Bitcoin and Blockchain feel very safe while the ball is always at your court

[EluguHcman]

I have come to realize that lot of newbies are contradicting the risks of Bitcoin investments to the risk of having your bitcoins secured from losing it.
While some enthusiasts off the forum had been making this mistake, even newbies in the forum who have not gained better knowledge in the industry also repeats the same.

Just to make it short for better understanding from an elementary level read and study carefully >>>

The risks around Bitcoin investment is centered on the individual investors psychological behaviors that particularly aims to grow rich overnight and while the market volatility is unpredictable, it gives confidence for investors to be successful in healthy states if only they invest for a long time goal.
Maybe not less than 4 years will be recommend able in order to participate in the long term pattern of the 4 years cycle of the Bitcoin market. Perhaps the decision will allow you tolerate the short term performance without panic over downtrends volatilities.

Secondly is the investment funds where beginners fails to invest on Bitcoin with their discretionary incomes and invests all their savings and never have reserve for their emergency needs.
Some also tends to treat Bitcoin as a major source of income with the thoughts that they can sell some fractions for short term sustainability without knowing they will be selling at lost if they have to sell anytime they are in need of money to solve their financial needs.

Securing your Bitcoin is a different thing challenge which is where self custody have to play in whereas, you are at the possession to control your funds by yourself just to make sure your funds is secured.
Perhaps using the non custodian wallets that resists third parties (authorities) from controlling your funds unlike the bank gives you the opportunity to be privilege to utilize the Decentralized concepts of the Bitcoin.
It is also important to underline it that the risks of your funds securities rest upon the manner of storing or controlling your seed phrases and how you maintain an extreme Privacy because if another party gets reach to your seed phrase can give them access to your wallet and your funds can be stolen without your consent except it is a multisig wallet where if ones keys is misplaced the funds remains safe until the required keys are completely provided.

Let us also mentioned the custodian wallets which only gives users login access to facilitate transactions while the platform take hold of your crypto keys meaning you can be regulated while using the exchange.
Hence, the system is also vulnerable for online hackers to steal your funds.
Also underline it that it is risky to entrust your private keys on the third party.

Other means that can keep your funds to risks is clicking of malicious links, installing and downloading poisonous softwares in your device etc.

With all being outlined, enthusiasts having interest to invest in Bitcoin feels skeptic and blunder with the risks surrounding the technologies. And in summary, the Bitcoin and Blockchain feel very safe while the ball is always at your court.

[Luzin]

Other means that can keep your funds to risks is clicking of malicious links, installing and downloading poisonous softwares in your device etc.
With all being outlined, enthusiasts having interest to invest in Bitcoin feels skeptic and blunder with the risks surrounding the technologies. And in summary, the Bitcoin and Blockchain feel very safe while the ball is always at your court.

You must be careful when declaring the safest assets. This comfort can sometimes make you forget that there are always big risks that might come. This is sometimes what causes us to lose assets that we think are safe. Unconsciously, we have been led to links created by thieves. So we unknowingly provide various passwords and keys to the thieves. Therefore, it is more appropriate that you should store everything related to passwords and seeds securely from theft. Everything has risks and not everything is completely safe. We can only try to avoid them, but sometimes we ourselves make mistakes. IMO

[Hatchy]

The risks around Bitcoin investment is centered on the individual investors psychological behaviors that particularly aims to grow rich overnight and while the market volatility is unpredictable, it gives confidence for investors to be successful in healthy states if only they invest for a long time goal.
Maybe not less than 4 years will be recommend able in order to participate in the long term pattern of the 4 years cycle of the Bitcoin market. Perhaps the decision will allow you tolerate the short term performance without panic over downtrends volatilities.

I think the problem with new investors are just the kind of information they feed themselves with. They make encounter with the wrong sets of people who are profit minded thus the reason why most of them thinks the crypto space is a short term, rich quick scheme. Indeed you can make profits from the market but short term practices have proven not to be profitable because you can lose both your capital along the line. It's better to be patient whilst investing in the crypto market, bitcoin to be precise should be your major target.

Secondly is the investment funds where beginners fails to invest on Bitcoin with their discretionary incomes and invests all their savings and never have reserve for their emergency needs.
Some also tends to treat Bitcoin as a major source of income with the thoughts that they can sell some fractions for short term sustainability without knowing they will be selling at lost if they have to sell anytime they are in need of money to solve their financial needs.

