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RE: Bitcoin (BTC) Update: We are VERY CLOSE to a wave (v) of 5 of III top! What to do? This is what I'm doing...read the blog.
I don't think the exchanges are at risk. Remember, after wave IV correction another massive wave V rally up is expected. That's when my dry powder buys in again.
After several bitcoin exchanges have gone under they can't be fully trusted. I will only use a couple of exchanges and then never leave funds on them. It's nothing to do with now bitcoin etc performs it's the fact that crypto was invented to empower people to control their own money without the control of trusted third parties. If you leave crypto on an exchange and 'trust' an exchange to look after it for you, you have no control and may as well keep it in the bank.
Good point.