bitcoin benefit of saving for a long time? - page 71.

shunga

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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 store their money into their wallet to save it for along time then when they needed the money they can get it anytime they want. Saving is a good idea to every bitcoin user because they can get a large amount someday they want to get it. Sometime it double for what we think.

MMS2017

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Instead of saving money for a long time is not a good idea. Because money is devaluing in a very short time. Some people save their bitcoin in their wallet for a long time but if you have extra money you should invest your bitcoin in a secure business for example banks micro finance organization.

danjonbit

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DanJoN

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

i think a thing or two on why do people store thier bitcoin on wallets. they ,ay have a faithfull look on how the bitcoin grows in its value in the future, (i also think that way),they want a long term investment or they just dont want to go in trading and keep there bitcoin safe and claim if some profit will occur

ghost424

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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.

farhaan

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Bitcoin is mostly saved as a long term investment unlike altcoins which are mostly held on a short term basis because of its high volatility.Short term benefits could not be expected from it.Bitcoin price was $650 last year and now its price is $4,149.

Earlier most people traded altcoins and found it as a way to increase their bitcoins.They took risk to gain profits.But now,with rapid increase in price of bitcoin,they have started feeling that they could just hold bitcoins in their wallet and get huge returns without any risks.

So,just holding bitcoins and making their fortune good.

neonshium

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Quote from: Sled on September 28, 2017, 02:52:31 AM

Quote from: Kasabus on September 28, 2017, 12:50:25 AM

Quote from: MMS2017 on September 27, 2017, 11:13:19 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.

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.

If you don't want to work for 8 hours everyday then you need to build up a solid protection in financial like your emergency fund and have some insurance after building that then you need to have a capital for trading cryptocurrencies because it will become the possible replacement for your current job because it is possible to earn up to double the amount of your salary.

Day trading on contrast, need much attention to observe the market price daily and at every moment. You have to sit in front of your sofa and see the whole thing going up and down.

Long term is better, as you said well, we have a life mostly out if this business world to better is to take bitcoin one time and then save them until good price come and you sell it.

Surrapatt

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Many statements of economists assume that bitcoin is of value with characteristics that aren't different with fiat. So, have opportunity to give good advantage for us if hold for longtime. And perhaps one of the interesting factors from bitcoin is have limited supply.

balakang00

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Platform for Investing in Cryptocurrency and ICOs

People store their bitcoins because they're waiting for its value to increase so that they can have a huge profit.

d1ceplayer

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Quote from: sariz12 on September 29, 2017, 02:14:09 AM

Quote from: Cherylstar86 on March 11, 2017, 06:55:16 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

These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

Saving bitcoin for a long time is one of the best option if you buy your bitcoin in low price, theres a benifit if you saved bitcoin for a long time because we are have reason to save bitcoin and we are believe that when we are saving there are so many benefits that we are gained on it

There is no point of telling anyone who is associated with Bitcoin the benefits of holding Bitcoins for a long time. Saving the Bitcoin certainly means that you are earning more and more money with each passing second by doing nothing. You only need to remain patient while keeping Bitcoins in your wallet.

swscowods

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Quote from: MMS2017 on September 27, 2017, 11:13:19 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.

There is no other better option of making a lot of profit with minimum risk level other than holding your Bitcoins for as long as you can. You can sit calmly while keeping your Bitcoins in your wallets and you will observe that the worth of your Bitcoins is continuously increasing with each passing day.

Milo_Kidd

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Quote from: Cherylstar86 on March 11, 2017, 06:55:16 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

These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet.

Thats right, I tried that withdrawing it when its price is in higher value. But it seem like its you cant tell what and when its price is in the higher one. You cant assure. So what I did is I set a target price to trade it in the higher price. When it reach that price then I trade my bitcoin. If you have bigger income you should try to store it because I know this bitcoin will much more high in price in the future.

szpalata

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Quote from: Sled on October 02, 2017, 07:36:18 PM

Quote from: Zooplus on October 02, 2017, 07:14:34 PM

Quote from: Junko on October 02, 2017, 12:49:24 PM

The benefit of saving bitcoin for a long time is that it will be worth more (hopefully) or at least have the same value (again, hopefully) as what you bought it for. So basically, the benefits would include a store of value, investment for future profits, more buying power.

