Bitcoin saving.

[Anne8]

How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?

Yes for sure it will happen if people just holding. So nobody sell it and make more demand than supply.
What if people have different thought? They prefer to sell it then price will always down.

[nithin@123]

I going to save BTC now.The price is increasing nowadays.So we can earn more if we save the BTC than using and selling.

[buwaytress]

You're definitely not the only one that thinks saving is a good idea. In fact, the big majority of Bitcoin already in circulation belong to holders - people who have bought and just held on to Bitcoin, aiming only to sell at a very distant (or not so far away?) time when the price is at whichever level they think it's going to be at.

Now that Bitcoin's proven all its critics and confounded even its most ardent supporters with this year's performance, people are now going to think that $25k, $50k and $100k are all within touching distance now. So that means even more people holding even more Bitcoin.

You should thank people like me though. I regularly sell and buy. Of course I save as much as I can, but I'm beginning to see serious utility for Bitcoin and am very happy to transact more and more with it. This is what's going to be important for the long term. This is what's going to help maintain these high prices. Utility and demand. Sustained use and adoption.

[dutchkay]

Based on the question you asked, most people are actually seeing Bitcoin as a life time investment. Some even call it retirement investment, they only accumulate without spending it. Well i will say, always invest what you can but for future reference  it's actually worth it.

[btcprospecter]

More and more people are holding for the long-term. With price gaining momentum we are sure to see many early adopters selling as the price would be too good not to sell for but they will always be left with the thought of what it could have been.

[plpatel]

As an investment Bitcoin has given return on investment par beyond one would have thought. At the start of year price of Bitcoin was about $1,000 and today its $10,000 thats 900% return on investment. With more people becoming interested in Bitcoin price will rise more than expected. As of now stay invested in Bitcoin for huge return.

[Alok_Yadav]

How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?

I think it's a right approach. Hold on your btc and it will give you huge profit.

[A Feeder]

Could be true. But, dont expect a constant increase in its value. Who knows? Maybe there will be a huge downfall and a lot of assets could be lost.

[albert11]

After realizing that I could become rich with bitcoin, I just save all my earned bitcoins.  Before my goal is to just earn an extra income so I can buy things which I cannot buy just by my salary alone.  When bitcoin price started to climb up I got an insight that maybe I should stop spending my bitcoin and instead save them all.

[Vastraint]

How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?

It's a great idea but you should prefer to check coin market cap as always because we can never tell how long can bitcoin keep rising! Bitcoin has a great future so it is really necessary, but just be careful.  

[lasry]

that's right, I agree with you,
we must hold our bitcoin until the price is really high
at the end of the year alone bitcoin prices are now up to $ 9959.62
the possibility of 2018 will rise again bitcoin price. so we better save it for savings in the future .right?

no, bad thing here is that if we all hold bitcoin, price wont rise. its a common misconception , we need to trade it and invest more to make its pirce high. It needs some movements in its economy to maintain and sustain it's value.

[poletando]

you are right if you have bitcoin but you dont spend on it its makes the market supply is lower than before that makes the demand about bitcoin can't reached, so i think the value of bitcoin is rising up if you hold your bitcoin in your wallet

[Opquar]

You are not the first one to come up with this concept, that is for sure. Google HODLing to see what I mean. You should be able to find an old thread here.

[Predator25]

This is not a problem for the believers of bitcoin. For sure the value of bitcoin will only rise as more and more people will become interested in it. Some might be even "hodling" from the start when bitcoin was introduced. The real question is, How long can you hold? Because at some point, you will have to use it right? 

Yes, I agree that the value of bitcoin will continually increase if more people will become interested on it.  With the increasing value of bitcoin, many bitcoin holders want to hold it but unfortunately, some people tempted to sell it or withdraw it when its value hit the highest price not knowing that after many days its value become much higher. Personally, I want to hold all my bitcoins but sometimes, due to unexpected circumstances and expenses, I need to withdraw and use it. 

Bitcoin saving? It is really a good strategy for saving and making your money more. And really saving it is good for your future expenses. And can help you especially in financial status.

[Man21]

Based on the question you asked, most people are actually seeing Bitcoin as a life time investment. Some even call it retirement investment, they only accumulate without spending it. Well i will say, always invest what you can but for future reference  it's actually worth it.

Retirement inbestment? Such good sentence.
 If people only buy holding for sure it will only grow up and never down anymore. Because nobody selling it.

[squallw]

In the future, bitcoin may worth above $1million, so if you hold some bitcoins you can be a millionaire.
But, there is no certainty, it is risky. If you had bought in some years ago when bitcoin was only $1 or $10 you'd be rich by now.
The best choice is to HODL long term.

[Kprawn]

I have a big problem with that. Bitcoin has to have "utility" value for it to be valuable and for merchants to continue supporting

it. What would it help if everyone hoarded all there coins and nobody is spending it? I will tell you what will happen...

merchants will stop "accepting" it as a payment option. So if you have nowhere to spend it, what value will it have? I have a

80/20% strategy, where I hoard 80% of all the coins I buy and spend 20% to support merchants that accept it. 

[Jf Annie]

How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?

I think we should save bitcoin because we can use it in future as its rate is increase day by day.

[officerpants]

Also, what's your definition of 'rich'?  That's a pretty loose term.  Do you mean a multi-millionaire flying in a private jet and drinking mojitos on a beach somewhere?  You probably won't get rich on holding and saving BTC alone, not anymore.

If you mean rich as in your debt is paid off, you live comfortably, and you have nice things?  Probably, if you're smart with your investments, put a big chunk in and hold it for 10 years.

It's tough to imagine BTC hitting $10k like it did, especially when it went from $800 -> $100 a few years ago, it looks like that was the real value.  Now it's over $10k.  Can it hit $100k?  Do you think that's a huge stretch?  If you bought 0.1BTC now, and held, you'd have 0.1BTC in 10 years, and then BTC hit $100k, what would you have?  Your investment would have gone from $800 USD to $8000 USD, perhaps?  You might not be rich, but you might be more comfortable.

Saving BTC alone won't make you rich, unless you can already afford several BTC and want to 10x your money in some amount of time over the next 10 years.  Buying and selling altcoins and wisely investing could make you much more money, and 'much rich'

[odakorlina]

With the increasing value of bitcoin, most people hold their bitcoin and wait till prices hit to the highest price and sell. I'm sure there are possibility to be rich in the future once you save your bitcoin now.