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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
PalindromemordnilaP
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February 20, 2018, 02:07:35 PM
 #2401

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

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Because bitcoin is a long term currency that is worth the HODL. If you can wait for long and have patience to wait for the proper time, it will surely pays off and you will really have a good harvest at the end.

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February 20, 2018, 02:13:27 PM
 #2402

They will wait for the perfect time to sell their bitcoin. Holding means you seek more profit than you hold. It takes a lot of patience here since it is a more profitable way of earning and mostly for the future. But it is not mean that the price will go high, definitely, it will go down. You will think twice because of the panic selling but the wisest will win. Wise decision can take a big advantage here.


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February 20, 2018, 03:13:48 PM
 #2403

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 hodl because they believe in bitcoin and they believe of its potential. The benefit of holding it for a long time depends on the price of it after holding, but usually it has a positive effect, which is profit. I htink those people do not just hold and wait, but they also get engaged and always aware of the situation in cryptocurrency. They set target values for buying and target values for selling.

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tikong
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February 20, 2018, 04:19:42 PM
 #2404

The faith they put on Bitcoin that one day it will go $100,000 per coin. And also, the belief that one day we will be now a cashless society. Then Bitcoin will now be accepted by hundreds of enterprise. It would take time but it is better to be prepared before it gets there.
Jesabela04
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February 20, 2018, 04:20:07 PM
 #2405

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

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Some people chose to store and hold their bitcoins for many reasons. Some people doesn't need it as fiat yet so they chose to keep it in a secured wallet. Also, some people chose to hodl and keep their bitcoins in store because they are waiting for their desired amount for them to get a better profit. Some people chose to hold because it is their wise choice to wait and seek for a better profit.
SeNeor
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February 20, 2018, 04:32:58 PM
 #2406

Big time investors that have big capacity of investing in Bitcoin does so in high capacity and deliberately hold them in their savings over a long period of time for future exigencies and probably contingencies and most of them again ensure this is done for their generation in future having hope that this would have yielded high for them[children], whether they are still alive or not, so that this generation can have good basis of investment to build upon and better life ensued for them in future.
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February 20, 2018, 04:48:25 PM
 #2407

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

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There are only two possibilities whenever you are holding your bitcoin, you can either get higher profit or lower. The volatility of bitcoin is the one that plays over our profits so we should watch over for the pumps and dumps so that we may know when is the best time to hold. Many people has already became successful because of saving their bitcoin for a long time.

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February 20, 2018, 04:48:52 PM
 #2408

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

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Most of the time, people store their bitcoin so that their profit will keep on growing as much as the pump would allow them. The value of bitcoin is volatile so it is much expected that people would keep on holding and wait for the pumps to have a higher amount of profit. You can't blame them on what they're doing because everyone has their own needs and wants.

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Leane Lee Natividad Cuenc
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February 20, 2018, 05:24:08 PM
 #2409

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 idea for this Question is i think they have confidence to do that,i mean  to store their bitcoin in their wallet for a long time because they believe and have confidence that someday they will get a good profit of this cryptocurrency.

Kodok Bencot
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February 20, 2018, 06:02:51 PM
 #2410

Generally investment takes time to get profit, this also applies to bitcoin, if we want to get profit in a short time then we can do trading or gambling, when we buy bitcoin then thing we have to do is make sure we will be patient and not easy panic.

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February 20, 2018, 07:03:51 PM
 #2411

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 idea for this Question is i think they have confidence to do that,i mean  to store their bitcoin in their wallet for a long time because they believe and have confidence that someday they will get a good profit of this cryptocurrency.
This is a good idea to make us get rich someday, I like that bitcoin is a very promising investment but not for a short period of time, it takes at least 3 years to make us get a big profit.
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February 20, 2018, 07:38:36 PM
 #2412

It's very stupid to save bitcoin for a long time at my opinion when you can easily making profit on differece in price everyday by selling and buying you btc.

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February 21, 2018, 10:13:30 AM
 #2413

It's good to hold your bitcoin for a long time if the price is very low and wait for it's price to high to have a bigger profit but if the price is right better sell it now before it's price will go down.

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February 22, 2018, 12:37:36 AM
 #2414

Bitcoin has lower inflation risk: All world currencies are controlled by their respective governments. This is what at times leads to fluctuation in the value of the currencies since governments keep printing more money. When a currency loses value, its purchasing power goes down and leads to paying more money to acquire the products. In the end, it is like a tax on what people have already acquired, which may not be enough at the same time. With Bitcoin, the system is infinite and therefore no need to worry of the money getting finished. By the year 2050, it is estimated that there will be in circulation one Bitcoin to cater for 500 people globally.
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February 22, 2018, 12:43:56 AM
 #2415

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 reason why lots of people holding their bitcoin in their wallet because they already observe how it flows,bitcoin started in a very low value but now it is more than we expect .Hold it and sell when the price is high or you can also keep holding.
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February 22, 2018, 04:01:29 AM
 #2416

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 in my opinion they are storing bitcoin in their wallet because it is better to store it than to cash it out. If it converted into bitcoin its value may increase. They are also waiting for the value of the bitcoin to increase for them to get big amount of money. If it is in wallet also you cannot use it easily because you still need to process it for it to become cash, people that are doing it is thrifty because they are keeping it to be safe from their hand.

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February 22, 2018, 04:41:00 AM
 #2417

Yes bitcoin is a good potential to save a money because no one can steal your bitcoin. Its better to have a saving for a long time because the value of bitcoin will increase. When the price is become higher and higher thats the time you will make it convert into a cash. So that your money become double or tripple.
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February 22, 2018, 05:19:31 AM
 #2418

Will be more benefit if we hold the bitcoin in the long time, will be unlimited profit we will get if we are hold our bitcoin in the long time. We can look at the last years where the bitcoin value more cheap and it about $2,000 and we can check the bitcoin value right now more than $10,000. Will be more benefit if we hold and save our bitcoin in the long time, maybe for four or five years.

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February 22, 2018, 11:26:33 AM
 #2419

Maybe why all are now into saving is that its expected to be many more forks on bitcoin and ethereum as well. This may be good reason for many holders to hold on the coins and wait for upcoming forks in hope of gaining much more bigger price. Off course bigger holders will hold much bigger amount bonus.

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February 24, 2018, 12:51:56 AM
 #2420

Many people store their Bitcon in their wallet for a long time for emergency situation. The value of Bitcoin increases as times pass by.
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