bitcoin benefit of saving for a long time? - page 128.

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Quote from: Silberman on March 23, 2017, 08:40:41 PM

Quote from: bravehearth0319 on March 22, 2017, 11:02:55 PM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

This is depend on the belief of the holder of bitcoin, there are some believer think that bitcoin will become 2000$ or more a years from now, including myself. But and simultaneously, I also bought altcoin to make some trade in the exchange platform so that I can easily get profit in bitcoin.

Bitcoin will reach that high price but to be honest I don't think it is going to be as soon as I though as few weeks ago because the uncertainty about what it may happen to bitcoin and the rumors of a fork made great damage to the bitcoin price.

The rumors are not new to the community and yet bitcoin is still very successful now. If you believe on negative rumors you are losing the opportunity to invest, it was just done to lure the weak holders to dump their bitcoins so whales can buy it cheap. Been investing for years and this is the year w
where I can say it's very progressive for bitcoin.

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Quote from: bravehearth0319 on March 22, 2017, 11:02:55 PM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

This is depend on the belief of the holder of bitcoin, there are some believer think that bitcoin will become 2000$ or more a years from now, including myself. But and simultaneously, I also bought altcoin to make some trade in the exchange platform so that I can easily get profit in bitcoin.

Bitcoin will reach that high price but to be honest I don't think it is going to be as soon as I though as few weeks ago because the uncertainty about what it may happen to bitcoin and the rumors of a fork made great damage to the bitcoin price.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

There is an obvious benefit here due to the price dynamics. We can see that mthe price is mostly slowly going down. This means that if you have, say, 1 bitcoin, you may spend around 20$ on something and as the price is growing you won't notice the difference in the price. Moreover, you can slowly earn some btc as well and thus you will be able to spend some money regularly and at the same time have only more and more of money.

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Quote from: BitcoinPC on March 23, 2017, 08:21:00 AM

Quote from: friend666 on March 23, 2017, 01:51:32 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

most of the people store bitcoin as investment, saving bitcoin for a long time is one of the best option, because of a higher probability of maximizing your returns in the future.

Definitely, main reason is that if people store their bitcoins for a long time, because in this way, without any hard working they could earn from bitcoin in future, because of its price will always be increased and we will make profit easily. But it doesn't mean that we store our bitcoins for 10 or 20 years. I think maximum period of store is 5 years better.

Having this kind of mentality is very common among bitcoin users specially to those who do strongly believe on it but the reality on securing big money or huge profits on the future doesnt a guaranteed thing and we do all know there are lots of possible things that would happen on bitcoins career/path and we cant still be assured if it still grows on high peak amounts but seeing its past potential as of now we could really able to say so.

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Quote from: friend666 on March 23, 2017, 01:51:32 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

most of the people store bitcoin as investment, saving bitcoin for a long time is one of the best option, because of a higher probability of maximizing your returns in the future.

Definitely, main reason is that if people store their bitcoins for a long time, because in this way, without any hard working they could earn from bitcoin in future, because of its price will always be increased and we will make profit easily. But it doesn't mean that we store our bitcoins for 10 or 20 years. I think maximum period of store is 5 years better.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

most of the people store bitcoin as investment, saving bitcoin for a long time is one of the best option, because of a higher probability of maximizing your returns in the future.

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Quote from: xvids on March 22, 2017, 11:09:04 AM

Well I really think that if you keep your bitcoin for a long time you could earn a decent profit from it,
I mean look at the price right now and compare it to the last 2-3 years.

At first bitcoin’s price was not that high and even though people were coming in no one back then knew or even imagined the prices that bitcoin has reached today, which lead to many people dropping it out and only came back after a couple of years to find out that they have leftover coins whiuch are worth a lot now, I read about a guy who left 55 BTC and came back 5 years later to find them worth like 55K, the point is saving bitcoin for a long time proves to be worth it.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

This is depend on the belief of the holder of bitcoin, there are some believer think that bitcoin will become 2000$ or more a years from now, including myself. But and simultaneously, I also bought altcoin to make some trade in the exchange platform so that I can easily get profit in bitcoin.

