So, like the heading says, do not make crazy suicidal moves in this bear market.
The recent FTX drama involving hundreds of millions of dollars stolen has resumed the barraging attacks on bitcoin and cryptocurrencies in general by critics and naysayers.
Bitcoin has withstood these attacks and proven all ye naysayers out there wrong and would continue to do so.
So Im pretty much putting it out there to chill and not make any rash decisions that would be regretted later on. And also to reiterate the fact that exchanges are a no no for keeping your coins.
Few person that are aware of my association with bitcoin have been bugging me with questions. I understand that some just wanted to mock me because of my confidence in bitcoin. Thank you OP for this good piece of advice. I made some mistakes before that caused me a whole lot of funds and I have always regretted my poor decision. I have learnt the priceless virtue of HODLING the hard-way and I am very willing to stay till the end.
These exchanges cannot be trusted because they are just commercial banks on the internet. Owners of these centralized firms run them like their families and sometime their decisions are not rational and economically sound that is why more would keep going down. I am not scared anymore because bitcoin would definitely bounce back and the keys to my bank are with me.