Post
Topic
Board Beginners & Help
Re: Safety first before accumulation, a lesson I learnt the hard way
by
Nheer
on 07/01/2024, 20:46:43 UTC
I was able to remember how I have lost some crypto assets to scammers because of my crypto wallet private keys revealing one way or the other, I still remember losing $300 worth of Bitcoin in 2018 and also something similar happened in 2020 and even 2022.

Repeating a mistake doesn’t make it a mistake again rather i see it as being careless, how would the same mistake keep repeating itself multiple times? If it does then you are just being careless and one would think maybe you derive joy from losing money and that’s why keep losing money almost every year. $300 is a huge amount that would make a person feel bad when lost and then you easily amend your ways and prevent further loss.

Every small $$$ was so damn important to me that I only care about buying Bitcoin, i ignored going for a hardware wallet, until I lost $2000 using a software wallet, this was so painful that I got mad and took out some money to purchase my first Hardware wallet, something that I should have bought right from the start.

That’s where people usually get it wrong, safety first before anything else but when money is involved they get blinded by it and forget everything else. The crypto world is full of scammers and they are always waiting for the slightest mistake and opportunity to scam people. Before investing choosing the best wallet and how to secure and store your private keys should be the first priority because when your assets are stolen there will nothing else to protect.