Topic: bitcoin benefit of saving for a long time? - page 65. (Read 82331 times)
I think it's admirable that there are some people who bought BTC back in 2009-10-11 and still keep their bitcon without even having spend a single one up to this day. You've all seen the wallets with only "in" transactions which if you come to think of it, is quite insane. BTC has been through so much growth, and these wallet keepers have shown so much courage in keeping the coins and not giving up on the idea of a decentralized currency. They are one of the reasons why BTC is doing so well lately. Imagine having made a million back in 2013 by having BTC, and still keeping it in your wallet, and now reaching a fortune of hundreds of millions of dollar, and still not blinking (selling any of your holdings). You can tell that these people are not greedy or are not after the money because if they were, they would have already withdrawn most of their holdings. What they do is believing in the idea behind BTC which is a decentralized economy for everyone.
So many people are interested in bitcoin now, but the amount of bitcoin is limited. This condition makes the price of bitcoin keep rise. Thats why saving bitcoin in long term is profitable.
Prior to when i was beginning in this BTC group, my colleagues informed me to conserve some BTC and I failed to understand what for. I am just conserving it for no purpose since i never evidently comprehend what is the goal of it, and then suddenly i started to comprehend tiny by tiny that i obtained rewards from saving as properly.
Saving is always an good habit either in fiat or in bitcoin but the fact is if you save bitcoins for very long time then you will get best results in long term as the price of bitcoin keeps on appreciating which is not possible with fiat and if you have saved your bitcoins from year or a two you will understand the importance of saving and in future your holding value keeps on increasing depending on the price of bitcoins.
Its an easy answer. Saving and hope that bitcoin will rise more at the future. That profit you gain will be use for the investments you are planning to have for a long time.
I think if we save Bitcoin for a long time there is a chance of its fluctuated nature. So if we invest bitcoin instead of saving this will good. If we are risk taking personality we should save it for a long time in wallets. There are so many reasons to save it for a long time if we have huge amount of bitcoin and its price goes up there is a chances of growth in profits.
Long term savings is always advisable for majority as only few are really good into monitoring the price and do the right timing. Most of us has life outside crypto like we have a day job where we need to bust our asses 8 hours a day and when in trading we need to concentrate.
I think if we save Bitcoin for a long time there is a chance of its fluctuated nature. So if we invest bitcoin instead of saving this will good. If we are risk taking personality we should save it for a long time in wallets. There are so many reasons to save it for a long time if we have huge amount of bitcoin and its price goes up there is a chances of growth in profits.
Bit coin is the most valuable digital currency of the world in this day and so is the profit because of the very high price. My decision is to keep bitcoin in all conditions because I think that bitcoin is a digital coin business and I will quit this business because quitting means stopping your earnings and benefits. Therefore I suggest to everyone to hold their bitcoin for long time and earn more profit. 
The advantage of storing bitcoin for a long time is that you are very likely and have the opportunity to earn huge profits, because bitcoin prices tend to increase every year, it certainly will make a big profit if you are able to store bitcoin for a long time and keep you is bogged down with negative news about bitcoin, because it will make the bitcoin price fall, but if you're not preoccupied with it and keep it, you will definitely get a huge profit.
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
Just imagine if you were able to buy a lot of bitcoin when it first started, you could've been sitting in millions of dollars today. Bitcoin started with just less than a dollar, and imagine how much it costs now. So, I really think that saving bitcoin while it is still affordable would be the best investment you could make in your entire life.
As Bitcoin is volatile in nature so its price keeps on fluctuating. Sometimes the price is too high and somtimes the price is too low. But the key to earn high profits is HOLDING your bitcoin's. Some people sell there bitcoin when there is a drop in the price and they mostly face loss rather than profits. But the people who hold there bitcoin's always earn huge profits.The amount of profit we will get by investing in Bitcoin depends upon the time for which we invest.The longer we will hold our Bitcoin's ,the more we will be profited. Bitcoin has a bright and positive future so saving for longtime will surely provide us great benefits.
Sure saving into crypto has allowed a few people to have amazing results, not all altcoins did reached sucess on the last years, but well bitcoin is the most powerfull and wich huge potencial to keep growing into above values. I do see the savings as a no risk way to get money, like bank savings stored for 3-10 years without use it, for other side i do believe those people does loose some good opportunities to get extra bitcoins since all weeks there is a pump into some altcoins...as well amazing and good coins reaching the market.
