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Author Topic: bitcoin benefit of saving for a long time?  (Read 81780 times)
Alphagog
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September 10, 2017, 11:52:43 PM
 #1181

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

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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.
I think there is no other better option than keeping the Bitcoin for a longer term. You can for sure earn a lot of profit through this, a lot more than you ever expected to have. The way its graph is going up day by day, it will one day reach at the amount which no one have ever thought.
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September 11, 2017, 02:50:33 PM
 #1182

It is lot's of benefit you can earn a sort of income per year just by holding the coin. You can sell it at any price you want there is no limitations for the amount of profit you are allowed to earn. The price isn't regulated by the government which makes a big difference just research you will find so many reasons

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September 11, 2017, 04:52:11 PM
 #1183

I do not think I need to wait too long like any other investment, with a hold for at least 1 year then we've got profit up to 100%. but if we want more profit, of course hold longer the better.
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September 11, 2017, 06:36:34 PM
 #1184

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 bitcoin is rapidly increase every month if you store your money last year your profit now is x7 or morethan. Thats why it is good to save bitcoin for long tims
Yeah, and that is only one year of profits can you imagine the profits you are going to have if you hold for 5 years, why do you think that many early adopters have not let go of their coins even now, because they know the potential for bitcoin is big so they are not going to sell at these low prices.
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September 12, 2017, 02:02:39 PM
 #1185

look at how bitcoin prices move, you can see graph of improvement over the past few years. if you notice the bitcoin price continues to increase, this is what we can use smartly. we can benefit from selling bitcoin that we have because we can get bitcoin at a cheaper price before.
In short time bitcoin has achieved a lot of value and importance because in bitcoin you don’t need to do work all the day just take your bitcoin keep it in your wallet and save it for long time, one of my friends having bitcoin and when he bought the price of the bitcoin was not so high and today the price of the bitcoin is nearly equal to the double of the amount he invested and still he want to keep it save for more time to get more profit.
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September 12, 2017, 02:06:23 PM
 #1186

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

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Well, having bitcoin on my wallet is one way reminding myself that i am saving at a young age. It has a high value and having a souvenir for oneself isn't so bad at all.

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September 12, 2017, 02:24:35 PM
 #1187

Take a look at the bitcoin price chart since its introduction some years ago and you will see what the benefit of saving it for a long time was.

However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.


you should save some of your bitcoin in part, and the rest again sold if you have a need if not yes we simapan all until waiting for higher prices
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September 12, 2017, 04:58:51 PM
 #1188

Take a look at the bitcoin price chart since its introduction some years ago and you will see what the benefit of saving it for a long time was.

However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.

Bitcoin always increases its price and holding bitcoin for a long time will give you a big profit. However, the higher the price is ,the longer time you might hold. And holding bitcoin will accidentally make it become a form of investment which will make the price of bitcoin higher. And if it happens, more people will hold bitcoin instead of spending it

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kamikadze69
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September 12, 2017, 05:05:50 PM
 #1189

they will benefit from very high and too frequent bitcoin fluctuations. with so many fluctuations going on, they can get a lot of benefits.
aeternus
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September 13, 2017, 04:14:47 AM
 #1190

It is lot's of benefit you can earn a sort of income per year just by holding the coin. You can sell it at any price you want there is no limitations for the amount of profit you are allowed to earn. The price isn't regulated by the government which makes a big difference just research you will find so many reasons
Governments cannot try to regulate bitcoin price, they may try to manipulate it indirectly by banning bitcoin or by imposing taxes or by dumping all their holdings if they have any but bitcoin cannot be manipulated because they cannot print bitcoins, even if they create their own crypto it will be a separate coin not bitcoin.
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September 13, 2017, 04:34:10 AM
 #1191

It is lot's of benefit you can earn a sort of income per year just by holding the coin. You can sell it at any price you want there is no limitations for the amount of profit you are allowed to earn. The price isn't regulated by the government which makes a big difference just research you will find so many reasons
Governments cannot try to regulate bitcoin price, they may try to manipulate it indirectly by banning bitcoin or by imposing taxes or by dumping all their holdings if they have any but bitcoin cannot be manipulated because they cannot print bitcoins, even if they create their own crypto it will be a separate coin not bitcoin.
They can only regulate the company like exchanges but it terms of pricing that would depend us, the basis law will play all the time
and that law is very simple which is the law of "supply and demand". When you are a trader, this is important to you, you buy low and sell high.




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Samueltalk
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September 13, 2017, 05:23:45 AM
 #1192

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

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Storing bitcoin in your wallet is safer, later when you are going to sell bitcoin in considerable profits. It is the best way for everyone who has known bitcoin ...
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September 13, 2017, 05:31:15 AM
 #1193

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 holding bitcoins have many advantages. I gained many benefits because of the bitcoin. I first bought bitcoins when the price is still low and I will sell it in the near future.

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September 13, 2017, 05:37:07 AM
 #1194

they will benefit from very high and too frequent bitcoin fluctuations. with so many fluctuations going on, they can get a lot of benefits.
I agree to you that the fluctuations is the main benefits for saving in a long time. The value of the bitcoin is still rising up and of course the value of our bitcoin is also rising up.

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September 13, 2017, 05:41:28 AM
 #1195

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

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I dare to assure you that there are no profitable savings like Bitcoin savings for a long time. So you should invest in Bitcoin, do not need to do anything, just hoard it in your wallet, after a while, you will notice a huge difference.
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September 13, 2017, 05:49:28 AM
 #1196

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 holding bitcoins have many advantages. I gained many benefits because of the bitcoin. I first bought bitcoins when the price is still low and I will sell it in the near future.
Why is near future? Do you have not any plans or target price for sell your Bitcoin in future? If you want hold Bitcoin in any terms, you should create some targets before buy and hold it!



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September 13, 2017, 05:52:48 AM
 #1197

There are two benefits while saving bitcoins. First is the accumulated bitcoins multiplying over time and the chance of its price increasing, double than before. That's just it and i dont see anything that would add up to these benefits.


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September 13, 2017, 06:08:29 AM
 #1198

there are so many benefits of bitcoin, there are like you have the profits because of the increasing of the volume and the price of bitcoin time by time, also there are the time that bitcoin halving which will be cost the bitcoin increase.
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September 13, 2017, 06:12:14 AM
 #1199

there are so many benefits of bitcoin, there are like you have the profits because of the increasing of the volume and the price of bitcoin time by time, also there are the time that bitcoin halving which will be cost the bitcoin increase.
Bitcoin halving is one of the best event in bitcoin because it reduces the block reward which makes mining or getting bitcoin even more harder and because of that difficulty the price is adjusting to justify the effort that the miners are putting and they make the price of bitcoin higher so if you will save bitcoin and keep it for long term then you can have a chance to witness and get profit from that halving event.
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September 13, 2017, 07:10:07 AM
 #1200

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
Great and I m seeing this that it seems you've doubled your capital already and though it would take more time I think it would be better to still hold on to your bitcoins for now. I think the best is still a hard of us and your BTcs may be a lot more valuable in a couple of months or by the end of this year.
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