Topic: Which is better, Self-Custody or Non-custodial? Please help me. - page 2. (Read 389 times)

If you have treasures, which is the case under discussion, would you want to be in charge of it and have full control of how it is managed or you will prefer someone else keep it for you even when it is possible it can be stolen from the person or by the person and all your treasures will be gone? This is the case with self-custodial or non-custodial wallets and custodial wallets. In essence, self-custodial wallets mean the same thing as non-custodial wallet which is the type of wallet that gives you full control of your assets example of which is Electrum (software wallet) and Trezor (Hardware wallet). In choosing wallet, never go for custodial wallets because it is risky as you are not in control of your assets.

Now, not later!

Here is a thread from  Wind_FURY  in the forum dedicated to mainly about bitcoin DCAing discussions, check in there, it's with multiple pages but am certain your time spent there   will be worth it and helpful. Buy the DIP, and HODL!

Self-custodial is the way to go mate... Which Bitcoin wallet to use

Best regards and welcome to the Bitcoin Forum.  Since you want to know the type of wallet to store your bitcoins in, I suggest you use a self-custodial wallet. Because access to this wallet will depend solely on you, it is not controlled by any third party.  You can enhance your security system. But never hold your bitcoins in an exchange wallet because exchange wallets are controlled by third parties and in this case if the exchange gets hacked then no one can provide security for your stored bitcoins.

Welcome to bitcointalk, Tatsuya!

You know that we've got different timelines and the very indicator of when you should invest in Bitcoin is when you are ready. And if your mindset is telling you to max out profit as much as you can, I am afraid that you'll not hit on that. Even we, old-time holders, don't hit that at most times to take the most profit during every cycle but one thing that I can guarantee you, is the longer you hold, the better state of the value your money is having because it appreciates despite its volatility.

Don't keep it on an exchange please, start with Electrum or Bitcoin Core. Always remember, "not your keys, not your coins". Exchanges don't give you that.

I think that this thread should be on the Beginners & Help and not on Speculation.

There is no specific time to invest into bitcoin, the actual is when you have extra funds to spare then you should simply just go and buy bitcoin. When you feel bitcoin is at a high Price and say your intended amount to invest is $1k you can actually buy with Maybe 70% of the money at a first buy and then keep the rest and later invest the rest when there is a dip, this will actually give you more coins to hold than buying at one go. But the risk is why waiting for a dip you would probably not witness any as the time goes on, but still you can buy at any price amd not necessarily a dip because bitcoin is assume to keep growing over the years and any price now is simply a dip.

As for the choice of custodianship it depends on you, do you want someone to hold your coins for you and if by any chance the exchange collapse your coins go down with it, or self custodianship that you are the one controlling the funds which it’s risk is when you don’t take care or store the keys to the wallet properly you can still simply lose it

It's up to you. It's always you who has to decide.
I can tell that in theory we should be in the first half of a bull run. I can tell that DCA is always a good idea. And I can tell to never invest more than you afford to lose.
Don't go for "max profit". Learn patience. Then, in many years from now, it should not matter you bought 100$ cheaper or not.


By the book, self custody is the best.
In reality there are far too many people who cannot take care of their money.

However, if you keep your money in others' custody, those others may get hacked (honeypot) or go bankrupt. Then you may lose. Even more, my experience has shown me that for example buying stuff for bitcoin tends to go better from your own wallet (than from an exchange, for example).
But for self custody you need to learn this or that. You may need to buy a hardware wallet. You may need to understand how to keep your wallet seed safely. You may face the reality that withdrawals from exchanges to your own wallet are rather expensive and tricky (some may try to make you withdraw wrapped Bitcoin or other altcoins with bitcoin in their name).

You do need to learning this or that.

Good luck!

The best time to invest in bitcoin is now, because tomorrow may be too late, even as the prices of bitcoin is at a discount rate right now, and if you want to get the best and fast profiting results from bitcoin, you have to buy it when the price is low and right now the price is low, so investing in this time sounds ok for me most especially, now that your plan is to hold your bitcoin for long term.

