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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
webelong
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December 01, 2017, 03:35:23 PM
 #1901

Bitcoin benefit of saving for a long time is its price.You are in controll if you want to sell or hold your bitcoins.You can also watch the prices going high or going low.Advantage is in you.

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December 01, 2017, 04:15:03 PM
 #1902

Bitcoin benefit of saving for a long time is its price.You are in controll if you want to sell or hold your bitcoins.You can also watch the prices going high or going low.Advantage is in you.

The good in bitcoin is increasing is the most dominant than decrease , but the advantage is the value can lost any time and we need to know that ,but its imposible for now because bitcoin have many investors.

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December 01, 2017, 04:52:53 PM
 #1903

Saving bitcoin to your wallet has a big benefit. why? because bitcoin price value is unpredictable and in the few day bitcoin is bubble it's price. If start saving on the low price of it meaning nowadays your benefited of ricing of bitcoin price and sure that you will gain a high profit because of price bubble.

I dont think that alot of people will jump in now because of the price is quite high . Even if some people jump in the boat now, they will most likely sell it again once it reach 5 % profit or more. The price of bitcoin now is too high to be even considered as a safe investment. If you are not bitcoin holder then that is what you believe but it will be different for holder

Yes if your plan is to hold bitcoins for next 4 to 5 years then you can buy it even now as in next 5 years the price of bitcoins will be really high but to hold that long you should have patience and should not disappointed even if you see downfall in the price but if you are looking for quick profits then this is not the right time to buy bitcoins.
holding 5 years is not a quick time mate you should know that, holding for as long as it takes patience, good discipline, and intention to withhold, but besides this even though you only hold a few months your chances of profit are considerable high, bitcoin prices rose very rapidly this few month,,
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December 01, 2017, 07:38:44 PM
 #1904

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 because bitcoin will be grow fast and become popular  because of this you can gain more profit . This investment is for long time you need this to gain more but you need to be focus if you feel it will go down you have to sell it

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December 01, 2017, 07:47:54 PM
 #1905

Because every time you seel, the next day you will probably regret. It is hard. It is like an addiction. We all need more, every day. And we need to check the price every minute. I think people are crazy about this.
In the last few months, we saw the benefit to buy and hold BTC. We have to keep in mind that its supply is limited. Therefore, if more people want to have BTC, more it will worth. Just watch the road ahead and try to identify the best moment to let it go (a project that you want to invest the money, a vacation trip, etc.)
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December 01, 2017, 11:44:38 PM
 #1906

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

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bitcoin is a digital currency that has a very high price potential, it is very suitable for bitcoin investment and make bitcoin as a future savings, because the more you save in bitcoin the higher the profit you will get from the profit of bitcoin price increase.
Bitcoin can be more profitable if we hold it for a long long time.
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December 01, 2017, 11:46:37 PM
 #1907

Because every time you seel, the next day you will probably regret. It is hard. It is like an addiction. We all need more, every day. And we need to check the price every minute. I think people are crazy about this.
In the last few months, we saw the benefit to buy and hold BTC. We have to keep in mind that its supply is limited. Therefore, if more people want to have BTC, more it will worth. Just watch the road ahead and try to identify the best moment to let it go (a project that you want to invest the money, a vacation trip, etc.)
I think there is no dout that supply is limited.
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December 01, 2017, 11:58:24 PM
 #1908

Saving bitcoin for a long time is very benefit. you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
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December 02, 2017, 02:48:32 AM
 #1909

Yes saving bitcoin in a long time its okey all of us we need to save it so my money is always I can check it everyday
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December 02, 2017, 04:54:13 AM
 #1910

My thoughts about that is that those people don't really make that bitcoin as their source of income. They store it just a savings. They know that BTC has the potential to get bigger as what happening today. Some people were just encourage to that to wait for the right time in which BTC will be bigger. Wait for their investments which is the BTC they stored in their wallet to be multiplied in several times the value it was bought. If you just believe on a coin like bitcoin, that it will reach to something more you believe, you will just wait for more times before withdrawing it.

