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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
Natalim
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March 15, 2017, 07:42:36 AM
 #121

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.
It's appropriate to call it as investment because possibilities to lose is still there, regardless on how many number of bitcoins you are holding in the future but if the price will fall, it will still not be worthy. This is an investment that we believe will give us great return as we are basing on the past result, we've seen the success and fall of bitcoin but still we are optimistic, hope our faith in bitcoin will pay off at the right time.




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March 15, 2017, 08:42:17 AM
 #122

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future
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March 15, 2017, 01:25:03 PM
 #123

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 is a big benefit you can get if you keep your coin for a long period of time. Because the thousand you invested unto it at the right time to sell your holdings will become a total millions of selling in the market. Wink

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March 15, 2017, 02:14:55 PM
 #124

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future
Those who holds and have a lot of bitcoin at the end of the day will become the winner of this game because they are ones who will be one of the happiest investors that harvesting their investment profits. Long term is always the best and if you have faith in bitcoin then saving or keeping bitcoin for a long term is just an easy task.

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March 15, 2017, 02:58:19 PM
 #125

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future
Those who holds and have a lot of bitcoin at the end of the day will become the winner of this game because they are ones who will be one of the happiest investors that harvesting their investment profits. Long term is always the best and if you have faith in bitcoin then saving or keeping bitcoin for a long term is just an easy task.

Unless bitcoins become worthless or there is a hard fork and people move to the fork or if bitcoins become hackable, then in the future bitcoins will for sure be useless and people will move to better things. Well that will seems to be in the far future. So there would be plenty of time to invest, save and hold you bitcoins and be profitable in the next five to ten years.
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March 15, 2017, 03:15:37 PM
 #126

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future

Store the bitcoins for future, it is good but you should take care and look after the bitcoin's price, than in future you get a good profit from your bitcoins. I mean should save bitcoins, but not too long time. Because it is no guarantee that bitcoin live long life, even i believe on bitcoin, but i also afraid of it. That's why i store my bitcoins and also i am look after the bitcoin's price.

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bitcoin
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March 15, 2017, 11:24:50 PM
 #127

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

Come share your thoughts


It's very simple because most of the bitcoin millionaires and billionaires / bitlionaires right now did bought thousands of bitcoin and stored it for a longer time. And the demand of bitcoin each year is getting higher and higher which is attracting investors to come. It's a normal thing if you will hold for a longer time because the price chart is uprising since the beginning.
If you are old bitcoin holder and holding a lots of bitcoin you can be rich because the value of bitcoin before compare to the present price is too high.. i heard that bitcoin price before is $10 until 2013 that i heard that  bitcoin was increase and touch to $1k value and now down to $300 until to increase into good price until we touch back to $1k plus value and i feel that we can stay here for too long..

Though I'm not an old bitcoin adopter and bitcoin holder but I know those people know that are just speculating here on forum holds a lot of bitcoin are certainly rich already. I just saw bitcoin good at the price of $500 and I didn't expect that bitcoin is going to go this far that's why that gave me an interest that holding will be beneficial to all of us.



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Rainbot
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March 16, 2017, 12:06:41 AM
 #128

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 stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.

Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future

Store the bitcoins for future, it is good but you should take care and look after the bitcoin's price, than in future you get a good profit from your bitcoins. I mean should save bitcoins, but not too long time. Because it is no guarantee that bitcoin live long life, even i believe on bitcoin, but i also afraid of it. That's why i store my bitcoins and also i am look after the bitcoin's price.

Yeah and its always good to sell bitcoins when price is higher and allowing you to make profits instead of holding too long as you never know when price can go down in coming days and you always have an buying opportunity when price drops as bitcoin is full of ups and downs so you need to take advantage of its volatility instead of keeping them simply idle in wallet.
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March 16, 2017, 12:57:54 AM
 #129

of course,saving bitcoin will give you benefit  you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
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March 16, 2017, 01:06:21 AM
 #130

of course,saving bitcoin will give you benefit  you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?

Price is getting higher at a moment and in future it will be much higher and it will depend on individual's need that when he is planning to sell his bitcoins as different people will be having different target price in their minds so once if it reaches there should not be any hesitation in selling them and grabbing the profits as holding too long can also be risky as price can even go down in future.



