that would be terrifying seeing such, even when it was a glitch. Seeing your asset in $0 that indeed can cause psychological effects. Through such event alot would learn that leaving or holding your asset in a cex account, is not a smart move and it's wrong. Most people actually leave their asset in a cex for trading purposes. While some leave their asset in exchange due to not having a proper knowledge about this space . At first I ones have such mindset of thinking that holding your coin in an exchange is safe till the event of FTX collapsing occurs. And other users here always emphasize on how is not safe to hold your coins in an cex account. This information is actually nice would make those that Are still holding in an exchange to be more cautious and should stop it ( expecially those that aren't trading) but holding, Dont forget not your key Not your Coin. 
Topic: "Funds are SAFU": Here we go again, but with Coinbase! - page 4. (Read 602 times)
that would be terrifying seeing such, even when it was a glitch. Seeing your asset in $0 that indeed can cause psychological effects. Through such event alot would learn that leaving or holding your asset in a cex account, is not a smart move and it's wrong. Most people actually leave their asset in a cex for trading purposes. While some leave their asset in exchange due to not having a proper knowledge about this space . At first I ones have such mindset of thinking that holding your coin in an exchange is safe till the event of FTX collapsing occurs. And other users here always emphasize on how is not safe to hold your coins in an cex account. This information is actually nice would make those that Are still holding in an exchange to be more cautious and should stop it ( expecially those that aren't trading) but holding, Dont forget not your key Not your Coin. 
This is more about an exchange which is Coinbase. This topic is better to be on exchange board.
I thought after FTX investors would have been wise to know not your key not your coin but its far from it, People continue to fall for CEX drama but at least we will just continue to speak the truth not your key not your coin, those who will listen will listen while the others will later accept it after being victimised Well at least they were lucky that it was just a glitch! I will never understand why normal people are keeping their coins in an exchange and not even in a software wallet. People who are not trading coins do not need to use an exchange. It is just ridiculous seeing people on X/Twitter having a mental breakdown over this even after hearing about "not your keys, not your coins" so many times.
One of the reasons is that some people do not know the difference between wallet and exchanges. Some people think exchanges are wallets. Some people have not heard not you key not your coin before. Yes it is bad to leave coins on exchanges. Another reason is that some people know about trading and they are trading with high amount of money. Some people are using the centralized exchanges P2P to trade also for money making.
This is more about an exchange which is Coinbase. This topic is better to be on exchange board.
Well at least they were lucky that it was just a glitch! I will never understand why normal people are keeping their coins in an exchange and not even in a software wallet. People who are not trading coins do not need to use an exchange. It is just ridiculous seeing people on X/Twitter having a mental breakdown over this even after hearing about "not your keys, not your coins" so many times.
One of the reasons is that some people do not know the difference between wallet and exchanges. Some people think exchanges are wallets. Some people have not heard not you key not your coin before. Yes it is bad to leave coins on exchanges. Another reason is that some people know about trading and they are trading with high amount of money. Some people are using the centralized exchanges P2P to trade also for money making. 
Panicking Coinbase users woke up today to find their bitcoin balances at $0 because of a technical glitch.
Source: https://www.msn.com/en-us/money/markets/bitcoin-s-price-surge-briefly-broke-coinbase/ar-BB1j4tNN
Well at least they were lucky that it was just a glitch! I will never understand why normal people are keeping their coins in an exchange and not even in a software wallet. People who are not trading coins do not need to use an exchange. It is just ridiculous seeing people on X/Twitter having a mental breakdown over this even after hearing about "not your keys, not your coins" so many times.
Source: https://www.msn.com/en-us/money/markets/bitcoin-s-price-surge-briefly-broke-coinbase/ar-BB1j4tNN
Well at least they were lucky that it was just a glitch! I will never understand why normal people are keeping their coins in an exchange and not even in a software wallet. People who are not trading coins do not need to use an exchange. It is just ridiculous seeing people on X/Twitter having a mental breakdown over this even after hearing about "not your keys, not your coins" so many times.
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