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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
bentong talong
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September 22, 2017, 05:53:07 AM
 #1281

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 your bitcoin for a long time will surely give you long term benefits. We are all aware that the price of bitcoin is increasing continuously although it goes down a bit sometimes. Trusting on bitcoin's pump is a risk but if you are going to be able to surpass all of it you will have the chance to earn lager amount of money. Many are believing and expecting that the price of bitcoin would go up to $10000 that's why they are holding it for a long time.

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Ajinomoto40
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September 22, 2017, 06:19:06 AM
 #1282

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

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There are a lot of benefits if you are going to keep your bitcoin for a long time. The possibility that you will earn large amount of money would increase if you are going to be patient with your income. But it depend on your decision. If you are willing to sacrifice the time that you may get your money on hand then wait for a bit. You will enjoy what you may get later on as soon as you can get your income.
 

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September 22, 2017, 07:28:58 AM
 #1283

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.
Yes but if they ban bitcoin then the demand for bitcoin is going to plummet and with it its price however a world wide ban of bitcoin seems unlikely since there are some countries like Japan that seems to be very enthusiastic about adopting bitcoin and getting the benefits that come with it.
Indeed! Even if we look at those who are millionaires now, they have been storing bitcoins for long time and now enjoying the sweet fruits of their patience. Bitcoins are used or understood as savings by many people.

They are not ready to treat it as currency, rather using them as investments and that too for long terms.

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September 22, 2017, 08:24:14 AM
 #1284

If you don't want to take any risky of investing it anywhere then its best to save your bitcoins for future by keeping them safe in your wallet as price is tend to rise in long term but make sure that you manage to hold enough amount of bitcoins as lower amount will not give you higher benefits.And also choose a good wallet like blockchain.
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September 22, 2017, 09:07:03 AM
 #1285

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

Come share your thoughts

Even before, I'm not yet here in bitcoin world I do save some money in bank but never have any interest like what bitcoin can do. Because in bitcoin if you save it there is a big a chance that it will increase more than your capital depending on the demand of the users and investors.

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September 22, 2017, 09:34:35 AM
 #1286

they believe bitcoin price will go more than 10,000$ so that they save it

So you mean that bitcoin price wont go that high? I am the witness of this coin, from $100 and now it is $3k per coin. Do you still doubt this coin? With big of adoption this price will increasing fast enough and no one can predict it. And nowadays I jusr found out that most of my friend just started it. So it will never be too late to save this


                      I haven't really seen it with my own eyes and even witnessed it before, but i have high hopes and expectations that it will rise that high in the future. Maybe some are really doubtful just because they jsut getting started or they haven't seen it before or maybe afraid that it was another schemes from past that they were being victimized.

Bitcoin indeed may look to some like a pyramid scheme, they even say it in the media. In a way any business is like a pyramid scheme in the sense that if people will stop using it it will die. But in fact there's a big difference: any pyramid scheme is supported solely by the money of the people involved, nothing else supports it and when people start to leave the pyramid falls down. With bitcoin, like with other good enterprises, when some people start to leave the others, who remain, will start having more profit.
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September 22, 2017, 11:25:15 AM
 #1287

they believe bitcoin price will go more than 10,000$ so that they save it

So you mean that bitcoin price wont go that high? I am the witness of this coin, from $100 and now it is $3k per coin. Do you still doubt this coin? With big of adoption this price will increasing fast enough and no one can predict it. And nowadays I jusr found out that most of my friend just started it. So it will never be too late to save this


                      I haven't really seen it with my own eyes and even witnessed it before, but i have high hopes and expectations that it will rise that high in the future. Maybe some are really doubtful just because they jsut getting started or they haven't seen it before or maybe afraid that it was another schemes from past that they were being victimized.

It is just hard to wait for a long time when it comes to holding your bitcoin or any other cryptocurrencies as it is so boring, We can't really blame those people that still doubt the potential of bitcoin especially those that are new in the scene.

