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RE: If You Are Still Using Poloniex Exchange Their New T&Cs Should Make You Think Again

in #poloniex7 years ago

Most of the comments to your wonderful post point to some variation of what I have said all along: avoid a single point of failure.

Cold storage. Multiple exchanges. Diversity of coins, diversity of solutions.

I still maintain that Bitcoin and Cryptocurrency can both potentially change your personal financial trajectory in the coming months; because of this, though, the attacks from all sorts of directions could possibly mean that a whole host of solutions could disappear.

Thanks for pointing this out. I have such a tiny share over on Polo that, if it did go under, I'd just scratch it off the list and move elsewhere.

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Yes exactly. Diversification is key.