Post
Topic
Board Speculation
Re: What if I buy 3BTC now and forget about them for 10 years???
by
Yuuto
on 30/05/2017, 08:58:11 UTC
I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??


How can you be rich if you forget about them and if you didnt remember its login details if you use an encrypted one, 10 years is so long and so many things will happen. Even if you have an offline backup on it that you store/save in your treasure box, if there's no something bad then that's awesome, you will be rich on that year if and only if bitcoin is still alive Cheesy Just kidding, I know bitcoin will survive for a long time.

I think it would be wise to do like an nlocktime transaciton instead of having your private key because i believe that bitcoin is definitely going to go up in the long term, so therefore selling anytime soon would be an absolute waste of effort and bitcoins.

 If you do an nlocktime transaction and throw away the private keys( make sure you do so securely) then you will be able to basically force yourself not to gamble/sell too low of a price.