Quote from: Regardme on August 17, 2025, 08:09:45 PM

Quote from: Princess Leah on August 17, 2025, 06:31:41 PM

Quote from: Joy- maker on August 17, 2025, 07:49:27 AM

I think you're correct here investing in bitcoin is not only all about having a long term mindset, you also need to put down some measures to safe guard your bitcoin investment for the long term, because I myself personally believe that it is not only the amount of bitcoin you are holding in your wallet that will determine your success in your bitcoin investment journey, for there are some measures you have to put down which are: securing your bitcoin wallet from thieves and scammers, also by setting up emergency fund and backup fund to enable you not to temper with your bitcoin holding, if in case emergencies arise along the line, so that there will be emergency fund to handle those emergencies instead of tempering with your bitcoin holding.

You've made a very important point, it would be a waste of time and heartbreaking to invest for years then lose what we've been holding for years to scammers cause of our carefreeness or failure to secure our portfolio, the security of one's portfolio is as important as holding for long-term, that's another area newbies should concentrate on as well as learning to hold Bitcoin for a longer period.

Also, owning an emergency fund shouldn't be overlooked, to maintain a healthy portfolio it's very important too, emergency situations are something that's not planned, they can happen anytime which is why investors need to be very ready for a worst case scenario and there's no other way to be prepared than having the emergency fund intact.

I must say that securing your portfolio, is as critical as a holding Bitcoin for a long term. It is importing to one to learn about wallet security, how to put there portfolio on two factor authentication. It’s always important to prioritize having an emergency funds will always prevent one from panic sales, also a key to help you balance your long term investment

I believe securing our Bitcoin assets is a crucial aspect, as I believe the Bitcoin wallet we use is the lifeblood of our Bitcoin investment. If the wallet isn't secure, no matter how well we manage our cash flow to invest in Bitcoin, I believe it's futile. If our Bitcoin wallet isn't secure, it can leave our Bitcoin vulnerable to theft.

So, with this in mind, don't forget to type in your wallet phrase. After you've finished typing it, immediately double-check that it's correct. It's possible to miss a single word, and this could have dire consequences. To avoid this, we should immediately double-check the resulting wallet phrase by entering it directly. This way, we can immediately determine whether the phrase is incorrect or not.