As 2022 is almost coming to an end and haven't been around this forum for a couple of months now, I have learn two vital lessons this year that will guide my journey in the cryptocurrency space.
THE TWO LESSONS
1: I will never trust an exchange, most especially centralized exchanges e.g FTX Binance, etc.
2: never n trust any other coin aside from Bitcoin for long-term goals, most especially the highly centralized altcoin as there are open to external influence just like centralized exchanges are also exposed to external influence.
So I am led to the conclusion that, cryptocurrency is not the problem, but centralization and the human factors are the major set back in the young fast-growing cryptocurrency industry
Yes, centralized exchanges are the main issue, as they are the root of all the issues that are causing the bear market to last longer. When people heard about FTX, they panicked and sold all of their Bitcoin, which is why the price of the currency is still falling. If we can all avoid these exchanges, we can all enjoy Bitcoin and learn about the technology behind it because there will be a significant price increase that will benefit us all.