bitcoin benefit of saving for a long time?

[fishbonez11]

People store bitcoin in their wallet as savings. When the bitcoin price goes up, they can sell it for profit.

[alex 666]

bitcoin is so high risking for long time so that if you have estra money safe it will be 0$ or 100000$

[Sadnu]

You're right in what you said. Because the benefits you receive will be great if you hold it for a long time. As early as people who hold bitcoins and now are rich.

Do you know how much bitcoins the price was?

And you also know how much they have invested today and how much money they have been paying for bitcoins.
So many are actually pursuing to buy bitcoins today and it will continue until next year. until we feel that the price is high

[Sled]

You're right in what you said. Because the benefits you receive will be great if you hold it for a long time. As early as people who hold bitcoins and now are rich.

Do you know how much bitcoins the price was?

And you also know how much they have invested today and how much money they have been paying for bitcoins.
So many are actually pursuing to buy bitcoins today and it will continue until next year. until we feel that the price is high

Most of the people right now are doing that, even the price of bitcoin is high (for the average person like me) they are still buying bitcoin because they believe that the price of bitcoin will go even double of the price right now so they are still buying and holding bitcoin for long term.

[Yarsk]

Storing bitcoin in your wallet for a long time is not a bad idea at all, take for instance you save you local currency in you bank accounts till you need it. Is the same with bitcoin being save in your wallet, you save for rainy days when you will need them. And secondly while you save your bitcoin in wallet for a long time you stands the advantage of increase in your saving cause the price keep rising against other currency.

[bitterguy28]

yes we will benefit from it for sure there are so many people out there that are buying bitcoins because they knew that the bitcoin is the way in their success,. and also we all know that the bitcoin is actually increasing and increasing its price meaning we will benefit on it in future

many more people trusting the bitcoin give benefits to all, absolute i agree you comments mate, bitcoin giving decent jog, daily needs expenses, bitcoin give hope to people to get better lif someday or got more income give family good income to fulfill the needs.

[futile-resistance]

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.

There will be hardly even a single individual on this earth who will disagree with what you have said. Bitcoin for sure is very much valuable and beneficial. You can surely earn a lot buy keeping it for a longer period of time. All you need is to keep on increasing the number, you’ll surely become a billionaire one day.

[Tubig]

Bitcoin benefit of saving for a long time? yes based on the blog that i read some people just proof it that if you just hold bitcoins for a long time you can earn benefits from it though it is a long time but they assure you that you will gain profits in holding bitcoins,

If you're answer was based on the blog, my answer is based on my friend which invested his time and effort in signature campaign and he invested his earnings to bitcoin, I think its almost 3 years now when he started bitcoin and he spend large amount of cash and Save more than large bitcoins now. It so awesome you never knew who's rich now.

[justdimin]

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.

Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing...
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls...

[Wingo]

Look at the timeline of bitcoins price, there is a great jump in just a short period and this is still happening. We all witnessed how bitcoin built the reputation of digital currency, the growing use of bitcoins and altcoins affects the price and value of every digital currency and in bitcoin, there is a positive change, an increase in price which we all don't know when it will stop. Maybe until all people in the world is using bitcoin but it is very far from happening.

[Xester]

Look at the timeline of bitcoins price, there is a great jump in just a short period and this is still happening. We all witnessed how bitcoin built the reputation of digital currency, the growing use of bitcoins and altcoins affects the price and value of every digital currency and in bitcoin, there is a positive change, an increase in price which we all don't know when it will stop. Maybe until all people in the world is using bitcoin but it is very far from happening.

Yes it is true.  Its price grow rapidly.  It goes up like 700% since last year and I was really sad that Idid not save bitcoin.  I use bitcoin to finance my daily life but not thinking of saving for the future.  It is just this time that I was able to think about it after realizing that it can help me become rich if I will save some of it.

[cexylikepie]

You're right in what you said. Because the benefits you receive will be great if you hold it for a long time. As early as people who hold bitcoins and now are rich.

