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Author Topic: bitcoin benefit of saving for a long time?  (Read 81797 times)
Harrisonimo
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November 21, 2017, 09:19:01 PM
 #1821

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

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There's this saying that, "Once beaten, twice shy"; experiences gotten from scam sites is quite much and people did better prefer to just monitor the growth of their Bitcoin than rather give it to a website for business which can't be ascertained. Well, with the increments in Bitcoin price within the last 3months, I think it is worth what any investment package could have offered any persons. There is less risk when you have your bitcoin in your wallet.
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November 21, 2017, 09:21:14 PM
 #1822

There is a great benefit if you store bitcoins! Imagine the price before is already big, and if you saved bitcoins that time, you have made bigger bitcoins by now because bitcoin's price today is much bigger than before. Maybe know, you cannot see the effect of storing bitcoins but after weeks or months, you will see the good difference.
Patience is the only key to be successful because bitcoin is already unstoppable, it's going in an uptrend way although there is a possible that it will dump.
Put your trust on bitcoin when you invest and be optimistic that this will become the most popular payment method online in the future.
To trust in bitcoin is also very important, at some point the price of bitcoin will go down and it is at those moments that those that truly believe in bitcoin and those that are only in it for the money are going to take different actions, those that are in for the money are going to sell as soon as possible and lose money in the process while these that hold will one day be able to enjoy another pump at a later date.
Yes trusting and patience help us to be benefited in bitcoin because of this we learn many things about bitcoin and use it to earn big money by the use of bitcoin and share it to other people so that they also know how good is bitcoin while holding it and increasing the popularity that holds and support bitcoin.

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November 21, 2017, 09:37:06 PM
 #1823

Bitcoin is an long term investment and you cannot expect to become rich overnight and if you want to enjoy the success then you need to save it for a very long term and you should not bother even if you see downfall in the price and have patience to hold it longer and if you successfully do that then no one can stop you from becoming rich in future so saving bitcoins for long term will always bring positive results for you.
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November 21, 2017, 09:50:42 PM
 #1824

Well it's a practical way if you want to get a high profit when bitcoin reach the maximum price. Imagine the bitcoin price now is still increasing what more if we save it now and sell it in the future we instanly become rich. Setting goals is the key to become succeed in our dream so be patience have faith in bitcoin.

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aftab.436
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November 22, 2017, 07:32:50 AM
 #1825

Well it's a practical way if you want to get a high profit when bitcoin reach the maximum price. Imagine the bitcoin price now is still increasing what more if we save it now and sell it in the future we instanly become rich. Setting goals is the key to become succeed in our dream so be patience have faith in bitcoin.
saving of the bitcoin for long time will give benefit but some time the value fall down and you need to use bitcoin on that in a result you lose some money but this is a rare case . mostly the the value of bitcoin raised and it will generate high income for . instead of saving the bitcoin invest the bitcoin or make some trade on bitcoin. the chance profit in trade and investment is is very high is compare to saving but the chance of  the lose is also less than trade and investment . long time saving is good for common people while trade and invest is for the experts.
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November 22, 2017, 07:51:17 AM
 #1826

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

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Their other's hoard bitcoin for their future. So if their a chance that some of us save bitcoin their is chance that we live better future. Because bitcoin is one of the big help to the community. So in the next generations let us know them what is bitcoin and how to used it.
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November 22, 2017, 09:01:05 AM
 #1827

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

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they are sending bitcoin in online wallets because they want to play bitcoin as a long term and sell it when bitcoin is very expensive, keeping in a virtual wallet is safer than storing it in the market.
There is not much benefit in storing bitcoin for a long time, except that you will be making profits every time the price rate of bitcoin increases, and it had been increasing seriously since September. Lastly I checked it, it was already at the rate of $8,000+. As I’m seeing it, Bitcoin might reach the rate of $10,000 by the end of this year 2017.
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November 22, 2017, 09:21:34 AM
 #1828

Because of the continues price high of this in the market they are waiting for much higher price of this in market. As of now many people believing in Bitcoin that's why the price of this is getting better and better.

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November 22, 2017, 11:10:50 AM
 #1829

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

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they keep in a long time may they wait to be able to get more profits and save for a long time it will be profitable with an ever-increasing price
VayneAurelius
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November 22, 2017, 11:38:04 AM
 #1830

Well let's face the reality that the price of BTC today is so high. We can convert if we need but saving it for a long time might also be good if and only if the price will get higher. But still there is a possibility that the price will go down.
ningrum
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November 22, 2017, 12:27:45 PM
 #1831

The benefit of saving bitcoin for a longer time is that we will get more profits.As the price keeps on rising so saving it for a longer time will automatically increase the amount of profits that we will earn.
other than that the benefits of bitcoin savings are gaining profit when we see that bitcoin prices reach high. so we also need to monitor bitcoin prices like how, up or down. if bitcoin prices go up we will benefit from saving and we redeem to our country's currency.

