bitcoin benefit of saving for a long time? - page 101.

crazycatwoman03

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Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

This is right, with saving bitcoin's more people become millionaire. Saving is working because I have a friend and they have a bitcoin in year 2015 and that time the price is low. That time he is continuosly earn bitcoin, with their harworking they have a big profit. It is because of the bitcoin price, the benefits of being not stable of price is one reason why bitcoin have an advantages to other currency and why we become rich in the future.

Actually, with this great idea, people will encourage to use the bitcoin as investment. But I suggest that don't put all your money in bitcoin as investment cause many uses can bitcoin have like trading.

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Quote from: Vaskiy on July 06, 2017, 01:52:54 AM

Quote from: Ziskinberg on July 06, 2017, 01:45:14 AM

Quote from: Paid Piper on July 05, 2017, 06:57:22 PM

Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

in fact i am also in favour of long term investment. in long term investment there are less chances to lose your money, and specally for those people who do not have experience in short term investment.

I will respect what you believe, but IMO long term and short term investment is the same because they are both risky and it always depend on a certain investor on who he will be able to manage that risk to minimize to result a maximum profit. Since all kinds of investment are risky and bitcoin is too risky, diversification of our investment is very important, we must have investment in real world while having online investment, that way we can assure continuity when some investment is not doing well or will fail.

Agreed, a diversified investment portfolio will help us overcome unexpected situation, as the entire network is decentralized as well unpredictable in reality. I don't think with short term investment people have big risk because even if it's getting distracted it won't happen very shortly. We can make use of it. But looking the growth from the start this has given the assurance that investing into it will surely benefitting.

Diversifying investments or our capital into several types of worth it investment is a good way to minimize the risk of losing money and when the unexpected things happen then we can't get a huge loss because there is a lot of back up investment that are in our portfolio so we don't need to become paranoid in our investment as long as we are diversified very well.

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Quote from: Ziskinberg on July 06, 2017, 01:45:14 AM

Quote from: Paid Piper on July 05, 2017, 06:57:22 PM

Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

in fact i am also in favour of long term investment. in long term investment there are less chances to lose your money, and specally for those people who do not have experience in short term investment.

I will respect what you believe, but IMO long term and short term investment is the same because they are both risky and it always depend on a certain investor on who he will be able to manage that risk to minimize to result a maximum profit. Since all kinds of investment are risky and bitcoin is too risky, diversification of our investment is very important, we must have investment in real world while having online investment, that way we can assure continuity when some investment is not doing well or will fail.

Agreed, a diversified investment portfolio will help us overcome unexpected situation, as the entire network is decentralized as well unpredictable in reality. I don't think with short term investment people have big risk because even if it's getting distracted it won't happen very shortly. We can make use of it. But looking the growth from the start this has given the assurance that investing into it will surely benefitting.

Ziskinberg

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Quote from: Paid Piper on July 05, 2017, 06:57:22 PM

Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

in fact i am also in favour of long term investment. in long term investment there are less chances to lose your money, and specally for those people who do not have experience in short term investment.

I will respect what you believe, but IMO long term and short term investment is the same because they are both risky and it always depend on a certain investor on who he will be able to manage that risk to minimize to result a maximum profit. Since all kinds of investment are risky and bitcoin is too risky, diversification of our investment is very important, we must have investment in real world while having online investment, that way we can assure continuity when some investment is not doing well or will fail.

Paid Piper

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Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

in fact i am also in favour of long term investment. in long term investment there are less chances to lose your money, and specally for those people who do not have experience in short term investment.

Sled

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Bitcoin- in bullish time

Quote from: djimbim0 on July 05, 2017, 07:16:51 AM

Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

If they have a lot of bitcoins then they can easily be millionaires but if the they only have few bitcoins then they can just let it grow by doing trading or investment that can give a lot of potential to their holdings to grow. Bitcoin holding for long term is a good investment at the same time because after a few years we can see a really huge price pump from now on.

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Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.

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Quote from: nasipadang on July 04, 2017, 11:30:03 PM

Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time, with the already high bitcoin prices I'm sure many have sold it

The supply is limited and this price will not rise like this if only few people are holding, maybe some supply were lost like an owner
forget the private key or any related incident. Also, there are whales who holds a good volume of bitcoins and they are still holding
until now, if they hold we should be doing as well.

nasipadang

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Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time, with the already high bitcoin prices I'm sure many have sold it

PancherBitCoin

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Quote from: Vohoanghiep on July 04, 2017, 11:06:51 PM

Quote from: CROYA86 on March 11, 2017, 05:10:16 AM

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

Come share your thoughts

Sending Bitcoin into a wallet is a wise decision, as they see it as a high interest savings in a short time. When Bitcoin is high, you can sell to make a profit. When Bitcoin drops, you can buy in, hoard it.

