Topic: Celsius, Terra, FTX Crash All Are Prove That Bitcoin Is The Only Trusted Crypto (Read 537 times)

This is totally true and I believe this is the reason Satoshi founded Bitcoin on decentralization and consensus ecosystem. This is the reason why no altcoin will ever have the chance to be like or close to Bitcoin.

CZ Binance is an economist by profession and he put his professionalism to work that is the reason why Binance gained power in the CEX ecosystem. As you said, this is dangerous for crypto at large due to the result of much power in one man's hand.
Yes, if Binance goes down BTC is likely to downtrend to a $3000 price but only the naive crypto investor will leave the market because of it. In the meantime, there's a chance that this won't happen because the SEC will step in soon and there will be huge level of regulation in the crypto market soon.


If you notice that Binance get much power in the CEX market after the exchange hacked issue. They did 2 things which is the result of what we see today.

1) Build trust among crypto investors, traders, and holders through the introduction of SAFU while they technically increase their capital through a ridiculous withdrawal fee of 0.0005BTC before they later change it to 0.0002BTC last or this year I don't remember correctly.

2) They keep building their ecosystem and introducing more ideas to outshine competitors. In every business setting people that do this will always be on top.

We can not do anything to prevent the impact of Binance's fall since they are the richest CEX but to prevent the exchange and others from falling the SEC needs to come in, do some examination of CEX activities, and prevent future activities like what we see in FTX.
Just like the saying prevention is better than cure.

There will always be some unexpected things in the crypto market. Project scams and the closure of exchanges will make people realize that bitcoin is a relatively safe investment currency. As the king of cryptocurrencies, bitcoin has experienced dozens of years. The test of the year is the most mature market in cryptocurrencies. Investing in Bitcoin is relatively safe and profitable at any time.

True. Still funny that people take the fact that it is possible fo scammers to run an exchange as a sign for "crypto having crashed"...

Lucky dube said in a song that "too much power in one man's hands is very dangerous for the society"

I personally think that Binance have managed to gain alot of power in crypto and it is indeed very dangerous for bitcoin, and the entire crypto market, as it is now, if binance goes down, it is likely that the price of bitcoin will go down below $3000, and alot of people will leave crypto.
The question now is, how did the Binance managed to get this much power and what must be done to prevent the impact binance's fall will bring the market..

Bitcoin is the only trusted cryptocurrency right from the beginning and the level of its dominance in the market is already proven. Besides, it is not difficult to understand that most altcoin creator purpose was to enrich their pouch, not for the purpose of the technology.

Binance was ridiculously rich because of the Safu fund introduced by CZ, I said this because I notice the exchange gained more traffic, and their BNB experience a vast surge.
Although, according to the exchange proof-of-reserves they seem to have huge crypto kept inside cold wallet addresses but this still doesn't mean exchange should be used as storage or trust in their native coin that technically has no use case.

The only difference is that Binance is making so much money that they can keep BNB to a "health" place as much as possible. I mean its clear that we are talking about something risky and of course it could drop a lot, and I am not saying that it is impossible for Binance to ever bankrupt, they could definitely end up with a loss too. However, if we are talking about what we have seen so far, I am guessing that Binance will keep on profiting billions, and in a situation where BNB starts t drop, they can just buy a lot of it and burn it easily without care, sure would lose billions, but would keep their business afloat thanks to that. Nobody else had that much money and power.

Probably only a matter of time before BNB is included in this list as well.  Sure, Binance was the first exchange to grift users with their own coin in order to get ridiculously rich.  They may have even managed to get enough adoption to keep this alive for a few cycles.  I think it is pretty much inevitable that things like this fail though.  Maybe CZ will be the exception, and the BNB rollout along with reduced exchange fees to give it a use case was wildly successful and something that has been emulated many times since, although usually unsuccessfully as was the case with FTT.  Just be careful out there.  Know the value of the things you're buying and be careful.

the millions of dollars he donated to political campaigns in the US let us know what the true character of the SBF is. However, when the FTX exchange collapsed Biden did nothing, it became clear that Biden didn't want to meddle in SBF matters and didn't want to get his hands dirty. SBF started to get into politics only used when the brand needed it. the rest have to work alone until they go bankrupt.



