create account

What Do You Learn From FTX and LUNA Collapse? by rezoanulvibes

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @rezoanulvibes ·
$6.64
What Do You Learn From FTX and LUNA Collapse?
Knowing what you are doing is one of the most important things when you take any financial decision. What you don't understand, it is better not to put your money there, no matter how lucrative that looks. In this bear market, we saw a dramatic collapse of FTX and LUNA, and they went out of the picture.

So what do you learn from FTX and LUNA collapse?

![What Do You Learn From FTX and LUNA Collapse.jpg](https://images.hive.blog/DQmVcfY1NQDWcpAhKJPVT9KURYQsChByaUjQGZ2XFWLWFHJ/What%20Do%20You%20Learn%20From%20FTX%20and%20LUNA%20Collapse.jpg)

LUNA was one of the top ten cryptos back then. Many people invested their hard-earned money in LUNA and UST. But it ended up pretty bad. When you see any cryptocurrency in one of the top positions, it does not mean investing in that crypto is safe. A lot of cryptocurrencies that you saw in the top line disappear from their position over time.

DCA is a good strategy that you can follow to make an investment. You select an asset and keep buying over a period of time. You don't pay attention to the price, you think about the long-term potential and usually hold your asset for the long term. Dollar Cost Averaging (DCA) is not some sort of magic that will save you from losing money in crypto.

If you decided to do DCA in LUNA and kept buying while LUNA's price was crashing, you can realize how much money you would lose. DCA is definitely a good strategy, but what asset you choose to buy is one of the most important things. If you don't pay attention to this, you may get rekt at any time.

Have you ever thought FTX would end up like this? FTX appeared to be the strong and most trusted crypto exchange. . Crypto influencers, news media, and investors talk about FTX and you think FTX must be good.

![Don't believe everything that you hear in crypto.jpg](https://images.hive.blog/DQmSzCdj7EnsLRn4s1tssnkRHnrdRom8jLuR4mvVU8fDm4i/Don't%20believe%20everything%20that%20you%20hear%20in%20crypto.jpg)

FTX created that image with money and connections. Investor Kevin Oโ€™Leary showed his confidence that how much you can trust FTX, but many people did not know that Kevin Oโ€™Leary was paid $15 million in total for doing what he was doing. So you cannot expect anything negative about FTX from promoters.

So how much did crypto influencers and news media sites receive from FTX? That's a huge amount. Well, you cannot overlook the donation that SBF makes to the political party. FTX was good at creating a good image in crypto. You cannot believe everything you hear in crypto. It is true that you are dealing with high risk when you get involved in crypto.

If you see any rumors about a crypto exchange, it is better to transfer your fund from that exchange as soon as you can. You cannot ignore that putting a level of FUD. The thing is, anything can happen when you keep cryptocurrency in crypto exchanges. Maybe you are trading cryptocurrency, so you have some crypto in exchanges.

You should be always careful because you don't hold private keys while having crypto in any centralized crypto exchange or crypto platform. People who did not have crypto in FTX or withdraw quickly before the collapse of FTX are safe. Every time that reminds you in crypto is, not your keys, not your crypto.

So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

Image Sources: [1](https://pixabay.com/photos/crypto-bitcoin-blockchain-6699526/), and [2](https://pixabay.com/photos/cryptocurrency-bitcoin-finance-3435862/).
References: [1](https://cryptopotato.com/heres-how-much-kevin-oleary-got-paid-to-promote-ftx/).

