bitcoin benefit of saving for a long time?

[cryptojaani]

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 people are willing to risk their bitcoin to be able to gain more profit from it.  You need to risk to be able to gain big.  

- They know the risk from bitcoin is not too great because the development and trend of bitcoin is very clear, it always tends to go up, that makes them believe that holding bitcoin in the long run will bring greater profits for them, helping them become richer without doing too much work. In addition, they do not have much time and skills for trading, what they have is only money, they choose the holdings to be safer and suitable for their conditions, however, they do not realize that bitcoin trading is easy and makes more money, instead of holding

In addition to the possibility of profit, I think that another great advantage lies in the possibility of having a decentralized way of storing value, which also brings the possibility of making payments around the globe through the internet, something that is not possible with other ways of storing value, such as gold.

[thecoder2017]

Some people take a risk of holding their bitcoin for a long time because they believe that they can havr e a bigger profit if the price of bitcoin will go higher and this will serve as their investment especially now that the price of bitcoin is low.

[Raielley]

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 fiat money for a long time mean just devaluing it, with the passage of the time the vale of money is decreasing and therefore i will like to say that investment is the best option to save and keep you money valuable and increasing.

[johnalyn]

As I join to bitcoins world I new that the benefit of saving it for a long time can change it's amount, I mean it can grow like putting it in a bank but it is more easy for that and that's why I also doing it saving for a long time can caused more earnings than putting it in my wallet and also investing it for any coins is the way to savevit for a long time.

[Gondwanaland]

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 benefit of bitcoin for saving it for a long time is when the chance of getting of your own bitcoin to gain profit. Because if the bitcoin price will rise up and then your bitcoin will rise up too. that is why many people choose to save their bitcoin to earn without working. But still you need to take risk because if bitcoin price will fall your bitcoin will fall too.

[BILGPS]

Yes bitcoin is good to hold for the long term and if we could save our bitcoin for future then it will provide us the beneficial features and i am surprised to check the popularity of this digital currency while in the present time bitcoin is using for many purposes and with this the bitcoin will make our life more easier soon the people will hold this for their next generation.

[anehh]

They will get benefit after hold for a long time because they are believe sometimes the bitcoin price will higher and they will sell the bitcoin they have.

[jaredl]

this is not just for BTC, many are holding on to their cryptocurrencies in their wallet in anticipation of higher prices in the future.

BTC however does not offer any staking benefits and will not produce more coins by holding it... unlike NEO and other staking coins.

I am holding to all my coins at this moment as the value will surely multiple in a year's time.

[Ailmand]

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

Come share your thoughts

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.

I think many people are doing that, especially those who have been in the market for a while now. Knowing that Bitcoin has that trend of being dormant and not gaining much value for months at a time to set itself up for another surge, then most people who has in holding of Bitcoins would just take the smarter path and hold their coins with patience until such time they can dispose it for a higher value. Many would prefer that because it's a passive way of earning, and while they are venturing in other assets like altcoins or doing investments, it's always good to know that you have a contigency, seemingly like a sleeping giant, that you give you a big return.

[evader11]

Saving bitcoin for a long time is defined as a long term investment. Some people keep and save it because they believe of the higher probability that the price will go up to the moon and get a huge profit on it. Remeber bitcoin is decentralized expecting that it can't be stable on its price and by holding it you can get a big benefits maybe your life can change.

[Dux2K]

Probably the best thing right now is to hold and if possible to buy more for keeping. Think that best are for those who didn't buy anything just collected them over years with various ways, from small to big ones.

[Lambe Ndumble]

Yes true, if we want to be patient and wait for a long time for at least 5 years then bitcoin prices will rise up to 100x, this is because the number of users is increasing and they do not care about the number of countries banned bitcoin.

[Lubang Bawah]

Yes true, if we want to be patient and wait for a long time for at least 5 years then bitcoin prices will rise up to 100x, this is because the number of users is increasing and they do not care about the number of countries banned bitcoin.

I think bitcoin is different from other types of investments such as stocks, gold or property, if we wait 5 years maybe the investment can be a big profit, but I'm not sure that people can be patient waiting for 5 years because many who immediately sell because of seeing prices rise.

[BETnaBET]

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

Come share your thoughts

We can have the benefit of bitcoin to be rich as long as we are interested of bitcoin. If you experience already how to have the benefits  bitcoin .The first thing l recognize in bitcoin world is to be rich. I also have a dream that bitcoin will make me rich of one of this days. I believe in bitcoin that will  give me hope for my kids.

[harimauagam]

keep them away from children's places and do not make coffee every day just the right time to use sugar so they know high sugar prices and should not be wasted.

[BitcoinPaw]

Saving for a long time will probably make profit for you but isn't better to make this profit stable and make it freaquently? I think that saving isn't the best way.

[outsider99]

People keep their bitcoin in the wallet as a savings account, most of those who keep it usually wait for high prices so they can sell it. the move is done to seek greater income.

[signaturecoin]

Many people are storing their bitcoin in their wallet for a long time because the value of bitcoin is volatile which means there are still some possibilities that your current profit will rise or fall. Those people who has stored their bitcoin in their wallet for many years had surely gain benefits right. You should only hold if you think the value will still increase.

[Thamon]

 It used to be that the market was a way to invest savings so that the money could grow over long periods of time, withstanding the withering effect of inflation

[Cedie]

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

Come share your thoughts

What they do is pretty much called long time holding. They buy bitcoin when they think it is in its lowest value, holds for a long time maybe weeks or months, and they sell whenever they need it or if they think yhe price is high enough to earn profit. But for me, this strategy is not good anymore. I would recommend short term holding which is more active than the latter. You just have to be contantly updated with bitcoin's price. Buy when you think it's low and sell when you think you can have profit.