Of course, the most affected FTT tokens can no longer be saved. besides that FTT tokens belonging to FTX users are also held and cannot be taken, if they can withdraw it I am sure the price will be even worse than it is now.

He ended up donating a millions of dollars to the political campaign of democrats in USA, millions of dollars which I suspect could have changed the situation of thousands of clients who now see their funds stuck in their account. Quite selfish of him, to be honest.



Not only Bitcoin, If you check the general state of the market these days, you can notice there has been a downhill trend since the news on the collapse of FTX were known, there are few exceptions. It is true Bitcoin lost some value because of this, but the worst part was given to those holding the FTT token, it is already beyond -90% in value only this week. Another reason to stay away from CEFI tokens altogether.

I always say that it is wrong to approach Bitcoin only as an investment because it was conceived as a cryptocurrency and that is how we should use it from time to time. Many are surprised and complain that there is not a single place or there are too few in their environment that accepts Bitcoin as a means of payment, and at the same time they do nothing to change it.

Each of us should work to change people's perception of what Bitcoin really is, because if we continue to go in this direction then we will have to face the fact that Bitcoin will become just another in a series of speculative assets.

How come we didn't hear cries about them being scams before their crashes? People are quick to say, "I told you when things get fucked up" even when they didn't know a thing about the situation and quick to claim sagacity when it goes down well.

If we're going to be factual on that, I will tell you that advice will only suit investors not traders.

But of course, that's the honest truth. However, most people have that mindset that it's their main reason of being in this game. They want it quick and short, forgetting that there's no shortcut to success.

At first, FTX's management, including its CEO, looked humble and put the interests of the poor and those in need at the forefront, but in reality it was just a camouflage to cover up their rottenness. the people who were at the top of the company made a lot of profit and now because of their own greed, the business has finally collapsed.
People who promise high percentages certainly have ulterior motives, moreover FTX is also an Exchange with the cheapest fees and it uses its users' money which continues to be used for other businesses.
Incidents like this should make us realize that nothing is truly safe and really protects our assets. Our assets are our responsibility, nothing will be safe as long as there is no full control. This incident was the dumbest bitcoin crash, because bitcoin was only affected.

I would like to mention there is a yield farming component or greed component to these stories of complete collapse.

Terra-Luna was a temporary success because people wanted to take advantage of their over 13% yield on their smart contract.
Celsius was just a platform people used in order to get more yield off "their" holdings of Bitcoin, Ethereum and other stable coins.
Blockfi was the same and the fact FTX needed to rescue Blockfi with a huge injection of money was one of the red flags.

In the end, FTX disaster was the product of greed and bad management by the people on the top of the company.

The lesson to learn here, besides the strength of Bitcoin over altcoins, it is the fact that we should not get greedy and pursue high yields at the cost of the self-custody or control over our satoshis. Do not get tempted by the papers, solvency and liquidity and the name of the people behind the projects which promise you high percentages.

I own more bitcoins each year since 2013 and I'm 100% confident that it will succeed. I've survived bear markets in 2014, 15, 18, 19, and 22 and I'm sure that if it goes into 23 I'll still be here picking bitcoins and adding to my balance.

That doesn't mean I haven't sold any. I sold in 2017 and 2021 but I still have more BTC than I had in 2014 so I consider it a huge win. Whenever somebody asks me how I feel when the price is crashing I answer that it's just a part of the game like getting yourself covered in grease is a part of being a mechanic. You can't do one without the other.

There is always another pair option like BTC - USDC, or BTC - BUSD which has a regular audit and proven that they are backed by adequate collateral .


Well, there is no permanent in this world, even the strongest kingdom crumbles and Dynasties end, so it isn't surprising that these centralized exchanges shut down one day.  Even Bitcoin can possibly be dethroned by another cryptocurrency one day.