Dollar's cost averaging, is a system of buying bitcoin that could look less technical but to a newbie, I will advise you just concentrate on buying bitcoin at regular intervals depending on your cash flows.

well, Yes you have chosen the right thing, DCA is the best way to invest in Bitcoin as a new investor. The rule of DCA is that regardless of the market value, you have to invest a certain amount of money regularly in the weekly or monthly scholarship. And you must invest money that you can keep for a long time.

 In other words, you cannot rely on that invested money for any urgent need. And for this you should be prepared in advance, keep some cash fund with yourself for your emergency needs like health protection during emergency, family emergency, or any emergency situation. So that you don't have to rely on your invested money at that time.

Because of the volatility of Bitcoin it can go up or down at any time, so if you rely on holding Bitcoin in your emergency and if the value of Bitcoin is low at that time, you will lose a lot. So the money you may need at any time, that money is risky to invest in Bitcoin. So first you need to make sure that you can hold the money you are investing for at least 6 to 10 years without any problem, and that is the money you need to continue investing in Bitcoin DCA on a weekly or monthly basis.

DCA strategy avoids the ups and downs of the market and gives the best return on average in the long run. You have to invest whatever the market price is, ie if the current price of bitcoin is 30k then invest even if the current price of bitcoin is 70k. (just for understanding) Investing small amount regularly through DCA method will give you more profit than investing big amount at once. You should try to invest the same amount regularly, and buy as much as you can when the market price is too high. Because if we can buy at a lower price at the time of purchase then we will get more profit after the pump.

But right now your aim should not be to take profit but your aim should be to buy bitcoin regularly. Convert Bitcoin investment into a normal investment, consider it a part of your life, a part of your way out of darkness, and thus continue your investment for a long time, never look at the price of Bitcoin, if the price drops too much, you will get it. Buy more and think of it as another opportunity to grow your investment portfolio because Bitcoin is always recovering, no matter how much it dumps it. Only from the middle you increase your portfolio more and more by buying more and more, you get more returns after the pump.

So keep investing in DCA, DCA strategy always gives good results in long term, because it builds value over time of investment. DCA is a disciplined investment method, which helps investors to develop regular savings and investment habits and it provides high returns over a long period of time. But you should plan to hold for at least 6 to 10 years.
First of all I want to say that between Self-custody and non-custodial, Self-custody will always be ahead. Self-Custody is full control of security with no compromises. In self-custody you have full control of your bitcoin assets, with no third-party intervention, and no risk of any kind.

Non-custodial wallets offer automatic backup and recovery options, which does not protect you from the risk of being forgotten or lost. This type of management requires you to rely on the wallet provider, which can be a major risk to the security of your assets. Essentially, non-custodial wallets are risky, as your assets will not be under your complete control.

Best of all, Self-custody ensures maximum control and security over your assets, and the private key of this wallet is only under your control, so you never have to rely on third parties in any way. Moreover, the experts always choose and suggest Self-Custody.

So you choose Self-custody for maximum security of your assets.

Self-Custody is always right. Just say yes to Self-Custody and Say no to Non-custodial.


And yes, never share about your keys with others, keep your keys as private as possible, so you and your assets are always safe, and never tell anyone about your holdings. The more secret they are, the safer they are.

Hello, I am a new member in this forum. I need some help from you guys, basically I want to start investing in bitcoin, I just started researching cryptocurrency and bitcoin for 4 months, I researched the pros and cons of bitcoin. And after doing a lot of research on bitcoin holdings, I found out that long term holdings can yield huge profits from bitcoins. I read the history of Bitcoin, and learned about the potential of Bitcoin.

After all I know enough about Bitcoin I decide to invest in Bitcoin.

But I have two questions for you, which I would really appreciate and be grateful if you could know:

1) When should I invest in Bitcoin? And how can you get the most out of investing? I got some ideas about DCA, but don't know anything about DCA, so please tell me how to invest in Bitcoin to get the most profit and is DCA method really good?

2) How do I save my investing? What would be the safest way to store my assets? Self-Custody or Non-custodial?