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In those days when we used to discuss technology, he mined Bitcoin (BTC) in an old pool. He referred to his mining rig as the "7970." However, since the value of Bitcoin wasn't very high at the time, he just left it in an old wallet.
A few days ago, he called my mom, saying he needed to speak to me. I later got in touch with him, and he asked me how to import his BTC private key. He said, "Do you remember that I mined Bitcoin with the 7970?" I replied yes, and he mentioned he didn't know how to import the key.
He was quite sure that he had something left in the wallet. After helping him out, I discovered he had 0.48 BTC in there. This has saved him, I believe. He wanted to send me something as a thank-you, but I refused because he needed the money more than I did.
I'm not familiar with the "7970" that you're saying, but what I just know is that, it's a form of maybe a GPU or a mining equipment. I don't care about how he got it, but I'm into the fact that Bitcoin really saved him at the best time possible. I mean just imagine if his wife knew this before they got divorced. There's a huge chance that the wife will got a portion of it as well hence, that will make things difficult for your uncle at least financially.
It's good that you didn't get the compensation because looking at the story, your uncle surely needs those Bitcoins. At it's current price, that 0.48 BTC is worth $39,840. That's enough for your uncle to sustain his monthly needs in months or even years depending on the cost of living in the country where you're living. Bitcoin saved him I guess.
His son doesn't look back, the daughter married to another man and they are out of the country. I hope we don’t end up having children who will never look back and take care of us in the future.
I hate seeing parents being alone because their children chooses to go away from them, but you can't blame them because at the end of the day, those children will have their own family. This is the reason why we are investing in our early stages of life so that when the time comes that our children will never look back and take care of us, we still have some funds that could sustain our lives at least for years to come.
Please understand that I don’t like discussing my family online, but this experience has been surprising and provided a valuable lesson. It's a reminder for those who are taking care of their families without planning for their own futures. Your partner can leave you, your child can become indifferent, so always have something set aside just in case.
Your children will leave you when he/she grows up that's for sure, but your wife/husband will never leave you (unless something bad happens of course). I'm leaning towards the mindset where I need to save up some assets that will help me and my family sustain our monthly expenses, and the way that I'll be doing it is through dividends that's why I'm investing towards assets that are giving away dividends as well. Of course, I'm still invested into crypto as well, but I believe there will be a time where I'll make a transition where I'll invest more in dividend paying assets rather than cryptocurrencies.