That's quite irresponsible. I wrote some advices the other day, and probably the very most important one is ... don't put more on binance than what you can afford to lose :-)
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That's quite irresponsible. I wrote some advices the other day, and probably the very most important one is ... don't put more on binance than what you can afford to lose :-)
Yes. Even though it's going pretty well now and is projected to do even better in the future, absolutely nothing is guaranteed. With any investing, you should only spend what you can afford to lose if it all goes to 0. That includes crypto.
In addition to the obvious risk that the value of investments may fall, there is also the risk of accounts getting hacked, exchange getting hacked, exchange going bankrupt, etc - potentially causing all holdings on binance to disappear.
Definitely! Don't put all of your crypto eggs in one digital basket. I would suggest people HODL lots of it in secure hardware wallets and only trade with a responsible percentage of their whole portfolio, and don't use just one exchange if you can avoid it.
Surely is a great advice @tobixen ! Will give it a serious thought !