Quote from: HajiBagi on October 10, 2024, 08:50:58 AM

Quote from: Hatchy on October 09, 2024, 10:55:41 AM

Just known that whatever means you choose to save you money with, it should be well secured. We have heard of many Bitcoin wallets hack here on the forum. But just because we haven't seen one and don't pray for such, doesn't mean its not possible with Bitcoin. Make sure to keep your keys safe and away from the reach of others and the internet. Again. You can diversify your savings into two.nits even better that way so if one goes wrong, you can have something to fall back on. If you choose banks in Nigeria for savings then make sure you use those standard banks that have big branchs and head offices here in the country.. if it's crypto then keep your keys safe. Just remember anything if possible when it comes to hacking or losing of funds. But that's not our portion..

I agree with you, There's no anywhere you can save your money and that place can't be hacked, even can be hacked, the only thing we should pray for is not to overcome such things, talking about buying Bitcoin instead of saving money in the bank, it is good to invest the money you are not going to use or the money you will not touch even when you have a problem in bitcoin but it is all the same as banks, the only different is that when you buy bitcoin and you hold for a long time you are going to make a good profit if the price is Rise but thinking that the banks are not safe or wallet is much safe than bank I don't believe that.

Both wallets and banks have advantages and disadvantages, we all know that banks sometimes have some things that are annoying and they have many excuses, but I believe if a bank is hacked and all the money in the bank is stole that doesn't affect those who have money in the bank, the bank will be the one to be responsible for that and I believe the bank can handle the issue, if a wallet got hack and your bitcoin they steal your bitcoin I don't think you can get it back and you can't hold anybody responsible for it.

Anything we do has danger, but we may reduce our risk by securing our password and preventing scammers from accessing it and hacking our wallets. Saving money in a bank account will not raise your money until you invest with the bank and place it in a fixed account where you cannot touch the funds until the date you specify, at which point you can touch it and receive your interest. And if the funds are not large, you can't receive huge profits, but the ideal thing is to invest in bitcoin because these days, everyone is finding how is money will double and that is only bitcoin that can help you out that can minimize your risk and get profit, because other coin like meme are high risk and you can lose all your funds because you can't predict them. Is not like bitcoin because bitcoin don't decrease dippy like other coins that don't have value.

Bitcoin is the best coin that will not cause you to lose all of your funds, and if you are patient enough, you will not see any losses because if you invest and leave it for 5 to 6 years, he should have increased and you will profit, even if he does not reach your investment capital. Wallet is the most important consideration before beginning your investment since there are many hackers on the Internet. If you do not obtain a better wallet and secure your passphrase and bitcoin, you will undoubtedly regret it because many people lose their coins in wallets after hacking their accounts. Let us continue to invest in bitcoin while keeping our key phase secure. as how we secure our funds that know one will no how much you get except you told them.