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Author Topic: bitcoin benefit of saving for a long time?  (Read 81780 times)
magmar
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August 26, 2017, 12:53:11 PM
 #1001

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

Come share your thoughts


Knowing that the bitcoins value have a high possibility to grow their price like what they always did. People, including me, are holding our bitcoins through our wallet hoping to gain more money through that investment. We are more persuade because of the teen who became a millionaire because of holding his bitcoins for a long time. Bitcoins value is way too different from before they are very expensive and very hard to get because it is the best ways of investment.
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August 26, 2017, 12:57:59 PM
 #1002

These individuals put away bitcoins in their wallet as a funds for them and when the time bitcoin cost will achieve higher cost in the market, they will offer their possessions with the goal that benefit will be earned. Along these lines of holding bitcoin sum is truly a beneficial parts of ventures and you will have mo difficult circumstances persuading other individuals to purchase items, and you just need is bitcoin adjusts in your wallet. A large portion of the general population store bitcoin as speculation and in light of the fact that there are such huge numbers of defrauded venture, it is better quite recently put your coin in your wallet and keep it safe and on the grounds that bitcoin cost is continue rising so sparing it for quite a while will bring enormous benefit for the holder.We can not state whether bitcoin will develop or fall, we ought to consider the two situations as similarly likely and the misfortune is unimportant contrasted with the conceivable benefit. It is reasonable to contribute a little level of their investment funds in bitcoins with the expectation of spending them years after the fact. A significant number of us toss out considerably more cash for pointless things. Be that as it may, your speculation can be exceptionally beneficial, you can pay the home loan later on or get the cash to open your business.
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August 26, 2017, 01:04:33 PM
 #1003

bitcoin's price is volatile, in simple words its market price always changes(as price is made by the demand and supply of the market) and because Bitcoin is being made at a constant mining effort and also with constantly increasing difficulty the Bitcoin price will increase so that miners can get enough paid for their invested power and time.and this makes Bitcoin the perfect target for long term investment because it will always gonna increase its rice until the last block is mined.
Indeed, there are many community here where they've been doing this things several times in the other coins. And most of them was miners who hold their coins for good. Due to the volatility of bitcoins sometimes was a big help most often for the holders and miners because they hold it in a long terms.

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lukmandog
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August 26, 2017, 01:15:02 PM
 #1004

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.
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August 26, 2017, 01:20:24 PM
 #1005

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.

For me the benefits have been enormous and holding it for a long time has seen mymeadly volume of bitcoins raise in value to something I'm really proud of and if this trend of persistent increases continues for already one more year I think I'll be able to fulfil a childhood dream and that's one of the benefit.
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August 26, 2017, 01:29:24 PM
 #1006

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.

Yes, with the long-term potential and the advantages that bitcoin receives in development, we can absolutely believe that bitcoin will continue to go up, archiving it for years will help you get the profit margins.

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August 26, 2017, 01:58:31 PM
 #1007

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.

Yes saving for a long time will always give you positive results as people who would have invested in bitcoins in last year and have managed to save till this point of time have already made huge profits and if you save it even longer then you can make huge profits in next couple of years as price will keep on rising over a period of time.

          
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August 26, 2017, 02:10:22 PM
 #1008

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

Come share your thoughts

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.

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August 26, 2017, 02:30:05 PM
 #1009

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

Come share your thoughts

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.

Saving is the easiest way to make profits from bitcoins but as you said that saving can be boring so its better to invest those coins in trading instead of keeping them idle in wallet as trading then generate regular profits which is never possible with saving as saving will give you one time profit and that also when you sell your coins.

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August 26, 2017, 02:33:48 PM
 #1010

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 is really good to save bitcoin, and better to save a lot of your bitcoin, so in the future you can have more because the cost of bitcoin increases and I think that by the end of the year there is a possibility that bitcoin value can hit $5000 and if you save today you can earn by the end of the month by just saving it! just my opinion! Smiley
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August 26, 2017, 02:42:57 PM
 #1011

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

Come share your thoughts

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.
Well, that's true. Saving is always a better way to grow in economy. It serves as a base for each and every other investment With bitcoin the benefits were high, as the growth is tremendous and the users earns big for what they save in accordance to the time period of the saved volume of bitcoin in the wallet.

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August 26, 2017, 03:14:25 PM
 #1012

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.

Yes, with the long-term potential and the advantages that bitcoin receives in development, we can absolutely believe that bitcoin will continue to go up, archiving it for years will help you get the profit margins.
Yeah, saving bitcoin in the long run will bring us more profit in the future. However, there are many opinions saying that saving bitcoin will waste many opportunities to make money, so in my opinion, we should just save a part and the rest we will invest in the opportunity to make money. That will help us have more bitcoin in the future even though it is risky but I think we should venture to become richer.


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August 26, 2017, 03:18:20 PM
 #1013

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

Come share your thoughts

the reason why many people prefer to hold their bitcoin for a long time is because they want to earn more money. Holding bitcoin is really a effective way to make more profit and money. I think holding is a key to become a millionaire.

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August 26, 2017, 03:23:18 PM
 #1014

I agree with the posts above. Everybody hopes that bitcoin price will go up and up, so I am also saving all my bitcoins.
Offcourse it is a risk, but sometimes you need to take risks

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August 26, 2017, 03:36:30 PM
 #1015

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

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Because they know that investing their money to the bitcoin is really profitable. Bitcoin has really potential in the market and it is really good for investment. The benefits that they will get is they can make many profits if they hold their bitcoin.
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August 26, 2017, 03:38:54 PM
 #1016

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

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In wallet as price go up the value is their stored bitcoin simultaneously going up also. It is one way of investing for some and I also do it to my own. It might not have big profits as big as investing outside the wallet but I think it's enough if you do have big amount of bitcoin stored. And it also lessen the risk that's the importance of it.
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August 26, 2017, 05:48:37 PM
 #1017

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.
for sure bitcoin is a long term saving and the price is increasing very fast and it is growing the worth of the bitcoin  so the price of the bitcoin will increase a bit more for keeping it for long time. The price of the bitcoin increasing and it will grow future for sure so invest in bitcoin for long term and make good profit in the future saving will help you and your family for long time.




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August 26, 2017, 05:56:15 PM
 #1018

This is obvious, saving bitcoin for a long time is a very profitable long term investment. So if you can afford to buy bitcoin now as much as you can, then do it if you believe in bitcoin and I'm also sure bitcoin prices will continue to rise even higher.

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August 26, 2017, 06:05:50 PM
 #1019

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

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Because they know that investing their money to the bitcoin is really profitable. Bitcoin has really potential in the market and it is really good for investment. The benefits that they will get is they can make many profits if they hold their bitcoin.
I agree with you. Profit is the main reason why there are many people investing their money in bitcoin. Therefore, if you want to be rich, you can invest your money in bitcoin. Bitcoin can increase its price for the next 5 years stably. Moreover, people invest their money in bitcoin because they believe in the new technology which can change the world: blockchain and the cryptocurrency

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August 26, 2017, 07:35:03 PM
 #1020

Bitcoin is the best asset for the future. I think that's one of the reasons people keep bitcoins in the future. Besides the unstable bitcoin price makes one think to keep it. That's just some of the reasons I mentioned. A definite for now bitcoin has become everyone's choice for investment. Because the price of bitcoin is very high. And most importantly you can control your emotions. Because of the panic that we do of course we will do the wrong thing, need a very mature calculation in making decisions.
This simply put the benefits we are going to get with bitcoin are simply too great to not invest money in it and when people finally realize this we are going to earn so much money that is difficult to imagine.

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