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Author Topic: bitcoin benefit of saving for a long time?  (Read 82183 times)
aeternus
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January 10, 2018, 10:51:36 PM
 #2141

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.
There are risks that is undeniable but at the same time the risks are exaggerated, the media likes to create ridiculous stories about bitcoin and the reasons of why it is going to crash when the person that says that most of the time does not have any knowledge about the subject or has an interest in bitcoin not succeeding since that will affect negatively their lifestyle.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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RedzoneASE
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January 11, 2018, 01:22:59 AM
 #2142

The bitcoin benefits for long term would be unpredictable.  Either positive or negative we don't know.  Market is unstable you cant know what happens next.  But if you want to truly gain benefits always open your eyes for new opportunities. 

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January 11, 2018, 01:28:50 AM
 #2143

Yes it is the new way to invest your money in a correct way for your future bitcoin is one of the most used currencies by people particularly young generation put more interest in bitcoin investment .

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Arz26
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January 11, 2018, 11:04:30 AM
 #2144

Yes I agreed in saving a long time because there's a time to increase the price of profit in BTC.
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January 11, 2018, 11:44:56 AM
 #2145

You can save much money through it. That you will no longer worry about your expenses.
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January 11, 2018, 01:09:08 PM
 #2146

Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.
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January 11, 2018, 01:18:12 PM
 #2147

Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.

I diffinately agree with your thoughts. There will be no point in saving your bitcoins without even using it, since it is a currency, using your bitcoin in a proper way is also a benefit from your investment because you can roll your profit in some other cryptocurrency or ICO's. Another reason is the risk on your investment if you hold it for a very long time, like what happen in december 2017 where bitcoin surge to up to $20k and now fall like a shooting star in a $12k-$14k only. This is what we should think about when planning on holding bitcoin for a very long time.

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January 11, 2018, 01:55:03 PM
 #2148

They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it.

Kokoy
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January 11, 2018, 02:14:59 PM
 #2149

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

Come share your thoughts


Well holding Bitcoin is good if you are preparing for something , maybe studies, or occasions but holding it for the rest of our lives doesnt make us better, the profit that you should have been enjoying might fade away, cause rumors come to life that Bitcojn may end two years from now.

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January 11, 2018, 02:45:21 PM
 #2150

For the exceptionally fundamental motivation behind why they keep their bitcoin in their wallet is for them to gain a major benefit later on as bitcoin's value anticipated that would ascend high and keeping bitcoin is much the same as keeping valuable stones and diamonds.

It can likewise be about future motivation behind why individuals are keeping bitcoin for good like feasible arrangements for their family and instructive arrangement for their future children, business and significantly more.

The main thing I have in my psyche is that no one lose over the long haul when they keep their bitcoin and hold it.
Jancuki
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January 11, 2018, 03:17:27 PM
 #2151

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

Come share your thoughts

They save a lot of bitcoin in the wallet in order to sell it when the price is higher, it's a good way to get a profit.
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January 11, 2018, 03:21:19 PM
 #2152

They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it.
But it only gives us the greatest benefit when we own many bitcoin, if we do not have too much bitcoin, I think we should have another plan, hold for a long time will not bring us too many benefits because the price of bitcoin will increase to a certain extent, it can not increase forever, and when that happens, we will no longer receive benefits, hold just a waste of time and ignore the other opportunities. So depending on what we have, we should have a strategy for developing our bitcoin, should not be so focused on holding

Leane Lee Natividad Cuenc
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January 11, 2018, 04:13:48 PM
 #2153

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 reason why the users of bitcoin benefit of saving for a long time because they want more to get higher profit.ofcourse they will get their benefits...because bitcoin currency it might decrease or increase so the users of bitcoin save their benefits for a long time.

janah
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January 11, 2018, 05:03:37 PM
 #2154

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

Come share your thoughts

Those are people who holding a bitcoin in there wallet those are greedy one because they just think about increasing the price they dont think the risk/fact that bitcoin will decrease the price.
Btw they have some reason for holding bitcoin maybe they bought btc in low price or they get it for free.
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January 11, 2018, 05:14:13 PM
 #2155

You can get dividends off the bitcoin forks such as the previous bitcoin cash and bitcoin gold.

Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.

Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.

Overall I think it's good to hodl some bitcoin long time than some alts.

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January 11, 2018, 06:45:58 PM
 #2156

You can get dividends off the bitcoin forks such as the previous bitcoin cash and bitcoin gold.

Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.

Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.

Overall I think it's good to hodl some bitcoin long time than some alts.

That if some exchanger support it, if there is no exchanger support it then I guess there is no reason to collect that fork coin. When we save with bitcoin we are already reducing our risk with inflattion. When we are not exposed with inflation, our money value will never decrease and it is of course safer than just safe money in the bank
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January 13, 2018, 02:40:05 PM
 #2157

Like the early adopters what are their benefits? You do not have to ask this question because you know the answer here. Of course the bitcoins are rising in price and when you hold it of course you will also increase the bitcoins value that you hold. So many people keep holding their bitcoins because of the hope that the price of bitcoins will increase further.



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Rainbot
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January 13, 2018, 09:42:55 PM
 #2158

Bitcoin has a worthy and stable future one who invest in it got good profit,Its a good time to invest in it and save for the e future as long term,People invest in insurance policies but when need to claim many companies scam and do not accept claim.You have Bitcoin mean cash with you any time can take benefit from it.There so many uniqueness which attract to there investors to invest in it for high earning in safe way.

Got my account back! It was hacked. Sorry about it :|
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January 13, 2018, 10:07:38 PM
 #2159

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 i see the price for bitcoin every year continue rising although sometime deeping but it will reach up again. Like others i do believe that someday my investment for bitcoins will make me wealthy person.
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January 13, 2018, 10:49:48 PM
 #2160

The price of bitcoins will reach to the moon in future and if you want to get rich with it then there is no other choice left for you but to save your bitcoins for a long term and if you sell your bitcoins now then you will be making lesser profits and you will regret in future for not saving it for the right time and people who have saved their coins from last 2 to 3 years are in the best position at a moment as they have already become millionaire by now but I am sure even they will not sell their bitcoins now and will hold for some more years.

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