I greatly agree, better to have our wallet holding our worthless tokens than entrusting it to someone else. 

Keep in mind that BTC like altcoins are paired to USDT. USDT can't be trusted as they are not backed by adequate collateral.

Actually, Celsius, Terra, FTX crashes all prove that if you don't do self-custody, you're going to pay it sooner or later. There are two kinds of centralized exchanges; those that have been shut down, and those that will. You wanna buy the shittiest coin, hold it, and hope to become rich one day? Go do it, but for the sake of you, hold your keys. If there aren't any clear, available methods to do it, start questioning the specific altcoin's growth.

Yes, this is true and any negative event in the world of cryptocurrencies casts a huge shadow on bitcoin as the flagship and industry leader. It looks like it will always be like this. Even now, this problem of FTX exchange directly affected bitcoin, the price of which has significantly decreased. Perhaps the price will fall even more due to the exposed problems in the industry. Of course, it is unpleasant that the reputation of bitcoin suffers because of the screwed-up leaders of such companies, but I still absolutely agree with OP that only bitcoin deserves our trust.

Yes, I always support bitcoin never doubt it but we are all here for profit and not just for the crash of a few altcoins we are ignoring a lot of other potential altcoins. Once invested there is always risk, can't expect an investment to always win, that has never happened even with traditional assets let alone risky assets like cryptocurrencies. As long as we know how to manage capital, allocate it properly and invest only with the amount of capital that can be lost. The crash of FTX does not mean that BNB or ETH will die as well.

You said it well and it's the pure truth, but for millions of those who just want to make quick money overnight and believe all those false promises, all the warnings coming from you, me or anyone else mean absolutely nothing. If you have ever talked privately with people who invest in alts and tried to point out the risks to them, some may have reacted very aggressively in the sense that you are trying to take away their profits, because they simply do not have the money to buy 1 BTC, but would rather buy 100 marscoins and be rich when their savior pumps the price.


I have nothing against regulating that part of the crypto market, because not every kid can have his own coin and promote it as some kind of super investment, and it has no purpose or sense. I think that Bitcoin is still a category of its own that should not be mixed with all this garbage that only parasitizes on Bitcoin, and I hope that the regulators will understand that.

Exactly, what this proves is that it does not matter what kind of idealism you may seem to preach at the end if there is a centralization of the power then the person which is at the very top will always begin to abuse their power, as such only decentralized coins should be given any chance at all to gain our trust, which ironically reduces the list of thousands of coins we have in the market to just a few, in which obviously bitcoin is at the very top of that list.

And never keep your assets on any exchange until you make sure they are in a wallet that you have complete control over.
Your advice is right, but many of the beginners may not realize that they should not keep assets on the exchange. FTX is now a good example for everyone to believe that the exchange is a place to trade not long term storage. Invest in bitcoin, and hold it in a non-custodial wallet, that is good advice.

Trusting an alt becomes harder than ever. So much drama happened last few months and people lost a lot in cryptocurrency. Even people lost a lot when they invested in a native coin of exchange. That's the worst case of people Lossing faith in exchange and crypto as well. Altcoins aren't truly decentralized anymore due to many reasons. So investing there is always risky. Bitcoin is a truly decentralized coin. So that's the reason why Bitcoin is stronger than any other altcoin or projects that coming new to the crypto space.

Most alts will have their swaps or changes with short amount of notification time to its holders.
This is why most are missing those swaps, making their coins or tokens useless.
And that is the good reason to store bitcoin, if you don't have time to keep up with these projects.
At least, with btc, we all know that it will still remain btc. And you can easily get news or updates in any crypto site.
With specific projects, you need to follow their social media channels or their site itself to get a hold of information.

How many of these Ponzi scheme, crashes, and shut down of all of these exchange's will make people aware that Bitcoin is Bitcoin and will never come second to another coin and that also the aim of using Bitcoin is for self custody purposes. How many millions of people are still dump leaving their various Bitcoin still with exchange's. It's bad to see this news, a remarkable bad day in the Cryptocurrencies market.  These exchange's re regulated and soon enough they all will conide with the government just they have done with bank's.

