bitcoin benefit of saving for a long time? - page 97.

Bunsomjelican

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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

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.

appon12

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To save the life of human beings, it is necessary to save it. However, it the savings are invested in the bank or elsewhere it will earn 6% or 8%. I think investment in bitcoin is twice the investment.

HasHe

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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

See bitcoinhats why most people store bitcoins for a long time. is totally different from altcoins which is bought as a short term investment.Bitcoin is mostly bought as a long term investment and short term benefits could not be expected from bitcoins.If we expect short term benefits,it is better to buy altcoins.Bitcoin has increased in its price gradually from time to time.

azguard

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Quote from: harjas2517 on July 20, 2017, 10:08:05 AM

Some People saving Bitcoins for their future It has a big potential because lots of experts expecting big move in Bitcoins in next 5 year time frame If you can hold 5 bitcoins that will be a big amount for sure If you can hold it.

Saving is best option for the moment, off course that man expect to see him go sky high in less then 5 year and how is big moment for price to reach above 3000 and to remain at this level for some time. This could be good opportunity for some buy/sell cuz it will be most likely drop in price for some amount maybe for 200-300 dollars in price.

harjas2517

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Some People saving Bitcoins for their future It has a big potential because lots of experts expecting big move in Bitcoins in next 5 year time frame If you can hold 5 bitcoins that will be a big amount for sure If you can hold it.

mharz

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Quote from: LevshaK1 on July 20, 2017, 07:37:53 AM

I believe that bitcoin is very good for long-term storage, because doing nothing after a few years can become a millionaire. It is very convenient for schoolchildren.

Wow your dream was so high, even how long you hold your bitcoin it was not earn income so how can you be a millionaire? In contrary on what you said I can't believe that you can earn benefits on long-term savings on bitcoin. Because of the following reasons;
1. Bitcoin was not generate interest on wallet every months or years.
2. Fluctuation of bitcoin on the market was unpredictable so no assurance of income.
3. There's a lot of coins or altcoins in the market so how can you manage the competition day to day.

There's a lot of benefits in bitcoin but long-term savings, I can't believe that maybe daily deposit on wallet to increase your savings.

LevshaK1

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I believe that bitcoin is very good for long-term storage, because doing nothing after a few years can become a millionaire. It is very convenient for schoolchildren.

Ziskinberg

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Quote from: ladydark on July 20, 2017, 04:09:10 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?

Come share your thoughts

Bitcoin is totally different from altcoins.Investments are made in altcoins in a short term basis and bitcoins are bought as a long term investment.We could not expect huge profits from bitcoins in a short time.Bitcoin price has risen from $850 in december 2016 to $2250 now within six months.It is expected to rise more after segwit activation.Thats why people prefer to store bitcoins in their wallet for a long time.

That's what I believe before but now I find there are good altcoins that are also good for holding in the long term, in fact I have diversified some of my bitcoins to altcoins because I see some who are good for the future. I have ethereum of course, and just recently I bought a lot of waves and stratis when the price dumped.

airdnasxela

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Quote from: Cherylstar86 on March 11, 2017, 06:55:16 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?

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.

The exchange rate of bitcoin is not constant, many people are saving their bitcoin for the future because the possibility that you'll earn more greater amount is not that high but still have a chance. They also save it for the purpose of selling it whenever the price of bitcoin is really high which will benefit them a lot. I save bitcoin also because the price of it in our country is sometimes low and sometimes high.

ladydark

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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 is totally different from altcoins.Investments are made in altcoins in a short term basis and bitcoins are bought as a long term investment.We could not expect huge profits from bitcoins in a short time.Bitcoin price has risen from $850 in december 2016 to $2250 now within six months.It is expected to rise more after segwit activation.Thats why people prefer to store bitcoins in their wallet for a long time.

mornabo

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Quote from: buithidiepth1 on July 13, 2017, 01:52:35 PM

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

I do not think keeping a bitcoin for a long time is a disadvantage, because the bitcoin price will increase in the future if you keep more bitcoin, you will be richer in the future it can not be detrimental.

You know the potential of very large bitcoin in the future, many people will adopt bitcoin every year and this will make bitcoin prices continue to rise into the future. Holding btcoin for long periods is pretty boring but the likelihood of gains will be greater

qwertyup23

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Quote from: Ewinsane on July 16, 2017, 05:00:31 PM

Quote from: andrei56 on July 14, 2017, 06:22:57 PM

Quote from: batang_bitcoin on July 12, 2017, 09:22:53 PM

Quote from: Mapagmahal on July 12, 2017, 07:03:04 PM

If we save many bitcoins today or in the past months and hold it for a long time maybe we can earn a lot of profit from bitcoin. If you are a long term investor you don't need to panic when the price goes down. We just need to believe that bitcoin will reach it's highest point.

