"Is Bitcoin the ultimate savings tool?"

[Cipherpz]

Most people generally think of Bitcoin as an "investment for profit". Again
Many Bitcoiners see it as a savings tool – especially those in developing countries. Because it holds value for the future and is personally controllable. The total supply of Bitcoin is 21 million and it has historically held its value for the long term. This makes it relatively easy to send remittances and Bitcoin can be seen as a "digital savings account".
There are price fluctuations in the financial markets.
But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

[AVE5]

Most people generally think of Bitcoin as an "investment for profit". Again
Many Bitcoiners see it as a savings tool – especially those in developing countries. Because it holds value for the future and is personally controllable. The total supply of Bitcoin is 21 million and it has historically held its value for the long term. This makes it relatively easy to send remittances and Bitcoin can be seen as a "digital savings account".
There are price fluctuations in the financial markets.
But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

Bitcoin limited supplies of total of 21 millions is what got it a store of values following it scarcity as golden and digital assets as demands keep soaring interestingly above supplies.
It has become globally attractive due to it volatility formations of its market cycles regulatory in every 4 years of experiencing new phases of breaking new Ath's known to be the bull season which gives investors the privilege to bargain on it investment plans periodically investing amount of money they can afford to invest which of course dedicated investors with low or high value of their discretionary incomes can buy and accumulate a much desired values to their portfolios in a gradual or sequential processes otherwise known to be Dcaing or irrational buying accumulating strategy.

[Oshosondy]

But I think holding it for 5–10 years will actually be profitable.

Yes this is long term saving and it will help because bitcoin would have increased more in 5 to 10 years. But it would be good if the coins (I mean bitcoin) can be saved or hold throughout someone's entirely life and let his children still inherit it because bitcoin is an asset of value, its price will continue to increase undoubtedly.

[PremiumcryptoHub]

Indeed there may be a difference of opinion here as many consider Bitcoin to be the ultimate savings tool because they want to accumulate future savings through this, especially those who have knowledge about cryptocurrency. Many others simply consider it a profitable investment because they have short-term investment goals, they want to buy during the dip and sell during the bull run, which is part of their daily needs. Although everyone has different views, the savings and investment process of this decentralized currency may be quite complicated, in fact we often see that its price is closely linked to market demand and supply.

[Majestic-milf]

 Everyone has the way they view Bitcoin. Some see it as a get rich quick scheme, others a store of value and also an ultimate savings tool as you mentioned  but it all depends on your reason for getting into investing in it in the first place.
 It's more beneficial when you buy Bitcoin and hold for a very long time because as time goes, the value increases.
Some weak hands rush to sell when the market is low because they don't want to lose out entirely but the strong and patient ones ride the storm and benefit well from it.

[AprilioMP]

But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

There is no experience that I have found that for a period of 5 to 10 years people complain about losses.
Bitcoin price statistics always show an increasing graph so I would agree that Bitcoin is a profitable long-term asset both in terms of price returns and hedging.

The best way to invest in Bitcoin is not to force it but to be consistent every time.
The ups and downs of the market should not deter you because that is how the market works. When the market goes down in price, the amount will be different from the market price going up. Those who do that will not lose money.

[348Judah]

Most people generally think of Bitcoin as an "investment for profit". Again

We have top let the people know and realized the usefulness of bitcoin not being limited to one applicable way, there are various means we can engage on the use and make a difference from how we have seen it, some will use it as a store of value, an investment asset, their payment currency and so many others.

But I think holding it for 5–10 years will actually be profitable.

Not bad, its more better to hold this way, except for those who are traders.

[Awaklara]

By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

Those who have held Bitcoin for the past few years have undoubtedly seen how profitable it can be. However, for beginners looking to buy Bitcoin, understanding the phrase "Buy low, sell high" is quite easy. However, implementing it can be challenging. Not everyone who is new to Bitcoin can determine the lowest price for Bitcoin. Because, if you're talking about the long term, the current price could be lower than the future price.
Most beginners hesitate to buy at the current price. If you don't want to buy high and sell low, strengthen your finances. Your long-term investment will be quite secure.