The fact is that to date, not very good price dogecoin, in order to replenish your purse stocks. It seems to me that you can wait some more time for that year, the price will drop a little lower. But keeping Bitcoin's wallet is a very wise decision. Reality in the future Bitcoin will bring great good returns.

Vohoanghiep

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Quote from: CROYA86 on March 11, 2017, 05:10:16 AM

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

Come share your thoughts

Sending Bitcoin into a wallet is a wise decision, as they see it as a high interest savings in a short time. When Bitcoin is high, you can sell to make a profit. When Bitcoin drops, you can buy in, hoard it.

Omega Weapon

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Quote from: CROYA86 on March 11, 2017, 05:10:16 AM

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

Come share your thoughts

Almost any investment is going to benefit you if you hold for a long time, even things like stocks and bonds will benefit you by holding long time, real estate is the same and the same can be said about gold, so bitcoin is not an exception to this but I think it is way better to also look for signs that you should sell that way you avoid making the mistake of holding for too long.

aqrulesms

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Quote from: yellow1 on July 04, 2017, 10:04:38 AM

I agree, because benefits of saving a bitcoin in a long time is earn profit and wait for the price become high. To save bitcoin is also benefits because savings is an investment. There are many benefits for a long time like the value and it increasing. Saving for a long time is an investment. Bitcoin is for the future and its a good idea that keep a bitcoin in a long time, because if the price is increase we have the opportunity to earn profit and the advantages that we get and have a future and we surely that we earn more profit.

Saving them too long also can be risky as no one knows what will be the price of bitcoins in future and if price crashes then your saving so long can go in vain so its good to sell them off when you are making good profits from it and save some of them for the future hoping to sell them at more higher price.

BingoDog

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The longer the period you keep your bitcoins, the bigger profit, so it should be in practice. But it's not always so and depends also how long is that period. I think too long period is not good, it's better to set some goal within a year or two and try to achieve that otherwise you might get completely lost in calculation and maybe end with loss, not profit.

yellow1

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I agree, because benefits of saving a bitcoin in a long time is earn profit and wait for the price become high. To save bitcoin is also benefits because savings is an investment. There are many benefits for a long time like the value and it increasing. Saving for a long time is an investment. Bitcoin is for the future and its a good idea that keep a bitcoin in a long time, because if the price is increase we have the opportunity to earn profit and the advantages that we get and have a future and we surely that we earn more profit.

zekeshawn

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Quote from: buenav on June 13, 2017, 04:10:11 PM

Quote from: bitcoin31 on June 13, 2017, 04:04:37 PM

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

I agree! The longer you hold your bitcoin the bigger money you get that is why people are hording bitcoin because they know that they will earn lots of money if they hold it for long time.

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Quote from: hinatashoyou on June 13, 2017, 11:54:06 PM

If we follow the bitcoin price trend from a few years ago there will be a significant increase in bitcoin prices, if this trend continues then surely with us storing bitcoin in a few years we will get a big advantage and benefit of course

Yeah and simply put, the benefit of storing btc is profit. Whichever way you look at it, unless something happens globally like ww3, bitcoin is on its way to the top. With prices now steadying at a high rate, keeping bitcoins will be one of the best investments you can have for the next few years.

hinatashoyou

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If we follow the bitcoin price trend from a few years ago there will be a significant increase in bitcoin prices, if this trend continues then surely with us storing bitcoin in a few years we will get a big advantage and benefit of course

djgtr

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Quote from: buenav on June 13, 2017, 04:10:11 PM

Quote from: bitcoin31 on June 13, 2017, 04:04:37 PM

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

You will not loss money if you don't use it for non sense purposes, but in holding your bitcoin for a long term investments it has been proven by history and even decades of years it's been promising already. Many of us here in this thread always makes speculations, but in reality they've been having good benefits by bitcoin; I don't know what's their personal reason why they were so selfesh with their own idea of saying negativities about saying bitcoin is gonna crash. It's their fate and we cannot stop them to give their own thoughts, all we need to know here is the good benefits that bitcoin has and ot can provide us through long term investment; price will increase from time to time and it's a good trading as well.

buenav

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Quote from: bitcoin31 on June 13, 2017, 04:04:37 PM

Saving bitcoin to your wallet for few years you can make a lot of profit for sure.

But it depends if the bitcoin pump or dump. Your lucky if after few years the price will increase more but what if they not increase wasting time.

History has shown that holding long term NEVER loses you money and there are lots of reasons why this trend will continue for at least the next decades.

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