Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space. by kenechukwu97

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @kenechukwu97 · Nov 15 '22

$3.82

Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space.

It appears that so many investors in the Crypto space have become victims of a cruel sequence of events that simply calls for sympathy. When you hear stories of people that have had it rough in their Crypto journey, you will be gutted on their behalf.

Imagine someone waking up to see that every last quid in their wallet has vanished into thin air. Sometimes, it happens due to a hack. Other times, it happens because some centralized folks decided to pull the rug on investors.

We won't be playing the blame game here. Yeah, it's so true that some people are the architect of their own cruel experiences, but we certainly won't be pointing accusing fingers at anyone.

After all, these things can happen to anyone.

I like to always emphasize that we can never be too careful and that's the fact. That's exactly why we have to always go the extra mile in our attempt to put our Crypto asset in the most secure place.

![photo-1620266757065-5814239881fd.jpeg](https://files.peakd.com/file/peakd-hive/kenechukwu97/23wC7mA1QUhYKx8mSBmiQW8TfK8LZCZy22xH4fd9utjJTRNYCAYw23V5Xtntww6aEWQDy.jpeg)

##### So, where is the most secure place?

You can make a case for a couple of options, but Crypto Exchanges are certainly not an option.

You know, what I find appalling is that so many people still have tons of money in these exchanges. I just had a look at the P2P page on 'a certain exchange' and the open trades are showing single accounts with loads of USDT, BTC, BUSD and co.

Since that's in the trading segment, you can only imagine the unit of Crypto people are holding in their wallet on such exchanges. It's not even funny anymore. With all the series of mishaps happening, I genuinely think it's bonkers for anyone to still hold a huge volume of their asset in exchanges.

As you already know, the whole FTX incident has placed so many people in a situation where the trajectory of their net worth is experiencing a downtrend. That's the ultimate definition of a crisis.

Let's try and be mindful of where we are holding our Crypto assets, please. Just rule out exchanges for a start.

**NB:** Not a financial advice 🙂.

**Thanks For Not Missing Any Full-stop Or Comma**
<sub>Thumbnail Image taken from [Unsplash](https://unsplash.com/photos/5hcV51EeeWc)</sub>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kenechukwu97/crypto-exchanges-the-architects-of-a-cruel-sequence-of-events-in-the-crypto-space)

👍 leo.voter, hiq, crossculture, tomiscurious, brofi, pouchon, mary-me, quekery, johannpiber, shadowspub, r0nny, dreemsteem, smooms, pixresteemer, monica-ene, whatamidoing, kemmyb, starstrings01, damus-nostra, merit.ahama, bnb-hive, teesart, ynwa.andree, penderis, hiq.redaktion, steemaction, eturnerx, tripode, bitrocker2020, nkemakonam89, marito74, d-company, hiq.witness, ew-and-patterns, eliel, dlike, raiseup, onealfa.leo, hiq.hive, rufans, wochenblick, hiq.smartbot, esther-emmanuel, nfttunz, megavest, biggerjoe, princessbusayo, hiq.magazine, carmate, niallon11, farmboy-boss, artmentor, leogrowth, fatman, leofinance, beebay, patriamcaritatis, p-hive, hykss.leo, ifarmgirl-leo, steem.leo, abenteurer-dan, blezyn, hiq.shares, and 87 others
👎 xleo.voter

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properties (23)vote details (152)