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March 16, 2017, 02:23:22 AM
 #131

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

Come share your thoughts

When bitcoin came out in 2009 did little to support and invest here. And maybe buy that few are impatient to wait a long time to hide their bitcoin. And others sold them cheap rates. And now more concerned because they do not wait for the day that would be 1,300$ a bitcoin. And to know many still do not sell their holdings bitcoin. To get more profit.
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March 16, 2017, 02:36:09 AM
 #132

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

Come share your thoughts

When bitcoin came out in 2009 did little to support and invest here. And maybe buy that few are impatient to wait a long time to hide their bitcoin. And others sold them cheap rates. And now more concerned because they do not wait for the day that would be 1,300$ a bitcoin. And to know many still do not sell their holdings bitcoin. To get more profit.

People who got panic and sold their coins when price went down would be surely regretting at this stage for not having patience and holding their bitcoins longer if they would have hold their coins then the results would be different for them and would have great profits if they would have sold even at current price so its always good to save certain amount of bitcoins for future.
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March 16, 2017, 10:15:51 AM
 #133

Yes I agree for long time, if I bought 1000 btc a year a ago, when it was priced at $220, then I sell with right now price, I will get profit 1000x1000 = 1000,000 dollars. of course I will not have to work and could buy a apartment and a new car.
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March 16, 2017, 10:55:26 AM
 #134

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

Come share your thoughts


Many people thinks that the price of bitcoin will go even higher. It's like saving in a bank but there's much higher interest or profit. Because, the time people decided to keep their bitcoin in their wallet, it is also the time that they are willing to take the risk whether bitcoin will inflate or deflate. And also people uses bitcoin as an exchange or payment for transactions. There will be less hassle rather than going to a bank or money transfer to complete the transaction process.

One more point why many people store bitcoin in their wallet is that they have an assurance that bitcoin will soar higher in the future. 

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March 16, 2017, 11:51:27 AM
 #135

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

Come share your thoughts


Many people thinks that the price of bitcoin will go even higher. It's like saving in a bank but there's much higher interest or profit. Because, the time people decided to keep their bitcoin in their wallet, it is also the time that they are willing to take the risk whether bitcoin will inflate or deflate. And also people uses bitcoin as an exchange or payment for transactions. There will be less hassle rather than going to a bank or money transfer to complete the transaction process.

One more point why many people store bitcoin in their wallet is that they have an assurance that bitcoin will soar higher in the future. 
Yes many people hold coins in their wallet to make double profit. Everyone is waiting to hit Bitcoin price 2000$ then they will get double profit. For this reason, many people are holding coins, and some people will use coins to spend their daily needs. Means they will pay all bills through Bitcoin and they do online shopping with this bitcoin. They sure that bitcoin will not fall again that is why they are holding coins. Once the price goes down, then everyone will sell coins.
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March 16, 2017, 12:05:55 PM
 #136

if you going to buy bitcoin now then keep it, you should wait till the price going down for a while , i think bitcoin is no more a benefit of saving anymore .

           
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March 16, 2017, 03:28:07 PM
 #137

if you going to buy bitcoin now then keep it, you should wait till the price going down for a while , i think bitcoin is no more a benefit of saving anymore .
How can you say that there is no benefit in saving bitcoins, just because the price was high? Nah, I doubt that because even though the price now is very high we could still earn profit by holding or saving it because bitcoin is very volatile to its price and if we talk long term basis then it will be more profitable because long term saving for bitcoin always goes well.

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March 16, 2017, 07:02:06 PM
 #138

The continous increasing of its price proves that Bitcoin is a good investment, from other side, People are afraid of the price volatilty, but when Bitcoin becomes less volatile, more people will turn their attentions to it, and it will becomes a good store of value.

If bitcoin become stable and scalability issue is fixed,
When is the scalability issue getting fixed? The bitcoin dev drama just hurt the bitcoin itself and if there will the hardfork in the future and it will give bad impact for the bitcoin itself and it's really hard. This is about finding the best solution about the scalability of bitcoin.  just try to fix the scalability with the random solution and it will kill the bitcoin.
If everyone support whatever consensus result is, it won't matter whether it will be SegWit or bitcoin unlimited.
As long as this problem could be solved, because the longer we wait then bitcoin transactions become more expensive and slower.
Or else, we stuck on this problem until community decide that.
I still believe bitcoin as savings for long term is a best option, but for now bitcoin has lost some of its advantages which lead to the price constantly decrease, well we hope this issue will end asap.
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March 16, 2017, 07:07:05 PM
 #139

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 question is so simple that can be summed up in one word:

deflation.

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March 16, 2017, 07:18:06 PM
 #140

If you look at the entire journey of bitcoins then one thing you will notice that the price has kept on increasing over a period of time and that is the reason people prefer to save their coins for long term hoping that price will be even higher in next couple of years and we have witnessed the same thing in last few months as price is not the same as it was 6 months back and we can expect the same thing in next few months or years too.

          
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