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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Bestwishes745
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October 21, 2017, 11:25:38 PM
 #1521

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 store my bitcoin on my wallet because I want to save my money. Also, everyday the currency of bitcoin change so its better to store it for the lucky that make your money be bigger. Saving money is really important for me because in case of emergency there's a way to get money. If you save a lot there's a lot of profit that you can get like increasing your money and you can save a lot.

I do the same with you, and this is important.
because human life is full of the unexpected. and Bitcoin is an asset to save your money. other than that there is hope that Bitcoin prices will rise further.
Bitcoin is not an asset to save your money, if you want to save your money into asset, go to Gold will better than Bitcoin. First, Bitcoin is an asset for investment, sometimes, the volatility of Bitcoin can make it become a speculation type than investment. So, you can not save your money at here.
Bitcoin and all the other crypto currencies are called digital assets so BTC is an asset just in a different form than usual.  If a person will spend his money on bitcoin and then keep it for long, he will become a real rich guy. This is what facts say. In the present period, nothing can be more helpul than buying bitcoin and holding them for a good duration of time. It improve sthe financial level of the holder as we can Google some examples.
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October 21, 2017, 11:56:53 PM
 #1522

I think the only reason they are saving bitcoin is because of a high return of investment. They buy bitcoin and hold it for a long time because they believe that the price of bitcoin after a year or two will increase which is a good strategy.
Saving bitcoin will get a big profit in the future. I buy some bitcoins when they were 400 usd but now they nearly get 10.000 usd. So i belive in kepping bitcoin is the best way for investment and profit growth

Yup even I bought when the price of bitcoins was around $300 2 years back and I am still saving those coins in my wallet and if I sell them now then I will be making huge profits but I believe that price can go much higher in coming months and that would be the best time to sell bitcoins.
I guess if saving for a long time with bitcoin will make you rich. To the extent that you are earning lots of it. For sure you link your bitcoin with altcoins and trade some of it so that you can get more income or profit from it. The benefit of bitcoin is the nice profit it has and would definitely make you understand how important money is and you'll get to know more in disciplining yourself. Bitcoin is not only teaches us to earn and make profits but it teaches us to grow open minded individuals by controlling ourselves in anything we can and I think that's the best benefit it taught us so far.
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October 22, 2017, 02:48:09 AM
 #1523

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 believe that saving bitcoins is better.  As it's prices are skyrocketing.  Bitcoin is become a major investment plan in last few years. It's global currency, There's many advantages of bitcoin that's vey helpful to our daily lives. That's why bitcoin is the most know and most valuable digital currency in the cryptocurreny world. Although the fee per transaction is quite high, this is the biggest disadvantage of btc. The biggest advantage of btc is that users can sit in one place and still be able to make transactions easily and make a significant profit.easy transaction. It's price keeps increasing and increasing. If you have bitcoin or invest in bitcoin your money may double or triple.  You can use bitcoin as a mode payment.
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October 22, 2017, 03:20:43 AM
 #1524

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 believe that saving bitcoins is better.  As it's prices are skyrocketing.  Bitcoin is become a major investment plan in last few years. It's global currency, There's many advantages of bitcoin that's vey helpful to our daily lives. That's why bitcoin is the most know and most valuable digital currency in the cryptocurreny world. Although the fee per transaction is quite high, this is the biggest disadvantage of btc. The biggest advantage of btc is that users can sit in one place and still be able to make transactions easily and make a significant profit.easy transaction. It's price keeps increasing and increasing. If you have bitcoin or invest in bitcoin your money may double or triple.  You can use bitcoin as a mode payment.
There are a lot of potential in the future therefore we have to invest now, anyone who understand the potential profit bitcoin will bring to
their investment will not hesitate to put their money at risk, it's risky but the reward is extremely good so it's worth taking the risk.