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pouchon	195,392,373,130	5%
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shebe	693,970,593	8%
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mytechtrail	1,701,626,513	0.87%
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branbello	625,804,675	8.75%
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tamala	513,505,794	2.5%
jglake	5,511,049,268	20%
organduo	1,835,237,028	5%
obsesija	1,328,188,836	2.5%
blainjones	3,324,865,064	4%
mary-me	188,107,742,553	100%
tsurmb	1,253,351,140	2.5%
break-out-trader	2,047,641,742	5%
ireenchew	1,996,668,151	3.5%
welcomewagon	693,360,370	10%
raiseup	23,344,394,058	5%
dlike	24,208,177,726	5%
steemaction	32,152,562,358	5%
platuro	510,475,207	100%
starstrings01	64,069,298,638	12%
ynwa.andree	51,819,432,143	50%
johannpiber	162,019,908,275	15%
smokingfit	2,729,966,278	80%
jacuzzi	2,100,966,467	1.25%
anonsteve	517,395,487	5%
apokruphos	3,550,422,322	1%
artmentor	11,410,750,070	100%
d-company	28,285,658,229	4%
megavest	13,758,802,235	5%
shauner	817,315,623	2.5%
travelwritemoney	2,375,673,306	5%
kaeptn-iglo	614,455,855	100%
steem.leo	6,369,240,809	5%
leo.voter	3,950,120,779,124	5%
onealfa.leo	21,403,958,854	5%
babytarazkp	4,131,851,790	40%
maddogmike	1,189,742,259	0.87%
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coinlogic.online	722,659,891	2.5%
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faireye	121,865,812	100%
gloriaolar	3,948,246,433	30%
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monica-ene	95,227,104,634	74%
leofinance	8,165,756,648	5%
x9ed1732b	931,670,298	2.25%
hiq	630,151,467,506	100%
hivelist	2,826,789,975	0.87%
hivehustlers	3,057,112,640	1.75%
teesart	51,929,611,827	100%
w-t-fi	1,478,652,720	100%
ksam	1,325,997,723	4.8%
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carmate	12,333,895,756	100%
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rslsaku	3,220,074,313	100%
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abenteurer-dan	6,069,387,468	100%
der-bierokrat	3,360,129,946	100%
officialhisha	532,929,909	2.5%
hiq.redaktion	46,353,405,177	100%
beebay	8,003,251,959	100%
blukei	597,448,863	6%
he-index	2,610,060,853	10%
esther-emmanuel	18,044,416,767	100%
cielitorojo	2,833,744,985	2.5%
hykss.leo	6,379,352,808	0.75%
kemmyb	74,541,293,197	60%
marito74	28,529,119,991	100%
cbridges573	671,237,198	2.5%
elgatoshawua	1,075,620,402	2.5%
maylenasland	570,602,396	6%
brofi	252,001,750,511	2%
b-leo	964,416,363	5%
investing-dude	1,703,748,009	5%
nfttunz	16,135,447,664	1%
princessbusayo	13,118,135,074	50%
merit.ahama	59,250,086,919	100%
wochenblick	20,839,973,441	100%
davidbright	3,486,454,465	20%
mmykel	572,010,711	10%
fehlerbeheber	669,136,058	100%
hankanon	1,229,665,478	20%
steentijd	1,149,505,923	2.5%
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vankarma	1,675,105,939	50%
bokica80	730,450,394	2.5%
r0nny	147,531,273,481	100%
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nkemakonam89	29,613,348,452	100%
saboin.leo	4,453,822	9%
grabapack	1,418,496,988	2.5%
p-leo	826,961,651	5%
queensativa	2,676,770,011	100%
hiq.shares	5,850,165,304	100%
xleo.voter	0	-5%
leogrowth	10,330,165,890	20%
splinterskins	3,816,826,568	100%
ctptips	4,075,099,032	15%
p-hive	6,827,122,812	5%
farmboy-boss	12,190,952,898	30%
ifarmgirl-leo	6,374,358,049	50%
hiq.witness	28,238,397,221	100%
bnb-hive	53,879,253,793	5%
leo.tasks	225,244,229	5%
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hiq.hive	21,329,470,452	100%
hiq.bee	1,146,353,410	100%
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hiq.pimp	2,010,519,149	100%

@hiq.smartbot · Nov 19 '22

HiQ Smart Bot says

<div class="pull-left">

<img src="https://i.imgur.com/VDg3S7W.gif"></a>

</div>

<div class="pull-right">

@kenechukwu97, the HiQ Smart Bot has recognized your request (1/5) and will start the voting trail.