I have the same experience since I am the type of investor who buys cryptocurrency then forgets about it and comes back several months to years later.  I have lots of cryptocurrency holdings that have gone worthless due to swaps.  Others become worthless because of hack and rug pulls.  Though I don't keep my cryptocurrency in exchanges, this kind of swap activity done by the developer that has a time frame and needs manual sending of tokens for swap made me lose a good amount of money.

It is indeed true that if we invest in altcoins, we should be always on our toes monitoring them.

I completely agree with you, since a year ago I encountered a lot of reasons why some of the altcoins I was holding and had a good price value fell below zero due to the reckless teams of these altcoins who made quick decisions from changing the coin contract, merging it, transferring it to another network, or The exchange platforms that listed these altcoins have deleted them due to their price volatility, so if an investor will be away from the Internet for a period of a day or more without following the developments and updates and the community of the altcoin he invested, he will eventually get Shitcoins and lose his entire capital, so Bitcoin is the safest investment without a doubt.

Well Bitcoin had proven itself for many times, so holding or choosing it over altcoin is a no brainer especially if we are planning a long term holdings. But in terms of profit, altcoin may have an advantage, we just need to know when to sell or else we will end up holding worthless cryptocurrency.


I highly agree, I think Bitcoin is good for those who is not fond of high risk high reward investment. I myself would choose altcoin in terms of short term investment and profit multiplier since altcoin always have market surge that goes up insanely.  Anyone can call it pump and dump but if we happen to time the trade right, a $100  investment can turn into $100k or more in a shorter period of time.

And regardless of what investment we choose, we should always make sure that we don't make crypto exchanges as our personal wallet that keeps all our cryptocurrency.


Bitcoin isn't risk free, and there is no such thing as no risk investment but I agree with you that Bitcoin is the safest investment in the cryptocurrency market.

I'm optimistic about bitcoin, but I won't ignore all the altcoin in my portfolio even though people tend to call them shitcoin. Bitcoin is the best, definitely true, and I also believe bitcoin is a store of value but when I want to make a profit then I also have some good options because in the market there are not only bitcoins that we can trade.

The crash that FTX is experiencing right now is proof that every current crypto asset always has the potential to fail and be replaced by others, so the first point in this investment is don't put all your money in crypto, whatever it is.

I'm curious as to how many of these crashes altcoin users are going to need to go through before recognizing the entire altcoin industry is a high risk, low reward, gambling sector that will undoubtedly collapse in flames with a lot of people out of funds. There isn't technology behind, there isn't an ecosystem, mere buzzwords to attract newbie investors.

It's concerning -- regulators are looking at these crashes and looking for any excuse they can to hammer down the crypto industry with regulations that will limit crypto's growth.

I thought FTX was here to stay in the long term. It still is, but the reputation is ruined with all the issues with the Alameda research and everything going on with the crypto space. It's essential to have noted that you need to be alert and aware of what's happening, and I agree that if you don't have any idea about all the happenings, one thing is for sure, BTC would be the key with all the things cryptocurrency related.

There is actually more into this story rather than just having few roll overs. Crypto has seen its good and its worst all the time. I am not big fan of Altcoins either but there are few realistic projects out there who made amazing progress throughout their lifetime until now. Whether it is Credit card issuance or pay on the go services to amazon gift card trading, we have seen some good projects too.

I know it feels like I’m taking the side of Altcoins but all I am saying is, we are seeing the everything with wrong prospective. Just because there is one crook doesn’t mean all of them follow the same path.

Anyways, I am always having more % on bitcoin but alts have also given me nice ROI.

There are many reasons why investors should have bitcoin as their primary crypto investment asset instead of altcoins. Many of us know the reason, but on the other hand, asset diversification is also worth considering but once they know what the risks are.

We all believe bitcoin is better, but we can't prevent people from choosing which one is the best and most profitable for themselves in terms of investment, in fact not all of those investors care about the usefulness of bitcoin but most only care about the profit. Your thread and some of your points can really give some insight into why bitcoin is better, but I don't think this will encourage more people to leave altcoin for bitcoin.

