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.
I think yes, it is something discouraging for some people, at the end we are talking about managing your own money and if you make a mistake you could potentially lose everything and usually there is no way to get it back. It's not something that everybody is willing to do. And I can understand this point of view, at the end bitcoin is not for everybody.