bitcoin benefit of saving for a long time? - page 96.

Catswold

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Quote from: fanbeila on August 03, 2017, 06:23:46 AM

Investments in altcoins are made in a short term basis since many altcoins could even disappear in the long run and also they are highly volatile.But investment in bitcoin is made only in a long term basis.Bitcoin would not yield more profits in short term.Thats why people find themselves comfortable in saving bitcoins in wallets in a long term basis.

Yup if you want to gain higher benefits from bitcoins then you should save it for a long term and you can also make some profits in short term if you buy at low price and sell at higher price but it will never give you huge profits which you can earn by holding it for a long term.

suryana

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Sure. Bitcoin provides longterm benefits, bitcoin more than just modern trend in financial world. But also an investment choice.

fanbeila

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Investments in altcoins are made in a short term basis since many altcoins could even disappear in the long run and also they are highly volatile.But investment in bitcoin is made only in a long term basis.Bitcoin would not yield more profits in short term.Thats why people find themselves comfortable in saving bitcoins in wallets in a long term basis.

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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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The number one reason for that is because the value of bitcoin rises from time to time, thats it. Have you heard about that kid who invested a 1000$ in bitcoin and now a millionaire because the value of it are far too different from before, it is freaking high. And with that, a lot of bitcoins holders are motivated to hold on their bitcoins too and hold it for a long time just like what that kids had achieved. Everybody wants to be rich without doing anything .

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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 keep their bitcoin in their wallet to secure their future. This serves as their savings.
These people are wise, they keep an assurance for themselves for their future.

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Quote from: Xester on July 31, 2017, 06:42:35 AM

Quote from: Adbitco on July 31, 2017, 05:13:05 AM

Quote from: machinek20 on March 11, 2017, 06:17:08 AM

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder

It's always better to store your bitcoins in a wallet than investing them in scams. The best thing about bitcoin is just storing it for a long time is a sort of investment and we have seen it and some of us might even have experienced it in the past when bitcoin was only $400 or so and raised up to $2800 so that's why people hold and keep storing their bitcoins and that's how people make profit and have made already in the past.

Certainly agreed on this. It has always been safer to store our bitcoins in our wallet and even doing transactions with bitcoin because of its unique bitcoin address. I was scammed before and I would never do that again considering the feeling I felt when I was scammed. It is like losing your favorite thing and was stolen by people who have no hearts at all. I bought that bitcoin and someone just stole it from me. Even if you will put only your bitcoins on your wallet it will really grow everytime the price of bitcoin will rise.

That's a common mistake if we are too aggressive in investment because most likely we will gonna make mistakes and we will be tempted in investing a business that is good to be true, however that is just part of an experience that we need to learn because if we will still gonna make the same mistakes again will not gonna have a long term success. If we keep educating ourselves we will never gonna be victims of scam, and in fact we will be come a big help of the newbie as we will be guiding them on what to do to succeed in this risky journey.

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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

Of course the benefits will be obtained if someone storethe bitcoin with a long time that is a multiple profit. We do not know the price of bitcoin in the future but the bitcoin price will stabilize up.

Xester

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Quote from: Adbitco on July 31, 2017, 05:13:05 AM

Quote from: machinek20 on March 11, 2017, 06:17:08 AM

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder

It's always better to store your bitcoins in a wallet than investing them in scams. The best thing about bitcoin is just storing it for a long time is a sort of investment and we have seen it and some of us might even have experienced it in the past when bitcoin was only $400 or so and raised up to $2800 so that's why people hold and keep storing their bitcoins and that's how people make profit and have made already in the past.

Certainly agreed on this. It has always been safer to store our bitcoins in our wallet and even doing transactions with bitcoin because of its unique bitcoin address. I was scammed before and I would never do that again considering the feeling I felt when I was scammed. It is like losing your favorite thing and was stolen by people who have no hearts at all. I bought that bitcoin and someone just stole it from me. Even if you will put only your bitcoins on your wallet it will really grow everytime the price of bitcoin will rise.