Saving bitcoin will always be beneficial to all of us. Make those early bitcoin people as an example, they did earned a lot from being a long time holder. A kid became millionaire and still counting. Re-investing his profit and makes more money, it will always depend on how you will manage your saved bitcoins.

People hold for the simple reason bitcoin increase in value, if it did not then people will try to get rid of their bitcoin as fast as possible, so holding is a reaction to the way bitcoin behaves, there is no point in spending your bitcoin now when it will become even more valuable at some point in the future.

The people who invested in bitcoin in the early days are surely rich by now. But even if a middle-class person gathers same cash and invests in bitcoin, it is entirely possible that he get some profit due to the fact that bitcoin is rising considerably fast as compared to any other assists. Like that an example of silver gold, and some lands where it is profit is lower as compare to commercial area. So now a days it is also challenging lands as well.

If you want to invest, I suggest that you buy bitcoins now since it is below ~2000$ range. This coming August 1, the price might even drop more depending on people who panic sell it. The benefit of bitcoin if you save it for a long time is there is always the potential of the price increasing from the amount that you bought bitcoins. Like you said, many people millionaires due to their investment way back in 2009 where prices of bitcoin are very low. All you need is a little bit of courage and patience and you'll surely be one of them in the future.

SaShiRaJaVu

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Quote from: Jembut Ireng on July 13, 2017, 04:45:19 AM

Bitcoin is very good for long term investment, if we just get a little profit, of course not take long term, 3 months is enough to get profit 10% when we have bitcoin. Saving at least 4 years will make we get rich.

I am not sure about getting rich with bitcoin with the price it is having right now,it is good to see the market going down so that people like me could grab some more,we could make a minimal profit every six months and if it is a bull market then the opportunity is really high,i am sure the market will settle after scaling.

Ewinsane

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Quote from: andrei56 on July 14, 2017, 06:22:57 PM

Quote from: batang_bitcoin on July 12, 2017, 09:22:53 PM

Quote from: Mapagmahal on July 12, 2017, 07:03:04 PM

If we save many bitcoins today or in the past months and hold it for a long time maybe we can earn a lot of profit from bitcoin. If you are a long term investor you don't need to panic when the price goes down. We just need to believe that bitcoin will reach it's highest point.

Saving bitcoin will always be beneficial to all of us. Make those early bitcoin people as an example, they did earned a lot from being a long time holder. A kid became millionaire and still counting. Re-investing his profit and makes more money, it will always depend on how you will manage your saved bitcoins.

People hold for the simple reason bitcoin increase in value, if it did not then people will try to get rid of their bitcoin as fast as possible, so holding is a reaction to the way bitcoin behaves, there is no point in spending your bitcoin now when it will become even more valuable at some point in the future.

The people who invested in bitcoin in the early days are surely rich by now. But even if a middle-class person gathers same cash and invests in bitcoin, it is entirely possible that he get some profit due to the fact that bitcoin is rising considerably fast as compared to any other assists. Like that an example of silver gold, and some lands where it is profit is lower as compare to commercial area. So now a days it is also challenging lands as well.

Michhotdog

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Quote from: crazycatwoman03 on July 16, 2017, 02:25:00 PM

Quote from: SikatBray on March 11, 2017, 12:06:42 PM

Quote from: Ayers on March 11, 2017, 12:05:16 PM

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

the benefit are obvious aren't they? by holding your bitcoin become more valuable, and without doing nothing you could be rich!, what you want more than this? only gold offer this same thing but gold is going anywhere anymore, bitcoin has a very potential to go 10x or 100x in 10 years, i'm all for bitcoin

Yeah, Bitcoin has great potential and can emerge as one of the best security with time.

It is because of the volatility of the price that many people are holding or keeping their bitcoin in their wallet. If you have wallet and bitcoin on that, you must know how it works. The volatility is good especially if it is pumping, with just storing bitcoin, the wallet acts as a bank that you can always monitor and see for yourself its value.

Saving bitcoin for a long time is really beneficial especially if its rate is going up. Recently, there is a huge dump happening in bitcoin's price. It sounds alarming but I believe that this had happened before and that bitcoin would rise again.

