bitcoin benefit of saving for a long time? - page 18.

hangar18

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Quote from: android17 on February 24, 2018, 11:22:12 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

Commonly, many people are holding it for a long time to gain bigger profits in the future given the fact that it is continuously increasing as time goes by. Though it was risky and the user is not sure if it will be successful, many people are still holding it. I think the best way to be safe is to convert half of it and hold half of it to avoid big losses in case of unexpected failure of Bitcoin. Make sure to hold those you can afford to lose

In my opinion, the price of Bitcoin has increased so much in the value. I am sure those who bought it in the earlier of last year all had huge profit enough to withdraw funds. I recommend we should trading with profit instead of all funds to Bitcoin at the moment.

Lubang Bawah

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If we expect profit in a short time then it is not right if we invest, you can do gambling or trading, but if you invest then give at least 3 years to know whether you profit or not, if you have patience then I suggest to keep bitcoin at least 3 years and I'm sure that we can profit up to thousands of percent.

android17

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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

Commonly, many people are holding it for a long time to gain bigger profits in the future given the fact that it is continuously increasing as time goes by. Though it was risky and the user is not sure if it will be successful, many people are still holding it. I think the best way to be safe is to convert half of it and hold half of it to avoid big losses in case of unexpected failure of Bitcoin. Make sure to hold those you can afford to lose

Ann Impas

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They are saving their bitcoin for a long time to benefit for the massive increase of bitcoin in a long run. I'm sure bitcoin will rise more in the coming years due to its volume. Lets just wait and see.

zander09

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Quote from: BrewMaster on March 11, 2017, 11:32:19 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

i think the majority of people who truly understand the potential of bitcoin invest in it and keep it in their wallets for long term, only those who don't know it yet or are new to bitcoin panic and sell because some random comment on some random place on the internet said so.

Well we don't blame those new in crypto. Because in the first place they are just a new and nothing to know more about bitcoin but if they understand all about bitcoin for sure they will know how to calm down and hold.

amwer

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We can relate the Bitcoin Savings Account to the real world Fixed Deposit Account you would get from commercial banks where you deposit a particular amount of money and get a certain percentage monthly or yearly as the case may be. Bitcoin Savings Account acts the same way. They require you deposit a sum of Bitcoin and you get about 3% of deposited funds for a period and in some cases, for as long as you have your Bitcoin with them.

bitcoinsocial09

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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

In my observation people choose to save their bitcoin for a long time because they can also get a profit here. If they save it and the bitcoin price will increase then their money will increase too. But they also taking the risk which if the bitcoin price will decrease their money will decrease too. Therefore you should be aware if bitcoin decreasing or increasing for you to know if there's still a profit you can gain.

Freddie Aguiluz

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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

Holding your tokens and coins for a long time can give you money. As the time goes, the value of your money can increase depending on its value on the market. But there are also money that are constant as the time pass. So it is a risk in buying all those coins, we will never know if it will increase in value of will be constant thru all years to come.

Kolly

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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

They are saving because they are waiting for the big one if the price already is in the highest momentum maybe thats the right time they were sell.

jhamz03

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The benefit of saving bitcoin for a long time is that it may double tripels the current value of your bitcoins in the future. But we have to understand that holding takes a long time before we can acquire profit, so therefore we have to be patient in waiting.

Sate Jamu

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Quote from: Jiddyyy on February 23, 2018, 10:57:44 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?

Come share your thoughts

As I read some post here and watched them all, the reason why they hold it and save for a longer time because it will possibly get high or increase it's value. And also they store their bitcoin in their wallet so that whenever there are some emergencies they have something to get.

The thing we have to do is be patient, we must understand that all investments take time for profit, if we keep monitoring the daily price charts it will make us anxious and panicked so that if the price drops more than 10% then we sell all the bitcoin despite the loss, rest assured that as long as bitcoin is not zero then there will always be a spur to rise.

Jiddyyy

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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

As I read some post here and watched them all, the reason why they hold it and save for a longer time because it will possibly get high or increase it's value. And also they store their bitcoin in their wallet so that whenever there are some emergencies they have something to get.

btsjimin

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Many people store their Bitcon in their wallet for a long time for emergency situation. The value of Bitcoin increases as times pass by.

Dux2K

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Maybe why all are now into saving is that its expected to be many more forks on bitcoin and ethereum as well. This may be good reason for many holders to hold on the coins and wait for upcoming forks in hope of gaining much more bigger price. Off course bigger holders will hold much bigger amount bonus.

OnceTwiceThird

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Will be more benefit if we hold the bitcoin in the long time, will be unlimited profit we will get if we are hold our bitcoin in the long time. We can look at the last years where the bitcoin value more cheap and it about $2,000 and we can check the bitcoin value right now more than $10,000. Will be more benefit if we hold and save our bitcoin in the long time, maybe for four or five years.

bert20

newbie

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Yes bitcoin is a good potential to save a money because no one can steal your bitcoin. Its better to have a saving for a long time because the value of bitcoin will increase. When the price is become higher and higher thats the time you will make it convert into a cash. So that your money become double or tripple.

bluered

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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

Well in my opinion they are storing bitcoin in their wallet because it is better to store it than to cash it out. If it converted into bitcoin its value may increase. They are also waiting for the value of the bitcoin to increase for them to get big amount of money. If it is in wallet also you cannot use it easily because you still need to process it for it to become cash, people that are doing it is thrifty because they are keeping it to be safe from their hand.

changcloy

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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

The reason why lots of people holding their bitcoin in their wallet because they already observe how it flows,bitcoin started in a very low value but now it is more than we expect .Hold it and sell when the price is high or you can also keep holding.

joms07

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Bitcoin has lower inflation risk: All world currencies are controlled by their respective governments. This is what at times leads to fluctuation in the value of the currencies since governments keep printing more money. When a currency loses value, its purchasing power goes down and leads to paying more money to acquire the products. In the end, it is like a tax on what people have already acquired, which may not be enough at the same time. With Bitcoin, the system is infinite and therefore no need to worry of the money getting finished. By the year 2050, it is estimated that there will be in circulation one Bitcoin to cater for 500 people globally.

pallang

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It's good to hold your bitcoin for a long time if the price is very low and wait for it's price to high to have a bigger profit but if the price is right better sell it now before it's price will go down.

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