The cryptocurrency market has been going through a panic for several days now.
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies. Yesterday the admin of the forum issued a red alert Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
All these members are giving all these warnings on cryptocurrencies without understanding some signals in advance. So what do we understand the general public?
Is the cryptocurrency market headed for destruction or can we expect something bigger to come?
Or do we have any other options other than we the common people to slow down like turtles and be patient?
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies. Yesterday the admin of the forum issued a red alert Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
All these members are giving all these warnings on cryptocurrencies without understanding some signals in advance. So what do we understand the general public?
Is the cryptocurrency market headed for destruction or can we expect something bigger to come?
Or do we have any other options other than we the common people to slow down like turtles and be patient?
I think you are getting it all wrong. A warning doesn't always has to be an upcoming threat. It can be a prevention method for the "possibility" of a threat.
In this case, the people here always advice to store crypto in non-custodial wallets and not on exchanges.
I have read the phrase "Not your keys, not your coins" so many times and I have been hearing it for so many years already.
This basically helps users prevent the possibility of a hack of their coins. Stay calm and keep holding.