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October 22, 2017, 08:17:47 AM
 #1525

So much benefit if they would do that,maybe 10x or greater than that.Some people save their bitcoin rather than investing because they wNt it more secured and afraid of losing.
Well I don’t think so to keep bitcoin for as long time because bitcoin has a good quality that it can change his price in a week so fast saving can give you fast profit and day by day bitcoin price is going high so just need little focus on market trade when you come to know that the price is low so buy and wait for a little time when the price go then sell it out.

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October 22, 2017, 08:19:29 AM
 #1526

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 I guess those are the people who invest in Bitcoins for a very long time and save their money in Bitcoins and just forget that they have something in Bitcoin have money in their bank as well, they are the investors of long run they just invest money and forget about it and after a year or so they come back and earns profit.
well if you save for a long time you can be millionaire  Cool


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October 22, 2017, 08:23:05 AM
 #1527

Just look at all the none moved in years Bitcoin in wallets, are these people saving and waiting or are they simply lost, there was some talk of claiming old accounts, I am not sure on the progress or processes involved in this. Lots of money just sitting there stale, hopefully the owners will wake up.
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October 23, 2017, 11:51:40 PM
 #1528

That's probably a safe bet until all the Bitcoins have been released, then you will have to account for deflation. But until then, yeah, you should hold onto it.
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October 24, 2017, 04:55:39 AM
 #1529

The benefit could make you a millionaire. Remember way back when bitcoin cost only 50 dollars and you bought even 1 coin. That coin today almost cost a 6000 dollars which your 50 dollars could have been. Also this is because bitcoin is constantly growing since then.
I wish I invested when bitcoin had that price even if I did not bought enough to make me a millionaire I will still get amazing profits but since I did not then I’m like most people here in the forum trying to get bitcoin the hard way and putting all my effort behind it.

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October 24, 2017, 05:03:21 AM
 #1530

Yes it is true because in my opinion there are several factors that support it such as halving day where the amount of bitcoin will be reduced by half on each block of mine and will continue periodically until the mine block can not produce bitcoin again, and that I think is making bitcoin prices will continue to rise, making it suitable for long-term investments.
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October 24, 2017, 05:09:03 AM
 #1531

People store bitcoins in their wallet as saving for future and when bitcoin price reaches higher in the market, they sell their holdings for a profit.
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October 24, 2017, 05:15:20 AM
 #1532

The nicest way to do is to save, if I was able to know bitcoin earlier in my life then I will store bitcoin when it was around 1000$  and then sell it this days. The very big benefit also is if there are person who invested 5-10 btc before and then sell it today then they are now called millionaire, patience is a virtue. But, we all know that bitcoin will rise again so let us invest again and store for the big benefits are to come.

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October 24, 2017, 05:35:18 AM
 #1533

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

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You can not ensure that if you are going to save your bitcoin for a long time, you'll earn bigtime. It is because the value is said to volatile meaning that it is sometimes high and somtimes low. If you really want to benefit from saving, make sure that you are watching every change of value on the market so that you may know when is the right time to get all your bitcoin to avoid potentially losing it for some reasons.

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October 24, 2017, 05:39:47 AM
 #1534

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

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yes of course because the bitcoin price is increasing from year to year, you can see and prove it by looking bitcoin graph from 2009 until 2017 it is profitable what percent if you have bitcoin from 2009? it's the same if we have bitcoin in this year and sell it in the coming year.
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October 24, 2017, 05:43:29 AM
 #1535

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

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Those people store their bitcoin in their wallet because they still hoping that it would increase. We all know that the value of bitcoin volatile so keeping your bitcoin for a long time may either increase your income or decrease it. It is unpredictable so it would be better if you would be smart whether you are going to take your bitcoin already or not. Many people regret sometimes because they can see that the value of bitcoin is still increasing.

