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[johntatore]

hi all, I own a large amount of ether, dogecoin and USDT. Given the recent developments in Bitcoin and FTX, I am really afraid that I may lose all my hard-earned cash. I think I should liquidate and withdraw everything into fiat. What should I do?

Given that FTX was the 2nd largest crypto exchange and it can end so abruptly and easily, I think I should really be careful with my money..

 

[Japhnet]

I used to be an Eth and a doge holder. I receive massive profit from Eth which was twice my capital and doge did 3.5 times my capital too. Usdt is a stable coin and i believe that you may receive a good APY for staking it.

 

[Gamer01]

Usdt is just good for having stability it would never provide one with an stable earning and that is why one must make sure that they invest in the multiple crypto so that they can have a medium growth for their portfolio indeed .

 

[Bango]

Yes, this market has a lot of risk and if you have a lot of money, you should be prepared for any eventuality. It is not the first time that the price of Bitcoin has fallen. Although I believe you will always profit in the long run and the price of Bitcoin is rising as you can see right now. It is important not to put all your capital in one basket. This is the only thing I can recommend. Everyone is responsible for his own life

 

[Riberet19]

Yes, this market has a lot of risk and if you have a lot of money, you should be prepared for any eventuality. It is not the first time that the price of Bitcoin has fallen. Although I believe you will always profit in the long run and the price of Bitcoin is rising as you can see right now. It is important not to put all your capital in one basket. This is the only thing I can recommend. Everyone is responsible for his own life

In my case, my capital in crypto I try to keep it diversified among the first 20 cryptos by market cap, deciding which one I like more according to its fundamentals and characteristics (also monero although it is outside the top 20) one must know what the risks of this market are and be prepared, if you put more money than you can afford you will suffer, this market is for those who have more risk appetite

 

[gammarays]

As to being careful about crypto, there's an uncertainty hovering around crypto in general. You might wake up one morning to discover that this or that collapse or shut down. Try to hold your crypto in hardware wallet as it's the safest.

 

[Yohanna]

My candid advice: it's crucial to understand that investing in cryptocurrency comes with a lot of risk and it is mandatory to invest an amount that you can afford to risk into cryptocurrency. In actuality, investing all your hard-earned money into crypto is not advisable.

 

[IB DD]

What I do is to make sure that I keep all my crypto holdings in secure wallets. Crypto exchanges are mainly for trading and not for keeping crypto. Just keep the amount you want to actively use to trade in exchanges and withdraw the rest to Trust Wallet or any other custodial wallet.

 

[cmoneyspinner]

I have absolutely no interest in dogecoin, baby doge, shiba inu, etc. There are too many other crypto coins with long-term potential that I have my eye on. But other people seem to think these coins have value. I think they're worthless. It's just my opinion and of course, I could be wrong.

 

[BaleegNajar]

It's understandable to have concerns given the volatile nature of the crypto market and recent events. It's essential to consider your risk tolerance and financial goals. If you're feeling uneasy, it may be prudent to diversify your holdings, possibly converting some into more stable assets like fiat. However, always consult with a financial advisor or do thorough research before making such decisions to ensure they align with your long-term financial strategy. Your peace of mind is valuable.

 

[Gamer01]

nothing is going to happen because they were a fraudulent company and all these issues crypto coins are perfectly owned by blockchain just is via not decentralized but an exchange can not effect the markets so much easily indeed .

 

[btaliat]

USDT is stable and should be chosen. Dogecoin has really lost its relevance. Most memecoins that were trending then have lost their relevance. Most people that want to save their money always prefer USDT.