bitcoin benefit of saving for a long time? - page 81.

Gumpfire

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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?

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The reason why people store their bitcoins in their wallets for a long time is because if the price of bitcoin increases, also their money will increase. That's why they assume that in the near future bitcoin will increase also their bitcoins too. But if in the future bitcoin's price decreases also their bitcoins will decrease too.

eann014

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Quote from: hahay on August 26, 2017, 01:56:15 PM

This is obvious, saving bitcoin for a long time is a very profitable long term investment. So if you can afford to buy bitcoin now as much as you can, then do it if you believe in bitcoin and I'm also sure bitcoin prices will continue to rise even higher.

It is not easy to buy bitcoin today because of its high value, maybe we can buy bitcoin but not exactly 1btc. Like me, I can't afford to buy 1 btc because I don't have that amount of money maybe i can buy, .005 btc then save if for long time. So it can gain profit as tge days pass.

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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

The probabilty that you will get the chance to earn large amount of money depends directly proportional to the time you've become patient. The value of bitcoin changes from time to time and most of the time, it goes higher and higher so think of it as a smart and wise decision to hold up your bitcoin, you will surely get the chance to earn large amount of money if and only if you are patient enough to hold and wait till the price is high.

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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

Bitcoin's price is continuously increasing and what you're purpose here is to invest. As the value of bitcoin increases, the value you are holding will increase together with it. It would be really beneficial for those who are aiming to be rich with bitcoin because time is money here and the more you invest, the more chances you can have to earn bigger money. We all know that it is the sole purpose of most of the people here so just be patient.

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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

Obviously, they will earn huge profit by just holding it for a long period of time. The reason behind this is that, Bitcoin's market value increases from time to time, as well as the value that the holder will earn. Bitcoin's market value is dependent with its market demand, such that if the demand is high, its value will also be. And since its demand is continuously increasing, its market price will also too, and the profit will follow.

Samueltalk

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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

Because if the bitcoin wallet is safer, And it will never be a person doing the theft ...

iqlimasyadiqa

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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.

geegaw

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Quote from: PokerFace3 on September 10, 2017, 04:15:54 AM

Quote from: Xester on September 08, 2017, 12:12:49 PM

Quote from: Wingo on September 08, 2017, 11:47:06 AM

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 have not heard of anything that can gain value at such a high speed as bitcoins do. Just, holding on bitcoins can return huge profits. It is because of this currency that many people are able to improve their life standards and save for their futures. For all those who didn't trust it, I can only show my sympathy.

Bitcoin is really great and it has brought huge profits for people who believe in it. Potential, strong, always know how to create a surprise, this is what I want to talk about Bitcoin, I have a lot of belief in the future, the price of bitcoin will reach a terrible number that we have never seen, and we will be the new millionaires when saving bitcoin in the long run. I see many people are selling their bitcoin, they just think of the immediate benefits and forget about the long term benefits of bitcoin, they will feel very regret in the future.

Thiet

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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.

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the benefits gained when bitcoin prices increase Grin

PokerFace3

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Quote from: Xester on September 08, 2017, 12:12:49 PM

Quote from: Wingo on September 08, 2017, 11:47:06 AM

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 have not heard of anything that can gain value at such a high speed as bitcoins do. Just, holding on bitcoins can return huge profits. It is because of this currency that many people are able to improve their life standards and save for their futures. For all those who didn't trust it, I can only show my sympathy.

fetishboang

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maybe there is a benefit in saving your bitcoin for a long time or maybe not, you know there are many things that could affect bitcoin but I am hoping that in the future bitcoin's value will go up. Right now I have have no bitcoin yet but I will do my best to invest in it if I have extra cash in my pocket, right now my salary is quite low (crying in the corner) so its quite hard.

zoelhack

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Quote from: ongels on September 08, 2017, 06:58:30 PM

