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Author Topic: bitcoin benefit of saving for a long time?  (Read 81791 times)
azguard
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November 24, 2017, 08:33:48 AM
 #1841

Biggest benefit is profit.

Just look at just this year price change from start of this year till now, and image that you invested in just one bitcoin back in January, good profit.
From this point only one thing is sure bitcoin wont go back down so easily it will continue to grow and keeping it and storing it good thing to do.



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November 24, 2017, 10:50:08 PM
 #1842

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

Come share your thoughts

As its price is getting higher and higher the value of bitcoin now is very expensive unlike before it is just barely 12$. But now what is the price of bitcoin, right? So if you hold bitcoin for a ling time there is a chance that you can be rich in no time

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November 24, 2017, 11:30:48 PM
 #1843

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

Come share your thoughts

As its price is getting higher and higher the value of bitcoin now is very expensive unlike before it is just barely 12$. But now what is the price of bitcoin, right? So if you hold bitcoin for a ling time there is a chance that you can be rich in no time

Each and every user of bitcoins has a dream of getting rich in future and it was looking impossible before the existence of bitcoins and now bitcoins has given high hopes to all its investors and now they have a feeling that their dream can actually become a reality if they collect maximum bitcoins and save it for future and if price of bitcoins will go in millions in future then you can become rich even if you have only 1 btc in your wallet.

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November 24, 2017, 11:32:27 PM
 #1844

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.
I think it is a good decision if you are using bitcoin for fulfilling your need, we earn money to facilitate our life. Although it is a fact that bitcoin is the best option to hold for the future. In fact bitcoin has the potential to continue giving us good profit that is not possible from anything else. I think we should hold buy bitcoin without extra money because the price can continue increasing.

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bakunawaaa
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November 24, 2017, 11:52:19 PM
 #1845

Because the price of bitcoin continously rises. We are approaching the 21 million bitcoin limit. Pretty soon the supply of bitcoin will rapidly drop and the price will dramatically increase.
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November 24, 2017, 11:55:39 PM
 #1846

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

Come share your thoughts

Bitcoin has the potential to grow and develop more in the future. That means its price can also go higher. Holding and saving bitcoin for now can make you gain a lot of profit in the future. Also, bitcoin's purpose is for the future. If you have a lot of bitcoin in the future, you will have a better life.
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November 25, 2017, 01:31:30 AM
 #1847

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

Come share your thoughts


Do you want to earn money with just doing nothing? If you do, your question is the answer. You can gain money in this by just simply holding your bitcoins for a very long time. They called it passive income, because of the fact that the value of the bitcoins in the market are not stable not like our real money. That makes them a great investment and we all know that investment is a passive income. Bitcoins are growing tremendously and people are going crazy with it. You better invest in it too if you wanted to become rich
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November 25, 2017, 01:42:21 AM
 #1848

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

Come share your thoughts

Profits i think, people who holding Bitcoin for long term absolutely they will get profits from it. People think holding Bitcoin because they believe that the value will keep rising. Let alone this year we already see the price of Bitcoin that has reached more than $8000 especially if holding for next year the possibility of the price will double.

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November 25, 2017, 03:23:21 AM
 #1849

Unlike a mutual fund or stock that takes at least 10 years to get a profit 500%, with bitcoin then the profit 500% can we get only with a tempo not more 6 months, and if we are patient to hold the greater the profit.


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November 25, 2017, 03:26:29 AM
 #1850

It have the possibility that your money will be double or triple
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November 25, 2017, 04:40:43 AM
 #1851

Bitcoin is the best platform for investment. If you invest on it and hold this for a long time,you will surely benefited.Because, Bitcoin is the world's first crypto currency and it is best and smart choice for investment. Now it's price is very expensive. So,I suggest everyone for savings Bitcoin for a long time.

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November 25, 2017, 05:07:34 AM
 #1852

Unlike a mutual fund or stock that takes at least 10 years to get a profit 500%, with bitcoin then the profit 500% can we get only with a tempo not more 6 months, and if we are patient to hold the greater the profit.
Bitcoin is the fastest type of investment to give some profit to us. If you have a lot of patience to hold bitcoin for long term then it will be easier for you to make a lot of money which is better than the mutual fund or stock investments because they are the type of investment are literally for long term investment.
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November 25, 2017, 05:45:08 AM
 #1853

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

Come share your thoughts


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.
i think bitcoin users should regard fluctuations as advantages because of the fluctuations make bitcoin prices very quickly to rise and provide quick returns to many investors, look out bitcoin price rise double in less than 1 year, especially if you hold up for a long time of course you will get big profit,,
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November 25, 2017, 06:24:31 AM
 #1854

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

Come share your thoughts


For me the vbenefit of bitcoin if you save it for a long time is it can make your money bigger because when the value of bitcoin increase the value of your bitcoin in your wallet will increase too. So it is also better to save your bitcoin.

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November 25, 2017, 08:05:39 AM
 #1855

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.
Exactly! The way bitcoin market’s price is increasing, it is very much possible that the market price of bitcoin will increase and will reach not only up to 1000$ but even beyond that. In my opinion, there is nothing more profitable than that of holding of bitcoin. This will for sure help you in having more money with each passing second. The condition is that you need to remain patient.
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November 25, 2017, 02:43:11 PM
 #1856

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.
Yeah you are right the bitcoin is being invested by the people who are investing and the wallets are the part of the money now I can see how the bitcoin is being use by the people now. Bitcoin has a lot of the features and the profit of the bitcoin will give you the comfortable life because the bitcoin income will give me the high value and the demand of the bitcoin will be high more and more with the time.
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November 25, 2017, 03:20:06 PM
 #1857

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 reason why most of the bitcoiners hold their bitcoins for a longer time because of its value. As the time goes by, the value of it becomes larger. It increase for most twice or thrice than the original amount. When then bitcoin hold or save it will increase than what are you expecting. Thats why many people are not selling it early as of now .
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November 25, 2017, 03:28:44 PM
 #1858

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 do everything to make their money grow. They do their own techniques in order for them to grow money and one of this is saving their bitcoin for a long time. As a smart person and a risk taker you prefer  or we prefer to hold our bitcoins than selling it. Why? Because yhe value of it continuosly growing. And as it grow the bitcoin you saved will also grow that causes you to earn larger amount of money.
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November 25, 2017, 04:06:26 PM
 #1859

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

Come share your thoughts

You cannot totally conclude that saving bitcoin for a long time would benefit you because there are still some instances where as you wait for the price to rise, it falls more which ends up making you disappointed. I think saving for a very long time will only be applicable for those who are seeing that the value in the market is rising and there's no trouble occuring.

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November 25, 2017, 04:09:59 PM
 #1860

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

Come share your thoughts

Many people are storing their bitcoin in their wallet for a long time because the value of bitcoin is volatile which means there are still some possibilities that your current profit will rise or fall. Those people who has stored their bitcoin in their wallet for many years had surely gain benefits right now as the value of bitcoin rises. You should only hold if you think the value will still increase.

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