bitcoin benefit of saving for a long time? - page 55.

malah

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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

holding bitcoin for a long time is beneficial but also risky if the price also goes down for a long time, but judging from the history of bitcoin prices always go up from year to year and that's what makes people interested in investment for a long time

Jembut Ireng

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Really, the profit can we get if we want to be patient, bitcoin will feel profit if we keep for a long time like 5 years, I'm sure the price of 5 years will reach at least 50k so this is a good time to invest bitcoin.

superjeyy

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Quote from: Alesis on March 11, 2017, 06:57:03 AM

Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).

I agree. The volatility of Bitcoin can be so unpredictable that is why you have to wait for the right moment to sell, trade, or even have it converted to fiat. Holding on to it for a long time may bring so much benefits. It will test your patience and decision making as to how you can take risks. The strategy involved in doing so can be compared to the usual investments that most people are into or are familiar with.

romecheo

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No doubt about the great benefits of saving Bitcoin for long time, the opportunities and earning from Bitcoin is unlimited.

People who wisely invest at Bitcoin in the earlier time are now millionaire. What we can say, for investing at Bitcoin and gain about 600% profit in just one year.

mjacer

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I am a bit frustrated that I have know bitcoin just this year only around June 2017. My friend has a friend that invested on bitcoin when the bitcoin price in php is only 8000 back in 2013. Now he is already a millionaire, has 12M PHP in his wallet. Come to think of it, if I started to invest the same time as he is, surely I am also a millionaire now. From this learning, it is worth it to save bitcoin for a long time since it grows fast week on week, month on month, year on year. Its a good investment I must say.

DPrillio

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Quote from: Ngewex Yuk on November 05, 2017, 11:36:17 PM

Quote from: gilabusuk1 on November 05, 2017, 06:28:36 PM

Quote from: cheann20 on November 05, 2017, 02:41:41 AM

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

Yes !! It is a lot of benefits for saving a bitcoin for a long time, specially for those who started in the year 2012, they have a lot of money now, because the bitcoin price is huge now, the value of one bitcoin is raise to 7k$+ imagine if you have a lot of bitcoin with your saving you now one of the millionaire in the world.

indeed someone who from the past still keep bitcoin till now become a billionaire world, not only when 2012 but in 2009 bitcoin like is not considered and now bitcoin be coveted everyone

Yes it is true, but unfortunately many users are throwing bitcoin in 2009 to 2012, they must be sorry because the price is now reaching thousands of percent, it can be repeated 10 years again, then the best way is we invest as much as possible and 10 years away the price will reach hundreds of thousands of USD.

absolutely agree!, and the only basis that we all can say that it benefits is because of the value of bitcoin that it hits almost its peak value now. But still no blame at all if you already dispose your bitcoin before this since no one expects that bitcoin value will reach too high, certainly that is the benefits of holding it on a long time for the value on before and after is to much big difference.

tyronecoinbit

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Quote from: daniel08 on November 05, 2017, 08:35:05 PM

People stored bitcoins in their wallet for a long time because they want the price go high and when its go high they can convert it to their own currency and withdraw them afterwards. Saving bitcoins is like investing , the more you save the more profit you will have in the future , because of the value of bitcoin that is not stable , sometimes the price go low , and eventually go high.

But saving is not risky than investing it. It is very safe when you simply hold it or save it in your wallet, unlike when you invest it, it is too risky and there is a high chance of losing your money. Anyway, holding bitcoin will definitely give you huge profit when you reached your target price. However, few people were holding it for a long time. Most of the time, they just hold it in a short period of time. It maybe because they need money or they're just impatient and can't wait for another years.

