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    Author Topic: Does the DCA strategy inspire newbies to invest?  (Read 28667 times)
    BluebloodCXVI
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    May 31, 2026, 01:27:27 PM
     #2001

    No one is saying that you shouldn't store your long term bitcoin holdings in a self custody wallet but for a brand new investor who is a no coiner, he doesn't need to start learning about wallets when his discretionary income is available because that will delay him from getting start. You don't need anything that will delay you.

    Wallet is the technical aspect of Bitcoin and a brand new investor might fight it difficult to understand it immediately, because it's not everyone that can catch up things fast. There's nothing wrong if the brand new investor starts buying Bitcoin from an exchange and keep the money there while, he continues to learn about which wallet will be his preferred one.

    Don't forget that if you rush into using a wallet in the beginning, you might make the wrong choice because you don't know a noncustodial and open source wallet which will also put your bitcoin investment at risk. Just like some newbies who are using Trust Wallet and they will agree with you that it's a good Wallet.

    To be clear, Trust Wallet is not a good wallet, since it is closed source and it is run by Binance. 

    With wallets it is better that they are open source and don't have any potential back doors that might be present when they are run by a third party.
    You can call me what you want but if I’m gonna be using a wallet with my private keys then I’d rather be using the one that it’s software is fully open source and can be independently verified by anyone instead of me to be relying on the assurances from a company. The mere fact that trust wallet is even owned and operated by binance is just adding another layer of trust that most people like me would prefer to avoid,i got trust issues sorry.

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