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December 02, 2017, 05:10:42 AM
 #1911

Saving bitcoin for a long time is very benefit. you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
Definitely, because that's what you are up to, bitcoin will rise and when you feel you will make profit then you can sell.
We only differ in terms of project but anyone who were able to sell at a profit is considered a successful investor.
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December 02, 2017, 05:36:04 AM
 #1912

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

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Most of the time people just store their bitcoin for a long time because they are investing their bitcoin for the long term. Sometimes when you always check your bitcoin you are always tempted to use it or withdraw it because of the increase in the market cap and you'll always think that should you use it or wait for it to increase more. As you said most of it is for benefits that you got in the long term.
JoMarrah Iarim Dan
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December 02, 2017, 05:50:30 AM
 #1913

Saving bitcoin for a long time is very benefit. you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?

Yes we can gain a bigger profit when we hold our bitcoin for a long time like example if saved bitcoin last march then hold it up to now. Last time I check bitcoin hits 11,000 US Dollar. I think no one expects that. That only means the big profit for those who start holding that time.

Saying this seems easy, yes it is effective but not all people can do it. They cannot hold or save bitcoin since they find "saving money or bitcoin" as a hard thing to do. I do not know why I do not see any difficulties about it since I am the type of person who always save money as well as bitcoin. Maybe they hate "waiting" and has no patience. By withdrawing their bitcoin immediately the "benefit" we are talking about here is not achieved by those people.

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December 02, 2017, 05:53:18 AM
 #1914

The current market strategy is changed the users are moving to the altcoins for buying good amount. Those who are mining for bitcoin they become very expert in the currencies. They have a good patience they hold their bitcoin for a long period of time and through this they will be successful in the future.

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December 02, 2017, 11:32:24 AM
 #1915

I personally save my bitcoin in my wallet and I do it becuase I am taking the risk in increasing the value wallet as bitcoin value fluctuates. I also want to have something liquid in my bitcoin account where I can be able to withdraw it once I needed.
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December 04, 2017, 08:59:32 AM
 #1916

peoples who held your bitcoin for long time now all get turn become billionaires. And now just a small pieces from their bag should would return their profit for there investment already!So this is the year of Bitcoin and Block chain! Congrats to all HOLDER
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December 04, 2017, 09:19:51 AM
 #1917

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

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To investment in the bitcoin people have two reason , First reason is the making money by increasing price in the bitcoin and second reason is the making money by the new coins that we made in the past ( bitcoin cash , bitcoin gold , bitcoin diamond ) .
Here another reason is also that the unemployment is increasing day by day in every country , Because the population is increasing , so to make living they are going in the every possible way of field to make money , the most interesting way of making money is looking like in the current time is the online business or work/job , so they are moving in the bitcoin field , and as usual for every newbie that first of all he will needed to start with bitcoin Because bitcoin is only the thing that is better to understand and handle and people knows more about bitcoin then to any another coin , so they recommend to buy bitcoin first , thats why the price of the bitcoin is increasing day by day and price is increasing and that is resulting into profit in the investment in the bitcoin for long time .
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December 04, 2017, 11:37:19 AM
 #1918

Of course yes, saving bitcoin to our wallet for a long time is also good for our future because it makes profitable. This month of December the price of bitcoin get higher and higher than last month. Today the price of bitcoin can't decrease from $11000 but I don't know on the other time because bitcoin price is so volatile, it cannot be stable in one price. All of us want to check the price of bitcoin everyday to know when we hold it and to be cash out the money from bitcoin wallet. Also the importance of my own bitcoin wallet is to surely protected and it is impossible to hack of others so that they can't steal my money.

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December 04, 2017, 12:17:31 PM
 #1919

The benefit of saving bitcoin is the more you save your bitcoin the more valuable it would get in the future. Bitcoin value is growing over time that is why must people buy and hold their bitcoins for long time, it is because they want to make more profit at the end. Some people buy bitcoin and hold it for a week or two, some for a month or two, some for three months or six, and some people buy and hold their bitcoins for a year or more.
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December 04, 2017, 12:29:52 PM
 #1920

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

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These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

Lucky for those who have never given up in the bitcoin market even during the time when it's not as powerful like these days. I mean imagine getting it for such as low price and storing it passively, only to see it grow so big now, and actually doing virtually nothing to gain a lot of asset or money.

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