And that being said, how safe do you think it is? At this time?
There's no one right now that would keep their money or any other valuable underground. The world is now experiencing more earthquakes, more flooding and landslides and other natural disasters than in the past. Therefore even if you think that is a safe method these natural disasters may come and displace whatever is precious underground. There are hundreds of services that help people save their money for as long as they want and it will be safe. We cannot do without paying the fees. It is a must and that's what helps them to keep the business running.
Yes that's right. Currently, there are many safest money and gold storage services because in my opinion, in the past, people used underground storage because these storage services did not exist or were even far from home, so people had the idea of storing money and gold in the ground. However, as time goes by, this method is very rarely used, especially if you live in an area prone to natural disasters, of course this method is not very suitable for storing all the assets we own.
So those of us who invest in bitcoin are lucky because saving bitcoin is very easy, you only need to save the seed phrase. As long as you keep your seed phrase, your assets will remain safe. And what's interesting is that you can carry bitcoin storage anywhere, even in your trouser pocket. It's different if you store gold, you need a container to store it and it's difficult to carry it everywhere. However, in essence it all comes down to each individual storing money and gold underground, only you yourself know whether it is safe or not because this all depends on the area where you live. If you live in the highlands, maybe this kind of storage is safe.
Bitcoin doesn't just make storage easy, it makes it powerful. A few words in your pocket, and those assets are yours, anywhere you go. That's true mobility, true security, the kind of power tech brings us. But here's the thing, that power comes with a catch: that seed phrase is EVERYTHING. Lose that, and it's lights out on your holdings
So yes, the essence is still responsibility, no matter if you're storing under the floorboards or in the cloud. You gotta be the one who protects what's yours. Being a Bitcoin holder; there's fortune in that potential, but also a whole new brand of vigilance required. It's a new system, new rules, and we either rise to meet them or get left behind