That is a really good example actually to make people understand the importance of

1. Holding bitcoin instead of altcoins
2. Holding coins in a non-custodial wallet.

I am more concerned about all those people who had their life savings on FTX.
All of it vanished and they could do nothing about it. It must be so hard for them. 
It's a tragic event sadly.

Bitcoin still remain the king among other cryptocurrencies, you can invest in this season and have something reasonable to earn well, because whenever Bitcoin pump higher in the market other cryptocurrencies pump little, and whenever it dump lower other cryptocurrencies price dump also to show that Bitcoin is the most trusted crypto that can bring out a good profits in the future. I don't think, altcoins is advisable for investors to invest in this season, because end of the year is approaching, which many crypto investors are looking for potential coins that they will invest in this month of November and have something reasonable to achieve before the end of the year, which is advisable to invest in Bitcoin in this bear season and have something good to earn before the end of December.

Yeah, valuable point cause the isn't important the actual coin or token may be replaced by the project team and people who failed to switch will be left with useless tokens. Altcoin market is profitable but when people start to influence by the Exchanges, influencers, media or anything and go towards something which is growing unrealistic but having a central authority or related can do such damages later.

There is one important thing which most of the people are missing in this crisis. Centralized exchanges can scam, Stable coins can scam, top crypto project can tank so what is the safest heaven in crypto ?  The answer to this is bitcoin BTC
Yes, people will say that by the time bitcoin will do 2x from 16,000$ to 32,000$, other coins can easily do 5x or even more. But there is more risk in other coins as we have seen recently. If you want to invest in crypto and still want to remain risk free, your 80% investment should be in bitcoin.

The root cause is that their understanding of bitcoin is virtually non-existent. Yesterday, I was talking to my cousin and we accidentally talked about bitcoin and he also knew that I invested in bitcoin for a long time. He doesn't mind the recent incidents but he still thinks bitcoin is a scam, no different from gambling. I asked him why he thought so, he said that it is very volatile like gambling, I just laughed and didn't want to say anything more. There are still many people who do not understand bitcoin well, they still see bitcoin as a scam and will soon disappear.

Despite your given valid reason which I highly agree with, I still won't recommend people to not look at the altcoin market.  There are lots of potential profits to be made in the altcoin market.  It would be a waste if we don't take advantage of these opportunities.  Bitcoin's very high-profit return had been all in the past now, the x30 x50 x100 profit will be rarely seen in the Bitcoin industry which is often available in the altcoin market.  So the lesson these crashes of altcoin convey is that we should exit at a profit and not take the Altcoins market for long-term investment.  Plus avoid keeping our cryptocurrency in centralized exchanges.


True, the Bitcoin market is the most established market among cryptocurrencies but we still need to learn the curves of the Bitcoin market movement.  It is very important especially if we are engaging Bitcoin to take profit from its market.

Even if we are a person who can be online for a few hours every day and keep an eye on market movements, keep an eye on the latest updates on the altcoin market and also pay attention to any news that appears, as a retail investor we will never be able to know in full what will or is happening on those altcoins, maybe even when bad things start to happen we are too late to get out of the market and still suffer losses.

Agree that Bitcoin is much safer from anything bad that might happen, even without adequate knowledge will still be detrimental to the person so we have to know how the cycling market works every year so that Bitcoin can be really useful for us.

I hate to say it, but almost every single one is, and that's a problem when you're trying to convince people that Bitcoin is a better alternative to fiat. Since, every couple of years we have this sort of event happen, and that discredits Bitcoin as a whole.

Even if it's not directly about Bitcoin, and its the companies operating around Bitcoin, because that's what people see they automatically associate Bitcoin's reputation with these sort of companies. It's a trend that I can't wait to get rid of, but ultimately to do that we probably need to move to peer to peer exchanges, and that has its own problems then.

