The safest way to store Bitcoin is in your memory

[European Central Bank]

HAHAHA this is the dumbes tthing I have heard, brain wallets are the dumbest thing ever and if you think you are going to remember forever you must be really stupid. You are going to forget your keys 100% and imagine if you get amnesia or alzeimers and then you are the only one who remembers the keys but you forget them, then say goodbye forever to your Bitcoins!

this isn't a brain wallet.

it's still a ridiculous idea.

there's no way in hell i could remember a story word for word. there's no way i could remember 24 words perfectly unless i practiced an hour every day and i have better things to be doing with my time. i can't even remember my most regular passwords after a month or two.

there's a whole planet out there. there's got to be a few places where you can divide up and safely store a few words written down.

[Spendulus]

This is how you do it:

1. Buy a hardware wallet
2. On it, generate a wallet from a 24-word seed (or fewer words)

Extra steps for the ultra paranoid:
-. Format (reset) the hardware wallet, then restore it from the 24-word seed.
-. Test with a small sum that you can receive and send Bitcoins from your new wallet.

4. Create a story which can help you remember all the seed words in order (this is a mnemonic technique, http://www.vocabulink.com/article/how-to-write-a-memorable-mnemonic-story)
5. Memorize said story, test yourself that you know it after 4 hours, 1 day, 4 days, and after that weekly.
6. After one month, format (reset) the hardware wallet, then restore it from the 24-word seed that lays in your memory.
7. If you've been successful until now, move your funds to the hardware wallet, then format it again and throw any recording of the seed words that you might have laying around the house.

Your savings are safer than ever now.

Having had people very close to me who I had the pain of watching them, through unrelated medical issues, lose their mental abilities bit by bit, I cannot agree with your conclusions.

You have a method that might be described as "hoping for the best."

Better is to hope for the best, but plan for the worst.

[BitCoinKeeper]

This is how you do it:

1. Buy a hardware wallet
2. On it, generate a wallet from a 24-word seed (or fewer words)

Extra steps for the ultra paranoid:
-. Format (reset) the hardware wallet, then restore it from the 24-word seed.
-. Test with a small sum that you can receive and send Bitcoins from your new wallet.

4. Create a story which can help you remember all the seed words in order (this is a mnemonic technique, http://www.vocabulink.com/article/how-to-write-a-memorable-mnemonic-story)
5. Memorize said story, test yourself that you know it after 4 hours, 1 day, 4 days, and after that weekly.
6. After one month, format (reset) the hardware wallet, then restore it from the 24-word seed that lays in your memory.
7. If you've been successful until now, move your funds to the hardware wallet, then format it again and throw any recording of the seed words that you might have laying around the house.

Your savings are safer than ever now.

Hardware Wallet, I agree but memory is a tricky thing, I realize you may be in your 20’s or at an earlier stage in life, but there are those of us, whom may not be so fortunate, and crypto is a relative new investment opportunity with that said, I’m trying to remember where I left my shoes.

[lzby2000]

In the news I saw, there was a statistic that 30% of the bitcoins were permanently forgotten by people and were permanently discarded in the network. This has led to the scarcity of bitcoins.
I think the memory of people is limited, no one can keep so good memory for a long time, especially the number of passwords. Or in the simplest way, pick up your paper and pen and write it down with your hand.

[joblessminer]

Some people like the method I recommended, some people don't.

Anyway, for those that doubt that they could memorize 24 words with a mnemonic story, after you try it the first time you'll realize it's actually very easy. We often underrate our own memories, simply because of not using proper learning and mnemonic techniques. We especially underrate the memories of older persons.

If 24 words seems to much, just do a story with 16 words, it will still be secure enough.

[TheGodFather]

This is how you do it:

1. Buy a hardware wallet
2. On it, generate a wallet from a 24-word seed (or fewer words)

Extra steps for the ultra paranoid:
-. Format (reset) the hardware wallet, then restore it from the 24-word seed.
-. Test with a small sum that you can receive and send Bitcoins from your new wallet.

4. Create a story which can help you remember all the seed words in order (this is a mnemonic technique, http://www.vocabulink.com/article/how-to-write-a-memorable-mnemonic-story)
5. Memorize said story, test yourself that you know it after 4 hours, 1 day, 4 days, and after that weekly.
6. After one month, format (reset) the hardware wallet, then restore it from the 24-word seed that lays in your memory.
7. If you've been successful until now, move your funds to the hardware wallet, then format it again and throw any recording of the seed words that you might have laying around the house.

Your savings are safer than ever now.

Well I give you some points on this as this can be truly helpful if utilized properly. However I still pount out that even if we secure iyt a tjousand times better we must always be alert and vigilant on this. Especially that we are having a lot of havking nowadays.

[nagatraju]

yes, we must be very careful and vigilant...I would like the system be more protected.. is it really impossible?

[Soros Shorts]

This is how you do it:

1. Buy a hardware wallet
2. On it, generate a wallet from a 24-word seed (or fewer words)

Extra steps for the ultra paranoid:
-. Format (reset) the hardware wallet, then restore it from the 24-word seed.
-. Test with a small sum that you can receive and send Bitcoins from your new wallet.

4. Create a story which can help you remember all the seed words in order (this is a mnemonic technique, http://www.vocabulink.com/article/how-to-write-a-memorable-mnemonic-story)
5. Memorize said story, test yourself that you know it after 4 hours, 1 day, 4 days, and after that weekly.
6. After one month, format (reset) the hardware wallet, then restore it from the 24-word seed that lays in your memory.
7. If you've been successful until now, move your funds to the hardware wallet, then format it again and throw any recording of the seed words that you might have laying around the house.

Your savings are safer than ever now.

While your bitcoins may be secure from hackers and thieves you never took into account operational security. You might get amnesia and all your coins will be lost. To me that is not very secure.

[Lucius]

I can not agree with OP that his way is safest way to store BTC,it is too risky,only one forgotten word from seed and game is over for your BTC.As Soros Shorts say you may also experience an accident and lost your memory.

If you want to protect your seed there is some better ways.For example write your seed on paper and divide it in few parts,let's say 3 papers each contains 8 words.Then be imaginative and store each paper on different but secure places.To remember order of words write note with each first word and give them numbers from 1-3.So even is somebody find part of seed it will not mean anything and your BTC will be safe,unless you lose your memory and forget that you even have BTC