A Simple Yet Powerful Message That Will Always Hold True

[Hewlet]

If you do not learn from the experience of others you would definitely have your own bitter experience where learning would be inevitable. The instructions on how to keep your bitcoins safe is so simple yet there are people who lose it because of their greed, their lack of attention to details, just plain laziness which may include, keeping your private key carelessness, drawing unwanted attention to your self in public as Bitcoin investor thereby making yourself a target and so on.

No doubt,  the most important thing most often times looks too simple to us and will just joke with it until it gets us in trouble and within split seconds our sense of reasoning comes back to us and we now start crying,"if I hard known, I would have kept my keys safe right from the outset.

I still remember that when I opened my first wallet, I was too lazy to write out my passphrase but instead, I thought of making a screenshot of it and then I thought of the fact that I could misplace my phone or that my phone might be stolen by fraudulent people that will easily recognized my passphrase and will drain out whatever bitcoin I have accumulated so far. I had to get up immediately, take up a pen and I wrote down my passphrase and ensured that I kept it as secured as my other important documents.

[1715541261]

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[Essential10]

As a veteran and the first cryptocurrency, Bitcoin has been a major means of investment and creation of civilization. Bitcoin has created a breakthrough and extraordinary value in technology, and it is turning a new economy in the human community in different parts of the world. However, alongside Bitcoin, many altcoins and blockchain technologies are competing and new and creative projects are emerging. These new coins are designed for different functions, and their important features can make them attractive to various individual and venture investors. At this time, it is important to look at the competition between different cryptocurrencies, and for private enterprises to reach good technology and a balanced investment is now going to be effective. Above all else we should buy bitcoins and hold bitcoins.

[Jon_Hodl]

Excellent advice.

I would also say that securing your seed phrase with the best practices and running your own node are also very important. I should have purchased steel plates and run my own node a lot sooner.

Best decisions I ever made.

[Out of mind]

I think this message is one of the best and said for the safety of all people. Buy bitcoins and hold your keys, and hold bitcoins for a long time, it will be good for you and for the future. When you use a hardware wallet or software wallet to make an investment, you will be given a key that must be collected. If you don't save the keys, then you are definitely risking your money and most likely losing money. Or never share or give the keys you collect to other people or else we know for sure that you will get scammed. So we should keep our invested money for a long time and keep the wallet keys in a safe place to avoid fraud. It's always important to keep in mind that your money is safe when your keys are safe, but your bitcoins will be safe in the future.

[Lamkuthang]

I like the picture. The message is also simple and really works. If we do it, we just have to say it by starting to buy a number of BTC according to the capital capabilities we have. Indeed, at first glance BTC looks expensive, but we can also buy it in installments and don't have to do it all at once, and it cannot be denied that with large funds, if it lasts 10 years, the benefits will be felt.

[GbitG]

If you do not learn from the experience of others you would definitely have your own bitter experience where learning would be inevitable. The instructions on how to keep your bitcoins safe is so simple yet there are people who lose it because of their greed, their lack of attention to details, just plain laziness which may include, keeping your private key carelessness, drawing unwanted attention to your self in public as Bitcoin investor thereby making yourself a target and so on.

Yes, of course, if a person does not learn from the mistakes of others, then it can become a big problem and trouable for him. Often people are weak in the matter of privicy, they take such stances lightly while it is their biggest mistake, carelessness and laziness, which I say is a proof of the biggest stupidity of this person. Even iff he knows everything, if someone does not respond to any issues regarding privacy, then he is doing something rong with himself because, every day, similar cases are increasing. People underestimate the importance of their privacy, but it is a very serious matter. And if they don't protect their funds in the right way, they lose everything; that is, due to their own mistakes, they find their wallets empty in the hands of hackers.

Moreover, when most people create a wallet, they temporarily take a screenshot of their passphrase and can keep it on their phone. This YouTuber also did the same, and when the hackers monitored, the hacker hacked the email of the YouTuber, backed up all the data, and stole a million dollars of assets from his wallets by finding the phrase of this wallet.

So, it means that whenever you save a phrase in your wallet, you must write it down on paper and don't save it on your phone, because it can happen to you in the same way as it happened to this YouTuber. So be careful in terms of privacy.

[Myleschetty]

"Just buy Bitcoin and hold your keys or else you are going to get scammed"

You are damn right, even if this statement looks easy to follow but many failed to follow it and lost all of their funds, not only in BTC but in other investments like those made in altcoins, nuts, metaverse-related projects, etc. These investments, no doubt, made many people millionaires overnight, but also made many millionaires poor too. And that also happens in BTC, where if a person bought some BTC and now holding it for like 10 years.

Exactly, The Biggest losses I have experienced in this crypto industry when it comes to investment were my investment in altcoin and shitcoins, and that was when I had less information regarding Bitcoin compared to what I know of now, I do think this is the same case story with most newbies that have also lost in one way or the other.

Information is key and this is why most investors who understand this now stick their investment only on Bitcoin or more percentage of their capital into BTC,  it is indeed safer with Bitcoin, just Hodl and have patience.

