bitcoin benefit of saving for a long time?

[uneng]

Everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users.

We can not say this for sure, the demanda is coming from the people instead of that, we need to expose bitcoin to everyone not exceptance. If people follow this, I am sure the demand will increase rapidly and soon the halving time is near. This is really benefit for us in a long term, but still it is just prediction and worth to try

Can you? With the scalability problem and looks like very risky for you to introduce the bitcoin to the unfamiliar person. i can say they will judge the bitcoin itself caused by the scalability problems makes the transaction really slower.
Don't too rush for introduce the bitcoin right now.

This problem is temporary, a great currency like bitcoin can't finish because a problem like this. Everything has solution, it's not different with bitcoin. I trust bitcoin and I know there will be a solution very soon.
The unfamiliar persons are coming slowly, at this moment it's the best as we can't have many bitcoin users at same time because the issue you said above.

[Silberman]

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 benefit are obvious aren't they? by holding your bitcoin become more valuable, and without doing nothing you could be rich!, what you want more than this? only gold offer this same thing but gold is going anywhere anymore, bitcoin has a very potential to go 10x or 100x in 10 years, i'm all for bitcoin

Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.

You are correct but at the same time the biggest hurdle seems to be in the way of bitcoin we need to somehow take a decision about what solution to the scaling problem is going to be chosen if there is a hard fork you can be sure the price is going to crash.

[Zooplus]

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 benefit are obvious aren't they? by holding your bitcoin become more valuable, and without doing nothing you could be rich!, what you want more than this? only gold offer this same thing but gold is going anywhere anymore, bitcoin has a very potential to go 10x or 100x in 10 years, i'm all for bitcoin

Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.
In 2009 you could buy lots of Bitcoin for $1 and in 2013 price was above 1000$ for one Bitcoin only.

You are correct but at the same time the biggest hurdle seems to be in the way of bitcoin we need to somehow take a decision about what solution to the scaling problem is going to be chosen if there is a hard fork you can be sure the price is going to crash.

If you believe that bitcoin is worth saving as your long term investment then you should not believe in hard fork. Check out the price currently,
after it dump it started to recover now, that means it's strong asset and many still believe that it will continue to progress.

[Dart18]

When you look at the graph on how bitcoin price increase from a small amount to this now, you could tell why.

[posternat]

Its very natural to dump the coins when they want to sell it just to make profits especially newbies. Still bitcoin benefit of saving for a long time just like we have achieve this year the ATH and it is possible to make another for the rest of the months...

I think all the users already know that bitcoin hold them within a certain time to make their profit. so do I.
I keep bitcoin in a certain time to profit

Yes everyone knows this thing for sure. Most of us are here to invest our collected coins because we can see that saving bitcoin if beneficial and will make you reach your dreams, and helps your financial problems.

[kenesu]

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 me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.

[Ziskinberg]

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 me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.

That will only be a good plan if you are specific with it, we have different perception on a high price but you need to ensure that you will make a right plan to sell when you the price hit at the specific figure. You know what, this is the common problem of long term investors, they always seek for a high price until such time they will miss the time to sell and get frustrated.

[DoublerHunter]

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 me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.

That will only be a good plan if you are specific with it, we have different perception on a high price but you need to ensure that you will make a right plan to sell when you the price hit at the specific figure. You know what, this is the common problem of long term investors, they always seek for a high price until such time they will miss the time to sell and get frustrated.

Yes that is the common problem with long term investors they didn't have specific price for their sell offs and they just plan to hold their coin and expect everytime that the price will go even higher even it reaches its ATH price. If you are a long term trader make sure that you have a specific target price so you can avoid frustration and also regretting your move.

[PokerFace3]

Saving bitcoins for a long time have a major benefit. Suppose in 2010 the bitcoin price was $1 and now its $1040 so the investment has paid 1000 times and in only 7 years, where can you find a better investment than this??

Never mind about 7 years earlier, just a few months ago it was only about 700$ and it was able to get to nearly 1200$ in a really short time, so saving bitcoin is not only good on the long term but also on the short term if you really pick the best time to buy and sell, but also long time saving bitcoin may really work but we are not sure about the future of the bitcoin.

for me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.

But, surely they will get trapped one or other because no one could predict the exact higher prices of bitcoins. It will keep on increasing and they might miss them with their active trading.

[shield132]

Saving bitcoins for a long time have a major benefit. Suppose in 2010 the bitcoin price was $1 and now its $1040 so the investment has paid 1000 times and in only 7 years, where can you find a better investment than this??

