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Author Topic: bitcoin benefit of saving for a long time?  (Read 81785 times)
jonatuzc
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September 23, 2017, 09:33:13 AM
 #1301

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

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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.
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50ouncebrew
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September 23, 2017, 01:23:45 PM
 #1302

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
 #1303

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

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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.
palensya
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September 24, 2017, 06:06:59 AM
 #1304

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

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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.

drachman
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September 24, 2017, 11:44:48 PM
 #1305

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.

Konthol Ngaceng
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September 25, 2017, 02:29:26 AM
 #1306

That's the thing that many people do not know, when they get a little profit then they immediately sell and buy again and so on, but with an easier way we can get a profit that we keep for a long time (at least 3 years).
Siren
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September 25, 2017, 02:38:39 AM
 #1307

That's the thing that many people do not know, when they get a little profit then they immediately sell and buy again and so on, but with an easier way we can get a profit that we keep for a long time (at least 3 years).

But you have to think as well that those who wants to get profit can't be blame. Most traders have exit points as well. So if they see that the price goes to $5000, its no brainer to sold it off because that's they exit point. And then buy again in the entry point they have in mind, just like the last time, entry point it $2800-$2900.

But if you are really into bitcoin for the long term, then you wouldn't just sold in at any time, unless you need fiat for emergency. You buy and put it in a secure wallet like paper or hard wallet and forget it for the long time.
ApocalypseNow
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September 25, 2017, 02:43:45 AM
 #1308

Bitcoin's benefit is very exceptional compared to other investments out there. Let's say you bought 1 btc today for $4000-4500 and just wait one year and expect your investment to be double or it could be more than that. If your'e planning to save it for a long time then you'll have a bright future ahead of you.
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September 25, 2017, 02:46:42 AM
 #1309

The way I see it, if BTC continues to rise in value, being essentially deflationary in nature, then the ROI taken in a long-term view, such as 20-30 year view, seems more sustainable and more profitable then even many modern blue-chip stocks.  Having your money diversified is key here.  I'm against BTC fanatics idea that BTC is the end all, be all.  You will hear individuals claiming that BTC will be the world-wide currency, that it's value will sky-rocket, etc.  They promote their own ideologies in what they see in BTC, a de-centralized, unregulated cheap currency based on cooperation and cryptography.  It is a beautiful thing, but I believe it is wiser to broaden your investments.  Anything catastrophic could happen in the BTC market, and small decisions by a relatively small number of people could end up wiping out a significant portion of individuals' BTC's.  The same concept applies to the stock market, real estate, precious metals, etc.  They're all volatile, and mired in human error and unpredictability.  Crypto smart, just don't bank your whole portfolio on it.
CornHub
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September 25, 2017, 02:49:06 AM
 #1310

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

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They will benefit with that. because, in that way their bitcoin and the price of it will surely increase as time passes by. Because bitcoin have a limited supply so I think that is profitable.
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September 25, 2017, 02:56:50 AM
 #1311

Trading is just like saving because you keep your coins on an exchange wallet. It is worth waiting for the long time because the trend of bitcoin price is going up, not only bitcoin alone also those altcoins which have potential and promising.
BTC is really profitable that's why many users are engaging day by day.
Chienna
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September 25, 2017, 04:02:40 AM
 #1312

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

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They store for a long time because everyday the rate of bitcoin has different rate. So if the rate has low value they store it to wait for rhe high value before they convert it. If they store ot no hassle if they need some money in rhe other day.
mustakforum
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September 25, 2017, 06:16:57 AM
 #1313

everyone keeps the bitcoin in his wallet, because it will feel safe. then wait for the price to go up and then sell it.
kidsuzudn
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September 25, 2017, 06:23:23 AM
 #1314

everyone keeps the bitcoin in his wallet, because it will feel safe. then wait for the price to go up and then sell it.
No , it's not safe if you only keep your bitcoins in the wallet only, you need the private key of that wallet and save it to the place that noone can see it. The private key is the most important thing to recover your wallet when problems happen.
Osarman
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September 25, 2017, 08:50:27 AM
 #1315

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

As it is new and fast growing digital currency of the world that’s why its price is also increasing day by day.

I feel observing today’s rate and the future predictions about the price of bitcoin one should keep his bitcoin in his wallet because in the future his bitcoin will give him much higher earnings, instead of selling today. Long time more profit is the ideology of bitcoin. But keep in touch with the bitcoin market for updates.
Qastessa
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September 26, 2017, 06:10:58 PM
 #1316

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.
No doubt that the price of the bitcoin is going to be high in the coming days. The price and the value of the bitcoin are dependent on the use of the people who are using and investing in bitcoin. It is very good to hold your bitcoin for the long time, it will make you earn good profit even when you will not have any source for the income of your home you will be able to cash out your bitcoin and get the profit from it.
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September 28, 2017, 02:22:20 AM
Last edit: October 02, 2017, 10:35:58 PM by aeternus
 #1317

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

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Saving bitcoin even if it takes a long time can surely give you a very worth benefit. Have you heard about someone who biy pizza? By that time bitcoin has very low price and he did not expect that in the near future bitcoin price will rise and rise and rise again. If he saved it until even this year he is surely a millionaire now (billionaire maybe?) Do you want to the same thing to happen to you? Of course not, right? So do not hesitate to save bitcoin even if you are going to wait for a long time for the price to rise again.
If you find it difficult to save, you can try trading but still ypu have to wait for the price to rise to sell and wait for the price to become low to buy. See? There is no easy but is beneficable.
The pizza guy was in this forum however even if he spent those coins it is very likely that he still held a good amount of bitcoins besides those so it is very likely that he is still a millionaire anyway, so at the end nothing probably changed for him.
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September 28, 2017, 02:51:58 AM
Last edit: September 28, 2017, 03:04:36 AM by 0t3p0t
 #1318

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

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People are storing their Bitcoins in their wallets for a long time because of chances and or benefits of having bigger profit in the future. I actually did the same but I am now holding more altcoins rather than Bitcoins since I have only small amount of it. As of now the percentage of my holdings are 80% altcoins and 20% Bitcoins. Bitcoin is the best choice for long term investments. For me holding coins in our wallets is the safest thing to do in investing cryptocurrency.
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September 28, 2017, 03:02:19 AM
 #1319

There is only on reason why a lot of people save bitcoin, most of them even trade altcoins to bitcoin, and the reason is to get more profit. Making profit out of bitcoin is their main goal, we know that bitcoin is the most popular coin in the cryptoworld because it already made lots of investors rich!. So now everyone is wanting to have a share of that wealth.

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September 28, 2017, 03:13:19 AM
 #1320

I think if we save Bitcoin for a long time there is a chance of its fluctuated nature. So if we invest bitcoin instead of saving this will good. If we are risk taking personality we should save it for a long time in wallets. There are so many reasons to save it for a long time if we have huge amount of bitcoin and its price goes up there is a chances of growth in profits.

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