bitcoin benefit of saving for a long time?

[Okrah]

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

Come share your thoughts

Not all saving the money in the Wallet can Benefit. Because when the price of coins decreases maybe your money will gone.

[Rustamm]

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

Come share your thoughts

If you look at the price of bitcoin for each year, then its growth is quite impressive. Despite the fact that there have been problems with bitcoin recently, it still represents a certain interest for investors, as it is assumed that this year it should still grow well in price. Therefore, holding bitcoin should make good profits this year. However, it would be better to use its greater volatility and sell it at its price peaks and buy when its rate is significantly lowered. This will give a very decent extra profit.

[Mapalast]

why save bitcoin in a long time ? all must have the same reason, waiting until the price goes up higher than the current price. imagine if you bought bitcoin in 2011 and you keep it until now, maybe you have become rich. now people are still thinking like that, if we save bitcoin until 5 years again, maybe bitcoin price will rise higher. and we will get a lot of profit. just think of it like our savings over the next few years.

[reyblack]

why save bitcoin in a long time ? all must have the same reason, waiting until the price goes up higher than the current price. imagine if you bought bitcoin in 2011 and you keep it until now, maybe you have become rich. now people are still thinking like that, if we save bitcoin until 5 years again, maybe bitcoin price will rise higher. and we will get a lot of profit. just think of it like our savings over the next few years.

That's correct bitcoin rise so high as years pass by and i think it will continue to rise higher in the future. Holding bitcoin is good because we can rely at bitcoin the king of cryptocurrency and the most valuable of all cryptocoins. We must observe volatility that price may go up and down, i think it's good also if we sell some of bitcoin when the price reach so high at a minimum of 19000$. Maybe it's also good to observe the trend of bitcoin because it is really hard to predict the future, if the price is right and entertaining then i will go for it.