Knowledge about wallet security is better placed as the most important thing, even more than basic knowledge because knowledge about wallets is the foundation for long-term investment sustainability.
I think JayJuanGee's post can be read below on your answer to my post above.

Placing expensive and valuable assets like Bitcoin must be serious because it is not the same as gambling which is easy to lose or get big money. Bitcoin investment is not just an investment but has a clear goal during the investment period.

I never said that learning about wallets is basic knowledge that must be known before getting started investing into bitcoin.

I agree  learning about wallets is important, but getting started investing into bitcoin with money (but also  time and  engergy) is much more important, and you don't necessarily need to know about wallets when you first start investing into bitcoin.

Of course, the larger your bitcoin investment, the more important it becomes to aim towards storing your bitcoin yourself rather than keeping them on custodial services, and the threshold regarding how much bitcoin anyone is willing to keep with custodial services is going to depend on individual circumstances, yet at the same, time I would think that most people should be striving to protect their own interest in regards to not keeping too many coins with custodial services.... because there are a variety of ways in which custodians can lock you out of your coins.. but if you also are not very responsible person, then you have to learn how to be responsible if you are going to make sure that you guard your private keys once you do start to use a private wallet.  Guarding keys with backups and don't  overly complicated it and don't leave your keys vulnerable, since anyone who gets your keys has abilities to get your coins and transactions are not reversible once they move the coins to their own keys  or to the keys of someone else or cash them out.

So learning about bitcoin wallets is not a prerequisite to getting started in bitcoin, even though learning about wallets is an important and powerful thing.. .At the same time, some people might be challenged in their abilities to learn about bitcoin wallets and to put their learning into practice without screwing up.

You are right Sir, I still remember when I started my journey in Bitcoin, everything was done in exchanges include storing the little Bitcoin I had then. I never knew the risk though because I felt the greatest task was protecting my login details to the exchange. It was after reading through things in this forum and also when my money increased I saw the need to adopt self custody. The news about hacks of exchanges were actually good motivation for seeking alternative means of protecting my Bitcoin. So then I started with Trustwallet and later learnt about the risk and the need to go for open source wallets. That was how I kept adapting and I can tell you that the entire thing was a learning process and the good thing is that I was already invested in Bitcoin while learning and this made me take the learning seriously because without financial commitment, you might not really have first hand experience.

Even if someone learn about the various wallets without starting with the least amount as investment, such knowledge is not considered effective. Start buying Bitcoin and the learn various ways of improving the process like choosing better storage systems and ways of buying to maximize the amount you can acquire.

If you read first message of this thread then it's one way to understand how storing Bitcoins in your own decentralized wallet is different then storing in custodian wallet. If you have your Bitcoins on some custodian exchange like Binance and you left your coins for more then 6 months without logging into your account then it's very likely that once you get back to access your account it might be blocked due to different reasons like non provision of facial ID etc. There are chances that your account might be active but then they might have deducted some of your bitcoins as part of some maintenance charges. These issues re very common when you store your coins on some exchange.

It's only your own wallet that will give you full coin whether you come back after one year, ten year or even more. 


Bitcoin has lot much stuff to learn not just the wallet. See the "Development & Technical Discussion"  section and one can find there is lot much to learn in bitcoin like ECDLP, secp256k1, digital signatures and more. If one is interested in learning the underlying technologies then he is welcome to do that along with investing in Bitcoin. Since it will be fun to see how your money is stored and secured on Bitcoin Blockchain.

For anyone who either is a low coiner or a no coiner, then you are not sufficiently or adequately prepared for  UP.  The only way to prepare for up is to have some bitcoin  and/or to have enough bitcoin.  Sure there are some folks who do not have enough income to buy enough bitcoin  to prepare for UP, and surely each of us can ONLY buy as many bitcoin as is in our discretionary income.  So the punchline  is that you better get started investing into bitcoin if you don't have any bitcoin or you don't have enough, which means that the ONLY ones who should not invest in bitcoin are those who already have enough bitcoin. 

The question about being too late or not is dumb, because the ONLY question that should effect your decision of whether to get bitcoin or not is about whether you have enough bitcoin or not.  If you do not then you have to get started getting bitcoin ASAP or just continue buying in the event that you already have some bitcoin but you still do not have enough.

It can take years, perhaps 4-10 years or longer for normies to stack enough bitcoin - and sure some  folks are able to front-load their bitcoin investment, and that is good for them, as long as they act upon their ability to front load their bitcoin investment by getting some.



For sure the more bitcoin that anyone starts to accumulate, then the more risks they face to keep that money with third party custodians (such as exchanges or any other wallets that are closed source, such as the trust wallet that you mentioned).    We know not your keys, then not your coins, so the more that you accumulate, then the more motivation that you should have to figure out some ways to store your coins privately and also in a secure kind of a way.

This website lists various hardware and software wallets, including features on the wallets (without rating them)

https://thebitcoinhole.com/hardware-wallets

This website rates hardware wallets

https://www.athena-alpha.com/crypto-wallets/compare/#

This website checks open-source-ness of wallets and if the code is verified.

https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=

Of course, there is likely other places to look and learn about wallets and how to secure your bitcoin, including threads on this forum..


