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Topic: bitcoin benefit of saving for a long time? - page 60. (Read 82331 times)

member
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In my opinion it'll benefit you if you start saving bitcoins early because it can give you lots of profits because of bitcoins high price and volatile value in the market. But be aware that not all time you can gain from it because we all know that bitcoin has risk in terms of trading. But saving it for a couple of years will give you tons of profit.
sr. member
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yeah there are so many things that will happen if they just save bitcoin in a long time, just think that it is for your own future right Smiley bitcoin has the biggest potential in increasing its own price in the cryptoworld. for sure it will be worth it.
Saving bitcoin for long gives opportunity to every investors to gain more profit. They are just strong and never afraid on every dumps that they can lost what they already gain and wait until the price pumps  again more higher than before. It's benefit to save a lot for the future.
full member
Activity: 364
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

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There's a lot of reasons why people store their bitcoins for a long time in their wallets because sometimes bitcoin's price  would increase and so would your bitcoins and storing your bitcoins helps you to save more money for your future purposes. In traders, they would really hold their bitcoins and will wait for bitcoins price to increase bedore they sell it.
hero member
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yeah there are so many things that will happen if they just save bitcoin in a long time, just think that it is for your own future right Smiley bitcoin has the biggest potential in increasing its own price in the cryptoworld. for sure it will be worth it.

If you want to get a bigger profit, you just have to hold bitcoin and wait for years before selling it. Don't be like me that gets panicked when the price is getting down, I learned my lesson and base on my experience people that are more patient will be earning more if you'll just keep on holding your bitcoin. Wait for the right time to sell bitcoin and focus with your long term goals on it.
full member
Activity: 952
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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 doesn't need to be clarified again, that people are putting lots of bitcoins and putting in their wallets for a mere profit.
Expecting more than doubled investment returns Smiley
It all depends on the owner of bitcoin. If he is comfortable in keeping bitcoin in his wallet for quite a long period of time, then he should go for holding of bitcoin. In my opinion, there is nothing more profitable than holding your bitcoins and that too for quite a long period of time. This will help you earn a very good amount of money as the market price of bitcoin will definitely go up and will help you earn more money.
Yes, it is depend on the owner what to do in their bitcoin. For them to get more profit, save and hold bitcoin and do not fear with all the dumps. If there's  nothing important to spend money, it is better not to get it and change in local currency but it is too risky to save all money in bitcoin so better keep it with high security.
full member
Activity: 532
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Bitcoin benefits of saving for a long time is to earn good profits. Because the longer the greater profits that we get. Bitcoin value will rise over and it has a potential and use it for the future purposes. I believe bitcoin price is increasing and if we have savings for a long time its possible that our money will grow. The benefits of bitcoin for saving a long time its possible you can receive good returns at increased prices on you investment as time elapses.
newbie
Activity: 42
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If you look at the historical performance of bitcoin, even the last few years, we have seen how clearly it has been able to outperform most other investments out there. If that is not good enough reason to hold bitcoin for a long time, then I don’t know what is. As with any other form of investment, there will be volatility and risks involved but as long as the price keeps its long term growth intact, I will keep a portion of my bitcoin stored.
full member
Activity: 378
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
The point is that's aims to gain more profit when selling it, and they may have been steadily predicting that bitcoin price movements will leads to even more higher price movements. And I think indeed this really can guarantee a promising advantage, has been proven seen that bitcoin price continue to moving higher than before (previous years).
But in the history, you also knew the price of Bitcoin has dumped to lowest price after reached all time high price in 2013. You should to be ready this situation, because the price of Bitcoin can also dumps to low price again like 2013. The history can repeat anytime, we do not know when it happen?
full member
Activity: 490
Merit: 100
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 doesn't need to be clarified again, that people are putting lots of bitcoins and putting in their wallets for a mere profit.
Expecting more than doubled investment returns Smiley
It all depends on the owner of bitcoin. If he is comfortable in keeping bitcoin in his wallet for quite a long period of time, then he should go for holding of bitcoin. In my opinion, there is nothing more profitable than holding your bitcoins and that too for quite a long period of time. This will help you earn a very good amount of money as the market price of bitcoin will definitely go up and will help you earn more money.
sr. member
Activity: 924
Merit: 255
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
The point is that's aims to gain more profit when selling it, and they may have been steadily predicting that bitcoin price movements will leads to even more higher price movements. And I think indeed this really can guarantee a promising advantage, has been proven seen that bitcoin price continue to moving higher than before (previous years).
full member
Activity: 322
Merit: 100
yeah there are so many things that will happen if they just save bitcoin in a long time, just think that it is for your own future right Smiley bitcoin has the biggest potential in increasing its own price in the cryptoworld. for sure it will be worth it.
member
Activity: 126
Merit: 11
One of a kind
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 will benefit you bigtime if you have stored your bitcoin for a long time, say for example if you have stored some bitcoins  last year and have a thought of looking at it only by this time, then you'll be surprise on how much it profits. As of now bitcoin value has already raised to $5000+ and that is no joke if you have stored a bitcoin for a long time and also we can say that this is the year for bitcoin.
full member
Activity: 378
Merit: 100
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 the benefit of it when they store is when the value of bitcoin increase so their savings also increasing in their wallet.So it is possible that their money will be double or if lucky it will triple.
hero member
Activity: 1190
Merit: 541
Looks like, Ya. Because, there are some of my friends hold bitcoin since 2 years ago and just sell it now. They get tremendous profits, even there is one friend who can buy a house from his patience hold bitcoin. Good achievement for bitcoin holder in my opinion.
Yes holding bitcoin for long time will give a lot of profit and I am just thinking of those who bought it at 60$ and now it is at 6k they are in party mood now and bitcoin is the best option for those who want to secure their future by this way they can investor saving into it and keep on investing and when after some year they take their money out they were a sort of millionaire at that time, so make future secure.
I would have cursed myself many times when I think of the time when bitcoin was only $0.04 back then in 2010 and now see the prices. They are like just crossing moon now comparatively. You are absolutely right, all those peeps who have bought bitcoin, and not one buy minimum 6-7 bitcoin back then. It is the time of party for them and they are enjoying their lives in best way.
sr. member
Activity: 756
Merit: 252
I think the only reason they are saving bitcoin is because of a high return of investment. They buy bitcoin and hold it for a long time because they believe that the price of bitcoin after a year or two will increase which is a good strategy.
Saving bitcoin will get a big profit in the future. I buy some bitcoins when they were 400 usd but now they nearly get 10.000 usd. So i belive in kepping bitcoin is the best way for investment and profit growth

