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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
lelangsabun
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January 20, 2018, 11:32:46 AM
 #2241

i think something like that is waiting better oppurtunity to get the high price
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trickyriky
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January 20, 2018, 01:43:19 PM
 #2242

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 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.

Price of Bitcoin moves too dynamically. It seems to me rather risky to store Bitcoin for a long time. This requires a more stable price for Bitcoin.
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January 20, 2018, 02:26:32 PM
 #2243

Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).
For me the benefit of bitcoin that we gain is knowledge.  We must thank and we grateful to know about bitcoin. 

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carlisle1
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January 20, 2018, 02:33:07 PM
 #2244

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
added unto this is they trust bitcoin about giving them profit in a long run,they save funds for the idea that one day bitcoin may get higher than what others expecting..just like last december 2017 when bitcoin reaches $20,000 mark..price that only few believe but becomes reality and those who have faith in this coin celebrates and now more than 50% richer than before
daduremi
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January 20, 2018, 02:40:39 PM
 #2245

it's called long-term investment, hold the coins as long as possible to reach the desired target price
do not be influenced by the news that causes panic, fluctuations that are not always your normal course, whether you can be patient or not waiting for the coins you have reached the price you target
pissyas
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January 20, 2018, 02:52:52 PM
 #2246

You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.If you look at the historical performance of bitcoin, even the last few years, we have seen how clearly it has been able to outperform most other investments out there that is good enough reason to hold bitcoin for a long time
zuyfg888
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January 20, 2018, 03:13:26 PM
 #2247

Sometimes you can see the benefits of saving when you see the value of it goes higher and higher. Saving a lot of bitcoin during 2010 can be a higher value for now. We should now when we will be saving our bitcoin. Benefits can be seen after a long long long time.
kamotharnn
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January 20, 2018, 03:50:41 PM
 #2248

Because they believe that the value of the coin will increase after a long time. They rely on the news as well as the potential that it can bring in the future. Besides they believe it is safe and they do not need to do anything that can still make money

Long term its true but in short term investment only possible way is maybe ICO investment and that is also little risky cuz most are scams but highly profitable if right choice is made. Bitcoin is something else good or bad news dont make such a big fuzz in price now, they create fluctuation but this is all settled now.

Bitcoin never lose price so low. After falling down, it always increase again. There is no barrier to stop the increase of Bitcoin. Bitcoin is a long term investment for sure and you will get profit in the future. That's why for those who are impatient and inexperience usually sell their Bitcoin when it decreases.

Mr. Legendaris
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January 20, 2018, 04:30:07 PM
 #2249

Yes right, I think bitcoin would be beneficial if we saving for a long time, for example what happened with years ago that the price has risen more than 10x, saving bitcoin now and feel the result 3 years more.


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arallmuus
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January 20, 2018, 06:41:20 PM
 #2250

Sometimes you can see the benefits of saving when you see the value of it goes higher and higher.

Totally wrong, the value of a thing is not the same with its exchange rate. You are definitely talking about exchange rate not the value. The value of bitcoin stays the same for now unless there is a major demands in the future

We should now when we will be saving our bitcoin. Benefits can be seen after a long long long time.

You dont even know the difference between benefit and exchange rate. To be honest, you should be better to stay off from a topic that you dont understand instead of posting nonsense
Dark Sky
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January 21, 2018, 02:15:40 PM
 #2251

Some people save their bitcoin believing that keeping bitcoins for years will give them a big profit. Because the price value of bitcoin increase from time to time even do it decrease, it gradually increases. If we want to profit our bitcoin just wait patiently. Let’s save!
It will very profitable because bitcoin price will going to more high and everyone who invest their money in bitcoin and they hold their bitcoin so they will get huge profit and they will anything in bitcoin profit, so long term investment is more beneficial and if you can invest your money so you should hold your money for long term.

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January 21, 2018, 02:19:58 PM
 #2252

Some people save their bitcoin believing that keeping bitcoins for years will give them a big profit. Because the price value of bitcoin increase from time to time even do it decrease, it gradually increases. If we want to profit our bitcoin just wait patiently. Let’s save!

Because of its price continuously goes up, and as you said even it goes down, it gradually increases.  Thus, saving bitcoin has a good benefit.  It will give us a good future if we save some of our bitcoins.  Its current price right now could double in the near future.
stevano
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January 21, 2018, 02:41:32 PM
 #2253

Saving bitcoins is one of the best thing to do with your current bitcoins and there is a lot of good things to be a reason why you should save now. Saving bitcoin for a long time is one of the best option if you buy your bitcoin at a high price like 900-1000$ because you can see in that price chart that long term is still the best option because the price is unpredictable and it can be double or triple the current price now so if you want a good and big profit then long term is the best.

really right up to now the best choice of investment in bitcoin is still with the long-term method, what if we start at the beginning we plant it still at a low price then until now still safe will not mersa loss even though the price dropped drastically
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January 22, 2018, 08:22:32 AM
 #2254

As we can see now the value of bitcoin is very high and is still unstable, some people sell their bitcoin because of the deflating value, but they shouldn't because the price will go higher as time goes by every cryptocurrency will go high as time goes by this mistake is often done by people who don't wait.

We all know this fact in a very well manner that the market price of bitcoin rises most of the time and the ones who bought the bitcoin few years ago are knowing having much more money than they actually invested at that time. You can also make more money just like they did by simply holding your bitcoins for as long period of time as you can. This will definitely make you earn more money.
Perseusallen
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January 22, 2018, 08:36:35 AM
 #2255

the fiat of this money are so tremendous so we dont know. when the moment of this fiat is unknown the move of this crytocurrency is being processed. the main benefit is we earn money. saving bitcoin for a long time can take to the top and become millionaire someday. we all know that bitcoin is pumping its value.
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January 22, 2018, 09:26:01 AM
 #2256

Some are choosing to stored for a long time in their wallet because they waiting for higher price of bitcoin,especially to the people who didn't really need money at this moment.
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January 22, 2018, 09:29:18 AM
 #2257

As experience and past experience shows, then yes. If the crypto currency market grows, bitcoin will also grow.

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January 22, 2018, 09:38:59 AM
 #2258

Because bitcoin in future can cost 100 thousand dollars or more, everything is possible, so many people don`t hurry to sell their accumulated bitcoins in order to get maximum profit from them in future. Same was 10 years ago when bitcoin price was couple cents, as now we see it costs 11 thousand dollars, that's why people understand that bitcoin is future currency and price for 1 bitcoin will grow in several times at least.

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January 22, 2018, 09:40:32 AM
 #2259

It depends on the majority of the marketers we have because every year number of users are increasing in the market due to strong growth in bitcoin. So then if you hold bitcoin for the long term then you will make more amount of money for sure.

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January 22, 2018, 09:52:14 AM
 #2260

Bitcoin's value go up because of factors like many people invest to it and other more factors that is happening to the crypto field, just think about this if you invest at the year 2009 you should've got so much money right now because of the sudden and fast movement of bitcoin's value, and think about what will happen in the following years so keep your bitcoin.
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