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November 22, 2017, 12:36:53 PM
 #1832

Some users of  bitcoin save in their wallet for a long period of time waiting for increasing of value.To gained more profit and higher value of bitcoin.It will benefit them if their savings in bitcoin would be more profitable if they would save in their wallet for rising up or falling down of price.
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November 23, 2017, 01:55:54 PM
 #1833

what do youthink if you are holding a hundred usd worth of bitcoin way back 2010! where are you now and whats your status in life ? i hope i can be on that time Cheesy i want to be i want it ! SO NOW YOU KNOW WHAT I WILL BE WIshing if i can to a fairy Cheesy
I don’t know about bankroll but in my opinion the best method of making money with bitcoin is by simply keeping in your wallet for a long time and keep in mind that you are just going to sue it when the prices are really very high or you are struck by financial problems. Bitcoin has also helped me a lot in living a life that I used to dream about. Now I am going to earn more and more bitcoin.
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November 23, 2017, 08:10:34 PM
 #1834

what do youthink if you are holding a hundred usd worth of bitcoin way back 2010! where are you now and whats your status in life ? i hope i can be on that time Cheesy i want to be i want it ! SO NOW YOU KNOW WHAT I WILL BE WIshing if i can to a fairy Cheesy
I don’t know about bankroll but in my opinion the best method of making money with bitcoin is by simply keeping in your wallet for a long time and keep in mind that you are just going to sue it when the prices are really very high or you are struck by financial problems. Bitcoin has also helped me a lot in living a life that I used to dream about. Now I am going to earn more and more bitcoin.
I do not think so, we are putting money to investing, it is not a gamble to take high risk and investing a lot of money without any strategy. Plan, strategy, stop loss price, trading skills ... are the requirement to become the investor in Bitcoin. Do not let some profits earned past time make you thought all things easy.
ArnoldChippy
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November 23, 2017, 11:59:38 PM
Last edit: November 26, 2017, 07:53:04 AM by ArnoldChippy
 #1835

Untill these days i make bitcoin as a cost savings. Whilst learning about altcoin buying and selling, i want to have good earnings from bitcoin like my friends.
to me i think in present time holding bitcoin for a long time will be more and more profitable. We can in fact get a good profit after a long time, because bitcoin still have good potential to increase. people still interested to invest money in bitcoin. they still confident about the price of bitcoin, new comers are entering in bitcoin world which is increasing the demand of bitcoin and therefore the price is also increasing from time to time.

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jonatuzc
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November 24, 2017, 06:00:29 AM
 #1836

I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.

even just within 1 year bitcoin has increased more than 600%. I remember when earlier in the year of 2017 bitcoin is still around $1000 and this time around $6000 even reached ATH $7500. so it's really been proven, bitcoin very profitable for the long term even short-term.
Yes I agree with you and it work as well because that’s what I’m doing here from a long time when the price go down then I start to buy bitcoin and I buy bitcoin as much as I can and then I keep it on hold for a long time and then I’m waiting for a right time when the price go high then I sell all my bitcoins and take a very good profit from it.
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November 24, 2017, 06:17:15 AM
 #1837

Untill these days i make bitcoin as a cost savings. Whilst learning about altcoin buying and selling, i want to have good earnings from bitcoin like my friends.

For now I have being spending the btc for my monthly expenses so that I could pay all the bills on or before time. BTC has certainly helped me to ease out on this zone but on other hand if I calculate that had I hold all the btc for a while in last 1 year it would have a fruitful considering the new highs it is making. Past is over will look for future.

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November 24, 2017, 06:30:40 AM
 #1838

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

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The answer is simple. Those who are holding their Bitcoin for a long period of time are wanting to earn huge profit in the future. Bitcoin's market value is continuously increasing as time is passing by. As it is increasing, the profit also becomes bigger. It is already proven by those who invested 4 years before that its market value is below a thousand of dollar and at this moment, it is now priced at 8000USD and surely their profit is now already big.
I agree with your opinion. Because by just storing it alone someone will get many benefits. and at other times bitcoin will reach $ 10,000 and many people will become rich just by saving bitcoin for a long time
Agreed! If we look at the market price of bitcoin since the time it was introduced to this world, then we’ll notice this thing that its market price is continuously increasing with each passing day. This actually means that if you are going to hold your bitcoins for some period of time, then you are going to have much more amount of money than you actually invested at that time. Saving is the best thing to do.

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November 24, 2017, 07:05:23 AM
 #1839

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

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This is quite easy to explain. The thing about bitcoin is, it is volatile. Now, being volatile has it's own advantage and disadvantage, but once used properly it could be an advantage or better yet become an investment. Due to it's price increase from time to time, people may invest on it and double or even triple the value of their money.

 
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November 24, 2017, 07:18:54 AM
 #1840

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

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I chose to store bitcoin for a very long time and for my future savings, because saay eprcaya bitcoin will be very expensive, long-term play is safer than short-term play.
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