Don't believe everything you read: The top two posts in past 24 in r/cryptocurrency contradict each other.

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https://preview.redd.it/78ziv15qxme81.png?650&format=png&auto=webp&s=72cd379eb7fd2074abfb3dd5fa755bbd33e15bec

Yes, one celebrates self-custody, the other advocates relinquishing the control of one's assets to third parties. Both name Coinbase specifically. I personally think the second post is either by a simpleton or someone who benefits from custody of other people's assets.

If your funds get frozen, confiscated, hacked or stolen when you could have easily taken the custody of your assets by taking them to a hardwallet or a free reputable self-custody wallet then you have no one to blame but yourself. By holding your assets in single points of failure locations like bitfinex, kucoin, binance, coinbase which have been hacked in the past, you are creating an unnecessary risk for yourself and the whole cryptocommunity. A big hack negatively affects the network effect of bitcoin (look up metcalfe's law if you are not sure what that means), MtGox hack set back crypto adoption my many years, because may investors were taken out, many were scared to get invest in bitcoin, and negative news affected every aspect to the cryptocurrency adoption. When you leave your assets in an exchange you are creating a big pool of value for the hackers and the governments to target. Bitfinex hack was so big that the company had to tap into very creative (and illegal) methods to rescue itself. Many exchanges didn't recover from the hacks and they have gone under. I'm sure someone will compile a big list of such exchanges in the comments. It is not a matter of if but a matter of when there will be a huge hack of so called reputable exchanges.

Hackers and governments are motivated by different factors. Governments want control. Most hackers want money, but also a lot of hackers have a moral belief that altcoins are an attack on Bitcoin and they don't see anything wrong with stealing those to undermine them.

If you don't know how to self-custody you assets then you should learn it. The solution is not to relinquish control of your assets. For all we know the people who advocated holding assets on exchanges could be holding less than $100. Such small amount doesn't warrant conversation at all. If you believe in Crypto and hold a meaningful amount then you should self-custody. If you don't own a meaningful amount then why are you even here.

Please don't be stupid. You have no reason to your bitcoin on an exchange. You should only buy things that you believe will still be here in 10-20-30 years and hold them. You have no reason to sell an asset that you think will be more valuable in many years from now. When you know you will not sell for decades then you realize that self-custody is the only solution.

To those who say, "but I bought this NFT or a specifice pump/dump coin to just profit a little and move my assets to bitcoin after," I say "if you are a gambler and want to benefit from foolishness of other who come after you, you are self aware enough to know the risk you are taking and if you lose everything don't become bitter, jaded or jealous".

Ps. I am selling an NFT of this post to the loser smart investor who admits he/she is the greatest fool investor. Just send me your assets to 0X420definetlyNotAscam69haveAnAddressToAPictureThatEveryoneCanCopy. Also please buy my GetRichNowwCoin that is faster than the crypto that other hold because everyone knows that a google spreadsheet is faster and can hold more data than all cryptocurrency blockchanges put together. The auction to my google spreadsheet starts at $10,000 per square.