Post
Topic
Board Bitcoin Discussion
Re: Can self-custody be something discouraging for new people in bitcoin?
by
Saint-loup
on 26/10/2024, 20:43:13 UTC
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.
Your friend seems to be very well conscious of himself and of its own faults, and you should respect his personality IMO. If he prefers trusting someone else for that, or a company why it matters. It's not without risks to hold funds yourself.