Quote from: jokers10 on Today at 09:56:06 AM

Oh, believe me, many, many people store their assets on exchanges, even many on this forum do so. If you remember how exchanges scammed and got hacked, there were so many sufferers and lost funds!

If we'll look at how many bitcoins of clients Binance stores on its wallets, it will be a significant amount. So any problems with Binance will definitely impact the entire crypto market. This is a situation when the quantity is turned into quality.

The reminder created by Tymos should be an important warning to anyone, that storing BTC on a centralized exchange is not a smart solution for securing our assets. Regardless of whether people keep assets on a centralized exchange like Binance or not, it will be the responsibility of each individual and they will be the ones who will suffer the consequences when something happens. But for me the move to secure the asset is important, moreover bitcoin is quite valuable in the long term and even if a centralized exchange is used it is only a short term trade.

For the problems caused by the situation that happened on binance to the entire crypto market and indeed it will be significantly affected and today we have seen how crypto or bitcoin is corrected. We often encounter market sentiment and it is not only influenced by exchanges, but there are also several other things that make bitcoin continue to have an impact on the market and when everything is normal it will return to be better.

Quote from: jokers10 on Today at 09:56:06 AM

Not to be worried a lot we should remember that 1BTC is always 1BTC. All temporary problems with centralized projects will pass and what we have will stay with us.

Yes it's true and 1 BTC will remain 1 BTC definitely won't change, we hope this incident will pass and will not affect anything, especially the confidence in BTC because we have seen a long term store of value. When it comes to exchange there is a lot of coming and going in this industry and it is a normal occurrence and there is no need to overreact.