In less than 24 hours today FTT token has pump at about %51 from $1.22 to about $1.80 so I said let me bring this information to the forum if there is any possibility that this token Can still recover to it's all time high again. Because sometimes one can use such opportunity to achieve something.
Although we talk about bitcoin investment always but just decided to share with us
You can share your thoughts on this.
The increase at that time was closely related to news about the possibility that the FTX exchange would be restored or would operate again. But information about it is still limited and there is no certainty. so everything is just based on speculative. so it's still very risky. But if we are ready to take the risk then of course buying now could be an option. Because if FTX is really launched again, FTT will probably experience another high increase.
I feel sorry for those who FOMO, thinking what they read will happen. They should have learned their lessons by now. I hope so? With all the damage that FTX have delt, I don't think they can restore their reputation again. And how will they pay those who owe them money? They need to that first. In investing, there is always a risk. If one don't want to face it, then they shouldn't invest at the first place.
It does not mean though that we will now invest on projects like FTT, but we should only go for the best ones. If the same people behind FTX wants to try again, they better do that on a brand new project and for sure they will conceal their selves which will still make the investors doubt about them.