Bitcoin Is Becoming Easier To Buy, But Harder To Secure

[Bitcoin-Forever]

Bitcoin is easier to acquire an also very affordable to maintain high security measures, all that may be required of us to learn an ensure that we take the necessary measures to control our asset from being taken by other scam actors willing to pretend in other to steal from us, many that you see for a victim today in cryptocurrency do lack the necessary information about security measures to be taken, this is why we cannot joke with privacy and also know what is expected of us to do when it comes to securing our digital assets from scam.

[Adams0001]

It is important to have a good knowledge about Bitcoin before joining the train as an investor. Most Bitcoin mentors only tell there mentee the good side about Bitcoin leaving the other side alone until they find themselves in a tight corner before they will realize that Bitcoin is beyond the surface name it bears.
Some have good mentor who have explained everything about Bitcoin to them, but because they and lazy of careless they might lose it to the hands of scammers who are looking for people with less consciousness to steal from.
Buying Bitcoin is not easier to buy and hard to secure because they both have same space an strength value, allit needs is consciousness.

Bitcoin requires knowledge before you can understand is better and invest in it. Most people securities is there issue, they always find it difficult to get full understanding about there private key. Some misplaces it and continue keeping their coin without looking for alternative to recover their phrase, and when they lost their wallet in their system, he becomes regret to them because they can’t get access to there coin anymore. When you’re new to bitcoin, is always advisable to get a mentor to explain things to you, so that he won’t be difficult for you to achieve your goal when you start getting the benefits.

[sotelorene]

From the topic, I don't think Bitcoin is ever hard to buy or purchase rather it was just human that was making it look like it was some kind of difficult something to do and that was because they don't have the basic knowledge of what Bitcoin is all about. However, where the main challenge lies is, the patient to accumulate and hold for a long period of time and also using discretionary income to accumulate it, someone who doesn't have patient should not think of going into Bitcoin investment.

[Ever-young]

From the topic, I don't think Bitcoin is ever hard to buy or purchase rather it was just human that was making it look like it was some kind of difficult something to do and that was because they don't have the basic knowledge of what Bitcoin is all about. However, where the main challenge lies is, the patient to accumulate and hold for a long period of time and also using discretionary income to accumulate it, someone who doesn't have patient should not think of going into Bitcoin investment.

You have a point there mate. The only time that Bitcoin had ever been difficult to acquire was when people didn’t really understand how it worked. E get this adage wey our people Dey always talk, and the adage talk say wetin person no sabi na e big pass am, and na the only thing wey make Bitcoin look like say e hard to get. When you no sabi anything about something, that thing go be like very big thing, but the moment you come understand am, you go come see say nothing real Dey there.

[PVequalNRT]

Bitcoin is easier to acquire an also very affordable to maintain high security measures, all that may be required of us to learn an ensure that we take the necessary measures to control our asset from being taken by other scam actors willing to pretend in other to steal from us, many that you see for a victim today in cryptocurrency do lack the necessary information about security measures to be taken, this is why we cannot joke with privacy and also know what is expected of us to do when it comes to securing our digital assets from scam.

Some people say Bitcoin is harder to secure but when you look at it very well, it's the easiest asset to secure. The rule is keep your private key and seed phrase secure, if you can keep this away from the rest of the world, there is nothing in this world that is techy enough that will have access to your Bitcoin but it seeks this is too hard to ask for people that want to keep Bitcoin. This is how Bitcoin is designed to work, it can never be centralized for anyone interested.

We also need to have Bitcoin education, it does not have to be intensive education, some people buy Bitcoin and want to keep Bitcoin but they don't want to have knowledge, this is why scammers get access to their Bitcoin and their information.

[Salahmu]

Some basic actions to consider that could save your Bitcoin:

• Remember always to use the official website or app.
• Double check any receiving address before sending any money.
• If sending a large transfer, then send a small one first.
• Don't share your Seed Phrase or Private Key with anyone.
• Don't keep all your bitcoins on an exchange.
• Enable Two-Factor Authentication, if you are using an exchange.

Yeah in getting an exchange app the website is more reliable than searching for it on the app store because is a free market for scammers to confuse people with a related app that if you are not sure you could download the wrong one but there wouldn't be any mistake if it should be from the website. Although I don't agree with the transferring of small amount to test the address first because why sending any amount if you are not sure of the receiving wallet, so long as it was the right wallet you wouldn't send to the wrong person. 2FA Authentication is not the ultimate security but is important to have it if is recommended on any platform you are.

[Crytohillss]

From the topic, I don't think Bitcoin is ever hard to buy or purchase rather it was just human that was making it look like it was some kind of difficult something to do and that was because they don't have the basic knowledge of what Bitcoin is all about. However, where the main challenge lies is, the patient to accumulate and hold for a long period of time and also using discretionary income to accumulate it, someone who doesn't have patient should not think of going into Bitcoin investment.

