Quote from: CupCakeHugs007 on July 02, 2023, 05:27:01 PM

I'm new to Cryptocurrency and instead of learning the in and outs of trading, I decided to buy BTC and hold. The reason being, is because of the dozen websites I've visited they all claim BTC will skyrocket in the upcoming years.

The reason given to buy BTC and then hold it is true.
Bitcoin which is used as an investment asset by people will experience a high price increase, usually people often call it ATH.

Quote from: CupCakeHugs007 on July 02, 2023, 05:27:01 PM

If someone was to buy and hold, why would they get a wallet that doesn't pay interest?

Saving Bitcoin is not like saving money in a bank. The bank chosen to save money will provide monthly interest and annual interest with a percentage multiplication in accordance with the amount of money saved.
Storing bitcoin in a trusted wallet for a certain period of time can also make a profit.

The first advantage, the BTC stored in the wallet is only us who control. Very much different from the bank that makes the money played for other purposes outside of our knowledge because the status has become the property of the bank as long as we do not pull it back.
The second advantage, we will get a percentage of selling when prices reach high prices.

Quote from: CupCakeHugs007 on July 02, 2023, 05:27:01 PM

What Wallet Do You Store Your Bitcoin?

I have decided to use Electrum as a wallet to store BTC.