But they would never think about that when they are accumulating for long term since they are not dealing with more bigger risk since by using DCA it eliminates what they have worried since at anytime they can set up their buy orders especially if they understand on to make everything work according to their plans set. People just need to be patience and stick on their target so that everything will goes well on their long term journey with Bitcoin.
The concept is not like that buddy because even though we do it with DCA, it doesn't mean we don't think about risk because in the end, regardless of the method, risk still exists, especially when talking about where we invest. Bitcoin is one of the risky aspects of investment and we must be prepared for all possibilities including loss if we really want to be here.
So whatever we take in terms of strategy in accumulating bitcoin whether it's DCA or buy on the dip or even lump sum everything has a risk in the end.
So that we cannot let go of the word risk from the investments we make so that in the end we realize that being in bitcoin is not as comfortable as thought because even though we will get good things when our goals are achieved but in the end all the risks are clearly very present and we must be prepared with all of that.
Yes, investing in bitcoin will certainly not be free from risks. Because in essence there is no investment asset in the world that does not have risk. So we really have to be aware of this and prepare ways to overcome or minimize possible risks that might occur. Just like in Bitcoin, there are many ways to minimize possible risks that might occur. Like
. Study the bitcoin cycle itself.- Only use cold hard cash to invest(discretionary income).
- Determine a purchasing method that suits your financial situation (such as DCA).
I think with these 3 factors we can minimize the risks that might occur when we invest in bitcoin. Apart from that, talking about DCA, it is true that this purchasing method does not guarantee 100% that we will avoid risks. But this DCA purchasing method only makes us more organized and consistent when buying bitcoin. So basically whatever purchasing strategy is used for bitcoin investment, everything will still have risks. But as I said above, we only minimize it and will never be able to eliminate risk. So the point is to invest according to the risk you are able to face.
All what you said here is very much ok too me here except the statement i made bold in your write up, which is
studying the Bitcoin cycle itself.I really don't think it's necessary to be studying the Bitcoin cycle if you are a long term holder, ok after studying it, and knows how the Bitcoin price behaves in every four years, do you think that it's best to be selling in that period? No.
As a long term holder that have the intention of building a generational wealth overtime, selling your Bitcoin holdings during that time can't have a significant impact on your financial status for ever because you are actually sell for minimal gains which is what traders do, that wouldn't have much impact in their financial status.
Or you don't have the intention of selling it then, so what the benefits of studying Bitcoin cycle, it may have on your holdings on the longer run?
All other risk factor you made mentioned is very much ok too me, but this one here is what I think that it's not necessary, unless you just want to get the knowledge, but I sees no benefit it might have in your holding on the longer run, rather it might tempt you to sell off during the bull run.
You're right. Dedicating oneself to studying the bitcoin circle shows how ready you are to sell your bitcoin at every snap of fate. This is why it is usually advised that you invest all time without checking the market.
Regular checks on bitcoin value will make you want to sell it off whenever you feel the market is favourable.
Except for the knowledge, there's no much gain about studying the cycle. While buying bitcoin, avoid regular checks to avoid waking up one day to an empty bitcoin wallet.[/list]
I don't have any problem with the proposed idea of studying the bitcoin cycle, even if any of us might be beginner investors and in our first cycle of investing and accumulating bitcoin, I still see no problem with studying the cycle - especially since we may well recognize and appreciate that a likely most important behavior is acting to buy bitcoin on a regular, persistent, consistent and perhaps even aggressive way, yet it is hard to imagine how anyone can gain confidence to become aggressive in bitcoin investing (buying on a regular basis) without ongoingly attempts at studying bitcoin.. .. and yeah, knowing about bitcoin versus other aspects of your own finances and psychology is ONLY one of the
9 factors that any investor should be attempting to account and learn about.
We may well be forced to be somewhat (or even quite) whimpy in our level of investment into bitcoin if we do not study and get familiar with our 9 factors, which includes figuring out what is bitcoin as compared with other investments that we could make, and surely I frequently suggest that normies (everyone really) get started in bitcoin as soon as possible, yet I would not suggest anyone start to get involved aggressively in bitcoin without figuring out what it is or why it is important, and surely it can take time to figure out these kinds of matters, and perhaps even after many many years of studying bitcoin, many (if not most) folks are likely ONLY going to know certain superficial aspects of bitcoin, which still should not necessarily stop them from continuing to invest into bitcoin and/or to choose their bitcoin allocation level and for sure to have to be completely responsible for their own choices in regards to whether to invest into bitcoin and if so how much... which for me continues to be get started investing sooner rather than later into bitcoin and each of us has to figure out the other further details in regards to how to particularize the details of such investment to our own individual circumstances... No one is going to save us (or perhaps even give any shits) if we end up screwing up our own BTC allocation choices.