Agree that there can be a lot of interesting things that people can learn about in relation to bitcoin, and some of them relate to technogology and there are a lot of other areas too, in order to become more and more familiar with bitcoin as we invest into it.  Of course, people are busy with other things in life too, including their work, family, hobbies, and so they might not always have time to fit in learning more about bitcoin, which surely can help them feel more comfortable with it.


If your apartment burns down, you are fucked if your primary and your back up is in the same place.  Another thing, you are fucked if anyone untrustworthy sees your private keys, so surely we have to know not to save them in the cloud unless we have very  strong confidence that our key information is some how encrypted or secured... there are quite a few folks who lost their bitcoin when they stored their private keys online or on their computer or in password managers... so people don't always know that they put their keys at risk and even if they erase the data on line, it still might be there.. depending on  where they had stored it.  Some people took fotos of their private keys which also potentially puts their private keys at risk, and they don't realize their mistakes, even someone seeing their private keys (or back up keys) could take a picture of them, and then wait 5 years before stealing the funds...

so sometimes we might think that it our storage of our keys is easier than ends up being the case.. and the level of vulnerability of the keys if they are identified to be keys...with the passage of time, there are more and more people who are motivated to find private keys (back up seed words) of others and to take their bitcoin even though 10 years ago, many folks had no clue about what a private key (backup seed words) even looked like.  There are some potentially easy aspects, but there are also some challenges too that come from having no one to bail us out if we fuck up.  There is no button to recover for "forgot password," and there might not be any tech support to call up if a person makes mistakes that involve matters in their complete control, for example setting up complicated pass phrases or other ways of complicating  their passwords that they even  forget how to do it themselves, and surely an heir might not be able to figure out the puzzle if the information was left for the heir to figure out...and you might not want the heir to have access to the information prior to your death or mental incapacitation...but then by then, you won't be able to help them to resolve identifying what the three pieces of the puzzle were and how they need to be put together in order to accomplish the recovery of the various passwords and/or backups and/or seed words.

You are absolutely true. If your plan is correct, there is no mistake in investing. Those who are always suspicious. And is disappointed. They always create obstacles. If you can proceed forward with confidence and patience, you will succeed by God mercy. You’ll start moving ahead now, Inshallah will get the right way.

Bitcoin's performance in the past is only proof of how promising Bitcoin is. The past events do not guarantee future results. Instead of new investors focusing their attention on how Bitcoin performed in the past that time would have been channeled into figuring out how those who benefit from the past result were able to accumulate and hold their Bitcoin for long. There are no two ways about it. Any investor that does not learn how to have a structured investment plan might not make it. Every investment must have a plan, a goal, duration, strategy, and personal qualities like discipline and all the rest.

Every asset is likely to go up or down in value with time. Well, Bitcoin has presented itself to be one of the fastest-rising assets for a decade now. This still don't dispute he fact that it may go down as well with time. Same way it experiences a bull season it sure does have ties when it is all bear.

Part of the reason that the question continued to come up is that bitcoin continues to go up and reach all time high after all time high, so no one wants to buy at the top, and so they are thinking that bitcoin has to be like a normal asset that goes up and then comes back down, so their ideas of bubble does not work, and after seeing bubble after bubble after bubble, perhaps sooner or later normies should catch on that they need to get in rather than waiting around.. but they don't get in and they keep witnessing the same thing over and over and over, and everyone believes they are too late at the time that they get in..  until they study the space for a while and then end up coming to the conclusion that we are not too late... we are still early.

Anyhow, you are correct I_Anime.. too late is a repeated and continuing to repeat theme and it will continue to repeat in the future, and perhaps 10 years from now, several of us will be continuing to say that it is not too late. and maybe in 10 years we might have more adoption.. perhaps 10% to 20% adoption?  Perhaps higher?  but still, an overwhelming majority of newbies are still likely going to continue to conclude that they are too late.

You are making so much sense sir,
Many will continue to have that mindset of too late which is very wrong. Bitcoin is the most appreciated asset of all time in the history of cripto currency.

Most people's who fail to buy bitcoin back then when the prize was not has high as this are the same people procastinating bitcoin investment to be too late, however they  fail to understand   that instead of bitcoin to fall in value, it will continues to skyrocket to it's peaks.


A piece of advice to all bitcoin investors : get rid of that thought of "too late to invest" from your mind, keep on buying bitcoin in large portion as you can because the fate of bitcoin to humanity is too great to be left out.

If you are goal is for the long term holding of the bitcoin you can accumulate as long as you want, but if you are going for a short-term investment like takes weeks or months only that's the time you need to consider the market trend like checking if the market going for another up trend or down so you can take profit and make another entry. With the current market price of the bitcoin still right now there's no confirmation if we are going for another ATH because the volume is not yet active like from the previous months or make a sell because of another support can be touch. Just don't forgot your keys to avoid losing access to your bitcoin _{(which is others do often forgot)}