In crypto investments, as in any investment, everything is always associated with risk. Anything could happen. It is always better to do a detailed analysis before investing in anything.

It makes sense. After the collapse of the FTX, all people were very tense. But in any case, you should always subject everything to analysis.

Without analysis, you should never get involved in anything. This applies to all areas. Naturally, if you do not do an analysis of investments, then with a higher probability anyone can lose money, although there are people who are just lucky.

I also think that the ban on the use of privacy coins will have a wonderful effect on their growth. People are always interested in trying something forbidden. There are always ways to get around the bans. 

I agree, it is always necessary to analyze and consider all potential risks. But with the CRP, the losses will be minimal if something goes wrong. So people can try without fear.

Anyway, I think that any central server is a potential threat to security and reliability. They are targeted by hackers and must adhere to government regulations.

As questions swirl about how much cryptocurrencies will be worth in the wake of the spectacular collapse of the crypto exchange FTX and other major platforms, a key question has emerged: Who will keep your crypto safe?

In response, some in the crypto community are calling for a return to its decentralized roots.

Among the rallying cries of this latent movement: “Not your keys, not your coins.”

In other words: Trust only yourself.

But doing so requires individuals to maintain their own cryptocurrency wallets through a more complicated — if safer — process that involves generating complex passwords and sometimes buying physical hardware to keep track of crypto, as opposed to entrusting it to an exchange.

"A company like FTX was supposed to hold your assets, but they ended up lending them out," Tracy Wang, deputy managing editor at the crypto news site CoinDesk, told NBC News.

That concept is what undergirds the traditional monetary system and seems to go against the fundamental philosophy of cryptocurrency.

"This is like taking power back and being in charge of your own money," Wang said of decentralization.

So does that mean that Utopia P2P had chosen the right way from the very beginning, being based on its own decentralized blockchain and having own Crypton privacy coin? As for the 5 years of existence it didn't face any data leakage or scamming scandal. Or what else would you offer to pay attention to?

If no one knows who created a particular platform, app or space, it is difficult to influence either the developers or the users. Therefore, creators of independent sites remain anonymous to avoid external influence, like Utopia p2p ecosystem.

It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy.

What do you think about the FTX crypto exchange collapse?
The ex-management of FTX was accused of concealing the illegal use of client funds.

It really is. Like you, I consider this exchanger the safest of all anonymous exchangers. After all, there are anonymous exchangers that can steal your data or something like that, but this does not apply to the Crypton exchanger.

This sounds very profound. In a way, you are undoubtedly right.
I think that we all would like to be in the place of the lucky ones who managed to earn a good profit.

DOGE is really only holding on because of Elon Musk's interest, but I doubt it can go on indefinitely. Bitcoin is indeed the very first and largest cryptocurrency, and basically the future of all cryptocurrencies depends on it. However, this does not mean that you cannot earn income on other cryptocurrencies.

I agree, the coolest thing is when you don’t need to spend a huge amount of energy on mining. Moreover, the purchase of equipment for Bitcoin mining will cost much more than the entry fee for Сrypton mining.

Completely agree with you. You always need to be prepared for a market crash and you always need to be prepared for any outcome.

In any case, there are other exchanges. You can always use them as extras. In principle, at the moment I do not need additional coins. I am quite satisfied with the existing set of coins.

Most likely, the fact is that they are easier to promote. People really think it's more accessible. Although I would not be in a hurry if I were them and studied the market properly.

I also often think about it, but I'm afraid to invest in new ones. For complete certainty, I always prefer proven options. Maybe you can recommend something?

Well, if you think about it, it's not too much money. Despite this, the coin interests me. I think that they have good potential. Of course, there are undoubtedly alternatives, but I really wanted to try.

Of course, decentralized projects come with their own tradeoffs: they can be slower to develop and interact with. But Decentralisation is the best solution to handle emergency situations—such as declin­ing sales, cutting costs, using resources productively, pushing a competitor to the wall, handle policy changes of government etc.