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For me I feel most persons did not refuse to buy bitcoin at that early stage, refusing to buy is like saying you know the potentials Bitcoin has and you don't want to buy it or have a possession of it, so but I think they were ignorant of how valuable Bitcoin will be in the next 10 to 15 years, hence their ignorance to have invested in Bitcoin in those early years, which for me I think is pardonable reasons being that, when a particular product is coming out for the first time in a market, speculation are always there if it has the potentials to stay for a long time or not, but refusing to invest in Bitcoin after seeing the potentials of Bitcoin, is what I think is not pardonable, because at that point you have no excuse to make especially if you have the capital to invest.
hahahahahaha ...
Very funny, Spaceman1000$ ..
You are making a very good point. I surely can excuse people for touching upon bitcoin one or two times in the past and not taking action to buy it, yet it likely becomes more and more important that guys need to look into bitcoin and the more that they hear about it and fail to either look into it or start to buy, then it becomes more and more foolish.. and perhaps even irritating when some of us (already bitcoiners) are suggesting that they cannot go back to yesterday, and they need to start from today. Get started investing.. it is not too late.
Many many times there are so many folks who will look back at history and they will say, "I should have had listened to you and invested in bitcoin back when you told me about it earlier (yesterday)"... .and many of us will say, well we are still in the same situation today, so get the fuck started as soon as possible, and they never end up getting started.. so the situation tends to keep occurring over and over and over for so many folks who fail/refuse to act sufficiently or even at all.
We cannot save normies from themselves, who fail/refuse to recognize and appreciate that the best time to invest into bitcoin was yesterday (and we cannot go back to yesterday), and so therefore, the second best time to invest into bitcoin is today..... so the better (if not the best) course of action is to get started investing into bitcoin as soon as possible rather than either doing nothing or waiting, yet so many people will continue to choose to wait or do nothing rather than getting started.
I vehemently agree with you, with the rapid growth of Bitcoin every wise investor who hasn't invested in it ought to start investing now as Bitcoin will be more capital intensive within a short period from now.
Those who won't hop on now will regret it later.
In less than a decade, we will have much more to see and witness on the stage of bigger players working and accumulating Bitcoin - and that's great.
It is true what you say, yet at the same time, I did a quickie look back at your post history, and I see that you have a pattern of posting short and superficial quips.
It would be nice if you (and other similarly situated forum members) figured out ways to respond with more substance in your post and perhaps even if you were to describe some of your own experiences to the extent that you might not be a bad example and that you might be more than a bot or a merit-fishing spammer.
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There is no knowledge that is a waste as it concern Bitcoin and by that I mean that having full grasp of the Bitcoin cycle is not a waste and can be used to the advantage pf the investor. It is not always about selling that they knowledge of the market cycle is important. For instance, knowing the market cycle will enable the investor to know the period to buy using the lump sum method even though he might be using the DCA method for the rest of the season. In other words, when the investor know that we are fully in bear season, then he can adopt hybrid method of the DCA method and aggressive lump sum or buying the dip at certain levels to take full advantage of the bear market While using the DCA method and buying all the way up until the bull season.
This is a method that have been tested and proven to be effective although not many people understand its application but the point is that understanding the market cycle helps one know when to be more aggressive with buying Bitcoin because that is the point in which more Bitcoin can be gotten at lower prices. [/list]
I don't completely agree with you, since sometimes newbies can overplay their attempts at timing ups and downs in the market, so likely they should be erroring on the side of buying no matter what, yet it still probably does not hurt to also attempt to figure out ways to learn more about the market, even if in the beginning (perhaps first whole cycle or even two cycles), the newbie might be best to just keep buying no matter what... .. but surely, even a beginner might figure out ways to better organize his own finances and psychology along with learning more about bitcoin price movements to strategize ways to increase odds of accumulating more bitcoin to the extent that looking at BTC price movements might be more helpful than either increasing their income and/or decreasing their expenses... so in some sense, there could come way more utility if a person might figure out how to spend 10 hours more per week engaging in activity that might result in $100 to $1k per week in more income... or fewer expenses rather than trying to time the market.. yet at the same time, these are not all or nothing propositions, since when we are into bitcoin, there are likely great ways that we can end up learning a lot of new things at the same time.. ..especially honing in on our
9 individual factors.
