bitcoin benefit of saving for a long time? - page 94.

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Quote from: anume123 on August 20, 2017, 02:07:10 AM

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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Saving your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it.
Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store.

How about on bitcoins price might decrease tomorrow? We cant assume anytime that the price would really go together with our expectations we should not really forget the risk behind it and how price volatility works. Bitcoin saving is really a good habit since we can see that prices do soar up high and I would recommend this thing for those who earn bitcoin without the need on pulling up money on their pocket but for those people who do make use of their local fiat exchange to bitcoin we should only put on the amount that we can afford to lose up.

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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

Saving your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it.
Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store.

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Quote from: eloymjb on August 19, 2017, 01:02:05 AM

when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods

That is risk not just in long terms but in short as well. This is beauty of this no matter what. But from some angle at the moment most are saving cuz price went above 4k and currently is stable for a bit. They are in doubt what to do to sell and keep it.

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Quote from: eloymjb on August 19, 2017, 01:02:05 AM

when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods

It is not that mean that if you will hold or save your bitcoin for a long time then it will be just stocked up but that is not how it works for long term investment. If you are going to save bitcoin for a long time then you should be always updated for the news and possible developments in bitcoin so that you can think for the possible outcomes in long term and to find out if you are going to keep holding or not.

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when you save a bitcoin for a long time .. there is a risk of it .. whether bitcoin raise its value and you become millionaire or its either bitcoin is dead and you become nothing .. nothing is imposible in this world .. and one thing is a very permanent in this world .. it is called CHANGES .. dont stock your goods

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Quote from: Himanshu111 on August 03, 2017, 05:09:12 PM

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

It is so damn true. We save or hold our coins because we all know bitcoin is volatile and in time it go to the moon.
Just dont mind the dips because for sure after the dips the rise will be next.
Sure, the current price is so tempting, I think cashing out a little is fine so we can taste the ATH, but make sure you still have a lot of bitcoin in case bitcoin will be on peak again and the profit you get is really crazy.

uelque

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I only see one reason why people holds their bitcoin for a long time and that is because bitcoin price is so volatile. We all knew that bitcoin price today is constantly rising so I guess it is the main reason why people who has bitcoin will continue to hold their bitcoin for long term. Because they knew the benefit they will get is much higher than today's. They knew themselves it's worth to wait.

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bitcoin's price is volatile, in simple words its market price always changes(as price is made by the demand and supply of the market) and because Bitcoin is being made at a constant mining effort and also with constantly increasing difficulty the Bitcoin price will increase so that miners can get enough paid for their invested power and time.and this makes Bitcoin the perfect target for long term investment because it will always gonna increase its rice until the last block is mined.

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Quote from: MMysterious on August 18, 2017, 01:02:28 PM

I think the reason people save bitcoin for a long time it is because as what they have noticed, bitcoin had been increasing over the years ever since it started in 2009. The value from that time compared to today's bitcoin imagine if you invested 1BTC by 2009 how much it would be worth today 1btc = $4300. That really is a huge lump sum of savings. So that gives people idea on saving their bitcoin and storing them for a long time.

Not many people heard about it back in 2009, for example I started in 2013 when price was around 1000 dollars, then i researched a lot and see how thing are going in this. Again who ever did invest back then then he is really reach man by how if he invested then just 1000 USD that pretty much now.

No matter now it takes saving most of it is good option and best option with current price.

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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

they have many benefits in holding a bitcoin first you can stack here some of your money and don't need a back, 2nd here in the bitcoin it can double your money without doing anything just hold it. but the main benefit here of bitcoin is it can be the alternate currency someday.

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I think the reason people save bitcoin for a long time it is because as what they have noticed, bitcoin had been increasing over the years ever since it started in 2009. The value from that time compared to today's bitcoin imagine if you invested 1BTC by 2009 how much it would be worth today 1btc = $4300. That really is a huge lump sum of savings. So that gives people idea on saving their bitcoin and storing them for a long time.

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Quote from: sevendust777 on March 12, 2017, 01:50:26 AM

Other people store bitcoin for a long time because of its fluctuating price. As we can notice bitcoin price is increasing its price thats why other people still hold the btc in their wallet for a longest time just to earn profit. Atleast that they could earn for what they save in their wallet.

that's right, we save them and get prices soared then we will benefit, but we save the bitcoin in a long time it is also advantageous that is we can make it as savings in old age, we can also make monthly income means to support the real-life us, and we will also gain a prosperous life in the future and not worry again a matter of financial problems. most people would do the same thing to organize his life later in the day.

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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 isn't just about storing but also an investment. But in storing your bitcoins for too long in my perspective is a big no. I am to keep myself updated about the market and the values' charts. If I'd assess that there will be an upcoming dilemma or a big decrease in the value that will be the time that I'd go for a solution about my bitcoin than keeping it stored.

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The benefit of it is because bitcoin is just starting as time pass by the bitcoin price will get pump and pump so If you save it for now you will have a great profit int he future because bitcoin price is pumping every year so better to save now and harvest it later.

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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

Almost all bitcoin enthusiast who hold their coins for a long term/time, are those people who wants savings for the future. Because they believed in the projection of the bitcoin experts for what it will be the price value of bitcoin when the time comes. Particularly now, the prediction base on the experts was 13000$ by February 2018, also look what happen now into bitcoin after BCC/BCH this past august 1st 2017.

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If you hold on BTC you have highest chance that you will get nice profit. If you save and long hold BTC and you don't do trading you save every ime those damm fees.
it is prooven that most traders will lose money over time. You dont know a future and that is why having like 100% in BTC is not recommended is good to have some Metals, and other stuff
even ral estate for rent is quite good passive investment

lukmandog

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Holding bitcoin can still provide an advantage even for longterm. Even if we look at the potential some altcoins, we may be able to gain multiple benefits rather than invest in bitcoins. There are still many giants still asleep to this day.

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Quote from: unyil on August 04, 2017, 09:52:38 PM

Quote from: Pattart on August 04, 2017, 09:28:46 PM

Quote from: LimLims on August 03, 2017, 12:43:04 PM

I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.

Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day

Yes bitcoin will become more popular in the future because the development in bitcoin keeps improving, so I will keep trying to get bitcoin and will keep it for a long time, in order to get a very good profit from bitcoin.

What the above user mentioned is correct, bitcoin becomes popular as well it has gained more popularity than other digital currencies. This is all because of the way it got developed. In between its said that there are several other coins that got developed in a better way than bitcoin. In reality they were unable to compete with bitcoin making it the best profitable digital coin. Also this has given the trust that more you hold more will be the profit after years.

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Quote from: Pattart on August 04, 2017, 09:28:46 PM

Quote from: LimLims on August 03, 2017, 12:43:04 PM

I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.

Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day

Yes bitcoin will become more popular in the future because the development in bitcoin keeps improving, so I will keep trying to get bitcoin and will keep it for a long time, in order to get a very good profit from bitcoin.

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Quote from: Himanshu111 on August 03, 2017, 05:09:12 PM

The biggest benefit long term saving will have is Bitcoin is showing a very fast growth rate and if a person holds his Bitcoin for a long time then he can expect enormous returns from his savings.

So true. Because if we save money. Every year there will be inflation. In contrast to the bitcoin that increases annually. I highly recommend saving through bitcoin

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