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Isaacck1
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August 20, 2017, 11:35:32 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Some people are storing bitcoins because it has a chance of getting higher, since we all know bitcoin's value is getting higher nowadays. I think you know this, but if you remember the history of the prices of bitcoin, those who spent their btc's 5 years ago felt regret. Those people probably don't want to happen that to them again. We all know here that its not in its best price yet, that's why we save. |
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TribalBob
Sr. Member
 Offline
Activity: 1288
Merit: 257
Chainjoes.com
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August 20, 2017, 11:45:33 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Some people are storing bitcoins because it has a chance of getting higher, since we all know bitcoin's value is getting higher nowadays. I think you know this, but if you remember the history of the prices of bitcoin, those who spent their btc's 5 years ago felt regret. Those people probably don't want to happen that to them again. We all know here that its not in its best price yet, that's why we save. Yeah and the holders of bitcoins will never be satisfied with the price of bitcoins as they will keep on looking for higher and higher price as most of the users wanted to sell their coins when price reaches to $4k but I am sure that they have not sold their coins and now they would be waiting to sell their coins at $5k price and the journey continues. |
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Glorypaasa
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August 21, 2017, 12:27:02 AM |
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I think people store their bitcoin is becuase bitcoin is volatile . all of us want a high income . they store they bitcoin is becuasee they want a high profit theyre waiting for the right time that bitcoin price is so very high.
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Sled
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August 21, 2017, 12:38:25 AM |
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I think people store their bitcoin is becuase bitcoin is volatile . all of us want a high income . they store they bitcoin is becuasee they want a high profit theyre waiting for the right time that bitcoin price is so very high.
That is we all wanted, a high profit from bitcoin and we can get that if we are going to store a lot of bitcoins in a safe storage like paper wallet or for much better, a hardware wallet. Because of the volatility of bitcoin and the chart seems signalling that it is going to the top always then the investors are believing that and they are just holding their bitcoin until to their target top. |
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Pepito Manaloto
Full Member
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Activity: 377
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MenaPay - Crypto made easier than cash
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August 21, 2017, 12:54:28 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
They hold their Bitcoin so that the profit that they will earn in the future will be bigger because the market price of Bitcoin increases from time to time. They compel holding it through backdrops and deflations because they want their earning to grow and they are awared that after dumps, there'll be dumps eventually as what often happens. |
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shursight
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August 21, 2017, 12:59:20 AM |
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Well man this is so simple, if you buy a bitcoin today at 4 thousand dollars each, you will probably hold it until it reach a higher value, and then you sell. This is what most people do, and i am doing.
Its just speculate with the price, buy low and sell high, like everyone does with bitcoin or just with altcoins.
The only benefit we get is more profit in the future, so simple
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SacriFries11
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August 21, 2017, 12:59:59 AM |
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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 they only believe that the bitcoin they stored can give then lot of benefits in the future and look at they now it's price continue to increase day by day. If they stored bitcoin a year ago, I know that it gives them much profit today. They target for there bitcoin as long term investment. I also wondering for users that buy some bitcoin in early stage of bitcoin, I think they all millionaires now. Those people are really believe in power of bitcoin. Good for the investors and users who buy and believe in bitcoin years ago and Bad for those people that ignored bitcoin at that time. |
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TIDOVEE
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August 21, 2017, 01:10:28 AM |
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what will be the intention of most people who keep bit coin for long is, having higher yield. only a few will simply keep it for saving sake. but anyone who keeps it for the yield should know the price may also drop.
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ladydark
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August 21, 2017, 02:52:19 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Actually,only altcoins are bought in a short term basis due to their high volatile nature.But investments are made in a long term basis to get benefits as in a short period of time,bitcoin would not give that much benefit.Thats why most bitcoin holders don't bother about the short time price fluctuations and they feel comfortable to just hold their bitcoins. |
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ethereumhunter
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August 21, 2017, 06:37:11 AM |
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saving bitcoin for a long time will give us benefit, we know if we buy bitcoin at $4000 and we save for 1 years and in that years, the price is increase at $5000, we will make $1000 profit. but no one will know if this will be like i write here or not but one thing that i only know saving bitcoin is really work like what i am save in 2016 until now. but i won't selling now because i want to see the price is higher and then maybe i will sell it.
