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Tubig
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September 12, 2017, 02:06:23 PM |
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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. |
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stevano
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September 12, 2017, 02:24:35 PM |
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Take a look at the bitcoin price chart since its introduction some years ago and you will see what the benefit of saving it for a long time was.
However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.
you should save some of your bitcoin in part, and the rest again sold if you have a need if not yes we simapan all until waiting for higher prices |
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chalkboard17
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September 12, 2017, 04:58:51 PM |
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Take a look at the bitcoin price chart since its introduction some years ago and you will see what the benefit of saving it for a long time was.
However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.
Bitcoin always increases its price and holding bitcoin for a long time will give you a big profit. However, the higher the price is ,the longer time you might hold. And holding bitcoin will accidentally make it become a form of investment which will make the price of bitcoin higher. And if it happens, more people will hold bitcoin instead of spending it |
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kamikadze69
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September 12, 2017, 05:05:50 PM |
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they will benefit from very high and too frequent bitcoin fluctuations. with so many fluctuations going on, they can get a lot of benefits.
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aeternus
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September 13, 2017, 04:14:47 AM |
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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
Governments cannot try to regulate bitcoin price, they may try to manipulate it indirectly by banning bitcoin or by imposing taxes or by dumping all their holdings if they have any but bitcoin cannot be manipulated because they cannot print bitcoins, even if they create their own crypto it will be a separate coin not bitcoin. |
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Kasabus
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September 13, 2017, 04:34:10 AM |
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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
Governments cannot try to regulate bitcoin price, they may try to manipulate it indirectly by banning bitcoin or by imposing taxes or by dumping all their holdings if they have any but bitcoin cannot be manipulated because they cannot print bitcoins, even if they create their own crypto it will be a separate coin not bitcoin. They can only regulate the company like exchanges but it terms of pricing that would depend us, the basis law will play all the time and that law is very simple which is the law of "supply and demand". When you are a trader, this is important to you, you buy low and sell high. |
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Samueltalk
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September 13, 2017, 05:23:45 AM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Storing bitcoin in your wallet is safer, later when you are going to sell bitcoin in considerable profits. It is the best way for everyone who has known bitcoin ... |
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Pakboy
Full Member
 Offline
Activity: 195
Merit: 100
"Proof-of-Asset Protocol"
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September 13, 2017, 05:31:15 AM |
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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 holding bitcoins have many advantages. I gained many benefits because of the bitcoin. I first bought bitcoins when the price is still low and I will sell it in the near future. |
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Rebisco
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September 13, 2017, 05:37:07 AM |
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they will benefit from very high and too frequent bitcoin fluctuations. with so many fluctuations going on, they can get a lot of benefits.
I agree to you that the fluctuations is the main benefits for saving in a long time. The value of the bitcoin is still rising up and of course the value of our bitcoin is also rising up. |
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killerfrost
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September 13, 2017, 05:41:28 AM |
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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 dare to assure you that there are no profitable savings like Bitcoin savings for a long time. So you should invest in Bitcoin, do not need to do anything, just hoard it in your wallet, after a while, you will notice a huge difference. |
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ButtCrack
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September 13, 2017, 05:49:28 AM |
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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 holding bitcoins have many advantages. I gained many benefits because of the bitcoin. I first bought bitcoins when the price is still low and I will sell it in the near future. Why is near future? Do you have not any plans or target price for sell your Bitcoin in future? If you want hold Bitcoin in any terms, you should create some targets before buy and hold it! |
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galestorm
Sr. Member
Offline
Activity: 448
Merit: 251
Futurov
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September 13, 2017, 05:52:48 AM |
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There are two benefits while saving bitcoins. First is the accumulated bitcoins multiplying over time and the chance of its price increasing, double than before. That's just it and i dont see anything that would add up to these benefits.
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qwertyfull
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September 13, 2017, 06:08:29 AM |
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there are so many benefits of bitcoin, there are like you have the profits because of the increasing of the volume and the price of bitcoin time by time, also there are the time that bitcoin halving which will be cost the bitcoin increase.
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Sled
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September 13, 2017, 06:12:14 AM |
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there are so many benefits of bitcoin, there are like you have the profits because of the increasing of the volume and the price of bitcoin time by time, also there are the time that bitcoin halving which will be cost the bitcoin increase.
Bitcoin halving is one of the best event in bitcoin because it reduces the block reward which makes mining or getting bitcoin even more harder and because of that difficulty the price is adjusting to justify the effort that the miners are putting and they make the price of bitcoin higher so if you will save bitcoin and keep it for long term then you can have a chance to witness and get profit from that halving event. |
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garmerys
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September 13, 2017, 07:10:07 AM |
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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... Great and I m seeing this that it seems you've doubled your capital already and though it would take more time I think it would be better to still hold on to your bitcoins for now. I think the best is still a hard of us and your BTcs may be a lot more valuable in a couple of months or by the end of this year. |
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janedt
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September 13, 2017, 07:19:19 AM |
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there are so many benefits of bitcoin, there are like you have the profits because of the increasing of the volume and the price of bitcoin time by time, also there are the time that bitcoin halving which will be cost the bitcoin increase.
Bitcoin halving is one of the best event in bitcoin because it reduces the block reward which makes mining or getting bitcoin even more harder and because of that difficulty the price is adjusting to justify the effort that the miners are putting and they make the price of bitcoin higher so if you will save bitcoin and keep it for long term then you can have a chance to witness and get profit from that halving event. It is, halving is one of the best moment for all bitcoin users. The price of bitcoin significantly increase so high on that day, people who invest and saving their bitcoin before halving must be good and enjoying their profit right now. That is one of the benefit of saving bitcoin but saving bitcoin is not always good. The bitcoin price can decrease anytime too so be prepare for it too. |
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rocketbits
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September 13, 2017, 10:06:05 AM |
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I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.
Well the first thing that comes to mind when you talk about saving for a long time is simply profit. There's really not much into it and it's proven that if you are patient enough not to withdraw or sell your btcs, the amount you have today would have grown considerably after a few years Everyone is saving bitcoins for this very reason and that is the tempting profit generated by bitcoins. Bitcoins are used as investments now by most of the investors rather than currency. They are not suing bitcoins much in trading just because bitcoins always increase considerably after every dump. |
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Ziskinberg
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September 13, 2017, 11:09:12 AM |
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I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.
Well the first thing that comes to mind when you talk about saving for a long time is simply profit. There's really not much into it and it's proven that if you are patient enough not to withdraw or sell your btcs, the amount you have today would have grown considerably after a few years Everyone is saving bitcoins for this very reason and that is the tempting profit generated by bitcoins. Bitcoins are used as investments now by most of the investors rather than currency. They are not suing bitcoins much in trading just because bitcoins always increase considerably after every dump. Bitcoin can be used at anything because it's a currency at it has a value, I still think that this would not rise if majority of the users are investing since they will just keep it and there is no circulation. The people who are actively using bitcoin helps to increase the circulation and that creates demand so we investors are benefited, still it's a currency in general, it is only a good investment because it's popular. |
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Bestwishes745
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September 13, 2017, 11:10:42 AM |
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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. I suggest that they are the type of holders that hold their coin for a long time and the coin they store into is being bought by very small cheap amount and they will just wait for highest possible price and then sell it for their profit. This will help to create a better understanding too. |
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bakkang
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September 13, 2017, 11:29:12 AM |
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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 think the biggest benefit that you can get in keeping your bitcoin for a very long time is that you can earn a lot of profit. But there's a possibility that the price of bitcoin has been decrease due to its not stable price. So I think if you have the coins now just sell it than regretting in the future. |
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