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Author Topic: bitcoin benefit of saving for a long time?  (Read 81780 times)
batang_bitcoin
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April 21, 2017, 02:01:47 AM
 #481

Everyone hopes for the fantastic growth of bitcoin. Personally, I do not leave all the coins in my wallet, spend a part on myself and invest a small part in other currencies for confidence in my future.

It's good that you are enjoying some of your bitcoins for yourself. But with what I do, I want to save all of my bitcoins because I know that it is going to be a good thing for me in the long time. I am very inspired with those holders that are holding a lot of bitcoins and they managed to earn a lot of profit because of their patience.
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April 21, 2017, 02:04:41 AM
 #482

Everyone hopes for the fantastic growth of bitcoin. Personally, I do not leave all the coins in my wallet, spend a part on myself and invest a small part in other currencies for confidence in my future.
Everyone should know how to face the risk and will never afraid to lose a bit. Well i do leave and hold my bitcoins from my wallet i don't spend or deposit then from investments i always do trading and gambling sometimes.

Correctly you do. I'm sure bitcoin deserves more than just spending it on gambling. This is an investment in the future. After a few years it will give us much more than now
I have no doubt that those that have spent so much much bitcoin in useless things will regret it in the future since there is no scenario that I picture in my mind in which bitcoin fails, bitcoin is going to become a success as we have not seen before or after.

It is their bitcoin so they can spend it to whatever they want to. We cant argue with that specially if those are hard earned coins and just want to gift themselves with something.
Regarding the benefit of saving for a long time, we can see it all if we look at the graphs. The increase it made since $300 which is when I started I think, or maybe less. All of those who had the patience in just waiting for this very high price have already felt the benefit of bitcoin.

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April 21, 2017, 03:35:41 AM
 #483

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 bitcoin is the best for long time investment or we should say holding it for a long time because bitcoin price is growing every year so by that the bitcoin price is pumping every year so if you hold a bitcoin now you can have a profit in the future. And that's why holding bitcoin for a long time has a big benefit in us.

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April 21, 2017, 03:55:33 AM
 #484

Everyone hopes for the fantastic growth of bitcoin. Personally, I do not leave all the coins in my wallet, spend a part on myself and invest a small part in other currencies for confidence in my future.
Everyone should know how to face the risk and will never afraid to lose a bit. Well i do leave and hold my bitcoins from my wallet i don't spend or deposit then from investments i always do trading and gambling sometimes.

Correctly you do. I'm sure bitcoin deserves more than just spending it on gambling. This is an investment in the future. After a few years it will give us much more than now
I have no doubt that those that have spent so much much bitcoin in useless things will regret it in the future since there is no scenario that I picture in my mind in which bitcoin fails, bitcoin is going to become a success as we have not seen before or after.

It is their bitcoin so they can spend it to whatever they want to. We cant argue with that specially if those are hard earned coins and just want to gift themselves with something.
Regarding the benefit of saving for a long time, we can see it all if we look at the graphs. The increase it made since $300 which is when I started I think, or maybe less. All of those who had the patience in just waiting for this very high price have already felt the benefit of bitcoin.

I think most of us earn bitcoin for 2 reason. It is to help ourself financially and to hold it as much as we can because of the continuous increase of price every year. There is nothing wrong about spending our bitcoin for our desires because it is our hard earned money. It can only be wrong if we waste it on gambling even if we just lose always.
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April 21, 2017, 04:19:34 AM
 #485

I am thinking long term. Retirement. Middle aged now and some day i will slow down.

Btc is a wise investment. Japan just alowed officail transactions to be done in btc, India may be next, sure China is having troubles.
But in the long run, more and more countries will adopt btc, more and more poeple are grasping the technology, why every day you see payments by btc just while surfing the net. Companies all over the globe are excepting payments in btc.

Another unfortunate aspect is the illegal use. Online drug markets are growing and like the drug market will increase exponentially. Nonetheless, btc price will continue to rise and rise.
Btc can replace visa to some degree.

I don't beleive btu will be big, btc is already the favourite. Give it another 5, 10 or 20 years.
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April 21, 2017, 05:34:05 AM
 #486

I am thinking long term. Retirement. Middle aged now and some day i will slow down.

Btc is a wise investment. Japan just alowed officail transactions to be done in btc, India may be next, sure China is having troubles.
But in the long run, more and more countries will adopt btc, more and more poeple are grasping the technology, why every day you see payments by btc just while surfing the net. Companies all over the globe are excepting payments in btc.

Another unfortunate aspect is the illegal use. Online drug markets are growing and like the drug market will increase exponentially. Nonetheless, btc price will continue to rise and rise.
Btc can replace visa to some degree.

I don't beleive btu will be big, btc is already the favourite. Give it another 5, 10 or 20 years.
You are right but everyone can't hold bitcoin in his wallet for long time it is because here the legality of bitcoin in your country , if your government didn't declared any statement about the bitcoin then it may be possible in the incoming days or months or in year they may declare bitcoin as illegal , so hold bitcoin in your wallet for years is a matter of risk .
But if you are in the countries like Japan than Ofcourse you should hold it for 10-20 years because they is no risk of the government to declare illegal or anything .
So hold bitcoin is good job if your country accept bitcoin legally .

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Carlsen
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April 21, 2017, 06:34:22 AM
 #487

I am thinking long term. Retirement. Middle aged now and some day i will slow down.

