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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
sunsilk
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March 16, 2017, 07:28:39 PM
 #141

It's because they saw the effectiveness of saving for a longer term from those early adopters and investors.

And it's really attractive to do so, imagine that you just need to be patient and will do nothing but to wait as the price will automatically increase.

That's why many are holding their bitcoins for so long.

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March 16, 2017, 07:37:41 PM
 #142

It's because they saw the effectiveness of saving for a longer term from those early adopters and investors.

And it's really attractive to do so, imagine that you just need to be patient and will do nothing but to wait as the price will automatically increase.

That's why many are holding their bitcoins for so long.

Even if you are not an early adopter of bitcoin and have entered the community recently you can still afford to buy them and hold for coming years as price will be definitely higher in future so if you have plan to hold it for a long term then you can buy them even at the current price and if you already manage to have good amount of coins then its better to use some of them in trading to grow them on short notice.

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CODE200
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March 17, 2017, 03:33:39 AM
 #143

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.


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carlfebz2
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March 17, 2017, 03:49:38 AM
 #144

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
In short saving does really have an important role in terms of emergencies because anytime you could able to get money if you do really badly need it and thats the purpose of savings and together with bitcoin which we know its price inflates we do make good profits but we should know that it do also decreases thats why it depends on when to cut our loses and securing our profits.

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darthmaul
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March 17, 2017, 04:13:47 AM
 #145

It is just another trading platform, only the difference being strong contestant in the market. Bitcoin holds ability to overcome your loss! Take a live example, bitcoin yesterday had BTC = $ 1219 maximum wave when I had $ 18.24 worth of bitcoins in my wallet. Today BTC has fallen to $ 1121 which on my scale is big difference and I have only $15.02 in my current wallet. But still I will not do anything but I will add more bits today because I trust bitcoin so much that it will go up $ 1200 for sure. This will gain me more profit.

Most of the people are doing same, the outcome is PROFIT. And moreover as the more people are investing in bitcoins more it gains value. This leads to equality in shares and we all get more profit out of it.

Saving it long time will benefit more because who knows it might hit $2000 horse race! :-)
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March 17, 2017, 04:18:22 AM
 #146

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
Wow it looks like the price of bitcoin is falling into the bottom value. and i think it's not good just keep your bitcoin on your hand and become a spectator to how the market goes.

In this time to keep your amount is very not recommended act.

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March 17, 2017, 04:55:25 AM
 #147

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

Come share your thoughts


People buy bitcoins in a low prices and stored them in their wallets and wait for the price to increase, when the price of bitcoin reaches high and they think this is the right time to sell their coins so they sell their coins and get profit.
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March 17, 2017, 10:29:59 AM
 #148

It's because they saw the effectiveness of saving for a longer term from those early adopters and investors.

And it's really attractive to do so, imagine that you just need to be patient and will do nothing but to wait as the price will automatically increase.

That's why many are holding their bitcoins for so long.

Even if you are not an early adopter of bitcoin and have entered the community recently you can still afford to buy them and hold for coming years as price will be definitely higher in future so if you have plan to hold it for a long term then you can buy them even at the current price and if you already manage to have good amount of coins then its better to use some of them in trading to grow them on short notice.

Yes I know that I can still afford to buy them but it is really big amount for me and right now I manage to be patient and just stay with my trading career.

And when I'm earning with trading, I manage to save my profit on it. Because I know that saving for a longer time will be beneficial to me.

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March 17, 2017, 10:38:55 AM
 #149

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 one thing is sure about bitcoin is that with time it's supply going to be reduced, loss of bitcoin for whatever reasons will add to shortage of bitcoin.
If the demand keep rising or remain constant like it is at present, then bitcoin price will touch the sky.
In such a scenario, anyone having even a single btc would be a millionaire.
That is the reason people hold bitcoin.
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March 17, 2017, 11:07:25 AM
 #150

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 is very important if your here in bitcoin industry you need to do some sort of things or segregate things when you are earnings bitcoin. Then its up to you if the 20% of your earnings will goes to your bitcoin savings, and storage it into yor bitcoin wallet, then another 25% of your earnings goes to trading, if you do trade, another 35% of your earnings goes to your expenses alowances, then 15% its up to you where you gonna use it. This is just an exmaple how to manage or handle your bitcoin profit. At least you have savings you can do for the future.

