunnatic on May 27, 2023, 03:52:15 AM

it's a good thing if FTX is right to restart their Exchange,

It might be a good thing for you, but try to think logically, will the old ppl trust them again after such a big mess?

Quote from: lunnatic on May 27, 2023, 03:52:15 AM

yes this is still a long time ago and while FTT prices are still very cheap, I'm wondering if this is the right time to buy FTT?.

I won't recommend this at all. Once a scam is always a scam. Maybe someone who sleeps with money everyday on the bed might throw some bucks on this again.

The idea that this could be a good thing is insane. For people who have hope of recovering something from this scam maybe it makes sense, but for the overall crypto community it would be terrible. FTX taking user deposits that were meant to go into Bitcoin and direct them to shitcoins is the literal reason that Bitcoin didn't see a blowoff top around $200K in 2021. The market is still recovering and in my opinion wouldn't have fallen below $30K at all this cycle if it wasn't for the damage FTX caused. By no means can the market support them coming back and screwing Bitcoin again in 2025. We need a recovery to the original price pattern, which would send BTC north of $400K this cycle without more shenanigans by nefarious entities like FTX.

Did FTX situation make huge impact on Bitcoins price? As i remembered we are still playing around $21k on that point and this news explode out and make those price corrections or dips on 15-16k around that area
which i could say that it isnt really that something that significant. It is really just that this situation or scenario turns out to be that a common case that we could have on this space where hacks and possible fake bankruptcy or inside jobs or whatsoever could really be potentially be able to affect out. Nothing new and this is why its always been that recommended that people shouldnt really be storing up their
assets or coins on exchangers.

As for FTX to have that restart then just like the rest been saying that it would really be such a total failure. It cant really be getting the trust back on where they had been before.