bitcoin benefit of saving for a long time? - page 38.

MarconyGL

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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

Of course, they want to get a big profit with an increase in the price therefore they wait. Another thing no one knows when there will be a collapse and this is very risky, because you can lose a lot in this. But while this is promising.

mylifeisorandom

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Because of its young economy, novel nature, and liquid markets; saving your Bitcoin is not recommended. If you own Bitcoin, it’s much better to spend it than to save it for two reasons: 1). It could become worthless overnight and 2). Its future depends on it.

Best Dreams

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Quote from: criz2fer on December 13, 2017, 10:47:51 PM

Quote from: ASICHEAD on December 12, 2017, 07:46:26 PM

Quote from: Bitcotalk on December 12, 2017, 06:00:56 AM

Quote from: rainmaximo on December 09, 2017, 06:39:45 AM

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.

Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.

Correct. New investors in bitcoin usually don't invest at bitcoin because of uncertainty specially today's price. People are more like to invest that they can afford to lose thats why i think they only invest a small amount of bitcoin which i think they are not trying to be millionaire but to make a decent profit to it.

Bitcoin benefits for its saving is very good idea and especially parents can save bitcoin for their kids as we know that now a days everything is very expansive so in coming time education will also be expansive so this saving can help them in their higher education and also it can help them in their future as people are saving bitcoin for income purpose and then they sell bitcoin when bitcoin price go high so it’s a very good to save bitcoin for future.

dharnamonitor

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Quote from: Apened on December 11, 2017, 01:52:53 PM

Quote from: BitcoinTurk on December 11, 2017, 12:40:06 PM

Because it is very profitable saving method in last days. It grows a huge amounts in a hours and investors are having a good profit at everyday.

Making your bitcoin stay for couple of years inside your wallet is dangerous for you. It is only like saving cash in a bank and waiting the interest to get mature. Neither of these investments is good. It is really better to let your money work for you. Don’t let your bitcoin reach maturity inside your wallet without even being circulated and earn double or triple that making it stay inside your wallet.

For some reasons, making bitcoins stayed inside the wallet for so long somehow doesn't provide satisfaction for me, it takes a long loooong time to take the target profit. Instead of just saving it we should consider also some things that might help to increased it without waiting for so long time.

melancoly

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It's indeed could make you have the value gained more than 100 times when you hold it for long time ,
But there's benefit more than that , bitcoin could improve our quality lives through a new financial system.

intoy_victor

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The benefit of saving bitcoin for long time is good because if you keep it for long btc is also increasing the value of your save btc will increase too then if you are satisfied of the value you could convert it to o
your money country.

chromosomes

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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

It is simply because of profit. Bitcoin is best known for long term investment. Holding Bitcoin for a long time would yield to huge profit in the future because its market value is continuously increasing. Practically, as its price increases, same thing happens with the profit to be earned by its investors and users. The benefit of holding for a long time is simply the huge profit that is about to earned once its market value becomes more expensive in the future.

Tukang Becak

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No need to wait 10 or 20 years to get profit thousands of percent by invest bitcoin we can profit thousands of percent in a year even this year has gone up to 1600%, if compared with 9 year ago price have risen more than 16000%

Botnake

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Quote from: EdenHazard on December 14, 2017, 04:20:47 AM

Quote from: ASICHEAD on December 12, 2017, 07:46:26 PM

Quote from: Bitcotalk on December 12, 2017, 06:00:56 AM

Quote from: rainmaximo on December 09, 2017, 06:39:45 AM

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.

Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.

nobody knows that your 0.1 bitcoin could worth 100 million!

i just not sure if you can resist to see the high price of bitcoin. even when your 0.1 bitcoin turned to $100,000 you will sell it immediately. i have experienced something like that , FUD in bitcoin always there and the one who keep the faith in bitcoin are the one who could become millionaire just like what you said.

That's correct, because of our trust with bitcoin it gives us a reward by increasing it's value.
Traditional financial experts said bitcoin is a bubble and it will just disappear anytime, it's up to us if we believe it or not but for me I will
continue to believe the future potential of bitcoin because I have proven it's profitable.

EdenHazard

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Quote from: ASICHEAD on December 12, 2017, 07:46:26 PM

Quote from: Bitcotalk on December 12, 2017, 06:00:56 AM

Quote from: rainmaximo on December 09, 2017, 06:39:45 AM

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.

Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.

nobody knows that your 0.1 bitcoin could worth 100 million!

i just not sure if you can resist to see the high price of bitcoin. even when your 0.1 bitcoin turned to $100,000 you will sell it immediately. i have experienced something like that , FUD in bitcoin always there and the one who keep the faith in bitcoin are the one who could become millionaire just like what you said.

Sexie

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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

. Those people are just waiting for the right time to sell their Bitcoin.The hiigher the price , the greater benefit ON it. Those Bitcoin miners wanted also to gain profit for their hardworking. F they Will sell it without profit., of course they did not reach their goal, they lose their effortl of mining, they fail. So as long as they could wait, they earn the profit, so ,that is the benefit of keeping the Bitcoin for long time.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: rog1121 on December 14, 2017, 03:42:54 AM

Quote from: Mary ann Labor on November 21, 2017, 03:28:35 AM

Yes saving in bitcoin for a long period of time can give benefits because the price has gotten really high, it will bring us a lot of money and can give us a higher profit.

It is true that saving your bitcoin for long time create you a high profit because the value of bit coin raised rapidly in market. As a result your saving get high value which give you profit. Saving in other currency does not generate such profit because there value not rising up as the value of bitcoin.

The future is uncertain but the way bitcoin is performing we have a good chance to find more success in the future.
I cannot afford to miss this opportunity to invest knowing bitcoin is very progressive, with good education I think more people will be attracted in putting their money with bitcoin.

rog1121

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Quote from: Mary ann Labor on November 21, 2017, 03:28:35 AM

Yes saving in bitcoin for a long period of time can give benefits because the price has gotten really high, it will bring us a lot of money and can give us a higher profit.

It is true that saving your bitcoin for long time create you a high profit because the value of bit coin raised rapidly in market. As a result your saving get high value which give you profit. Saving in other currency does not generate such profit because there value not rising up as the value of bitcoin.

manismanja

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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 advantage of having long-term bitcoin is that when bitcoin has forked and created a new coin then we who have bitcoin can have the new coin for free, and other advantages we can become rich.

Pasabm

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I think they keep bitcoin for long periods of time with a reason to sell it at a high price from the present time. We can see the rise of bitcoin in 2 years is very significant very high darting. That's the reason why they keep it now, and sell it 2 years or a few years to come, they are optimistic bitcoin prices will continue to rise from year to year. Sell it later when the price is expensive.

sumonrud

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Now Bitcoin reached a remarkable rate of $16,000. some time bitcoin reached $19,000. Bitcoin price was starting the year 2017 only $3k now its price is $16,000 so you can think that, bitcoin value. I think in the year 2018 bitcoin price will be so high. actually, the peoples save bitcoin because they could sell bitcoin at the highest price and it gives them profit.

doomistake

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Quote from: Joshapat on December 13, 2017, 11:03:00 PM

Right, I think the bitcoin price is going to happen significantly if we want to be patient and saving for a long time or at least 2 years, if we got bitcoin 2 years ago when the price is $ 200 and now $ 16,000 then the price increase is 80x.

Bitcoin is indeed good as an investment for a long run, not just because its price is increasing everyday, but also because of its advantages compare to the other coins. Bitcoin is the most convenient coin for me to use amongst all of the coins here in the cryptocurrency world, I don't know why, maybe it is because bitcoin is the most promising coin I've ever seen in my life.

In fact, I've invested my future in it, that is how I trust bitcoin. I know in the long run, I could make the profits more than I'm making right now by saving bitcoin and holding it for the long run.

L1looker

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Of course you can benefit in bitcoin if you will save it for a long time because its value is keep on increasing.

Joshapat

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Right, I think the bitcoin price is going to happen significantly if we want to be patient and saving for a long time or at least 2 years, if we got bitcoin 2 years ago when the price is $ 200 and now $ 16,000 then the price increase is 80x.

criz2fer

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Quote from: ASICHEAD on December 12, 2017, 07:46:26 PM

Quote from: Bitcotalk on December 12, 2017, 06:00:56 AM

Quote from: rainmaximo on December 09, 2017, 06:39:45 AM

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.

Nope, it depends on how much amount of Bitcoin you are holding for long term. As me, I just have 0.1 BTC for long term, can me be the billionaire with that amount? Never! I am sure I never have this chance, therefore, I must to invest more and have more Bitcoin in wallet to become the billionaire through Bitcoin.

Correct. New investors in bitcoin usually don't invest at bitcoin because of uncertainty specially today's price. People are more like to invest that they can afford to lose thats why i think they only invest a small amount of bitcoin which i think they are not trying to be millionaire but to make a decent profit to it.

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