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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
MintCondition
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April 16, 2017, 04:33:34 AM
 #421

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.

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April 16, 2017, 05:03:01 AM
 #422

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.
Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit.
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April 16, 2017, 05:54:03 AM
 #423

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

Come share your thoughts



I think saving makes bitcoin grow and ripe in its value. I think saving will give us some profit when the price will increase in the future. That's the thing every body is doing it.


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April 16, 2017, 06:01:33 AM
 #424

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

Come share your thoughts



I think saving makes bitcoin grow and ripe in its value. I think saving will give us some profit when the price will increase in the future. That's the thing every body is doing it.
Certainly. As its demand increases, and the buy order in various trading site is strong, expect that it will continue pumping. However, if the sell order tends to be stronger than buy orders, expect that price will go down. Yet, no matter what it takes, it won't dictate what will happen in future.

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April 16, 2017, 06:13:55 AM
 #425

We can not say whether bitcoin will grow or fall, we should consider both scenarios as equally probable and the loss is negligible compared to the possible profit. It would be prudent to invest a small percentage of their savings in bitcoins with the intention of spending them years later. Many of us throw out much more money for unnecessary things. But your investment can be very profitable, you can pay the mortgage in the future or get the money to open your business.
Yes in both ways we can know if we will earn or lose on an investment. In bitcoin it is not like in fiat that if hold in a long specific time there is a sure earnings. In bitcoin it is a matter of timing depending on a rate/scale of the increase of its price. One should always monitor to find out whether to hold or to sell because through this you can assure that you will earn rather than to lose. But as we see on bitcoin, it develop so it means it is profitable in may ways just need right timing and patience.
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April 16, 2017, 01:33:30 PM
 #426

We can put it in this way , Bitcoin + Long Storage = Profits. This is simplest equation to understand bitcoin as profitable virtual currency. As the time is passing bitcoins are gaining the value added into their hashes. Well, future will be like monopoly, I have read many times bitcoin being so popular might lead to intentionally accepted currency. So if it gains that much of value it will profitable to save them for long and better times.  Smiley
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April 16, 2017, 03:02:25 PM
 #427

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.
Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit.

We all know that there are times that the price of bitcoin gets high and there are times that it suddenly goes down. This year the bitcoin's price suddenly boomed which is a good time for all of the bitcoin keepers out there. I agree with you that holding bitcoin wil be an advantage of gaining profit but it is not also bad to try other methods to earn bitcoin. After all, we don't know when will the price of bitcoin will be low again. If I am only capable of trading now, I would do trading. As of now, I am saving my earnings from signature campaign to reach my target price to invest


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April 16, 2017, 05:28:59 PM
 #428

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.
Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit.
yes i am also in favor of trading, i think through trading we can make good money that we cannot even think from other source of earning money. although gambling is also a good way of making money but it  is more risky as compare to trading, therefore i will always like to chose trading instead of gambling.
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April 16, 2017, 05:50:28 PM
 #429

We can put it in this way , Bitcoin + Long Storage = Profits. This is simplest equation to understand bitcoin as profitable virtual currency. As the time is passing bitcoins are gaining the value added into their hashes. Well, future will be like monopoly, I have read many times bitcoin being so popular might lead to intentionally accepted currency. So if it gains that much of value it will profitable to save them for long and better times.  Smiley
Yes Bitcoin is profitable for the long term, this as proved already, because if we compare present price and last year same day price, it almost doubles. So people are showing interest to save their coins in the wallet. But if you ask me saving in the wallet is no use, better do any business with it and collect some coins it is more profitable than saving coins in the wallet.
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April 16, 2017, 06:03:12 PM
 #430

We can put it in this way , Bitcoin + Long Storage = Profits. This is simplest equation to understand bitcoin as profitable virtual currency. As the time is passing bitcoins are gaining the value added into their hashes. Well, future will be like monopoly, I have read many times bitcoin being so popular might lead to intentionally accepted currency. So if it gains that much of value it will profitable to save them for long and better times.  Smiley
Yeah that's true. Moreover Halving occurs ~every 4 years so you should see more unstable and usually high prices then. Bitcoin is suitable for long term investment. It will tend to grow for 5-10 years. But bottom line is "Don’t invest more than what you can take as a loss."
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April 16, 2017, 06:11:37 PM
Last edit: April 17, 2017, 06:45:44 AM by ibuddy122505
 #431

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.
Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit.
yes i am also in favor of trading, i think through trading we can make good money that we cannot even think from other source of earning money. although gambling is also a good way of making money but it  is more risky as compare to trading, therefore i will always like to chose trading instead of gambling.
Working with Bitcoin there are so many options. Trading one of the best option, also keep our bitcoin into wallet profitable too, because we all believe that the price of bitcoin will get higher next few moths or years. In online marketing think always long term, it's safe and secure hence of gambling.
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April 16, 2017, 06:41:42 PM
 #432

We can put it in this way , Bitcoin + Long Storage = Profits. This is simplest equation to understand bitcoin as profitable virtual currency. As the time is passing bitcoins are gaining the value added into their hashes. Well, future will be like monopoly, I have read many times bitcoin being so popular might lead to intentionally accepted currency. So if it gains that much of value it will profitable to save them for long and better times.  Smiley
How if the bitcoin drop into the bottom of price then how could you say there still profit by holding bitcoin for too long? No can even assured our earnings from holdings our coins that long bitcoin is the best and profitable currency from internet that people could use for earning everyday. It will depend on what we are gonna do for that.



