bitcoin benefit of saving for a long time? - page 136.

Wowcoin

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Quote from: ethereumhunter on March 12, 2017, 11:38:52 AM

Quote from: gandame on March 12, 2017, 07:42:30 AM

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

Maybe they hold it for a reason like they want it to invest in long run waiting that bitcoin fulfill the higher level before they sell it. Because we know bitcoin can reach super higher price. If i have many bitcoin also i will keep it until my desire price come.

this is my reason when i want to save bitcoin and i want to sell bitcoin when the price is more higher than know and i have the opportunity to see the price, but i am spend my bitcoin too because with bitcoin, i can buy something in internet so i use the save and buy in the same time and i think i still can save it in my wallet.

Yes we have opportunity to see bitcoin price and how many we get profit on it. Saving for a long time is good but we need to be careful because bitcoin have chance to fall down the price and never goes up again. That is only my opinion hope that not happen.

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Quote from: Supercrypt on March 12, 2017, 07:03:46 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?

One simple and most straightforward reason and benefit is that we would earn the max when the price rises. Price rise is something that we all know would happen after every few months and it does happen, yet we always doubt that and people loose a lot.

If you don't know let me recall you that the price of bitcoins started from 1 cent and now there is a fees of almost 20 cents in each transaction, hope the rest you know !!

It is not the same invest in banks that it takes years before you gain profit with small interest bitcoin is growing fast and almost all people who are using bitcoin are gaining benefits. they are making profit every time the price of bitcoin is increase if you are holding large amount of bitcoin you can gain more profit what you are invest from before until now. there are a large changes from $300 when i was start and until now that we touch at $1300 that i think if you invest more than 10 btc or more here in my country you can be nearly millionaire..

Supercrypt

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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?

One simple and most straightforward reason and benefit is that we would earn the max when the price rises. Price rise is something that we all know would happen after every few months and it does happen, yet we always doubt that and people loose a lot.

If you don't know let me recall you that the price of bitcoins started from 1 cent and now there is a fees of almost 20 cents in each transaction, hope the rest you know !!

ivanst776

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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

There are many different kinds of people that use bitcoin and we have different preferences how we manage our money and our bitcoins in the wallet(s).

Personally, I prefer to hold the savings or the money that I have dedicated to saving in a "cold" wallet which I prefer to not touch these coins for a long time.

But sometimes we need to make some moves on our savings and I prefer to hardware wallet instead of a paper wallet, the benefit of storing for a long time bitcoins are the hope to see a higher price sooner.

aardvark15

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Quote from: DoublerHunter on March 12, 2017, 05:19:31 AM

Quote from: Hazir on March 12, 2017, 03:49:39 AM

Bitcoin is viewed by many as the best investment of our generation. Something that is still accessible for average Joe and is better than any other investment option.

Do you really need any more incentives that this?

Naysayers may argue that Bitcoin is no good because is is extremely volatile and price if fluctuating all the time.
Well, just take a look at historical price charts. Sure there is a fluctuation, but bitcoin's position is stronger with every passing year.

Bitcoin is not the best investment of our generation but as of now? Yes we can say that but in terms of legit long term like 20 years or more then bitcoin is not the best because it is not stable and its price is very volatile and it can be dump anytime because there is a lot of people who got bitcoins at the early age of it so they can dump their coins and that is the down side for bitcoin so we can't comfortably say that bitcoin is the best.

One of the things that makes Bitcoin attractive as an investment is that there is a limited number of Bitcoins that can be mined. As we get closer to that limit, they are getting harder to acquire. As long as Bitcoin can survive, it seems that there is potential for it to make long term gains.

dirokkl

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Quote from: stripykitteh on March 12, 2017, 02:16:11 PM

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.

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

stripykitteh

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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.

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You have your coins valued more over time, that is one of the greatest benefits of keeping bitcoin in your storage for a long time. Also, you would be removing the potential scenario of you being hacked because you are keeping your coins away from the internet and saving yourself over coin theft and whatnot. In some cases, it is also best to take advantage of the current value of bitcoin for shopping since you would be spending "less" bitcoins but still getting the same value of the good that you're eyeing on.

OrangeII

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Quote from: BitcoinPanther on March 12, 2017, 01:05:25 PM

I think people believe that Bitcoin current price is undervalue, and they think that in due time Bitcoin price will be more than 10x what it is now. With this thought, people are saving Bitcoin so that one day they can sell their BTC with 10x plus profit. That is the main purpose of saving Bitcoin in my opinion.

many believe that prices will rise bitcoin double if you store it in a very long period of time. it is not wrong if you look at the times of rising prices bitcoin, because it could happen again. but, there is always a risk in this investment. but, I think it is something reasonable.

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Quote from: Qartersa on March 12, 2017, 11:15:03 AM

Quote from: batang_bitcoin on March 12, 2017, 11:08:57 AM

Quote from: CyberKuro on March 12, 2017, 05:47:21 AM

Quote from: batang_bitcoin on March 12, 2017, 05:40:50 AM

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 if you will look at the charts of history of bitcoin. You will see the positive progress of it with its ups and down, in the end the price keeps on increasing. That's why if you bought bitcoin at $1,000 then you did nothing but hold it and the price reached $1,500 then you got $500 profit.

So far so good for bitcoin growing up since the first time until now, that's why people tend to save bitcoin and expect for profits in the future. But, who knows with absolute certainty in the next 2 years the price will increase more than what we have in this year? Well, people just guessing by compare with the potential and current market conditions.

Well most of the bitcoin experts believe that bitcoin will be on a single destination on flying up to the moon. And many are believing that after a year or two the price will be higher or kind of $2,000 already. So that's why the benefit of bitcoin is really a good thing if you will make it as a long term investment, very profitable.

