bitcoin benefit of saving for a long time?

[empoy]

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's price is continuously increasing and what you're purpose here is to invest. As the value of bitcoin increases, the value you are holding will increase together with it. It would be really beneficial for those who are aiming to be rich with bitcoin because time is money here and the more you invest, the more chances you can have to earn bigger money. We all know that it is the sole purpose of most of the people here so just be patient.

[insurgent]

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 probabilty that you will get the chance to earn large amount of money depends directly proportional to the time you've become patient. The value of bitcoin changes from time to time and most of the time, it goes higher and higher so think of it as a smart and wise decision to hold up your bitcoin, you will surely get the chance to earn large amount of money if and only if you are patient enough to hold and wait till the price is high.

[eann014]

This is obvious, saving bitcoin for a long time is a very profitable long term investment. So if you can afford to buy bitcoin now as much as you can, then do it if you believe in bitcoin and I'm also sure bitcoin prices will continue to rise even higher.

It is not easy to buy bitcoin today because of its high value, maybe we can buy bitcoin but not exactly 1btc. Like me, I can't afford to buy 1 btc because I don't have that amount of money maybe i can buy, .005 btc then save if for long time. So it can gain profit as tge days pass.

[Gumpfire]

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 reason why people store their bitcoins in their wallets for a long time is because if the price of bitcoin increases, also their money will increase. That's why they assume that in the near future bitcoin will increase also their bitcoins too. But if in the future bitcoin's price decreases also their bitcoins will decrease too.

[Succurs]

The only factor i know that benefits us in keeping bitcoin for extended time is the big profits that we can attainable earn in lengthy term keeping. There is nothing at all intrigued point about holding aside from income, we are employing bitcoin, we are holding bitcoin, we are buying bitcoins because we want revenue and we also want that in holding or preserving bitcoin for a extended time.

[kamotharnn]

This is obvious, saving bitcoin for a long time is a very profitable long term investment. So if you can afford to buy bitcoin now as much as you can, then do it if you believe in bitcoin and I'm also sure bitcoin prices will continue to rise even higher.

It is not easy to buy bitcoin today because of its high value, maybe we can buy bitcoin but not exactly 1btc. Like me, I can't afford to buy 1 btc because I don't have that amount of money maybe i can buy, .005 btc then save if for long time. So it can gain profit as tge days pass.

You can buy whatever the amount of bitcoin you want. dont worry. Holding a small amount of bitcoin is still better than not. 0.005 bitcoin can x10 in the future. Therefore, be wise and bitcoin. And also, we need to be patient. Bitcoin can not increase its price in a day or a month. It needs years to develop and increase the price

[Farma]

This is obvious, saving bitcoin for a long time is a very profitable long term investment. So if you can afford to buy bitcoin now as much as you can, then do it if you believe in bitcoin and I'm also sure bitcoin prices will continue to rise even higher.

It is not easy to buy bitcoin today because of its high value, maybe we can buy bitcoin but not exactly 1btc. Like me, I can't afford to buy 1 btc because I don't have that amount of money maybe i can buy, .005 btc then save if for long time. So it can gain profit as tge days pass.

You can buy whatever the amount of bitcoin you want. dont worry. Holding a small amount of bitcoin is still better than not. 0.005 bitcoin can x10 in the future. Therefore, be wise and bitcoin. And also, we need to be patient. Bitcoin can not increase its price in a day or a month. It needs years to develop and increase the price

well, when viewed from the price statistics, bitcoin does have statistics that always go up in every year, and this year is the biggest increase. I'm sure, holding bitcoin for a long time will also make us earn big profits in the future. but, it takes great patience.

[DpremiumTrades]

bitcoin is a for of investment that will grow over time. cheers brother !!

[FansUnite]

One reason is simply long term investment. It can be tough to hold and not want to sell for some (or all) profits and original capital allocation, but there are tons of investors doing this I'm sure. I have often commented on other threads and had conversations where I discuss that I don't think it would be a bad thing for bitcoin to be ''only an investment'' rather than an investment and full-time currency - though I am sure that there are arguments against this. But if bitcoin were to only be an investment and store of value, then that is a reason why you would see people holding.

