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bitcoinsocial09
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February 19, 2018, 09:10:11 AM |
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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 save their bitcoin for a long time because there is a chance that in saving you can earn a profit also. It happens by if the bitcoin value increase your holdings in bitcoin will increase too. But also in this time you still taking risk because if the bitcoin value decrease your bitcoin will decreasing too. But it is still your choice. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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jo123
Newbie
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Activity: 126
Merit: 0
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February 19, 2018, 09:18:36 AM |
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Saving bitcoin for a long won't worry you no more because your sure it cannot be taken away from you a there is assurance that it can be given high appriecal rate if you save it for long long time. It can have high exchange rate you can also put it in some kind of investment or trade it. Using this kind of plan is I think is good and safe at the same time.
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Mihaylovic
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February 19, 2018, 10:31:31 AM |
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Bitcoin is still a very risky trading and investment method comparing with traditional ones. But i still believe that it has no alternative. there is no so many alternative investments that can give you that huge profit in a very short time. Ofcourse opposite situation is also very possible.
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shezu007
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February 19, 2018, 11:01:18 AM |
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Long time saving is most profitable way of earning and mostly people are giving about bitcoin saving for future. As price of bitcoin is pumping and dumping but mostly pumping with time so if you can hold for long term then surely it will give you huge profit. So keep your bitcoin for long term as price hit your choice then you can sell your coins.
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Kisanaq
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February 19, 2018, 11:23:33 AM |
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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 think that bitcoin is advantageous to hold longer. Until recently, its price was not great and everyone was happy with it. Finally, the price has risen and many have paid dividends for their patience. Agree, if we sell bitcoin at this time then we will regret later, sell bitcoin if we really need money and there is no other way again, I also regret for sell bitcoin cheaply some time ago because there is need that I can not delayed. |
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margielyn
Newbie
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Activity: 33
Merit: 0
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February 19, 2018, 11:25:57 AM |
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I think yes because the benefits of bitcoins are about when you get coins you can store it in bitcoins wallet in investment that can save you yourself and it does not disappear because you own it in your account.
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mstfprcn
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February 19, 2018, 11:27:55 AM |
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They decided to prolong their money on their wallet inhoping it will increase as the price of Bitcoin increase in the market so that they will benefits more.. the higher the value the greater the exchange for them.
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meshow1
Newbie
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Activity: 84
Merit: 0
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February 19, 2018, 11:28:36 AM |
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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 if your a long time user of bitcoin you can get a big opportunity and benefits on this organization without difficulties. Your money will grow as long as you will wait for the right time to harvest it. |
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FUD Expert
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February 19, 2018, 01:04:59 PM |
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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 are the few people who knows the real meaning of the word HODL. They have a strong faith in it and they believe that it will reach $100k or more than that and that is the best benefit they can get from doing that. |
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Sled
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February 19, 2018, 02:35:12 PM |
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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 are the few people who knows the real meaning of the word HODL. They have a strong faith in it and they believe that it will reach $100k or more than that and that is the best benefit they can get from doing that. The supply of bitcoin is so small and it is enough for us to expect that the price of bitcoin will reach $100,000 or even more in the future and by knowing that we should just keep holding and don't mind the price right now because if we will sell or spend our bitcoins then it will be the time for you to lose all the opportunity. |
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terrong
Member
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Activity: 309
Merit: 11
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February 19, 2018, 03:09:18 PM |
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there are several reasons and the most is that they want to raise the price of bitcoin by holding it for a long time so for many bitcoin owners it will make multiple profits
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cherrymobile
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February 19, 2018, 04:04:48 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Saving bitcoins in your online wallets for so long is much safier . Anytime you can get it for emergency purposes.You can sell it if the value will goes higher so that you wont regret. An buy when the value gets lower. You can also used it for an investment. |
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icopir
Member
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Activity: 350
Merit: 10
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February 20, 2018, 01:47:24 PM |
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If I'm not mistaken, most people who have bitcoin bought it for long-term investments, because it will bring more benefits
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PalindromemordnilaP
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February 20, 2018, 02:07:35 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Because bitcoin is a long term currency that is worth the HODL. If you can wait for long and have patience to wait for the proper time, it will surely pays off and you will really have a good harvest at the end. |
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deviant99
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February 20, 2018, 02:13:27 PM |
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They will wait for the perfect time to sell their bitcoin. Holding means you seek more profit than you hold. It takes a lot of patience here since it is a more profitable way of earning and mostly for the future. But it is not mean that the price will go high, definitely, it will go down. You will think twice because of the panic selling but the wisest will win. Wise decision can take a big advantage here.
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Kousei23
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February 20, 2018, 03:13:48 PM |
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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 hodl because they believe in bitcoin and they believe of its potential. The benefit of holding it for a long time depends on the price of it after holding, but usually it has a positive effect, which is profit. I htink those people do not just hold and wait, but they also get engaged and always aware of the situation in cryptocurrency. They set target values for buying and target values for selling. |
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tikong
Member
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Activity: 154
Merit: 12
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February 20, 2018, 04:19:42 PM |
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The faith they put on Bitcoin that one day it will go $100,000 per coin. And also, the belief that one day we will be now a cashless society. Then Bitcoin will now be accepted by hundreds of enterprise. It would take time but it is better to be prepared before it gets there.
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Jesabela04
Full Member
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Activity: 540
Merit: 100
BountyMarketCap
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February 20, 2018, 04:20:07 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Some people chose to store and hold their bitcoins for many reasons. Some people doesn't need it as fiat yet so they chose to keep it in a secured wallet. Also, some people chose to hodl and keep their bitcoins in store because they are waiting for their desired amount for them to get a better profit. Some people chose to hold because it is their wise choice to wait and seek for a better profit. |
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SeNeor
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February 20, 2018, 04:32:58 PM |
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Big time investors that have big capacity of investing in Bitcoin does so in high capacity and deliberately hold them in their savings over a long period of time for future exigencies and probably contingencies and most of them again ensure this is done for their generation in future having hope that this would have yielded high for them[children], whether they are still alive or not, so that this generation can have good basis of investment to build upon and better life ensued for them in future.
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dobladi
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February 20, 2018, 04:48:25 PM |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
There are only two possibilities whenever you are holding your bitcoin, you can either get higher profit or lower. The volatility of bitcoin is the one that plays over our profits so we should watch over for the pumps and dumps so that we may know when is the best time to hold. Many people has already became successful because of saving their bitcoin for a long time. |
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