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. If you store it well, your money will be safe. The key to your wallet is the real control, so first, instead of focusing on the price, focus on how to keep them safe and secure by purchasing Bitcoins. As the saying goes, protect your wealth before profit, so it is very important to think about the security of Bitcoin instead of focusing on its value. To keep your Bitcoins safe, you need to keep the seed phrase offline in a safe place so that they are not lost in the future. Nowadays, it is seen that many people do not worry about the security of Bitcoin, but rather are happy when its value increases. But think about it: once the bitcoins are lost due to lack of security, they can never be recovered and you will only regret it if the price increases.
Bitcoin is decentralised which means you’re in control of your coins, you’re your own bank, whatever you do is on your hands, your freedom and your doom. So folks should always take security seriously. You can’t afford to be careless or less affair with your investments.
But one thing I’ll like to add is you wouldn’t because you want to know all about security and postpone or procrastinate getting started. You have to start accumulating small before delving deep into security. Because what are you protecting when you’ve not started, when you already have coins then it gives you a practical learning experience.
A new investor shouldn’t be thinking of price, rather they should find ways of accumulating and improving their portfolio.