Yes in my own anticipation it could grow to more than 5x fold in the future based on its popularity and contiguous demand in supply. All we need is to hold/invest and wait for the upcoming years . We already witness right from the start of its distribution until present the significant impact in stock market. Look the timeline and its rate. Its very impressive performance

until now is still a good bitcoin for long-term investment, because up and down the price is still around the price of 4000 $, so it is quite stable, many predictions this month of September is a cheerful month so I hope there will be surprises from bitcoin either up or down prices significantly

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Quote from: Potchi on September 08, 2017, 09:17:06 PM

Quote from: ethereumhunter on March 11, 2017, 12:00:35 PM

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

the only thing that i know is people store their bitcoin in their wallet to make big profit and waiting for the increase of the price so they can sell it in the price that they want. for saving for a long time, we know that bitcoin price is always change into higher price, people can sell their bitcoin for big profit and this is why they do this.

I think most of the bitcoin users have the same reason why they are holding their bitcoins for a long time. Because holding is one of the easiest way to make it grow. Storing in each of one's wallet and waiting for the price of the coin to rise and will still store and save it for the long run. And as the time passes by they had already saved much.

and specially in present time when the price of bitcoin is continuously increasing, i am sure that bitcoin will continue increasing and people will holding bitcoin for the price increase. i think that is the reason that the price of bitcoin is getting a good support at 4000$ and hope that this time people will will give full support to bitcoin and bitcoin price will once again start increasing and will surely reach to 5000$.

LeancyBTC

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Quote from: ongels on September 08, 2017, 06:58:30 PM

Yes in my own anticipation it could grow to more than 5x fold in the future based on its popularity and contiguous demand in supply. All we need is to hold/invest and wait for the upcoming years . We already witness right from the start of its distribution until present the significant impact in stock market. Look the timeline and its rate. Its very impressive performance

I do agree with you. Bitcoin can easily increase its price upto 5 times and therefore, bitcoin does bring a lot of benefit for long term holders. That is the reason why we should have bitcoin in our wallet. Who know. Maybe one day we will become rich thanks to bitcoin. ANd I do think that not only bitcoin but altcoins will also bring us a lot of money and profit

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Quote from: supandi wiharja on September 09, 2017, 05:02:59 AM

I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.

Well the first thing that comes to mind when you talk about saving for a long time is simply profit. There's really not much into it and it's proven that if you are patient enough not to withdraw or sell your btcs, the amount you have today would have grown considerably after a few years

supandi wiharja

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I think everyone makes savings for big profits, because someone who invests definitely wants to make a profit rather than lose money. I myself hold the bitcoin to be stored in my wallet, because i want to sell it when bitcoin prices go up and i get the benefits automatically.
I honestly do not want to invest my bitcoin for risky investments.

mornabo

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Quote from: FLoving on September 08, 2017, 07:41:17 PM

Quote from: justdimin on September 08, 2017, 08:55:40 AM

Quote from: bn88 on September 07, 2017, 11:07:08 AM

Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.

Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing... Tongue

It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Tongue

Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.

actually holding bitcoin is also included in the investment but it will not grow the bitcoin you have, but if you do not want to get a big risk then you can just do the holding alone. but if you want to get more profit from bitcoin, then you should grow it in sharing investment methods like investing in minning site, ICO, altcoin, gambling bankroll, etc. but it will add to the risk of loss that you will face.

rodskee

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bitcoin benefit of saving for along time, purely profitable currently the bitcoin dip because the rumors of banned, i think now is theright time to buy bitcoin for investment at the lower price, i believe after the issue about the bitcoin banned, the bitcoin goes pumping again and all prediction about bitcoin the price value reach upto 5000$ thats not bad if are holding bitcoin now, the benefit after the are very good figure of digit.

StarofBTC

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Quote from: ghostunicorn on September 05, 2017, 11:51:27 AM

We're not independent from the general bitcoin trend, we can usually win by saving, yet the trend has to be upwards. In other case, we wouldn't have good return from our saving activity. If the market goes like that, we'll win by saving bitcoin.

You are very much right. But I think if someone is not having much knowledge about trading then he should go for saving and keeping the Bitcoins.

But if you know this trick of trading, you should go for it as it is the best way to multiply your money. Investing is no doubt the best option.

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