An Exchange Platform I Narrowly escape from.
I have been using this exchange platform for quite a year now and just last week it shows me the bad side, I initially use it just to check the price for Hive, but my brother who was the one that got me into it uses it for saving his cryptocurrency.
What happened
Has I mentioned just last week there was a big change or error that happened in the system where most wallets start having insane figures nobody understood what was going on in my wallet I got an increase of 83698...% on my assets and my was reading above 5million while others where having hundreds of millions reading in their account. Some people tried to withdraw the money and it worked out well for them, they got thousands of Naria few counted millions but my brother and I decided to leave it the way we saw it and it was not touched.
This Changes shooked my brother and I so we decided to keep it has a Screenshot and we checked were the money had surmch an impact mostly and it was on the WKD coin AKA Wakander inu the Hive also had some changes but the Wakander was the most affected among all of them. It turns out that I Wakander is Worth more than a BTC but before 1 Wakander is not up to 1 foodie token.
How I Escaped.
With all this Happened all around everyone wallet I decided to check my keychain mobile app if it has been affected too. Get to the keychain I saw that their was no changes on my price and on all of my Hive assets. With smiles 😊 I then told my brother
"Didn't I told you that one of the best way to keep Hive is keeping on the keychain and getting your own hive account? now look at what many of you are facing 😂 but am not part of it."
🏃
My initial plans for December.
Their has been big drop in this December on most of the Crypto Currency. So I decided to take a advantage of buying the dip. But who know if this Dip is going to last long like the way it was some years ago. So I decided to buy some DEC on Splinterlands. I use some of the DEC to buy cards. With the money on cards the value will not change easily and at the same time I will be able to enjoy playing the game and in fact make more money when I start renting the cards them out 😏. It was just a way to get myself out of the continuous dip and have some fun with Splinterlands. What do you think was that a Good idea 💡 I do you think hive will have being the best in keep the money 💲 i can make some more money by staking it?. Leave a comment about that, it will be fun to see other people opinion 😉.
The Idea I just talked about wasn't my first opinions has I was think of buying a crypto called AXS on the Binance platform and putting it on savings for the next 1months to make 110% APY.
This was on top of my mind since it could help pay some of my bills but not all of it.
What do you think 💭 should I have gone for it?
The Escape part
The plan on AXS will have made me lazy to post and do some things on the hive blog, so instead of buying the AXS on the other exchange and then start studying when to put the money when the value was low. I just bought USDT and sell it to hive and send it to my hive account which I have used some to power up and bought other tokens like Index, Dec, Bee, Chaos legion packs. But still, I was thinking I would have bought the crypto on the Roqqu platform. All that change when all those exchange wallets started reading insane figures and then the platform Roqqu close all sales still today. I can't swap, send, buy or sell the little crypto I have there. I was very lucky, but not my brother....he bought some hives and was planning to swap them to another cryptocurrency and still data he is still speaking to their costumer care.
I told him 4 months ago to get a official hive account but has usual he keeps ignoring my ideas
How the exchange app is doing now.
Still now if I try to try to withdraw I still get the error message. While some times you just see it loading with no stop.
Now I keep on thanking God for nor keeping the money on the Roqqu application.
what I think.
For what I have seen so far, by next year their will open up trading again.
Thanks for reading and hope you enjoy it.
Posted using LeoFinance Mobile
I agree, never keep crypto assets in an app because you do not own the keys so technically you do not own the crypto. I never hold large amounts of money in Coinbase or Uphold, I just use them to move assets around.
I only use them to check the price in my currency 🧐
This event will definitely teach my brother some lessons.