bitcoin benefit of saving for a long time?

[ChConcept]

I think what they are doing is called an investment. It could be just short term like weeks or months but there could also be long term that they will just buy some Bitcoins, hold it or even forget about it for years and then gain great profit out of it, remember those Bitcoin holder who had their coins for like $1, imagine that at one point last year it reached $19k. It pays off more than a hundred times when you hold patiently and wait for the best time to sell your coins.

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[BR0]

Saving bitcoin for a long time will make you get a lot of profit, it's already happened in 2017, where people who have been saving bitcoin for a long time before entering 2014 have saved bitcoin, and it's proven by 2017 to be a billionaire whereas the bitcoin price is actually on the moon. There's no doubt saving bitcoin for a long time will make you earn a lot of huge profits.

[KrisAlex18]

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

Come share your thoughts

Storing your bitcoin for a long time can either give you higher profits or lower since the value is very volatile which leads us usually to higher expectation as we hold our bitcoin for a longer time. The benefits people can get from storing their bitcoin for a long time is the larger profit and the advantage of getting more income from what you got before. Just be smart and responsible while holding so that you can make the most of it.

[Blackmet]

If you want to save bitcoin really for a long time. 5-10 years it's a good idea at my opinion because bitcoins price always increasing every year and you can get good profit.

[lanalang]

when i have bitcoin, i will sell in high price. and i take in stable price and than sell it.
i never hold for long time (except the price still low), and sell when get bitcoin.
if you save just for long time, you have 50% chance to get benefit or loss some of bitcoin, because you know bitcoin price is unstable. but if you sell in high price, and buy at low price you will get more benefit. and it can use for long time.

[EnricoGomez]

People save bitcoin for a long time mainly because the value of it will continue to increase and increase as time passes by.
It is evident by looking at the past vlues through the years from tge early period of rhe bitcoin and comparing it to what it is currently as many and many people gain interest and invest.

[Portia12]

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 they think of it as an investment that will gain big profit in the future. I do admire these risk takers thinking that they can afford to lose but on the other side they surely study about it before doing such thing. They might be hoping for the huge rise of bitcoin just like last year from $4000 to $20000.

[Botnake]

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 they think of it as an investment that will gain big profit in the future. I do admire these risk takers thinking that they can afford to lose but on the other side they surely study about it before doing such thing. They might be hoping for the huge rise of bitcoin just like last year from $4000 to $20000.

I do hope for the success to happen again, we have a good trend actually as we have surpass the every success that happens in the previous
years, and as the investors and adopters are increasing, we are hoping the trend will continue so we hold no matter what.

[Dread Pirate Roberts]

I think what they are doing is called an investment. It could be just short term like weeks or months but there could also be long term that they will just buy some Bitcoins, hold it or even forget about it for years and then gain great profit out of it, remember those Bitcoin holder who had their coins for like $1, imagine that at one point last year it reached $19k. It pays off more than a hundred times when you hold patiently and wait for the best time to sell your coins.

it was the first time but the current comparison of the price is very different.
I do not say it's a bad trait but with them care about their assets. they can be more productive with the assets they have later on.

[Niranana]

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

Come share your thoughts

Holding your Bitcoin is probably one of the most promising ways of making money from Bitcoin as Bitcoin can grows at a very fast rate and saving and holding a large amount can earn you great returns. Holding for more than can double the value of your Bitcoin so save and hold as much as you can.

[Bugsbey]

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 the majority of people who truly understand the potential of bitcoin invest in it and keep it in their wallets for long term, only those who don't know it yet or are new to bitcoin panic and sell because some random comment on some random place on the internet said so.

So true.  Some also do not save their bitcoin in their wallet    maybe because they are afraid it might get lost. Especially those who are new to this, some will got excited converting it right away to fiat money for them to use. When the time comes when they will know what possibly they could get from storing their bitcoin for long time, then they will possibly have regrets for not saving them. Since the longer they store them in their wallet, the higher the chances of trading them in perfect timing when bitcoin is at its highest.

[Kadal Ijo]

Yes right, if we are patient then we will get big profit, as we know that now bitcoin price looks stable and difficult to ride, I suggest to hold hold and buy because year-end price will reach at least $ 50k.

[fritzbird]

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 only reason people store bitcoins in their wallets over long periods of time is to make better
profits when the market is good and prices are higher. But I think most people use bitcoin as a
short term investment, because of it's ever changing price, people tend to buy low and sell high
as soon as it pumps. Though some also save some bitcoins just to make sure that if the market
still pumps more, you can still capitalize and yield more profits.

[Ramtapsbtc]

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 so many testimony that they became rich just by storing their bitcoin on their wallet and leave it there for a long time. There is none in the history of bitcoin that if drop lower during the year you purchase it and after a year later, it always go up. Meaning the longer you store bitcoin the more profit you can get.

[Md.Sufian]

If we will have Bitcoin for a long-term savings then we can add inflation and make more money because Bitcoin prices will always be going up and adding more money to our money in the future.

[pinoyden]

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 the majority of people who truly understand the potential of bitcoin invest in it and keep it in their wallets for long term, only those who don't know it yet or are new to bitcoin panic and sell because some random comment on some random place on the internet said so.

So true.  Some also do not save their bitcoin in their wallet    maybe because they are afraid it might get lost. Especially those who are new to this, some will got excited converting it right away to fiat money for them to use. When the time comes when they will know what possibly they could get from storing their bitcoin for long time, then they will possibly have regrets for not saving them. Since the longer they store them in their wallet, the higher the chances of trading them in perfect timing when bitcoin is at its highest.

So true.  Some also do not save their bitcoin in their wallet    maybe because they are afraid it might get lost.

so if they afraid on putting bitcoin in their wallet, where did they put thier bitcoin? In an online exchange? puting it in an exchange is more riskier because you dont hold your private keys.  there is also a big risk that the online exchange will shut down or might get hacked. That is why it isnt advicable to store your coins in a exchange.

If we will have Bitcoin for a long-term savings then we can add inflation and make more money because Bitcoin prices will always be going up and adding more money to our money in the future.

thats impossible to happen , people will also sell their coin in order to earn a profit from time to time. they also sell their coins if they need some money for important purposes and that is the reason why bitcoin cant become increase all the time.

[Baggong]

Right, it took almost 10 years to get bitcoin prices up from $ 1 to $ 10,000, if I had $ 1000 and could buy bitcoin for $ 1 in 2009 then I would get 1000x10,000 or $ 10 million profit, and with that money I would be rich.

[vallentvi4]

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

Come share your thoughts

This is not a matter of benefit, but trying to find luck. They interpret bitcoin to meet their expectations in the future.

[criptogoon]

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

Come share your thoughts

Most of the people store bitcoin as investment, saving bitcoin for a long time is one of the best option, because of a higher probability of maximizing your returns in the future.

[Falmera]

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder

I agree with you. If one is not a risk taker then investment is not good for him. It is better to save the coins in the wallet and wait for the inflation of the value. Patience is all one need to gain a bigger profit.