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Author Topic: bitcoin benefit of saving for a long time?  (Read 81779 times)
Theb
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August 21, 2017, 01:40:43 PM
 #941

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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1566168271
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matanglawin
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August 21, 2017, 01:50:09 PM
 #942

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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August 21, 2017, 02:13:44 PM
 #943

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..
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August 21, 2017, 04:09:36 PM
 #944

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 hope that you got your answer with the past weeks, we hold because the earnings we get by doing nothing are amazing there is no other investment that you can make that gives to you these profits with such ease.

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August 21, 2017, 05:51:18 PM
 #945

I agree with the person who keeps the bitcoin in their wallet. Because if the high bitcoin price we can sell it and we will definitely benefit a lot. Cheesy

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August 21, 2017, 06:00:29 PM
 #946

Saving with bitcoin is of course beneficial as its price is increasing fay by day it will be very much profitable and one can earn more if a person is holding the coin in wallet for long period of time.
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August 21, 2017, 06:02:55 PM
 #947

Saving with bitcoin is of course beneficial as its price is increasing fay by day it will be very much profitable and one can earn more if a person is holding the coin in wallet for long period of time.
I completely agree with you, especially if a person has material stability and therefore to save Bitcoin for him has a real conclusion and a good end result. But is there today for some cryptocurrency This is the only way to earn an income, the spending Bitcoin are quite predictable. How then can you save to save Bitcoin for the future?
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August 21, 2017, 08:30:40 PM
 #948

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.
the last thing you said my afraid the holders but trust me price never drop to much that the investments of investors gone, this drop only happen for a week due to buyers, when buyers buy the bitcoin in the low price then the time for sellers will come price become very high and they sell their bitcoins r deposit the bitcoin. So I advise long term holder to not afraid.

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stergium
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August 21, 2017, 09:01:17 PM
 #949

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.
the last thing you said my afraid the holders but trust me price never drop to much that the investments of investors gone, this drop only happen for a week due to buyers, when buyers buy the bitcoin in the low price then the time for sellers will come price become very high and they sell their bitcoins r deposit the bitcoin. So I advise long term holder to not afraid.
yes that is right to say that it is depending on the interest of the people when the interest of the people is increasing then the price also continue to increase because people try to buy bitcoin but when they start selling for the purpose to book profit then the market take a correction and we see the price start getting down for a while so we need to recognize the right time to buy or sell bitcoin.
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August 21, 2017, 11:14:12 PM
 #950

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.
the last thing you said my afraid the holders but trust me price never drop to much that the investments of investors gone, this drop only happen for a week due to buyers, when buyers buy the bitcoin in the low price then the time for sellers will come price become very high and they sell their bitcoins r deposit the bitcoin. So I advise long term holder to not afraid.
yes that is right to say that bitcoin price is not expecte do  drop so much but it will continue increasing for a long time therefore holding bitcoin is a good choice.
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August 22, 2017, 05:54:35 AM
 #951

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.
the last thing you said my afraid the holders but trust me price never drop to much that the investments of investors gone, this drop only happen for a week due to buyers, when buyers buy the bitcoin in the low price then the time for sellers will come price become very high and they sell their bitcoins r deposit the bitcoin. So I advise long term holder to not afraid.
yes that is right to say that bitcoin price is not expecte do  drop so much but it will continue increasing for a long time therefore holding bitcoin is a good choice.
It might drop or it might go up again, there is no sure move for bitcoin because all the things are only dependable to the news and from the emotion of the people around the market. So if you are going to believe that bitcoin will go up then just keep saving and adding more bitcoin to your balance but if you don't believe in bitcoin then you should just need to stay away from bitcoin.
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August 22, 2017, 06:36:26 AM
 #952

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 will benefit on saving and holding their Bitcoin for a long time because its value increases over time. Bitcoin's value before is around 600$,  it is now priced at 4000$, which is such a big increase. And that's the reason why there are people that holds their Bitcoin even if backdrops oftenly happens. They want to make profit in the future by just storing it in their wallets.

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August 22, 2017, 06:45:10 AM
 #953

The motivation behind why it is smarter to store your Bitcoin for quite a while on the grounds that it is less unsafe contrasted with an online exchange. But then, I think in light of the fact that as we encounter Bitcoins cost turns out to be high step by step so there's a plausibility that its esteem wound up plainly tremendous sooner rather than later.
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August 22, 2017, 06:57:14 AM
 #954

The motivation behind why it is smarter to store your Bitcoin for quite a while on the grounds that it is less unsafe contrasted with an online exchange. But then, I think in light of the fact that as we encounter Bitcoins cost turns out to be high step by step so there's a plausibility that its esteem wound up plainly tremendous sooner rather than later.

