bitcoin benefit of saving for a long time? - page 111.

BluePoppy

newbie

Activity: 57

Merit: 0

Quote from: CROYA86 on March 11, 2017, 06:10:16 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

It's gone up 5x in the past year. That's already enough reason to save long-term.

Theb

hero member

Activity: 1680

Merit: 655

Quote from: Paul Pogba on May 03, 2017, 03:28:18 AM

bitcoin price continues to rise, there is no reason to wait for the price down so that the best way to profit is to buy immediately. bitcoin beneficial for long term investment.

I don't agree with what you have said. Yes right now Bitcoin is achieving all time highs but we also need to exercise our caution because we are entering into a new price territory which means big players selling their position could happen anytime soon. This can be a scary position to buy new Bitcoin because right now we are on a uptrend.

Doms

hero member

Activity: 714

Merit: 500

Quote from: lionheart78 on May 02, 2017, 04:38:53 PM

Quote from: GregH37 on May 02, 2017, 03:01:50 PM

Quote from: inthelongrun on April 26, 2017, 04:53:19 AM

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better. Grin

Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

I agree watching the market is mandatory if we want to play with the fluctuation. But if we are in for a long term, looking at it from time to time is enough. We are not selling our BTC any time soon so it would be a waste of time looking at the market movement every minutes. Aside from that long time holder is not affected by day to day fluctuation.

As the saying goes, good things come to those who wait, and in the case of bitcoin, great profits come to those who patiently hold their coins. Those who prefer to hold their bitcoins for long term are going to be rewarded handsomely. They can always trade a small portion so as not to get “bored” and just play with it and see if it gives additional profit while majority of their holdings is safely stashed in their cold wallets.

Paul Pogba

member

Activity: 1232

Merit: 12

bitcoin price continues to rise, there is no reason to wait for the price down so that the best way to profit is to buy immediately. bitcoin beneficial for long term investment.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: GregH37 on May 02, 2017, 03:01:50 PM

Quote from: inthelongrun on April 26, 2017, 04:53:19 AM

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better. Grin

Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

I agree watching the market is mandatory if we want to play with the fluctuation. But if we are in for a long term, looking at it from time to time is enough. We are not selling our BTC any time soon so it would be a waste of time looking at the market movement every minutes. Aside from that long time holder is not affected by day to day fluctuation.

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: inthelongrun on April 26, 2017, 04:53:19 AM

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better. Grin

Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

J9901

sr. member

Activity: 490

Merit: 250

Quote from: ?? on ??

Quote from: Sled on April 28, 2017, 12:48:00 AM

Quote from: bikbik2 on April 27, 2017, 07:53:25 AM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Bitcoin is very unstable and is not controlled by anyone, so it is more correct to keep it to a certain level. Nobody knows what will happen to him tomorrow.

Yeah i also think that it is a smart idea to just keep our bitcoins for a bit long time rather than spending it and exchanging or converting it into fiat because that is not a good idea because we are avoiding the possible big profits because of the unstable price of bitcoin that are more into high price.

Yeah the price of bitcoins is getting higher and higher and same we can expect from coming months too so selling them now is not a smart move to make and its better to hold them till the end of the year and sell when we see the highest price of the year.

People who will not save their bitcoins for future will surely regret in future when they will see the best price of bitcoins and I don't see any point in spending them at a moment as bitcoins has lot to offer us in future so its better to save them for some more couple of months.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: Sled on April 28, 2017, 12:48:00 AM

Quote from: bikbik2 on April 27, 2017, 07:53:25 AM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Bitcoin is very unstable and is not controlled by anyone, so it is more correct to keep it to a certain level. Nobody knows what will happen to him tomorrow.

Yeah i also think that it is a smart idea to just keep our bitcoins for a bit long time rather than spending it and exchanging or converting it into fiat because that is not a good idea because we are avoiding the possible big profits because of the unstable price of bitcoin that are more into high price.

Yup! , The hold of the bitcoin in the wallet is not a profitable thing for the small times( in the most of the cases) , so here if anyone want to make profit through the hold of the bitcoin in his wallet then he should hold for long time and also he need to take his eye attention at the price flutuation , when the price goes high then sell it for good .
Here I myself hold bitcoin in my wallet from.the two months or more and now I have got profit today of about 5$ , since the bitcoin that I had hold in my wallet was 0.06btc , but the profit is good according to the less time to hold .
So here more better is that to hold bulk amount Instead of small penny of the bitcoin .

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: bikbik2 on April 27, 2017, 07:53:25 AM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Bitcoin is very unstable and is not controlled by anyone, so it is more correct to keep it to a certain level. Nobody knows what will happen to him tomorrow.

Yeah i also think that it is a smart idea to just keep our bitcoins for a bit long time rather than spending it and exchanging or converting it into fiat because that is not a good idea because we are avoiding the possible big profits because of the unstable price of bitcoin that are more into high price.

Rinder

hero member

Activity: 868

Merit: 500

Quote from: tiggytomb on April 26, 2017, 04:38:11 AM

I am thinking about putting a little bit away each month as savings for my son until he hits 18, I am looking at this as a much better way of saving for a child then a junior ISA and the other regular child savings accounts.

One of the benefits I hope will be that in 18 years time his savings will have increased quite a bit giving back a huge % increase than you would get in any other savings account.

