Topic: bitcoin benefit of saving for a long time? - page 39. (Read 82307 times)

I do not know how effective it might be though, but I would prefer my money working for me while I sleep not leaving it dormant in my account

Yeah bitcoin will grow in your wallet and if you hold it for long time you will have profit. Bitcoin is digital currency and most of the time people keep bitcoin is wallet and hold it till the price goes double. Today many people are demanding for bitcoin but it is not available for all so if you are having bitcoin just hold it for long time and invest in bitcoin as much as you can invest for your better future.

I think people used to store in bitcoin because they are hoping for larger income which may be acquired through waiting for a bit. The value of bitcoin is known to be volatile and most of the investors here became attracted to it because of that feature. The value may rise or fall anytime that's why you should be mindful on what's happening in the market. It is also risky since the possibility that you will benefit is not fully assured.

We are all aware that the value of bitcoin is volatile and there is a large probability that the value of it right now is going to increase. If you are going to save your bitcoin for a long time, you will have higher chances of getting larger amount of profit. You will see that most of the successful people here became patient on having their profit and now that the value of bitcoin has risen over the roof, they were able to benefit so much from it.

Yes we will have our own benifits when we keep holding into our bitcoins just think about it yesterday bitcoins hits 18000$ no one expect that bitcoin will hit that amount as of today. It is better to all if we holding and keeping bitcoins becuase if we holding and keep bitcoin for a long time, its price will go up. Like supply and demmand.

The first benefit is income. We are going to make money from bitcoin by saving it for a long time. If you are thinking that you can take advantage of the price increase in bitcoin by taking advantage of its volatility, you should kill that thought. Why? Because the whales are always going to win. Not knowing what you are actually doing in trading will lead you to losses. You can feel a little sorry for yourself during the first losses but it will take you a long time to realize that you should have just saved your bitcoin and not trade at all.

One of the benefits of saving bitcoin for a long time is that it saves you from the losses that you might get by trying to ride with other traders. You can't ride with them simply because they've got better skills than you. All the dips, all the ups and downs of bitcoin, you don't need them. Save yourself from all those market spikes by simply holding bitcoin for a long time. You are probably going to be able to maximize your profits this way. When holding bitcoin for a long time, check the market everyday but still always remind yourself that you are in it for the long haul. The price of bitcoin is going to increase a lot more in the future and you are going to lose your opportunity to sell at a really high price if you sell now.

People store bitcoin because they will wait until bitcoin prices go up very high and that is to save them money in a very long period of time. Therefore, they will not sell all the bitcoin he holds until bitcoin prices rise so high for their future prospects

I think if you can trade and make huge profit, benefiting from it would gain more income than holding for a long time, but if you don`t have free time it is better to hold.

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.

Saving is better than speeding but if you are making a comparison of saving and investing. Then I think you must have divided the scene. There should be some saving amount and then on the flip side, you must be investing in some bitcoin or altcoins.

Reason is, saving will only increase the amount of asset you have, but investing will grow it to more asset and you will ultimately be benefited from it.

There are many benefits if you save your bitcoins you will get good profits as we can see from the previous price variation of bitcoins there has always been a huge leap in the price of bitcoin market as new user's are entering the bitcoin community there is still chances for the bitcoins to increase the price due to high demand for bitcoins in the crypto market. The bitcoins prices may surge above $ 40000 in the near future or by the mid of 2018, as bitcoins always proves to be a good investment it is better to buy now and save as it can help you earn profits when the prices increases.

Saving bitcoins in your wallet is quite risky because the price of bitcoin is fluctuating we never know when will it rise or fall. But once it continue increasing its value as times go buy those who save bitcoins in their wallets will be so beneficial for they'll have a big profit.

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.

That is the way many investments work, yes you can lose your money but taking into account the amount invested the ROI can be amazing, can you imagine all of those that bought Google, amazon or Facebook stock when it was first available, if they held until now they are very rich individuals, this is why if your dream is to become rich you need to find a cheap altcoin that has potential and invest in it.

True, since we have no idea about the future of crypto-currency we need to try but don't put all your money if you think that you earn money just try big amount to get huge profit. We can say now that bitcoin has a benefts in saving in the future cause we know that bitcoin price is totally amaze it goes up and up that encourage some people to make this or invest.

Investing bitcoins can give you double or triple profits on your investment but you cannot ignore the risk factor attached with it and if you invest at wrong place and if your investment fails then you are likely to make big loss and comparatively holding is bit safe as people have made huge profits only by holding and even in future there are higher chances of making big profits only by holding as price will continue to increase depending on the higher demand of bitcoins.

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.

I have 100k satoshi in 2016 and till now it's already increased 30 times . Really insane. I wish i could saved more Bitcoin as that moment.

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.

yep, I have the same thought with you, too. We should sell it instead of store, it’s much more safe. Because you know, nobody can predict exactly how the price of bitcoin will be whether it goes down, up or unchange. So we must consider carefully. But sometimes,  I think that holding it also a right choice, from storing BTC some got a huge profit. I really want to try one time but I still don’t have bravely enough.