You have a point there mate. The only time that Bitcoin had ever been difficult to acquire was when people didn’t really understand how it worked. E get this adage wey our people Dey always talk, and the adage talk say wetin person no sabi na e big pass am, and na the only thing wey make Bitcoin look like say e hard to get. When you no sabi anything about something, that thing go be like very big thing, but the moment you come understand am, you go come see say nothing real Dey there.

Absolutely most things only look difficy when we don't take time to understand them. Bitcoin is a good example the more people study about how it works, the less mysterious it becomes. So many of the fear can from lack of understanding but not necessarily from the technology. Most times is lack knowledge will make things look very hudge than they really be. Once people take time to know how Bitcoin looks one can start seeing it differently Yes knowledge truly changes our perspective.

[fredericktaylor]

From the topic, I don't think Bitcoin is ever hard to buy or purchase rather it was just human that was making it look like it was some kind of difficult something to do and that was because they don't have the basic knowledge of what Bitcoin is all about. However, where the main challenge lies is, the patient to accumulate and hold for a long period of time and also using discretionary income to accumulate it, someone who doesn't have patient should not think of going into Bitcoin investment.

You have a point there mate. The only time that Bitcoin had ever been difficult to acquire was when people didn’t really understand how it worked. E get this adage wey our people Dey always talk, and the adage talk say wetin person no sabi na e big pass am, and na the only thing wey make Bitcoin look like say e hard to get. When you no sabi anything about something, that thing go be like very big thing, but the moment you come understand am, you go come see say nothing real Dey there.

Yes, Bitcoin is still what it was before but in the beginning, people thought Bitcoin was complicated, they kept themselves away from Bitcoin, because of which the whole thing seemed more complicated to people. When we start thinking about something complicated before doing it, it will seem much more complicated or troublesome in reality. In the beginning, people did not understand or did not try to understand what Bitcoin is and how it works, because of which it seemed more complicated to the general people. I think it is very important for the investor to have basic knowledge about Bitcoin before starting to invest in Bitcoin so that the investor does not lose confidence quickly and face losses.

Absolutely most things only look difficy when we don't take time to understand them. Bitcoin is a good example the more people study about how it works, the less mysterious it becomes. So many of the fear can from lack of understanding but not necessarily from the technology. Most times is lack knowledge will make things look very hudge than they really be. Once people take time to know how Bitcoin looks one can start seeing  it differently Yes knowledge truly changes our perspective.

Knowledge helps people to succeed, so the more we research Bitcoin, the less complicated we will find Bitcoin to be, when we don't know anything about a subject it seems to be a lot of trouble or a lot of trouble to us, and when we gain proper knowledge about that subject it doesn't see to be a lot of trouble or a lot of trouble, that's the reality. So, without distancing yourself, research information about Bitcoin.

[BItcoin Guy@]

Absolutely most things only look difficy when we don't take time to understand them. Bitcoin is a good example the more people study about how it works, the less mysterious it becomes. So many of the fear can from lack of understanding but not necessarily from the technology. Most times is lack knowledge will make things look very hudge than they really be. Once people take time to know how Bitcoin looks one can start seeing it differently Yes knowledge truly changes our perspective.

That is the problem, most of us don’t understand how bitcoin always goes. We just focus on getting profit, because bitcoin is easy to invest. Because I don’t see anything hard when investing in it, but to secure is the hardest thing. But when you’ve patience and keep your self calm, and chase the knowledge and get experience about it, he makes things go easier for you. Bitcoin is different from other coin, and that make it good and look spacial. When you have bitcoin in your wallet, you’re already a good investor, because you will be value then others.

[Sammye3]

~snip

Security is as important as bitcoin investment, ownership is a call for better security and that is important for every investment. There are so many scam schemes that scammers use to steal bitcoin, some ways we know and others we are unaware of due to lack of information and research.

To stay ahead of scammers, it is important to always stay updated on not only your investment but also ways on how to improve securing your investment. You do not need to lose your seed phrase before thinking of securing your bitcoin, because you could still lose your assets regardless depending on what wallet or exchange used or what activity you engage in using your wallet.

[Son Of Blockchain (SOB)]

Absolutely most things only look difficy when we don't take time to understand them. Bitcoin is a good example the more people study about how it works, the less mysterious it becomes. So many of the fear can from lack of understanding but not necessarily from the technology. Most times is lack knowledge will make things look very hudge than they really be. Once people take time to know how Bitcoin looks one can start seeing it differently Yes knowledge truly changes our perspective.

That is the problem, most of us don’t understand how bitcoin always goes. We just focus on getting profit, because bitcoin is easy to invest. Because I don’t see anything hard when investing in it, but to secure is the hardest thing. But when you’ve patience and keep your self calm, and chase the knowledge and get experience about it, he makes things go easier for you. Bitcoin is different from other coin, and that make it good and look spacial. When you have bitcoin in your wallet, you’re already a good investor, because you will be value then others.

