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Author Topic: bitcoin benefit of saving for a long time?  (Read 82238 times)
just_Alice
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September 22, 2017, 09:34:35 AM
 #1281

they believe bitcoin price will go more than 10,000$ so that they save it

So you mean that bitcoin price wont go that high? I am the witness of this coin, from $100 and now it is $3k per coin. Do you still doubt this coin? With big of adoption this price will increasing fast enough and no one can predict it. And nowadays I jusr found out that most of my friend just started it. So it will never be too late to save this


                      I haven't really seen it with my own eyes and even witnessed it before, but i have high hopes and expectations that it will rise that high in the future. Maybe some are really doubtful just because they jsut getting started or they haven't seen it before or maybe afraid that it was another schemes from past that they were being victimized.

Bitcoin indeed may look to some like a pyramid scheme, they even say it in the media. In a way any business is like a pyramid scheme in the sense that if people will stop using it it will die. But in fact there's a big difference: any pyramid scheme is supported solely by the money of the people involved, nothing else supports it and when people start to leave the pyramid falls down. With bitcoin, like with other good enterprises, when some people start to leave the others, who remain, will start having more profit.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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jekjekman
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September 22, 2017, 11:25:15 AM
 #1282

they believe bitcoin price will go more than 10,000$ so that they save it

So you mean that bitcoin price wont go that high? I am the witness of this coin, from $100 and now it is $3k per coin. Do you still doubt this coin? With big of adoption this price will increasing fast enough and no one can predict it. And nowadays I jusr found out that most of my friend just started it. So it will never be too late to save this


                      I haven't really seen it with my own eyes and even witnessed it before, but i have high hopes and expectations that it will rise that high in the future. Maybe some are really doubtful just because they jsut getting started or they haven't seen it before or maybe afraid that it was another schemes from past that they were being victimized.

It is just hard to wait for a long time when it comes to holding your bitcoin or any other cryptocurrencies as it is so boring, We can't really blame those people that still doubt the potential of bitcoin especially those that are new in the scene.

I believe also that bitcoin will reach $10,000 soon even though there is an issues that really affects the price of it that resulted to the fall down of it, but again it is not bad because it already reaches the $5,000 mark and there is no easy climbing or shortcuts, bitcoin needs to face the process of the crypto market as there is no stair way to success, it is always step by step and let the naysayers and haters spread their opinions.
danim1130
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September 22, 2017, 11:27:33 AM
 #1283

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

Come share your thoughts

This question is for those people who is patient and willing to wait just for their future,. for sure those who are save their bitcoins will be rich in just a matter of time. goodluck
dhas
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September 22, 2017, 12:02:26 PM
 #1284

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

Come share your thoughts

Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.
halych
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September 22, 2017, 12:24:08 PM
 #1285

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

Come share your thoughts

Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.

Most likely, such people do not just prefer to save, but simply afraid to invest their coins in some kind of scam and think that it will be more reliable to keep in their purse.

CryptoLoverz
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September 22, 2017, 12:27:23 PM
 #1286

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, they wait for the best price. the price that can be touch before.
 for me bitcoin just for short time, so i can trade it when i want, and will be profitable for me.
if you have patient enough to wait for long time, its no problem
Chris314
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September 22, 2017, 12:35:13 PM
 #1287

Two reasons to get bitcoin and hold it in my wallet :
- hope for a better value in the coming years
- hope for a easier way of spending them in the future, when a lot of marketplaces will use it as a way of payment. That will help bitcoin to increase in value as well.

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Surrapatt
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September 22, 2017, 01:06:22 PM
 #1288

It seems yes. Bitcoin promises a great benefits just holding it for a long time. We all look to the future about crypto, speculation and rumors against the conventional currency will support bitcoin for larger users.
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September 22, 2017, 01:23:16 PM
 #1289

You can only save bitcoin for a long time if you are doing it for a part time, it is still important that you have a real job outside the online community. It will not give you a stable income if you only focus on cryptocurrency. Where can you get the daily expenses if you are not yet ready to sell your coins? So you still need to spend your saved coins.

