Hi friends,
Bitcoin is right back where it was two years ago, making it a lost two years for those of us who have been in the whole time:
The FTX disaster is a big black eye for crypto and mainstream adoption. Sure, it is safer to hold your coins in cold storage instead of holding it on an exchange wallet, but it also is a much bigger pain and gives you less flexibility to sell whenever you want. Custody is a big issue, so if exchanges are doing nefarious things with your coins, you could be out of luck. This is certainly going to be used as a means to heighten crypto regulation.
I lost some coins on the Cryptopia exchange bankruptcy a few years back. I also tend to like speculative investments and, therefore, have been rug pulled a few times. Not fun to get burned. Best to spread things around and try to mitigate risk when you can, but there are no guarantees!
Thanks for coming by,
Brian