Yes really, bitcoin is very profitable if we want to be patient not to sell in the near future, for example is for a year bitcoin prices have risen more than 400%, and if we invest now it will likely be able to repeat again in the next year.
The most logical thing to do is to save/hodl it for a long time since bitcoin is deflationary and will increase in price in due time but it is probably a case by case situation. Say, a person might cash out his coins if he really needed the money or spend it on gambling sites or just needed the money to start another business.
If you compare saving your money in banks and saving it in bitcoin then there is a huge difference. Savings in bitcoin can have a nice return especially if you save it for the long time because you may already have multiply your money many times whereas when you save your money in bank then your money would have lesser value because of inflation and tax as well that is charge against your interest. I consider saving bitcoin as long as it is profitable because there are so many people who are positive about the price going up and because it is not yet in mass adoption, there is still a room for it to increase much higher because also of the limited supply and strong demand.
There are times when I need to cash out because of some unavoidable expenses but most of the time I would just save my bitcoin earnings as investment for it to grow in value and still accumulating as much as I can because there is still a lot of opportunities especially in this forum with signature and bounty campaigns.
Just like people put money into fixed deposit in bank to yield interest, bitcoin has become the new and easiest way to make passive income. take for example you bought 5 BTC in 2012 and kept it in your wallet till today. do you realize how much money you will be having today. so it is always good to save for raining days. not only bitcoin but other coin. nobody know what will happen next year, maybe ETH will be hitting 5000 USD 
. if that happen then i will be millionaire
. if that happen then i will be millionaire The most logical thing to do is to save/hodl it for a long time since bitcoin is deflationary and will increase in price in due time but it is probably a case by case situation. Say, a person might cash out his coins if he really needed the money or spend it on gambling sites or just needed the money to start another business.
If you compare saving your money in banks and saving it in bitcoin then there is a huge difference. Savings in bitcoin can have a nice return especially if you save it for the long time because you may already have multiply your money many times whereas when you save your money in bank then your money would have lesser value because of inflation and tax as well that is charge against your interest. I consider saving bitcoin as long as it is profitable because there are so many people who are positive about the price going up and because it is not yet in mass adoption, there is still a room for it to increase much higher because also of the limited supply and strong demand.
There are times when I need to cash out because of some unavoidable expenses but most of the time I would just save my bitcoin earnings as investment for it to grow in value and still accumulating as much as I can because there is still a lot of opportunities especially in this forum with signature and bounty campaigns.
yes there are a lot of benefits of saving and holding them for long time. I just here mention those people who have trust on bitcoin and hold their coins for longer enough to get huge profit, i am talking about those who buy bitcoin nearly 1 or 2 year ago and sold them these days.
Mainly because of profit which it brings. For sure trading could give them higher earning but it is simultaneously much harder and you need to pay attention + spend you time. Long time investment are more comfortable, you only buy crypoto and hide somewhere for few months/years. Then sell and repeat doings.
I disagree with you. We cannot always guarantee the price hike of the coins and even for bitcoin. I am willing to make a long time investment but unlike you I wouldn't just depend for the volatility of the coins in going higher and higher so that I may earn profit. Trading is still much better for me since I can control whether of I am going to earn or not. Another thing is that while waiting for the profit in my investment, I prefer earning bitcoin at the same time.
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 many people are holding and storing their bitcoin is because they will earn many money in the future. I also storing my bitcoins because I believe that I can become successful person in the future.Come share your thoughts
Usually bitcoin would benefit when held in long term basis.Only altcoin investments are made in short term basis.People who have been in the crypto market from the beginning know clearly about bitcoin's potential,its previous price movements,its immediate price recovery from downfall.They are not like newbies who just get panic on seeing even a small price drop and sell off their bitcoins.They know about bitcoin,they hold bitcoins and they benefit huge from 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
I think people tend to store bitcoin maybe because if it feature of being volatile in nature in the possibility for you to have the double amount of profit that you have gain is high due to the fact that bitcoin doesn't decrease people but strong enormous count of forum user who strive to earn here. The benefit of strong bitcoin for a long time is the the more you store the more chances of gaining higher profit.
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 hold their bitcoins for long time because they want to make their savings more profitable and if they think that it's hign enougn to sell, they only sell it into higher price than the price before they put their savings in their wallets.Come share your thoughts
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