Today, despite the fact that the prices for Bitcoin are rather low, it is necessary to store unambiguously and do not perform any manipulations. Even if some ponika rises simply do not react. And most importantly, before and after August 1, during this period, no transactions are made. This is also a warning to save your coins.

crazycatwoman03

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Quote from: SikatBray on March 11, 2017, 12:06:42 PM

Quote from: Ayers on March 11, 2017, 12:05:16 PM

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

the benefit are obvious aren't they? by holding your bitcoin become more valuable, and without doing nothing you could be rich!, what you want more than this? only gold offer this same thing but gold is going anywhere anymore, bitcoin has a very potential to go 10x or 100x in 10 years, i'm all for bitcoin

Yeah, Bitcoin has great potential and can emerge as one of the best security with time.

It is because of the volatility of the price that many people are holding or keeping their bitcoin in their wallet. If you have wallet and bitcoin on that, you must know how it works. The volatility is good especially if it is pumping, with just storing bitcoin, the wallet acts as a bank that you can always monitor and see for yourself its value.

Saving bitcoin for a long time is really beneficial especially if its rate is going up. Recently, there is a huge dump happening in bitcoin's price. It sounds alarming but I believe that this had happened before and that bitcoin would rise again.

nethan1btc

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Quote from: Omega Weapon on July 13, 2017, 10:48:05 PM

Quote from: Nibeloss on July 11, 2017, 07:26:57 AM

I would not say that it is always advantageous to store bitcoin for a long time. For security coins can be sold when they reach a certain mark and buy when the price falls too low.

Like always the problem is to know where that mark is, it may seem very easy when you look at charts of the past, but when you need to take action in the current markets things do not seem as clear, also by holding for the long term you do not have to worry about all of that so the effort of trading is reduced to zero and the only thing you need to do is to make sure that no one can steal your coins.

Security of your coins is really important since you're holding enough amount of long term investments, patiently waiting for the right time to sell. I know it's not easy to control that weak hands of yours but the benefit is a bigger profit gains that will go along the ways of your future financial that became more sustainable for a long period of time. So saving for a long time really brought good benefit if this will be followed and apply to your trading principles in life.

andrei56

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Quote from: batang_bitcoin on July 12, 2017, 09:22:53 PM

Quote from: Mapagmahal on July 12, 2017, 07:03:04 PM

If we save many bitcoins today or in the past months and hold it for a long time maybe we can earn a lot of profit from bitcoin. If you are a long term investor you don't need to panic when the price goes down. We just need to believe that bitcoin will reach it's highest point.

Saving bitcoin will always be beneficial to all of us. Make those early bitcoin people as an example, they did earned a lot from being a long time holder. A kid became millionaire and still counting. Re-investing his profit and makes more money, it will always depend on how you will manage your saved bitcoins.

People hold for the simple reason bitcoin increase in value, if it did not then people will try to get rid of their bitcoin as fast as possible, so holding is a reaction to the way bitcoin behaves, there is no point in spending your bitcoin now when it will become even more valuable at some point in the future.

Omega Weapon

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Quote from: Nibeloss on July 11, 2017, 07:26:57 AM

I would not say that it is always advantageous to store bitcoin for a long time. For security coins can be sold when they reach a certain mark and buy when the price falls too low.

Like always the problem is to know where that mark is, it may seem very easy when you look at charts of the past, but when you need to take action in the current markets things do not seem as clear, also by holding for the long term you do not have to worry about all of that so the effort of trading is reduced to zero and the only thing you need to do is to make sure that no one can steal your coins.

infer

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Quote from: BitcoinPanther on July 13, 2017, 02:36:24 PM

Quote from: marcuslong on July 13, 2017, 02:30:29 PM

Quote from: Qunenin on July 13, 2017, 02:01:26 PM

Quote from: Godday on July 10, 2017, 10:35:03 PM

The benefit we get is if the btc price rises when we initially buy 2,500 $ later rises to 5,000 $ maybe this is tantamount to investment

Yes, actually that is how works in those who save in early times. So to those who can buy more coins, buy more and save it because sooner you will going to earn your profit to that in time. All you have to do is be patience because the fluctuation varies to the investors of bitcoin which is in the future for sure will be many.

Those are lucky people that has good prediction and had a lots of patient to wait for the price to become like this. patience is one of the best partner in life also when you buy bitcoin when the price is very low investors nowadays is they don't even care what the price is price doesn't matter to them they just using it for business or for trading purposes.

Well if we want to get profit from bitcoin we really need patient. Not just a mere patient but a lot of it since bitcoin being highly volatile have a tendency to drop and increase in price wildly. With that only long term holder have the possibility of maximum profit since they can convert their BTC when its price is really high.

That is correct. Patience is the key lead us to success and richness. The more patient you are, the more money you will earn in the future. Bitcoin is very volatile right now and the hard fork may cause a bad effect to the bitcoin price and make it drop strongly. Therefore, you should learn to be patient if you want to invest your money in bitcoin

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