_____________________
_____________________
##### About Me
<center>
![Rezoanul Vibes logo.png](https://files.peakd.com/file/peakd-hive/rezoanulvibes/N4VCBwJJ-Rezoanul20Vibes20logo.png)
</center>

*Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about finance, cryptocurrency, and lifestyle. I'm glad to meet amazing people all over the world.*

**Follow me on** [Twitter](https://twitter.com/RezoanulVibes)
**Watch my videos:** [3Speak](https://3speak.tv/user/rezoanulvibes), [DTube](https://d.tube/#!/c/rezoanulvibes), and [YouTube](https://www.youtube.com/channel/UC3rt8u0OvjRpoxkvsJHn_dg).
________________________



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rezoanulvibes/what-do-you-learn-from-ftx-and-luna-collapse)
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 116 others
๐Ÿ‘Ž  
properties (23)
authorrezoanulvibes
permlinkwhat-do-you-learn-from-ftx-and-luna-collapse
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["crypto","money","ctp","neoxian","proofofbrain","hive-engine","vyb","investment","leofinance"],"canonical_url":"https://leofinance.io/@rezoanulvibes/what-do-you-learn-from-ftx-and-luna-collapse","links":["https://pixabay.com/photos/crypto-bitcoin-blockchain-6699526/","https://pixabay.com/photos/cryptocurrency-bitcoin-finance-3435862/","https://cryptopotato.com/heres-how-much-kevin-oleary-got-paid-to-promote-ftx/","https://twitter.com/RezoanulVibes","https://3speak.tv/user/rezoanulvibes","https://d.tube/#!/c/rezoanulvibes","https://www.youtube.com/channel/UC3rt8u0OvjRpoxkvsJHn_dg"],"image":["https://images.hive.blog/DQmVcfY1NQDWcpAhKJPVT9KURYQsChByaUjQGZ2XFWLWFHJ/What%20Do%20You%20Learn%20From%20FTX%20and%20LUNA%20Collapse.jpg","https://images.hive.blog/DQmSzCdj7EnsLRn4s1tssnkRHnrdRom8jLuR4mvVU8fDm4i/Don't%20believe%20everything%20that%20you%20hear%20in%20crypto.jpg","https://files.peakd.com/file/peakd-hive/rezoanulvibes/N4VCBwJJ-Rezoanul20Vibes20logo.png"]}
created2022-12-11 01:32:21
last_update2022-12-11 01:32:21
depth0
children7
last_payout2022-12-18 01:32:21
cashout_time1969-12-31 23:59:59
total_payout_value3.334 HBD
curator_payout_value3.306 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,432
author_reputation534,462,861,980,061
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,017,638
net_rshares14,668,774,875,547
author_curate_reward""
vote details (181)
@chekohler ·
$0.03
I learned that no one will listen with their ears when they have greed in their eyes I called out both these ponies long ago you can check the time stamp on my blog no one cared

Now I am just here to watch the pain lol
๐Ÿ‘  
properties (23)
authorchekohler
permlinkre-rezoanulvibes-rmqun0
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.11.2"}
created2022-12-11 20:37:51
last_update2022-12-11 20:37:51
depth1
children1
last_payout2022-12-18 20:37:51
cashout_time1969-12-31 23:59:59
total_payout_value0.012 HBD
curator_payout_value0.013 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length219
author_reputation524,332,427,393,665
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,038,199
net_rshares67,775,978,619
author_curate_reward""
vote details (1)
@rezoanulvibes ·
RE: RE: What Do You Learn From FTX and LUNA Collapse?
Most people praised FTX and LUNA back then. Few people were concerned about their moves. 

You went hard on calling out LUNA and different projects.
> Now I am just here to watch the pain lol

