Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.
May I ask, what's holding you back from investing in Bitcoin. If you know all this you're saying which is the basic knowledge a Bitcoin investors should know then why haven't you invested yet. Are you one of those peoples that want the buy everything at once. It'll be a complete waste of knowledge if you can give advice to people and give them reasons to buy Bitcoin but you haven't done so yourself. Start accumulating Bitcoin as little as you can and build you portfolio to the amount that you desire. Bitcoin mightn't be a 100% guaranteed investment but you can be sure that when the market starts rising and you own Bitcoin, you'll benefit from the inflow of money into the market.
So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?
If you still think owing Bitcoin in 2024 is a risk then you have a long way to go. It's not owning Bitcoin that is a risk. With the high rate of inflation that's making the fiats currency to lose its value, owning some Bitcoin is the best thing you can use to have an advantage against inflation. Its 2024 so calling Bitcoin a scam is kind of outdated because it has proven over the years that it can be a trusted investment. If you're still in doubt of Bitcoin just remember it had its ETF approved and the the U.S. Securities and Exchange Commission (SEC) won't approved something they consider to be a scam.