bitcoin benefit of saving for a long time? - page 74.

CornHub

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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

They will benefit with that. because, in that way their bitcoin and the price of it will surely increase as time passes by. Because bitcoin have a limited supply so I think that is profitable.

Disputin

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The way I see it, if BTC continues to rise in value, being essentially deflationary in nature, then the ROI taken in a long-term view, such as 20-30 year view, seems more sustainable and more profitable then even many modern blue-chip stocks. Having your money diversified is key here. I'm against BTC fanatics idea that BTC is the end all, be all. You will hear individuals claiming that BTC will be the world-wide currency, that it's value will sky-rocket, etc. They promote their own ideologies in what they see in BTC, a de-centralized, unregulated cheap currency based on cooperation and cryptography. It is a beautiful thing, but I believe it is wiser to broaden your investments. Anything catastrophic could happen in the BTC market, and small decisions by a relatively small number of people could end up wiping out a significant portion of individuals' BTC's. The same concept applies to the stock market, real estate, precious metals, etc. They're all volatile, and mired in human error and unpredictability. Crypto smart, just don't bank your whole portfolio on it.

ApocalypseNow

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Bitcoin's benefit is very exceptional compared to other investments out there. Let's say you bought 1 btc today for $4000-4500 and just wait one year and expect your investment to be double or it could be more than that. If your'e planning to save it for a long time then you'll have a bright future ahead of you.

Siren

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Quote from: Konthol Ngaceng on September 24, 2017, 09:29:26 PM

That's the thing that many people do not know, when they get a little profit then they immediately sell and buy again and so on, but with an easier way we can get a profit that we keep for a long time (at least 3 years).

But you have to think as well that those who wants to get profit can't be blame. Most traders have exit points as well. So if they see that the price goes to $5000, its no brainer to sold it off because that's they exit point. And then buy again in the entry point they have in mind, just like the last time, entry point it $2800-$2900.

But if you are really into bitcoin for the long term, then you wouldn't just sold in at any time, unless you need fiat for emergency. You buy and put it in a secure wallet like paper or hard wallet and forget it for the long time.

Konthol Ngaceng

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That's the thing that many people do not know, when they get a little profit then they immediately sell and buy again and so on, but with an easier way we can get a profit that we keep for a long time (at least 3 years).

drachman

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Quote from: liseff3 on September 19, 2017, 01:13:47 PM

Yes. Because, i heard alot stories about people who hold bitcoin get a very good advantage with current price conditions. Bitcoin is very popular, and my friend says bitcoin is more profitable than gold.

It is a fact that bitcoin is more profitable than gold, there is not a competition there, gold almost does not move and bitcoin moves up and down very rapidly and this creates the perfect scenario for a trader if they are able to figure out how and when the price of bitcoin is going to move then they are going to get big profits.

palensya

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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

The reason why is because they patiently wait for bitcoin to have a higher value and as of this time that is worth the wait because the value of bitcoin really boost up and they are lucky to keep those bitcoin for a long time and i think that they are already richer by now.

nkarm1

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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

The benefits are so obvious, looking at its growth since 2009 you will really have a benefit for sure. Bitcoin's price just grows almost 5000% since it's birth, and imagine if you are a holder of hundreds or thousands bitcoins within the range of 2009-2015($1-$400)man the benefits will slap you in your face right now with its $4k+ price . Grin

. Because of those events, all of the people here have really high hopes for their future. So if you have savings, storing it in your cold wallet for a long time is a good idea.

50ouncebrew

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People store their bitcoins in a bitcoin wallet, usually cold storage, for holding for a long period of time as more people join the network and bitcoins become more and more scarce.

jonatuzc

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Quote from: Tubig on September 12, 2017, 09:06:23 AM

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

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.

Matimtim

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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

Many people here that are storing their bitcoin in their wallet instead of spending it on buying something that they want, it because they are waiting for the higher price of bitcoin.

Bitcoin price will rise and rise in everyday or else a month and year so they are waiting for higher price of bitcoin.

ongels

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Yes that's very true, in the first place bitcoin has limited in supply here on earth and when people interpret bitcoin as a fiat currency , most of them are puzzled and engaged to dig in it for they know money comes after. and we all witnessed most of the people earn a good profit, as the time goes along, many people are demanding to have some piece of it and the more got a widespread news about the benefits of bitcoin it turns out the value are rises. and in the near future will continually exist this will become more expensive.

Punisherx100

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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

Actually I am the one who are holding bItcoins. Like other bitcoin users, I am holding bitcoin for future purposes because as we all know bitcoin price is unstable and continuously rising. You will benefit soon if you hold your bitcoin too, you can use it with a higher value and therefore you can buy many other things compared if you spend or sell it today.

Naughty Princess

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Quote from: dhas on September 22, 2017, 07:02:26 AM

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

Maybe a lot of people choose to save their bitcoin in their wallet for a long time to earn a big profit. That's is one of their technique or strategy that may help their investment to be more profitable.

People keep their coins in their wallet because they are waiting for the price to rise up more which will double the amount and gain more profit. And also prefer to save because it is much better and safer from scamming and other fraud that cause to lose the profit.

Rojectime

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If you appear at the historical efficiency of bitcoin, even the last few a long time, we have witnessed how plainly it has been capable to outperform most other investments out there. If that is not good adequate purpose to maintain bitcoin for a extended time, then I do not know what is. As with any other sort of expenditure, there will be volatility and pitfalls concerned but as prolonged as the cost keeps its lengthy time period expansion intact, I will preserve a portion of my bitcoin stored.

jakezyrus

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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

because they they could earn more profit if they hold it and wait for a much higher price in the future as you bitcoin has a lot price hike since it has born, so much more people are expecting that it would still rise even if there are some time that prices is fluctuating because bitcoin is volatile.

Text

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You can only save bitcoin for a long time if you are doing it for a part time, it is still important that you have a real job outside the online community. It will not give you a stable income if you only focus on cryptocurrency. Where can you get the daily expenses if you are not yet ready to sell your coins? So you still need to spend your saved coins.

Surrapatt

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It seems yes. Bitcoin promises a great benefits just holding it for a long time. We all look to the future about crypto, speculation and rumors against the conventional currency will support bitcoin for larger users.

Chris314

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Two reasons to get bitcoin and hold it in my wallet :
- hope for a better value in the coming years
- hope for a easier way of spending them in the future, when a lot of marketplaces will use it as a way of payment. That will help bitcoin to increase in value as well.

CryptoLoverz

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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 wait for the best price. the price that can be touch before.
for me bitcoin just for short time, so i can trade it when i want, and will be profitable for me.
if you have patient enough to wait for long time, its no problem

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