bitcoin benefit of saving for a long time? - page 119.

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Quote from: dEjAvU97 on April 13, 2017, 06:33:49 AM

It looks like this is quite promising when we save a bitcoin for long periods of time, a year ago the price is only around $300 and has now reached $1200, if we buy and sell a year then the price will menapai $2500 or more.

This is how bitcoin really good for saving in long term or run, many people experienced that, because they bought coins in early time and hold it for long and now they are gaining profits, maybe its risky because there were time of coin value crashed down yet they continue on believing that it will rises up again so they got what they really want a big profit.

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Quote from: panganib999 on April 11, 2017, 10:51:59 PM

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

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.

Yes agree, the longer we keep bitcoin then we will get more profit. Many people worried when the price down so that they sell everything, the fact the price will go up again within a short period. Don't panic when the price down because only temporary.

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Quote from: panganib999 on April 11, 2017, 10:51:59 PM

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

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.

By saving your bitcoin you don’t multiply the amount of bitcoin you have, what you are doing is augmenting the amount of fiat you have if you decide to sell and obviously if you sell and then wait for the price to get lower then you can get more bitcoin that way but that is trading not saving.

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Quote from: camelson on April 12, 2017, 12:05:50 PM

Quote from: Kasabus on April 11, 2017, 10:26:26 PM

Quote from: jualidbitmixer on April 11, 2017, 09:30:06 PM

Quote from: Silberman on April 11, 2017, 09:15:45 PM

Quote from: Theb on April 07, 2017, 10:21:08 PM

Quote from: SamsungBitcoin on April 07, 2017, 10:09:55 PM

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

I have to disagree with you with this one as Holding Bitcoin in a long term position is not appropriate or Bitcoin is not really for Long Term Investments. Remember when Bitcoin drop at 500$ per coin last 2016 it was the worst moment for Investors if they listened to your advice to keep holding Bitcoin. For me you have to take advantage of the price drops and increase at the same time, Holding Bitcoin will certainly avoid those advantages. Bitcoin is more fitted in the short term position.

But that depends on what someone understands form long term, bitcoin is a currency that moves so fast that I think long term in bitcoin could be for someone to hold for their entire lifetimes but for some long term is at most one year.

Back in the 2013/2014 is still good for long term, but i'm not sure for now. As you can see bitcoin is on top price right now and if you want saving for long time, it's better not for 1 year and more. Under 1 year is still profitable in my opinion. Because bitcoin price can easily increase/decrease nowdays. It would be very risky.

Well, don't think the journey will end already, we just have broke the ATH this year so I believe there will be more to come.
I really believe bitcoin for long term investment, also the same with some good altcoins nowadays, they will give us good return for sure.

Saving bitcoin for longer period of time is risky as you never know when the prices goes up or down and as far as investment is concerned you have to choose a profitable business or campaign but for long term investment i don't think it's a wise option

Selling all your bitcoins is as risky

Selling all might mean that you will miss future profits that Bitcoin may bring (unless you are going to get done with Bitcoin altogether and call it a day). So either selling all or buying all (I mean with all your available capital) are both risky extremes that we should certainly avoid. The common sense tells us that we should neither sell all nor buy all, at least, not all at once. Indeed, this might eat away at the potential profits (if you didn't go all in and price rose), but, on the other hand, you won't suffer massive losses if prices actually decline instead of rising

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Quote from: lOvE mE forEvEr on April 13, 2017, 08:58:00 AM

As long as there has been no official country use bitcoin then I dare to keep a long time, this is because the price could drop by up to 30% in 3 days only and it is often the case, I'll sell when I think already get the profit.

What does it mean "official country"?
Do you see most of the powerful and established countries like China, America, Canada and many more countries are use it in official level and also they are easily using it in open market. So it is depend on us, if we want to save our bitcoins for a long time or short time. If you want profit hurry than should sell it. But i prefer to use bitcoin in a both ways, like now i have save for a long time, and also use it for a short time.

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As long as there has been no official country use bitcoin then I dare to keep a long time, this is because the price could drop by up to 30% in 3 days only and it is often the case, I'll sell when I think already get the profit.

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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

By holding your bitcoin become more valuable, and without doing nothing you could be rich!We know that bitcoin price is always change into higher price, people can sell their bitcoin for big profit and this is why they do this.

dEjAvU97

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It looks like this is quite promising when we save a bitcoin for long periods of time, a year ago the price is only around $300 and has now reached $1200, if we buy and sell a year then the price will menapai $2500 or more.

lighpulsar07

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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

The only reason people store bitcoins is they using bitcoin as an investment as you can see bitcoin price is rising over time so their money is also rising over time if you buy bitcoins way back 2011 and still holding it today, your bitcoins worth is 1000x.
So, If satoshi cashes out his bitcoins he would be one of the richest person in the world.

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Quote from: l8genius on April 12, 2017, 04:55:35 PM

Quote from: bettercrypto on April 12, 2017, 04:37:56 PM

Quote from: bitcoinisbest on April 11, 2017, 02:19:33 AM

Whether Bitcoin will benefit it in long run or not has various factors to depend on like -

- Country policy towards bitcoin
- What rate you purchased bitcoin. Was it at early stage like 300 - 400$ or above 1000$
- If China decides to ban bitcoin in coming time price will fell like a ball falls from top since they hold majority.

It seems countries are getting friendly with bitcoin this time. So I guess Bitcoin will increase in price. And even at $1000 a piece purchase, Bitcoin price incease is inevitable. China's ban on Bitcoin if ever will only result in a temporary dip in price, there are more country that are going friendly with Bitcoin so definitely this will cover the losses created by China's ban.

I believe that the price right now (1217 at the time of this post) is going to be considered a low point for bitcoin in a few years. as more countries and people adopt the use of bitcoins and cryptos, the price will shoot for the moon

Yeah and there is a chance that in future we will never see this price again and at that time we would be regretting for not buying bitcoins at this price so if you can hold it for really long term then this is the best time to buy bitcoins.

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Quote from: bettercrypto on April 12, 2017, 04:37:56 PM

Quote from: bitcoinisbest on April 11, 2017, 02:19:33 AM

Whether Bitcoin will benefit it in long run or not has various factors to depend on like -

- Country policy towards bitcoin
- What rate you purchased bitcoin. Was it at early stage like 300 - 400$ or above 1000$
- If China decides to ban bitcoin in coming time price will fell like a ball falls from top since they hold majority.

It seems countries are getting friendly with bitcoin this time. So I guess Bitcoin will increase in price. And even at $1000 a piece purchase, Bitcoin price incease is inevitable. China's ban on Bitcoin if ever will only result in a temporary dip in price, there are more country that are going friendly with Bitcoin so definitely this will cover the losses created by China's ban.

I believe that the price right now (1217 at the time of this post) is going to be considered a low point for bitcoin in a few years. as more countries and people adopt the use of bitcoins and cryptos, the price will shoot for the moon

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Quote from: bitcoinisbest on April 11, 2017, 02:19:33 AM

Whether Bitcoin will benefit it in long run or not has various factors to depend on like -

- Country policy towards bitcoin
- What rate you purchased bitcoin. Was it at early stage like 300 - 400$ or above 1000$
- If China decides to ban bitcoin in coming time price will fell like a ball falls from top since they hold majority.

It seems countries are getting friendly with bitcoin this time. So I guess Bitcoin will increase in price. And even at $1000 a piece purchase, Bitcoin price incease is inevitable. China's ban on Bitcoin if ever will only result in a temporary dip in price, there are more country that are going friendly with Bitcoin so definitely this will cover the losses created by China's ban.

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Quote from: CoinThinker on April 12, 2017, 06:10:39 AM

Quote from: romero121 on April 12, 2017, 01:45:27 AM

Quote from: Zooplus on April 12, 2017, 01:41:30 AM

Quote from: panganib999 on April 11, 2017, 10:51:59 PM

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

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.

For savers in the long term, we all hope the price of bitcoin will continue to rise so we will all benefit for our investment.
It is predicted it will increase overtime so we have to be very optimistic with that.

As stated from the day the first coin generated the price have reached high along with increasing adoption and acceptance compared to most other digital currencies. Saving is always profitable and when it comes to bitcoin it makes our savings grow. Even now experts have stated that price will increase more and more.

That's right its good to save bitcoins for the future instead of spending them now as price is getting higher and we can expect the same in future too so make sure that you have saved good number of bitcoins so that you can sell them when price goes higher in order to make higher profits.

i am also in favour of saving bitcoin for a long time. if a person have good patient and can wait for a long time then long term investment is too much good as compare to short term investment as in long term investment there is more risk of losing money.

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Quote from: hankyulpark on April 12, 2017, 01:53:07 PM

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

They are all waiting for further valorization, wich will increase the capital invested. Most BTC owners think that way. This scenario will happen when BTC demand become higher, due to a future killer app (wich will make it easier to use) or some country accepting is as a payment method or as a valid currency.

The current rise in price clearly suggests that the demand of bitcoins is increasing as more new investors and businesses are getting into bitcoins and once the adoption level will reach to the top we will be seeing much higher price of bitcoins so till that time comes keep on saving your bitcoins.

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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

They are all waiting for further valorization, wich will increase the capital invested. Most BTC owners think that way. This scenario will happen when BTC demand become higher, due to a future killer app (wich will make it easier to use) or some country accepting is as a payment method or as a valid currency.

g83

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Quote from: camelson on April 12, 2017, 12:05:50 PM

Quote from: Kasabus on April 11, 2017, 10:26:26 PM

Quote from: jualidbitmixer on April 11, 2017, 09:30:06 PM

Quote from: Silberman on April 11, 2017, 09:15:45 PM

Quote from: Theb on April 07, 2017, 10:21:08 PM

Quote from: SamsungBitcoin on April 07, 2017, 10:09:55 PM

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

I have to disagree with you with this one as Holding Bitcoin in a long term position is not appropriate or Bitcoin is not really for Long Term Investments. Remember when Bitcoin drop at 500$ per coin last 2016 it was the worst moment for Investors if they listened to your advice to keep holding Bitcoin. For me you have to take advantage of the price drops and increase at the same time, Holding Bitcoin will certainly avoid those advantages. Bitcoin is more fitted in the short term position.

