Topic: bitcoin benefit of saving for a long time? - page 114. (Read 82307 times)

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

Yes people who treat bitcoins as a long term investment will never sell them at this stage as price will be much higher in coming years so they will definitely store them in their wallet and will sell only when it reaches to their desired price level.

I agree with you. I think that bitcoin has not yet reached the peak of its price. Therefore, investors will not yet sell their stocks. I, too, keep the bitcoins in a long time, because I consider it profitable

revans

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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.

Yes people who treat bitcoins as a long term investment will never sell them at this stage as price will be much higher in coming years so they will definitely store them in their wallet and will sell only when it reaches to their desired price level.

ekoice

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Quote from: phaddie on April 23, 2017, 08:54:48 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.

Cherylstar86

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

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

People who don't want to take any risk of investing will prefer to simply hold them by keeping them safe in their wallet but there are many people who will try to multiply their coins in quick time by investing them in trading to make regular profits and that is the best way to treat bitcoins.

That's the very best thing to do if you wanted to avoid risk, and holding bitcoin for a long time will benefit you in a better results. But, if you planned with other investments you immediately use the holdings you had in your wallet for quick trading of altcoins with fast gaining income which you can directly store profit in your wallet, and btc amount will grow together with your holdings for sooner price changes in the market; whether it moves big or small.

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

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

People who don't want to take any risk of investing will prefer to simply hold them by keeping them safe in their wallet but there are many people who will try to multiply their coins in quick time by investing them in trading to make regular profits and that is the best way to treat bitcoins.

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

Theb

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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.

Actually what they meant about holding Bitcoin for a long time is investing in which you really hold your position before you sell it sometimes it takes years before you offload your Bitcoins. In Trading what they really based their trades on is support and resistance levels on prices in which they buy near support and sell near resistance because you can't really observe the pump and dump of a coin because it is actually happening in front of you in which you need to take action.

tartaras

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It is one of the characteristics of BTC that fluctuates its value in no time. most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time, we should consider both scenarios as equally probable and the loss is negligible compared to the possible profit. It would be prudent to invest a small percentage of their savings in bitcoins with the intention of spending them years later

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Quote from: Yatsan on April 20, 2017, 11:35:41 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.

Fireblade

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Quote from: BlockEye on April 20, 2017, 09:53:36 PM

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

Come share your thoughts

Because bitcoin is the best for long time investment or we should say holding it for a long time because bitcoin price is growing every year so by that the bitcoin price is pumping every year so if you hold a bitcoin now you can have a profit in the future. And that's why holding bitcoin for a long time has a big benefit in us.

yes i am also in favour of long term investment. i think in long term investment there are very little chance of losing money. but still there are some kind of people who have also good experience in short term investment and they can really make good money in short term investment. to my i personally like long term investment and most invest my money in bitcoin for long term as i personally have no experience in short term investment.

ModGirl

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Quote from: Silberman on April 20, 2017, 08:31:04 PM

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.

Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.

Keeping bitcoin for a year will give a great chance to acquire more profit it is not the best to enjoy best of bitcoin feature. For me. I can get benefit of using btc by it's feature of anonymous and fast transaction. As well as this is the currency i used to gamble.

Bitcoin is a currency which is full of features and everyone can get benefit from it no matter he is an investor or he is the merchant both of them will earn a profit with convenience and will use it with convenience. The merchant mostly enjoy its convenient way of usage while the investor enjoy the profit from its price rise with time when he hold.

TryNinja

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The potential to be rich in the future.
I can buy bitcoin now if I think the price will triple in some years, etc.

I think this goes for everybody else.

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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.

The_prodigy

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Quote from: Neo_matrix on April 20, 2017, 03:43:34 PM

Quote from: The_prodigy on April 20, 2017, 02:51:19 PM

Quote from: SameHow on April 20, 2017, 04:06:46 AM

Everyone hopes for the fantastic growth of bitcoin. Personally, I do not leave all the coins in my wallet, spend a part on myself and invest a small part in other currencies for confidence in my future.

Everyone should know how to face the risk and will never afraid to lose a bit. Well i do leave and hold my bitcoins from my wallet i don't spend or deposit then from investments i always do trading and gambling sometimes.

Correctly you do. I'm sure bitcoin deserves more than just spending it on gambling. This is an investment in the future. After a few years it will give us much more than now

I have no doubt that those that have spent so much much bitcoin in useless things will regret it in the future since there is no scenario that I picture in my mind in which bitcoin fails, bitcoin is going to become a success as we have not seen before or after.

Theres profit waiting for us in gambling but spending them all in gambling is wrong just discipline our selves not too much in gambling. Invesment in the future is really great I can see that with those articles that I read all over the internet those who holding coins for long and then bitcoin will fails to increase maybe they just broke their profit once bitcoin rise rapidly congrats to them saving is really worth the wait.

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Quote from: X-ray on April 22, 2017, 12:40:34 AM

Quote from: delliaerd on April 21, 2017, 11:27:49 PM

Quote from: Silberman on April 21, 2017, 10:19:54 PM

Quote from: delliaerd on April 21, 2017, 11:27:49 PM

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.

Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.

The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.

The price depends on the market trend, so it's just about the news and rumor. If there will be a good rumor the market actually turn to the bullish trend which a lot of traders are buying in rumor and news. Otherwise, another bad news will come to the market and the market can be turned into the bearish trend for instantly.

Yes, the market is very unstable. Therefore, those who trade in crypto currency need to be very careful.
I believe that bitcoin is beneficial to store for a long time. I have a few coins delayed for this

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Quote from: Silberman on April 21, 2017, 10:19:54 PM

Quote from: Silberman on April 21, 2017, 10:19:54 PM

Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.

Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.

The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.

The price depends on the market trend, so it's just about the news and rumor. If there will be a good rumor the market actually turn to the bullish trend which a lot of traders are buying in rumor and news. Otherwise, another bad news will come to the market and the market can be turned into the bearish trend for instantly.

delliaerd

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Obviously, as the more people before me, they said that is the difference in the exchange rate over the time. But except this, after a while one can have a significant amount due to just not spending his coins. Clearly for many people it's a way to put their savings in a safe heaven, though the crypto currency volatility, but without the fear of the inflationary fiat money.

Yes I agree, to get the maximum benefit we have to be patient for a long time (more than 1 year), based on the price movement from 2013 until now the bitcoin price always rises.

The price does not always goes up but you can take advantage of this too and obtain even more bitcoin by being able to sell when the price is very high and buy when the price is very low that way you can get great profits without too much of an effort and in a relatively fast way

The price of bitcoin is not always increase and No one can be sure that bitcoin prices will always go up because sometimes the price may go down a few percent (whenever) . But base fact that happen during 2014 until 2017 the price increases significantly. As far as i know at 2014 the price around 350 - 400 $ or even less, now the price more than 1200 $. It graph fluctuates for reaching recent price.

Silberman

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