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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
NEWGOODOUBLE
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June 11, 2017, 07:01:06 AM
 #701

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 the benefit they get by storing bitcoin in the wallet is a safe investment.
And if bitcoin prices reach a climax, they can benefit from that investment.
Although holding back for long periods of time will provide an advantage. But I'm sure very few users do that. Most of them use bitcoin for short-term investments
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Flodemaga
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June 11, 2017, 09:15:44 PM
 #702

The only bad thing to save is that you wont be able to grow your coins with time, something you can do if you do trading, and does expose your coins at some risk. The people wich bought bitcoins under 1000 dollars can already sell if havent with an amazing result, but why to sell something that all know and does speculate to keep growing all years, it just makes no sense, unless you need money.
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June 11, 2017, 10:08:33 PM
 #703

The only bad thing to save is that you wont be able to grow your coins with time, something you can do if you do trading, and does expose your coins at some risk. The people wich bought bitcoins under 1000 dollars can already sell if havent with an amazing result, but why to sell something that all know and does speculate to keep growing all years, it just makes no sense, unless you need money.

I agree that saving downside is the fixed amount but you are safe from risk of loses of your Bitcoin though the risk of losing value is still in there.  I am into trading the coins since it is better to take the risk and grow the coins than just letting it to raise its value.  Profits from trading can multiply the value of your holding .
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June 11, 2017, 11:35:15 PM
 #704

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 savings in a long term is a holding in a long term, however as far as I can see on this things there is no
 Risk that I saw instead, it is very safe and you could have a chance to have a big savings or huge amount of bitcoin
When the right times come.

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June 11, 2017, 11:52:05 PM
 #705

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 savings in a long term is a holding in a long term, however as far as I can see on this things there is no
 Risk that I saw instead, it is very safe and you could have a chance to have a big savings or huge amount of bitcoin
When the right times come.

It's been proven that those btc user who hold even not that much were expected to be richer than there are now before , holding it can be good savings but we can atill do trading and investing to make more from it.


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June 12, 2017, 12:00:30 AM
 #706


It's been proven that those btc user who hold even not that much were expected to be richer than there are now before , holding it can be good savings but we can atill do trading and investing to make more from it.

Not by becoming rich but the noticeable value of hold bitcoins even just by a small fraction. BTC0.01 value on the past really have different value to what is BTC0.01 today.

Now by looking at past bitcoin prices, is there really a person who can still judge that bitcoin is not even worth to hold even by a few? Senseless thoughts if will based on the current bitcoin price.
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June 12, 2017, 04:39:46 AM
 #707

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

Come share your thoughts



Saving bitcoin in the wallet has a big benefits! it's because bitcoin value is unpredictable and pricing of each small amount have a big factor. One bitcoin from the fast is much big different in bitcoin now. If you notice the price hike of bitcoin is continuously nowadays this why people saving bitcoin in their wallet has much richer than to those person withdrawing bitcoin.
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June 12, 2017, 08:20:21 AM
 #708

I prefer the intermediate-term investment is bitcoin (over 3 months) because the price will skyrocket after 3 months and usually rises to 100% every 3 months.


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June 12, 2017, 08:34:01 AM
 #709

I prefer the intermediate-term investment is bitcoin (over 3 months) because the price will skyrocket after 3 months and usually rises to 100% every 3 months.

I think it isnt certain, if bitcoin rises to 100% every 3 months. Because there is no valid information or reference source for your statement. However, saving bitcoin for a long time i am also optimistic that its good investment action.


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June 12, 2017, 09:52:35 AM
 #710

I prefer the intermediate-term investment is bitcoin (over 3 months) because the price will skyrocket after 3 months and usually rises to 100% every 3 months.

I think it isnt certain, if bitcoin rises to 100% every 3 months. Because there is no valid information or reference source for your statement. However, saving bitcoin for a long time i am also optimistic that its good investment action.


Indeed. The fluctuations of btc prices are not that easily predictable like when you say every three months. Definitely holding on to your btcs will see your capital grow considerably if done for a long time but try not to give yourself specific timeframes and it seldom comes true. Just be ready as if there will be a price pump its almost certain that we'll all know about it

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June 12, 2017, 10:04:16 AM
 #711

I prefer the intermediate-term investment is bitcoin (over 3 months) because the price will skyrocket after 3 months and usually rises to 100% every 3 months.