In addition to the skyrocketing price I also see that I am still at the beginning of bitcoin development, I do not want to be late and take all the opportunities that exist, I want to understand a lot before this coin is applied widely and legally all over the world, Free market with high trading volume is enough to make sure I keep it for the long term.

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August 22, 2017, 07:45:11 AM
 #955

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.
the last thing you said my afraid the holders but trust me price never drop to much that the investments of investors gone, this drop only happen for a week due to buyers, when buyers buy the bitcoin in the low price then the time for sellers will come price become very high and they sell their bitcoins r deposit the bitcoin. So I advise long term holder to not afraid.
yes i agree instead drop down so hard , it will bounceback later. just the matter of time.

bitcoin always make people regret , don't do the same mistake again and again. the demands keep growing so quick and it is a strong reason why the price will not go down. unless if there is a critical news about how bitcoin could gonna die and people withdraw their investment in panic sitiation , so far i can not see it.
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August 22, 2017, 07:52:22 AM
 #956

The motivation behind why it is smarter to store your Bitcoin for quite a while on the grounds that it is less unsafe contrasted with an online exchange. But then, I think in light of the fact that as we encounter Bitcoins cost turns out to be high step by step so there's a plausibility that its esteem wound up plainly tremendous sooner rather than later.

In addition to the skyrocketing price I also see that I am still at the beginning of bitcoin development, I do not want to be late and take all the opportunities that exist, I want to understand a lot before this coin is applied widely and legally all over the world, Free market with high trading volume is enough to make sure I keep it for the long term.

Everyone expects the bitcoin price to be always bumping in the chart and expecting of adoption and legalization everywhere in the world. Likely Japan even my country should move with bitcoin and make some changes in the financial implementation for the country's growth.
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August 22, 2017, 09:55:32 AM
 #957

The motivation behind why it is smarter to store your Bitcoin for quite a while on the grounds that it is less unsafe contrasted with an online exchange. But then, I think in light of the fact that as we encounter Bitcoins cost turns out to be high step by step so there's a plausibility that its esteem wound up plainly tremendous sooner rather than later.

In addition to the skyrocketing price I also see that I am still at the beginning of bitcoin development, I do not want to be late and take all the opportunities that exist, I want to understand a lot before this coin is applied widely and legally all over the world, Free market with high trading volume is enough to make sure I keep it for the long term.

Everyone expects the bitcoin price to be always bumping in the chart and expecting of adoption and legalization everywhere in the world. Likely Japan even my country should move with bitcoin and make some changes in the financial implementation for the country's growth.


Why is that, because it is all the demands of the development of the era, especially with the admission in a large country and advanced like Japan then other countries should also have started to circulate the existence of bitcoin as a means of payment of legitimate
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August 22, 2017, 10:16:49 AM
 #958

In my opinion, there is no need to doubt people to keep it for future profit. Now people have started to invest in the world of crypto.Can we see from bitcoin prices from time to time continue to increase, although the fluctuations are very terrible.

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August 22, 2017, 11:16:20 AM
 #959

In my opinion, there is no need to doubt people to keep it for future profit. Now people have started to invest in the world of crypto.Can we see from bitcoin prices from time to time continue to increase, although the fluctuations are very terrible.
that fluctuations will allow us to take advantage buying in a much cheaper value then hold for much longer time as bitcoin will really rise up in terms
of its value in a long goal investment, saving for your future would be the right idea when investing with bitcoin,. its already been proven by those
early holders.
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August 22, 2017, 11:31:07 AM
 #960

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

Come share your thoughts

Usually newbies who don't have enough knowledge about bitcoin get panic on seeing even some price dips and they sell immediately their bitcoins at cheape price to the hands of big whales,that's why,they are termed as weak hands.But those people who are in this bitcoin market from the beginning for years are well aware of bitcoin's price movement and its potential as well.They have already such price dips followed by immediate recovery of bitcoin.They have already seen that even if bitcoin price falls after a rise,it settles in a newer price which is mostly above than its previous price.By this way, we could see that bitcoin price is constantly increasing in a long term basis.So,they just wish to continue to hold their bitcoins in their wallets itself for a long time despite its price falls in short terms.
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