bitcoin benefit of saving for a long time? - page 98.

BitcoinPanther

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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.

marcuslong

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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.

Qunenin

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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.

buithidiepth1

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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

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.

Ronaldcoin2017

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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.

yes i agree but i think the benifit of saving a bitcoin in long time is depend on the actual value in it.because even you hold it in a cohple of year or even in one decade if the price is not rising up in this principle you cannot gain profit or benifits as well.but i believe that good things come to those who wait.just wait for the rise of the value and sell it if you think that was the rigth time for you to have more higher benifits. Dont even think that holding bitcoin for a lobg time is like having more benifits.because no one can predict what will be happen next time around .a month or a year nobody knows what happen next.

soul-impact

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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.

This is a form of investment, instead of investing in gold or dollars you invest in bitcoin. I find that investing in bitcoin is more profitable than other types of investments. A few years ago, if you bought some BTC and kept it for a long time, now you have a lot of money. So now if you invest in it you will be able to earn quite high profits

Jembut Ireng

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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.

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

Altcoin market is highly volatile and so investments are made in altcoins in short term basis.But investments are made in bitcoins in long term basis as short term investment would not be useful as bitcoin price increase high in long term and gives more profits to its investors.For example,bitcoin price was just $650 in june 2016 and within a year,now its price is $2300.Almost increased by four times.Thats the reason for bitcoin investment done in a long term basis.

Shutup

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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

As I've read,saving bitcoin for a long time is very good.Especially to those collecting of bitcoins.They used to save it and sold it when price is very expensive.As a bitcoiner In exoecting for all benifits of bitcoin.Because only bitcoiners will be the benificiaries of all benifits of bitcoins.As a user of bitcoin lm thankful because I experience some benifits as bitcoiner now.Im hoping to save bitcoin too,to experience also a big profit of bitcoin.

HarleyQuinn9876

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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

I thought of storing bitcoin in wallet as a savings. The money you earn is quite big. You can send bank or long term investment in bitcoin. Investing in bitcoin will be more beneficial than bank transfer. Your investment period is long term so you can choose the time to invest and sell the bitcoin to get higher profits.

batang_bitcoin

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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.

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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

Simply because they are investing in bitcoin. In terms of benefits, they benefit in bitcoin if price flactuates how ever things may happeen oppositely if ever it volatiles. If they are traders, they can benefit wether bitcoin volatiles or flactuates.

mornabo

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Quote from: malikusama on July 12, 2017, 04:39:21 PM

The best you can do with your bitcoins (to earn big profit) is to hold them for a long time, as you have seen the market value of bitcoin during the past couple of years kept on increasing with respect to time. It is expected that it will keep on increasing in upcoming years as the popularity is increasing day by day, so better to hold bitcoins for a bright future.

Besides restraining in the long run will also provide a low risk. So you do not have to worry or be afraid when you invest in bitcoin. You just have to hold your bitcoin for a long time. Then you will get a profit because bitcoin prices will surely rise in the long term

Mapagmahal

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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.

joshua05

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its either their bitcoins rise high or it will be low , and the worst is this august 1 , what will be your plans?

malikusama

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The best you can do with your bitcoins (to earn big profit) is to hold them for a long time, as you have seen the market value of bitcoin during the past couple of years kept on increasing with respect to time. It is expected that it will keep on increasing in upcoming years as the popularity is increasing day by day, so better to hold bitcoins for a bright future.

BTCbengi

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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

I think they saved Bitcoin in their wallet because they thought Bitcoin would increase in the future. Besides, we can see the potential for Bitcoin development, transactions become faster, more and more people are paying attention to it, the government gradually approves it ... so many people save Bitcoin back in his wallet and wait for its price to rise and sell it for a profit

andrei56

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Quote from: gabmen on July 09, 2017, 06:31:01 AM

Quote from: andrei56 on July 08, 2017, 06:30:49 PM

The benefits of holding long term should be obvious to anyone, just look at what happen in this year, if you held bitcoin for a year your investment went up many times over, if you hold for a decade the chances your investment multiplies over many times again is very high, this is not rocket science.

Well hopefully it continues to do so. I'm also a believer of holding btc for a longer period and the possibilities it has for making real good money. But i'm also being cautious about it since after btc shot up real high, even hackers would have high interest in it. Right niwni'm also looking at other alts with the possibility of repeating what btc did a couple of years back.

As long as bitcoin does not fork, and I hope it does not then the only thing that bitcoin can do is to go up in the long term, there is new found interest in countries like Japan and the fact the block reward halves are things that make me think the price of bitcoin will keep on increasing.

Casabrandy

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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.

It is an advantage for those people who are saving bitcoin for future and not for a short trading purposes. I'm aware that bitcoin volatility will give an opportunity to have a good profit but this needs time and focus which is not free for those who have a job in real life. Holding the smartest way.

BCTBF

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The reason they saving bitcoin in their wallet for a long time is that they might make bitcoin as a means of investing, then they saving bitcoin in their wallet for a long time and it's a proven, they get a lot of profit when bitcoin prices skyrocket and that means investment which they did succeed.

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