That's me there in that comment. I'm constantly appreciative to providence for making my path align with Bitcoin on that fateful day in December 2016 (can't remember the date, actually) before I then registered on this forum in 2017. Bitcoin has been an eye opener to me in everything financial engagements and the dynamics of inflation. Also, my exposure to Bitcoin has sharpened my instincts on online dealings; both on internet and scam awareness.

Suddenly, everybody has become sagacious on not keeping coins on exchanges. You guys advising this forget that it's not possible for traders not to leave coins on exchanges. Perhaps, what should be advised is for much coins not to be left on exchanges. Except if by that advice what is meant is "investors". There must be readily made available coins on exchanges for traders to execute seamless trades, otherwise they will have to always send coins to exchanges each time they want to trade. Who does that?

This isn't entirely true. Go and ask those who bought Bitcoin at its last ATH of $68k+ and feel their pulse.

The advice shouldn't be on not making cryptocurrency ones only source of income. It should be on general. No one should've one source of income. Diversify your earnings. It's good to do so as it will keep one out of uncertainty and poverty. The general principle is that no man who wants to be rich holds just one business line. They always diversify.

Secondly, your friends weren't traders in the real sense of it. Otherwise, whether bear or bull; the real traders make money trading. Your friends were merely hodling in expectations that price keeps going up. That's why the bear season affected them. Those who trade for a living, either short or long trades at every given opportunity.

Glad tidings, if you asked me. The crypto industry, of a truth, has come to stay.

https://twitter.com/cz_binance/status/1592508098648084482?t=_V3eT0EPlOFLSn0TTEYRvA&s=19

Ok, broda you just make me turn my phone upside down to see whether I go fit understand dat language wey you use there 🤪

On a serious note, make I play you tape. You see most of those people wey dey chorus don't keep your coins on exchanges get to dey clarify am as you just do am now because I know a few of them wey dey keep coins for exchanges too. In all I get ur point, except dat one wey you use Tinubu PDAAPC format write 😆

All dis "don't leave your coins on exchanges or use cold storage for all your coins talk" na for people wey nor dey trade at all because no real trader fit do without keeping coins on exchanges. Wetin their advice supposed be na make persin no leave much coins there. I dey see so many people wey dey give dat advice here and they claim they're traders. I dey wonder if dem dey truly trade at all. How you wan trade wen you nor get coins for exchange? How? So, everytime dem wan trade dem go move coins go exchange ba and then wait for it to enta while d set up they want to trade go dey there dey wait for dem abi 😆

Dis thing don begin make afraid enta my bodi like dis wella. I just dey wonder d kind of influence wey CZ Binance go get over the entire crypto thing now with im exchange as we dey see the type of gbege wey dey rob SBF and the ripple effect wey d whole thing dey generate now.

No wahala bro. One luv! Just dey make sure sey you dey improve wit every post wey you make. Na d koko be dat.

I feel you but remember sey persin nor fit take eye see im own anus except na anoda persin go tell am how e look like.

If to sey you supply dis explanation, you for chop dat two buckets of wata straight up.

Dem nor dey ask He-goat where im sleep. Na whether im wake from sleep or not dem dey ask am.
Meaning and usage: This proverb is usually applicable in philandering/flirting situations. It simply means that every beneficiary should be contented with what they're getting from their benefactor once they're able to get what is due to them instead of seeking to prevent the benefactor from dishing out same goodies to others.

Let me break it down. A woman whose husband keeps side-chicks shouldn't be bothered with what he does outside but be concerned that the husband plays the good guy at home by taking up family responsibilities.

@Hyconic, I go give you half of d mark because of the "flirt" wey you mention there. Na only you come close to the answer.

Disappointedly, I didn't see Binance on your list. We all know that it was also hacked during the period in quote here. Hacks are synonymous with exchanges and most times it's insiders' jobs with staff leaking vital information to hackers. However, FTX's case wouldn't be classified as a hack. It's total greed on the part of the CEO, Sam Fried. The dude has caused more harm than envisaged to the entire crypto space within these few days that his sharp practices got out in public. He should be made to face the law and consequences of his needless recklessness.