I think it isnt certain, if bitcoin rises to 100% every 3 months. Because there is no valid information or reference source for your statement. However, saving bitcoin for a long time i am also optimistic that its good investment action.


Indeed. The fluctuations of btc prices are not that easily predictable like when you say every three months. Definitely holding on to your btcs will see your capital grow considerably if done for a long time but try not to give yourself specific timeframes and it seldom comes true. Just be ready as if there will be a price pump its almost certain that we'll all know about it

Yes, I have the amount in my mind to withdraw my bitcoins.  We do not know how long will it have to have its high price.  We wish it would goes up but what if there would be a case that it makes it price drops.  No way.  But just having a timeframe and amount and just go on what your intuition said.  Anyways, just keep on earning bitcoin and monitor its movement.
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June 12, 2017, 10:06:45 AM
 #712

I prefer the intermediate-term investment is bitcoin (over 3 months) because the price will skyrocket after 3 months and usually rises to 100% every 3 months.

I think it isnt certain, if bitcoin rises to 100% every 3 months. Because there is no valid information or reference source for your statement. However, saving bitcoin for a long time i am also optimistic that its good investment action.
Whether it is optimistic or it doesn't saving in terms of bitcoin is always a profitable asset. Each and every people all around who have expertise knowledge in cryptocurrency has said that the price will peak high in the future. Thinking that in mind I have started to save it for a long time.

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June 12, 2017, 10:18:55 AM
 #713

Bitcoin benefit of saving for a long time? yes based on the blog that i read some people just proof it that if you just hold bitcoins for a long time you can earn benefits from it though it is a long time but they assure you that you will gain profits in holding bitcoins,
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June 12, 2017, 01:09:18 PM
 #714

Holding your Bitcoin is probably one of the most promising ways of making money from Bitcoin as Bitcoin grows at a very fast rate and saving and holding a large amount can earn you great returns. Holding for more than can double or triple the value of your Bitcoin so save and hold as much as you can.
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June 12, 2017, 01:19:31 PM
 #715

Yes I agree, bitcoin is a long-term investment that is most profitable, it is true that we can get more than 100% in a month but we can get 1000% in 5 years, I will choose for long term.
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June 12, 2017, 01:29:26 PM
 #716

Quote
Although holding back for long periods of time will provide an advantage. But I'm sure very few users do that. Most of them use bitcoin for short-term investments
People really want to keep what they have in bitcoin untouched for a long long time. But new ico`s that take place looks very interesting, they accept investment in eth quite frequently. This forces to sell bitcoin for the possibility to earn more.
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June 12, 2017, 01:43:40 PM
 #717

Bitcoin saving just works for those which bought at 600-700 dollars, buy bitcoin at the current value and hold isnt a bad step, knowing the value will keep growing, but doing thise you will end loosing the opportunity to grow the number of coins as the value.
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June 12, 2017, 01:52:10 PM
 #718

I still believe that bitcoin prices will be higher, more than today, although many people are pessimistic but I still believe. See many countries that legalize bitcoin and sure will be many people who use it, I think it would be reasonable if the price will increase, so keep your bitcoin for enough time
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June 12, 2017, 01:58:54 PM
 #719

I think that's because well, as we know, the price of bitcoin increases again and again, and of course, selling bitcoin in the future, when the price is higher will gain us more profit. That's why people tend to save their bitcoin
And also, they store it so they have emergency money. So when they really in urgent and had no money, they can sell their bitcoin. It's like bitcoin become their saving.
People also store their bitcoin because they buy it for long term investment, and of course they keep it instead using it.
So, the benefit of saving bitcoin is usually because we can gain more profit when the price is higher


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June 12, 2017, 01:59:37 PM
 #720

Given on how bitcoins fluctuates, I can say that saving bitcoins truly benefits one person. But be wary that the continuous increase in the value of bitcoins is not absolute and it could also possibly lead to deflation in a timely manner or worse abruptly. So there are still risk on saving bitcoins but now I can see no reason not to save a bitcoin at least.



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