Post
Topic
Board Beginners & Help
Re: A little ignorance and you can lose all your holdings
by
Hypnosis00
on 06/03/2024, 21:05:57 UTC

I think people should get more educated about bitcoin even before teaching them to accumulate it cause if they are not careful they end up losing it and think about losing 8 years with of accumulated bitcoin just for a ignorant decision like this.


Well, I'm just wondering why for 8 years in crypto they never know what is the best thing to do in order to secure their funds. For that long, I don't think they are still a newbie and unaware of the market risk and hacking incidents. They are not ignorant, they are too unlucky to be a target of hackers because even old-timers sometimes make mistakes.

This is the reason why we should not store our money in one address but rather spread it. That scenario shows us how important is to not just set aside our fund's security but instead, make focus on it and ensure that it is safe at least 99%. Otherwise, we give these hackers easy access to our wallets.