This is one key thing I've learnt over the years as a I invest both my time and money in cryptocurrencies. After checking out the Netflix documentary on the crypto exchange and investments gone wrong (Trust No One: Hunt For The Crypto King), I was simply just reminded that we really caution is a mandatory thing to be equipped with when dealing with cryptocurrencies and platforms using them. 

![img_0.4152022727782167.jpg](https://images.ecency.com/DQmZerR788kgyzmN5FoxDWRrDgFtYdt4ZbEGVe9Ycg8xNBs/img_0.4152022727782167.jpg)
[Image source](https://linguaholic.com/linguablog/to-err-on-the-side-of-caution-meaning/)

Well, I didn't think the documentary is a propaganda against cryptocurrencies as I initially guessed and maybe it just feels different to me especially because I've experienced some of these things already (losing money whwn an exchange stops operation and through HYIPs). However I think most people who have no idea what crypto is all about may have a different perspective which could include the fact that you could lose all your life savings of not cautious about what you invest in or where you store your money (they're not wrong but it's just a possibility).

Everyday in this space, I tend to watch single step I take, think twice and not get too comfortable with my actions. I mean, I've been doing this for years now, but as we know it, a simple click on a malicious link could be our doom so I'm really extra careful. On Hive for example, anything besides voting, commenting, powering up and saving, would warrant me to think twice before doing them particularly now that hackers can create very appealing phishing links that most newbies keep falling for.

Indulging in other aspects of crypto also requires so much caution and I'm talking NFTs, trading,  DeFi etc. Till the very moment of making this post, there are ongoing hacks and cybercrimes going on and these areas appear really tasty for 
criminals and fraudsters.  Extra care is needed especially because the identity of criminals are currently the most difficult to decipher in the cryptoverse and what is lost may never be recovered.

Finally, the documentary, is just a key reminder that when you don't have the keys to where you store your money, it's literally not yours unless given to you by the platform. This is the main reason why I don't store a dime on any exchange and I carry out my transactions on very reliable and open exchanges....and still, I'm very careful of my actions.

We can't be too careful out here dealing with cryptocurrencies. It's the safe haven for criminal masterminds, scammers and fraudsters so extra caution is a daily dose for anyone investing in cryptocurrencies.