Bitcoin Forum

Hi Everyone,

We need to start telling everyone across the crypto community to take their whole balance of crypto from the exchanges to their OWN WALLET .

That is the ONLY way to stop manipulation. Furthermore, it will create a huge shortage of coins on every single exchange and end up in a gigantic bull run


REMEMBER. Not your keys. Not your Bitcoins

thank you that's a good advice everyone always should remember to withdraw all you're money from EXCHANGES because we don't know what will happen tomorrow if this EXCHANGES get hacked.

Depends on an exchange and if you are trading with the altcoins then your wallet can’t afford to hold some of it and you will be force to left that on your exchange wallet. Use the best and top exchange at least you can have the guarantee to be more secure but if you are not active then you just want to hold bitcoin or eth, then its really advisable to transfer it on your own wallet. Its ok to put money on exchanges as a trader, but don’t hold too much on your exchange wallet.

A good advice, and we've been getting the word out tk everyone for years now. Leaving coins on your accounts in exchanges isn't doing you any good, apart from the convenience it gives you when you're trading. If that cannot be prevented, just leave a couple dollars at most so as not to lose a hefty sum of money should the exchange get hacked.

And no, leaving no money in exchanges does not result into a bull run. Manipulation happens even if there is a shortage of coins in circulation, and trust me, a lot of people are adept into doing this, especially those long enough in the scene. Trading volume does not equate to the total coins currently present in an exchange; it's just a metric to measure how much was traded within a given period in time.

Sadly not everybody has every blockchain downloaded on their devices for each coin they hold. Many people find it easier to hold coins on exchanges for the sake of avoiding downloading whole blockchains for tiny amounts of crypto.

I doubt this would trigger a bull run.
Probably many exchanges would broke and we could see a giant crash   if everyone just withdrawal al your coins lol

Anyway,  everyone really should withdrawal yo8r coins. But due to security reasons,  not to trigger a bull run.

This is where you are wrong. You are never forced to leave your coins on an exchange. I don't see any reason your wallets not being able to "afford" to hold some of your altcoins (I am assuming you are talking about multi currency wallets which itself aren't safe at all. Most of those multi currency wallet are online wallets which you should never be using!). You can always download the official wallet for that coin and store it over there.
Even "best" exchanges can't guarantee you 100% security! All exchanges are vulnerable to hacks.

Hi, we've been telling this for a long time but it's sad to say that many don't want to listen to this advice.

Their justification is that it's easier to trade if the funds are there and if they want to save their wealth from dumping. They don't know that saving it through that will even cost them more if the exchange gets hacked.

I agree to most part, but not the bull run. As long as we rely on fiat like USD for valuation of BTC, we couldn't get rid the use of exchanges. The overall average price of BTC is derived from the price on each exchange, which is also driven by buy/sell orders.

Though I must agree that it isn't really your Bitcoins, since they haven't used the original core protocols to speed up orders, but also centralizes their system. If most people would get out of exchanges, it might trigger a crash to the price, and trading would be difficult (P2P direct trading), and the valuation would be vague.

This advise has been told here many times but here's why some people keep there funds there:
- To avoid paying withdrawal fee twice
Imagine paying for withdrawal for sending tokens to your personal wallet and having to pay again when you trade it to another coin or fiat.

- Active trader
Active traders tends to keep their funds on exchanges for urgent reason. Some use bot to do their trading and it requires them to leave funds there almost permanently.

The thing here is that most people are always slightly lucky during exchange hacks because it won't be funny when your little fund gets stucked the moment you're just trying to sell off.

Should we do it for the whole balance in the exchange for that reason? Is the reason the only one thing that causes the manipulation of the market? I don't think so. We will also say that not all exchanges will do market manipulation. That is why we should be more careful when choosing the exchanges. However, if the coins or tokens are only available on a certain exchange, we must be smart in analyzing whether there is any manipulation or not. We can look at the chart and also the movement or progress of the buy/sell chart on the exchange to determine the manipulation. We should also know the basic feature of the exchange. And if we are a trader, why should we take the whole balances?

