Post
Topic
Board Bitcoin Discussion
Re: Why do people store their cryptocurrency on exchanges?
by
Rikafip
on 06/01/2023, 22:22:05 UTC
Okay put 100000 Doge you own on an exchange.

Set 3 sale points

33,333 at 29 cents
33,333 at 49 cents
33,333 at 69 cents

set it and forget it.
How much Doge would you have now if you did that on FTX?  Cheesy

I know some people that are doing exactly that on Binance, and they are not newbies or anything of that sort. Unlike 99% of the people, they fully understand the risk so if Binance goes down they won't blame CZ/US government/whoever but instead only themselves.