What is your risk tolerance on your investment?

[Gerdino]

When it comes to investment your risk tolerance is based on how good the financial knowledge you have is, from capital preservation to broker of choice and seed phrase security, because all these are what will grantee the safety of your Bitcoin investment.
Bitcoin with how volatility it is should not hold all one’s investment as diversifying is also very important to help with the risk part of Bitcoin when the market is bearish.
However, it is important to have an exit strategy if your portfolio cannot survive.

[Oyoyoma_yu]

This is no longer something new anymore as we know but one major thing we should be looking at is " what is your security level on your investment"?
From my observation, Bitcoin investment from people around here has sound so common nowadays where they are solidly focusing on a regular accumulation of Bitcoin, either through DCA or lump sum then forget about the security that is associated with their investments. People know that securing their seed phase is like a rhyme where they would be thinking that when they duplicate their seed phrase that their investments is secured.
But then, have you think of natural disaster? Things that you can't imagine to happen such as; flood, fire incident or something that is related to evacuations from your spouse or fiance where they wouldn't know when their visitor and anyone at home could get those their seedphrase being trashed.
If you know how important we should safeguard our investment then you would know how much important you should be able to secure your seed phrase without easily being compromised.

You are free to contribute to this topic here.

Many of us who invest in Bitcoin are only more interested about the profit we are going to make from our investment but it really ought not to be so, because when your investment is not secured hoping for profit is just useless. You can imagine investing in Bitcoin for years, and just because of neglegence you loose access to your your portfolio which you have built for years. Many investors have lost their Bitcoin asset this way, some misplaced their security codes or seed phrase, and some other lost their own through natural disaster, and also these should serve as  lessons to us so that we can enable protective measures, and possibly keep our security information where we can easily access it even when their is natural disaster.

[ASloveapg]

Honestly what I can say is that alot of people are focus on how they can buy and grow their bitcoin without even spending much time on planning for unforeseen situations. You see security just don't end up in backing up a seed phrase, instead the back up is supposed to survive damage and loss. And again another thing people hardly consider is succession planning, because if something happens to the owner, atleast trusted family members should be able to know how to access the funds safely and legally. An investment isn't fully secured if only when one person knows about it or only one person knows info about it.

It is true that most people only focus on investing and do not think about how important or necessary a seed phrase is to keep their investment safe. We do not know exactly when unexpected dangers will come, so it is very important to be aware in advance. We buy Bitcoin continuously for a long time, but at the end of the day, if we unexpectedly lose our seed phrase, then all our investments will be at risk. So it is very important to make a reservation for a good seed phrase backup.

This is right, we have to be very careful to keep our investments safe. I would suggest keeping 2 copies of the seed phrase, because if somehow one is lost, then the other copy can be used to protect your wallet. I have written the seed phrase of my wallet in my diary and kept it in my locker, keeping the seed phrase digitally does not seem very convenient to me, and so I also think it is safer to write it on paper.
This method is more effective, that you write the seed phrase in a diary, and keep it in your locker, and keep the pass of that locker secret, and if necessary, make another copy and give it to your most trusted person, such as your wife, so that if something happens to you, your wealth can be used by your family.

[Son Of Blockchain (SOB)]

This is right, we have to be very careful to keep our investments safe. I would suggest keeping 2 copies of the seed phrase, because if somehow one is lost, then the other copy can be used to protect your wallet. I have written the seed phrase of my wallet in my diary and kept it in my locker, keeping the seed phrase digitally does not seem very convenient to me, and so I also think it is safer to write it on paper.
This method is more effective, that you write the seed phrase in a diary, and keep it in your locker, and keep the pass of that locker secret, and if necessary, make another copy and give it to your most trusted person, such as your wife, so that if something happens to you, your wealth can be used by your family.

I support you guys cause the safety the investment lays in how safe we keep our seed phrase, not only that but also the kind of wallet we store our investment in, some store in exchanges, while there are some who use closed source wallets for storage but thd right thing to do is to store in an open source wallet and add extra security with passphrase.
 Instead of keeping it in your locker, i insist you should get a safe, it's more stronger and not easy to penetrate like some lockers, except if the locker is an iron one.

[Agathamay]

This is no longer something new anymore as we know but one major thing we should be looking at is " what is your security level on your investment"?
From my observation, Bitcoin investment from people around here has sound so common nowadays where they are solidly focusing on a regular accumulation of Bitcoin, either through DCA or lump sum then forget about the security that is associated with their investments. People know that securing their seed phase is like a rhyme where they would be thinking that when they duplicate their seed phrase that their investments is secured.
But then, have you think of natural disaster? Things that you can't imagine to happen such as; flood, fire incident or something that is related to evacuations from your spouse or fiance where they wouldn't know when their visitor and anyone at home could get those their seedphrase being trashed.
If you know how important we should safeguard our investment then you would know how much important you should be able to secure your seed phrase without easily being compromised.

