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.
Unless you keep a lot of cash or gold under your mattress, the reality is that the majority of the people out there have no experience being the ones completely responsible for the money they have, from this perspective this sounds like a weak excuse to refuse to learn anything new or take any risk, something they are within their rights to do, but that over the long term will be a very costly decision, since they will at some point remember that they could have gotten into bitcoin a lot earlier and they refused to do it over a weak excuse.