bitcoin benefit of saving for a long time?

[Sled]

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 we have a lot of bitcoin it would be safer for us to keep it in the save wallet, This thing we do for our bitcoin is protected from hackers that can harm our bitcoin. But if we want to get more bitcoin, then we can invest it, of course this is risky, but sometimes we have to take the risk to get a larger bitcoin.

It really depends on the need of a person, if a person wants to just keep their bitcoin for long term then having a secure wallet like hardware wallet or paper wallet is enough to secure your bitcoin or other cryptocurrency that you like to be safe. Investing bitcoin is a must for us bitcoin users because we can grow our bitcoin into a higher amount of bitcoin which will help us to attain bigger amount of money in the future.

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[Vaskiy]

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 we have a lot of bitcoin it would be safer for us to keep it in the save wallet, This thing we do for our bitcoin is protected from hackers that can harm our bitcoin. But if we want to get more bitcoin, then we can invest it, of course this is risky, but sometimes we have to take the risk to get a larger bitcoin.

It really depends on the need of a person, if a person wants to just keep their bitcoin for long term then having a secure wallet like hardware wallet or paper wallet is enough to secure your bitcoin or other cryptocurrency that you like to be safe. Investing bitcoin is a must for us bitcoin users because we can grow our bitcoin into a higher amount of bitcoin which will help us to attain bigger amount of money in the future.

As stated if it's a long term holding then there is no need of a panic around. Just as mentioned using a hardware wallet provides added security for our bitcoin holding. In reality even from the highly secured exchange websites bitcoins were stolen, so we need to be careful to keep it safe. Only then the profit is ours in the future.

[Gheka]

Indeed, investments in bitcoin have many advantages for both short and long term, but it would be nice if investments in bitcoin for long term this might be more profitable. Some of those who succeeded have kept bitcoin since bitcoin in launch and now they sell it with Get a bigger profit.

for the price now, i am sure that many people which keeping their bitcoin for a long time ago will have happy and they are surely makes a big profit. and since todays more people is interesting and want to investing their money in bitcoin, then i am sure that in future, the price will be increase more and bitcoin itself will help them to make money.

The profit that they earn is already big enough considering we have a good increase this year alone and will continue to increase.
People who invested especially those who hold longer deserves to have this good reward, they risk their money and bitcoin
is progressive so they deserve the reward.

I agree imagine how Bitcoin grows in just a short span of time.  In less than a year those who invested in Bitcoin had already a profit of around 150%.  This is a huge profit.  Aside from that there is still a lot of room for bitcoin price to  increase since the market saturation is not yet met and country are starting to recognize Bitcoin as mode of payment or money.

That is true, there is a lot of country that thinking about fully adopting bitcoin to their country to make it as a mode of payment and also a money for buying goods and services in their country. Bitcoin is the future of the currency and we should be with bitcoin as early as possible so if the bitcoin will be on mainstream then that is the time when we are going to take profits.

I think bitcoin investment in the short term will bring us a very good profit but in the long run, I'm not sure bitcoin will also bring us the same profit as short term because the future of bitcoin is unpredictable. In addition, the price of bitcoin has increased so rapidly in recent years, that will create suspicions of users with Bitcoin, currently the price of bitcoin is about $ 2550, if it continues to increase in the future, I think that number will be very terrible. Inflation and money laundering will occur, and I do not think the government will let that happen, so in the long run, I fear the government will take measures to stop the development of bitcoin.

[babsalt1975]

if there are any people who can tell us the benefit of storing bitcoins, then those who adopted bitcoin in its initial stages are better placed to explain. Imagine those days when bitcoin was trading at $10. If you decided and bought 100 btc, you could have spend $1,000 to buy them. If you kept in a cold wallet and you decide to sell them now, then you could reap $270,000 for 100btc. That is a clean $269,000 profit in a span of like four years.

[Teraboy]

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 we have a lot of bitcoin it would be safer for us to keep it in the save wallet, This thing we do for our bitcoin is protected from hackers that can harm our bitcoin. But if we want to get more bitcoin, then we can invest it, of course this is risky, but sometimes we have to take the risk to get a larger bitcoin.

The more risk and you will be involved in the high return of the money for your invesment. Too many scammers in these days. I remember the slack already junked by the scammers try to scam everyone in the slack.

