bitcoin benefit of saving for a long time?

[laredo7mm]

Definitely bitcoin can save more money if this stay in the wallet for a longer time. Just like with other investments, the value will continuosly improve if this is being used by the people. Value circulate in the market and it does give more benefit for those who invest and keep it long term.

It does not like an investment, it is an investment. People are buying bitcoin in order to raise their money more and more. They believe in bitcoin and bitcoin is having the biggest market cap ever. Bitcoin makes people crazy even though most of them do not understand what bitcoin is and what bitcoin is capable of.

Those that do not understand bitcoin are surely going to lose money, you cannot invest in something you do not know and hope to make money, things are not so simple when the price goes down these people are going to panic and are going to sell for a bad price, no one should invest in something they do not understand that is the fastest recipe to lose your money.

Yeah people easily get panic when they see downfall in the price and start selling at lower price which is unprofitable for them and I think people should learn from their past experience and should not get panic easily and should hold their coins tight as in long term price will bounce back and that can bring good profits for them.

[dinoloverpete]

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

Come share your thoughts

Bitcoins value is incredibly unpredictable. The reason why most of the bitcoin users store their money in their wallet for a long time is because the of the increasing value of bitcoin. Once you store a certain amount of bitcoin in your wallet, it increases it's value and you'll get a good profit though you are not exerting much effort. It is a great investment where in by just storing your money, you'll get more. It is a wise decision if you're afraid to store your money in unsecured bank or wallet.

It is even a wise decision if you are confident in banks, banks will not offer more than a few % per year, bitcoin is probably averaging about 600% per year or something ridiculous!! Holders all profit just not as much as perhaps the successful traders, but then they have far less risk so it's a balance.

[Doell]

the benefit they get is a doubled advantage, those who hold bitcoin I think some people have forgotten and some are just investing , besides those who hold bitcoin are mostly rich people ,all-round life sufficiency and bitcoin in their demands just to save ,additional benefits to them help the crypto trading cycle

[Ferris419]

The best thing about holding bitcoin is that there is no risk involved of loosing money as we have seen that price goes higher in long term so if you hold your bitcoins then it will give you sure shot profits in future but I recommend to invest some of it in trading to grow your bitcoins faster as only holding will never grow your bitcoins.

[shark69]

this is true, bitcoin will not get any disturbance, including taxes.
so bitcoin is one way to save and will be safe for a long time. maybe this is one of the right solutions for people who are not trusted with bank or regular curency

[James ssi~]

Good approach for people who wants a better value of bitcoin in the near future. They are waiting for a high rocketed value.

[MarkusIsaiah]

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 store my bitcoin for a long time because i know in the future keeping bitcoin will give you more profits.  for me bitcoin it's a form of investment. I found out investing in bitcoin is more profitable unlike you investing in gold.

[alphaomega.f]

i think its value can be compared to how the value of stocks inflate and deflate. like stocks, bitcoin's, as per economic terms, "book value" may increase and decrease in time.

[Honest Tim]

Bitcoins is a volatile currency,  it's price drops and high in fraction of seconds.  As bitcoins from the day of its origin is increasing and showing its fluctuating nature. Bitcoin is continously growing and so as it's prices and demands in populations.  Benefit of bitcoin saving accordingly to me is first of all that bitcoin prices will increase it will benefit that the amount I bought will be less and the amount they reach on savings will be of high difference and high difference means higher profits. Bitcoin is continously surprised us with its benefits and advantages. And we can use it as a asset also.

[jakoylantern]

For me, the benefit of saving your bitcoin for a long time is the increasing amount of bitcoin. We all know that bitcoin doesn't have a stable price, it will increase, or it will decrease. But if holding you bitcoin, you will notice that at the end of the day, week or month, bitcoin price rapidly increase, and you can earn a lot of money if you sell it.

[Mr.Anonymous]

For me, the benefit of saving your bitcoin for a long time is the increasing amount of bitcoin. We all know that bitcoin doesn't have a stable price, it will increase, or it will decrease. But if holding you bitcoin, you will notice that at the end of the day, week or month, bitcoin price rapidly increase, and you can earn a lot of money if you sell it.

If the price of Bitcoin will increase easily as your said, why do many trader lose their money in Bitcoin trading? The whale control the price, so, they always change the scenario to correct the trending and make the mentalitity of traders become panic.

[Naoko]

I think that there is no unambiguous answer...you need to look at the calculations and news...it will be better for me to save it for a long time, because I believe in its power...

[Owl129]

When the price of bitcoin is increasing rapidly that is the benefit you can get for saving your bitcoin for a long time. As time goes by and bitcoin price increases then the more you earn a lot when you exchange your bitcoin to real money. Although we know that not all the time bitcoin price is high it is fluctuating and not that stable.

[RaymanC.]

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.

[Kasabus]

When the price of bitcoin is increasing rapidly that is the benefit you can get for saving your bitcoin for a long time. As time goes by and bitcoin price increases then the more you earn a lot when you exchange your bitcoin to real money. Although we know that not all the time bitcoin price is high it is fluctuating and not that stable.

If you are saving for a long period of time you can expect you will be more profitable if you continue being patient.
The price will pump as we have witness most of the time but it can also drop like hell, so it's your patience that is necessary for you to be able not to go panic.

[azguard]

Many consider bitcoin as retirement fund, me as well. Trying to collect the amount that i think will be good for me.
However this is also good think for some saving in long run but lately is good for short run as well. We saw that price of bitcoin rapidly go up and this is good for those who waited this moment and for those who invested some amount a month or two ago, they made quite profit.

So from some perspective depend what is good for you at the moment.

[TitanGEL]

It is true that most of the people are storing their wallet to the bitcoin because they know that they can get many benefits by holding it. The price of the bitcoin is continuing to rise up and we can become rich person in the future if we hold many bitcoins today.

[zhopas]

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

Come share your thoughts

Yes there has also a benefit that can get when you save your bitcoin in a long time. each day bitcoin value keep on increasing that is why maybe the reason why your bitcoin in your wallet keeps on increasing too,. If you save our bitcoin in your wallet it may your bitcoin be doubled.

[Chanock]

Saving bitcoin to your wallet has a big benefit. why? because bitcoin price value is unpredictable and in the few day bitcoin is bubble it's price. If start saving on the low price of it meaning nowadays your benefited of ricing of bitcoin price and sure that you will gain a high profit because of price bubble.

[chickenado]

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 stored their bitcoins in their wallet
because they know the nature of having bitcoin as an investments,they wanted to double or triple the profit as times goes by,thus everyone knows its price is volatile but every investors take risk in their money.Holding bitcoin is like a gamble but the advantage is it has a  great potential that it is more profitable through time and it is more beneficial if it is widely known around the globe.. even if there were downfall most important is it can recover in a small period of time.