In addition, @kenechukwu97 gets !PIZZA from @hiq.redaktion.

![](https://i.imgur.com/plMUJVK.png)

<sub>For further questions, check out https://hiq-hive.com or join our [Discord](https://discord.gg/25Fp5wBvQa). And don't forget to vote [HiQs fucking Witness!](https://vote.hive.uno/@hiq.witness) 😻</sub>

</div>

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@hivebuzz · Nov 15 '22

Congratulations @kenechukwu97! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@kenechukwu97/replies.png?202211151740"></td><td>You got more than 8000 replies.<br>Your next target is to reach 8250 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@kenechukwu97) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>

👍 kenechukwu97

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
kenechukwu97	0 B		4,129,024,381	42%

@kenechukwu97 · Nov 15 '22

$0.31

Buzzy Buzz. Thanks so much for the stats. Hehe.

👍 hiq, mary-me, quekery, smooms, hiq.redaktion, hiq.witness, hiq.hive, hiq.smartbot, hiq.magazine, hiq.shares

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voter	rshares	pct
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@hiq.smartbot · Nov 20 '22

HiQ Smart Bot says

<div class="pull-left">

<img src="https://i.imgur.com/VDg3S7W.gif"></a>

</div>

<div class="pull-right">

@kenechukwu97, the HiQ Smart Bot has recognized your request (3/5) and will start the voting trail.

In addition, @kenechukwu97 gets !PIZZA from @hiq.redaktion.

![](https://i.imgur.com/plMUJVK.png)

<sub>For further questions, check out https://hiq-hive.com or join our [Discord](https://discord.gg/25Fp5wBvQa). And don't forget to vote [HiQs fucking Witness!](https://vote.hive.uno/@hiq.witness) 😻</sub>

</div>

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@hivebuzz · Nov 17 '22

You're welcome @kenechukwu97! Have a nice day 😊👍<div><a href="https://engage.hivechain.app">![](https://i.imgur.com/XsrNmcl.png)</a></div>

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@kenechukwu97 · Nov 20 '22

!hiqvote

properties (22)

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@ifarmgirl-leo · Nov 16 '22

RE: Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space.

I suppose many learned their lessons well with these incidents. I cannot deny that I'm also keeping some amounts of crypto and stablecoins on some exchanges and I've started to withdraw them to my own wallet.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ifarmgirl-leo/re-kenechukwu97-5rywbr)

👍 kenechukwu97

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
kenechukwu97	0 B		3,707,091,445	31%

@kenechukwu97 · Nov 16 '22

$0.21

Yeah. That's really the case. Some people had to learn the hard way and it's a very sad way to learn, but those that still have their asset in Exchanges at the moment can take this opportunity to pull them out

👍 hiq, quekery, smooms, hiq.redaktion, hiq.witness, hiq.hive, hiq.smartbot, hiq.magazine, hiq.shares

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properties (23)vote details (9)

voter	rshares	pct
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hiq	288,262,423,411	50.92%
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@hiq.smartbot · Nov 20 '22

HiQ Smart Bot says

<div class="pull-left">

<img src="https://i.imgur.com/VDg3S7W.gif"></a>

</div>

<div class="pull-right">

@kenechukwu97, the HiQ Smart Bot has recognized your request (2/5) and will start the voting trail.

In addition, @kenechukwu97 gets !PIMP from @hiq.redaktion.

![](https://i.imgur.com/plMUJVK.png)

<sub>For further questions, check out https://hiq-hive.com or join our [Discord](https://discord.gg/25Fp5wBvQa). And don't forget to vote [HiQs fucking Witness!](https://vote.hive.uno/@hiq.witness) 😻</sub>

</div>

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1 reply

@ifarmgirl-leo · Nov 16 '22

RE: RE: Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space.

