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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
sapnu
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September 08, 2017, 11:05:31 PM
 #1141

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 benefit of storing or holding your Bitcoin for a long time is that, your profit will grow over time. Bitcoin market value increases from time to time, which means if you will store your Bitcoin, its price will increase as well as the profit that you will get in the future. This is the common strategy of Bitcoin investors, this is easier and less risky than trading, but still, the profit is good with this strategy.



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September 08, 2017, 11:31:00 PM
 #1142

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.
Yes you are right. No one knows when the process will go up or down. But if see the graph of past few years, we’ll observe that prices are continuously going up and up. So selling will never be the best option. You should keep what you had and try to get more.
Agreed that, HOLD as long you can. Don't sell at the moment, it's going to explode soon. Though, it's true that, It's difficult to predict, but I think it will increase. But, Don't dive into your emotions, talk to the community and getting updated. You will get better results.

Yes I agree with you.  I once regret the fact that I am too afraid to hold my bitcoins.  End result is that I sell my bitcoins due to panick because during that time bitcoin price is going down.  I really regret that moment and now as long as I can I will hold my coins and wait for the right time.
I think that is a very common mistake, especially among the people that are in the beginning stages of their investment with bitcoin, but after some months you learn to deal with those emotions and even when things do not seem to going all that well you learn to hold despite the circumstances.

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September 08, 2017, 11:41:17 PM
 #1143

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.
Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing... Tongue
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Tongue
Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.
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September 09, 2017, 12:42:50 AM
 #1144

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.
Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing... Tongue
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Tongue
Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.
if the op is talking about faucet or signature campaign, then it is right that the income that come from these two source is comparative very low and one have to wait for  a long time regardless the price of bitcoin, therefore i will choose bitcoin in such situation where one can get a good profit in a short period of time.
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September 09, 2017, 12:57:40 AM
Last edit: September 13, 2017, 12:09:27 AM by bncbnc
 #1145

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 benefit of storing or holding your Bitcoin for a long time is that, your profit will grow over time. Bitcoin market I value increases from time to time, which means if you will store your Bitcoin, its price will increase as well as the profit that you will get in the future. This is the common strategy of Bitcoin investors, this is easier and less risky than trading, but still, the profit is good with this strategy.
I am also in favour of long term investment, I am sure that through long term investment one can get a good profit. in fact in long term investment you even do not need to have good experience because you only have to hold your shares and when the price goes up then you only have to sell your shares and through this way you can get good profit.

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September 09, 2017, 01:17:06 AM
 #1146

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 only thing that i know is people store their bitcoin in their wallet to make big profit and waiting for the increase of the price so they can sell it in the price that they want. for saving for a long time, we know that bitcoin price is always change into higher price, people can sell their bitcoin for big profit and this is why they do this.
I think most of the bitcoin users have the same reason why they are holding their bitcoins for a long time. Because holding is one of the easiest way to make it grow. Storing in each of one's wallet and waiting for the price of the coin to rise and  will still store and save it for the long run. And as the time passes by they had already saved much.

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September 09, 2017, 01:23:22 AM
 #1147

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

Come share your thoughts

Simply for them to sell it at higher price as its value increased but nothing.

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September 09, 2017, 03:45:25 AM
 #1148

Saving bitcoin more profitable than saving money in bank. I am optimistic, next 3 years bitcoin value higher than current. While money we keep in bank whether it will be worth better than the bank that gets richer. Bitcoin is the best choice for saving also as investing bcause provides real benefits.
Savings in a bank will not get more interest unlike in bitcoin even though it will rise or low you're investment will surely high.bitcoin has more benefits in terms of savings in your wallet ,like paying your payment bills here monthly there is no hassle way to encounter.
Yes saving your bitcoin for long time can increase the price and the value of the bitcoin, waiting for the highest price will make earn good profit. saving is good because of the multi reasons such as you will be able to get good profit and you will be able tousle it when you need your money but through saving your money can buy some money for you.
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September 09, 2017, 06:24:59 AM
 #1149

bitcoin saving is high risk

let take example if you save from 2010 10K you will be $$$$$$$$$$$$$$$$$$$$$$$


but if you now bitcoin price from night to night  4.000 4.500  3.800
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September 09, 2017, 07:05:55 AM
 #1150

We're not independent from the general bitcoin trend, we can usually win by saving, yet the trend has to be upwards. In other case, we wouldn't have good return from our saving activity. If the market goes like that, we'll win by saving bitcoin.
You are very much right. But I think if someone is not having much knowledge about trading then he should go for saving and keeping the Bitcoins.

