If your only losses this year were due to the bear market, you’re one of the lucky ones, some people were not so lucky

I bet this year a lot of people would have preferred not to lose at all but if they were to lose they would have loved that their losses were only due to market downside or prolonged bear market, instead of falling victim to all these failed projects, crypto exchange and crypto lending firms, which their only crime was trusting these crypto firms and projects, especially LUNA that was one of the top ten cryptocurrencies at the beginning of the year and also a very promising project until it crashed, FTX had almost the same faith they were one of the most trusted and promising crypto exchange until they were caught with their pants down overleveraging their customer's money.

There are other unfortunate collapses, crash, and bankruptcy event so I do not blame anyone because it was not hard to fall victim to them and the painful things one way or the other all the unfortunate crash event and loss of money was linked or connected to LUNA or FTX if you doubt me you can do your own research and find out for yourself, but I will give my own examples below:

• Celsius, BlockFi, or Voyager (was connected to LUNA and FTX)
• UST (was the stablecoin for Terra LUNA)
• FTT (was the native token for FTX)
• Genesis Global Capital (was connected to FTX)
• Major DeFi hacks: Ronin, Wormhole, Nomad, Beanstalk
• Funds stuck on FTX after collapse and bankruptcy
• Binance unnecessary FUD (in my opinion is connected to FTX or SBF)

I'm very thankful, I was able to avoid every single one of these failed projects, crypto exchanges, and crypto lending firms. Because I keep my exposure low with altcoins right now by buying at these low prices, speaking of not falling victim to all the crash that has to happen from these failed projects, crypto exchanges and crypto lending firms, do you think we actually escaped all of them? Because if you think about it we were all affected by these events directly or indirectly, and all of these events lead to big dumps and huge sell-offs in the crypto market. So everyone was affected. It is advisable to move your coin to a self-custody wallet because Not Your Keys Not Your Crypto.

PLEASE FOLLOW ME ON:
Discord: onwugbenuvictor#3447
Twitter: @VictorOnwugbenu

Posted Using LeoFinance ^Beta