bitcoin benefit of saving for a long time? - page 50.

Anne8

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

Before buying they have been realyzed that bitcoin can make profit for long term.
By doing nothing just by saving profit will come.

Cotton Candy

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

Ypu know bitcoins are considered as a very successful mode of investment no matter how long it will take but the longer it is the higher value you can get. Especially if you had invested on bitcoins way back then you must hold your bitcoins upto now and if you do you must have a lot of money today because bitcoins value reach $8000. And that is the benefits that bitcoins can give to us if you hold them for a long time. The value of your holdings also increases as the value of bitcoins increases.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

I think people save their bitcoin for the long time because they wait that the value of bitcoin will increase. Some of my friends save their bitcoin on their wallet to make their money bigger because when the value of bitcoin increasing your money will increase so that is the benefit that I know. I don't think so about the other people.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

People stock their bitcoin in their wallet because it can increase when the value of bitcoin is become high and they convert it to other currency or they can sell it to other buyer of bitcoin. It is good to stock bitcoin in the wallet because if you didnt have money or you are in stage of financial problem, you can get easily have a backup option . You didnt need to loan in the bank when you have saving in bitcoin.

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Bitcoin benefit saving for a long time you must look at the price value of it gradually increases.Maybe one day it would be as high as we all know.

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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

We can get many benefits to the bitcoin if save it in a long time. If you will observe the graph of the value the bitcoin, you will see how the value of the bitcoin increased in the past years.

prtty2gal2

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Quote from: supine on November 11, 2017, 08:35:16 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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 thing about bitcoin is it's value consistently changes from time to time, thereby making it a good investment. The same with buying a property, when you wait for quite some time, eventually the value gets high.

Not only you brother, like you have said, there are hundreds and thousands of people who want bitcoin to stay for a longer time. And this will happen. You will be seeing this right after 5-10 years as legal currency in many countries. And in mid of this century, bitcoin will be influenced in all countries of world and making the whole economical world as global village.

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Quote from: pieppiep on November 13, 2017, 03:57:53 PM

I started my journey with bitcoins in the year 2015 and since then I am holding majority of my coins and no doubt whenever I was in need of money I sold some of them at higher price but I made sure that I should have some coins for the future to earn higher profits on my investments as buying and selling has always been a part of me and I never miss an opportunity of making profits but if you want to make best profits then saving bitcoins longer is the key.

It brings a lot of profits and can help people get rich easily. But you just have to be careful and know the right time for you to make your investment. Some people who makes mistake, it’s likely to take them like two or three years to regain what they lost. I know a sick guy who had no money to treat himself and decided to borrow some money.

After he borrowed the money, instead of using it to treat himself, he used to invest on Bitcoin and made a profit of $300,000 which is something I never made before.

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Quote from: BCTBF on November 20, 2017, 12:20:24 AM

Yeah of course, you can benefit greatly if you can keep bitcoin for a long time. You can see bitcoin prices are now touching at $8k and if you've been saving bitcoin from a long time, then now you can get an abundance of benefits.

Good profit was made bu many even from those who entered when price was 4k for bitcoin. How everyone predict that price will go over 10k so who ever bought bitcoin let say in january this year image how big profit that person have.

Saving is good for bitcoin cuz there are no indicators that price will rapidly fall down much just for the small gap for correction and again price is going high.
From some point its never to late to buy some bitcoin cuz price is going just up.

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Quote from: Cherylstar86 on March 11, 2017, 05:55:16 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

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.

you can make bitcoin as a saving,you can keep it until the price is higher

BCTBF

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Yeah of course, you can benefit greatly if you can keep bitcoin for a long time. You can see bitcoin prices are now touching at $8k and if you've been saving bitcoin from a long time, then now you can get an abundance of benefits.

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Quote from: reynilynedago on November 12, 2017, 02:36:43 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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

Ofcourse its a yes of you save your bitcoins now i think after a 2-3 years it will double or triple because the bitcoin is increasing so no doubt that maybe you'll become rich someday.

Exactly! There is no point of denying this fact that you are going to have much more money than you ever think of if you are going to hold your bitcoins and that too for quite a long period of time. Holding actually means that you are going to have more money with each passing moments. Moreover, holding will also help you in having some other full time job as well for better living.

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Quote from: darewaller on November 18, 2017, 01:44:04 AM

Quote from: ?? on ??

To date, I have seen couple of those who have been disappointed in keeping Bitcoin for a long time. But this isn't an easy task... right now Bitcoin is more stable, but years back, unpredictability was insane.

I know a friend who invested in the old days, back in 2012, but due to price fall, he decided to abandon everything and quit from bitcoin leaving even his money in it. He traveled to another state and we never met for a long time till recently when price was around $4980+, I told him price was up to a high rate.

He was insane, and immediately installed a Coinbase mobile wallet and checked his account and the money he invested has already amount to something big. A lucky guy.

There are many advantages of sparing bitcoins however one of the great advantage is having increasingly benefit by continue sparing Bitcoin when you have spared Bitcoin for the long the your bitcoins would have earned much benefit at you in light of the fact that the costs of Bitcoin is expanding quickly so in the event that you continue sparing bitcoins after some time it would have earned much benefit.

darewaller

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Quote from: ?? on ??

To date, I have seen couple of those who have been disappointed in keeping Bitcoin for a long time. But this isn't an easy task... right now Bitcoin is more stable, but years back, unpredictability was insane.

