There's not much else I can say about this other than the same old same old. But you know, every time something like this happens I still feel the need to be that scratched record that keeps repeating one particular line over and over again: Not your keys, not your crypto. Binance takes another step towards the Coinbase level of making crypto pointless. Seriously can someone explain to me the point of an asset that claims to be "revolutionary, non custodial and free from censorship" if even next to governments, banks and online payment institutions such as PayPal or credit cards, now even a fourth party can put you offside and walk away with your funds? Just think about it, this way crypto is literally the only asset on earth that has a fourth link and liability to you losing your funds. First the government needs to allow you to have control over your funds, second the bank has to allow you to store your funds, third MasterCard or PayPal have to allow you to send/receive funds which is under attack now btw at levels not seen before, and then it'll arrive in your centralized exchange who'll then confiscate it. That's like fighting against a military dictatorship and then voluntarily make Pinochet your head of state.🤡
Seriously the danger of the honeypot hacks of the exchange's wallets and even your personal account phishing hacks along with this new trend, made centralized exchanges the number one liability and should never be trusted by anyone to store or hold any of your funds. The hell with their "easy" staking/saving options, for goodness sake take the time to learn and understand the purpose of crypto. The actual exchanging there is fine I guess, I mean, I prefer not to, but even I sometimes scream in fear when seeing the UniSwap or 1Inch fees so I can understand if you'd opt for an offchain/centralized exchange to trade a few Euro worth of crypto. For now, DEXes are the future IMO. So if you have to use CEXes, keep your account empty with only some dust on it and only send crypto there only to exchange for another, and then immediately send it out again to your own wallet. And while we're on the topic, some centralized exchanges are trying to stay a step ahead of us regarding this as well and are storing and tracking the addresses you send your funds out from their exchange. So keep that in mind as well. I can't wait for the day the headlines read "Centralized exchange had no accounts to freeze after Washington's sanctions".
That's pretty much it for today I guess, bad days in the markets huh? Any weak hands out there? I actually put in some fiat into alts I was eying to decrease a while and now saw the chance. Hope the timing was right.😄