Yes agree, the mistake of many people is to sell bitcoin because it already get a little profit, but if they want to be patient of course they will get bigger profit, keep bitcoin at least a year and we will get profit at least 100%.
Patience is the key when investing in bitcoin. It doesn't mean that if the price rise up it will be the last good price of bitcoin because there will always be a price higher than what you've thought is the best. Although when you really need some money you should convert it but don't convert it all always have some left. 
Topic: bitcoin benefit of saving for a long time? - page 78. (Read 82307 times)
Look at the timeline of bitcoins price, there is a great jump in just a short period and this is still happening. We all witnessed how bitcoin built the reputation of digital currency, the growing use of bitcoins and altcoins affects the price and value of every digital currency and in bitcoin, there is a positive change, an increase in price which we all don't know when it will stop. Maybe until all people in the world is using bitcoin but it is very far from happening.
Yes it is true. Its price grow rapidly. It goes up like 700% since last year and I was really sad that Idid not save bitcoin. I use bitcoin to finance my daily life but not thinking of saving for the future. It is just this time that I was able to think about it after realizing that it can help me become rich if I will save some of it.
I've used to store bitcoins in my wallet but I don't know in the future if the price of bitcoin will raise high as we expected. But as I've observed its price was drop. I've monitor it by one week but it continuously dropping. So our reason why we store our bitcoins in our wallet is for the purpose of trading it in a high price when it was raise. But the thing is we can't tell when is the exact time that its price will reach the highest amount.
Yes agree, the mistake of many people is to sell bitcoin because it already get a little profit, but if they want to be patient of course they will get bigger profit, keep bitcoin at least a year and we will get profit at least 100%.
I think that's one of the reasons people keep bitcoins in the future. Since bitcoin is dominating the crytpo market and signs show that it will continue to rule the cryptocurrency for the next 5 years, holding bitcoin will give you a good amount of money after a long period because the price of bitcoin always goes up.
Bitcoins are not going to rule only for next five years, but forever. I don’t think so there is any crypto currency that has potential of ruling crypto kingdom the way bitcoins is doing. Bitcoins are the oldest digital currency and I strongly believe in their potential of making us rich in few years. 
I think that's one of the reasons people keep bitcoins in the future. Since bitcoin is dominating the crytpo market and signs show that it will continue to rule the cryptocurrency for the next 5 years, holding bitcoin will give you a good amount of money after a long period because the price of bitcoin always goes up.
Bitcoins are not going to rule only for next five years, but forever. I don’t think so there is any crypto currency that has potential of ruling crypto kingdom the way bitcoins is doing. Bitcoins are the oldest digital currency and I strongly believe in their potential of making us rich in few years. 
look at how bitcoin prices move, you can see graph of improvement over the past few years. if you notice the bitcoin price continues to increase, this is what we can use smartly. we can benefit from selling bitcoin that we have because we can get bitcoin at a cheaper price before.
In short time bitcoin has achieved a lot of value and importance because in bitcoin you don’t need to do work all the day just take your bitcoin keep it in your wallet and save it for long time, one of my friends having bitcoin and when he bought the price of the bitcoin was not so high and today the price of the bitcoin is nearly equal to the double of the amount he invested and still he want to keep it save for more time to get more 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
Unlike cash in bank when the longer you save, the value of it is diminish because of inflation, the opposite happens in bitcoin. Due to the popularity of bitcoin, it has been continue rising does giving big returns to the one who is saving it storing it in his wallet. Cash in bank can have an interest of 0.50% annually while in bitcoin you can have 10x return of the amount you save just like what happen to the price last year compared this year. Difference in interest is so massive that's why many are thinking that it is scam if they will not research more what it is about.
As for me, I store some bitcoin for the long term because like what happen nowadays, bitcoin price went down so if I think of saving it for a short term, maybe I will be one of those people who panic sell but since I am saving for the long term and I believe bitcoin will rise again and reach new high, I just hold it.
Saving your bitcoin in your wallet for a long time give you double opportunities, first you have the chance to make more gains and secondly you still saving your while still making great gains because as the price rise to your of making my gain from your saved bitcoin.
Yes I agree with this, bitcoin prices will be felt if we save for long term (at least 2 years). so if we are just starting bitcoin investing then I recommend to not too often see the price.
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 benefit of storing or holding your Bitcoin for a long time is that, your profit will grow over time. Bitcoin market value increases from time to time, which means if you will store your Bitcoin, its price will increase as well as the profit that you will get in the future. This is the common strategy of Bitcoin investors, this is easier and less risky than trading, but still, the profit is good with this strategy.Come share your thoughts
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
Cause I think they have the idea that probably sooner bitcoin will raise its value, but the thing is holding bitcoin is one of profitable aspexts of investing here in bitcoin, you do nothing with your money and yet its growing so it is essentially stated that maybe sokner it may double the price that you habe gaim for the prior campaigns or investment that you have.
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
Cause I think they have the idea that probably sooner bitcoin will raise its value, but the thing is holding bitcoin is one of profitable aspexts of investing here in bitcoin, you do nothing with your money and yet its growing so it is essentially stated that maybe sokner it may double the price that you habe gaim for the prior campaigns or investment that you have.
There's nothing wrong about thinking that storing btc funds is an investment in it self, yet it remains a risky ones since financial/political events can highly affect it's value (like events in china now and btc dropping to 3.6k ) . While storing fiat is safe but you can't get gains from, storing btc can either euin you or make you way richer . It is a choice that holders must make with keeping in mind that in any day everything can go south .
Let's wait what happen's next. I guess the majority in the forum anticipating multiple increase in the future, but there are also tendency to decrease such as some certain conditions, like what happen to China, They are banning bitcoin's, which causes a negative impact in terms of its value in stock market , How about some country will follow.. And i'm trying to figure out the value of bitcoin when this things happen..
The longer you keep money in bitcoins, the richer you become. Pretty easy 
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
the whole reason why people store their bitcoin in their wallet because they save it for the high price of bitcoin. the fluctuating value of bitcoin is the main reason why many are attracted to invest to it. so if the equivalent of btc increases that you have saved will surely increase in value.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
In my opinion, maybe they are waiting for the right time to sell, for example: 1. The development of Bitcoin is experiencing a very high price increase, 2. To maintain the possibility, if in the future economic conditions are difficult, 3. Of the many people, they considers Bitcoin as a substitute for saving banknotes.Come share your thoughts
Perhaps it was from these three things that they kept Bitcoin for a long time.
Btc is very good to be stored safely for a long time, every year the btc value will increase and can give higher profit.
Well there are a lot of benefits of saving bit coins for a long time I am listing a few of them below: Globally accepted currency.
Exponential growth in the digital world.
Greater number of investors from all around the world.
Take a look at the bitcoin price chart since its introduction some years ago and you will see what the benefit of saving it for a long time was.
However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.
However, based on the previous benefits, you can hardly conclude to possible future benefits. The price could rise further but it could also decrease for whatever reasons.
you should save some of your bitcoin in part, and the rest again sold if you have a need if not yes we simapan all until waiting for higher prices
They save bitcoin for a long time because they know that the Bicoin price will go not double, triple but 4-5x it's price of today. Just like 5 years ago many people ignore bitcoins just look what's the value of it today many people invest bitcoin past years ago and look at them now, they're now rich because they wait for the right time. The benefit of saving for a long time is the longer you hold your bitcoin the more richer you're going to be in the future.
Well let's have that history can repeat otself, it may took too long now before it increase again into 4-5x of its value now since some countries were banning it that gives too much affect on decreasing of btc. Jump to: