bitcoin benefit of saving for a long time? - page 113.

hase0278

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Quote from: phaddie on April 24, 2017, 09:07:09 PM

Quote from: ipungadhi on April 24, 2017, 08:53:26 PM

Quote from: Sled on April 24, 2017, 08:39:13 PM

Quote from: mornabo on April 24, 2017, 08:05:04 PM

Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

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.

Its their decision though to hold bitcoin long term so for me the best thing to do is to sell some bitcoin and rebuy same amount at dump so that even if it really do go in lower direction, its not that big of a problem for me since I have took profit from it anyway and the money im using to buy bitcoin is just pure profit from my previous sells. The only benefit of saving bitcoin for a long time is that if it's price is higher, literally the holder would get a nice amount of profit.

phaddie

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Quote from: ipungadhi on April 24, 2017, 08:53:26 PM

Quote from: Sled on April 24, 2017, 08:39:13 PM

Quote from: mornabo on April 24, 2017, 08:05:04 PM

Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

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.

ipungadhi

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Activity: 272

Merit: 250

Quote from: Sled on April 24, 2017, 08:39:13 PM

Quote from: mornabo on April 24, 2017, 08:05:04 PM

Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

The problem is how long you can hold your bitcoin. Because it will determine the amount of profit you will get. If you want to be patient you can get a high price and a big profit

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: mornabo on April 24, 2017, 08:05:04 PM

Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

Bitcoin is one of the smart places to invest your money or treat it as a savings account. You can buy bitcoin regularly and you will have bitcoins and put it on a cold storage like paper wallets and hardware wallet then you can store bitcoin as much as you can their and you don't have to worry about the hacks or being stolen because those two are safe.

MacT

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Activity: 141

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ZOHEM | DECENTRALISED USER BEHAVIOUR DATA PROTOCOL

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?

mornabo

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Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

I think basically people have to believe in bitcoin to invest and get a profit in bitcoin. Because when they do not believe in bitcoin All they do in bitcoin is panic and fear. So I'm sure investors are choosing to save their bitcoin for the future Has full confidence in bitcoin mate

MB boss

full member

Activity: 169

Merit: 102

Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

You are talking about the guarantee while there is the fact that the price of bitcoin will go rise in the future without any doubt because the amount of bitcoin is limited and the demand of bitcoin is on rise so a situation will occur when the price of bitcoin will be much high that one satoshi will be equal to one dollar.

avikz

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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

Bitcoin is a long term investment which can fetch you a much higher return than any other conventional investment available in the market. I started with bitcoin when the price was at 450 USD and look at the current pricing of bitcoin. You will understand that how much profit I have made just by holding some bitcoins in my wallet.

However, the profit was not realized because I din't sell my bitcoin yet. I am hoping for more. I have a plan to hold my bitcoins for another couple of years and then I will sell it all to make a huge amount of money just by holding bitcoin.

batang_bitcoin

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Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

If you believe bitcoin and has a basing it's growth with the charts, you will be glad to hold it for a longer time. As I'm doing it because of those people that became successful and riches upon holding a lot of it. And if you'll going to have a look at the charts you will find it out that the longer you are going to hold, it's more profitable.

Jrock

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Activity: 363

Merit: 250

Quote from: MioTaiHeo on April 24, 2017, 09:08:25 AM

Quote from: laredo7mm on April 24, 2017, 01:03:28 AM

Quote from: Sled on April 24, 2017, 12:59:25 AM

Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

Yes that is right because we can't predict the future and the only thin g we can do is to sell our bitcoins when the price is enough for us and it meet our expectation already. We don't need to wait and hold for a long time because there is some scenarios that can affect the price and make it very low which is considered a loss for us.

If price goes down then it can bounce back but the only issue is that we don't know how long we need to wait to see higher price and that makes holding very risky so the best thing would be to sell them when you are making some profits instead of holding them too long.

I disagree with you. Now there are a lot of investors who are ready to keep bitcoin for several years. They bought it for less than $ 400. This is a very good move. Now their capital has multiplied by three times. And in a few years can be multiplied by 10 times

How can you be so sure that it will get multiplied by 10 times in future? There is also a possibility that price will go down if there is any bad news related to bitcoins and may not recover again so no one can predict what will happen with the price of bitcoins in future.

