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richjohn (OP)
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October 13, 2016, 02:19:59 AM |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
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JessicaSe
Legendary
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Activity: 840
Merit: 1000
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October 13, 2016, 02:27:29 AM |
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Saving bitcoins is always good even if you cannot afford to hold it for a long term as price can go higher at any point of time and if you have saved enough coins then you can sell them when price goes higher.
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wintermeasures
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October 13, 2016, 02:37:38 AM |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
Yes Bro Saving Bitcoins is Good Because There Has More Chances Of Price Increase as Compare to Price Decrease And As You Know That Saving is a Good Deed and I am Also Saving Bitcoins But I Invest My Savings In Order to Make Some Big Profits...... |
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genos
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October 13, 2016, 02:42:31 AM |
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Saving bitcoins is always good even if you cannot afford to hold it for a long term as price can go higher at any point of time and if you have saved enough coins then you can sell them when price goes higher.
You are right by that reason saving bitcoin is always profitable. But there are more benefit if saving a lot of bitcoin. Tha benefit is we can di transaction anonimously, lower fee cost, and no need to pay monthly cash like if we saving our money in bank. |
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JessicaSe
Legendary
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Activity: 840
Merit: 1000
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October 13, 2016, 02:43:01 AM |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
Yes Bro Saving Bitcoins is Good Because There Has More Chances Of Price Increase as Compare to Price Decrease And As You Know That Saving is a Good Deed and I am Also Saving Bitcoins But I Invest My Savings In Order to Make Some Big Profits...... Either you save or invest your bitcoins it will definitely help you in long run, saving is safe whereas investment comes with a risk but with better results and you should choose the way according to your convenience. |
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boyptc
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October 13, 2016, 02:46:26 AM |
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Saving bitcoins is always good even if you cannot afford to hold it for a long term as price can go higher at any point of time and if you have saved enough coins then you can sell them when price goes higher.
You are right by that reason saving bitcoin is always profitable. But there are more benefit if saving a lot of bitcoin. Tha benefit is we can di transaction anonimously, lower fee cost, and no need to pay monthly cash like if we saving our money in bank. I agree with you so that if you are going to have enough capital for buying then what you need to do is just going to buy bitcoins as many as you can. And you are just going to buy and hold for it and you are going to wait for the price increase because you are not going to do some efforts for it but you are just going to simply but buy and do nothing. |
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ImnotOctopus
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October 13, 2016, 02:51:56 AM |
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Nothing in history that saving or holding bitcoin is bad cause the price keep rising as time goes by.
Even of youre not holding bitcoin, if you spend everyday you cant feel any loss.
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lorylore
Legendary
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Activity: 1470
Merit: 1002
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October 13, 2016, 02:56:04 AM |
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Bitcoin right now is like a form of investment. There is not many service that we can spend our btc on. So now it is just mainly speculation. However, bitcoin has a unique stand in this world and it can fill in some gaps that other things cant afford so there is still some demand for it.
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bravehearth0319
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October 13, 2016, 03:12:43 AM |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
Earning BTC for me is a big chance to anyone, it has a good in fact in the near future. I do believe that a years from now many countries will totally adopt the system of bitcoin, when it comes to benefits for the users and advantage for the investors. |
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nydiacaskey01
Legendary
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Activity: 1834
Merit: 1036
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October 13, 2016, 03:12:53 AM |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
Yes if the Bitcoins that you earn now are just accumulating and you don't touch it or exchange it, it just sit there till you need it to be exchanged. one good thing about Bitcoins is you can save it and it somehow earns because price fluctuates from time to time and another thing is its non-taxable unlike the regular savings account in a bank or a time deposit, anything you earn is subject for taxes. |
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springgers
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October 13, 2016, 03:23:08 AM |
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It's a risky, no one can say to you what will gonna happen, or we will have a lot of millionaires over here.
This envolves human emotions, so it's unpredictable. Make your bets.
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Viyamore
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October 13, 2016, 03:26:25 AM |
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Yes ,it is always good to spend on bitcoins even we can't predict what will happen in the future great things will happen in the future as of now bitcoin and blockchain technology tends more adoption in some countries .time will come your save bitcoins will be worth .
What you earns for now you can save some of it and invest some for it to grow do smart way of growing your bitcoins not just staking it on your wallet .
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buxlover
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October 13, 2016, 03:45:27 AM |
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Saving bitcoin for future is like gambling, Price of bitcoin or any other currency cannot be predicted, Everyone has is a hunch. But if you consider bitcoin as investment for future, Go ahead and save what you can afford to loose, So in that case even if the price drops to bottom you need not worry much.
But i suggest you to earn and spend bitcoin as normal fiat currency, who knows in future some other technology might take the place of bitcoin.
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~Bitcoin~
Legendary
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Activity: 994
Merit: 1000
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October 13, 2016, 03:46:31 AM |
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Actually there is no guarantee that bitcoin price keep on rising or pumping in next few years so we may see many dumps and pumps in middle. However speculation over price getting doubled or even trippled in coming years is very high and looking at the whole bitcoin trading chart from the begining we can see nice exponential rise till now but better to keep on selling on pumps and buy back at dumps rather than holding for next 5-10 years to sell for profit.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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October 13, 2016, 03:51:58 AM |
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We can't predict the price, that is true, but saving Bitcoins can do no harm. I beleive that majority of people has some smaller or biger savings for the future or waiting for price to go up. Just have to watch how the price is moving to prevent eventual losses.
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The Sceptical Chymist
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Cashback 15%
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October 13, 2016, 03:58:14 AM |
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Can't see why anyone would want to spend bitcoin when it's so volatile. Bitcoin is for a-saving, not for a-spending. Would you spend a shiny gold coin? I thought not. Same goes for bitcoin.
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Doms
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October 13, 2016, 04:05:58 AM |
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If you are earning bitcoin through signature campaign or some other way that doesn't require too much time, then I can definitely say that its worth it. You don't have any capital investment here, just your time and a bit of knowledge. If you have the patience to keep everything that you earn and hold it for a long time, I am sure it is going to sum up to something substantial.
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amacar2
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October 13, 2016, 04:06:40 AM |
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Holding bitcoin for long term as a passive investors may be profitable but better to keep checking price and recent bitcoin news so that you can dump your bitcoins when large dump starts after events like bitfinex hacks or any other exchanger/wallet hacks.
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mk4
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Paldo.io 🤖
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October 13, 2016, 04:08:09 AM |
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ofcourse it's good. looking at the graph alone, it's obvious that bitcoins is gonna rise alot more through the years.
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choppork
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October 13, 2016, 04:48:34 AM |
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Earning any amount of money no matter in what form it is is good unless the way you earned it is illegal. Holding your Bitcoins is just another way of earning fiat. We can't predict how much exactly it would be in the future that is why we should always look for the present price of Bitcoin so we wouldn't lose our opportunity to sell at a high price.
In an instance, you waited for 5 years and didn't check the price. But when you got back, the price was the same as when you started to hold your Bitcoins. You'll surely be disappointed but there's a big chance that you missed all those major increases that Bitcoin had and you've returned at a very bad timing.
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