You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S6W2- Centralized Cryptocurrency Exchange Platforms and Its Risks
Dear @ramsesuchiha,
Your post is full of many pretty good information and this is a result of your hard work in this task.
The bankruptcy of the FTX exchange has created a very hilarious situation among the investors as most of them lost their faith on the cryptocurrency itself.
When its investors began to withdraw massive amounts of cryptocurrencies, the Exchange had no other option but to declare bankruptcy.
That's true and that's exactly what happened with the FTX exchange. When the lost the trust of the investors, the price started moving down and this cause lost for them.
I wish many success for you in this week of the contest.
Yes, my friend, in the end, a great disaster in this world that we can take advantage of to buy at low prices, but we must look for capital to invest, in any case, confidence will take time to recover, thanks for reading
god bless you