Topic: bitcoin benefit of saving for a long time? - page 43. (Read 82307 times)
The only benefits that I can see is its price that could reach $500,000 in a matter of years. I believe that so. I know it could be difficult for Bitcoin to be widely accepted as currency, but now it is more likely as Gold. That's why people keeps on buying and buying Bitcoins. A good investment, indeed.
This would be a good gauge on how patient you are with your investment. Are you going to sell if you see that the price is going back below, say $800? Or are you going to continue holding and wait for the price to recover? But if you look at it in the medium term, in the last few years, bitcoin has been worth holding because of how it has increased in price massively. Just ask those who have been holding since the price was still at $200 and they would be so happy to tell you that good things come to those who wait.
Bitcoin give you cash, sparing them for quite a while yet I think contributing the bitcoins is preferable path over sparing of bitcoin. Sparing will produce just that sum which will bring up in the estimation of the bitcoin while speculation profit and the raised esteem is a surplus for you in venture. Speculation likewise create wage for you in future.
I also think bitcoin can save his money for a long time, instead of depositing it into the bank I can turn it into bitcoin.
With saving bitcoin may be assured it sees value bitcoin who kept up and as one of the terpopuler and meiliki highest value, then it will be very reassuringly for those of us who want to save the long term in bitcoin
You can save your money in bitcoin for future.I had brought a Bitcoin when the price was 2500$ and I had sell when the price reach 6000$ by seeing the double value and need of money. But now the price of bitcoin is 11000$,if I had hold it till now means.I would became a millionaire or billionaire. So l lost my bitcoin.You have to avoid of panic selling and you have to inverse unwanted money in bitcoin.
With saving bitcoin may be assured it sees value bitcoin who kept up and as one of the terpopuler and meiliki highest value, then it will be very reassuringly for those of us who want to save the long term in bitcoin
You can save your money in bitcoin for future.I had brought a Bitcoin when the price was 2500$ and I had sell when the price reach 6000$ by seeing the double value and need of money. But now the price of bitcoin is 11000$,if I had hold it till now means.I would became a millionaire or billionaire. So l lost my bitcoin.You have to avoid of panic selling and you have to inverse unwanted money in bitcoin.
With saving bitcoin may be assured it sees value bitcoin who kept up and as one of the terpopuler and meiliki highest value, then it will be very reassuringly for those of us who want to save the long term in bitcoin
Time will define the value of Bitcoin, The longer you HODL Bitcoin, the great profit you can gain. Can you imagine, when OP started this topic last March of this year, Bitcoin price was a thousand USD each and now it was more than 11K USD.
1000 percent profit in less than a year,
1000 percent profit in less than a year,
Why do people hodling bitcoins for a long time by the way? it's because it they don't want to earn just an ordinary profit but a big time profit because keeping your bitcoins in your pocket means you are investing for your future.
Nope i do not think fiat will be extinct within the increase of bitcoin because wstill need document cash just to spend our expenses and need. If the whole world and banks or establishment is changing nicely in bitcoin maybe money is going to be useless.e
Yes it’s true that bitcoin is helping when someone keep it on hold for a long time parents can use bitcoin for their children because in coming time education is also going to so expanse and it can help them after some time and also you can sell bitcoin when you come to know that the price is high and you can take a very good profit so I think its very important for everyone that keep some bitcoins on hold for long time and take a profit from it.Storing Bitcoin for a long time can be called a long-term investment. If you're among the middle class, you need to do this because this is a great opportunity for investment. Investing is one of the most important factors in our lives to improve our family economy. Do not worry, Bitcoin prices will always increase and in a few years it will be very high. Bitcoin prices will not go down or disappear, at least not for the near future. Start collecting Bitcoin from now on because in the future it will be even harder to collect Bitcoin.
Nope i do not think fiat will be extinct within the increase of bitcoin because wstill need document cash just to spend our expenses and need. If the whole world and banks or establishment is changing nicely in bitcoin maybe money is going to be useless.e
Yes it’s true that bitcoin is helping when someone keep it on hold for a long time parents can use bitcoin for their children because in coming time education is also going to so expanse and it can help them after some time and also you can sell bitcoin when you come to know that the price is high and you can take a very good profit so I think its very important for everyone that keep some bitcoins on hold for long time and take a profit from it. 