But that depends on what someone understands form long term, bitcoin is a currency that moves so fast that I think long term in bitcoin could be for someone to hold for their entire lifetimes but for some long term is at most one year.

Back in the 2013/2014 is still good for long term, but i'm not sure for now. As you can see bitcoin is on top price right now and if you want saving for long time, it's better not for 1 year and more. Under 1 year is still profitable in my opinion. Because bitcoin price can easily increase/decrease nowdays. It would be very risky.

Well, don't think the journey will end already, we just have broke the ATH this year so I believe there will be more to come.
I really believe bitcoin for long term investment, also the same with some good altcoins nowadays, they will give us good return for sure.

Saving bitcoin for longer period of time is risky as you never know when the prices goes up or down and as far as investment is concerned you have to choose a profitable business or campaign but for long term investment i don't think it's a wise option.

Saving is a good habit but at a certain point if you are making best profits then you should sell your coins and grab the profits as you never whether price will continue to go higher or fall back and if it falls back then you will regret for not selling them at the right time.

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Quote from: Kasabus on April 11, 2017, 10:26:26 PM

Quote from: jualidbitmixer on April 11, 2017, 09:30:06 PM

Quote from: Silberman on April 11, 2017, 09:15:45 PM

Quote from: Theb on April 07, 2017, 10:21:08 PM

Quote from: SamsungBitcoin on April 07, 2017, 10:09:55 PM

Holding bitcoin for a long time is good if you start way back 2014 because price of bitcoin that time is already doubled at current price but for now much better to do trading than holding it for a long time, we should take the advantage of the fluctuation of the price

I have to disagree with you with this one as Holding Bitcoin in a long term position is not appropriate or Bitcoin is not really for Long Term Investments. Remember when Bitcoin drop at 500$ per coin last 2016 it was the worst moment for Investors if they listened to your advice to keep holding Bitcoin. For me you have to take advantage of the price drops and increase at the same time, Holding Bitcoin will certainly avoid those advantages. Bitcoin is more fitted in the short term position.

But that depends on what someone understands form long term, bitcoin is a currency that moves so fast that I think long term in bitcoin could be for someone to hold for their entire lifetimes but for some long term is at most one year.

Back in the 2013/2014 is still good for long term, but i'm not sure for now. As you can see bitcoin is on top price right now and if you want saving for long time, it's better not for 1 year and more. Under 1 year is still profitable in my opinion. Because bitcoin price can easily increase/decrease nowdays. It would be very risky.

Well, don't think the journey will end already, we just have broke the ATH this year so I believe there will be more to come.
I really believe bitcoin for long term investment, also the same with some good altcoins nowadays, they will give us good return for sure.

Saving bitcoin for longer period of time is risky as you never know when the prices goes up or down and as far as investment is concerned you have to choose a profitable business or campaign but for long term investment i don't think it's a wise option.

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Quote from: rajasumi3 on April 10, 2017, 02:14:08 PM

Saving bitcoins for the future means saving it for the upcoming and maybe some people have the tendancy to get rich with bitcoins. Well earning bitcoins through signature campaign would not make a person rich well it will help save a little for the future.

Earning through signature campaigns is not going to make you rich but at the same time we need to understand that by keeping your bitcoin instead of spending it right away you can gain a little bit more by just holding than by spending it right away.

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Quote from: romero121 on April 12, 2017, 01:45:27 AM

Quote from: Zooplus on April 12, 2017, 01:41:30 AM

Quote from: panganib999 on April 11, 2017, 10:51:59 PM

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

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.

For savers in the long term, we all hope the price of bitcoin will continue to rise so we will all benefit for our investment.
It is predicted it will increase overtime so we have to be very optimistic with that.

As stated from the day the first coin generated the price have reached high along with increasing adoption and acceptance compared to most other digital currencies. Saving is always profitable and when it comes to bitcoin it makes our savings grow. Even now experts have stated that price will increase more and more.

That's right its good to save bitcoins for the future instead of spending them now as price is getting higher and we can expect the same in future too so make sure that you have saved good number of bitcoins so that you can sell them when price goes higher in order to make higher profits.

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Quote from: Zooplus on April 12, 2017, 01:41:30 AM

Quote from: panganib999 on April 11, 2017, 10:51:59 PM

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

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.

For savers in the long term, we all hope the price of bitcoin will continue to rise so we will all benefit for our investment.
It is predicted it will increase overtime so we have to be very optimistic with that.

As stated from the day the first coin generated the price have reached high along with increasing adoption and acceptance compared to most other digital currencies. Saving is always profitable and when it comes to bitcoin it makes our savings grow. Even now experts have stated that price will increase more and more.

Topic: bitcoin benefit of saving for a long time? - page 119. (Read 82307 times)