bitcoin benefit of saving for a long time?

[ethereumhunter]

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 easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years.

i think its wise to save bitcoin for a long term and only waiting to sell when the price is reach the highest price but i think if we have to use bitcoin for many purpose, then i advice to use some part of bitcoin to fill what we want and the rest we can keep it into our wallet. the value and especially the increasing of the price is the benefit from bitcoin that can help us to make money for a long term so if you want to make a big money, then you need to save your bitcoin in a secure wallet.

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[BeGoods]

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 easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years.

you can do bitcoin trades it includes short-term saving. You can keep the profits in the main wallet to be stored and held for long periods of time of course it would be nice severance for you

[daringdiscovered]

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

Come share your thoughts

In my situation i just store it in my wallet as long as i don't need cash. We all see that its value continously increase over the year so if i just store my bitcoin on my wallet, let's say 40$ of btc last year is now worth 50$ worth of btc. And when i convert it to fiat i can't control myself spending it too much.

[CraigWrightBTC]

For me the beneficial saving for long time is mean investments/increasing money in the future,
we can see bitcoin's price is increasing years by years, it is increasing the money too.
The most important for me because of I am freelancer in bitcoin, saving values and against inflation.

[PhucS]

Anything has its purpose, and this is the same. I think Bitcoin storage for a long time could also be a way Bitcoin investment. They store and store a lot of Bitcoin when its price is low, over time, its value increases higher than before, then they will be more profitable. Bitcoin's price is unstable, it still fluctuates daily, maybe today's price is down but tomorrow it will rise. Bitcoin hoarders will sell at high prices, and they will make a profit. In addition, they can storage Bitcoins as more and more capital and serve their desired purposes. I think that is the two benefits of long-term Bitcoin hoarding

[lionheart78]

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

Come share your thoughts

One of the thing why people are saving Bitcoin because of the belief that Bitcoin will increase in value as time pass by.  Aside from that people also believe that Bitcoin is digital gold and should be price or even better than gold.  Others believe that it is a store of value that unlike fiat currency thatis subject to inflation, Bitcoin is subject to deflation which they believe that Bitcoin will be very rare when mass adoption is achieved making their savings today will give them a fortune or improve their financial status.

[taxmanmt5]

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

Come share your thoughts

In my situation i just store it in my wallet as long as i don't need cash. We all see that its value continously increase over the year so if i just store my bitcoin on my wallet, let's say 40$ of btc last year is now worth 50$ worth of btc. And when i convert it to fiat i can't control myself spending it too much.

That is why saving for long term is beneficial especially if it is in bitcoin value it increases without your knowing and also this can help you to manage on spending your coins in to something which is not important.

[ajeef]

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

Come share your thoughts

In my situation i just store it in my wallet as long as i don't need cash. We all see that its value continously increase over the year so if i just store my bitcoin on my wallet, let's say 40$ of btc last year is now worth 50$ worth of btc. And when i convert it to fiat i can't control myself spending it too much.

That is why saving for long term is beneficial especially if it is in bitcoin value it increases without your knowing and also this can help you to manage on spending your coins in to something which is not important.

The fact is fiat is accepted everywhere and if we have fiat in our hands then we will keep on spending them on unwanted things and neither you will be able to save fiat nor bitcoins in case if you convert to fiat so its better not to sell your bitcoins as it will hold more value in future and it will be hard to get too.

[Silberman]

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.

although it is really very difficult to predict about the price of bitcoin but still i will like to say that there are so many means through which we can find out and can predict about the price of bitcoin.

In this time bitcoin isn't a good place to save our money for the long-term investment. because the market chart is really terrible. Over $100 in a day and i don't think if it will be a good choice for us just keep our money into the bitcoin form. With HF in the future and the price of bitcoin will alwaysdrop.

While this kind of movement may be a lot for some, the truth is bitcoin losing over a hundred dollars in just  24 hours is nothing really new, all of those that got in bitcoin should know that already, bitcoin is not like the dollar that only losses a few cents every day.

[Mbah Tyo]

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.

although it is really very difficult to predict about the price of bitcoin but still i will like to say that there are so many means through which we can find out and can predict about the price of bitcoin.

In this time bitcoin isn't a good place to save our money for the long-term investment. because the market chart is really terrible. Over $100 in a day and i don't think if it will be a good choice for us just keep our money into the bitcoin form. With HF in the future and the price of bitcoin will alwaysdrop.

While this kind of movement may be a lot for some, the truth is bitcoin losing over a hundred dollars in just  24 hours is nothing really new, all of those that got in bitcoin should know that already, bitcoin is not like the dollar that only losses a few cents every day.

you are absolutely right, for today only bitcoin has decreased to $ 200, I think it is now the right time to buy bitcoin to be stored for the long term

[FlightyPouch]

Well ,the first ones to earn bitcoin was the one who is really lucky about this saving. That time bitcoin has just a price of almost nothing. Now it is so high that it is over running Gold. You can save bitcoin but you must also trust them.

[dothebeats]

The thing is most people assume that as time passes by, the value of bitcoin will also appreciate over time, which is true to some degree (or just a coincidence, maybe).  It's a pretty simple iway of investing: you buy something, keep it there for a long time and hope for the best that it will gain price over time.

