Topic: bitcoin benefit of saving for a long time? - page 139. (Read 82331 times)
We can not say whether bitcoin will grow or fall, we should consider both scenarios as equally probable and the loss is negligible compared to the possible profit. It would be prudent to invest a small percentage of their savings in bitcoins with the intention of spending them years later. Many of us throw out much more money for unnecessary things. But your investment can be very profitable, you can pay the mortgage in the future or get the money to open your business.
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
Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).
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
These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your 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
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