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
In many cases, there is nothing wrong with the tool, but the person who uses the tool. Why should a decentralized world choose a centralized toolkit? If your financial loss is serious, how many people can see themselves clearly and find the reason for the failure from themselves? This is worth pondering. The key to solving problems is education and learning, which is mentioned by many people in the forum. But there is no perfect world. How can someone grow without making mistakes?