N00b here,
Simple question I think... where is the best place to park bitcoin?
From an outsider perspective with a n00b lense, there's some tags that clout cryptocurrency. Amongst them, volatility and fraud.
I believe in bitcoin despite the mediums I and most people tune into though. So... is there a place / process where I can buy bitcoin, forget about it, and come back to in 10 years when it hits 10,000 usd per coin? Reputable sources / sites etc?
I may be missing the point as I'm home grown on centralized currencies... I'm not too sure. Im just hoping to know the safest place i can store coins and forget ablut it (I dont mind the current extreme volatility, just mostly about thieves)
One of the biggest suggestions is cold storage. With this it keeps it away from internet and allows you to use it only when you need it.
Most common are paper wallets, and usb wallets. By not having them on a everyday computer, and stored away safely you have a good system. I would suggest making a few copies in case usb goes bad.
Just avoid hot wallets for long term.