bitcoin benefit of saving for a long time? - page 86.

yvesp110

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Quote from: SamsungBitcoin on August 30, 2017, 07:20:35 AM

Quote from: stepwilli on August 30, 2017, 07:17:14 AM

Quote from: magmar on August 26, 2017, 07:53:11 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

Knowing that the bitcoins value have a high possibility to grow their price like what they always did. People, including me, are holding our bitcoins through our wallet hoping to gain more money through that investment. We are more persuade because of the teen who became a millionaire because of holding his bitcoins for a long time. Bitcoins value is way too different from before they are very expensive and very hard to get because it is the best ways of investment.

Yes that’s the benefits that people get from saving their Bitcoin for a longtime. But it will take you years to see the profits, so it depends on how much patience you can have. If you will be able to save the money you’re making from Bitcoin, leaving for some years and forgetting about it, there is no doubt you will make bigger profits as soon as price goes up.

But for me you do not need to wait for too long to make profit from your savings you can do trading to increase your income, if you just want to save i think much better to save huge amount of money to see the great income of your savings.

Yes you are right savings only produce good profits when they are huge in number. With small capital, you can’t expect grand returns. Trading is a professional job where definitely you can make more capital than just saving your bitcoins. Holding bitcoins needs a lot of time to make you go out of world.

mel0924

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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 store bitcoins in their wallet due to the fact that bitcoin price is going higher and higher as time goes along. All of us or many of us believe this that we can be a millionaire if we store even just 1 bitcoin in our wallet. This is my dream that I could have at least 1 bitcoin in my wallet. Bitcoin can change our lives and many people wanted it.

umbara ardian

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they are smart to look for opportunities, storing bitcoin in a long time will make them profit much larger than before. if they buy the current auto bitcoins if there is such a rapid rise in the coming year they will become millionaires. so this is a very great thought only the big-minded person dare to take this decision.

richkellj

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Quote from: supandi wiharja on August 30, 2017, 02:01:22 AM

I think the benefits of bitcoin for a long time as an investment, when bitcoin prices increase and then sell it ..
And very risky to store bitcoin for too long, because we do not know when the price will go down or up.
But i myself believe the bitcoin price for the next 5 years will be higher,i will trade it and keep it for a long time.

Yes you are right. No one knows when the process will go up or down. But if see the graph of past few years, we’ll observe that prices are continuously going up and up. So selling will never be the best option. You should keep what you had and try to get more.

Bondho Kompeni

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Quote from: supandi wiharja on August 30, 2017, 02:01:22 AM

I think the benefits of bitcoin for a long time as an investment, when bitcoin prices increase and then sell it ..
And very risky to store bitcoin for too long, because we do not know when the price will go down or up.
But i myself believe the bitcoin price for the next 5 years will be higher,i will trade it and keep it for a long time.

Agree with you, it takes a long time to get big profit, I think with 3 years is enough to keep bitcoin and sell so that we can get a very big profit.
I sure if we patient to wait at least 3 years, of course the price will increase more than 600%

SamsungBitcoin

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Quote from: stepwilli on August 30, 2017, 07:17:14 AM

Quote from: magmar on August 26, 2017, 07:53:11 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

Knowing that the bitcoins value have a high possibility to grow their price like what they always did. People, including me, are holding our bitcoins through our wallet hoping to gain more money through that investment. We are more persuade because of the teen who became a millionaire because of holding his bitcoins for a long time. Bitcoins value is way too different from before they are very expensive and very hard to get because it is the best ways of investment.

Yes that’s the benefits that people get from saving their Bitcoin for a longtime. But it will take you years to see the profits, so it depends on how much patience you can have. If you will be able to save the money you’re making from Bitcoin, leaving for some years and forgetting about it, there is no doubt you will make bigger profits as soon as price goes up.

But for me you do not need to wait for too long to make profit from your savings you can do trading to increase your income, if you just want to save i think much better to save huge amount of money to see the great income of your savings.

stepwilli

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Quote from: magmar on August 26, 2017, 07:53:11 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

Knowing that the bitcoins value have a high possibility to grow their price like what they always did. People, including me, are holding our bitcoins through our wallet hoping to gain more money through that investment. We are more persuade because of the teen who became a millionaire because of holding his bitcoins for a long time. Bitcoins value is way too different from before they are very expensive and very hard to get because it is the best ways of investment.

Yes that’s the benefits that people get from saving their Bitcoin for a longtime. But it will take you years to see the profits, so it depends on how much patience you can have. If you will be able to save the money you’re making from Bitcoin, leaving for some years and forgetting about it, there is no doubt you will make bigger profits as soon as price goes up.

logicgate

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Quote from: fuer44 on August 29, 2017, 03:30:04 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

in my opinion, it would be better to keep bitcoin in the long time. especially if we have many of bitcoin stock in our wallets. we see backward, how the value of bitcoin is increasing every year until now. the possibility of rising for the coming years is also very likely. so save your bitcoin and wait until the value is really high.