Do you know how much bitcoins the price was?

And you also know how much they have invested today and how much money they have been paying for bitcoins.
So many are actually pursuing to buy bitcoins today and it will continue until next year. until we feel that the price is high

Most of the people right now are doing that, even the price of bitcoin is high (for the average person like me) they are still buying bitcoin because they believe that the price of bitcoin will go even double of the price right now so they are still buying and holding bitcoin for long term.

Even I know some investors still believe in someday, the price of Bitcoin can reach to $100,000. Of course, that target can reach in future if Bitcoin do not banned by government before that future become to true.

[Succurs]

bitcoin cost proceeds to increase, there is no purpose to wait for the value down so that the ideal way to income is to acquire quickly. bitcoin helpful for long time period investment decision.

[bettercrypto]

bitcoin is so high risking for long time so that if you have estra money safe it will be 0$ or 100000$

I believe it is more likely the bigger one .  The only parameter you need to check is, market saturation, people acceptance, speculative traders, company involvement and government acceptance.  It seems bitcoin almost have them all so definitely there is no way for bitcoin but to move upward.  Price will definitely go up as the market is being saturated, bitcoin being adopted and more and more speculative traders joining the trend.

[ongels]

Yes in my own anticipation it could grow to more than 5x fold in the future based on its popularity and contiguous demand in supply.  All we need is to hold/invest and wait for the upcoming years . We already witness right from the start of its distribution until present the significant impact in stock market. Look the timeline and its rate. Its very impressive performance

[sapnu]

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 benefit of storing or holding your Bitcoin for a long time is that, your profit will grow over time. Bitcoin market value increases from time to time, which means if you will store your Bitcoin, its price will increase as well as the profit that you will get in the future. This is the common strategy of Bitcoin investors, this is easier and less risky than trading, but still, the profit is good with this strategy.

[drachman]

I think the benefits of bitcoin for a long time as an investment, when bitcoin prices increase and then sell it ..
And very risky to store bitcoin for too long, because we do not know when the price will go down or up.
But i myself believe the bitcoin price for the next 5 years will be higher,i will trade it and keep it for a long time.

Yes you are right. No one knows when the process will go up or down. But if see the graph of past few years, we’ll observe that prices are continuously going up and up. So selling will never be the best option. You should keep what you had and try to get more.

Agreed that, HOLD as long you can. Don't sell at the moment, it's going to explode soon. Though, it's true that, It's difficult to predict, but I think it will increase. But, Don't dive into your emotions, talk to the community and getting updated. You will get better results.

Yes I agree with you.  I once regret the fact that I am too afraid to hold my bitcoins.  End result is that I sell my bitcoins due to panick because during that time bitcoin price is going down.  I really regret that moment and now as long as I can I will hold my coins and wait for the right time.

I think that is a very common mistake, especially among the people that are in the beginning stages of their investment with bitcoin, but after some months you learn to deal with those emotions and even when things do not seem to going all that well you learn to hold despite the circumstances.

[FLoving]

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.

Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing...
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls...

Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.

[Fireblade]

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.

Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing...
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls...

Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.

if the op is talking about faucet or signature campaign, then it is right that the income that come from these two source is comparative very low and one have to wait for  a long time regardless the price of bitcoin, therefore i will choose bitcoin in such situation where one can get a good profit in a short period of time.

[bncbnc]

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 benefit of storing or holding your Bitcoin for a long time is that, your profit will grow over time. Bitcoin market I value increases from time to time, which means if you will store your Bitcoin, its price will increase as well as the profit that you will get in the future. This is the common strategy of Bitcoin investors, this is easier and less risky than trading, but still, the profit is good with this strategy.

I am also in favour of long term investment, I am sure that through long term investment one can get a good profit. in fact in long term investment you even do not need to have good experience because you only have to hold your shares and when the price goes up then you only have to sell your shares and through this way you can get good profit.