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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
camito
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January 15, 2018, 03:54:35 PM
 #2181

Because storing and saving bitcoin can give them brighter and better future. Bitcoins price is unstable, it may decrease and increase and most of these people belueve that bitcoins price will skyrocket where they can earn double or triple or even more than what they saved or invested.

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January 15, 2018, 04:23:41 PM
 #2182

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

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why many people are storing their bitcoin ?? a very simple question ... because bitcoin is a coin that has great potential and more and more people are interested to plunge in the world of crypto .. that's why bitcoin prices are rising ,, so a lot of people are saving their bitcoin to get many benefits in the future ..

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January 16, 2018, 07:33:31 AM
 #2183

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 all know how bitcoin works and how its value happen to change over time. If you are going to save your bitcoin for a long time, there are a lot of benefits you can gain from it. You cannot gain this benefit right away instead you should wait and be patient too. It is not always beneficial I think because there are some instances wherein the value falls down that's why you should wait for it to rise again.

Bitcoin can be stored for a long time. But provided you are sure that its price will increase. I now have no such certainty and I prefer to speculate with Bitcoin.
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January 16, 2018, 08:18:49 AM
 #2184

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 post is actually on march 11,2017, almost a year until now. I'm sure you already know what the answer is. That's the reason why some people stored their bitcoin in their wallet in a long period of time because they know that it has a high potential and ability to creates higher value in the future, which is happened already before the 2017 ends. And there's a possibility that it can be happen again this year, because of it's continuously growing population of bitcoin users.
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January 16, 2018, 08:26:55 AM
 #2185

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

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In my opinion, most people who keep their Bitcoin for a long time to wait for its price to sell, and wait one day for it to fall back on buying it and keep going. I am also a member who keeps Bitcoin in his wallet for a long time

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January 16, 2018, 12:56:59 PM
 #2186

I am not a fan of keeping bitcoin in a long period of time. Because the value of bitcoin is hard to predict. Whether it will grow in the future or it will drop. So if i want the value of bitcoin in the market i usually sell my bitcoin. And buy some when the price drop.

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January 16, 2018, 01:07:03 PM
 #2187

I am not a fan of keeping bitcoin in a long period of time. Because the value of bitcoin is hard to predict. Whether it will grow in the future or it will drop. So if i want the value of bitcoin in the market i usually sell my bitcoin. And buy some when the price drop.
Yesh but imaging you're losing your Bitcoin when it's on the way to 20k$ ?
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January 16, 2018, 01:11:56 PM
 #2188

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

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That is because bitcoin has a big future. Bitcoin is a long term investment and if you have bitcoins in your wallet, you will get more interest on it after how many years from now. That is why more people are earning.

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inillo
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January 16, 2018, 01:23:31 PM
 #2189

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

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Holdling has been very good in the past, many people have been very successful by doing that. However I think that times have changed and particularly Bitcoin is no longer the best alternative. It is not bad, but there are other things out there.
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January 17, 2018, 07:44:51 AM
 #2190

You can save much money through it. That you will no longer worry about your expenses.
Holding on of Bitcoin or any famous alternative coin will give large amount of profits. That is why it is advised to not spend these digital assets here and there without any real purpose. Bitcoin is the most fluctuating crypto currency in nature and it increases at a very fast rate so if the holder sells out his digital asset earlier than it should be, he misses out the chance to gain huge increment in his capital.
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January 17, 2018, 12:22:57 PM
 #2191

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 coin has the potential and is known to the community, the longer the longer the price of the coin is worth. That's why they kept the penny for a long time. Holding helps you maximize your profits with low investment.
I agree to that. Holding will help you to maximize your profits and it will help you to not regret anything because when you hold your coin then there is nothing that you can do with that but to have a lot of patience because the market maybe goes down or go up hard so it really depends on your patience if you will make a lot of profit or get a lot of loss.
same here, i agree with all the statements here that holding longer with your bitcoin has the BIG chance to get BIG profit not just bitcoin but also all the coins they might have not value today but sooner or later you will be shock that the coin you think is useless will make you rich.
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January 17, 2018, 12:39:18 PM
 #2192

A lot of people keep COINS in her purse, some even deliberately forget have COINS it (if he keep his password), and sometime in the future he opened the wallet, will be very surprise! That's what bitcoin is for a long time!

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January 17, 2018, 12:40:10 PM
 #2193

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 has a lot of benefit if we save it for a longer time. Benefits in terms of the possible income you may get if you hold it. We all know that bitcoins value is getting higher and higher which you can possibly earn if you patiently wait for the right time. Benefits in your future of course since bitcoin can save in long time and the longer the time the higher its value which may help you to have a better life and start a new business.
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January 17, 2018, 01:08:46 PM
 #2194

After today the bitcoin price drops to more than 40% so I think keep bitcoin for a long time is not necessarily profitable, I will be successful and rich if I sell bitcoin in december ago, so I conclude that long time does not guarantee profit to invest bitcoin.

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January 17, 2018, 01:09:46 PM
 #2195

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 as your savings. You have a great amount of money and want to save you can buy bitcoin. This is also a long-term investment. In addition you can use it to exchange or pay. It's more convenient than sending your bank.
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January 17, 2018, 01:10:36 PM
 #2196

Bitcoin has a special benefit that can not be inflation. The usual monetary problem is that the government can print money whenever they want. If there is not enough money to repay the national debt, the State Bank can print more. If the economy is emerging, the state pumped more money, through many publicity processes known as monetary easing. This leads to a decrease in the value of the currency. Only 21 million bitcoins can be dug out. So, playing is not the problem. In fact, deflation - where the price of goods and services is reduced is more likely to emerge in the world of bitcoin.
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January 17, 2018, 01:11:46 PM
 #2197

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

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Bitcoins are currencies created for the purpose of fighting inflation. I think it will not be worth it. You should invest in bitcoin. This is a long-term savings. Of course you have to accept some risk because nothing is safe
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January 17, 2018, 01:16:43 PM
 #2198

If you see the future of bitcoin, then try. Just be prepared for the fact that you can stay with zero.
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January 17, 2018, 01:36:52 PM
 #2199

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.
Hmm. I think it is really a good idea but i have a better idea for your future. And that is to invest some of your bitcoin in some ICOs for it to grow and for your money to rise up and become more useful when you need that money in the future.
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January 17, 2018, 01:46:39 PM
 #2200

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

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Saving bitcoin is better,  because when you hold or saving bitcoin you will know the price it became higher and higher.  So be patience to wait until you reach the right goal for you.

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