I believe also that bitcoin will reach $10,000 soon even though there is an issues that really affects the price of it that resulted to the fall down of it, but again it is not bad because it already reaches the $5,000 mark and there is no easy climbing or shortcuts, bitcoin needs to face the process of the crypto market as there is no stair way to success, it is always step by step and let the naysayers and haters spread their opinions.
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September 22, 2017, 11:27:33 AM
 #1288

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

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This question is for those people who is patient and willing to wait just for their future,. for sure those who are save their bitcoins will be rich in just a matter of time. goodluck
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September 22, 2017, 12:02:26 PM
 #1289

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

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Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.
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September 22, 2017, 12:24:08 PM
 #1290

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

Come share your thoughts

Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.

Most likely, such people do not just prefer to save, but simply afraid to invest their coins in some kind of scam and think that it will be more reliable to keep in their purse.

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September 22, 2017, 12:27:23 PM
 #1291

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 think, they wait for the best price. the price that can be touch before.
 for me bitcoin just for short time, so i can trade it when i want, and will be profitable for me.
if you have patient enough to wait for long time, its no problem
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September 22, 2017, 12:35:13 PM
 #1292

Two reasons to get bitcoin and hold it in my wallet :
- hope for a better value in the coming years
- hope for a easier way of spending them in the future, when a lot of marketplaces will use it as a way of payment. That will help bitcoin to increase in value as well.

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September 22, 2017, 01:06:22 PM
 #1293

It seems yes. Bitcoin promises a great benefits just holding it for a long time. We all look to the future about crypto, speculation and rumors against the conventional currency will support bitcoin for larger users.

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September 22, 2017, 01:23:16 PM
 #1294

You can only save bitcoin for a long time if you are doing it for a part time, it is still important that you have a real job outside the online community. It will not give you a stable income if you only focus on cryptocurrency. Where can you get the daily expenses if you are not yet ready to sell your coins? So you still need to spend your saved coins.
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September 22, 2017, 01:42:16 PM
 #1295

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 they could earn more profit if they hold it and wait for a  much higher price in the future as you bitcoin has a lot price hike since it has born, so much more people are expecting that it would still rise even if there are some time that prices is fluctuating because bitcoin is volatile.
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September 23, 2017, 06:32:51 AM
 #1296

If you appear at the historical efficiency of bitcoin, even the last few a long time, we have witnessed how plainly it has been capable to outperform most other investments out there. If that is not good adequate purpose to maintain bitcoin for a extended time, then I do not know what is. As with any other sort of expenditure, there will be volatility and pitfalls concerned but as prolonged as the cost keeps its lengthy time period expansion intact, I will preserve a portion of my bitcoin stored.
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September 23, 2017, 06:44:39 AM
 #1297

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

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Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.

People keep their coins in their wallet because they are waiting for the price to rise up more which will double the amount and gain more profit. And also prefer to save because it is much better and safer from scamming and other fraud that cause to lose the profit.

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September 23, 2017, 06:54:34 AM
 #1298

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

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Actually I am the one who are holding bItcoins. Like other bitcoin users, I am holding bitcoin for future purposes because as we all know bitcoin price is unstable and continuously rising. You will benefit soon if you hold your bitcoin too, you can use it with a higher value and therefore you can buy many other things compared if you spend or sell it today.

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September 23, 2017, 07:02:00 AM
 #1299

Yes that's very true, in the first place bitcoin has limited in supply here on earth and when people interpret bitcoin as a fiat currency , most of them are puzzled and engaged to dig in it for they know money comes after. and we all witnessed most of the people earn a good profit, as the time goes along, many people are demanding to have some piece of it and the more got a widespread news about the benefits of bitcoin it turns out the value are rises. and in the near future will continually exist this will become more expensive.
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September 23, 2017, 07:12:13 AM
 #1300

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

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Many people here that are storing their bitcoin in their wallet instead of spending it on buying something that they want, it because they are waiting for the higher price of bitcoin.

Bitcoin price will rise and rise in everyday or else a month and year so they are waiting for higher price of bitcoin.

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