Information is indeed the key while knowledge is power.  Many crypto investors have received the information needed to know that altcoin market are highly and it's the manipulation space for the whales now and once they get their profit they move it into BTC.
The point is that receiving the right information can lead to failure of the person don't have the knowledge to understand the information futuristic benefit.

[HajiBagi]

Without going any further, this is evident to all beginners: purchasing another worthless coin that will cause you to lose your money is extremely risky, and this danger extends beyond novices to those who are incapable of losing money. Bitcoin is merely an investment that you can hold onto for a long time, during which time nothing will happen to your money as long as you keep your private key in your possession. I haven't purchased any other coins except for bitcoin because I don't want to lose money. I haven't seen anyone express dissatisfaction over holding bitcoin for an extended length of time, and many people on this forum recommend investing in bitcoin rather than other coins.

Another crucial aspect for a novice is safeguarding their secret keys. You should keep your secret key private, even from your closest friends, as if someone were to obtain it and gain access to your wallet, your bitcoin would be lost forever, and there would be no way to track down the scammers and get a refund. For this reason, it is advised that you conceal your secret key as well as possible.

[Bitcoin_people]

The cryptocurrency world currently has various altcoins popping up, including Bitcoin. Moreover, people are now making many attempts to cheat people through NFT airdrops along with giveaways etc. I have seen a lot of airdrops and giveaways that are created just for scams where new people get scammed by messaging them when they connect their wallets here. That's why I think the wallet should never connect to an unknown website to avoid being a victim of such scams with the possibility of losing all money. I also got scammed by connecting a wallet to an Airdop website, that's why I think your message is very important. So it is very important for newbies to know that avoid all other scam websites and buy bitcoins and hold them and keep the keys in a safe place. When you buy and hold bitcoins and store your keys in a safe place, you can earn a large amount of money from bitcoins over a period of time.

[siniminomorocomunisakito]

Indeed the message is very powerful and it still holds the truth till time. Many shit coins and Cryptos have come and gone but Bitcoin has long been in existence and will still be. The message passed across is so simple and short and does not need much explanations to for clarification. If you want to profit from Bitcoin, buy and hold and take proper security measures to protect your bitcoin by holding in your own personal custody. Make sure you do hold your coin in your own personal wallet or self custodial wallet for a long time. Avoid third party exchanges as they can not guarantee your coin safety.

For BTC, it is very undeniable. It's true that indirectly it depends on their infrastructure but, how to avoid third party exchanges when that's the only place where we are, for example, to carry out transactions and cash them into fiat if necessary at any time?

[Promocodeudo]

The message to newbies has always been the same since the beginning of time. From bitcoin creation to the very time altcoin started to pop up, till the era of NFTs, airdrops and other silly nonsense that shows up to deceive the naive ones. This is the simple message being reiterated -  "Just buy bitcoin and hold your own keys or else you are going to get scammed"



PS- Image source is from a Telegram group. I don't claim ownership of it.

Your message is self-explanatory and straight forward, it is left for the concerned individuals to adhere strictly to the advice that's if they want to, people buy bitcoin without knowing about it in full, mastering your keys and keeping it safe for you alone should be one of the topmost concern of a bitcoin holder, the key safeguard your investment, and it should be your priority, bitcoin was created to teach people about how safe your money and your identify could be without anyone else knowing about it, but people has failed to maintained that standard and continue to chase shadow, if I may ask how many investors or holder has taken a good measure in other to secure their investments, pop I appreciate your effort in making this message public for people to know how important this aspect in investment is. 

[Finestream]

Honestly, the message is so simple and so easy to follow, but a lot of us never understood it clearly. Instead of making bitcoin as our top priority, we always end up making it as an alternative probably because of its expensive price, and resort into altcoin investment as our major investment. Not only newbies are doing this, but I believe even to some of those who have been here investing in the market for quite long, its like they trusted altcoins more than bitcoin.

However, there's always a time for change. If we fail to make it last time and see our altcoin investment continues to drop, this time we will be sticking into bitcoin. Although we can still invest into altcoins with high potentials, but we should always put bitcoin as our top priority and should have the biggest allocation of funds.

[JayJuanGee]

Honestly, the message is so simple and so easy to follow, but a lot of us never understood it clearly. Instead of making bitcoin as our top priority, we always end up making it as an alternative probably because of its expensive price, and resort into altcoin investment as our major investment. Not only newbies are doing this, but I believe even to some of those who have been here investing in the market for quite long, its like they trusted altcoins more than bitcoin.

However, there's always a time for change. If we fail to make it last time and see our altcoin investment continues to drop, this time we will be sticking into bitcoin. Although we can still invest into altcoins with high potentials, but we should always put bitcoin as our top priority and should have the biggest allocation of funds.

Don't get sucked into shitcoins, and if you are not able to control yourself because you love gambling and you are easily distracted into "wanna get rich quick" schemes that are likely going to cause you to lose time, money and energies, at least if you could limit your exposure to shitcoins to be less than 10% of your bitcoin holdings, then you will at least put some kind of limitation that restricts you, and hopefully  if you keep losing from your shitcoins, you do not keep drawing from your bitcoin holdings to justify to continue to allow that less than 10% allocation to suck value from my lil precious.