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Smarty14392
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October 20, 2017, 07:36:19 AM |
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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. The most valuable benefit of bitcoin is earning extra money in the long run. As it is a digital currency business therefore it will give you the fruit after some time and the businesses all the world has the same phenomena. No business will give the profit from the very first day. You will have to wait for some time and then you will earn handsome money from your business. The same is with bitcoin. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Python2.5
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Activity: 56
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October 20, 2017, 08:14:07 AM |
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Its an easy answer. Saving and hope that bitcoin will rise more at the future. That profit you gain will be use for the investments you are planning to have for a long time.
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Activitycoin
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October 20, 2017, 08:16:34 AM |
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Prior to when i was beginning in this BTC group, my colleagues informed me to conserve some BTC and I failed to understand what for. I am just conserving it for no purpose since i never evidently comprehend what is the goal of it, and then suddenly i started to comprehend tiny by tiny that i obtained rewards from saving as properly.
Saving is always an good habit either in fiat or in bitcoin but the fact is if you save bitcoins for very long time then you will get best results in long term as the price of bitcoin keeps on appreciating which is not possible with fiat and if you have saved your bitcoins from year or a two you will understand the importance of saving and in future your holding value keeps on increasing depending on the price of bitcoins. Yes I agree with you saving is good habit and that’s what I am doing it forum a long time I always buy bitcoin when the price is low and then I am waiting for the right time when the time come so I sell all my bitcoins and it really give me a good profit because bitcoin price is high in my country and specially when bitcoin price become high so then it’s too high in my country. |
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rikybrosh
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October 20, 2017, 08:18:31 AM |
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So many people are interested in bitcoin now, but the amount of bitcoin is limited. This condition makes the price of bitcoin keep rise. Thats why saving bitcoin in long term is profitable.
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Dralarn
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October 20, 2017, 10:24:22 AM |
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I think it's admirable that there are some people who bought BTC back in 2009-10-11 and still keep their bitcon without even having spend a single one up to this day. You've all seen the wallets with only "in" transactions which if you come to think of it, is quite insane. BTC has been through so much growth, and these wallet keepers have shown so much courage in keeping the coins and not giving up on the idea of a decentralized currency. They are one of the reasons why BTC is doing so well lately. Imagine having made a million back in 2013 by having BTC, and still keeping it in your wallet, and now reaching a fortune of hundreds of millions of dollar, and still not blinking (selling any of your holdings). You can tell that these people are not greedy or are not after the money because if they were, they would have already withdrawn most of their holdings. What they do is believing in the idea behind BTC which is a decentralized economy for everyone.
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Sled
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October 20, 2017, 11:44:06 AM |
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So many people are interested in bitcoin now, but the amount of bitcoin is limited. This condition makes the price of bitcoin keep rise. Thats why saving bitcoin in long term is profitable.
It is not only dependent on the supply of bitcoin because if bitcoin has a continuous demand in the market then the price will continue to go up and the good thing is, that is what is happening in bitcoin and you can see that bitcoin has a very limited supply and it can't be increase and the demand are keep coming and if we will keep at least 5 bitcoins for the next 5 years then we can easily become millionaire. |
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Wong Gendheng
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October 20, 2017, 02:30:56 PM |
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When prices go up then most people will take profits by selling bitcoins, but not how long later they buy again even with a higher price, this is a mistake, we better keep bitcoin for longer time, do not be tempted to sell bitcoin even though the price rises because it will continue to rise.
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yanlap
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October 20, 2017, 06:11:37 PM |
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Its an easy answer. Saving and hope that bitcoin will rise more at the future. That profit you gain will be use for the investments you are planning to have for a long time.
Yes for sure it is important because the money in the bitcoin will increase your income and will give you the bright and the save future so if you are having the money and you want to invest your income in the bitcoin so buy the bitcoin hold for the long time and then you will be able to sell your bitcoin at a very high price and in the future you will be able to enjoy the profit. |
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cyclotronmajesty
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October 20, 2017, 08:53:22 PM |
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When prices go up then most people will take profits by selling bitcoins, but not how long later they buy again even with a higher price, this is a mistake, we better keep bitcoin for longer time, do not be tempted to sell bitcoin even though the price rises because it will continue to rise.
There is no doubt that price will continue to rise in future and there will be also an downfall in the price so a person who wants to make quick profits will surely sell his coins when price is high and buy it back when price drops and that is the best way to make profits and what is high or low price will depend on the individual and it may vary from person to person. |
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YTBitcoin
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October 20, 2017, 08:57:43 PM |
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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.
