Why should investors care?

[0t3p0t]

Nothing really is safe especially if we are talking about money. These platforms might guarantee the safety for a period of time but as time advances vulnerability would be inevitable and is natural. We should always ask ourselves if we really are ready to take the risks it may come along the way and should improvise our strategy so we can beat greed people and keep our funds safe just because we are aware of what we are doing.

[sampoerna]

Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.

Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.

I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.

And when talking about the Ethereum network, well, the pros and cons are always there and discussed. but what I consider regarding this one network is only about the fee which is indeed very fluctuating and can often increase very significantly.

[nakmantu99]

Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds.

Guarantee the safety of investor funds?
By bringing up safety you guarantee the value too as there is no such thing as safe funds that can turn to dust the next day, so which blockchain can guarantee that? If it comes to the blockchain being immutable then it's no novelty, we had that since Bitcoin was first born, the rest is just vaporware.

I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.

And when talking about the Ethereum network, well, the pros and cons are always there and discussed. but what I consider regarding this one network is only about the fee which is indeed very fluctuating and can often increase very significantly.

Choose a reputable exchange and you can do KYC there. I did KYC on binance and Kucoin, and so far my data is still safe. I have also never read any complaints from users about misuse of KYC data on binance and Kucoin, so I think it is safe to share personal data by filling out KYC there. Ethereum is the largest network even though the gas fee is expensive but it is safe in transactions, maybe for small investors like me it feels expensive but not for big investors with big money in their transactions.

[bitterguy28]

I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.

if we compare centralized vs decentralized i would bet on decentralized platforms being more safe and secure because you know you hold access to your assets and no one else can do anything with it without your permission but of course it can’t be completely safe if you are irresponsible and reckless there are still risks in using decentralized platforms that you should be ready to manage so that you don’t end up losing your money

with decentralized platforms, all responsibilities falls on your shoulders so you need to be equipped

[yhiaali3]

Personally, I do not trust the guarantee of the safety and security of investors' funds in any platform, whether centralized or decentralized. In my opinion, there is no such thing as a 100% guarantee.

Regardless of whether the platform is decentralized, there are many factors that can cause investors to lose their money, such as price fluctuations and collapse in some cases, as well as cases of hacking decentralized platforms due to some loopholes. These cases have already happened several times.

Therefore, in my opinion, even decentralized platforms do not provide full guarantees, but they are better than centralized platforms anyway.

[Z-tight]

I'm really not sure about it. I just think, no one can really guarantee the safety. whether it's centralized or decentralized. the difference is only in privacy and non-privacy, related to KYC or not, and no one can guarantee that KYC data will be completely safe. the rest, we ourselves must be really vigilant and careful when choosing a platform.

I believe op is talking about blockchains and crypto projects and not centralized or p2p services. It is true that you cannot be sure of how a service will handle your personal data and we have had numerous data leaks in the past.

The BTC network in itself is safe, but its users still have to protect their funds stored in their wallet.

[joniboini]

Choose a reputable exchange and you can do KYC there. I did KYC on binance and Kucoin, and so far my data is still safe. I have also never read any complaints from users about misuse of KYC data on binance and Kucoin, so I think it is safe to share personal data by filling out KYC there.

As always, the problem is that we can't verify anything at all. I used a service that was quite reputable in the past, they claim to have no logs policy and so on, but later found out that they keep logs and many things including personal information like phone number, etc. Some data were sold to third-parties for marketing purposes and I don't think they're the only ones who do that. But I'm not sure if OP is asking about this, since I don't think you can categorize exchange and Ethereum network/blockchain projects under the same umbrella. Maybe if they're related to each other like Binance and Binance DEX, but they're not that many as far as I'm aware.

As for blockchain networks, I think it's better to prepare for the worst even if quantum computers or advanced technologies still can't crack the algorithm properly (if ever). Especially if the network has few miners or validators which allows attackers to attack the network with a cheap cost. CMIIW.

[emmybd]

Investors should care because security and privacy is very important. I believe Ethereum is a very good project and it has a great future.

[Gita]

No platform can guarantee 100% security and safety.  Investors trade at their own risk.  Most people prefer to do KYC verification and prefer to use centralized exchanges instead of using decentralized exchanges.Ethereum is a good such platform.  But Ethereum is considered to be the greatest after Bitcoin in the Crypto space.

