Quote from: Flyingjack123 on Today at 03:11:38 AM

Quote from: Ultegra134 on November 18, 2022, 07:32:09 PM

Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

people in general have all their lives been incodrinated into trusting banking systems as custodians. where they have had government insurance protections to ease their mind of distrust.

crypto however does not have these same government protections for crypto custodians. so its a education to teach people about self custody

the main problem is newbies getting into crypto for the first time were given sales pitches by other people they know in a short "get rich quick" scheme or told how bitcoin was secure but not really explaining the finer details of difference of fiat compared to crypto

finer details are simple
bitcoin. deflationary, more secure in self storage. not middleman custody
fiat. inflationary. more secure in banks not under your mattress