Post
Topic
Board Bitcoin Discussion
Re: Can self-custody be something discouraging for new people in bitcoin?
by
ancafe
on 27/10/2024, 04:45:49 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.
The level of security in maintaining investment must be based on the ability of each individual in managing and that must be a basic concern before everything goes further. People will never care how we save bitcoin in a place that is much safer or not and people never want to know how our involvement is bitcoin has gone through a right or wrong process. So every decision regarding investment must be carefully thought out and regarding the level of security of the asset will be an custody of itself that needs to be maintained.

Generally people will learn from mistakes that have been made but if they talk about assets that involve a lot of money, it should be more selective and not let something unwanted. Security priority is very important because it must be done in the right way and not left to run so.