You are free to contribute to this topic here.

Luckily enough we don't usually  get faced with natural disasters but the other illustrations you mentioned are possible, but let's be Nigerian enough to admit that, one of the Beba's we can safely secure our seedphrase is to back it up online which might not be very secure but that's one of the best ways to keep it safe against physical attack and we should always stay extra careful with safety as well when dealing with the cyber world.

I also agree that most times, people don't too discuss safety and security of our asset as we are more confused on discussion surrounding how to buy more neglecting security which is wrong.

[Fiasem20]

You are free to contribute to this topic here.

Dem no go fit underemphasize the importance of seedphrase backup.Your holdings fit enter the wrong person hand if you no manage and control your security wella.This matter of seedphrase many newbies neva know say dem no dey backup their seedphrase online,when you backup your seedphrase online e go dey exposed for scammers to compromise your account.Then even the storage method for seedphrase most people no sabi store their seedphrase,since the best storage method for seedphrase na offline e go good make you keep am for place wey nobody eye go reach most preferably e go good make you keep am for safe.Lastly since natural disasters like flood and fire fit destroy your paper backup e go good make you backup your seedphrase for stainless steel wey dey resist fire and water.

[Cleanshit]

When it comes to investment your risk tolerance is based on how good the financial knowledge you have is, from capital preservation to broker of choice and seed phrase security, because all these are what will grantee the safety of your Bitcoin investment.
Bitcoin with how volatility it is should not hold all one’s investment as diversifying is also very important to help with the risk part of Bitcoin when the market is bearish.
However, it is important to have an exit strategy if your portfolio cannot survive.

Knowledge is so much important and also risk tolerance do also depends on the persons financial condition and what you can afford to loss. The way somone with well paying and stable income and savings also may handle his or her Bitcoin volatility will be so different from a person that just investing funds that they may need for daily spends.

So I would say that one needs to check both it financial situation and knowledge before you choose tge amount of Bitcoin you will want to hold. Cause a proper risk management tell you how much more of Bitcoin you should hold from a start and a good security protects your BTC

[ejikeme24]

I have written the seed phrase of my wallet in my diary and kept it in my locker, keeping the seed phrase digitally does not seem very convenient to me, and so I also think it is safer to write it on paper.
This method is more effective, that you write the seed phrase in a diary, and keep it in your locker, and keep the pass of that locker secret, and if necessary, make another copy and give it to your most trusted person, such as your wife, so that if something happens to you, your wealth can be used by your family.

I don't think it's safe to write your seed phrase in a dairy, remember it's just an ordinary paper it can easily fade away, or what if water mistakenly splash on it? Although I don't know if this part you're in is affected by flood, but even though you don't experience floor in your end, yet I feel it's not safe to write your seed phrase in a paper. Why not look for a stainless steel and then write it there I believe it will be much more safer when you write it in a stainless steel than dairy because even if water mistakenly splash on it,  it  won't fade or get affected.

[letteredhub]

Luckily enough we don't usually  get faced with natural disasters but the other illustrations you mentioned are possible, but let's be Nigerian enough to admit that, one of the Beba's we can safely secure our seedphrase is to back it up online which might not be very secure but that's one of the best ways to keep it safe against physical attack and we should always stay extra careful with safety as well when dealing with the cyber world.

Am amazed and don't know if I should feel disappointed that even till now there are people like yourself that with all the hacks online that have gotten people to lose their bitcoins due to compromise of their mail information due to saving of their keys online as backup, yet you still think that the very best way to securely save our seed phrase is through online instead of having having it written on metal stainless and storing it in safe location where hackers or natural occurrence can't steal or destroy it.
Read this story: https://bitcointalk.org/index.php?topic=5593660.msg67127586#msg67127586

[Silverstonez]

Security is the most crucial thing when it comes to bitcoin investment, I wonder how many people only confused on accumulating bitcoin regularly and pay less attention to the security of their asset. I’m glad op mentioned nature disasters because they can ruin someone access to bitcoin and most us do not know about it, we only focus on buying bitcoin and not to how to properly secure and recover our assets when the unexpected happens.

[Agathamay]

Luckily enough we don't usually  get faced with natural disasters but the other illustrations you mentioned are possible, but let's be Nigerian enough to admit that, one of the Beba's we can safely secure our seedphrase is to back it up online which might not be very secure but that's one of the best ways to keep it safe against physical attack and we should always stay extra careful with safety as well when dealing with the cyber world.

