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Author Topic: bitcoin benefit of saving for a long time?  (Read 82238 times)
bristlefront
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December 20, 2017, 09:19:45 PM
 #2061

Yes, and this time who holds the most bitcoin is almost a billionaire or a billionaire if converting bitcoin to dollar. Holding is an option and you can still invest in some things but the best option if you really want a good profit is just holding a bitcoin. If you bought on 2015, it doesnt matter because it increases a thousand percent. Lucky for those who bought earlier, they are lucky and their investment on bitcoin is worth it.

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December 20, 2017, 11:17:52 PM
 #2062

Yes, and this time who holds the most bitcoin is almost a billionaire or a billionaire if converting bitcoin to dollar. Holding is an option and you can still invest in some things but the best option if you really want a good profit is just holding a bitcoin. If you bought on 2015, it doesnt matter because it increases a thousand percent. Lucky for those who bought earlier, they are lucky and their investment on bitcoin is worth it.
That's correct, but this people are still holding now because they believe the price today is not the limit.
Maybe most of us were not able to invest in the early stage but we still have a big chance to make money because bitcoin has still more rooms to grow.

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lesinset
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December 21, 2017, 03:59:48 AM
 #2063

Btc is an investment so it means that once you invest for a long time you'll be able to get much profit. You just need to be patient

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December 21, 2017, 04:54:46 AM
 #2064

Btc is an investment so it means that once you invest for a long time you'll be able to get much profit. You just need to be patient
You can get or your can lose, that's the possibility and you have to be ready also when things will result not on your favor.
Not every time we invest we will be successful, there are also failure that is why it's required that we should only invest what we can afford to lose.

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December 21, 2017, 06:56:01 AM
 #2065

Yes really, bitcoin is very profitable if we saving for a long time, but most people always profit taking when they feel get 10% profit, whereas price always go up so saving bitcoin for a long time is more profitable.
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December 21, 2017, 07:50:02 AM
 #2066

If compared to other investments such as mutual funds, stocks, gold or property of course the time of bitcoin profit is shorter, this year the price has risen more than 1700% and this is a record that has never achieved any type of investment.
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December 21, 2017, 07:56:42 AM
 #2067

Most people keep their bitcoins in their wallet, this is very profitable for us. We can hold or buy bitcoins at low prices and sell them at high prices. Or we can also pick it up when we need it. Just like we save in the bank. Whenever we can take it as we need.

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December 22, 2017, 07:44:53 AM
 #2068

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.
Bitcoin give you money, saving them for a long time but I think investing the bitcoins is better way than saving of bitcoin. Saving will generate only that amount which will raise in the value of the bitcoin while investment make you more money and the raised value is a surplus for you in investment. Investment also generate income for you in future.
If you don’t have sufficient amount of time that you can manage the things on daily basis, then saving of bitcoin for some reasonable period is the best thing to do. Moreover, it is the safest way of making money as there are less chances of losing money in that case.

It is you who must decide the things based on his own skillset and planning. For me, holding of bitcoins is more appropriate as I can do all my work quite comfortably.

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December 22, 2017, 08:26:18 AM
 #2069

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

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So here are the benefits that you might get if you save bitcoin for a long time. First, if you hold it you can't spend it in not important things. You can prevent yourself from buying luxuries or any material. Next, the investments or money you store in bitcoin will grow since the price of bitcoin  is getting bigger and bigger day by day. You shoukd wait and have patience. The longer na patience the higher the income. That is the rule in bitcoin.

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December 22, 2017, 10:18:57 AM
 #2070

You get high profit over a long time. Today bitcoin became popular almost all over the world theres a lot of investors now invest in bitcoin. A lot of people join bitcoin searches for extra income and the jobless ones. Now the demand of bitcoin is extremely high that value of bitcoin is increasingly fast and high.

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December 22, 2017, 10:30:02 AM
 #2071

I think this is the right thing, if we are patient to wait for the time when we want to sell bitcoin then it takes a long time or at least a year, for example is this year, bitcoin price has gone up to 14x even a week ago reached 19x.

