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Author Topic: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM.  (Read 292 times)
Finestream
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March 23, 2021, 05:53:03 PM
 #41

Yes that's right, it's too bad for those people to lose that big amount of bitcoin. But well, nothing can be done. As you said, they probably think that it doesn't worth that much, so they won't take care of it safely and carefully, since it's not that worth it anyway. However, things changed. It became so valuable more than anything else, until they willingly pay such a big amount to take that.
Lesson learned, we really should value it now. But well, we can only say this because those kind of things happened already. If not we won't learn by the mistakes.
This is a good advice for each and everyone of us. Learn to value the investment we have at the moment because we won't know it will be one's greatest ambition in the future years. I'm glad that i was able to secured my bitcoin even how worthless it was before. But then again, time changed and so with the value of one's investment just like bitcoin.

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March 23, 2021, 10:27:42 PM
 #42

No matter how big or small amount you do have, no matter if you own a whole 1 Bitcoin or just a part of it, Bitcoin is still Bitcoin and having it into your account is already a privilege given to you that you have done a great work to attain even a small amount of it to be included into your account. Do not underestimate even a small part of Bitcoin you own because many are badly wanting to have even just a part of it to hold knowing that the price of it is increasing which we have seen in transition starting from last year until the entrance of this year and until now is show casing how it can still make its price go up in a desirable pacing. It is just an awful scenario reading news that people that have started very early in Bitcoin where the price is still not that expensive compared to what is it right now making them to have lots of Bitcoin before is now wanting to reclaim their Bitcoins and they are experiencing trouble and difficulty on accessing it once again. May this serve as a lesson to value your Bitcoin holdings and never let it miss out for even a single cent of it can grow into a massive amount in the future.

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March 23, 2021, 11:16:16 PM
 #43

In both cases they're trying to take back time. They made some stupid decisions like buying an autolocking wallet and throwing away a drive with some money in it. Even if those coins were worth just $100, I wouldn't throw away a drive that had some value stored on it. I'd probably spend those coins to buy a new one, but not throw it away Roll Eyes What do these two cases have in common? It's simple: you can't go back, unlike those guys in back to the future.

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March 25, 2021, 05:05:14 PM
 #44

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 have seen that one of a programmer before and like seriously it really pained me lol.So he has only two passwords left and I know very sure that he’s going to be getting ready to make his two final attempts and if it doesn’t work that is how he’s going to lose his Bitcoin that is worth so much money in today’s market.

I can’t make such a mistake, if I was the one even if it’s just $50 that I owned in the wallet or hard drive I am not going to be messing around with it. So I guess they were rich then and that’s why they didn’t care about the money they had in there. Anyways I wish them luck in their attempt to reclaim it, and this will serve as a lesson to them and to so many other people out there not to look down on things like this.

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March 25, 2021, 09:47:26 PM
 #45

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.

It is very true. As there is no other way than keeping the private information of our wallet in a place, we should be very careful about it. I know that it is really frustrating not being able to change the wallet access info (private key etc.) when we lose it somehow. But as I said, we have no other choice unfortunately.

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