I know a friend who invested in the old days, back in 2012, but due to price fall, he decided to abandon everything and quit from bitcoin leaving even his money in it. He traveled to another state and we never met for a long time till recently when price was around $4980+, I told him price was up to a high rate.

He was insane, and immediately installed a Coinbase mobile wallet and checked his account and the money he invested has already amount to something big. A lucky guy.

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Quote from: Ingoats on November 17, 2017, 12:40:46 AM

Quote from: CROYA86 on March 11, 2017, 05:10:16 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 answer is simple. Those who are holding their Bitcoin for a long period of time are wanting to earn huge profit in the future. Bitcoin's market value is continuously increasing as time is passing by. As it is increasing, the profit also becomes bigger. It is already proven by those who invested 4 years before that its market value is below a thousand of dollar and at this moment, it is now priced at 8000USD and surely their profit is now already big.

I agree with your opinion. Because by just storing it alone someone will get many benefits. and at other times bitcoin will reach $ 10,000 and many people will become rich just by saving bitcoin for a long time

Ingoats

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Quote from: CROYA86 on March 11, 2017, 05:10:16 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 answer is simple. Those who are holding their Bitcoin for a long period of time are wanting to earn huge profit in the future. Bitcoin's market value is continuously increasing as time is passing by. As it is increasing, the profit also becomes bigger. It is already proven by those who invested 4 years before that its market value is below a thousand of dollar and at this moment, it is now priced at 8000USD and surely their profit is now already big.

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Quote from: Sled on November 16, 2017, 09:11:56 AM

Quote from: HatakeKakashi on November 16, 2017, 06:37:46 AM

Quote from: Kadal Ijo on November 14, 2017, 03:05:24 AM

I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.

Saving bitcoin for a longtime is good because they have possible the price decrease. Lets back last few years ago the price is very low and if you hold bitcoin for few years you will earn profit. So holding or saving bitcoin for longterm is worthy or they can get big profit because of bitcoin. More bitcoin that you have more money to come with you.

I think that you putted a wrong word there, you putted 'decrease' instead of "increase". The bitcoin is very good for long term because of the continuous amount of gains in price that make the market healthier than before. With the progress of bitcoin, it already made a lot of rich person in the world of bitcoin because of their patience and faith in bitcoin that really pays off.

Yes you are right because when you buy bitcoin now and hold them for a long time then the price after long time will be most probably increased from the present rate then when you can sale your bitcoin and can make a huge profit through following this way.

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Quote from: HatakeKakashi on November 16, 2017, 06:37:46 AM

Quote from: Kadal Ijo on November 14, 2017, 03:05:24 AM

I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.

Saving bitcoin for a longtime is good because they have possible the price decrease. Lets back last few years ago the price is very low and if you hold bitcoin for few years you will earn profit. So holding or saving bitcoin for longterm is worthy or they can get big profit because of bitcoin. More bitcoin that you have more money to come with you.

I think that you putted a wrong word there, you putted 'decrease' instead of "increase". The bitcoin is very good for long term because of the continuous amount of gains in price that make the market healthier than before. With the progress of bitcoin, it already made a lot of rich person in the world of bitcoin because of their patience and faith in bitcoin that really pays off.

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Quote from: Kadal Ijo on November 14, 2017, 03:05:24 AM

I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.

Saving bitcoin for a longtime is good because they have possible the price decrease. Lets back last few years ago the price is very low and if you hold bitcoin for few years you will earn profit. So holding or saving bitcoin for longterm is worthy or they can get big profit because of bitcoin. More bitcoin that you have more money to come with you.

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Quote from: ZedMain on November 16, 2017, 05:33:28 AM

Quote from: Fulmand on November 16, 2017, 05:04:17 AM

Quote from: Paycoinzzz on November 16, 2017, 04:57:48 AM

Quote from: marseille on November 15, 2017, 03:06:11 PM

Quote from: Blitzboy on November 15, 2017, 02:40:28 PM

Quote from: Kadal Ijo on November 14, 2017, 03:05:24 AM

I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.

WEll, I believe that investing your money in Ethereum will give you a better amount of money here. Bitcoin can not easily increase 100% anymore. But ethereum can easily x3 of its own price. Look at the current price and you can see the potential inside Ethereum. Moreover, bitcoin is soon becoming a form of investment and it will have no use in the future but to become a online property

Bitcoin is already an investment for majority of people and now they are not willing to use it as a currency which they were spending in the past and now the main intention of people is to save their bitcoins for a long term to make huge profits from it but the fact is that if you want to make best profits from bitcoins then you need to hold it for a very long term and on the other hand ethereum can give you best profits in quick time.

You are wrong, I do not think Ethereum can gives you good profits than Bitcoin in past days.
The price of Bitcoin has increased again from $5,500 to $7,000 within one week.
While Ethereum just keeps its value around $300. Wink

People who hold bitcoin for a longer time let's say for example those who saved bitcoin since 2015 are now enjoying its benefits because since then the price has jumped off more than triple of its price before. it is better to save bitcoin for now because in the coming days it will surely increase and the price will surely satisfy your financial needs.

I agree with you i have a friend who bought it in 2016 in December for something like 800 dollars each but he did not expect it to reach this big after a year and now he is very happy that he bought i regret my choice that i did not buy it but it is never too late to start with bitcoins.

Wow i feel bad for not trusting bitcoin earlier because if i had bought it for that price i would be so rich by now but i am glad that i am still not too late with bitcoin because it is something that i still want to focus on in my future.

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