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March 17, 2017, 12:02:42 PM
 #151

certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up, so yes it looks like it is a good investment for the long term.
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March 17, 2017, 02:53:41 PM
 #152

People buy bitcoins in a low prices and stored them in their wallets and wait for the price to increase, when the price of bitcoin reaches high and they think this is the right time to sell their coins so they sell their coins and get profit.
And then they will regret when they do see prices keep increasing after they sell their bitcoins ? We should not forget to consider the real benefits of holding bitcoins for longer haul. Just buying low and selling high, will not get you any big benefits as it will not have any major differences from stock trading.

certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up
No, holding bitcoins definitely has same level of risks what you are having everywhere else. But when you are finding bitcoin prices are falling down, all you need to do is just waiting. We can see always bitcoin prices are bouncing back to get you profits.

yes it looks like it is a good investment for the long term.
In short term also you can make profits, but in long term not just profits, bitcoin investments will make you millionaire too.
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March 17, 2017, 04:10:14 PM
 #153

certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up, so yes it looks like it is a good investment for the long term.

Yes, exactly, it is a good investment for long term, many bitcoin holders that can prove that, they hold coins for years and now they got double of it, all we need is to be patience on waiting.

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whizter
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March 17, 2017, 07:58:55 PM
 #154

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

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We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
although it is really very difficult to predict about the price of bitcoin but still i will like to say that there are so many means through which we can find out and can predict about the price of bitcoin.

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Silberman
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March 18, 2017, 02:23:01 AM
 #155

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

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The easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years.
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March 18, 2017, 03:18:59 AM
 #156

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

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When I got a bitcoin in my wallet i will not exchange it for the dollars because in market the trading of bitcoin and dollar are not stable. There's a time that bitcoin become high and become low. If I have a bitcoin I wait a trading that is high to exchange in dollars. Your aiming is to get a lot of money so you need to wait long until the transaction of trading become higher.
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March 18, 2017, 04:34:57 AM
 #157

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
although it is really very difficult to predict about the price of bitcoin but still i will like to say that there are so many means through which we can find out and can predict about the price of bitcoin.
In this time bitcoin isn't a good place to save our money for the long-term investment. because the market chart is really terrible. Over $100 in a day and i don't think if it will be a good choice for us just keep our money into the bitcoin form. With HF in the future and the price of bitcoin will alwaysdrop.

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March 18, 2017, 05:53:25 AM
 #158

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
but at least we know what the future will be bright as many people ensure the progress and development of the bitcoin and bitcoin prices will be higher in the future. so I think you can save and earn a profit by saving bitcoin
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March 18, 2017, 06:09:38 AM
 #159

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

Come share your thoughts

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.
but at least we know what the future will be bright as many people ensure the progress and development of the bitcoin and bitcoin prices will be higher in the future. so I think you can save and earn a profit by saving bitcoin
Probably because right now it takes longer time for Bitcoin to grow compared to the early years of Bitcoin in which can easily double or even triple your money. Right now with its price range of Bitcoin is relatively to high to have a growth that is fast. The key for it to grow more is a government's acceptance therefore creating more demand for it. That is why many people are holding there Bitcoin for its anticipation.

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March 18, 2017, 06:16:08 AM
 #160

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.

But at this point of time, keeping your bitcoins is not advisable due to the problems with consensus. The exchanges have stated their opinion on this matter and they have accepted the fact that there will be no consensus that will happen. Thus there is a possible split in bitcoin so bitcoin will now become two, the first is BTC for the core developers and BTU for bitcoin unlimited. Saving bitcoins in the wallet as of now is not a good idea but rather let us sell our bitcoins temporarily and wait for any good news that will bring another rise to the bitcoins price.
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