Yes, investing in bitcoin will certainly not be free from risks. Because in essence there is no investment asset in the world that does not have risk. So we really have to be aware of this and prepare ways to overcome or minimize possible risks that might occur. Just like in Bitcoin, there are many ways to minimize possible risks that might occur. Like
- Study the bitcoin cycle itself.
- Only use cold hard cash to invest(discretionary income).
- Determine a purchasing method that suits your financial situation (such as DCA).
I think with these 3 factors we can minimize the risks that might occur when we invest in bitcoin. Apart from that, talking about DCA, it is true that this purchasing method does not guarantee 100% that we will avoid risks. But this DCA purchasing method only makes us more organized and consistent when buying bitcoin. So basically whatever purchasing strategy is used for bitcoin investment, everything will still have risks. But as I said above, we only minimize it and will never be able to eliminate risk. So the point is to invest according to the risk you are able to face.
Yes i completely agree with you because you have pointed out whats more important for an investor to know if they want to reduce the risk in their investment. The meaning of the term investment cannot be changed. It still remains that there is no investment without risk. What can be done is to mitigate the risk so that we will make profit at the end of the day.
Frequently, risk is best mitigated by position size, so each of us should be able to figure out what might be an adequate position size to make us feel good and balanced in regards to how much of a stake (or not) that we have in any given asset.
So an overwhelming majority of the world's population believe that they are mitigating their bitcoin risk by failing/refusing to take a position, which surely many of us bitcoiners recognize and appreciate that no bitcoin or low quantities of bitcoin is likely a way greater risk than having some bitcoin... so the questions about bitcoin for anyone should be about how much bitcoin to have rather than whether to have any bitcoin...so in reality, many many normies get the question wrong because they believe that there is a question about whether to have any bitcoin, and instead they should be trying to figure out how many bitcoin to have rather than whether to have any bitcoin... but hey, whatever, if normies continue to fail/refuse to allocate into bitcoin, they will get bitcoin at the price they deserve...which is likely going to continue to get higher rather than providing "bargain" opportunities for entrance.
No investment is 100% safe. All have their pros and con. The strategy for an investor to choose all depends on what they want. Whether they want to play it safe by reducing risk or go harder with high risk.
Sure.. folks do tend to have differing risk tolerances, and sometimes if they are not used to investing into anything, they have to figure out how to get started.. so there can be a bit of time-dedication that is needed for anyone when they might be adding some kind of a new investment into their lives...which frequently will merely help a lot of folks to start out slowly and/or engage in some other practices in their lives so that they can provide some space to add the new investment into their choices of how to spend their time, energies and value..
For me I feel most persons did not refuse to buy bitcoin at that early stage, refusing to buy is like saying you know the potentials Bitcoin has and you don't want to buy it or have a possession of it, so but I think they were ignorant of how valuable Bitcoin will be in the next 10 to 15 years, hence their ignorance to have invested in Bitcoin in those early years, which for me I think is pardonable reasons being that, when a particular product is coming out for the first time in a market, speculation are always there if it has the potentials to stay for a long time or not, but refusing to invest in Bitcoin after seeing the potentials of Bitcoin, is what I think is not pardonable, because at that point you have no excuse to make especially if you have the capital to invest.
How do you mean or what do you mean by most person did not refuse to buy bitcoin at the early stage. however, i doubt if any of those investors who invested in bitcoin back then knew for sure that bitcoin is going to be this valuable but i guess they were just interested in buying and holding maybe because there instinct told them to..., because if they knew it will be this valuable most of those investor or if not all of them would have hold more than what they are holding now. well the thing is even if i am ignorant of something and i saw people doing that particular thing and i have what it takes to do it i will ensure to at least participate small but this is more like they do not give a fuck about it at all because they saw it as a scam. using a product as an illustration or an instance to talk about bitcoin is very wrong because most of those product do not actually last even after advertising the quality and the potential of it and most of them do actually change potentials and reduce quality.