There is much reason why traders keep their wallets to exchange, and traders don't have a choice if they are an active trader that trades every day. They won't spend some withdrawal fee every day for the sake of manipulation.

I also think that it won't cause a gigantic bull run.

Every exchange has a promise to run their own business, One of the promises is the trust they give us traders to hold our bitcoin securely so we can use their services, One's you found a exchange that let you have a good experience with, The basic thing you will feel is when you use their exchange with a feeling of security and no anomaly behind your back.

Does shortage of token or coins on exchanges have any effect in the market manipulation? I will say NO. Beside, not all hardware wallets supported all types of token and how many software will someone download to cope with having all coins off exchanges. It doesn't what the effort. The good advice could have been to convert them to the top coins like BTC and ETH and keep them off exchanges.

I think that every Bitcoin user with decent experience knows so far that keeping coins on exchange isn't smartest thing to do.
Exchanges are not meant to wallets. They are often very vulnerable, with not enough security and client policy in case of cyber attacks and coin.or data theft.
Keep just the amount of coins that you want to trade and don't use only one exchange, that is my security advice. But I guess I'm not telling anything new.
Also, if exchange lose the money because of any reason like attack or misuse the whole burden is on user and you oftten don't have enough legal protection so try to diminsh that risk.

Very true! Everyone should have their precautionary measures when it comes to their portfolio, whether it is BNB or unknown exhchange. We don't know when will they next hacking attack will be and what exchange. Better store your coins in your own wallet and if you are a trader, transfer your money as soon as you finished your dealings. Better be safe than sorry.

It is a piece of good advice and it does really helps but, it also depends upon the exchange that you are using to trade your coins or tokens.

Apart from trading nowadays big exchange provides lending and staking services, investors are using those platforms to generate passive income.

There are not many multi-cryptocurrency wallets available in the market that provide staking services.

I agree that "not your keys, not your coins" philosophy and it's not safe to leave your coins in an exchange. But to say that it will create a bull run? Nah, I don't think so.

Actually we have a practice, what we call "Proof of Keys", it is celebrated every year, January 3rd if I'm not mistaken. So far we haven't seen this so called bull run, and it turn this so called event became like a witch hunt, like this one: https://twitter.com/Raindropactual/status/1205162036252094470, just saying.

True. Not to mention online wallets, especially exchange are susceptible to attacks. Imagine how much money has been lost since crypto started for people storing their money in exchange. I do understand that it is convenient if you are trading on a regular basis. However, it is not an ideal practice.

Crypto should only really sit on exchanges when you want to trade, that is it. In other circumstances they should be on your own wallet but as mentioned in my previous post it might be almost impossible for an average user to download hundreds of GB upon GB of several almost obscure blockchains on a desktop or laptop when holding almost useless crypto. In those cases an alternative is always searched for and a multi-coin holding wallet is usually what is used, if not an exchange.

Our number one local crypto exchange is the top and trusted crypto exchange in our Country. since I used it about 5 years ago, I never encounter some errors nor disappointments from their support team. I think it only depends on what exchanges are you talking about like those who are only emerged from nowhere. of course, no one would put their coins for too long on some new exchanges let alone making it as an alternative wallet. We only need to choose the trusted exchange and of course, if it is a big amount of crypto, we prefer a hard wallet for our own safety.

you are forgetting that there are people who do day trade. I do day trade and it would be very difficult every day to withdraw my coins from the exchange and then deposit again on the exchange. a concrete example:

Yesterday the price drops to $9670, if I had not left my coins on the exchange I would have to rush to send my coins from the wallet to exchange and it would take time and I would not arrive in time to buy bitcoin for the price of $9670

Not to mention that the withdrawal fees are 50,000 satoshi, imagine if I kept withdrawing every day how much fee would I pay in 30 days?

