bitcoin benefit of saving for a long time?

[thend1949]

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.

By the the way if i decide to hold for a long-term well I dont keep on my mind on it, the fact that i know that bitcoin will rise more where we just notice now that the more year passes the more bitcoin will get high on its value.
Well, I don't really mind about the possible negative happen into bitcoin coz I'm not like others that we calls negative thinkers that seems like you because I'm a kind of guy that always think positive for every step i made.

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[Joriecoinbit]

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.

By the the way if i decide to hold for a long-term well I dont keep on my mind on it, the fact that i know that bitcoin will rise more where we just notice now that the more year passes the more bitcoin will get high on its value.

Well, I don't really mind about the possible negative happen into bitcoin coz I'm not like others that we calls negative thinkers that seems like you because I'm a kind of guy that always think positive for every step i made.

It’s not about being a negative thinker, but it's being preventive.  Being preventive of the bad things that might happen to bitcoin price in the future. You just can’t ignore the possibility of losing or your money. We’re talking about money here. If you don’t care of the possible negative effect of holding your bitcoin for a long period of time, then so be it.

One more thing, you're not being optimistic here. You're just seeing the positive effect when in fact that you can't avoid the negative side of it. You just can't accept the fact that there are circumstances that will not happen as what we wanted to be. Anyway, I'm gonna leave you here. I'm not gonna stoop down to your level. We are all entitled to our own opinion.

[racistyui]

Part of me agree that it is true. On the other hand the price is always changing and it really make me confused

[Cynthia Adoma]

Storing bitcoin in a wallet is an investment which one can sell as the price appreciates.

[altcointalk14]

Part of me agree that it is true. On the other hand the price is always changing and it really make me confused

According to a number of analysts, growing concerns about nuclear threats from North Korea have pushed investors to alternative assets, such as digital coins.Geopolitical tension, at least for now, is playing in favor of the bitcoin.

[gigilsoup]

Mostly the reason why storing bitcoin for a long time in a wallet is because they are waiting for a possible higher trading

[MeongElek]

Many people predict bitcoin
next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.

[Gabz999]

Many people predict bitcoin
next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.

Not just they think, rather they believe in that time were the price of bitcoin will rise. That's why they store it for so many years, coz their profit will also grow when the years pass by. I my self also believe in that. I also save bitcoins for long time and for future purpose.

[bestbiz9]

Saving with bitcoin is of course beneficial as its price is increasing fay by day it will be very much profitable and one can earn more if a person is holding the coin in wallet for long period of time

[jeanpadel14]

Yes it got benefit if bitcoin save in long term,and i think most of the people store bitcoin as investment and they think its better to store it in coin wallet because there are more scammed investment.It become safe and because the price of bitcoin increasing it make a good profit.

[shaun98]

Benefits include the rise in value of Bitcoin, which will generate them profit. Also, saving it in a wallet is better than saving it on an exchange, due to better security.

[annango]

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.

We all know that bitcoin is notoriously volatile so I think it’s hard for us to say whether saving it for a long time or sell it immeditely is best way.It depend on situation you got.Cause its risky ,you must accept to get and lose it as long as you think it’s right choice for you at the moment. Most of people suppose that saving brings them many benefit, for me it’s only a safe choice for all. To invest btc is really easy,  however it’s hard to earn profits. So you must be more patient and sometime accept the loss ,it’s the requirement of bitcoin’s investment.

[Bacotan Bae]

Yes true, bitcoin is a very profitable investment for the long term but most of us do not be patient because when see there is a price increase then immediately sell.

[joan26]

As we see that bitcoins price is unpredictable and we don't know when it fall and rise. So when you store your bitcoins in your wallet, two things may happen.
Your bitcoin may be down in value or may double or triple its value, but no one can say when. So the best way is to wait and see.

[Iamrobot]

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

[Botnake]

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

If you have the confidence to hold then you might make money for being strong.
Bitcoin has been very successful after it broke it's ATH during the Mt. Gox days and now it has continue its success and believers have
already made profit by just holding alone.

[Edsemen]

Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).

Well for me savibg bitcoin for a long time maybe there's a benefit if we can hold it for a long time because we all know that people are always look for a better value. But if we can save bitcoin for a long time maybe the benefits for it is that in time comes our bitcoin will be in higher rank and also in trusted, in terms of value, it earns bigger than others because of long term saving.

[nagiblem]

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 longer we save bitcoin in our wallet the higher the income we may earn and that is the so called benefit we can earn in bitcoin.

[PG13]

If you bought a 1BTC for 5years ago...then you exchange it today.
You will noticed how the profit multiplies from your capital at the time you bought the 1BTC.
That's the benifit of Hodling the bitcoin for a long time.

But nobody knows what will happen. All are just speculation.
Its still Risk to hold for a long time.

[Naoko]

at the moment it is beneficial, because no one can predict to what point it will still rise...so we can safely hold it