The main reason why some people hold bitcoin because they expecting that bitcoin will raise its value. they can sell it for a big price. people like big profit so they are holding their bitcoin in longterm.
Topic: bitcoin benefit of saving for a long time? - page 34. (Read 82331 times)
The main reason why people save or hold into their Bitcoins for a long time or for the long run becauae they believe, or we believe, that Bitcoin will go all the way up in price and value and we could sell it to get a big return on investment. It is like betting that Bitcoin will do good in the long run and we could sell it at a really high price compared to the price when we got it. This is just simillar reason why people hold into their stocks especially when they buy into the stocks of big companies or blue chip stocks.
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 people store their bitcoin in the wallet for long time to long term investment. Bitcoin price will keep high in the future, so invest in bitcoin even other cryptocurrncy still profitable. Come share your thoughts
Bitcoin. Is actually perfect for long term investment. People tend to save their bitcoins in their wallet since its amount in dollars is directly affected by its current value. Therefore, by keeping their bitcoins in their wallet, they are
Also giving their savings a chance to grow. Hence, it is an investment and a saving in one.
Also giving their savings a chance to grow. Hence, it is an investment and a saving in one.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Bitcoin benefits of saving a long time is you invest from small value afterwards or after a year your invest will double your money because bitcoin value increases time to time Come share your thoughts
at the moment it is beneficial, because no one can predict to what point it will still rise...so we can safely hold it
If you bought a 1BTC for 5years ago...then you exchange it today.
You will noticed how the profit multiplies from your capital at the time you bought the 1BTC.
That's the benifit of Hodling the bitcoin for a long time.
But nobody knows what will happen. All are just speculation.
Its still Risk to hold for a long time.
You will noticed how the profit multiplies from your capital at the time you bought the 1BTC.
That's the benifit of Hodling the bitcoin for a long time.
But nobody knows what will happen. All are just speculation.
Its still Risk to hold for a long time.
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 longer we save bitcoin in our wallet the higher the income we may earn and that is the so called benefit we can earn in bitcoin.
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).
Well for me savibg bitcoin for a long time maybe there's a benefit if we can hold it for a long time because we all know that people are always look for a better value. But if we can save bitcoin for a long time maybe the benefits for it is that in time comes our bitcoin will be in higher rank and also in trusted, in terms of value, it earns bigger than others because of long term saving. 
The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.
If you have the confidence to hold then you might make money for being strong. Bitcoin has been very successful after it broke it's ATH during the Mt. Gox days and now it has continue its success and believers have
already made profit by just holding alone.
The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.
As we see that bitcoins price is unpredictable and we don't know when it fall and rise. So when you store your bitcoins in your wallet, two things may happen.
Your bitcoin may be down in value or may double or triple its value, but no one can say when. So the best way is to wait and see.
Your bitcoin may be down in value or may double or triple its value, but no one can say when. So the best way is to wait and see.
Yes true, bitcoin is a very profitable investment for the long term but most of us do not be patient because when see there is a price increase then immediately sell.
Btc is an investment so it means that once you invest for a long time you'll be able to get much profit. You just need to be patient
You can get or your can lose, that's the possibility and you have to be ready also when things will result not on your favor. Not every time we invest we will be successful, there are also failure that is why it's required that we should only invest what we can afford to lose.
Benefits include the rise in value of Bitcoin, which will generate them profit. Also, saving it in a wallet is better than saving it on an exchange, due to better security.
Yes it got benefit if bitcoin save in long term,and i think most of the people store bitcoin as investment and they think its better to store it in coin wallet because there are more scammed investment.It become safe and because the price of bitcoin increasing it make a good profit.
Saving with bitcoin is of course beneficial as its price is increasing fay by day it will be very much profitable and one can earn more if a person is holding the coin in wallet for long period of time
Many people predict bitcoin
next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.
Not just they think, rather they believe in that time were the price of bitcoin will rise. That's why they store it for so many years, coz their profit will also grow when the years pass by. I my self also believe in that. I also save bitcoins for long time and for future purpose. next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.
Many people predict bitcoin
next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.
next year will rise in value. Maybe this is what they think about to save a lot of bitcoin in their wallets. Next year will be a sales moment.
Mostly the reason why storing bitcoin for a long time in a wallet is because they are waiting for a possible higher trading
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