bitcoin benefit of saving for a long time?

[megynacuna]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

Need I say more? It's obvious we store bitcoins hoping for increases in its prices in order for us to sell back on the exchanges and make profits as a result.

[StarofBTC]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

Price appreciation and the comfort of having the same amount of Bitcoins in the long run.

Some would be scared that they are not smarter than the market and would lose coins, others see it as a long term mechanism to accumulate wealth they can afford to leave alone.
Aka spend cash instead either way the reward is large enough for them to do it based on the price but at some point they will take the coins out and make actualized profit on their investment.

Many people don’t have the option of saving for a long time, they want to get the money quick and easy that is why they go for gambling and investing, bitcoin saving requires a lot of patience and not everyone can do so, but if you have the time you can leave the bitcoin for a long time and you will end up with a good profit in a year or two.

[deisik]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

There may be a host of reasons

But first, we don't really know whether so many people are actually storing their bitcoins which are assumed to be sitting idly in their wallets for any significant amount of time. I remember that some self-proclaimed Bitcoin whales acknowledged here ("confessions on the blockchain", so to speak) that they were keeping their coins in (likely futile) hope that in the future when Bitcoin gets worldwide recognition and acceptance, they will become a new wealthy elite (as if the old, no less wealthy one would ever let them)

[gracia0023]

Many of us expects bitcoin to go higher in its value. That is why, it is very beneficial in saving it. Some people actually thinks that it is more helpful and a wise move if you save bitcoin because it has a very promising future. Based on its popularity, i guess, many people will be encourage to invest in bitcoin.

[Wesimon]

Its price is getting higher so investing bitcoin in your account is very beneficial. Though there will be times that we need to spend it but it should only be spent in necessary things.

[Subrojit Roy]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

It can't be said that bitcoin prices will keep increasing it has now increased to good amount now but the price once had also drooped to 700 and 800$.
If a person buys 1 btc in the current market rate and the btc rate falls down in the near future by  a pretty good amount and the rate is not increasing theres a chance the person who bought it for 1000$ is going to get a huge loss.

[Esphere.in]

Its price is getting higher so investing bitcoin in your account is very beneficial. Though there will be times that we need to spend it but it should only be spent in necessary things.

Keeping bitcoin for a very long time depends upon your needs and if you are living mainly on the benefit of bitcoin then you need to sell off for necessary things.But most investors are not selling the coin until they earn the targeted profit.

[bajing]

Many reason for they do that's:
1. they believe by holding bitcoin can make them rich

2. they wan make the price keep increased due by holding/storing bitcoin will make the demand of bitcoin are increasing but supply is decreased

[hamiltonik]

Its price is getting higher so investing bitcoin in your account is very beneficial. Though there will be times that we need to spend it but it should only be spent in necessary things.

Keeping bitcoin for a very long time depends upon your needs and if you are living mainly on the benefit of bitcoin then you need to sell off for necessary things.But most investors are not selling the coin until they earn the targeted profit.

Each investor is trying to achieve his goal. But there are also such coin holders who themselves do not understand why they do it.
I would like to save a few bitcoins for a long time. And use the rest now

[vrm86]

Holding Bitcoins in fact means having an open market position - value of your wallet strictly depends on market fluctuations. While I think, that saving some BTC for long term is quite reasonable, it's still risky and our predictions about going to the moon are just bagholders wishes  

[markyminer]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

Price appreciation and the comfort of having the same amount of Bitcoins in the long run.

Some would be scared that they are not smarter than the market and would lose coins, others see it as a long term mechanism to accumulate wealth they can afford to leave alone.
Aka spend cash instead either way the reward is large enough for them to do it based on the price but at some point they will take the coins out and make actualized profit on their investment.

Many people don’t have the option of saving for a long time, they want to get the money quick and easy that is why they go for gambling and investing, bitcoin saving requires a lot of patience and not everyone can do so, but if you have the time you can leave the bitcoin for a long time and you will end up with a good profit in a year or two.

in fact some people do not have the element of holding bitcoin for a long time. to me as  i am already investing my money for a long term so i never face such a big lost in my life time and i think that it is the only reason behind that i am holding bitcoin for a long time.

