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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
J9901
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April 30, 2017, 11:18:12 PM
 #561

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Bitcoin is very unstable and is not controlled by anyone, so it is more correct to keep it to a certain level. Nobody knows what will happen to him tomorrow.
Yeah i also think that it is a smart idea to just keep our bitcoins for a bit long time rather than spending it and exchanging or converting it into fiat because that is not a good idea because we are avoiding the possible big profits because of the unstable price of bitcoin that are more into high price.

Yeah the price of bitcoins is getting higher and higher and same we can expect from coming months too so selling them now is not a smart move to make and its better to hold them till the end of the year and sell when we see the highest price of the year.

People who will not save their bitcoins for future will surely regret in future when they will see the best price of bitcoins and I don't see any point in spending them at a moment as bitcoins has lot to offer us in future so its better to save them for some more couple of months.
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May 02, 2017, 07:01:50 PM
 #562

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better.  Grin
Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.
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May 02, 2017, 08:38:53 PM
 #563

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better.  Grin
Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

I agree watching the market is mandatory if we want to play with the fluctuation. But if we are in for a long term, looking at it from time to time is enough.  We are not selling our BTC any time soon so it would be a waste of time looking at the market movement every minutes.  Aside from that long time holder is not affected by day to day fluctuation.
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May 03, 2017, 07:28:18 AM
 #564

bitcoin price continues to rise, there is no reason to wait for the price down so that the best way to profit is to buy immediately. bitcoin beneficial for long term investment.

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May 03, 2017, 08:00:00 AM
 #565

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better.  Grin
Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

I agree watching the market is mandatory if we want to play with the fluctuation. But if we are in for a long term, looking at it from time to time is enough.  We are not selling our BTC any time soon so it would be a waste of time looking at the market movement every minutes.  Aside from that long time holder is not affected by day to day fluctuation.
As the saying goes, good things come to those who wait, and in the case of bitcoin, great profits come to those who patiently hold their coins. Those who prefer to hold their bitcoins for long term are going to be rewarded handsomely. They can always trade a small portion so as not to get “bored” and just play with it and see if it gives additional profit while majority of their holdings is safely stashed in their cold wallets.
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May 03, 2017, 08:06:41 AM
 #566

bitcoin price continues to rise, there is no reason to wait for the price down so that the best way to profit is to buy immediately. bitcoin beneficial for long term investment.
I don't agree with what you have said. Yes right now Bitcoin is achieving all time highs but we also need to exercise our caution because we are entering into a new price territory which means big players selling their position could happen anytime soon. This can be a scary position to buy new Bitcoin because right now we are on a uptrend.

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BluePoppy
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May 03, 2017, 08:43:39 AM
 #567

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

Come share your thoughts

It's gone up 5x in the past year. That's already enough reason to save long-term.
Anjing Lu
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May 03, 2017, 12:26:45 PM
 #568

Yes of course, imagine if we bought 100 bitcoin last year (when the price still $275), then we will make a profit of about $1200/btc. bitcoin is a profitable investment for short and long time.

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May 03, 2017, 03:37:42 PM
 #569

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

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Because bitcoin is now a good place to invest, because it provides a benefit both in the near and long term
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May 03, 2017, 04:22:23 PM
 #570

In the last few months, we saw the benefit to buy and hold BTC. We have to keep in mind that its supply is limited. Therefore, if more people want to have BTC, more it will worth. Just watch the road ahead and try to identify the best moment to let it go (a project that you want to invest the money, a vacation trip, etc.)

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prass tyo
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May 03, 2017, 04:40:23 PM
 #571

Bitcoin is very tantalizing both beginner and old investors, because of the profits it makes that keeps their bitcoin for a long time
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May 03, 2017, 07:16:12 PM
 #572

Bitcoin will always benefit you if you save them for the right time as people who have bought their bitcoins in the last year and are holding till date have made huge profits as price as gone higher like crazy in one year's time.
alex_mercer
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May 03, 2017, 07:18:56 PM
 #573

So far, I have seen few people who have been disappointed in holding Bitcoin for a long time. But this is not an easy task... at the moment Bitcoin is more stable, but in years past, volatility was insane.
zikel
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May 03, 2017, 09:59:00 PM
 #574

So far, I have seen few people who have been disappointed in holding Bitcoin for a long time. But this is not an easy task... at the moment Bitcoin is more stable, but in years past, volatility was insane.
If you keep bitcoin for a long perspective, then definitely the users who did it. Won the full program. Growth forecasts are very obvious and real.
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May 03, 2017, 10:08:16 PM
 #575

So far, I have seen few people who have been disappointed in holding Bitcoin for a long time. But this is not an easy task... at the moment Bitcoin is more stable, but in years past, volatility was insane.

I don't know why they are disappointed for holding bitcoin for a long time. Because most of the us here are holding it for better and instead of disappointment, it is giving us good return and profit. What did those people did to their holdings? Did they just sold it somewhere? I'm sure they are feeling sorry right now.
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May 04, 2017, 12:39:49 AM
 #576

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

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As we are going close to maximum supply of bitcoin which is 21 million, expect that bitcoin supply will decrease and the demand will increase as they are inversely proportional. Also, bitcoin is a lot easier to use instead of banks since it doesn't need too much identity information and rules. Also, no one can stop bitcoin.

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May 04, 2017, 01:50:22 AM
 #577

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 their bitcoin in their wallet for the long time because they need to save it for future purposes and they also save their because they are waiting to increase the price. Saving is good to prevent greediness in spending all of your money.
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May 04, 2017, 02:28:03 PM
 #578

Bitcoins benefit of saving it for a long time?

Well, it has high chances of multiplying its value when stored for a longer period of time. Investors alike would think that it is better to gamble with the money they have than leave it not earning at all. This situation presupposes that the financial capacity of investors are in tact. 
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May 04, 2017, 02:52:48 PM
 #579

Bitcoin will always benefit you if you save them for the right time as people who have bought their bitcoins in the last year and are holding till date have made huge profits as price as gone higher like crazy in one year's time.

And if you know the price of bitcoin is going to keep on rising for the upcoming years, you should be saving bitcoin right now.

I keep on saving, because I believe that saving bitcoin for a long time will be good for me.

The more bitcoin's we are going to save that will tell you that it is a very good thing and it's a wise decision.

The price increase is very surprising right now, so this is the best thing to do.

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May 04, 2017, 03:17:02 PM
 #580

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

Come share your thoughts


if you stored 1$ = 1 btc in 2011 you will get 1.500 $ in 2017
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