I think that comes from a place of love. You speak out and warn others so that they can see and don't fall into a trap. Thank you :)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rezoanulvibes/re-chekohler-42gd7v)
properties (22)
authorrezoanulvibes
permlinkre-chekohler-42gd7v
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@rezoanulvibes/re-chekohler-42gd7v"}
created2022-12-12 07:54:12
last_update2022-12-12 07:54:12
depth2
children0
last_payout2022-12-19 07:54:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length426
author_reputation534,462,861,980,061
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,048,953
net_rshares0
@jfang003 ·
$0.03
RE: What Do You Learn From FTX and LUNA Collapse?
I think it's better to reduce your risk on any platform and diversify out. Choosing solid projects and keeping a good hand over your crypto will also be important. I think there were just way too many people who thought FTX was fine despite all the money they were shilling out due to all the big names jumping in.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-rezoanulvibes-pgmd3)
๐Ÿ‘  
properties (23)
authorjfang003
permlinkre-rezoanulvibes-pgmd3
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@jfang003/re-rezoanulvibes-pgmd3"}
created2022-12-11 07:38:48
last_update2022-12-11 07:38:48
depth1
children1
last_payout2022-12-18 07:38:48
cashout_time1969-12-31 23:59:59
total_payout_value0.014 HBD
curator_payout_value0.014 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length413
author_reputation636,214,778,899,878
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,022,440
net_rshares66,697,457,662
author_curate_reward""
vote details (1)
@rezoanulvibes ·
RE: RE: What Do You Learn From FTX and LUNA Collapse?
FTX made promotions like crazy and did extreme stuff. That's why we saw positive signs everywhere. News media The Block CEO Michael McCaffrey was forced to resign after being caught taking a total of $43 million loan from Alameda Research.

I agree with you, @jfang003. You have to manage your risk, otherwise, it is tough to survive in crypto.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rezoanulvibes/re-jfang003-79xh8b)
properties (22)
authorrezoanulvibes
permlinkre-jfang003-79xh8b
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@rezoanulvibes/re-jfang003-79xh8b"}
created2022-12-12 08:04:39
last_update2022-12-12 08:04:39
depth2
children0
last_payout2022-12-19 08:04:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length444
author_reputation534,462,861,980,061
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,049,128
net_rshares0
@poshtoken · 
https://twitter.com/925678630436401152/status/1603754250365915136
<sub> The rewards earned on this comment will go directly to the people( @rezoanulvibes ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
properties (22)
authorposhtoken
permlinkre-rezoanulvibes-what-do-you-learn-from-ftx-and-luna-collapse-1973
categoryhive-167922
json_metadata"{"app":"Poshtoken 0.0.1","payoutToUser":["rezoanulvibes"]}"
created2022-12-16 14:12:48
last_update2022-12-16 14:12:48
depth1
children0
last_payout2022-12-23 14:12:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length271
author_reputation5,294,100,777,949,529
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries
0.
accountreward.app
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id119,159,306
net_rshares0
@yaroschain ·
$0.03
For reasons like those stated in your post, which I think are right, is that once we think about investing, it is better to analyze the value of a blockchain project, what is behind it. Guided by advertising or media and networks, it is never safe. It is always necessary to investigate in depth.
๐Ÿ‘  
properties (23)
authoryaroschain
permlinkre-rezoanulvibes-rmpejv
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.11.2"}
created2022-12-11 01:52:45
last_update2022-12-11 01:52:45
depth1
children1
last_payout2022-12-18 01:52:45
cashout_time1969-12-31 23:59:59
total_payout_value0.014 HBD
curator_payout_value0.015 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length296
author_reputation13,655,636,608,183
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,017,927
net_rshares67,234,315,348
author_curate_reward""
vote details (1)
@rezoanulvibes ·
RE: RE: What Do You Learn From FTX and LUNA Collapse?
Yes, doing your own research and analysis can save you. You should ask questions and never take action without due diligence.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rezoanulvibes/re-yaroschain-hnqs1)
properties (22)
authorrezoanulvibes
permlinkre-yaroschain-hnqs1
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["leofinance"],"canonical_url":"https://leofinance.io/@rezoanulvibes/re-yaroschain-hnqs1"}
created2022-12-12 08:08:09
last_update2022-12-12 08:08:09
depth2
children0
last_payout2022-12-19 08:08:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length226
author_reputation534,462,861,980,061
root_title"What Do You Learn From FTX and LUNA Collapse?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id119,049,182
net_rshares0
Help/Feedback