why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.
Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets. I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.
I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger. Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit. yes i am also in favor of trading, i think through trading we can make good money that we cannot even think from other source of earning money. although gambling is also a good way of making money but it is more risky as compare to trading, therefore i will always like to chose trading instead of gambling. Working with Bitcoin there are so many options. Trading one of the best option, also keep our bitcoin profitable too, because we all believe that the price of bitcoin will get higher next few moths or years. In online marketing think always long term, it's safe and secure hence of gambling. yeah there is a lot of people consider that trading is best option to earn bitcoin and we can easily get a good profit from bitcoin trading and if we invest our money in bitcoin we will surely in profit because bitcoin price is rising. |
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Yes it's totally true that bitcoin is becoming a global currency, and bitcoin are now starting to be popular and known by many people. And some person are really treating bitcoin as a global currency because they believe that bitcoin can do such a thing.
to me think bitcoin is already a global currency, because the user of bitcoin are available everywhere in the world, therefore we can clrealy say that bitcoin is a universal currency, hope that the users of bitcoin will increase more and more in future. yeah you are right that bitcoin is already a global currency we can buy anything from anywhere around the world through bitcoin so we can say that bitcoin is already global currency. |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
Mostly problems bitcoin problems would might face in future 5 years is ofcourse technicality issues on system.Yeah bitcoins is been living in the industry for a long time but it may still experience technical failures in system or the whole network I think that issue will be fixed for next couple of years and every time bitcoin faces some problems the operators will find ways to fixed it immediately that why bitcoin was continuous doing great to serves all users and we always see the good progress every year passed. And we are hoping that in the coming years would be much better, would gives us more profit and would be stable of its price in higher level. The higher price of bitcoins will depend on the demand and if demand goes higher then it will automatically take price to higher level and that is surely possible as even now we are seeing that price is rising slowly and steadily which will continue even in future. yeah when demand increase then price also increase and when demand decrease price will be also decrease and we know that bitcoin demand is very much high because bitcoin price is too much high. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
It is still much better to your capital into invest it online. Why? Because when you use it for investment we can easily gain profit by this things. Though saving was still good and better in terms of long term holding investment. yeah invest it online is much more good and i also invest my money in online in bitcoin currency and i gain a good profit from bitcoin because bitcoin price increasing too much faster day by day. |
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I dont think it is possible. I mean bitcoin can never die. Many people know cryptomoney and use it. Earn money with it. invest money to it. No way dude no way.
i agree with you that bitcoin will be never die because bitcoin getting much more stronger day by day and a lot of people adopting bitcoin for their future and maximum people consider that bitcoin is the future of currency. |
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In my opinion, it depends on the flow of product in the market, you can hold the product if the products was going up but if you think that your product was going down maybe the best option is to sell it immediately, to recover the capital you invest.
For me we need to hold our bitcoin for this time and do not sell it price of bitcoin is going to increase time to time and i think in the next couple of year we can get big income in our investment. yeah its good time to hold your bitcoin because bitcoin surely increasing its price to higher value and if we more hold our bitcoin then i am sure we will be get a big profit from bitcoin. |
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There is no comparison between bitcoin and paypal. Its like you are comparing the vacant land and ready possession flat. Bitcoin with the features and no return back once send make it more competitive. With the growing presence across countries this has show as one of the best asset class among all financial instrument last year in term of return. Does paypal gives such returns?
bitcoin much better than paypal. but in some parts we recognize that paypal has nicer features, look like for security from crime then paypal has better things. yes it can have some good feathers also but over all bitcoin is best as compare to paypal. bitcoin is present in all over the world while the paypal service is limited and in most of the area paypal is not present. That what makes bitcoin popular in some Asian and African countries which are restricted by paypal, bitcoin is the best solution to work and earn money online, and it gets increasing adoption there. yeah these reasons make bitcoin more popular that bitcoin has a lot benefits and we can earn money through bitcoin trading. |
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I think the best investment is saving up your money. Don't invest your money to an investment site. It's probably just another ponzi scam. No matter how long it is running, or no matter how many years it promise to run, a ponzi scam will always be a ponzi scam.
Saving money is not an investment my dear friend as saving will never help you in growing your money and you will be having the same amount of money in future too and if you want that your money should grow then you have to take an risk of investing your money in some projects after doing a good research. If you think about it, saving is also a type of investment where the return is 100% and the profit is absolute zero. What you saved will still be the exact same thing after a couple of years. 1USD will be 1USD and 1BTC will always be 1BTC although the value of them might change over time. It's a much better investment than the "investment" sites out there that are just going to scam you. Saving in btc is better then saving in usd as 1 usd will give you value of 1 usd but if you have saved 1 btc then it can give you best possible returns depending on what is the price of bitcoin at that time in terms of usd so its good to save in btc. yeah saving your money in bitcoin is much more better than saving in USD because bitcoin increasing its price too much faster and USD increasing its price too much lower so i think save in bitcoin is very profitable. |
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currently there is an increase bitcoin fairly high price. seeing that it is estimated some future time bitcoin will rise again. I recommend to buy bitoin this time then we can take advantage in the time ahead.
