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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Jiddyyy
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February 24, 2018, 02:57:44 AM
 #2421

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

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As I read some post here and watched them all, the reason why they hold it and save for a longer time because it will possibly get high or increase it's value. And also they store their bitcoin in their wallet so that whenever there are some emergencies they have something to get.
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February 24, 2018, 04:18:26 AM
 #2422

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

Come share your thoughts

As I read some post here and watched them all, the reason why they hold it and save for a longer time because it will possibly get high or increase it's value. And also they store their bitcoin in their wallet so that whenever there are some emergencies they have something to get.
The thing we have to do is be patient, we must understand that all investments take time for profit, if we keep monitoring the daily price charts it will make us anxious and panicked so that if the price drops more than 10% then we sell all the bitcoin despite the loss, rest assured that as long as bitcoin is not zero then there will always be a spur to rise.

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jhamz03
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February 24, 2018, 11:12:51 AM
 #2423

The benefit of saving bitcoin for a long time is that it may double tripels the current value of your bitcoins in the future. But we have to understand that holding takes a long time before we can acquire profit, so therefore we have to be patient in waiting.
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February 24, 2018, 11:31:24 AM
 #2424

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 are saving because they are waiting for the big one if the price already is in the highest momentum maybe thats the right time they were sell.

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February 24, 2018, 12:26:52 PM
 #2425

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

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Holding your tokens and coins for a long time can give you money. As the time goes, the value of your money can increase depending on its value on the market. But there are also money that are constant as the time pass. So it is a risk in buying all those coins, we will never know if it will increase in value of will be constant thru all years to come.
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February 24, 2018, 01:41:01 PM
 #2426

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 observation people choose to save their bitcoin for a long time because they can also get a profit here. If they save it and the bitcoin price will increase then their money will increase too. But they also taking the risk which if the bitcoin price will decrease their money will decrease too. Therefore you should be aware if bitcoin decreasing or increasing for you to know if there's still a profit you can gain.

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February 24, 2018, 01:53:08 PM
 #2427

We can relate the Bitcoin Savings Account to the real world Fixed Deposit Account you would get from commercial banks where you deposit a particular amount of money and get a certain percentage monthly or yearly as the case may be. Bitcoin Savings Account acts the same way. They require you deposit a sum of Bitcoin and you get about 3% of deposited funds for a period and in some cases, for as long as you have your Bitcoin with them.
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February 24, 2018, 02:18:51 PM
 #2428

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 the majority of people who truly understand the potential of bitcoin invest in it and keep it in their wallets for long term, only those who don't know it yet or are new to bitcoin panic and sell because some random comment on some random place on the internet said so.

Well we don't blame those new in crypto. Because in the first place they are just a new and nothing to know more about bitcoin but if they understand all about bitcoin for sure they will know how to calm down and hold.

Ann Impas
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February 24, 2018, 02:46:23 PM
 #2429

They are saving their bitcoin for a long time to benefit for the massive increase of bitcoin in a long run. I'm sure bitcoin will rise more in the coming years due to its volume.  Lets just wait and see.

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February 24, 2018, 03:22:12 PM
Last edit: February 24, 2018, 06:13:26 PM by android17
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 #2430

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

Come share your thoughts


Commonly, many people are holding it for a long time to gain bigger profits in the future given the fact that it is continuously increasing as time goes by. Though it was risky and the user is not sure if it will be successful, many people are still holding it. I think the best way to be safe is to convert half of it and hold half of it to avoid big losses in case of unexpected failure of Bitcoin. Make sure to hold those you can afford to lose

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Lubang Bawah
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February 24, 2018, 03:45:57 PM
 #2431

If we expect profit in a short time then it is not right if we invest, you can do gambling or trading, but if you invest then give at least 3 years to know whether you profit or not, if you have patience then I suggest to keep bitcoin at least 3 years and I'm sure that we can profit up to thousands of percent.
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February 27, 2018, 10:36:01 PM
 #2432

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

Come share your thoughts


Commonly, many people are holding it for a long time to gain bigger profits in the future given the fact that it is continuously increasing as time goes by. Though it was risky and the user is not sure if it will be successful, many people are still holding it. I think the best way to be safe is to convert half of it and hold half of it to avoid big losses in case of unexpected failure of Bitcoin. Make sure to hold those you can afford to lose
In my opinion, the price of Bitcoin has increased so much in the value. I am sure those who bought it in the earlier of last year all had huge profit enough to withdraw funds. I recommend we should trading with profit instead of all funds to Bitcoin at the moment.
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February 27, 2018, 10:45:05 PM
 #2433

no more need to ask more and more people know bitcoin then the value will be higher and surely there will be many benefits that we will produce examples of magnitude that is the advantage that can make us rich.
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February 27, 2018, 11:06:58 PM
Last edit: March 02, 2018, 03:09:29 AM by Lenzie
 #2434

Some people buy a lot and forget that they've bought a lot. Once the price increase then they will be benefited by saving it in their wallet for a very long time.
They rather risk the time and wait till it rises than invest it in some scheme and ponzi investment and lose everything. Some people are just afraid of trading it because of the volatility odf the market. They rather keep it than lose it. These people believe that bitcoin has no place to ho but up.
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February 27, 2018, 11:24:07 PM
 #2435

Its a bit risky since you the market is very volatile, but you have a chance to have a good profit once the market price rise.

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February 28, 2018, 12:41:31 AM
 #2436

Many people store their Bitcon in their wallet for a long time for emergency situation. The value of Bitcoin increases as times pass by.
If we already buy bitcoin then we should be willing to wait for a long time, we should be optimistic that the future of bitcoin will continue to improve, maybe we have a sudden need but we do not sell bitcoin, set up good finance is the most important thing.

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February 28, 2018, 01:06:30 AM
 #2437

You will suprise that bitcoin has a great value if you plan to long term and forgot bitcoin comeback after 1 year and you see the result.
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February 28, 2018, 01:48:46 AM
 #2438

very profitable, we can get big advantage in long term investment in bitcoin. let's say when bitcoin prices go up in 2017, that's proof of profitable long-term investment, for example if we've started investing in bitcoin since 3 years ago.

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February 28, 2018, 02:08:39 AM
 #2439

Actually i am one of those people who stored bitcoins on my wallet for long term investment. I badly need to save for my children future. And investing bitcoins is more appropriate than saving our money to the bank which only give us a little bit of interest, almost none eventually. While in bitcoin its getting valuable from time to time and can multiple my holdings in years to come.
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February 28, 2018, 02:33:38 AM
 #2440

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

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If you hold your bitcoin in your wallet for a long time there is a big chance that you can be rich this is because bitcoins price and value will go higher as time goes by and in this way your bitcoin will value very high when you hold it. A lot of people are already became rich in this way based on their testimony.

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