Indeed, CEX is appealing because of its convenience, even though it is not safe. Users pay for convenience with additional risk for their money. Frankly speaking, I can't completely reject centralized exchanges either, because it is more convenient to trade there, there is no slippage and it is much more convenient to exchange different coins or withdraw profit. As long as cryptocurrency is dominated by fiat, people will not give up centralized exchanges.

It's very obvious that the market situation is bad. We've seen the price going as low as $15k, -74% from our last all time high just a year ago. ETH is down -73.18%, BNB is down 61.09%.

So that's only the top 3 crypto, what else if we look down in the list? I'm sure that there are a lot who has -90% or even higher.

The scary thing is that it's just the start of the bear market and what others have said, next year could be worst, so we need to get ready in the next 12 months still because the market should still be in the shaky ground.

If you decide to sell your altcoins, also consider the possible risks and costs associated with such transactions, including exchange fees, currency conversion fees, and potential loss of value due to price volatility. Before making an investment decision, it is best to consult a registered broker or financial advisor or seek advice from someone who has sufficient knowledge and experience in this area.

A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?

we know all of that is just Fomo, especially during a bear market like this, there are lots of investors or whales who want to take profits and can buy at a lower price again after the dump,
I'm sure Elon Musk is also doing the same thing, considering he's also very good at making markets crypto Fomo, just like it did last year when Doge hit a new all time high and made a few millionaires,
and maybe Elon will do it again too, whether it's in bitcoin or maybe in altcoins.

I will support Elon Musk if he creates a stablecoin for Twitter

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

A few days ago, Elon Musk responded to a friend's tweet saying that the price of BTC may increase by the end of winter.  He also asked everyone to be patient.  It means that the future of BTCL is very bright and its price will increase.  We are all waiting for this winter to end and the market to return to its previous form.  InshaAllah the price of BTC and digital currency will return to the previous room thanks

If you intend to sell your abandoned house that is fair enough, however never make any attempt to sell your own living home, I believe you wanted to take a risk by buying bitcoin now for long term perspective in a bid to earn reasonable amount of profits compared to an abandoned house that is not appreciating in value rather depreciating, I think the risk worth it considering the past history of Price Action of bitcoin for every bearish sentiment their is usually a period when the price will pump to attain ATH, if you decided to  buy now there is a big opportunity coming up for long term hodlers ahead because of bitcoin halving in 2024.

You are trying to make positive news here but a lot of this news is not related but rather an attempt by the whales to lure more people by convincing them that the market will keep going up which is something that happens as the price goes up and you will see a lot of negative news if the price goes down.

The bull market comes when many people think that the price will not rise again and that you will lose your money if you buy then it is the best opportunity to buy.