I‘ve been doing this ever since I migrated from Windows to Mac in 2015. My bash history has over 40k lines, datestamped. I can recall any command I have typed in my terminal in the past seven years. Extremely helpful whenever I need to repeat anything in the terminal.
# Edit
I sometimes add comments to commands via `# This‘ll do this and that` so that I can find the command by those keywords in the bash history.