The one thing that constantly annoys me with bitcoin, and pretty much all cryptocurrencies is that people will always use a 3rd party to store them.
How stupid? People hate banks, they want to get away, only to summon into existence crypto banks. How silly can that be?
People need to be more responsible with their money.
Agree with you with the exception that for some people, they like trading other altcoins so they keep a portion on hand to trade those.
However, if a person thinks that safety is guaranteed at an exchange, they're crazy. We can easily lose, so I warn people to avoid keeping all eggs in one basket.
It's nothing wrong with trading, and keeping a small tradeable % in an exchange.
But when I see people using exchanges as banks, some guy wired 1 million $ to an exchange, and left it there after seeing how much "safety" the exchange guaranteed, I mean: 2FA auth, HTTPS, e-mail confirm on withdrawal... Wow that must be ultra safe, what could go wrong?
Just ask all the exchanges that used the same security protocol and still got hacked.