During this current period of low-drama, please remember to move coins from exchanges to your wallet

Just a friendly reminder, during times of high-drama when exchanges are going bankrupt due to liquidity and withdrawls are blocked, people are running for the hills trying to move their Bitcoin off the exchanges to a cold wallet. This is a reminder that we're currently in a short low-drama valley. No new exchanges are going bankrupt after the news of FTX, Genesis and BlockFi. You have a period of respite from the drama.

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So regardless of what exchange you're on, move a small amount off the exchange to cold storage. This is about risk management, not conspiracy theories. Keep only an amount on exchanges that you willing to lose completely.

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The time to act is not when the rumours of liquidity start surfacing. By then, you've already lost it and bankruptcies are just a formality at that point (ie. Celsius, Voyager, etc). Even safe exchanges like Coinbase and Gemini should be considered risky since you don't have personal ownership over your coins.

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Bitcoin, and all crypto, is a highly volatile and risky asset class. No one should be putting their life savings into this asset. Nor should you be treating this asset like a regulated and legally protected entity. Moving your crypto assets to cold storage help mitigate the risks associated with such an unregulated currency. At least then, you are protected by actually owning what you purchased/mined/earned.