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I would never do it but I understand why people do. They're speculators and daytraders. And it's extremely inconvenient (and expensive) to move money out of wa
by timmytokyo 4y ago
I would never do it but I understand why people do. They're speculators and daytraders. And it's extremely inconvenient (and expensive) to move money out of wallets and into exchanges and back in order to make a trade. So people take short-cuts and just leave their money in the exchange accounts.
The problem with crypto evangelists is that they keep forgetting it's humans who use it.
- spaceman_2020 4y agoThe funny part is that the highest risk, most speculative trading strategies and instruments are available only on-chain (meme coins, high APR token farms, even decentralized margin trading platforms). These people took on risk, but not enough to warrant being on-chain, and in the process, lost it all. Weird place to be in - risky enough to lose it all, not risky enough to be completely speculative. Really in no man's land.