Motivating my crypto mentor

The FTX saga has taken down a lot more people in the crypto industry than I ever thought was possible. Twitter has been a mess and while the memes are funny as hell, the pain is real. A few days before the crash began an influencer I follow closer posted about the millions he had just put in FTX and now he has lost everything. Image source Asides from him, a close friend of mine who had lost over $30k last year from a hack on his Binance account also mentioned the losses he had acquired from the FTX crash. His situation was so sad because he had only recently accepted his losses and started to believe in the system once again, just to get hit again.

This got him questioning the legitimacy of crypto as a whole and it got me worried because of how much he preached the gospel of crypto to me 2 years ago. He happened to be one of the first people to even gift me some crypto to get my journey started.

His losses have set him back by a lot and there's almost no coming back from all these issues at this point but I had to do my bit to help him keep his head up at this point.

Centralised exchanges have always been known to be unsafe, however, finding the right decentralised system to trust is also tough. While I understand that losing money in a decentralised wallet is going to be twice as hard as losing money from a centralised wallet, finding the right exchange to trust is hard.

There are many questions surrounding what exchange to use and how to keep funds safe. While I feel somewhat safe with my funds here on Hive, my brother still had his metamask wallet compromised about a year ago.

I know this is just a trying phase for crypto folks but the fact has always been there "not your keys, not your wallet". I hope in time, everyone finds their foot in this space coz I can't deal with being a motivator in situations I don't entirely understand.

Thanks for reading

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