[Asiska02]

There are price in the financial markets.
But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

Bitcoin as an investment is what has made it thrive so well today. When it is being used for other purposes, it doesn’t get that attention of the people to want to own some of them. But as an investable asset that have proven to be profitable is what makes many want to invest in it and own some amount of it with them. Holding for the long term has also proven to be the best way to be profitable after investing into this asset, so that makes it another store of value for the investors and keep the price sustainable for a very long time before a major move happens in the market is as in the case of bearish cycles, when whales sell to take profit after long term holding.

[cryptomaniac_xxx]

Most people generally think of Bitcoin as an "investment for profit". Again
Many Bitcoiners see it as a savings tool – especially those in developing countries. Because it holds value for the future and is personally controllable. The total supply of Bitcoin is 21 million and it has historically held its value for the long term. This makes it relatively easy to send remittances and Bitcoin can be seen as a "digital savings account".
There are price fluctuations in the financial markets.
But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

I think it's safe to say that Bitcoin is one of the best investment tool that we have right now. But don't get me wrong, it's not that easy to make a lot of money from it unless you are are early bird investor or holder and didn't sell during it's early years. I would also agree that at least one full bull run holding is good for everyone to test it out how good Bitcoin is. Nevertheless, it's not that easy to do that, unless you really have that mentality and willing to sacrifice and not being tempted to sell when you are in a profit already. So there is no secret formula here, look for the bigger picture and you will all be good. Specially right now that the supply is really dwindling, and with that the price is going to skyrocket in the future, the basic supply and demand in works.

[Smack That Ace]

But I think holding it for 5–10 years will actually be profitable.

We can't guarantee 100% because anything can happen and everything has risks but when holding bitcoin for 5-10 years. There is a 99% chance that we can make significant profits and improve our financial situation. Holding assets with limited supply and increasing demand like bitcoin for the long term is always beneficial, but the problem is it is easier said than done. This is not a short period of time, and there will be many challenges and obstacles that we need to overcome, and not everyone can overcome them.

Many of us always claim that we can hold bitcoin for long periods of time like 5, 10 or even 20 years but in reality not many people can do that.

[ahmedabubakarabbo]

But I think holding it for 5–10 years will actually be profitable.

We can't guarantee 100% because anything can happen and everything has risks but when holding bitcoin for 5-10 years. There is a 99% chance that we can make significant profits and improve our financial situation. Holding assets with limited supply and increasing demand like bitcoin for the long term is always beneficial, but the problem is it is easier said than done. This is not a short period of time, and there will be many challenges and obstacles that we need to overcome, and not everyone can overcome them.

Many of us always claim that we can hold bitcoin for long periods of time like 5, 10 or even 20 years but in reality not many people can do that.

Your absolutely right and it is a very grounded and honest perspective. Holding Bitcoin for 5 to 10 years sounds simple in theory but in practice it is far from easy. The emotional rollercoaster that comes with price volatility fear of missing out unexpected life expenses or even doubt during bear markets can shake even the strongest hands.

Long term holding does have great potential especially with assets like Bitcoin that are scarce and increasingly adopted. But as you said the real challenge lies in staying patient and disciplined over time. It is a mental game as much as a financial one. Recognizing the difficulty is actually the first step toward developing the strength to endure it.

[Obim34]

Most people generally think of Bitcoin as an "investment for profit". Again

Yes that is what Bitcoin is, there are different value that Bitcoin holds, investment, store of value or currency for payment. Among all the value accompanying Bitcoin, higher percentage of people are interested in making profits from Bitcoin, once it becomes about the profits it is no longer savings, savings are meant to be stacked somewhere with less risk (volatility). If not that Bitcoin generates profits, i bet there will be less people interested in Bitcoin.

