There is NOTHING in Cryptocurrency that is Too Big to Fail.

Just do remember ; " Not your Keys , and not even your Money " 

This is an ancient aphorism in the realm of cryptocurrencies, indicating that you cannot control your cryptocurrency holdings without the private key to your wallet. If you store your coins on an exchange, for example, the exchange will theoretically have ownership over them, and a shady transaction could result in their theft. -Not Your Keys , Not Your Coins is Real as shown in the FTX's collapse episode

The private keys to your currencies are held by the exchange, and your coins could be stolen in a hack if you leave them on an exchange. Obviously, actively traded crypto assets must be stored on an exchange; however, crypto assets that you do not intend to trade should not be stored on an exchange.

Safety and security are the primary concerns when dealing with and purchasing Bitcoin or other cryptocurrencies. The following are some important lessons learnt since recent Luna and FTX collapse in the Cryptocurrency World , whether you intend to purchase more crypto and hold for the long term, wish to trade often, are interested in anonymity or privacy, or simply to trade , You must consider the major risks your are taking : 

1. THERE ARE NO EXCLUSIONS WHEN IT COMES TO FAILURE.

Even the most successful businesses can encounter difficulties, like LUNA did (as is currently the case with FTX).

 It is crucial not to allow the overconfidence of others to influence your own beliefs.

2. AVOID NEEDLESS RISK

When we notice rattling signals in the realm of cryptocurrencies, there might be some high turbulence coming 

If there is even a remote possibility that an ETF exchange may fail, you must remove all of your funds immediately.

If you wish to avoid the chance of losing your tokens, it is to your advantage to withdraw and then re-deposit.

Please bring neither your keys nor your money.

This adage is solid counsel, despite the fact that it might sometimes sound trite.

You owe it to yourself to keep your cryptocurrencies on a Ledger or Trust wallet ( Mobile Edition Only ) if you want to sleep peacefully at night.

3. TAKE THE RESULT INTO ACCOUNT

When a black swan event such as this one occurs, it is crucial to evaluate how it will affect both the tokens involved and its affiliate and the industry as a whole.

You must participate in critical thinking in order to reevaluate your biases in light of events that shape the industry, such as these.

There are also positive repercussions for certain businesses and narratives that can be drawn from each collapse.

4. TAKE ACTION IMMEDIATELY.

When Similar scenarios to FTX and Luna case do happen again , or when you notice any that began to fail, there was an enormous potential to profit by shorting tokens impacted by the loss.

If something similar were to happen again, you should not sit around in disbelief.

Based on prevailing knowledge knowledge, you should adjust and modify your investment technique and conduct your transaction pragmatically.

5. CHECK FOR DEFICIENCIES

When we investigate a token or coin, we place excessive emphasis on its good financial and tokenomics qualities.

After you've asked the difficult questions, you should start looking for positives to balance out the negatives. Do indepth research where necessary 

6. CONSIDER INCREASING YOUR OPENNESS

Consider it a huge red flag if a project or business does not specify where their balance sheet and cash reserves are invested. This is a significant red flag. The DeFi database is searched for evidence of Treasury Reserves, CZ always ask for proof of Stakes 

7. Cash is King 

Always maintain a cash reserve so that you can seize opportunities when they occur.

Those that did so are now in a prime position to acquire assets at more tempting prices than before.

#Disclaimer Note :

The author has made every reasonable effort to be as accurate and complete as possible in the creation of this article and to ensure that the information provided is free from errors; however, the author/publisher/ reseller assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein and does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet. Any perceived slights of specific persons, peoples, or organizations are unintentional.

This publication is not intended for use as a source of any financial , money making ,political , military , medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial nor Military advice , Use with your own judgment