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Author Topic: bitcoin benefit of saving for a long time?  (Read 81792 times)
Kasabus
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September 28, 2017, 04:50:25 AM
 #1321

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.
Long term savings is always advisable for majority as only few are really good into monitoring the price and do the right timing.
Most of us has life outside crypto like we have a day job where we need to bust our asses 8 hours a day and when in trading we need to concentrate.




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September 28, 2017, 06:52:31 AM
 #1322

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.
Long term savings is always advisable for majority as only few are really good into monitoring the price and do the right timing.
Most of us has life outside crypto like we have a day job where we need to bust our asses 8 hours a day and when in trading we need to concentrate.
If you don't want to work for 8 hours everyday then you need to build up a solid protection in financial like your emergency fund and have some insurance after building that then you need to have a capital for trading cryptocurrencies because it will become the possible replacement for your current job because it is possible to earn up to double the amount of your salary.
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September 28, 2017, 07:04:40 AM
 #1323

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.
High expectation to become rich through gambling , that's terrible motivation ,
You should looking for better excuse when it comes to use bitcoin ,
It's indeed could make you have the value gained more than 100 times when you hold it for long time ,
But there's benefit more than that , bitcoin could improve our quality lives through a new financial system.
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September 28, 2017, 08:22:56 AM
 #1324

9 years ago very cheap price bitcoin even no more than $1, if I had 10.000 btc at the time then I sell at present then I would be rich. but I'm sure if got 10 btc and 10 more years then we will get a huge profit.

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mamaita
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September 28, 2017, 08:51:33 AM
 #1325

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.

that's the only thing to do if you want to invest with a small risk, but sometimes it produces big, just save in a few bitcoins only, save in a few years can be profitable because if viewed from the charts bitcoin in the market it is always repeated, so save bitcoin in a long time it indeed still profitable
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September 28, 2017, 09:15:47 AM
 #1326

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 also want to have a huge profit just look at the chart of bitcoin price since it started,
It is really something and also the story of the kid who bought a bitcoin at a low price and after a couple of year he remember it and sold it with a huge profit.

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September 28, 2017, 09:47:00 AM
 #1327

Yes, but I think there is no need to tens of years like land or gold investment, we only wait for 3 years to get the profit more than 900%, according analysis experts that the average increase bitcoin is about 300% per year.

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richkellj
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September 28, 2017, 11:31:13 AM
 #1328

Bitcoin is a decentralized so expect of jot being stable of its price. But still if you buy stleast a one bitcoin and wait up to 1year you see the difference of the price of it. Aslong as bitcoin is being known by other people theyre being interested to invest money on bitcoin thats the reason were getting a high price of bitcoin
it`s very obvious , but  at the same time , reasonable. I have to say that I `d support that position. And I see a reason in that.
You are very much right. I think of someone decides to hold Bitcoin for quite a long time, then this will be the best decision ever made by him. There is no doubt in this thing that the market price of Bitcoin will continuously increase and will result in more amount of money as well as profit.
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September 28, 2017, 11:34:28 AM
 #1329

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

Come share your thoughts


They are storing it because they know the capabilities of bitcoins. Maybe they heard about the news on the kid who invested in bitcoins before and just hold it for a long time then after a couple of years, that kid became a millionaire. Because the price of bitcoins before are too cheap compared from today which ranges up to 4000$. And it might grow even more so many people are holding their bitcoins including me, hoping for the growth of bitcoins. We all want to be reach that is the main reason of it.
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September 28, 2017, 04:26:51 PM
 #1330

Yes, but I think there is no need to tens of years like land or gold investment, we only wait for 3 years to get the profit more than 900%, according analysis experts that the average increase bitcoin is about 300% per year.
it's a pretty interesting fact that bitcoin price increases about 300% per year. At this rate only savings in bitcoin will make us rich and all we have to do is hold for a long time and never short bitcoins in case of a bear market as there is always a bullish market after a bearish market, so patience is the key for investing in bitcoins, just buy and hold.
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September 28, 2017, 09:08:13 PM
 #1331

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.
The truth is that we do not need to be that patient, someone that bought bitcoin in the last year got incredible profits, if that person is really patient then he will hold for many years and then he will see the huge results of waiting for a long time, do not forget those that believe in the bitcoin technology are going to be rewarded with great profits if they just hold.

