bitcoin benefit of saving for a long time?

[Kevin77]

Sure. Bitcoin provides longterm benefits, bitcoin more than just modern trend in financial world. But also an investment choice.

It can provide long term benefits when it has reach to that much level like if you are holding bitcoin for long time then it will provide a long term benefits if you are holding bitcoin for short term then it will provide short term benefits so it is basically depended on people that how much time they want to keep their bitcoin so I hope you got my words as well.

[1714790108]

1714790108

[1714790108]

1714790108

[1714790108]

1714790108

[1714790108]

1714790108

[Heyyyrenz]

They save bitcoin for a long time because they know that the bicoins price will go not double, triple but 4-5x it's price of today. Just like 5years ago many people ignore bitcoins just look what's the value of it today many people invest bitcoin past years ago and look at them now, they're now rich because they wait for the right time. The benefit of saving for a long time is the longer you hold your bitcoin the more richer you're going to be in the future.

[genocide]

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

Come share your thoughts

A lot of people store their bitcoins in a wallet for a long time because they are hoping to multiply their investment after a few years. Long term saving can provide long term benefits but we still need to be careful because we are not sure if the bitcoin price will continue to increase for a very long time since it is so unpredictable. I personally want to store my bitcoins too but not for a very long time. Just until bitcoin reaches the price that I am expecting. I haven't decided yet what to do after that.

[Beparanf]

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

Come share your thoughts

A lot of people store their bitcoins in a wallet for a long time because they are hoping to multiply their investment after a few years. Long term saving can provide long term benefits but we still need to be careful because we are not sure if the bitcoin price will continue to increase for a very long time since it is so unpredictable. I personally want to store my bitcoins too but not for a very long time. Just until bitcoin reaches the price that I am expecting. I haven't decided yet what to do after that.

Thats right we should really set limit since we can't wait that much we all have plans on what we gonna do with our savings, though we might regre if we cash it out then the btc price still pumps so better left still something on your wallet if you decide to use it already.

[Pattart]

I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.

Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day

[Bitcoin_Delivery]

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

So true. Because if we save money. Every year there will be inflation. In contrast to the bitcoin that increases annually. I highly recommend saving through bitcoin

[unyil]

I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.

Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day

Yes bitcoin will become more popular in the future because the development in bitcoin keeps improving, so I will keep trying to get bitcoin and will keep it for a long time, in order to get a very good profit from bitcoin.

[oegarod]

I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.

Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day

Yes bitcoin will become more popular in the future because the development in bitcoin keeps improving, so I will keep trying to get bitcoin and will keep it for a long time, in order to get a very good profit from bitcoin.

What the above user mentioned is correct, bitcoin becomes popular as well it has gained more popularity than other digital currencies. This is all because of the way it got developed. In between its said that there are several other coins that got developed in a better way than bitcoin. In reality they were unable to compete with bitcoin making it the best profitable digital coin. Also this has given the trust that more you hold more will be the profit after years.

[lukmandog]

Holding bitcoin can still provide an advantage even for longterm. Even if we look at the potential some altcoins, we may be able to gain multiple benefits rather than invest in bitcoins. There are still many giants still asleep to this day.

[XbladeX]

If you hold on BTC you have highest chance that you will get nice profit. If you save and long hold BTC and you don't do trading you save every ime those damm fees.
it is prooven that most traders will lose money over time. You dont know a future and that is why having like 100% in BTC is not recommended is good to have some Metals, and other stuff
even ral estate for rent is quite good passive investment

[babysweetTiger0401]

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 all bitcoin enthusiast who hold their coins for a long term/time, are those people who wants savings for the future. Because they believed in the projection of the bitcoin experts for what it will be the price value of bitcoin when the time comes. Particularly now, the prediction base on the experts was 13000$ by February 2018, also look what happen now into bitcoin after BCC/BCH this past august 1st 2017.

[chaturbateaccount]

The benefit of it is because bitcoin is just starting as time pass by the bitcoin price will get pump and pump so If you save it for now you will have a great profit int he future because bitcoin price is pumping every year so better to save now and harvest it later.

[Casmania]

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

Come share your thoughts

Bitcoin isn't just about storing but also an investment. But in storing your bitcoins for too long in my perspective is a big no. I am to keep myself updated about the market and the values' charts. If I'd assess that there will be an upcoming dilemma or a big decrease in the value that will be the time that I'd go for a solution about my bitcoin than keeping it stored.

[calandra78]

Other people store bitcoin for a long time because of its fluctuating price. As we can notice bitcoin price is increasing its price thats why other people still hold the btc in their wallet for a longest time just to earn profit. Atleast that they could earn for what they save in their wallet.

that's right, we save them and get prices soared then we will benefit, but we save the bitcoin in a long time it is also advantageous that is we can make it as savings in old age, we can also make monthly income means to support the real-life us, and we will also gain a prosperous life in the future and not worry again a matter of financial problems. most people would do the same thing to organize his life later in the day.

[MMysterious]

I think the reason people save bitcoin for a long time it is because as what they have noticed, bitcoin had been increasing over the years ever since it started in 2009. The value from that time compared to today's bitcoin imagine if you invested 1BTC by 2009 how much it would be worth today 1btc = $4300. That really is a huge lump sum of savings. So that gives people idea on saving their bitcoin and storing them for a long time.

[krampus854]

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

Come share your thoughts

they have many benefits in holding a bitcoin first you can stack here some of your money and don't need a back, 2nd here in the bitcoin it can double your money without doing anything just hold it. but the main benefit here of bitcoin is it can be the alternate currency someday.

[azguard]

I think the reason people save bitcoin for a long time it is because as what they have noticed, bitcoin had been increasing over the years ever since it started in 2009. The value from that time compared to today's bitcoin imagine if you invested 1BTC by 2009 how much it would be worth today 1btc = $4300. That really is a huge lump sum of savings. So that gives people idea on saving their bitcoin and storing them for a long time.

Not many people heard about it back in 2009, for example I started in 2013 when price was around 1000 dollars, then i researched a lot and see how thing are going in this. Again who ever did invest back then then he is really reach man by how if he invested then just 1000 USD that pretty much now.

No matter now it takes saving most of it is good option and best option with current price.

[jak3]

bitcoin's price is volatile, in simple words its market price always changes(as price is made by the demand and supply of the market) and because Bitcoin is being made at a constant mining effort and also with constantly increasing difficulty the Bitcoin price will increase so that miners can get enough paid for their invested power and time.and this makes Bitcoin the perfect target for long term investment because it will always gonna increase its rice until the last block is mined.

[uelque]

I only see one reason why people holds their bitcoin for a long time and that is because bitcoin price is so volatile. We all knew that bitcoin price today is constantly rising so I guess it is the main reason why people who has bitcoin will continue to hold their bitcoin for long term. Because they knew the benefit they will get is much higher than today's. They knew themselves it's worth to wait.

[Casdinyard]

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

It is so damn true. We save or hold our coins because we all know bitcoin is volatile and in time it go to the moon.
Just dont mind the dips because for sure after the dips the rise will be next.
Sure, the current price is so tempting, I think cashing out a little is fine so we can taste the ATH, but make sure you still have a lot of bitcoin in case bitcoin will be on peak again and the profit you get is really crazy.