Btc is a wise investment. Japan just alowed officail transactions to be done in btc, India may be next, sure China is having troubles.
But in the long run, more and more countries will adopt btc, more and more poeple are grasping the technology, why every day you see payments by btc just while surfing the net. Companies all over the globe are excepting payments in btc.

Another unfortunate aspect is the illegal use. Online drug markets are growing and like the drug market will increase exponentially. Nonetheless, btc price will continue to rise and rise.
Btc can replace visa to some degree.

I don't beleive btu will be big, btc is already the favourite. Give it another 5, 10 or 20 years.
You are right but everyone can't hold bitcoin in his wallet for long time it is because here the legality of bitcoin in your country , if your government didn't declared any statement about the bitcoin then it may be possible in the incoming days or months or in year they may declare bitcoin as illegal , so hold bitcoin in your wallet for years is a matter of risk .
But if you are in the countries like Japan than Ofcourse you should hold it for 10-20 years because they is no risk of the government to declare illegal or anything .
So hold bitcoin is good job if your country accept bitcoin legally .

Luckily the number of countries that  have already made a statement about bitcoin is growing.
I think there are lists in the internet to look up what each country said about bitcoin.
And the last time I saw one of those lists, a fast majority of the countries have declared bitcoin to be legal within their boarders.
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April 22, 2017, 02:19:54 AM
 #488

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.
Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.
The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way
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April 22, 2017, 03:27:49 AM
 #489

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.
Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.
The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.

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April 22, 2017, 04:40:34 AM
 #490

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.
Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.
The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.
The price depends on the market trend, so it's just about the news and rumor. If there will be a good rumor the market actually turn to the bullish trend which a lot of traders are buying in rumor and news. Otherwise, another bad news will come to the market and the market can be turned into the bearish trend for instantly.

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April 22, 2017, 07:14:58 PM
 #491

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.
Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.
The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.
The price depends on the market trend, so it's just about the news and rumor. If there will be a good rumor the market actually turn to the bullish trend which a lot of traders are buying in rumor and news. Otherwise, another bad news will come to the market and the market can be turned into the bearish trend for instantly.

Yes, the market is very unstable. Therefore, those who trade in crypto currency need to be very careful.
I believe that bitcoin is beneficial to store for a long time. I have a few coins delayed for this
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April 22, 2017, 07:44:03 PM
 #492

Everyone hopes for the fantastic growth of bitcoin. Personally, I do not leave all the coins in my wallet, spend a part on myself and invest a small part in other currencies for confidence in my future.
Everyone should know how to face the risk and will never afraid to lose a bit. Well i do leave and hold my bitcoins from my wallet i don't spend or deposit then from investments i always do trading and gambling sometimes.

Correctly you do. I'm sure bitcoin deserves more than just spending it on gambling. This is an investment in the future. After a few years it will give us much more than now
I have no doubt that those that have spent so much much bitcoin in useless things will regret it in the future since there is no scenario that I picture in my mind in which bitcoin fails, bitcoin is going to become a success as we have not seen before or after.
Theres profit waiting for us in gambling but spending them all in gambling is wrong just discipline our selves not too much in gambling. Invesment in the future is really great I can see that with those articles that I read all over the internet those who holding coins for long and then bitcoin will fails to increase maybe they just broke their profit once bitcoin rise rapidly congrats to them saving is really worth the wait.
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April 22, 2017, 08:01:33 PM
 #493

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.


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April 22, 2017, 08:58:51 PM
 #494

The potential to be rich in the future.
I can buy bitcoin now if I think the price will triple in some years, etc.

I think this goes for everybody else.

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April 22, 2017, 09:09:29 PM
 #495

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.
Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.

Keeping bitcoin for a year will give a great chance to acquire more profit it is not the best to enjoy best of bitcoin feature. For me. I can get benefit of using btc by it's feature of anonymous and fast transaction. As well as this is the currency i used to gamble.
Bitcoin is a currency which is full of features and everyone can get benefit from it no matter he is an investor or he is the merchant both of them will earn a profit with convenience and will use it with convenience. The merchant mostly enjoy its convenient way of usage while the investor enjoy the profit from its price rise with time when he hold.
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April 22, 2017, 11:48:41 PM
Last edit: May 01, 2017, 09:37:54 AM by Fireblade
 #496

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 bitcoin is the best for long time investment or we should say holding it for a long time because bitcoin price is growing every year so by that the bitcoin price is pumping every year so if you hold a bitcoin now you can have a profit in the future. And that's why holding bitcoin for a long time has a big benefit in us.
yes i am also in favour of long term investment. i think in long term investment there are very little chance of losing money. but still there are some kind of people who have also good experience in short term investment and they can really make good money in short term investment. to my i personally like long term investment and most invest my money in bitcoin for long term as i personally have no experience in short term investment.
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April 23, 2017, 02:29:23 AM
 #497

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.
Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.
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April 23, 2017, 08:29:56 AM
 #498

It is one of the characteristics of BTC that fluctuates its value in no time. 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, 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
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April 23, 2017, 08:38:47 AM
 #499

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.
Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.
Actually what they meant about holding Bitcoin for a long time is investing in which you really hold your position before you sell it sometimes it takes years before you offload your Bitcoins. In Trading what they really based their trades on is support and resistance levels on prices in which they buy near support and sell near resistance because you can't really observe the pump and dump of a coin because it is actually happening in front of you in which you need to take action.

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April 23, 2017, 08:46:24 AM
 #500

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.
Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.
seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

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