Topic: bitcoin benefit of saving for a long time? - page 46. (Read 82307 times)
The best thing about holding bitcoin is that there is no risk involved of loosing money as we have seen that price goes higher in long term so if you hold your bitcoins then it will give you sure shot profits in future but I recommend to invest some of it in trading to grow your bitcoins faster as only holding will never grow your bitcoins.
the benefit they get is a doubled advantage, those who hold bitcoin I think some people have forgotten and some are just investing , besides those who hold bitcoin are mostly rich people ,all-round life sufficiency and bitcoin in their demands just to save ,additional benefits to them help the crypto trading cycle
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
Bitcoins value is incredibly unpredictable. The reason why most of the bitcoin users store their money in their wallet for a long time is because the of the increasing value of bitcoin. Once you store a certain amount of bitcoin in your wallet, it increases it's value and you'll get a good profit though you are not exerting much effort. It is a great investment where in by just storing your money, you'll get more. It is a wise decision if you're afraid to store your money in unsecured bank or wallet.
It is even a wise decision if you are confident in banks, banks will not offer more than a few % per year, bitcoin is probably averaging about 600% per year or something ridiculous!! Holders all profit just not as much as perhaps the successful traders, but then they have far less risk so it's a balance.
Definitely bitcoin can save more money if this stay in the wallet for a longer time. Just like with other investments, the value will continuosly improve if this is being used by the people. Value circulate in the market and it does give more benefit for those who invest and keep it long term.
It does not like an investment, it is an investment. People are buying bitcoin in order to raise their money more and more. They believe in bitcoin and bitcoin is having the biggest market cap ever. Bitcoin makes people crazy even though most of them do not understand what bitcoin is and what bitcoin is capable of.Yeah people easily get panic when they see downfall in the price and start selling at lower price which is unprofitable for them and I think people should learn from their past experience and should not get panic easily and should hold their coins tight as in long term price will bounce back and that can bring good profits for them.
Definitely bitcoin can save more money if this stay in the wallet for a longer time. Just like with other investments, the value will continuosly improve if this is being used by the people. Value circulate in the market and it does give more benefit for those who invest and keep it long term.
It does not like an investment, it is an investment. People are buying bitcoin in order to raise their money more and more. They believe in bitcoin and bitcoin is having the biggest market cap ever. Bitcoin makes people crazy even though most of them do not understand what bitcoin is and what bitcoin is capable of.
I think yes may be bitcoin save for a long time if we believe it, if there's a believer there just a users and donators ,and I hope to save for a long time.
For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.
Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go upAgree! The main reason why people hold their bitcoin for a long time because they believe and have so much trust in bitcoin. Their vision is not just in short term but a longer spam of time. Like those people who bought bitcoin around 2009 they never thought that bitcoin price will reach up to $3,000 all they know is that the price will surely rise as years go by.
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
Bitcoins value is incredibly unpredictable. The reason why most of the bitcoin users store their money in their wallet for a long time is because the of the increasing value of bitcoin. Once you store a certain amount of bitcoin in your wallet, it increases it's value and you'll get a good profit though you are not exerting much effort. It is a great investment where in by just storing your money, you'll get more. It is a wise decision if you're afraid to store your money in unsecured bank or wallet.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Many people are storing their bitcoin in their wallet for a long time because the value of bitcoin is volatile which means there are still some possibilities that your current profit will rise or fall. Those people who has stored their bitcoin in their wallet for many years had surely gain benefits right now as the value of bitcoin rises. You should only hold if you think the value will still increase.Come share your thoughts
But, as we can see, month by month the price of bitcoin is always rise isn't ?
Bitcoin price is down, only if there's an event or an incident that involve something about blockchain network, or event like China in a few months ago, and whenever bitcoin price is getting down, that was our chance.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Well I think they do this because they are aiming for a certan price which may satisfy them as they wait for it. The value of bitcoin is volatile so if you really want your money to grow then you should be patient and save for a long time so that you would not end up regretting selling it right away, we all have different methods on how we make our money grow and saving is a good one indeed. Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Maybe because they think the value of bitcoin will still rise and benefit them as their profits increase too together with the pump. It does not happen all the time actually that's why you should be mindful about holding your bitcoin or not since it's not always a bountiful season. There are also times where most of your bitcoin will decrease as you keep it that's why you need to be aware. Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Many people are storing their bitcoin in their wallet for a long time because the value of bitcoin is volatile which means there are still some possibilities that your current profit will rise or fall. Those people who has stored their bitcoin in their wallet for many years had surely gain benefits right now as the value of bitcoin rises. You should only hold if you think the value will still increase.Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
You cannot totally conclude that saving bitcoin for a long time would benefit you because there are still some instances where as you wait for the price to rise, it falls more which ends up making you disappointed. I think saving for a very long time will only be applicable for those who are seeing that the value in the market is rising and there's no trouble occuring. Come share your thoughts
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
People do everything to make their money grow. They do their own techniques in order for them to grow money and one of this is saving their bitcoin for a long time. As a smart person and a risk taker you prefer or we prefer to hold our bitcoins than selling it. Why? Because yhe value of it continuosly growing. And as it grow the bitcoin you saved will also grow that causes you to earn larger amount of money. Come share your thoughts
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 reason why most of the bitcoiners hold their bitcoins for a longer time because of its value. As the time goes by, the value of it becomes larger. It increase for most twice or thrice than the original amount. When then bitcoin hold or save it will increase than what are you expecting. Thats why many people are not selling it early as of now . Come share your thoughts
Untill these days i make bitcoin as a cost savings. Whilst learning about altcoin buying and selling, i want to have good earnings from bitcoin like my friends.
Yeah you are right the bitcoin is being invested by the people who are investing and the wallets are the part of the money now I can see how the bitcoin is being use by the people now. Bitcoin has a lot of the features and the profit of the bitcoin will give you the comfortable life because the bitcoin income will give me the high value and the demand of the bitcoin will be high more and more with the time. 
Well let's face the reality that the price of BTC today is so high. We can convert if we need but saving it for a long time might also be good if and only if the price will get higher. But still there is a possibility that the price will go down.
Exactly! The way bitcoin market’s price is increasing, it is very much possible that the market price of bitcoin will increase and will reach not only up to 1000$ but even beyond that. In my opinion, there is nothing more profitable than that of holding of bitcoin. This will for sure help you in having more money with each passing second. The condition is that you need to remain patient. 
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
For me the vbenefit of bitcoin if you save it for a long time is it can make your money bigger because when the value of bitcoin increase the value of your bitcoin in your wallet will increase too. So it is also better to save your bitcoin.
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
This is quite easy to explain. The thing about bitcoin is, it is volatile. Now, being volatile has it's own advantage and disadvantage, but once used properly it could be an advantage or better yet become an investment. Due to it's price increase from time to time, people may invest on it and double or even triple the value of their money.
Unlike a mutual fund or stock that takes at least 10 years to get a profit 500%, with bitcoin then the profit 500% can we get only with a tempo not more 6 months, and if we are patient to hold the greater the profit.
Bitcoin is the fastest type of investment to give some profit to us. If you have a lot of patience to hold bitcoin for long term then it will be easier for you to make a lot of money which is better than the mutual fund or stock investments because they are the type of investment are literally for long term investment. Jump to: