bitcoin benefit of saving for a long time?

[Sadlife]

Mainly because of the promise that it wil rise to $500000 and even exceed more than 500k in just 10-20 years time and become one of the world main currency use for payment most people invest and get into bitcoin thinks that way. And it seems to be late that the demand of bitcoin is getting higher and the insane leaps of bitcoin lately proves that the dream is not impossible to achieve and the recent demand is a sign that is progressing well and only few countries has accepted what more if the whole world knows about it and adapt it.

[1714109652]

1714109652

[radjie]

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 other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.

People who do that way by storing bitcoins for a long time are stored on their wallets. I think they believe the price of bitcoin in the future will be more expensive, but other than that there is another reason why they take the safe way so the bitcoins they have can be stored longer in their wallets than have to invest in an untrusted site.

[Andre#]

I think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.

“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.

Of course the risk of holding will less than the risk of day trader, but honestly, it just useful when the price of Bitcoin still cheap.
As now, if I want to become a Bitcoin holder, I do not think it can gives me a lot of profits after one year.
If the price of Bitcoin can comeback to $1,000 I will consider and buy a lot .

[reisuke24]

when i have bitcoin, i will sell in high price. and i take in stable price and than sell it.
i never hold for long time (except the price still low), and sell when get bitcoin.
if you save just for long time, you have 50% chance to get benefit or loss some of bitcoin, because you know bitcoin price is unstable. but if you sell in high price, and buy at low price you will get more benefit. and it can use for long time.

[Ultegra134]

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 deem it as a safer, no hustle way to earn more money from the same amount of Bitcoin. Bitcoin's "history" and price charts have shown that the price always recovered and kept an upward incline, thus, people hope that BTC's price will keep climbing.

[Pretty Boy]

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 the value of the bitcoin is changing everytime. Some people are just saving their points and coins and wait for the right time when they can maximize and have more than they originally have.

[Asmonist]

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

Come share your thoughts

Its good to hold bitcoin for the meantime until the price is right. However, saving it for a long time maybe risky too because price varies every time. We really wouldn't know the rise and fall of bitcoin. Its better to spend part of it to realize also its benefits upon selling it or converting it to your local currency. Many may save it for along time in order to accumulate his or her goal amount. I really depends on every individual. Either way its beneficial.

[Gheka]

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 other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.

People who do that way by storing bitcoins for a long time are stored on their wallets. I think they believe the price of bitcoin in the future will be more expensive, but other than that there is another reason why they take the safe way so the bitcoins they have can be stored longer in their wallets than have to invest in an untrusted site.

Yeah, most of these people are people who have blind faith in bitcoin, they believe the price of bitcoin will rise very high in the future, so now they think they just buy, hold and wait, their future will be better and richer. In addition, they are not good at investing, they do not have too many skills and experience, they just want to find a safe investment, they do not want to bring their money to places where investment is too dangerous, especially the altcoin market, they do not believe in themselves, they think they can not earn money in it, their safest option is to hold the bitcoin for a long time. However, they do not know this is a very dangerous choice, the future of bitcoin is unpredictable, they are betting on something unpredictable, that is not a wise decision

[Bacotan Bae]

A year ago everyone never thought that bitcoin prices could reach $ 6000, it is also the same that no one thinks next year's price could reach $ 15,000, this proves that the rise in bitcoin prices is very drastic and does not need to wait long for profit 100%.

[neonshium]

People store bitcoins in their wallet as saving for future and when bitcoin price reaches higher in the market, they sell their holdings for a profit.

In my opinion, if you actually want to earn a huge amount of money by investing in bitcoin, then the best option for doing this is to invest in bitcoin for the long term. It will for sure help you earn much more money than you ever expect. The way bitcoin is increasing in term of its price with each passing day, holding is the best thing to do by the ones who are having bitcoins in their wallets.

[Ardenoss]

Looks like, Ya. Because, there are some of my friends hold bitcoin since 2 years ago and just sell it now. They get tremendous profits, even there is one friend who can buy a house from his patience hold bitcoin. Good achievement for bitcoin holder in my opinion.

[appleffi]

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

Come share your thoughts

So this is how it goes, you posted this topic 7 months ago, if you  have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.

[Lumada]

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

Come share your thoughts

So this is how it goes, you posted this topic 7 months ago, if you  have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.

Since crypto are the future as well as it is the way to have much business and many proves already how bitcoin helps individual and companies in earning, everyone or users should know by now that long term investment of bitcoin is worth doing.

[Vritesh]

Bitcoin is the excellent long term investment asset.Most of the people  store their bitcoin in their wallet for a long time because they know that if they will hold there coins they will surely be profited in the future as Bitcoin's demand is increasing so it's price will surely rise in future .

[Sasha Grey]

If we calculate then the beginning of the year bitcoin price $ 900 and now reaches $ 5500 or up more than 600%, if a year we get 600% profit then if we keep at least 5 years it will reach thousands of percent.

[abel1337]

Bitcoin is the excellent long term investment asset.Most of the people  store their bitcoin in their wallet for a long time because they know that if they will hold there coins they will surely be profited in the future as Bitcoin's demand is increasing so it's price will surely rise in future .

I agree , I am holding bitcoin for a long time now , Maybe a its almost a year since Im holding my bitcoin here in my wallet , I earned a lot by just holding this bitcoins in my wallet , Im happy That I believe too much on bitcoin and make a lot of profit in it. Today Im holding some ethereum and Im hoping it to be just like bitcoin in the future.

[kyori]

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

Come share your thoughts

It is pretty obvious that they are waiting for bitcoin to increase then sell it on time that is the real reason it is traders technique to grow money

[futuret]

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 other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.

People who do that way by storing bitcoins for a long time are stored on their wallets. I think they believe the price of bitcoin in the future will be more expensive, but other than that there is another reason why they take the safe way so the bitcoins they have can be stored longer in their wallets than have to invest in an untrusted site.

There are a lot of the wallets for the bitcoin and the value and the income of the bitcoin is being more expensive because if you buy the bitcoin and hold for the long time, you will be able to hold it you will get the bright future, I like the increasing price of the bitcoin, in this universe the bitcoin is being good and the value of the bitcoin will get more bitcoin and the future will be more than other currency.

[MinMan]

I think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.

“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.

If you think you can con troll yourself and your emotions at the hard times, then holding is the best thing which you should do. There is no denial in this thing that with each passing day, the market price of bitcoin will go up. So holding the bitcoin for long time actually means that you are going to have a very good amount of money in your account t by the end of say ten years.

[yvesp110]

Looks like, Ya. Because, there are some of my friends hold bitcoin since 2 years ago and just sell it now. They get tremendous profits, even there is one friend who can buy a house from his patience hold bitcoin. Good achievement for bitcoin holder in my opinion.

Yes holding bitcoin for long time will give a lot of profit and I am just thinking of those who bought it at 60$ and now it is at 6k they are in party mood now and bitcoin is the best option for those who want to secure their future by this way they can investor saving into it and keep on investing and when after some year they take their money out they were a sort of millionaire at that time, so make future secure.