Never mind about 7 years earlier, just a few months ago it was only about 700$ and it was able to get to nearly 1200$ in a really short time, so saving bitcoin is not only good on the long term but also on the short term if you really pick the best time to buy and sell, but also long time saving bitcoin may really work but we are not sure about the future of the bitcoin.

If we will discuss like that, than bitcoin is great for daily trading but only if you know when will be it's price high and when low. Problem is that bitcoin is so changeable, it's hard to determine in short time when to sell and that's why people prefer long term invest. That jump from 700 to 1200 was simply luckiest moment and that happened very quickly.

[DarkIT]

Saving bitcoins for a long time have a major benefit. Suppose in 2010 the bitcoin price was $1 and now its $1040 so the investment has paid 1000 times and in only 7 years, where can you find a better investment than this??

Never mind about 7 years earlier, just a few months ago it was only about 700$ and it was able to get to nearly 1200$ in a really short time, so saving bitcoin is not only good on the long term but also on the short term if you really pick the best time to buy and sell, but also long time saving bitcoin may really work but we are not sure about the future of the bitcoin.

so true. This is so exciting to save beberpa bitcoin in a long time. Well, do not look too far. maybe we can start from the beginning in 2016, perhaps at that moment bitcoin prices remained stable at $ 400, and this time, it costs almost $ 1100, it will be a very profitable investment.

[BingoDog]

Long term saving can increase the value of your coins. Bitcoin is the most profitable investment long term especialy if you are not skilled enough to cope with day trading which can be very profitable but also extremly risky. Holding your coins will return you multiple profit, just have to be patient.

[pinkpanther03]

Everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users.

Yes, true. Those people who had a strong belief in bitcoin, whether there is a fluctuation happen in the value of bitcoin they will continue to hold their coins actually. And I agreed it is considered as one of the side effect of the rejection of ETF but still no worries, because it will surely recover in a matter of short time I think.

[chachaa]

Everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users.

Yes, true. Those people who had a strong belief in bitcoin, whether there is a fluctuation happen in the value of bitcoin they will continue to hold their coins actually. And I agreed it is considered as one of the side effect of the rejection of ETF but still no worries, because it will surely recover in a matter of short time I think.

I agree with you - every bitter optimist hopes for this. I also hope that the price of bitcoin will not fall much, if there is a split. Although, I would not want it to happen

[BrewMaster]

Everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users.

Yes, true. Those people who had a strong belief in bitcoin, whether there is a fluctuation happen in the value of bitcoin they will continue to hold their coins actually. And I agreed it is considered as one of the side effect of the rejection of ETF but still no worries, because it will surely recover in a matter of short time I think.

belief is meaningless. it was a logical decision, at least for those who use their brains it was.

when you hear some negative news you analyze it and the decide how true or false it is. in case of the split which you mentioned it was mostly bullshit using some small news to spread some FUD, in this case any drop is just opportunity to buy more.
simple logical conclusion!

[pecson134]

Those who saves bitcoins before probably predicts that the price it will yield would be higher than before. But take note even if you save bitcoins still you can't guarantee the benefit of earning much higher just by saving. If your target is to sell them at higher price than before, then it will be a 50/50 chance since bitcoins not that stable.

[DimidoffVany]

Those who saves bitcoins before probably predicts that the price it will yield would be higher than before. But take note even if you save bitcoins still you can't guarantee the benefit of earning much higher just by saving. If your target is to sell them at higher price than before, then it will be a 50/50 chance since bitcoins not that stable.

If you are talking about short-term investments, then I will agree. But if it's about long-term, I will not agree. In the long term, there are many chances to increase your capital if you buy bitcoin today

[Bitcotalk]

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 me they are just keeping it and waiting for the right time to convert or trade it. Especially if the rate of BTC is high.

Saving is not just the wait for the good time but with saving bitcoin they also play a good role in increasing the price of bitcoin because if investors will invest in bitcoin and will keep them for longer then the demand will increase and supply will not be like that and so people will pay high for buying bitcoin and in this way the price of bitcoin will increase.

[daiyuba1971]

I think that just keeping bitcoin for a long time now is the wisest act. The price fluctuates very much, so it's better to wait for a significant price increase. And it can only happen in a few years

[Collider]

I think that just keeping bitcoin for a long time now is the wisest act. The price fluctuates very much, so it's better to wait for a significant price increase. And it can only happen in a few years

If you don't want to take any risky of investing it anywhere then its best to save your bitcoins for future by keeping them safe in your wallet as price is tend to rise in long term but make sure that you manage to hold enough amount of bitcoins as lower amount will not give you higher benefits.