I took the bash-history related stuff from https://github.com/mrzool/bash-sensible and have been VERY happy with it. Among other things, it makes sure all your histories from various open terminals get merged, not overwrite each other -- I think maybe just `shopt -s histappend` is enough for that? But I was messing around with my settings regarding history settings for a while tweaking and tweaking, until I found bash-sensible, tried it out cut and paste, and found it was perfect.
## SANE HISTORY DEFAULTS ##
# Append to the history file, don't overwrite it
shopt -s histappend
# Save multi-line commands as one command
shopt -s cmdhist
# Record each line as it gets issued
PROMPT_COMMAND='history -a'
# Huge history. Doesn't appear to slow things down, so why not?
## SANE HISTORY DEFAULTS ##
# Append to the history file, don't overwrite it
shopt -s histappend
# Save multi-line commands as one command
shopt -s cmdhist
# Record each line as it gets issued
PROMPT_COMMAND='history -a'
# Huge history. Doesn't appear to slow things down, so why not?
HISTSIZE=500000
HISTFILESIZE=100000
# Avoid duplicate entries
HISTCONTROL="erasedups:ignoreboth"
# Don't record some commands
export HISTIGNORE="&:[ ]*:exit:ls:bg:fg:history"
# Useful timestamp format
HISTTIMEFORMAT='%F %T '