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Quote from: Mr.grin on March 21, 2017, 04:25:30 AM

when you save bitcoin within a few months, may benefit you can get more than $ 100 for each bitcoin you save. but, if not, it could be less than that or even a loss. That investment. but, bitcoin always give positive comments on its users. if you fail to save for a long time, there are many other ways to make it profitable. but, in fact, save bitcoin in a very long time is really advantageous.

Yes, saving it for long run really has its advantage especially when you hold if for at least year/s because you can see the big profit from it, because every year it really grows and has its price hike. And many people proves it here. Bitcoin is the best saving for me.

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Quote from: avikz on March 22, 2017, 07:35:49 AM

I am one of the bitcoin investors who like to store the bitcoin for long time. Looking at the bitcoin price chart since beginning, you can easily make out what benefit we are getting for storing bitcoin, it is pure profit. People like me, have a definite goal in mind which they want to achieve. I too have a goal in mind which I want to achieve within 5 years down the line.

When I started earning bitcoin, the price of one bitcoin was close to $400. So looking at the current price, you can surely understand that how much profit I have already made just by storing bitcoin. I also tried to invest bitcoin in various online websites like p2p lending and savings programs. But 90% of them are scam and I have never received my money back.

That is the reason why I have stopped investing in online websites and started trading with it. This is the only method which has rewarded me suitably. I trade with a minor percentage of my bitcoin which keeps my money rolling and I also earn well from trading. But I don’t invest my bitcoin in any other source just to keep them safe.

Your approach is conservative but even with this approach you have double your money and until a few days ago you have tripled your money so that should show us the power of investing long term in bitcoin, but at the same time it show us that there are not many in the bitcoin world who you can trust with your money.

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Quote from: EdenHazard on March 22, 2017, 06:32:12 PM

Quote from: sulendra12 on March 20, 2017, 08:52:18 AM

Quote from: EdenHazard on March 19, 2017, 06:39:56 PM

saving always be a good option , but you have to take a look to situation around too.

Majority always recommending to save all Bitcoin for more than 3 or 10 years, if you do that there are 2 possibilities :
1. You forget the credentials or even Bitcoin
2. Still use it.
However like you said you have to take a look with the situation on the market and not only holding Bitcoin without any action .

since the age of bitcoin not even ten years old from the invention , i don't think we can estimate for how long time the saving should be made , but as long as you see the bitcoin market promising with its issue about the merchant adoption that could boost the bitcoin price.

i think you can hold and save your bitcoin as long as possible.

Ideally, you should also be playing the market or investing your Bitcoin so that you can grow your owned quantity while also making sure that you aren't really losing anything. Saving it is a good thing, and it is always better to have money than to spend it on things you don't need, but don't become so frugal that you forget about having a bit of fun in life too.

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Quote from: sulendra12 on March 20, 2017, 08:52:18 AM

Quote from: EdenHazard on March 19, 2017, 06:39:56 PM

saving always be a good option , but you have to take a look to situation around too.

Majority always recommending to save all Bitcoin for more than 3 or 10 years, if you do that there are 2 possibilities :
1. You forget the credentials or even Bitcoin
2. Still use it.
However like you said you have to take a look with the situation on the market and not only holding Bitcoin without any action .

since the age of bitcoin not even ten years old from the invention , i don't think we can estimate for how long time the saving should be made , but as long as you see the bitcoin market promising with its issue about the merchant adoption that could boost the bitcoin price.

i think you can hold and save your bitcoin as long as possible.

xvids

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Well I really think that if you keep your bitcoin for a long time you could earn a decent profit from it,
I mean look at the price right now and compare it to the last 2-3 years.

RENATA612

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already pastyi was very beneficial because we buy bitcoin in price lows and we stock for the long term to find the highest price he had hoped, in this case means the price of bitcoin annually will always go up, and if we ber investing for the long term then it certainly would be very beneficial

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Quote from: avikz on March 22, 2017, 07:35:49 AM

I am one of the bitcoin investors who like to store the bitcoin for long time. Looking at the bitcoin price chart since beginning, you can easily make out what benefit we are getting for storing bitcoin, it is pure profit. People like me, have a definite goal in mind which they want to achieve. I too have a goal in mind which I want to achieve within 5 years down the line.

