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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Ramtapsbtc
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March 13, 2018, 07:48:48 AM
 #2481

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 so many testimony that they became rich just by storing their bitcoin on their wallet and leave it there for a long time. There is none in the history of bitcoin that if drop lower during the year you purchase it and after a year later, it always go up. Meaning the longer you store bitcoin the more profit you can get.
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Md.Sufian
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March 13, 2018, 08:05:53 AM
 #2482

If we will have Bitcoin for a long-term savings then we can add inflation and make more money because Bitcoin prices will always be going up and adding more money to our money in the future.
pinoyden
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March 13, 2018, 08:16:28 AM
 #2483

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.
So true.  Some also do not save their bitcoin in their wallet    maybe because they are afraid it might get lost. Especially those who are new to this, some will got excited converting it right away to fiat money for them to use. When the time comes when they will know what possibly they could get from storing their bitcoin for long time, then they will possibly have regrets for not saving them. Since the longer they store them in their wallet, the higher the chances of trading them in perfect timing when bitcoin is at its highest.



Quote
So true.  Some also do not save their bitcoin in their wallet    maybe because they are afraid it might get lost.
so if they afraid on putting bitcoin in their wallet, where did they put thier bitcoin? In an online exchange? puting it in an exchange is more riskier because you dont hold your private keys.  there is also a big risk that the online exchange will shut down or might get hacked. That is why it isnt advicable to store your coins in a exchange.


If we will have Bitcoin for a long-term savings then we can add inflation and make more money because Bitcoin prices will always be going up and adding more money to our money in the future.

thats impossible to happen , people will also sell their coin in order to earn a profit from time to time. they also sell their coins if they need some money for important purposes and that is the reason why bitcoin cant become increase all the time.
Baggong
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March 13, 2018, 08:17:24 AM
 #2484

Right, it took almost 10 years to get bitcoin prices up from $ 1 to $ 10,000, if I had $ 1000 and could buy bitcoin for $ 1 in 2009 then I would get 1000x10,000 or $ 10 million profit, and with that money I would be rich.
vallentvi4
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March 13, 2018, 08:25:13 AM
 #2485

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 is not a matter of benefit, but trying to find luck. They interpret bitcoin to meet their expectations in the future.
criptogoon
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March 13, 2018, 08:27:46 AM
 #2486

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 people store bitcoin as investment, saving bitcoin for a long time is one of the best option, because of a higher probability of maximizing your returns in the future.
Falmera
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March 13, 2018, 08:28:07 AM
 #2487

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
I agree with you. If one is not a risk taker then investment is not good for him. It is better to save the coins in the wallet and wait for the inflation of the value. Patience is all one need to gain a bigger profit.

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Strongball
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March 13, 2018, 08:30:12 AM
 #2488

Saving bitcoins especially on longer times gives it more chances of being able to profit more from it. If you wait
until bitcoin increases on much more higher price and sell it by then, proceeds are gonna me big and
rewarding. A lot of people tend to do this, just like last year. When bitcoins hit $20k, a lot were
lucky enough to have hold coins and sold them when that sweet price came.
And for this year, plenty are waiting and holding to see if this time
it would do the same or surpass last year's market price
of bitcoins.
arthur25
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March 13, 2018, 09:04:39 AM
 #2489

Saving bitcoin for a long time is a life saving for the future. The benefits for saving is good for yourself at the right time. You will have more gain in your saving. This is something you have own for a long time. Bitcoin uses will not change to nothing but it will improve the ways in the crypto.
icopir
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March 13, 2018, 09:19:44 AM
 #2490

many people buy it for this in the long run, it brings more income than if you keep it for a short period
sharnel18
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March 13, 2018, 09:38:14 AM
 #2491

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

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People store and save their bitcoin because of its benefits and it will gain much more of your savings,as long as bitcoin is growing and constant your saving is in a long term.
Black Angel
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March 13, 2018, 09:40:37 AM
 #2492

Yes, we have to be patient waiting at least for 3 years, with patience waiting then we will get big profit, I will hold bitcoin and will sell in year 2020 when I am 27 years old because I will get married in 2020.
labs0918
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March 13, 2018, 10:14:52 AM
 #2493

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 own opinion the benefit of saving bitcoin for a long time is you can earn a big profit if the bitcoin price goes higher and higher as time passed by. It is more profitable than to save it for a short period of time.

drew314
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March 13, 2018, 10:31:06 AM
 #2494

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 people are storing their bitcoin in their wallet for a long time hoping to get bigger profit when the price moves to the highest point. But that is also risk taking because the bitcoin price might drop and they lose profit. If you do storing bitcoins for a long time run, you must check the market always.
maianh09
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March 13, 2018, 10:34:03 AM
 #2495

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 choose Bitcoin as a way to save instead of depositing money into the bank. Bitcoin uses the technology of the future, so it has a lot of potentials to grow, so I decided to use it to save possibility for a long time.

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Wong Gendheng
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March 13, 2018, 10:47:22 AM
 #2496

Unfortunately when there is a slight increase then many users are immediately selling, they are used to this so bitcoin is difficult to ride, and I will also follow this trend because with like this then we get profit.

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hacking13
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March 13, 2018, 10:55:36 AM
 #2497

It's really a good thing to keep bitcoins for a long time because during the long course of period of holding on to it, the price exchange would have increased, turning it to a huge profit. Unless one has a huge need to use the bitcoins they have at the moment, saving it is much better. Most people that have lots of bitcoins now are as a result of them holding on to it or in some cases, some have forgotten they have the coins. Rapper and Business mogul, 50 cent currently made headlines for owning lots of bitcoins from the past that he forgot he had.

Saving the coins for a long time is really a go-to if there's no major importance to trade it.
joanshu
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March 13, 2018, 11:00:58 AM
 #2498

Many people store and keep their btc as it is in their wallet just like me because i don't want to use my investment as i have kept them for my future purpose and i know the market price of the btc will reach a certain level when it will really difficult for a normal person to afford one so are the reason i still hold on with my btc.I did not do panic selling even when the price of the btc hit 20k USD because i know the market will grow even higher and it is always best to store atleast some btc in your wallet because nobody can predict the future of btc what if the market hike to unexpected level or it can even go low the value of the btc is going low only because the investors are making a panic selling when they find some fake news .Anyway the person holding on with their btc will anyway get 10 fold higher rate than the amount they have spend to buy them so it is never a loss to invest on btc infact it is a wise decision to make investments on btc.

armandoz
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March 13, 2018, 11:12:54 AM
 #2499

what will be the benefit if you just savings for a long tome in bitcoin rather than to open a business and half or some of your saving put it in business to grow your money and the other is in the bitcoin savings. We cannot assure if the value of the bitcoin tomorrow is increast or decreast so make a wise move and don't just stack your money in one place or bitcoin only.

TaKlarPH
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March 13, 2018, 11:18:29 AM
 #2500

That is a good question. Well, in my experience I store or hold different coins hoping when the time is right or I got the percentage that I want or I earned big and happy with the earning I can use it for my personal expense or better yet invest in more coins that I know that has potential to grow.

My advice to you is that you try investing too in some coins that you has a potential
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