[Parzival204]

ethereum is still the best at the moment after btc. Maybe because the founder is open to the public and continues to improve the system in this coin, which makes it still popular with most investors.
ethereum's success in maintaining its market price cannot be separated from security which was promised. And maybe in the future this coin will continue to develop. Even though some people's perception is that they complain about the transaction prices on this network. However, this will not be a problem with the comfort and security in transactions that we get.

[Mr. Magkaisa]

As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.

Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.

For you to succeed in the bull market, even if we only use one strategy, we can succeed as holders or traders in this bull run that we are facing. In fact, when you use a lot of strategies, it will be complicated for us as holders and traders in this field.

I've tried this; in fact, the more I think of a strategy, the more the assets I hold in any exchange are in jeopardy, to be honest. So if it's just one or two without hassle, won't you be stressed in the end?

[Bobcrypto]

Decentralized platforms are non-profitable or don't generate revenue as centralized platforms so they lack development which means their security is not that good on the reality which is why many DEXes lost the user's fund due to the attacks. But decentralization allows us to keep the funds safe which is nothing but be your own bank so we can trust the funds are 100% secured when it's with us and that is the thing that investors should take from decentralization.

Yes, the Dex exchange are not as profitable as the CEX exchange, however both Centralized and decentralized exchanges sectors are open to security attacks. There were several hack attacks on many CEX exchanges which make it  unsafe for investors in term of security of funds.
A secure decentralized wallet is preferably better to keep funds than the Dex or CEX exchanges. Obviously, there has not been many cases of wallet hacks to the the best of my knowledge.

[libert19]

As the world shifts towards decentralization, the platforms that prioritize security and privacy will gain massive value with advanced protection for every transactions. obviously,
these platforms offers Peace of mind to investors seeking safe and secure digital finances.
Now, there are actually several blockchain platforms on the crypto space that has claimed to guarantee the security and safety of investors funds. Do you think all these platforms are leaving up these criteria of security, advanced protections etc. I have considered Etheruem as great a platform but not 100% certainty. Your thoughts.

You have a point however I think it depends on the majority you are looking at here. From my point of view it seems like people these days are actually less concerned about the privacy of their funds. This is because it seems that majority of people prefer to do KYC verifications and make use of centralised exchanges rather than make use of decentralised exchanges. This is also coupled with the fact that decentralised initiatives don't get much support like they should.

Look at this dex volumes: https://www.coingecko.com/en/exchanges/decentralized

Uniswap has over a billion dollar volume in last 24hrs, I think dexes are getting enough attention and personally too I prefer dexes since cexes started making kyc mandatory, I also find dexes convenient — no account needed, can trade any token.

As for Ethereum, it is actually a centralised network and for that reason I won't agree to the idea that it is a  decentralised network supporter per say. The biggest decentralised network in the crypto space is actually that of bitcoin.

How exactly you mean Ethereum is centralized?

[Mia Chloe]

For you to succeed in the bull market, even if we only use one strategy, we can succeed as holders or traders in this bull run that we are facing. In fact, when you use a lot of strategies, it will be complicated for us as holders and traders in this field.
I've tried this; in fact, the more I think of a strategy, the more the assets I hold in any exchange are in jeopardy, to be honest. So if it's just one or two without hassle, won't you be stressed in the end?

It actually depends on if you are Hodling or you are trading. For those trading you really don't need to care much about news  market strategies and various technical analysis out there. However for those that are into trading they a re very necessary to make sure that you get the most out of the capital you put in instead of losing to the market.

Infact in the case of trading you have to care much about news because of the volatile nature of the market so it's pretty much possible to get liquid very easily if you trade unknowningly against the news.

[Blaze]

It actually depends on if you are Hodling or you are trading. For those trading you really don't need to care much about news  market strategies and various technical analysis out there. However for those that are into trading they a re very necessary to make sure that you get the most out of the capital you put in instead of losing to the market.

Infact in the case of trading you have to care much about news because of the volatile nature of the market so it's pretty much possible to get liquid very easily if you trade unknowningly against the news.

That is why the decision to hodl or trade does rely on our respective strategies and objectives. In regard to the trading strategy, it is extremely important for all to always monitor the news so that we can contain the movements in the market. The information obtained in the last few days enhances revenues and reduce the probability of losing money.

It is true that fast movement in the market does demand following and attention to existing changes. As we keep abreast of the news, we improve our trading decisions and the stability of funds invested in the market.