We must demand that exchanges provide good service, that is what we have to do

You are right but other than recommendation of demanding exchanges provide a good service, what other options would be ideal? If not keeping crypto on exchanges and if not synchronising hundreds of GB of blockchain on your desktop for each coin you own - then what is the alternative. As you said it costs fees to move crypto to and from exchanges (or anywhere else) and prices fluctuate all the time so how else can users trade without fearing another cryptsy or cryptopia?

I think it would be very suitable for holders, traders seem to always put all their assets on the exchange,so that is not possible
,want safest should only put assets on top exchanges like binance they have compensation fund if the assets are to hack, Just don't put your property on less popular exchanges and there is no policy to support users if their assets are hacked

I don't think it will trigger a bull run or make something differences in the market but I agree that we all should pull out our coins from exchanges not just because it is never been good storage but to reduce the risk exposure of our crypto as well.
But I think if you are a person who used to daily trade, keeping your crypto in exchanges for a while isn't bad either the fact that it would be costly if you take it out and save it in your pocket all the time.

Although it’s not convenient if you trade every day, in any case it’s still good advice to protect the assets.

I wouldn't suggest letting it depend on which exchange you're using--the best policy is to not trust any of them for long-term storage of coins.  I get anxious if I leave coins on an exchange even overnight, and I use Kucoin primarily and they're pretty trusted.  I'm also not sure what you mean about not being able to afford keeping altcoins in your own wallet--I'd ask you to clarify that, but I don't suspect you'll even see my post. 

There are wallets for pretty much every altcoin (unless you're trading on Yobit, where some of their offerings don't even exist outside of Yobit), so you shouldn't have problems withdrawing them to your own wallet. 

We've seen so many hacks and scams with exchanges for years that I'm surprised every time I hear people are still getting their coins stolen from exchanges.  One of the first things I learned when I got into crypto was to avoid keeping coins on exchanges, and I agree with OP that it's worth repeating for newbies who might not understand the importance of that advice.

This is the same thing saying as stop trading.  If we take all of our coins out of the exchanges then how can we trade?  Or sell our coins?  You could be more specific and say take our idle cryptocurrency out of the exchange.

Or are you suggesting us to use decentralized exchange instead? It would be great using Decentralized exchange but are we sure it is really decentralized?  Aside from that, Decentralized exchange trade pairs are limited, oftentimes to its main blockchain's token.

So, if all of us removed our cryptocurrency out of the exchange, trading would stop definitely, and the market will instantly die.  I guess it (withdrawing whole balance, not just the idle one) is not a good idea at all.

Basically if you are trading in a regular basis, you could observe your funds whether it is still good and in your account. Rather than making your cryptocurrencies be hodled by exchanges which is at risk since you're not observing it except, if you will visit your account in a regular basis.

- Going back to the topic, the market price is determined by the exchange rate by various exchanges, I highly doubt bitcoin could still be the same value if we are to take it out from the exchanges. But who knows? it will still be on our personal wallets.

Much as I know this, I usually try my possible best to avoid keeping my coins into an exchange that's not trusted among member community. Infact, many times I deposit and after trade I move my coins back to my wallet because, am not the coins owner while they stay on untrusted exchange. This sounds like a warning and should be taking serious to avoid what happened last few years back.

It will really depend, I also use exchange quite long and just leave my money their since 2017 and no problem en occurs. We just need to monitor it once awhile to check updates. Better not trust those just new exchanges too much even the existing one's as scammers may attack them,keep updated and still as much as possible don't put all investment still on one wallet.

This was part of my ignorance long time ago in Binance.
Even if it is a reputated exchange, I don't think that just by saying that it has reputation and good devs would tell me the maximum security I have for my money there.
Everything in the internet isn't safe, because it is pretty much handled by someone.
Crypto-exchange, like I mentioned, is just a subset underneath the internet.

Everything's good until...

