How to deal with the market after FTX incident?

People barely recovering from the Luna incident back in May this year, and weeks ago there’s another storm which giving us one more massive hit on our crypto portfolio, yes, I am talking about the FTX incident.

image source: my keplr wallet screen capture

This year is not a good year for the crypto for sure, we can’t tell how many people lost all of their money on the Luna and FTX storm, maybe it’s even worse than people gambling on the world cup matches…Thank God I am still here, and I felt lucky that I cash out 50% of my USDT to fiat back in middle September which helping me loss much less on the FTX incident.

image source: my keplr wallet screen capture

But of course, I am suffering some loss on my current portfolio either, the situation is better than Luna incident anyway…now I am not going to buy no matter how low is it, and I am not going to sell all of my token on hand even the markets are going to rebound

image source: https://www.adweek.com/brand-marketing/what-the-ftx-collapse-and-crypto-crash-mean-for-marketers/

I simply collect more and more token on Cosmos Defi and want to see am I going to make a significant profit in the next few months, meanwhile I am going to save up more USDT or USDC for just in case the market crash further then I can avoid further lost.

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