Quote from: Mubashir005 on December 19, 2023, 11:02:25 PM

Quote from: lombok on December 11, 2023, 11:49:41 AM

In my opinion, crypto cannot be hacked as long as we understand and know how to store Bitcoin assets correctly. Most hack cases are due to the user's own negligence.

Bitcoin is about accuracy, thoroughness and our own management of it. We are the bank itself. So, sending and storing errors are borne by ourselves, unlike the bank, if something goes wrong with the customer's funds, it is the bank's fault and the bank is responsible for it.

I totally agree with you, When it comes to cryptocurrencies like Bitcoin, the responsibility lies with us as users to ensure the security of our assets. It's all about being accurate, thorough, and taking the necessary steps to store and send Bitcoin correctly. Unlike traditional banks, where the responsibility lies with them, with Bitcoin, we become our own bank. This means that any errors in sending or storing Bitcoin are solely our responsibility. It's crucial to be diligent and well-informed to minimize the risks and keep our assets safe. Thanks!

Be careless with your Bitcoin and you lose everything. One can be careless with their passcodes being seen by another or stolen by another entirely, and by losing it entirely. If it is a custodial arrangement, that ends it all, which is why we must know that we have a core responsibility to safeguard our wallet as it is not a custodial approach that we can be recovered for us or a bank account that is always being looked after for us. I love it when people duplicate their passcodes in paper and put them away where no one can see them, especially among our vital documents, but well-coded in case someone still gets to see them one way or the other. Also, all the 2FAs must be done on different gadgets if it is the custodial approach we are talking about.

But all that is in one category, the other which you guys didn't talk about and that I fear so much about is the way the market fluctuates in value. I fear this so much when it comes to the bearish season. Once everyone knows this bearish time, I think it will be safer for them to keep the value of their Bitcoin as they will know the time to opt-in and opt-out. This is what I call a smart investment, it will not let your coins amount to less when you actually need them.