Before taking the step of investing into the crypto market, you should or must have at least analyse your income and see if you will be able to keep up on the long term. Someone with an income that's barley enough to cover his expenses literally has no business with investments. Though he can take the chances, but his targets would be shifted from long term goals to short term gains. That's another problem with low income investors..

[EluguHcman]

The risks around Bitcoin investment is centered on the individual investors psychological behaviors that particularly aims to grow rich overnight and while the market volatility is unpredictable, it gives confidence for investors to be successful in healthy states if only they invest for a long time goal.
Maybe not less than 4 years will be recommend able in order to participate in the long term pattern of the 4 years cycle of the Bitcoin market. Perhaps the decision will allow you tolerate the short term performance without panic over downtrends volatilities.

I think the problem with new investors are just the kind of information they feed themselves with. They make encounter with the wrong sets of people who are profit minded thus the reason why most of them thinks the crypto space is a short term, rich quick scheme. Indeed you can make profits from the market but short term practices have proven not to be profitable because you can lose both your capital along the line. It's better to be patient whilst investing in the crypto market, bitcoin to be precise should be your major target.

Some newbies are so adamant that they mislead themselves. Believe me that there are enthusiasts who are newly develops interests to invest in the crypto industry are often self-deluded that they ignors to listen to what the experience users guiding them tells them.

Some will be so ignorant to admit the risk of making decisions of what coin rhwy should invest on and while the guidance is referring them to assets considering their reliability, valuability and long term potential values such as Bitcoin, they ( ignorant newbies) will have different insight arguing they want to buy coins that will bring them quick profit profits defending their impatient mindedness without considering the risks behind.

[joniboini]

they ( ignorant newbies) will have different insight arguing they want to buy coins that will bring them quick profit profits defending their impatient mindedness without considering the risks behind.

I never argued or see one so far. Some of them are definitely stubborn, not to the point of ignoring what happened to them when they make bad decisions though. Sometimes you can tell if someone genuinely believes their argument or they're arguing just for the sake of it. After years on social media I tend to ignore people who are too extreme for my own benefit. It's not like discussing with them will change anything to begin with. A genuine newbie or someone who wanted to learn would probably search and read a ton before they make post or argue with someone.

[SilverCryptoBullet]

I have come to realize that lot of newbies are contradicting the risks of Bitcoin investments to the risk of having your bitcoins secured from losing it.

Bitcoin investment includes many things like your finance preparation for investment capital, savings for emergency fund, and security of your bitcoins too. If you can not secure your bitcoins well, your investment won't be well in the long term because if you lose your bitcoin, your investment portfolio will not give you any profit.

One of most important things to do with investors is know which Bitcoin wallets are good to use for storing bitcoin, and how to use those wallets rightly too.
How to backup a seed phrase.
Secure your wallet.

[Patikno]

Securing your Bitcoin is a different thing challenge which is where self custody have to play in whereas, you are at the possession to control your funds by yourself just to make sure your funds is secured.
Perhaps using the non custodian wallets that resists third parties (authorities) from controlling your funds unlike the bank gives you the opportunity to be privilege to utilize the Decentralized concepts of the Bitcoin.
It is also important to underline it that the risks of your funds securities rest upon the manner of storing or controlling your seed phrases and how you maintain an extreme Privacy because if another party gets reach to your seed phrase can give them access to your wallet and your funds can be stolen without your consent except it is a multisig wallet where if ones keys is misplaced the funds remains safe until the required keys are completely provided.

Let us also mentioned the custodian wallets which only gives users login access to facilitate transactions while the platform take hold of your crypto keys meaning you can be regulated while using the exchange.
Hence, the system is also vulnerable for online hackers to steal your funds.
Also underline it that it is risky to entrust your private keys on the third party.

Other means that can keep your funds to risks is clicking of malicious links, installing and downloading poisonous softwares in your device etc.

With all being outlined, enthusiasts having interest to invest in Bitcoin feels skeptic and blunder with the risks surrounding the technologies. And in summary, the Bitcoin and Blockchain feel very safe while the ball is always at your court.

