first rule of owning BTC because you are your own bank you are responsible for your own security. Therefore
1. Always verify never trust 2. Avoid using third parties as far as possible 2. a . Never hold on an exchange (their history is horrific) b. You do not have to use an exchange for purchasing and selling but it is more efficient so get in get the coin and get out c. carefully investigate exchanges to make your choice 3. Run your own node (this is to verify transaction in your wallet is true it will reject false movements ). 4. secure copies of your wallet/holdings off net. 5. Make some araingement whereby in the event of your death or other incapacitation your next of kin can access you wallet.
I also have limited trust in the competence and even basic framework of the world financial system . We could be seeing at the moment the death of Keynsian economics as its two big guns are becoming almost non effective. Interest rates are sucuming to the rule of diminishing returns and show no real sign of rising again.Government spending in most of the world is hampered by debt level of governments. The standoff between the RBA and the government captures this in microcosim . The RBA Governor is practically begging the government to go into debt by spending money to stimulate the economy .The Government is expecting its tax cuts and interest rate drops from the RBA to stimulate the economy which the Governor is saying will not work anymore . WARNING Be aware 1.That this whole space , because early hodlers made a motza, has become a feeding ground for cons or many different kinds 2. you can google up price predictions on BTC from zero to one million usd . If you are in it to escape central banks its irrelevant but interesting. 3. Traders predictions are based on very short time frames and are irrelevant to any one hodling against financial collapse . 4. Governments could destroy or seriously harmthe potential of BTC by moving their own currencies back to the Gold standard .