That is why bitcoins is a good savings and investment financial platform. Bitcoins will totally be the next big thing in finance and it will change the world. We just really need more people to use it, more ways to use it, more people who will accept it as a currency. I think putting your money into bitcoins is a smart choice.

Yes, I consider it as the best investment in my entire life though I'm not that quite old enough for investments. But I do really consider it to be one of the best and has the fastest progress when it comes to growing. It made me became an instant trader by just doing something but wait for a longer time and sell it with higher price.

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Quote from: BitcoinPanther on March 12, 2017, 01:05:25 PM

I think people believe that Bitcoin current price is undervalue, and they think that in due time Bitcoin price will be more than 10x what it is now. With this thought, people are saving Bitcoin so that one day they can sell their BTC with 10x plus profit. That is the main purpose of saving Bitcoin in my opinion.

Bitcoin users think of that way because we can see presently some good basis to believe on that, meaning no hoax, no joke, not for fun but for a legit one. While fiat devaluates while time passes by, bitcoin on the other hand doesn't have the same journey and will increase as time passes by.

Even not for 10x or above increase, great earnings is possible due to the fact that people can play with the swings that happen in bitcoin price.

BitcoinPanther

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I think people believe that Bitcoin current price is undervalue, and they think that in due time Bitcoin price will be more than 10x what it is now. With this thought, people are saving Bitcoin so that one day they can sell their BTC with 10x plus profit. That is the main purpose of saving Bitcoin in my opinion.

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There are two possible reason comes to my mind for those people who stored bitcoin on their wallet for a very long time. First,those people just want to mine or buy bitcoin for the sake of the trend but they don't have any idea if the price would rise up in the future in fact some of them bought and mined it but they later on forget it and now they didn't expect on the price of today,benefits? They will become rich instantly specially holding tons of it.second,storing bitcoin because they know the potential of the coin that's why they decide to hold no matter what the price is.

raven7886

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Quote from: batang_bitcoin on March 12, 2017, 05:40:50 AM

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 if you will look at the charts of history of bitcoin. You will see the positive progress of it with its ups and down, in the end the price keeps on increasing. That's why if you bought bitcoin at $1,000 then you did nothing but hold it and the price reached $1,500 then you got $500 profit.

Yes and another benefit that I see people gain by storing bitcoins is that they can do the price trading quite easily. Means if they stopped bitcoins when the price was $1200 then they can easily sell half of the amount when price reaches around $2000 and then buy more and hence slowly acquiring more and more bitcoins.

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Quote from: gandame on March 12, 2017, 07:42:30 AM

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

Maybe they hold it for a reason like they want it to invest in long run waiting that bitcoin fulfill the higher level before they sell it. Because we know bitcoin can reach super higher price. If i have many bitcoin also i will keep it until my desire price come.

this is my reason when i want to save bitcoin and i want to sell bitcoin when the price is more higher than know and i have the opportunity to see the price, but i am spend my bitcoin too because with bitcoin, i can buy something in internet so i use the save and buy in the same time and i think i still can save it in my wallet.

DoublerHunter

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Quote from: Harlot on March 12, 2017, 11:25:15 AM

I don't think there is a clear advantage on keeping Bitcoin for a long time. Because of many things such as Bitcoin is meant for trading in which we all know that it is not a a stable currency in which is hazardous for keeping it long term because if we bought it at the wrong time then we are screwed big time.

I think you are not exploring the different positive or advantages of holding bitcoin for a long time because if you do then you will not say that. I can say that holding bitcoin for long time is the best way to be a big time earner especially if you have big capital because the price can change in just a few months just like what happened before so if you are holding bitcoin for long time then you can get those chance to sell to ATH prices.

RENATA612

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Quote from: machinek20 on March 11, 2017, 07:17:08 AM

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder

right once you've written earlier because when played by the risk of failure is high enough, but then can cover kergian our previous disclosures, so did most people choose to store in their wallet to be safe

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I don't think there is a clear advantage on keeping Bitcoin for a long time. Because of many things such as Bitcoin is meant for trading in which we all know that it is not a a stable currency in which is hazardous for keeping it long term because if we bought it at the wrong time then we are screwed big time.

DrGuns4Hands

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we store our bitcoin for a long time because we are waiting till bitcoin price reach its higher peak so we could get a lot of money from that method. and many of us storing their bitcoin on their wallet because bitcoin price is not stable so if they needed money there are some money left in them so they could actually cash it out easily.

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Quote from: batang_bitcoin on March 12, 2017, 11:08:57 AM

Quote from: CyberKuro on March 12, 2017, 05:47:21 AM

Quote from: batang_bitcoin on March 12, 2017, 05:40:50 AM

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 if you will look at the charts of history of bitcoin. You will see the positive progress of it with its ups and down, in the end the price keeps on increasing. That's why if you bought bitcoin at $1,000 then you did nothing but hold it and the price reached $1,500 then you got $500 profit.

So far so good for bitcoin growing up since the first time until now, that's why people tend to save bitcoin and expect for profits in the future. But, who knows with absolute certainty in the next 2 years the price will increase more than what we have in this year? Well, people just guessing by compare with the potential and current market conditions.

Well most of the bitcoin experts believe that bitcoin will be on a single destination on flying up to the moon. And many are believing that after a year or two the price will be higher or kind of $2,000 already. So that's why the benefit of bitcoin is really a good thing if you will make it as a long term investment, very profitable.

That is why bitcoins is a good savings and investment financial platform. Bitcoins will totally be the next big thing in finance and it will change the world. We just really need more people to use it, more ways to use it, more people who will accept it as a currency. I think putting your money into bitcoins is a smart choice.

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