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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
swordling143
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October 24, 2017, 07:46:06 PM
 #1541

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 other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.

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October 24, 2017, 07:46:49 PM
 #1542

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

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So many people stored their Bitcoin in their wallet mostly because they want to make profit when the market value of Bitcoin increase as compared to when they bought them. This is because they see it as an investment that can yield good return at the end of the day and which is exactly what is happening now.

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October 24, 2017, 08:01:58 PM
 #1543

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.
If you are dedicated to your investment then you should be in control of your self together with your self confidence and self control with the right knowledge. You will likely to become a successful person while benefiting bitcoin with the use of your knowledge. Through time you will learn more about of what is the essence of investing, either it could be ups or down you will handle it with ease because you are well experience at this scenario. You might lose something but you will gain more than what you lose.



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October 25, 2017, 08:31:25 AM
 #1544

I think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.
“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.
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October 25, 2017, 10:02:27 AM
 #1545

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

Come share your thoughts


People save the bitcoin for the long time it take the risk that bitcoin in future will increase. If the bitcoin increase they can  make more money. They store bitcoin for their saving also.

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October 25, 2017, 10:49:24 AM
 #1546

Mainly because of the promise that it wil rise to $500000 and even exceed more than 500k in just 10-20 years time and become one of the world main currency use for payment most people invest and get into bitcoin thinks that way. And it seems to be late that the demand of bitcoin is getting higher and the insane leaps of bitcoin lately proves that the dream is not impossible to achieve and the recent demand is a sign that is progressing well and only few countries has accepted what more if the whole world knows about it and adapt it.

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October 25, 2017, 11:20:26 AM
 #1547

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

Come share your thoughts



Well other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.
People who do that way by storing bitcoins for a long time are stored on their wallets. I think they believe the price of bitcoin in the future will be more expensive, but other than that there is another reason why they take the safe way so the bitcoins they have can be stored longer in their wallets than have to invest in an untrusted site.

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October 25, 2017, 12:23:52 PM
 #1548

I think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.
“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.
Of course the risk of holding will less than the risk of day trader, but honestly, it just useful when the price of Bitcoin still cheap.
As now, if I want to become a Bitcoin holder, I do not think it can gives me a lot of profits after one year.
If the price of Bitcoin can comeback to $1,000 I will consider and buy a lot Tongue.
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October 25, 2017, 12:32:34 PM
 #1549

when i have bitcoin, i will sell in high price. and i take in stable price and than sell it.
i never hold for long time (except the price still low), and sell when get bitcoin.
if you save just for long time, you have 50% chance to get benefit or loss some of bitcoin, because you know bitcoin price is unstable. but if you sell in high price, and buy at low price you will get more benefit. and it can use for long time.

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October 25, 2017, 12:40:30 PM
 #1550

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

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People deem it as a safer, no hustle way to earn more money from the same amount of Bitcoin. Bitcoin's "history" and price charts have shown that the price always recovered and kept an upward incline, thus, people hope that BTC's price will keep climbing.

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October 25, 2017, 12:44:11 PM
 #1551

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 the value of the bitcoin is changing everytime. Some people are just saving their points and coins and wait for the right time when they can maximize and have more than they originally have.
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October 25, 2017, 12:52:47 PM
 #1552

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

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Its good to hold bitcoin for the meantime until the price is right. However, saving it for a long time maybe risky too because price varies every time. We really wouldn't know the rise and fall of bitcoin. Its better to spend part of it to realize also its benefits upon selling it or converting it to your local currency. Many may save it for along time in order to accumulate his or her goal amount. I really depends on every individual. Either way its beneficial.

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October 25, 2017, 01:02:07 PM
 #1553

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

Come share your thoughts



Well other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.
People who do that way by storing bitcoins for a long time are stored on their wallets. I think they believe the price of bitcoin in the future will be more expensive, but other than that there is another reason why they take the safe way so the bitcoins they have can be stored longer in their wallets than have to invest in an untrusted site.
Yeah, most of these people are people who have blind faith in bitcoin, they believe the price of bitcoin will rise very high in the future, so now they think they just buy, hold and wait, their future will be better and richer. In addition, they are not good at investing, they do not have too many skills and experience, they just want to find a safe investment, they do not want to bring their money to places where investment is too dangerous, especially the altcoin market, they do not believe in themselves, they think they can not earn money in it, their safest option is to hold the bitcoin for a long time. However, they do not know this is a very dangerous choice, the future of bitcoin is unpredictable, they are betting on something unpredictable, that is not a wise decision


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October 25, 2017, 01:46:26 PM
 #1554

A year ago everyone never thought that bitcoin prices could reach $ 6000, it is also the same that no one thinks next year's price could reach $ 15,000, this proves that the rise in bitcoin prices is very drastic and does not need to wait long for profit 100%.


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October 25, 2017, 01:48:23 PM
 #1555

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.
In my opinion, if you actually want to earn a huge amount of money by investing in bitcoin, then the best option for doing this is to invest in bitcoin for the long term. It will for sure help you earn much more money than you ever expect. The way bitcoin is increasing in term of its price with each passing day, holding is the best thing to do by the ones who are having bitcoins in their wallets.
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October 25, 2017, 01:57:06 PM
 #1556

Looks like, Ya. Because, there are some of my friends hold bitcoin since 2 years ago and just sell it now. They get tremendous profits, even there is one friend who can buy a house from his patience hold bitcoin. Good achievement for bitcoin holder in my opinion.
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October 25, 2017, 02:24:20 PM
 #1557

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

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So this is how it goes, you posted this topic 7 months ago, if you  have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.

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October 25, 2017, 02:49:18 PM
 #1558

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

Come share your thoughts


So this is how it goes, you posted this topic 7 months ago, if you  have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.
Since crypto are the future as well as it is the way to have much business and many proves already how bitcoin helps individual and companies in earning, everyone or users should know by now that long term investment of bitcoin is worth doing.


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Vritesh
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October 25, 2017, 04:46:41 PM
 #1559

Bitcoin is the excellent long term investment asset.Most of the people  store their bitcoin in their wallet for a long time because they know that if they will hold there coins they will surely be profited in the future as Bitcoin's demand is increasing so it's price will surely rise in future .

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Sasha Grey
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October 25, 2017, 05:02:12 PM
 #1560

If we calculate then the beginning of the year bitcoin price $ 900 and now reaches $ 5500 or up more than 600%, if a year we get 600% profit then if we keep at least 5 years it will reach thousands of percent.

waiting..
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