Re: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM.
Here's 2 of the Bitcoin related news I've seen yesterday:
What do both have in common?
A safe assumption would be that both people had their bitcoin for a good number of years already, and they totally underestimated the price rise bitcoin would have. Hence why they got immensely careless about the security of their funds, probably because back then "it's just worth a few hundred dollars anyway".
So what's the lesson here?
Regardless how much your bitcoin is worth today, make sure you don't lose them because we don't know how high bitcoin can go in the future. Your 0.01 BTC holdings might just be worth like $350 today, but who knows, while there are definitely no guarantees, it could buy you your future house sooner or later.
I've been through a good number of bull markets already, and every single time I've absolutely underestimated how high bitcoin could go. Just a quick reminder to those who are totally underestimating the small amount of BTC they hold.
What do both have in common?
A safe assumption would be that both people had their bitcoin for a good number of years already, and they totally underestimated the price rise bitcoin would have. Hence why they got immensely careless about the security of their funds, probably because back then "it's just worth a few hundred dollars anyway".
So what's the lesson here?
Regardless how much your bitcoin is worth today, make sure you don't lose them because we don't know how high bitcoin can go in the future. Your 0.01 BTC holdings might just be worth like $350 today, but who knows, while there are definitely no guarantees, it could buy you your future house sooner or later.
I've been through a good number of bull markets already, and every single time I've absolutely underestimated how high bitcoin could go. Just a quick reminder to those who are totally underestimating the small amount of BTC they hold.
Like other members here in the forum says bitcoin was not really a big deal probably when they buy bitcoin and not knowing its real value in the forum so they probably buy bitcoin put it in a wallet and then forget about it.
They probably make a backup of that password but just lost because of a long time wait, only when the market price has a high value in the market most of the people know that they should put great security into their wallets.
We can't really blame them but it's their loss, it's their fault because they neglect it, and now that it has value they just lost a big amount of money I guess it's just different in the past years.