Avity

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The benefit of storing bitcoin in your wallet is simple. Bitcoin is still a new and growing store of value. As the Popularity and acceptance increase, the value also increases. We can all see this currently how the news affects the price of bitcoin. Over the long term, Bitcoin price could reach $10,000 or even $100,000. Think of how smart you would feel now, and how rich you would be if you invest $1,000 when the price was less than $1.

tiger2monkey

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In my opinion, even though bitcoin price fluctuate a lot (up and down), bitcoin value increases quite a lots in longer term. People may just want to hold it for long term value appreciation.

connesa

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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

bitcoin is like a good investment seriously...the more you save it the greater value will it gets.just like other gold,silver oil.bitcoin is already stable in the market so its becoming more and more profitable.i started bitcoin since 2013 and saw it frm hundreds became thousand dollars.so it is really a good a choice to keep.those who stored 1btc since then got a lot profit already by now.

Wonder_woman

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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 because they want their money to be huge and they want if to become profitable while keeping in their wallet in their coming future. That's why some of them still holding it even a years.

Ngewex Yuk

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Quote from: gilabusuk1 on November 05, 2017, 06:28:36 PM

Quote from: cheann20 on November 05, 2017, 02:41:41 AM

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

Yes !! It is a lot of benefits for saving a bitcoin for a long time, specially for those who started in the year 2012, they have a lot of money now, because the bitcoin price is huge now, the value of one bitcoin is raise to 7k$+ imagine if you have a lot of bitcoin with your saving you now one of the millionaire in the world.

indeed someone who from the past still keep bitcoin till now become a billionaire world, not only when 2012 but in 2009 bitcoin like is not considered and now bitcoin be coveted everyone

Yes it is true, but unfortunately many users are throwing bitcoin in 2009 to 2012, they must be sorry because the price is now reaching thousands of percent, it can be repeated 10 years again, then the best way is we invest as much as possible and 10 years away the price will reach hundreds of thousands of USD.

shinchan123

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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

We can simply ask the people who believed in bitcoin since day one. Back in 2009 I think it was only worth around $27 - $30. Who would have thought it would reach $5K of value today? We can simply apply the same concept. People hold on to their bitcoin with the hopes of getting a higher value in the future.

daniel08

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People stored bitcoins in their wallet for a long time because they want the price go high and when its go high they can convert it to their own currency and withdraw them afterwards. Saving bitcoins is like investing , the more you save the more profit you will have in the future , because of the value of bitcoin that is not stable , sometimes the price go low , and eventually go high.

Quesdana

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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

Yes, I think you could benefit in bitcoin if you save it in your wallet for along time because the rate of bitcoin is increasing and the bitcoin that people save in their wallet will have the same rate as the bitcoin nowadays. So for example, you stored 5 BTC in your wallet then probably you will have $36902. It's quite big already right?

Blackwhite69

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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

This is a thing that may not need to be explained back because people want to keep Bitcoin for a long time because it wants to get big profits and become rich in the future Wink

btcrich

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The people who invested in bitcoin and went for the long hold made a lot of money and in the past one year the rally is so huge that anyone who invested in it at any given moment was reaping a huge profit in a very short period of time and till this day the rally continues,which scares me as i fear that there would be a big crash coming,but it is still moving stronger and i will keep on holding for some more time,until i decide what to do with my coins.

mr_enoc

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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

They treat it as a long term investment because of the profit that they can get for btc for the long period and for any future hardfork that may come, definitely your btc can be x2 upon the hardfork event. I think it is a wise decision.

Eternu

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Actualy it is simple, people hold their Bitcoins to get profit from fluctuation of price. We all know that price of Bitcoin has been going up for quite some time now. It payed of to people who saved their Bitcoins from before this year. But I guess that holding and earning money won't be possible forever. One day price will be steady, and in that moment Bitcoin will trully become currency and not investment.

gilabusuk1

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Quote from: cheann20 on November 05, 2017, 02:41:41 AM

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

Yes !! It is a lot of benefits for saving a bitcoin for a long time, specially for those who started in the year 2012, they have a lot of money now, because the bitcoin price is huge now, the value of one bitcoin is raise to 7k$+ imagine if you have a lot of bitcoin with your saving you now one of the millionaire in the world.

indeed someone who from the past still keep bitcoin till now become a billionaire world, not only when 2012 but in 2009 bitcoin like is not considered and now bitcoin be coveted everyone

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