[justdimin]

Everyone has the way they view Bitcoin. Some see it as a get rich quick scheme, others a store of value and also an ultimate savings tool as you mentioned  but it all depends on your reason for getting into investing in it in the first place.
 It's more beneficial when you buy Bitcoin and hold for a very long time because as time goes, the value increases.
Some weak hands rush to sell when the market is low because they don't want to lose out entirely but the strong and patient ones ride the storm and benefit well from it.

That... that feels like we are including the wrong ways too. If you are going into bitcoin for a quick way to get rich, then that is a bad way to get in, why would you do that? And why would that be a good thing? We need to realize there are good and proper reasons to invest into bitcoin, and there are bad ways too. Getting rich very quickly is a bad reason to get into bitcoin. Savings on the other hand is a good reason, there isn't really any reason why you shouldn't be doing this and we could make some money.

We need to assume that the best way to move forward, would be focusing on how to get better results with the way you are living there. What we are seeing at this time, is not that important, not dwell on bad reasons, and focus on good ones.

[YOSHIE]

Most people generally think of Bitcoin as an "investment for profit". Again

Maybe every individual has a variety of speculation and in Bitcoin assessment, of course all of that cannot be separated from the knowledge and expertise they have in understanding Bitcoin.
For example:
Someone thinks Bitcoin is worthy of an investment or digital savings asset, of course speculation will bring positive things to themselves, as well as those who understand trade and so on.

The way you think bitcoin as a long-term savings, of course what you plant is what you are picking, all we understand bitcoin if speculation is very diverse for the good of each individual.

[$crypto$]

What do they consider Bitcoin to be? A future savings account, retirement fund, children's education fund, or a worthwhile investment? Bitcoin remains the best long-term asset.

How many cycles have seen significant increases? Especially for the long term, over 10 years, we are optimistic that the price will continue to rise, so it is good to consider it as future savings because the price could continue to rise with each cycle.

[bitzizzix]

Whether you or others consider Bitcoin as savings, an investment, or something else entirely is entirely up to you. The most important thing is to treat Bitcoin as a long-term goal, as that's the only way to profit. Then, continue accumulating Bitcoin and holding it for the long term, as its value will continue to increase over time, which will benefit those who manage it with a long-term goal in mind.
Bitcoin savings is similar to the DCA method, which involves setting aside a portion of your money when you have cash or receive a salary to buy Bitcoin. This is done periodically and for the long term. The difference is that Bitcoin's value will continue to increase, allowing those who own it to become wealthy in the future.

[hyudien]

Whether you're considering Bitcoin as an investment, future savings or even a hedge against inflation, all of these are valid, however the key is to invest time and patience as Bitcoin is considered profitable when you reap the rewards in the next 5 or 10 years if you're just starting to accumulate funds. Investing in Bitcoin is certainly not easy because it's a highly volatile asset and you might be concerned when you see a market downturn. However this is an opportunity. Bitcoin high volatility offers the potential for compounding profits in the long term.

[Jawhead999]

Yeah, it should be like, when you have no time or something to grow your money, then use the money to buy Bitcoin.

Bitcoin isn't the best way to make money, your active income or business can overtake Bitcoin return, but as I said before, it requires time, effort and knowledge. Investing in Bitcoin not require to check the originality or market, as long as you buy and hold at least for four years, you will never loss.

[doomloop]

Bitcoin is also a currency. I think you can say it is a tool because we can store money in here.

The total supply of Bitcoin is 21 million and it has historically held its value for the long term. This makes it relatively easy to send remittances and Bitcoin can be seen as a "digital savings account".

Its small supply compared to others is one of the reason on why its value can rise. Its high value is also what makes BTC popular, so like you said, it is now easy for us to send and receive money. But apart from it, its decentralization aspect is also one of the factor to make it possible.

By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".

I thought we are talking about savings here? But yeah, it can act as investment opportunity as well. Buy low sell high is only one of the methods for investing but BTC is a type of asset that we can as well hold for the long-term. Buying high is also possible and it is called as DCA. Some can sell at low but it does not mean that they are now a loser.