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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Stac
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December 12, 2017, 10:27:34 AM
 #2001

There are many benefits if you save your bitcoins you will get good profits as we can see from the previous price variation of bitcoins there has always been a huge leap in the price of bitcoin market as new user's are entering the bitcoin community there is still chances for the bitcoins to increase the price due to high demand for bitcoins in the crypto market. The bitcoins prices may surge above $ 40000 in the near future or by the mid of 2018, as bitcoins always proves to be a good investment it is better to buy now and save as it can help you earn profits when the prices increases.

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December 12, 2017, 11:53:18 AM
 #2002

Because it is very profitable saving method in last days. It grows a huge amounts in a hours and investors are having a good profit at everyday.
Saving is better than speeding but if you are making a comparison of saving and investing. Then I think you must have divided the scene. There should be some saving amount and then on the flip side, you must be investing in some bitcoin or altcoins.

Reason is, saving will only increase the amount of asset you have, but investing will grow it to more asset and you will ultimately be benefited from it.
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December 12, 2017, 11:46:26 PM
 #2003

I think they stored bitcoins to their wallet just for them to save and wait some time for them to sell it. And they protecting their bitcoin to some scammer.
Whosoever they are, if they are holding bitcoin for a long time and not wasting them on useless things, it is going to make them rich very soon. These people who are holding bitcoin at the moment are future millionaires and billionaires because the way bitcoin is increasing in value, it is quite obvious that in the near future, it would not be really easy for common people to won bitcoin in any way.
Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.

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December 12, 2017, 11:56:42 PM
 #2004

I think if you can trade and make huge profit, benefiting from it would gain more income than holding for a long time, but if you don`t have free time it is better to hold.
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December 13, 2017, 11:05:53 AM
 #2005

People store bitcoin because they will wait until bitcoin prices go up very high and that is to save them money in a very long period of time. Therefore, they will not sell all the bitcoin he holds until bitcoin prices rise so high for their future prospects
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December 13, 2017, 12:03:11 PM
 #2006

The first benefit is income. We are going to make money from bitcoin by saving it for a long time. If you are thinking that you can take advantage of the price increase in bitcoin by taking advantage of its volatility, you should kill that thought. Why? Because the whales are always going to win. Not knowing what you are actually doing in trading will lead you to losses. You can feel a little sorry for yourself during the first losses but it will take you a long time to realize that you should have just saved your bitcoin and not trade at all.

One of the benefits of saving bitcoin for a long time is that it saves you from the losses that you might get by trying to ride with other traders. You can't ride with them simply because they've got better skills than you. All the dips, all the ups and downs of bitcoin, you don't need them. Save yourself from all those market spikes by simply holding bitcoin for a long time. You are probably going to be able to maximize your profits this way. When holding bitcoin for a long time, check the market everyday but still always remind yourself that you are in it for the long haul. The price of bitcoin is going to increase a lot more in the future and you are going to lose your opportunity to sell at a really high price if you sell now.

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December 13, 2017, 12:15:56 PM
 #2007

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder


the big benefit saving bitcoin for long time in wallet is investment. the higher you invest for long period of time the higher you earn a profit.
why? because Bitcoin value is not stable in the market there are many time that the bitcoin value increase.
Once the value of bitcoin increase the result is high profit on your saving in btc wallet.

Yes we will have our own benifits when we keep holding into our bitcoins just think about it yesterday bitcoins hits 18000$ no one expect that bitcoin will hit that amount as of today. It is better to all if we holding and keeping bitcoins becuase if we holding and keep bitcoin for a long time, its price will go up. Like supply and demmand.
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December 13, 2017, 02:47:26 PM
 #2008

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 are all aware that the value of bitcoin is volatile and there is a large probability that the value of it right now is going to increase. If you are going to save your bitcoin for a long time, you will have higher chances of getting larger amount of profit. You will see that most of the successful people here became patient on having their profit and now that the value of bitcoin has risen over the roof, they were able to benefit so much from it.

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December 13, 2017, 02:59:42 PM
 #2009

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 think people used to store in bitcoin because they are hoping for larger income which may be acquired through waiting for a bit. The value of bitcoin is known to be volatile and most of the investors here became attracted to it because of that feature. The value may rise or fall anytime that's why you should be mindful on what's happening in the market. It is also risky since the possibility that you will benefit is not fully assured.

