bitcoin benefit of saving for a long time?

[Cedie]

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

Come share your thoughts

What they do is pretty much called long time holding. They buy bitcoin when they think it is in its lowest value, holds for a long time maybe weeks or months, and they sell whenever they need it or if they think yhe price is high enough to earn profit. But for me, this strategy is not good anymore. I would recommend short term holding which is more active than the latter. You just have to be contantly updated with bitcoin's price. Buy when you think it's low and sell when you think you can have profit.

[1715119737]

1715119737

[1715119737]

1715119737

[1715119737]

1715119737

[1715119737]

1715119737

[1715119737]

1715119737

[1715119737]

1715119737

[samycoin]

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

Come share your thoughts

Holding bitcoin for long term is more profitable and this is a way save your money too. Some of us hold bitcoin because they wait the increase of price in the market so they can sell it in profitable price.

[Royal Script]

Yes because bitcoin is a very good cryptocurrency for a long term investment. Imagine if you have already invested shall we say last 2014. Then probably you are already rich  when bitcoin hits $20,000 last year.

[daduremi]

How long have you known the bitcoin..?? . If you still know the bitcoin and use it, then it's a reasonable thing but if otherwise then you are lazy in looking for information or find out about what you are using. think for this fella, because this will not be detrimental. Bitcoin on save because of the beneficial and not detrimental, bitcoin harms someone because they are impatient and not correct in using bitcoin

[Lloyd Jacksok]

 :)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. Yes true, if we want to be patient and wait for a long time for at least 5 years then bitcoin prices will rise up to 100x, this is because the number of users is increasing and they do not care about the number of countries banned bitcoin. They will get benefit after hold for a long time because they are believe sometimes the bitcoin price will higher and they will sell the bitcoin they have.

[goldcoinminer]

How long have you known the bitcoin..?? . If you still know the bitcoin and use it, then it's a reasonable thing but if otherwise then you are lazy in looking for information or find out about what you are using. think for this fella, because this will not be detrimental. Bitcoin on save because of the beneficial and not detrimental, bitcoin harms someone because they are impatient and not correct in using bitcoin

I have known bitcoin at the early stage but I was late to make an action that is why I did not become rich.
Everyone wants to succeed financially with holding bitcoin but they have to fully understand that it does not come easy, they have to wait and be patient.

[Hotel_Prodeo]

I'm sure everyone is sorry for not selling bitcoin when last December, this is because bitcoin prices continue to fall and now only $ 7900, but I'm optimistic that the end of the year the price will reach at least $ 50k, may sound impossible but last March's March the price only $ 1200 and the year-end rose more than 12x.

[removebeforeflight]

Long term savings of Bitcoin is a kind of retirement like benefit for few and just like an asset for many. Long time savings is good and that too in Bitcoin is really going to give them some lump sum amount at the end of their fixed period. For instance if anyone bought Bitcoin last year for $1000 and the current savings for them is x8 times even when the price of Bitcoin is down now. Think of them encashing their savings after 5 years.

[Joshapat]

There's no need to doubt that if we're patient then we'll get a lot of profit, when bitcoin invests then the thing I think is getting big profit or all money, and if the price goes down then I will never panic and I'll sell when I've got profit, be patient and wait will make us get profit.

[Nyeyzel]

Bitcoin is the best cryptocurrency because it has a good price value and many people think that it will go to be a nice investment for a long-term run. People just store their bitcoins in wallet even it is just the smallest amount, they will give you a good profit at a time when the price in the market increase. So better store your bitcoin and just continue to grow it! You will just notice you have a great profit when years pass by.

[mstfprcn]

Many people keep their bitcoin in wallet for long-term investment. They believe that bitcoin prices will keep going up. Therefore they do not sell them bitcoin, but save  bitcoin them bitcoin, I am also one of the bitcoin holder because I believe bitcoin prices will keep going up .

[gareng1468]

save the funds do not have to be in the crypto wallet we can input into the bank account. save for a long time better in the form of a hardware wallet or make it a habit to backup data and change the account password periodically to avoid losing funds. if just want to saving in a long time I do not agree about where the benefit from the fund better store in the bank account.

[landhenahkapor]

Banyak yang menyimpan bitcoin di dompet karna diibaratkan sebagai tabungan atau investasi masa depan. Sehingga bisa saja sewaktu-waktu diambil jika dibutuhkan.

[Sled]

Many people keep their bitcoin in wallet for long-term investment. They believe that bitcoin prices will keep going up. Therefore they do not sell them bitcoin, but save  bitcoin them bitcoin, I am also one of the bitcoin holder because I believe bitcoin prices will keep going up .

I think if i were you, it would be better if you will just have an awareness to the market and have a mindset like a trader and not a long term investor because that is how you are going to have a good control to your holdings because you will know when to sell and buy bitcoin again and that is how you are going to secure your profit without having too much risk rather than holding for long term and if you bought your coin $10,000 or up then you are already losing a lot of money right now.

[tats14]

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

Come share your thoughts

Well because they saving it for some reason, for my own opinion, they saving it because they waiting to high the price of coins, basically to sell it in a high price because that's life.

[Jose Mourinho]

If you are patient then you will get big profit, I agree that the longer we keep bitcoin then we will get big profit, and if the price drop like few today then be patient because the price will go to sky.

[Gameroid]

If you are patient then you will get big profit, I agree that the longer we keep bitcoin then we will get big profit, and if the price drop like few today then be patient because the price will go to sky.

Bitcoin saving is more benificial than short term investment, but for that you need to be too much patient and remain calm, you need to control yourself from selling your shares if the price is going down, because you have to wait for a long time. Secondly you need to invest a big amount of money in bitcoin for long term investment because a little investment can give you a very limited profit.

[BTC-BTC-BTC]

Many people keep their bitcoin for long-term. They believe that bitcoin prices will keep going up over time and a good way to go again inflation and hype inflation.

[edir_ruvall]

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

Come share your thoughts

The will get their benefit from it for sure.  There are a lot of people out there who are buying bitcoins because they knew that the bitcoin is the way to their success.

[kuckong]

because they believe that bitcoin prices in the future will continue to rise so now they are holding them waiting for the right moment when their high bitcoin price will sell it so they gain a big profit.