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.
Well, I don’t know, but most of us here are believing that the price of Bitcoin will run down after the split on November 16th (16th right? Correct me if I’m wrong) but there has already been a hard fork on October 23rd which resulted to the unstable Bitcoin Gold, but I never noticed any decrease in price, cause things are still working out pretty fine. Well, let’s wait till the next one. 
Topic: bitcoin benefit of saving for a long time? - page 61. (Read 82307 times)
The ultimate moto of everyone being here is to earn money by many means provided here. Everyone is confident that they will profit out of bitcoin either by investing or by holding the bitcoin until they find the right time to sell for good profit.
People wich were able to join and invest into bitcoin at 2016 and lef their investent into hold had made x15-x18 their investment, a few people life has changed from day to night. Savings should be considered for medium long term and with bitcoin there is no room to regret at all, into the last 3 years bitcoin went from 200 dollars to 5500 dollars and there is no such similiar investment with such results.
I think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.
“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.
if you have enough bitcoin in my opinion it's good to save bicoin for the future, because I'm sure bitcoin will be good price in the future, and the increase will be more than 100%
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 think saving it for a long time can have a negative and positive impact. The negatives could be that bitcoin prices go down dramatically and positively when bitcoin prices soar that we can profit by selling them or converting into local currency. Better if you keep long bitcoin don't be too long, afraid later bitcoin prices drop and you will regret, want to profit but even loss. But we must be sure that future bitcoin will keep increasing and hopefully there will be no price offspring on bitcoin.
“HODLING” is one of the ways people tends to make money through Bitcoin, and there is no much risk in it. While doing it, you’re already aware of the fact that the price will drop sometimes, and will also rise back to high rate.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
Well other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.
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 pretty obvious that they are waiting for bitcoin to increase then sell it on time that is the real reason it is traders technique to grow money Come share your thoughts
Bitcoin is the excellent long term investment asset.Most of the people store their bitcoin in their wallet for a long time because they know that if they will hold there coins they will surely be profited in the future as Bitcoin's demand is increasing so it's price will surely rise in future .
I agree , I am holding bitcoin for a long time now , Maybe a its almost a year since Im holding my bitcoin here in my wallet , I earned a lot by just holding this bitcoins in my wallet , Im happy That I believe too much on bitcoin and make a lot of profit in it. Today Im holding some ethereum and Im hoping it to be just like bitcoin in the future.
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.
Bitcoin is the excellent long term investment asset.Most of the people store their bitcoin in their wallet for a long time because they know that if they will hold there coins they will surely be profited in the future as Bitcoin's demand is increasing so it's price will surely rise in future .
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
So this is how it goes, you posted this topic 7 months ago, if you have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.
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
So this is how it goes, you posted this topic 7 months ago, if you have stored bitcoin by that time, you are definitely on cloud nine as to how much you gained profit. With that your questions have clearly found an answer as to what benefits you could get in storing bitcoins. One of the biggest benefit you get in storing bitcoins is that you can get a profit that banks can't give you in the span of 7 mos. that is why more and more people are attracted in cryptocurrency ecosystem not just specifically in bitcoins.
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.
People store bitcoins in their wallet as saving for future and when bitcoin price reaches higher in the market, they sell their holdings for a profit.
In my opinion, if you actually want to earn a huge amount of money by investing in bitcoin, then the best option for doing this is to invest in bitcoin for the long term. It will for sure help you earn much more money than you ever expect. The way bitcoin is increasing in term of its price with each passing day, holding is the best thing to do by the ones who are having bitcoins in their wallets. 
A year ago everyone never thought that bitcoin prices could reach $ 6000, it is also the same that no one thinks next year's price could reach $ 15,000, this proves that the rise in bitcoin prices is very drastic and does not need to wait long for profit 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
Come share your thoughts
Well other than the fact that they have saving, there no more benefits. I think they are saving it believing that in the future, bitcoin’s value will be more higher. So, why not save to invest for the future.
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
Its good to hold bitcoin for the meantime until the price is right. However, saving it for a long time maybe risky too because price varies every time. We really wouldn't know the rise and fall of bitcoin. Its better to spend part of it to realize also its benefits upon selling it or converting it to your local currency. Many may save it for along time in order to accumulate his or her goal amount. I really depends on every individual. Either way its beneficial.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Because the value of the bitcoin is changing everytime. Some people are just saving their points and coins and wait for the right time when they can maximize and have more than they originally have. Come share your thoughts
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