The benefit of saving bitcoin is the more you save your bitcoin the more valuable it would get in the future. Bitcoin value is growing over time that is why must people buy and hold their bitcoins for long time, it is because they want to make more profit at the end. Some people buy bitcoin and hold it for a week or two, some for a month or two, some for three months or six, and some people buy and hold their bitcoins for a year or more.
The essence of all these things is a profit that can be in the future as what is expected.
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.
Lucky for those who have never given up in the bitcoin market even during the time when it's not as powerful like these days. I mean imagine getting it for such as low price and storing it passively, only to see it grow so big now, and actually doing virtually nothing to gain a lot of asset or money.
The benefit of saving bitcoin is the more you save your bitcoin the more valuable it would get in the future. Bitcoin value is growing over time that is why must people buy and hold their bitcoins for long time, it is because they want to make more profit at the end. Some people buy bitcoin and hold it for a week or two, some for a month or two, some for three months or six, and some people buy and hold their bitcoins for a year or more.
Of course yes, saving bitcoin to our wallet for a long time is also good for our future because it makes profitable. This month of December the price of bitcoin get higher and higher than last month. Today the price of bitcoin can't decrease from $11000 but I don't know on the other time because bitcoin price is so volatile, it cannot be stable in one price. All of us want to check the price of bitcoin everyday to know when we hold it and to be cash out the money from bitcoin wallet. Also the importance of my own bitcoin wallet is to surely protected and it is impossible to hack of others so that they can't steal my money.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
To investment in the bitcoin people have two reason , First reason is the making money by increasing price in the bitcoin and second reason is the making money by the new coins that we made in the past ( bitcoin cash , bitcoin gold , bitcoin diamond ) .Come share your thoughts
Here another reason is also that the unemployment is increasing day by day in every country , Because the population is increasing , so to make living they are going in the every possible way of field to make money , the most interesting way of making money is looking like in the current time is the online business or work/job , so they are moving in the bitcoin field , and as usual for every newbie that first of all he will needed to start with bitcoin Because bitcoin is only the thing that is better to understand and handle and people knows more about bitcoin then to any another coin , so they recommend to buy bitcoin first , thats why the price of the bitcoin is increasing day by day and price is increasing and that is resulting into profit in the investment in the bitcoin for long time .
peoples who held your bitcoin for long time now all get turn become billionaires. And now just a small pieces from their bag should would return their profit for there investment already!So this is the year of Bitcoin and Block chain! Congrats to all HOLDER
I personally save my bitcoin in my wallet and I do it becuase I am taking the risk in increasing the value wallet as bitcoin value fluctuates. I also want to have something liquid in my bitcoin account where I can be able to withdraw it once I needed.
The current market strategy is changed the users are moving to the altcoins for buying good amount. Those who are mining for bitcoin they become very expert in the currencies. They have a good patience they hold their bitcoin for a long period of time and through this they will be successful in the future.
Saving bitcoin for a long time is very benefit. you just need to save it for some time or hold it for a few years. depends on your need
you will benefit by reselling your bitcoin at a higher price?
you will benefit by reselling your bitcoin at a higher price?
Yes we can gain a bigger profit when we hold our bitcoin for a long time like example if saved bitcoin last march then hold it up to now. Last time I check bitcoin hits 11,000 US Dollar. I think no one expects that. That only means the big profit for those who start holding that time.
Saying this seems easy, yes it is effective but not all people can do it. They cannot hold or save bitcoin since they find "saving money or bitcoin" as a hard thing to do. I do not know why I do not see any difficulties about it since I am the type of person who always save money as well as bitcoin. Maybe they hate "waiting" and has no patience. By withdrawing their bitcoin immediately the "benefit" we are talking about here is not achieved by those people.
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
Most of the time people just store their bitcoin for a long time because they are investing their bitcoin for the long term. Sometimes when you always check your bitcoin you are always tempted to use it or withdraw it because of the increase in the market cap and you'll always think that should you use it or wait for it to increase more. As you said most of it is for benefits that you got in the long term.
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