Part of me agree that it is true. On the other hand the price is always changing and it really make me confused
According to a number of analysts, growing concerns about nuclear threats from North Korea have pushed investors to alternative assets, such as digital coins.Geopolitical tension, at least for now, is playing in favor of the bitcoin. 
Topic: bitcoin benefit of saving for a long time? - page 35. (Read 82331 times)
Storing bitcoin in a wallet is an investment which one can sell as the price appreciates.
Part of me agree that it is true. On the other hand the price is always changing and it really make me confused
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.
Well as you've said, we don't know what will happen to bitcoin in the future. Holding bitcoin for a long period of time will give you either positive or negative effect. It's either you'll earn huge profit or you'll going to lose your money. You have to be wise as to when are you going to keep your bitcoin. You have to set a target price as to when are you going to sell it. Coz if you'll just keep on holding your bitcoin in your wallet, and keep waiting for the price to reach its highest peak, tendency would be, you'll lose your money coz bitcoin price keeps on fluctuating.
If bitcoin price now is really high now, and you still choose to hold it, there's a high chance that it will drastically drops. You have to be open for all the positive and negative that might happen to bitcoin.
Well, I don't really mind about the possible negative happen into bitcoin coz I'm not like others that we calls negative thinkers that seems like you because I'm a kind of guy that always think positive for every step i made.
It’s not about being a negative thinker, but it's being preventive. Being preventive of the bad things that might happen to bitcoin price in the future. You just can’t ignore the possibility of losing or your money. We’re talking about money here. If you don’t care of the possible negative effect of holding your bitcoin for a long period of time, then so be it.
One more thing, you're not being optimistic here. You're just seeing the positive effect when in fact that you can't avoid the negative side of it. You just can't accept the fact that there are circumstances that will not happen as what we wanted to be. Anyway, I'm gonna leave you here. I'm not gonna stoop down to your level. We are all entitled to our own opinion.
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.
Well as you've said, we don't know what will happen to bitcoin in the future. Holding bitcoin for a long period of time will give you either positive or negative effect. It's either you'll earn huge profit or you'll going to lose your money. You have to be wise as to when are you going to keep your bitcoin. You have to set a target price as to when are you going to sell it. Coz if you'll just keep on holding your bitcoin in your wallet, and keep waiting for the price to reach its highest peak, tendency would be, you'll lose your money coz bitcoin price keeps on fluctuating.
If bitcoin price now is really high now, and you still choose to hold it, there's a high chance that it will drastically drops. You have to be open for all the positive and negative that might happen to bitcoin.
Well, I don't really mind about the possible negative happen into bitcoin coz I'm not like others that we calls negative thinkers that seems like you because I'm a kind of guy that always think positive for every step i made.
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
I think holding bitcoin for a long time will definitely get bigger profits too and they choose for it because they do not need the money at the moment, but for those who need money it will soon sell it once it's earned a profit
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.
Well as you've said, we don't know what will happen to bitcoin in the future. Holding bitcoin for a long period of time will give you either positive or negative effect. It's either you'll earn huge profit or you'll going to lose your money. You have to be wise as to when are you going to keep your bitcoin. You have to set a target price as to when are you going to sell it. Coz if you'll just keep on holding your bitcoin in your wallet, and keep waiting for the price to reach its highest peak, tendency would be, you'll lose your money coz bitcoin price keeps on fluctuating.
If bitcoin price now is really high now, and you still choose to hold it, there's a high chance that it will drastically drops. You have to be open for all the positive and negative that might happen to bitcoin.
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of 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
I think those who keep their bitcoins for a long time may not need money any time soon and they want to earn a bigger profit because holding for a long time will certainly get more profit
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.
Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
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.
That's right. They consider it as a saved asset, similar to money which is stored in a bank. However, in the aspect of cryptocurrency, it is not generally a safe practice because the value and price point of bitcoin may drop at any time due to its volatility feature. Having said, it would be better to convert it to money, if you plan to store it long term because that would be safer and reliable, and it's value won't be in danger of plummeting as well.
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 that now they do it because they understand how much it can grow. But as soon as all are oversaturated, no one will save them so long Come share your thoughts
I think they stored bitcoins to their wallet just for them to save and wait some time for them to sell it. And they protecting their bitcoin to some scammer.
Whosoever they are, if they are holding bitcoin for a long time and not wasting them on useless things, it is going to make them rich very soon. These people who are holding bitcoin at the moment are future millionaires and billionaires because the way bitcoin is increasing in value, it is quite obvious that in the near future, it would not be really easy for common people to won bitcoin in any way. Bitcoin benefit of saving for long time is better than saving for the short time. The long time saving give you a good amount of money, because the value of the bitcoin is rasing and as long as you save bitcoin it create high income as well. as the value raised in the last month is 10k$ while the value raised for the last week is 3k$. It means the long time you save bitcoin the high will be the profit.
True but it is not easy to save long time. Image you have 10 bitcoins in January this year and by now you collected few more. Think will you save then or you would be temped to sell them with this current price. If we look on price it really not that easy to make this decision it actually really hard. Price is more then anyone imagine so think 10 btc is quite the sum now.
I think this is the right thing, if we are patient to wait for the time when we want to sell bitcoin then it takes a long time or at least a year, for example is this year, bitcoin price has gone up to 14x even a week ago reached 19x.
You get high profit over a long time. Today bitcoin became popular almost all over the world theres a lot of investors now invest in bitcoin. A lot of people join bitcoin searches for extra income and the jobless ones. Now the demand of bitcoin is extremely high that value of bitcoin is increasingly fast and high.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
So here are the benefits that you might get if you save bitcoin for a long time. First, if you hold it you can't spend it in not important things. You can prevent yourself from buying luxuries or any material. Next, the investments or money you store in bitcoin will grow since the price of bitcoin is getting bigger and bigger day by day. You shoukd wait and have patience. The longer na patience the higher the income. That is the rule in bitcoin. Come share your thoughts
There is a great benefit if you store bitcoins! Imagine the price before is already big, and if you saved bitcoins that time, you have made bigger bitcoins by now because bitcoin's price today is much bigger than before. Maybe know, you cannot see the effect of storing bitcoins but after weeks or months, you will see the good difference.
Patience is the only key to be successful because bitcoin is already unstoppable, it's going in an uptrend way although there is a possible that it will dump.Put your trust on bitcoin when you invest and be optimistic that this will become the most popular payment method online in the future.
It is you who must decide the things based on his own skillset and planning. For me, holding of bitcoins is more appropriate as I can do all my work quite comfortably.
Most people keep their bitcoins in their wallet, this is very profitable for us. We can hold or buy bitcoins at low prices and sell them at high prices. Or we can also pick it up when we need it. Just like we save in the bank. Whenever we can take it as we need.
If compared to other investments such as mutual funds, stocks, gold or property of course the time of bitcoin profit is shorter, this year the price has risen more than 1700% and this is a record that has never achieved any type of investment.
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