The main purpose of holding long term is to make bigger profits, the trend is upward so we can expect to increase our income
as the value continue to increase. Of course its not an easy journey as we think, there are trial along the way and we will be tested wit the
bad news and speculation that we can read.

Even there will be a lot of trials then we should become smarter to know the things that we need to do in those trials and bad news that we will encounter in the near future. If we will encounter any negative thoughts about bitcoin and it makes the price low then we should just buy more bitcoin and hold it for long term also.

Exactly because in all those trial moments it has always bounced back to defeat it's detractors. No matter how low it goes don't just panic yet because Bitcoin will always rise to the occasion and you'll not loose out.

Sled

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Quote from: Zooplus on October 02, 2017, 07:14:34 PM

Quote from: Junko on October 02, 2017, 12:49:24 PM

The benefit of saving bitcoin for a long time is that it will be worth more (hopefully) or at least have the same value (again, hopefully) as what you bought it for. So basically, the benefits would include a store of value, investment for future profits, more buying power.

The main purpose of holding long term is to make bigger profits, the trend is upward so we can expect to increase our income
as the value continue to increase. Of course its not an easy journey as we think, there are trial along the way and we will be tested wit the
bad news and speculation that we can read.

Even there will be a lot of trials then we should become smarter to know the things that we need to do in those trials and bad news that we will encounter in the near future. If we will encounter any negative thoughts about bitcoin and it makes the price low then we should just buy more bitcoin and hold it for long term also.

Zooplus

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Quote from: Junko on October 02, 2017, 12:49:24 PM

The benefit of saving bitcoin for a long time is that it will be worth more (hopefully) or at least have the same value (again, hopefully) as what you bought it for. So basically, the benefits would include a store of value, investment for future profits, more buying power.

The main purpose of holding long term is to make bigger profits, the trend is upward so we can expect to increase our income
as the value continue to increase. Of course its not an easy journey as we think, there are trial along the way and we will be tested wit the
bad news and speculation that we can read.

aeternus

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Quote from: jonatuzc on September 23, 2017, 05:33:13 AM

Quote from: Tubig on September 12, 2017, 10:06:23 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

Well, having bitcoin on my wallet is one way reminding myself that i am saving at a young age. It has a high value and having a souvenir for oneself isn't so bad at all.

I think every bitcoin holder must keep one think in mind that keep your eyes close on the market and when you realize that the price is now stable and will not grow up anymore then there is no need to hold your bitcoin in your wallet for any longer, because it may eliminate your investment due to low price in the future and if remains constant, it is then the time to sell your bitcoin and withdraw your money.

But you are only thinking in the short term, bitcoin may reach a point where it is not moving much but the overall direction of the market of bitcoin is always up so for those that want to hold for many years there is no point in stopping holding since they are going to risk losing many profits in the future.

BTCmax24

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There are some people asking, why others store their bitcoin in their wallet for a long time, whether the benefits will they get?
The only reason people store bitcoins is they using bitcoin as an investment as you can see bitcoin price is rising over time so their money is also rising over time if you buy bitcoins way back 2011 and still holding it today, your bitcoins worth is 1000x.
So, If satoshi cashes out his bitcoins he would be one of the richest person in the world.

Junko

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The benefit of saving bitcoin for a long time is that it will be worth more (hopefully) or at least have the same value (again, hopefully) as what you bought it for. So basically, the benefits would include a store of value, investment for future profits, more buying power.

Hafas Rama

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I think they store bitcoin, because they believe bitcoin prices will go up very quickly.
so they wait for the bitcoin price to fit their taste.
and for this year even bitcoin prices are fantastic so there is no harm in storing bitcoin.

Pejoh Asu

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Most new users are selling immediately when prices go up and they get a little profit, I have to tell you all that the bitcoin benefits will be felt if we keep for a long time that is at least a year. rest assured that bitcoin performance will continue to improve.

romeitaly

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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

I think people are keeping bitcoins for a long time because they are hoping and believing that bitcoin's value will grow bigger and by the time its value will be big, it is worth converting it into one's local currency and spend it wherever they want. Having patience in keeping bitcoins will be a great thing because there's a high possibility of its value to become bigger.

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