Yeah if you can manage to hold them for a long term by making huge profits then I think you can buy it even at the present price as in long run price will definitely go higher which will give best profits on our investments. yeah long term hold is much more profitable because bitcoin price moving to rising its and if we buy bitcoin and then hold it then we can get a good profit in the future from bitcoin. |
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I would not say bitcoin trading is risky, it is just less risky than other platforms/commodities. Bitcoins has power to regain its value in less amount of time. This gives you bigger windows to trade on bitcoin's price. Yes, whatever you said buying at low and selling at high is the way to trade anything in the market. There are some complex methods as well, but they take years to understand fully. So for people like us, we trade in lower waves of market. Simple buying and selling of the bitcoin. If you want to get more out of bitcoins then for now just keep buying more bitcoins regardless of its price. This is because market research says bitcoin might reach 2000+ this year leading you booming profits. However, it carries risk so be careful about your trade volume. In anyway you can grab whatever you invested. So most probably you have little risk with bitcoin trades.  yeah bitcoin trading is not risky there is a lot of people earn a big amount profit through bitcoin trading and bitcoin increasing its price everyday and bitcoin is profitable currency. |
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I like that your website is different from others. Not the same game like dice all the time.
Rock paper scissors is fun.
Rock paper scissors is definitely the best game offered by Lunarbets  yeah it really a good interesting game and there is also more interesting games and it going very popular day by day and Lunarbets getting much more popularity through their signature campaign. i join the lunarbits there is very interesting game and i prefer to my friend to join it because i feel its good site for enjoyment and a lot of people joining this sites regularly. |
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I believe that it will come true very soon. Some banks are doing work.They will soon know bitcoin.
i think bitcoin do not need bank because bank has a lot of charges and tax i think bitcoin is better on their own position because currently bitcoin have too much lowest fees so bitcoin do not need any bank. |
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I use to buy a voucher, pay bills online, buy a phone and of course trading, bitcoin is very useful and better than all internet payment method. Very like with bitcoin because easy, safe and profitable.
yeah bitcoin is using for bill and we can also buy mobile phone with bitcoin and bitcoin is really using in our daily life and bitcoin is now acceptable in local shop for direct shopping. |
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Sure, everything has it good side and bad side but mostly we all know its great intension to the world
yes that is very right everything has its good and bad sides bitcoin can be use for both depending one the people who are using it. but i think yet majority of people are using it for good deeds. you are right that everything have good and bad effect so i do not think that bitcoin is using for terrorist because bitcoin is a digital currency and which is used for online shopping. |
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Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others. We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money. My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted] Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted] Webster's Online Dictionary defines money as: - 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
[links omitted] [/list] I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice. But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money? yes it is because it has a value and we can buy our goods from it. and among other coins it has a very great value in the market. it is a very good investment also , therefore it is also a money. yes and we can see that in some places we even do not need to covert bitcoin into fiat currency and can be use as directly for buying good from online shops as well as from offline shops also. yeah bitcoin is really accept in maximum places for online or offline shopping and i hope there is will be also use bitcoin for offline shopping and then we will be no need convert it in to fiat. |
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Bitcoun is already used to support terrorist. Terrorist, drug dealers, killers, gun dealers and many bad people used this as a mode of payment because this is tue safest mode of payment in our world. This is the reason why some country didn't accept bitcoin.
i do not think that its the Aim of bitcoin because bitcoin is just made for online transaction and bitcoin is just a digital currency and i think bitcoin is the safest way to secure your money. |
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Most problem bitcoin may take in 5 years if probably technicality issues on the main network or on the subnetworks and some slight system issues
Where you get that answer? as long as all of the bitcoin dev still on the debate and the issue will never have fixed. 5 years? where is that thing coming from? I think bitcoin will still be unstable. Now the price of bitcoin is on the rise. The price is almost back to the price at which the fall began. I think this is due to the positive expectations of recognition to bitcoin and speculative operations in the market. If the market will not panic the price will rise further. yes that is right to say the price is now again touching 1200 USD level and hope that this time the price of bitcoin going to cross 1500 USD level. and will even continue rising. i think it has already cross 1200 USD leverl again. and hope that this time the price of bitcoin is going to reach to 1500 USD level very soon and after that price will continue increasing. i am also agree with you. i think the price of bitcoin will continue increasing more and more and therefore it is most possible that the price of bitcoin will easily cross 1500 USD level. yeah bitcoin increasing its price too much faster day to day and i hope bitcoin will be cross the price to 1500$ in the next month so we will be get a good profit if we invest our money in bitcoin. |
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USD really is being used for illegal activities but rather I will say that money is being used for illegal activities. You cannot say that only USD is being used for illegal activities because all currency can be used to buy illegal things and do illegal acts, all can be used in bribing and in doing bad deeds after all money is the root of all evil. On those illegal activities the main purpose I think is to get more money so all currency is being used for illegal activities.
i think we can not blame USD because any currency can be used for illegal or legal activity we can blame it because it all depend on people if we are positive we should be use our money for legal and if we are negative then we will be use it for illegal activity. |
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I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.
Bitcoin is a great digital currency, a great asset or investment. It is now popular especially to the people who are sending money accross the world. It may be used as a currency of a country, but the problem is, it has still it's flaws which can be a vulnerable aspect of bitcoin that may be abused by the government leaders and use it to make illegal or unethical transactions to make their life easy and comfortable the way they want it. you are right bitcoin is really a great currency and bitcoin more going to popular in the world and i also send my money to any country in bitcoin easily and bitcoin transaction fees is very much lower than bank. |
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Bitcoin was already considered an internation digital currency. But the thing is other countries, no store or shops that accepts bitcoin. Though it is already adopts by some people because of its advantages still it has a good benefits that can help to people.
Japanese government now accepted Bitcoin as a legal payment, in the future there will be more and more countries to accept bitcoin.It may take a long time to be bitcoin could become an international currency, perhaps we could wait until bitcoin accepted by the whole world Yes, since Japanese Government accepted it as their currency some other country will gonna look for the first trial of it by Japan, and for sure once it is successful other countries will follow them. its very good news that Japanese Government accept bitcoin and i hope one day bitcoin will be acceptable in all around the world and i hope all government of countries will be accept bitcoin as their regular currency in the future. |
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