Should you panic when you hear FUD? 😨

Dozens of crypto exchanges have already collapsed, and tens of thousands of people have lost their savings. There is one question newbies keep asking: "Should I withdraw money when I see FUD in the news?" 🤔

Influencers often tell people to ignore FUD (Fear, Uncertainty, and Doubt), it's often written off as attempts by competitors to ruin the reputation of exchanges. But in reality, FUD is most often based on solid reasoning.

💁‍♀️ Let's say you see some alarming news about a crypto exchange (for example, HTX) and wonder whether you should withdraw your savings from it. In this case, just use this logic:

• Ask yourself what you will lose if you withdraw your funds immediately.

• Ask yourself what you will lose if you do nothing and the exchange goes bankrupt.

🤷‍♀️ It sounds very simple, and that's really how it is. Crypto is a market where paranoid people last a long time.

Always remember: If you're first out the door, that's not called panicking