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.
Self-custody is the best approach for anyone who want to invest in Bitcoin. I dont see anything complicated in wallet use, its just that some people don't want to take responsiblities. They still have the choice of investing through third parties. But they should be willing to endue the consequences of thier choices.
Investors who lost thier investment in Mt. Gox in 2014 started recivieng repayment this year, while FTX customers where more fortunate after a court gave judgemnt for repayments after two years. Many others who put their money in centraised platfroms were not lucky enought to get thier money back after the firm went down. It is better to be your bank than to put your money in inevstors your know nothing about.