And even as it gains more and more acceptance as a full-time currency, there is still incentive for people to hold as the value goes up. Spending later could allow for more buying power. Nothing in this post is meant to be investment advice.

[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

Obviously, they will earn huge profit by just holding it for a long period of time. The reason behind this is that, Bitcoin's market value increases from time to time, as well as the value that the holder will earn. Bitcoin's market value is dependent with its market demand, such that if the demand is high, its value will also be. And since its demand is continuously increasing, its market price will also too, and the profit will follow.

to me i personally in favour of long term investment, bitcoin is in fact providing us opportunities to make good profit and hope that in long term bitcoin will continue providing benefit to us. in fact bitcoin is still becoming more stronger because of the adoption of the adoption of bitcoin by the people. who are really making bitcoin more stronger.

[cyclotronmajesty]

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

Come share your thoughts

Obviously, they will earn huge profit by just holding it for a long period of time. The reason behind this is that, Bitcoin's market value increases from time to time, as well as the value that the holder will earn. Bitcoin's market value is dependent with its market demand, such that if the demand is high, its value will also be. And since its demand is continuously increasing, its market price will also too, and the profit will follow.

to me i personally in favour of long term investment, bitcoin is in fact providing us opportunities to make good profit and hope that in long term bitcoin will continue providing benefit to us.

Bitcoin is always best as an long term investment and you cannot expect to make huge profits from it in short term and if you manage to save your bitcoins for next couple or years then it will give you very high profits on your investments so do not sell your coins now and save it for future to gain higher benefits from it.

[Haynes]

my opinion, they do it as one of the strategies to meet the needs of the future. because by storing bitcoin in the wallet for a long time they are very confident that one day bitcoin prices will continue to rise then that's when they will sell their bitcoin so that profit for them will be more.

[PMmesexycoins]

Not necessarily sell it, some are waiting for it to become the mainstream. BTC made huge strides in just a few years, but the future remains hard to predict.

[JoMarrah Iarim Dan]

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

Come share your thoughts

I am one those who are saving bitcoin in my wallet for a long time. Why ? Because first I still don't need money so why to cash it out ? Secondly, I will become my saving. Lastly the most important thing is that bitcoin increases its price and I am waiting for it for a chance to double or triple the amount of money I have.
It is just my one way of earning more money. Don't you realized it ? Yes maybe you are going to wait for months to or worst year but if it can make you rich, then I better wait, its almost there.

[Alphagog]

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.

I think there is no other better option than keeping the Bitcoin for a longer term. You can for sure earn a lot of profit through this, a lot more than you ever expected to have. The way its graph is going up day by day, it will one day reach at the amount which no one have ever thought.

[JL421]

It is lot's of benefit you can earn a sort of income per year just by holding the coin. You can sell it at any price you want there is no limitations for the amount of profit you are allowed to earn. The price isn't regulated by the government which makes a big difference just research you will find so many reasons

[Jembut Ireng]

I do not think I need to wait too long like any other investment, with a hold for at least 1 year then we've got profit up to 100%. but if we want more profit, of course hold longer the better.

[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

Because bitcoin is rapidly increase every month if you store your money last year your profit now is x7 or morethan. Thats why it is good to save bitcoin for long tims

Yeah, and that is only one year of profits can you imagine the profits you are going to have if you hold for 5 years, why do you think that many early adopters have not let go of their coins even now, because they know the potential for bitcoin is big so they are not going to sell at these low prices.

[Webetcoins]

look at how bitcoin prices move, you can see graph of improvement over the past few years. if you notice the bitcoin price continues to increase, this is what we can use smartly. we can benefit from selling bitcoin that we have because we can get bitcoin at a cheaper price before.

In short time bitcoin has achieved a lot of value and importance because in bitcoin you don’t need to do work all the day just take your bitcoin keep it in your wallet and save it for long time, one of my friends having bitcoin and when he bought the price of the bitcoin was not so high and today the price of the bitcoin is nearly equal to the double of the amount he invested and still he want to keep it save for more time to get more profit.

[Tubig]

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, having bitcoin on my wallet is one way reminding myself that i am saving at a young age. It has a high value and having a souvenir for oneself isn't so bad at all.