Well it depends on the wallet, keeping it in exchanges is not a good way of investing. For instance, Bitmart talked about shutting down recenty, imagine if they never gave withdrawal time frame for those who's coins are stored in the exchanges. Moreover people claim self custody is the way forward but still safe in exchanges, if they think self custody is better why would dey even store the coin in an exchange?
 Those who truly value self custody would know that they shouldn't store their coins in wallet where self custody isn't guaranteed or a third-party could have access to and exchanges doesn't guarantee self custody so they should be avoided for saving Bitcoin.

[cocadalcan]

Bitcoin is easier to acquire an also very affordable to maintain high security measures, all that may be required of us to learn an ensure that we take the necessary measures to control our asset from being taken by other scam actors willing to pretend in other to steal from us, many that you see for a victim today in cryptocurrency do lack the necessary information about security measures to be taken, this is why we cannot joke with privacy and also know what is expected of us to do when it comes to securing our digital assets from scam.

You say that acquiring Bitcoin is easy but I disagree with you. You can easily start by learning basic knowledge about Bitcoin but it is not easy to save Bitcoin in the long term.

Use Non-Custodial Wallets to keep Bitcoin safe. Choosing the best wallet is important to keep Bitcoin safe. Write down the wallet's security key and seed phrase and keep multiple copies of it in a safe place. This is a safeguard against losing this digital asset.

Check out reliable Non-Custodial Wallets at this link: https://www.cobo.com/post/best-non-custodial-wallet

[CryptopreneurBrainboss]

I would say it is as important to learn to protect your Bitcoin as learning to buy them. If someone steals Bitcoin or any other cryptocurrency, it's nearly impossible to get them back.

The blame should be put on the centralized services coming into the industry, we have many of them so they are making it easy for people to acquire Bitcoin but also misleading them by allowing them to think that hodling Bitcoin on their platforms are safer than non-custodial wallets.

Most of the wallet popular these days are centralized and those that claim to be decentralized really aren't since there is still a little bit of control from the app developers. With a click of your phone you can easily buy Bitcoin but the difference is that you don't really know if you own that Bitcoin and until you are able to move the Bitcoin from the platform which you bought it from into your personal wallet then you can really tell yourself that you own Bitcoin.

I have seen people buy Bitcoin with their visa/master card and also use other payment method which does not take up to 5 minutes for them to buy Bitcoin but again we should not be so relaxed and think that this centralized platforms have our best interest at heart, as we only have control when we own our seed phrase/private key.

[IceLincoln]

Once anybody starts holding bitcoin, the next step is securing your investment. The early learning phase of an investor should include learning about security of their bitcoin, everything involved, the dos and don’ts and how to safely navigate the transactional network.
Centralised exchanges came to make things easier but it’s not without its disadvantages so one has to be careful in using them. In this space, security and safety is in your hands and the popular quote “not you keys, not your coins” should be a deterrent.

[PremiumcryptoHub]

From the topic, I don't think Bitcoin is ever hard to buy or purchase rather it was just human that was making it look like it was some kind of difficult something to do and that was because they don't have the basic knowledge of what Bitcoin is all about. However, where the main challenge lies is, the patient to accumulate and hold for a long period of time and also using discretionary income to accumulate it, someone who doesn't have patient should not think of going into Bitcoin investment.

Buying Bitcoin is becoming easier but keeping it safe is becoming harder i disagree with you on this because with some specific principles, it may be possible to keep our investment portfolios purchased with our earned Naira safe. In fact, I believe that an investor does not only have the opportunity to achieve success by buying Bitcoin but also to store his holdings safely, and keep his BTC wallet safe from fraudsters.

It is also true that the main challenge of storing Bitcoin is to patiently store and hold it for a long time and use discretionary income to store this Bitcoin, and the rule of thumb for keeping this portfolio safe is to keep the seed phrase and private key secure, thereby making the portfolio of every investor in this country more secure.

[NewRevelation]

Once anybody starts holding bitcoin, the next step is securing your investment. The early learning phase of an investor should include learning about security of their bitcoin, everything involved, the dos and don’ts and how to safely navigate the transactional network.
Centralised exchanges came to make things easier but it’s not without its disadvantages so one has to be careful in using them. In this space, security and safety is in your hands and the popular quote “not you keys, not your coins” should be a deterrent.

Anything that has advantages also have disadvantages also. These centralized exchange ls would also have there loopholes and everyone must be alert while transacting.  You can't be careless with your seed phrase or sample it anyhow and expect a safe keeping or storage of your assets. Normally, you don't know who is after you, plus the fact that some persons will always showcase of brag publicly about there portfolio and make people raise eyebrows about there holdings. If we keep all safety nets well preserved, and you play cool, we believe your coins might stay safe or else you mess around with them. Safety is very important in the would or Bitcoin.