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Author Topic: bitcoin benefit of saving for a long time?  (Read 81780 times)
Ziskinberg
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July 20, 2017, 11:33:32 AM
 #841

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 totally different from altcoins.Investments are made in altcoins in a short term basis and bitcoins are bought as a long term investment.We could not expect huge profits from bitcoins in a short time.Bitcoin price has risen from $850 in december 2016 to $2250 now within six months.It is expected to rise more after segwit activation.Thats why people prefer to store bitcoins in their wallet for a long time.
That's what I believe before but now I find there are good altcoins that are also good for holding in the long term, in fact I have diversified some of my bitcoins to altcoins because I see some who are good for the future. I have ethereum of course, and just recently I bought a lot of waves and stratis when the price dumped.

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July 20, 2017, 11:37:53 AM
 #842

I believe that bitcoin is very good for long-term storage, because doing nothing after a few years can become a millionaire. It is very convenient for schoolchildren.

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July 20, 2017, 11:51:04 AM
 #843

I believe that bitcoin is very good for long-term storage, because doing nothing after a few years can become a millionaire. It is very convenient for schoolchildren.
Wow your dream was so high, even how long you hold your bitcoin it was not earn income so how can you be a millionaire? In contrary on what you said I can't believe that you can earn benefits on long-term savings on bitcoin. Because of the following reasons;
1. Bitcoin was not generate interest on wallet every months or years.
2. Fluctuation of bitcoin on the market was unpredictable so no assurance of income.
3. There's a lot of coins or altcoins in the market so how can you manage the competition day to day.

There's a lot of benefits in bitcoin but long-term savings, I can't believe that maybe daily deposit on wallet to increase your savings.
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July 20, 2017, 02:08:05 PM
 #844

Some People saving Bitcoins for their future It has a big potential because lots of experts expecting big move in Bitcoins in next 5 year time frame If you can hold 5 bitcoins that will be a big amount for sure If you can hold it.
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July 24, 2017, 10:05:18 AM
 #845

Some People saving Bitcoins for their future It has a big potential because lots of experts expecting big move in Bitcoins in next 5 year time frame If you can hold 5 bitcoins that will be a big amount for sure If you can hold it.

Saving is best option for the moment, off course that man expect to see him go sky high in less then 5 year and how is big moment for price to reach above 3000 and to remain at this level for some time. This could be good opportunity for some buy/sell cuz it will be most likely drop in price for some amount maybe for 200-300 dollars in price.



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July 24, 2017, 11:56:10 AM
 #846

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

Come share your thoughts

See bitcoinhats why most people store bitcoins for a long time. is totally different from altcoins which is bought as a short term investment.Bitcoin is mostly bought as a long term investment and short term benefits could not be expected from bitcoins.If we expect short term benefits,it is better to buy altcoins.Bitcoin has increased in its price gradually from time to time.
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July 24, 2017, 04:09:51 PM
 #847

To save the life of human beings, it is necessary  to save it. However, it the savings are invested in the bank or elsewhere it will earn 6% or 8%. I think investment in bitcoin is twice the investment.
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July 25, 2017, 05:46:19 AM
 #848

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 it is their belief unto to bitcoin that someday it will become the one world currency like what everybody said in this thread.
Moreover, if they hold bitcoin in a long term for a low price value, then after a years it become x 10 that a big profit they can get for sure.


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gabmen
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July 25, 2017, 12:45:31 PM
 #849

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 it is their belief unto to bitcoin that someday it will become the one world currency like what everybody said in this thread.
Moreover, if they hold bitcoin in a long term for a low price value, then after a years it become x 10 that a big profit they can get for sure.

They may be thinking that btc would repeat what happened when it went up from 2010 to now. It probably won't happen again that it will shoot that high but btc still has a long way to go and probably keeping it for a long time will reap good rewards.

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July 25, 2017, 01:48:10 PM
 #850

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

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A benefit is that you can timing the conversion of bitcoin to currency when the rate increased or goes higher, giving you more income than you expected you can earn

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July 30, 2017, 02:31:25 PM
 #851

If you save for a long time, then you can expect really really high value of your savings simply because of the fact that rate of growth of Bitcoin is very high. I would suggest everyone to hold their savings for a long time for profits.
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July 30, 2017, 02:34:43 PM
 #852

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.
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July 30, 2017, 03:36:46 PM
 #853

Saving bitcoin for a long time gives opportunity for high return I think people who is doing that are having hope that they will experience what happen to others 9 years ago..those who buy bitcoin and kept it after several years are now enjoying the harvest of their investment and not just a simple income but a jackpot to be consider imagine from $5 to $2800....people somewhat dreaming that same thing will happen again after couple of years

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July 30, 2017, 04:04:10 PM
 #854

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.
Yes I agree with your opinion, it is true that people save their property to bitcoin because to avoid inflation that can harm you, and save it as bitcoin for long-term investment, as we see now the price of bitcoin is quite high maybe it Will increase as time goes by, and that can be a boon for you in the future
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July 30, 2017, 04:24:27 PM
 #855

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

Come share your thoughts


yeah they will get big benefits because price of bitcoin increases significantly during this year. store bitcoin and hold it for long term investment is very good i think.

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July 30, 2017, 04:31:09 PM
 #856

Saving bitcoin for a long time period has a lot of benefits. People who were able to buy one bitcoin when the market value of Bitcoin was around  $50 or let say $200 and were able to hold it till now are all millionaires if converted to the local currency of my country. Just like the case of a 12 year boy who bought bitcoin when the market value of Bitcoin was very little and didn't sell from it till the bitcoin price reach $1500 or thereabouts.




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RENATA612
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July 30, 2017, 05:18:54 PM
 #857

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 like this will benefit a lot of examples after the 1st of August they will get bitcoincash (bcc) there is another bitcoin price now that is going up it will increase their profits
chaser15
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July 30, 2017, 07:15:09 PM
 #858

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Not at all because we can't take away the small chance of bitcoin to decrease it's value. Bitcoin will only avoid inflation if it's clear that 100000% bitcoin will surely rise it's price.

Im positive that bitcoin for long term will surely give us a high value we don't expect but I still have room for possibility that price will decrease more in the future even by 1-2%. It's ok to become optimisitic but let's also look at some chances might happen even for small chances.
azguard
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July 31, 2017, 10:01:44 AM
 #859

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Not at all because we can't take away the small chance of bitcoin to decrease it's value. Bitcoin will only avoid inflation if it's clear that 100000% bitcoin will surely rise it's price.

Im positive that bitcoin for long term will surely give us a high value we don't expect but I still have room for possibility that price will decrease more in the future even by 1-2%. It's ok to become optimisitic but let's also look at some chances might happen even for small chances.

Bitcoin made this very clear when price went more then current gold is. This will benefit is many way for long term cuz is will go up. Many save it and know that price will go up every time when halving is price is ready to go up and every time reach more then last time. So in next 5-10 years if you look at this investment it is good to have as many as possible stored.



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Adbitco
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July 31, 2017, 10:13:05 AM
 #860

Of course it got benefit, 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 is going to bring big profit for the holder
It's always better to store your bitcoins in a wallet than investing them in scams. The best thing about bitcoin is just storing it for a long time is a sort of investment and we have seen it and some of us might even have experienced it in the past when bitcoin was only $400 or so and raised up to $2800 so that's why people hold and keep storing their bitcoins and that's how people make profit and have made already in the past.
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