I am reminded of all those people on twitter, telegram, discord, facebook, slack and other social media platforms where crypto has a good presence who kept on shouting HODL!!! to their followers or groups so they can dump their coins and tokens first at a higher price. I see the same thing happening here if you will follow the OP's suggestion  :D

True but remember also not to believe everything you read on the internet.

It doesn't help cause a bull run if you take your coins off an exchange. The total volume of coins in the exchange wallet has no bearing on the trade activity on the market.

Could you elaborate on how you think otherwise?

Who needs to leave money in the exchanges, willing to risk losing it all overnight? It is the traders. The holders are already doing what you say, your message has existed for as long as Bitcoin has had exchanges and online wallets, it is the reason behind that 3rd of January ritual.

Some people live from trading, therefore what you suggest will never occur. I'm sure some exchanges are counting on that, and covertly doing fractional reserve practices. Those will have higher profits than the others, perhaps biasing the market in their favor. It is a recreation of the banking history two centuries ago.

The best we can do is keep warning people that if the coins are not in their own wallet, they can lose them. It technically means the private key, but common people simply won't get that part (wallets are just collection of keys).

As for scarcity, you have to re learn the law of supply and demand. Deviate too much from what the market perceives as fair, and its own self regulating mechanism kick. If price climbs too fast, many will want to sell to join the action, then wait for the correction to buy again. Yes, traders.

So your message amounts to telling traders not to trade. It isn't happening.

In our case, we have no choice. We don't have that much crypto currencies as you are so instead of having our own wallet that can be depleted just by transacting a small amount, we just store it to an exchange that will make it easier. I don't have a problem with it since there will be some emergency and I would be able to use it. Another thing is that I have no other choice since there is no other stores that accepts bitcoin directly but through that exchange.

I think experienced people should keep their coins on private wallets, not on exchanges. They may put some coins on exchanges but only for trading, so it is not a significant amount. This advice is likely more directed to beginners. As it is beginners, I assume they have not assets as many as the experienced investors/traders have. So, I doubt a bit about the effectiveness of this idea to affect bullrun.

yes after hacking and closing many exchange you should already know how to secure your money. Use only exchange if you want to trade your balance to other currency or fiat then after the trade move it to secure wallet that you own.
Always avoid storinh your money in exchange even in reputable exchange no one know what will happen to your money once exchange hacked.

Even all the small investors will decide to do what you like to happen, we are still very far from the holdings of big whales so your plan is very useless especially if the total holdings of small investors will not at least reach about 4-10% of the total holdings of the big whales.

If you are afraid about manipulation then you will not last long in crypto world because right now manipulation of big whales are part of how the market works. If you want to profit in crypto world, you should know how to ride the flow of the market so you don't need to worry about something like withdrawing all your funds in the exchange and letting others to do the same just to stop the manipulation of the market.

Unfortunately i can't withdraw my funds on the exchange that i used because there's a withdrawal limit. So my crypto is just there stuck.
It's really rarely to see that such trading exchanges has withdrawal limits.

I agree with the OP, this is one of the examples that if you deposit your money to exchanges then your money is monetized by them and possibly restricting you access of it.

Everyone knows this and most of us don't keep our coins in the exchanges. I learnt my lesson in a hard way, after I lost coins that I had stored in Mt Gox in 2014. But it is not always practical. For example, sometimes exchange wallets are the only viable option available for storing some of the altcoins. It is not practical to install desktop wallets all the time, and as a result we are forced to store at least a part of our coins in exchange wallets. Even recently I had lost my coins in exchange wallets, when exchanges such as Wex.nz and Cryptopia closed down.

Not going to happen for everyone. Trading will always be a thing even in the cryptocurrency world and exchanges is the only thing that will help gate that way. Even if the risk is there, traders have no choice since it's the fastest and the most profitable. Although it's the best advise for a holder like me, it's still not applicable to day-to-day traders, and there's a lot of them in fact.

Depending on how well you are up in your security for most people I think its safer for them to just keep their crypto in a reputable exchange like Coinbase or Gemini. Many people use OS like Windows 10 and they browse shady websites and download questionable software and keep their BTC in their wallet without a password even.