In terms what Bitcoin is very safe? since you're talking about the price, Bitcoin has a high risk and no one can control the price. It's possible if you see Bitcoin price decrease or increase for 20% just in one day. Does it will make anyone panic? it depends on the person, but does investing in Bitcoin is very safe if the price is highly volatile? Nope, you need to have a good risk management and control your own emotion.

Agree as simple as this: When there is a bad issue not only altcoins are wasted but Bitcoin also experiences a decline in price. But the difference here is that the strength of Bitcoin is tested where price reversals are always fast and recover so quickly without a doubt. And lo and behold other altcoins can't do what bitcoin did for a reborn with a price reversal. With proven facts, Bitcoin has become the public's trust over any coin. Bitcoin did touch the price of $15K but the positive point is that Bitcoin can recover without needing to wait long. The market responds to price in order to accumulate more Bitcoin.

I guess it's pretty obvious, those altcoins are really very risky as the price can go down very hard in matter of days, causing panic and destruction along the way. The Terra probably is one of the biggest failure, but then again, FTX didn't learn the lessons from that crash and Sam didn't try to avoid until it's too late that investors and traders can't withdraw.

People should see this already, again the risk is very high for this altcoin projects that suddenly burst into scene. Bitcoin could be dumping,  but there's no way that it can literally go to 0, it's too big to fall.

indeed today there are so many altcoins that make many people suffer huge losses because of investing in altcoins, and now it has been proven that bitcoin is a great future asset. because investing in altcoins is very risky. but if we invest in bitcoin, of course it is very safe.

The funny thing with the crypto market, however, is that its being a wild wild west could either make or break you. Early in my crypto years, I had a lot of DOGE. It was a popular coin years ago-- even until now in fact-- and for somebody who's taught to diversify, DOGE was one of the options. It was way back when it was only worth tens of Sats. I had more than a million DOGE. Of course, I've let it go already. But had I HODLed it, I would have made a lot of Sats.

There are actually a number of stories of crypto owners who forgot their coins or their access. When they finally got hand of them, they were already worth so much more. That includes Bitcoin, of course.

But I am not in any way arguing against your points. I think they're all correct. I'm just sharing the other possible side of the story. It's not worth taking the risk for some luck, of course, especially today when there are way too many coins to choose from.

Most important, it is a Proof of Work coin

Other important factors are
- It is decentralized and is not controlled by a single person, entity, company ... so it is impossible to see one person or one company can put Bitcoin at risk by using it as a collateral for an exchange, an company and face with liquidation that results in market panic
- It can not be created more than 21M bitcoins in total supply. No more minting from thin air. Impossible to change its total supply to more than 21M.

Terra, FTT fiascos happened because of over minting from thin air, bad risk management and very centralized ownership and powerful control that caused terrible centralized decisions.

After all, they are all scams but investors like risky games for a chance to get high profits so when these coins die there will be other scam coins that will replace them and always so. Bitcoin is unique and it is only when those people lose money on shitcoin that they realize that there is no better coin than bitcoin. So the existence of these scam coins is not so bad, without them many people would not realize what is the real cryptocurrency.

Unfortunately, that's not the conclusion that people outside of crypto make. They see fiasco after fiasco and decide that all of crypto is a scam, including Bitcoin. How can you convince them that Bitcoin is different? They didn't study the crypto protocols to understand the fundamental difference between centralized and decentralized crypto coin. And they don't see that Bitcoin is being massively used in real world. That's why shitcoins and shitcoin exchange crashes drag Bitcoin with them.

There are many well-known and unintended issues that occur in cryptocurrencies, the most talked about issues being the Celsius crash, the crash of the Luna platform.  However, there has been no issue in cryptocurrencies for quite some time.  The recent FTX exchange liquidity crisis has dealt a major blow to cryptocurrency.  FTX Exchange is one of the most popular exchanges at the moment.  The liquidity crisis of this exchange means that people's confidence has reached zero.



