Topic: bitcoin benefit of saving for a long time? - page 99. (Read 82307 times)
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.
For me in my own opinion, people save bitcoin in their wallet for them to save their money at the same time they gain profits on putting or storing their money into wallet. Because actually I, myself, really do the same way due to I believe that the price of bitcoin will grow more than what we have now and for sure everyone that stores their money believe on that same way.
As we can see those who store coin in 2014 is for sure a millionare now. That is how worth it to store.
As we can see those who store coin in 2014 is for sure a millionare now. That is how worth it to store.
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 everyone who stores bitcoin in a wallet for a long time are all about the same goal that is waiting for the bitcoin price to increase the most and then sell it, because the price of bitcoin is increasing day by day so retention Bitcoin in the wallet for a long time is also a good strategy.Come share your thoughts
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 everyone who stores bitcoin in a wallet for a long time are all about the same goal that is waiting for the bitcoin price to increase the most and then sell it, because the price of bitcoin is increasing day by day so retention Bitcoin in the wallet for a long time is also a good strategy. Come share your thoughts
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
It's the investors benefits but we cannot all be investors here otherwise there will no more ciculation of bitcoin since we all choose to hold which is not healthy for the market. It should benefit more on the users who transact regularly than
the investors who is after of the price increase.
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
Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time, with the already high bitcoin prices I'm sure many have sold it
Only weak hands sold with this small increase in price, many people in the forum are waiting for the day bitcoin finally skyrockets and touches tens of thousands of dollars by that time, you will not need to sell since at that point adoption will be big enough that I think you will be able to pay with bitcoin in a lot of physical stores.There is a FUD all over that's why the market is down now, if you look at the price they are down significantly and in this
kind of situation, all I can think is to buy only and hold.
Two years ago bitcoin prices were not as high now and I think not many people hold bitcoin for long time, with the already high bitcoin prices I'm sure many have sold it
Only weak hands sold with this small increase in price, many people in the forum are waiting for the day bitcoin finally skyrockets and touches tens of thousands of dollars by that time, you will not need to sell since at that point adoption will be big enough that I think you will be able to pay with bitcoin in a lot of physical stores. 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.
A simple answer: investment. Over time, bitcoins tend to gain value since the supply is getting scarce every single day plus the fact that there is sufficient demand for the price to move up. Not only that, public interest is also gaining traction and the market is not just limited to tech geeks anymore, thus creating a momentum for the price to move further. You can also use bitcoin for online shopping like conventional cc and debit cards. There may be a select number of big companies that accept it right now but they offer great rebates for bitcoin users.
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.
For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.
Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go upAgree! The main reason why people hold their bitcoin for a long time because they believe and have so much trust in bitcoin. Their vision is not just in short term but a longer spam of time. Like those people who bought bitcoin around 2009 they never thought that bitcoin price will reach up to $3,000 all they know is that the price will surely rise as years go by.
For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.
Of course if you want to hold bitcoin in the long run, of course you have to dare to believe in bitcoin because bitcoin prices can go up and down at any time if you do not believe in bitcoin of course you will panic every time because the price is very volatile. Prices do not always go up 
Let me share my experience with bitcoin holding. I am not holding bitcoin for a very long time but yeah for two years. I have turned my initial investment to approximately 9X ( the best return any asset has to offer ). Now I am thinking of starting an online business which will need some initial investment. Now I can fund it myself as I have enough bitcoin with me.
So, here coming to your question. Holding bitcoin for a long time can give unexpected returns which you can use at right time.
So, here coming to your question. Holding bitcoin for a long time can give unexpected returns which you can use at right time.
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Keeping bitcoin for a long time is also a form of business, hoarding to be profitable. If we hold a lot of bitcoin in hand in the ever increasing bitcoin situation, you are holding a large block of wealth in hand. It is expected that by 2025 bitcoin prices will increase continuously. Come share your thoughts
Those who bought BTC at the time before are benefiting, now can not know before, if you know, I and you have a lot of money.
I thinks so!
I thinks so!
For a long time, you can store bitcoin only if you really believe in it. Now there are many different crypto currency and no one knows what will happen to them in a few years.
Bitcoin is naturally designed to be a deflationary currency, it's the same as any normal investment in that people buy it in the expectation of the price rising so they hold it until it does (or trade it, if they're clever/brave enough to handle the volatile market).
Actually the price and the system of bitcoin is a great investment. It develops and changes as their are development happens on the market users or the support of the Bitcoins community rises. It follows the principle of law of price and demand where the move within the stock of the market of bitcoin is a vital part of the development of bitcoin transaction , price and security system. It has a future that yet to developed making it a more beneficial currency for investor if they chose to save. 
The main reason for keeping the bitcoin for long time is capital gain. People believe it will cost much more in the future as bitcoin is growing rapidly. And the best part is the amount of bitcoins is constant and can’t be more than 21 million. Thus its value will gradualy grow.
There are lot of benefits that you can get if you bitcoin.In addition to that, saving bitcoin will help to gain more income and I guess by saving bitcoin you would be rich in the near future. Saving bitcoin is very nice and I believe that the price of bitcoin will rapidly increase in the future so that saving bitcoin is a nice idea.
Many of them keep their coins because they are constantly increasing in price and thus no risk. You don't need to invest coins in different sites or exchanges which may prove to be a Scam. I do it too.
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