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
Wow, I am so surprised that you have taken a fantastic decision which is going to guide and help you throughout your journey in the crypto sphere. Many of us had made this mistake of investing in a crypto projects and finally it crashed making us lost severely without even the help of the government.
The government moat can not help us to recover our lost funds that is why we need to be very careful about how to make decisions on the kind of crypto projects we will like to buy in respective of the exchange that owns them or the project team. We all need to stick with Bitcoin because it is the only reliable and trusted cryptocurrency.