If we’re actually referring to the early time when bitcoin investment started I’m sure bitcoin never gained a massive popularity compared to now when almost every organization and people hold bitcoin. Some might have never heard the word bitcoin talk more of holding bitcoin. My thought concerning early investors who adopted bitcoin it’s certain they knew bitcoin is valuable before investing and for those who left investing so early that’s their lose, some features might have attracted early investors but I can’t tell accurately if they knew the growth will be this massive. This is accurate, I can’t compare bitcoin with other coins or product due to value, one must be careful so they don’t get fooled with advertising or promising project, if people invested in bitcoin because of adverts I’m sure bitcoin adopters will be so few because bitcoin doesn’t need such activity.
Sure, we see more and more adoption of bitcoin by more kinds of entities, including governments and larger institutions getting into bitcoin, yet I doubt that the actual dynamics for bitcoin is changing very much in terms of sentiment, since an ongoing obstacle for so many normies (which also continues to be with governments and institutions too) is that they believe that they are too late and that kind of baloney... so normies continue to fail/refuse to get started since so many folks do not want to buy at the top so they just continue to fail/refuse to act...
The fact of the matter continues to be similar in that we are still very early.. but so many folks cannot understand bitcoin in that kind of a way, and the ongoing errors get repeated in terms of folks presuming bitcoin to be way more mature than it is, and people were making the same kinds of presumptions 10 years ago in terms of ongoingly framing bitcoin as if it were a mature asset and that same kind of baloney that I was even fighting against those framings 10 years ago and until today they keep repeating, which I personally continue to consider the ongoing presuming of bitcoin as mature is continuing to ongoingly interfere with folks whether individuals, institutions and/or governments to actually get the fuck started in their buying of bitcoin rather than ongoingly failing/refusing to sufficiently take actions to accumulate bitcoin.
We have already said it often times that bitcoin is a potential coin that needs no publication, announcement or advertisement because it is a self made marketable asset, it only needs growth and the news is all over the internet already of which a large number of the world population are making use of the internet so they will definitely come across news about bitcoin and it's potential growths over the years. When the price of bitcoin got to $100k, the news and excitement was all over the internet so tell me who will hear about it and not develop interests to invest in it.
Yes.. more and more people hear the word bitcoin and they think they know what it is, but that still does not necessarily motivate them to take the better action of getting some...and getting the fuck off zero. Surely some people will act, but an overwhelming majority will continue to not act, so surely the ones who act are going to be advantaged, even though they may well ONLY be starting to build their bitcoin stash, starting in 2025.
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It is clear from your words that you are discussing the potential of Bitcoin and the initial skepticism towards it. You are right that initially many were not sure about the future of Bitcoin. Many viewed it with skepticism. However, over time, its strength and value have been proven. Those who invested in it early have benefited a lot today.
Any new technology or idea can seem unknown or suspicious at first. This was also the case with Bitcoin. Many may have thought it was just a trap or a scam. But now we know that Bitcoin's technology and its value are really influential and it is several steps ahead of other digital assets.
Get the fuck out of here.
Stop trying to act like all of a sudden everyone is enlightened about bitcoin, when that is nearly pure bullshit.
An overwhelming majority of folks hardly have any clue about what is bitcoin even though more people have heard the word.
People are still not investing.. and also governments and institutions are also mostly not investing, even though a few of them are kind of warming up to bitcoin..so yeah, we are still in quite early days of bitcoin, even though there are more and more folks who have heard the word "bitcoin" and they believe that they know what it is beyond "number go up" technology..... and by the way, there are a lot of forum members and even folks who have some bitcoin exposure who ONLY know bitcoin in terms of their thoughts that it is "number go up" technology, and they hardly know anything else about bitcoin beyond that...so even those folks might take some times to actually learn what is bitcoin... but hey whatever, it is still possible and likely does not hurt anything for a decent amount of BTC holders and BTC price exposure buyers to ONLY be buying bitcoin based on number go up ideas.. . which I am not even proclaiming that anyone has any duties to figure out bitcoin beyond those kinds of superficial ideas about it.
We all know more or less that new ideas or technologies cannot achieve success at first. But, over time, Bitcoin has become a long-term profit opportunity for those who invested early.
we are still early.. especially compared with folks who are ONLY going to start getting bitcoin 4-10 years or later down the road. Stop trying to suggest early adopters are in the past, since early is a relative term and so anyone getting into bitcoin now are going to be earlier than anyone getting into bitcoin next year or 4 years from now.
I think there is a big lesson here: if new technologies or ideas can be analyzed properly and if they match reality, they can be extremely valuable in the future.
Are you suggesting that we should buy BTC now then?
So let's not waste any more time and start our investment as soon as possible, for a long time.
