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HabBear
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March 03, 2018, 04:11:11 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Because you will most likely lose money if you sell bitcoin on a long enough timeline. The OP is asking why to hold bitcoins, not sell them. Limited supply, and a constant demand for bitcoin, will guarantee an increase on price.
Limited supply in no way guarantees an increase price. A constant demand, i.e,. stable, not decreasing but not increasing, will keep the price the same. We must have increasing demand to increase the price. But, as the supply growth slows and demand increases it becomes much harder for the price to fall back...unless of course the community abandons the idea. But why would anyone abandon the idea if it's already stable as a store of value? |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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zhekinsp
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March 03, 2018, 04:14:24 AM |
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Well, If you are a saver of bitcoin it will have a big benefit in the long run or in the future because we all know that bitcoin value was continually increasing and if you are smart person you will still wait until the bitcoin's value will reach the highest price and that's the time you need to convert it with fiat.
Bitcoin can not reach its maximum value until people converting them into fiat we need to hold our bitcoin for long term like more that five years at that time more peole will adapt to the crypto currency system which means the demand will be high so the value also high,but we no need to convert them into fiat we can use bitcoin as a direct form of payment in future. |
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tweetbit
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March 03, 2018, 04:25:57 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
In this aspect, it’s up to you as that decision is yours to make. But think before doing so, balance the situation and if it is worthy enough for you to sold at this price. If you will not lose in selling it then do it but maybe in a month or few weeks from now the chance for you to profit doubled in the future is a possibility. So take few step backward and breath before deciding on that. |
HODL
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Unicorn_Heart
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Activity: 115
Merit: 11
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March 03, 2018, 04:26:34 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Only you could check yourself for your own reason. For me, I cannot see any reason to give up my bitcoin unless there is already a movement in our country to restrict or ban cryptocurrencies. Most of the people give up their btc because of fear or impatience. But I would like to suggest to you to hold your coins, I am seeing more regrets in the future instead of the benefits when you let them go. |
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Dheo
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March 03, 2018, 04:30:54 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Is that really need to give up your bitcoin? Because for me i just give up my bitcoin if i see that i actually gain a huge profit but if not i didn't give up my bitcoin. If you see the price of bitcoin will increase as much as many investors and users are involve on it, after a year the users will also increase that's why we need to hold it for long term. |
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taiwww
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March 03, 2018, 04:59:58 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
What do you mean by giving up my bitcoins. ? You are confused with something and taking the bitcoin thing wrong way. Bitcoin is simple and decentralised currency for your own use. It was made like such that you could use it peer to peer transaction. "Be your own bank" is the concept coming from this currencies only. You don't have to rely on anything or anyone. You are own boss of your holdings and you don't have to sell anything for any purpose. |
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HatakeKakashi
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March 03, 2018, 05:16:11 AM |
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Because if you give up your bitcoin yes you can get profit but how about ifbthe bitcoin price increase again for sure you will be cry because instead of making more profit. You will earn some profit only. But they have advantages also if you sell your bitcoin because even the price of the bitcoin decrease your money will be stable or not decrease because you're already convert it into cash.
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Bobby park
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Activity: 546
Merit: 24
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March 03, 2018, 06:10:08 AM |
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Its up to you, if you need your bitcoins in order to support your current needs then I think it is better to give up your bitcoins and turn it on fiat but as long as you make it as your investment, try to hold on.
We have our own reasons why do we need to give up something and that reason may cause our neglection to our decision.
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lablab03
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March 03, 2018, 07:58:05 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
if you wishing to gain more profits on bitcoin you should not give up , just hold it for a long term instead of doing day trading 'cause day trading with it is so difficult because the market is always fluctuate , and doing technical analysis every days for it is so depressing. So long term is the best choice if want to obtain more profits. .regards |
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keeee
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" Coindragon.com 30% Cash Back "
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March 03, 2018, 08:10:08 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
You do not need to give up your bitcoin because it will not benefit you. Instead, you will lose a lot of money if you sell all your bitcoin when its price is very low. It will be good for you if you will just wait for the price of bitcoin to increase so that you can gain a large amount of profit and that will benefit you the most. |
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Kemarit
Legendary
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Activity: 3080
Merit: 1353
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March 03, 2018, 09:11:23 AM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Let's put it this way. Look at bitcoin as your investment. You might not be needing money today, but in the future if you hold on your bitcoin today and someday, there's an emergency situation that you needed money then you can somewhat withdraw your bitcoins. Its like saving funds for you it you like that term. And you should always beyond, because we will never know when their some financial crisis that will come along so its better to save today so that you have something of a plan B. Maybe you are disappointed with how the price moves today, but rest assured that it will reach another all-time-high and you will be glad that you made the right decision to keep your bitcoins. |
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sp01_cardo
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Personal Text: Blockchain with a Purpose
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March 03, 2018, 01:41:06 PM |
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It depends on how much do you believe in bitcoin. If you believe in it then make more investment in bitcoin. Holding it in the long run will benefit you, just wait when the value of bitcoin became high after so many years.
