bitcoin benefit of saving for a long time? - page 70.

nizamcc

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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?

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Bitcoin was introduced as a store of value and according to me, value was meant for its real-time valuation whether fiat or something else. I know few persons who bought bitcoins when it was not even a buck and they are still not selling it just because they have higher targets, even more than Satoshi Nakamoto's dream. Holding is good because businesses and such asset class are run this way. Think what would it be if those super-strong hands would have sold to few dumb profit-making machines, bitcoin would never have reached out to 5k that way.

lazaruseffect11

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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

Those people who store their bitcoin in their wallet are those people who wait for the price of the bitcoin to go higher. They buy a lot of bitcoin and just wait for the perfect moment to sell it and thats how they gain their profit. But before doing that king of thing, you should be knowledgable enough and also knows how to monitor the price of bitcoin since it has an unstable price.

drachman

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Quote from: MMS2017 on September 27, 2017, 10:13:19 PM

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.

We cannot avoid bitcoin volatility but the longer we hold the better for us, do you think that somebody that invested in bitcoin when the price was 500 dollars cares that bitcoin goes back to 2500 of course not he is still in profits and may even take the opportunity to buy even more bitcoin.

BZache

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yes, it's good that we have bitcoin hiding but for ordinary person would rather use it especially when the value is higher than the price they bought.

Chienna

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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 they store in their wallet because sometimes the rate of bitcoin is rosong so they took the oppurtunity to make their money bigger. Also, they store for saving, instead they convert it in their local currency its better to store to sace more. Also, it helps in case of emergencies.

georgiyfo

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Bitcoins advantage of preserving it for a lengthy time?Nicely, it has higher odds of multiplying its benefit when saved for a lengthier time period of time. Investors alike would consider that it is far better to gamble with the cash they have than go away it not earning at all. This circumstance presupposes that the economic ability of buyers are in tact.Â

PacePay

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Quote from: ghost424 on October 05, 2017, 01:31:46 AM

There are advantages in saving bitcoin for a long time. If you start saving bitcoin from now, you can invest it for future use. The value of bitcoin is constantly fluctuating but you need to believe that its price will go higher. Managing bitcoin and earning bitcoin will take a lot of time but in the end it will be worth it.

Holding of bitcoin for a long time certainly means that you are going to have much more as compared to what you have now. You only need to have patience in yourself and you need to believe this bitcoin. If we see the past graph of market price of bitcoin, we’ll get to know that the market price of bitcoin has increased tremendously. So, I believe saving of bitcoin to be the best thing.

rayneh

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Quote from: ghost424 on October 05, 2017, 01:31:46 AM

There are advantages in saving bitcoin for a long time. If you start saving bitcoin from now, you can invest it for future use. The value of bitcoin is constantly fluctuating but you need to believe that its price will go higher. Managing bitcoin and earning bitcoin will take a lot of time but in the end it will be worth it.

There are too many people who saving bitcoin for a better future and they need a better investment in bitcoin they know bitcoin become in future are so high price the investor are too happy for this invest.

Walked_by

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Quote from: Surrapatt on October 05, 2017, 12:56:50 PM

Peoples holding btc some time before, has got significant profits over his investment in btc. Hope with investment i am doing now, in next few years i can have alot money from holding up btc.

saving bitcoin for a long time has much benefits than using it if you use your bitcoins than you will lose it but if you save it for long time than the prices are going higher therefore you will be a future rich person.

Surrapatt

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Peoples holding btc some time before, has got significant profits over his investment in btc. Hope with investment i am doing now, in next few years i can have alot money from holding up btc.

phr0stbyt3

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There is only benefits i wouldn't know anyone who bought bitcoin a year ago and sold at a loss the main point here is in order to get the benefit of the long run you need not sell in the middle no matter how bad the price is or how badly it lost it's price in the present buy and hold for a year you will see the benefit

TheNostradamus

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Yes my friend made a lot of money from this when he saved for 3 years he selled everything last week because he needed the money and now he has a lot he used it all for his wedding ad still has $80k left after the wedding he wants to buy a car with it and maybe start his own shop.

shalnark

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Quote from: BrockHunter on October 05, 2017, 04:45:08 AM

For me as I would like to think, individuals spare bitcoin in their wallet for them to spare their cash in the meantime they pick up benefits on putting or putting away their cash into wallet. Since really I, myself, truly do a similar path because of I trust that the cost of bitcoin will develop more than what we have now and without a doubt everybody that stores their cash accept on that same way.

As should be obvious the individuals who store coin in 2014 is without a doubt a millionare at this point. That is the manner by which justified, despite all the trouble to store.

Long term deposit was give you an assurance of income, because savings was always increase when day past. Moreover, bitcoin value now in the market was continues increasing so no doubt that holding bitcoin in wallet was give you a surely income.

julzcoinbit

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For me, saving it for a long time is too risky as we don't really know if the price would still keep on increasing or keep on decreasing. I guess you need to set a target price when would you like to sell it. If it hits your target within this year, then sell it right away. Why would you wait for another year if it already reaches your target? You have to be wise in holding your money.

Pivo

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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

Of cpurse they know that Bitcoin will gain more value in the long run hence it would surely benefit them and profit a lot if they just store it in their wallet but we ahould remember the purpose as why Satoshi Nakamoto made Bitcoin. It is to have another mode of payment without the need of third party. We need to circulate Bitcoin so it will be well distributed and the market to work.

BrockHunter

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For me as I would like to think, individuals spare bitcoin in their wallet for them to spare their cash in the meantime they pick up benefits on putting or putting away their cash into wallet. Since really I, myself, truly do a similar path because of I trust that the cost of bitcoin will develop more than what we have now and without a doubt everybody that stores their cash accept on that same way.

As should be obvious the individuals who store coin in 2014 is without a doubt a millionare at this point. That is the manner by which justified, despite all the trouble to store.

Umigokath

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Since bitcoin is great venture, on the off chance that they keep bitcoin they will get some time or another a decent benefit and great esteem. Best for the future if need of cash. It is protected to spare a bitcoin that is the reason many individuals put something aside for quite a while. Reserve funds for quite a while is a speculation, you don't have to stress the vital is you claim it and it causes you part. Reserve funds a bitcoin is great since it is conceivable the cost is turned out to be high.

nicolebtccrypto

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Quote from: Evansloin on October 05, 2017, 04:04:15 AM

Truly we will have our own particular benifits when we continue holding into our bitcoins simply consider it yesterday bitcoins hits 2500$ nobody expect that bitcoin will hit that sum starting today. Attempt to keep some bitcoins and you'll see the benifit of it some time or another when the expanding estimation of it is unstopable.

The benefits is real and most of traders were believing that after the current bitcoin price this year this $4k will even hit at $8k next year of even much higher. That's because of the people's demand regarding the actual scenario of the price changes every day.

Patrikson

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My friend saved it when bitcoin was still worth $120 dollar and he selled it this week at a price of $4200 dollar for each bitcoin that is a very big profit and now he has his own house he just bought a car and he is happier than ever.

Evansloin

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Truly we will have our own particular benifits when we continue holding into our bitcoins simply consider it yesterday bitcoins hits 2500$ nobody expect that bitcoin will hit that sum starting today. Attempt to keep some bitcoins and you'll see the benifit of it some time or another when the expanding estimation of it is unstopable.

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