Topic: bitcoin benefit of saving for a long time? - page 135. (Read 82307 times)
Have you seen the current exchange rate? Yes? That's it. Had you just bought bitcoins several years ago and kept it, the value would have already increased multiple folds. People believe it have value and so they store it, meaning less of it in circulation and so it further increase the price, benefiting everyone that already have coins. It's mostly safe to just leave your coins in storage now because of the current ceiling price. Of course there's still the possibility of it dropping down to like 600-800 USD but that wouldn't really be a problem if you just bought bitcoins using money you can afford to lose in the first place. IMHO such drop in value could even be seen as an opportunity.
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Benefit of saving btc is a good idea. but just follow this thing if you feel you are getting the best reward comparatively to what you invested then it is best to sell it. whats the point of holding if you are on profit. you don't know when the price will fall.
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Benefit of saving btc is a good idea. but just follow this thing if you feel you are getting the best reward comparatively to what you invested then it is best to sell it. whats the point of holding if you are on profit. you don't know when the price will fall.
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
Well for a start bitcoin has risen in price so much now that everyone who has ever bought and held is in the profit. Also it is actually the hoarders of bitcoin that give it it's value, if everyone wanted get rid of their bitcoin for other things, it would have no value. If you decide to store your bitcoin long term makes sure you do it securely in a hardware wallet or a paperwallet backed up in many places.
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 idea of storing bitcoins for a long time is not only a choice of knowing when to spend or hold it
but this process virtually removes your money(btc) out of circulation there by straining supply to stimulate demand and force price increments, rewarding the hodler with good value coins
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
Price appreciation and the comfort of having the same amount of Bitcoins in the long run.
Some would be scared that they are not smarter than the market and would lose coins, others see it as a long term mechanism to accumulate wealth they can afford to leave alone.
Aka spend cash instead either way the reward is large enough for them to do it based on the price but at some point they will take the coins out and make actualized profit on their investment.
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Benefit of saving btc is a good idea. but just follow this thing if you feel you are getting the best reward comparatively to what you invested then it is best to sell it. whats the point of holding if you are on profit. you don't know when the price will fall.
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Agree, but selling some of the wallet will not be a problem. because we know the price is already high and what if the price falls. you have to take the chance and try to get the benefit from the btc you have. so my only suggestion is save half of the btc and half or lesser btc you can sell which will give you profit. again it is my opinion it is up to you how you take it. My projection and yours will not be the same and most importantly either your way of thinking will be right or mine will.
Very rightly said and its an individual's call to how to deal with an situation and I think if you have bought bitcoins at lower price in the past then there is nothing wrong in selling some of them when you see higher price as that is the only way to make profits and there is no point in simply holding them by missing an opportunity of making profits as you will always have an chance of buying them back when price drops sometimes in future.
When one is focused on the benefit of keeping long term that 'by the this time next year or 2 years from now, bitcoin would be $5000' should also not be unmindful of the risk involved that the same $1200+ today might turn out to be $700 in a year from now. Until when that is settled by the investor, then all the I say anybody can save as long as he/she wants so far he is ready to take the outcome that might come as a result of that decision whether positive or negative...
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
well if they are keeping lots of their bitcoin for a long time it is really obvious that most of them just want to get a profit from it as we all know that the price of bitcoin is changing, there could be many reasons why they are doing it and many benefits that they want to get but mostly getting profit is main purpose of holding their coins .
Holding bitcoins can give you best profits in future when price goes higher but you can make huge profits from only holding only if you have higher amount of bitcoins in your wallet but if you are hoping that will small amount then it won't give you extra ordinary results so in that case it would be good to use them in trading and try to grow them slowly and steadily as higher amount of coins will give you higher profits.
I agree, with a small amount of Bitcoin holding it even for a long time will not elevate or standard of living. For example, 4 BTC won't make us a million dollar richer if multiply 10 folds. The best way to make it have more impact in our lives is to grow it either through Bitcoin investment or tradings.
bitcoin always work with people thought about something impossible , just hold it on and let's see.
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Agree, but selling some of the wallet will not be a problem. because we know the price is already high and what if the price falls. you have to take the chance and try to get the benefit from the btc you have. so my only suggestion is save half of the btc and half or lesser btc you can sell which will give you profit. again it is my opinion it is up to you how you take it. My projection and yours will not be the same and most importantly either your way of thinking will be right or mine will.
