Topic: bitcoin benefit of saving for a long time? - page 112. (Read 82331 times)
The only thing i know that benefits us in holding bitcoin for long time is the big profits that we can possible earn in long term holding. There is nothing interested thing about holding aside from profit, we are using bitcoin, we are holding bitcoin, we are buying bitcoins because we want profits and we also want that in holding or saving bitcoin for a long time.
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. 
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.
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.
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.
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.
Well that's good it seems you've doubled your capital already and though it would take more time i think it would ve better to still hold on to your btcs for now. I think the best is still ahrad of us and your btcs may be a lot more valuable in a couple of.months or by the end of this year
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.
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.
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.
Before when i was starting in this BTC community, my colleagues told me to save some BTC and I didn't understand what for. I'm just saving it for no reason because i don't clearly understand what is the purpose of it, and then suddenly i started to understand little by little that i got benefits from saving as well.
You just newbie and have already known the potential of holding the Bitcoin. Holding to your bitcoin for a long time can make profits. However, It's worth saving in the long run, but I'll suggest that besides of holding you should invest them in other safe business.
one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?
Right, that is why planning ahead usually works with those type of situations. Plus having a backup wallet file installed usually works just in case there is a need to change computers or something similar to a situation like that. People been making bootstrap files for wallets as well so there shouldn't be that much threat to Bitcoins Blockchain size. 
Before when i was starting in this BTC community, my colleagues told me to save some BTC and I didn't understand what for. I'm just saving it for no reason because i don't clearly understand what is the purpose of it, and then suddenly i started to understand little by little that i got benefits from saving as well.
Yes that's right. If you're patient enough, profit will come to you with btc. I will say that some % of your saving should be invested in bitcoin which will help you to retire a rich life as price of btc is rising and tends to rise in future as well.
That is what i'm doing right now, the 10% of my salary from my work goes to bitcoin for savings and i love it because i feel comfortable and safe with bitcoin when doing investments because it is not that coin that goes down because in long term it is always going up and that is the best thing for me, so i trust bitcoins in doing saving rather than any investment.
it would be better to accumulate Bitcoin and save it than buy and save without accumulating Bitcoin. It is the accumulation that will make you maximize the benefits of Bitcoin price increase, The best thing about bitcoin is that even if you can't buy it then also you always have an choice of earning it in different ways so try to earn it to maximum possible extent and hold it
Yes that's right. If you're patient enough, profit will come to you with btc. I will say that some % of your saving should be invested in bitcoin which will help you to retire a rich life as price of btc is rising and tends to rise in future as well.
one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?
I think the problem is not on the wallet because you can use any wallet to hold bitcoin and there is no administration fee to store bitcoin for a long time.if there is a weaknesses on it.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
If there many people who save and keeping their bitcoins, it is because they believed keeping it will give them a big profit in the future once bitcoin reach the high price value especially this year most community in this industry they are expecting before end of this year bitcoin will become 3000$.Come share your thoughts
one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?
I think the problem is not on the wallet because you can use any wallet to hold bitcoin and there is no administration fee to store bitcoin for a long time.
If you look at the historical performance of bitcoin, even the last few years, we have seen how clearly it has been able to outperform most other investments out there. If that is not good enough reason to hold bitcoin for a long time, then I don’t know what is. As with any other form of investment, there will be volatility and risks involved but as long as the price keeps its long term growth intact, I will keep a portion of my bitcoin stored.
one problem of holding your bitcoin a longtime in your personal wallet.. is the chain can and will outgrow the storage. how big were most HD's when btc first came out?
Some are holding more than 5 years already and there is no problem with their wallet.You can have it offline and online wallet, but ensure security so you will not lose your wealth..
most people that keep there bit coin for long do it for trading speculations, they take time to observe the pump and dump while saved.
Not all of those that keep bitcoin do it in the hopes it goes up, some do it simply because they believe in the technology of bitcoin, I’m sure there are holders that got their coins on the first days of bitcoin and that are not planning to sell no matter what.Holding for long term doesn't promises you to make higher profits in future as price can even go in lower direction and that will make your holding go in vain so its better to sell them when price goes higher and buy them back when price falls.
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