Topic: bitcoin benefit of saving for a long time? - page 31. (Read 82331 times)
Due to price corridors, there is a clear advantage here. This will determine the amount of your profit. If you want to be patient, you can get a high price and a big profit.
Yes this is true, bitcoin is very profitable if we saving for long time, but unfortunately most users do not like to wait and will do profit taking if they feel there is a slight increase in price.
All of us have thesame reason why we hold our bitcoin for a longtime, the reason is to get big profit. Because we all know that bitcoin will increase and increase again as the time goes by. Being patient and trust to bitcoin is the key to get big profit if you dont have that and when the time comes that the value of bitcoin is decreasing, panic selling of bitcoin is the thing that im sure you will.do
But if you have that patient and trust, you will only think that this discrease is only a chance to buy bitcoin and make profit when it is high.
But if you have that patient and trust, you will only think that this discrease is only a chance to buy bitcoin and make profit when it is high.
i think everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users..
Need I say more?
The price of bitcoins will reach to the moon in future and if you want to get rich with it then there is no other choice left for you but to save your bitcoins for a long term and if you sell your bitcoins now then you will be making lesser profits and you will regret in future for not saving it for the right time and people who have saved their coins from last 2 to 3 years are in the best position at a moment as they have already become millionaire by now but I am sure even they will not sell their bitcoins now and will hold for some more years.
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 see the price for bitcoin every year continue rising although sometime deeping but it will reach up again. Like others i do believe that someday my investment for bitcoins will make me wealthy person. Come share your thoughts
Bitcoin has a worthy and stable future one who invest in it got good profit,Its a good time to invest in it and save for the e future as long term,People invest in insurance policies but when need to claim many companies scam and do not accept claim.You have Bitcoin mean cash with you any time can take benefit from it.There so many uniqueness which attract to there investors to invest in it for high earning in safe way.
Like the early adopters what are their benefits? You do not have to ask this question because you know the answer here. Of course the bitcoins are rising in price and when you hold it of course you will also increase the bitcoins value that you hold. So many people keep holding their bitcoins because of the hope that the price of bitcoins will increase further.
You can get dividends off the bitcoin forks such as the previous bitcoin cash and bitcoin gold.
Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.
Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.
Overall I think it's good to hodl some bitcoin long time than some alts.
Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.
Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.
Overall I think it's good to hodl some bitcoin long time than some alts.
That if some exchanger support it, if there is no exchanger support it then I guess there is no reason to collect that fork coin. When we save with bitcoin we are already reducing our risk with inflattion. When we are not exposed with inflation, our money value will never decrease and it is of course safer than just safe money in the bank
You can get dividends off the bitcoin forks such as the previous bitcoin cash and bitcoin gold.
Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.
Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.
Overall I think it's good to hodl some bitcoin long time than some alts.
Bitcoin got a deflationary nature due to people losing their coins in accidents and mining is halving, overtime if there is demand the coin should grow in price.
Bitcoin is still king and all altcoins are backed by bitcoin, bitcoin can potentially swallow most of the "currency" market if it goes fully mainstream.
Overall I think it's good to hodl some bitcoin long time than some alts.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Those are people who holding a bitcoin in there wallet those are greedy one because they just think about increasing the price they dont think the risk/fact that bitcoin will decrease the price. Come share your thoughts
Btw they have some reason for holding bitcoin maybe they bought btc in low price or they get it for free.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
For me the reason why the users of bitcoin benefit of saving for a long time because they want more to get higher profit.ofcourse they will get their benefits...because bitcoin currency it might decrease or increase so the users of bitcoin save their benefits for a long time. Come share your thoughts
They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it.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 save a lot of bitcoin in the wallet in order to sell it when the price is higher, it's a good way to get a profit. Come share your thoughts
For the exceptionally fundamental motivation behind why they keep their bitcoin in their wallet is for them to gain a major benefit later on as bitcoin's value anticipated that would ascend high and keeping bitcoin is much the same as keeping valuable stones and diamonds.
It can likewise be about future motivation behind why individuals are keeping bitcoin for good like feasible arrangements for their family and instructive arrangement for their future children, business and significantly more.
The main thing I have in my psyche is that no one lose over the long haul when they keep their bitcoin and hold it.
It can likewise be about future motivation behind why individuals are keeping bitcoin for good like feasible arrangements for their family and instructive arrangement for their future children, business and significantly more.
The main thing I have in my psyche is that no one lose over the long haul when they keep their bitcoin and hold it.
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 holding Bitcoin is good if you are preparing for something , maybe studies, or occasions but holding it for the rest of our lives doesnt make us better, the profit that you should have been enjoying might fade away, cause rumors come to life that Bitcojn may end two years from now.
They store it into their wallets because they do believe that one day in future btc will be worth much more than it is now and they would become millionaires just the previous holders.
I guess that is what really most of the users expect or want to achieve, to be a millionaire someday. In order to achieve that you need to hold your bitcoin for a long term because that is what they did when they invested in bitcoin couple of years ago, they waited patiently for this moment of bitcoin to come and it is all worth it. 
Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.
I diffinately agree with your thoughts. There will be no point in saving your bitcoins without even using it, since it is a currency, using your bitcoin in a proper way is also a benefit from your investment because you can roll your profit in some other cryptocurrency or ICO's. Another reason is the risk on your investment if you hold it for a very long time, like what happen in december 2017 where bitcoin surge to up to $20k and now fall like a shooting star in a $12k-$14k only. This is what we should think about when planning on holding bitcoin for a very long time.
Saving bitcoin is good and can be profitable but up to a certain level of time and you cannot afford to save it for really long time without selling it at any point of time and if you keep on holding and never sell then you will be never making any profits from it and then there is no point of having bitcoins in your wallet if you are never gonna spend it as we don't know how long bitcoin will survive and what will be its price in future either it can reach to the moon or it can crash badly so be smart and sell it whenever its bringing good profits for you and buy it back when there is dip in the price.
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