Topic: bitcoin benefit of saving for a long time? - page 89. (Read 82307 times)

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.

Yes saving for a long time will always give you positive results as people who would have invested in bitcoins in last year and have managed to save till this point of time have already made huge profits and if you save it even longer then you can make huge profits in next couple of years as price will keep on rising over a period of time.

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.

For me the benefits have been enormous and holding it for a long time has seen mymeadly volume of bitcoins raise in value to something I'm really proud of and if this trend of persistent increases continues for already one more year I think I'll be able to fulfil a childhood dream and that's one of the benefit.

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.

Indeed, there are many community here where they've been doing this things several times in the other coins. And most of them was miners who hold their coins for good. Due to the volatility of bitcoins sometimes was a big help most often for the holders and miners because they hold it in a long terms.

These individuals put away bitcoins in their wallet as a funds for them and when the time bitcoin cost will achieve higher cost in the market, they will offer their possessions with the goal that benefit will be earned. Along these lines of holding bitcoin sum is truly a beneficial parts of ventures and you will have mo difficult circumstances persuading other individuals to purchase items, and you just need is bitcoin adjusts in your wallet. A large portion of the general population store bitcoin as speculation and in light of the fact that there are such huge numbers of defrauded venture, it is better quite recently put your coin in your wallet and keep it safe and on the grounds that bitcoin cost is continue rising so sparing it for quite a while will bring enormous benefit for the holder.We can not state whether bitcoin will develop or fall, we ought to consider the two situations as similarly likely and the misfortune is unimportant contrasted with the conceivable benefit. It is reasonable to contribute a little level of their investment funds in bitcoins with the expectation of spending them years after the fact. A significant number of us toss out considerably more cash for pointless things. Be that as it may, your speculation can be exceptionally beneficial, you can pay the home loan later on or get the cash to open your business.

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.

Well, if we take the conclusions based on the data which this present time toward price bitcoin extraordinary then it will definitely happen. But sometimes it is ekpetasi different from reality that occurs, so it would be much more important if you want to save in a long time we have to keep looking and keep what does happen, in other words are we always do an analysis. Because it is only an analysis that could give us an advantage and that will never change.

People can believe in rapid growth, but long term is 5 years or more I would say, and that is some minimum. Price 5 years ago was very low, I just take a look and this is info from wikipedia:
Dec 2011   $2.00   minimum after few months
Dec 2012   $13.00   slowly rising for a year
Can you calculate that rise, and I doubt that in 5 years from now we can see same rise, but from 4.000$ just 10 times higher price is 40.000$, and that is a lot my friend. It doesn`t need to be rapid growth, long term means just waiting for long time of period, and hoping that in time price will grow a lot. Benefits from that are clear, huge profit without any work, you invest your money and wait price to rise and then sell it. Bitcoin already made many millionaires, now many people wish to become that too with help from bitcoin.

Bitcoin appreciate as time passes by that is the main reason why many people hold their bitcoins they all want to have an investment that really gives higher return after few more years. Most of them buy bitcoin when the price crash and hold them till the price pump like what is happening today.

There is a clear view in front of you peoples, only 3 month before the price was 2000$ and now the price is touching 4300$ the difference is in front of you, So i think there is a clear picture of bright future of bitcoin it will be at the end of this year 5000$ and the future will be reached 10000$ in the end of 2018.

Many peoples saving bitcoin for a long time it may be because of their belief in predicting bitcoin prices that will rise rapidly in the future, or perhaps rather than using them for unnecessary / maybe tyr to avoid to wastage, better saving it on the wallet who make it more secure.

The best investement that I have been in conclusion is the bitcoin, even though there are lots of altcoins but If you invest in bitcoin and "forget" about that then it's the perfect investment.
Just imagine buying a year ago and notice today that you made an investment

yep is certainly very good to always do that because this will help you in the future because by holding bitcoin will certainly get a good profit.

In my opinion, saving bitcoin for a long term is very beneficial for people who want to earn profit. For example, if 1btc is 2700, the buyer buys bitcoin with the actual price and wait for its price to grow higher in the market. Therefore, 1btc reaches, let's say, 3000 for 1btc. The buyer would gain 300$ as profit and the cycle goes on and on.

I will also never recommend bitcoins for day trading or as short term investment. For day trading, the best option are altcoins because they money you lose with them does not wreck you financially but in case of bitcoins, losing them is a big heart attack for the trader. Treat bitcoins as long term investment.

Bitcoin will benefit when we save at least 1 year, last year the price is around $ 700 and now it's more than $ 4200, or up 600%, the same thing will happen next year, the price will reach at least $ 15,000.

Yes bitcoin is always good for long term, but I suggest you to not hold bitcoin for many years, because bitcoin is meant to make your life happy, keep spending bitcoin so that you will full fill your dreams, like buying new car, partying etc. I do not hold my bitcoin longer than 6 months because after 6 months by investment become double then I spend my profit and place the rest as it is in my wallet.

Absolutely, people hold their bitcoin for long term purposes because it has been predicted that bitcoin's value will rise up through years. Though of course due to volatility it will go up and down but eventually the trend will go skyrise. I also believe on this, not just because someone says it but because statistical data and history shows it.