> Maybe it's better to keep just a small amount, surf a little - instead of looking for that "big wave" - and call it a day.

## Say no more.

time to learn from this and never ever let the greed get's heavy on the mind .

It didn't seem that the market reacted dramatically this time.

Well it was just coins taken, not cash. Taking that much cash out of the ecosystem would have rocked the cryptoverse much harder imo. Good lesson to be learned here, never assume your coins are safe when they're not in your wallet. Don't even assume those are safe! Things can be stolen from anywhere, leaving them out on the internet just makes them available to a much larger group of thieves.

better we learn from it and don't be sorry later otherwise that will be a huge loss later

biggest attack ever ... only we can learn from these mistakes but thanks for sharing these

Well, it's not like those crazy Canadians who held up a cryptocurrency exchange at gun point.  

As things change, they just stay the same.

Want comments not understand, hihi How long has the brother been in this world?

I just keep hoping decentralized exchanges will start getting more traction with people; we see this hacks and failures... and yet here we are, everyone in this industry singing the praises of decentralization, and yet most people are using centralized exchanges. 

Makes me ponder to consider whether there is something offered by centralization that simply CAN'T be done in a decentralized manner? Otherwise... why so much hesitancy?

Decentralized exchanges sound awesome but ive not heard any reasonable way of getting consensus on deciding spot prices

Decentralized exchanges are truly the future, I just hope people realize this in time

I totally agree with your 2nd point "Decentralized exchanges are the future".

Very interesting take on the sad incident. I wonder what to do with my coins. I have seen the market stay resilient today despite the widespread news. It is a big amount but a tiny fraction of the entire market cap. The exchange too is relatively unknown to the world perhaps. A Bittrex or Binance or Coinbase hack would surely start a meltdown.

You are right, 400 million dollars although it is a huge number, it did not seem so big compared to the whole market cap of crypto. It is indeed a very bad thing with negative effects over how cryptocurrencies are perceived by the people new to them. Instead of looking secure as they are, they will look like they are easy hacked and the current centralized economy is much better.

I really hope that this kind of things will not happen again and that decentralized exchanges will soon evolve so much and replace the current centralized exchanges.

Do you think coinbase and that other big one are safe? Is this safe?

In general, this HACK is a terrible thing. 
But...as we have a saying here:  "There is nothing BAD, which will no turn into GOOD".
This may give a big push to the progress of the decentralized exchanges. Quite a few are just "around the corner" . And I mean the TRUE decentralized creation. 

Which must have every of the four major components decentralised
*Capital deposits
*Order broadcast
*Order matching
*The exchange of tokens

Add to this a true "Atomic swaps between different coins" , + NO registration/KYC - and you get how I imagine the next level of (decentralized) exchange . 
And it is comin. Coming soon. This spring. After three years of stealth development. 

It's name is #Blocknet. They call it
### "The Internet of Blockchains"

Bitshares is rising too, no surprise there.  2018 will be the year of the DEX

>Why would you keep huge amounts of tokens in an exchange?

As a novice, after reading your post, I'm presuming you mean **centralized** exchanges.

I've read before that once the trade is made, they should be placed in a wallet where the user has access to the personal keys.

The only exchange I'm currently using, due to missing the entrance to Bittrex, is Open Ledger...decentralized.

**I'm not clear how your question relates to coins remaining on this platform. All of my current trades remain in my OL account.**

As always, I enjoy your posts. Thanks for the knowledge.

I know you're busy working on other posts; thus, I welcome responses from all.

Peace.

Not a good day definitely much more pain these incidents are increasing day by day

Ah, I was a little confused that it says $400 at the start. Exchanges are vulnerable to human mistakes or even extortion as happened recently. One great thing about crypto is that we can have control of it and then it's up to us to keep it secure. Still have to be so careful.

In Mexico we have Bitso as the most convenient way to exchange our cryptoactives, BTC, ETH, LTC, BCH and RIPPLE, they are the crypto that we can exchange for Fiat money.

I do not know if I can trust 100% in them, their exchange system is very fast the sending from Bitso anywhere is very fast, it works 24/7, but even so I do not have all my crypts in this site, do not distrust of dawn one day they were hacked and we lost everything.

Another thing that does not give me a good spine is that the Mexican government I think has spoken with people from Bitso, have asked for information from their clients and I wonder what would happen in the future that want to impose taxes for having cryptocurrencies, surely with our personal information they can make us pay these taxes or we will be forced to its regulations.

In wikipedia I read that Steemit emerged under anarchist ideals and it is very true a self-regulated system without government and an option of un-traded exchange in mexico so far I do not believe it exists.

Greetings and make it the best of your days

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Is that the hack to the Japanese exchange?

Lessons Learnt: Decentralised Exchanges are the FUTURE!!!

Try bitshares.org

Very good and instructive post, Thank you for your dedication.
I want to thank you a lot for the steem.supply app, very useful tool with tons of  useful data.

Hmnn.   I still have US$0.38 in Bitcoin on Poloniex. Maybe i should get it out. I dont want to lose my fortune hehe

Do you think NEM is in a buying opportunity now or we'll have to wait to see if the price drops lower?