Star news from NBA player Kevin Durant: he lost access to his Coinbase account, where he had stored his BTC since 2016. Let's just say, it was a lucky “mistaken” move.
At that time Bitcoin was worth $360–1000, and now? The value has increased by more than 11,000%. If he had never forgotten the password, his portfolio would be even more profitable.
Kind news: Coinbase helped restore access. But this underscores an important lesson:
Decentralization > One Platform — even large players risk it all by putting everything on one exchange.
Forgot = HODLed — the best investors are often those who simply forgot about their coins 😅
Diversification saves — it's better to distribute assets across several storage locations.
Conclusion: sometimes the best way to profit from crypto is to simply forget the password and come back after a few years.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Forgot password — the best holding strategy? 🤔
Star news from NBA player Kevin Durant: he lost access to his Coinbase account, where he had stored his BTC since 2016. Let's just say, it was a lucky “mistaken” move.
At that time Bitcoin was worth $360–1000, and now? The value has increased by more than 11,000%. If he had never forgotten the password, his portfolio would be even more profitable.
Kind news: Coinbase helped restore access. But this underscores an important lesson:
Conclusion: sometimes the best way to profit from crypto is to simply forget the password and come back after a few years.
$BTC Current price: $90,941.66 (-0.45%)