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December 30, 2017, 10:32:07 PM
 #2072

I think they stored bitcoins to their wallet just for them to save and wait some time for them to sell it. And they protecting their bitcoin to some scammer.
Whosoever they are, if they are holding bitcoin for a long time and not wasting them on useless things, it is going to make them rich very soon. These people who are holding bitcoin at the moment are future millionaires and billionaires because the way bitcoin is increasing in value, it is quite obvious that in the near future, it would not be really easy for common people to won bitcoin in any way.
This is why if you do not have a lot of bitcoin you need to begin to keep it or you are going to regret it, in many years there is the possibility that even one bitcoin may be enough  to change your life, getting one bitcoin now may seem difficult but if you save every satoshi you have you may reach that amount fairly quickly not as fast as before, but maybe in a few months or in a year.

Bitcoin benefit of saving for long time is better than saving for the short time. The long time saving give you a good amount of money, because the value of the bitcoin is rasing and as long as you save bitcoin it create high income as well. as the value raised in the last month is 10k$ while the value raised for the last week is 3k$. It means the long time you save bitcoin the high will be the profit.

True but it is not easy to save long time. Image you have 10 bitcoins in January this year and by now you collected few more. Think will you save then or you would be temped to sell them with this current price. If we look on price it really not that easy to make this decision it actually really hard. Price is more then anyone imagine so think 10 btc is quite the sum now.
It will be easier if you have a goal in mind, my goal is simple I want to afford several properties before I sell my bitcoin, so when the amount of bitcoin I posses reaches the value I want I'm going to sell, if the price of bitcoin keeps climbing up I know that I will not regret selling since I would have gotten to my goal already and my life will be improved as a result.
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December 30, 2017, 10:42:56 PM
 #2073

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 think that now they do it because they understand how much it can grow. But as soon as all are oversaturated, no one will save them so long
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December 30, 2017, 11:07:26 PM
 #2074

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

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These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

That's right. They consider it as a saved asset, similar to money which is stored in a bank. However, in the aspect of cryptocurrency, it is not generally a safe practice because the value and price point of bitcoin may drop at any time due to its volatility feature. Having said, it would be better to convert it to money, if you plan to store it long term because that would be safer and reliable, and it's value won't be in danger of plummeting as well.

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December 31, 2017, 02:52:46 AM
 #2075

Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
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December 31, 2017, 03:27:53 AM
 #2076

Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?

To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.

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December 31, 2017, 03:37:03 AM
 #2077

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 think those who keep their bitcoins for a long time may not need money any time soon and they want to earn a bigger profit because holding for a long time will certainly get more profit

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December 31, 2017, 03:56:03 AM
 #2078

Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?

To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.


We dont know yet what the next move of bitcoin in the future mate, but I'm quite sure that it will be more valuable as the time passes. So I don't really agree with you that only for the short term technique could you make earn big profit from bitcoin because I beleive that holding for a long-term in bitcoin is the best way of investment among other coin especially into altcoin which you're preferring for.
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December 31, 2017, 04:17:35 AM
 #2079

Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?

To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.


We dont know yet what the next move of bitcoin in the future mate, but I'm quite sure that it will be more valuable as the time passes. So I don't really agree with you that only for the short term technique could you make earn big profit from bitcoin because I beleive that holding for a long-term in bitcoin is the best way of investment among other coin especially into altcoin which you're preferring for.

Well as you've said, we don't know what will happen to bitcoin in the future. Holding bitcoin for a long period of time will give you either positive or negative effect. It's either you'll earn huge profit or you'll going to lose your money. You have to be wise as to when are you going to keep your bitcoin. You have to set a target price as to when are you going to sell it. Coz if you'll just keep on holding your bitcoin in your wallet, and keep waiting for the price to reach its highest peak, tendency would be, you'll lose your money coz bitcoin price keeps on fluctuating.

If bitcoin price now is really high now, and you still choose to hold it, there's a high chance that it will drastically drops. You have to be open for all the positive and negative that might happen to bitcoin.
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December 31, 2017, 04:23:00 AM
 #2080

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 think holding bitcoin for a long time will definitely get bigger profits too and they choose for it because they do not need the money at the moment, but for those who need money it will soon sell it once it's earned a profit
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