Why are people scared of centralized projects too? I thought keeping money in exchanges is the danger? I have Cronos and Sologenic in my wallet and I believe even with the going FUD they will bring me good profits or is there more that I should know?
Other than exchanges, danger of keeping shitcoins in any wallets, custodial or non-custodial, is even worse because it gives you false sense of security
Shitcoins are like rotten bananas, they are worthless, and you know they will die sooner or later, so better exchange them for Bitcoin as soon as possible and keep this BTC in some cold wallet.
Use exchanges only when you need to exchange coins with other coins or fiat, and choose decentralized exchanges like Bisq or other p2p alternatives.