Banks are not your friends, and neither are centralized platforms

Fuck the banks, right?

That's what cryptocurrencies are all about!

The idea of decentralized money is still so revolutionary that it's met with fierce hostility from governments and institutions for obvious reasons – they control the rules of the game and don't want it to change.

"Banks are robbing you"

"The FED is printing your savings away"

Although true, these statements are often used by scammers on the opposite side of the barricades as well with the same intension.

It may be hard to swallow, but with the current lack of regulation, every platform that holds your coins for you is potentially an elaborate scam.

This May, before Celsius blocked withdrawals, Alex made a case against self-custody:

"30% of all Bitcoin is lost because people listened to you and Bitcoin Maxis and kept their own keys. Celsius with over 150,000 BTC did not lose any bitcoins to lost wallets or hacks."

https://preview.redd.it/bolq7xlemjr91.jpg?743&format=pjpg&auto=webp&s=f1cd9887fcb5d97b4437850a3b672c73b41649e6

What Alex wasn't so vocal about was the fact that he kept withdrawing dozens of millions ahead of bankruptcy.

If you want to "fuck the banks," do it right! Only self- custody and do it right too, follow security rules to the letter.

TLDR: Beware of everyone who says "Other guys are robbing you – better give your money to me."