But if you know this trick of trading, you should go for it as it is the best way to multiply your money. Investing is no doubt the best option.
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September 09, 2017, 07:16:37 AM
 #1151

bitcoin benefit of saving for along time, purely profitable  currently the bitcoin dip because the rumors of banned, i think now is theright time to buy bitcoin for investment at the lower price, i believe after the issue about the bitcoin banned, the bitcoin goes pumping again and all prediction about bitcoin the price value reach upto 5000$ thats not bad if are holding bitcoin now, the benefit after the are very good figure of digit.

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September 09, 2017, 07:39:50 AM
 #1152

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.
Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing... Tongue
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Tongue
Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.
actually holding bitcoin is also included in the investment but it will not grow the bitcoin you have, but if you do not want to get a big risk then you can just do the holding alone. but if you want to get more profit from bitcoin, then you should grow it in sharing investment methods like investing in minning site, ICO, altcoin, gambling bankroll, etc. but it will add to the risk of loss that you will face.
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September 09, 2017, 09:02:59 AM
 #1153

I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.

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September 09, 2017, 02:42:32 PM
 #1154

I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.

Well the first thing that comes to mind when you talk about saving for a long time is simply profit. There's really not much into it and it's proven that if you are patient enough not to withdraw or sell your btcs, the amount you have today would have grown considerably after a few years

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September 09, 2017, 05:34:29 PM
 #1155

Yes in my own anticipation it could grow to more than 5x fold in the future based on its popularity and contiguous demand in supply.  All we need is to hold/invest and wait for the upcoming years . We already witness right from the start of its distribution until present the significant impact in stock market. Look the timeline and its rate. Its very impressive performance Smiley
I do agree with you. Bitcoin can easily increase its price upto 5 times and therefore, bitcoin does bring a lot of benefit for long term holders. That is the reason why we should have bitcoin in our wallet. Who know. Maybe one day we will become rich thanks to bitcoin. ANd I do think that not only bitcoin but altcoins will also bring us a lot of money and profit

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September 09, 2017, 07:11:30 PM
 #1156

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 only thing that i know is people store their bitcoin in their wallet to make big profit and waiting for the increase of the price so they can sell it in the price that they want. for saving for a long time, we know that bitcoin price is always change into higher price, people can sell their bitcoin for big profit and this is why they do this.
I think most of the bitcoin users have the same reason why they are holding their bitcoins for a long time. Because holding is one of the easiest way to make it grow. Storing in each of one's wallet and waiting for the price of the coin to rise and  will still store and save it for the long run. And as the time passes by they had already saved much.
and specially in present time when the price of bitcoin is continuously increasing, i am sure that bitcoin will continue increasing and people will holding bitcoin for the price increase. i think that is the reason that the price of bitcoin is getting a good support at 4000$ and hope that this time people will will give full support to bitcoin and bitcoin price will once again start increasing and will surely reach to 5000$.
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September 10, 2017, 04:39:39 AM
 #1157

Btc is very good to be stored safely for a long time, every year the btc value will increase and can give higher profit.

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September 10, 2017, 05:09:51 AM
 #1158

Yes in my own anticipation it could grow to more than 5x fold in the future based on its popularity and contiguous demand in supply.  All we need is to hold/invest and wait for the upcoming years . We already witness right from the start of its distribution until present the significant impact in stock market. Look the timeline and its rate. Its very impressive performance Smiley

until now is still a good bitcoin for long-term investment, because up and down the price is still around the price of 4000 $, so it is quite stable, many predictions this month of September is a cheerful month so I hope there will be surprises from bitcoin either up or down prices significantly
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September 10, 2017, 05:19:18 AM
 #1159

maybe there is a benefit in saving your bitcoin for a long time or maybe not, you know there are many things that could affect bitcoin but I am hoping that in the future bitcoin's value will go up. Right now I have have no bitcoin yet but I will do my best to invest in it if I have extra cash in my pocket, right now my salary is quite low (crying in the corner) so its quite hard.
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September 10, 2017, 08:15:54 AM
 #1160

Look at the timeline of bitcoins price, there is a great jump in just a short period and this is still happening. We all witnessed how bitcoin built the reputation of digital currency, the growing use of bitcoins and altcoins affects the price and value of every digital currency and in bitcoin, there is a positive change, an increase in price which we all don't know when it will stop. Maybe until all people in the world is using bitcoin but it is very far from happening.

Yes it is true.  Its price grow rapidly.  It goes up like 700% since last year and I was really sad that Idid not save bitcoin.  I use bitcoin to finance my daily life but not thinking of saving for the future.  It is just this time that I was able to think about it after realizing that it can help me become rich if I will save some of it.
I have not heard of anything that can gain value at such a high speed as bitcoins do. Just, holding on bitcoins can return huge profits. It is because of this currency that many people are able to improve their life standards and save for their futures. For all those who didn't trust it, I can only show my sympathy.
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