In those situations they are better off just keeping it on the exchange. The exchange has great security and as long as you use a unique password and use 2FA then it would be very difficult to get your crypto stolen. Sure not your keys not your coin but many newbies have no idea what cold storage or what a hardware wallet it, so they are better off just trusting the exchange with their crypto.

That's the caveat. Some wallets require you to download their blockchain and sync them, wasting precious time and space.

Yes I completely understand where it's coming from but you know sometimes the money in the exchanges comes in handy , you know when you have to buy something or are out of cash and you can just encash some there right at the moment .
Not whole amount should be in the exchanges but you know maybe 1-5% of your total holdings can give you a great backup .
Ofc exchanges manipulate the market and also they are not at all safe , so ofc one shouldn't keep their whole crypto money on the exchanges it's not worth it.

This is about taking precautions about our funds and be careful, having our funds in our personal wallet is much safer than having them on exchange, but sure those who engage in trading can not always have their funds in and out of the exchange,
Sincs am not a trader, my funds are always in my personal wallet all the time except i feel the need to have them,
Future uncertainties is the main reason why it's not safe to hold funds in exchange, too many hacks have been going on in exchanges lately that gives cause for concern.

I also think that we should be the one that should take care of our own money,
We should be responsible for what ever we do with our money and besides what's the use of our own wallet if we wouldn't use it?
We don't know what could happen in every exchange just imagine the best exchange binance got hacked then it could also happen to the other sites as well, Luckily Binance cover everything by their SAFU.

Some think that decentralized exchanges are safe.
Never forget what happen to Cryptobridge users.

So how about us who dont have a custodial wallet? I did have some wallets that have my own keys but the problem it is used only for ethereum and tokens. It's also under third party app. I know there is still some risk but my coins are resting in peace on Binance Exchange, I am well confident that even though this exchange has been breached or hacked again. They would compensate users for this. This is the best idea actually to do but not applicable for everybody.

Moving your coins out of exchange will not create shortage of coins neither it will be a reason of any bull run but it will make your money secure and you need not to worry if the exchange is hacked or scammed. We have seen almost every exchange being hacked once and our funds are not secure. Some big exchange like binance provide you a bit more security by having a special fund in case of hack, but none of the exchange is 100% secure.

Quite a good advice and it’s no longer something new because I know for sure that this has repeated over a hundred times in this forum. And also I don’t think that those that stores their coins on exchanges are newbies, because most of the newbies that starts making use of Bitcoin starts with their private wallets, but as time goes on and they get to hear about exchanges like Binance and Bittrex, that’s when they start to hop on them.

All the above, I don’t think there’s any amount of persuasion you will give that will make people to remove their coins from exchanges, it’s their choice.

Tons of newbies simply buy bitcoins on Coinbase or on a similar site and don't even bother withdrawing to their own non-custodial wallet. Newbies are the ones who are most likely to not have received the warning about not storing their coins on an exchange.

Yes I totally agree with you on that. People really need to be educated on the need to storing or managing their bitcoin or crypto generally from their own private wallet rather than exchange.  We have had issues of hacks and thefts on these exchanges. Hence this potends a great threat to investors or traders who leave their funds on the exchanges. Truly, Not your keys, not your bitcoin
 It is our sole responsibility to protect and safeguard our funds from scams and hacks.

Thank you for reminding us sir especially those that are new in this market... Make all your funds safe and sound thru other cold and hardware wallets and avoid keeping your funds in exchanges.. Nowadays, a lot of exchanges now are turning scams or suddenly shutdown... Even the top exchanges now is not safe from hackers.. So better safe than sorry...

That was true because some of the people are holding their money to the exchange and we cannot stop them. because some of them are always making an exchange because they want to keep updated on the market but today some of the exchange is having a bankruptcy and they immediately closing and some of their users does not get their funds still one of the safeties ways to save your money is always making the transfer into your funds is into your wallet because we are avoiding having some issues like that also, thanks to aware me and other users too because some of us are hobbies to store our funds to the exchange and that was not quite good.

