Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Odusko
on 10/08/2023, 18:19:39 UTC
⭐ Merited by JayJuanGee (1)
have issues, and sometimes there may well be needs to change wallets or even vulnerabilities are discovered, and best practices are not even easy to learn and/or to follow, even for people who are active in Bitcoin and relatively smart... and probably, we are going to find either a lot of people dying with their bitcoin or the instructions for heirs to be difficult to figure out.. and on the other hand, some of the leaving instructions for heirs can end up in coins being transferred to people who might not deserve them, but some of us might end up trusting too many heirs or the wrong heirs or even get a bit sloppy in an attempted inheritance process that results in undeserving people with our coins.. and I am not even claiming to know the solution or even to have ways that even smart people can end up getting tricked out of their coins, which could even cause more incentives for some people to choose to just die with their coins.
Vulnerability is one of the biggest issues facing us as Bitcoin custodians and how best to transfer our Bitcoin holdings to the next of kids, we have a lot of security issues in the custody of our Bitcoin, and every time one needs a lot of knowledge to be able to stay above the various challenges that may come along while we safe keep our bitcoins, starch because the security of our wallets are much more important than making gains or profits on the long term since there is no need to accumulate Bitcoin in a wallet that you may lose control or does not have control over.

Aside from the fact that we need a concise meeting point as to when the right time to buy bitcoin or increase our current bitcoin holding, that same point should also be considered for how strengthen is our wallets and how secure is our bitcoin balance.