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
well if they are keeping lots of their bitcoin for a long time it is really obvious that most of them just want to get a profit from it as we all know that the price of bitcoin is changing, there could be many reasons why they are doing it and many benefits that they want to get but mostly getting profit is main purpose of holding their coins .
Holding bitcoins can give you best profits in future when price goes higher but you can make huge profits from only holding only if you have higher amount of bitcoins in your wallet but if you are hoping that will small amount then it won't give you extra ordinary results so in that case it would be good to use them in trading and try to grow them slowly and steadily as higher amount of coins will give you higher profits.
I agree, with a small amount of Bitcoin holding it even for a long time will not elevate or standard of living. For example, 4 BTC won't make us a million dollar richer if multiply 10 folds. The best way to make it have more impact in our lives is to grow it either through Bitcoin investment or tradings.
I will classify these people into two main categories,
1. Investors - They have purchased or acquired bitcoins with a hope that price will increase in future and they will sell it at a higher price.
2. Dormant Users - They have purchased or acquired bitcoins for the purpose or without any purpose and they don't have much (or any) option to spend their bitcoins so their funds are lying in their wallet.
1. Investors - They have purchased or acquired bitcoins with a hope that price will increase in future and they will sell it at a higher price.
2. Dormant Users - They have purchased or acquired bitcoins for the purpose or without any purpose and they don't have much (or any) option to spend their bitcoins so their funds are lying in their 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
well if they are keeping lots of their bitcoin for a long time it is really obvious that most of them just want to get a profit from it as we all know that the price of bitcoin is changing, there could be many reasons why they are doing it and many benefits that they want to get but mostly getting profit is main purpose of holding their coins .
Holding bitcoins can give you best profits in future when price goes higher but you can make huge profits from only holding only if you have higher amount of bitcoins in your wallet but if you are hoping that will small amount then it won't give you extra ordinary results so in that case it would be good to use them in trading and try to grow them slowly and steadily as higher amount of coins will give you higher profits.
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
well if they are keeping lots of their bitcoin for a long time it is really obvious that most of them just want to get a profit from it as we all know that the price of bitcoin is changing, there could be many reasons why they are doing it and many benefits that they want to get but mostly getting profit is main purpose of holding their coins .
Its an easy answer. It is the hope that bitcoin will rise more at the future.
Though some have another reason. I use my bitcoin wallet for prepaid loading purposes. Thanks to the 10 percent rebate I can profit more while waiting for bitcoin to go up.
Also my emergency money whenever I dont have cash left in my wallet. All I need is my phone which is always with me and an internet.
Actually only saving bitcoins give the price rise benefit but actually trading bitcoins and not selling them for fiat is not what i would call as holding but doing that way you earn the maximum profits. Though some have another reason. I use my bitcoin wallet for prepaid loading purposes. Thanks to the 10 percent rebate I can profit more while waiting for bitcoin to go up.
Also my emergency money whenever I dont have cash left in my wallet. All I need is my phone which is always with me and an internet.
If you look at the charts of bitcoins price then you will notice that the average price has just gone up and up only, this tells the story.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Saving your bitcoin for a long time it can be earn profit but for me save your bitcoin when the price or demand not needed for example when bitcoin decrease its price into bottom then you can save your bitcoin for long it can be up or earn as much as $1000 if bitcoin price will be back into crisis but when you are in a rush and needing a good profit trading is the solution. Come share your thoughts
Isn't it just so that they could hold onto their money? Or am i wrong?
There is many places that someone could hold or even hide their money and a Bitcoin wallet would be one of the options that someone could select to do so. There's also things like Banks and safes yet those aren't as secure as most people think and sometimes a simple Bitcoin wallet will suffice so that is why I think that is why people save their money inside a Bitcoin Wallet. Plus the price of Bitcoin goes up and they make a few bucks doing so.
There is many places that someone could hold or even hide their money and a Bitcoin wallet would be one of the options that someone could select to do so. There's also things like Banks and safes yet those aren't as secure as most people think and sometimes a simple Bitcoin wallet will suffice so that is why I think that is why people save their money inside a Bitcoin Wallet. Plus the price of Bitcoin goes up and they make a few bucks doing so.
Yes, you are right bitcoin wallet - it's a good place to store your bitcoin. But it's best to keep your savings in a few bitcoins of purses. This will reduce the risk of loss if the wallet is hacked
If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
I can almooost promise they do not do it for fun. For believing and for profits is my point of view. Look at the trend, we can easily reach 2000$.
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