Yes, that is for preventing that we can use. It is better to move the coin into another wallet that we can control by ourselves, so we don't have to worry about the scamming that can happen anytime. We can send back the coin into the exchanges when we want to sell the coins, and of course, before we send, we need to make sure that everything is fine so we don't have too long to wait for the confirming.

And we don't need to tell other people that we already move the coins into another wallet because that can attract them to curious and they will want to know, and that can lead us to get scam by someone that we don't know.

i think only traders has some crypto in their exchanges and withdrawing everytime they done for specific trades.
don't you think that manipulators can counter this?they can take their coins also and sell soon so how come that the Bullrun?
yeah Not our Keys is not our Wallet ,only Noob will remain currency in exchange.

It's amusing to see people leave a good amount of fund on exchanges even without major trades, and when such exchanges gets hacked or scam, they groan in pain. I don't have too much faith in centralized exchanges, after daily trade, I retire to my private wallet and I avoid questionable exchanges.   

First things first, it's always risky to keep your money on exchanges since you are not the one holding the funds.
Your money is always at risk if you are not holding it's private keys.
Secondly, I have never heard of OWN wallet before. So I am quite sure that it will be totally risky to keep your money in there.
It's always a best to store your coins in wallets whose private keys you own and then transfer them to exchanges whenever you want to trade.

Still it is gonna be a common mistakes and bad habit that new people will do once they just started in here. I think we should consider emphasizing guidelines for newbies trading in whatever coins they're planning to trade. Not for how to earn because everyone has their own strategy anyway, but rather putting up guidelines that would keep their money safe just like how MEW warns their user before creating their first wallet.

I think manipulation work just because there is someone who have a lot of coin, as we know that the coin price movement is because supply and demand which is mean there is someone who sold his all coin then we will actually see the price decrease. As has happened today where a billion worth of bitcoin has sold through mixing service. An owner of bitcoin has sold their bitcoin and make the price decreased because it will help many people got panicked. So, there is nothing with an exchange as long as the exchange is being reputable and also you need an exchange as well when you have intention to sell them.

Taking one's cryptocurrency from exchanges is to provide absolute security from any form of security breach that may lead to the lost of funds. This does not affect the manipulation of prices of cryptocurrencies on the market. When you leave your funds on exchanges no one makes any trade with it lol.

So your main reason to not keep coin on an exchange is to cause shortage in an exchange and cause a bull run? Lol. This shouldn't be the primary reason. The reason why people shouldn't store their coins in an exchange wallet is because the online exchange wallets are never safe. They are always prone to hacks. Moreover, since you don't have access to the wallets private key, this means that the coins does not belong to you. Again, if the exchange goes down, there is not way you will be able to access those coins without the private key.

We do it since years, telling people all the time to keep their own Bitcoins themselfs.
Problem is, people treat exchanges like paper wallet, but its not.

If you're actively trading, buying and selling I don't necessarily see an issue with keeping coins on an exchange. It's extremely rare that an exchange goes offline or gets caught with a dead CEO and no way to access the coins. If, however, you are trying to hold them long-term, they are obviously safest in your own wallet and hands. Some secure electronic wallets are relatively cheap and hassle-free these days, but you must realize third-party wallets provide unprecedented convenience for the average user, and no doubt contribute to adoption rates.

Greetings, we've been stating this for quite while however unfortunately many do not have any desire to listen to this counsel.
Their support is that it's simpler to exchange if the assets are there and that they got to abstain from dumping their riches. they do not have the foggiest idea that to spare it through, no matter whether the trade gets hacked, they have to spend more.

Yes many a times in the past the exchanges were hacked and due to which the people lost so much money, just take the example of Mt gox where lots of bitcoins were lost in the back which was known to the administration way before the event happened, everything was in their hands and you couldn't have done anything to stop that, so it's better to keep your coins in your wallet and make sure to keep a backup of that wallet somewhere safe.

