bitcoin benefit of saving for a long time?

[Sled]

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.

Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

[ipungadhi]

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.

Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

[phaddie]

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.

Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

Holding for long term doesn't promises you to make higher profits in future as price can even go in lower direction and that will make your holding go in vain so its better to sell them when price goes higher and buy them back when price falls.

[hase0278]

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.

Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

Holding for long term doesn't promises you to make higher profits in future as price can even go in lower direction and that will make your holding go in vain so its better to sell them when price goes higher and buy them back when price falls.

Its their decision though to hold bitcoin long term so for me the best thing to do is to sell some bitcoin and rebuy same amount at dump so that even if it really do go in lower direction, its not that big of a problem for me since I have took profit from it anyway and the money im using to buy bitcoin is just pure profit from my previous sells. The only benefit of saving bitcoin for a long time is that if it's price is higher, literally the holder would get a nice amount of profit.

[X-ray]

most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.

Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

Holding for long term doesn't promises you to make higher profits in future as price can even go in lower direction and that will make your holding go in vain so its better to sell them when price goes higher and buy them back when price falls.

as long as we are still able to get the volatility of the market and never doubt to sell your coin. Remember all of the cryptos are having a volatility. Try to waiting for another bearish moment to grab another cheap coin and keep them to get next profit.

[Zooplus]

one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?

Some are holding more than 5 years already and there is no problem with their wallet.
You can have it offline and online wallet, but ensure security so you will not lose your wealth..

[Schuyler]

If you look at the historical performance of bitcoin, even the last few years, we have seen how clearly it has been able to outperform most other investments out there. If that is not good enough reason to hold bitcoin for a long time, then I don’t know what is. As with any other form of investment, there will be volatility and risks involved but as long as the price keeps its long term growth intact, I will keep a portion of my bitcoin stored.

[NEWGOODOUBLE]

one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?

I think the problem is not on the wallet because you can use any wallet to hold bitcoin and there is no administration fee to store bitcoin for a long time.

[Intersan]

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

Come share your thoughts

If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.

Your idea is correct. They keep it for the future to get a profit and think that bitcoin will increase. They expect to increase their saving bitcoin. Of we luck to have a bitcoin then increase the price we can earn more money. But if bitcoin have a low price then use it for an emergency  we have no choice to get a profit instead we lose our money.

[Ashong Salonga]

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

Come share your thoughts

If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.

Your idea is correct. They keep it for the future to get a profit and think that bitcoin will increase. They expect to increase their saving bitcoin. Of we luck to have a bitcoin then increase the price we can earn more money. But if bitcoin have a low price then use it for an emergency  we have no choice to get a profit instead we lose our money.

That is the reason why an investor should invest what money he can afford to lose and he don't need for such stuffs at the same time. We do savings to provide that emergency stuffs than can occur unexpectedly. Don't put all of you money in an investment to avoid money loss.

[ASHLIUSZ]

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

Come share your thoughts

If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.

Your idea is correct. They keep it for the future to get a profit and think that bitcoin will increase. They expect to increase their saving bitcoin. Of we luck to have a bitcoin then increase the price we can earn more money. But if bitcoin have a low price then use it for an emergency  we have no choice to get a profit instead we lose our money.

That is the reason why an investor should invest what money he can afford to lose and he don't need for such stuffs at the same time. We do savings to provide that emergency stuffs than can occur unexpectedly. Don't put all of you money in an investment to avoid money loss.

What's been quoted above is the process of diversifying the investment. It's good to split upon requirement and invest in different forms, so that even if one of the investment gives us loss we can have a better way to compensate the loss and stay out of loss. Making everything in a single investment will cause a loss which cannot be made perfect with some sort of modifications.

[Distinctin]

one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?

I think the problem is not on the wallet because you can use any wallet to hold bitcoin and there is no administration fee to store bitcoin for a long time.

Your concern should be the market of bitcoin, the wallet or anything belongs to the technical aspects can be strengthen
if there is a weaknesses on it.

[sipapo]

Yes that's right. If you're patient enough, profit will come to you with btc. I will say that some % of your saving should be invested in bitcoin which will help you to retire a rich life as price of btc is rising and tends to rise in future as well.

[mjuliz]

it would be better to accumulate Bitcoin and save it than buy and save without accumulating Bitcoin.  It is the accumulation that will make you maximize the benefits of Bitcoin price increase, The best thing about bitcoin is that even if you can't buy it then also you always have an choice of earning it in different ways so try to earn it to maximum possible extent and hold it

[Sled]

Yes that's right. If you're patient enough, profit will come to you with btc. I will say that some % of your saving should be invested in bitcoin which will help you to retire a rich life as price of btc is rising and tends to rise in future as well.

That is what i'm doing right now, the 10% of my salary from my work goes to bitcoin for savings and i love it because i feel comfortable and safe with bitcoin when doing investments because it is not that coin that goes down because in long term it is always going up and that is the best thing for me, so i trust bitcoins in doing saving rather than any investment.

[Supreemo]

Before when i was starting in this BTC community, my colleagues told me to save some BTC and I didn't understand what for. I'm just saving it for no reason because i don't clearly understand what is the purpose of it, and then suddenly i started to understand little by little that i got benefits from saving as well.

[asdalani]

one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?

Right, that is why planning ahead usually works with those type of situations. Plus having a backup wallet file installed usually works just in case there is a need to change computers or something similar to a situation like that. People been making bootstrap files for wallets as well so there shouldn't be that much threat to Bitcoins Blockchain size.

[Rahar02]

Before when i was starting in this BTC community, my colleagues told me to save some BTC and I didn't understand what for. I'm just saving it for no reason because i don't clearly understand what is the purpose of it, and then suddenly i started to understand little by little that i got benefits from saving as well.

You just newbie and have already known the potential of holding the Bitcoin. Holding to your bitcoin for a long time can make profits. However, It's worth saving in the long run, but I'll suggest that besides of holding you should invest them in other safe business.

People holding bitcoin for a long time because it's more beneficial that way due to bitcoin price constantly increasing as time goes on, especially if you like to saving. Daily trading also profitable but sometimes the price increase after you sold bitcoin, or perhaps some people fear of missing out to get profits at higher price. The most important is your intention to commit saving bitcoin until certain time such as 1 year or 5 years, $100  worth of bitcoin right now will change into $500 or more than $1000 obviously.

[tiggytomb]

I am thinking about putting a little bit away each month as savings for my son until he hits 18, I am looking at this as a much better way of saving for a child then a junior ISA and the other regular child savings accounts.

One of the benefits I hope will be that in 18 years time his savings will have increased quite a bit giving back a huge % increase than you would get in any other savings account.

[inthelongrun]

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better.