Post
Topic
Board Bitcoin Discussion
Re: Can self-custody be something discouraging for new people in bitcoin?
by
alastantiger
on 26/10/2024, 21:58:48 UTC
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.

It's not safe for anyone to be managing your investments in anything and not just Bitcoin. People managing your investments are making money from you and you're not getting a fair share of the profits that they're getting. Haven't you noticed that any company incharge of managing people investment are always worth millions of dollars and this is because they have access to the money and they can use it to do other investments without you knowing to make more money for their company and not you. Bitcoin teaches you how to be incharge hence it's something that everybody can do. People thinking they can't handle Bitcoin are forgetting that the can hodl Bitcoin in a paper wallet and forget about it for some years but they have to keep the private key to the wallet in a safe place so they won't forget and as far people don't know they're into Bitcoin, it's safe by keeping the private key written out.in a safe.