Am amazed and don't know if I should feel disappointed that even till now there are people like yourself that with all the hacks online that have gotten people to lose their bitcoins due to compromise of their mail information due to saving of their keys online as backup, yet you still think that the very best way to securely save our seed phrase is through online instead of having having it written on metal stainless and storing it in safe location where hackers or natural occurrence can't steal or destroy it.
Read this story: https://bitcointalk.org/index.php?topic=5593660.msg67127586#msg67127586

So you totally believe that having it saved on a metallic stainless would totally be the best? Have we also thought of the possibility of the person who is writing it on the stainless stealing it?
And I believe creating those words on a stainless would cost money as well which I'm sure not everyone would be willing to give out and have you also considered the possibility of natural disaster maybe let's say an earthquake around the area you kept this metallic stainless, don't you think you'll loss your coin?

Everything in life has its merits and demerits.

[letteredhub]

Luckily enough we don't usually  get faced with natural disasters but the other illustrations you mentioned are possible, but let's be Nigerian enough to admit that, one of the Beba's we can safely secure our seedphrase is to back it up online which might not be very secure but that's one of the best ways to keep it safe against physical attack and we should always stay extra careful with safety as well when dealing with the cyber world.

Am amazed and don't know if I should feel disappointed that even till now there are people like yourself that with all the hacks online that have gotten people to lose their bitcoins due to compromise of their mail information due to saving of their keys online as backup, yet you still think that the very best way to securely save our seed phrase is through online instead of having having it written on metal stainless and storing it in safe location where hackers or natural occurrence can't steal or destroy it.
Read this story: https://bitcointalk.org/index.php?topic=5593660.msg67127586#msg67127586

So you totally believe that having it saved on a metallic stainless would totally be the best? Have we also thought of the possibility of the person who is writing it on the stainless stealing it?
And I believe creating those words on a stainless would cost money as well which I'm sure not everyone would be willing to give out and have you also considered the possibility of natural disaster maybe let's say an earthquake around the area you kept this metallic stainless, don't you think you'll loss your coin?

Everything in life has its merits and demerits.

It's definitely the best option of them all especially as it can't be compared to paper storage as far as disasters like fire, flood and it's likes are concern. If it's about who would be writing the phrase on the steel thennthys not a  problem. All I need Sonia take it to different places for the engraving, taking three words to four different ironsmith at different locations who wouldn't know each other or about those to be keys for a bitcoin wallet.

So does it get safe with paper writing in an earthquake situation? You gotta be kidding me if you think the demrit for a steel plate storage is worse than that of paper writing.

[Agathamay]

Luckily enough we don't usually  get faced with natural disasters but the other illustrations you mentioned are possible, but let's be Nigerian enough to admit that, one of the Beba's we can safely secure our seedphrase is to back it up online which might not be very secure but that's one of the best ways to keep it safe against physical attack and we should always stay extra careful with safety as well when dealing with the cyber world.

Am amazed and don't know if I should feel disappointed that even till now there are people like yourself that with all the hacks online that have gotten people to lose their bitcoins due to compromise of their mail information due to saving of their keys online as backup, yet you still think that the very best way to securely save our seed phrase is through online instead of having having it written on metal stainless and storing it in safe location where hackers or natural occurrence can't steal or destroy it.
Read this story: https://bitcointalk.org/index.php?topic=5593660.msg67127586#msg67127586

So you totally believe that having it saved on a metallic stainless would totally be the best? Have we also thought of the possibility of the person who is writing it on the stainless stealing it?
And I believe creating those words on a stainless would cost money as well which I'm sure not everyone would be willing to give out and have you also considered the possibility of natural disaster maybe let's say an earthquake around the area you kept this metallic stainless, don't you think you'll loss your coin?

Everything in life has its merits and demerits.

It's definitely the best option of them all especially as it can't be compared to paper storage as far as disasters like fire, flood and it's likes are concern. If it's about who would be writing the phrase on the steel thennthys not a  problem. All I need Sonia take it to different places for the engraving, taking three words to four different ironsmith at different locations who wouldn't know each other or about those to be keys for a bitcoin wallet.

So does it get safe with paper writing in an earthquake situation? You gotta be kidding me if you think the demrit for a steel plate storage is worse than that of paper writing.

My opinion wasn't even about paper storage but rather digital storage which I believe with the right safety and security practice, we can safely store our phrase especially when we are not holding so much of coin and I believe as a typical Nigeria, that means of trying to get different people from different locations engraving those words which isn't a bad idea but it's really time consuming and from what you said, it seems you're not intending using only one sheet of the stainless but multiple sheets which becomes not just time consuming but stressful and at the end of the day, it becomes too bulky to use.

