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Author Topic: Security is more important than the high price of Bitcoin.  (Read 528 times)
sokani
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September 08, 2026, 05:41:45 PM
 #41

Of course, security nah di first thing anybody wey want buy Bitcoin supposed know first before anything. Nah to first know di right wallet to take keep di asset safe. Also, him go endeavour to know some of the techniques wey scammers dey use steal pipo funds like dust attack malware attack, phishing links, spoof messages and calls, and many more. If not, bad actor go steal di Bitcoin and all him effort and Bitcoin wey him don stack up over di years go just go in vain.
Abu-Naim
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September 08, 2026, 05:57:09 PM
 #42

Of course, security nah di first thing anybody wey want buy Bitcoin supposed know first before anything. Nah to first know di right wallet to take keep di asset safe. Also, him go endeavour to know some of the techniques wey scammers dey use steal pipo funds like dust attack malware attack, phishing links, spoof messages and calls, and many more. If not, bad actor go steal di Bitcoin and all him effort and Bitcoin wey him don stack up over di years go just go in vain.
Some people think that just have the money and use exchange to buy the Bitcoin is the main thing, they don’t usually think about the security of where the Bitcoin will be safe mostly because they are being introduced to the use of exchange instead of wallets; they will think once they can be able to set good password to their exchange, they are good to go.

Real investors learn more about everything including wallets and how to secure the wallets first before they go ahead to start their investment, that is when they can be able to keep their Bitcoin safe in their wallets and keep their wallet seed phrases safe. For those using exchange, they need to understand the difference between self custody and centralization, so that they will know the reason to avoid saving their investments with exchanges.

Humblevirus
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September 08, 2026, 06:04:24 PM
 #43

Before investing in Bitcoin, I think the most important thing is the security of Bitcoin.

What is the point if knowledge of security is not there and we invest in Bitcoin? It’s just that we are ready to give out our Bitcoin to scammers.Most people lose their Bitcoin to scammers, not because of anyone, but because they were not able to provide proper security for their Bitcoin investment. So, it is very important that the right steps about security should be known before investing.When people talk about having basic knowledge before investing, let’s know that learning how to secure Bitcoin is part of the knowledge that newbies are expected to get before investing. It’s not that we should just know how to buy and move Bitcoin only. As newbies, we should know the wallets that are best for saving Bitcoin so we can choose the best wallets.It is the lack of knowledge about security that leads people to choose custodial wallets over non-custodial wallets.

Sonia_123
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September 08, 2026, 10:54:26 PM
 #44

Without security no bitcoin, if Bitcoin was not properly secured by those that created it, I don't think it will be possible for us to be here talking about Bitcoin and how it has brought tremendous impact to the world's economy.

For those that sees the security of their bitcoin wallet as secondary does not really know what bitcoin is all about, they see it as an asset that can be attended to at anytime thereby not placing the security first which leads them to loss of their coins .

When you secure your coins you will have full assurance of(6 ree holding your asset for a long term since no one can temper it, it also gives you the ability to buy more bitcoin irrespective of the increase in price and free from scammers and hackerers
SDS11
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October 01, 2026, 06:31:08 PM
 #45

Before investing in Bitcoin, I think the most important thing is the security of Bitcoin. No matter how much the value of Bitcoin increases, if there is no security and someone loses the Bitcoins, they will never get them back, so for me, security is more important than the value of Bitcoin. We all know that the most important thing for the security of Bitcoin is the private key.

Yeah true. For bitcoin security is the number one thing, price doesn’t matter if your bitcoin got loss and once you loose your private key or seed phrase it’s gone forever and it can be recovered.
Most people forgot about security they just get excited over price they don’t know that security matters a lot in bitcoin. So, before thinking of how much profit you will make first learn about security.
Donk1
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October 01, 2026, 08:53:39 PM
 #46

Well being a crypto enthusiast comes with a lot of responsibility that you as an individual have to be aware of. It's more like a title of ownership.bsst to say Folks who prioritize the price of an asset like Bitcoin compared to their security do not understand the first rule of self custody, and it's really bad. Still security doesn't start from your seed phrase no, it starts from you as a person. And one way of being secure as a person is to be a grey man and avoid anything that will draw attentionto you, because they say a dead man has no say in the land of the living, so you see when you protect yourself, then you can protect your assets. That said mistakes often happen in this space, and while there are a lot of hackers and scams it doesn't mean anyone can't fall for them even if you prioritize security or not. It's easy to say no one is an exception from making mistakes, but not all are mistakes though because most folks are just irresponsible.So yeah we all just have to be aware of how we do stuff and take precise decisions, that's all.......

PVequalNRT
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October 01, 2026, 09:22:15 PM
 #47

Of course, security nah di first thing anybody wey want buy Bitcoin supposed know first before anything. Nah to first know di right wallet to take keep di asset safe. Also, him go endeavour to know some of the techniques wey scammers dey use steal pipo funds like dust attack malware attack, phishing links, spoof messages and calls, and many more. If not, bad actor go steal di Bitcoin and all him effort and Bitcoin wey him don stack up over di years go just go in vain.

How person go get Bitcoin but no go carry security serious go dy funny to me. Why you go suffer raise money come make investments you go come lose guard for security. The thing just be like say you suffer build house, you furnished am come out better things, after everything you come open door of the house and then come sleep and you dy expect say thief no go enter, na bad thing be that na.

People need to know say as you dy suffer they try make investment, na so scammers too dy watch. Back up your wallet and make sure say you save am for place wey be say nobody go fit access.
Dareo
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October 01, 2026, 10:06:39 PM
 #48

-snip-
Yes, because self custody does not mean just keeping the seed phrase inside your diary. Rather than, hiding your true self and money is also very much important. Nowadays, what is happening is whenever anyone earns money from cryptocurrency they show off their holdings via screen captures on social media platforms. In such circumstances, the hackers or scammers directly come to you. But still, the hardware wallet will protect your money if someone tries phishing attack or hacks your system. There is no such thing as forgiving yourself once again in decentralized systems. The banks always forgive you in case of your mistake and return your money, but crypto does not provide such facility if you invest here, your hard earned money goes forever. Hence the foremost step you must follow is to control your greedy attitude and behavior towards showing off things.

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