bitcoin benefit of saving for a long time?

[Kasabus]

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 is true that holding coins was proven and tested that in the end it will give us a big reward, if we will become patience only. Especially into bitcoin, the expectation of the community in it was too high about the prediction by next year in the value of bitcoin.

Every time bitcoin will break its all time high the more people will speculate that it will achieve another big price.
It happened because of our support and with proper spreading of information, in time we will see that massive adoption that would
again cause the price to skyrocket.

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[mel1978]

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

Come share your thoughts

Because probably they want to be rich. Actually bitcoin is getting higher in value and aside from that it become the hit as of today, many use it and have business with it. They used bitcoins in trading, gambling and sending money to other people. Some are getting to do jobs in order to earn and have many bitcoins  in their wallets.

[Darklinkz]

Judging on the current charts on bitcoin, it really looks like a huge benefit in the long run for bitcoin holders.

[mel0924]

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 benefits of storing bitcoins is that you will get rich in the near future because as time goes, bitcoin value is getting higher and if you will not get your bitcoin in your wallet it will become gold. You will be rich then. That is why many of us wanted to store bitcoins in our wallets.

[dark08]

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 benefits of storing bitcoins is that you will get rich in the near future because as time goes, bitcoin value is getting higher and if you will not get your bitcoin in your wallet it will become gold. You will be rich then. That is why many of us wanted to store bitcoins in our wallets.

The price of bitcoin is unpredictable no one will know what will happen in the future its defend on you if you store(hold) or sell your bitcoin now , but If your updated in bitcoin price you will see  its continue to rise after the segwit2x upgrade. And many of us believe in bitcoin potential so must better to hold bitcoin and spend a little amount for the daily expenses.

[omonuyak]

Storing your bitcoin in an offline wallet for long time is one of the risk free way of making money from your risk capital. Those that bought bitcoin early this year and store them have make significant money if they sell it today! In February this year bitcoin went down as low as $750 and today bitcoin is as high as $4,400 across most of the popular exchangers. Buying bitcoin and others cryptocurrency is one of the way of making good money.

[Kingofbitcoin12345]

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

Come share your thoughts

As bitcoin increases its value day by day it is also affecting the price on years basis, so yeah it benefits them for gaining more profits.. It's like an investments to them and also I do it but not as long as other do.. It is not force to learn this way, you just have to trust that it will increase..

[Md Saad]

since the number of Bitcoin is fixed and these amount of Bitcoin are moving one hand to another hand. when the supply of a product will be same but the demand will increase then the price of that product must bound to increase. so the price of Bitcoin will also increase in the future.

that is why. if someone can hold some Bitcoin for the future purpose then it will bring a profitable asset in the future for sure. so I always suggest everyone keep Bitcoin for a long time.

[fuer44]

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

Come share your thoughts

in my opinion, it would be better to keep bitcoin in the long time. especially if we have many of bitcoin stock in our wallets. we see backward, how the value of bitcoin is increasing every year until now. the possibility of rising for the coming years is also very likely. so save your bitcoin and wait until the value is really high.

[aeternus]

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.

There is no harm in that, but why don’t people want to work and stay dumb forever? I always say that holding is good but only if you can work on you bitcoin due to some reasons but when you have chances to work on them and increase them in number then you should avail that chance. So I would say that if you really want to hold them then you can but don’t do it for long time it can harm your trading skills.

I do not think things are like that many people in the forum have jobs and also earn some money in bitcoin and that does not leave much time for them to try to become traders so it is not really a surprise why they choose to hold bitcoin instead of trying to earn more trough trading.

[andie kisno]

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

Come share your thoughts

this is one of the strategies for a better future, that is by storing the old bitcoin inside the wallet itself, this is done to get the higher selling point it is still profitable to do

[TheNextChampion]

I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

[Doamader]

Sure the more time you able to save your coins you might get an amazing result, but there is as well the risk the coin loose some value over time, once mining period ends, no more halving soo will be demand and supply, but we are very far away from those period yet. If i had bought bitcoins as i wanted when they were worthing 300 dollars and i had hold i could had made an amazing result on the period of 2-3 years, but i do believe even now at 2020 all investors and holders will be able to benefict from the new value that bitcoin will get.

[batang_bitcoin]

I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

Everyone is saving bitcoin for a longer time. Because we know what's going to happen in the future and if you are one of those people that has bitcoin at the time when the price of bitcoin soars high. You are one of the luckiest person alive and you have a lot of money already. And this is why saving bitcoin for a long time gives benefit.

[ObscurePen]

The main benefit is that the amount of money you have in fiat will increase over time. Bitcoin is like gold in this sense. Its value continually increases in the long-term, making it a great asset. This is why people keep their Bitcoin in a wallet for a long time. It is a method of investing called holding. It is quite profitable in the long-term, but because Bitcoin’s price is extremely volatile in the short-term, this strategy is not effective at all. That is why people store their Bitcoin in a wallet for a long time. I mean if you are getting free money by doing nothing, why not? In fact I use this method too. I have around 0.056 Bitcoin sitting in cold-storage. The value of this Bitcoin is rising everyday, and I earn massive profits over long periods of time.

[supandi wiharja]

I think the benefits of bitcoin for a long time as an investment, when bitcoin prices increase and then sell it ..
And very risky to store bitcoin for too long, because we do not know when the price will go down or up.
But i myself believe the bitcoin price for the next 5 years will be higher,i will trade it and keep it for a long time.

[Zooplus]

I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

Everyone is saving bitcoin for a longer time. Because we know what's going to happen in the future and if you are one of those people that has bitcoin at the time when the price of bitcoin soars high. You are one of the luckiest person alive and you have a lot of money already. And this is why saving bitcoin for a long time gives benefit.

I am one of the long term investors and I know people who are here earlier than me are already having a great amount of profit.
With the price increase this big, they had surely made a fortune already and we can be a silent millionaire or billionaire here because the government
will not know how much we are holding.

[logicgate]

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

Come share your thoughts

in my opinion, it would be better to keep bitcoin in the long time. especially if we have many of bitcoin stock in our wallets. we see backward, how the value of bitcoin is increasing every year until now. the possibility of rising for the coming years is also very likely. so save your bitcoin and wait until the value is really high.

I will give the same piece of advice. Bitcoins will soon become the rare commodity of the world and after few years, it would be really very hard to own bitcoins. This is best time of grabbing bitcoins to enjoy a luxurious future. I am myself working on this strategy because I believe in the potential of bitcoins for producing grand profits.

[stepwilli]

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.

Yes that’s the benefits that people get from saving their Bitcoin for a longtime. But it will take you years to see the profits, so it depends on how much patience you can have. If you will be able to save the money you’re making from Bitcoin, leaving for some years and forgetting about it, there is no doubt you will make bigger profits as soon as price goes up.

[SamsungBitcoin]

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.

Yes that’s the benefits that people get from saving their Bitcoin for a longtime. But it will take you years to see the profits, so it depends on how much patience you can have. If you will be able to save the money you’re making from Bitcoin, leaving for some years and forgetting about it, there is no doubt you will make bigger profits as soon as price goes up.

But for me you do not need to wait for too long to make profit from your savings you can do trading to increase your income, if you just want to save i think much better to save huge amount of money to see the great income of your savings.