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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
rausvi15
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November 05, 2017, 07:59:04 AM
 #1661

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 only thing that encourages bitcoin investors to hold it longer is because they know that bitcoin's value will keep rising in the coming few years. This is the best benefit they can get from bitcoin.
yeah this is one of the factor but their are several more factors that make bitcoin investors motivated for investing, like security and tax free savings, when investor invest in bitcoin he don't have to worry about their asset because the privacy depends upon himself, and there is no tax by government through savings, these assets are totally under your command, no third party involvement.

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November 05, 2017, 02:05:02 PM
 #1662

Unfortunately, proven yes. Bitcoin has been beneficial for people who have been patient with bitcoin for long time. And, I am may include people who experience a loss opportunity because always do sold bitcoin every month that i get from trading.
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November 05, 2017, 02:19:24 PM
 #1663

Unfortunately, proven yes. Bitcoin has been beneficial for people who have been patient with bitcoin for long time. And, I am may include people who experience a loss opportunity because always do sold bitcoin every month that i get from trading.

Everyone who invest in bitcoin experienced loss of profit when they are new and that's how your'e going to plan on your next move to earn more profit. Saving is the best way to earn more profit in this industry because the value of bitcoins is keep on increasing.

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November 05, 2017, 02:32:44 PM
 #1664

Many people store their bitcoin in their wallet for a long time because the value of keeps on increasing so if they save it for a long time possibly they will get a big amount of money in the future.
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November 05, 2017, 06:33:11 PM
 #1665

why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
The point is that's aims to gain more profit when selling it, and they may have been steadily predicting that bitcoin price movements will leads to even more higher price movements. And I think indeed this really can guarantee a promising advantage, has been proven seen that bitcoin price continue to moving higher than before (previous years).
But in the history, you also knew the price of Bitcoin has dumped to lowest price after reached all time high price in 2013. You should to be ready this situation, because the price of Bitcoin can also dumps to low price again like 2013. The history can repeat anytime, we do not know when it happen?
We do not know when or if that is going to happen at all the circumstances have changed a lot since then there is no longer an exchange as big as Mt Gox was back in the day so the possibility of a crash like that happening again are very low, however a crash may come if all the countries of the world declare bitcoin illegal.
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November 05, 2017, 06:43:34 PM
 #1666

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 bitcoins value before last 2012 is $30 and if you compare how much is the gap between the value today the you will notice that it massively increase and there are a lot of predictions coming from professional traders that bitcoins will reach $10 dollars so you better hold longer till it reach that value.
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November 05, 2017, 08:05:45 PM
 #1667

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 bitcoins value before last 2012 is $30 and if you compare how much is the gap between the value today the you will notice that it massively increase and there are a lot of predictions coming from professional traders that bitcoins will reach $10 dollars so you better hold longer till it reach that value.
I agree with you. someone will benefit a lot just by saving bitcoin only. and prices are still going to increase for several months and even years ahead. it makes so much sense to me

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November 05, 2017, 08:11:23 PM
 #1668

Funny to see this thread from march.

What benefit ? Well 600% maybe ? Lol

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November 05, 2017, 08:37:32 PM
 #1669

Whoever saving Bitcoin in the last 5 years will be rich for now. When the price's Bitcoin continue to reach to the top and there is no sign of decreasing.
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November 05, 2017, 09:01:01 PM
 #1670

while it is profitable to store...but this is for the time being...growth can't be eternal...and those who won't sell in time, will lose a lot
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November 05, 2017, 10:28:36 PM
 #1671

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

Come share your thoughts


Yes !! It is a lot of benefits for saving a bitcoin for a long time, specially for those who started in the year 2012, they have a lot of money now, because the bitcoin price is huge now, the value of one bitcoin is raise to 7k$+ imagine if you have a lot of bitcoin with your saving you now one of the millionaire in the world.
indeed someone who from the past still keep bitcoin till now become a billionaire world, not only when 2012 but in 2009 bitcoin like is not considered and now bitcoin be coveted everyone

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November 05, 2017, 10:34:13 PM
 #1672

Actualy it is simple, people hold their Bitcoins to get profit from fluctuation of price. We all know that price of Bitcoin has been going up for quite some time now. It payed of to people who saved their Bitcoins from before this year. But I guess that holding and earning money won't be possible forever. One day price will be steady, and in that moment Bitcoin will trully become currency and not investment.
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November 05, 2017, 11:21:29 PM
 #1673

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

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They treat it as a long term investment because of the profit that they can get for btc for the long period and for any future hardfork that may come, definitely your btc can be x2 upon the hardfork event. I think it is a wise decision.

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November 05, 2017, 11:59:27 PM
 #1674

The people who invested in bitcoin and went for the long hold made a lot of money and in the past one year the rally is so huge that anyone who invested in it at any given moment was reaping a huge profit in a very short period of time and till this day the rally continues,which scares me as i fear that there would be a big crash coming,but it is still moving stronger and i will keep on holding for some more time,until i decide what to do with my coins.

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November 06, 2017, 12:06:47 AM
 #1675

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 is a thing that may not need to be explained back because people want to keep Bitcoin for a long time because it wants to get big profits and become rich in the future Wink
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November 06, 2017, 12:09:18 AM
 #1676

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, I think you could benefit in bitcoin if you save it in your wallet for along time because the rate of bitcoin is increasing and the bitcoin that people save in their wallet will have the same rate as the bitcoin nowadays. So for example, you stored 5 BTC in your wallet then probably you will have $36902. It's quite big already right?
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November 06, 2017, 12:35:05 AM
 #1677

People stored bitcoins in their wallet for a long time because they want the price go high and when its go high they can convert it to their own currency and withdraw them afterwards. Saving bitcoins is like investing , the more you save the more profit you will have in the future , because of the value of bitcoin that is not stable , sometimes the price go low , and eventually go high.

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November 06, 2017, 01:15:27 AM
 #1678

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

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We can simply ask the people who believed in bitcoin since day one. Back in 2009 I think it was only worth around $27 - $30. Who would have thought it would reach $5K of value today? We can simply apply the same concept. People hold on to their bitcoin with the hopes of getting a higher value in the future.
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November 06, 2017, 03:36:17 AM
 #1679

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 !! It is a lot of benefits for saving a bitcoin for a long time, specially for those who started in the year 2012, they have a lot of money now, because the bitcoin price is huge now, the value of one bitcoin is raise to 7k$+ imagine if you have a lot of bitcoin with your saving you now one of the millionaire in the world.
indeed someone who from the past still keep bitcoin till now become a billionaire world, not only when 2012 but in 2009 bitcoin like is not considered and now bitcoin be coveted everyone
Yes it is true, but unfortunately many users are throwing bitcoin in 2009 to 2012, they must be sorry because the price is now reaching thousands of percent, it can be repeated 10 years again, then the best way is we invest as much as possible and 10 years away the price will reach hundreds of thousands of USD.

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November 06, 2017, 03:44:42 AM
 #1680

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

Come share your thoughts

It is because they want their money to be huge and they want if to become profitable while keeping in their wallet in their coming future. That's why some of them still holding it even a years.

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