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September 28, 2017, 09:15:55 PM
 #1332

There is a clear benefit of saving bitcoin for long time, look at the history of the bitcoin's price , it is multiplied several times within few years. The holders which bought bitcoin in 2010 and 2011 created wealth by saving their coins and beinf patients.
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September 28, 2017, 09:17:01 PM
 #1333

The benefit of storing bitcoin in a long time is definitely going to be very profitable, why benefit? because every year bitcoin prices are always on the rise, so if you keep bitcoin for at least a year then you will definitely get a good profit.

 
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September 28, 2017, 09:22:27 PM
 #1334

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.
That's nice spirit from you if we are saving then we are actually doing good if we are not saving for long term then we should go for selling because there is will be no benefit if they are not talking on long term.
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September 28, 2017, 09:26:16 PM
 #1335

There is a clear benefit of saving bitcoin for long time, look at the history of the bitcoin's price , it is multiplied several times within few years. The holders which bought bitcoin in 2010 and 2011 created wealth by saving their coins and beinf patients.

That's the reason why bitcoin is good for long term.

We have seen presently how bitcoin price grows over time despite of lots of negative news and attempt to make it crash. Now do we have other reasons to believe that bitcoin will not be benefited if we save it for long time?

 
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September 28, 2017, 10:13:43 PM
 #1336

There is a clear benefit of saving bitcoin for long time, look at the history of the bitcoin's price , it is multiplied several times within few years. The holders which bought bitcoin in 2010 and 2011 created wealth by saving their coins and beinf patients.

That's the reason why bitcoin is good for long term.

We have seen presently how bitcoin price grows over time despite of lots of negative news and attempt to make it crash. Now do we have other reasons to believe that bitcoin will not be benefited if we save it for long time?
[/quote

The past 8years has shown that bitcoin has the potential to keep increasing. Imagine when it newly came out that it was almost nothing to a dollar and compare the growth to date. It is a savings plan itself.

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September 28, 2017, 10:16:18 PM
 #1337

There is a clear benefit of saving bitcoin for long time, look at the history of the bitcoin's price , it is multiplied several times within few years. The holders which bought bitcoin in 2010 and 2011 created wealth by saving their coins and beinf patients.
Truth there always a good benefit for saving and holding bitcoin for too long example of the one who became millionaire because of bitcoin he hold bitcoin from the start of this journey as see where he at now. If you have lot of patience then this won't be a problem but for me nowadays since trading is there and investment you can do what ever you want in your money while your holding.
Mr.john
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September 29, 2017, 05:28:20 AM
 #1338

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

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These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

It is good to save bitcoin and after a long years we are get some benefits on it. Many, people are holding bitcoins in there own wallet and it will wait for the time that the price of bitcoin so very high in the market. And it will have a chance to double the value of our money if the price is so high. In the way of holding bitcoin is good, we are save our bitcoin to because we are have reason to save bitcoin and we are believe that when we are saving there are so many benefits that we are gained on it so others people are willing to save their bitcoin. In saving it have a chance that soon we are become millionaire,  and it is not impossible that may happy happen. So, for now try to save and tomorrow will become rich.
Emem29
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September 29, 2017, 05:41:51 AM
 #1339

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

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yes. Theres a benifit if you saved bitcoin for a long time. Like now. If you saved a bitcoin in 2013 you have a lot of money, for exchanging bitcoin. So you are a lucky man, if you have a lot of bitcoin now.
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September 29, 2017, 06:14:09 AM
 #1340

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

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These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.
Saving bitcoin for a long time is one of the best option if you buy your bitcoin in low price, theres a benifit if you saved bitcoin for a long time because we are have reason to save bitcoin and we are believe that when we are saving there are so many benefits that we are gained on it
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