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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
jak3
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August 18, 2017, 07:51:48 PM
 #901

bitcoin's price is volatile, in simple words its market price always changes(as price is made by the demand and supply of the market) and because Bitcoin is being made at a constant mining effort and also with constantly increasing difficulty the Bitcoin price will increase so that miners can get enough paid for their invested power and time.and this makes Bitcoin the perfect target for long term investment because it will always gonna increase its rice until the last block is mined.

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August 19, 2017, 12:36:41 AM
 #902

I only see one reason why people holds their bitcoin for a long time and that is because bitcoin price is so volatile. We all knew that bitcoin price today is constantly rising so I guess it is the main reason why people who has bitcoin will continue to hold their bitcoin for long term. Because they knew the benefit they will get is much higher than today's. They knew themselves it's worth to wait.
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August 19, 2017, 02:25:01 AM
 #903

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

It is so damn true. We save or hold our coins because we all know bitcoin is volatile and in time it go to the moon.
Just dont mind the dips because for sure after the dips the rise will be next.
Sure, the current price is so tempting, I think cashing out a little is fine so we can taste the ATH, but make sure you still have a lot of bitcoin in case bitcoin will be on peak again and the profit you get is really crazy.
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August 19, 2017, 05:02:05 AM
 #904

 when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods

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August 19, 2017, 05:38:53 AM
 #905

when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods
It is not that mean that if you will hold or save your bitcoin for a long time then it will be just stocked up but that is not how it works for long term investment. If you are going to save bitcoin for a long time then you should be always updated for the news and possible developments in bitcoin so that you can think for the possible outcomes in long term and to find out if you are going to keep holding or not.
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August 19, 2017, 06:43:27 AM
 #906

when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods

That is risk not just in long terms but in short as well. This is beauty of this no matter what. But from some angle at the moment most are saving cuz price went above 4k and currently is stable for a bit. They are in doubt what to do to sell and keep it.



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August 20, 2017, 06:07:10 AM
 #907

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 your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it.
Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store.

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August 20, 2017, 06:13:13 AM
 #908

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 your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it.
Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store.
How about on bitcoins price might decrease tomorrow? We cant assume anytime that the price would really go together with our expectations we should not really forget the risk behind it and how price volatility works. Bitcoin saving is really a good habit since we can see that prices do soar up high and I would recommend this thing for those who earn bitcoin without the need on pulling up money on their pocket but for those people who do make use of their local fiat exchange to bitcoin we should only put on the amount that we can afford to lose up.

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August 20, 2017, 06:30:25 AM
 #909

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 your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it.
Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store.
How about on bitcoins price might decrease tomorrow? We cant assume anytime that the price would really go together with our expectations we should not really forget the risk behind it and how price volatility works. Bitcoin saving is really a good habit since we can see that prices do soar up high and I would recommend this thing for those who earn bitcoin without the need on pulling up money on their pocket but for those people who do make use of their local fiat exchange to bitcoin we should only put on the amount that we can afford to lose up.
Well, many think like that. Sees the potential for bitcoin prices now rising rapidly, leading many to think that storing bitcoins over a long period of time can make huge profits. But, I think this has been around since the bitcoin itself is in shape. People just hesitated with it. But has much to prove it.

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KnightElite
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August 20, 2017, 06:38:49 AM
 #910

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

Come share your thoughts

The main reason why many people storing their bitcoin for a long time is they want to earn big amount of money. Long term investment is very effective way to earn money.  I also prefer long term investment because I know that I can earn profit.
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August 20, 2017, 06:59:09 AM
 #911

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

Come share your thoughts

The main reason why many people storing their bitcoin for a long time is they want to earn big amount of money. Long term investment is very effective way to earn money.  I also prefer long term investment because I know that I can earn profit.
Yes by saving bitcoin for a longtime it also help you to have a longterm investment with a high return and also a high risk in this investment but nothing to worry much because their are many investors now that supporting the bitcoin and make it a valuable coin.