[warrior333]

Many of them keep their coins because they are constantly increasing in price and thus no risk. You don't need to invest coins in different sites or exchanges which may prove to be a Scam. I do it too.

[Baby Dragon]

The main reason for keeping the bitcoin for long time is  capital gain. People believe it will cost much more in the future as bitcoin is growing rapidly. And the best part is the amount of bitcoins is constant and can’t be more than 21 million. Thus its value will gradualy grow.

There are lot of benefits that you can get if you bitcoin.In addition to that, saving bitcoin will help to gain more income and I guess by saving bitcoin you would be rich in the near future. Saving bitcoin is very nice and I believe that the price of bitcoin will rapidly increase in the future so that saving bitcoin is a nice idea.

[Wintersoldier]

Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).

Actually the price and the system of bitcoin is a great investment. It develops and changes as their are development happens on the market users or the support of the Bitcoins community rises. It follows the principle of law of price and demand where the move within the stock of the market of bitcoin is a vital part of the development of bitcoin transaction , price and security system. It has a future that yet to developed making it a more beneficial currency for investor if they chose to save.

[Ammigo13]

For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.

[mmo4me.2016]

Those who bought BTC at the time before are benefiting, now can not know before, if you know, I and you have a lot of money.
I thinks so!

[darkangel]

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

Come share your thoughts

Keeping bitcoin for a long time is also a form of business, hoarding to be profitable. If we hold a lot of bitcoin in hand in the ever increasing bitcoin situation, you are holding a large block of wealth in hand. It is expected that by 2025 bitcoin prices will increase continuously.

[iram1011]

Let me share my experience with bitcoin holding. I am not holding bitcoin for a very long time but yeah for two years. I have turned my initial investment to approximately 9X ( the best return any asset has to offer ). Now I am thinking of starting an online business which will need some initial investment. Now I can fund it myself as I have enough bitcoin with me.

So, here coming to your question. Holding bitcoin for a long time can give unexpected returns which you can use at right time.

[BeGoods]

For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.

Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go up

[aishyoo17]

For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.

Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go up

Agree! The main reason why people hold their bitcoin for a long time because they believe and have so much trust in bitcoin. Their vision is not just in short term but a longer spam of time. Like those people who bought bitcoin around 2009 they never thought that bitcoin price will reach up to $3,000 all they know is that the price will surely rise as years go by.

[andrei56]

The benefits of holding long term should be obvious to anyone, just look at what happen in this year, if you held bitcoin for a year your investment went up many times over, if you hold for a decade the chances your investment multiplies over many times again is very high, this is not rocket science.

[dothebeats]

A simple answer: investment. Over time, bitcoins tend to gain value since the supply is getting scarce every single day plus the fact that there is sufficient demand for the price to move up. Not only that, public interest is also gaining traction and the market is not just limited to tech geeks anymore, thus creating a momentum for the price to move further. You can also use bitcoin for online shopping like conventional cc and debit cards. There may be a select number of big companies that accept it right now but they offer great rebates for bitcoin users.

[gabmen]

The benefits of holding long term should be obvious to anyone, just look at what happen in this year, if you held bitcoin for a year your investment went up many times over, if you hold for a decade the chances your investment multiplies over many times again is very high, this is not rocket science.

Well hopefully it continues to do so. I'm also a believer of holding btc for a longer period and the possibilities it has for making real good money. But i'm also being cautious about it since after btc shot up real high, even hackers would have high interest in it. Right niwni'm also looking at other alts with the possibility of repeating what btc did a couple of years back.

[Omega Weapon]

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

Only weak hands sold with this small increase in price, many people in the forum are waiting for the day bitcoin finally skyrockets and touches tens of thousands of dollars by that time, you will not need to sell since at that point adoption will be big enough that I think you will be able to pay with bitcoin in a lot of physical stores.

[stadus]

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

Only weak hands sold with this small increase in price, many people in the forum are waiting for the day bitcoin finally skyrockets and touches tens of thousands of dollars by that time, you will not need to sell since at that point adoption will be big enough that I think you will be able to pay with bitcoin in a lot of physical stores.

We benefit from the weak hands action, they sell their bitcoins at a very low price so we have to buy them.
There is a FUD all over that's why the market is down now, if you look at the price they are down significantly and in this
kind of situation, all I can think is to buy only and hold.

[Godday]

The benefit we get is if the btc price rises when we initially buy 2,500 $ later rises to 5,000 $ maybe this is tantamount to investment