Post
Topic
Board Bitcoin Discussion
Re: Bitcoin increased my mental awareness
by
molsewid
on 21/01/2023, 16:56:01 UTC
...All day long!

I love how Bitcoin makes me think... all day long!

I have to admit, that after all, I think the whole point is to try to find the sweet spot. But for everything you do, you will always find yourself a new problem to cope with.

1. You must split your coins in 2-3 wallets, to avoid losing all your coins if they are all in one wallet. But then you don't know what types of wallets to use.
2. You find what wallets to use. But then you must decide which wallet will hold the keys to the address with the majority of your money.
3. Then, you realise you must have backups for all your wallets. But how many backups and what types of backups.
4. You make the backups for each wallet. But then you must find where to store the backups.
5. You find a place to store the backups. But then you are not sure if the backups are safe.

...And I keep repeating all the steps, again and again...

...All day long!
Bitcoin teaches you financial literacy as well I think. Since I started to know crypto, I also started to secure all my accounts like tightened my passwords, avoiding some website that can harm my device, clicking some links and other things. Many people losing their money and assets because of these things what I mean is, since I started to earn in crypto I am now aware on how things works in web and also bitcoin and other crypto teaches me to diversify my fufns in order for me to sleep peacefully knowing that if I can't avoid losses there will still some asset that will not be move.