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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Leeeeeya
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January 24, 2018, 11:44:49 AM
 #2281

That is all because after a long time, not tha long actually, as time passes by bitcoin's value will increase and if that happens, then people who have it will earn more money, and that's the right time for them to get or sell it.
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Fantastic33
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January 24, 2018, 01:04:50 PM
 #2282

The main purpose of holding bitcoin on wallet is to gain more profit. If you will try to look on the price chart history, bitcoin's price goes up with time. From $0 in 2009 it goes up to $14,000 at the end of 2017. Thats a very huge increase for 8yrs. Because of that, it is expected that its price will still rise in the coming years.
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January 24, 2018, 01:07:49 PM
 #2283

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

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I think they probably don't need the money and see it as a very long-term investment. They'll probably put there for a few years until something drastically changes. If not, they'll just continue leaving it there to see it appreciating in value.
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January 24, 2018, 01:13:59 PM
 #2284

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 benefit of saving bitcoin for a long time is like having long-term investments that you know for sure you can obtain a significant of money on it. Yes, you can say that you are not honestly sure that your money will profit or not because bitcoin’s amount is fluctuating too much, but in the past year you can see that the person hold their bitcoin of a year make a massive profit on bitcoin.
lorigo
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January 24, 2018, 01:18:51 PM
 #2285

this is just my personal opinion why people save bitcoin in a long time, I think the answer is to wait for the best price and the right time to sell it.
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January 24, 2018, 01:32:03 PM
 #2286

Bitcoin prices always go up and if we are long time savings course it will be benefit. 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.
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January 24, 2018, 01:44:45 PM
 #2287

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

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I think why people store bitcoin in their wallet for a long time because there are lot of benefits that they can get. It is possible that bitcoin value will be increase and it is a good idea that they will store their bitcoin in their wallet because it makes their money bigger too. They will earn a lot because of the profit that they gain every time bitcoin value increasing.

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January 24, 2018, 01:53:03 PM
 #2288

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

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I think why people store bitcoin in their wallet for a long time because there are lot of benefits that they can get. It is possible that bitcoin value will be increase and it is a good idea that they will store their bitcoin in their wallet because it makes their money bigger too. They will earn a lot because of the profit that they gain every time bitcoin value increasing.
Precisely, they just simply store their bitcoin in the wallet for a long time because they know that soon its price will become enormous that will make more profit. Storing your bitcoin inside your wallet can be consider as long time investment. Because of the ability of bitcoin which is volatile, bitcoin is become more powerful compared to other asset, hence it is worth to invest upon it.

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bosede1
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January 24, 2018, 02:07:08 PM
 #2289

In investment it is known that longer term investment is known with much profit and this is also associated with bitcoin. You will need to be calculating accumulated gain over a long period of time. Over time long term  investment pays.

Bakugan
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January 24, 2018, 02:20:08 PM
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 #2290

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

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You can get big amount of money by just holding bitcoins, and I think that is the reason why people are still holding their bitcoins despite of it's volatility. And as bitcoin gives people an extra income I think it is also a reason why many people are willing to hold or buy bitcoin because they see that bitcoin has a potential to grow.

Ghayoor
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January 24, 2018, 02:23:38 PM
 #2291

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

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Clear Just one they think that advantage, because it is so many people are rich overnight because it has long maintain bitcoin them.
actually bitcoin have a lot of advantages and you can earn a lot from it so keeping bitcoin on hold for long time it's also one of the good earning because bitcoin change its price very fast from low to high and it happen with me last year because at the beginning of 2017 i was just buying bitcoin when i fell that the price is low and then i keep them on hold and believe me end of the year when its price reached to its highest price so i sell all my bitcoins and now i buy a new house just because of bitcoin so there are a lot of people who have a plan to buy some things so that's why they want to to keep bitcoin on hold for a long time to get huge profit.
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January 24, 2018, 02:31:23 PM
 #2292

investing in a long time is very profitable, but you have to really know the potential of the coin, but if you invest in bitcoin it is no doubt because I believe the price will continue to rise, sekrang is the right time to buy because the price is down
jonosutio
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January 24, 2018, 02:35:09 PM
 #2293

this is the reason why should keep bitcoin for a long time, a long time will make bitcoin bites getting sweet like sugar. oarang people already understand and believe it will cost more and higher in the future because bitcoin growing rapidly. keep the bitcoin for a long time so its value will gradually increase.
Rimon365
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January 24, 2018, 03:08:49 PM
 #2294

Of course there are benefits. Because six months ago Bitcoin was $5k but now its price is 10k$+. I hope the next year  iits will be hit $25k.
So it can be said that Bitcoin has a savings for a long time.

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January 24, 2018, 03:15:39 PM
 #2295

now it's been proven to be a lot of odds that keep bitcoin in the long run, and they make investments as investments and because a lot of scammed investments, it's better to just put your coins in your wallet and keep it safe and because the bitcoin price keeps increasing so it saves it. bitcoin bites longer and more sweet sugar.

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January 24, 2018, 06:00:27 PM
 #2296

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 a long-term investment is one of the great tool to secure your retirement, as the supply decreases over time so as the price increases, the reason why people and i particularly are all saving satoshi as much as possible is because we believe its future profitability
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January 25, 2018, 09:21:31 AM
 #2297

Bitcoin is a tremendous way of long term savings. For example if a person have bought one bitcoin last year when it was around $1000 and what he has now is around $10000, lets assume he is in an age of 25 and he just want to have that for his retirement at the age of 50, just with $1000 for his future retirement he will be a millionaire then. (Normal expected price at $100000 as bitcoin price when he is 50 years)
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January 25, 2018, 05:12:10 PM
 #2298

The benefit of saving bitcoin for a long time is,  its value will increase day by day and you earn big profit. It is definitely worth to keep because it is an investment you can use for many things in the future.

Benefits? All realize that Bitcoin value has been constantly growing, and this is the main reason why people do not want to sell it even when it starts falling. BTC fans believe that this year (close to December) the main crypto will cost 25 thousand.
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January 25, 2018, 05:52:43 PM
 #2299

Along these lines of holding bitcoin sum is truly a beneficial parts of ventures and you will have mo difficult circumstances persuading other individuals to purchase items, and you just need is bitcoin adjusts in your wallet.

A large portion of the general population store bitcoin as speculation and in light of the fact that there are such huge numbers of defrauded venture, it is better quite recently put your coin in your wallet and keep it safe and on the grounds that bitcoin cost is continue rising so sparing it for quite a while will bring enormous benefit for the holder.

We can not state whether bitcoin will develop or fall, we ought to consider the two situations as similarly likely and the misfortune is unimportant contrasted with the conceivable benefit.

It's a risk, but sometimes you need to take risks. So saving bitcoin for long term is good way for a better life in the future.
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January 25, 2018, 06:09:14 PM
 #2300

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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