Post
Topic
Board Bitcoin Discussion
Re: CZ Sentenced, Your Bitcoin in their Custody
by
naira
on 01/05/2024, 12:26:03 UTC
Every bitcoiners should understand why they need to have in custody their own digital financial asset and not with third parties like exchange ss, they can be attacked, hacked and if any of these happens, our asset with them are gone, we should learn to avoid the use of exchange, hold our bitcoin on cold storages and remember that not your keys not your coins still ever remains verdict in bitcoin network.

All choices regarding privacy are in each person hands because from a legal perspective, sometimes we cannot prevent other people from being on the stock exchange. Use it appropriately without needing to keep assets on the exchange for too long. Regarding CZ since he admitted his mistake, all power on behalf of Binance has been transferred to the new CEO. That's formal but behind the scenes anything can be manipulated to make us fooled. But I don't care that far regarding the CZ case, there is no gain or loss for me personally in investing in Bitcoin as long as I can find my own way. Binance is just 1 of 1000 bridges so we have the right to choose. The most important thing is that our investment is safe, no other party touches it, so there is nothing to worry about. We are used to the US government's activities to target people in the crypto industry  .