Im doing a plan over the bank that will last 25 years, i dont know how if i should remain those investment or make the same risk attempt ass you doing, but i believe i will remain with my both investments, and if im alive in 25 years i will be able to say which one has becamed the best solution, because now im doing both.

bikbik2

full member

Activity: 194

Merit: 100

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Bitcoin is very unstable and is not controlled by anyone, so it is more correct to keep it to a certain level. Nobody knows what will happen to him tomorrow.

bhadz

hero member

Activity: 2520

Merit: 568

Payment Gateway Allows Recurring Payments

Quote from: inthelongrun on April 26, 2017, 04:53:19 AM

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better. Grin

That's the fruit of your patience. And because saving bitcoin for a longer time is going to be profitable if you are going to keep on holding. May I know on how many bitcoins did you bought way back when the price was still $650? if you bought maybe 5 to 10 bitcoins and you are holding it until today, then for sure you are wealthy enough.

HongKong

hero member

Activity: 812

Merit: 500

Holding on to Bitcoin while the price goes up is a very good idea because that would mean that you will have more money for you Bitcoin though the amount of Bitcoin does not change when that happens. A single Bitcoin will remain at a single Bitcoin if there is only that amount inside of a Bitcoin address.
If Bitcoin increases the audience that it has then Bitcoin is likely to have a higher price and that happens more often nowadays.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

Are you sure about that? Have you noticed or read those people that invested in bitcoin while the price is still too low and they just did nothing but hold it for a longer time. And right now we can see the price of bitcoin keeps on fluctuating. If you know the history of pizza bitcoin and you just hold that amount up to now, you are filthy rich already.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: MingLee on April 26, 2017, 06:54:35 PM

Quote from: Blackdeath on April 26, 2017, 06:32:26 PM

Quote from: Bezobraznike on April 26, 2017, 06:27:13 PM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

By your opinion saving bitcoin for long time is risky. Every investment have it`s own risk, when I consider investment I look how fast I can withdraw my fund in case something goes wrong. Bitcoin seems to that have easy way for cashing out, choosing right time is a skill that worth in this trading businesses.

Bitcoin is worth to trade or invest. A certain investment can not be called as investment if it is not for a long time/term since the principle of investment is to grow the value of your money in an investment for time to time. Keep in mind that we imvest not only our money but our time also.

Anything where your money goes into something else that results in one or both growing in value can be considered an investment, the only real difference between long term investments and short-term investments is the length of time between the buy and sell dates.
Investing time is similar. You can invest for a small amount of time yet get bigger returns, or you can spend a lot of time learning something and, as a long-term time investment, make money off of it under the right circumstances. This account is an investment, for example. Not extremely valuable, but it can generate value.

Long term and short term investment or trading is difference by holding your bitcoins and long term holding is more like for people who want really big profits or returns because in my opinion, short term investment is just for those people who are professional in doing day trading because day trading is the only thing to maximize your profit when you are doing short term investment.

MingLee

hero member

Activity: 490

Merit: 520

Quote from: Blackdeath on April 26, 2017, 06:32:26 PM

Quote from: Bezobraznike on April 26, 2017, 06:27:13 PM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

By your opinion saving bitcoin for long time is risky. Every investment have it`s own risk, when I consider investment I look how fast I can withdraw my fund in case something goes wrong. Bitcoin seems to that have easy way for cashing out, choosing right time is a skill that worth in this trading businesses.

Bitcoin is worth to trade or invest. A certain investment can not be called as investment if it is not for a long time/term since the principle of investment is to grow the value of your money in an investment for time to time. Keep in mind that we imvest not only our money but our time also.

Anything where your money goes into something else that results in one or both growing in value can be considered an investment, the only real difference between long term investments and short-term investments is the length of time between the buy and sell dates.
Investing time is similar. You can invest for a small amount of time yet get bigger returns, or you can spend a lot of time learning something and, as a long-term time investment, make money off of it under the right circumstances. This account is an investment, for example. Not extremely valuable, but it can generate value.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: Bezobraznike on April 26, 2017, 06:27:13 PM

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

By your opinion saving bitcoin for long time is risky. Every investment have it`s own risk, when I consider investment I look how fast I can withdraw my fund in case something goes wrong. Bitcoin seems to that have easy way for cashing out, choosing right time is a skill that worth in this trading businesses.

Bitcoin is worth to trade or invest. A certain investment can not be called as investment if it is not for a long time/term since the principle of investment is to grow the value of your money in an investment for time to time. Keep in mind that we imvest not only our money but our time also.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: optigon on April 26, 2017, 06:17:05 PM

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

By your opinion saving bitcoin for long time is risky. Every investment have it`s own risk, when I consider investment I look how fast I can withdraw my fund in case something goes wrong. Bitcoin seems to that have easy way for cashing out, choosing right time is a skill that worth in this trading businesses.

optigon

sr. member

Activity: 340

Merit: 251

I don't see any point in saving it for a really long time as I will sell them on the spot when its allowing me to make good profits from it as never selling coins can be also risky in case if price crashes in coming days so its better to sell them at a right time.

duckydonald

sr. member

Activity: 378

Merit: 250

Pre-sale - March 18

Quote from: Kolder on April 26, 2017, 11:14:29 AM

Quote from: michkima on April 26, 2017, 11:03:41 AM

Quote from: inthelongrun on April 26, 2017, 04:53:19 AM

I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better. Grin

I started buying at $200 two years a go, even got to two bitcoins but in the end lost it all in gambling. Too bad, if I just went on and just saved it, I could have been richer by six times by now.

Saving can really make us rich ,bitcoin value now is more than I expect it could be from the first time I knew it, it is 5x higher than it is now, unfortunately I didn't make bitcoin earning activities seriously by that time.

You don't have to regret for that as you can start earning them now in the best possible ways as still we have not reached to the moon yet but in future there is a full possibility that bitcoin will break all its record so at that time you should be having enough bitcoins in your wallet.

Topic: bitcoin benefit of saving for a long time? - page 111. (Read 82307 times)