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August 20, 2017, 07:05:01 AM
 #912

yes iff no need money in real life keep btc make trading exchange for up youre btc
long time btc give you very good rewards
8 years ago when btc appears was 2$ now is 4k soo make calculation ith only 2k$ investing in 2010 now you got 4 million poor to rich guy in 8 years

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August 20, 2017, 09:43:05 AM
 #913

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

Come share your thoughts

There are a lot of reasons on why people tend to store their bitcoin on their wallet for a long time. Maybe because there are series of pumps happening and it would not be a good idea to get your bitcoin right away. Some store it because they are waiting till the value of bitcoin is high enough for their satisfaction. Having long term investment will surely give you a high reward after waiting for long time. So if I were you, I would think wisely in investing or spending my bitcoin.

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devil jin
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August 20, 2017, 09:48:17 AM
 #914

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 many people store their bitcoin for a long time because the price of bitcoin is continually rising. I've witnessed it myself that investing in bitcoin for a long time would be very beneficia. It can make you rich right away only if you are wise on your decisions with bitcoin. Imagine having your bitcoin kept for a long time then getting it out after, it would really be large. Bitcoin's price today is way too different from it's price way back many years so those who have kept some of their bitcoins will surely benefit today.

terbetet
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August 20, 2017, 09:56:58 AM
 #915

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

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On my own expriences with bitcoin, I find it more beneficial if you will store your bitcoin for a long time while waiting for it's value to grow larger than ever. Bitcoin's price is rising continuously and we all want to be rich and here and get more money by investing in bitcoin. All it takes is patience. Sometimes, we make bad decisions because we are too impatient. Good things take time. I've experienced a lot of good things because of being patient and I know it would also be applicable with bitcoin.

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August 20, 2017, 10:02:18 AM
 #916

I think the benefit of saving bitcoin for a long time is really big and good, imagine if you saving your bitcoins 3-4 years ago until today. You will gain massive profit here because the price of bitcoin is really huge increase than 3-4 years ago but it's more harder to do it right now because the price of bitcoin already high and we never know is the bitcoin price will increase like before or not.

Magic Sarap
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August 20, 2017, 10:41:19 AM
 #917

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

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They are storing and holding their Bitcoin to make profit out of it. They are waiting until its price increase as years are passing by. But it won't be as easy as everyone is thinking. There'll be dumps and pumps as time passes by. They will compel intoholding their bitcoins despite if backdrops take place. And they won't sell it in a sudden for a small pump on Bitcoin's price. People who are holding their Butcoin despite of this circumstances surely are patient.

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ladydark
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August 20, 2017, 11:32:04 AM
 #918

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

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Actually,newbies get panic on seeing huge fluctuations in bitcoin price since that don't have enough knowledge about bitcoin price history.They get panic and sell their bitcoins immediately on seeing price dip and hence they are termed as weak hands.But,bitcoin investors who are in the field for years would have clear knowledge about bitcoin's potential and they clearly know that bitcoin price would surely rise in the future.So,they are not bothered about such price dips and they feel comfortable in holding their bitcoins in wallet itself for a long time.

daxiake
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August 20, 2017, 10:57:16 PM
 #919

I think the benefit of saving bitcoin for a long time is really big and good, imagine if you saving your bitcoins 3-4 years ago until today. You will gain massive profit here because the price of bitcoin is really huge increase than 3-4 years ago but it's more harder to do it right now because the price of bitcoin already high and we never know is the bitcoin price will increase like before or not.

Even if you failed to save your bitcoins till now it can be an learning experience for you and now you can start saving it for future as price of bitcoins will surely skyrocket in next few years so even after next couple of years if you manage to save at least 10 bitcoins your wallet then it will probably make you rich.
rodskee
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August 20, 2017, 11:03:16 PM
 #920

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 believe that way of saving the bitcoin, storing the bitcoin in wallet to get more income returns in the couples of months or maybe a year because as you can see now the bitcoin goes up the value price in the world in the crypto currency,

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