bitcoin benefit of saving for a long time?

[ASICHEAD]

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.

I do not know the price of Bitcoin will be high or low after ten years, so if I have chance to sell Bitcoin at good price, why do I need to wait a long time like that, right? You can set a target, then as long as the price of Bitcoin reaches your target, there is no reason makes you still continue to hold unless you have more plans for Bitcoin.

[Doamader]

People wich were able to join and invest into bitcoin at 2016 and lef their investent into hold had made x15-x18 their investment, a few people life has changed from day to night. Savings should be considered for medium long term and with bitcoin there is no room to regret at all, into the last 3 years bitcoin went from 200 dollars to 5500 dollars and there is no such similiar investment with such results.

[Eleven86]

The ultimate moto of everyone being here is to earn money by many means provided here.  Everyone is confident that they will profit out of bitcoin either by investing or by holding the bitcoin until they find the right time to sell for good profit. 

[zeaderza]

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.

Well, I don’t know, but most of us here are believing that the price of Bitcoin will run down after the split on November 16th (16th right? Correct me if I’m wrong) but there has already been a hard fork on October 23rd which resulted to the unstable Bitcoin Gold, but I never noticed any decrease in price, cause things are still working out pretty fine. Well, let’s wait till the next one.

[gondar1]

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 only benefit I can think of for this kind of act is savings and hope that bitcoin's value will gradually increase once again in the future. Nothing can be lost if just keep them in our wallet. Who knows? Maybe someday you might find a good reason to spend it.

[4p0l4k4y]

Its basically the same as saving a real money however the return rate of btc is much higher that tmthe bank can offer. Therefore it is much profitable saving bitcoins in the long term

[Kadal Ijo]

yes true, bitcoin will feel the benefits or profit when we keep for a long time, for example is when 9 years ago hariaapga bitcoin only $ 1, but now reaches $ 5900.

[Mellifluous]

They save bitcoin in their wallet so when the time bitcoin price get higher in the market the money they saved with move to higher value.

[snedyolo]

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.

Indeed bitcoin benefits saving for a long time. I do believe that in the future bicoin's value will still increase. So, there's a possibility that a person's savings could be doubled or tripled. Therefore, saving bitcoin is a really good thing.

[drachman]

I think the only reason they are saving bitcoin is because of a high return of investment. They buy bitcoin and hold it for a long time because they believe that the price of bitcoin after a year or two will increase which is a good strategy.

Saving bitcoin will get a big profit in the future. I buy some bitcoins when they were 400 usd but now they nearly get 10.000 usd. So i belive in kepping bitcoin is the best way for investment and profit growth

Yup even I bought when the price of bitcoins was around $300 2 years back and I am still saving those coins in my wallet and if I sell them now then I will be making huge profits but I believe that price can go much higher in coming months and that would be the best time to sell bitcoins.

You can obtain great profits now if you sell, but the profits that you can get if you keep holding are going to be a lot greater, that is why not many people are not selling even at these prices, I know that I'm not going to sell either, I’m waiting for the price of bitcoin to reach 60k.

[guoyu78]

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.

I would have cursed myself many times when I think of the time when bitcoin was only $0.04 back then in 2010 and now see the prices. They are like just crossing moon now comparatively. You are absolutely right, all those peeps who have bought bitcoin, and not one buy minimum 6-7 bitcoin back then. It is the time of party for them and they are enjoying their lives in best way.

[Jupeter]

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 the benefit of it when they store is when the value of bitcoin increase so their savings also increasing in their wallet.So it is possible that their money will be double or if lucky it will triple.

[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

It will benefit you bigtime if you have stored your bitcoin for a long time, say for example if you have stored some bitcoins  last year and have a thought of looking at it only by this time, then you'll be surprise on how much it profits. As of now bitcoin value has already raised to $5000+ and that is no joke if you have stored a bitcoin for a long time and also we can say that this is the year for bitcoin.

[Bestpromoter]

yeah there are so many things that will happen if they just save bitcoin in a long time, just think that it is for your own future right bitcoin has the biggest potential in increasing its own price in the cryptoworld. for sure it will be worth it.

[Rajamuda]

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

The point is that's aims to gain more profit when selling it, and they may have been steadily predicting that bitcoin price movements will leads to even more higher price movements. And I think indeed this really can guarantee a promising advantage, has been proven seen that bitcoin price continue to moving higher than before (previous years).

[Streamlink]

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 doesn't need to be clarified again, that people are putting lots of bitcoins and putting in their wallets for a mere profit.
Expecting more than doubled investment returns

It all depends on the owner of bitcoin. If he is comfortable in keeping bitcoin in his wallet for quite a long period of time, then he should go for holding of bitcoin. In my opinion, there is nothing more profitable than holding your bitcoins and that too for quite a long period of time. This will help you earn a very good amount of money as the market price of bitcoin will definitely go up and will help you earn more money.

[quarkyplum]

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

The point is that's aims to gain more profit when selling it, and they may have been steadily predicting that bitcoin price movements will leads to even more higher price movements. And I think indeed this really can guarantee a promising advantage, has been proven seen that bitcoin price continue to moving higher than before (previous years).

But in the history, you also knew the price of Bitcoin has dumped to lowest price after reached all time high price in 2013. You should to be ready this situation, because the price of Bitcoin can also dumps to low price again like 2013. The history can repeat anytime, we do not know when it happen?

[Glenn10]

If you look at the historical performance of bitcoin, even the last few years, we have seen how clearly it has been able to outperform most other investments out there. If that is not good enough reason to hold bitcoin for a long time, then I don’t know what is. As with any other form of investment, there will be volatility and risks involved but as long as the price keeps its long term growth intact, I will keep a portion of my bitcoin stored.

[Noilee]

Bitcoin benefits of saving for a long time is to earn good profits. Because the longer the greater profits that we get. Bitcoin value will rise over and it has a potential and use it for the future purposes. I believe bitcoin price is increasing and if we have savings for a long time its possible that our money will grow. The benefits of bitcoin for saving a long time its possible you can receive good returns at increased prices on you investment as time elapses.

[Naughty Princess]

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 doesn't need to be clarified again, that people are putting lots of bitcoins and putting in their wallets for a mere profit.
Expecting more than doubled investment returns

It all depends on the owner of bitcoin. If he is comfortable in keeping bitcoin in his wallet for quite a long period of time, then he should go for holding of bitcoin. In my opinion, there is nothing more profitable than holding your bitcoins and that too for quite a long period of time. This will help you earn a very good amount of money as the market price of bitcoin will definitely go up and will help you earn more money.

Yes, it is depend on the owner what to do in their bitcoin. For them to get more profit, save and hold bitcoin and do not fear with all the dumps. If there's  nothing important to spend money, it is better not to get it and change in local currency but it is too risky to save all money in bitcoin so better keep it with high security.