I LOST MY #BITCOIN
Rushing into self-custody without adequate preparation risks loss of funds due to theft or technical mishaps.
Self-custody for Bitcoin requires time to understand and design a proper security system due to its unique nature.
Unlike traditional assets, Bitcoin is decentralized and relies on cryptographic keys for ownership.
Securing these keys is paramount, involving practices like hardware wallets, multi-signature setups, and backups. Understanding these concepts and implementing them effectively takes time and education.
Therefore, dedicating several hours to grasp the intricacies of Bitcoin security and designing a robust system is essential for safeguarding one's assets in the long term.
I almost lost them for not taking the time to learn but I’m good in case you were wondering, I have a good design #multisig multi geography setup 🫡