bitcoin benefit of saving for a long time?

[KenChanYu]

I think I'm doing because I'm rubbing my job half of my salary goes to my wallet and half for home expenses not to let you know what you have to do at least twice so that's why It's a good idea to keep your bitcoin in your wallet. It's a bit like a little bit of your own wallet. It's just a little bit behind your own for you to buy the stuff you want and what else ..

well i think it is simple ,looking back to the future we see that the price of bitcoin is getting high its year and sometimes it well go down but it really end up in high price .i think the benefits of holding bitcoin for a long time is really a  big benefits in a future because the poasibility of rising is always there .no one can controll the price of bitcoin even the owner really dont know how biycoin rise .it is said to be that if we hold it for a long time maybe we well gain the big profit. We only need to believe on it.

[King Sastro]

Most new bitcoin users will sell when there is a price increase, they can not wait to hold so some time later they buy at a more expensive price, I agree that the profit bitcoin will be felt if we hold for a long time.

[Mailly]

Holding on to Bitcoin whilst the price tag goes up is a really good notion due to the fact that would mean that you will have much more money for you Bitcoin even though the volume of Bitcoin does not modify when that transpires. A single Bitcoin will continue to be at a solitary Bitcoin if  there is only that amount inside of of a Bitcoin deal with.If Bitcoin raises the audience that it has then Bitcoin is most likely to have a larger price and that transpires far more frequently presently.

[Francer]

Indeed which is proper. If you are individual sufficient, revenue will come to you with btc. I will say that some % of your saving need to be invested in bitcoin which will help you to retire a rich existence as cost of btc is growing and tends to increase in foreseeable future as effectively.

[Skyshark]

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 you are asking about, what benefits did people who stored their bitcoins in their wallets for a long time got in doing so. Then the answer is very simple, they go rich!, their stored bitcoin gave them so much profit that now they are just having financial freedom, being able to buy thing they want whenever, wherever and with whoever they want. Thats the benefit that they've received.

[raliyat]

In the dream of Bitcoin will benefit of saving for a long time will be true because the rate of Bitcoin is giving confident to invest in long term we can book the profit anytime whenever we required.

[Gotumoot]

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

Come share your thoughts

People hold their bitcoins for long time because they  want to make their savings more profitable and if they think that it's hign enougn to sell, they only sell it into higher price than the price before they put their savings in their wallets.

[enwi]

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 keep bitcoin in the wallet because they wait for the right price to sell it, they wait for the high price according to the profit they want to get, the person who keeps the bitcoin for a long time is the one who has patience and they will get the result of his patience

[perfect999]

The benefit could make you a millionaire. Remember way back when bitcoin cost only 50 dollars and you bought even 1 coin. That coin today almost cost a 6000 dollars which your 50 dollars could have been. Also this is because bitcoin is constantly growing since then.

The most important factor of saving bitcoin for long time is that it keeps increasing in value and in the way the owner keeps getting profit without doing any hard work. Bitcoin even in the passive form i.e. while hibernating in the wallet can generate profits that no other coin can do with trading, holding etc. in short, if you really want to be a millionaire, keep holding bitcoin for years.

[reda]

The benefit could make you a millionaire. Remember way back when bitcoin cost only 50 dollars and you bought even 1 coin. That coin today almost cost a 6000 dollars which your 50 dollars could have been. Also this is because bitcoin is constantly growing since then.

The most important factor of saving bitcoin for long time is that it keeps increasing in value and in the way the owner keeps getting profit without doing any hard work. Bitcoin even in the passive form i.e. while hibernating in the wallet can generate profits that no other coin can do with trading, holding etc. in short, if you really want to be a millionaire, keep holding bitcoin for years.

Bitcoin is beater to save the future purposes. It will become grownup the process it the easy to work and you will learn you will get more information for the future income gaining. Bitcoin is the future currency it will incress the prices value. So it will use the all country some country is not accept. But it will accept the coming future. It good for the future growth.   

[Engand]

Bitcoins advantage of saving it for a lengthy time?Effectively, it has large possibilities of multiplying its worth when stored for a more time interval of time. Traders alike would feel that it is much better to gamble with the cash they have than go away it not earning at all. This situation presupposes that the financial capacity of buyers are in tact. 