MioTaiHeo

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Quote from: laredo7mm on April 24, 2017, 01:03:28 AM

Quote from: Sled on April 24, 2017, 12:59:25 AM

Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

Yes that is right because we can't predict the future and the only thin g we can do is to sell our bitcoins when the price is enough for us and it meet our expectation already. We don't need to wait and hold for a long time because there is some scenarios that can affect the price and make it very low which is considered a loss for us.

If price goes down then it can bounce back but the only issue is that we don't know how long we need to wait to see higher price and that makes holding very risky so the best thing would be to sell them when you are making some profits instead of holding them too long.

I disagree with you. Now there are a lot of investors who are ready to keep bitcoin for several years. They bought it for less than $ 400. This is a very good move. Now their capital has multiplied by three times. And in a few years can be multiplied by 10 times

laredo7mm

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Activity: 1498

Merit: 537

Quote from: Sled on April 24, 2017, 12:59:25 AM

Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

Yes that is right because we can't predict the future and the only thin g we can do is to sell our bitcoins when the price is enough for us and it meet our expectation already. We don't need to wait and hold for a long time because there is some scenarios that can affect the price and make it very low which is considered a loss for us.

If price goes down then it can bounce back but the only issue is that we don't know how long we need to wait to see higher price and that makes holding very risky so the best thing would be to sell them when you are making some profits instead of holding them too long.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: ManOnTheMoon on April 24, 2017, 12:40:30 AM

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

Yes that is right because we can't predict the future and the only thin g we can do is to sell our bitcoins when the price is enough for us and it meet our expectation already. We don't need to wait and hold for a long time because there is some scenarios that can affect the price and make it very low which is considered a loss for us.

ManOnTheMoon

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Activity: 420

Merit: 250

Quote from: batang_bitcoin on April 23, 2017, 11:29:24 PM

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.

batang_bitcoin

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Activity: 3080

Merit: 603

Quote from: rhamzter on April 23, 2017, 11:00:50 PM

Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

rebakela

newbie

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Merit: 0

I think that just keeping bitcoin for a long time now is the wisest act. The price fluctuates very much, so it's better to wait for a significant price increase. If you don't want to take any risky of investing it anywhere then its best to save your bitcoins for future by keeping them safe in your wallet as price is tend to rise in long term but make sure that you manage to hold enough amount of bitcoins as lower amount will not give you higher benefits.

rhamzter

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Activity: 420

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Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

MB boss

full member

Activity: 169

Merit: 102

Quote from: CuriousGeorge on April 23, 2017, 04:46:24 AM

Quote from: Silberman on April 22, 2017, 10:29:23 PM

Quote from: TIDOVEE on April 22, 2017, 04:01:33 PM

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.

seeing from the fact majority of people holding bitcoin only to get profit in future, maybe there's exist some people who really believe bitcoin but i honestly don't really trust that, everyone purpose is to gain money and that's what motivate them to join the crypto world

Yes the majority are in search of money and that is why they are joining bitcoin and that is the nature of any person/human nowadays that he will join that place from where he will get more money no matter it is from USD, bitcoin or any other fiat or altcoin.

Baofeng

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As I have said before, for me saving bitcoin as investment for long term is a good choice for everyone. Why? Because bitcoin gives you that flexibility to save it as store of value. Then if you need money, then you can easily take hold of it, sell, then make the conversion to USD. For me this is the main advantage of having storing it for a long time.

Pettuh4

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Activity: 812

Merit: 251

Quote from: ekoice on April 23, 2017, 10:17:43 AM

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

Investors who were in bitcoin market from its early stage knows very well that bitcoin price would be constantly increasing and short term benefits could not be expected from bitcoins and its a long term investment.So they store their bitcoins in their wallets irrespective of market situations.

Very true, that's why it is advisable for you to hold as long as you can because the price is on an ever increasing rise and missing out would be a real pain in the neck especially if you've held good amount of Bitcoin before.

Topic: bitcoin benefit of saving for a long time? - page 113. (Read 82307 times)