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Kersh768
Sr. Member
Offline
Activity: 658
Merit: 256
Freshdice.com
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August 21, 2017, 06:42:19 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
For the simple reason that they want their profit to be bigger in the future. Since Bitcoin's market value is increasing as years are passing by, they will hold it in the prrsent where its price is not that high, and will sell it in the future where its value increased way far from its price since the user bought it or started holding it. |
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danjonbit
Full Member
Offline
Activity: 364
Merit: 101
DanJoN
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August 21, 2017, 06:45:47 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Same as me, i am storing and investing bitcoin in a wallet on this time, because for sure bitcoin will go up high in coming days weeks months or even years, but we dont know that if it is possible, so for i do have a lot of trust in bitcoin and its future.😎 |
THE GREAT DANJON HIMSELF !
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sandrun
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August 21, 2017, 11:02:11 AM |
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I think they will get a lot of benefits from storing bitcoin for a long time. Always rising bitcoin prices make us get a lot of profit. You do not have to work hard to earn money. Just by storing bitcoin only. The longer you store bitcoin the more money you will have. It's because of the demand of bitcoin a lot and makes the bitcoin price go up. If we look at bitcoin prices from year to year rise significantly. This is your time to invest bitcoin in order for you to earn money
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OrangeII
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August 21, 2017, 11:10:38 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Same as me, i am storing and investing bitcoin in a wallet on this time, because for sure bitcoin will go up high in coming days weeks months or even years, but we dont know that if it is possible, so for i do have a lot of trust in bitcoin and its future.😎 I also, like many things I believe in bitcoin, so I started investing in the long run in the hope that it will give me a considerable profit in the future, and I am sure it will happen. |
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kuryadi
Full Member
Offline
Activity: 182
Merit: 100
Buglab.io
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August 21, 2017, 11:25:09 AM |
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Bitcoin just like gold .. the longer you save it the greater the profit you will get. Bitcoin prices are very volatile and often change. This is where people usually take advantage of bitcoin. They buy bitcoin on the cheap then save it and wait for bitcoin prices to go up. You just need to be patient and not emotional. You must be sure the bitcoin price will go up as you imagine. You will benefit a lot if you do that.
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Sled
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August 21, 2017, 01:10:14 PM |
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Bitcoin just like gold .. the longer you save it the greater the profit you will get. Bitcoin prices are very volatile and often change. This is where people usually take advantage of bitcoin. They buy bitcoin on the cheap then save it and wait for bitcoin prices to go up. You just need to be patient and not emotional. You must be sure the bitcoin price will go up as you imagine. You will benefit a lot if you do that.
That is the right mindset for the every investor that we have in bitcoin. They need to think that bitcoin is also best for long term like the gold that we have right now and if they are going to keep it for long term then they will earn a lot of money also like the people who invested in gold for more than decades. |
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LeoEspansq
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August 21, 2017, 01:17:38 PM |
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Of course bitcoin is better for long-term storage in order to earn as much money as possible at a price increase, but if you really need money, it can also be used for short-term investments.
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Theb
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August 21, 2017, 01:40:43 PM |
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Of course bitcoin is better for long-term storage in order to earn as much money as possible at a price increase, but if you really need money, it can also be used for short-term investments.
Its not how long you hold your Bitcoin in order to earn more from your Bitcoin, but it is about what price did you bought your Bitcoin and what price did you sell your Bitcoin. For example Bitcoin 1 week before August 1 dropped at 1800$ but after August 1 the prices skyrocket to above 3000$, did you get what I mean? Prices are more important than how long you are holding it. |
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matanglawin
Full Member
Offline
Activity: 372
Merit: 100
The Organic Growth Token
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August 21, 2017, 01:50:09 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Just because they want to make money in the future. They are storing it because they are awared that its vakue increases from time to time and as years are passing by. Bitcoin's value increases as its demand rises and since the demand is continuously growing at this moment, they are expecting that Bitcoin's price in the future will be more expensive than its current price. |
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santiPOGI
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August 21, 2017, 02:13:44 PM |
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my wallet can pay bills ... send loads..
i leep my BTC there because it has currency converter of PHP to BTC and BTC to PHP..
which is fun.. i can see the BTC value is dumping what i will do is cconvert all to php then afterwards a few hours i will buy btc using php then it earn!!!
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