Ok. I can agree with that point...even though you seemed to have had taken a round-about way of getting to such point.
I vehemently agree with you, with the rapid growth of Bitcoin every wise investor who hasn't invested in it ought to start investing now as Bitcoin will be more capital intensive within a short period from now.
It is indeed quite worthy to be used as a very smart investment choice for all investors today and of course it would be even better if it was used as a long-term investment choice forever. You can also see evidence that is not too far away for you to check, namely around the beginning of 2023 where at that time Bitcoin was still in the price range of $16K and investors who bought Bitcoin in large quantities at that time must have been quite happy when they saw the price of Bitcoin which had broken through $108K in early December 2024.
Huh? Normal people do not tend to buy bitcoin (or any other investment) like that, so it seems quite fantasy to proclaim folks to have had been buying bitcoin at the bottom.
More likely scenarios are that it takes time to establish a bitcoin position, and sure, even if we get started, we might start to figure out ways to add to our BTC stash, but it still can take a while to build it, and we do not tend to have lump sums.
What about yourself? You been in bitcoin since April 2017. Did you establish your BTC stash all at once? I doubt it, but hey maybe you are some kind of an anomaly or you have some anomalous circumstances that might have contributed to your circumstances in terms of being able to establish yourself in bitcoin in lump sum kinds of ways rather than more realistic spread out investing techniques...
Unless you are still just caught up in a trader mentality and you need to snap out of it?
Sure, you might be making a decently good point to say that the BTC price went up 5x or more in the past couple of years, yet it seems to me to be overly emphasizing that kind of a point is getting caught up in a kind of trading approach (mentality) to bitcoin rather than an investor's kind of approach.. which surely you may well know that there are quite a few of us (besides just me) who consider bitcoin to be better as an investment rather than a trade.
Those who won't hop on now will regret it later.
In less than a decade, we will have much more to see and witness on the stage of bigger players working and accumulating Bitcoin - and that's great.
Currently, big investors like Blackrock and Microstrategy are still accumulating Bitcoin by continuing to buy it without thinking about people who are still doubtful about Bitcoin because those who doubt are not necessarily smarter than the two big companies. So we don't need to think about those who regret it as long as we ourselves are still willing to try to involve ourselves in Bitcoin investment as other big investors have done up to now.
You are correct that there are bitcoin hoarders sucking up the supply and likely contributing to both upwards bitcoin price pressures and also taking away bitcoin's supply - even though Blackrock does not legally own those bitcoin, their customers are buying Blackrock shares, which it seems likely that Blackrock is buying bitcoin to back up the shares to the extent that they are not engaging in dangerous manipulative behavior of not having the bitcoin that they claim to have...which I am not going to presume that all the various custodians have the bitcoin that they claim to have...but still that seems a dangerous game for institutions and/or governements to be attempting to play with an asset like bitcoin..
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Nobody can study bitcoin price movement but you can only know about the bear market and the bull market, which year they will occur but for you to know when will be the peak of the bull run or the bottom line of the bear market is impossible and can never be studied. If it is possible, then nobody will invest and hodli. Also traders will always be in big profits and the market will be one sided.
This is why there's no need for you to think you can understand the price movement of bitcoin. Your friend and you that studied the market, and you saw that a dip is coming ahead, what that true because I guess not. Buy bitcoin with your discretionary income and invest with DCA regularly to keep your bitcoin accumulation journey ongoing and focus on how to improve your income so that you can increase your weekly orders and forget about the market because you don't need it.
I don't completely agree with how you said this, even though I do agree with what seems to be your overall points about our needs to attempt to focus on things that we can control (and have better chances of predicting) which are matters within our own grasp, rather than fucking around with beliefs that we might be able to time tops and bottoms and to get distracted with the kinds of things that are way more difficult to figure out with decently reasonable levels of certainty... so yeah, control and manage things that we can control, including but not limited to ongoingly, consistently, persistently and perhaps even aggressively buying bitcoin for a time period that works for us, whether it is a whole cycle or some other kind of a time period, and surely for many of us who might be newer to investing, we may need a couple of cycles before we would even be in a position to be deviating from an ongoing buying/accumulating of BTC strategy.
My thought concerning early investors who adopted bitcoin it’s certain they knew bitcoin is valuable before investing and for those who left investing so early that’s their lose, some features might have attracted early investors but I can’t tell accurately if they knew the growth will be this massive. This is accurate, I can’t compare bitcoin with other coins or product due to value, one must be careful so they don’t get fooled with advertising or promising project, if people invested in bitcoin because of adverts I’m sure bitcoin adopters will be so few because bitcoin doesn’t need such activity.
