bitcoin benefit of saving for a long time? - page 122.

DoublerHunter

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Quote from: Pinkris128 on April 09, 2017, 02:40:25 AM

Quote from: rizkyhiw on April 09, 2017, 01:51:13 AM

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.

the worst moment of bitcoin price is when the price down to $220 in 2015
people have a lot of speculation about how bitcoin will dead and disappear
but after 2 years now , the bitcoin price jump up to 600 times
crazy indeed , it must shows how good invest in bitcoin for long term.

Bitcoin had faced many challenges and it shows how strong it is. With this reason, its investors don't doubt same as before since its market is quite huge currently and there no reason to make it down. However, as it pumps, dumpers don't stop dumping it whicg makes them to make profit. It's important to know how powerful the bitcoin is as for everyone not panice selling everytime volitality occurs since at the end, dumpers will win if people panic selling.

Bitcoin is one of the strongest currency in the world because even there is a threats like the hardfork, bad rumors and news, Bitcoin still stand out and still getting higher price in the market. Bitcoin is very strong because of its followers and supporters who stay with bitcoin no matter what happen and that makes other people get in touch with bitcoin because they see the great support and stability of the market so they always coming.

Pinkris128

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Quote from: rizkyhiw on April 09, 2017, 01:51:13 AM

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.

the worst moment of bitcoin price is when the price down to $220 in 2015
people have a lot of speculation about how bitcoin will dead and disappear
but after 2 years now , the bitcoin price jump up to 600 times
crazy indeed , it must shows how good invest in bitcoin for long term.

Bitcoin had faced many challenges and it shows how strong it is. With this reason, its investors don't doubt same as before since its market is quite huge currently and there no reason to make it down. However, as it pumps, dumpers don't stop dumping it whicg makes them to make profit. It's important to know how powerful the bitcoin is as for everyone not panice selling everytime volitality occurs since at the end, dumpers will win if people panic selling.

Yanisumin

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Same reason when we store money in the bank, or why do we buy gold. Hoping that the money we earned will someday has a greater value in the future. The benefits is that Bitcoin has the security and less hassle to store.

Some says that it's even par with gold in terms of investment, the disadvantage is that it's just too versatile. We won't know for sure if Bitcoin will be a hundred dollars in the future but I think this is the reason why we still in this community, because we believe that one day Bitcoin will be a reserve just like gold.

The benefit lies in every experience and functions and characteristics of it. The benefits for a long time except for value is the knowledge and skills we learned from here.

rizkyhiw

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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.

the worst moment of bitcoin price is when the price down to $220 in 2015
people have a lot of speculation about how bitcoin will dead and disappear
but after 2 years now , the bitcoin price jump up to 600 times
crazy indeed , it must shows how good invest in bitcoin for long term.

radjie

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BTC will be very beneficial if we keep continue longer but we must always look at what the value is more expensive or decreased, tp I believe bitcoin value the longer it will be more expensive

yellow1

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Yes it is should be save for a long time because it helps a lot to us if we more to sell and savings..,.So it will be gain more profit.It need a lot of time long time to focus and patience and take a risk.It more benefits to us it can may helps our good future and give extra income if one day it will bigger enough and it is time to sell it.

DoublerHunter

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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.

I do long term holding for bitcoin but your statement makes me agree with that. Holding bitcoin for a short term or getting a perfect timing for selling high and buying at a low is a good strategy because it enables you to maximize your earnings while in holding for long term it disables you to get those maximum possible profit. In my opinion, it is best to do both. So you won't regret your decisions.

Theb

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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.

SamsungBitcoin

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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

Silberman

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Quote from: X-ray on April 05, 2017, 10:01:44 PM

Quote from: ~V~ on April 03, 2017, 07:45:44 PM

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

Holding bitcoin in the long term does not necessarily mean holding without selling a part of your coins to take advantage of the price movements, when there is clear evidence that a bubble formed then it is ok to sell an important part of your stash and then when the price goes up you can buy again and obtain even more bitcoin.

ekoice

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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 mostly invested as a long term investment.Short term investment is beneficial only in altcoins in which market is highly volatile.But as you see the bitcoin's price history,there has been a gradual increase in price and today its price is around $1156.Price is predicted to reach $2000 by this year end.Thats why it is called as Digital Gold.

DoublerHunter

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Quote from: Ziskinberg on April 06, 2017, 03:31:07 AM

Quote from: Schuyler on April 05, 2017, 10:39:24 PM

This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

That's very crucial because it's not only good price that you will see when you choose to invest in the long term, you will probably see the pump and dump many times and that will test on how strong are you with your intention. To be successful, you need to have a specific plan, a plan to sell when you need to get your profit and a plan to sell to minimize your loses, at least you are open for the possibilities and you will take all necessary actions regardless of the outcome.

That is right. Specific plan will do the work for you because of specific plan it will help you to have self-discipline and you will not do wrong decisions because of that and it will surely help you to sell to the right time for you and also buy bitcoins.

Ziskinberg

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Quote from: Schuyler on April 05, 2017, 10:39:24 PM

This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

That's very crucial because it's not only good price that you will see when you choose to invest in the long term, you will probably see the pump and dump many times and that will test on how strong are you with your intention. To be successful, you need to have a specific plan, a plan to sell when you need to get your profit and a plan to sell to minimize your loses, at least you are open for the possibilities and you will take all necessary actions regardless of the outcome.

Schuyler

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This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.

stadus

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Quote from: X-ray on April 05, 2017, 10:01:44 PM

Quote from: ~V~ on April 03, 2017, 07:45:44 PM

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

You need to have a long term plan if you go for saving bitcoin for a long time, it's necessary so you would not make a stupid decision when you see people are panicking because of the dump. It's normal to bitcoin that when there is a bad news the FUDDERS will play and if you are not fully educated, you might make an outright decision in selling your bitcoin in a cheap amount.

X-ray

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Quote from: ~V~ on April 03, 2017, 07:45:44 PM

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

Yay, long-term holders of bitcoin except those are buying the bitcoin on the ATH. Bitcoin is full with the volatility, the result of your long-term hold depends on your early start to get on the bitcoin itself. Although those are still keeping his money on the SPV wallet and i can say if they are having total control of their bitcoin.

vasrasus

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Quote from: Silberman on April 05, 2017, 08:27:04 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 a graph showing the growth of bitcoin can show that bitcoin has given only positive results in the long term, like any asset it can lose value in the short term but in the long term it has done nothing but to go up all the time.

because we were waiting for the time that it will be at its possible highest peak,by that time we can cash it out the greater than it is,or used it to invest. The value of bitcoin shows that as time goes it will eventually soon will double or triple in time.

Silberman

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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 a graph showing the growth of bitcoin can show that bitcoin has given only positive results in the long term, like any asset it can lose value in the short term but in the long term it has done nothing but to go up all the time.

andrew24p

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I think its a big gamble , but it might pay off. I love bitcoin and I love the S&P500. Deciding how much goes in each is my problem.

FlightyPouch

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Quote from: ~V~ on April 03, 2017, 07:45:44 PM

Most of the Bitcoin long term holders I've seen so far have not been disappointed by the currency. I think that seeing your holdings going up in value should be something good, but something even better is the possibility of having total control over your own money, without having to depend on third parties.

That is right, there are a lot of long term bitcoin holders who are really making a fortune from it. Having such a fortune and not dissapointing them as a investment, bitcoin is really a progress. Having bitcoin as an asset is really unpredictable because of its volatility making it a big challenge to the investors. I think if I also invest on bitcoin the time I have heard of it, maybe I am one of these guys that made a fortune from bitcoin.

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