While you're happy that the market is dipping so you can increase your holding, many are still skeptical going in. They see the ongoing dip as a falling knife situation. A lot of wannabe investors love quoting Warren Buffet on the need to buy when others are scared and sell when they become greedy hodling. However, they don't keep to that fundamental principle of investing. Sometimes, I don't want to go out and blame them for developing cold feet during times like that because we are often going to be scared too watching the situation life. We get wiser with hindsight.

Perhaps we all are casualties in this whole FTX issues. Everyone can feel the ripple effect. The entire market can testify to that. We've seen how even Bitcoin and the rest have reacted negatively with dips. Again, those who also have funds in exchanges that heavily depend on FTX for their transactions will also be dealt another blow in days to come. My advice is that those who are should quickly move their funds to a safe place immediately. Since FTX is bankrupted, it's likely those dependent exchanges on it will declare bankruptcy and then hastily disable withdrawals. This is really a trying moment for the crypto industry.

Greed is human nature. It's in every man and  can either be displayed conceitedly or consciously. Those who control their level of greed do so with a conscious effort so as not to hurt others. It's the same way the need to do good spurs godly people that the urge to do evil moves the ungodly. Most people (virtually all) are In cryptos for the Benjamins. It doesn't matter if they openly admit it or not. That's what the mindset is about. Crypto Devs have come to realize that since the nature of cryptos is often online and could be created from thin air, there aren't likely to be office addresses or contacts anyone could trace them to in case they misfire. So, invariably they think they can mess up with investors funds and get away with that. That's what fuels their greed.

Mindful or not, it's a standard procedure to get an escrow involved while transacting with anyone online. Don't do blind trust even if the user is a legendary ranked fellow. Always play safe, except where the said user is someone you're used to outside this forum or who has proven track record here. Don't just trust, verify first.

There's no gainsaying that it won't be big then. 2024 is Bitcoin's halving year and history has shown that every halving year is a progressive one for Bitcoin, and by extension the entire crypto industry. 2016 and. 2020 made Bitcoin soar in price and as such I don't see that of 2024 being any different. Yes, it's good to get set now ahead of time for investment opportunities that will abound in 2024.

Let me start with your last question – I use Binance. It's my major exchange. Then back to your first question – I won't trust any exchange that says it doesn't make KYC compulsory at a time like this when we know how SEC has been breathing down on their necks to move towards knowing their customers as a way of discouraging money laundering. Recall that when Binance started in 2017, it was free registration without a KYC until recently when it started restricting accounts without KYCs from not just withdrawing but from trading at all. In fact, Binance started with trading without commission charged on trades. That was exceptional then. It got many traders running to that exchange. Today, there are numerous charges that one can't even tell what and what the charges are for.

😆 That's the thing with the internet. We mustn't talk for the sake of talking when we don't mean it. Our words have a way of harmfully locating us after we've harmlessly made them.

Well, on the part of OP's suggestion. Yes, one mustn't always be in the market to be profitable. One or two winning trades weekly are more than enough to keep one going as profitable as it can be. Just pick your trades and choose entries for maximum profits.

You're simply setting yourself up to be scammed. There's no HYIP without its attendant consequences and eventually it ends in Ponzi. You shouldn't believe anyone who promises you a shortcut to riches for there's nothing of that nature in reality. Any investment that promises to make you a certain percentage on Return on Investment (ROI) is an obvious Ponzi because in business it's the forces of demand and supply that determine the ROI and not a single individual. Steer clear of Ponzi. You will end up hurting yourself.

I think the request you're making is a needless one. Merit sources (MS) should ordinarily find fulfilment in what they voluntarily do. You don't know what it feels like having the ability to bestow merit on posts you come across and think they're merit worthy. I feel bad whenever I'm not able to award merit on posts I think deserve it. So, to some extent, I think MS are already in a good place and their jobs aren't even that cumbersome when compared to those who fight spam or link accounts to one another as a way of sanitising the whole process.

Frankly speaking, and responding to the topic, there wouldn't have been anything wrong still. Man would be carrying out his functions like it's normal. You can't miss what you do not know exists. Without the advent of Bitcoin, life would still carry on. Before Bitcoin, there was life and after it, there will still be life.