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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Gladiator25
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November 25, 2017, 04:20:33 PM
 #1861

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 because they think the value of bitcoin will still rise and benefit them as their profits increase too together with the pump. It does not happen all the time actually that's why you should be mindful about holding your bitcoin or not since it's not always a bountiful season. There are also times where most of your bitcoin will decrease as you keep it that's why you need to be aware.

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November 25, 2017, 04:26:34 PM
 #1862

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 think they do this because they are aiming for a certan price which may satisfy them as they wait for it. The value of bitcoin is volatile so if you really want your money to grow then you should be patient and save for a long time so that you would not end up regretting selling it right away, we all have different methods on how we make our money grow and saving is a good one indeed.

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November 25, 2017, 05:08:56 PM
 #1863

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 are storing their bitcoin in their wallet for a long time because the value of bitcoin is volatile which means there are still some possibilities that your current profit will rise or fall. Those people who has stored their bitcoin in their wallet for many years had surely gain benefits right now as the value of bitcoin rises. You should only hold if you think the value will still increase.


But, as we can see, month by month the price of bitcoin is always rise isn't ?
Bitcoin price is down, only if there's an event or an incident that involve something about blockchain network, or event like China in a few months ago, and whenever bitcoin price is getting down, that was our chance.

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November 25, 2017, 05:23:25 PM
 #1864

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

Come share your thoughts


Bitcoins value is incredibly unpredictable. The reason why most of the bitcoin users store their money in their wallet for a long time is because the of the increasing value of bitcoin. Once you store a certain amount of bitcoin in your wallet, it increases it's value and you'll get a good profit though you are not exerting much effort. It is a great investment where in by just storing your money, you'll get more. It is a wise decision if you're afraid to store your money in unsecured bank or wallet.

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November 26, 2017, 08:01:08 AM
 #1865

For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.
Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go up

Agree! The main reason why people hold their bitcoin for a long time because they believe and have so much trust in bitcoin. Their vision is not just in short term but a longer spam of time. Like those people who bought bitcoin around 2009 they never thought that bitcoin price will reach up to $3,000 all they know is that the price will surely rise as years go by.
A few people are quite recently sitting tight at a sudden cost knock which many are anticipating that soon should happen and after that they will offer the bitcoins to increase gigantic benefit out of their bitcoins. Other individuals simply have a few objectives as a primary concern like $3000 or $5000 for bitcoin to cost at, at that point they will offer bitcoins to begin claim business or utilize them to purchase a house or something.
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November 26, 2017, 08:12:19 AM
 #1866

I think yes may be bitcoin save for a long time if we believe it, if there's a believer there just a users and donators ,and I hope to save for a long time.

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November 26, 2017, 08:42:54 PM
 #1867

Definitely bitcoin can save more money if this stay in the wallet for a longer time. Just like with other investments, the value will continuosly improve if this is being used by the people. Value circulate in the market and it does give more benefit for those who invest and keep it long term.
It does not like an investment, it is an investment. People are buying bitcoin in order to raise their money more and more. They believe in bitcoin and bitcoin is having the biggest market cap ever. Bitcoin makes people crazy even though most of them do not understand what bitcoin is and what bitcoin is capable of.
Those that do not understand bitcoin are surely going to lose money, you cannot invest in something you do not know and hope to make money, things are not so simple when the price goes down these people are going to panic and are going to sell for a bad price, no one should invest in something they do not understand that is the fastest recipe to lose your money.
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November 26, 2017, 08:51:28 PM
 #1868

Definitely bitcoin can save more money if this stay in the wallet for a longer time. Just like with other investments, the value will continuosly improve if this is being used by the people. Value circulate in the market and it does give more benefit for those who invest and keep it long term.
It does not like an investment, it is an investment. People are buying bitcoin in order to raise their money more and more. They believe in bitcoin and bitcoin is having the biggest market cap ever. Bitcoin makes people crazy even though most of them do not understand what bitcoin is and what bitcoin is capable of.
Those that do not understand bitcoin are surely going to lose money, you cannot invest in something you do not know and hope to make money, things are not so simple when the price goes down these people are going to panic and are going to sell for a bad price, no one should invest in something they do not understand that is the fastest recipe to lose your money.

Yeah people easily get panic when they see downfall in the price and start selling at lower price which is unprofitable for them and I think people should learn from their past experience and should not get panic easily and should hold their coins tight as in long term price will bounce back and that can bring good profits for them.

