At some point of time I felt that probably we could use these blogging platforms as our sole earner but looking at the current market situation I am not sure if I still want to believe the same. The mess in the market is way beyond to consume and digest. Once more millions of people loose their money to one more Crypto scam and there is ripple effect in the market taking down every single possible stock. Just a few days ago we felt that the market was getting stable and look at where we are now, so much lower than anyone expected, and not only that so much panic, uncertainty and fear.

With this whole FTX incident the new people who have just started getting into the market will again take a step behind and god forbid if they have lost their funds they would never want to invest here. No one could have imagined that FTX would create a mess at such a big scale and wipe off everything. It was one of the biggest and a reputed player in the market. I was regularly monitoring my portfolio on FTX but have now got rid of the app. God knows what can happen as there has been a hacking of high level as well now.

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There are so many questions that I have in my mind. How long still for this and how low will it go still. The effect is still on, we are still feeling the tremors. When will there be a point when it stops falling down further. Will stability restore back and when? Bounce back is going to take a very long time from here, just coming to a point of stability would be a sort of satisfaction at this point of time. The bankruptcy and fraud of FTX has left everyone in a shock. Who can we trust here from now on. BTC has also not been able to hold onto this so where can the altcoins go. Some of them may get completely wiped off.

With back-to-back scams and frauds how long will the Crypto industry survive. Probably few ones like BTC and ETH may survive but the others, for them it is a big question. I do feel very insecure with the market right now though in the last few months I have withdrawn from most of these small coins and now only into a few major ones, but then with the current situation it is so unpredictable for every single coin.

For everyone these are times to be safe with your assets and not play around in any manner at this point of time. Till the market gets a little stable I would not even want to consider buying anything even if these prices look very low and luring. These are my personal sentiments and yes it may sound foolish to some and think that I am not taking advantage of the low market, but this is not the time I want to play even a little bit.

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