That's right. It's been said time and again that it is never good to put our assets in CEX. The chance to remove them is now indeed.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ifarmgirl-leo/re-kenechukwu97-6sm6yn)

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@kenechukwu97 · Nov 20 '22

!hiqvote

properties (22)

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@leogrowth · Nov 15 '22

RE: Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space.

Nice post! You just got a visit from the **[Leo's decentralized curation crew](https://leofinance.io/@leogrowth/curation-by-leo-finance-just-got-a-decentralized-flavor)** for making amazing content on Leo Finance 🦁💪

Today is **[Leo Power Up Day](https://leofinance.io/@leogrowth/lpud-is-coming-slay-the-dragon)**, don't forget to check the announcement!

![centersub.png](https://images.hive.blog/DQmawGXVNo6VFQNmYu8DsrVJ59nJdojxcE3qrz7j3bHfAhT/centersub.png)


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@leogrowth/re-kenechukwu97-6cmuad)

👍 kenechukwu97

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
kenechukwu97	0 B		2,377,720,243	24%

@kenechukwu97 · Nov 15 '22

$0.06

Ahaaa... Thanks so much for your massive support

👍 hiq, quekery, smooms, hiq.redaktion, hiq.witness, hiq.hive, hiq.smartbot, hiq.magazine, hiq.shares

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voter	rshares	pct
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hiq	87,406,661,303	15.35%
hiq.redaktion	6,390,670,693	15.35%
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@hiq.smartbot · Nov 19 '22

HiQ Smart Bot says

<div class="pull-left">

<img src="https://i.imgur.com/VDg3S7W.gif"></a>

</div>

<div class="pull-right">

@kenechukwu97, the HiQ Smart Bot has recognized your request (5/5) and will start the voting trail.

In addition, @kenechukwu97 gets !LOL from @hiq.redaktion.

![](https://i.imgur.com/plMUJVK.png)

<sub>For further questions, check out https://hiq-hive.com or join our [Discord](https://discord.gg/25Fp5wBvQa). And don't forget to vote [HiQs fucking Witness!](https://vote.hive.uno/@hiq.witness) 😻</sub>

</div>

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@pixresteemer · Nov 15 '22

<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 132 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-131-and-start-week-132) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>9</sub></center>

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@poshtoken · Nov 15 '22

https://twitter.com/948553115065823248/status/1592349977006964740
<sub> The rewards earned on this comment will go directly to the people( @kenechukwu97 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

properties (22)

@princessbusayo · Nov 15 '22

RE: Crypto Exchanges: The architects of a cruel sequence of events in the Crypto space.

Though we cannot blame those who have been affected by the FTX stuff but I don´t think it is always advisable to keep your assets, not even a little but huge in a centralized exchange when you know things like that cannot be trusted. The best is to find a more secure place because I don´t think I can afford to lose something like that. Fighting for my safety always. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@princessbusayo/re-kenechukwu97-4pgcfp)

👍 kenechukwu97

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
kenechukwu97	0 B		6,648,557,648	50%

@kenechukwu97 · Nov 15 '22

Exactly. We need to be in charge of our assets and it's left for us to keep them safe in the most possible way. Exchanges are good enough for trading, but using it as a wallet for HODLing Crypto is never a good idea

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@hiq.smartbot · Nov 19 '22

HiQ Smart Bot says

<<div class="pull-left">

<img src="https://i.imgur.com/VDg3S7W.gif"></a>

</div>

<div class="pull-right">

@kenechukwu97, the HiQ Smart Bot has recognized your request (4/5) but the daily limit has been reached or the mana is too low. Try again later.

As a consolation, @kenechukwu97 gets !PIZZA from @hiq.redaktion.

![](https://i.imgur.com/plMUJVK.png)

<sub>For further questions, check out https://hiq-hive.com or join our [Discord](https://discord.gg/25Fp5wBvQa). And don't forget to vote [HiQs fucking Witness!](https://vote.hive.uno/@hiq.witness) 😻</sub>

</div>

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@princessbusayo · Nov 15 '22

I only trade on exchanges and get out 😁

properties (22)