bitcoin benefit of saving for a long time? - page 88.

killerfrost

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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?

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They think me wrong I think the accumulation of BTC in a long time wallet will help you get a profit margin difference between buying and selling BTC. That means you do not have to do anything but you still have money. It's almost like depositing bank savings. However, Bitcoin hoarding can get you more money in the short term or you will not have anything

Aztek

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Quote from: Cherylstar86 on March 11, 2017, 05:55:16 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

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.

Bitcoin truly can give and can serve as a good form of investment if you are going to hold it because it's price is more vulnerable on changes making it pump and increased it values. So having a price that capable on development in terms of value is one set to find out and set a good investments for future earning and profit.

Gotomoon

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Quote from: citizenh-ssd on August 27, 2017, 11:08:38 AM

Yes, bitcoin is advantageous to hold for a long time to get a huge profit. The one who kept bitcoin for several years now can enjoy a carefree, prosperous life.

Bitcoin will gives benefit for saving a long time to earn profit. Because bitcoin value will go up and anyone could earn money for saving a long time.

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Quote from: cjnmoh on August 27, 2017, 11:22:59 AM

You don't need to be save Bitcoin for a huge long period but in the next 5 years you will get almost 20 times of now what value is. Since it's inception of bitcoin from mere $0.001 to now increase millionth of times. So, don't be hurry and save your Bitcoin because the demand of digital era is widely accepted.

5 years is a really long time for many people who don't have patience to hold it longer as they will start selling their coins when they see higher price then their purchase price as their main goal is to make profits and when bitcoin will touch the price of $10k in near future I am pretty sure that most of the users will dump their coins to make profits.

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You don't need to be save Bitcoin for a huge long period but in the next 5 years you will get almost 20 times of now what value is. Since it's inception of bitcoin from mere $0.001 to now increase millionth of times. So, don't be hurry and save your Bitcoin because the demand of digital era is widely accepted.

citizenh-ssd

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Yes, bitcoin is advantageous to hold for a long time to get a huge profit. The one who kept bitcoin for several years now can enjoy a carefree, prosperous life.

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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

Bitcoin has been known to have a feature of its price being volatile and earning an income online. So people tend to save their bitcoin for a long period of time because by just simply saving and holding your bitcoin, you are already gaining an income that came from your initial holdings. This enables us to gain more than what we have. And that was the benefit of saving bitcoin for a long time due to the reason that bitcoin price rises as time passes by. Which literally means that your initial holding can grow more than the usual.

Bestwishes745

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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.

drachman

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Quote from: syaripudin on August 24, 2017, 11:24:42 AM

Bitcoin is the best asset for the future. I think that's one of the reasons people keep bitcoins in the future. Besides the unstable bitcoin price makes one think to keep it. That's just some of the reasons I mentioned. A definite for now bitcoin has become everyone's choice for investment. Because the price of bitcoin is very high. And most importantly you can control your emotions. Because of the panic that we do of course we will do the wrong thing, need a very mature calculation in making decisions.

This simply put the benefits we are going to get with bitcoin are simply too great to not invest money in it and when people finally realize this we are going to earn so much money that is difficult to imagine.

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Quote from: GeniusAko on August 26, 2017, 10:36:30 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

Because they know that investing their money to the bitcoin is really profitable. Bitcoin has really potential in the market and it is really good for investment. The benefits that they will get is they can make many profits if they hold their bitcoin.

I agree with you. Profit is the main reason why there are many people investing their money in bitcoin. Therefore, if you want to be rich, you can invest your money in bitcoin. Bitcoin can increase its price for the next 5 years stably. Moreover, people invest their money in bitcoin because they believe in the new technology which can change the world: blockchain and the cryptocurrency

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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.

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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.

for sure bitcoin is a long term saving and the price is increasing very fast and it is growing the worth of the bitcoin so the price of the bitcoin will increase a bit more for keeping it for long time. The price of the bitcoin increasing and it will grow future for sure so invest in bitcoin for long term and make good profit in the future saving will help you and your family for long time.

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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 wallet as price go up the value is their stored bitcoin simultaneously going up also. It is one way of investing for some and I also do it to my own. It might not have big profits as big as investing outside the wallet but I think it's enough if you do have big amount of bitcoin stored. And it also lessen the risk that's the importance of it.

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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 know that investing their money to the bitcoin is really profitable. Bitcoin has really potential in the market and it is really good for investment. The benefits that they will get is they can make many profits if they hold their bitcoin.

babygun

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I agree with the posts above. Everybody hopes that bitcoin price will go up and up, so I am also saving all my bitcoins.
Offcourse it is a risk, but sometimes you need to take risks

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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 many people prefer to hold their bitcoin for a long time is because they want to earn more money. Holding bitcoin is really a effective way to make more profit and money. I think holding is a key to become a millionaire.

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Quote from: mackenzied on August 26, 2017, 08:29:24 AM

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.

Yes, with the long-term potential and the advantages that bitcoin receives in development, we can absolutely believe that bitcoin will continue to go up, archiving it for years will help you get the profit margins.

Yeah, saving bitcoin in the long run will bring us more profit in the future. However, there are many opinions saying that saving bitcoin will waste many opportunities to make money, so in my opinion, we should just save a part and the rest we will invest in the opportunity to make money. That will help us have more bitcoin in the future even though it is risky but I think we should venture to become richer.

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Quote from: Lomberjack on August 26, 2017, 09:10:22 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

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.

Well, that's true. Saving is always a better way to grow in economy. It serves as a base for each and every other investment With bitcoin the benefits were high, as the growth is tremendous and the users earns big for what they save in accordance to the time period of the saved volume of bitcoin in the wallet.

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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

It is really good to save bitcoin, and better to save a lot of your bitcoin, so in the future you can have more because the cost of bitcoin increases and I think that by the end of the year there is a possibility that bitcoin value can hit $5000 and if you save today you can earn by the end of the month by just saving it! just my opinion!

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Quote from: Lomberjack on August 26, 2017, 09:10:22 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

Saving might be a boring way to keep your money safe and alive for a long time specially when you are just saving it into a coin bank or holding it into your customized storage of money. But in bitcoin, saving and holding is the simplest yet the most effective way to keep your money growing because from your initial earning, you can still gain profit because bitcoin's price is volatile enabling us to gain an income. Also saving has a great benefit just like using what you have save for future purposes.

Saving is the easiest way to make profits from bitcoins but as you said that saving can be boring so its better to invest those coins in trading instead of keeping them idle in wallet as trading then generate regular profits which is never possible with saving as saving will give you one time profit and that also when you sell your coins.

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