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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
herecomesjohnny
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January 07, 2018, 11:59:16 PM
 #2141

Bitcoin has a great potential and with the potential, there also comes the great, it could be called also passive, income. The great benefit of the long-term profit awaits the ones that are eager enough to be patient and to hold Bitcoin till the growth will be stabilized.

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elash
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January 08, 2018, 02:10:18 AM
 #2142

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

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My auntie who share her knowledge about bitcoin, she use to store her bitcoin because when the time come that the price of bitcoin increases of course she can get the higher return of it, they store it and waiting to increase the price of bitcoin and I think that's the best reason behind why they store their bitcoin.

gg20222
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January 08, 2018, 02:44:02 AM
 #2143


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.
Wewe Gombel
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January 08, 2018, 03:32:01 AM
 #2144

Is the right thing if we get a big profit by being patient to wait until long, this applies to any type of investment like gold, stock or property, it takes a long time to get big profit.

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January 08, 2018, 04:05:44 AM
 #2145

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

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Those people who stored their bitcoin in their wallet obviously want to reach the high price of bitcoin because bitcoin is like an asset. Others do they buy bitcoin and take advantage on that because of the faster grow of bitcoin price so they can get a high profit but there is a chance that you will also lose if bitcoin drop so better don't panic if that is happen.

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OrangeSeller
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January 10, 2018, 06:47:51 PM
 #2146

Most people saves money for their future. They believe that sooner or later, bitcoin will increase it's price and because of that they will benefit a lot from it. They also believe that bitcoin will become future currency that will give them easier transactions with less hassle and also it will be used in case of emergency.
Bitcoin is very good at investing it for sake of longer terms and bitcoin delivers 500% profit to the pioneers who invested earlier because the rates of bitcoin are mostly in rising state and It gives a lot of profit in past and now it is heading toward the new record values and the best way to secure your future is bitcoin simply invest into it and then sell your coin in time of need and you will be blessed with more than you expect.
aeternus
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January 10, 2018, 10:51:36 PM
 #2147

If you bought a 1BTC for 5years ago...then you exchange it today.
You will noticed how the profit multiplies from your capital at the time you bought the 1BTC.
That's the benifit of Hodling the bitcoin for a long time.

But nobody knows what will happen. All are just speculation.
Its still Risk to hold for a long time.
There are risks that is undeniable but at the same time the risks are exaggerated, the media likes to create ridiculous stories about bitcoin and the reasons of why it is going to crash when the person that says that most of the time does not have any knowledge about the subject or has an interest in bitcoin not succeeding since that will affect negatively their lifestyle.
RedzoneASE
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January 11, 2018, 01:22:59 AM
 #2148

The bitcoin benefits for long term would be unpredictable.  Either positive or negative we don't know.  Market is unstable you cant know what happens next.  But if you want to truly gain benefits always open your eyes for new opportunities. 

Findingnemo
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January 11, 2018, 01:28:50 AM
 #2149

Yes it is the new way to invest your money in a correct way for your future bitcoin is one of the most used currencies by people particularly young generation put more interest in bitcoin investment .

Arz26
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January 11, 2018, 11:04:30 AM
 #2150

Yes I agreed in saving a long time because there's a time to increase the price of profit in BTC.
jc123
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January 11, 2018, 11:44:56 AM
 #2151

You can save much money through it. That you will no longer worry about your expenses.
shiunsai
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January 11, 2018, 01:09:08 PM
 #2152

Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.
Ranly123
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January 11, 2018, 01:18:12 PM
 #2153

Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.

I diffinately agree with your thoughts. There will be no point in saving your bitcoins without even using it, since it is a currency, using your bitcoin in a proper way is also a benefit from your investment because you can roll your profit in some other cryptocurrency or ICO's. Another reason is the risk on your investment if you hold it for a very long time, like what happen in december 2017 where bitcoin surge to up to $20k and now fall like a shooting star in a $12k-$14k only. This is what we should think about when planning on holding bitcoin for a very long time.

gabbiee
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January 11, 2018, 01:55:03 PM
 #2154

They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it.

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Kokoy
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January 11, 2018, 02:14:59 PM
 #2155

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 holding Bitcoin is good if you are preparing for something , maybe studies, or occasions but holding it for the rest of our lives doesnt make us better, the profit that you should have been enjoying might fade away, cause rumors come to life that Bitcojn may end two years from now.

TOTOARRO
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January 11, 2018, 02:45:21 PM
 #2156

For the exceptionally fundamental motivation behind why they keep their bitcoin in their wallet is for them to gain a major benefit later on as bitcoin's value anticipated that would ascend high and keeping bitcoin is much the same as keeping valuable stones and diamonds.

It can likewise be about future motivation behind why individuals are keeping bitcoin for good like feasible arrangements for their family and instructive arrangement for their future children, business and significantly more.

The main thing I have in my psyche is that no one lose over the long haul when they keep their bitcoin and hold it.
Jancuki
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January 11, 2018, 03:17:27 PM
 #2157

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 save a lot of bitcoin in the wallet in order to sell it when the price is higher, it's a good way to get a profit.
Gheka
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January 11, 2018, 03:21:19 PM
 #2158

They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it.
But it only gives us the greatest benefit when we own many bitcoin, if we do not have too much bitcoin, I think we should have another plan, hold for a long time will not bring us too many benefits because the price of bitcoin will increase to a certain extent, it can not increase forever, and when that happens, we will no longer receive benefits, hold just a waste of time and ignore the other opportunities. So depending on what we have, we should have a strategy for developing our bitcoin, should not be so focused on holding

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Leane Lee Natividad Cuenc
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January 11, 2018, 04:13:48 PM
 #2159

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

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For me the reason why the users of bitcoin benefit of saving for a long time because they want more to get higher profit.ofcourse they will get their benefits...because bitcoin currency it might decrease or increase so the users of bitcoin save their benefits for a long time.

janah
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January 11, 2018, 05:03:37 PM
 #2160

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

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Those are people who holding a bitcoin in there wallet those are greedy one because they just think about increasing the price they dont think the risk/fact that bitcoin will decrease the price.
Btw they have some reason for holding bitcoin maybe they bought btc in low price or they get it for free.
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