When I say Get It All Out, I am not meaning screaming, or talking about it...Im referring to removing everything off of exchanges, and placing all currencies in wallets.
Why? Because we live in a world where, at any moment, we could be FTXed...and we may end up screaming about how much we lost.
I am sure that the FTX dude wasnt concerned with the money he stole, he was worried about being outed and if any of his shenanigans came to light, he would need a place to run to quickly...
Ive read a few articles that suggest he has run already to Argentina, but obviously that isnt easy to know at this time. He may be hiding in his grandmothers basement and his clone took the trip to Argentina to throw folks off his trail.
Whatever happened, and whatever will happen, just take care of your own crypto. Dont trust anyone with it, and move it only when needed.
For example, later today, I will be moving all of my staking coins off every platform, and moving them to my Trust Wallet until I find a really secure place to stake them...some of the coins can be staked in the Trust Wallet, so that is a good start.
As for the interest coins like Litecoin, Bitcoin, Doge, and others, they will be sent to a few different wallets where after a few weeks, I will be trading for Pesos. I will keep $100 worth of Bitcoin in TW, and $50 of Doge, and $250 in Litecoin, and a few hundred in a few other coins, to ride out this insanity, and hopefully get them back into interesting accounts later.
We all should be very careful what we do with our coins because they could mean our financial success in the future...and regardless, I have always said, 1 Doge = 1 Doge, and the same goes for all crypto... unfortunately folks like SBF see $$$ and cant understand that crypto is the future, when the fiat is gone.
Thanks for reading and have a great day...let me know your thoughts in the comments below.
Now That FTX is DEAD, Lets Get It ALL Out...
By CodyMac50 | MyCripticLife | 13 Nov 2022
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I'm Cody and will post about anything christian, crypto, and sometimes crazy...
I was involved with crypto since 2012, but left after homelessness entered my life. Now I am back, (since July of 2020) and ready to live this crypto life!
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