bitcoin benefit of saving for a long time?

[Question123]

 For me saving bitcoin in tjeir wallet for long time is they have possible that they earn earn a lot of money or profit. But if you hold your bitcoin for short time you have chance to earn little profit. Both short term and longterm is good because you can earn profit. And this both have disadvantages and advantages. But you need some patience if you want profit.

[Superzpay]

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 primary benefit from holding your bitcoin is its price may increase over time. Bitcoin's historical tracks tells us that Bitcoin's price is going upward so just by holding it, we gain from it. Bitcoin is just like an investment or being treated as investment. That is why people tend to hold bitcoin rather that spend it.

For investors and Traders I will suggest to hold their bitcoins for a longer period but if some people will also use it for their needs then it is also very beneficial for bitcoin because with it the price of Bitcoin will also increase as the demand of it will increase if the market will use bitcoin for their purpose.

[bitcoin31]

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

[affandi]

Maybe this is a good alternative to buying altcoin first and then exchanged with bitcoin after altcoin profit trading business. But I think buying bitcoin now also includes right time to invest with bitcoin of course in  hope that next few years will be profitable.

Certainly very full of possibilities if you want to buy and store bitcoin in the current time ,, and I heard the info that developed countries like Japan had already adopted bitcoin, this is very possible bitcoin will continue to rise until the years to come. But of course for those who have substantial capital to buy bitcoin

I just give a few alternatives ,, hopefully it can be petrified for those who want to buy bitcoin but only have little capital

[buenav]

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

[djgtr]

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

You will not loss money if you don't use it for non sense purposes, but in holding your bitcoin for a long term investments it has been proven by history and even decades of years it's been promising already. Many of us here in this thread always makes speculations, but in reality they've been having good benefits by bitcoin; I don't know what's their personal reason why they were so selfesh with their own idea of saying negativities about saying bitcoin is gonna crash. It's their fate and we cannot stop them to give their own thoughts, all we need to know here is the good benefits that bitcoin has and ot can provide us through long term investment; price will increase from time to time and it's a good trading as well.

[hinatashoyou]

If we follow the bitcoin price trend from a few years ago there will be a significant increase in bitcoin prices, if this trend continues then surely with us storing bitcoin in a few years we will get a big advantage and benefit of course

[matchi2011]

If we follow the bitcoin price trend from a few years ago there will be a significant increase in bitcoin prices, if this trend continues then surely with us storing bitcoin in a few years we will get a big advantage and benefit of course

Yeah and simply put, the benefit of storing btc is profit. Whichever way you look at it, unless something happens globally like ww3, bitcoin is on its way to the top. With prices now steadying at a high rate, keeping bitcoins will be one of the best investments you can have for the next few years.

[zekeshawn]

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

I agree! The longer you hold your bitcoin the bigger money you get that is why people are hording bitcoin because they know that they will earn lots of money if they hold it for long time.

[yellow1]

I agree, because benefits of saving a bitcoin in a long time is earn profit and wait for the price become high. To save bitcoin is also benefits because savings is an investment. There are many benefits for a long time like the value and it increasing. Saving for a long time is an investment. Bitcoin is for the future and its a good idea that keep a bitcoin in a long time, because if the price is increase we have the opportunity to earn profit and the advantages that we get and have a future and we surely that we earn more profit.

[BingoDog]

The longer the period you keep your bitcoins, the bigger profit, so it should be in practice. But it's not always so and depends also how long is that period. I think too long period is not good, it's better to set some goal within a year or two and try to achieve that otherwise you might get completely lost in calculation and maybe end with loss, not profit.

[aqrulesms]

I agree, because benefits of saving a bitcoin in a long time is earn profit and wait for the price become high. To save bitcoin is also benefits because savings is an investment. There are many benefits for a long time like the value and it increasing. Saving for a long time is an investment. Bitcoin is for the future and its a good idea that keep a bitcoin in a long time, because if the price is increase we have the opportunity to earn profit and the advantages that we get and have a future and we surely that we earn more profit.

Saving them too long also can be risky as no one knows what will be the price of bitcoins in future and if price crashes then your saving so long can go in vain so its good to sell them off when you are making good profits from it and save some of them for the future hoping to sell them at more higher price.

[Omega Weapon]

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

Come share your thoughts

Almost any investment is going to benefit you if you hold for a long time, even things like stocks and bonds will benefit you by holding long time, real estate is the same and the same can be said about gold, so bitcoin is not an exception to this but I think it is way better to also look for signs that you should sell that way you avoid making the mistake of holding for too long.

[Vohoanghiep]

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

Come share your thoughts

Sending Bitcoin into a wallet is a wise decision, as they see it as a high interest savings in a short time. When Bitcoin is high, you can sell to make a profit. When Bitcoin drops, you can buy in, hoard it.

[PancherBitCoin]

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

Come share your thoughts

Sending Bitcoin into a wallet is a wise decision, as they see it as a high interest savings in a short time. When Bitcoin is high, you can sell to make a profit. When Bitcoin drops, you can buy in, hoard it.

The fact is that to date, not very good price dogecoin, in order to replenish your purse stocks. It seems to me that you can wait some more time for that year, the price will drop a little lower. But keeping Bitcoin's wallet is a very wise decision. Reality in the future Bitcoin will bring great good returns.

[nasipadang]

Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time,  with the already high bitcoin prices I'm sure many have sold it

[Zooplus]

Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time,  with the already high bitcoin prices I'm sure many have sold it

The supply is limited and this price will not rise like this if only few people are holding, maybe some supply were lost like an owner
forget the private key or any related incident. Also, there are whales who holds a good volume of bitcoins and they are still holding
until now, if they hold we should be doing as well.

[djimbim0]

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

[Sled]

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

If they have a lot of bitcoins then they can easily be millionaires but if the they only have few bitcoins then they can just let it grow by doing trading or investment that can give a lot of potential to their holdings to grow. Bitcoin holding for long term is a good investment at the same time because after a few years we can see a really huge price pump from now on.

[Paid Piper]

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

in fact i am also in favour of long term investment. in long term investment there are less chances to lose  your money, and specally for those people who do not have experience in short term investment.