Quote from: countryfree on June 05, 2023, 06:47:44 PM

6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.

Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.

Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.

The best way to defeat the fear and panic that comes from Exchanges (Centralized or SDecentralized) being attacked in the news is to keep your funds in your wallet. I believe this is why it gets repeated time and time again that if you keep funds in an exchange platform; it is not yours!>

Also, one exchange especially a reputable one going down is enough to cause fuds and force weak hands off their hodlings; it is only natural. Bitcoin is here to stay, bitcoin is going to be around for a very long time too.

Finally, i care about binance and other reputable cex haha; they are the safest source of p2p for me.