Basically, those who still keep their coins in an exchange will be teach a lesson like others who coins were been stolen. Thus has been a common saying that, never give anybody your private keys even the so called exchanges because this singular act can make their coins stolen from them. For those who still keep their coins in exchange stand the risk of losing their coins to hacks. Since my coins were stolen early days of cryptocurrency, I learnt my lessons never to keep my coins in exchange.

Yeah there are incidents that some exchanges are being hacked and funds are being stolen but it is very rare that hackers got all of the funds because they only have limited to steal as the exchanges system will alarm within a few seconds and the exchange will shut their operation down instantly so there is high chance that your funds will be safe, aside the exchange has the acccountability of your funds that if it was stolen within their parameters of security they will insured that for you. So letting your coins sleep in exchange is safe, imo.

My problem with these exchanges is very funny because of the ways they operate their businesses. In my early days in trading cryptocurrency, I used to trade in some exchange because of their volumes but on many occasions stuck with the exchange because of withdrawal issues. Thus made me to quit trading sometimes ago but summoned courage to invest more on the trade in o always get withdrawal after completing trades. I don't leave my coins in an exchange because anything can happen to the exchange and my coins will be taken. Keeping your coins in an exchange that have access to your private keys can withdraw your coins without your consent.

One motto that crypto holders must uphold is "if you don't control your key then you don't control your coins"
If we deposit in the wallet exchange, it means that we entrust full security to the exchange. While wallet exchange is a target for hackers, look at how many cases of hacking exchange.
https://i.postimg.cc/tRVszMrG/exchange-hack.jpg_{https://t.me/ico_analytic/1385}
It's not that you shouldn't use wallet exchanges, but be wise in using them, for example when trading, while for storing in large quantities and for a long period, make sure you use a personal wallet.

Maximize the recommended security services exchange, make sure you keep your email and other verification safe. Use a trusted exchange, usually, the trusted exchange will compensate if there is a hacking case.

I've been using localbitcoins for my fiat exchanges for as far as I can remember, never leave over $2k worth there, that was until the recent dip, I had $2k exactly and it hit me hard as it went down all too quickly with the price dip. Decided to leave it there until price recovers, I've been purchasing here and there but always try to stay under $1k for these extra purchases before sending to a personal wallet, so I currently have 0.22 of which 0.201 I will not touch until price soars once more

Hmmm, it's so sad that these warning statements are shared in here daily yet some folks will come here complaining of their lost cryptocurrencies when an exchange platform closes down. I remember when Cryptopia and Cryptobridge shut down some folks lost money over there. The best place to save your funds is on a wallet you own the private keys.

Not everyone knows this place but when they do it's already late because Google will help them to lead here. Some people who's just adapting Bitcoin and other crypto-currencies aren't well aware of the risk of leaving their coins to the exchanges because they think it's like a bank. But they aren't fully aware that hackers can access to their coins directly once the exchange is being compromised.

Don't just think of the hackers alone and just think what these exchanges themselves can do. You know they've got complete control over your crypto, be it any coin? You know they can run away with our coins themselves? Remember the Mt Gox exit scam? Many exchanges could report hacks due to either try to make insurance claims go positive on their end and they get what they want even with the stolen money (as they have that money already and/or they hire hackers to make it look like a theft). Don't forget that they don't even let you use coin mixers to withdraw your coins to those mixing services if they ever doubt on your requested withdrawal address and stop you right there to prove that it's not a mixing service you're withdrawing to. They can even suspend/ban your accounts for doing so, which is completely brutal act in my views.

Why would keeping our coins in our wallet create a bull run? What sort of logic is that? It is about protecting yourself it has nothing to do with how many bitcoins are on the exchange. This will not affect the price.
I never keep my coins on an exchange for longer than a few hours or maybe a day if I still have more trading to do the next day.