Topic: bitcoin benefit of saving for a long time? - page 131. (Read 82307 times)
Anything has its purpose, and this is the same. I think Bitcoin storage for a long time could also be a way Bitcoin investment. They store and store a lot of Bitcoin when its price is low, over time, its value increases higher than before, then they will be more profitable. Bitcoin's price is unstable, it still fluctuates daily, maybe today's price is down but tomorrow it will rise. Bitcoin hoarders will sell at high prices, and they will make a profit. In addition, they can storage Bitcoins as more and more capital and serve their desired purposes. I think that is the two benefits of long-term Bitcoin hoarding
For me the beneficial saving for long time is mean investments/increasing money in the future,
we can see bitcoin's price is increasing years by years, it is increasing the money too.
The most important for me because of I am freelancer in bitcoin, saving values and against inflation.
we can see bitcoin's price is increasing years by years, it is increasing the money too.
The most important for me because of I am freelancer in bitcoin, saving values and against inflation.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Come share your thoughts
In my situation i just store it in my wallet as long as i don't need cash. We all see that its value continously increase over the year so if i just store my bitcoin on my wallet, let's say 40$ of btc last year is now worth 50$ worth of btc. And when i convert it to fiat i can't control myself spending it too much.
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 easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years.Come share your thoughts
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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
The easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years.Come share your thoughts
i think its wise to save bitcoin for a long term and only waiting to sell when the price is reach the highest price but i think if we have to use bitcoin for many purpose, then i advice to use some part of bitcoin to fill what we want and the rest we can keep it into our wallet. the value and especially the increasing of the price is the benefit from bitcoin that can help us to make money for a long term so if you want to make a big money, then you need to save your bitcoin in a secure wallet.
If you look at the entire journey of bitcoins then one thing you will notice that the price has kept on increasing over a period of time and that is the reason people prefer to save their coins for long term hoping that price will be even higher in next couple of years and we have witnessed the same thing in last few months as price is not the same as it was 6 months back and we can expect the same thing in next few months or years too.
But at this point of time, keeping your bitcoins is not advisable due to the problems with consensus. The exchanges have stated their opinion on this matter and they have accepted the fact that there will be no consensus that will happen. Thus there is a possible split in bitcoin so bitcoin will now become two, the first is BTC for the core developers and BTU for bitcoin unlimited. Saving bitcoins in the wallet as of now is not a good idea but rather let us sell our bitcoins temporarily and wait for any good news that will bring another rise to the bitcoins price.
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.Come share your thoughts
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.Come share your thoughts
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.Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
When I got a bitcoin in my wallet i will not exchange it for the dollars because in market the trading of bitcoin and dollar are not stable. There's a time that bitcoin become high and become low. If I have a bitcoin I wait a trading that is high to exchange in dollars. Your aiming is to get a lot of money so you need to wait long until the transaction of trading become higher. Come share your thoughts
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 easiest benefit to see is that bitcoin in the long term keeps gaining in value so bitcoin is treated as an investment, but it could also be seen as a retirement fund for those that think bitcoin will be very valuable in the next 30 to 40 years. Come share your thoughts
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.Come share your thoughts
certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up, so yes it looks like it is a good investment for the long term.
Yes, exactly, it is a good investment for long term, many bitcoin holders that can prove that, they hold coins for years and now they got double of it, all we need is to be patience on waiting.
People buy bitcoins in a low prices and stored them in their wallets and wait for the price to increase, when the price of bitcoin reaches high and they think this is the right time to sell their coins so they sell their coins and get profit.
And then they will regret when they do see prices keep increasing after they sell their bitcoins ? We should not forget to consider the real benefits of holding bitcoins for longer haul. Just buying low and selling high, will not get you any big benefits as it will not have any major differences from stock trading.certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up
No, holding bitcoins definitely has same level of risks what you are having everywhere else. But when you are finding bitcoin prices are falling down, all you need to do is just waiting. We can see always bitcoin prices are bouncing back to get you profits. yes it looks like it is a good investment for the long term.
In short term also you can make profits, but in long term not just profits, bitcoin investments will make you millionaire too.
certainly it was something very beneficial, because without risk judging from the price development during the bitcoin is still profitable because every year they bitcoin prices always go up, so yes it looks like it is a good investment for the long term.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Come share your thoughts
It is very important if your here in bitcoin industry you need to do some sort of things or segregate things when you are earnings bitcoin. Then its up to you if the 20% of your earnings will goes to your bitcoin savings, and storage it into yor bitcoin wallet, then another 25% of your earnings goes to trading, if you do trade, another 35% of your earnings goes to your expenses alowances, then 15% its up to you where you gonna use it. This is just an exmaple how to manage or handle your bitcoin profit. At least you have savings you can do for the future.
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 one thing is sure about bitcoin is that with time it's supply going to be reduced, loss of bitcoin for whatever reasons will add to shortage of bitcoin. Come share your thoughts
If the demand keep rising or remain constant like it is at present, then bitcoin price will touch the sky.
In such a scenario, anyone having even a single btc would be a millionaire.
That is the reason people hold bitcoin.
It's because they saw the effectiveness of saving for a longer term from those early adopters and investors.
And it's really attractive to do so, imagine that you just need to be patient and will do nothing but to wait as the price will automatically increase.
That's why many are holding their bitcoins for so long.
And it's really attractive to do so, imagine that you just need to be patient and will do nothing but to wait as the price will automatically increase.
That's why many are holding their bitcoins for so long.
Even if you are not an early adopter of bitcoin and have entered the community recently you can still afford to buy them and hold for coming years as price will be definitely higher in future so if you have plan to hold it for a long term then you can buy them even at the current price and if you already manage to have good amount of coins then its better to use some of them in trading to grow them on short notice.
Yes I know that I can still afford to buy them but it is really big amount for me and right now I manage to be patient and just stay with my trading career.
And when I'm earning with trading, I manage to save my profit on it. Because I know that saving for a longer time will be beneficial to me.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Come share your thoughts
People buy bitcoins in a low prices and stored them in their wallets and wait for the price to increase, when the price of bitcoin reaches high and they think this is the right time to sell their coins so they sell their coins and get profit.
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.Come share your thoughts
In this time to keep your amount is very not recommended act.
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