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jakezyrus
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September 22, 2017, 01:42:16 PM
 #1290

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 they they could earn more profit if they hold it and wait for a  much higher price in the future as you bitcoin has a lot price hike since it has born, so much more people are expecting that it would still rise even if there are some time that prices is fluctuating because bitcoin is volatile.
Rojectime
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September 23, 2017, 06:32:51 AM
 #1291

If you appear at the historical efficiency of bitcoin, even the last few a long time, we have witnessed how plainly it has been capable to outperform most other investments out there. If that is not good adequate purpose to maintain bitcoin for a extended time, then I do not know what is. As with any other sort of expenditure, there will be volatility and pitfalls concerned but as prolonged as the cost keeps its lengthy time period expansion intact, I will preserve a portion of my bitcoin stored.
Naughty Princess
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September 23, 2017, 06:44:39 AM
 #1292

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

Come share your thoughts

Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.

People keep their coins in their wallet because they are waiting for the price to rise up more which will double the amount and gain more profit. And also prefer to save because it is much better and safer from scamming and other fraud that cause to lose the profit.

Punisherx100
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September 23, 2017, 06:54:34 AM
 #1293

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

Come share your thoughts


Actually I am the one who are holding bItcoins. Like other bitcoin users, I am holding bitcoin for future purposes because as we all know bitcoin price is unstable and continuously rising. You will benefit soon if you hold your bitcoin too, you can use it with a higher value and therefore you can buy many other things compared if you spend or sell it today.

ongels
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September 23, 2017, 07:02:00 AM
 #1294

Yes that's very true, in the first place bitcoin has limited in supply here on earth and when people interpret bitcoin as a fiat currency , most of them are puzzled and engaged to dig in it for they know money comes after. and we all witnessed most of the people earn a good profit, as the time goes along, many people are demanding to have some piece of it and the more got a widespread news about the benefits of bitcoin it turns out the value are rises. and in the near future will continually exist this will become more expensive.
Matimtim
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September 23, 2017, 07:12:13 AM
 #1295

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

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Many people here that are storing their bitcoin in their wallet instead of spending it on buying something that they want, it because they are waiting for the higher price of bitcoin.

Bitcoin price will rise and rise in everyday or else a month and year so they are waiting for higher price of bitcoin.

jonatuzc
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September 23, 2017, 09:33:13 AM
 #1296

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.
I think every bitcoin holder must keep one think in mind that keep your eyes close on the market and when you realize that the price is now stable and will not grow up anymore then there is no need to hold your bitcoin in your wallet for any longer, because it may eliminate your investment due to low price in the future and if remains constant, it is then the time to sell your bitcoin and withdraw your money.
50ouncebrew
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September 23, 2017, 01:23:45 PM
 #1297

People store their bitcoins in a bitcoin wallet, usually cold storage, for holding for a long period of time as more people join the network and bitcoins become more and more scarce.



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nkarm1
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September 24, 2017, 05:15:04 AM
 #1298

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 benefits are so obvious, looking at its growth since 2009 you will really have a benefit for sure. Bitcoin's price just grows almost 5000% since it's birth, and imagine if you are a holder of hundreds or thousands bitcoins within the range of 2009-2015($1-$400)man the benefits will slap you in your face right now with its $4k+ price .  Grin. Because of those events, all of the people here have really high hopes for their future. So if you have savings​, storing it in your cold wallet for a long time is a good idea.
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September 24, 2017, 06:06:59 AM
 #1299

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 is because they patiently wait for bitcoin to have a higher value and as of this time that is worth the wait because the value of bitcoin really boost up and they are lucky to keep those bitcoin for a long time and i think that they are already richer by now.

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September 24, 2017, 11:44:48 PM
 #1300

Yes. Because, i heard alot stories about people who hold bitcoin get a very good advantage with current price conditions. Bitcoin is very popular, and my friend says bitcoin is more profitable than gold.
It is a fact that bitcoin is more profitable than gold, there is not a competition there, gold almost does not move and bitcoin moves up and down very rapidly and this creates the perfect scenario for a trader if they are able to figure out how and when the price of bitcoin is going to move then they are going to get big profits.
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