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November 26, 2017, 08:55:11 PM
 #1869

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

Come share your thoughts


Bitcoins value is incredibly unpredictable. The reason why most of the bitcoin users store their money in their wallet for a long time is because the of the increasing value of bitcoin. Once you store a certain amount of bitcoin in your wallet, it increases it's value and you'll get a good profit though you are not exerting much effort. It is a great investment where in by just storing your money, you'll get more. It is a wise decision if you're afraid to store your money in unsecured bank or wallet.

It is even a wise decision if you are confident in banks, banks will not offer more than a few % per year, bitcoin is probably averaging about 600% per year or something ridiculous!! Holders all profit just not as much as perhaps the successful traders, but then they have far less risk so it's a balance.

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November 26, 2017, 08:59:28 PM
 #1870

the benefit they get is a doubled advantage, those who hold bitcoin I think some people have forgotten and some are just investing , besides those who hold bitcoin are mostly rich people ,all-round life sufficiency and bitcoin in their demands just to save ,additional benefits to them help the crypto trading cycle

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November 26, 2017, 09:57:28 PM
 #1871

The best thing about holding bitcoin is that there is no risk involved of loosing money as we have seen that price goes higher in long term so if you hold your bitcoins then it will give you sure shot profits in future but I recommend to invest some of it in trading to grow your bitcoins faster as only holding will never grow your bitcoins.

          
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November 27, 2017, 03:58:27 AM
 #1872

this is true, bitcoin will not get any disturbance, including taxes.
so bitcoin is one way to save and will be safe for a long time. maybe this is one of the right solutions for people who are not trusted with bank or regular curency

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November 27, 2017, 05:06:52 AM
 #1873

Good approach for people who wants a better value of bitcoin in the near future. They are waiting for a high rocketed value.
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November 27, 2017, 05:15:00 AM
 #1874

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

Come share your thoughts


I store my bitcoin for a long time because i know in the future keeping bitcoin will give you more profits.  for me bitcoin it's a form of investment. I found out investing in bitcoin is more profitable unlike you investing in gold.
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November 27, 2017, 05:21:50 AM
 #1875

i think its value can be compared to how the value of stocks inflate and deflate. like stocks, bitcoin's, as per economic terms, "book value" may increase and decrease in time.
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November 27, 2017, 05:28:37 AM
 #1876

Bitcoins is a volatile currency,  it's price drops and high in fraction of seconds.  As bitcoins from the day of its origin is increasing and showing its fluctuating nature. Bitcoin is continously growing and so as it's prices and demands in populations.  Benefit of bitcoin saving accordingly to me is first of all that bitcoin prices will increase it will benefit that the amount I bought will be less and the amount they reach on savings will be of high difference and high difference means higher profits. Bitcoin is continously surprised us with its benefits and advantages. And we can use it as a asset also.
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November 27, 2017, 05:41:53 AM
 #1877

For me, the benefit of saving your bitcoin for a long time is the increasing amount of bitcoin. We all know that bitcoin doesn't have a stable price, it will increase, or it will decrease. But if holding you bitcoin, you will notice that at the end of the day, week or month, bitcoin price rapidly increase, and you can earn a lot of money if you sell it. Smiley

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November 27, 2017, 07:26:56 PM
 #1878

For me, the benefit of saving your bitcoin for a long time is the increasing amount of bitcoin. We all know that bitcoin doesn't have a stable price, it will increase, or it will decrease. But if holding you bitcoin, you will notice that at the end of the day, week or month, bitcoin price rapidly increase, and you can earn a lot of money if you sell it. Smiley
If the price of Bitcoin will increase easily as your said, why do many trader lose their money in Bitcoin trading? The whale control the price, so, they always change the scenario to correct the trending and make the mentalitity of traders become panic.
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November 28, 2017, 07:21:56 AM
 #1879

I think that there is no unambiguous answer...you need to look at the calculations and news...it will be better for me to save it for a long time, because I believe in its power...
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November 28, 2017, 04:33:41 PM
 #1880

When the price of bitcoin is increasing rapidly that is the benefit you can get for saving your bitcoin for a long time. As time goes by and bitcoin price increases then the more you earn a lot when you exchange your bitcoin to real money. Although we know that not all the time bitcoin price is high it is fluctuating and not that stable.

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