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faceoff97
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March 03, 2018, 01:48:19 PM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Bitcoin is more like an asset. Just like Gold, its value grows from due time. Its wise to actually have this in preparation for the future growth of bitcoin. Be sure not to misa out what this asset can actually bring you. This is absolutely more than just saving money, uts the wisest way to invest gor the future. Knowing that it is niw getting more popular and it's demand is continuously increasing, never give up and miss out. |
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Jas18
Newbie
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Activity: 153
Merit: 0
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March 03, 2018, 02:00:33 PM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Bitcoin is more like an asset. Just like Gold, its value grows from due time. Its wise to actually have this in preparation for the future growth of bitcoin. Be sure not to misa out what this asset can actually bring you. This is absolutely more than just saving money, uts the wisest way to invest gor the future. Knowing that it is niw getting more popular and it's demand is continuously increasing, never give up and miss out. Definitely right, as long as you can hold it, hold it. Knowing bitcoins price is getting higher, you have the reason not to give up on it. Bitcoins price today is still very volatile and still low, however its demand is getting higher for it is already known by many people and still spreading its uses and benefits. Therefore, the more people investing and uses it the higher the its price value will be. Thus, the more profit we will have. |
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Lancusters
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March 03, 2018, 02:13:38 PM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
It will not do you in the future at any price coins. Maybe you're a casual guest in the crypto economy. Such people often become easy prey for the whales. In order to be successful in crypto-Economics you must understand all processes and sincerely share the idea of cryptocurrencies. |
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bob123
Legendary
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Activity: 1624
Merit: 2481
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March 03, 2018, 02:23:24 PM |
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But, as the supply growth slows and demand increases it becomes much harder for the price to fall back...unless of course the community abandons the idea. But why would anyone abandon the idea if it's already stable as a store of value?
I think thats the point. In a world where bitcoin works as intended (no big flaws in the protocol, no weird behaviour, ...) it is going to rise, massively. When the majority of people is aware of bitcoin and of its properties (Store of value, trustless transactions of value, secured through math, ...) the demand for BTC should grow massively compared to today. Where, if something really really bad happens (security breach, etc.. ) the biggest part of the community indeed will abandon this idea. In my opinion thats the only possible way of how bitcoin could 'die'. |
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siti25
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March 03, 2018, 07:27:10 PM |
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well why should you let go of your bitcoin, if one day in the future you will get great benefit from bitcoin. nobody knows how much bitcoin grows, but whatever it is, it's the amount you get. you just need to be patient waiting for the price to reach what you think is the highest.
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andrei214
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March 14, 2018, 12:05:00 PM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Giving up on bitcoin must not be one of your choices.Many people who uses bitcoin gives up specially once that the price rate falls.But then dont lose hope, and look in its brighter side, when you wait and save much more of your bitcoin and once that the price you wanted comes, then you can profit for more.Your waiting for long time will be change. |
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Weawant
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March 14, 2018, 12:44:20 PM |
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Why do I need not to give up my bitcoins? How does that going to benefit in the long run??
Giving up on bitcoin must not be one of your choices.Many people who uses bitcoin gives up specially once that the price rate falls.But then dont lose hope, and look in its brighter side, when you wait and save much more of your bitcoin and once that the price you wanted comes, then you can profit for more.Your waiting for long time will be change. If he don't have a choice but to give it up then he must do it price actually flactuating bad right now and this one could kill the profit of lowball holders or for the people who rely on their crypto profits for a living. But we shouldn't fear on this huge upset happening right now since all of things who fly high need to fall for a while and we might earn a huge digits if we hold for little while. |
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fiulpro
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March 14, 2018, 01:02:42 PM |
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You know.. right now when you are typing you are going towards the way where you would likey panic sell and trust me that would affect you in a very bad way.
You know highs and lows are...very.. common sometimes it's political adjustments that really causes a lot of change in the rate..
You should know that even if it's decentralized it's being affected but the good part is it won't last that long.
It will recover ... And you need to wait for that.
If you need money they for sure I would advise you to go for it and cash out but if you don't and you can somehow manage then I don't think that you should really panic
sell.
You are most likely to loose money !
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