[btcjocan]

The benefits of saving for a long time is the future price increase and when you sell it you will gain profit. That profit you gain will be use for the investments you are planning to have for a long time.

[ufaiz50]

The benefits of saving for a long time is the future price increase and when you sell it you will gain profit. That profit you gain will be use for the investments you are planning to have for a long time.

there is also a loss because storing too long. I thought for a digital currency have risk to save term-long and no one can know the price of bitcoin down or up the present example bitcoin prices suddenly down about 6%

[Doamader]

Due to the big issue around bitcoin, spliting the community as well exchanges and miners, i wouldnt advice to use bitcoin now for saving purposes, bitcoin were with a good value, and it crashed almost 300 dollars fast, only do saving if you are mining, buying bitcoin directly may cost you something you cant afford to loose.

[absy]

Due to the big issue around bitcoin, spliting the community as well exchanges and miners, i wouldnt advice to use bitcoin now for saving purposes, bitcoin were with a good value, and it crashed almost 300 dollars fast, only do saving if you are mining, buying bitcoin directly may cost you something you cant afford to loose.

So that means , according to you , BTC price won't go up in future? If I buy 900$ worth BTC today and keep it for another 2 years don't you think I will be in profit ? I think BTC price will go up eventually and this is just a temporary downfall . I am not into mining but I think saving it is a good idea.

[pinkpanther03]

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

Come share your thoughts

There stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

It's appropriate to call it as investment because possibilities to lose is still there, regardless on how many number of bitcoins you are holding in the future but if the price will fall, it will still not be worthy. This is an investment that we believe will give us great return as we are basing on the past result, we've seen the success and fall of bitcoin but still we are optimistic, hope our faith in bitcoin will pay off at the right time.

Indeed, you are definitely correct pal   But I don't think it will fall into worst scenario.  I really do believed into bitcoin, and I knew most bitcoin lover are also holding to that belief too. That's why because of positive view of many it is one of the factor why some of the whales investor are getting into bitcoin because they saw the high demand of the users all over the world.

[HatakeKakashi]

I think why people store their bitcoin their wallet for a long time  to long term investment. Because they wait to increase the price of bitcoin and they sell it. Like me I store my bitcoin in my wallet in 2 months because I wait the price to increase more but the bitcoin price is dump yesterday but I think 2 weeks to 1 month more before I sell it. I will wait the price of bitcoin to increase more. Saving have benefits you can earn profit .

[deisik]

If you look at the entire journey of bitcoins then one thing you will notice that the price has kept on increasing over a period of time and that is the reason people prefer to save their coins for long term hoping that price will be even higher in next couple of years and we have witnessed the same thing in last few months as price is not the same as it was 6 months back and we can expect the same thing in next few months or years too.

But at this point of time, keeping your bitcoins is not advisable due to the problems with consensus. The exchanges have stated their opinion on this matter and they have accepted the fact that there will be no consensus that will happen. Thus there is a possible split in bitcoin so bitcoin will now become two, the first is BTC for the core developers and BTU for bitcoin unlimited. Saving bitcoins in the wallet as of now is not a good idea but rather let us sell our bitcoins temporarily and wait for any good news that will bring another rise to the bitcoins price

I also read this letter yesterday

Personally, I'm inclined to think that this is essentially the end for the Bitcoin Unlimited project (or whatever its name). After thinking about that for a while, I came to the conclusion that such an end would be better than endless talks and streams of FUD. When exchanges start listing this new Bitcoin, people will stay away from this coin since it will be just another altcoin based on the Bitcoin codebase. And it will most likely end like Litecoin and other Bitcoin copycats. Most folks will obviously stick to Bitcoin Core and SegWit after it gets activated when rogue miners behind BU finally sail away

[carlfebz2]

If you look at the entire journey of bitcoins then one thing you will notice that the price has kept on increasing over a period of time and that is the reason people prefer to save their coins for long term hoping that price will be even higher in next couple of years and we have witnessed the same thing in last few months as price is not the same as it was 6 months back and we can expect the same thing in next few months or years too.

But at this point of time, keeping your bitcoins is not advisable due to the problems with consensus. The exchanges have stated their opinion on this matter and they have accepted the fact that there will be no consensus that will happen. Thus there is a possible split in bitcoin so bitcoin will now become two, the first is BTC for the core developers and BTU for bitcoin unlimited. Saving bitcoins in the wallet as of now is not a good idea but rather let us sell our bitcoins temporarily and wait for any good news that will bring another rise to the bitcoins price

I also read this letter yesterday

Personally, I'm inclined to think that this is essentially the end for the Bitcoin Unlimited project (or whatever its name). After thinking about that for a while, I came to the conclusion that such an end would be better than endless talks and streams of FUD. When exchanges start listing this new Bitcoin, people will stay away from this coin since it will be just another altcoin based on the Bitcoin codebase. And it will most likely end like Litecoin and other Bitcoin copycats. Most folks will obviously stick to Bitcoin Core and SegWit after it gets activated when rogue miners behind BU finally sail away

Its very true we may experience price drop as of now because of this event but it would really end up just like on altcoin it may have an effect now but people would really love to come back and engage only into bitcoin. Its not permanent at all thats why bitcoin is really worth it to save for long time and seeing on the price now its the best time to buy as much as we can.