and of course coin security is very paramount but yet if one finds themselves in the early accumulation stage then self custody is probably a second step towards seriousness in holding for a long term yet the first step is to begin with the least one can afford to do without in a certain length of years not necessarily what one can afford to loss however it's most encouraged personally to start first and every other steps will be figured out along the line.
I think that personal financial (cashflow) management is much more important, and still guys can figure out how many BTC they have that might trigger them to put some of their bitcoin (if not most, if not all) into self-custody. I personally think that there will be some advantages to continue to use various custodial solutions for some portions of stash and when transacting BTC with others, yet there will also be value to figure out how to engage in practices to transact directly with others, whether businesses or individuals.
I’m solidly in with you on this one. Personal financial management is indeed very crucial and it’s sometimes very pitiful how many people overlook and pay less attention to this factor. When a person’s finances is in perfect order or just in order, then you can easily think of ways to manage your Bitcoin Stash.
I also think it’ll be a very smart move to have some kind of a mix of custodial and self custodial solutions. This is because custodial solutions are pretty much convenient and very easy to use, particularly when you’re just a beginner and haven’t built a large stash for yourself. But as you advance in your accumulation and have been able build a much larger stash, the need to take control of your wallet keys arises because the the best safety solution for your wallet remains self custody, because it give you more protection, freedom and flexibility, especially when you wish to transact with others.
Although, using a custodial wallet could also have its own benefits and advantages too, especially when you’re dealing with a very large transaction or financial arrangements that are more complex than the usual P2P transactions that we know. The custodial wallets in such case can provide us with some layer of security, not to also mention that they are mostly equipped with more advanced tools and features that helps to facilitate such advanced transactions.
Everyone has what works much better for them and every individual have their own preferences, So I believe the best solution is to find some kind of a balance that works pretty well for you. Perhaps, using a custodial solution for some of your Bitcoins and for specific purposes, while also having a self custodial solution for the Bitcoin or portfolio that’s more valuable or for sensitive transactions. It’s all about finding what works best for you.
And just as you rightly said, it’s indeed definitely worth learning how to transact directly with others. Because that way, you get to build a more personal relationship and connection within the Bitcoin ecosystem, not to also mention how efficient and cost effective it can be to move money around.