In the Twitter post SBF told that his exchange FTX had a liquidity problem. After seeing his tweet investors and holders withdrawal more than $5 billions dollars from the exchange in a single day.
I think from the crashed that investors confidential level hit by the news of SBF.
The main reason for the crisis of public confidence is the liquidity crisis of such a large exchange like FTX.  And CZ has used this opportunity.  Because only FTX is the main competitor of Binance exchange.

Taught: I never invest others coins instead of bitcoin.
Binance & Coinbase exchange now the target of SEC.

I would add Mt.Gox to this list as one of the more serious breakdowns in the crypto world. but it is most closely related to Bitcoin, not as the stability of the currency, but the most damaged are the bitcoin holders at that time.
maybe it would be better to reformulate to decentralised vs. centralised.

And yes, I completely agree with you about trusting altcoins.

One of the most interesting aspect of Bitcoin is it sustainability of value over time, and even though am not in support of leaving the crypto space for a long time even though you are holding Bitcoin but you will have some level of peace of mind while holding Bitcoin but you are still expected to keep check of portfolio even if there held in a none custodial wallets.

If you follow up things and events since the altcoin boom you will have noticed that most time when Bitcoin value drop significantly it can be trace to the vulnerability of an altcoin, take this drop of bitcoin price at the moment for example, it is as a result of the crash in the FTX that happen some few hours ago.

Celsius, FTX, Terra etc have all seemed like scam coins and scammy institutions all along. 

Don't hold coins on exchanges, and don't fall for the dodgy get-rick-quick pump and dump coins.

Celsius(CEL), Terra(LUNA) And more recently, FTX(FTT) Crash, What Lesson Are We Being Taught?


       We are being taught not to trust in Altcoins, Bitcoin is the only cryptocurrency that should be trusted, if you are investing in bitcoin, after buying and moving your Bitcoin to your Non-custodial wallet, and keep keys in a safe and secure place, you are free do delete the wallet, even leave crypto completely.

Come back in 10, 15 years, get your keys, get your non-custodian wallet back up and restore your wallet, your bitcoin will be just as you left it..
Maybe with a better usd value?- Maybe but that's not the main purpose or message in this topic, the message in this topic is that --After staying away from crypto for so many years, you still meet your bitcoin the same way you left them in your non-custodial wallet, you can decide to move it to an exchange and sell or keep holding.


On The Other Hand...

       If you are investing in Altcoins, then it is mandatory to always be online every day following development update as well as the market, as you never can tell what decision the team will make at a particular time that will trigger a sell off, you have to be there to catch some part of your money as they flee  , but if you are the type that buy altcoin and stay offline for like a month or two before checking again, you might just come back one day and discover that the altcoin you bought and kept it as a future investment are now worthless.

Now, imagine business men/women, working class men/women who bought FTT(for example), kept it in their private wallet and because they are too busy with their day job, they don't have time to follow the project up, they probably trusted FTT as a very genuine investment.
Think about how they must be feeling the day they might decide to check to see how the price is doing only to discover that FTX exchange is no more and the native token have gone to hell to say hello to satan

Even a simple shift from one contract address to another ( which is very common with Altcoins) have costs inactive investors their money, as they were not online to follow the process provided by the project team to shift their tokens from the old contract to the new one at the provided or specified  time period.

Conclusion

        If you are not the type that spend several hours online everyday like me, then please give more attention to buying Bitcoin.

I will give three reasons why..

• Bitcoin is the only cryptocurrency that has no team to make useless decisions that will crash the price or destroy the project.
• Bitcoin has never and will never experience a shift in contract address (cus it has non) that will leave you with worthless coins if you are not online at the specified time period to swap, as it is common with most altcoins
• Bitcoin has the most liquidity, it can never be delisted from any exchange due to low trading volume as it is with some altcoins in the long run, so be rest assured that even if you are away for 10 or more years, anytime you come back, there is always some body ready to buy your bitcoin from you at the market price.

A lot of reasons, learn and never invest in altcoin and abandon it and say you will come back in the future to cash out millions, you might just return in the future and discover there is no longer a project associated with the altcoin you bought.
If you must be Away for even a day in this space, Buy Bitcoin instead.