Custodial wallets carry more risks, while non-custodial wallets only have one risk (and, that is only due to personal error).

- Custodial Wallets
First : the risk of personal error can occur due to negligence (or, mistakes). Whether it is losing account access or being hacked.
Second : the risk of third-party error. Your funds could be in trouble when entrusting them to a third party, whether due to the bankruptcy of the company or internal issues they are experiencing. We can find several cases of such cases.
Third : the risk of regulatory changes. You could run into problems if a third-party changes its rules, which could result in your funds being held.

- Non-Custodial Wallets
Only one risk : personal error.

Of these risks, do you still want to choose a custodial wallet to store your Bitcoin? I hope you have already decided to answer "No". Therefore, choose a "non-custodial wallet" as your priority, and choose as your freedom (without anyone controlling). Always remember, "Not Your Keys, Not Your Bitcoin".

Beginners should understand the basics of crypto, especially how to secure your wallets, and be vigilant in every activity they undertake. Avoid reckless actions, don't be easily swayed by information you receive, verify its truth, and always be skeptical. So, by this way, your Bitcoin won't run into problems in the future.

[Sammye3]

The risks around Bitcoin investment is centered on the individual investors psychological behaviors that particularly aims to grow rich overnight and while the market volatility is unpredictable, it gives confidence for investors to be successful in healthy states if only they invest for a long time goal.
Maybe not less than 4 years will be recommend able in order to participate in the long term pattern of the 4 years cycle of the Bitcoin market. Perhaps the decision will allow you tolerate the short term performance without panic over downtrends volatilities.

I think the problem with new investors are just the kind of information they feed themselves with. They make encounter with the wrong sets of people who are profit minded thus the reason why most of them thinks the crypto space is a short term, rich quick scheme. Indeed you can make profits from the market but short term practices have proven not to be profitable because you can lose both your capital along the line. It's better to be patient whilst investing in the crypto market, bitcoin to be precise should be your major target.

Some newbies are so adamant that they mislead themselves. Believe me that there are enthusiasts who are newly develops interests to invest in the crypto industry are often self-deluded that they ignors to listen to what the experience users guiding them tells them.

Some will be so ignorant to admit the risk of making decisions of what coin rhwy should invest on and while the guidance is referring them to assets considering their reliability, valuability and long term potential values such as Bitcoin, they ( ignorant newbies) will have different insight arguing they want to buy coins that will bring them quick profit profits defending their impatient mindedness without considering the risks behind.

The world is a joke right now. Everyone wants to be a Bitcoiner, everyone wants to talk about Bitcoin, everyone wants to have an opinion on investment discussion. I am so tired and sick of what's really happen, because it is hard to differentiate the real from the fake in the world right now. The other day on YouTube, the words coming out from a complete newbie in Bitcoin who just opened a channel was extremely misleading. This is what genuine newbies who are eager to learn have to face in this generation.

[EluguHcman]

Of these risks, do you still want to choose a custodial wallet to store your Bitcoin? I hope you have already decided to answer "No".

On behalf of some other newbies I have encountered, you should speak for yourself pertaining what type of wallet to be used in storing your funds. This is what I get as response after detailing them about the differences of transaction fees and transaction speeds between sending Bitcoins off-chain and on-chain.

So they don't even care about the KYC and because they don't know the value in taking full control of their funds, they think giving the authorities the privilege to control the funds is best safe for them.
Indeed ignorance is disease

Unfortunately they want a fast and cheap means of process their transactions but they ignores the risks behind.

[SeriouslyGiveaway]

- Non-Custodial Wallets
Only one risk : personal error.

Of these risks, do you still want to choose a custodial wallet to store your Bitcoin? I hope you have already decided to answer "No". Therefore, choose a "non-custodial wallet" as your priority, and choose as your freedom (without anyone controlling). Always remember, "Not Your Keys, Not Your Bitcoin".

With Bitcoin wallets, there are two most important technical criteria: Non-Custodial and Open-Source. Don't forget the importance of Open-Source (Reproducibility).

With a non custodial wallet but close source, the community don't know about the code and there are perhaps backdoors that can cause compromise in the future.

Wallet security checklist https://snout0x.com/crypto-wallet-security-checklist/
Check a wallet https://walletscrutiny.com/