[jimn]

There is a clear benefit of saving bitcoin for a long time, obviously you make huge profit this way. Check the Bitcoin's price chart since 2010 until now, it is increasing from less than 1$ to over 5000$ actually. You can imagine how much profit generated the people who bought in 2010 for example

[arlinxoha]

Yes of course!
Bitcoin gives us savings facilities for a long time. Because if you spend long time investing in bitcoin, you can save and even earn a lot of money. Bitcoin prices are increasing day by day.

[chip1994]

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

Come share your thoughts

People hold their bitcoins for long time because they  want to make their savings more profitable and if they think that it's hign enougn to sell, they only sell it into higher price than the price before they put their savings in their wallets.

Of course, why do I need to sell my Bitcoin at the price lower than my buy price? It means I will not have profits from Bitcoin after invested into it, unless I know the price of Bitcoin can falls down and I can buy back more amount of Bitcoin, I will accept to sell my Bitcoin with small loss.

[_Dawid_]

Mainly because of profit which it brings. For sure trading could give them higher earning but it is simultaneously much harder and you need to pay attention + spend you time. Long time investment are more comfortable, you only buy crypoto and hide somewhere for few months/years. Then sell and repeat doings.

[crazycatwoman03]

Mainly because of profit which it brings. For sure trading could give them higher earning but it is simultaneously much harder and you need to pay attention + spend you time. Long time investment are more comfortable, you only buy crypoto and hide somewhere for few months/years. Then sell and repeat doings.

I disagree with you.  We cannot always guarantee the price hike of the coins and even for bitcoin.  I am willing to make a long time investment but unlike you I wouldn't just depend for the volatility of the coins in going higher and higher so that I may earn profit.  Trading is still much better for me since I can control whether of I am going to earn or not.  Another thing is that while waiting for the profit in my investment,  I prefer earning bitcoin at the same time.

[Fretcy]

Since the inception the bitcoin network shows a continuous growth in the crypto market like normal financial market there will be ups and downs or bubble and burst, if you observe the bitcoin chart the prices have increased drastically now it has reached $5576, the prices keep on fluctuating like in normal financial market. So I would say if you invest for longer time you will be able to make huge profits out of bitcoins, like there are lots of people who have become live examples on how to be a billionaire with all their investment on bitcoins.

[n0ne]

Mainly because of profit which it brings. For sure trading could give them higher earning but it is simultaneously much harder and you need to pay attention + spend you time. Long time investment are more comfortable, you only buy crypoto and hide somewhere for few months/years. Then sell and repeat doings.

I disagree with you.  We cannot always guarantee the price hike of the coins and even for bitcoin.  I am willing to make a long time investment but unlike you I wouldn't just depend for the volatility of the coins in going higher and higher so that I may earn profit.  Trading is still much better for me since I can control whether of I am going to earn or not.  Another thing is that while waiting for the profit in my investment,  I prefer earning bitcoin at the same time.

Yes that's true, rather than just holding its good to make an additional profit with what we have in our wallet. The price growth on long term holding gives a profit, but the trading involvement will surely benfit bigger. Also we're not sure of the reality after years, so making use of it at the present seems effective.

[tengek37]

It's the same with my mind, because if only the first time there is bitcoin and the price is still very cheap and if I knew the price would go up like now, I would definitely buy a lot of bitcoin back then. Maybe it will happen again for some time to come, so bitcoin is great for long term investment.

[patrickj]

It's the same with my mind, because if only the first time there is bitcoin and the price is still very cheap and if I knew the price would go up like now, I would definitely buy a lot of bitcoin back then. Maybe it will happen again for some time to come, so bitcoin is great for long term investment.

Yes bitcoin is a good investment but for a long term investment it is not because it is fluctuating from time to time. As you said "if only the first time there is bitcoin and the price is still very cheap and if I knew the price would go up like now, I would definitely buy a lot of bitcoin back then"

So this conclude that bitcoin is not preferably good for long term investment right now because it has high price now and you cannot know when will it fall to make a good investment. I think the new altcoins is best for long term one because it has very cheap price. You just have to pick the one with potential to grow after 2 years or more.