bitcoin benefit of saving for a long time?

[Collider]

I bought 5 bitcoins in the year 2015 when the price was around $300 and I am still holding those coins and have not spent even a single penny of it and at this stage I am into huge profits but I will still prefer to hold my coins for future and I will sell only when it touches $8k and not before that.

[Trela]

I bought 5 bitcoins in the year 2015 when the price was around $300 and I am still holding those coins and have not spent even a single penny of it and at this stage I am into huge profits but I will still prefer to hold my coins for future and I will sell only when it touches $8k and not before that.

Wow, real holder Bitcoin are here! You are holding your money for your future, congratulation after long time ~2 years do not let you give up your Bitcoin. I believe with target $8,000 for the road growth of Bitcoin, it very easy.

[MMA]

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

Come share your thoughts

There are many people storing bitcoins in their respected wallet as their savings. They are saving it for a long time because they really know how big is the benefits they get. Holding bitcoin is also give you a higher chance to get a high profit. You need to be patient, wait until its price reaches a higher amount. When the price reaches a high amount then you can sell your bitcoin so that you could earn a high profit.

That is the right strategy as no one wants to sell their bitcoins and lower price so hold it and make a decision to sell it when your target is achieved and it will depend on person that at what price he bought and what profits he wants to make from it so depending on that you can make a choice of selling your coins.

in fact currently people are more confident about bitcoin investment, they think that the price of bitcoin will continue increasing for a long time and therefore they are currently trying to hold bitcoin and not to sell it, as they do not want to miss the chance to making good profit from bitcoin. therefore currently they are more confident about bitcoin trading and continue to invest money there.

[aeternus]

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

Come share your thoughts

These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

Its better to save your bitcoin than to spend it with unneccesary things. It much better to spend it to buy thing that you need in your everyday life. Such as foods. So that youre bitcoin spending good. But i suggest to save it. For  you to have money in case of emergency or for your future expenses. Or to buy also things that you want like clothes,shoes and gadgets.

If you need your bitcoin to afford food then by all means spend as much as you need but we need to understand that bitcoin is meant to be saved for the future so if your lifestyle requires to spend your bitcoin then you need to obtain another source of income fast so you do not lose your possibilities of earning a lot of money with your bitcoin in the long term.

[WatchMaker]

Bitcoin gains more value when saved for a long time.
Some people do so in a form of business and end up pocketing huge profits.

[wilwxk]

Certainly it was something very beneficial, because the bitcoin is still profitable because every year they bitcoin prices always go up, but we never can confirm this poit because if we know its a true, all of we will be rich, but if the world continues this scenario, yes, the bitcoin will be benefic.

[mel0924]

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

Come share your thoughts

Some or most of the people that knew bitcoins store bitcoins in their wallet for a long time because they believe that bitcoins is getting higher and will be higher in value in the near future. Many get rich in storing bitcoins for a long time and some of them are now happy for what had happen to their lives.

[Kasabus]

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

Come share your thoughts

Some or most of the people that knew bitcoins store bitcoins in their wallet for a long time because they believe that bitcoins is getting higher and will be higher in value in the near future. Many get rich in storing bitcoins for a long time and some of them are now happy for what had happen to their lives.

We are going to follow their footsteps, we will make ourselves richer as we continue to support bitcoin.
It's not too late, bitcoin is still new and we can have more success to achieve as the price has no limit, we will have to risk now and invest
if we want to be rich like those who have already made fortune.

[IAMYOURLEADER]

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

Come share your thoughts

Too easy. Because we are all believing that bitcoin will surge more than $100k someday and it will be more precious than gold, crytals, diamonds or anything else in this world.

[Choyor]

I think it is a scheme that is applied by every individual bitcoin users, of course with the hope that bitcoin value will be more increased again in the future. because so we can exchange it when bitcoin value is at the highest level, and of course we benefit from the scheme we apply.

[deejhay]

Its their long term investment. Buying bitcoins holding it for long since btc price is increasing so when they needed the money, bitcoin is worth more than when they bought it (assuming everything went fine for bitcoin).

[Mahanton]

Its their long term investment. Buying bitcoins holding it for long since btc price is increasing so when they needed the money, bitcoin is worth more than when they bought it (assuming everything went fine for bitcoin).

Everything would really comes smooth along the way checking on the progress on bitcoins price.How much more if those people are early adopters then for sure they are really earning much on each movement on bitcoins price. Fluctuations do normally happens but no matter what would be the price they are still on profits knowing that the purchase price is too cheap back into those years.

[Lancusters]

Long-term storage of all crypto currencies is very risky. It seems to me that it would be more accurate to accumulate the required amount and spend it for acquisition of things or the organization of own business. Then the risk will be minimal.

[gekon]

Of course nothing come at free. You need to risk it to make profit from it. Like investing or gambling or lending maybe? Money can't raise unless the owner know how to do it.

[RayvenPierre]

I think the answer would be pretty obvious on this question, and that will be because bitcoin is gaining more value over time. This has already been proven just look at the current bitcoin price. It has come a long way and it is still continuing to increase that is why people chose to keeo and save their bitcoins.

[Wexnident]

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 absolutely hold their Bitcoin for a long period of time for the simple reason that they want to earn huge profit which is possible by just holding Bitcoin. The market value of Bitcoin is dependent on its demand such that if the demand increases, the price will also too. Since Bitxoin market value increases over time, the profit that a holder will earn will be big in the future.

[alberto hiro]

they keep bitcoin in their wallet for long periods of time because they expect that bitcoin price in the future, it can multiply many times the current price

[Kawasanz]

As a long-term investment tool bitcoin is very advantageous because of the limited number of bitcoin. While more and more bitcoin enthusiasts

[Vinalians]

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

Come share your thoughts

well yeah for sure, they will benefit this bitcoin saving for a long time, the bitcoin price now is like a 5000$ so meaning that if you just invest in bitcoin last year which is like 2500$ you will be benefiting today like your money just got doubled, that's why many people save bitcoin in their wallets.

[FlightyPouch]

they keep bitcoin in their wallet for long periods of time because they expect that bitcoin price in the future, it can multiply many times the current price

Well this is certain because bitcoin now is having a lot of users because of the prediction that it will be having a price a lot more than the current price. A lot of people use bitcoin, so there is a lot of development that needs to be done and I think the more the demand, the more the price, the more it is good to save bitcoin for the future.