Crypto really worries me about being hacked, because one careless mistake could cost me everything. But most cases aren't due to blockchain disruption, but rather users falling victim to phishing, revealing their seed phrase, or signing malicious contracts by mistake. Now I just focus on basic security: a cold wallet for large amounts of money, a secondary wallet for transactions, and I'm not interested in those "free money" deals.
I don't worry about my cryptocurrencies because I don't leave that much money in the virtual world that I could worry about. Physical savings are the best.
I understand your concerns, but most crypto losses are due to scams or leaked seed phrases, not random hacks. Keeping your seed phrase private, enabling 2FA, and avoiding suspicious links will significantly improve your safety.
If I consider Bitcoin in a vacuum, the only unease I feel is over long-term security of wallets. I've already started spreading my hold over more than a handful of wallets.
Something that definitely is not a fear, is profitability. Everything that goes in won't be moving until at least 2032. Return on investment for such a long holding is as safe as it gets.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.