A common mantra here is not to keep everything on exchanges. However, the biggest losses last week occurred from coins in private wallets and staking

The situation with TERRA hurt a lot of people, but due to the speed of its decline, it appears the long term holders are the ones that got the most rekt.

I still have a small amount stuck in a staking pool. It has a few days till it will be available again, and of course it will be worthless by that point.

The common mantra is to store things off exchanges, but the truth is, if you had all your coins on exchanges set with stop losses, then you would be well ahead of everyone else after the crash.

Once again, this sub proves that it is not the greatest strategist if you have concerns over immediate losses.

I managed to offload most of my position in profit, but that tiny remaining amount is still locked. I had planned to hold it for at least two more years, regardless of market prices which is why it was staked. Of course this was a terrible decision in the end. My heart goes out to those who had everything staked and were unable to exist their positions in time.