bitcoin benefit of saving for a long time? - page 120.

Zooplus

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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.

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.

panganib999

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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

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.

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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.

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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.

Silberman

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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 as 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.

bitcoinisbest

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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.

sobsitesearch

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Quote from: sevendust777 on April 11, 2017, 02:06:48 AM

Bitcoin saves for a long time for those who did will surely earn big in bitcoin. But me I regret saving when bitcoin lower price before, maybe if I did I guess I have already much bitcoin in my wallet now. Yet, its not too late still I can here well.

correct before i am not believed that bitcoin value will increase like this current price that is why i only put small amount here and my earning is not too big for my investment. correct also that there is no late investment in bitcoin as of now i am faithful in bitcoin and i believed that i can earn much bitcoin for more years to come.

sevendust777

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Bitcoin saves for a long time for those who did will surely earn big in bitcoin. But me I regret saving when bitcoin lower price before, maybe if I did I guess I have already much bitcoin in my wallet now. Yet, its not too late still I can here well.

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Quote from: socks435 on April 10, 2017, 05:51:18 PM

Quote from: meliodas on April 10, 2017, 05:47:28 PM

I think you already know the answer for this question,
Since bitcoin started the price keeps on getting higher and higher it may go down sometime but it will definitely stand up again,
I just hope that it will stay strong and be with us for a very long time.

I think this is not the only reason of benefits of saving bitcoin for a long time and i think the other are just saving it as collection or they are waiting for a service or product online that accept bitcoin as payment in the future..
And now most of the bitcoin users are holding just to get the benefits of price increase .. like traders..

But the correct answer if most of the people are using it to be his investment, We could believe if the price of bitcoin will always increase in the future. and looks like it does not make a sense because if they're waiting for the online product and why they're not trying to use the exchange and convert his money to the fiat balance and start to buy anything they want.

yellow1

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I think they waiting for the highest exchange value so that they get great profit. It better to save because of other purposes things and for we need for our future. When the saving is good it is time to invest more trading. It is good to save a bitcoin because it will grow as the days you get.

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Quote from: xvids on April 10, 2017, 06:18:51 PM

I would also do it if only I don't need to convert my bitcoin into cash to buy the stuffs that I need,
But since I really need the money I couldn't really save it for a long time .

i think you can try to not use all of btc to convert into cash but you can use half of all amount so you can have other btc amount in your wallet and you can save it for a long time. i hope that you don't have to buy the stuff that is not important for you so you can keep more btc in the wallet. beside that, if you have more btc, then you can use it for doing trading and this will makes your btc is grow.

deppil

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Quote from: ocid on April 10, 2017, 07:36:19 AM

they keep bitcoin in a long time where it is a way to invest them as they save but with digital currency, their advantage is that they trade it on the high score very helpful nyang

of course they will make a profit, because the store bitcoin will be included in the investment, especially if they keep it in the long run, of course the price will be higher and more profitable

batang_bitcoin

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Quote from: kikeda on April 10, 2017, 06:13:40 AM

Quote from: batang_bitcoin on April 10, 2017, 04:46:03 AM

It's not a problem if you are satisfied to spend them. Because that's the reason why we are saving, to spend them in the right time as we please. And if you think that you've gain a lot of it already there's nothing to regret to spend some of them. But you should keep on saving some of them for a longer run for your assurance.

Yes if you have already made some profits then there is nothing wrong in spending some of them by selling and getting converted to fiat but make sure that you don't spend all at once and its better to have some for the future so that you can spend them again when price will be even higher.

Yes, it's not bad if you are going to spend them, it's going to be your reward but it's better if you aren't going to spend them all. Because there are some people that has a very good timing upon selling at higher price, after a couple of days the price starts to fall then they can buy now at lower price which is also good.

btcjoin14

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Quote from: xvids on April 10, 2017, 06:18:51 PM

I would also do it if only I don't need to convert my bitcoin into cash to buy the stuffs that I need,
But since I really need the money I couldn't really save it for a long time .

Working a regular job allows you to get more Bitcoin and you can also make more fiat while paying your bills as well. I guess that most people on this forum like to just sit around on their computer waiting for money to jump inside their pockets. Well, I am here to tell you that those things usually don't happen often so I would suggest that you get to work soon before the price of Bitcoin goes up in value.

xvids

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I would also do it if only I don't need to convert my bitcoin into cash to buy the stuffs that I need,
But since I really need the money I couldn't really save it for a long time .

socks435

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Quote from: meliodas on April 10, 2017, 05:47:28 PM

I think you already know the answer for this question,
Since bitcoin started the price keeps on getting higher and higher it may go down sometime but it will definitely stand up again,
I just hope that it will stay strong and be with us for a very long time.

I think this is not the only reason of benefits of saving bitcoin for a long time and i think the other are just saving it as collection or they are waiting for a service or product online that accept bitcoin as payment in the future..
And now most of the bitcoin users are holding just to get the benefits of price increase .. like traders..

meliodas

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I think you already know the answer for this question,
Since bitcoin started the price keeps on getting higher and higher it may go down sometime but it will definitely stand up again,
I just hope that it will stay strong and be with us for a very long time.

Rinder

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Well with the split bitcoin will loose some value, and the community will split their investment as well, but i still believing that bitcoin still the best way to save for a long period, with an amazing results on the short medium time. Atleast on the last 2 years bitcoin has already showed a bit of its potencial, even with the split coming into it, bitcoin will reach another halving at 2020.

Pettuh4

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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 answer is obvious, we are all expecting the Bitcoin prices to shoot up so we will take advantage and use or sell for profits. It is generally stored in the wallet for a long time as an investment hoping for a future yield.

Bitcotalk

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Quote from: phaddie on April 10, 2017, 07:53:31 AM

As we believe in saving money so that we can use it at the time of emergencies same goes with saving bitcoins only difference is the value of bitcoin will keep increasing over a period of time which is not possible with fiat so its always good to save bitcoins for future.

No I think the saving of bitcoin is not for the same purpose as the saving of fiat because we save fiat in order to use them in the future for an aim while we save bitcoin because we know that it is a type of investment and in the future the price of bitcoin will increase and we will earn money with them.

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