Summary of FTX Taught Me My Biggest Lesson In Crypto...

00:00:00 - 00:20:00

This YouTube video provides advice on how to trade during times of market volatility, including during a Black Swan event. The author discusses some of the reasons why FTX collapsed, and recommends having cash available in case of a market collapse.

• 00:00:00 The video-player provides ten lessons learned from the FTX collapse, which can help prevent future cryptocurrency disasters.
• 00:05:00 The author of the video offers advice on how to trade in a decentralized exchange in the event of a centralized exchange crash, emphasizing the importance of diversifying one's holdings.
• 00:10:00 This YouTube video provides tips for trading during times of volatility, including during a Black Swan event like the FTX event. The author recommends thinking deeply about the effect of a Black Swan on related tokens, as well as the ramifications of the event on the industry as a whole. The author also points out the importance of acting quickly during times of volatility.
• 00:15:00 The author discusses some of the reasons why FTX collapsed, including overconfidence in the project and aggressive marketing. He also recommends looking at proof of reserves and liabilities to evaluate a project. Finally, he stresses the importance of having cash available in case of a market collapse.
• 00:20:00 Foreign explains that he has a "rule" that he follows in order to make money in the cryptocurrency market- keep some cash on hand in case of drops. He also emphasizes the importance of learning from your mistakes, and reminds viewers to document their rules in order to succeed in the market.