When I started earning bitcoin, the price of one bitcoin was close to $400. So looking at the current price, you can surely understand that how much profit I have already made just by storing bitcoin. I also tried to invest bitcoin in various online websites like p2p lending and savings programs. But 90% of them are scam and I have never received my money back.

That is the reason why I have stopped investing in online websites and started trading with it. This is the only method which has rewarded me suitably. I trade with a minor percentage of my bitcoin which keeps my money rolling and I also earn well from trading. But I don’t invest my bitcoin in any other source just to keep them safe.

This is a classic example on why bitcoin is a good investment in the long term. Storing or holding bitcoin and not panic and keep on buying specially if the market price is too low will lead you to profits in the long run. To be honest, I admire your resiliency and seeing the future of bitcoin and keeping your goal to have to be able to hold much longer your bitcoin. I hope a lot of community member will read this and "copy" your blueprint on what a investor should be. Kudos to you.

avikz

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I am one of the bitcoin investors who like to store the bitcoin for long time. Looking at the bitcoin price chart since beginning, you can easily make out what benefit we are getting for storing bitcoin, it is pure profit. People like me, have a definite goal in mind which they want to achieve. I too have a goal in mind which I want to achieve within 5 years down the line.

When I started earning bitcoin, the price of one bitcoin was close to $400. So looking at the current price, you can surely understand that how much profit I have already made just by storing bitcoin. I also tried to invest bitcoin in various online websites like p2p lending and savings programs. But 90% of them are scam and I have never received my money back.

That is the reason why I have stopped investing in online websites and started trading with it. This is the only method which has rewarded me suitably. I trade with a minor percentage of my bitcoin which keeps my money rolling and I also earn well from trading. But I don’t invest my bitcoin in any other source just to keep them safe.

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Quote from: varyspro on March 21, 2017, 06:26:03 AM

Quote from: Harlot on March 21, 2017, 06:00:28 AM

Quote from: AjithBtc on March 21, 2017, 05:48:03 AM

Quote from: Mr.grin on March 21, 2017, 04:25:30 AM

when you save bitcoin within a few months, may benefit you can get more than $ 100 for each bitcoin you save. but, if not, it could be less than that or even a loss. That investment. but, bitcoin always give positive comments on its users. if you fail to save for a long time, there are many other ways to make it profitable. but, in fact, save bitcoin in a very long time is really advantageous.

As quoted bitcoin most of the time provides the positive response to the users. One thing that the users need is patience, some might get benefited in a short. For some it takes little time depending on the price variation. So it's good that you hold with patience and profit at the right time. Because few used to miss the right time of profiting and feels bad later.

Holding Bitcoin for a long time is really not appropriate for its kind. I mean for its given price action/movement it is really meant to be used for trading. Because when you are holding it for a long time you might miss the right opportunity on where you will sell it. Unlike trading your goal is selling it at its high price on whenever you are comfortable with it.

I do not agree with you. Holding bitcoin for several years can also bring a big profit. For example, those people who bought bitcoin several years ago today multiplied their capital by several times. There is a chance that having bought bitcoin today, in five years we will also be able to increase our capital

This may not be the case

If someone bought bitcoins a few years ago, that may well refer to November-December 2013 when Bitcoin was at ATH back then, i.e. over 1,100 dollars per coin. In that case people could only book small profits now (if they sold at recent highs) which would be marginally positive if we take into account dollar inflation (since Bitcoin is most often priced in US dollars). As you can see, holding tight is not a sure way of earning profits, especially with such a volatile asset as Bitcoin

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Quote from: Mbah Tyo on March 18, 2017, 08:10:01 PM

Quote from: Silberman on March 18, 2017, 07:33:37 PM

Quote from: X-ray on March 17, 2017, 11:34:57 PM

Quote from: whizter on March 17, 2017, 02:58:55 PM

Quote from: CODE200 on March 16, 2017, 10:33:39 PM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

We cannot say when will the bitcoin will raise or fall so it's more better to store your bitcoin for a while. So if the bitcoin raise and when it comes a time that you need a money, you can use the bitcoins that you save to spend all of your expenses.

although it is really very difficult to predict about the price of bitcoin but still i will like to say that there are so many means through which we can find out and can predict about the price of bitcoin.