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Quote from: machinek20 on March 11, 2017, 06:17:08 AM

Of course it got benefit, most of the people store bitcoin as investment and because there are so many scammed investment, it is better just put your coin in your wallet and keep it safe and because bitcoin price is keep on rising so saving it for a long time is going to bring big profit for the holder

It's always better to store your bitcoins in a wallet than investing them in scams. The best thing about bitcoin is just storing it for a long time is a sort of investment and we have seen it and some of us might even have experienced it in the past when bitcoin was only $400 or so and raised up to $2800 so that's why people hold and keep storing their bitcoins and that's how people make profit and have made already in the past.

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Quote from: chaser15 on July 30, 2017, 02:15:09 PM

Quote from: Taskford on July 30, 2017, 09:34:43 AM

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Not at all because we can't take away the small chance of bitcoin to decrease it's value. Bitcoin will only avoid inflation if it's clear that 100000% bitcoin will surely rise it's price.

Im positive that bitcoin for long term will surely give us a high value we don't expect but I still have room for possibility that price will decrease more in the future even by 1-2%. It's ok to become optimisitic but let's also look at some chances might happen even for small chances.

Bitcoin made this very clear when price went more then current gold is. This will benefit is many way for long term cuz is will go up. Many save it and know that price will go up every time when halving is price is ready to go up and every time reach more then last time. So in next 5-10 years if you look at this investment it is good to have as many as possible stored.

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Quote from: Taskford on July 30, 2017, 09:34:43 AM

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Not at all because we can't take away the small chance of bitcoin to decrease it's value. Bitcoin will only avoid inflation if it's clear that 100000% bitcoin will surely rise it's price.

Im positive that bitcoin for long term will surely give us a high value we don't expect but I still have room for possibility that price will decrease more in the future even by 1-2%. It's ok to become optimisitic but let's also look at some chances might happen even for small chances.

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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

People like this will benefit a lot of examples after the 1st of August they will get bitcoincash (bcc) there is another bitcoin price now that is going up it will increase their profits

Bagaji

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Saving bitcoin for a long time period has a lot of benefits. People who were able to buy one bitcoin when the market value of Bitcoin was around $50 or let say $200 and were able to hold it till now are all millionaires if converted to the local currency of my country. Just like the case of a 12 year boy who bought bitcoin when the market value of Bitcoin was very little and didn't sell from it till the bitcoin price reach $1500 or thereabouts.

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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

yeah they will get big benefits because price of bitcoin increases significantly during this year. store bitcoin and hold it for long term investment is very good i think.

v0rtecxz

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Quote from: Taskford on July 30, 2017, 09:34:43 AM

The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Yes I agree with your opinion, it is true that people save their property to bitcoin because to avoid inflation that can harm you, and save it as bitcoin for long-term investment, as we see now the price of bitcoin is quite high maybe it Will increase as time goes by, and that can be a boon for you in the future

Pleione527

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Saving bitcoin for a long time gives opportunity for high return I think people who is doing that are having hope that they will experience what happen to others 9 years ago..those who buy bitcoin and kept it after several years are now enjoying the harvest of their investment and not just a simple income but a jackpot to be consider imagine from $5 to $2800....people somewhat dreaming that same thing will happen again after couple of years

Taskford

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The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.

Himanshu111

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If you save for a long time, then you can expect really really high value of your savings simply because of the fact that rate of growth of Bitcoin is very high. I would suggest everyone to hold their savings for a long time for profits.

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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

A benefit is that you can timing the conversion of bitcoin to currency when the rate increased or goes higher, giving you more income than you expected you can earn

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Quote from: Bunsomjelican on July 25, 2017, 12:46:19 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 it is their belief unto to bitcoin that someday it will become the one world currency like what everybody said in this thread.
Moreover, if they hold bitcoin in a long term for a low price value, then after a years it become x 10 that a big profit they can get for sure.

They may be thinking that btc would repeat what happened when it went up from 2010 to now. It probably won't happen again that it will shoot that high but btc still has a long way to go and probably keeping it for a long time will reap good rewards.

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