Hi guys,
I'm super excited to finally be a part of this family of great minds in the crypto world.
As a newbie in the crypto community I've heard people talk about how great they have lost their resources on several crypto platform, so I've resolved to ask:
Welcome to the family, am sure you are going to learn from the forum here. Their are different ways which you can lose your resources, firstly don’t trust anybody you meet on the social media, don’t trust anybody that send you private message on the forum here, which are claiming they want to help you, or they are trying to guide you on how you will protect your wallet, ask them to make their contributions on the thread which you created, they shouldn’t Dm you.
Also don’t leave your coin on exchange, that’s one of the greatest mistake newbies are always making, they believe exchange is the easiest and safest place which they are going to leave their coin but they are wrong, when you leave a coin on exchange, you are not in control of the coin because you don’t have private key to the wallet, the exchange is the one holding your coin for you which is very wrong, anything can happen to the exchange at any moment and your money is gone.
indeed so many people jump into the crypto with little or zero knowledge of bitcoin and it's security and intending risk, so pls i will really appreciate a response from professionals in the house
That’s really wrong, why will you jump into what you don’t know about, then you are going to lose your investment at the end, don’t think because people are making money you also want to make money, you have to understand what you are investing in before you are going to make money. One of the things you shouldn’t joke with when it comes to bitcoin investment is your wallet security, make sure your wallet is properly secured, don’t leave your coin on exchange, store your bitcoin on a non custodial wallet and also make sure you properly secure your wallet private key.
When securing your wallet private key make sure it’s not stored anywhere there is internet connection, make sure it’s completely stored offline.