Recently I have been seeing a lot of people who are key crypto players for the past few years, backing away from cryptocurrency & mining. I have a few bitcoins, but I have never trusted any exchange. I have bought BTC from people only and currently, it is in my own hands [technically speaking]. I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.
People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. If you have lost something, then somewhere it is also your responsibility. FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid.
There are a lot of channels[pretty big] that praised Bitcoin & mining now backslashing it & people are really getting carried away with this. Bitcoin to the market is just an emotional asset, however, there is more to it but only if people try to see it. Do not get carried away. Think wisely & use proper data.
Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.
I think you must be an old timer because only one of those can be so calm and composed during a crisis like this.
Even I am not so stresses about the FTX collapse but I do wish that the impact of it is over soon because there is a lot of collateral damage.
The FTX collapse has awakened many people who kept their coins on an exchange. People were taking exchanges for granted which is why they are paying the price for it.
Although this shouldn't have happened but somewhere it is their mistake as well. They say "not your keys not your coins" for a reason and this is a wake up call for everyone.