bitcoin benefit of saving for a long time?

[cryp24x]

I think that just keeping bitcoin for a long time now is the wisest act. The price fluctuates very much, so it's better to wait for a significant price increase. And it can only happen in a few years

If you don't want to take any risky of investing it anywhere then its best to save your bitcoins for future by keeping them safe in your wallet as price is tend to rise in long term but make sure that you manage to hold enough amount of bitcoins as lower amount will not give you higher benefits.

I agree, it would be better to accumulate Bitcoin and save it than buy and save without accumulating Bitcoin.  It is the accumulation that will make you maximize the benefits of Bitcoin price increase, though you should also set a plan on when you will stop accumulating Bitcoin and just keep the one you bought .

[czvezda]

I think that just keeping bitcoin for a long time now is the wisest act. The price fluctuates very much, so it's better to wait for a significant price increase. And it can only happen in a few years

If you don't want to take any risky of investing it anywhere then its best to save your bitcoins for future by keeping them safe in your wallet as price is tend to rise in long term but make sure that you manage to hold enough amount of bitcoins as lower amount will not give you higher benefits.

I agree, it would be better to accumulate Bitcoin and save it than buy and save without accumulating Bitcoin.  It is the accumulation that will make you maximize the benefits of Bitcoin price increase, though you should also set a plan on when you will stop accumulating Bitcoin and just keep the one you bought .

The best thing about bitcoin is that even if you can't buy it then also you always have an choice of earning it in different ways so try to earn it to maximum possible extent and hold it till the right time comes and sell them with it reaches to your desired price in order to accumulate some profits.

[(altair)]

There is a benefit for saving bitcoin for a long time. Although i don't suggest it but holding it for a long time will increase the value of bitcoin. It is safe but if you want to earn more bitcoin you should invest some of it too.

[loges]

There is a benefit for saving bitcoin for a long time. Although i don't suggest it but holding it for a long time will increase the value of bitcoin. It is safe but if you want to earn more bitcoin you should invest some of it too.

Yes investing will help you in growing your coins which is not possible with only holding as even in future you will be having the same amount of coins but by investing you can expect some higher amount of coins which will give you additional profits.

[~V~]

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

[FlightyPouch]

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

That is right, there are a lot of long term bitcoin holders who are really making a fortune from it. Having such a fortune and not dissapointing them as a investment, bitcoin is really a progress. Having bitcoin as an asset is really unpredictable because of its volatility making it a big challenge to the investors. I think if I also invest on bitcoin the time I have heard of it, maybe I am one of these guys that made a fortune from bitcoin.

[andrew24p]

I think its a big gamble , but it might pay off. I love bitcoin and I love the S&P500. Deciding how much goes in each is my problem.

[Silberman]

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

Come share your thoughts

Because a graph showing the growth of bitcoin can show that bitcoin has given only positive results in the long term, like any asset it can lose value in the short term but  in the long term it has done nothing but to go up all the time.

[vasrasus]

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

Come share your thoughts

Because a graph showing the growth of bitcoin can show that bitcoin has given only positive results in the long term, like any asset it can lose value in the short term but  in the long term it has done nothing but to go up all the time.

because we were waiting for the time that it will be at its possible highest peak,by that time we can cash it out the greater than it is,or used it to invest. The value of bitcoin shows that as time goes it will eventually soon will double or triple in time.

[X-ray]

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

[stadus]

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

You need to have a long term plan if you go for saving bitcoin for a long time, it's necessary so you would not make a stupid decision when you see people are panicking because of the dump. It's normal to bitcoin that when there is a bad news the FUDDERS will play and if you are not fully educated, you might make an outright decision in selling your bitcoin in a cheap amount.

[Schuyler]

This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

[Ziskinberg]

This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

That's very crucial because it's not only good price that you will see when you choose to invest in the long term, you will probably see the pump and dump many times and that will test on how strong are you with your intention. To be successful, you need to have a specific plan, a plan to sell when you need to get your profit and a plan to sell to minimize your loses, at least you are open for the possibilities and you will take all necessary actions regardless of the outcome.

[DoublerHunter]

This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

That's very crucial because it's not only good price that you will see when you choose to invest in the long term, you will probably see the pump and dump many times and that will test on how strong are you with your intention. To be successful, you need to have a specific plan, a plan to sell when you need to get your profit and a plan to sell to minimize your loses, at least you are open for the possibilities and you will take all necessary actions regardless of the outcome.

That is right. Specific plan will do the work for you because of specific plan it will help you to have self-discipline and you will not do wrong decisions because of that and it will surely help you to sell to the right time for you and also buy bitcoins.

[ekoice]

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

Come share your thoughts

Bitcoin is mostly invested as a long term investment.Short term investment is beneficial only in altcoins in which market is highly volatile.But as you see the bitcoin's price history,there has been a gradual increase in price and today its price is around $1156.Price is predicted to reach $2000 by this year end.Thats why it is called as Digital Gold.

[Silberman]

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

Holding bitcoin in the long term does not necessarily mean holding without selling a part of your coins to take advantage of the price movements, when there is clear evidence that a bubble formed then it is ok to sell an important part of your stash and then when the price goes up you can buy again and obtain even more bitcoin.

[SamsungBitcoin]

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

[Theb]

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

I have to disagree with you with this one as Holding Bitcoin in a long term position is not appropriate or Bitcoin is not really for Long Term Investments. Remember when Bitcoin drop at 500$ per coin last 2016 it was the worst moment for Investors if they listened to your advice to keep holding Bitcoin. For me you have to take advantage of the price drops and increase at the same time, Holding Bitcoin will certainly avoid those advantages. Bitcoin is more fitted in the short term position.

[DoublerHunter]

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

I have to disagree with you with this one as Holding Bitcoin in a long term position is not appropriate or Bitcoin is not really for Long Term Investments. Remember when Bitcoin drop at 500$ per coin last 2016 it was the worst moment for Investors if they listened to your advice to keep holding Bitcoin. For me you have to take advantage of the price drops and increase at the same time, Holding Bitcoin will certainly avoid those advantages. Bitcoin is more fitted in the short term position.

I do long term holding for bitcoin but your statement makes me agree with that. Holding bitcoin for a short term or getting a perfect timing for selling high and buying at a low is a good strategy because it enables you to maximize your earnings while in holding for long term it disables you to get those maximum possible profit. In my opinion, it is best to do both. So you won't regret your decisions.

[yellow1]

Yes it is should be save for a long time because it helps a lot to us if we more to sell and savings..,.So it will be gain more profit.It need a lot of time long time to focus and patience and take a risk.It more benefits to us it can may helps our good future and give extra income if one day it will bigger enough and it is time to sell it.