I will give the same piece of advice. Bitcoins will soon become the rare commodity of the world and after few years, it would be really very hard to own bitcoins. This is best time of grabbing bitcoins to enjoy a luxurious future. I am myself working on this strategy because I believe in the potential of bitcoins for producing grand profits.

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Quote from: batang_bitcoin on August 29, 2017, 07:14:20 PM

Quote from: TheNextChampion on August 29, 2017, 06:38:17 PM

I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

Everyone is saving bitcoin for a longer time. Because we know what's going to happen in the future and if you are one of those people that has bitcoin at the time when the price of bitcoin soars high. You are one of the luckiest person alive and you have a lot of money already. And this is why saving bitcoin for a long time gives benefit.

I am one of the long term investors and I know people who are here earlier than me are already having a great amount of profit.
With the price increase this big, they had surely made a fortune already and we can be a silent millionaire or billionaire here because the government
will not know how much we are holding.

supandi wiharja

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I think the benefits of bitcoin for a long time as an investment, when bitcoin prices increase and then sell it ..
And very risky to store bitcoin for too long, because we do not know when the price will go down or up.
But i myself believe the bitcoin price for the next 5 years will be higher,i will trade it and keep it for a long time.

ObscurePen

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The main benefit is that the amount of money you have in fiat will increase over time. Bitcoin is like gold in this sense. Its value continually increases in the long-term, making it a great asset. This is why people keep their Bitcoin in a wallet for a long time. It is a method of investing called holding. It is quite profitable in the long-term, but because Bitcoin’s price is extremely volatile in the short-term, this strategy is not effective at all. That is why people store their Bitcoin in a wallet for a long time. I mean if you are getting free money by doing nothing, why not? In fact I use this method too. I have around 0.056 Bitcoin sitting in cold-storage. The value of this Bitcoin is rising everyday, and I earn massive profits over long periods of time.

batang_bitcoin

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Quote from: TheNextChampion on August 29, 2017, 06:38:17 PM

I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

Everyone is saving bitcoin for a longer time. Because we know what's going to happen in the future and if you are one of those people that has bitcoin at the time when the price of bitcoin soars high. You are one of the luckiest person alive and you have a lot of money already. And this is why saving bitcoin for a long time gives benefit.

Doamader

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Sure the more time you able to save your coins you might get an amazing result, but there is as well the risk the coin loose some value over time, once mining period ends, no more halving soo will be demand and supply, but we are very far away from those period yet. If i had bought bitcoins as i wanted when they were worthing 300 dollars and i had hold i could had made an amazing result on the period of 2-3 years, but i do believe even now at 2020 all investors and holders will be able to benefict from the new value that bitcoin will get.

TheNextChampion

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I believe people are saving it for the long time because they knew or they trust bitcoin to soar high in it's price. Bitcoin also can be used as an investment and if they buy low price bitcoin in the past and they hold it till now. They are winners because the price now is reaching above $4500 now.

andie kisno

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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

this is one of the strategies for a better future, that is by storing the old bitcoin inside the wallet itself, this is done to get the higher selling point it is still profitable to do

aeternus

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Quote from: Bestwishes745 on August 26, 2017, 06:23:24 PM

Quote from: lukmandog on August 26, 2017, 08:15:02 AM

no harm caused from holding bitcoin for longtime, we have seen it now bitcoin prices have performed very well. Of course this is special advantage for patiently holding bitcoin. The losers are the ones who never keep bitcoin as way to making money.

There is no harm in that, but why don’t people want to work and stay dumb forever? I always say that holding is good but only if you can work on you bitcoin due to some reasons but when you have chances to work on them and increase them in number then you should avail that chance. So I would say that if you really want to hold them then you can but don’t do it for long time it can harm your trading skills.

I do not think things are like that many people in the forum have jobs and also earn some money in bitcoin and that does not leave much time for them to try to become traders so it is not really a surprise why they choose to hold bitcoin instead of trying to earn more trough trading.

fuer44

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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

in my opinion, it would be better to keep bitcoin in the long time. especially if we have many of bitcoin stock in our wallets. we see backward, how the value of bitcoin is increasing every year until now. the possibility of rising for the coming years is also very likely. so save your bitcoin and wait until the value is really high.

Md Saad

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since the number of Bitcoin is fixed and these amount of Bitcoin are moving one hand to another hand. when the supply of a product will be same but the demand will increase then the price of that product must bound to increase. so the price of Bitcoin will also increase in the future.

that is why. if someone can hold some Bitcoin for the future purpose then it will bring a profitable asset in the future for sure. so I always suggest everyone keep Bitcoin for a long time.

Kingofbitcoin12345

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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

As bitcoin increases its value day by day it is also affecting the price on years basis, so yeah it benefits them for gaining more profits.. It's like an investments to them and also I do it but not as long as other do.. It is not force to learn this way, you just have to trust that it will increase..

omonuyak

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Storing your bitcoin in an offline wallet for long time is one of the risk free way of making money from your risk capital. Those that bought bitcoin early this year and store them have make significant money if they sell it today! In February this year bitcoin went down as low as $750 and today bitcoin is as high as $4,400 across most of the popular exchangers. Buying bitcoin and others cryptocurrency is one of the way of making good money.

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