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October 24, 2017, 05:47:11 AM
 #1536

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

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Ofcourse the value would increase so your current bitcoin will also do. But even though it is continuously increasing, you should still consider the fact that there are times where bitcoin's value goes down hard, just like what happened when bicoin was banned in China. The value dropped so hard and many became scared leading them to get their bitcoin right away. But look now, the value is high and you should probably regret it if you've gotten your bitcoin already.

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October 24, 2017, 05:53:02 AM
 #1537

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

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Probably because people aims to have better amount of profit knowing bitcoincan make them profitable qwithoutqworking outside people tend to save bitcoin for it to double it's price for the next few monthsif bitcoin will raise its value of course.

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October 24, 2017, 05:56:56 AM
 #1538

Yes the holding of bitcoins will give you a lot of benefits. Just like double the price and lifting the value of the btc you hold. Additionally you will also receive free coins. Just like BCC and BTG are currently in the fork. And these free coins are worth the price. Like BCC at 0.1 BTC each value. And BTG at $ 480 is also worth the price. I mean that you hold 5BTC. you will receive a 2,500 $ worth of BTG and that's free and you have nothing to do.
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October 24, 2017, 06:55:00 PM
 #1539

The most logical thing to do is to save/hodl it for a long time since bitcoin is deflationary and will increase in price in due time but it is probably a case by case situation. Say, a person might cash out his coins if he really needed the money or spend it on gambling sites or just needed the money to start another business.

If you compare saving your money in banks and saving it in bitcoin then there is a huge difference. Savings in bitcoin can have a nice return especially if you save it for the long time because you may already have multiply your money many times whereas when you save your money in bank then your money would have lesser value because of inflation and tax as well that is charge against your interest. I consider saving bitcoin as long as it is profitable because there are so many people who are positive about the price going up and because it is not yet in mass adoption, there is still a room for it to increase much higher because also of the limited supply and strong demand.

There are times when I need to cash out because of some unavoidable expenses but most of the time I would just save my bitcoin earnings as investment for it to grow in value and still accumulating as much as I can because there is still a lot of opportunities especially in this forum with signature and bounty campaigns.
This is the right approach, sometimes I need to spend some bitcoin, there is no way around that but if I can avoid it I do it, that way my small earnings keep accumulating and with time I have been able to generate slightly more bitcoin every month despite the rising prices so if I keep this pace for a long time I know that I’m going to have a better life for me and my family.
You do not need to save your Bitcoin forever, sometimes, try use it and enjoy the reward from your work, it can helps you feel comfortable and more motivation when you work. Finally, you also know a small amount can grow to a large amount of Bitcoin in someday, so, do not forget save your Bitcoin too.
That is a different approach and if it works for you then that is fine, but I prefer to save all my bitcoin that way I will be able to get something that I really want, something that I can pass to my future children, a house, now saving enough bitcoin for that is going to take me a lot of time but I’m on my way to reach my goal and I know that someday that will happen.
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October 24, 2017, 07:18:09 PM
 #1540

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 believe that saving bitcoins is better.  As it's prices are skyrocketing.  Bitcoin is become a major investment plan in last few years. It's global currency, There's many advantages of bitcoin that's vey helpful to our daily lives. That's why bitcoin is the most know and most valuable digital currency in the cryptocurreny world. Although the fee per transaction is quite high, this is the biggest disadvantage of btc. The biggest advantage of btc is that users can sit in one place and still be able to make transactions easily and make a significant profit.easy transaction. It's price keeps increasing and increasing. If you have bitcoin or invest in bitcoin your money may double or triple.  You can use bitcoin as a mode payment.
There are a lot of potential in the future therefore we have to invest now, anyone who understand the potential profit bitcoin will bring to
their investment will not hesitate to put their money at risk, it's risky but the reward is extremely good so it's worth taking the risk.
The higher the risk, the higher the profit, it is the rule for any marketplace and any investment form on the world. Bitcoin is just affected by this rule and you can take advantage this theory to make profits from Bitcoin. However, can you ready with the risk of this market? It can makes you lose all you money if you are not careful.


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