I doubt that majority of the early bitcoin investors knew that bitcoin will be valued to this extent because if they were aware about the future growth of bitcoin many of them could have invested their fortunes in it. Though i am not generalizing all the early investors because there were some people that also saw that bitcoin can increase in the future and they invested with their discretionary income while having the knowledge that despite that they believed in the future growth of bitcoin, unforeseen circumstances can still occur.
We have already said it often times that bitcoin is a potential coin that needs no publication, announcement or advertisement because it is a self made marketable asset, it only needs growth and the news is all over the internet already of which a large number of the world population are making use of the internet so they will definitely come across news about bitcoin and it's potential growths over the years. When the price of bitcoin got to $100k, the news and excitement was all over the internet so tell me who will hear about it and not develop interests to invest in it.
It was in the early days of bitcoin, that bitcoin needed promotions and awareness to the public for adoption, not now anymore, because bitcoin is no longer a baby and has grown to a teen that everyone can see embrace. That was why you see Laszlo Hanyecz bought two papa jumbo pizza with 10000btc to make it worth something in the beginning.
Comparing one of BTC's first transactions (the two pizzas) to now does surely show that "we've come a long way baby," yet there are still many angles in which we can continue to attempt to assess the ongoing growth of bitcoin's varying
7 network effects, as outlined by Trace Mayer in 2015.
It is difficult to make a profit by investing in Bitcoin for a short period of time. This is mainly a result of long-term planning.
I think people who invest in Bitcoin for a short period of time are never investors, they are basically traders. Everyone should aim for long term investment i.e. the investor aims to extend his investment for at least eight years or up to 10 years. Moreover, those who are successful investors i.e. those who have achieved success from their investments may all have been long-term investors.
To invest in Bitcoin, you must have more sources of income. The more sources you have, the easier it will be to maintain the investment. If there is another source of income, the financial stress of the person will be less. If a person feels financial stress in life, he can cover it from there
Although every person's investment plan is different, everyone needs a source of income before investing. If there is no source of income, it may never be possible to prolong the investment. That is why it is said that the more a person's source of income, the longer their investment will last.
Therefore, one should use a safe wallet for Bitcoin and gradually determine the amount of savings in line with the income.
Yes the wallet we use to store our invested assets i.e. deposit our invested bitcoins must be a secure wallet. If we can use non-custodial wallet then maybe it will be more secure for us. See some examples of non-custodial wallets here.
https://cryptopotato.com/best-non-custodial-crypto-wallets-list/I think that there is a bit of bullshit with that linked article... and so the article seems to be leading you to potentially not so good wallets, even though claiming them to be "the best" blah blah blah.. , since it is likely better to have mostly open-sourced wallets, and so many of those wallets that are listed are not really non-custodial, since they are not open-sourced, so we cannot know if there might be backdoors into some of them.
I don't want to go too much down the bitcoin wallet rabbit hole, but at least there is likely some value in knowing the difference between open-sourced and non-open sourced wallets and to figure out some of the security trade-offs, and if several of those wallets are overly controlled by institutions, then they are quite less likely to be open sourced. .. some wallets are bitcoin only and other wallets are bitcoin and shitcoins, and so there can be trade-offs in terms of having shitcoins on your wallet even if there are ways that companies will separate them, too.. and even the secure elements contribute towards aspects of the code not being open sourced (to the extent that there might be back doors and vulnerabilities can be a risk with many wallets with closed source aspects and we might need to consider how to weigh these factors, especially the larger our bitcoin stash might become and the more need we might have to assure that there aren't backdoors to get to our stash.
Bitcoin hole had listings of both hardware and software wallets
https://thebitcoinhole.com/hardware-walletsAthena bitcoin has a decent description custodial versus non custodial
https://www.athena-alpha.com/custodial-vs-non-custodial-wallet/I know that it can be difficult to know about these matters, and wallet scrutiny looks into both open sourced and closed source wallets, and so if we at least attempt to appreciate how vulnerable our private keys might be, then we might at least try to figure out how much value we might want to put with a device (or even software) that might be more secure or less secure in regards to the analysis of folks who seem to be trying to help to share good information about these kinds of ongoing issues and security matters.
https://walletscrutiny.com/