Yup even I bought when the price of bitcoins was around $300 2 years back and I am still saving those coins in my wallet and if I sell them now then I will be making huge profits but I believe that price can go much higher in coming months and that would be the best time to sell bitcoins.
You can obtain great profits now if you sell, but the profits that you can get if you keep holding are going to be a lot greater, that is why not many people are not selling even at these prices, I know that I'm not going to sell either, I’m waiting for the price of bitcoin to reach 60k.
full member
Activity: 226
Merit: 103
If we calculate then the beginning of the year bitcoin price $ 900 and now reaches $ 5500 or up more than 600%, if a year we get 600% profit then if we keep at least 5 years it will reach thousands of percent.


Indeed bitcoin benefits saving for a long time. I do believe that in the future bicoin's value will still increase. So, there's a possibility that a person's savings could be doubled or tripled. Therefore, saving bitcoin is a really good thing.
full member
Activity: 135
Merit: 100
They save bitcoin in their wallet so when the time bitcoin price get higher in the market the money they saved with move to higher value.
full member
Activity: 1162
Merit: 106
yes true, bitcoin will feel the benefits or profit when we keep for a long time, for example is when 9 years ago hariaapga bitcoin only $ 1, but now reaches $ 5900.
full member
Activity: 448
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Its basically the same as saving a real money however the return rate of btc is much higher that tmthe bank can offer. Therefore it is much profitable saving bitcoins in the long term
member
Activity: 75
Merit: 10
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 only benefit I can think of for this kind of act is savings and hope that bitcoin's value will gradually increase once again in the future. Nothing can be lost if just keep them in our wallet. Who knows? Maybe someday you might find a good reason to spend it.
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