How to Develop a Security Mindset Before Buying Your First Bitcoin.

[Insanity]

Your bitcoin security should be the first step you have to take before taking the bold step to acquiring bitcoin, but should I say they are carried away with the returns they will  get from bitcoin and so all they do is to start purchasing bitcoin forgetting that without security your portfolio is at risk and at the hands of  scammer and other dangers.

it's not that deep but it is truly a step you should not take for granted though. Why I won't want anybody to take it for granted is because bitcoin is something many people are currently exploring and it won't be a good thing to see your earned money disappear because of your poor security fix. So as you are trying to set up your account for the first time, the first thing you should do is to make sure your bitcoin security is tightened. Ask the important questions so you can be properly guided and not start investing in bitcoin blindly. Bitcoin can be profitable but losing your money can also be demoralizing.

I do agree that security should be the basis before purchasing your first Bitcoin. The first thing many novice traders miss is considering their own risk factors when they are trading. Simple security precautions like setting up strong passwords, setting up two factor authentication, securing recovery phrases and scanning and avoiding phishing can save costly missteps. Bitcoin brings one of financial freedom, but also imposes responsibility on the user. It's not difficult to build a security minded attitude before investing, but it can be the difference between keeping your assets safe or losing them to a preventable security breach.

[knowngunman]

Last but not lease, security is not a one time task, so think long term because it is an ongoing process. the security habit you develop today can protect you from losing years into the future. most people, especially newbies lose their bitcoin investments because they focus more buying and ignoring how to secure them.

The problem is they tend to focus on the positive side (profit) more than the negative side that is mostly associated with the security part. But I don't blame them, I blame some people that claim to promote bitcoin on one side narrative. Most newbies never try to verify what they have heard about anything, they rely on what they hear to take action. When you tell them about the potential profit in bitcoin without telling them about the security security architecture, you're indirectly misleading them to sow what they will probably not reap. Security should always come first before any other thing. What's the point of rushing to buy something that you have not plan how to make sure it is secured?

[Dex_master25]

Your bitcoin security should be the first step you have to take before taking the bold step to acquiring bitcoin, but should I say they are carried away with the returns they will  get from bitcoin and so all they do is to start purchasing bitcoin forgetting that without security your portfolio is at risk and at the hands of  scammer and other dangers.

I think so far that security of ones wallet is the most important lesson to learn before even learning how to invest to make profit from Bitcoin investment. I don't think I know so much unless I know the best way to secure my portfolio on a decentralized system not even a centralized one, because I believe the centralized systems function for quick trades and profit and funds shouldn't be kept there for long and with all the bans and scrutiny of the government as revolves around regulations and monitoring in my country, it is even more of an important topic to consider before investing in Bitcoin, before we then start talking about scammers and hackers and phishing attacks that may come as false fruits with nice fragrance.

[yixichloro2xx]

You are right, one thing I will also like to add to this is overconfidence. This sometimes catches people off guard. After gaining lots of experience and knowledge with Bitcoin, some usually feel too comfortable and ignore their investments safety because they feel that nothing of such will ever happen to them. That is usually when life will now decide to punish them a little through little mistakes.  People don't even try to read or understand what they are clicking, which prevents them from seeing red flags. Sometimes staying safe is less about what you know and more about not becoming too comfortable with routine. Apart from our normal DCA strategy our wallet security should also be a strong concern to us and shouldn't be ignored always.