It is just another trading platform, only the difference being strong contestant in the market. Bitcoin holds ability to overcome your loss! Take a live example, bitcoin yesterday had BTC = $ 1219 maximum wave when I had $ 18.24 worth of bitcoins in my wallet. Today BTC has fallen to $ 1121 which on my scale is big difference and I have only $15.02 in my current wallet. But still I will not do anything but I will add more bits today because I trust bitcoin so much that it will go up $ 1200 for sure. This will gain me more profit.
Most of the people are doing same, the outcome is PROFIT. And moreover as the more people are investing in bitcoins more it gains value. This leads to equality in shares and we all get more profit out of it.
Saving it long time will benefit more because who knows it might hit $2000 horse race! :-)
Topic: bitcoin benefit of saving for a long time? - page 132. (Read 82307 times)
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
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.
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.
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.
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
the question is so simple that can be summed up in one word:
deflation.
The continous increasing of its price proves that Bitcoin is a good investment, from other side, People are afraid of the price volatilty, but when Bitcoin becomes less volatile, more people will turn their attentions to it, and it will becomes a good store of value.
If bitcoin become stable and scalability issue is fixed,
As long as this problem could be solved, because the longer we wait then bitcoin transactions become more expensive and slower.
Or else, we stuck on this problem until community decide that.
I still believe bitcoin as savings for long term is a best option, but for now bitcoin has lost some of its advantages which lead to the price constantly decrease, well we hope this issue will end asap.
if you going to buy bitcoin now then keep it, you should wait till the price going down for a while , i think bitcoin is no more a benefit of saving anymore .
How can you say that there is no benefit in saving bitcoins, just because the price was high? Nah, I doubt that because even though the price now is very high we could still earn profit by holding or saving it because bitcoin is very volatile to its price and if we talk long term basis then it will be more profitable because long term saving for bitcoin always goes well. 
if you going to buy bitcoin now then keep it, you should wait till the price going down for a while , i think bitcoin is no more a benefit of saving anymore .
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
Many people thinks that the price of bitcoin will go even higher. It's like saving in a bank but there's much higher interest or profit. Because, the time people decided to keep their bitcoin in their wallet, it is also the time that they are willing to take the risk whether bitcoin will inflate or deflate. And also people uses bitcoin as an exchange or payment for transactions. There will be less hassle rather than going to a bank or money transfer to complete the transaction process.
One more point why many people store bitcoin in their wallet is that they have an assurance that bitcoin will soar higher in 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
Come share your thoughts
Many people thinks that the price of bitcoin will go even higher. It's like saving in a bank but there's much higher interest or profit. Because, the time people decided to keep their bitcoin in their wallet, it is also the time that they are willing to take the risk whether bitcoin will inflate or deflate. And also people uses bitcoin as an exchange or payment for transactions. There will be less hassle rather than going to a bank or money transfer to complete the transaction process.
One more point why many people store bitcoin in their wallet is that they have an assurance that bitcoin will soar higher in the future.
Yes I agree for long time, if I bought 1000 btc a year a ago, when it was priced at $220, then I sell with right now price, I will get profit 1000x1000 = 1000,000 dollars. of course I will not have to work and could buy a apartment and a new car.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
When bitcoin came out in 2009 did little to support and invest here. And maybe buy that few are impatient to wait a long time to hide their bitcoin. And others sold them cheap rates. And now more concerned because they do not wait for the day that would be 1,300$ a bitcoin. And to know many still do not sell their holdings bitcoin. To get more profit.Come share your thoughts
People who got panic and sold their coins when price went down would be surely regretting at this stage for not having patience and holding their bitcoins longer if they would have hold their coins then the results would be different for them and would have great profits if they would have sold even at current price so its always good to save certain amount of bitcoins for 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
When bitcoin came out in 2009 did little to support and invest here. And maybe buy that few are impatient to wait a long time to hide their bitcoin. And others sold them cheap rates. And now more concerned because they do not wait for the day that would be 1,300$ a bitcoin. And to know many still do not sell their holdings bitcoin. To get more profit. Come share your thoughts
of course,saving bitcoin will give you benefit you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
you will benefit by reselling your bitcoin at a higher price?
Price is getting higher at a moment and in future it will be much higher and it will depend on individual's need that when he is planning to sell his bitcoins as different people will be having different target price in their minds so once if it reaches there should not be any hesitation in selling them and grabbing the profits as holding too long can also be risky as price can even go down in future.
of course,saving bitcoin will give you benefit you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
you will benefit by reselling your bitcoin at a higher 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
Come share your thoughts
There stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.
Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future
Store the bitcoins for future, it is good but you should take care and look after the bitcoin's price, than in future you get a good profit from your bitcoins. I mean should save bitcoins, but not too long time. Because it is no guarantee that bitcoin live long life, even i believe on bitcoin, but i also afraid of it. That's why i store my bitcoins and also i am look after the bitcoin's price.
Yeah and its always good to sell bitcoins when price is higher and allowing you to make profits instead of holding too long as you never know when price can go down in coming days and you always have an buying opportunity when price drops as bitcoin is full of ups and downs so you need to take advantage of its volatility instead of keeping them simply idle in wallet.
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's very simple because most of the bitcoin millionaires and billionaires / bitlionaires right now did bought thousands of bitcoin and stored it for a longer time. And the demand of bitcoin each year is getting higher and higher which is attracting investors to come. It's a normal thing if you will hold for a longer time because the price chart is uprising since the beginning.
Though I'm not an old bitcoin adopter and bitcoin holder but I know those people know that are just speculating here on forum holds a lot of bitcoin are certainly rich already. I just saw bitcoin good at the price of $500 and I didn't expect that bitcoin is going to go this far that's why that gave me an interest that holding will be beneficial to all of us.
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
There stored it because this is their belief into bitcoin, where someday it can give them a big savings in the near future on which once the price value meet the highest or peak value they can sell their holdings to get their rewards of waiting for That's on this long term basis it needs patience actually.
Yes you are right, keeping bitcoins in your wallet for a long time can bring profit. This is an investment in the future. I also have a few coins that I do not plan to spend in the near future
Store the bitcoins for future, it is good but you should take care and look after the bitcoin's price, than in future you get a good profit from your bitcoins. I mean should save bitcoins, but not too long time. Because it is no guarantee that bitcoin live long life, even i believe on bitcoin, but i also afraid of it. That's why i store my bitcoins and also i am look after the bitcoin's price.
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