What I'm trying to say in essence is that, for someone who is not holding so much coin and for the sake of convenience, one can use online wallets and with the right safety and security measures, the safety of their assets is assured.

[Cityhunter34]

It is absolutely not just about investing in Bitcoin for long term, but about taking a proper security measures and knowing that anything can happen at any time. So it is very important for people who are still not aware that things can easily go wrong when we don't expect it, because Bitcoin investment is not all about making money.

There are many things involved in Bitcoin investment, which is absolutely why we need to make things easier for us at all times.

[Chilwell]

Providing proper security for an investment is very important, especially in Bitcoin investment. Without proper security, Bitcoin investment is not really us. That is why we have also been warned against leaving our Bitcoin on exchanges, because it is not the proper way to provide security for our Bitcoin investment.if someone's Bitcoin is kept on an exchange, he or she is not the only person who may have access to it. Therefore, our Bitcoin should be stored in a non-custodial wallet, and the seed phrase should be properly saved and protected. Our seed phrase should be stored in such a way that even if a natural disaster occurs, it will still be accessible only to us or to a trusted person whom we have given access.The seed phrase is very important because it is the key to accessing our Bitcoin investment. Without properly securing the seed phrase, our Bitcoin investment is at serious risk, and we could lose it easily.

A lot of people joke with this seed when they are asked to write it down, to be honest it always look very difficult whenever you are setting up a wallet, but I have made that mistake in the past which was the reason why I learn how to write it down on paper. I don't joke with it because it is my investment.

I don't feel comfortable for someone to live his investment in the exchange, just as you said earlier it is very dangerous because you are not the only one that have access to that exchange that is why it is better for each and everyone of Us to make use of non-custodial wallet, so that he will be safe with the danger involved in cryptocurrency. Writing seed on a paper and keep in a very safe place is the most important thing when it comes to bitcoin investment, because anyone can see it and temper with your Bitcoin, so let's be careful.

[adultcrypto]

A lot of people joke with this seed when they are asked to write it down, to be honest it always look very difficult whenever you are setting up a wallet, but I have made that mistake in the past which was the reason why I learn how to write it down on paper. I don't joke with it because it is my investment.

I don't feel comfortable for someone to live his investment in the exchange, just as you said earlier it is very dangerous because you are not the only one that have access to that exchange that is why it is better for each and everyone of Us to make use of non-custodial wallet, so that he will be safe with the danger involved in cryptocurrency.

The only money that should be left in exchange is money that is used for trading for those that trade or the amount that the person wants to use for something else that is not holding. For investment and long term holding, a non-custodial wallet is important since that gives the person full control of his money.

Writing seed on a paper and keep in a very safe place is the most important thing when it comes to bitcoin investment, because anyone can see it and temper with your Bitcoin, so let's be careful.

Papers may not be the best for storing seed phrase necause moisture can destroy it. The best should be to engraved the seed phrase on water resistant steel flat and store safely.

[MisFoxie]

have you think of natural disaster? Things that you can't imagine to happen such as; flood, fire incident or something that is related to evacuations from your spouse or fiance where they wouldn't know when their visitor and anyone at home could get those their seedphrase being trashed.

OP you have opened an interesting topic. I never even thought that natural disasters like earthquakes and floods could completely destroy my seed phrase setup. I specially built the seed phrase so that it can be protected from fire accidents. But I did not think much about other natural disasters.

For now I don't have much fund so I am not keeping seed phrase in bank vault but when the funds become much larger I will try to keep them in two different banks at different locations. Of course I will add a strong passphrase so that if somehow it falls into someone else's hands they cannot access my wallet.

[Cryptomultiplier]

It is absolutely not just about investing in Bitcoin for long term, but about taking a proper security measures and knowing that anything can happen at any time. So it is very important for people who are still not aware that things can easily go wrong when we don't expect it, because Bitcoin investment is not all about making money.

There are many things involved in Bitcoin investment, which is absolutely why we need to make things easier for us at all times.

To have the mindset that anything can happen at anytime as far as our Bitcoin investment is concerned makes it all the more important to not only trust old methods of securing our seed phrases but also look for new inventive ways that could be very beneficial to us like a post I read on this forum sometimes back that looked at how instead of using paper to write our seed phrases and keep it somewhere safe, we could also learn to use engraving pen on metal backup or even use something like invisible ink or something we know we can keep safely in a vault somewhere or anywhere in the world that even if natural disasters or fire or theft incidents happen, we can always be sure to retrieve our investment in a hardware wallet using any of the backups we have kept aside.