He says that millions of others will make the same mistakes

The host of the output manual, Julian Figueroa, has lost 14 BTC in the last eight years, for a value of around $ 1.6 million today. As if that figure was not bad enough, what is worse is that “90% of people who buy Bitcoin today” are going to make one of the three mistakes in Bitcoin’s security that cost Figueroa his beautiful BTC.

If you are not paying attention for now, it should be. Figueroa’s experience highlights a deeper and more sobering reality: the path to financial sovereignty is full of difficulties, and almost all users will repeat at least one of these hard errors about Bitcoin’s security.

Bitcoin Security Error #1: Di -seasary negotiation dreams, market realities

The greatest repentance of Figueroa? Trying to mock the cycles actively exchanging:

“I lost 4 BTC just because I thought about buying low and selling high. It turns out that it is almost impossible: NOBODY surpasses the market over time, not professionals, not the coverage funds, nobody. If you only buy and keep, you almost always surpass merchants.”

Fomo psychological traps, the erroneous reading of tops and funds, and emotional fire sales even trap professionals in volatility jaws. Many lose sight of Bitcoin’s security when risking coins in short -term risky movements.

Error #2: The Altcoin trap

Figueroa lost another 2 BTC chasing Altcoin Hype:

“I bought coins that I thought I would overcome Bitcoin. They didn’t.”

The Altcoins offer wild stories, but, as Figueroa calls it, “Altcoin’s logic in a suit” often ends like a distraction.

The study after the study shows that most Altcoins have a dramatically long -term Bitcoin performance; A tough lesson seasoned by the endless stories of ‘make it, lose it’ among the first adopters of Crypto. Choosing a solid Bitcoin security means to resist distractions of speculative alternatives.

Error #3: AutoCustody or Bust

However, its greatest loss caused to maintain coins in centralized exchanges. He says:

“8 BTC, narroly $ 1 million, disappeared when an exchange failed.”

Trusting custodians instead of taking full personal control is the most common error, but even veterans are victims of comfort and convenience. The lesson here?

“The encryption exchanges are not banks, they are casinos. Autocustody is the only real security.”

You are not alone: ​​Bitcoin epic losses around the world

Figueroa is not the first (or biggest) bitcoiner in learning these lessons in the difficult way:

James Howells accidentally threw a hard drive with 8,000 BTC, which is now worth more than $ 900 million. Stefan Thomas, a programmer, lost access to a wallet with 7.002 BTC (with a value of $ 777 million) after forgetting his Ironkey password. He only has two conjectures before his fortune disappears forever.

During the infamous collapse of Mount Gox Exchange in 2014, more than 850,000 BTC were lost or stolen, leaving innumerable permanently blocked users and generating debates throughout the industry about Bitcoin’s security.

When the founder of Quadrigacx died, he brought the private keys to more than $ 200 million with him, leaving thousands of users blocked from his funds. The list continues and continues, removing investors that Bitcoin Security begins and ends with personal responsibility.

The story of Figueroa is a life lesson for rookies and for bitcoiners experienced equally. So how is it avoided to join the haunted ranks of the club of 2 million?

Do not try to exchange “the bottom or the top.” Long -term retention of historically higher than almost every day merchants; Ask 99% who has tried.

Ignore the Altcoins siren song promising huge profits and attach to the foundations. And most importantly, keep your own private keys. Learn Autocustody and assume full responsibility for your digital assets. Because in Bitcoin, “not your keys, not your coins” is the cold and hard truth. Do not allow your story to become another warning story about Bitcoin’s security.