[Minimii]

Holding Bitcoins in fact means having an open market position - value of your wallet strictly depends on market fluctuations. While I think, that saving some BTC for long term is quite reasonable, it's still risky and our predictions about going to the moon are just bagholders wishes  

Those who lives will see for sure. We all just need to have trust in BTC. If people keeps the trust we will continue to grow, no doubt.

Best Regards,

[lionheart78]

The continous increasing of its price proves that Bitcoin is a good investment, from other side, People are afraid of the price volatilty, but when Bitcoin becomes less volatile, more people will turn their attentions to it, and it will becomes a good store of value.

If bitcoin become stable and scalability issue is fixed, it will be better as currency than a store of value.  Adoption and saturation will increase the price of Bitcoin.  More demand and diminishing supply means increase in rarity.  One that increase value is rarity and Bitcoin is destined to be rare.  So saving it for now will definitely benefit us through its value and price value increase.

[tabas]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

It's very simple because most of the bitcoin millionaires and billionaires / bitlionaires right now did bought thousands of bitcoin and stored it for a longer time. And the demand of bitcoin each year is getting higher and higher which is attracting investors to come. It's a normal thing if you will hold for a longer time because the price chart is uprising since the beginning.

[socks435]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

It's very simple because most of the bitcoin millionaires and billionaires / bitlionaires right now did bought thousands of bitcoin and stored it for a longer time. And the demand of bitcoin each year is getting higher and higher which is attracting investors to come. It's a normal thing if you will hold for a longer time because the price chart is uprising since the beginning.

If you are old bitcoin holder and holding a lots of bitcoin you can be rich because the value of bitcoin before compare to the present price is too high.. i heard that bitcoin price before is $10 until 2013 that i heard that  bitcoin was increase and touch to $1k value and now down to $300 until to increase into good price until we touch back to $1k plus value and i feel that we can stay here for too long..

[prass tyo]

This is very helpful because most people save bitcoin as an investment, and because there are so many investment scammed, it's better just to put coins in your wallet and keep it safe and because the price of bitcoin is growing so keep it for a long time will bring huge profits for shareholders. The investment risk is very small

[jeraldskie11]

Yes ofcourse, there is a benefit of saving a bitcoin for a long time because bitcoin price as we see in chart has a huge increases so we can hold or save money now on our wallet because we know that bitcoin will pump the same. That's what I'm doing now, I'll covert my money into BTC because I earn just by saving it.

[DoublerHunter]

Yes ofcourse, there is a benefit of saving a bitcoin for a long time because bitcoin price as we see in chart has a huge increases so we can hold or save money now on our wallet because we know that bitcoin will pump the same. That's what I'm doing now, I'll covert my money into BTC because I earn just by saving it.

Bitcoin is one of the easiest way to make money without even wasting any time or energy. Bitcoin is all in one package for me because you will have money/currency and you will have an asset at the same time. Bitcoin can be used in different online websites that accepts bitcoin and you can use or buy their service or product with bitcoin and you can also earn money without doing nothing because the price of bitcoin always goes up and that is what lazy people's like, is to earn money without doing anything. I also save my bitcoins as of now and i'm very happy for the results of saving it for almost a long time (1 year) because its value grows a lot and it already doubled or even tripled my capital or investment.

[X-ray]

The continous increasing of its price proves that Bitcoin is a good investment, from other side, People are afraid of the price volatilty, but when Bitcoin becomes less volatile, more people will turn their attentions to it, and it will becomes a good store of value.

If bitcoin become stable and scalability issue is fixed,

When is the scalability issue getting fixed? The bitcoin dev drama just hurt the bitcoin itself and if there will the hardfork in the future and it will give bad impact for the bitcoin itself and it's really hard. This is about finding the best solution about the scalability of bitcoin.  just try to fix the scalability with the random solution and it will kill the bitcoin.

[bravehearth0319]

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

There stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.