Quote from: Fivestar4everMVP on Today at 04:59:42 AM

Quote from: MusaPk on January 05, 2025, 06:22:02 PM

I have a wallet which I thought was empty for months. I just recently logged in to that wallet and find out that it has still some Bitcoins. Those Bitcoins came into wallet in early part of 2024 when price of Bitcoin was around 60 to 70k. I asked Chatgpt to tell me how much I have gained and to my delight the gain is 40% (as per chatgpt calculations). A gain of 40% in less then a year is too good. I know we can easily see such gain from CMC and other websites but experiencing this in real life has it's own Aroma.

Those who thought it's too late to buy bitcoin when it was over 50k can see how much Bitcoin has gained in less then a year.

Sometimes it's blessing in disguise that we forget things we have in our custody like Bitcoins. But Bitcoin and just forget them (without losing the keys)

Only because of OpSec I am not sharing screenshot of my wallet along with other details. Hope it's not required as I want to highlight the point related to Bitcoin gain in value and advantage of forgetting the Bitcoins you have (without losing the keys).

As much as I love to agree with you because you are sure right, I would also say that it's not easy or even possible to buy bitcoin, withdraw them to a wallet and purposely forget about it, I am doing saying it's not doable, but this will require someone who has another good and reliable source of income, because it is only possible to forget about money in the bank when the person has much more than enough cash in his hands to carter for all of his or her need for a very long period of time.

But all the same though, this is a very good advice but only for those who already have other good and reliable source of income to depend on, not for those who may likely buy bitcoin today and expect it to x10 by tomorrow so they can sell and make some profits.

Whoever doesn't have a discretionary income shouldn't buy bitcoin because he will sell it when his needs arises. Bitcoin is an investment that needs money for you to invest in. Therefore, you must have a source of income that can take care of your needs and monthly expenses, the leftover can be invested into bitcoin so that you can hodli for a long time of 10 years and above.

Anyone that understands what kind of asset that bitcoin is, will take it very serious upon himself to invest and grow his bitcoin portfolio overtime with regular ongoing buying, consistently and persistently till he reaches his bitcoin target in future. Bitcoin is not a get rich quick scheme, and shouldn't be considered as a tools for trading in chase of little profits.