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December 13, 2017, 07:07:38 PM
 #2010

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

Come share your thoughts


Saving bitcoins in your wallet is quite risky because the price of bitcoin is fluctuating we never know when will it rise or fall. But once it continue increasing its value as times go buy those who save bitcoins in their wallets will be so beneficial for they'll have a big profit.
Yeah bitcoin will grow in your wallet and if you hold it for long time you will have profit. Bitcoin is digital currency and most of the time people keep bitcoin is wallet and hold it till the price goes double. Today many people are demanding for bitcoin but it is not available for all so if you are having bitcoin just hold it for long time and invest in bitcoin as much as you can invest for your better future.
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December 13, 2017, 07:15:08 PM
 #2011

I do not know how effective it might be though, but I would prefer my money working for me while I sleep not leaving it dormant in my account

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December 14, 2017, 02:47:51 AM
 #2012

I think they stored bitcoins to their wallet just for them to save and wait some time for them to sell it. And they protecting their bitcoin to some scammer.
Whosoever they are, if they are holding bitcoin for a long time and not wasting them on useless things, it is going to make them rich very soon. These people who are holding bitcoin at the moment are future millionaires and billionaires because the way bitcoin is increasing in value, it is quite obvious that in the near future, it would not be really easy for common people to won bitcoin in any way.
Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.
Correct. New investors in bitcoin usually don't invest at bitcoin because of uncertainty specially today's price. People are more like to invest that they can afford to lose thats why i think they only invest a small amount of bitcoin which i think they are not trying to be millionaire but to make a decent profit to it.

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December 14, 2017, 03:03:00 AM
 #2013

Right, I think the bitcoin price is going to happen significantly if we want to be patient and saving for a long time or at least 2 years, if we got bitcoin 2 years ago when the price is $ 200 and now $ 16,000 then the price increase is 80x.


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December 14, 2017, 03:23:13 AM
 #2014

Of course you can benefit in bitcoin if you will save it for a long time because its value is keep on increasing.
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December 14, 2017, 04:02:07 AM
 #2015

Right, I think the bitcoin price is going to happen significantly if we want to be patient and saving for a long time or at least 2 years, if we got bitcoin 2 years ago when the price is $ 200 and now $ 16,000 then the price increase is 80x.

Bitcoin is indeed good as an investment for a long run, not just because its price is increasing everyday, but also because of its advantages compare to the other coins. Bitcoin is the most convenient coin for me to use amongst all of the coins here in the cryptocurrency world, I don't know why, maybe it is because bitcoin is the most promising coin I've ever seen in my life.

In fact, I've invested my future in it, that is how I trust bitcoin. I know in the long run, I could make the profits more than I'm making right now by saving bitcoin and holding it for the long run.
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December 14, 2017, 04:39:59 AM
Last edit: December 14, 2017, 09:00:24 AM by sumonrud
 #2016

Now Bitcoin reached a remarkable rate of $16,000. some time bitcoin reached $19,000. Bitcoin price was starting the year 2017 only $3k now its price is $16,000 so you can think that, bitcoin value. I think in the year 2018 bitcoin price will be so high. actually, the peoples save bitcoin because they could sell bitcoin at the highest price and it gives them profit.


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December 14, 2017, 04:56:13 AM
 #2017

I think they keep bitcoin for long periods of time with a reason to sell it at a high price from the present time. We can see the rise of bitcoin in 2 years is very significant very high darting. That's the reason why they keep it now, and sell it 2 years or a few years to come, they are optimistic bitcoin prices will continue to rise from year to year. Sell it later when the price is expensive.
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December 14, 2017, 05:22:45 AM
 #2018

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 advantage of having long-term bitcoin is that when bitcoin has forked and created a new coin then we who have bitcoin can have the new coin for free, and other advantages we can become rich.

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December 14, 2017, 07:42:54 AM
 #2019

Yes saving in bitcoin for a long period of time can give benefits because the price has gotten really high, it will bring us a lot of money and can give us a higher profit.
It is true that saving  your bitcoin for long time create you a high profit because the value of bit coin raised rapidly in market. As a result your saving get high value which give you profit. Saving in other currency does not generate such profit because there value not rising up as the value of bitcoin. 
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December 14, 2017, 08:02:08 AM
 #2020

Yes saving in bitcoin for a long period of time can give benefits because the price has gotten really high, it will bring us a lot of money and can give us a higher profit.
It is true that saving  your bitcoin for long time create you a high profit because the value of bit coin raised rapidly in market. As a result your saving get high value which give you profit. Saving in other currency does not generate such profit because there value not rising up as the value of bitcoin. 
The future is uncertain but the way bitcoin is performing we have a good chance to find more success in the future.
I cannot afford to miss this opportunity to invest knowing bitcoin is very progressive, with good education I think more people will be attracted in putting their money with bitcoin.

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