HPKhan
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$FTM Coin Swap
I invested my FTM in a COIN-M long position and I'm currently facing a loss of more than 1,800 coins. I know that if I hold this position, it will eventually recover, but this recent announcement about the coin swap has left me in a difficult position. I can’t average down my position because all trades will automatically close on January 6th, which makes it even riskier. Does anyone have a solution for this situation?
Is this coin swap beneficial for investors?
A Broader Concern:
If an investor puts money into another coin (in USDT-M or COIN-M) and their balance becomes negative, then if that coin changes its name or swaps with another coin, will the investor lose money repeatedly?
Any insights or advice on how to navigate this scenario would be greatly appreciated.
I invested my FTM in a COIN-M long position and I'm currently facing a loss of more than 1,800 coins. I know that if I hold this position, it will eventually recover, but this recent announcement about the coin swap has left me in a difficult position. I can’t average down my position because all trades will automatically close on January 6th, which makes it even riskier. Does anyone have a solution for this situation?
Is this coin swap beneficial for investors?
A Broader Concern:
If an investor puts money into another coin (in USDT-M or COIN-M) and their balance becomes negative, then if that coin changes its name or swaps with another coin, will the investor lose money repeatedly?
Any insights or advice on how to navigate this scenario would be greatly appreciated.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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