To all the new hodlers that joined in the past couple years

I have been through multiple bull runs, anyone else who also has some time in the markets please put your input below. I think it is important to remind/inform people of this.

Do not, under any circumstances, stake your BTC on any exchange. I do not care how reputable they are. I don't care if Jesus Christ gives you a revelation to do it, just don't. Historically, exchanges have started offering decent APYs for staking BTC during bull runs when they are running low on supply to meet demand for perpetual contracts and OTC sales. This bull market will be VERY heavy in the OTC realm. If you stake your BTC, they will use it to either short BTC in a perpetual contract for another user or sell it OTC.

The APY (no matter how good it is) is not worth the risk. If you aren't going the hardware wallet route, do a little research for a good software wallet at least and self-custody. Please, I am begging. I have seen too many people miss the top and end up round tripping their bags, or the exchange collapses and they lose a considerable amount if not all of their crypto. FTX and Celsius are great examples of that.