In this time bitcoin isn't a good place to save our money for the long-term investment. because the market chart is really terrible. Over $100 in a day and i don't think if it will be a good choice for us just keep our money into the bitcoin form. With HF in the future and the price of bitcoin will alwaysdrop.

While this kind of movement may be a lot for some, the truth is bitcoin losing over a hundred dollars in just 24 hours is nothing really new, all of those that got in bitcoin should know that already, bitcoin is not like the dollar that only losses a few cents every day.

you are absolutely right, for today only bitcoin has decreased to $ 200, I think it is now the right time to buy bitcoin to be stored for the long term

Yeah, also if for bitcoin losing 100 dollars is not a big deal then as you may guess gaining 100 dollars in a single day is not unheard of either do for those that like volatility bitcoin is one of their best bets.

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Quote from: varyspro on March 21, 2017, 06:26:03 AM

Quote from: Harlot on March 21, 2017, 06:00:28 AM

Quote from: AjithBtc on March 21, 2017, 05:48:03 AM

Quote from: Mr.grin on March 21, 2017, 04:25:30 AM

when you save bitcoin within a few months, may benefit you can get more than $ 100 for each bitcoin you save. but, if not, it could be less than that or even a loss. That investment. but, bitcoin always give positive comments on its users. if you fail to save for a long time, there are many other ways to make it profitable. but, in fact, save bitcoin in a very long time is really advantageous.

As quoted bitcoin most of the time provides the positive response to the users. One thing that the users need is patience, some might get benefited in a short. For some it takes little time depending on the price variation. So it's good that you hold with patience and profit at the right time. Because few used to miss the right time of profiting and feels bad later.

Holding Bitcoin for a long time is really not appropriate for its kind. I mean for its given price action/movement it is really meant to be used for trading. Because when you are holding it for a long time you might miss the right opportunity on where you will sell it. Unlike trading your goal is selling it at its high price on whenever you are comfortable with it.

I do not agree with you. Holding bitcoin for several years can also bring a big profit. For example, those people who bought bitcoin several years ago today multiplied their capital by several times. There is a chance that having bought bitcoin today, in five years we will also be able to increase our capital

Big profit will only be realize if you have a big investment as well, unless the price will go skyrocket in a rate that we have never seen before. To be realistic we have to put an amount that is good enough to gain a decent income, remember that this is a long term investment and there is no assurance how much your money would grow knowing the price movement of bitcoin.

Also, it's necessary that you have to pay attention on the news and educate yourself from time to time as we never know what the future will bring.

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Quote from: Harlot on March 21, 2017, 06:00:28 AM

Quote from: AjithBtc on March 21, 2017, 05:48:03 AM

Quote from: Mr.grin on March 21, 2017, 04:25:30 AM

when you save bitcoin within a few months, may benefit you can get more than $ 100 for each bitcoin you save. but, if not, it could be less than that or even a loss. That investment. but, bitcoin always give positive comments on its users. if you fail to save for a long time, there are many other ways to make it profitable. but, in fact, save bitcoin in a very long time is really advantageous.

As quoted bitcoin most of the time provides the positive response to the users. One thing that the users need is patience, some might get benefited in a short. For some it takes little time depending on the price variation. So it's good that you hold with patience and profit at the right time. Because few used to miss the right time of profiting and feels bad later.

Holding Bitcoin for a long time is really not appropriate for its kind. I mean for its given price action/movement it is really meant to be used for trading. Because when you are holding it for a long time you might miss the right opportunity on where you will sell it. Unlike trading your goal is selling it at its high price on whenever you are comfortable with it.

I do not agree with you. Holding bitcoin for several years can also bring a big profit. For example, those people who bought bitcoin several years ago today multiplied their capital by several times. There is a chance that having bought bitcoin today, in five years we will also be able to increase our capital

Topic: bitcoin benefit of saving for a long time? - page 128. (Read 82331 times)