Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Can self-custody be something discouraging for new people in bitcoin?
by
Larreate.x
on 26/10/2024, 14:57:49 UTC
⭐ Merited by vapourminer (1)
Can self-custody be too difficult to practice by a crypto investor? Because I spoke to somebody about bitcoin and the person responded by saying that they are not too sure that they can trust their self to keep their investment safe because of their careless nature, and this got me thinking because can I call this person being very sincere or the person is just afraid to try.
Everyone should be in-charge and control of their bitcoin investment, and if somebody knows that they cannot practice self custody then I don't believe that bitcoin should be what they are investing in because it is simply not safe for someone else to be helping you manage your investments in bitcoin.
Honestly, why jump straight into total self-custody? It’s way better to take it easy and go step by step. Start with the basics, get a solid grip on security, and have some support at the beginning. This way, you can ease into it, build your confidence, and avoid risking everything all at once.