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Author Topic: Don't hold your coin on exchange for long time.  (Read 1406 times)
RadjorBlade
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October 19, 2018, 09:07:10 AM
 #421

This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet
To get a profit, don't HODL for too long, because prices continue to fluctuate, so play as a trader, buy when the price goes down for a while and then sell when prices rise. Maybe the increase isn't much, but it's pretty good. Then repeat again like that so that the dynamics of bitcoin are more pronounced and become smarter to analyze the rise or fall of bitcoin prices.
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Moxivuki
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October 19, 2018, 09:11:02 AM
 #422

Hackers do affect the property security of investors to a certain extent, but I believe that if we trade with caution, then I can effectively avoid the possibility of being attacked!

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bravehearth0319
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October 20, 2018, 06:14:43 AM
 #423

Don't store your coins exchanges for a long time. These echanges are not hacker-proof platform. There were lots of exchanges tha had been hacked and hundreds of millions worth of coins were stolen. Better to store your coins in a hardware wallet for safety. Put only the amount needed for the trading.
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October 20, 2018, 08:58:50 AM
 #424

This is just the simple truth, it's not good to leave your coins on the exchange if you are not trading them, I have this bad experience, I left some coin in an exchange, I won't mention the exchange, so it happened that regulation made them to demand KYC for their users, then KYC was implemented and I have tired so many times to pass the KYC but couldn't since then my coin is still stocked on the exchanges, that's the more it is not good to leave your coins on exchanges, they can take any decision at any point in time.

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October 20, 2018, 04:53:50 PM
 #425

Yeah, I agree that it is risky because exchange can change its policies and rules and that may freeze your funds, always be very focused when you work with exchanges.

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October 20, 2018, 09:05:05 PM
 #426

In trading, the risk of hackers is really feared by the players So they have to be very observant in saving assets and stay focused on creating income at any time without panicking when prices are in a relatively bad period.

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October 21, 2018, 09:51:06 AM
 #427

Yeah, I agree that it is risky because exchange can change its policies and rules and that may freeze your funds, always be very focused when you work with exchanges.

I do not think that good exchanges will do it, even if a good exchange is going to update or add a new rule or policy then the exchange wont freeze your funds just because the new rules. It can be called as scam if they change rules and freeze user's funds.
Usually, exchange will inform users if they are going to add new thing that may affect user's funds/assets so users are able to do something like withdraw it to their own wallet.

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darasinmi4show
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October 21, 2018, 12:36:10 PM
 #428

Yes, don't hold your coin or asset on exchange for so long. The simply reason is that hold coin or Asset on  exchange can amount to the lost of the token if the exchange is hacked.
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