Quote:
Originally Posted by x622
Quote:
Originally Posted by iminhell1
Just playing to the thread title,
I put very little money ($60 total) in at the end of 2017. I lost the login info. I had to jump through hoops I did not agree with to get back in. I avoided everything until I got an email that the account would be permanently closed. So I had to do the stupid hoops.
My conclusion is this. Crypto is not an investment. It is something that needs to be traded just like stock for it to make money, or multiply ... not sure what the correct terms is for ultimately fake things. Investing is something that is passive on your end. Trading is active on your end.
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I always like to hear the perspective of the retail customers, the outsiders, or people with interest. One of the common things they all share is they always leave their money on exchanges instead of transferring it to a hard/soft wallet. Not quite sure why. We have in a saying in the space, which is "not your keys, not your wallet".
I encourage you to trade it if you can, preferably on a decentralized exchange. These CEX's are nothing more than onramps or offramps. As for the time to buy, I don't think we've seen full capitulation yet. |
Agree!
Even if the whole market seems fu**ed bc of FTX and it's domino effect, for me it's THE time to stack up. Shit has to be washed out. Regulation on Central Exchanges (CEX) are needed, to protect us dumb „traders".
I use CEXs solely as on/offramps and move the coins immediately to hardware wallets.
Hey, banks are like CEX. They are not save at all. Ever checked, how much of your funds in your bank accounts are insured? I'm at risk here too. In most swiss banks, there are only 100k insured. So I need to take action here.
Again, not financial advice.