Post
Topic
Board Bitcoin Discussion
Re: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM.
by
finn.cole
on 18/01/2021, 00:58:08 UTC
Here's 2 of the Bitcoin related news I've seen yesterday:

https://i.imgur.com/WXGGLz6.pnghttps://i.imgur.com/lLuMoC7.png

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.
I think the same way. If you invest in bitcoin now, then in a few years you'll understand why it was the best decision in your life. So many people write on the forums about their regrets not buying bitcoin a few years ago because now they could be swimming in money.