Bit coin is the most valuable digital currency of the world in this day and so is the profit because of the very high price. My decision is to keep bitcoin in all conditions because I think that bitcoin is a digital coin business and I will quit this business because quitting means stopping your earnings and benefits. Therefore I suggest to everyone to hold their bitcoin for long time and earn more profit. Yeah you said it well. Bitcoin is digital currency and it produce itself with technology. It means for all the time if there is technology, bitcoin can be produced. So bitcoin is the future and we all are going to evident it in future. Thus, keeping your bitcoin with you is highly recommendable because prices are getting higher and higher. With dips, there are more pumps, so keep holding. |
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hurain
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October 20, 2017, 10:55:02 PM |
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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.
Bit coin is the most valuable digital currency of the world in this day and so is the profit because of the very high price. My decision is to keep bitcoin in all conditions because I think that bitcoin is a digital coin business and I will quit this business because quitting means stopping your earnings and benefits. Therefore I suggest to everyone to hold their bitcoin for long time and earn more profit. Yeah you said it well. Bitcoin is digital currency and it produce itself with technology. It means for all the time if there is technology, bitcoin can be produced. So bitcoin is the future and we all are going to evident it in future. Thus, keeping your bitcoin with you is highly recommendable because prices are getting higher and higher. With dips, there are more pumps, so keep holding. Holding bitcoin is also good in a sense if you are not a good day trader, there are so many people who are afraid to lose their money as they do not have good experience in trading, so for these people i think holding bitcoin is a very simple investment and they can even get more profit from day trading, but they need to remain calm and patient and wait for the good time to sell their bitcoins. |
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finzyoj
Sr. Member
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CryptoTalk.Org - Get Paid for every Post!
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October 20, 2017, 11:29:56 PM |
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So many people are interested in bitcoin now, but the amount of bitcoin is limited. This condition makes the price of bitcoin keep rise. Thats why saving bitcoin in long term is profitable.
Many people are in bitcoin because there is an opportunity to earn big and make investment. Investing for a long time is good because bitcoin price rises every year which give more profit to those who hold and do not panic during the dumps. |
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Chyton
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October 21, 2017, 01:42:28 AM |
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I would say the benefit of saving for a long time is mainly appreciation of Bitcoin price.
Take an example if you bought 10 Bitcoins at $5 each, now you will have around $55,000. This is what those people are waiting for in the future, massive appreciation.
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bubble pop
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October 21, 2017, 01:55:14 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
They are storing because it might worth millions as time pass by, bitcoins value are not stable it grows and it also falls. May be you heard about the kid who invested before or bought bitcoins before then hold it for years and now he is a millionaire, because that bitcoins he bought before when it was just cheaper, it is now worth millions. So a lot of people especially bitcoin enthusiasts, are inspired to be a millionaire by just simply buying bitcoins and holding it for a long time. Also me are holding bitcoins, bht I dont usually buy it, I earned it by joining in a signature campaigns, it is less risky than buying. |
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Semaj123
Member
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Activity: 434
Merit: 10
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October 21, 2017, 01:56:22 AM |
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So much benefit if they would do that,maybe 10x or greater than that.Some people save their bitcoin rather than investing because they wNt it more secured and afraid of losing.
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Cacingkemi
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October 21, 2017, 02:01:38 AM |
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I would say the benefit of saving for a long time is mainly appreciation of Bitcoin price.
Take an example if you bought 10 Bitcoins at $5 each, now you will have around $55,000. This is what those people are waiting for in the future, massive appreciation.
It's not possible BTC back to the beginning,5$ is a tough price too many guardrails in the market to plant big price at 500$. don't 5 $ to 100 $ course BTC price will not go down that easy dude |
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Hotel_Prodeo
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October 21, 2017, 03:17:24 AM |
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I think not, bitcoin is also beneficial if we keep it for a short time, for example that happens with today that goes up over $ 340 in 24 hours, but if we keep for a long time then we can get profit up to hundreds of percent.
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Kurokonobasuke
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Activity: 546
Merit: 122
★777Coin.com★ Fun BTC Casino!
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October 21, 2017, 03:23:23 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
The benefit is the profit that a user will earn in the future if he/she will hold Bitcoin for a long period of time. The market value of Bitcoin is getting more expensive. As its price is getting higher, the profit that a user will earn will also increase. Bitcoin is worth holding for a long period of time . |
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Dr.Osh
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Activity: 2688
Merit: 1004
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October 21, 2017, 03:33:12 AM |
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once again, that saving in the long run has proved that it is really profitable. well, maybe the same thing will happen if you start storing bitcoin in large quantities. maybe next year, you can earn more than $ 500 from every 1 bitcoin you save
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Yarsk
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October 21, 2017, 04:02:15 AM |
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The benefit of storing bitcoin for a long time in your bitcoin wallet are so many but I will point out just two.
1 people buy bitcoin when the price is low and then store it for some time to sell it when the price is high in order to make profit.
2 some blockchain wallets pay interest on bitcoin stored in they wallets, so in that case you make profit while saving you coin on the wallet and this make people store they coin for a long time.
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