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April 16, 2017, 07:44:46 PM
 #433

We can put it in this way , Bitcoin + Long Storage = Profits. This is simplest equation to understand bitcoin as profitable virtual currency. As the time is passing bitcoins are gaining the value added into their hashes. Well, future will be like monopoly, I have read many times bitcoin being so popular might lead to intentionally accepted currency. So if it gains that much of value it will profitable to save them for long and better times.  Smiley
How if the bitcoin drop into the bottom of price then how could you say there still profit by holding bitcoin for too long? No can even assured our earnings from holdings our coins that long bitcoin is the best and profitable currency from internet that people could use for earning everyday. It will depend on what we are gonna do for that.
Actually you are right. the price of bitcoins might touch the sky while it can also become dirt, but that been said if we think a bit technically rather emotionally then we will find that the number of coins are fixed and daily a lot of coins get wasted which cannot be recovered and the user base is increasing, now you mujst be smart enough what happens when the asset is in less quantity while the need is quite big.




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bitbob82
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April 16, 2017, 07:57:27 PM
 #434

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 saving makes bitcoin grow and ripe in its value. I think saving will give us some profit when the price will increase in the future. That's the thing every body is doing it.
i do not think that saving can give you profit, i think if you want to get some profit then yo need to invest your money in bitcoin as you can make profit through investment ans in current time bitcoin is one is the best investment, as it is expected that the rice of bitcoin will increase more and more therefore investment in bitcoin is the best option.
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April 16, 2017, 08:45:27 PM
 #435

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

Come share your thoughts



I think saving makes bitcoin grow and ripe in its value. I think saving will give us some profit when the price will increase in the future. That's the thing every body is doing it.
i do not think that saving can give you profit, i think if you want to get some profit then yo need to invest your money in bitcoin as you can make profit through investment ans in current time bitcoin is one is the best investment, as it is expected that the rice of bitcoin will increase more and more therefore investment in bitcoin is the best option.
Investment will benefit but you will also need to save them for longer time because if a person will not save for longer time and will only invest for short time then it will not give benefit as bitcoin price increase with time and when more time will pass the price will increase more higher.
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April 16, 2017, 10:12:29 PM
 #436

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

Come share your thoughts


People keep their bitcoin in their wallet because they believe that the price of bitcoin will get higher. They are waiting for that time because they believe that it will be the right time to convert their bitcoin into fiat money. I know some people who are also members of this forum and they are the ones who told me about that.



Yes, people have trust on bitcoin, and bitcoin is first crypto who is in a high price, and we can earn from bitcoin easily, and most of the people know that bitcoin has a bright future. So the reason is that people save their bitcoins into their wallets.

I agree with you too. Saving the bitcoin for a long time will be beneficial someday. The right time for bitcoin will surely come and it's price will be at it's peak. Even though many people still do not know what bitcoin is and where is it for, the time for bitcoin to be used all around the world ( legally, to be more optimistic ) will come. And when that time come, people who have kept their bitcoin in their wallet would benefit for sure.





I remember when I started using bitcoin,its value when converted in our currency is only half of its value now, there might be a possibilities that it will grow more in value, saving it is fine but while waiting for its value to get higher ,why not try to invest or trade to make it bigger.
Trading is better if a market of a certain currency is more likely to be stable, hence if a coin like bitcoin tends to grow more instead of being conistent, the better thing is to hold so that you are in the postion of advantage which would give you more profit.
yes i am also in favor of trading, i think through trading we can make good money that we cannot even think from other source of earning money. although gambling is also a good way of making money but it  is more risky as compare to trading, therefore i will always like to chose trading instead of gambling.
Working with Bitcoin there are so many options. Trading one of the best option, also keep our bitcoin profitable too, because we all believe that the price of bitcoin will get higher next few moths or years. In online marketing think always long term, it's safe and secure hence of gambling.
yeah there is a lot of people consider that trading is best option to earn bitcoin and we can easily get a good profit from bitcoin trading and if we invest our money in bitcoin we will surely in profit because bitcoin price is rising.
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April 17, 2017, 12:33:39 AM
 #437

I keep a long time because I am convinced that the future price of bitcoin will rise.

if you all do it?
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April 17, 2017, 12:38:06 AM
 #438

I keep a long time because I am convinced that the future price of bitcoin will rise.

if you all do it?


I save some ,but I still make sure that I can still do trading or investing even a little, its just to make more money bigger while waiting, there were times that I think its a waste of time waiting for its value since there is more possibility to have good returns in investing or trading,though I only do it depending on trade value and on the offers in investing.

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April 17, 2017, 12:49:45 AM
 #439

maybe that save time or save in your wallet for a long time
they wait for prices to rise as high as possible bitcoin time made.

Is that true?

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April 17, 2017, 02:24:15 AM
 #440

maybe that save time or save in your wallet for a long time
they wait for prices to rise as high as possible bitcoin time made.

Is that true?
If you are trying to say that as the price goes higher the value of your bitcoin goes up well? Then you are right because if you are holding your bitcoin in your wallet for long then it is very possible for you to earn high amount of money if you have a lot of bitcoins in your wallet because it is like investment where you didn't do anything but you will still earn because of the price increase.
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